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

ARCHIVED BLOG POSTS

2014 

Stocks had the kind of day you just want to forget about.  A convergence of negatives and uncertainty caused stocks to lose the gains of an entire month in one day.  It was truly like the theme for the old TV show "Car 54 where are you?"  As the day began Argentina defaulted, initial jobless clai...
07/31/2014
Mortgage backed securities (MBS) closed flat today at 105.12 still languishing below all those levels of support that they fell through yesterday.  On a day filled with uncertainty, bad news and dramatically plummeting stock market, one would have expected money to flow into fixed income markets ...
07/31/2014
Stocks futures started the day higher after a late reporting Twitter showed strong earnings for the second quarter.   The ADP jobs estimate came out within 3,000 of the number of jobs expected and the 2nd quarter GDP shot up by 4%.  After initial euphoria, traders feared that the Fed might grands...
07/30/2014
Mortgage backed securities (MBS) closed down a whopping 47 basis points today at 105.12 having fallen through three levels of support in one day after trading in a 56 basis point range.  When word came out this morning that the 2nd quarter GDP was up by 4.0%, bonds took a heavy hit.  The 30 year ...
07/30/2014
Stock futures started higher this morning with tomorrow's impending Open Market Committee comments from the Fed looming in the air.  There were mixed earning reports with Merck and Aetna beating the street while Herbalife fell short.  Stocks were moderately ahead as it was revealed that consumer ...
07/29/2014
Mortgage backed securities (MBS) closed up 9 basis points today at 105.59 having managed to surpass resistance offered at the 50 moving average and closing just 3 basis points short of the 25 day.  With consumer confidence leaping ahead to levels not seen in years, bonds did well to sustain their...
07/29/2014
Stocks opened the day lower today with a lot of economic information on its way to influence investors and traders.  Gasoline prices were lower as were pending home sales.  Black Knight reported home prices up 5.9% year over year.  S & P companies reporting earnings last quarter beat estimates ra...
07/28/2014
Mortgage backed securities (MBS) closed down 3 basis points today at 105.50 having closed just below the dual resistance levels offered by the 25 and 50 day moving averages.  With a lot economic date being released today and $93 billion of Treasuries being auctioned this week, there is a lot of r...
07/28/2014
Amazon set the tone for stocks today as is opened with a $126 million quarterly loss which was more that twice what the street expected.  That new contrasted with a nice improvement in durable goods orders.  Durable goods are those expected to last for three years or more.  Stocks opened sharply ...
07/25/2014
Mortgage backed securities (MBS) closed up 19 basis points today at 105.53 having landed direct at the 50 day moving average and remained just 8 basis points below resistance offered by the 25 day moving average.  MBS bonds benefited from a poor showing in the equities markets today and were able...
07/25/2014
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