Lenderama

I hope everyone had a wonderful Christmas and had plenty to be thankful for.  Unfortunately, mortgage backed securities only received a lump of coal.  Well, I would actually say a truckload of lumps of coal based on the week’s results.
Last week was a shortened week for the holiday and that usually brings volatility to the [...]

I am running behind schedule today, but things continue to play out exactly as I said they would in last week’s update.  Here is how I ended the Mortgage Market Update last week…
The bottom line this week, expect a swing higher in MBS prices (lower mortgage rates), followed by the resumption of a new leg [...]

This week has things getting back to normal in my life, though still hectic, but I am used to that anyway.  As for the mortgage market, things have turned ugly as I warned last week, and while there will need to be a corrective period, or brief floating opportunity, the long haul has turned for [...]

I find myself in a strange place writing this week’s post as I am in a doctor’s office while my son’s dislocated broken finger gets put back in place.  What a trooper as he didn’t even cry when they did it.  And speaking of strange places, we are currently in one in the mortgage market [...]

Another week, another day stuck in Brasil.  Not so bad, just like the mortgage market lately.  There are times when I like being wrong, and this is one, though I still do not like the way the charts look and reality will likely set into the markets as the traders come back from the holiday [...]

Bom dia, estou em Brasil hoje escrevendo esse poste.  OK, my Portuguese is still a little rough, but it says “Good day, I am in Brazil today writing this post”.  This post marks my 104th weekly update, which means I have been doing this now for two years straight.  Man, how time flies, so let’s [...]