Archive for April, 2010
Friday, April 30th, 2010
Posted To: MBS Commentary4.5's close 10 ticks up at 100-27 10yr notes bottomed out at 3.659 Secondary Market Current Coupon -5.3bps at 4.374%. Prices Higher But Yield Spreads are Wider CC +71.5bps/10yrTSY Stocks Tanked, but again, still inside a recent range. S&P -1.66% at 1186 How long will it last? ...
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Friday, April 30th, 2010
Posted To: MBS Commentary4.5's up 8 ticks at 100-25 (after being as high as 100-28) 10yr yield down approx. 6bps at 3.67 S&P Down "lots" at 1194.71. Got a bounce on it's 1190(ish) support. Uncanny Adherence to Treasury Trend Channel. Technicals thanks to Fundamentals? MBS prices are a few ticks ...
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Friday, April 30th, 2010
Posted To: The Garrett Watts ReportI don’t have an opinion about the charges levied against Goldman by the SEC, but some of the bantering between the seven Goldman employees (past employees) and the Senate Subcommittee caught my eye. Let’s do a short review of what I believe the traders were ...
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Friday, April 30th, 2010
Posted To: MND NewsWireAll 20 of the large metropolitan areas with the highest rates of foreclosures during the first quarter of 2001 were located in the same four states. According to the Metropolitan Foreclosure Market Report released by RealtyTrac on Thursday, the four, California, Florida, Nevada, and Arizona each had ...
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Friday, April 30th, 2010
Posted To: Pipeline PressIt is the last day of April already, and the Kentucky Derby is tomorrow? Time flies! Remember at the beginning of the year when the RESPA and GFE changes went into effect, but HUD told everyone that they would have a four month leniency period? That comes ...
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Friday, April 30th, 2010
Posted To: MBS CommentaryGood Morning. HAPPY FRIDAY My parents can cross an item off their "things to do before I die" list. They just returned from a two week coast to coast and back trip across the United States...on their motorcycle! All the "riders" out there know how big of ...
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Friday, April 30th, 2010
Posted To: MND NewsWireEquity futures are modestly higher this morning as investors anticipate the latest developments from Greece as well as three key domestic data releases. “Optimism that a new bailout for Greece is near is providing a modest boost to equity markets and weighing on the US$ index,” said ...
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Thursday, April 29th, 2010
Posted To: MBS CommentaryFannie 4.5's end up 3 ticks at 100-17 10yr yields and at the lows of the day 3.73 (down from just over 3.76 yesterday) Stocks meet resistance at 1209 More Data than normal tomorrow, including GDP, Chicago PMI, Employment Cost Index, and Consumer Sentiment let's start with ...
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Thursday, April 29th, 2010
Posted To: Mortgage Rate WatchMortgage rates yesterday improved from the pricing lenders were offering on Tuesday morning but were a few basis points above the levels seen after lenders repriced for the better on Tuesday afternoon. While it seems like headline news and unexpected events have created a lot of ...
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Thursday, April 29th, 2010
Posted To: MND NewsWireTreasury Secretary Geithner today appeared before the Senate Financial Services and General Govt. Subcommittee. On the agenda was.... Holding Banks Accountable : Are Treasury and Banks Doing Enough To Help Families Save Their Homes? Below are a few comments from Geithner's prepared text that lead you into ...
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