Mike Tullio's (blueskyeguy) Blog

Mortgage and Lending - Guaranteed Rate NMLS# 2611 - NMLS #208860
 No, I'm not really a girl.  I think I had a Madonna song stuck in my head.  But the heart of my title is this: Lenders are slowly squeezing loans back into the full doc box.  If you haven't heard, no doc loans are gone (other than hard money).  In fact, any loan with the word NO in it is virtual...
 No, this is not a question about which political party you favor.  It is a question I'd like you to consider.  I was jogging on the treadmill in the gym this morning burning off some holiday grease and I saw this news blurb come on about a moose that fell through the ice.  Rescuers did some fanc...
    So it's really going to happen: http://www.msnbc.msn.com/id/22606833/It's funny.  I've seen quite a few posts about this in the past week.  Rumors of CW going BK.  Rebuttals from the PR spin doctors at Countrywide.  Every prediction under the sun from media pundits to the fine folks in AR.  A...
Is anyone else having a hard time keeping up?  Just when you think you learn the new rules of lending, they change.  You study program guidelines, check out lender websites, grill your account execs, and tattoo new Fannie Mae manuals on your forearm to no avail.  I'm just too slow.OK.  100% No Do...
 Proverbs 23:7 "As a man thinketh, so he is."  What if a man thinketh way too much and doesn't doeth anything about it?  Then we have a serious real estate log jam with inventory out the ying-yang.  Being a mortgage consultant, I see the financial side of real estate transactions and it seems lik...
OK, the title is a little misleading.  The cutting remarks I'm referring to aren't the ones that professional wrestlers hurl at one another before grappling on the WWE.  I'm talking about the ones the Federal Reserve (more specifically, the FOMC) are in charge of implementing.  Recently there hav...
 It blows my mind, but back in 1939, an author did publish a 50,000 word book, "Gadsby", without using an "e".  Crazy, I know.  What an amazing thing to accomplish.  This Wright guy had such focus and insight; his singularity of thought did allow him to attain his goal.How was a story told this w...
So it's been a little over two weeks (since joining) and close to 5,000 points later and I'm asking for some help from my AR brethren.  I've got a couple of questions; feel free to chime in and let me know what you think.1. I know that posting to my blog helps my name come up first on a Google se...
OK.  It's January 4th and if we're honest, many of the resolutions we made, both personal and business, have been compromised.  We've snuck some chocolate, slept through our alarm rather than go to the gym, and chewed on our fingernails in a nervous moment.  But take heart!  If you set goals that...
 I was talking with one of my loan officers yesterday who was struggling with putting deals together and finding leads.  He was telling me how hard things are and how it seems like lenders are constricting their guidelines.  True.  He mentioned how difficult it is to put loans together.  True.  H...

Mike Tullio

VP of Mortgage Lending
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Relevant ramblings, mortgage morsels, and interesting insights for your brain tastebuds.