Mortgage backed securities open to the downside yesterday following much better than expected economic data. Retail sales posted large gains which would typically lead to a rally in stocks and a selloff of fixed income investments. Well, as the day progressed MBS managed to move off the lows of the morning and ended up closing where they opened. A few lenders did reprice for the better as the improvement in price of MBS held through close.

This morning the Mortgage Bankers’ Association...

Palins in the Kitchen: He likes me, he really likes me!

Sarah: Todd!!!!!!!
Todd: yea hun?
Sarah: Did you see? George W. Bush loves me!
Todd: What???
Sarah: Yea, did you see? It was that old guy's fault, not mine!
Todd: hold on here ... <reading>
Todd: uhhhh, hon ... just how much of the article did you read?
Sarah: I read it Todd! Look right here! He's saying the McCain couldn't draw a crowd! you know what that means? It means...

I love listening to Pema Chodron, a western Buddhist monk that teaches the way to Enlightenment. I am currently in the midst of listening to her discuss True Happiness.

So many lessons, so little time. Why could I not come to the point I am now, back when? Why ask why? Here's where I am, now. Let the baggage fall where it may.

My biggest failing is apparently Critical Mind, peppered with a good deal of Pride, Gluttony, and Sloth. What a combination! Still,...

In 2009 :
Lo : 70 °
Hi : 85 °
Rainfall : 0.15 “ Rain fell during the 12 a.m. & 8 p.m. hours

In 2008 :
Lo : 57 °
Hi : 71 °
Rainfall : 0.00 ”

In 2007 :
Lo : 50 °
Hi : 75 °
Rainfall : 0.00 “

In 2006 :
Lo : 53 °
Hi : 83 °
Rainfall : 0.00 “

In 2005 :
Lo : 69 °
Hi : 82 °
Rainfall : 1.10 ”** Record Wettest

In 2004 :
Lo : 67 ° ...

Homeowners across the US are asking if they qualify for the Obama refinance campaign. The program is suppose to assist approx 4 million home owners with some type of re-structuring of their current mortgage situation.
What the campaign was basically design to do is assist homeowners with an refinance their existing mortgage. There would be no “cash out”. Just reducing the rate. Most people looking to refinance have rates in the 6.5 to 7.5% range. When the rates were approaching 4.5%,...