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

ARCHIVED BLOG POSTS

2012 

Mortgage backed securities closed down a whopping 62 basis points today at 102.06 having fallen all the way down to support at the 102.04 before bouncing just barely above it.  The next level of support is over 100 basis points below.  Closing so close to their lows for the day was a bad sign and...
08/15/2012
Stocks opened higher this morning and kept climbing slowly thorugh most of the day before tailing off into the close.  A solid report on July retail sales had stock traders feeling good this morning although their pleasure was depicted more with a Mona Lisa like wry smile than an all out grin.  I...
08/14/2012
Mortgage backed securiteis (MBS) closed down 44 basis points today having remained below the 50 day moving average for a second consecutive day.  A much better than expected retail sales report this morning helped keep MBS bonds in their short term downward turn.  Producer price index numbers sho...
08/14/2012
Mortgage backed securities (MBS) closed up 9 basis points today after having opened down a gap which caused them to fall below the 50 day mvoing average.  China reported very week numbers reflecting their slowdown in international trade.  This had a negative effect on stocks and thus caused bonds...
08/10/2012
Mortgage backed securities (MBS) closed down 3 basis point today at 103.25 having remained above support offered by the 50 day moving average once again today.  During the session MBS bonds drifted down to and fell through the 50 day moving average before bouncing back up and closing aboVe it.  T...
08/09/2012
Stocks opened the day on the down side.  Some negative news from Germany and a poor showing for McDonalds stores during the last quarter weighed heavily on markets here.  Surpsingly both Fannie Mae and Freddie Mac actually made a profit during the second quarter.  Productivity of workers was up d...
08/08/2012
Mortgage backed securities (MBS) closed flat today at 103.28 having traded down to touch support at the 50 day moving average prior to bouncing back up to close 21 basis points above it.  The days trading range resulted in the creation of a High Wave candle on the Japanese candlestick chart.  Thi...
08/08/2012
Stocks followed yesterday's pattern of opening up, building a strong gain and then tailing off at the end of the day like a falling comet.  The "safe haven" trade continued to dissipate as stocks closed higher fof the fourth consecutive day.  Traders were encouraged by the fact that the European ...
08/07/2012
Mortgage backed securities (MBS) closed down 34 basis points today at 103.28 having once again fallen below the all important level of support offered by the 25 day moving average.  This morning there was a gap opening but the bonds only lost about 6 basis points in value after lenders priced for...
08/07/2012
Stocks were up for the second consecutive day today and managed to break a string of 9 losing Mondays in a row.  As summer marches on in a sweltering pattern of heat and drought, trading desks have fewer and fewer participants.  It seems August is vacation month for traders.  Known as "i feriali"...
08/06/2012
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