Items Tagged with 'American Home Mortgage Servicing Inc.'

ARTICLES

  • American Home Fires Back, Sues Hedge Fund for Racketeering

    After finding itself dragged into court by hedge fund manager Bruce Rose of Greenwich-based Carrington Capital, Irving, Tex.-based mortgage servicer American Home Mortgage Servicing, Inc. fired its own volley back at both Rose and Carrington on Thursday, suing for alleged acts of racketeering and a scheme to profit illegally from holding REO hostage at the servicing firm. American Home is owned by legendary investor Wilbur Ross’ WL Ross & Co., and is the nation's largest independent residential mortgage servicer.
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  • S&P Defers Review of Fast-Growing Servicer

    Standard & Poor's Ratings Services said earlier this week that it had deferred its annual review of its residential servicer rankings on American Home Mortgage Servicing Inc. (AHMSI), to allow the company time to complete its most recent acquisition.
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  • Wilbur Ross: Obama Foreclosure Fix Not Enough

    Heated debates flooded market analyst inboxes and traders' IM channels today on the issue of whether the Obama administration's newly-announced plan to subsidize foreclosures with credits to servicers, lenders, and borrowers at risk of losing their home would be enough turn around the nation's ailing housing and mortgage markets. While the jury is still clearly out, at least one legendary investor isn’t counting on the government’s plan to have the sort of impact some are expecting.
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  • Wilbur Ross’ Plan: Build a Better Bank

    (Update 1) Distressed asset investor Wilbur Ross, of WL Ross & Co., wants to be a banker. But buying troubled banks like Florida’s BankUnited Financial Corp. [stock BKUNA][/stock] just doesn’t really fit his ‘good bank’ plan.
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  • American Home Acquires Citi Res Servicing Rights

    American Home Mortgage Servicing Inc., owned by billionaire investor Wilbur Ross, has picked up a sizeable servicing portfolio from Citigroup, Inc. [stock C][/stock]; the acquisition will make the Irving, Tex.-based servicing platform the largest third-party servicer in the nation. Ross broke the news of the acquisition on CNBC's Squawkbox program early Thursday morning, although industry sources have been buzzing privately about the deal for well over a month now.
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  • American Home Sees Servicer Ratings Boosted

    One of the larger servicing shops you may not have heard of -- yet -- is on the upswing this week, after Fitch Ratings last week boosted the ratings of American Home Mortgage Servicing, Inc. The servicer, once tied to now defunct Alt-A lender American Home Mortgage Corp., was snapped up billionaire investor Wilbur Ross.
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