Jeff Jensen's Blog

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



Mortgage backed securities (MBS) closed down 25 basis points today having fallen down to support offered by the 25 day moving average prior to bouncing off it and then falling to a close three bps below it.  If the bond can overtake the new resistance level, it may be able to stop the recent rash...
 Friday morning at 9, I called  my VP of Operations and requested that a file be underwritten Friday so that a young couple would not risk being without a roof come this week.  The file was underwritten even though we did not yet have an appraisal in hand (which is a major exception) and I had a ...
Niche lenders.  We have through the years always been able to create and maintain relationships with lenders who will work with us on deals that are “out of the box”.  We continue to uncover new investors who offer us new opportunities.  We just added a new bank into the fold.  They like construc...
Mortgage backed securities (MBS) closed down 6 basis points today at 103.44 having remained once again below the two powerful levels of resistance offered by the 50 and 200 day moving averages.  MBS bonds did well today in the face of some exuberant trading today in the pits of global equity mark...
  Jumbo prices do not have the volatility that conforming rates have as they are not tied directly to mortgage backed securities.  Instead, they are normally agreed upon by a pricing committee.  As a result, they tend to stay competitive with one another rather than reacting to short term changes...
Mortgage backed securities (MBS) closed down 12 basis points today at 103.50 having remained below the strong double resistance offered by the 50 and 200 day averages.  Friday's attempt to break through yet another resistance level having failed, left traders catching their collective breath toda...
        Rates ameliorated somewhat last week.  While the 30 year fixed conforming remained at 3.625%, the high balance conforming for loans up to $601,450. Fell to 3.875% for highly qualified buyers.  The jumbo was once again available for 4.0%.  The Jumbo ARMs remained historically attractive wi...
Mortgage backed securities (MBS) closed up 3 basis points today at 103.62 today having risen all the way up to touch resistance offered by the 200 day moving average prior to falling away at the close.  In recent day MBS bonds managed to overtake resistance at the 25 day moving average and turn t...


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