raman kandola's (kandolamortgage) Blog

 What happens if you don't make your monthly mortgage payment? In some cases, the original lenders are taking the biggest hits. In typical contracts, mortgage banks agree to buy mortgages back from Wall Street in the case of a payment default within the first 90 days. H&R Block (owner of Option O...

 What is the current state of the adjustable rate market? Aurora just announced that on their "neg am" ARM loans, the borrowers must qualify at the fully indexed rate as well as the maximum negatively amortized loan amount.  It is predicted that other lenders will follow. Too many lenders are see...

A Guide to Selecting Whether to Work With a Broker or a Direct LenderHard Money Lenders are in the business of providing loans and loan services to people who require hard money loans (loans collateralized by real estate.) Hard money lenders may be direct hard money lenders or hard money brokers....

Hard money comes in many flavors; one of the most common is mortgages. Using the owner's equity in real estate, hard money lenders generally lend 65% - 70% of the value of real estate property. In general, hard money mortgages are used for commercial purposes. However, they can also be applied to...

Real estate investing is one of the most common uses of hard money funds. Real estate investing is a cash intensive financial activity. In order to take advantage of ongoing projects, investors often require more operating capital than conventional banks are prepared to provide on short notice. W...

 With "subprime" mortgages in the news, who are the largest producers of this product? Wells Fargo leads the subprime list with a 14% market share, followed by HSBC, New Century, Countrywide, Fremont, Citi, Option One, Ameriquest, WAMU, and First Franklin (5% market share). What did most company'...

Treasury bonds declined for a second straight week, pushing yields near the highest this month, as reports showed enough economic strength to allow the Federal Reserve to keep interest rates steady. The central bank left its benchmark interest rate unchanged at 5.25 percent for a fourth consecuti...

 Do Interest-Only loans go into Interest-Only (IO) securities? Not necessarily. But most (the ones in which the interest and principal payments are split) are structured so that investors receive only interest on the amount of outstanding principal.  Therefore, the return on IOs is inversely rela...

 Thirty per cent of the Chinese population will be over age 60 by 2050! That's four hundred and thirty-two million people. Demographers sometimes say that "China is in a race to get rich before it gets old". Here in the US, according to U.S. News & World Reports, a survey conducted by the Employe...

 Here's a riddle: what is it that many of us had when young, but the next generation might not? How about a big yard? The detached, single-family home with a big yard is disappearing. And even where it still exists, few buyers can afford it. According to U.S. Census Bureau data, the median new on...