Tag Archives: AMSI

Volunteering at “Family House” Where Families Stay Together While Their Kid Undergoes Treatment

Recently The New York Times reported that San Francisco has the lowest percentage of kids of any major U.S. city. There are many reasons as the high living costs. Yet, if a kid suddenly has a life threatening illness and has to undergo treatment in San Francisco, who is going to accommodate them, if their parents cannot afford it? Luckily there is Family House, a place where families can stay together and support one another while their sick child goes through treatment.

My Angel_small
Tsentol and Maureen

Maureen Couture, AMSI Realtor specializing in sales, furnished corporate interim housing, and Chris Todd AMSI Unfurnished Rental Specialist, volunteered at the “Give Back” day at Family House, which was hosted by the San Francisco Association of Realtors.

Family House is a not-for-profit organization and serves as a home away from home for families of children with cancer and other life-threatening illnesses receiving treatment at the University of California San Francisco Benioff Children’s Hospital.

Maureen and Chris assisted with a buffet style morning breakfast, played with the children and talked with the parents and staff. Maureen says: “It felt wonderful, a total feeling of love and giving. I couldn’t have been happier to be there!”. What she enjoyed the most was spending time with the children, especially with a young girl named Tsentol who just turned 3 this week. She has brain cancer and lives along with her mother and father at Family House.

More than 3,000 families that Family House serves at their location over the course of a year, are not just being provided with temporary 100 cost-free housing, but comfort and emotional support, free from financial concerns. Qualifying families live more than 50 miles from UCSF, and many live at or below the low-income status as determined by UCSF.

While children undergoing bone marrow transplants, chemotherapy, and radiation are their most common guests, they also accommodate those facing other life-threatening childhood illness such as fetal surgery, transplants, and cardiac patients when space is available.

Besides getting supported by volunteers and organizations from the Bay Area, they are offered specialty rooms such as a workout, meditation and teen room at Family House. Moreover a private courtyard with BBQ, play areas with books for kids and adults and much more.

Maureen has been so touched by her first visit to Family House and being involved with the kids and their families that she most definitely will volunteer there more often from now on. Along with several AMSI staff members she already has plans for her next visit at Family House. They will sponsor a lunch or dinner for the kids to brighten up their day a bit, and give them the feeling of not being alone while going through these tough times.

Family House is more than just free, temporary housing – it’s a home away from home, and a supportive community of people who are dedicated to providing a caring environment for the entire family while their child is undergoing treatment.

If you want to get involved with Family House too, you can volunteer or donate. Please visit their website for more information at www.familyhouseinc.org

You can also contact Maureen or Chris directly, if you have any questions about their volunteering experience:

Maureen Couture Email
Chris Todd Email

Prices Reach All-Time Highs – June/July Real Estate Report

The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes montly updates regarding mortgage rates, market statistics, sales momentum, pricing momentums, trends at a glance, foreclosure statistics and more.

Real Estate Reports by Robb Fleischer

FHA Streamline Refinance: No Appraisal or Income Verification

Guest Post by Optimal Loans Oakland, CA optimal loans oaklandAn FHA Streamline is a special loan product for individuals that have an existing FHA mortgage. It is a very easy and pain free process that does not require a Home appraisal and income verification. One of the perks of not having an appraisal is that you can refinance your loan even if your loan amount is higher than the value of the property. Also you don’t have to worry about paying for an appraisal. The FHA encourages folks that are underwater to refinance their property and lower their monthly payment. This is a great time to take advantage of this opportunity because the requirements to qualify are very lenient and simple. And most importantly the interest rates are the lowest they have been in the last 2 years. Also the MIP has been reduced dramatically. The reduction amount is dependent on your loan amount and amortization. Please refer to the MIP Chart towards the bottom of this article to understand this better.

Requirements of the FHA streamline program:

Employment
We wanted to dig in deeper to help you understand what lenders actually require from you to get this deal done. Income verification is not required in an FHA loan. When applying for a Streamline loan you do not need to provide W2, 1099 or Tax returns. Lot of articles online state that no job verification is required. However most lenders will do a Verification of Employment before the loan funds. This is merely a call to your employer to ensure that you have a job.

Mortgage only Credit Report
In an FHA streamline loan the lenders do not require a credit report but they require a Mortgage Only Tri-merged Credit report. They want to verify if you have had any late payments in the previous year. You are only allowed to have one late payment on your mortgage in the last 12 months. Also most lenders require a minimum credit score of 620 on Conforming FHA loans and 640 on Jumbo FHA loans.

Other Requirements
In order to qualify for this mortgage there must be a 5% reduction in P&I and MI. FHA streamline loans do not allow lender cashback and all credit from the lender will be applied to the reduction of the principal balance. Streamline loans are only for owner occupied properties. The borrower must have made at least 6 payments on the FHA mortgage that is being refinanced to qualify for a Streamline Refinance. At least 210 days must have passed on the FHA mortgage before it can be considered. You may not increase loan balance to cover for loan closing costs. The borrower must pay for closing costs out of pocket or cover them with lender credit. The closing costs consist of lender origination charges and title/escrow charges. This is not something that should worry you given today’s lending market. Most lenders are giving plenty of credit on interest rates that cover for your closing costs. It is very common to find a zero cost streamline loan or a loan that requires very low closing costs.

