Loan Think

What We're Hearing

Published March 11, 2009, 6:00 a.m. EDT

1 Min Read

Michael Strauss, CEO of American Home Mortgage which crashed and burned back in the summer of 2007, is reportedly looking to re-enter the mortgage business. One former executive at AHM -- once a publicly traded REIT -- said Mr. Strauss is "building" a new mortgage related business adding that he "hopes to be in position within a few years to jump on the next opportunity." AHM was an alt-A and prime lender that was margin called by its warehouse lenders. Most of its servicing was eventually bought by bottomfisher Wilbur Ross...

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