Kris Krajecki's (imcallingkris) Blog

Finally....Some lower rates!!!Treasuries rose as the Federal Reserve trimmed its forecast for U.S. economic growth this year and next on weaker-than-anticipated home building, while keeping its inflation projections unchanged. Fed Chairman Ben S. Bernanke predicted in testimony before Congress th...

Federal Reserve Chairman Ben S. Bernanke, praised for averting a recession and containing prices, seems reluctant to risk his credibility by predicting a significant further easing of inflation. Fed policy makers may reduce slightly their forecast for inflation this year after prices moderated la...

Just found out today....Important information regarding changes to First Franklin's guidelinesFirst Franklin is committed to funding quality non-conforming loans. Our policy of providing aggressive yet responsible programs means we periodically adjust our products, terms and guidelines. Effective...

Here's a list that a realtor gave to me and it is a great list to pass along... 1. Smoke Alarms. Install alarms on every level of your home and in every sleeping area. Change batteries once every year; test them monthly; replace the units every 10 years. Smoke alarms can cut your family's chances...

 Construction loans are completely different from those loans that are used to buy already existing homes. Mortgages used to purchase homes which are already constructed, use the home as collateral for payment of the loan. If you fail to make scheduled mortgage payments, then the bank takes owner...

Desktop Underwriter (DU) 5.7Effective with new submissions to DU on or after July 22, 2007Just received some very interesting information today... We knew this was coming.....Fannie Mae will be releasing the latest version of DU.  Some of the changes are: Interest Only QualifyingInterest Only loa...

I received this e-mail and thought I would share...I am very sorry to announce that Morgan Direct, formerly known as, Stonecreek Funding has closed its doors. For those of you that I have had the opportunity to work with I would really like to apologize. I know it is hard enough to get loans clos...

Treasuries were little changed as stocks advanced, suggesting investors are becoming less averse to risky assets. Treasuries advanced on July 10 the most since February as Standard & Poor's and Moody's Investors Service warned about the credit quality of subprime mortgages.All of this up and down...

Treasuries fell as the U.S. and the U.K. tightened security following two attempted car bombings in London and an attack on Glasgow airport, reducing demand for the relative safety of government debt. Ten-year yields fell to a three-week low last week when the threats cut the attraction of riskie...