When American Home Mortgage Investment Corp. filed for bankruptcy protection Monday (see item below), it listed debts of more than $100 million and a long list of unsecured creditors, including many of the nation's top investment banking firms.According to a court petition, the now-defunct lender owes money to Bank of America, Bear Stearns, Citigroup, Countrywide Capital, Deutsche Bank, J.P. Morgan Chase, and Nomura Securities, to name a few. The petition, however, does not specify dollar amounts, listing the amount of the claim as "unliquidated." However, earlier public filings by the Melville, N.Y.-based company show that its biggest warehouse lenders include: Bear Stearns ($2 billion in credit lines), UBS Securities ($2 billion), Calyon Credit ($1.5 billion), and Bank of America ($1.3 billion).
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Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday morning that the central bank recently finalized a new organizational structure for its supervision and regulation division.
46m ago -
Almost 75% of brokers reported growing non-QM volume in their business over the last three years, and just 3.7% said volume decreased, according to AD Mortgage.
1h ago -
The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.
3h ago -
Critics of the OCC's broad preemption stance say the OCC is resurrecting an approach Congress curtailed after the financial crisis, setting up another Supreme Court test over the balance between federal banking powers and state consumer protections.
6h ago -
There's broad support for the effort to reduce costs and processes, but the Appraisal Institute warns about reducing property valuation quality control checks.
June 24 -
Foundation had introduced Version 3 of its credit risk model, using the most recent delinquency data, to improve loan performance predictions.
June 24










