Kris Krajecki's (imcallingkris) Blog

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Mortgage and Lending - Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL
RECENT BLOG POSTS
For the first time since 1995, the U.S. bond market will rally on the assumption that the Federal Reserve has relegated inflation to a secondary concern because the central bank views a recession as a much greater threat to the economy. The bellwether 10-year Treasury note, which depreciated as i...
10/01/2007
The month's most important Report is about to be released...That's right, and notice the whispers about this Friday's monthly Jobs Report. Remember last month's Jobs Report arrived as quite a surprise...economists were expecting around 110,000 new jobs being added for the month, but were shocked ...
10/01/2007
The Bond market and home loan rates were fairly tame for the bulk of the week, but had picked up a little steam on Thursday following the US Treasury's auction of $13 billion in five-year notes that afternoon. The Treasury auction showed strong foreign demand and heavy buying by large institution...
10/01/2007
•1.     As of November 1st 2007 Mortgage Insurance rates will be increasing.  Coverage amounts will remain the same but the factors are changing.•2.   As of November 1st 2007, the Mortgage Insurance companies are scrutinizing lower credit scores more than ever.  In some cases regardless of AUS fi...
09/28/2007
Important FHA Credit Policy Changes...Effective October 1, 2007 HUD/FHA establishes the minimum standards for insuring an eligible mortgage application.  These standards are described in several handbooks published by HUD/FHA and are amended from time-to-time by Mortgagee Letters.  The handbooks ...
09/26/2007
See 2 quick bullet points about the program below. I have attached mortgagee letter #2007-11 from HUD on the specific guidelines about the "FHASecure" program. Please review the mortgagee letter for all details. Under the "FHASecure" program, borrowers who are delinquent on their mortgages as a r...
09/26/2007
Investors and agencies are intensifying their review of property values. The appraisal report must adequately support the opinion of value and property description, utilizing available public and non- public information concerning local trends in home prices.   Recent FNMA Announcements discuss t...
09/26/2007
Treasury 10-year notes rose for the first time in a week as forecasts for slowing growth reduced inflation expectations. Federal Reserve policy makers cut the target rate for overnight lending between banks a half-percentage point to 4.75 percent on Sept. 18 as the housing slump and rising corpor...
09/21/2007
SAN FRANCISCO (MarketWatch) -- HSBC Holdings said on Friday that it's shutting one of its U.S. subprime mortgage businesses, a move that will trigger an $880 million accounting hit and $65 million in costs for the bank's HSBC Finance division. The closure of Decision One Mortgage, which offers ho...
09/21/2007
With lenders tightening the reins on lending, borrowers really need to be sure their credit scores are at the highest level to borrow.  Here are some things to help your borrowers.  We have shared this information before. But it has become even more important during with the changes in the indust...
09/20/2007
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Kris Krajecki

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