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

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2014 

Stocks closed broadly higher on Friday as Consumer Sentiment posted a nice improvement.  U.S. markets will be closed on Monday in observance of Presidents' Day honoring the Birthdays' of George Washington and Abraham Lincoln.  Despite crude oil futures trading over 100, inflation remains in tow. ...
02/16/2014
Mortgage backed securities (MBS) closed down 15 basis points Friday at 104.19 having fallen through double support offered by the 25 and 200 day moving averages.  Although not a major loss, closing below these important technical levels could represents a end to the recent rally in MBS bonds whic...
02/16/2014
Stocks closed in a mixed fashion yesterday as the Dow Jones Industrials and the S & P 500 closed down slightly and the tech heavy NASDAQ managed a slight gain.  The recent four day rally came to an end but there were some positive corporate earnings numbers that traders might hang their respectiv...
02/13/2014
Mortgage backed securities (MBS) closed down 29 basis points yesterday at 104.09 having fallen through double support offered by the 25 and 200 day moving averages.  In addition to that negative result bonds closed within a couple basis points of their low of the day.  The stochastics are in the ...
02/13/2014
Stocks surged in reaction to Janet Yellen dovish approach to keeping QE3 in place until the employment numbers in this country strength.  Although we are just one tenth of a percent above the unemployment goal of 6.5%, she indicated that the goal could be lowered if she felt it necessary.  She, l...
02/11/2014
Mortgage backed securities (MBS) closed down 44 basis points to day at 104.72 having fallen through support offered by the 105.00 level once again.  The large red candlestick indicates that MBS bonds closed at their lows of the day.  As anticipated, Janet Yellen's testimony before Congress today ...
02/11/2014
Janet Yellen is now officially the Head the Federal Reserve and as such is the first woman ever to hold that lofty post.  The feeling is that she is more forthcoming than Alan Greenspan was and has a more gentle bedside manor that Ben Bernanke.  She is prone toward continuing the Quantitative Eas...
02/11/2014
Mortgage backed securities (MBS) closed up 23 basis points today at 105.16 having broken through resistance offered by the 105.00 level.  The bond closed at its high of the day which is normally a positive sign for the short term trading future.  With Janet Yellen testifying before Congress tomor...
02/11/2014
Despite a poor result from January's jobs report, stocks saw fit to have a nice rally today.  The market had expected around the same 175,000 new jobs that ADP had reported but the government said there had been only 133,000 created.  Stocks actually advanced because traders thought that poor job...
02/07/2014
Mortgage backed securities (MBS) closed up 25 basis points today at 104.91 today having regained their losses from the last two sessions.  A surprisingly low January jobs number was the kind of bad news fixed interest traders really enjoy.  Bonds advanced despite a strong rally across the board i...
02/07/2014
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