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NFE/5.0en-USnews-webmaster@google.com2019 Google Inc.Sat, 16 Feb 2019 02:50:52 GMTGoogle News
New Home Community in Syracuse  PRNewswire

SYRACUSE, Utah, Feb. 15, 2019 /PRNewswire/ -- Richmond American Homes of Utah, Inc., a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), is pleased to ...

One Investment Firm Found a Silver Lining in the Mortgage Industry: Software  The New York Times

A mortgage-processing software company called Ellie Mae will sell itself to Thoma Bravo for $3.7 billion — an impressive feat in a strained industry.

The New York Times
The Hot Trade in the Housing Market: Servicing Your Mortgage  The Wall Street Journal

The mortgage-market slowdown is stirring up interest in a humdrum segment of American home lending: the rights to the arcane task of handling monthly ...

The Wall Street Journal
Sentiment Report: American Home Mortgage Investment Corp (NYSE:AHH) | Thorold News  Thorold News

American Home Mortgage Investment Corp (NYSE:AHH) institutional sentiment decreased to 1.59 in 2018 Q3. Its down -0.44, from 2.03 in 2018Q2. The ratio ...

Thorold News
HomeStreet acquiesces to activist investor, will sell mortgage unit  American Banker

Citing a declining market and ongoing regulatory challenges, HomeStreet Bank will attempt to sell its standalone mortgage business and portfolio of servicing ...

American Banker
Deutsche Bank reverses pledge to help distressed homeowners  American Banker

Deutsche Bank has decided that none of the more than $4 billion it promised to spend on consumer relief after the global mortgage crisis will go to distressed ...

American Banker
1.59 is American Home Mortgage Investment Corp's (NYSE:AHH) Institutional Investor Sentiment | Thorold News  Thorold News

American Home Mortgage Investment Corp (NYSE:AHH) institutional sentiment decreased to 1.59 in Q3 2018. Its down -0.44, from 2.03 in 2018Q2. The ratio ...

Thorold News
Off-base: Avoid substandard military housing with your BAH and a VA mortgage | Mortgage Rates, Mortgage News and Strategy  The Mortgage Reports

Congress is investigating unsafe military housing provided to servicemembers in the US. But you may be able to buy your own home using a VA mortgage and ...

The Mortgage Reports
Downsizing the American Dream: The new trend toward ‘missing middle housing’  Washington Post

After years of focusing on the upscale market, developers are addressing the need for smaller homes.

Washington Post
New tech-focused home mortgage company Lower wants to add 150 jobs this year  Columbus Business First

Dan Snyder says although he might be a terrible poker player, he is going all in on his latest venture.

Columbus Business First
WSJ Wealth Adviser Briefing: Price-Gap Costs, Servicing Mortgages, Summer Camp Homes  The Wall Street Journal

San Diego-based Chalice Financial Network, which launched last month, says it has acquired Succession Link, an online matching *service* for mergers and ...

The Wall Street Journal
Slide continues; home-loan rates lowest in over a year  NWAOnline

After soaring to seven-year highs in November, mortgage rates have been on a steady decline the past 2½ months and this week sank to levels not seen in more ...

Great American Home Show coming to Vienna this weekend | News, Sports, Jobs  Parkersburg News

VIENNA — It will be a Do-It-Yourselfers paradise during the 2019 Great American Home Show. Area homeowners planning a variety of projects in the coming ...

Parkersburg News
American Home Mortgage Investment Corp (NYSE:AHH) Stock Sentiment Crashed to 1.59  The EN Bulletin

In Q3 2018 American Home Mortgage Investment Corp (NYSE:AHH) big money sentiment decreased to 1.59, SEC.gov filings reveal. So its down -0.44, from ...

The EN Bulletin
Do Big Money Love American Home Mortgage Investment Corp (NYSE:AHH), Sentiment at 1.59  K Reviewer

“Big money sentiment for American Home Mortgage Investment Corp (NYSE:AHH) in 2018 Q3 decreased to 1.59, according to Securities and Exchange ...

K Reviewer
Zillow Wants to Flip Your House  Bloomberg

A new breed of high-tech real estate flippers is using algorithms (and a healthy dose of Silicon Valley venture capital) to buy at massive scale.

Forbes: Tax Issues Surrounding Reverse Mortgage Repayment  Reverse Mortgage Daily

Once a Home Equity Conversion Mortgage (HECM) comes due, there are certain options that are available to the relevant borrowing parties when repaying the ...

