American Home Mortgage Investment Corp., Melville, N.Y., has begun trading under a new ticker symbol, AHM, on the New York Stock Exchange.The company is a mortgage real estate investment trust that specializes in investing in mortgage-backed securities and, through taxable subsidiaries, originating and servicing mortgage loans for institutional investors. It can be found on the Web at http://www.americanhm.com.
Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.
