Past coverage -- Newsday.com

September 11, 2007

Fitch downgrades $16.2 million in AHM bonds

American Home Mortgage insisted until its bankruptcy filing last month that its mortgages were squarely in the relatively safe, "near-prime" category, but a key rating agency says the the mortgages fall in the subprime camp.

August 31, 2007

AHM spends $50G for public relations

Creditors are angry over a request by American Home Mortgage Holdings to keep a recently hired public relations firm on its payroll, accusing the bankrupt Melville lender of trying to put its "best face forward ... concerning the failure of the company."

August 29, 2007

Ex-American Home Mortgage manager going to prison

A former American Home Mortgage Investment Corp. branch manager in Alaska, hired at the now-bankrupt company after an FBI probe caused him to be fired from Countrywide Financial, was sentenced Monday to serve more than two years in prison.

August 27, 2007

American Home Mortgage sued

Waldner's Home Environments Inc., a Farmingdale-based office furniture company that is helping to represent the more than 1,000 creditors owed money by the bankrupt American Home Mortgage Investment Corp., last week filed a separate lawsuit to recapture some of its losses.

August 27, 2007

American Home Mortgage and Fannie Mae reach agreement

American Home Mortgage Investment Corp., the bankrupt Melville-based lender, has struck an agreement that will allow it to continue servicing a crucial portfolio of $5.2 billion in government-backed mortgage loans.

August 20, 2007

Lenders 'bombard' American Home Mortgage

The bankruptcy proceedings for Melville-based American Home Mortgage have been complicated by lenders "bombarding" the company with demands that it hand over loans it's servicing, an attorney for the company said Monday.

August 15, 2007

American Home owes $350K for office furniture

There's something different about one of the seven companies the U.S. Trustee in Delaware selected Tuesday to represent American Home Mortgage's creditors during their bankruptcy proceedings: Among five financial institutions and one multinational corporation is Waldner's Business Environments Inc., a long-time Farmingdale furniture retailer that American Home owes approximately $350,000.

August 14, 2007

What's next for American Home Mortgage

Melville-based American Home Mortgage filed for bankruptcy a week ago. Its demise caused a domino chain of events, from shareholders' lawsuits to layoffs and the pending sale of assets to pay debts.

August 14, 2007

Yes, Americana Mortgage is still open for business

No one survives the ever-cyclical mortgage business without moving quickly in the face of market changes.

August 10, 2007

Help for jobless American Home Mortgage workers

The layoffs at American Home Mortgage Investment Corp. in Melville were so large and so sudden that the New York State Department of Labor on Friday issued a news release to alert the 1,400 workers to state resources available to help the jobless.

August 7, 2007

American Home Mortgage's new chapter opens in bankruptcy court

American Home Mortgage's new chapter starts Tuesday in bankruptcy court in Wilmington, Del.

August 3, 2007

AHM's banking license suspended

American Home Mortgage's banking license was suspended Thursday by the New York State Banking Department, a move that likely prompted the besieged company to begin closing its Melville offices Thursday and laying off at least 1,300 workers here.

August 3, 2007

Friday's the end for almost all of American Home Mortgage

After weeks of troubling news and near-silence from official spokesmen, American Home Mortgage Investment Corp. announced Thursday night that it would shutter most of its operations and lay off more than 6,250 workers, including almost all of its 1,460-person Melville staff.