Industry News

American Home boosts profits amid rising delinquencies

Lender sees record growth in loan production, servicing fees
Published on Oct 26, 2006

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by CareyBot

American Home Mortgage Investment Corp. — a mortgage real estate investment trust that originates its own loans — said third-quarter profits were up 35 percent from the same quarter last year, to $72 million. The Melville, N.Y.-based lender said it ...