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

ARCHIVED BLOG POSTS

2011 

With the dollar gaining huge amounts of ground against the Euro, stcoks that do a lot of exporting to the European Union sold off heavliy today.  Although many of the stocks in the Dow advanced, Caterpillar which has a great amount of global exports contributing to its bottom line, sold off heavi...
12/14/2011
Mortgage backed securities (MBS) closed up 9 basis points today at 102.44 still remaining wedged between double resistance now just above and the solid double support offered by the 25 and 50 day moving averages.  The Euro sold off to its lowest level against the dollor in over a year as the "saf...
12/14/2011
Stocks, which were already reeling from the continued uncedrtainty over the European debt crisis, were hoping for good news to come out of the Fed meeting today.  Fed chief Ben Benanke has always kept the possbiiity open for a new round of Quantitative Easing.  But when the Fed ended its meeting ...
12/14/2011
Mortgage backed securities (MBS) closed up 28 basis points today at 102 .34 having remained in the tight space between two levels of resistance above and the long standing double support offered by the 25 and 50 day moving averages.  More uncertainty and anguish coming from our friends across the...
12/14/2011
Mortgage backed securities (MBS) closed up 9 basis points today at 102.06 having once again remained above the stalwart support offered by the 25 and 50 day moving averages.  After Friday's activities created a hiatus in the "safe haven" trading, it was back today with a vengeance.  Money flowed ...
12/12/2011
After pondering last Friday's new European watchdog legislation over the weekend, traders decided that it did not merit the 186 point gain in the Dow that it was awarded.  Their thought reversal brought stocks down early and often.  At one point during the day stocks were off as much as 250 point...
12/12/2011
After yesterday's dismal losses, stock futures pointed to a brighter outlook this morning.  News that parts of a deal to shore up Europes splintering economies had been formulated was welcomed by traders early in the session.  The Consumer Sentiment figures came in with a rosy swagger improving t...
12/09/2011
Mortgage backed securities (MBS) closed down 34 basis points today at 101.97 having come to rest just above double support offered by the 25 and 50 day moving averages.  MBS bonds have enjoyed a nice streak of remaining above this strong support level every day since Halloween.  After being suppo...
12/09/2011
Fears of the European Financial Summit being a dud were rampant in equity markets today, as speculation and uncertainty were more predominant that any actual facts.  Proposals and comments have ebbed and flowed but belief that a curative solution to Europe's grave debt problems is on it way is no...
12/09/2011
Mortgage backed securities (MBS) closed up 3 basis points today at 102.31 having reached up to touch resistance for the third time in the last few days before coming to rest just under it and just above the double support offered by the 25 and 50 day moving averages.  MBS bonds once again were bu...
12/09/2011
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