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

ARCHIVED BLOG POSTS

2011 

With no economic reporting due out today and stocks futures opening flat, it was difficult early on to identify what direction stocks would take.  So what sparked the market into an early advance but a bug.  That's right positive earnings showing a 44% increase in profit allowed Caterpillar to le...
10/24/2011
Mortgage backed securities (MBS) closed down 3 basis points today at 100.91 having dropped down to within 10 basis points of testing support offered by the low of September 16 prior to popping back up and closing near the high of the day.  With the impending announcement from Europe not coming un...
10/24/2011
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Stock traders reacted to further word from France and Germany that this weekend's conference may yield positive results in the ongoing effort to keep the European Union together and forestall defaults from Greece and other member nations.  The Philadelphia Fed Index came out with a positive resul...
10/21/2011
Mortgage backed securities (MBS) closed down 19 basis points today at 100.97 having remained in gap between resistance at the 50 day moving average and the support at the close of 9/16.  MBS bonds reacted slighty to an improved Philadelphia Fed Index know a harbinger of productivity to come.  Thi...
10/21/2011
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As much as we all like the beach in summer and the beautiful white scenes of ancient colonials covered with snow in winter, fall in New England is a celebration of nature.  As the crisp evenings squeeze the leaves into metamorphisis, the autumnal orchestra of color unfolds and nature's beauty abo...
10/20/2011
We left the cool comforts of New England today to drive from Connecticut to my alma mater at the College of William and Mary in Williamsburg Virginia.  This week is homecoming weekend and we are looking forward to a visit to see how much the campus has changed since our last visit.  We have arran...
10/20/2011
Stock futures opened the day looking for direction.  While Apple surprised markets showing lower than expected earnings, Morgan Stanley, which had been called troubled by recent assessments, reported better than expecrted earnings.  Then came housing starts with a 15% improvement and stocks began...
10/19/2011
Mortgage backed securities (MBS) closed even today at 101.16 having remained in a range below resistance offered by the 50 day moving average and above support offered by the close of 9/16.  Logically, with no movement, the closing candle does not help much in attempting to determine a trend.  Al...
10/19/2011
Mortage backed securities (MBS) closed down 6 basis points today at 101.16 having bounced up to nearly touch resistance offered by the 50 day moving average prior to succombing to some hot inflation news.  The Producer Price Index (PPI) provides a measure of inflation at the producer level.  The ...
10/18/2011
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Stocks began the day reeling as rumors swirled that Moodys rating service might be about to downgrade France's debt.  Compound that with bad earnings reports from IBM and Bank of America and the Dow was down over 100 points.  An unlikely report came to the rescue, however, as the Nntional Associa...
10/18/2011
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