AHM Unit Unveils New Loan Buy Strategies

The correspondent lending division of American Home Mortgage Investment Corp., Melville, N.Y., has announced the introduction of two new loan acquisition strategies.The Live Mandatory program, targeted at agency business, offers an alternative to selling loans to Fannie Mae or Freddie Mac and having to retain servicing rights. The Mini Bulk and Bulk program offers "fast and timely" competitive bids for a wide range of products, with a minimum pool size of $3 million. "Today's secondary market underscores the need for resources that are both comprehensive and easy to use," said Rick Pishalski, executive vice president of the division. Both programs are now available on the division's website, at http://www.ahmcd.com.