Upfront Mortgage Insurance Premiums
All loans that were endorsed by the FHA on or after June 1st, 2009 will have an Upfront Charge of 1.75% of the loan amount. This will be added to your loan balance. For example if the loan amount you are applying for is $200,000 then your upfront will be $3500. UFMIP formula = 1.75% X Current Loan amount. If you are refinancing within 3 years of your initial loan, FHA will provide a refund on previously paid upfront MIP. The size of the refund decreases as your 3 year time frame diminishes. Contact your Loan officer to get an exact figure of how much your refund will be.

Now that we have discussed the requirements. Let’s tell you why you should apply for a FHA Streamline Refinance. -First and most importantly the Annual MIP has decreased on January 26th, 2015. Even if you have a great Interest Rate you can save a lot on the MIP itself. Refer to the charts and example below.

Term > 15 years

Base Loan Amount LTV Previous MIP New MIP
< $625,500 < 95.00% 130bps 80bps
< $625,500 > 95.00% 135bps 85bps
>$625,500 <95.00% 150bps 100bps
>$625,500 >95.00% 155bps 105bps
Terms < 15 Years
Base Loan Amount LTV Previous MIP New MIP
<$625,500 78.01%-90.00% 45bps 45bps
<$625,500 >90.00% 70bps 70bps
>$625,500 78.01%-90.00% 70bps 70bps
>$625,500 >90.00% 95bps 95bps

For example: If your FHA loan amount is $525,000 and your MIP is at 130bps. You are paying $568.75 in Monthly MIP. Now, if you were to refinance with the Streamline program you can decrease your MIP from 130bps to 80bps. So your new monthly MIP will be $350. That is a $218.75 saving on your monthly payment. And you can do this without an appraisal!!

  • Very little paperwork required for a streamline. Which means very little time and effort required to get the deal done.
  • You can lock in a great interest rate in today’s Market. Ask your loan officer for a rate quote!
  • It is very common to find a loan that will cost you close to nothing as lenders are offering credit on interest rates. This depends on what rate you chose. Ask your Loan Officer about this.

In general this is a great time to refinance any Home mortgage given the current interest rate market. But if you are on the Streamline path it is the best time. You may be wondering why the FHA is allowing such a great loan program. Well, by allowing borrowers to lower their mortgage payments they reduce the risk of defaults on FHA mortgages. As the FHA insures these mortgages made by lenders it is the FHA’s goal to reduce risk on its overall portfolio. If you have a FHA Mortgage then don’t wait because it is a guaranteed saving and practically very minimal effort from your end. Optimal Loans www.optimalloans.com info@optimalloans.com

Young People’s Impact on AMSI

AMSI works with highly-skilled, reliable, ambitious and fun interns from all over the world. Most of the interns are from Europe, but many are also from China, Korea, Japan and many other countries.

The AMSI Intern Program includes a vast variety of duties in each department; from Marketing to Property Management to Accounting. During their 3, 6, 12 and sometimes 18 month internships, AMSI involves the interns in every day tasks and challenging projects to encourage them to reach their goals. AMSI’s goal is to support them in growing professionally and personally, whether it is to get to know more about the American working culture, improving their language skills or in gaining a great life experience in a foreign country. While the interns learn a lot during their internships, AMSI in return gains much as well due to the great knowledge, skills and personalities, which every single intern brings to the company.

AMSI CFO and Broker Robb Fleischer says: “It is a great opportunity to work with young and ambitious people from all over the world who bring their very own culture to the company. For AMSI it is gratifying to watch the intern’s learning process, how they improve their language skills, how the individuals achieve their goals and how they help AMSI grow further. It has always been an advantage for AMSI to build long-term friends. This kind of bonding process causes some sort of family atmosphere, which means that working at AMSI is challenging as well as comfortable at the same time.”

Since the intern program started about 8 years ago, the people who work at AMSI have had the wonderful opportunity to meet terrific interns from all over the world. Oftentimes it is not easy for the AMSI staff to say “goodbye, auf Wiedersehen or au revoir” to many of those wonderful and fascinating interns. This is especially so after seeing them growing and becoming a part of the AMSI family. But as Fleischer says to every intern at his or her farewell ceremony: “You will always be a part of the AMSI family”. It definitely is true and the interns go home still being a part of AMSI due to the great impact the experience has had on their lives and the impact they have had on AMSI during their internship.

Meet the current AMSI Interns

Aurelie Coustans
Marketing Intern, France
Field of studies : International Business

I wanted to experience the American working lifestyle and put my Marketing skills to good use “. After only 2 weeks working for the company, Aurelie already knew she would like to work for an American Group after her studies and why not settle in the US.

