Kris Krajecki's (imcallingkris) Blog

Apparently on May 17th, 2007 there was a NAR Professional Standards committee meeting where they discussed REALTORS® and blogging. During this meeting questions arose about Article 12 and how it relates to communication via the internet. I take it that the NAR is considering regulating what Realt...

SB 1167 is still unsigned on the Governor's desk as of 10/19/07.If the Governor does not sign, veto or amendatory veto the bill by November 6, 2008, the law automatically goes into affect.It looks like the legislature will be in session until December, so the Illinois Assn. of Mortgage Profession...

Treasuries rose, pushing two-year note yields toward their biggest weekly drop since September 2005, as concern increased that credit market losses are threatening the broader economy. Two-year note yields fell for a fourth straight day after a 32 percent decline in profit at Bank of America Corp...

Treasuries rose for a third day after a government report showed housing starts in the U.S. plunged to a 14-year low in September, increasing speculation that the Federal Reserve will reduce borrowing costs this month. Two-year note yields fell to the lowest in more than a week as consumer prices...

2008 FNMA Loan Limits will remain @ $417,000The Office of Federal Housing Enterprise Oversight (OFHEO) announced today that there would be no increase in the 2008 Conforming Loan Limit.  OFHEO is the regulatory agency overseeing Fannie Mae and Freddie Mac.That means that the single family maximum...

The latest Retail Sales numbers showed the consumer is still out there spending...but many of our expenditures have gone up right under our noses, without us getting any extra enjoyment out of them. Rising gas prices, increased interest rates for borrowed money, higher minimum monthly credit card...

So could this week's slate of economic reports hold enough information for Bonds to decide they've had enough of the 200-day Moving Average - and cause home loan rates to make a move? The upcoming calendar features reports on Manufacturing, Housing, and Consumer Inflation...so it could get juicy,...

Treasuries rose as renewed concern that the U.S. housing slump will reduce corporate earnings spurred a drop in global stocks. Two-year note yields fell the most in four weeks as traders increased bets that the Federal Reserve will cut borrowing costs this month. Fed Chairman Ben S. Bernanke said...

Just recieved this e-mail update...Guideline Update - Appraisal Guidelines Provident Funding is amending the appraisal requirements for all of its loan programs. The changes include:The Maximum Distance for Comparables is 0.5 (Urban), 1.0 (Suburban), and 5.0 miles (Rural). Comparables that exceed...

Guideline Update - Reduced Documentation Provident Funding is amending its Conforming and Non-Conforming Guidelines for reduced documentation loans.Guideline Changes- Minimum 730 Loan Fico score for Conforming, Loan Prospector approved loans utilizing the Stated Income /Stated Asset Documentation...