Mortgage Apps for the week ending 6/26 came in at -1.8%, after the previous week at -8.7%. The past two negative reports come on the heels of several weeks of positive readings. Another report out today is Ward's Vehicle Sales for June. Pundits are looking for +13m units, after a +12m reading in May. Auto is tracking Housing as two of the most positive legs of this multi-legged stool we call...
Five Minute Maturity
Jim Tait, Head/MBS Trading
Macro & Rates Commentary
Doug Ingram, Financial Economist
U.S. Treasury auctions are coming at (or near) record low yields and at ever–increasing sizes. Though a reckoning will come at some point for the unchecked growing debt, it doesn’t appear at hand. Yields have a low due on June 29th, interim highs near July 8th and July 20th, and a more important window for lows near July 24th/28th. MBS spreads (FNMA 30–year 2.5%) widened .. See More
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With over 800 active loan clients, the Banes Capital Group Whole Loan Trading Desk is one of the more active in the country, trading a spectrum of loan products from residential scratch and dent (SND) pools, to performing portfolio loans, Commercial Real Estate and non-performing loans (NPL).
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About BCG Loan Trading, The Whole Loan Trading Desk for Banes Capital Group
Writing with the benefit of 30+ years of capital markets experience, Doug Ingram explores the factors affecting the current U.S. and global rates markets.
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