American Home Mortgage Investment Corp. on Monday filed for Chapter 11 bankruptcy protection, becoming the largest home lender outside of subprime to fail since the end of the housing boom.
Here's more from Reuters:
The Melville, N.Y.-based real estate investment trust, one of the largest independent U.S. home loan providers, filed for protection from creditors in U.S. [...]
Related Headlines
- High-end ARM reset (mild) hilarityposted 66 weeks ago on Blown Mortgage
- Fieldstone Files Chapter 11 Bankruptcyposted 53 weeks ago on Blown Mortgage
- GMAC Suspends Stand Alone 2nd Loansposted 39 weeks ago on Blown Mortgage
- 5.7 + 3.7 =posted 50 weeks ago on Blown Mortgage
- IndyMac wades back in to the jumbo marketposted 67 weeks ago on Blown Mortgage
- US Bank Eliminates 100% Financingposted 40 weeks ago on Blown Mortgage
- Michael Jackson?s Neverland Ranch in Foreclosureposted 56 weeks ago on Blown Mortgage
- Bush Doesn?t Want Bankruptcy Law Changedposted 40 weeks ago on Blown Mortgage
- Impac to Report Larger-than-Expected Quarterly Lossposted 54 weeks ago on Blown Mortgage