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

ARCHIVED BLOG POSTS

2011 

Stocks continued their upward trend today as earninigs from Oracle set a sunny beginning for stock traders.  Shortly thereafter an upward revision for the 4th quarter GDP showed that is was up 3.1% above the previous 2.8% and expectationss of 2.9%.  The Fed continued its QE2 purchasing by acquiri...
03/25/2011
Mortgage backed securities (MBS) closed down 19 basis points today having fallen below the  25 day moving average for the first time in weeks.  If unable to climb back above the 50 and 25 day moving averages, this could be a bad sign for MBS bonds and interest rates.  With the 30 year fixed alrea...
03/25/2011
Eurozone woes reappeared this morning as the Portuguese Parliament failed to pass the austerity measure designed to bring their debt closer to a manageable level.  That and a poor report on new housing sales set stock off to a poor start.  As the Fed continued its QE2 program, however, money flow...
03/23/2011
Mortgage backed securities (MBS) closed down 6 basis points today at 98.78 still floating above the 50 day moving average some 35 bps below.  Supply and demand played their roles out across the globe today.  The damage in Japan has been estimated at $300 billion which caused additional concern th...
03/23/2011
Stock futures pointed to a flat market this morning.  With some degree of easing in the tense battle to cool the Japanese reactors, the sense of desperation diminished slightly.  At the same time,in the face  of rising tension in oil producer Yemen, oil prices jumped higher today.  A disappointin...
03/22/2011
Mortgage backed securities (MBS) closed down 12 basis points today having slipped down closer to support offered by the 50 day moving average another 44 basis points below.  Inflation in the United Kingdom spiked up above 4% at the last reading and that is above their tolerance level.  Whenever i...
03/22/2011
News of improvement in the Japanese nuclear crisis came early this morning causing stock futures to leap forward in the first trading session of Spring.  Additionally AT&T acquired T Mobile.  When mergers and acquisitions start to take place, it reflect and improvement in the sentiment on Wall St...
03/21/2011
Mortgage backed securities (MBS) closed down 34 basis points today at 98.97 after having drifted away from resistance offered by the January 31st close.  Barring additional "safe haven" trading, this price point could become a high water mark.  The Fed recently announced that they would begin sel...
03/21/2011
News of a cease fire offered by Libya's foreign minister provided stock traders with some early optimism this morning.  Although there was no specific goods news from Japan there was little talk of a meltdown either.  Stocks were up over 100 points during the day before sliding to the close with ...
03/18/2011
Mortgage backed securities (MBS) closed down 3 points today at 99.31 just 3 points below the resistance offered by the high of January 31st.  With no economic reports to influence traders, news of a cease fire in Libya caused MBS bonds to sell off early but news of some continued fighting kept th...
03/18/2011
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