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Your personal information is sold by Experian, Equifax and Trans Union as soon as you apply for your pre-approval or mortgage to countless fly-by-night companies. You can stop it from happening by going to the official Opt Out of Credit Offers web site. Otherwise, you will be inundated with shaddy mail offers and countless unscrupulous telemarketers will harrass you. We value you as a client and don't want you or your referrals to be hassled by ethically challenged high pressure sales. Protect your credit today with -
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.
Mortgage Rates Move Higher Before Jobs Data - 4 hours ago Posted To: Mortgage Rate WatchWhat a boring day in the markets! Stocks added to yesterday's gains and bonds added to their losses. This pushed mortgage rates marginally higher. The best 30 year fixed mortgage rates are still in the 4.125% to 4.375% range for well-qualified consumers, but less lenders are offering rates below 4.25% today. If your lender is still willing to offer a rate below 4.25%, your closing costs are about 25bps higher today (0.25% of your loan amount). AQ's comments from yesterday still apply... We're not panicking over this sell off. There has been no change in our fundamental economic outlook, we see no new reason to be optimistic about a rapid recovery. What we witnessed today was a technical adjustment, an adjustment that could reverse course on Friday morning if the Employment Situation Report...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.Pending Home Sales Rebound from Record Low. What Might Boost Buyer Demand? - 6 hours ago Posted To: MND NewsWireThe National Association of Realtors released the Pending Home Sales Index today. NAR's Pending Home Sales Index measures the number of home purchase contracts that were signed in the monthly reporting period. Once "pending" sales contracts are closed, they are considered an existing home sale. Because the Pending Home Sales index tells us how many contracts were signed, it is consider a forward indicator of existing home sales. A signed contract is not counted as an existing home sale until the transaction actually closes. Excerpts from the Release... Following a sharp drop in the months immediately after expiration of the home buyer tax credit, pending home sales have modestly risen. The Pending Home Sales Index, a forward-looking indicator, rose 5.2 percent to 79.4 based on contracts signed...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.Fed Hosts Neighborhood Stabilization Summit - 8 hours ago Posted To: MND NewsWireCommunity organizers, state and federal government officials, and representatives from banking, research and educations institutions are currently meeting in Washington at a REO and Vacant Properties Summit sponsored by the Federal Reserve Bank. The two day conference is focused on examining the problems associated with vacant and abandoned property and to explore approaches to neighborhood stabilization. Governor Elizabeth Duke, Board of Governors of the Federal Reserve opened the summit on Wednesday. In her remarks she introduced the types of issues that are faced by communities with high rates of foreclosure and REO and highlighted some of the lessons learned in the last few years about neighborhood stabilization strategies. She pointed out that the impact of each foreclosure goes far beyond...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.Pre-NFP Outlook Plus Loan Pricing Comparison - 9 hours ago Posted To: MBS CommentaryWhat a rough morning! It appears my hard drive no longer wants to work. I tried to reach out for help, but no one answered. Then my gf called and reminded me that today is 9.02.10. This explains why Glenn is M.I.A, he's curled up on his couch watching re-runs of 90210! I think his favorite character is Dillon. Enjoy your day off Glenn! Oh well. I'm up and running again...... The day has not been so pleasant for originators either. Loan pricing is 2.9bps worse on average today. That doesn't sound too bad, but take a closer look. The largest rebate reductions were applied to the note rates closest to par. These are the rates most borrowers are hoping to be quoted. There is good news though, you can still lock in a rate below 4.25%! It's just gonna cost more at the closing table. The stock market...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.Litany of Investor Bulletins: Mortgage Insurance, Appraisal Photos, Originator IDs, Incomplete GFEs, 203(b)'s, Reserve Requirements, No More ARMs - 10 hours ago Posted To: Pipeline PressIt's good to know the jumbo market is alive and well! Alive and well for Tiger Woods who just got a residential construction loan for $54.5 million on Jupiter Island in Florida, which he agreed to pay back by January 2016. Of course, folks like pediatricians are having trouble finding an 80% loan for a few million, as are self-employed borrowers like architects, CPA's, or sail makers. But there is hope! (No, I don't know the lender or the terms) OK, here goes, in no particular order, the very recent investor changes (skip to the bottom if uninterested). As always, readers should examine the bulletins themselves, but this will give you a flavor for what is happening: Fannie Mae told servicers that it updated the allowable foreclosure time frames in the states of FL, MD, NV, and NY, is monitoring...