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 meltdown takes place a lot family would go in default after the expiration of their ARM's.  The regulators inWashington has to take a shot, and encourage all the big financial investment bankers to come out with a solution.  A big demise of this market would follow cycle of economic slow down.  A big part of the investmentof the baby boomers are in their houses.  Housing... 03/04/2007

 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 transferedthrough sub prime guidelines.   Lately all the sub prime lenders have been behaving irrationally because of the rise in default, and a near triple rise in foreclosure.  A number of the sub prime lenders has to file a bankruptcy protection after having fin... 03/04/2007

          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 of the people are still their houses.  With ARM expiring soon, they would have to re-adjust their finances all over again. 03/04/2007

The Cambrian neighborhood is about four square miles nestled in a quiet West San Jose location. The Cambrian area of San Jose runs between highway 17 and the Almaden expressway, north of Blossom Hill Rd and south of Foxworthy Ave.  It encompasses the 95124, 95118 and a small part of the 95008 zip codes.If you would like more information about real estate in the Cambrian area, please visit our website at: http://www.kipandtam.com/ 02/26/2007

Just last March, redevelopment plan for North San Jose was stuck --- tangled in a lawsuit by neighboring cities Santa Clara and Milpitas over traffic flow.  The plantiffs contended that the proposed redevelopment would create population growth and traffic problems that would spill over into neighboring cities as well as I-880.How quickly things change. In December, the Santa Clara County Superior Court approved a settlement allowing the vision for North San Jose to proceed.  Now, Cadence Design Systems has announced that it intends to perform a major renovation on its headquarters, constructing a five-story 208,000 square-foot building to house all their 2,100 headquarters employees.  They currently have four separate low-rise buildings which will be obsoleted under the plan.... 02/13/2007

We finally have a Morton's steak house in the Silicon Valley! This is such a nice addition to downtown San Jose. My wife and I attended their "rehearsal/soft opening" a few weeks ago and were impressed with the quality and freshness of their product. The service was good, I'm sure it'll get better as soon as they finish training. You'll be happy with the food!Morton's San JoseMy other site - www.whereieat.com 177 Park Avenue, Suite 100San Jose, CA 95113 Best Regards,Chris Casel (San Jose Mortgage Consultant)W I R E  Financial355 Santana Row, Suite 2020San Jose, Ca. 95128Direct: 408.551.2119Cell: 408.930.4519ccasel@gmail.comhttp://www.bayarealoanguy.com/ The greatest compliment I can receive from my clients is a referral. Thank you for your business. 02/12/2007

Why is the person who invests your money called a "broker"? 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 year). Given the stronger-than-expected economic reports, and steady inflation numbers, few analysts still believe that the Fed is going to lower interest rates before June, or even early autumn. As far as market direction, for the short-term, a few days and up to a week, most see the bond market "neutral". What will change this? Probably not much this week. Later today we have Leading Economic Indicators (estimated +.2%) and an $8 billion 20-yr TIPS auction. (Tr... 01/23/2007

I am building a website.  Or perhaps it will be more accurate to say I am re-building my website - almost on a daily basis, it seems to me...  The more I learn about building a website, the more I realize I what I have gotten myself into.  I had a website which was provided by Alain Pinel Realtors, but it was a basic single page website with very little room for flexibility and almost no ability to add more content.  So began my quest to expand my presence on the web.  I am no webmaster, far from it, I don't even know html, but many people were building their own websites, so I saw no reason why I could not?  I started with a hosting site which provided a simple template form.  It was a bit cumbersome because I was learning as I was going along, but I managed to build the content in a f... 01/18/2007

REVERSE MORTGAGES: This new law provides protection to consumers who obtain reverse mortgages. This law prohibits certain self-dealing activities by companies providing reverse mortgages, requires certain additional disclosures for reverse mortgages, and also requires a translation of the contract for a reverse mortgage to the language in which primarily negotiated.  This law requires lenders and mortgage broker to perform certain acts, and also prohibits certain practices when selling reverse mortgages. The provisions of this new law become effective on January 1, 2007. Source: Assembly Bill 1609. California withholding tax alternative upon transfer:  This new law provides an alternative to the current California withholding tax requirement upon transfer of real property of paying thre... 12/29/2006

My team will do your open houses in the Bay Area for FREE!  We do Open Houses in San Jose, Fremont, Union City, Gilroy, etc. We can pre-approve potential buyers on the spot.  WE DO OPEN HOUSES ANY DAY OF THE WEEK.  Our job is to get your listings sold faster and for top dollar!  We also give a $500 gift certificate anywhere, for any referrals at closing!  We want to work closely with Realtors.  We can make your job easier.  I also give a 21 Day Personal Loan Guarantee for Purchase Loans or Refinances*.  I will close the Loan in 21 days, or the Loan is FREE!  Give me a call anytime!  408-823-6363 or 510-744-3800  I would love to help you better your business.  Work with a Mortgage Team that has your best interests at heart!!!  12/20/2006

       People doing business with Ownit Mortgage received this notice yesterday: "It is with deep regret that we inform you Ownit Mortgage Solutions will cease operations on December 6, 2006.  For the past three years, we have pursued a mission to influence the mortgage industry toward increased affordability options for a changing market of home buyers.  Change takes time, and we are saddened that the current unfavorable conditions of the mortgage industry did not afford us sufficient time to see our mission through." There are many rumors about what happened; most focus on Ownit being overwhelmed by repurchase requests.       People in the industry should be cautious in each and every move they are taking.  I think a lot for foreclosure,and default would be coming in the market.  It's... 12/06/2006

