Kris Krajecki's (imcallingkris) Blog

Well I guess my happy-go-lucky account rep from Wells Farge sub-prime won't be stopping in to "see what I've got for him".As of today, Wells is suspending operations for its corresponding non-prime ("alternative") lending divisionJUST IN....Wells Fargo Correspondent Alternative Lending to No Long...

Treasuries rose after a government report showed the Federal Reserve's most closely watched measure of inflation slowed in May and consumer spending increased less than economists forecast. U.S. government securities erased losses that came yesterday after the Federal Reserve said in its statemen...

Treasuries fell after the Federal Reserve said inflation is still the greatest risk facing the economy while keeping the benchmark lending rate at 5.25 percent for an eighth consecutive meeting. Yields on two-year notes, more sensitive than longer- maturity debt to Fed rate changes, rose the most...

While experts believe the impact of the housing downturn has been felt primarily in the subprime mortgage market, some warn that a prolonged period of weakness might affect other areas of the economy as well. Concerns about rising mortgage defaults in Bear Stearns' portfolio triggered a 185-point...

June 26 (Bloomberg) -- Freddie Mac Treasurer Timothy Bitsberger said the subprime mortgage slump is ``severe but contained.'' Subprime borrowers, people with the riskiest credit records, make up a small part of the U.S. mortgage market and are mostly in seven states, Bitsberger said today at a co...

I thought this was cool and wanted to share!:-)--CNN anchor Paula Zahn has moved out of the Fifth Avenue co-op apartment she's shared with her soon-to-be-ex husband, Richard Cohen. Zahn is renting a full-floor apartment at the Siena on East 76th Street for $40,000 a month. --Billy Joel and his br...

SOARING house prices, rising interest rates - how to get a foot on the property ladder when the cost is way beyond the traditional two-and-a-half-times-a-salary ceiling?As society becomes ever more property-obsessed, home-ownership is now the number one priority for 18 - 24 year olds in the UK, w...

Treasury two-year notes rose for the first time since April as investors sought refuge from possible hedge fund losses. Two-year yields fell more than 10-year yields this week, increasing the yield premium of the longer-term debt to the most since October 2005, as Bear Stearns Cos. offered to pro...

People don't know thier rate!?!? By Kathy M. Kristof, Times Staff Writer   If you were confused by the disclosure forms your mortgage lender gave you, you're far from alone, according to the Federal Trade Commission, which says the industry can do a better job.A study released Wednesday by the ag...

By Kathy M. Kristof, Times Staff Writer   If you were confused by the disclosure forms your mortgage lender gave you, you're far from alone, according to the Federal Trade Commission, which says the industry can do a better job.A study released Wednesday by the agency found that the required disc...