American Home Mortgage Stocks List
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
PFFA | C | Virtus InfraCap U.S. Preferred Stock ETF | 2.64 | |
HYIN | D | WisdomTree Alternative Income Fund | 2.61 | |
REM | D | iShares Mortgage Real Estate Capped ETF | 2.31 | |
ICAP | C | InfraCap Equity Income Fund ETF | 2.15 | |
RIET | D | Hoya Capital High Dividend Yield ETF | 1.24 |
Compare ETFs
- American Home Mortgage
American Home Mortgage Investment Corporation was the 10th largest retail mortgage lender in the United States and was structured as a real estate investment trust (REIT).
In 2007, it filed for bankruptcy and was liquidated. The company was focused on earning net interest income from self-originated loans and mortgage-backed securities, and through its taxable subsidiaries, from originating and servicing mortgage loans for institutional investors.
Mortgages were originated through the company's employees as well as through mortgage brokers and purchased from correspondent lenders and were serviced at the company's servicing center in Irving, Texas.
The company filed for Chapter 11 bankruptcy protection in Wilmington Delaware federal court, on August 6, 2007. The week before the filing, the company said that many of its lenders had demanded their money back, and that AHM was also unable to deliver on about US$800 million in commitments for housing loans, and had laid off nearly ninety percent of its 7,000 employees.
Popular Now
Recent Comments
- TraderMike on IZM
- TraderMike on Today's Outage
- Crunching_The_Market on Today's Outage
- TraderMike on Market Recap for Friday, March 8, 2024
- Don_Marat on Market Recap for Friday, March 8, 2024
From the Blog
Featured Articles