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

ARCHIVED BLOG POSTS

2014 

News of a Portuguese bank having financial woes caused concerns of a European Central Bank (ECB) bailout today and the uncertainty roiled equity markets across the globe.  One headline quipped that an ECB bailout would be quicker than the last second goal they scored against the U.S. team in the ...
07/10/2014
Mortgage backed securities (MBS) closed up 19 basis points today at 102.59 having come within 3 basis points of resistance offered at the 102.72 level before falling away prior to the close.  A sell-off in stocks sent money tumbling in the fixed rate markets today allowing MBS bonds to further so...
07/10/2014
Stocks began the day with small gains as Alcoa's earnings were 50% higher than expected.  After the FED issued its minutes from their June FOMC meeting , however, the gains were extended and many of the losses earlier in the week were swallowed up.  The Fed said that as long as the short term eco...
07/09/2014
Mortgage backed securities (MBS) closed up 6 basis points today at 102.38 having been able to remain above support offered by the 25 and 50 day moving averages.  MBS bonds had been trading on the down side until the Fed issued the results of its Open Market Committed meeting today.  The view was ...
07/09/2014
On the  first day of the earnings season, possibly in anticipation of strong earnings, stock traders took additional profits.  this will allow them to buy into stocks at lower levels and further line their pockets is the earnings are strong.  The Dow fell below the emotionally charged 17,000 leve...
07/08/2014
Mortgage backed securities (MBS) closed up 19 basis points today at 102.31 having bounced back above the dual resistance levels offered by the 50 and 25 day moving averages.  A sharp sell off in stocks sent money flowing into bonds allowing the rebound.  While MBS rose only 19 basis points the 10...
07/08/2014
After Thursday's dramatic and record breaking rally, stock traders took the opportunity to lock in some profits today.  with the long weekend in the rear view mirror, reality set in an most equity markets gave up some of the  shortened trading session last week.  Goldman Sachs came out with a zin...
07/07/2014
Mortgage backed securities (MBS) closed up 6 basis points today at 102.09 having closed just barely below the dual level of resistance offered by the 25 and 50 day moving averages.  In the wake of Thursday's big jobs number and a moderate loss for equities, fixed rate traders managed to dust them...
07/07/2014
This month the ADP jobs number outperformed its perception of being and underachiever.  The government jobs report, to equity traders delight, showed the addition  of 288,000 jobs in June nearly mirroring the 281,000 ADP number.  As the jobless rate fell to a supposed 6.1%, the Dow closed over 17...
07/03/2014
Mortgage backed securities (MBS) closed down 13 basis points today at 102.03 having remained below resistance offered by the 25 day moving average and fallen through both the 40 and 50 day moving averages.  During the day in reaction to the strong jobs report,  MBS bonds had fallen all the way do...
07/03/2014
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Jeff Jensen

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