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Do you expect the home buyer tax credit extension to contribute to a noticeable pick up in loan production?

Created By: Adam Quinones
  • Yes, I anticipate an increase in activity (25.9%)
  • Only a modest upturn in production (45.2%)
  • Nope. 2009 demand stole from 2010 demand (28.9%)

Federal Reserve MBS Purchase Program





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MBS ALERT: Initial reaction to auction BAD
by Matthew Graham
Posted
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reprices for the worse likely on the way.  more to be appended shortly...

 

Data provided by Thomson Reuters
Secondary Marketing Managers and Capital Markets Desks, if you are interested in subscribing to the same fixed income and mortgage market data we use:CLICK HERE.

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J B  |  Contact or Connect with this Member
on
I had a feeling that was going to happen with Russia saying that may sell off the Treasury supply it sounds like they have.
kkhanna1979  |  Contact or Connect with this Member
on
Wow...I have never seen rates run up over 1% in 3 weeks before...This is what happens when you print money to get rid of a problem! I knew this auction would not go off as well and so did the Adam Q I believe say it might not go off well. 6% PAR by end of today or tomorrow!
dmm  |  Contact or Connect with this Member
on
I am just curious to see what else the FED can do right now to help this problem.
Bobby Downey  |  Contact or Connect with this Member
on
Why didn't the FED step in and buy up the TSY auction at a reduced bid...there was talk of the treasury making a big purchase of some sort today. What are they buying? If they are buying MBS they are just throwing their money down the drain...Anyone know what moves they made or are supposed to make today??
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