| Oct 4, 2011 5:16PM The answer to the question posed in the headline will turn out to be "not in the slightest." But if you happen to have time for more than once sentence, I put together a few charts to back up that claim. Before we look at the MBS and Treasury charts, what's all this about a stock rally? In case you missed it, stocks came roaring back in the last hour of trading. The S&P gained over 40 points... Absolutely huge reversal... Looks like this: Now take a look at YESTERDAY'S S&P CHART which showed... Oct 4, 2011 11:34AM "As previously announced, Bank of America Home Loans plans to exit the correspondent mortgage lending channel and focus entirely on retail distribution for its mortgage products and services. After a comprehensive review of market opportunities, Bank of America will close its Correspondent Lending channel by the end of 2011 , following an orderly transition with Clients. Effective immediately, no new Negotiated Trade pool or flow trades will be offered. Best Efforts and Mandatory locks will be accepted...
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