Thursday, August 02, 2007

AHM Throws in the Towel

by Tanta on 8/02/2007 04:14:00 PM

Newsday:

American Home Mortgage Investment Corp. will be closing its doors Friday, after several attempts to sell of all or some of its divisions to rival lenders went up in smoke this week, numerous employees said.

Employees said they were contacted by senior management through the course of the day and told that none of their strategic options for remaining open had panned out.

Thanks, Gamma.