Kris Krajecki's (imcallingkris) Blog

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Mortgage and Lending - Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL
RECENT BLOG POSTS
A Pennsylvania congressman wants to help preserve your sanity with a bill that would make permanent the government's do-not-call list for telemarketers. The Federal Trade Commission (FTC) in 2003 set up a registry of phone numbers that did not wish to receive telemarketing calls. Consumers entere...
10/09/2007
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...
10/09/2007
The U.S. House of Representatives subcommittee Thursday reportedly passed H.R. 3609. The bill would allow bankruptcy judges to modify the terms of a mortgage contract during bankruptcy proceedings. And, by a vote of 385-28, the House of Representatives Thursday passed H.R. 3648. That bill would e...
10/09/2007
Some institutions are starting to be more proactive in modifying loans, FDIC's chairman said at an investor conference last week, according to a transcript of her presentation. She called for servicers to make teaser start rates permanent for owner-occupied borrowers with current mortgages, addin...
10/09/2007
Treasuries fell, pushing yields on two-year notes to the highest in two weeks, after the government revised August job losses to a gain and said employment growth in September exceeded forecasts. Traders pared expectations the Federal Reserve will lower interest rates a second consecutive month a...
10/05/2007
I got this e-mail from CW and thought I'd share...Dear Business Partner:First and foremost, I'd like to extend my sincere appreciation and thanks to our dedicated base of core Business Partners for your continuing support of Countrywide®, America's Wholesale Lender®. The immense value we place on...
10/03/2007
The Department of Housing and Urban Development gave lenders the go-ahead last week to start refinancing delinquent subprime borrowers into Federal Housing Administration loans. The emergency program is designed to give certain subprime borrowers with adjustable-rate mortgages a refinancing optio...
10/03/2007
Oct. 2 (Bloomberg) -- The U.S. housing market is unlikely to recover soon from the worst slump in 16 years, according to Michael Milken, the junk bond billionaire turned philanthropist. It will be ``quite a while before we have a robust housing market again,'' Milken said in an interview today. `...
10/02/2007
I know I do not have to point out to anyone that the industry is changing daily.  Program guidelines and pricing are changing so fast and unfortunately without notice and effective immediately.  The Alt A Programs are being scrutinized by the investors as they are having problems securitizing the...
10/01/2007
Bill Gross, manager of the world's biggest bond fund, said falling home prices will be the main driver of U.S. monetary policy for ``several years,'' and repeated his forecast the Federal Reserve will lower the federal funds rate to at least 3.75 percent in the coming 12 months. The Fed may delay...
10/01/2007
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KrisKrajecki

Mortgage Broker Huntley, IL
local_phone(847) 426-3431
smartphone(630) 347-6321
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