Reverse Mortgage Daily
BP plc (BP) Reaches $42.69 After 8.00% Up Move; American Home Mortgage Investment (AHH) Sentiment Is 1.59  The FinReviewer

The stock of BP p.l.c. (NYSE:BP) is a huge mover today! The stock increased 3.14% or $1.3 during the last trading session, reaching $42.69. About 3.80M shares ...

The FinReviewer
Library exhibit seeks to share understanding of the discriminatory 'redline'  Baltimore Sun

Powerful” is the word county library spokesperson Christie Lassen returns to again and again to describe an interactive exhibit on loan to the Central Branch ...

Baltimore Sun
12 African-American financial gurus to follow in 2019  WXYZ

In honor of Black History Month, we asked these personal finance experts to reflect on 2019 — the questions or concerns they're hearing, the advice they're ...

Slowdown in Bay Area housing will affect EDC  Mountain Democrat

Slowdown in Bay Area housing will affect EDC. El Dorado County has been a magnet for Bay Area buyers for the last several years. About 60 percent of all new ...

Mountain Democrat
Saudi Crown Prince, Bristling from Mild Criticism of Bone-Saw Murder, Goes Looking for New Friends  Vanity Fair

Mohammed bin Salman is turning to Asia after getting bad vibes from the U.S..

Vanity Fair
Cage the Elephant, Beck, and Spoon team up for North American tour  Consequence of Sound

Cage the Elephant's forthcoming album, Social Cues, features an appearance from the one and only Beck. Turns out their collaboration well extend far beyond ...

Consequence of Sound
Why PACE has become a 'second-look' product in California  Asset Securitization Report

It used to be very easy to qualify for Property Assessed Clean Energy financing in California, and that made it a popular option with many contractors pitching ...

Asset Securitization Report
Pamela Flood's husband has not paid mortgage for eight years, court hears  The Irish Times

Restaurateur Ronan Ryan and Ms Flood face losing Clontarf home after bank moves to re-possess property.

The Irish Times
Reality Check: Tax Refund Shock  WCCO | CBS Minnesota

MINNEAPOLIS (WCCO) — Thousands of Minnesotans may be shocked when they fill out their taxes this year. Despite that massive tax cut last year, what you ...

WCCO | CBS Minnesota
Ilhan Omar, AIPAC money, and Kevin McCarthy, explained  Vox.com

House Republicans don't have a policy agenda that they're planning to wield to win back the House from Nancy Pelosi and the Democrats, but they do have a ...

Heart announce “Love Alive Tour” featuring Joan Jett, Brandi Carlile, and Sheryl Crow  Consequence of Sound

Heart are returning to the road this summer for their first North American outing in three years. The “Love Alive Tour”, named after Heart's 1977 Little Queen track, ...

Consequence of Sound
Level Brands Provides Corporate Update  Business Wire

Level Brands, Inc. (NYSE American: LEVB) announced today that the proposals to be considered at the 2019 annual meeting of shareholders scheduled for.

Business Wire
Beck and Cage the Elephant Teaming for Summer Tour  Audio Ink Radio

Following their collaboration on the song "Social Cues," Beck and Cage the Elephant are teaming for a headlining North American tour.

Audio Ink Radio
Trulia survey says more married couples have roommates now  TODAY

More married couples are forging their way into wedded bliss with a roommate in tow, according to a survey by Trulia. Economists at the home and ...

This House Keeps Residents Healthy by Design  Builder Magazine

Over the past few decades, green design has rapidly evolved from its early roots as a residential fringe movement, and, since then, much has changed about the ...

Builder Magazine
New American Funding acquires Marketplace Home Mortgage  HousingWire

New American Funding, already one of the biggest lenders in the nation, is set to expand even more, as the company announced Tuesday that it acquired ...

How Trump's Economic Chickens Are Finally Coming Home To Roost  Forbes

A Trifecta Of Bad Economic News Is Finally Getting Through To His Base.

Feds allege luxury shopping sprees, $11,000 Disney vacation in VR Labs case  The News-Press

Federal prosecutors finished presenting evidence Thursday in the trial of three people charged in the VR Labs scandal, opening the door to the anticipated ...

The News-Press
Is it the early days of a real estate revolution? Online realtor Redfin launches in Canada  CBC News

U.S. real estate brokerage firm Redfin launched in Canada this week — a firm that positions itself as a tech-powered company ready to shake up the way ...