Need Help With A FORCLOSURE??I have been working with the real estate investor who has studied the foreclosure process. We are familiar with the procedure and understand the many ways in which owners can halt the foreclosure and perhaps save their property and equity. It is in our practice to contact owners who have received official notice of a pending foreclosure. We believe we may be able to help you by providing information about your foreclosure options. Sometimes excellent investment opportunities are found when owners have decided that they no longer wish to keep their property. Specifically, there are eight actions you can take when your home is in foreclosure. We would like to share these options with you at no cost or obligation to you. We do this to increase our chances for i... 12/02/2006

don't over trust your realtor. they are in the business of making money... and make sure .... that would be your money...thinking that you know better that your real estate professional. that is really bad in your part~ but being able to know how everything. they are (real estate professional~ name~ly: realtor, mortgage broker, escrow officer,...)over extending your self. i did it ! so i know it really hurts. "ask me, i'll tell you!"being not the motivated. if you are not motivated. forget it.not in control of your desire. must be prepared to take control of your self, the real estate, etc. "don't brag, i think I am better that you?prepare to take risk. you better have to. "my parents think, i am nuts"get an advice. you better have to take advice. if not your a history.give me an advice... 11/25/2006

Foreclosure has been steadily going up, the economy is uncertain, with Bernanke still guessing what to do the with the short term rate. Who are we to blame for this biggest real estate appreciation of the history, closing with a bust! Is that the irrational exuberance of the peoplewho invested their money. Seeking financial boost for the nest egg. A lot of questions would be lingering within the coming months.Help would not really come from uncle bernanke, nor the government would take any steps to curb the number of foreclosures in the market. With the war still at peaks, and recession on his in the country, for the growing number of people who are agitated with the discount rate being up for almost 21 straight months straight.We need to get a help or atleast a guidance from the govern... 11/25/2006

  To be in the top you need to have a good business strategy.  You have to attack, and check the balance every time in order for you to suceed in the business.  Starting alone is really dificult and fun.  You are doing a one man show!  As you intend to grow, you would not have enought time with your works.  The stategy changes from there.  Subordinating- would help> in regards you need to find some one who is really reliable, your ability to change and maneuover changes simultaneously.Adapting- would> play a key role in this stage. Speed-> keep others disadvantage in to your advantage.  Be fast, quick and precise with the clients, and all your work.. Why> ask- yourself. everytime you miss some thing? WHY and WHAT happened. Communication- Keep an open communication, let every one knows e... 11/25/2006

Build-to-lastI was wondering the other day, how all the company in the fortune 500 started. They have started some where. It has always been my fascination to be a business maverick. I call it the most important "feat for me". I have always dreamed big about myself.As every big company has it, they have to build a character in order for them to leap from the average, or mediocre. It is more of practical, and the transition has to be really fast. You have to let your colleagues, and subordinated adopt really fast, in order for them to sucked in this cutting edge game."new ideas" to adopt, and how you picture it! When we access to vision that's where reality comes in to work, with added perseverance. You can see your work coming in to manifest.These are the trait's you can see for an enti... 11/25/2006

Getting Out of the Commodity BusinessWhat you sell should be re-packaged and re-invented to differentiate it from competitive products and make apples-to-apples comparisons difficult or impossible.           The worst thing a business can do is be just like everyone else.  And the worst reason your customer can have for buying your product is that it's the cheapest.  Live by cheapest price, die by cheapest price.           There are many, many product categories that are commodity items.  My definition of a commodity is something that can basically be bought and sold by the pound from a half dozen or more companies. The Pathetic Life of the Lowest Bidder ! raman kandolahttp://www.kandolamortgage.com/  11/25/2006

This is my first blog entry.  I'm writing from Evergreen Valley, San Jose, CA and am excited to be a part of this growing network.  Evergreen in San Jose is a a thriving community of new homes and exciting amenities.  One of the most significant growth factors in the last several years has been the great appreciation rate , of not only housing prices, but also API scores.  Evergreen schools are among South San Jose's highly sought after school system. More about Evergreen's spectacular API growth in the coming posts.  Again, welcome to this post and hope to interact with the community soon.  Ken Bui, Evergreen Broker  11/21/2006

        I have been battling with realtor(s) for the past four (4) years, for the rates, and strustures of loan in thefinancing circle.  Foreclosure's now coming in a big way, so is hard money coming every out.  The same realtorsI have been dealing for the past four to five years have been facing a problem with the "hard money" interest rates.  For those realtors who have made "ka-ching" during the boom time, has been having a problem considering the rates from the hard money.      They have to realize they can not sell this notes in the secondary market at all.  It is not all ways a no-doc loanthey look at the ltv, even though it is high interest loanthey look at the propertythey look at the circumstances of the loan           But it is win-win situation for the principal, and the lend... 11/19/2006

Sellers prepare to sale in today market Most sellers wish they had planned to sale their home last year.  This year is a challenge to sale your home if you don’t price right.  Most sellers makes mistake by pricing their home with last year price.  You may be in denial; denial may cost you money if you don’t follow what experience REALTOR® suggestion or recommendations. Inventory is almost double from last year and fewer buyers are on the market.  That will leave potential buyers with more choices and you should anticipate longer to receiving an offer. The average days on the market are between 40-50 days. Seller should prepare to choose a REALTOR® that will provide the following CMA, help prepare your home in a perfect condition, and great marketing campaign in a slow market. What is C... 10/16/2006