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

ARCHIVED BLOG POSTS

2012 

Stock futures pointed upward yesterday as good news from European markets turned out to be a catalyst for an impressive run up in domestic stocks.  The summit of the European Union members churned out positive news on progress to control future sovereign debt issues.  At the same time there were ...
06/30/2012
Mortgage backed securities (MBS) closed down 15 points yesterday at 105.16 having remained 24 basis points above support offered by the 25 day moving average.  MBS bonds did well to lose so little ground yestereday as stocks surged ahead like a freight train.  A bevy of good news from Europe and ...
06/30/2012
Stocks had another good day today as durable orders rose a solid 1.1% which was over the .5% that the street expected.  Durable goods orders are fro those products that are expected to last over three years and a strong improvement like that is a very positive sign and portends well for future ma...
06/27/2012
Mortgage backed securiteis (MBS) closed up 6 basis points today at 105.09 having remained remained above support offered by the 25 day moving average only 28 basis points below.  MBS bonds did well to stay above water today as stocks had a nice solid gain.  As we know, stocks and bonds normally t...
06/27/2012
Mortgage backed securities (MBS) closed up 25 basis points today having once again nicely separated themselves from support offered by the 25 day moving average.  Stocks tumbled today as trader's spent the day pouting about the fact that the Fed had not given them the QE3 present they were hoping...
06/21/2012
The Fed's statement this afternoon was a disappointment.  Well sort of.  After working themselves into a frenzy believing that the Fed would announce a new round of acccommodative easing, long since dubbed QE3, the Fed instead announced that Operation Twist would be extended.  Operation Twist in...
06/20/2012
Mortgage backed securities (MBS) closed down 28 basis points today at 1.04.75 having fallen through support offered by the 25 day moving average prior to bouncing back above it at the close.  The bond now finds itself perilously perched barely above this important support level.  Althogh the Fed ...
06/20/2012
With all the doom and gloom talk about Italian and Spanish bond yields hitting new highs and all the concern about the Greek Prime Minister being able to form a new government, stocks have been rallying on the hopes that the Fed will take action here to stave off a recession here at home.  Tomorr...
06/19/2012
Mortgage backed securities (MBS) closed up 3 basis points today at 105.16 having remained once again above support offered by th 25 day moving average 46 basis points below.  Traders are reluctant to take positions in advance of the big news of the day tomorrow, the Fed statement.  In the past, w...
06/19/2012
With all the uncertainty lask week about the Greek elections, stocks did well to advance.  Now that huge threat of the anti-austerity party having a leadership postion in the government has been diminished, stocks circled around in a muddled malaise.  With Spanish bonds trading over 7% for the fi...
06/18/2012
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