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

ARCHIVED BLOG POSTS

2014 

After yesterday's mercurial ride, stock futures pointed higher this morning.  As the market opened the Dow slowly climbed to a 60 point advance in the first hour before falling away sharply for the better part of the day.  The selling pressure mercifully subsided as the session neared the close. ...
09/30/2014
Mortgage backed securities (MBS) closed even today at 105.44 having remained just five basis points above support offered by the 25 day moving average after having fallen below it during the day.  A slumping stock market helped MBS bonds.  With bonds at a crossroad deciding what direction to take...
09/30/2014
Stock futures began the day falling with democracy protests taking place in Hong Kong and the September jobs report looming on Friday.  Consumer spending was up as pending homer sales were down as  inflation remained tame.  Investors cited geo-political unrest as an excuse to take additional prof...
09/29/2014
Mortgage backed securities (MBS) closed up 9 basis points today at 105.44 having remained above support offered at the 105.41 level.  With stocks lagging today, MBS bonds made slight progress toward regaining the levels it had held from ealy July to early September.  The Fed's favorite measure of...
09/29/2014
Stocks started poorly this morning and then fairly fell off a cliff.  Although S&P futures opened flat, new that August durable orders were off by 18.2% took traders by surprise and they began to sell.  Despite learning after analysis that the downturn was mostly caused by fluctuation in aircraft...
09/25/2014
Mortgage backed securities (MBS) closed up 22 basis points at 105.41 having risen up through resistance offered by the 25 day moving average prior to closing just one basis point below it.  MBS bonds continued their surge upward causing loan originators to float rates for clients in hopes of cont...
09/25/2014
Mortgage backed securities (MBS) closed down 12 basis points today at 105.19 having fallen below support offered by the 105.31 level and come to rest just above the 105.09 level.  Tuesday's bearish eagle pattern on the Japanese candlestick chart foretold a sell-off today.  That was exacerbated by...
09/24/2014
After yesterday's sell-off powered by profit taking, stocks came out of the gate a little shaky again this morning.  With the international community involve in free lance bombing of ISIS targets in Syria and Iraq and Turkey stuck squarely in the middle, stocks floundered.  Further talk of fundin...
09/23/2014
Mortgage backed securities (MBS) closed up 16 basis points today at 105.31 having continued their climb and passed through resistance offered by the 105.21 level.  The 25 day moving average became the next level of resistance looming just 13 basis points above.  With no economic news due out toda...
09/23/2014
Stocks paused today for profit taking in the face a burgeoning bond market and in the wake of last's week's blockbuster Alibaba initial public offering.  Recent reductions in crude oil pricing have lead to gasoline being available for less than $3.00 per gallon in isolated spots across the countr...
09/22/2014
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