Blogging from the Big D this week (Dallas, TX that is), actually I am about to get on a flight heading back to Miami to get at least a half day in the office today. The story of how I got to Dallas yesterday is rather fitting for this week’s post. Here is a brief [...]
Wow, mortgage backed securities finally changed direction, even if just for a bit. I hope you all were paying close attention and were able to help your clients cash in on the correction. Just how long is it going to last though?
Last week did not have a lot of data coming in so it relied [...]
Greetings from Madrid, Spain. In the last week, I have flown from Las Vegas to Miami, FL, down to Santiago, Chile and back and now I sit in Madrid. Doing this much travel makes one wonder where am I and where am I going? The good news for my travels is that [...]
Greetings from Vegas, baby. What a place to start of this week. Quite appropriate since this is the city where a lot of people lose their money and bonds will be struggling again this week.
First, let’s get into what happened in the bond’s “pit of despair” this last week. Getting the week [...]
Lot’s of talk about blogging here this week. I don’t want our readers to think it’s the only thing we’re ever going to talk about, but I have more to say, so bear with me.
I beleive creating a blog can be one of the most effective and affordable ways to market in our current environment. [...]
How many of you wanted to pull the rip chord last week? As we saw, inflation again took the markets and sent bonds into a virtual freefall, sending rates about 1/4 point (0.25%) higher.
As I mentioned mast week, shortened trading weeks usually bring extra volatility to the markets and we saw it. Inflation was at [...]
I hope everyone had a great extended weekend and kept the thoughts of those who have fought and those who continue to fight for our freedom on your hearts yesterday. Now, down to business. If I had to sum up last week’s main movement into one word, it would have to be “inflation”.
There [...]
Did everyone enjoy the ride last week? It was definitely another up and down week, bringing plenty of action, but in the end, bonds were basically unchanged for the week.
Retail Sales beat expectations, sending bonds crashing down as expected, but a relatively tame read on inflation from the CPI data got them back on their [...]
Hat tip to Matrix. I could pick at some of the small problems with this podcast, but overall, it’s a very well done explanation of the sub prime debacle from a global perspective.
Greetings from Aruba this time. Last week was rather tame, wasn’t it? Yeah, right. Well, actually it started out rather tame, but the end of the week had bonds moving higher, looking good, then they came crashing down hard.
There wasn’t much data last week, and as such, traders look for anything to grab onto, [...]
Did you enjoy the wild ride we had last week? Volatility reentered the market as data and news went both ways providing moves both up and down. Mortgage backed securities ended the week up 63 basis points, providing a slight tick down in rates.
Those big events I mentioned last week played a huge [...]
In yesterdays NY Times magazine there was a terrific article on how the rating agencies participated in the current housing bubble and liquidity crisis.
Take a look
Although we know (and discussed here) many of the players in our current situation, this is a well written piece on how financal structures are created and utilized.
Mortgage backed securities started the week off well, but their 25-day moving average proved too strong to break, and down they went, again. As I stated last week, there was not much data being released, so technical indicators and news, such as earnings, fueled the moves in the markets. Mortgage rates ticked only [...]
If there was ever a model for how to build your reputation as an expert on mortgage origination through the power of blogging, one only needs to take a look at Dan Green’s The Mortgage’s Report.
If you could sum up all of the problems that bonds faced last week into one word, it would be inflation. Between earnings reports and economic data, along with various Fed speeches, there was little doubt which fear would take hold.
Retail Sales kicked it off by beating expectations, followed by PPI blowing away it’s [...]
The following is a ghost review from one of lenederama’s original contributors, Bill Rice at leadmarketwatch.com
Anyone ever heard of Twitter?
This vibrant community of buzzing 140 character messengers is quickly becoming an embedded part of many real estate and mortgage professionals’ business toolbox.
If you haven’t experienced Twitter yet or wonder what it is I will simply [...]
Last week was again full of its ups and downs, but as I said before, the current trading pattern would be hard to break. As far as volatility goes, last week was mild, even with the movements either direction. In fact, if you look at the charts, bonds basically “flat-lined”, moving either side [...]
Another volatile week occurred and that will likely continue to be the pattern moving forward. The good news was mortgage backed securities gained about 41bp on the week, letting rates improve slightly for some. More importantly, they remained in their current trading range after again testing their 50-day moving average.
The week started off well, but [...]
Stated income loans and the brokers / lenders who sell them have come under a lot of fire lately, some of it justified. Brokers or loan officers who actively encouraged borrowers to overstate their income and take on loans that there was no way they could pay deserve to be run out of the business [...]
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