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

ARCHIVED BLOG POSTS

2012 

I hope you enjoy my New Year poem below.     Wonder and amazement abound   Through the air rushes the sound   Church bells ring for all to hear   As heralds of the coming new year       What will it bring, this new year to come?   Will it bring joy for everyone?   Will conflict around the earth c...
12/31/2012
Mortgage backed securities (MBS) closed up 9 basis points today at 104.69 having come within 2 and 4 basis points of the 50 and 25 day moving averages respectively during the day prior to coming to a close slightly below.  At this time of year many traders are taking time off to be with their fam...
12/26/2012
Mortgage backed securities (MBS) closed up 12 basis points today at 104.56 having risen to within a few basis points of the 25  and 5o day moving averages above prior to falling back about 25 points before the close.  The rancorous goings-on in Washington caused a major sell-off in stocks today. ...
12/21/2012
Stock futures opened the day pretty much flat as traders were waiting to see if there was any word on the fiscal cliff  negotiations.  Estimates of the 3rd quarter GDP rose an unexpected 3.1% while initial jobless claims rose slightly.  The four week average of claims was lower, however.  The Phi...
12/20/2012
Mortgage backed securities (MBS) closed up 6 basis points today at 104.44 having slightly increased its hold above the important support level offered by the 100 day moving average.  bond trading volume was low today but some technical issues helped MBS bonds trade higher until a late day stock r...
12/20/2012
Mortgage backed securities (MBS) closed up 16 basis points today at 104.38 having broken through the 100 day moving average which it had fallen below earlier this week.  both the 100 day average and the level at 104.06 are critical points above which bonds must remain in order to stay in their up...
12/19/2012
Mortgage backed securities (MBS) closed down 28 basis points today at 104.41 having remained below the difficult double resistance level offered by the 25 and 50 day moving averages.  A look at the Japanese candlestick chart shows us that MBS bonds have fallen to the lower end of their recent tra...
12/17/2012
Stock futures pointed upward early this morning in reaction to some good economic news from China.  A few Fed talking heads expressed their concern about the enormous volume of Treasuries and MBS bonds ($85 billion) the Fed has committed to buying each month.  Despite the massive buying, inflatio...
12/14/2012
Mortgage backed securities (MBS) closed up 12 basis points today at 104.69 having come within 30 basis points of the dual resistance offered by the 25 and 50 moving average.  There was a tight trading range today and fixed income markets move slightly ahead as 10 year Treasuries were up 25 basis ...
12/14/2012
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The dictionary defines negotiation as follow:  "Negotiation is a dialogue between two or more people or parties, intended to reach an understanding, resolve point of difference, or gain advantage in outcome of dialogue, to produce an agreement upon courses of action, to bargain for individual or ...
12/13/2012
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