Its seems like business as usually with the roll over of Greater Atlantic to Sonabank.  Monday morning showed no surprises at the branch level for the roll over.

Same branches just with a new name....

Good job!

Call today and ask about our Great Jumbo Rates 703.403.3001 or visit us at www.thomasminetti.com

Another Investor Bites the dust!

Its a real shame because Amtrust was a great investor and their technology was one of the best platforms in the market!

See below for a press release from the FDIC

New York Community Bank, Westbury, NY Assumes All of the Deposits of Amtrust Bank

http://www.fdic.gov/news/news/press/2009/pr09222.html

Have you seen the Great Rates today!, Stocks are slipping on the Dubai debt issues which in turn is have a great effect on the 10 yr treasury.  Currently at 12:52pm EST the 10 YR yield is at 3.22% which is great for those looking for the lowest rates.

If you are in the market its a great time to jump

Rates are still looking great, they are in the low 5.00's for a 30 year fixed.  The house prices are looking even better than ever.

Join the ranks of home-ownership today!

Great rates on Fixed Rate & ARM products to 95% LTV!!

- Still offer SIVA programs with 680 scores, even on Investment properties!!

- Borrowers can still own up to 10 properties & use rental income from current residence.

- Improve price by .50% if LTV is less than 70% & credit score is over 700

 * Jumbo A Products

-Competitive  Rates on ARMs

- Stated Income ARM Program with 720 scores

 * FHA Products

- 97% LTV with great rates/ Cashouts to 95%

- No DECLINING MARKET REDUCTION

- DU/LP Approval Required

Reminder: Take house off market yesterday and refinance with us today Rate/Term  and CASHOUTS!

The White House announced this week that President Bush will sign a massive package of housing legislation expected to be approved this week by Congress, despite his opposition to $3.9 billion in aid to communities hit hard by a housing crisis that has spawned 1.5 million foreclosures.

First-time homebuyers who purchase a house by July 2009 would be eligible for a tax credit worth up to $7,500, though the credit would eventually have to be repaid to the Treasury. And homeowners who do not currently itemize would be able to claim a new property tax deduction of $500 for individuals and $1,000 for families.

Hot off the press with our investors special portfolio offering

 95% LTV to 700,000.00 which requires a 720 credit score with a LP Accept.  Max debt ratio is 45%

For MI add .375 to rate or .625 if loan amount is abote 650K or seller can pay MI by adding 1.15% to up front costs.

 Max seller contribution at 95% is 3%

Todays rate is currently 6.625% with a 1 year prepayment penalty.

Call me for more details 703.442.4555

hello all:

Today the current market is pretty flat in the am, a little rebound on the 10 year t-bill which has allowed us to reduce our price by a 1/4%.  I think the market will stay flat the rest of the day, but on sunday night we shall find out how the market will open on monday morning.  The market is still closed on the jumbo loans at this point and i don't see any openings in the near future for the jumbo market.

We can only hope that the investors will come back into the market in the near future.