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

ARCHIVED BLOG POSTS

2015 

While The Federal Savings Bank (TFSB) has had a viable non-warrant-able Condo program for some time, today they unveiled a program that opens the door for many prospective condo buyers and sellers across the nation.  This program will allow condo owners who got stuck after having built condos wit...
12/09/2015
Mortgage backed securities (MBS) closed even today at 103.28 today having surged upward and cross over the 25 day moving average at the 103.37 prior to closing below it once again.  As it turned while MBS bonds were selling off the Fed was buying them with the proceeds of matured MBS bonds and Tr...
12/09/2015
After Friday's positive reaction to the government jobs report, S & P futures were looking gloomy this morning.  With no government or economic reporting until Thursday's initial unemployment claims, traders took profits and solidified their positions today.  Low oil prices gave traders further i...
12/09/2015
Mortgage backed securities (MBS) closed up 12 basis points today at 103.50 having broken through resistance offered by the 25 day moving average at 103.43 and more importantly closed above it.  This advance bodes well for MBS bonds which are now poised to take another run at the 50, 100 and 200 m...
12/07/2015
Today's jobs report probably solidified the likelihood that the Fed will indeed raise the fed funds rate later this month at its Open Market Committee meeting.  Recent comments prior to today's report were pointing heavily in that direction.  So have your ears on December 16th at 2 PM when the re...
12/04/2015
The big news of the day was the government jobs report and it did not disappoint.  It revealed that 211,000 new jobs were created in November which exceeded the expected 196,000 and kept the nominal unemployment rate at 5%.  There was also a strong increase in October's jobs number.  Now over the...
12/04/2015
Mortgage backed securities (MBS) closed up 31 basis points today at 103.38 having fallen deeply during the day only to recover and come to rest within 6 basis points of resistance offered by the 25 day moving average.  After yesterday blood bath, bonds did well to make such a recovery in the face...
12/04/2015
December is normally a good month for stocks and if today is a harbinger, that trend will continue this year.  With the likely advent of the Fed rate hike program coming nearer, traders seem to have been cured of the long lasting malaise that fearing rate hikes became.  Bonds on the other hand re...
12/01/2015
Despite a poor report from the institute of Supply Management on the outlook for manufacturing here and the explosion of a pipe bomb in Turkey stock traders looked to Europe for guidance.  With some improvement in European manufacturing and news of possible further stimulus from the European Cent...
12/01/2015
Mortgage backed securities (MBS) closing up 31 basis points today at 103.91 having smashed through resistance offer by the 100 day moving average and come to rest just 2 basis points below double resistance offered by the 50 and 200 day moving average.  Some poor manufacturing news here combine w...
12/01/2015
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