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

ARCHIVED BLOG POSTS

2011 

Stocks took some notice of the ADP jos report in hopes that it was somewhat accurate and meant that there is still positive  movement in the economy.  The Chicago Puchasing Manager's Index which measures their gearing up for future production, although not great, did exceed expectations.  Althoug...
08/31/2011
Mortgage backed securities (MBS) close down 34 basis points today at 100.59 having managed to remain above support just 9 basis points below.  MBS Traders sold off today consolidating their gains for the month and firming up their balance sheets.  The frequently suspect ADP jobs report was releaa...
08/31/2011
After nearly an 8% gain in stock indices in recent days, stock futures pointed downward this morning.  The Case Shiller report indicated that home prices increased about 1% during July and further revealed that advances had occured in 19 of the 20 major markets.  On the flip side, house prices ar...
08/30/2011
Mortgage backed securities (MBS) closed up 34 basis points today at 100.94 having remained in a large open area between support and resistance.  Word from the Fed indicates that they were concerned enough about the downgrading of our S&P rating to meet about the situation in early August.  They a...
08/30/2011
Stocks enjoyed a solid day of advances as pre-opening news came from Greece that two major banks there had merged as part of measures to solilfy their finances.  Combine that with news from Washington that consumer spending in this country was higher than expected and a modest rally was on its wa...
08/29/2011
Mortgage backed securities (MBS) closed down 22 basis points today at 100.56 having barely kept above suppport at 100.50 after having fallen through it during the trading session.  As I am sure you are aware, inflation is the arch enemy of bonds and Treasuries.  As costs go up, the value of any f...
08/29/2011
Today was a long day of waiting and uncertainty.  Stocks dipped into extremely low territory this morning as traders were wrenched by the uncertainty of what Ben Benanke would say in his speech today.  As the speech began, stocks began inching up the ladder from the 200 point hole into which they...
08/26/2011
Mortgage backed securities (MBS) closed even at 100.78 after having been up just about all day long.  MBS bonds traded in a 68 point range and came to rest just 3 basis points above the low of the day.  The long upward wick in the Japanese candlestick will likely foreshadow a continuing losing tr...
08/26/2011
Stocks saw an end come to their three day winning streak today with a big thud.  Today was a confusing day for traders as news came out that Warren Buffet of Berkshire Hathaway invested $5 billion in Bank of America.  Initially this was viewed as a positive but as the day went on, traders were no...
08/25/2011
Mortgage backed securities (MBS) closed up 34 basis points today at 100.78 having crossed back above resistance at 100.50 and remained above it.  Today's trading left the Japanese candlestick chart in a partial Bullish Piercing Pattern.  Unlike the Double Top pattern previously discussed, this pa...
08/25/2011
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