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

ARCHIVED BLOG POSTS

2011 

Stocks achieved somthing they have not done since June today.  They not only had their fifth straight positive session but all five were in one week.  Consumer confidence numbers came in slightly hgher than expected this morning and improved over last month.  This sent stocks off on a positive no...
09/16/2011
Mortgage backed securities (MBS) closed up 6 basis points today at 101.06 having made a run at resistance offered by the 25 day moving average which it fell below yesterday.  The bond closed just 11 basis points short and near its high of the day which was a positive sign.  The next support level...
09/16/2011
Stocks surged today after the anticipated conference call between Germany's Merkel, France's Sarkozy and the Greek Finance Minister.  The call assured investors that Greece would indeed remain a member of the European Union and inferred that as such, it was not likely to default.  Taking a look a...
09/14/2011
Mortgage backed securities (MBS) closed up 9 basis points today at 101.41 having remained above support offered by the 25 day moving average.  As we have discussed in the past bonds and stocks normally move in opposite directions.  Today was an exception to that as the result of some unexpected e...
09/14/2011
Continued uncertainty about European debt markets kept stocks close to level throughout most of the day.  There was an announcement, however, that Germany's Merkel and France's Sarkozy would have a conference call with Greek's finance minister tomorrow.  Merkel also slipped out a hint that Greece...
09/13/2011
Mortgage backed securities (MBS) closed down 16 basis points today at 101.31 having dropped further away from resistance above and bounced off support offered by the 25 day moving average.  The 10 year Treasury auction did not go well and received a poor C minus grade.  As anticipated, demand for...
09/13/2011
Mercurial is understated as an adjective describing today's trading in equity markerts.  Talk about Greece defaulting on their debt, which many now consider inevitable, and talk of a downgrading in the ratings of some French bonds sent buyers fleeing for the doors this morning.  At one point the ...
09/12/2011
Mortgage backed securities (MBS) closed down 28 basis points today at 101.47 having sold off at the end of the day as global information swirled wildly sending markets in conflicting directions.  After a rough start worried about the $66 billion in new Treasuries being auctioned this week, MBS tr...
09/12/2011
Stocks gave back 40 percent of yesterday's gains as the Fed Chairman's words were less than comforting today with regard to any expansion.  With more that 400,000 new jobless claims matching up with no new jobs created, the outlook and the mood were dismal indeed.  Compound that with the uncertai...
09/08/2011
Mortgage backed securities (MBS) closed up 25 basis points today at 101.62 having once again made a run at resistance offered by the close of August 10 before settling just below it.  Fed Chairman Bernanke spoke today and left behind a message that any improvement in our economy would be very sli...
09/08/2011
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