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

ARCHIVED BLOG POSTS

2011 

Stocks were allover the lot today as traders wait to see if any meaningful actions will come from tomorrow's summit of European financial leaders.  One rumor heard late in the trading day was that the IMF was going to create a $600 billion lending operation to assist the European Union.  Moments ...
12/07/2011
Mortgage backed securities (MBS) closed up 22 basis points today at 202.34 today having bounced up touch resistance at 202.56 today before falling back at the close.  With no economic reports due out today, traders reacted to comments by a German official that deemed tomorrow's financial talks in...
12/07/2011
Stock traders were hopeful this morning that the saber rattling from Standard & Poors yesterday might actually elicit a good useful plan in solidifying the Eurpean debt crisis.  Stocks opened with modest gains in a light trading environment after futures failed to identify a probable course for t...
12/06/2011
Mortgage backed securities (MBS) closed up 9 basis points at 102.16 having made back yesterday's slight loss and remained above the support offered by the 25 and 50 day moving averages.  With no economic reports coming out today, MBS traders focused on the Standard and Poors threat to down grade ...
12/06/2011
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Here is a rent vs buy comparison.   I hope you find it useful.   Every once in a while it is wise to briefly re-visit the age old question, “Is it better to rent or to buy?”  Having just experienced a significant correction in housing prices, now is a good time to compare.  On the surface there a...
12/06/2011
Mortgage backed securities (MBS) closed down 9 basis points today at 102.06 having remained once again above the double layer of support offered by the 25 and 50 day moving averages.  MBS bonds have been stuck in a very tight range for weeks now as interstitial good and bad news flows throughout ...
12/06/2011
Stocks opened higher this morning in reaction to German Chancellor Merkel's comments about a streghtening Euro.  She announced that the European Central Bank would lend money to the IMF.  The jobs report came in on target with 140,000 private sector jobs created and suspiciously the unemployment ...
12/02/2011
Mortgage backed securities (MBS) closed up 28 basis points today at 102.19 having solidified their position above support offered by the 25 and 50 day moving averages.  Bonds opened somewhat soft this morning in reaction to what on the surface appeared to be a good jobs report.  During the day, h...
12/02/2011
After yesterday's huge gains, no one knew quite what to expect in equity markets today.  The early futures read supported that uncertainty as it was neutral.  The number of new unemployment claims was slightly higher than expected and was over the important 400,000. level but analysts were quick ...
12/01/2011
Yesterday's stock market results were so good that theyturned Nvember from what had been a real dog of a month into a gainer.  That is correct.  After a month of incessant reports of doom and gloom from about he globe, yesterday's almost 500 point gain for the Dow was enough to give November a ne...
12/01/2011
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