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

ARCHIVED BLOG POSTS

2012 

ADP came out with its job creation numbers today citing 216,000 new hires.  As we have seen, their numbers have been suspect in the past.  They were pretty close last month though, so perhaps their methodolgy is improving.  The good news set the trend for the day as stocks made back around half o...
03/07/2012
Mortgage backed securities (MBS) closed down 12 basis points today at 103.53 having come to rest precisely at support offered by the 25 day moving average.  MBS bonds have been struggling to find their direction in recent days.  this could continue later this week as traders prepare for Friday's ...
03/07/2012
Yesterday's news about China's roll back in exports was compoiunded today with more fear about Greece and the concern that they are still in jeopardy of defaulting on their debt.  Along with that came talk of them leaiving the Euro.  That may wind up being what happens.  All this uncertainty abou...
03/06/2012
Mortgage Backed Securities (MBS) closed up 22 basis points today at 103.62 having once again crahsed through resistance offered by the 25 day average.  Although on the surface this appears to be good news, MBS bonds actually closed lower than they opened.  This created a long thing Japanese candl...
03/06/2012
Stock options opened lower this morning and that did indeed set the trend for the better part of the day.  Europeans reported slower than expected economic progress and our Chinese brethren reflected simlar shrinkage.  On the good news side, the Institute for Supply Management's Index of industri...
03/05/2012
Mortgage backed securities (MBS) closed down 6 basis points today at 103.41 having remained wedged between resistance offered by the 25 day moving average and support at the 50 day moving average.  Reading the Japanese candle for today tells us that the market has no clear path ahead.  A move in ...
03/05/2012
Stock futures pointed upward this morning at exhanges failed to close above resistance levels yesterday.  A favorable read on intitial jobless claims saw the moving average at a four year low.  Automotive stocks reported today and Chrysler led the way with a 44% improvement in sales.  Ford and GM...
03/01/2012
Mortgage backed securities (MBS) closed down 16 basis points at 103.22 having fallen down an additional 31 basis points prior to staging a miraculous recovery and having managed to close above support at the 50 day moving average once again.  If MBS bonds had closed below support it would have be...
03/01/2012
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