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

ARCHIVED BLOG POSTS

2010 

The global news released over the weekend of the proposed E.U. bailout of Ireland was not met with favor on American shores.  The bailout which was touted to be around 70 billion had ballooned to $95 million by this morning's open of equity markets in New York.  While these events riled Wall Stre...
11/22/2010
Mortgage backed securities (MBS) closed up 34 basis points today at 98.53 having drifted upward from support and inched closer to resistance at the 200 day moving average above.  With no economic reports due out today, MBS bonds improved early on as money came from stocks once again seeking safe ...
11/22/2010
The passion and severity of the week's previous days did not crossover into today's trading.  Although the Dow was down 50 points this morning, there was none of the panic we saw earlier.  Instead the Dow coasted to a 22 point gain.  Oil closed at 81. per barrel.  Next week markets will be closed...
11/19/2010
Mortgage backed securities (MBS) closed down 12 basis points today closing at 98.19 having for the first time in many trading sessions done not much of anything.  With a dearth of exciting news traders slipped into their pre-holiday weekend mode and as a result bonds traded in a 31 basis point ra...
11/19/2010
After three recent setbacks, stocks were off to the  races agaain today.  An agreement among banks in the European union to shore up Ireland's banking system was just the good news traders had been seeking.  That combined with great news pointing toward improved future industrial production prove...
11/18/2010
Mortgage backed securities (MBS) closed down 41 basis points today closing at 98.31 having broken through support at 97.97 before passing above it again.  The candlestick shows that the bond closed at its high for the day which bodes well for tomorrow's trading.  A much better than expected Phila...
11/18/2010
Stock futures pointed higher hoping for some relief from yesterday's debacle.  Stocks opened flat with poor reports on housing starts and a flat core Consumer Price Index number to consider.  Oil flowed all the way down to $80. per barrel after having been as high as $88. just a week or so ago.  ...
11/17/2010
Mortgage backed securities (MBS) closed up 16 basis points today closing at 98.72 having crossed through tough resistance at the 200 day moving average before falling into the negative and then rallying near the close.  A bond friendly consumer price index reading of just a .2% increase in inflat...
11/17/2010
Unlike bonds, stocks were pummeled today as future opened the morning in a foul mood with rumors in the air about banking problems in Ireland and Italy and Spain.  More talk of Chinese inflation further exascerbated the mix.  The Dow was down over 220 points today as the dollar rallied pushing co...
11/16/2010
Mortgage backed securities (MBS) closed up 44 basis points closing at 98.56, having finally advanced after 6 days of selloffs, they came to rest just 34 basis points below the 200 day moving average.  The resultant candle stick is called a Doji.  It is actually the physical reverse of the yesterd...
11/16/2010
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