re: MBS RECAP: Bond Markets Tag-Teamed By ECB, FOMC, and NFP

Matthew Graham — Mon, 28 Jan 2013 03:48:34 GMT

Much appreciated Frank.

re: MBS RECAP: Bond Markets Tag-Teamed By ECB, FOMC, and NFP

Frank Ceizyk — Sat, 26 Jan 2013 05:04:49 GMT

It's funny--4 years ago before I really understood "GUTFLOP" and thought I was a fledgling bond analyst (before MBS was an acronym I even knew) a day like today would have had me cursing and depressed and angrily looking for the black cloud to kill the silver lining of better than expected global or domestic economic news so I could get back to trying to manage my lock in decisions 'day trader' style. Now it's sell the benefit or the payment threshold--ask the client about their risk threshold--and GUTFLOP accordingly. This MBS knowledge base should be part of NMLS licensing every year. We're in the business of rates and fees--and it is incredible to me that it is not mandatory that MBSonMND and GUTFLOP be part of the education for new licenses and yearly continuing ed. Not to mention the fact that the extra knowledge base and being able to deliver what you quote allows for a helluva lot of at the closing table referrals...haven't said it in a while--but thanks to Matt and the MND crew for all you do for this community.