Richard Giannotti

Husband | Dad | Former Player | University of Miami | LA Angels | STL Cardinals 🎬 HBO Ballers | Wealth Management

[Richard Giannotti @_Giannotti]

PUBLISHED‼️ @Kiplinger https://t.co/ATUWhI69Zn

[Kiplinger @Kiplinger]

Professional Athlete Money Mistakes We Can All Learn From https://t.co/7m5iHNCkR0

[Philadelphia Phillies @Phillies]

All-Star Zeus ⭐

Jesús Luzardo has been named an All-Star for the first time in his career!

[Joe Pompliano @JoePompliano]

BREAKING: The USMNT's win against Bosnia-Herzegovina averaged 24.4 million viewers on Fox, peaking at 31.8 million.

That makes it the most-watched soccer telecast in English-language U.S. history.

[Richard Giannotti @_Giannotti]

Can we please make this Happen Seattle? https://t.co/1AUwYpNauV @SoundersFC @USMNT @usmntonly @getnickwright @EricStangel @MickeyMoniak #USA @JasonFox29

[Richard Giannotti @_Giannotti]

@davehydesports Your words were the voice of so many growing up in south florida. Thank you for all the color commentary and insightful passages. Best of luck on the next chapter!

[Richard Giannotti @_Giannotti]

Thanks for having me - the students were great!

[Nicholas P. Smith, PhD @nicksmithMA]

@_Giannotti lessons from Richard and its application to success! @FIUSRM

[Nicholas P. Smith, PhD @nicksmithMA]

@_Giannotti lessons from Richard and its application to success! @FIUSRM

[Richard Giannotti @_Giannotti]

@OleTimeHardball Ichiro. Quick to the ball to close ground. Deadly accurate.

[MLB @MLB]

A go-ahead BIRTHDAY BLAST for Mickey Moniak!

It's a 6-run @Rockies inning ⛰️

[Richard Giannotti @_Giannotti]

🔥🔥🔥🔥

[Ben Stevens @BenScottStevens]

What Jai Lucas has done in his 1st year at Miami is REMARKABLE.

The Hurricanes went 7-24 a season ago.

Miami just won its 26th game of the year in the NCAA Tournament.

That 19-win improvement ties the BIGGEST win total turnaround in D-I men’s college hoops history.

[Richard Giannotti @_Giannotti]

Honored to go from athlete to wealth advisor and spend time today with one of the brightest strategists in our industry @LizAnnSonders - always a student of the game, on the field and in finance.

[Michael Antonelli @BullandBaird]

If you talk to retail investors at all, take this for Monday.

[Richard Giannotti @_Giannotti]

As a father, this hits different - The beautiful side of sports and the moments they can give us unexpectedly.

[Nick Sortor @nicksortor]

🚨 AMAZING: Following Team USA’s INCREDIBLE win today over Canada, the team brought out their late teammate Johnny Gauddreau’s 2 and 3 year old kids out for their team photo

These kids will treasure this memory FOREVER.

Look at their smiles! 🇺🇸❤️

[J.P. Hovey @jhovey34]

This will go down as the most heart wrenching clip of the year.

Johnny Gaudreau gets to look down from heaven and see his kids celebrate a gold medal w/ Team USA and his parents soak it in from the stands.

That hockey brotherhood is special 🙏🏼

[SportsCenter @SportsCenter]

THE MOMENT THAT SECURED GOLD FOR TEAM USA MEN'S HOCKEY 🇺🇸

(via @NBCOlympics)

[Richard Giannotti @_Giannotti]

Go 🇺🇸 !!!!!

[BucciOT.Com @Buccigross]

Greatest save in USA Hockey History.

[Miami Hurricanes @MiamiHurricanes]

CANES WALK IT OFF 🙌🥶

[Richard Giannotti @_Giannotti]

🎯🎯

[Peter Schrager @PSchrags]

Put a beat to this.

Impressive opening missive from Jeff Hafley in Miami today.

[Marc Hochman @MarcHochman]

Crying laughing in the @1043wqam studios today when @FrankCaliendo talked about Tua’s future with the Dolphins as Joe Biden & then Trump…

[Bill Ackman @BillAckman]

President @realDonaldTrump and @SecScottBessent, and @pulte, I have a simple idea on how to lower mortgage rates and spreads:

One of the unique features of U.S. conventional mortgages is that they are prepayable at any time without a penalty.

While this feature is attractive for homeowners, it comes at a significant cost as buyers of mortgage backed securities (‘MBS’) require a significant increase in spread to compensate them for giving the borrower the option to prepay at anytime.

Why don’t Fannie and Freddie also offer non-prepayable mortgages where if the borrower wishes to prepay the loan, he would have to pay a prepayment penalty?

I asked one of my friends who is an expert and large investor in MBS what the estimated savings today would be on a 30-year Fannie/Freddie mortgage if the borrower would be locked out from prepayment other than by paying a penalty?

He estimated that the savings would be about 65 basis points.

So a borrower could have a choice:

Obtain a 30-year prepayable mortgage at today’s ~6% rate,

or at a 5.35% rate, but with the obligation to pay a prepayment penalty if he/she refinanced in the future.

The loan could also be made to be portable so that if the home is sold, the new borrower could assume the loan and no prepayment penalty would be owed on a sale.

While the ability to prepay is a valuable option, locking in the 65 bps savings upfront over the life of the mortgage may be the difference between the borrower being able to afford the home and not being able to.

You could imagine that there could be different versions of this product where the lock out would be for 5 years, 10 years etc. (with different levels of savings for each, the longer the lockout, the greater the savings) and the borrower could custom design the mortgage and its prepayability to meet their life plan.

As you know, commercial mortgages work this way.

Why couldn’t the same approach be used for home loans?