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default loan: more lender's in trouble - 08/15/07 12:56 AM
According to an article in the Wall Street Journal, Option One, Countrywide and First Franklin (Merrill Lynch) will no longer offer 2/28 loans. A spokesman for Countrywide said that investors' demand for such loans is "very, very limited." Alliance Bancorp. ceased operations on July 13th per a message placed on their … (2 comments)

default loan: another lender in a hole - 04/09/07 08:43 AM
   
    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 26% slide … (0 comments)

default loan: 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 … (3 comments)

default loan: 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 … (0 comments)

 
Mortgage Company: kandola mortgage services
raman kandola
San Jose, CA
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kandola mortgage services

Office Phone: (408) 561-7295
Cell Phone: (408) 561-9967
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