Garrick Werdmuller's Blog

By
Mortgage and Lending - Caliber Home Loans - NMLS# 242952

ARCHIVED BLOG POSTS

2009 

Mortgage backed securities (MBS) prices are little changed after the government said it plans to sell a record $71 billion in long-term debt next week and before the Treasury Dept. will sell a record $26 billion of 7yr notes today. The administration needs to finance its unprecedented fiscal stim...
04/29/2009
On May 1st Fannie Mae and Freddie mac will implement the home valuation code of conduct. This will change the real estate transaction forever. How does it effect you? Watch the video...   https://www.thinkbigworksmall.com/public/showArchiveVideo/2124/4510  
04/28/2009
Welcome to The BUZZZ! 04_28_2009 On May 1st Fannie Mae and Freddie mac will implement the home valuation code of conduct. This will change the real estate transaction forever. How does it effect you? Watch the video. https://www.thinkbigworksmall.com/public/showArchiveVideo/2124/4510
04/28/2009
Mortgage backed securities (MBS) prices opened positive on concern the outbreak of swine flu may hamper global economic growth and that U.S. banks may need additional capital, stoking demand for safer fixed income assets, like MBS. Prices reversed course after a report showed consumer confidence ...
04/28/2009
Sound Familiar?  That's what I was told today right before I entered a seemingly endless world of run around and horrible service! When I called the escrow company someone picked up right away and everyone was quite pleasant, however, as soon as I went to the REO department it was a different wor...
04/27/2009
Mortgage backed securities (MBS) prices are lower (rates higher) as investors brace for the $101 billion of 2, 5 & 7yr notes slated to be sold next week; FNMA 4.0% coupon 100.05bps, -4bps. Traders also are focused on the preliminary results of tests of U.S. banks, fearing some are still strugglin...
04/24/2009
Mortgage backed securities (MBS) prices are higher (rates lower) in quiet trading as stocks indexes fell and the Fed prepares its first purchase of U.S. debt this week to combat the recession and bring down consumer borrowing costs; FNMA 4.0% coupon 100.30bps, +16bps and just off the high of the ...
04/21/2009
Mortgage backed securities (MBS) prices are higher (rates lower) as stock markets are falling and the Fed prepares to buy U.S. debt twice this week; FNMA 4.0% coupon 100.06bps, +22bps. The DOW, NASDAQ & S&P 500 are all down over 2% pulling money out of equities and into fixed income assets like M...
04/20/2009
Mortgage backed securities )MBS) prices are lower (rates higher) in quiet trading as the market takes a breather after a wide range of economic data released this week; FNMA 4.0% 100.05bps, down 12bps. The two major influences lately on MBS prices has been inflation & Fed purchases; inflation is ...
04/17/2009
Mortgage backed securities (MBS) prices fell (rates higher) as investors seek higher yields amid concerns borrowing by the Treasury will overwhelm demand and signs the economy is stabilizing; FNMA 4.0% coupon 100.33bps, -6bps. Todays economic data was mixed; Housing Starts reversed course in Marc...
04/16/2009
Rainmaker
53,336

Garrick Werdmuller

Contact The Author