raman kandola's (kandolamortgage) Blog

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Mortgage and Lending - kandola mortgage services
RECENT BLOG POSTS
  Lax underwriting standards made 2006 perhaps the worst year ever for mortgage credit quality.Subprime lenders are already getting crushed - but the impact rising mortgage delinquencies will have on home prices overall is still an open question.  Foreclosure in the market would again bring back ...
03/13/2007
  Pulte tries foreclosure strategy to save development !     Even buiders are foreclosing to save some money !  Oh my God, what the heck..  This is a complete highway robberry, this folks are making billions & billions of dollar a yeat.  I guess they won't mind doing it, because some of folks in ...
03/11/2007
  Check this one folks !    This people are making our industry a bad reputation !  Whether you believe it or not, we have helped thousands of people save a lot of money, thru taxes, debt consolidation, lowering the house payments, etc...  But some folks right here, has just made us a mock, and a...
03/11/2007
      Subprime companies that specialize in B & C paper loans have suffered as housing prices stopped rising and interest rates climbed from record lows.  A credit crunch in the market for low-end mortgages has left companies specializing in these subprime loans at the mercy of big banks like Mer...
03/04/2007
 Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. While these loans remain a small part of the home lending industry, they've helped more people buy homes who previously couldn't afford it, helping to fuel a surge in housing prices in 2004 and 2005. ...
03/04/2007
          Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. Lenders specializing in such loans, like New Century, Country Wide, Indy Mac rely in part on big banks known as  warehouse lenders to finance their operations. These backers require that subp...
03/04/2007
    Federal bank regulators demanded tougher standards for subprime loans, saying they're worried that borrowers of adjustable-rate mortgages may not understand the risks associated with them.  Overall, many market watchers are blaming the complacency that had seeped into markets over the past ye...
03/04/2007
   West Coast has been bearish with the foreclosure up for more than a decade.  With the market crossing the peak last year.  Company like Ownit, Concorde, and 50 other consumer lender going out.  Has made the Wall Street worry of the state of real estate for the short term.  Consumer spending go...
02/25/2007
   I have saved a lot of clients who are in the process of foreclosure, or has received NOD.  They have beenremnants of the boom recently created by the short term low interest rate which the FED gifted to the people.It has been incentive for me in helping them, but the thing which is really both...
02/25/2007
    Real Estate is still bright in the future.  It is not really chaotic as  been said.  The economy is going up, brave new economy is coming out, BRIC (Brazil, Russia, India, and China) is growing double digit.  The economy is moving in a fast paced.  Here is what I know, if the economy is going...
02/25/2007
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