MBS AFTERNOON: Back to the Lows of the Day. Reprices Possible

Fun last few days....Dow/Nas/S&P do good & MBS goes the wrong way...Dow/Nas/S&P does bad MBS still goes wrong way...sheesh!...

home buyer tax credit is on it's last legs, fed mbs purchase on it's last legs, cash for clunkers is over and credit card companies are raising rates to 29.99%. Holiday spending is going to be bad as the party is over AGAIN. Hats off to DR over on MSNBC. The only person on TV to take on the massive fraud that has occured over the last 12 months by the likes of GS, C, BAC and others. And he is not some left/right wing political nut job which is nice. I think the fact that people can't understand the fact that these companies stole trillions from the US taxpayer is why you do not see more rage out there. Add the fact that most journalist have zero understanding and if they did - they don't have a sack to take a stand. Keep it up DR.

"Past performance does not predict future earnings.........." You think this is fun, it's only the beginning. Things are going to feel like "Alice in Wonderland" and we've gone down the rabbit hole for the next few months.........just wait and see.....

www.campaignforliberty.com

More Monday fun, get ready for 12/12/09-DU Version 8.0 12/12...an update to the maximum allowable total expense (debt-to-income) ratio to 45% (which aligns with our manual underwriting requirement), with flexibilities up to 50% for certain loan casefiles with strong compensating factors (except for DU Refi Plus loan casefiles); retirement of Expanded Approval® (EA) EA-II and EA-III recommendations will increase the minimum representative credit score requirement to 620 for both DU and manually underwritten loans (including government loans) FHA loans have a minimum representative credit score requirement of 640+.

http://www.campaignforliberty.com/blog.php?view=26746 check this video out...man, could it be so simple...