MBS OPEN: Getting Defensive as Market Sorts Out Mixed Messages

Posted To:MBS Commentary

The bond market opened to an unfriendly interest rate environment. While modest overnight improvements in global equities were not a helpful catalyst toward our “relief rally”, the most influential pre-market headline was news that the Obama Administration was planning on getting more involved in the financial markets, this time with a proposal to limit the size of banks and their risk taking/profit making strategies. Ironically, shortly thereafter Goldman Sachs announced a $4.95 billion Q4 profit which works out to $8.20 a share on $9.62 billion in revenue. Estimates called for $5.20 a share on $9.65 billion in revenue. Goldman tightened up by reducing its bonus pool (good timing) and donating $500 million to charity. READ MORE . Goldman continues to be the preeminent trading firm…(read more)

This mortgage update is brought to you by: Adam Quinones – You can read the full article at MBS OPEN: Getting Defensive as Market Sorts Out Mixed Messages

Comments

• Mortgage Resources

  • Home Loan Information

• Mortgage Information

• Featured Articles

  • How to Find Bad Credit Home Refinancing Option With Better Interest Rates
  • MBS LUNCH: Still In Bad Shape, Bleeding Stopped For Now
  • What Can a Bad Credit Home Refinancing Do For Me?
  • Econ Data Favors Bonds. Risk Loses Bid. Markets Noncommittal
  • How to Keep Your House When Not Making Payments
  • New FHA Compliance Manager; Long Road of Housing Reform Ahead; Short Sale Primer; PMI Freddie Mac Approved; FHA Delinquencies
  • HUD Recovery Funds Create Nearly 9,000 Jobs
  • New Loan Limits Set For FHA Mortgages and FHA Refinance Loans
  • Quick Highlights on Refinancing Cost
  • Information on Remortgage
  • Exclusive Mortgage Broker Lead
  • Need Money? How About a Second Mortgage Or a Home Equity Line of Credit?
  • Factors to Consider When Considering Remortgages
  • The Best Lock/Float Strategy MND Can Offer Originators
  • Refinancing Your Fixed Rate Mortgage – Tips

• Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org