Garrick Werdmuller's Blog

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Mortgage and Lending - Caliber Home Loans - NMLS# 242952
RECENT BLOG POSTS
Mortgage backed securities (MBS) prices are higher (rates lower) as money flows out of the stock market and into less risky fixed-income assets, like MBS; FNMA 4.0% coupon 100.27bps, +16bps. Low interest rates and falling home prices are giving only a limited boost to home sales, according to Mor...
05/13/2009
Mortgage backed securities (MBS) prices opened lower (-19bps) after Fed Chairman Bernanke's comments yesterday that he is encouraged by U.S. banks' plans to raise capital after government stress tests and with increased speculation the worst of the world wide recession may be over reducing demand...
05/12/2009
Mortgage backed securities (MBS) prices opened strong (rates lower) but have since retreated as Fed Chief Bernanke testifies about the economic outlook before Congress's Joint Economic Committee and before the Treasury auctions $35 billion of 3yr notes later today; FNMA 4.0% coupon 100.19bps, +5b...
05/05/2009
Mortgage backed securities (MBS) prices are lower (rates higher) for a 4th day in a row as credit markets thaw and speculation grows that the worst of the global recession may be over; FNMA 4.0% coupon 99.84bps, -19bps. Treasury plans to sell record amounts of securities, including $71 billion ne...
05/01/2009
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
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
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Garrick Werdmuller

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