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

ARCHIVED BLOG POSTS

2009 

Mortgage backed securities (MBS) closed up 19 basis points today at 101.06 above the 25, 50, 200 and 100 day moving averages.  MBS bonds managed the slight rally despite the fact that stocks surged on news of increased productivity and improved initial job claims.  Stocks and bonds normally go in...
11/05/2009
In yesterday's blog I talked about a mother and father giving a daughter and son-in-law gifts of $13,000. each, totaling $52,000. in gifts.  Suppose the gift required to put the deal together was $100,000.  Then the additional $48,000. would be subject to the gift tax, right?  No.  Because there ...
11/04/2009
Mortgage backed securities (MBS) closed up 6 basis points today at 100.88 above both the 50 and 200 day moving averages.  The market took a wild ride after the Fed's announcement.  Initially traders sold off when they saw there was no new good news about an extending the Fed's MBS purchase progra...
11/04/2009
Some loan products including FHA loans allow buyers to use a gift as all or part of their down payment.  All or part of that gift may not be taxable.  Donors are allowed to give up to $13,000. each year with out paying the gift tax.  It is known as a gift tax exclusion.  For the sake of an exampl...
11/03/2009
Mortgage backed securities (MBS) closed down 12 basis points today at 100.81, still above the support of the 200 day moving average.  The impending announcement of the size of next week's treasury auctions has been weighing on MBS bonds for three day now.  Also the uncertainty of the wording in t...
11/03/2009
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Municipal bonds have a fixed interest rate and they pay you interest every six months.  The "par" price is always 100.  If rates go up after you buy the bonds and you sell them before maturity you will likely sell them for less than you paid for them.  If you keep them until maturity you will be ...
11/02/2009
Mortgage Backed Securities (MBS) closed down 25 basis points today at 100.94 its lowest level of the day.  The MBS bonds slipped below the 25 day moving average but remained above support at the 50 day moving average.  Strong housing results and a better than expected ISM Manufactuing Index pushe...
11/02/2009
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Jeff Jensen

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