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

ARCHIVED BLOG POSTS

2010 

After a strong week last week, with no economic reports due out today stocks took a siesta and the Dow coasted to a 19 point loss.  After Fed Chief Ben Benanke's interview on 60 Minutes last night, traders seemed to be digesting the impact of the new QE2 program.  Big Ben declared 100% confidence...
12/06/2010
Mortgage backed securities (MBS) closed up 69 basis points today at 101.28 having remained above support at the 200 day moving average and burst through a level of resistance at 101.09.  This may have been a signifcant move as the advance changed the stochastics from oversold.  Today's advance cu...
12/06/2010
Today's huge shortfall in new job creations may be playing right into the hands of Fed Chairman Ben Bernanke and his QE2 plan.  After all the good news in recent sessions, the increase in unemployment and the poor jobs report might make his unstated plan to keep the value of the dollar down in or...
12/03/2010
Mortgage backed securities closed up 16 basis points today at 100.59 after having climbed all the way up to resistance at the close of 12/1 and bounced down over 100 points.  At days end the bond managed to close just above the 200 day moving average.  The surprisingly low number of new jobs crea...
12/03/2010
Stocks advanced in triple digits for the second consecutive day for the first time since September today based on another bevy of positive economic news.  Goldman Sachs issued another positive report today this time on the condititon of the financial sector stocks.  The new s on the ongoing Euuro...
12/02/2010
Mortgage backed securities (MBS) closed even today at 100.44 having fallen through the 200 day moving average during a wild day with a 100 point trading range.  With the safe haven trade halted, at least temporarily, bonds lost the battle with stocks today and failed recoup any their recent losse...
12/02/2010
In a word, WOW!  As bonds tumbled stocks, roared today with the Dow advancing 245 points.  A myriad of positive events happened in concert today causing equity traders to experience euphoria.  The day opened with news of improved productivity in Chinese manufacturing and word that the Europeans w...
12/01/2010
Mortgage backed securities (MBS) closed down a whopping 128 basis points today finally coming to rest at the lowly level of 97.03, having crashed through two levels of support on the way to the basement.  The downward movement was so severe that the charted coupon is changing from 3.5% to 4.0%.  ...
12/01/2010
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