Kris Krajecki's (imcallingkris) Blog

Don't you hate it when borrowers call you and say "Hey, I heard that the FED cut the rates...I want 6% instead of my 6.50% now!!How PRIME works.... If you are shopping for a new credit card, education loan, a car loan or a specific type of second mortgage called a home equity line of credit (HELO...

The slump in global credit markets may force banks, brokerages and hedge funds to cut lending by $2 trillion and trigger a ``substantial recession'' in the U.S.Losses related to record home foreclosures may be as high as $400 billion for financial companies!!Wells Fargo & Co. Chief Executive Offi...

One of my favorite lenders just sent me an e-mail and I thought it looked great and just wanted to pass it along to you all.:-)***PRODUCT RELEASE***  Home Possible 97 and 100(Codes:  HP1F, HP9F, HP1A, HP9A)Effective ImmediatelyIntroducing the new Home Possible 97 and 100 Fixed Rate and 5/1 ARM Pr...

Treasuries were little changed as Federal Reserve officials suggested that the central bank won't be as quick to reduce borrowing costs as traders anticipated. Yields rose earlier from the lowest since 2005 after Fed Governor Randall Kroszner said an economic ``rough patch'' in coming months won'...

Contact Your Congressional Representative TODAY Regarding H.R. 3915  Dear NAMB Member,WE DID IT! Thank you for responding to last week's call-to-action on H.R. 3915 asking the House Financial Services Committee ("HFSC") to amend H.R. 3915, the "Mortgage Reform and Anti-Predatory Lending Act of 20...

Treasuries fell after a government report showed U.S. retail sales rose last month more than economists forecast, suggesting that the U.S. economy is weathering the worst housing slump in 16 years. The data encouraged traders to reduce bets that the Federal Reserve will cut borrowing costs for a ...

Just recieved this e-mail from Homecomings Financial (GMAC) and thought it was very interesting....thought I would pass it along ans see what you thought!New Mortgage Broker and Lender Regulations in MassachusettsThe Massachusetts Attorney General has significantly revised existing mortgage regul...

Immediately after Halloween it seems that retailers are already putting up thier Christmas decorations - trying to capture as much of the Holiday market as possible. Typical ways that retail stores use to capitalize on the holidays include extended hours and sales. This is all well and good, but ...

Please find the anticipated timeline of events detailed below with respect to HR 3915.   Tuesday, November 13A Call to Action may be issued by NAMB to all members as early as this evening- Talking points will be included. NAMB staff and lobbyists are still working to get acceptable clarification ...

Treasuries fell for the first time in a week as an increase in U.S. stocks reduced demand for the safety of government debt. Stocks are up, which is strange since stocks started the day Friday being down 200 points?! Yields of two-year notes, which had benefited as investors sought shorter-term s...