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

ARCHIVED BLOG POSTS

2017 

After the warmest October is history it is fitting that Halloween played a prank on us and brought us temperatures in the 30s.  I was just out in the Stratford historic district where I live and there were scores of kids dressed up in all manner of conspicuous garb from nerds to pill bottles to f...
10/31/2017
Mortgage backed securities (MBS) closed 6 basis points today at 102.75 having support offered by the 10 and 200 day moving averages finished the day just 14 basis points below resistance offered by the 25 day moving average. The 30 year was available at 4.125% today.  The 30 year jumbo was at 4.1...
10/31/2017
We have arrived at Fed week once again.  This Fed week is special, however, as there is speculation about not only whether the Fed will raise rates and what they will do about divesting  themselves of their portfolio of government and Mortgage securities but also about who will be the new Fed Cha...
10/30/2017
Mortgage backed securities (MBS) closed up a whopping 25 basis points today at 102.81 having broken through resistance offered by the 10 and 200 day moving averages finished the day just 9 basis points below resistance offered by the 25 day moving average. The 30 year was available at 4.125% toda...
10/30/2017
The FDA has mandated that restaurants, food stores, water supplies and a number of other purveyors of human consumable be tested for potentially lethal pathogens such as e coli.  Although many companies make a product that can test for such menaces, only one has a prototype that will test for nea...
10/27/2017
Mortgage backed securities (MBS) closed up a whopping 28 basis points today at 102.56 having finished the day just 11 basis points below resistance offered by the 10 day moving average. The 30 year was available at 4.125% today.  The 30 year jumbo was at 4.125%.  Whether in New England, the Mid A...
10/27/2017
While mortgage backed securities (MBS) continue sliding down the slippery slope the Dow keeps charging up an ever higher height.  Mario Draghi's comments about extending their program of accommodation buoyed Treasuries and MBS bonds early in the session only to fizzle as today's Treasury auction ...
10/26/2017
Mortgage backed securities (MBS) closed down 19 basis points today at 102.25 having finished the day 47basis points below resistance offered by the 200 day moving average The 30 year was available at 4.125% today.  The 30 year jumbo was at 4.125%.  Whether in New England, the Mid Atlantic or the ...
10/26/2017
    Loan Amounts: We offer investment property loans to 2.5MM (full documentation) and up to 1.5MM (Alternative Documentation)     No prepayment Penalty (just be aware of your 6 months early payoff period)     Max Financed: We will allow up to 15 financed properties on a purchase or R&T and up t...
10/25/2017
Mortgage backed securities (MBS) closed down 3 basis points today after having been down 18 during the day at 102.44 having finished the day 28 basis points below resistance offered by the 200 day moving average The 30 year was available at 4.125% today.  The 30 year jumbo was at 4.125%.  Whether...
10/25/2017
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