foreclosure help: Facing Foreclosure in California?...Call for help - 08/26/07 07:12 PM
Facing Foreclosure in California?...Call for help Kandola Mortgage Services launched a Foreclosure Hotline this week. It's purpose is to assist people who are delinquent on the mortgages. Counselors will act as intermediaries between homeowners and lenders, to work out a game plan, help organize finances, avoid scams, reduce potential liability and … (0 comments)

foreclosure help: trump is gone are you next - 08/19/07 02:11 AM
 
Less than two years after its launch, Trump Mortgage is gone, due to the market and the disclosure that the
firm's chief executive, E.J. Ridings, had inflated his credentials, the outfit never came close to reaching its
financial goals. Donald Trump said that it was just a "licensing deal" and he … (0 comments)

foreclosure help: lender rumour/ lender crisis - 08/19/07 02:04 AM
Countrywide said that "disruptions in credit and secondary mortgage markets pose a risk to the company and could hurt its financial condition in the short-term". CW made the disclosure in a filing with the Securities and Exchange Commission, supplementing other "risk factors" the company had outlined in its annual report. Payments were … (0 comments)

foreclosure help: meltdown lenders: higher standard guidelines - 08/19/07 02:00 AM
RFC changed their Jumbo A, Expanded Criteria, and Payment Option pricing adjustments.
WAMU ceased doing any low-doc transactions whatsoever with FICO's less than 680 and LTV's greater than 65%.
MortgageIT discontinued their No Ratio, No Doc, and SISA loans for several of their products.
Greenpoint stopped taking locks entirely on their Alt-A Fixed and … (0 comments)

foreclosure help: loan standards are higher, new squeeze for a foreclosure rise. - 08/17/07 02:57 AM
 
The most negative analysts believe that because loan standards are now much tougher, at least 10% to 15% of
the people who could have qualified for a home-purchase loan last year can't do so now. Meanwhile, many of the
people who would still qualify for a loan don't want to buy … (0 comments)

foreclosure help: 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 … (0 comments)

foreclosure help: who cares if you miss a mortgage payment ? - 12/25/06 05:08 AM
 
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 … (2 comments)

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