Daniela Kepper
Marketing Intern, Austria
Field of studies : International Marketing

Daniela wanted to challenge her Marketing knowledge in one of the most innovative and creative countries in that field – the US. “ With my internship at AMSI San Francisco I was able to gain deep insights of the daily working life in a Marketing Department in an open-minded and friendly working environment “.

Gaelle Carminati
Property Management Intern, France
Field of Studies : Foreign Languages

Gaelle is one of our newest interns at AMSI. She is completing her Bachelor’s Degree and thinks that this internship is a great opportunity to discover a new culture : “ I wanted to experience the American way of thinking that seems so different than what we know in France “.


Chloe Lecuyer

Marketing Intern, France
Field of Studies : International Business

I heard great feedbacks from former interns that seemed all excited about their internship at AMSI that I felt like this would be the perfect place to get an overview of the American corporate culture “. Chloe is doing a Master’s Degree and also wanted to experience the real estate world which she has always found appealing.
Nadia Chikhi
Marketing Intern, France
Field of Studies : Foreign Languages

My main goal is to improve my English but also live an incredible experience far away from my home “. Nadia is completing her Bachelor’s Degree in Foreign Languages and will be spending another month and a half within the company.
Solene Jacob
Marketing Intern, France
Field of Studies : International Business

After a first successful internship in the US, Solene wanted to gain even more experience on the field as she is currently enrolled in a Master’s Degree in International Business. “ I value practical skills  and creativity which is the reason why the US and the American Corporate Culture are always my number one choice when I have the opportunity to carry out an internship “.

Florent Statello

I’m 22 and I am the current intern at the AMSI’s San Diego office. I decided
to do an internship in the US to gain professional skills and thus complete
my theoretical knowledge acquired at the university. After reading
internship reports from former students, I ended up leafing through one
speaking about AMSI. The many tasks described in the report being relevant
to my studies, I quickly applied for a position as an intern.


Young People’s Impact on AMSI

AMSI works with highly-skilled, reliable, ambitious and fun interns from all over the world. Most of the interns are from Europe, but many are also from China, Korea, Japan and many other countries.

The AMSI Intern Program includes a vast variety of duties in each department; from Marketing to Property Management to Accounting. During their 3, 6, 12 and sometimes 18 month internships, AMSI involves the interns in every day tasks and challenging projects to encourage them to reach their goals. AMSI’s goal is to support them in growing professionally and personally, whether it is to get to know more about the American working culture, improving their language skills or in gaining a great life experience in a foreign country. While the interns learn a lot during their internships, AMSI in return gains much as well due to the great knowledge, skills and personalities, which every single intern brings to the company.

AMSI CFO and Broker Robb Fleischer says: “It is a great opportunity to work with young and ambitious people from all over the world who bring their very own culture to the company. For AMSI it is gratifying to watch the intern’s learning process, how they improve their language skills, how the individuals achieve their goals and how they help AMSI grow further. It has always been an advantage for AMSI to build long-term friends. This kind of bonding process causes some sort of family atmosphere, which means that working at AMSI is challenging as well as comfortable at the same time.”

Since the intern program started about 8 years ago, the people who work at AMSI have had the wonderful opportunity to meet terrific interns from all over the world. Oftentimes it is not easy for the AMSI staff to say “goodbye, auf Wiedersehen or au revoir” to many of those wonderful and fascinating interns. This is especially so after seeing them growing and becoming a part of the AMSI family. But as Fleischer says to every intern at his or her farewell ceremony: “You will always be a part of the AMSI family”. It definitely is true and the interns go home still being a part of AMSI due to the great impact the experience has had on their lives and the impact they have had on AMSI during their internship.

Meet the current AMSI Interns

Elody Chaniot
Marketing Intern, from France
Field of studies: Marketing

I wanted to complete an internship in marketing and was looking for a semester abroad. Working at AMSI will help me to reach my goals”. Elody has been in the US for three months and will be joining the AMSI team for another three months.

Akram Talbi
Accounting Intern, from France
Field of studies: Finance

I came to the US to gain more experience in Finance/Accounting”. Akram will finish his studies in a couple of months and afterwards he’s looking for a job in the US. That’s why he thinks experiencing a UScompany during an internship right now will help him finding a job in the near future.

Inga Engelken
Marketing Intern, from Germany
Field of studies: Communications

I’m very interested in the American culture and wanted to learn more about the working atmosphere at a traditional US company”. Right now she is working on her Masters thesis and will be looking for a job in 2012. So she figured working at AMSI and gaining marketing experience will bring her advantages in her job search.

Kim Hyung Jun

Marketing Intern, from South Korea
Field of studies: Business Administration

Jun is a part time intern at AMSI and visits a language school in the morning before he comes to the office. “For me it’s important to improve my language skills, which will help me in my career”.

Tobias Bialas
Property Management Intern, from Germany
Field of studies: Economics

Tobias has been to the US a couple of times, but just for vacations. He had so much fun that he thought it would be great idea to remain for an extended stay. He started his Master’s program in Economics and therefore he needs practical experience to complete the “study abroad module. “I came to AMSI to gain work experience, which will help me in the future”.