MBS OPEN: Choppy Price Action. Stock Lever Engaged

Posted March 2nd, 2010 by Adam Quinones and filed in Fannie Mae Delinquency Buyouts
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Posted To: MBS Commentary

Good Morning. Private Residential Construction rose 1.3 pct in January. The rest of the construction spending report was abysmal. READ MORE Personal spending increased 0.5 pct in January. Personal income was +0.1 pct. Core PCE (inflation) was unchanged. The savings rate fell from 4.2 pct to 3.3 pct. READ MORE ISM Manufacturing declined to 56.5 from 57.4 in January. Foul weather can be cited as a culprit of contraction. READ MORE Federal Reserve's Vice Chairman Donald Kohn submitted his resignation. Now the debate begins as to who will replace him. A dove or a hawk? The expiration date of Fannie's DU REFI PLUS and Freddie's Relief Refi Program was extended out until June 30, 2011. READ MORE HUD launches online resource to fight loan mod scams. READ MORE Reverse mortgages get special…(read more)

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