MBS RECAP: Week Starts Strong as Bonds Move Further (Back) Into Range

Up until roughly September 9th, yields had been holding inside a narrow, consolidating range for nearly 3 months.  They’ve since spent most of the past two weeks in higher territory and only began More »

If Donald Trump wins debate, stocks likely to tank

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Thornburg, Sindeo, and Caliber News; DU 10.0 Changes; Freddie to Tweak Underwriting?

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Ahmadinejad allies say Iran leader told him not to run again

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Sales of new homes tumbled 7.6 percent in August

Cars New, Used, Financing, Car Deals, Rankings, See all » Article source: http://www.usnews.com/news/business/articles/2016-09-26/sales-of-new-homes-tumbled-76-percent-in-august More »

MBS RECAP: Week Starts Strong as Bonds Move Further (Back) Into Range

Up until roughly September 9th, yields had been holding inside a narrow, consolidating range for nearly 3 months.  They’ve since spent most of the past two weeks in higher territory and only began reentry on Thursday and Friday of last week.  

When yields break outside this sort of range and then return to the range boundary as they did late last week, it’s never a given that they will re-enter.  In fact, many times we see a bounce at that range boundary as if to say “been there, done that… not going back.”

But as far as “going back” is concerned, bonds seem to be fairly warm to the concept so far.  10yr yields dropped nearly 4bps today, hitting the 3pm close just under 1.59.  That’s under the lowest possible “ceiling” that we’d been tracking when the range was in force.

All this having been said, if we want to stick to the lower ceiling as our benchmark for reentering the range, then today is only day one.  As such it would be easier to get excited about recent strength if we spend another day trading in the 1.5’s (or with Fannie 3.0s over 104-00). 

Article source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/662282.aspx

Puration Inc. (PURA: OTC Pink Current) | USMJ Dividend of PURA Stock

USMJ Dividend of PURA Stock

Sep 26, 2016

OTC Disclosure News Service

Dallas, TX

– <![CDATA[

]]>

Dallas, TX – September 26, 2016 –
North American Cannabis Holdings, Inc. (USMJ) and Puration, Inc. (PURA) plan to
announce tomorrow, September 27, 2016, the date of record on which all
shareholders holding USMJ stock will be eligible to receive stock in PURA.

 

USMJ entered the cannabis sector in
2013 with a strategy to pilot various cannabis sector enterprises.  The Company planned to facilitate the
financing necessary to expand successful pilot projects by spinning projects
off into standalone public companies. 
PURA is the first spinoff. 
Last year, PURA acquired pilot project assets from USMJ in exchange for
PURA preferred stock.  A portion of
the PURA preferred stock was designated for conversion into common stock and
issuance to USMJ shareholders.  The
two Companies plan to announce tomorrow the date on which USMJ shareholders of
record will be eligible to receive PURA stock.

 

More details on the two Companies
is available on their respective websites:

 

USMJ – $2 Million 12 Month
Cannabis Themed Restaurant Revenue Plan;  Overall Dividend Strategy
First Planned Dividend

 

PURA – $3
Million Cannabis Extraction 1st Year Revenue Plan

 

To
learn more about Puration: 
http://www.purationinc.com

Follow Puration on Twitter: https://twitter.com/Puration710

Visit Puration on Facebook: https://www.facebook.com/puration/ 

To learn more about North American
Cannabis Holdings: 
http://www.growusmj.com.

Follow the Company on Twitter: https://twitter.com/US_HEMP 

This press release contains
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), and as such, may involve risks
and uncertainties. These forward looking statements relate to, amongst other
things, current expectation of the business environment in which the company
operates, potential future performance, projections of future performance and
the perceived opportunities in the market. The company’s actual performance,
results and achievements may differ materially from the expressed or implied in
such forward-looking statements as a result of a wide range of factors.

Puration Contact:
Brian Shibley, CEO
info@puraitoninc.com
+1-214-937-9097

USMJ Contact:
Steven Rash 
Phone: +1-972-528-0162 
Email: 
Info@growusmj.com

 

 

 

 

 

 

 

Copyright © 2016 OTC Markets. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/PURA/news?id=141271

New home sales dump in August

New single-family home sales forsaken in Aug from an unusually-high series of sales in July, yet still available an boost from final year.

Sales of new single-family houses in Aug decreased 7.6% monthly to a seasonally practiced annual rate of 609,000, according to a news from a U.S. Census Bureau and a Department of Housing and Urban Development. This is still, however, 20.6% above final year’s guess of 505,000.

“After a plain July, new home sales came behind to earth a tiny bit in August, yet final month’s information still offer some decent news for a market,” said Zillow Chief Economist Svenja Gudell.

Although new home sales did dump in August, it doesn’t come as much of a warn deliberation that Jul saw a biggest gain given a housing bust.

“New home sales changed reduce in August, yet sales were during an enlargement high in Jul and a longer-term trend stays certain due to clever homebuyer demand,” Nationwide Chief Economist David Berson said.

In fact, one consultant forked out that August’s new home sales are still adult significantly from final year, bringing adult altogether expansion for a year.

“New home sales in Aug grew strongly, and capped a best 12-month camber given Sep 2008,” Trulia Chief Economist Ralph McLaughlin said. “Post-recession, homebuyers continue to spin to new homes as a register of existent homes on a marketplace dwindles.”

The median sales cost of new homes in Aug saw a poignant diminution from July’s $294,600 to $284,000. On a other hand, a normal sales cost decreased, yet usually somewhat from $355,800 to $353,600.

“Builders have been focused on a aloft finish of a marketplace for most of a past few years, yet there are petrify signs rising that some-more courtesy is now being paid to a reduce finish — new homes labelled in a $200,000-$299,000 range, only next a median price, saw a biggest burst in sales activity,” Gudell said.

“The median cost of a new home is still aloft than a median cost of an existent home, yet as some-more homes come on line, we design to see prices continue to alleviate as a year winds down, however modestly, that will give buyers a tiny bit of respirating room,” she continued.

The seasonally practiced guess of new homes for sale during a finish of Aug was 235,000, a supply of 4.6 months, adult from July’s 4.3 months.

“While new home sales are assisting homebuyers compelled by low resale inventory, a share of all home sales done adult by new homes is still low,” McLaughlin said. “In August, new home sales represented about 11.5% of all sales, that is reduction than half of a pre-recession normal of 23.6%.”

Article source: http://www.housingwire.com/articles/38122-new-home-sales-drop-in-august

Bunk Beds