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

ARCHIVED BLOG POSTS

2014 

Stock futures opened the day slightly down.  That was surprising since Social Media star Facebook showed a 60% increase in earning and the weekly unemployment numbers were the lowest in eight years.  Stocks vacillated in and out of the black throughout the day.  Then new home sales were way off a...
07/24/2014
Mortgage backed securities (MBS) closed down 25 basis points today at 105.34 having fallen below support offered by the 50 and 25 day moving averages and landed just above support at 105.28.  There should have been enough bad news in the air with the two additional airliner crashes and the poor n...
07/24/2014
Stock futures began the day near neutral as Microsoft and Apple reported earning this morning.  Each of the two mega tech companies reported mixed earnings.  The report that two Ukrainian fighters were shot down today was rather surprising as it would draw additional scrutiny to the Russian missi...
07/23/2014
Mortgage backed securities (MBS) closed down 12 basis points today at 105.59 having once again remained above support offered by the 25 and 50 day moving averages.  There were no economic reports due out today to effect markets.  The international news has been kind of lacking since the two major...
07/23/2014
Stock futures opened higher this morning and stocks followed suit jumping ahead 35 points early in the session.  the Consumer Price Index figures fell into line with the Fed's expectations and keep traders happy in both fixed income and equity markets.  Existing home sales beat the street's estim...
07/22/2014
Mortgage backed securities (MBS) closed up 6 basis points today at 105.72 having remained once again above support offered by the 25 and 50 day moving averages.  Despite butting up against a strong performance by stocks, MBS bonds managed to complete a five day string of positive sessions.  The 3...
07/22/2014
The continuing drama in Ukraine along with more senseless tragedy in Gaza provided enough negative fuel to drive stocks downward once again this morning.  Somehow the Israel missile system designed to precisely takeout Ham-as weapons, found itself striking a hospital.  That is a pretty bad shot. ...
07/21/2014
Mortgage backed securities (MBS) closed up 6 basis points today at 105.66 having remained just above support offered by the 25 and 50 day moving averages.  It should be noted that we are now following the 4.0% coupons bonds as loan pricing has drifted above the center of the 3.50% coupons range. ...
07/21/2014
After yesterday's debacle, stocks staged a strong come today facing directly into an ever worsening chaos unfolding in the Ukraine and an escalating scene of violence in Israel and the Gaza Strip.  One had to pay close attention today to be sure if Israel was increasing its incursion into Gaza in...
07/18/2014
Mortgage backed securities (MBS) closed even today at 102.59 having remained above dual support offered at the 25 and 50 day moving average levels.  MBS bonds were in a flux today with bad news all around that should have helped them while stocks were staging a fairly strong rally which definitel...
07/18/2014
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