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

ARCHIVED BLOG POSTS

2015 

Stocks stabilized after yesterday's maniacal plummet in reaction to the refusal by the IMF and the European Central Bank's refusal to allow the Greek Prime Minister's dizzying call for a referendum this Friday regarding a deadline that was today.  There appears to be some room for accommodation a...
06/30/2015
Mortgage backed securities (MBS) closed up 12 basis points today at 102.84 today having managed to break through resistance offer by the low of 10/7/14 at the 102.81 level.  After yesterday's strong comeback it was hard to know what to expect today.  The Greek debt situation is so unstable that M...
06/30/2015
With nothing new coming forth from the Greek debt negotiations, S & P futures manages a slight improvement this morning.  Initial unemployment claims of 271,000 were in line with expectations.The Personal Consumption Expenditure reading, the Fed's favorite measure of inflation remained at 1.2% th...
06/25/2015
Mortgage backed securities (MBS) closed down 25 basis points today at 102.62 having fallen through two level of support offered by the low of 10/7/14 at 100.81 and by the 102.66 level.  That fact that MBS bonds closed below both those previous levels of support does not bode well for tomorrow's p...
06/25/2015
After a roller coaster week last week, stocks began this week on a positive note.  The Greek Finance Minister was back at it this week bobbing and weaving as he tried to avoid knockout punches from the European Central Bank.  New home sales in May were up 5.2% over April as expected.  We will con...
06/22/2015
Mortgage backed securities (MBS) closed down a whopping 63 basis points today at 102.81 having fallen through and closed well below support which had been offered at the 103.37 level.  The histrionics surrounding the Greek debt debacle took their toll on bond markets today as there was optimism t...
06/22/2015
Today was Fed day and the staid institution revealed the results of its Open Market Committee at 2 PM as it always does.  As expected any interest rates hikes are still on hold for the moment.  Although there are a few voting members pushing for increases now. we believe nothing will change until...
06/17/2015
Mortgage backed securities (MBS) closed up 6 basis points today at 103.12 having inched ever closer to resistance offer at the 103.31 level just above.  MBS bonds were slow to react to Feds's statement today about interest rates.  Essentially they said that while there have been improvements in t...
06/17/2015
Mortgage backed securities (MBS) closed up 25 basis points today at 103.06 having broken through and closed above resistance that was offered at the 102.81 level.  We will be carefully floating right now in hope that this the first step of a recovery in the MBS market.  We are seeing some sticker...
06/16/2015
Stocks suffered another setback today as result of yet another stall in the negotiations between Greece and the European Central Bank and of a general anxiety about what the Fed here might have in store in Wednesday's release of the FOMC minutes.  Hopefully our MBS bonds will trend along with the...
06/15/2015
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