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

ARCHIVED BLOG POSTS

2014 

Stock futures pointed toward a dismal result this morning as geopolitics were swirled with reckless abandon.  It seems every faction is sword rattling or worse at this point in the Arab world.  A solid improvement in the June Empire manufacturing report from New York helped stabilize stock this m...
06/16/2014
Mortgage backed securities (MBS) closed up 12 basis points today at 102.09 having propelled itself off support and the 101.97 and reached up to within 4 basis points of resistance at the 25 day moving prior to sliding back slightly at the close.  In the face of increasing hostility in the extreme...
06/16/2014
After yesterday''s sell off, stocks managed moderate gains today while bonds almost held their places.  S&P futures opened pretty much flat this morning.  While oil prices pushed ever higher in reaction to the trouble in Iraq and Syria, the producer price index actually turned downward.  This was...
06/13/2014
Mortgage backed securities (MBS) closed down 3 basis points today at 101.97 which is the resistance level it passed through yesterday.  The 3.50% coupon bond did manage to remain above support offered by the 50 day moving average.  Yesterday a bullish engulfing candle appeared on the chart which ...
06/13/2014
After reaching an all time high on Tuesday, stock suffered a second straight loss today as equity traders wallowed in some of the profits they have accumulated recently.  The move downward was exacerbated by an increase this week in initial filings for unemployment and by May Retail sales which w...
06/12/2014
Mortgage backed securities (MBS) closed up 25 basis points today at 102.00 having broken through both resistance offered by the 50 day moving average which it fell below yesterday and the 101.97 level.  Today's move upward was due in large part to money flowing out of stocks which sold off again ...
06/12/2014
Stocck futures pointed downward as the day began after yesterday's bottom skittering performance.  The job opening and labor turnover survey known as JOLTS had it best reading today since September 2007 in April.  The small business optimism survey also rose to its highest level since the same mo...
06/10/2014
Mortgage backed securities (MBS) closed down 31 basis points today at 102.03 having fallen through support offered at the 101.97 prior to bouncing up and closing just above it.  With no economic reports out today bonds suffered from a C+ rated auction for $28 billion two year notes.  There was a ...
06/10/2014
With no economic reports due out today, stock futures were basically flat.  Stocks were clinging to slight gains throughout the day as low interest rates prevailed in Europe and some hints of economic improvement were in the air.  This week there will be Treasury auctions in the sum of $62 billio...
06/09/2014
Mortgage backed securities (MBS) closed down 6 basis points at 102.34 having fallen through support offered by the 25 day moving average after a lackluster day of trading.  Neither bond nor equity markets had much movement today as there was little economic news to share.  The 30 year conforming ...
06/09/2014
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