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

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2012 

The last trading day of March saw stock futures looking for an advance.  Right out of the mark the Consumer Sentiment report came out with a nice looking improvement.  At the same time the Chicago PMI showed a slight pullback in plans tp purchase major goods.  Core producer inflation was tame and...
03/30/2012
Mortgage backed securities (MBS) closed dowb 19 basis points today at 102.72 having fallen thorugh support offered by the 25 day moving average and closed just one basis point below the 100 day moving average.  On a day when stocks made back some of their losses of late, MBS bonds struggled but c...
03/30/2012
Bad news from the Eurozone started the day with stock futures pointing downward.  Concerns about Greece, rioting in Spain and high yields on Italian and Spanish paper left traders selling their positiions this morning.  In addition, the GDP for the fourth quarter and 2011 as a whole missed expect...
03/29/2012
Mortgage backed securities (MBS) closed up 25 basis poiints today at 102.91 having shot above a tough two tier resistance offered by the 100 day and 25 day moving averages.  MBS bonds have been flirting with the 100 day moving average all week.  We will watch carefully to see if this level can be...
03/29/2012
Stocks, which skittered above and below the breakeven line througout the day, took a moderate nose dive just before the close.  The Case Schiller home index closed down for the 5th consecutive month and showed that home values were down 3.8% from this time last year.  At the same time consumer co...
03/27/2012
Mortgage backed securities (MBS) closed up 40 basis points today at 102.84 having crahsed through the formidable resistance offered by the 100 day moving average.  On March 14th bonds fell below the 100 day moving average and just 10 trading sessions later they managed a comeback.  The Treasury s...
03/27/2012
Stock OPtions pointed upward this morning as Fed head Bernanke was set to speak the National Association for Business Economics.  During his talk he spoke of the improvements in the jobs arena but went on to say that employment is still weak and that we need faster growth to achieve that.  He wen...
03/26/2012
Mortgage backed securities closed up 3 basis points today at 102.44 having inched slightly closer to the important resistance level at the 100 day moving average.  During a day when stocks were soaring, bonds managed to hold their own instead of retreating as would have been their normal reaction...
03/26/2012
Mortgage backed securities (MBS) closed up 22 basis points today at 102.41 having come to rest just 27 basis points below the 100 day moving average.  This represents a 75 basis point improvement from the lows of the week just a few days ago.  Today's tiny little red candle shows that MBS bonds t...
03/23/2012
Stock futures pointed lower this morning as reports filtered in from Europe and China showing weakening economic data.  Initial jobless clams were down 5,000 to a respectable 348,000 last week.  That reflected the best reaind in over four years dating back to February of 2008.  Fed spokesman Bull...
03/22/2012
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