THIS MORNINGS QUICK LOOK
- MBS – Bidens Comments Have Impact
- MARKETING – April Fools Day
- FLAGSTAR MEMO’S – Govt Overlays Lessened
- TODAYS JACKISM – Fight The Battle
MBS Pricing, Market Conditions/Information Learning Something New Every Day
KEEP A CLOSE EYE ON THIS INFORMATION
Since leaving for vacay last Friday the market has lost 21 bps. Not the end of the world but it is in a lower trading window and has been for 3 days which means could be a sign. We bounced off the ceiling multiple times today and then Biden spoke about the new infrastructure plan and infrastructure plans typically equate to inflation. In other words, someone’s gotta pay for it when you are adding $’s to the bottom line. Bonds are not a fan of that. Likely, the overnight experienced something but depending on how they took the final comments is how it will open this morning.
Click below for the opening of the markets and know it closed at 102.484 yesterday. You will know what the market thinks based on what it opens at. A good lesson in reading the market a little bit more. Slow news day today but anything can happen.
FLAGSTAR JACK FREE MBS TRACKING SITE
Password is flagstarjack
Marketing Opportunites Using Industry News Whatever is Happening Use it
USELESS APRIL FOOLS INFORMATION TO HELP YOU BE SMARTER THAN YOU ARE : )
HISTORY – NOBOBY TRULY KNOWS BUT…..
Could be back in 1582 when Council of Trent in France switched from Julian to Gregorian calendar which was around April 1st those who did not get the memo that it was the start of the new year got made fun of and was the butt of the joke by placing a paper fish on their backs. This is where stickers that say kick me got started.
Option 2 is the followers of the cult of Cybele in their festival “hilaria” latin for joyful dressed up in disguises and went around mocking fellow citizens and magistrates which was inspired by the Egyptian legend of Isis, Osiris and Seth. That sounds like fun!
Then you have the vernal equinox which is the first day of spring in the northern hemisphere when mother nature fooled people with changing and unpredictable weather. Kind of boring……….
SOME MORE HISTORIC PRANKS
In 1957 BBC reported Swiss farmers experiencing a record spaghetti crop and showed footage of people harvesting noodles from trees and they believed it!
1n 1985, Sports Illustrated made-up and article about a rookie pitcher named Sidd Finch who could throw a fastball 168 mph
In 1992, NPR ran a spot with an actor dressed up as Richard Nixon stating he was running for President again.
1n 1996, Taco bell announced it had agreed to purchase the Liberty Bell and were going to rename it the Taco Liberty Bell.
In 1998, Burger King announched a new Left-Handed Whopper and they had tons of customers come in and ask for one.
Then google usually does something every year so check out what they do this year.
Share this or whatever you like with your clients as a fun marketing idea for the day..
Flagstar Memo’s And Updates This Weeks Memo’s And Updates
GOVT OVERLAY REMOVALS
FHA – VA -USDA Min Score Goes To 620
VA Cash-Out to 100% – Max dti is 50% now
Now doing 3-4 Units on All Govy Products
FHA Gift Funds Ok with 660 Score
Jumbo Margins Reduced 150 bps Since Last Friday
VA Margins 25 BPS Today
Today’s Jackism My Daily Inspirational Message
CLICK TO OPEN PDF OF JACKISM
FIGHT THE BATTLE
Turn Times As Of This Morning Lookin Good!
