Debt
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AHM Bankrupt; Gets $50 Million Debtor-in-Possession Financing
Aug 06, 2007Almost a foregone conclusion at this point, American Home Mortgage Investment Company said today that it has filed for Chapter 11 bankruptcy protection. The semi-good news here: $50 million in debtor-in-possession financing. It’s likely that a good chunk of these funds will go to keep its servicing operations afloat. The bad news is that it doesn’t appear likely that anything will be available to creditors after the company winds down:
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Fitch Details New Criteria for Newly-Issued US RMBS
Aug 06, 2007 -
Q1 2007 Commercial/Multifamily Mortgage Debt Outstanding Exeeds $3 Trillion
Jun 13, 2007 -
BK Court Approves DIP Financing for New Century
Apr 06, 2007 -
New Century Bankrupt; Will Sell Servicing Platform For $139 Million
Apr 02, 2007 -
Company Launches Subprime Collections Tool
Mar 29, 2007 -
Whole Loan Fire Sale at Accredited
Mar 16, 2007 -
MBA: Suitability Standard Would Have ‘Severe’ Consequences
Jan 30, 2007 -
Bay Capital Closes Its Doors; Parent Faces Insolvency
Jan 12, 2007 -
SunTrust Taps Wells’ Risk Guru McLaughlin
Jan 09, 2007