CBC News
FHLB Des Moines Reports 2018 Preliminary Unaudited Financial Results and Fourth Quarter 2018 Dividend  GlobeNewswire

DES MOINES, Iowa, Feb. 15, 2019 (GLOBE NEWSWIRE) --. 2018 Summary Financial Results. Net income totaled $460 million, a decrease of $58 million from ...

First American Financial Corp (FAF) Q4 2018 Earnings Conference Call Transcript  Motley Fool

FAF earnings call for the period ending December 31, 2018.

Motley Fool
US industrial production drops; trade talk expectations rise; Canada home sales up; China debt balloons, China inflation falls; AU housing risks; UST 10yr 2.67%; oil and gold up; NZ$1 = 68.5 USc; TWI-5 = 73.2  Interest.co.nz

Here's our summary of key events overnight that affect New Zealand, with news downward momentum shifts are taking their toll. American manufacturing fell ...

Tennessee Valley Authority votes to close coal-fired plant, despite Trump's entreaties  The Boston Globe

A federal utility board has voted to close a coal-fired power plant in Kentucky over the objections of President Trump and some state GOP leaders.

The Boston Globe
New American Funding Announces Strategic Acquisition of Marketplace Home Mortgage  PRNewswire

TUSTIN, Calif., Dec. 19, 2018 /PRNewswire/ -- New American Funding today announced its strategic acquisition of Edina, Minnesota-based Marketplace Home.

Lennar subsidiary Eagle Home Mortgage fined $13.2 million for FHA lending violations  HousingWire

Despite recent statements from the Department of Housing and Urban Development and the Federal Housing Administration suggesting a lighter tone when it ...

New American Funding buys Marketplace Home Mortgage  Mortgage Professional America

New American Funding has acquired Edina, Minn.-based Marketplace Home Mortgage. Marketplace Home does business in 14 other states and provides ...

Mortgage Professional America
First American: Home prices point to trouble ahead  HousingWire

Home prices have climbed 15.3% year over year, signaling affordability concerns lie ahead, according to First American's Real House Price Index. Notably, the ...

What Was the Subprime Mortgage Crisis and How Did it Happen?  TheStreet.com

It may feel like longer to some, but it was just a decade ago that a catastrophic housing crisis destroyed the lives of many Americans, with effects that still exist ...

Why do we have a 30-year mortgage, anyway?  Marketplace APM

The average interest on a 30-year, fixed-rate mortgage rose just a hair this week, to 4.86 percent. That's almost a full percentage point higher than this time last ...

Marketplace APM
This home-buying strategy could come back in style as mortgage rates rise  CNBC

How badly do you want that new house? Prospective home buyers are facing pressure in the form of high home prices and the prospect of rising mortgage rates.

A credit score of 704 adds up to good news for home buyers  Washington Post

The average FICO credit score has improved for millions of Americans from the early years of the recession a decade ago.

Washington Post
'I lost my home because of a computer glitch': Wells' victims seek answers  American Banker

Jose Aguilar was shocked, but also angry, when he received a letter of apology earlier this fall from Wells Fargo. Aguilar and his family lost their home in ...

American Banker
Why High Home Prices And Rising Mortgage Rates Aren't Stopping Sales  Forbes Now

With mortgage rates high, home prices rising and affordability seemingly on the downslope, what's keeping today's home buyers in the game? Here's what ...

Forbes Now
First American: Interest rates overshadowing healthy economy | 2018-11-19  HousingWire

In October, potential existing-home sales rose from the previous month, but fell below 2017 levels, according to First American's Potential Home Sales Model.

12 mortgage power players to watch in 2019  National Mortgage News

The mortgage industry faces myriad questions and challenges in 2019. Here's a look at 12 executives who will be behind the waves being made this year.

National Mortgage News
What the Fed’s rate hike will mean for America’s wavering housing market  MarketWatch

As 2018 winds to a close, the housing market has shown signs of a slowdown, and now the Federal Reserve has raised interest rates. So what does that mean ...

Angelo Mozilo and his doomed mortgage machine  CNNMoney

Angelo Mozilo got rich selling the American Dream. Then he became the face of America's mortgage nightmare. Mozilo, the perpetually tanned son of a butcher ...

