mortgage turmoil - 03/30/07 01:32 PM
     Federal Reserve Chairman Ben S. Bernanke few weeks ago blamed loose lending for the recent turmoil in the
mortgage market and told Congress that "it's worth looking at" the idea of creating a law against certain lending
practices.  Is fit a sign that the congress would bail out the family's who are in foreclosure.  Or they are trying to
create "emergency fund" for coming disaster to come.  Thirty-four percent (34%) of the homeowners don't even
know what kind mortgage programs they have.  The housing boom, made mortgage lenders loosened lending
standards and offered more and more so-called non-traditional and subprime loans to borrowers who … (0 comments)

it is still california love ! - 03/28/07 12:31 PM
 
   California has been the place of dreams for generations of Americans. Many have flourished on the upward
spiral of California property values and are now considering the future. For others, the price of entry has been a
frustrating barrier. In either case, the ultimate dream for most of us is to own a luxury home on a beautiful,
expansive piece of property near a sophisticated urban center.
   California and Florida have the most "extremely overvalued" real estate markets in the country according to a
respected report based on government statistics recently produced by economists with Global Insight and
National … (1 comments)

lenders trying to be an alligator ! - 03/26/07 03:51 AM
   Are lenders trying to be an alligator, the whole foundation of the mortgage business has increased the
volatility, and shaken the big position investor.  I did have a talk to a big financial hedge fund manager,
according to him the mortgage industry is taking a big hit from the media, legislators, short term investors.
This has made the wound more deep than expected.  It has really made the real people in refinancing, or
purchasing the propertmore difficult.   Even all most all the presidential candidates
has made some bru- ha ha about the supprime meltdown, making the tightening of the credit more clear, … (1 comments)

housing affects other industries too - 03/23/07 03:27 AM
Lumber and chemicals are showing "signs of weakness"... The chemicals outlook continues to be tied directly to
the strength of the U.S. economy, while the lumber industry is - of course - closely related to the housing
market... With a forecasted economic slowdown and an already slowing housing market, both of these industry
sectors show an increased amount of risk... 2006 saw a marked change in lumber industry conditions, as the
quickly declining housing market caused lumber prices to slump, a condition that is continuing as the market  
continues to falter in 2007."
… (0 comments)

housing job sector collapse - 03/23/07 03:16 AM
    The housing boom beneficiary sectors are exerting a greater and greater drag on overall job growth, but
employment outside of those sectors has been healthy enough to shake it off. The construction, retail, and
finance/real estate sectors... have collectively shrunk 2.7% since January 2006. Over the past year, the
construction industry lost 3,800 jobs or 4.2%, retail lost 2,500 jobs or 1.7%, and finance/real estate lost 2,400
jobs or 2.9%. (The sharp drop in retail empoyment, and to a lesser extent in construction employment, is
seasonal -- this is why I focus on the year-over-year changes).
… (0 comments)

san jose foreclosure crash - 03/23/07 03:13 AM
     The number of homes entering some stage of foreclosure -- from notice of default to bank
ownership --
increased 45% in January from the same period a year earlier, according to Irvine, Calif.-based RealtyTrac.
I hope this isn't news to you: Another stock market crash is on its way. That's the bad news. The good news is
that it isn't necessarily right around the corner. While many financial prognosticators on TV will offer opinions on
when the next big crash is due, I don't feel like I'm shortchanging you with my own opinion: I don't know when it
will happen.  Typically, analysts … (0 comments)

let's face the it ! central valley you are in trouble - 03/23/07 02:59 AM
     Short term real estate valuation has been down, since it has peaked
last year.  The house prices has been down 30-40% from their all time high.  Added the foreclosure, and the
mortgage tightening of the market.  To those people who are looking for a "pinch hitter" or a "home run"
market.  We would have to wait for a while.  The tide is now againt us, we would not be able to see the market
coming up, some time in the future.   Some argue that home prices will just flatten out, instead of actually
falling. Their reasoning seems to be that home prices … (0 comments)

