raman kandola's (kandolamortgage) Blog

Thursday's bond market has opened in negative territory following early stock gains. The stock markets are continuing their upward march with Dow holding its 13,000 plus level. It is currently up 15 points while the Nasdaq has gained 5 points. The bond market is currently down 6/32, which will li...

        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 ...

    We have lost a big sub prime lenders like Century, Ownit-It, owned and managed by the best in the mortgage industry.  Is the congress trying to tie up a secret merge by a big financial institution like Goldman Sachs, Merril Lynch, Bear Stearns, Citi Group to bail-out this company, and buy the...

   A recent data came out that in Las vegas, NV over 240 houses are going to foreclosure everyday !  That is really an alarming rate, especially for the city which has churned over 50% appreciation for the past 2 years.  The potential movement of the foreclosure is really preity alarming, and add...

   Foreclosure has steadily been going up here, courtesy of the tightening of the credit by the mortgage industry,courtesy of the FED's.  This years MARCH MADNESS has brought bad luck to all the sub prime lenders, all most all of them falling like a deck of cards.  Orange County the mecca of the ...

     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 ...

    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...

   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, legislat...

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 m...

    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. O...