Greg's Blog

        May your stuffing be tastyMay your turkey plump,May your potatoes and gravy Have never a lump. May your yams be deliciousAnd your pies take the prize,And may your Thanksgiving dinnerStay off your thighs! Happy Thanksgiving Everyone! Thanks,Greg AdelmanMidwest Home Center LLC.715-483-00126...

Stocks are trading higher on news that Citigroup is set to receive a $306 Billion lifeline from the US Government, and an additional $20B in cash from the Treasury Department. In exchange, the Government will receive $27B of preferred shares, paying an 8% dividend. This is an enormous financial c...

Over the years, MMG has continued to help the mortgage community discover and understand the disconnect between the 10-year Note and Mortgage Bonds. In recent times that disconnect has been very clear to anyone in our world - but in the past 24 hours, the disconnect has been dramatic. Since yeste...

Mortgage backed securities were off about 40 bps this morning, but are only off 9 bps currently.  I would continue to float and see if they continue to improve throughout the day.  Risks favor: Floating into Jobs Report Current Price of FNMA 6% Bond: $101.31, -34bp Mortgage Bonds are down sharply...

Risks favor: Floating, with a finger on lock trigger Current Price of FNMA 6% Bond: $100.12, +19bp Mortgage Bonds are trading a bit higher, but already far off the best levels of the day. In a speech this morning, Richmond Fed President Jeffrey "The Dissenter" Lacker, said the US economy was defi...