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

ARCHIVED BLOG POSTS

2012 

Stocks were buoyed today by a snappy increase in retail sales and a strong earnings report from Citigroup.  The once beleaguered giant bank has steadied its performance as have many of our country financial monoliths.  Stocks, which were hoping to recuperate from last week's string of losses turn...
10/15/2012
Mortgage backed securities (MBS) closed down 16 basis points today 105.06 having remained 15 basis points above support offered by the 25 day moving average and still in the safety zone below the highs of all time.  Money flew out of bonds today and into equities as the earnings season begins in ...
10/15/2012
Stocks closed mixed today just barely averting five consecutive losing sessions in just one of the three major U.S. markets.  Despite the best Consumer Sentiment numbers in five years and a tame report on consumer inflation, equity markets continued to be saddled with uncertainty over the likelih...
10/12/2012
Mortgage backed securities (MBS) closed down 6 basis points today at 105.22 having remained safely above support offered by the 25 day moving average and below the record levels set in recent weeks.  These wonderul levels have allowed jumbo buyers to finance their lofty purchases with 30 year fix...
10/12/2012
Stock futures painted a promising picture this morning as the beginning of the earnings reporting season for major comanies arrived.  Alcoa was first out as they are alphabetically and they showed improved earnings over last quarter.  That was followed by a reduction in the number of initial jobl...
10/11/2012
Mortgage backed securities (MBS) closed up 6 basis points today at 105.25 having remained in safe zone above support offered by the 25 day moving average and below the highs of all time.  Aftere the initial effect of the Fed purchasing massive amount of MBS bonds, the market has leveled off and i...
10/11/2012
This morning's jobs report and the mistifying reduction the unemployment rate had stocks moving ahead strongly in early trading.  With only 114,000 new jobs created logic would tell us that the unemployment rate would have increased or at best remained even.  Because they are figured using differ...
10/05/2012
Mortgage backed securities (MBS) closed down 28 basis points today at 105.06 having closed near their lowest level of the day.  Wednesday's double top Japanese candlestick formation portended a downward trend in the market and sure in enought it was followed by two large red candlesticks reflecti...
10/05/2012
Stocks edged slightly higher today in reaction to a strong jobs number releaseed by the sometimes suspect ADP assessment of new jobs created during September.  Stock futures pointed higher in anticipation of 133,000 new jobs and ADP announced 162,00 and adjusted August numbers somewhat lower.  Wi...
10/03/2012
Mortgage backed securities (MBS) closed down 12 basis points today after their amazing rise in recent days to truly uncharted levels.  today's close at 105.78 was the third highest of all time and just 18 basis points below the record high set just last week.  It seems the Fed's QE++ is achieving...
10/03/2012
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