THIS MORNINGS QUICK LOOK

1.  MBS – 50 To 200 Day Moving Average Meaning
2.  PRODUCT HIGHLIGHT – To Be Determined Files
3.  MARKETING – Refinance Comparison Tool
4. TODAYS JACKISM – One Eulogy That Can Change Who You Are
5.  FLAGSTAR MEMO’S – Extension Of COVID Tolerances

MBS Pricing, Market Conditions/Information Learning Something New Every Day

WHAT ARE THE MOVING AVG’S AND WHY DO THEY MATTER

When traders are viewing charts they look at many different indicators and one of those indicators is the moving averages of bond prices or yields over the recent history. 

For us we look at the 25, 50, 100 and 200 day moving averages using the SMA which means Simple Moving Average.

The SMA for example is taking the last 50 days ending yield on the 2.5 MBS coupon and adding all of them together then dividing by 50. It is a great indicator giving us an additional ceiling of resistance or floor of support in addition to the current trading window which is marked by Fibonocci Levels. I will explain that tomorrow : )

As you can see we are currently up against the 50 day causing resistance to giving us better rates right now.

FLAGSTAR JACK FREE MBS TRACKING SITE

Password is flagstarjack

Product Highlight of the Day Knowledge Gives You the Edge

TBD WILL RETAIN MORE CLIENTS & FASTER CLOSINGS

Realtors Want Real Approvals
Borrowers Want To Know They Are OK
LO’s Want Repeat Business and Referrals

Flagstar offers REAL fully underwritten approvals with a loan number. 
Get your files cleared and ready for an offer.

Then upload Purchase Agreement, Title and Appraisal and you are clear to close.

All products allow fully underwritten TBD at Flagstar.

Marketing Opportunites Using Industry News Whatever is Happening Use it

WHERE DO YOU COMPARE ON YOUR COMP PLAN?

Part of getting deals is not only where is your lender priced but also where are you priced.

I have 49 different brokers that I work with. I also work with non-del, del and bulk. Here is the comp for lender paid brokers and how many are at that comp. It is a good indicator of where you are in the overall mix in our region. If you are heavy govy vs conv typically those are the higher priced brokers. 

100 bps – 1 broker (jumbo lender)
125 bps – 1 broker (single person shop)
150 bps – 2 brokers
175 bps – 1 broker
200 bps – 8 brokers
225 bps – 7 brokers
230-237.5 – 1 broker each
250 bps – 9 brokers
275 bps – 18 brokers

Flagstar Memo’s And Updates This Weeks Memo’s And Updates

GOVT OVERLAY RE-INSTATEMENTS

See attached memo for Govt loan overlays going away.
We hope to have manual underwrites back very soon. 

GOVT OVERLAY UPDATE MEMO

Turn Times As Of This Morning Lookin Good!