raman kandola's (kandolamortgage) Blog

 Good morning! Mark Twain once said, "Be careful about reading health books. You might die of a misprint." What is the health of mortgage banking? To begin with, although housing prices are not going up as much as in the recent past, and in fact declining in some locations (especially those marke...

 What is an "indexed mutual fund"? It is the selection of a particular stock market index (DOW, S&P, Russell 1000, Wilshire 5000) and the purchase of all its stocks and bonds in exact proportions in which they exist in that index. Of course, a few funds will outperform these indices at certain ti...

Investing in New Technology? Five Things to Consider First Know where your dollars will make the most sense and why By Desiree French RISMEDIA, December 11, 2006-New technology products hit the real estate market almost daily. But the hottest appear to offer what brokers and agents need to be mor...

Seminar offers optimistic outlook for Jacksonville home market RISMEDIA, December 8, 2006-(MCT)-In the wake of fewer home sales and increasing inventory, local home builders and Realtors are arming themselves with a weapon they hope will help turn the tide in the local market: Information. A semi...

 Are mortgage companies helping the "Green Movement"? Some are, believe it or not! A number of lenders make "Location-Efficient Mortgages". Originators take into account the cost savings of borrowers either not owning a car or living in an urban environment, thus often saving commute costs, in ef...

     How much do you care about FHLMC & FNMA? An article in yesterday's Wall Street Journal mentions that "home builders and real-estate brokers oppose any effort by the government to shrink Fannie and Freddie, contending that their purchases of mortgages are vital to the housing market. With the...

     How many is a trillion? A lot. One trillion pennies laid out would over almost 90,000 acres, In 2004 $2.8 trillion in mortgages were originated, according to the Mortgage Banker's Association. In 2005 it was $2.9 trillion. 2006 is anyone's guess - some estimates are around $2.4 trillion, whi...

 The highest denomination of currency ever printed by the United States is the $100,000 Gold Certificate. They were used only for transactions between the Federal Reserve and the Treasury Department. The highest denomination issued for public circulation is $10,000. The highest denomination curre...

Banks Take a New TackOn Mortgage Lending   With Loan Volume Slowing,Rebates and Rate DiscountsAre Used to Woo Customers By RUTH SIMONNovember 1, 2006; Page D3 Get a mortgage from another lender and we will pay you $250.That is the latest marketing twist from Bank of America Corp. With competition...

       People doing business with Ownit Mortgage received this notice yesterday: "It is with deep regret that we inform you Ownit Mortgage Solutions will cease operations on December 6, 2006.  For the past three years, we have pursued a mission to influence the mortgage industry toward increased ...