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American Home to pay fraction of bankruptcy claims

NEW YORK (Reuters) - American Home Mortgage Investment Corp , which was among the largest U.S. home loan providers before seeking bankruptcy protection a year ago, said it will pay unsecured creditors no more than 5.9 cents on the dollar as it liquidates assets.

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American Home to pay fraction of bankruptcy claims

NEW YORK (Reuters) - American Home Mortgage Investment Corp , which was among the largest U.S. home loan providers before seeking bankruptcy protection a year ago, said it will pay unsecured creditors no more than 5.9 cents on the dollar as it liquidates assets.

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Judge weighs sale of $164 million in bad home loans

American Home Mortgage Investment Corp., the second-biggest mortgage lender in bankruptcy, asked a federal judge to approve sale procedures for $164 million in nonperforming loans.

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AHM executives to get $9 million in bonuses

PHILADELPHIA - American Home Mortgage Investment Corp. can pay $9 million in bonuses to executives of the failed company, a bankruptcy judge has ruled.

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American Home seeks loan for servicing business

American Home Mortgage Investment Corp. is seeking court approval for a $35-million loan to keep its loan-servicing business healthy until taken over by W.L. Ross & Co.

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Fitch Affirms 2 & Downgrades 4 Classes from American Home Mortgage Investment Trust 2006-1

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on American Home Mortgage Investment Trust 2006-1, Group 2 mortgage pass-through certificates:

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AHM v. LEH: The Revenge of Mark to Model

This is killing me:PHILADELPHIA (Dow Jones/AP) - Bankrupt lender American Home Mortgage Investment Corp. has sued Lehman Bros., accusing the investment bank of essentially stealing from the company as it struggled to stay on its feet. The lawsuit, filed Wednesday in the U.S. Bankruptcy Court in Wilmington, Del., accuses Lehman Bros. of hitting American Home with improper margin calls in July

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Ross OKd to buy unit of American Home Mortgage

Wilbur L. Ross Jr., who became a billionaire by investing in failed steel and textile companies, won approval to buy the loan-servicing unit of bankrupt American Home Mortgage Investment Corp. for as much as $500 million.

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Court approves American Home Mortgage refund of loan fees

A bankruptcy judge has cleared the way for American Home Mortgage Investment Corp. to refund up to $650,000 in application fees and other mortgage costs it collected from more than 1,000 customers who never got their loans because of the company's collapse into bankruptcy.

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Banks object to sale of American Home unit

NEW YORK, Oct 11 (Reuters) - Several Wall Street investment banks have objected to American Home Mortgage Investment Corp's plan to sell its loan servicing unit to U.S. billionaire investor Wilbur Ross.

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AHM stockholder objects to company's liquidation plans

Writing that American Home Mortgage Investment Corp.'s description of its losses "stretches the bounds of credibility," a major stockholder in the Melville-based lender has filed an objection that American Home said could hold up plans to sell its servicing unit.

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Ross Wins American Home Unit

Bankrupt American Home Mortgage Investment on Friday declared a Wilbur Ross investment fund the winner in the sale of its servicing unit after the auction was called off. The final price is dependent on the amount of servicing rights transferred, but it will be between $430 and $500 million, according to The Deal.com. Mr. Ross’ WLR Recovery [...]

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CORRECTED - Ross's bid wins American Home Mortgage unit

Mr. Strauss has served as the Chairman of the Board of Directors, Chief Executive Officer and President of American Home Mortgage Investment since its... Full Bio

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Billionaire top bidder for American Home unit

Wilbur L. Ross Jr., who became a billionaire by investing in failed steel and textile companies, won the bidding for the loan-servicing unit of bankrupt American Home Mortgage Investment Corp. with a $435 million offer.