Kris Krajecki's (imcallingkris) Blog

As late payments and new foreclosures on adjustable-rate home mortgages made to people with spotty credit spiked to all-time highs in the first three months of this year, the Federal Reserve on Thursday considered reforms to crack down on lending abuse.The Mortgage Bankers Association, in its qua...

Just got this e-mail this morning and I thought I would share...:-)Accredited Partners with Lone Star Funds!We are pleased to announce that Accredited Home Lenders Holding Co. ("Accredited") has entered into a definitive merger agreement with affiliates of Lone Star Fund V (U.S.) L.P. ("Lone Star...

Well it's about time!Looks like we can all take a breather today...thank goodness after what happened to rates yesterday!!U.S. Treasuries rebounded as some Asian investors said benchmark yields at a five-year high are attractive given the outlook for a slowdown in U.S. economic growth and inflati...

The National Association of REALTORS recently reported that nearly one half of all first time homebuyers financed 100% of the purchase price of their home.Are you getting this business?Are you using the My Community Program? my 100% My Community Program.  DU Approved or Manual Underwriting w/ alt...

CREDIT: THIS IS THE Mortgage Lender Implode-O-Meter - TAKEN FROM http://ml-implode.com/. A GREAT WEBSITE WITH A WEALTH OF INFORMATION!! PLEASE CHECK IT OUT!Our list of lending operations that have "imploded" (see also ailing lenders). "Imploded" is somewhat subjective and does not necessarily mea...

Networking MisconceptionsContrary to popular belief, you can network at any event, anywhere - provided you act professionally and honor the event. This is according to Dr. Ivan Misner, founder and chairman of BNI, a referral networking organization. In his book "Truth or Delusion," he tackles som...

U.S. Treasuries fell, adding to five weeks of losses, as Federal Reserve Bank of Cleveland President Sandra Pianalto said inflation is ``uncomfortably high.'' Fourteen of the 21 primary dealers that underwrite the government's debt, including Merrill Lynch & Co. and Goldman Sachs Group Inc., boos...

U.S. Treasuries fell, adding to five weeks of losses, as Federal Reserve Bank of Cleveland President Sandra Pianalto said inflation is ``uncomfortably high.'' Fourteen of the 21 primary dealers that underwrite the government's debt, including Merrill Lynch & Co. and Goldman Sachs Group Inc., boos...

Treasury debt prices plunged on Thursday as fears of tighter monetary policy globally renewed the market's current downdraft and sent yields broadly above 5 percent for the first time since July. Heavy selling especially from mortgage players prompted benchmark rates to post their biggest one-day...

The drag on economic growth is easing, and home demand is firming up  It's still way too early to celebrate, but more and more signs suggest the housing recession is starting to ease its grip on the economy. That doesn't mean the slump will be quick to disappear, but beginning this quarter it loo...