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

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2010 

Mortgage backed securities (MBS) closed down 9 basis points today closing at 99.97 just above support at 99.93.  The 4.5% coupon MBS bond attempted to break through resistance at 100.15 but just as it was yesterday they were turned back.  Stocks made a slight comeback from two days of down tradin...
04/08/2010
Bargains are still available for bottom feeders despite last week's jump in rates.  Conforming 30 year fixed rates are still available around the 5.125% mark and jumbo are still available under 6%.  Adjustable rate mortgages (ARMs) still offer some incredibly low rates.  As of today one bank was ...
04/07/2010
Mortgage backed securities (MBS) surprisingly closed up 56 basis points to at 100.06 having crashed through resistance at 99.93 and stopped just short of resistance at 100.15.  Funds flowed freely from stocks to bonds as stocks tumbled.  That combined with a strong turnout at today's 10 year Trea...
04/07/2010
Japanese candlesticks were imported from the orient, as the name implies, as a tool for traders to quickly assess the direction of markets.   The candlesticks are more usefull than traditional bar charts in that they show the relationship between the opening and closing price on a given day.  The...
04/06/2010
Mortgage backed securities (MBS) closed up 25 basis points at 99.50.  MBS bonds are floating precariously 132 basis points above support offered by the low of 8/7/09.  The Japanese candlestick charting shows a lack of direction in the market.  The Fed released it Open Market Committee minutes tod...
04/06/2010
Washington's new rash of regulatory mumbo-jumbo is taking a toll on the speed and efficiency of mortgage back rooms across the country.  The nation's forest's are cringing in anticipation of all the new disclosures and redisclosure.  The good faith estimate which used to be one page of informativ...
04/05/2010
Mortgage backed securities (MBS) closed down 22 basis points today at 99.25 marking the fifth consecutive day of declines since the Fed stopped buying MBS bonds.  Although many naysayers thought rates would remain in the upper 4s' and low 5s, 30 year fixed rates have already risen to 5.25% and ap...
04/05/2010
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Enjoy the Easter weekend, Passover and Spring in general.  Here is a preview of next week. It will be a light week for economic data next week.  Pending Home Sales, a leading indicator for the housing market, will come out on Monday. ISM Services will also be released on Monday. The FOMC Minutes ...
04/02/2010
Mortgage backed securities (MBS) closed down 34 basis points today at 99.47 continuing its four day slide.  Ever since the reality hit that the Fed was truly stopping it MBS bond purrchasing program, bonds have tumbled from 100.53 to the present level.  This setback represents an increase of .25%...
04/02/2010
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