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

ARCHIVED BLOG POSTS

2012 

Stock futures were uncertain this morning and pointed to a fairly level start for equity markets here.  When markets opened, however, stocks were showing slight losses.  Consumer confidence here rose to the highest levels since April which was about 10% above expectations.  At the same time, afte...
07/31/2012
Mortgage backed securities (MBS) closed up 22 basis points today at 104.09 having remained well above the support offered by the 25 day moving average.  Housing prices in twenty targeted areas across the month were higher last month according to the Case/Shiller Index.  MBS traders played their p...
07/31/2012
Stocks paid homage to Mario Draghi today as he appeared to be following up on his comments from yesterday which sent equities charging upward.  In addition, our economy showed growth of 1.5% in the 2nd quarter.  While still pretty anemic, it was still higher that the 1.2% advance the street expec...
07/27/2012
Mortgage backed securities (MBS) closed down 56 basis points today at 103.44 having fallen through support at 103.68 and even through support offered by the 25 day monving average for the first time in weeks prior to closing just 11 basis points above it.  The sense of a real effort being made by...
07/27/2012
Prior to the opening this morning, ECB President Mario Draghi stated in no uncertain terms that he is determined to help member coutries with their debt and keep the European Union intact.  Combine that with a 36,000 drop in initial unemployment claims and stock traders become euphoric and stage ...
07/26/2012
Mortgage backed securities (MBS) closed down 18 basis poiints today at 104.00 having somehow remained near their all-time high despited aa bevy of global and local good news which sent stocks soaring.  The President of the European Central Bank, Mario Draghi, said today that he would do anything ...
07/26/2012
Stock futures, which were looking poor last night after the markets closed when it was learned that Apple had missed its earnings targets, actually opened higher this morning.  The good news came by the way of Boeing, Caterpillar and Ford, all giant manufacturers, that beat their earnings targets...
07/25/2012
Mortggage backed securities (MBS) close down 6 basis points today having finally fallen from the highest close ever but still remained in rarified air.  Stocks made some gains today as there was hope the plans being discussed to bail out Spain would come to fruition.  A $35 billion dollar auction...
07/25/2012
More drear news on the performance of major U.S. companies hit the news board today as Texas Instruments fell short of expected goals and shipping giant UPS not only reported both lower earnings and lower revenues but also lowered forecasts for the coming quarters.  We are starting to see first h...
07/24/2012
Mortgage backed securities (MBS) closed up 16 basis points today at 104.31 having once again set a new record close for the 3.0 coupon.  Also today we saw a 3.375% 30 year rate available with no points for the first time on a conforming loan.  Today's rise was not fully attributable to the "safe ...
07/24/2012
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