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Jenny Higgins - Kurt is incredibly responsive, efficient, and professional. Thank you!
John Rogerson - I found Kurt Baker to be professional and courteous during the entire mortgage process. I would feel comfortable referring Kurt to a family member or friend.
Stephanie & Robert Coulombe -This was our first home buying experience, everyone told us how tedious the mortgage process can be. We were pleasantly surprised how easy AMIC made this process for us. They understood this was our first mortgage experience and encouraged us to ask as many questions as we needed to. They explained EVERYTHING to us! Follow up calls and personal attention was GREAT! They really made us feel comfortable about our first huge investment. We would definitely recommend AMIC to anyone!
Steve Melillo - I've used AMIC on several occasions and they have always been timely, efficient and professional. I would use them again and again as their performance has always been exceptional.
John & Christine Moses - I think you guys do a great job of keeping clients informed on the happenings of the market; what the rates are; what you can expect to happen, etc.. The loan processors at AMIC are reasonable, caring and most important, knowledgable. It's their knowledge that comes through the mortgage process. I'd recommend them to anyone, and have!
Paul Rotondi - Very professional and courteous. I have used AMIC in the past for investment property and I am extremely happy with the service. Would definitely recommend to other people in need of loan or refi!
Annette Gaeta - I would highly recommend your services and look forward to future transactions. Another smooth and fine process made easy when in the hands of Alternative Mortgage professionals - Total comfort at closing table, no hidden or last minute charges.
Rhinold Ponder - They provided excellent service and offered comfort during a trying time.
Susan Anderson - In my 5 years of investing in real estate, I have dealt with other mortgage brokers. Until Now, I have not found one that does everything they say they will do to help you get approved. I would recommend AMIC and their staff to anyone seeking a pleasurable experience in obtaining a mortgage.
Peter Cino, Jr. - ... fantastic help to me. She was always accessable and able to answer all of my questions promptly and correctly. Alternative Mortgage made this normally nightmarish procedure much easier to deal with. I always felt that AMIC was my ally in this process, not an opponent.
Walter Quackenbush - Being an attorney I have dealt with many lenders both professionally and on personal matters. This, by far, was my best experience.
MBS CLOSE: Uneventful End To Uneventful Day - 4 hours ago Posted To: MBS CommentaryThough MBS were not quite as thinly traded as treasuries (lowest volume since the first trading day of 2010), the picture wasn't much better. At least that which is at risk on low volume days--volatility due to the trading that actually happens comprising a larger portion of the total--was not present. Quite the opposite in fact, as the the same trend that began to emerge early this afternoon remained intact through the close. In MBS, the 101-07 to 101-10 range covered almost everything since 1030 AM. That's a quiet, boring day. I move a lower trendline down to 3.57 on the 10yr yield to show that we're going out today at an even lower yield level than Friday. So don't let the entire day of slightly worse readings fool you... The net effect for both markets was FLAT. And in the...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.Housing Needs Job Creation. What Sort of Jobs Though? - 4 hours ago Posted To: Voice of HousingMr. O’Reilly (December 01, 2009) claims that the “new” root cause of the housing crisis is the (lack of) “jobs, jobs, jobs.” So the solution to the crisis must be (the creation of) “jobs, jobs, jobs.” I agree. But the next question is this: What sort of jobs? Consider a proposal for two, complementary jobs programs. The first is called the “Litter Scattering Brigades.” Workers are paid to strew trash along the nation’s highways. The second jobs program is called the “Litter Gathering Brigades.” Workers are paid to collect the trash strewn on the nation’s highways. The workers of the Scattering Brigade have jobs, and thus can afford a home. The workers of the Gathering Brigade have jobs, and thus can afford a home...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.Centralized Lock Desks Serve as a Gate Keeper. Source of Revenue - 5 hours ago Posted To: The Garrett Watts ReportThis was the half time scene in Miami last night at Super Bowl XLIV... I am sure many watchers were thinking: Why The Who? Maybe some of us in our 60s and 70s need to be “put out to pasture” or start “whittling wood” on the front porch. However, as a boomer, I was inspired to see these guys still rocking and rolling. I enjoyed the music and hope they keep playing. Peter Townsend will go down as one of most brilliant musical writers of all time. That’s enough about The Who and dating myself. Lets’ talk about secondary market and locking loans. One of the areas we review during our FOCIS-plus Studies is whether a company has a centralized lock process. Centralizing the lock function means all lock requests and confirmations are managed by a “gate keeper”...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.MBS AFTERNOON: Narrow And Stable Heading Into The Close - 6 hours ago Posted To: MBS CommentaryThe market is duller than a Colts victory parade at the moment. We're dealing with a fairly standard issue "calm before the storm" that we often see on a data-limited Monday when the rest of the week contains the more significant events. The supportive trends we began to note in the last post have continued to foster a narrow range of prices with almost perfectly flat directional movement. In other words, the simple existence of a "narrow range" doesn't always mean prices aren't moving. We can see narrow ranges while still moving DIRECTIONALLY. For instance, even on a 16 tick rally, if the subsequent highs and lows are only a tick or two higher than their previous marks, the line on the chart would be fairly smooth yet still be very much higher at the end of...