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

ARCHIVED BLOG POSTS

2011 

Mortgage backed securities (MBS) closed up 12 basis points today at 102.00 having closed above resitance previously provided by the falling trend line.  With MBS bonds 80% overbought, it is hard to see them going much higher.  That having been said it seems as if the "safe haven" trade will trump...
11/22/2011
As the government issued its news downgrading the progress for the 3rd quarter GDP from 2.5% to 2.0%, the wailing and gnashing of teeth on Wall Street could already be heard this morning.  Word that the International Monetary Fund had commited funds to assist Europe in dealing with its monetary c...
11/22/2011
Woe was everywhere in and around Wall Street today, the protestors not withstanding.  Not only were European markets nervous about their own debt issues, but now they had to worry about our debt problems and our vast inability to make any more progress that the Greeks.  To think that twelve duly ...
11/21/2011
Mortgage backed securities (MBS) closed up 22 basis points today at 101.88 having once again broken through resistance posed by the 50 day moving averange and come to rest just below the falling trendline.  With uncertainty rampant from just about any Eurpoean country you wish to select, the safe...
11/21/2011
Stock futures pointed toward an improved climate for traders after stiff losses earlier in the week.  Before the market opened good news came in from Boeing as they landed their largest commercial order ever from Lion Air in Indonesia.  Stocks began to build on some profit taking and bargain hunt...
11/18/2011
Mortgage backed securities (MBS) closed down 22 basis points today at 101.62 having once again fallen below support offered by the 50 day moving average and remained just above the 25 day moving average.  There was no new economic reporting today and the news on the European front was surprisingl...
11/18/2011
Stock futures pointed downward early this morniing and, despite some good economic news stocks, fell throughout the day.  Weekly new unemployment claims were down again this week pushing to the lowest levels seen since April, seven long months ago.  Although housing starts were off slightly, hous...
11/17/2011
Mortgage backed securities (MBS) closed up 12 basis points today at 101.84 having managed to break through resistance offered by the 50 day moving average and settled in just below resistance at the falling trend line.  "Safe haven" trading continued today as the debt worry flavors of the day wer...
11/17/2011
With a number of economic reports due out today, stock futures opened slightly lower.  The retailer Traget showed better than expected levels of profit and the Consumer Price Index came in down .1% versus the increase of .2% that was expected.  This good news was not nearly enough to overcome the...
11/16/2011
Mortrgage backed securities (MBS) closed up 6 basis points today at 101.72 having tested resistance offered by the 50 day moving average prior to closing just below it and just above the 25 day moving average.  Despite additional "safe Haven" trading today, MBS bonds were not able to complete a b...
11/16/2011
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Jeff Jensen

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