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MBS AFTERNOON: Primetime to Take Profits on Your Pipeline

by Adam Quinones

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Heading into the 5pm marking period, the FN 4.0 is +0-08 at 99-05 yielding 4.09% and the FN 4.5 is trading +0-08 at 101-24 yielding 4.287%. The secondary market current coupon is 4.179%. The CC is +75/10yr TSY and +64/10yr swap.

Below is the FN 4.5. Quite the post auciton recovery!

This is a primetime to take profits on your pipeline. Everyone have a great weekend.....

Data provided by Thomson Reuters
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Rodney | Contact or Connect with this Member

Have a great weekend yo'self, AQ!

Ray J | Contact or Connect with this Member

locked another one...been waiting for over a month for this afternoon's pricing

Edgar | Contact or Connect with this Member

A little MIA this week as biz has picked up dramatically....I started locking my loans on Tuesday and going into the weekend all but just a few are locked. Just don't think we can push much lower with rates.....AQ I have not forgot, just slammed. FHA is just about to go negative cash reserves....but don't worry the guy who looked at the books says there is no chance they go below zero with their cash reserves....impossible he says. And we all know he must be right since FHA loans require large down payments, high FICO scores and lots of liquid assets. Solid loans those FHA loans and they are as strong as ever. All these banks hiring LO's in 2010....another refi boom as the Fed push rates down to sub 4% ala Japan style???? I'm all for it, bankrupt the Fed so I can make some more money. have a good wekend.

Michael Cromwell | Contact or Connect with this Member

Have a great weekend. Floating 'til Monday!

David Haynes | Contact or Connect with this Member

You and me Michael. Rollin the dice..

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