| Sep 27, 2011 5:11PM Despite a bit of a bounce back late in the day, MBS sank to 102-00 in Fannie 3.5's by 3pm today. This was the highest that 3.5's traded the morning of the FOMC announcement that sent them skyrocketing 2 points in the 24 hours that followed. Granted there's a bit of overrun from the 102-00 mark to the 101-25 "concrete ceiling" that had previously been the closing high, but the longer term chart makes it seem like we're effectively testing our right to continue to operate in this new higher range ... Sep 27, 2011 11:05AM Some things you just can't make up. Arch West died last week of natural causes at the age of 97, and when he is buried this weekend, Arch West will have Doritos sprinkled over his urn. That is because Arch was the inventor of Dorritos, a staple of road-trips and mortgage banker desk drawers all over the nation. Doritos were first introduced in Southern California in 1964 and then launched nationally in 1967, and college parties have been better ever since. Here's something that hasn't been on the...
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