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.Eliminate Investor Credit Overlays by Selling Directly to the GSEs - 11 hours ago Posted To: The Garrett Watts ReportI’ve been on the road for the past three weeks, mostly performing reviews of mortgage bankers for warehouse lenders. I am happy to report that all channels of origination are doing well. I’m no longer hearing the grumblings we heard earlier in the year as record low rates have sparked a mini-refi boom throughout the country and in certain areas the purchase market is also doing well thanks to record high levels of home affordability. If one is gainfully employed and has excellent credit, it is a great time to buy a home. Referral based retail and internet retail shops are generating impressive profits. Contrary to the naysayers, the broker business is thriving and wholesale lenders are quite busy. Everyone appears to have adjusted to the new RESPA regulations and companies are settling...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.Expanding the Pool of Eligible Homeowners: Common Sense Underwriting Needed - 12 hours ago Posted To: Voice of HousingIt seems our economy is unable to promote a significant level of consumer spending without some sort of Federal Assistance. Given that this is an election year where the outcome has the potential to be especially significant, it is reasonable to anticipate that lawmakers returning to Washington after their Labor Day recess will be motivated to enact legislation to stimulate economic activity. One idea being circulated is to re-authorize the recently expired Homebuyer Tax Credits. While that may seem like a step in the right direction, it is not. In fact, just talking about another homebuyer tax credit could slow sales in the here and now as consumers put off purchase plans in hopes they too will be able to benefit from such incentives. More importantly, we must stop attempting to apply short...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.The Day Ahead: Jobless Claims, Pending Home Sales, Productivity - 14 hours ago Posted To: MBS CommentaryInterest rates are modestly higher this morning after equities closed nearly 3% higher Wednesday. Ninety minutes before the opening bell, S&P 500 futures are just below yesterday's high at 1081.25 and the benchmark 10-year Treasury note is -0-04 at 100-09 yielding 2.593% (+1.3%). The October delivery FNCL 4.0 is -0-02 at 102-27. A busy economics calendar carries the potential to shift market sentiment in the day ahead. At 8:30, initial jobless claims are anticipated to rise 2k to show that 475,000 Americans filed for first-time unemployment benefits in the final week of August. The labor news comes one day before the official monthly numbers are released. The report should give further context to yesterday’s mixed data ? the ADP report showed 10k private jobs disappeared in the month...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.New Mortgage Rate Lows Lost as Stocks Rally and Bonds Correct - 1 day ago Posted To: Mortgage Rate WatchMortgage rates had a great day yesterday. This is the message we communicated to readers... ATTENTION: Mortgage Rates Hit New Lows If you've been floating your loan or have yet to apply for a refinance because it just didn't seem worth the hassle, congratulations, mortgage rates hit new lows today, it's now worth the hassle! If you've refinanced in the last 20 months, there is a darn good chance your refinance option is back in the money, again! The best 30 year fixed mortgage rates have fallen into the 4.125% to 4.375% range for well-qualified consumers. Some lenders will even go as low as 3.875% if the borrower is willing to pay points. Although the 4.125% quote isn't being offered by the large retail banks (sorry retail L.Os), the smaller mortgage bankers and independent brokers do have...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.Recap and Charts: July Construction Spending Data - 1 day ago Posted To: MND NewsWireThe Census Bureau today released Construction Spending data for July 2010. Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of original building. It includes construction of additional housing units in existing residential structures, finishing of basements and attics, modernization of kitchens, bathrooms, etc. Also included are improvements outside of residential structures, such as the addition of swimming pools and garages, and replacement of major equipment items such as water heaters, furnaces and central air-conditioners. Maintenance and repair work is not included. The value of all construction put in place in the U.S. on an annualized basis was $805.2 billion compared to a rate of $813.1 billion...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
