New Secondary Market Outlet for Seasoned Loans

American Home Bank will now purchase seasoned, high-quality, residential mortgage loans from financial institutions and other portfolio holders. The company has created a team based in Fort Lauderdale, headed up by Maylin Casanueva. Most recently she had a similar role at Redwood Financial Services; also she has been the director of transaction management and due diligence services for CoreStates Securities and Meridian Capital Markets. Other members of the team have experience in banking, mortgage banking and capital markets. James Deitch, managing director of American Home Bank, said the new business helps sellers "augment their capital base and increase liquidity, while at the same time provide them with efficient trade execution." American Home Bank is the mortgage division of First National Bank of Chester County, West Chester, Pa.