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

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2013 

Mortgage backed Securities (MBS) closed down 6 basis points today at 103.00 having fallen six basis points below support which was offered at the 103.06 level.  MBS bonds which opened down a step fell all the way down through support at the 102.66 level prior to bouncing back up and closing at th...
12/19/2013
Well today finally came and the Fed revealed their decision on whether or not to taper.  Effective in January the Fed will reduce its monthly purchasing of Treasuries and MBS bonds from $85 billion each month to $75 billion.  That represents a reduction of just less than 12%.  If you think about ...
12/18/2013
Mortgage backed securities (MBS) closed down 38 basis points today at 103.12 having crossed above resistance offered by the 103.48 prior to falling almost down to support at 103.06 prior to the close.  The long red candlestick reports a volatile bad day in MBS markets.  When news came from the Fe...
12/18/2013
After opening lower stocks stayed in the red pretty much all day.  Late in the session they actually edged into the black prior to closing slightly down.  That was not a bad performance considering yesterday's gains and the impending entrance of the elephant in the room.  Yes tomorrow's colossal ...
12/17/2013
Mortgage backed securities (MBS) closed up 19 basis points today at 103.50 having finally re-taken resistance offered at the 103.48 level after several tries.  Now just hours from the FED's 2Pm announcement tomorrow bonds have made a little progress.  They were aided today by some nice low inflat...
12/17/2013
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Surprisingly stocks rallied today in advance of the Fed's Wednesday announcement about tapering it monthly expenditure of $85 billion of Treasuries and Mortgage Backed Securities (MBS).  Maybe the consensus in the equity pits agrees with me that we need a little more progress before beginning the...
12/16/2013
Mortgage backed securities (MBS) closed down 3 basis points today at 103.28 having remained just below resistance offered by the 103.48 level.  Traders were basically treading water today awaiting the big news after the FED's Open Market Committee meeting scheduled for the next couple days.  Will...
12/16/2013
Stock traders played it close to the vest today also awaiting word from the FED as to whether and when tapering of the FEDS purchasing program will begin.  I cannot remember any time in my life having heard that little used five letter word with such frequency.  As stocks inched slightly higher, ...
12/13/2013
Mortgage backed securities (MBS) closed up 9 basis points today at 103.31 matching Wednesday close having remained just below resistance above offered by the 103.48 level.  Remember that traders are in a holding pattern for now waiting to hear what the FED has to say after its Open Market meeting...
12/13/2013
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Stocks spent another day in the doldrums, as traders were once again stultified with their hyperbolic fear of the impending word on the FED's tapering of QE3.  The tapering will happen, but it will likely happen slowly.  I believe that the chances for it beginning this month are quite low.  Ben i...
12/12/2013
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