American Indian Tribe Becomes a Player in the No-Money Mortgage Business  Bloomberg

Richard Ferguson considers himself the friend of struggling homebuyers everywhere. The Utah mortgage man will make families' down payments for them.

Mortgage Rates Are Pushing U.S. Homes Out of Reach  Bloomberg

This is how housing markets turn. Slowly. Six years of home-price gains outpacing wage growth; bidding wars replaced by sales at the asking price; days or ...

Mortgage rates soar to seven-year highs  The Washington Post

Mortgage rates are at their highest levels since April 2011. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average ...

The Washington Post
Who is the American home buyer? Probably not what you're expecting | Mortgage Rates, Mortgage News and Strategy  The Mortgage Reports

The times, they are a-changing – at least when it comes to who's buying homes. According to new data, the face of the American home buyer is evolving, ...

The Mortgage Reports
12 Low Down Payment Mortgages, Including Some With Low Or No Mortgage Insurance  Forbes Now

Low down payment mortgages don't have to come with high interest rates and some of them don't even require mortgage insurance. I've rounded up 12 of them ...

Forbes Now
Mortgage market is ripe for fraud (again)  American Banker

Growing home prices plus rising interest rates are putting a damper on mortgage lending, which pushes the market to seek out less qualified borrowers and ...

American Banker
American homes are more affordable than they've been in 40 years — but that could change sooner than you think  Markets Insider

Mortgage rates are much lower than they were in the 1980s. Buying a home now is more affordable for millennials than it was for their parents.

Markets Insider
The New Mortgage Kings: They’re Not Banks  The Wall Street Journal

Specialized, less regulated lenders have bounced back from the crisis and now dominate the market; under-the-radar Freedom originates more home loans ...

The Wall Street Journal
Movement Mortgage Buys Eagle's Retail Ops  DSNews.com

Through this acquisition, Movement Mortgage will expand its reach to the Pacific and Mountain regions.

What salary do you need to afford an American home?  WUSA9.com

How much do you reasonably need to be earning to afford a median-priced home in the U.S.?

Citizens Bank completes acquisition of Franklin American Mortgage  HousingWire

Citizens Bank's acquisition of Franklin American Mortgage is now complete. The bank's parent company, Citizens Financial Group, announced this week that the ...

American Financing Corp. ordered to pay up for firing mortgage fraud whistleblower  HousingWire

Colorado-based American Financing Corp. was ordered to pay up after four of the mortgage company's former employees claimed that the company fired them ...

Are you a minority borrower? You might want to think twice about using an online lender.  The Washington Post

It's not just bank loan officers with racial biases who discriminate against black and Latino borrowers. Computer algorithms do, too. That is the groundbreaking ...

The Washington Post
3 Best Places Where It's Cheaper To Own A Home Than Rent  Forbes

If you're currently renting because you don't think you can afford a home in your city, you might be surprised — in many major U.S. cities, it's actually cheaper to ...

How Much is a Down Payment on a House? Do You Need 20 Percent?  TheStreet.com

A down payment on a house is a key first step in buying and owning your own home. If you're new to the housing market, you might be completely lost and not ...

Small-Time Bankers Make Millions Peddling Mortgages to the Poor  Bloomberg

A branch manager gets home loans for borrowers with weak credit or low incomes—and taxpayers back him up.

Lennar manipulated data so borrowers could qualify for home mortgages: whistleblower lawsuit  The Real Deal

A mortgage lending subsidiary of homebuilding giant Lennar has been hit with a whistleblower suit, alleging it provided loans to unqualified borrowers and ...

The Real Deal
How the government shutdown is disrupting mortgage, real estate transactions  Bankrate.com

As the U.S. government shutdown continues, federal workers aren't the only ones being impacted. Some homebuyers, along with lenders and real estate agents ...

47 Low Down Payment Mortgages By State; Including 30 States With An Option For No Mortgage Insurance  Forbes

A list of lenders by state that provide low down payment mortgage options without charging the high fees that come with conventional or FHA loans.

Citizens Bank to buy Franklin American Mortgage as others flee home loans  National Mortgage News

Citizens Bank's $511 million acquisition of Franklin American Mortgage will beef up the bank's servicing portfolio and diversify its origination business at a time ...

National Mortgage News
CFPB details what mortgage data will be public in 2019  American Banker

The Consumer Financial Protection Bureau issued guidance late Friday that will shield some new mortgage data from the public that lenders are required to ...

