raman kandola's (kandolamortgage) Blog

 According to the Associated Press, in March, Nevada, one of the hottest centers of the real-estate boom, ranked highest in the U.S. in the number of foreclosures. The state's foreclosure rate increased 220% from a year earlier to one out of every 183 households, while the national rate increased...

 "H&R Block said in an SEC filing... that Option One failed during the quarter ending Jan. 31 to meet minimum profit levels that lenders set in order to make what are known as warehouse loans to Option One. Block's CEO, Mark Ernst, indicated in late February that he thought Option One would fetch...

 Fannie Mae Plans to Lay off 'Several Hundred' Workers (Inman News, Apr. 3rd): "Mortgage repurchaser Fannie Mae says it will lay off several hundred employees by the end of the year as a cost-cutting measure, confirming a March 27 Washington Examiner report based on an internal company memo. comp...

    "The aim of life is no more to control the mind, but to develop it harmoniously; not to achieve salvation here after, but to make the best use of it here below; and not to realise truth, beauty and good only in contemplation, but also in the actual experience of daily life; social progress de...

submit your property to MLSsubmit copies of your listing to all our agents and their potential buyersprovide a customer info box on sign post for direct buyer exposurepromote your home at the rea estate board meeting to create maximum exposure to the other agents in the areadevelop a list of feat...

 EMC, owned by Bear Stearns, set up a team called "The Mod Squad" reportedly to help homeowners stave off foreclosures as defaults by the riskiest borrowers surge. The 50 member team meets with homeowners having difficulty making their payments to try to arrange alternative payment plans to minim...

 What does Merrill Lynch (buyer of First Franklin and First Republic) expect rates to do? They expect inflation to eventually moderate which will give the Fed the room to cut rates and lower the Fed Funds rate to 4.25% (now at 5.25%) by the end of the year, helping ARM prices. Practically everyon...

 Freddie Mac said it would provide backing for up to $20 billion in new mortgages to aid distressed subprime borrowers. The offer was aimed at assisting borrowers who would normally qualify for fixed-rate loans, and assures lenders that there will be financing available if they shift borrowers fr...

 Roughly one million illegal immigrants are thought to live in Los Angeles County, but the Urban Institute estimates that this number is declining. There are two reasons for this change. The first is that many illegal immigrants now avoid Los Angeles, and instead head to Midwestern and southern s...

 The Government National Mortgage Association (GNMA) is a government-owned agency (part of HUD) that participates in the securitization of FHA and VA mortgages. Because the mortgage payments to investors are the only ones guaranteed by the full faith and credit of the U.S. Government, they return...