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

ARCHIVED BLOG POSTS

2010 

Stocks had reason to advance today ending five consecutive day on the down side.  Dow components Home Depot and Wal Mart released strong earnings reports today indicating that consumers are upfitting and refurbishing their home and yards.  Additional good stock friendly news came from improved In...
08/17/2010
Mortgage backed securities (MBS) closed down 22 basis points today at 100.41 coming to rest just below resistance at 100.53.  If the price level looks wrong, it is because we made the switch to the 3.5% coupon today.  The Japanese candlestick charting shows a bearish indicator called a Bearish Ev...
08/17/2010
 As you may have heard the Fed released a statement Tuesday at the close of its Open Market Committee meeting.  While everyone expected them to keep rates at the same low levels, there was speculation about whether they would take steps to keep the economy moving.  There was one rumor that they w...
08/16/2010
Mortgage backed securities (MBS) closed up 25 basis points coming to rest at 102.81 wedged between the two elements which began the day as double resistance.  After trading lower much of the day, MBS bonds surged toward the close confirming the need to change to the 3.5% coupon which I wrote abou...
08/16/2010
Deflation - The "D" word has become part of every economist's vocabulary of late.  In short deflation is a reduction in the price level of goods.  It has the effect of reducing the real value of money.  It is caused by a fall in demand.  Because prices are falling, consumers delay purchasing wait...
08/13/2010
Mortgage backed securities (MBS) closed up 31  basis points today clsing at 102.69 once again in that rarified air of all time high closings.  Although retail sales rose for the first time in three months, MBS bonds, which normally retreat at the face of good news, advanced boldly.  As expected, ...
08/13/2010
After yesterday's huge selloff, stocks were hit with more bad news this morning.  Early on it was reported that new jobless claims increased by 2,000 from the week before and exceeded the anticipated  number by 19,000 jobs.  To add insult to injury foreclosures rose 4% from June to July and worri...
08/12/2010
Mortgage backed securities (MBS) closed down 44 basis points today closing at 102.38 below the double resistance of the recent high closes and 35 basis points above support offered by the 25 day moving average.  Tomorrow is a day with some economic reports.  The Consumber Price Index, Consumer Se...
08/12/2010
After yesterday's easing of losses yesterday on word that the Fed would be using proceeds from the sale of its mortgage backed security holdings to buy long term Treasury securities, today was a different story.  Traders had time overnight to realize that this was a confirmaton of the fact that t...
08/11/2010
Mortgage backed securities (MBS) closed up 28 basis points reaching the exalted level of 102.81.  The MBS bond is so high that we are switching from the 4.0% coupon to the 3.5% coupon on our market observation platform.  Remember that when a mortgage is sold to Wall Street and made into a bond (s...
08/11/2010
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Jeff Jensen

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