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



Mortgage backed securities (MBS) closed down 3 basis points today at 101.50 after a wild ride up and down throughout the day.  They began the day down 50 basis points went up 100 basis points in the afternoon and wound up down just the 3 basis points.  Stocks sold off again today keeping MBS bond...
Global concerns about the bailout package for Greece not being sufficient to keep them out of bankruptcy, growing strikes and violence and a general malaise in European confidence caused U.S. markets to sell off this afternoon.  After trading off a little more than 100 points for most of the day,...
Wow!  Mortgage backed securities closed up 44 basis points today after one of the most wild rides in history.  As dollars raged out of the plummeting stock market, MBS bonds rocketed from a 101.03 open to a high at 102.59 for total daily range of 156 basis points.  Normally that would equate to ....
Jumbo lenders are becoming more plentiful in the market place and the increase in supply, as one would assume, is pushing down the pricing.  A 5/1 ARM fixed for five years which was available for 4.75% a week ago can now be found at just 4.375% for up to $2,000,000.  This respresents quite a savi...
Mortgage backed securities (MBS) closed up 19 basis points today at 101.12 a whopping 187 basis points above the close on April 5th right after the Fed stopped it MBS bond purchaaing program.  This represents the highest close since March 8th.  The monetary crisis in Greece and other southern Eur...
Tame inflation readings from the Fed's favorite inflation indicator kept MBS bonds from selling off more that they did today.  Unlike the consurmer price index which features a fixed bag of items each month, the Fed prefers the measure of the Personal Consumption Index (PCE).  The PCE takes into ...
Mortgage backed securities (MBS) closed down 19 basis points today at 100.66 exactly at support at the 200 day moving average.  Improving economic news combined with tame inflation kept MBS bonds from falling below the major support levels today.  Greece was in the news again today as both the in...

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