What We're Hearing

In attendance today at the New Jersey Association of Mortgage Brokers show in Atlantic City is a representative of LendAmerica who is probably getting a lot of questions about yesterday's events. He's manning a booth in the trade show. (See the National Mortgage News website for an update on the LendAmerica saga.) Anyway, we're talking to all types of sources in the industry about the company, its history and current reputation. Needless to say, it's certainly turning out to be an interesting story. One fact: its corporate headquarters is out in Melville, Long Island. The building once served as HQ for American Home Mortgage, a now-defunct alt-A and prime lender. We understand former AmHome chief Michael Strauss is looking to get back into the business. Hey, but isn't everyone these days?..