Joe Iacovelli's (joeiacovelli) Blog

Mortgage and Lending - GSF Mortgage Corp
Hey, Guys just a reminder about the Golf Outing on August 7th at Mountain Branch Golf Course.   We have some sponsors and we have some golfers.  We are still looking for more sponsors and more golfers.   As this is our inaugural event we are looking for two things this year.  The first is to rais...
Just when you thought it was safe to look away from the economic calendar...the schedule for the coming week is swimming with potentially market moving events and releases. Manufacturing, producer and consumer inflation, new home construction, the insightful "Minutes" from the last Fed Meeting - ...
Hey, Don't forget the upcoming Golf Outing I posted the other day.  We/They need your support. Thanks, Joe 
The recent economic headline drought is over - this week brings a tidal wave of news and headlines, all of which will very likely have an impact on where home loan rates will head next. Remember that strong economic reports that are laced with the scent of inflation will be bad for Bonds and home...
Ok, I haven't written in awhile.  I have been very busy with the business, went to NY to see my sons and my granddaughter, Livia and I have been very busy working on this golf outing I am going to write about and need your help. If you live in Maryland and reside here in Harford County you might...
Last week, Steroid-pumped Stocks kicked sand in the face of the 97-pound weakling Bond market, and home loan rates worsened by about .125% across the board. What happened? Here's the story - money invested out in the financial markets generally flows back and forth between Stocks and Bonds. This ...
As part of those updates Fannie Mae is now eliminating the need to payoff collections or charge offs. (effective 5/19)   Could this be a change to get sub prime loans into Fannie Mae products.   I think so and I am sure there are more changes coming to get these sub prime ARMS into fixed rate pro...
I got this from several sources but thought the info might help.          This week's economic calendar is front and back-end loaded with potentially high impact reports. Right out of the gates, Monday brings the Personal Income and Spending report with the imbedded Core Personal Consumption Expe...
I probably can't say it enough but take care of your client everyday.  Check in with them by phone or email even if you aren't doing  anything - Right now.  I have a client that I have been working with since early January.  His credit scores along with the changes in the lending arena left him o...

Joe Iacovelli

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