Highlights
American Home Mortgage Investment Corp., a real estate investment trust based in Melville, filed for bankruptcy in 2007, a victim of tightening credit markets and the decreasing value of its loan portfolio. American Home is the first major lender serving sub-prime, or high-credit and near-prime borrowers.
American Home Mortgage Investment Corp., a real estate investment trust based in Melville, filed for bankruptcy in 2007, a victim of tightening credit markets and the decreasing value of its loan portfolio. American Home is the first major lender serving sub-prime, or high-credit and near-prime borrowers.
Displaying items 1-12 of 37
» View newsday.com items only
1
2
3
4
•
Next >
-
LIers await housing help
ellen.yan@newsday.comNAME : Connie and Thomas DeVito TOWN: Coram MONTHS LATE: Six MODIFICATION WANTED: Extend 20-year loan into 30 or 40 years School monitor Connie DeVito doesn't believe lenders should get federal incentives to redo mortgages. But after six months of...Tags: Barack Obama, Unemployment, New York Mets, Mortgages, Bankruptcy
-
Hoping for help
NAME: Connie and Thomas DeVito TOWN: Coram MONTHS LATE: Six MODIFICATION WANTED: Extend 20-year loan into 30 or 40 years School monitor Connie DeVito doesn't believe lenders should get federal incentives to redo mortgages. But after six months of...Tags: Barack Obama, Unemployment, New York Mets, Mortgages, Bankruptcy
-
Most experts agree economy will get worse before better
tom.incantalupo@newsday.comWhen it comes to jobs, even the more optimistic forecasts are depressing. Most experts expect things to get worse before they get better - for thousands more jobs to be lost on Long Island, in the city and elsewhere in the nation in coming months with...Tags: Employees, Electronics, Barack Obama, Michael Bloomberg, Arrow Electronics
-
Experts: Thousands more jobs could be lost on LI
tom.incantalupo@newsday.comWhen it comes to jobs, even the more optimistic forecasts are depressing. Most experts expect things to get worse before they get better -- for thousands more jobs to be lost on Long Island, in the city and elsewhere in the nation in coming months with...Tags: Employees, Electronics, Barack Obama, Michael Bloomberg, Arrow Electronics
-
Mass layoff e-mail
A copy of an e-mail believed to have been sent to employees Thursday by Michael Strauss: Dear Colleges (sic), It is with great sadness I announce today that American Home Mortgage has been forced to close. Unfortunately, the market conditions in both...Tags: Employees, Mortgages
-
Q and A: Mike Huckabee
Newsday Staff WriterHow would you finish this sentence? "Sept. 11 is the day that ..." Sept. 11 is the day that we climbed and we dug, we raged and we prayed, we wept and we comforted, but most importantly, we woke up. In the pitch-black clouds that the death of each...Tags: Private Health Care, Eliot Spitzer, Wildlife, Delta Financial Corporation, Tom Suozzi
-
Help for jobless American Home Mortgage workers
Newsday Staff WriterThe 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....Tags: Employees, Unemployment, Insurance, American Home Mortgage Investment Corporation, Mortgages
-
Delta Financial gets $60M loan
james.bernstein@newsday.comDelta Financial Corp., the troubled subprime lender, said Tuesday it has negotiated a $60 million loan from a hedge fund manager, a move its chief executive said will help the company to "weather the storm" of the crises in the mortgage industry....Tags: Mutual Funds, Long Island, Securities, Mortgages, Delta Financial Corporation
-
Yes, Americana Mortgage is still open for business
daniel.wagner@newsday.comNo one survives the ever-cyclical mortgage business without moving quickly in the face of market changes. That's why when two Americana Mortgage Group loan officers told company president Bob Moulton that colleagues had offered their condolences Aug. 1...Tags: Employees, American Home Mortgage Investment Corporation, Mortgages, Loans, Melville
-
What's next for American Home Mortgage
ellen.yan@newsday.comMelville-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. What happens next in the case? Bankruptcy court...Tags: Employees, Delaware, Trials, Bankruptcy, Securities
-
Former American Home workers sue co.
ellen.yan@newsday.comAs American Home Mortgage tries to satisfy its creditors, it could face a new multimillion-dollar bill from former workers who say they're entitled to two months of wages and benefits under federal law. By giving workers one day's notice before the Aug....Tags: Employees, Conservation, Delaware, Ecosystems, Trials
-
American Home owes $350K for office furniture
daniel.wagner@newsday.comThere'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...Tags: Delaware, Deutsche Bank AG, Long Island, Bankruptcy, Furniture
Feb 18, 2009
|Story| Newsday
Feb 19, 2009
|Story| Newsday
Mar 1, 2009
|Story| Newsday
Feb 28, 2009
|Story| Newsday
Aug 2, 2007
|Story| Newsday
Feb 1, 2008
|Story| Newsday
Aug 10, 2007
|Story| Newsday
Aug 14, 2007
|Story| Newsday
Aug 14, 2007
|Story| Newsday
Aug 14, 2007
|Story| Newsday
Aug 14, 2007
|Story| Newsday
Aug 15, 2007
|Story| Newsday
