Kris Krajecki's (imcallingkris) Blog

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Mortgage and Lending - Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL
RECENT BLOG POSTS
Treasuries rose as Federal Reserve Chairman Ben S. Bernanke told Congress he expects economic growth to ``slow noticeably'' this quarter. The difference in yields between two- and 10-year notes increased to the widest since March 2005. The bets are that the Fed will cut borrowing costs at its mee...
11/08/2007
On October 31st, in Federal District Court, Judge Freidman handed down a stunning upset ruling in the Penobscot Indian Nation v H.U.D. case Civil Action # 07-1282.  Judge Freidman's four page ruling prohibits HUD from enforcing the rule banning downpayment assistance programs that charge property...
11/08/2007
Under FASB terminology, Level 1 means mark-to-market, where an asset's worth is based on a real price. Level 2 is mark-to- model, an estimate based on observable inputs and used when there aren't any quoted prices available. Level 3 values are based on ``unobservable'' inputs reflecting companies...
11/07/2007
Turning Back the Hands of TimeThis weekend, the sun sets on another season of Daylight Saving Time. In case you hadn't noticed, Daylight Saving Time (DST) was actually extended this year by an entire month--it began earlier last spring and ran longer into this fall. But, alas, all good things mus...
11/07/2007
Have you ever flipped through all your TV channels to find nothing on? Well, that's how market traders will likely feel this week as they flip around for some economic news releases. But the news calendar takes a well deserved rest next week with mostly lower to mid-level reports scheduled. That ...
11/07/2007
HUD is NOT implementing their rule prohibiting seller assisted downpayment programs (Nehemiah, Ameridream, etc.).This rule was scheduled to take effect on October 31, 2007; however, the U.S. District Court of the District of Columbia issued a preliminary injunction on October 31, 2007 to block im...
11/05/2007
The U.S. housing slowdown that propelled 10-year Treasuries to their biggest gains since 2002 may soon make the same securities laggards in the government bond market. The notes returned 9.6 percent since mid-June as investors sought a haven from credit market losses caused by subprime mortgages....
11/05/2007
It looks like lenders are really trying to insure consumer confidence these days!!HOMECOMINGS FINANCIAL, LLCf/k/a HOMECOMINGS FINANCIAL NETWORK, INC.DECLARATION OF FAIR LENDING POLICY & PRACTICESFair Lending PolicyHomecomings Financial, LLC (Homecomings Financial) is committed to the principle of...
11/04/2007
Treasuries rose, pushing two-year note yields to the lowest since 2005, as investors bet that bank losses on mortgage loans will slow the economy. Shares of financial- services companies including Merrill Lynch & Co. fell to a two- year low as analysts predicted the housing slump will cause banks...
11/04/2007
Employment in the U.S. slowed in October as a worsening housing slump led to firings at homebuilders, manufacturers and mortgage lenders, economists said before a report today. Wage gains may slow as employment weakens, increasing the burden on consumers already saddled with rising fuel costs and...
11/02/2007
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Kris Krajecki

Mortgage Broker Huntley, IL
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