Kris Krajecki's (imcallingkris) Blog

Reverse mortgages allow homeowners who are 62 and older to convert home equity into income, with the lender paying out via a lump sum, monthly payments or a credit line. When the house is sold, the lender is paid back with interest. With a typical reverse mortgage, the homeowner never owes the le...

Another one bites the dust!!I got an e-mail today from Aegis Funding...Please note that effective Wednesday, June 20, 2007, Aegis Lending is no longer accepting new loan applications from retail customers. If you recently obtained a loan from Aegis Lending or submitted a loan application to us an...

The difference in Treasury 10-year and two-year note yields widened to the most since October 2005 as investors sought a haven from hedge fund losses. Two-year notes were poised for their first weekly gain since April, while 10-year notes were down for a seventh week, widening the yield advantage...

The jump in 30-year mortgage rates by more than a half a percentage point to 6.74 percent in the past five weeks is putting a crimp on borrowers with the best credit just as a crackdown in subprime lending standards limits the pool of qualified buyers. The national median home price is poised for...

The jump in 30-year mortgage rates by more than a half a percentage point to 6.74 percent in the past five weeks is putting a crimp on borrowers with the best credit just as a crackdown in subprime lending standards limits the pool of qualified buyers. The national median home price is poised for...

According to ml-implode.com, THE MORTGAGE WHAREHOUSE based in Clearwater, Florida, had ceased lending operations. based in Clearwater, Florida, had ceased lending operationsalso, FIRST STREET FINANCIAL. Their voice message says they are shut down as of June 15th. They were a sub-prime lender here...

June 19 (Bloomberg) -- U.S. Treasuries rose for a third straight day after a government report showed home construction slowed to a four-month low in May. The consecutive declines in yields on benchmark 10-year notes is the longest streak in two months. Yields on the securities had touched the hi...

FINALLY!...A BREAK!June 15 (Bloomberg) -- U.S. Treasuries gained after a smaller-than-forecast increase in consumer prices boosted the appeal of 10-year notes, whose yields are near a five-year high. Traders pared bets that the Federal Reserve's next move will be to lift interest rates in the nex...

June 15 (Bloomberg) -- Bill Gross, manager of the world's largest bond fund, says U.S. housing is in such a perilous shape that the Federal Reserve may need to cut interest rates in six to nine months. Not so, says Alan Greenspan, the Fed Chairman who presided over 14 straight rate increases befo...

Homes of people in Madison Wis. who avoided using agents reaped more profit than those who sold through real estate professionals, according to a study released Friday. By Les Christie, CNNMoney.com staff writer NEW YORK -- Putting a house on the market and cutting out the middleman could pay off...