American Banker
Black Home Buyers Denied Mortgages More Than Twice As Often As Whites, Report Finds  Forbes Now

Black and Hispanic homebuyers are significantly more likely to get turned down for a conventional mortgage loan, according to new data. A recent analysis from ...

Forbes Now
Universal American Mortgage to pay $13.2m in False Claims Act settlement  Mortgage Professional America

Universal American Mortgage has entered a settlement under which it will pay $13.2 million to resolve allegations that it violated the False Claims Act by falsely ...

Mortgage Professional America
Top of the List: Largest home mortgage lenders in Central Ohio  Columbus Business First

The 25 top home mortgage lenders in this year's list closed 15333 first mortgage loans on Central Ohio properties in 2017.

Columbus Business First
When Is the Best Time to Buy a Home in 2019?  TheStreet.com

Knowing the right time to buy house is just as important in the home buying process as knowing what house you're going to buy, where you're going to buy it, ...

Millions of Americans still trapped in debt-logged homes ten years after crisis  Reuters

EAST STROUDSBURG, Pa., 2018 (Reuters) - School bus driver Michael Payne was renting an apartment on the 30th floor of a New York City high-rise, where ...

Higher mortgage rates and unsettled stock market scare off potential homebuyers  USA TODAY

The number of mortgage applications fell 3.2 percent last week from the previous week as mortgage rates hit an eight-year high.

Mortgage applications drop to 4-year low as interest rates hit 8-year high  CNBC

Rising interest rates are now clearly taking their toll on potential homebuyers. Total mortgage application volume fell 4 percent week to week and plunged 16 ...

The financial crisis of 2008: How housing contributed  Curbed

A housing surplus contributed to the development of loose lending prior to the crisis. Today, tight credit may be contributing to a housing shortage.

Kevin O'Leary: This is the age when you should have your mortgage paid off  CNBC

Americans hold $8.88 trillion of mortgage debt, according to a February report from the Federal Reserve Bank of New York. It's the largest type of household debt ...

Some Blacks See Big Gains in House Price Appreciation  CityLab

In some cities black homebuyers did better than whites, Latinos, and Asians in recent years. The problem is that there aren't enough of them.

Here's how to get a mortgage when you're self employed  Chase News & Stories

Many self-employed workers may face challenges getting approved for mortgages, but planning ahead to demonstrate accurate proof of your income can make ...

Chase News & Stories
Movement Mortgage adds $1.5B in loan volume with latest acquisition  Charlotte Business Journal

Indian Land-based Movement Mortgage announced Wednesday it plans to acquire retail branches of Eagle Home Mortgage LLC, adding 35 new locations in ...

Charlotte Business Journal
Arapahoe County jury awards former mortgage company employee $37,000 in whistleblower lawsuit  The Denver Post

A Denver jury has awarded $37000 to one of four employees who sued Aurora-based American Financial Corp. after they were fired for blowing the whistle on ...

The Denver Post
First American economist: Millennial mortgage market is far from dead  HousingWire

Although homeownership rates remain close to half-century lows, a large percentage of Millennials are still determined to actualize the American dream, ...

5 types of mortgage loans for homebuyers  Bankrate.com

For homebuyers, there are three basic types of mortgage loan options: fixed-rate, adjustable-rate and interest-only jumbo. Here's what to know about each loan ...

Black Homeowners See Home Values Rise Higher Than Other Groups After Subprime Mortgage Crisis  ValuePenguin

But there's a downside: black homeownership is at the lowest it's been in 50 years.

SoFi is said to cut 7% of staff, revamp ailing mortgage unit  American Banker

Social Finance, the lending and refinancing startup valued at more than $4 billion, is cutting about 7% of its staff, according to a person familiar with the matter.

American Banker
Americans have more home equity than ever. Here’s how to use it with a HELOC  Bankrate.com

Rising home prices across the U.S. have boosted homeowners' equity to record-setting levels. That means you can convert your home's increased value into ...

Here's How To Buy A House When You Have Student Loan Debt  Forbes Now

Can you buy a home if you have student loan debt? The answer is "yes" - here's how to maximize your chances.

Forbes Now
Notarize and Eagle Home Mortgage Join Forces to Complete a Fully-Digital Mortgage Closing in Texas  Business Wire

BOSTON--(BUSINESS WIRE)--Notarize, the first digital platform to offer a fully-online closing experience, and Eagle Home Mortgage, a full-*service* mortgage ...

