raman kandola's (kandolamortgage) Blog

According to Housing Tracker, Las Vegas Inventory has been steadily building for many months, and has now surpassed the 20K mark-while prices have been declining slowly. I can attest to the fact the market is slowing and Inventory is building, as there are 12 homes for sale on my street alone. So...

 Move? For the first time since 1994, the number of residents who left California (population 38 million) for another state in  2005 exceeded the number who moved here! One wouldn't know it by looking at all the new subdivisions, but according to figures from the state Department of Finance Calif...

 Make sure you have the systems and processes in place to successfully close the amount of business you seek to bring in. This includes everything from hardware and software to processing capabilities. Make upgrades where  needed to ensure you can keep service and efficiencies high. Leads: Earn M...

 Whether you're a mortgage industry veteran or fairly new to the business, there is a wealth of information available to help you increase your knowledge. Choose a subject, such as sales techniques or new loan products, and make it your goal to become an expert on that subject. If you're a busy d...

Revisit your 2006 business plan and evaluate your results to set a main earnings goal for 2007. Determine what you'll need to earn each month to meet your ultimate goal. Decide how many loans you'll need to close monthly to achieve your earnings goal. Identify the number of applications you'll ne...

 The United States has roughly 300 million people in it. What states are increasing in population? This year Arizona replaced Nevada as the fastest growing state. (Nevada held the distinction as the fastest growing state for 19 consecutive years!) This year Arizona's population grew 3.6%, beating...

 Though 2006 ends with existing-home sales about 9 percent lower than in 2005, gradual improvements are expected. The National Association of Realtors® (NAR) forecasts these sales will rise gradually next year and record an annual total only slightly below this year's.      Experts expect potenti...

 Wells Fargo CEO Richard Kovacevich estimates that approximately 20 percent of 375 metropolitan areas in the country have experienced a 20 percent decline in home prices. However, he believes that various economic factors will help to discontinue these declines in 2007.      "There's no way that ...

 A typical program in subprime lending is the "228", a loan with a fixed payment for two years (usually with a 2-yr pre-payment penalty). The 228's facing resets this year represent the biggest growth segment among the pile of loans resetting: according to FNMA, there are $321 Billion of such loa...

 This morning look for an improvement in A-paper mortgage pricing. The ISM Manufacturing Index will be released this morning and is expected to increase slightly by 0.5 to a level of 50.0. (Any figure below 50.0 is a signal of contraction in the sector.)  The FOMC minutes of the December Fed meet...