raman kandola's (kandolamortgage) Blog

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...

Thursday's bond market has opened in negative territory following early stock gains. The stock markets are continuing their upward march with Dow holding its 13,000 plus level. It is currently up 15 points while the Nasdaq has gained 5 points. The bond market is currently down 6/32, which will li...

        American Home Mortgage Investment Corp (NYSE: AHM) announced this weekend they will cut their dividend, and first quarter profits will come in between 40 to 60 cents per share (estimates were around $1.06). The stock is currently off $5.21 this morning in pre-trading hours, adding to the ...

    We have lost a big sub prime lenders like Century, Ownit-It, owned and managed by the best in the mortgage industry.  Is the congress trying to tie up a secret merge by a big financial institution like Goldman Sachs, Merril Lynch, Bear Stearns, Citi Group to bail-out this company, and buy the...

   A recent data came out that in Las vegas, NV over 240 houses are going to foreclosure everyday !  That is really an alarming rate, especially for the city which has churned over 50% appreciation for the past 2 years.  The potential movement of the foreclosure is really preity alarming, and add...