Kris Krajecki's (imcallingkris) Blog

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Mortgage and Lending - Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL

ARCHIVED BLOG POSTS

2007 

I am seeing a lot of appraisals come up for reveiw these days! Even FNMA had a new DU finding regarding appraisals!Investors and agencies are intensifying their review of property values. The appraisal report must adequately support the opinion of value and property description, utilizing availab...
10/31/2007
Treasuries were little changed after a private report showed consumer confidence fell more than forecast in October. The Conference Board's index of confidence declined to 95.6, the lowest since October 2005, from a revised 99.5 the prior month. The index averaged 105.9 last year.It looks like we...
10/30/2007
A NEW 401(K) OPTION...Last year, Congress authorized a new twist to the standard 401(k) plan that most employers offer. The new option, called a Roth 401(k) is just what it sounds like, a blend of the standard 401(k) and a Roth IRA.So what's the difference?As opposed to the standard 401(k) plan, ...
10/29/2007
They say to be careful what you wish for...and with Halloween just around the corner, kids aren't the only ones wishing for a "treat". This Wednesday, October 31st, The Fed will decide if the financial markets will get a treat of their own with another cut to the Fed Funds Rate. It is very fittin...
10/29/2007
Sub-Prime is making it's way back...but is a little stricter and the rates are definately higher!Here is the information we discussed.  Our focus is the sub-prime market; here is a sample of what we can do. Loans to 1.25 million to 80% LTV (min. 620 score, full doc) Loans to 1 million to 75% LTV ...
10/29/2007
I got this e-mail from countrywide this morning...It looks like they are really trying to lay on the confidence bit pretty thick.Dear Business Partner: By now you are probably aware that Countrywide Financial reported our third quarter earnings earlier today. I wanted to take this opportunity to ...
10/29/2007
The real mavens in the U.S. bond market may be your next-door neighbors, and they say now's the time to buy Treasuries. Twenty percent of Americans who say it's a bad time to buy a house cite high interest rates as a reason. High interest rates??? Rates are actually rather low! Are people really ...
10/29/2007
Treasury two-year notes fell as traders pared bets that the Federal Reserve will reduce interest rates by more than a quarter-percentage point this week and gains in global stocks curbed demand for fixed-rate investments. Two-year notes, more sensitive than longer-maturity debt to changes in the ...
10/29/2007
Treasury two-year note yields dropped to the lowest in more than two years as losses at Merrill Lynch & Co. and a plunge in home sales increased speculation the Federal Reserve will cut interest rates next week on Halloween. The yield on the November fed funds futures contract suggests traders ar...
10/24/2007
Just received an e-mail this morning...It looks like the sub-prime lenders are starting to slowly come back......almost as slowly at 1st as they left! They are definately tougher, and their rates a bit higher, but...... theyyyyy'rrrrrrre baaaaaacccckkkkkk.:-)Proud to be hereWith the completion of...
10/24/2007
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Kris Krajecki

Mortgage Broker Huntley, IL
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