Ron Brown's Blog

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Industry Observer - NMLS ID: 40831
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RECENT BLOG POSTS
*Due to server issues this has been delayed.  This was originally sent out at 9:10AM PDT.  In the time since then we have seen Oil turn back around, and the Market seesaw once again, forcing Mortgage Bonds down much further than at the time this was intended for release.   US Stocks opened sharpl...
07/17/2008
Breaking News: I just heard that there is some serious trouble looming for Seller funded Down Payment Assistance!  It appears the House will be accepting language from the Senate Bill effectively permitting HUD's termination of these existing programs.  While DPA programs will not be completely e...
07/17/2008
US Stocks are in the midst of a strong rally as the Dow is now up over 200 points on the day.  Mortgage Bonds seem to be the one's paying for it, as they are off by more than 50bp so far.   The Stock Market is reacting very positively to another significant drop in Oil pricing, and "better than e...
07/16/2008
US Stocks opened the day down significantly on continued worries over the financial sector, lower than expected retail sales, and heightened inflation concerns.  Mortgage Bonds opened the day on the plus side, but have fallen back in the face of strong resistance.   The Dow was down below 10,900 ...
07/15/2008
US Stocks began the day on the uptick, but have since turned sour, mainly on concerns over financials.  Mortgage Bonds reacted well to the government actions regarding Fannie, and Freddie, and have made up most of Friday's losses.   Stocks got a big push from government statements of support plan...
07/14/2008
As we look ahead to the upcoming week our industry is focused on the health of the two premier lending enterprises Fannie Mae, and Freddie Mac.  After their stocks took a roller-coaster plunge on Friday, fueled mainly by an emotional level of investor sell offs (aren't they all on Wall Street?) M...
07/13/2008
Volatility, Chaos, Turmoil?  These tend to be the most popular descriptions of Wall Street once again this past week.  In a week that featured very little in the way of economic reports to shed light on the realities of our economy, we saw how rumors, and emotions, with a sprinkling of facts, can...
07/12/2008
US Stocks are falling hard this Friday, with the Dow temporarily dropping below 11,000 for the first time since December 2006.  Mortgage Bonds came out of the blocks strong, breaking through resistance at the 200 & even 100 day averages, but have since fallen back to their starting point.   The b...
07/11/2008
Once again US Stocks are in a seesaw day without any driving force one way or the other.  Mortgage Bonds have traded in a tight range throughout the day very near yesterday's closing number.   Stocks began the day mixed, then turned positive for the majority of the day so far.  Official news that...
07/10/2008
US Stocks came out of the gate strong with the Dow up as much as 150 points early, but are now negative.   Mortgage Bonds have been positive, building steadily on yesterday's finish.   Wall Street looked to be in a position to post solid gains at the opening, as better than expected earnings from...
07/09/2008
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The views, and opinions expressed here represent the personal views, and opinions of Ron Brown. They are not necessarily the views of First Mortgage Company, and should not be construed as being so. They are for informative purposes only, and any persons reading them are encouraged to research there current relevance, and timeliness before taking any action.