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mortgage advice: Who Moved My Cheese.... - 07/14/09 10:20 AM
Better than expected earnings from Corporate America, higher Retail Sales and a hot Producer Price Index has moved our 30 year Mortgage Back Security from the cheese platter to....the waste basket?  Oh no....
The producer price index is a reading on wholesale inflation.  The headline number was hot and after stripping out energy and food, the core number was quite a bit better than expected.  Of course there still is no fear of inflation just yet, but today shows us that any suggestion of future inflation can ruin the day in the bond markets.  Tomorrow will get a better idea of … (0 comments)

mortgage advice: Treasury Unveils Plan... - 07/09/09 10:15 AM
Late in the day Wednesday, the Treasury unveiled their plan to take up to $40 billion in so-called illiquid assets off bank balance sheets.  Nine investment managers have been chosen to bid for these illiquid assets.
The $40 billion is composed of $30 billion of equity and debt invested by the Treasury, along with an additional $10 billion by the private investor groups.
The programs goal is to enable the financial institutions to dispose of troubled illiquid mortgage securities and other packaged assets so they can provide new sources of lending to the economy.
Some analyst believe interest in the program … (0 comments)

mortgage advice: Mortgage Bond Market Losing Steam - 01/30/09 09:48 AM
Bonds are getting beaten up today.  There's a saying in the market... "the trend is your friend" meaning that the trend helps you make proactive decisions to better manage your investments and your expectations. 
While it is our friend it sure isn't being so friendly in the current direction.  It was a mixed bag of economic news this morning with more poor corporate earnings reports, oil on the increase, and GDP coming in better than expected.  This mixed news had bonds bouncing around this morning.
I'm not sure the Fed is really helping us much either.  As I mentioned yesterday, the … (0 comments)

mortgage advice: What? Bonds Hear "Inflation"? - 01/23/09 09:46 AM
This morning, the entire Bond market, including Mortgage Bonds, are contending with the "I" word...inflation.   It may sounds a bit odd, however the traders in the pits have recently been talking about Obama's stimulus and rescue packages and the reemergence of inflation should they have a positive effect on the economy. 
To add to the trader chatter, this morning Fed member Frederic Mishkin was on CNBC saying that "inflation could come to the forefront given all of the government programs".  He went on to say that "once the economy recovers, liquidity must be taken out of the markets" - this means the … (0 comments)

mortgage advice: Bonds Hanging In Mid-Air - 01/21/09 09:21 AM
Yesterday, the stock market dropped sharply with its worst-ever performance on an Inauguration Day.  More often than not, the stock market has declined as a new presidential term is greeted.
What may be surprising to some is that the Bonds didn't benefit.  Trading was thin as Washington was essentially shut down and our Fed wasn't buying Bonds.  Seems everyone tuned into the Inauguration.  This thin trading exacerbates the volatility in the market. 
Today, Obama's pick for Treasury Secretary, Tim Geithner will be in the spotlight as he appears before the Senate and answer to his tax "mistakes".  However it appears this … (0 comments)

mortgage advice: Will Hope Float Bonds on Inauguration Day? - 01/20/09 09:23 AM
After being closed for 3 days, there are no fireworks for Mortgage Backed Securities (MBS) this Inauguration morning.  In fact, they are lacking any enthusiasm as they opened lower... below the 25 day moving average and support, plunged 38 basis points searching for the next support level, and thankfully caught a slight bounce back.  Currently MBS are down 9...and rates are higher from Friday. 
Banks continue to feel the pain.  Bank of America announces they are cutting 4,000 jobs in New York.  Regions Financial is reporting losses, State Street reporting drop in profits of 71%.  Financial stocks opened lower this morning … (0 comments)

 

Elizabeth Rose - Certified Mortgage Planning Spec - Texas

Highland Village, TX

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Network Funding, LP

Address: 2800 Corporate Drive, Suite 101, Flower Mound, TX, 75028

Office Phone: (972) 244-3121

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An inside look at the mortgage market and how it might affect you.


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