country wide was charging my client 10.5% for a 700 credit score: California mortgage crash - 03/22/07 11:50 PM
     I was astound to get a quote from the biggest A paper lender in the mortgage industry.  Is it a mortgage
spill over, added with the tightening credit, and not getting the right terms from the big investment backers has
shaken the whole mortgage credit spectrum.  In one county in California last week, 179 homes were put up for
auction at the courthouse, with a reserve price of the mortgage value set by the lender.  The catch is that these
were 100% lender-financed homes.  The lenders did not sell one home. They are still hoping that buyers will
come in … (3 comments)

inflation control is really good for real estate - 03/17/07 11:53 PM
   Inflation is really vital for a real estate growth.  We have seen a number of country growing double digit for the
past two (2() decade, but if you take a look at the inflation number, they have almost a near two (2) digit
inflation increase year by year.  United States has always played really safe in inflation courtesy of the FED's.  If
the FED's are in cohout's with the big real estate investors, S&P 500 home builder company's.  Their stock would
have been double, or triple of what ever their high is.  And the end would be really bad, if not … (2 comments)

people who would make money in foreclosure market - 03/17/07 11:36 PM
   It is really sorry to say in foreclosure market we have a lot family's losing their house. 
But their are a lot of "business minded" people who have taken advantage of this distressed
home owners.  Just a word of caution to make sure that you need to know the people who
you are dealing with. 
    *get a reference of the investor "buyer"
    *talk to an attorney
    *talk to your familiy member, is that the l"ast option you have".
    *get every thing in writing
… (1 comments)

san jose foreclosure: " short meltdown or bust" - 03/17/07 11:10 PM
    The Capital of Silicon Valley is suffering from the foreclosure wave throught out the country, or is it just a
meltdown of the market, which is taking all over the nation. Pundit's, financial expert has been going "ga-ga"
over the foreclosure loom which would be sweeping the country for the past two (2) years.    Time would just
tell if it is just a "meltdown", or a real bust, like what happened five (5) years during the tech bubble.  At that
time, every one invested all most all their equity in the tech stock's, for the most part a big portion of their
retirement has just … (0 comments)

sub prime stock's are up >? - 03/16/07 05:45 PM
  
     With the meltdown at an all time high, stock like Accredited, Fremont, and New Century has been up over
50% percent for the past two days.  Courtesy of Credit Suisse literrally bailing them out of debt, they have
bought their notes in a big discount, bringing their stocks 100% within the space of 2 days.  Added the rumour
Goldman Sachs might buy them.  Adding all the sub prime stocks boosting their stocks in the double digit.  The
FED's might help to bring the interest down, by the virtue of default rising.  The whole economy being affected
by the tight purchasing power of consumer.  … (0 comments)

roller coaster mortgage >? news about mortgage's - 03/16/07 05:31 PM
In local news today, Merrill Lynch is purchasing First Republic Bank for $55 per share. First Republic shares are up 41% this morning.
Mandalay Mortgage, a top-30-ranked subprime wholesale originator, announced that is closing its doors tomorrow and will stop funding loans. I guess that this leaves more room for the remaining lenders in that segment
Wells Fargo led the pack in retail originations last year with roughly $160 billion for 2006. They were followed by Countrywide, BofA, WAMU, and Chase in the top 5. Also on the list were Golden West, Quicken, USAA, and First Magnus (#20 with roughly $11 billion for the … (0 comments)

big boys in the block to save the sub prime crunch lenders - 03/16/07 05:21 PM
 
 Rumors have sprung up that Goldman Sachs is interested in buying Accredited, which helped their stock price yesterday. 
National City said that it wrote off $11 million stemming from subprime home loans, expects to write off more, and may boost reserves by $50 million because an insurer is rejecting mortgage-related claims.
 IndyMac Bancorp Inc., who is the ninth biggest U.S. mortgage lender with $90 billion in fundings last year and who has seen its stock drop 36% this year, said its exposure to subprime mortgages is small. The company stated that most of its loans were prime loans to borrowers with … (0 comments)

grim news of foreclosure in the late night news - 03/14/07 09:58 PM
  
   NBC News reported the grim news last night that foreclosures are now 4 times higher than they were in the year
2000, the rate of failures are growing daily and that there's no end in sight.
  The stock market crashed on worries about all the "bad" news. It's fascinating to watch this (well-understood
and accuratelyforecasted) situation going on with foreclosures right now. None of us who are real estate
entrepreneurs are the least bit surprised about what's happening. We predicted exactly what you see - mass
foreclosures, mass chaos, mass financial losses and the best part..., mass fortunes to … (0 comments)

