| Nov 22, 2011 1:27PM The National Mortgage Licensing System reports that, as of the end of the third quarter of 2011, over one-quarter million mortgage licenses are held by companies and individuals under its purview. NMLS is the legal system of record for part or the mortgage licensing in 47 states, Puerto Rico, and the District of Columbia. It does not grant or deny license authority but manages licenses for the various state agencies. According to the report covering the first three quarters of the year, 16,776 companies... Nov 22, 2011 4:25PM Actually, there may be more than two good reasons to play it safe with your lock/float approach at the moment. And as always, there are counterpoints that suggest a roll of the dice. But what there are certainly too good charts to support the former assertion, and for anyone who has, in the past, ascribed to any iteration of "play the range until the range plays you," the charts will show that we've gone about as far as we can go in the context of recent MBS and TSY movement. But first, by way of...
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