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

ARCHIVED BLOG POSTS

2009 

Your credit mix accounts for about 10% of your score.  An ideal mix would be to have the previously mentioned 3 to 5 credit cards, a mortgage account, an auto loan and an equity line of credit.  Please note that three or more mortgages will actually hurt your score.  The credit cards should have...
10/16/2009
Mortgage Backed Securities closed up 25 basis points today closing at 100.72.  IBM and GE reported lower revenues causing a sell off in stocks.  Typically during a down stock market money flows from stock into bonds and today was no exception.  MBS bonds were down 31 basis points for the week rep...
10/16/2009
The Average age of all the entires in your credit file makes up about 15% of your score.  The longer your credit history the better.  Hold on to old credit cards.  They will act like old friends helping you keep your score high.  Most people do not realize that closing accounts can actually cause...
10/15/2009
Mortgage backed securities closed down 38 basis points today at 100.47, having fallen below 200 and 25 day moving averages.  Anticipated improved eearnings reports and rising stock prices took their toll.  The selloff will cause tomorrow's rates to increase by .125%.  In addition,  a slight uptic...
10/15/2009
Past delinquencies account for about 35% of your score.  Late payments with in the past six months are extremely harmful regardless of the amount due.  Mortgage lates within the past year are the worst lates you can have.  Collection accounts are damaging both to your score and to an undererwrite...
10/14/2009
The benchmark 4.5% MBS bond fell 28 basis points today to close at $100.84.  The Dow Jones Average closed over $10,000. for the first time since October 3, 2008.  a strong earnings report from JP Morgan Chase and a surprisingly improved September Retail Sales Report help push stocks higher.  The ...
10/14/2009
The most significant economic data this week will be the CPI monthly inflation report. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Thursday. CPI looks at the price change for those finished goods which are sold to consumers. In addition, Ret...
10/13/2009
MBS prices are down -17/32 (FNMA 30-yr 4.5 at 100.91), below the initial price level at  -7/32. A low of -22/32 was reached and unfavorable repricing was seen. Today's Trade Balance data had little impact. MBS price reacted to yesterday's weak 30-yr auction and Bernanke's comments about eventual ...
10/13/2009
The Fed purchased $20.0 billion in agency MBS during the weekly period ending October 7, from $20.0 billion the prior week. Freddie Mac reported that average mortgage rates fell in the week through October 8, with 30-yrs hitting 4.87%, from 4.94% the prior week.  The Fed has announced that it wil...
10/08/2009
MBS prices are down -3/32 (FNMA 30-yr 4.5 at 101.81), below the initial price level at +4/32. It was a very volatile session. Weekly Jobless Claims came in lower than expected. September same-store sales at retail chain stores showed their first increase since August 2008. Despite the stronger th...
10/08/2009
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