Business Wire
Prepaying your mortgage: How reducing your loan principal can lead to big savings  Bankrate.com

You can reduce interest on your home loan by paying the mortgage principal early. How much do you need to pay to make a noticeable difference?

Unpaid federal workers owe more than $400 million in mortgage and rent payments this month  MarketWatch

The federal government has suggested that federal employees barter with landlords if they can't pay the rent.

American Equity Mortgage shuts down as creditors come forward  STLtoday.com

'It appears American Equity Mortgage didn't make the investments needed to adapt to that changing environment.'

American Financial Resources COO Bill Packer to chair MBA's tech forum  HousingWire

The Mortgage Bankers Association has named Bill Packer chairman of its Residential Technology Forum. Packer is executive vice president and COO American ...

Wells Fargo accidentally foreclosed on hundreds of homeowners  CNBC

Nearly 400 Wells Fargo customers lost their homes when they were accidentally foreclosed on after a software glitch denied them the ability to modify their ...


American Home Mortgage Videos

American Home Mortgage - Homegate
American Home Mortgage - Homegate
Introduction to Mortgage Loans | Housing | Finance & Capital Markets | Khan Academy
Introduction to Mortgage Loans | Housing | Finance & Capital Markets | Khan Academy
Meet the California Homeowners Hit Hard by the Housing Crisis
Meet the California Homeowners Hit Hard by the Housing Crisis
Beginners' guide to mortgages - MoneyWeek investment tutorials
Beginners' guide to mortgages - MoneyWeek investment tutorials
HUD 184 Native American Home Loan FAQ
HUD 184 Native American Home Loan FAQ
How to pay off a 30 year home mortgage in 5-7 years
How to pay off a 30 year home mortgage in 5-7 years
Wolkoff v. American Home Mortgage Servicing (No Evidence of Foreclosure)
Wolkoff v. American Home Mortgage Servicing (No Evidence of Foreclosure)
AHMSI - American Home Mortgage Servicing, Inc. and Taxpayer money at work.
AHMSI - American Home Mortgage Servicing, Inc. and Taxpayer money at work.
American Home Mortgage Commercial
American Home Mortgage Commercial
Mortgage Debt! Credit Card Debt! and The End Of The American Dream!
Mortgage Debt! Credit Card Debt! and The End Of The American Dream!

American Home Mortgage Images

American mortgage payments now cost 98% of average income ...
American mortgage payments now cost 98% of average income ...
Build To Rent - The Perfect Home With No Mortgage ...
Build To Rent - The Perfect Home With No Mortgage ...
‘Real Housewives' Star Lisa Vanderpump Buys Daughter a ...
‘Real Housewives' Star Lisa Vanderpump Buys Daughter a ...
Black Card - Black Credit Card Requirements
Black Card - Black Credit Card Requirements
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Best Places to Live in American Falls, Idaho
THE GREAT DEPRESSION BEGINS - ppt video online download
THE GREAT DEPRESSION BEGINS - ppt video online download
First American Title partners with Clarifire to provide ...
First American Title partners with Clarifire to provide ...
Brewster 6904 - Archived - Modular Home - DB Homes
Brewster 6904 - Archived - Modular Home - DB Homes
FREEPORT, NY – OFFICE/RETAIL SPACE 425 sq ft + 850sq ft ...
FREEPORT, NY – OFFICE/RETAIL SPACE 425 sq ft + 850sq ft ...
Guidance Residential - Wikipedia
Guidance Residential - Wikipedia

American Home Mortgage WebSites


American Home Mortgage Wiki

American Home Mortgage Investment Corporation was the 10th largest retail mortgage lender in the United States and was structured as a real estate investment trust (REIT).In 2007, it filed for bankruptcy and was liquidated. The company was focused on earning net interest income from self-originated loans and mortgage-backed securities, and through its taxable subsidiaries, from originating and servicing mortgage loans for institutional investors.Mortgages were originated through the company's employees as well as through mortgage brokers and purchased from correspondent lenders and were serviced at the company's servicing center in Irving, Texas.The company filed for Chapter 11 bankruptcy protection in Wilmington Delaware federal court, on August 6, 2007. The week before the filing, the company said that many of its lenders had demanded their money back, and that AHM was also unable to deliver on about US$800 million in commitments for housing loans, and had laid off nearly ninety percent of its 7,000 employees.