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california mortgage crash: 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)

 

raman kandola

San Jose, CA

More about me…

kandola mortgage services

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

Office Phone: (408) 561-7295

Cell Phone: (408) 561-9967

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