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Mortgage Backed Securities and Treasuries Tank

27th May
2009
written by WC

FNM 4.o Tanks

FNM 4.o Tanks


FNM 4.0 Tanks

The Fannie Mae 4.0 Bond dropped over 200 ticks today in a major correction. All parties, banks, insurance, hedge funds ect. were selling in a big way.

The effect will be in mortgage rates on new origination rising .375 to .5 % to the 5% or so range for conforming loans with no loan level price adjustments.

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Aaron Russo – America Freedom To Fascism – Pizza Order

22nd May
2009
written by WC

Oh my!

Check out this video.

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Politiots, Uncategorized