Industry News

American Home’s explosive growth capped by bankruptcy

New York-based lender ranked in top 10 nationwide
Published on Aug 7, 2007

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by CareyBot

American Home Mortgage Investment Corp., a publicly traded real estate investment trust that grew rapidly during the housing boom to become the nation’s 10th-biggest residential mortgage lender, has filed for Chapter 11 bankruptcy protection. American Home employed about 7,500 workers ...