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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

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2009 

MBS prices are up +98/32 (FNMA 30-yr 4.5 at 101.91), above the initial price level at +2/32, and at the high for the day.  No economic data came out today. MBS markets were helped by strong demand for the 10-yr Treasury auction. The bid-to-cover ratio was 3.01 and foreign investors purchased 47% ...
10/07/2009
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Each of the three national credit bureaus has its own scoring model.  Periodically these models are changed and some reporting services pick up the new model and some stay with the old model.  As a result of this, one mortgage company can run a bureau and get one score and another, using a differ...
10/06/2009
MBS prices are down -3/32 (FNMA 30-yr 4.5 at 101.62), below the initial price level at unchanged. MBS prices held in a narrow range for the entire session. No economic data came out today. Demand was a little stronger than average for the 3-yr Treasury auction. The bid-to-cover ratio was 2.76 and...
10/06/2009
MBS prices are up 1/32 (FNMA 30-yr 4.5 at 101.72), below the initial price level at +3/32, and near the low for the day. MBS prices held in a range for the entire session. September ISM Services came in at 50.9, above the consensus forecast of 50.0. It was the first reading above 50 since Septemb...
10/05/2009
This week will be a very light week for economic data, and Treasury auctions may have a greater influence on mortgage rates. The ISM Services index will be released on Monday, and the Trade Balance will come out on Friday. Tuesday, Wednesday, and Thursday will offer $71B in auctions of 3-yr, 10-y...
10/05/2009
Several Fed officials delivered speeches during the week. What emerged was a good amount of disagreement over how soon they expect to need to tighten monetary policy. Some officials expressed concern that the time to begin to remove stimulus is close, while others see it as much farther down the ...
10/02/2009
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The Employment report, the biggest economic report of the month, was a little weaker than expected. Against a consensus forecast of -175K, the economy lost -263K jobs in September, and the revisions to prior months were negative as well. The Unemployment Rate was 9.8%, the highest level since Jun...
10/02/2009
MBS prices are down -3/32 (FNMA 30-yr 4.5 at 101.66), below the initial price level at +5/32, and at the low for the day. The Employment report came in weaker than expected, and MBS markets initially rallied on the news. Profit taking then pushed MBS prices lower for the rest of the session. The ...
10/02/2009
August Pending Home Sales rose for the seventh straight month, increasing 6% to the highest level since March 2007. According to the NAR, a higher percentage of contracts are failing to close than in the past. The Pending Home Sales index measures the number of contracts signed during the month. ...
10/01/2009
MBS prices are up +16/32 (FNMA 30-yr 4.5 at 101.75), above the initial price level at +6/32, and near the high for the day. A large decline in the stock market helped MBS markets. A wide range of mixed economic data had less impact. Most significant, the ISM manufacturing index fell a little shor...
10/01/2009
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