Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2010 

Banks continue to adjust their underwriting guidlines to ensure that their loans do not become foreclosure statistics in the future.  In the wake of banks being subpoenaed for having high failiure rates on their FHA loans, national and local banks have tightened their practices.  Under particular...
01/13/2010
Mortgage backed securities (MBS) closed down 34 basis points at 100.19 today around 40 basis points below double resistance offered by the 25 and 200 day moving averages.  The market opened slightly down in anticipation of today's Treasury auction.  The closer we got to the 1 PM announcement of t...
01/13/2010
Although the week began with almost no economic reporting, the pace quickens as we get deeper into the week.  Today the balance of trade numbers came in just slightly worse than expected.  Wednesday the Fed's Beige will come out.  Thursday the high impact reports will include retail sales with an...
01/12/2010
Mortgage backed securities (MBS) closed up 53 basis points today closing just a few basis points below a tough double resistance formed by the 25 and 50 day moving averages.  A poor showing by equities allowed MBS bonds to push forward again today.  The Dow closed down 36 points, the tech heavy N...
01/12/2010
Managing your credit is one of the most important activites in your economic life.  An item as simple as your credit limits on your credit cards can have a huge affect on your credit scores.  I had a client today who in his entire 10 year credit history had been late on only one payment and that ...
01/11/2010
Mortgage backed securities (MBS) closed up 25 basis points today at 100.34 just 31 basis points below the 25 day  moving average at 100.65.  With no economic reporting today, MBS markets reacted to an adequate result from a Treasury 10 year TIPS auction and comments from various Fed speakers.  Th...
01/11/2010
The dollar moved into positive ground today recording gains against both the British pound and the Euro.  Since commodities like oil and gold are traded in dollars, the rising dollar caused oil to end its string of improvements over the last week and gold futures followed suit.  The demand for oi...
01/07/2010
Mortgage backed securities (MBS) closed down 25 basis points today at 100.12 sliding further below resistance at the 200 day moving average and sitting directly on the support level at the close.  The Fed's announcement that it would auction $44 billion in new Treasuries next week caused the mark...
01/07/2010
The minutes from the Fed's December meeting were released today and confirmed that they intend to keep following the accommodative practices of keeping the Fed rate low.  This practice allows banks to borrow at lower rate in hopes that business and consumers find it cheaper to purchase the produc...
01/06/2010
Mortgage backed securities (MBS) closed down 25 basis points today at 100.38 a full 33 basis points below the 200 day moving average and above resistance at 99.75.  MBS bonds took a run up to the 200 day moving average but pedictably bounced back downward.  The ISM services report inched into the...
01/06/2010
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