MBS Commentary - All Comments

re: MBS CLOSE: Extremely Flat, Range-Bound Week

Dan Clifton — Fri, 20 Nov 2009 23:51:30 GMT

Matt and Adam, another great week of coverage thanks. The info and stream is invaluable. 9 times out of 10 i press the lock button at right time because of it, maxmizing my profits but more importantly exceeding the borrowers expecations.

re: MBS MORNING: Reminder of Rates Reality

JOHO — Fri, 20 Nov 2009 19:12:36 GMT

No point in getting greedy unless you only have 2 loans in the pipeline and need every penny!. Take the money and run! Lock and reload!

re: MBS MORNING: Reminder of Rates Reality

Jeff Anderson — Fri, 20 Nov 2009 19:03:52 GMT

Thanks, AQ. There's an Xmas card with your name on it coming soon. Lock and load!

re: MBS MORNING: Reminder of Rates Reality

Kelcey Morange — Fri, 20 Nov 2009 18:41:27 GMT

"Stategery" is definitely being added to my prime full rotation word list.

re: MBS MORNING: Reminder of Rates Reality

Adam Quinones — Fri, 20 Nov 2009 18:02:29 GMT

I know I am really driving home the lock bias..its only because I love you guys. Tear.......HAHA :-D

re: MBS OPEN: Choppy Benchmark Prices. Sideways MBS Movement

Belinda Price — Fri, 20 Nov 2009 17:41:59 GMT

Is anybody else having issues with freddie open access and the borrowers had TBandW for a former lender?

re: MBS OPEN: Choppy Benchmark Prices. Sideways MBS Movement

David Haines — Fri, 20 Nov 2009 17:40:09 GMT

raymond: Our phones are ringing a little but not near what you would think with rates this low. I picked up two new loans since yesterday AM.

re: MBS OPEN: Choppy Benchmark Prices. Sideways MBS Movement

Michael Cromwell — Fri, 20 Nov 2009 17:28:02 GMT

Lock! Good stuff AQ. Unfortunately, I have floaters that I just can't due to UW issues. They're issues that should get resolved, but I can't risk it. Guidelines, and an UW's interpretation of those GL's, are 2 very different things these days. Plenty of cushion though if rates swing up some next week. Edgar's probably writing a story for us right now. I enjoy his posts.

re: MBS OPEN: Choppy Benchmark Prices. Sideways MBS Movement

Raymond J Ruddy III — Fri, 20 Nov 2009 17:22:19 GMT

phones are not ringing...man...anyone else?

re: MBS OPEN: Choppy Benchmark Prices. Sideways MBS Movement

David Haines — Fri, 20 Nov 2009 16:41:26 GMT

Where's Edgar? This sure looks like the beginning of round two of the recession to me. Housing sux and stocks are overbought with cheap money. Where do we go next?

re: MBS OPEN: Choppy Benchmark Prices. Sideways MBS Movement

Adam Dahill — Fri, 20 Nov 2009 14:45:49 GMT

You heard it from AQ. Rates are great and we are moving sideways. We could go higher and we could go lower. We've been pretty stable for the past few days, today is Friday so beware the Friday selloff. Lock up your floaters, and start all over again filling the boat.

re: MBS OPEN: Choppy Benchmark Prices. Sideways MBS Movement

Adam Quinones — Fri, 20 Nov 2009 14:41:40 GMT

Good Morning Everyone...

re: MBS AFTERNOON: Testing Limits of Range

JOE — Fri, 20 Nov 2009 02:18:39 GMT

Thank you Fed!!

re: MBS AFTERNOON: Flat on the Day With Room to Move Lower

Adam Quinones — Thu, 19 Nov 2009 23:06:41 GMT

not very exciting post? want to talk about forced buying in both ends of the yield curve? The curve steepened. MBS trading was somewhat boring today....supply is slowing and most of the trading flows occurred when MBS yield spreads widened up vs. benchmarks. Up in coupon was clear winner, so my AM strategy to buy 5.5s and 6.0s was profitable, albeit only a tick or a tick+. Mortgage rates holding near 6 month lows....dont sit on floats too long.

re: MBS ALERT: Lows Of The Day, But Still Within The Range

Dan Lebovics — Thu, 19 Nov 2009 20:40:45 GMT

I saw BC today in the comics section of today's newspaper. ;-) Seriously, the level of expertise here at MND is completely unmatched anywhere else. I've tried other services and it's not even close. It seems like the window of mbs price movement and lender repricing is narrowing and will continue to narrow, so only services such as what MND offers will be sufficient to be able to take advantage of those opportunities.