Kris Krajecki's (imcallingkris) Blog

WHAT'S IN YOUR WALLET THIS HOLIDAY SEASON?If you're like most Americans, quite a few credit cards, that are already getting warmed up for upcoming gift buying sprees. In recent years, there has been an explosion in the number of credit card issuers, and perhaps more confusingly, the types of rewa...

This coming Friday commemorates the 66th anniversary of Pearl Harbor Day, "A day that shall live in infamy," and it also features the week's main economic event - the monthly Jobs Report for November, which might touch off some fireworks of its own.Last month's report came in at twice the number ...

Another lender is getting even STRICTER....and with FHA!!!Hey guys,Sorry to bring this to you late on a Friday, but I just received an email that we are increasing our minimum fico on FHA loans to 600 for all borrowers.  I need all loans locked today that fall between the 580 and 599.  Please cal...

North Carolina's High Cost Home Loan LawEffective January 1, 2008, North Carolina's High Cost Home Loan Law is amended to include all Yield Spread Premiums (YSPs) paid to the broker in the high cost points and fees test. Owner-occupied primary residence loans with loan amounts of equal to or less...

Treasuries had their best month in 12 years as concern over banks' willingness to lend drove investors to seek refuge in the relative safety of U.S. government debt. An index of Treasury securities returned 3.2 percent in November, the highest since 1995, as the rate banks charge each other for b...

Treasuries fell and bill yields rose as Federal Reserve Chairman Ben S. Bernanke indicated the central bank will do whatever it takes to keep the economy out of a recession. Yields on three-month bills increased the most in more than two weeks on reduced demand for the safety of short-term govern...

Washington, DC - Office of Federal Housing Enterprise Oversight (OFHEO) has announced that the conforming loan limits for mortgages purchased by Fannie Mae and Freddie Mac will remain the same for 2008.  FNMA and FHLMC Loan Limits: Units   Maximum Loan Amount 1       $ 417,000 2       $ 533,850 3...

Effective Immediately, Provident Funding has made the following changes to the Program Guidelines.All ProgramsNon-Arms Length Transactions - Updated the definition and clarified the program restrictions and documentation requirements (Conforming: Section 3.7, Non-Conforming: Section 3.6).Borrower...

Getting stricter still!!!Not just on borrowers....but thier houses as well!:-)Dear Valued Business Partner:  In today's market environment, Countrywide, Americas Wholesale Lender remains committed to helping our broker Business Partners assist qualified borrowers in finding appropriate home finan...

Treasuries fell as Abu Dhabi agreed to invest $7.5 billion in Citigroup Inc., boosting stocks and easing demand for the relative safety of government debt. Investors sold bonds as traders speculated that the cash infusion will help the biggest U.S. bank by assets replenish capital after writedown...