Mortgages MAX

Posted To: Community Commentary
Have any of you thought about why we refer to the day after Thanksgiving as Black Friday? The term "Black Friday" was originated in Philadelphia during the 1960's. It was used to reference the unusual amount of traffic that was observed on the day after Thanksgiving. More recently, merchants and the media have used it, instead, to refer to the beginning of the period in which retailers go from being in the red (i.e., posting a loss on the books) to being in the black (i.e., turning a profit). We get a fair amount of calls from brokers and small mortgage bankers about the idea of partnering with a community bank. Early in my career, I had the opportunity to partner with several banks. My team and I contributed the knowledge, systems and relationships. The bank provided the capital…(read more)
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Original post by C.M. "Corky" Watts, CMB

Posted To: MBS Commentary
I can imagine that bonds stepped on the scale this AM much the same way as I did. Yes, the holiday's were good while they lasted, but things may be a bit too overweight this AM. If you weren't around for the rousing Friday that was, the main event was the Dubai Drama in which the country essentially couldn't pay it's bills on time. Given the billions of dollars on their tab, the debt markets sort of took notice–at least as much as they were able on a Black Friday. These next few longer term tsy charts show the flight to quality that ensued, among a few other things… 10 yr tsy yields Quite a lot of perspective offered here as we see the resistance and then THE RESISTANCE and though 3.0 feels a bit distant, perhaps it could then be THE RESISTANCE! In other words, yes, [...]

Original post by Matthew Graham