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

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2016 

As little as MBS bonds moved today, stocks followed suit with infinitesimal losses.  With just initial unemployment claims reporting this week.  The 259 new claims was less than the expected 275,000 claims but not enough to move the market.  Also the European Central Bank's expansion of quantitat...
03/10/2016
Mortgage backed securities (MBS) closed down 3 basis points today at 104.31 having once again fallen through support offered by the 50 day moving prior to struggling back to close above it.  This time, however, it closed only two points above.  The puts MBS bonds in a precarious position.  A fall...
03/10/2016
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Oil progressed once again today despite the global glut.  Iran is still planning to increase its production despite having few customers actually willing buy oil.  Prices at the pump have certainly remained excellent.  I bought a tank of regular the other day here in Connecticut for $1.79 per gal...
03/09/2016
Mortgage backed securities (MBS) closed down 19 basis points today at 104.38 having passed downward through support offered by the 50 day average today prior to closing above it.  Resistance at the 25 day moving average above is now 31 basis points away.  The fact that MBS bonds were able bounce ...
03/09/2016
China was back in the news toady and not for a good reason.  It seems their production in the last month was once again falling behind.  Couple that with a strong rise in Treasury markets and some profit taking after recent gains and you have a formula for losses.  The Dow was down over 100 point...
03/08/2016
Mortgage backed securities (MBS) closed up 19 basis points today at 104.56 having risen to within 4 basis points of resistance offered by the 25 day moving average prior to falling away at the close.  MBS did managed to further distance themselves for support at the 50 day moving average.  At thi...
03/08/2016
Standard & Poor stock futures pointed higher this morning.  With no economic reports coming today, oil took the lead as it continued its advance that began the week before last.  Economically it seems unlikely that it should be advancing if we consider the economics 101 theory of supply and deman...
03/07/2016
Mortgage backed securities (MBS) closed down 16 basis points today at 104.83 having fallen down to within just 18 basis points of the 50 day moving average at the 104.20 level.  MBS bonds continued their recent slide today.  What is worse is they closed at their low of the day which usually does ...
03/07/2016
Everyone was awaiting the results of federal jobs report for February today.  Just after 8:30 the wait was over and we learned that 242,000 new jobs had been created versus the 190,000 that had been expected.  In addition, 30,000 new jobs were added to the January and December total.  The unemplo...
03/04/2016
Mortgage backed securities (MBS) closed down 6 basis points today at 104 .53 having remained between resistance offered by the 2 day moving average and support below at the 50 day moving average.  MBS bonds which were in a precarious position as the day started did well to lose just 3 points and ...
03/04/2016
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