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.MBS LUNCH: Well Off Friday's Highs, But Holding Ground - 7 hours ago Posted To: MBS CommentaryAs AQ pointed out this morning, today's slightly downward trend in MBS price began in the final hours of Friday's trading. Both MBS and Treasuries put in their best marks of the day just before 2pm, and have moved steadily downward ever since. You may notice, however, that both markets appear to be losing that negative steam near current levels. For Treasuries, that looks to be around 3.60 and for MBS, around 101-08. At the moment, the Fannie 4.5 is a tick higher than that at 101-09, but is still 5 ticks lower from Friday's closing prices. All that being said, the more important trends to watch pertain to the generally supportive range for MBS that emerged even before Friday's boomy rally. AQ pointed this out as well, and it remains pertinent at the moment. You can see on Thursday...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.Short Term Direction of Mortgage Rates Dependent Upon Auctions and Stocks - 8 hours ago Posted To: Mortgage Rate WatchWho Dat!!!! Congratulations to New Orleans on a well played and exciting Super Bowl victory. Mortgage rate moved a few basis points lower on Friday following the Employment Situation Report . While we have seen scattered day over day streaks of improvements, mortgages rates have failed to fall lower than 4.75% in 2010. To remind readers, as mortgage-backed securities prices move higher in price lenders are able to pass along better rates. After what seemed like a steady flow of important economic data and market moving headline news last week, the data schedule slows down in the days ahead, but headline news is always a possibility. In terms of scheduled events, no economic reports are being released today or tomorrow. On Tuesday we have the first of three mortgage rate influential Treasury...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.MBS MORNING: Testing the Staying Power of Friday's FTQ Rally - 10 hours ago Posted To: MBS CommentaryDID I MENTION THUNDER SNOW ! By the look of the charts, it doesnt appear that we should be expecting any noticeable improvements in positive price momentum today. We are extending the downtrend that began midday Friday. The FN 4.0 is -0-08 at 98-08 yielding 4.169% and the FN 4.5 is -0-05 at 101-08 yielding 4.375%. The secondary market current coupon is 2bps higher on the day at 4.313%. The current coupon yield is 72.4 bps over the 10yr TSY note yield and 62.6 bps over the 10yr swap rate. MBS yields are moderately tighter vs. benchmark yields this morning. The 3.375 coupon bearing 10 year TSY note is -0-06 at 98-06 yielding 3.594% (+2.3 bps from 5pm marks on Friday). The 2s/10s curve is unchanged at the 280bp pivot. The dollar index is weaker vs. a basket of currencies....-0.37% at 80.145. The...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.MBA Takes Loss on Headquarters; CRA Loans; HAMP Servicer Updates; Prepay Speeds; Updates: GMAC, FAMC - 11 hours ago Posted To: Pipeline PressI thought about taking today off from the commentary to celebrate, since yesterday I won all 4 quarters of my office's Super Bowl pool! And then I remembered that I was the only one in the pool, don't really have an office, and that the net effect of my $50 a square winnings was about the same as the US Government buying back their own securities. Oh well. Those dues that you pay to the Mortgage Bankers Association - where does the money go? Education, lobbying, etc., but some probably went into buying the MBAA its $90 million headquarters in downtown Washington which it sold last week for $41 million after 3 years. Ouch! CoStar Group, who is moving its headquarters from Maryland to DC, also received a $6 million property tax break - hats off to them. Not only did the MBAA's interest...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.MBS OPEN: Sideways Start. Searching for Guidance - 12 hours ago Posted To: MBS CommentaryGood Morning. Congrats to the Saints. Here is a recap of my weekend.... We had a blizzard...32 inches of THUNDER SNOW . The driveway was defeated with snowblowers. This is only the first half of the driveway by the way.... The CAPS came from behind to beat the pens. Ovie had a trick plus the game winning assist in OT. Thats 14 in a row for the C-A-P-S CAPS CAPS CAPS. Troy saw his shadow. AH! Six more weeks of football. The Saints won....then my milkaholic ex-gf Lindsay came over. Phew. I am zonked. What a weekend. Stocks sold off in a panicky fashion last week as sovereign debt concerns grew over Greece, Portugal, and Spain's ballooning budget deficit and rising borrowing costs. If a coordinated global recovery is to remain on course, one has to assume some sort of financial intervention...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.The Week Ahead: Treasury Auctions, Retail Sales, The Fed's Exit, Consumer Sentiment - 12 hours ago Posted To: MND NewsWireThe week ahead is a particularly slow one. The only major releases are the Trade Balance on Wednesday and Retail Sales report on Thursday. Plus, Friday will see February’s first measure of consumer confidence. With little fresh data to anticipate, the fear is that markets will continue on their downward path this week. Since January 19 the Dow has shed 5.6% while the S&P 500 has lost 6.9%. One hour before the opening bell, however, equity markets are looking stable. Dow futures are up 10 points to 10,012 and S&P 500 futures are up 3.08 points to 1,066. Meantime, WTI Crude oil is starting the week 15 cents higher at $71.34 per barrel and Spot Gold is up $1.90 to $1,068.20. The US dollar, by contrast, is lower against the majors after hitting the highest level since the summer of...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Alternative Mortgage & Investment Corp - Headquarters 707 Alexander Road, Suite 208 - Princeton, NJ 08540 Office Phone: (609) 452-1400 Fax: (609) 452-7080 Toll Free Phone: (800) 301-1500
