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American Home Gets Loan Sales Approval.
MELVILLE, NY -- American Home Mortgage Investment has received approval from the U.S. Bankruptcy Court for the District of Delaware to auction off certain loans owned by two affiliates of American Home, Broadhollow Funding and Melville Funding. Under the court's approval, American Home said it would sell approximately 5,700 whole mortgage loans owned by the two units on Sept. 11.
The auction was scheduled to be conducted at the offices of Young Conaway Stargatt & Taylor, Wilmington, Del.
The auction procedures agreement was between American Home Mortgage Investment Corp., AHM Investment and AHM Servicing, all of which are subject to the ...
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