Garrick Werdmuller's Blog

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Mortgage and Lending - Caliber Home Loans - NMLS# 242952

ARCHIVED BLOG POSTS

2009 

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Mortgage backed securities (MBS) prices are near unchanged (rates flat) as the prospect of increasing debt sales damp demand for fixed income assets; FNMA 4.5% coupon 102.17bps, +3bps & 4.0% coupon 100.75bps, +3bps. We will be switching the current coupon from 4.5% to 4.0% to better reflect curre...
03/31/2009

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The week ahead shapes up as an exciting one for mortgage backed securities (MBS) culminating with the important March Employment report released on Friday. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the...
03/30/2009

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Mortgage backed securities (MBS) prices gain (rates fall) as stocks globally are lower (DOW down 100) and the Fed prepares to buy notes for a second time this week to hold down borrowing costs; FNMA 4.5% coupon 102.06bps, up 17bps and the high of the session. Personal Income slipped 0.2% in Febru...
03/27/2009

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Mortgage backed securities (MBS) prices are higher, FNMA 4.5% coupon 101.80bps, +10bps (rates lower) as the Treasury prepares to sell $24 billion 7yr notes, the third auction this week of a record $98 billion in notes. The U.S. is selling record amounts of debt to revive economic growth, service ...
03/26/2009

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It's getting harde and harder to finance condos especially investment condos. They have a history of being the first to default anhd in a sea of defaults they have become a huge liability to Fanne and Freddie - I just save a deal by the skin of my teeth by going al the way to the HOA financ eman...
03/25/2009

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I have had several requests for reverse mortgage all over the Bay Area recently.  The scenario today was a gentleman aged 70 had a retirement of 400K in 2005 which is now worth 120K. He told me he was "practicing jumping from his kitchen chair". He said it jokingly but it made me wonder.   For hi...
03/25/2009

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Mortgage backed securities (MBS) prices are near unchanged (rates stable) in volatile trading; FNMA 4.5% coupon 101.81, -2bps but had been down 16bps earlier. Durable Goods Orders unexpectedly rose 3.4% in February on a rebound in demand for machinery, computers and defense equipment; the biggest...
03/25/2009

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Mortgage backed securities (MBS) prices are near unchanged (rates flat) as the U.S. prepared the first of three auctions for a record $98 billion of notes. The U.S. will sell $40 billion in 2yr notes today as the administration borrows unprecedented amounts to try and revive the shrinking economy...
03/24/2009

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This week kicks off with some monthly housing data. How much mortgage moratoriums are helping the housing sector may be seen in Monday's report on Existing Home Sales for February. New Home Sales will come out on Wednesday. Also released on Wednesday, Durable Goods Orders, an important indicator ...
03/23/2009

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Mortgage backed securities (MBS) prices are near unchanged in quiet trading with no economic data released today; FNMA 4.5% coupon 102.11bps, -3bps. The U.S. will sell a record $94 billion of notes next week as it seeks to fund spending aimed at reviving economic growth. Fed's recently purchased ...
03/20/2009
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