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AHM Servicing Sale Facing Challenges.(American Home Mortgage Corp.)(Brief article)
NEW YORK -- The saga around the sale of bankrupt American Home Mortgage's servicing rights took a new twist last week as a major stockholder in the firm filed a lawsuit challenging the company's characterization of its portfolio. Other investors and creditors have also challenged the sale, according to news reports.
Vantage Pointe Capital filed a motion in late September requesting further documentation of American Home's financial status, arguing that the price the company agreed to sell its servicing rights is too low.
American Home in early October made plans to sell its portfolio to Wilbur Ross Jr., a distressed-debt investor. American Home Mortgage has proposed selling its servicing platform and servicing rights to Mr. Ross, whose "stalking horse" bid of $500 million was deemed tops in an auction.
Located in Irving, Texas, the mortgage servicing business of American Home employs some 400 ...
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...first step towards making way for the construction of the Vantage Pointe Town Homes. "Shelter is one of life's most urgent needs...and to provide free home-buying information to help more Americans achieve the dream of homeownership. In addition to the Hornets...
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...according to news reports. Vantage Pointe Capital filed a motion...further documentation of American Home's financial...servicing business of American Home employs some 400...company said. While American Home has sought a quick...auction of its assets, Vantage Pointe argued ...
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...are associated with one of Coletti's current projects, Vantage Pointe, a 10,835 sq. ft. manor to be featured in the 2009...ft. of tongue and groove aspen wood. In addition to Vantage Pointe, Sun West Custom Homes has several other projects in development...
- AHM Servicing Sale Facing Challenges.
- News wire article from: Mortgage Line January 2, 2008 700+ words
...according to news reports. Vantage Pointe Capital filed a motion...further documentation of American Home's financial...servicing business of American Home employs some 400...company said. While American Home has sought a quick...auction of its assets, Vantage Pointe argued ...
Source: HighBeam Research, AHM Servicing Sale Facing Challenges.(American Home Mortgage...