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

ARCHIVED BLOG POSTS

2012 

A decent auction of short term paper in Spain and increased confidence in Germany touched off a nice rally in stocks today.  With no major economic reports to measure, tomorrow investors may react to some lackluster earning reports.  IBM reported after the close that its sales were stuck in neutr...
04/17/2012
Mortgage backed securities (MBS) closed down 16 basis points today at 103.31 having remained in the channel above support offered by the 50 day moving average and below the all time record high.  As the stock market rocketed ahead today, bonds did well to lose so little ground.  We should all kee...
04/17/2012
After two nice triple digit gains, stocks did an about face today.  Fears about continued debt problems in the Eurozone and a steep reduction in Chinese production of goods, caused the market to sell off early.  Stock moderated their losses mid-session and then sold off into the close.  Consumer ...
04/13/2012
Mortgage backed securities (MBS) closed up 25 basis points today at 103.44 having remained above all the technical levels of support and inched ever closer to the all time high level less than 80 basis points above.  A slowing in China's economic prodution amounted to an 11% reduction from last m...
04/13/2012
After a difficult 5 day losing streak, stocks saw their seond consecutive double digit gains today.  Jsut at the beginning of the coroporate earnings season, financial stocks are looking strong.  Even with an increase in jobless claims, stocks moved ahead eyeing imporvements in the European bond ...
04/12/2012
Mortgtage backed securities (MBS) closed down three basis points today at 103.19 once again having remained just slightly above support offered by the 50 day moving average,  Inflation at the producer level remained under control as the Producer Price Index indicated this morning.  An increase fi...
04/12/2012
After a somewhat depressing slide over the past five days, U.S. stocks rebounded today after Alcoa started off the earnings reporting period with better than expected results.  At 2PM the Fed's Beige book was released.  The Beige book comments on all phases of the economy and demonstrated some si...
04/11/2012
MOrtgage backed securities (MBS) closed down 19 basis points today at 103.22 having remained just a scant 10 basis points avbove support offered by the 50 day moving average.  Yesterday's long green wick on the candlestick showed that the bond had closed well below its high.  In charting lore, th...
04/11/2012
Since the stock market was closed Firday in observance of Good Friday, traders had not had an opportunity to last week's nasty jobs report, until today that is.  It was easing to see the selloff coming.  Dow futures were down 100 points while S &P futures were down a whopping 15 points.  The reac...
04/09/2012
Mortgage backed securities (MBS) closed up 12 basis points today at 103.50 having closed above all technical support only 66 basis points below the all time highh level of 104.25. MBS bonds rose once again today still happlily riding on the coattails of Friday's surprisingly low job creation numb...
04/09/2012
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