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

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2014 

Mortgage backed securities (MBS) closed down 15 basis points at 103.97 having fallen to with in 12 basis point of support offered by the 25 day moving average below.  This is the first time we have been that close to the 25 day moving average since November 24th.  Money flew out of bonds as stock...
12/18/2014
Mortgage backed securities (MBS) closed down 25 basis points today at 104.12 having fallen through support offered at the 104.34 level.  MBS bonds did well most of the day as stocks rallied on Janet Yellen's news conference after the close of the Fed meeting.  She said that rates would remain low...
12/17/2014
Today's market was like the theme song from Car 54 Where Are You, "There's a scout troop short a child, Khrushchev's due at Idlewild!  Car 54, Where Are You??"  Russia raised its interest rate over night by 6.5% in a failed attempt to bolster up the ruble as China's manufacturing numbers continue...
12/16/2014
Mortgage backed securities (MBS) closed up 28 basis points today at 104.38 having this time been able crash through previously difficult resistance at the 104.34 and inched to within 12 basis points of resistance at the 104.50 level.  Problems in giant countries China and Russia pushed money out ...
12/16/2014
Despite S & P futures opening higher this morning, stocks continued their trend of losses following last week which was the worst in two years.  The Empire state manufacturing numbers were significantly off the mark this morning,  Stocks were up over 100 points early in the session.  Then volatil...
12/15/2014
Mortgage backed securities (MBS) closed down 25 basis points today at 104.09 having fallen away from resistance offered at the 104.34 level and remained above support the the 103.84 level.  MBS traders looked ahead to Tuesday's last Fed meeting of the year today and Wednesday's comments by Janet ...
12/15/2014
Stock futures began the day in negative territory and stocks followed suite with major losses.  An easing of the losses mid afternoon gave way to a strong slide as the session ended.  Despite the fact that consumer confidence is at the high level in years, the major sell off in oil and a reductio...
12/12/2014
Mortgage backed securities (MBS) closed up 31 basis points today at 104.34 having come to rest exactly at resistance.  This is the second time in the last two weeks that MBS bonds have reached that lofty level and stalled.  Bonds benefited from a major sell off in stocks today pushing interest ra...
12/12/2014
Stocks began the day substantially higher on fabulous news that retail sales were up .7% in November; much more that the .4% increase expected.  At the same time October;s sales were revised up a from a.3% increase to .5%.  Another initial jobless claim total less than 300,000 further fanned the ...
12/11/2014
Mortgage backed securities (MBS) closed down 3 basis points today at 104.03 having remained above support offered at the 103.84 level.  MBS bonds did well to remain so close to level when the stock market raced around at various positive levels throughout the day.  The saving grace was a rare A+ ...
12/11/2014
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