sub prime might be removing the 100% financing all together - 03/14/07 01:59 AM
  Lax underwriting standards made 2006 perhaps the worst year ever for mortgage credit quality.
Subprime lenders are already getting crushed - but the impact rising mortgage delinquencies will
have on home prices overall is still an open question.  Foreclosure in the market would again
bring back to the woe's of the sub prime market.  The tightening of the credit would bring a lot
of problem to the coming ARM expiration, and the coming buyers in the market.
… (0 comments)

even builders are in foreclosure - 03/12/07 05:42 AM
 
Pulte tries foreclosure strategy to save development !
 
  Even buiders are foreclosing to save some money !  Oh my God, what the heck..  This is a complete
highway robberry, this folks are making billions & billions of dollar a yeat.  I guess they won't mind
doing it, because some of folks in sub prime category are doing it too !  This is really an interesting news,
you have a fortune 150 filing a foreclosure, to save some money.  But that is a smart move for the company,
to even make share holders happy, in this kind of … (1 comments)

century 21 su casa in trouble - 03/12/07 05:25 AM
  Check this one folks ! 
 
This people are making our industry a bad reputation !  Whether you believe it or not, we have helped
thousands of people save a lot of money, thru taxes, debt consolidation, lowering the house payments,
etc...  But some folks right here, has just made us a mock, and a commodity in this professional field.
There are two ways you can make money $$$, the right way, or the wrong way. These people have tried
to make their money through their way !
Check this news: 
http://origin.insidebayarea.com/argus/localnews/ci_5412059
http://sanjose.bizjournals.com/sanjose/stories/2007/02/19/story2.html
 
  C'mon, let's … (8 comments)

A big merge could save the ailling sub prime market - 03/05/07 12:35 AM
 
     Subprime companies that specialize in B & C paper loans have suffered as housing prices stopped rising
and interest rates climbed from record lows.  A credit crunch in the market for low-end mortgages has left
companies specializing in these subprime loans at the mercy of big banks like Merrill Lynch & Co. Goldman
Sachs and J.P. Morgan Chase.  The merge could save the ailling sub prime market, if all the sub prime melt
down takes place a lot family would go in default after the expiration of their ARM's.  The regulators in
Washington has to take a shot, and encourage all the big financial investment … (0 comments)

what is a sub prime mortgage - 03/05/07 12:04 AM
 
Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. While these
loans remain a small part of the home lending industry, they've helped more people buy homes who previously
couldn't afford it, helping to fuel a surge in housing prices in 2004 and 2005.  By cutting off access to
credit for these extra buyers, demand for homes may fall further, depressing prices and fueling a broader
slowdown in the U.S. housing market. If a client is not able to meet the A paper guidelinets, they are transfered
through sub prime guidelines.   Lately all the sub prime … (0 comments)

is it the demise of the sub prime lenders - 03/04/07 11:54 PM
   
      Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. Lenders
specializing in such loans, like New Century, Country Wide, Indy Mac rely in part on big banks known as 
warehouse lenders to finance their operations. These backers require that subprime lenders meet certain
minimum financial targets; otherwise, they have the right to end the business relationship.
      All the ware house line of the lenders are in the RED mark.  The tightening of the sub prime would
significantly slow the economy as a whole.  A big portion of the investment of the vast majority … (0 comments)

Nervousness: sub prime in real trouble - 03/04/07 11:46 PM
    Federal bank regulators demanded tougher standards for subprime loans, saying they're worried that
borrowers of adjustable-rate mortgages may not understand the risks associated with them.  Overall, many
market watchers are blaming the complacency that had seeped into markets over the past year, and especially
the U.S. market's uninterrupted run higher since last summer.  We had the longest period of market gains
without as much as a 2% pull-back since the 1950s," said Spencer Clarke's Sheldon. "Now we're going through a
period where risk tolerance levels are adapting to a normalized environment."
    Tightening credit conditions in the U.S. could worsen … (0 comments)

 

raman kandola

San Jose, CA

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kandola mortgage services

Address: 2166 the alameda, san jose, ca, 95126

Office Phone: (408) 561-7295

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