American Home Mortgage says Wilbur Ross bid picked as best offer for ...

Story date: 2007-10-05 02:02:00
Added on: 2007-10-05 14:24:24

CNBC - Investors fled that market after a spike in mortgage defaults. The servicing business, which handles mortgage, tax and insurance payments from borrowers and directs those payments to the proper recipients, employs more than 400 people. It is based in ...


Read more...

Related Stories:

• Stock futures move higher on hopes for rate cut; market waits for fate ...

  CNBC - NEW YORK - Wall Street pointed to a higher opening Monday as investors positioned themselves ahead of an expected interest...
  2007-10-29 04:58:00

• MGIC to offer common stock

  CNBC - The money raised will be used to increase insurance volume and for general corporate purposes. Like other mortgage insurers, MGIC...
  2008-03-04 05:16:00

• Ginnie Mae reaches agreement with American Home Mortgage on servicing ...

  CNBC - A moribund housing market and a spike in defaults scared investors away from mortgage debt, and as American Home's home...
  2007-09-20 03:53:00

• Are foreclosures a buy? (Seattle Times)

  Speculators fled the real-estate market in 2006 when home prices began falling. But there are investors looking to make money in the...
  2008-04-16 02:10:26

• MFS Plunges as Investors Question Asset Manager Debt (Update1)

  Bloomberg - The pair lost 90 percent of their market value after failing to refinance a combined A$10 billion of debt as...
  2008-01-17 10:54:00

• Troubled Home Owners Still Find Help Hard to Get

  CNBC - ... backed initiatives have been announced since to reach out to modify loans for borrowers with bad loans, such...
  2008-02-27 06:14:00

• S&P may downgrade Triad

  CNBC - With $68.2 billion in insured loans, Triad Guaranty sells insurance policies that promise to repay lenders when mortgage borrowers default....
  2008-02-14 02:07:00

• Australia Corporate Bond Sales Rise to Monthly Record, S&P Says

  Bloomberg - Bond sellers fled the market in the second half of last year when losses linked to rising defaults on subprime...
  2008-01-20 11:34:00