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

ARCHIVED BLOG POSTS

2011 

After an extended losing streak stocks experienced their second consecutive day in the plus column.  Although today's gain paled before yesterday's stong advance, the positive results may begin a trend.  European finance ministers were meeting today to try to hammer out a stronger plan to shore u...
11/29/2011
Mortgage backed securities (MBS) closed up 10 basis points today at 101.94 having remained above the double support offered by the 25 and 50 day moving averages.  For the second consecutive day both bonds and stocks manged gains although today both were moderate.  Fed Presidnet Jane Yellen suggge...
11/29/2011
It seems the only black element of Black Friday was that the selling started at night.  Retailers report that sales were up 20% from last years weekend sales.  Positive about retails, as one would expect, sent stocks catapulting forward.  Combine that with much improved results from European mark...
11/28/2011
Mortgage backed securities (MBS) closed up 25 basis points today at 101.84 having once again risen through the double resitance offered by the 25 and 50 day moving averages.  Today was one of those unusual days during which both bonds and stocks traded in a positive direction.  Continued uncertai...
11/28/2011
When I arrived home from work on Wednesday, having fought through the brutal holiday eve traffic, my wife handed me an overnight envelope from Chase.  I have my mortgage with them and, since I always pay my mortgage on time, I wondered what on earth they had sent me.  As it turns out, there was a...
11/25/2011
Continuing uncertainty and disarray about Europe's debt problems and the capability of German banks and others to withstand the stress brought on by the smaller Euro economies caused stock futures here to point downward.  Upon the open however, stocks were able to move ahead slightly after the op...
11/25/2011
Mortgage backed securities(MBS) closed down 31 basis points today at 101.62 having fallen below support offered by the 50 day and 25 daymoving averages.  The next level of support below will be determined on Monday.  During today's holiday shortened trading session, any volatility was accentuated...
11/25/2011
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Thanksgiving     There are so many things to be thankful for Where might I begin? Little faces to adore And finally tucking them in   Little boys and little girls To perpetuate our race Simple toys and pretty curls And a smile on every face   Relatives of all shapes and sizes Available just when ...
11/25/2011
Despite good news on several fronts the bourses in Europe and stock markets here started off the day on bad footing once again.  Chinese manufacturing numbers were way off and Germany, which had been the stalwarrt of the European countries, experienced rising yields on its bonds.  Investors are c...
11/23/2011
Mortgage backed securities (MBS) closed down 6 basis points today at 101.94 having been able to remain just above support offered by the falling trendline below.  With many traders having left early for the holiday weekend, the market can be subject to wide swings as the volume of trades drops of...
11/23/2011
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