ARCHIVED BLOG POSTS
2010
4
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I thought that this may be good idea to create a thread for all to view and add to the list of Lenders, whom didn't follow suit with Bank of America's step to increasing the minimum fico score to obtain an FHA loan. As many of you may have heard, Bank of America (NOT FHA) raised their minimum fi...
10/29/2010
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The GDP shows growth, but at an extremely slow pace. Not enough to help with the Unemployment issue. Of course, this is just first release, which there will be 2 additional revisions to this release. The Cost of Employment shows that costs for Labor are under control. The Chicago PMI and UofM Co...
10/29/2010
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It appears to be a correction day, as the Stock Market ended Mixed. The Initial Jobless Claims improved, even though it's still a concern. Earnings reports were decent (in general). The Bond Market benefited with a nice rally and closed out with Mortgage Rates comparable to Tuesday's pricing. To...
10/28/2010
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Another miserable day for Bonds, and the Stock Market joined it today. Reports are starting to trickle out now that the Fed isn't going to do as much as most anticipated. Some are thinking their Quantitative Easing measure will be in the neighborhood of $250 bln for 3 months, which many believed...
10/27/2010
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The Stock Market is a bit Mixed at the moment. The Case-Shiller Home Index was Down, while the Federal Home Finance Adm. Index is Up. Consumer Confidence finally went Up a little bit. Something to ponder is why the Consumer Confidence is Up -Is it because Election Day is around the corner? Just ...
10/26/2010
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The only economic news release for today is the Existing Home Sales, which improved by about 400k from the previous month. It's still low compared to last year, but personally, I don't believe you should compare it to last year's numbers as those numbers were skewered from the Tax Credits ...
10/25/2010
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No economic news releases today, so it's all on the Technicals. The Stock Market is mixed. Various earnings reports in various sectors are emerging and of course, some great, and others not so great. The Top 20 Group Summit will be meeting in S Korea this weekend, which the finance ministe...
10/22/2010
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The economic news releases today begin with the Jobless Claims, which dropped from previous week, but it's still high (above 450k level). The Leading Indicators and Philadelphia Fed both showed some improvement, but the improvement is only very slight. The Stock Market started Up, but some of th...
10/21/2010
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The only economic news release scheduled for today is the Fed Beige Book at 11am PST. The Market is looking for specific information on the QE2 (Quantitative Easing, second round). Bond Traders are wondering if any of the comments by Lockhart yesterday are any indication of what will be released...
10/20/2010
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There isn't any impactful economic releases today, but we did see Housing Starts go Up and Building Permits go Down. Also, in the news reports were the surprising move by China, which they raised their interest rates to stave off inflation. Some disappointing earnings reports, especially by B of...
10/19/2010
