April 2005
Mortgage Banking;Apr2005, Vol. 65 Issue 7, p9
The article reports that the American Home Mortgage Corp. has signed a definitive agreement with Fishers, Indiana based Irwin Mortgage Corp. to acquire community mortgage loan production branches in Arizona, California, Colorado, Hawaii and Washington. In addition, American Home will acquire Irwin Mortgage's credit union affinity business, which markets mortgage loans through mortgage salespeople located on-site at approximately 50 credit unions. American Home expects total additional annual originations of between S500 million and $1 billion as a result of the acquisition.


Related Articles

  • AHM adds 23 loan offices in Western states. Solnik, Claude // Long Island Business News (7/1993 to 5/2009);3/25/2005, Vol. 52 Issue 13, p7A 

    The article reports on the decision of American Home Mortgage Investment Corp. to takeover 23 loan offices of Irwin Mortgage Corp. in several states in the U.S. The deal should give the firm up to 1 billion in additional mortgage originations annually. It will also let the company expand its...

  • American Home to sell mortgage loan pools.  // Long Island Business News (7/1993 to 5/2009);1/4/2008, Vol. 55 Issue 1, p8A 

    The article reports on the move of American Home Mortgage Investment Corp. to sell mortgage pools in Long Island, New York. According to the article, the mortgage lender has called for the approval of U.S. Bankruptcy Court in auctioning the said loans. In addition, it states that the firm has...

  • NCEN Gets Irwin's Shop.  // Mortgage Servicing News;Mar2007, Vol. 11 Issue 2, p17 

    The article reports on the acquisition of Irwin Mortgage Corp.'s mortgage servicing shop by New Century Financial Corp. in California. According to New Century executive vice president Kevin Cloyd, this acquisition will permit the company to increase measurability, cut servicing costs and...

  • Irwin Unloads $19B of MSRs. Muolo, Paul // Mortgage Servicing News;Nov2006, Vol. 10 Issue 10, p1 

    The article reports on the acquisition of majority of Irwin Mortgage Corp.'s servicing portfolio by Citigroup Inc. The acquisition was revealed in "Mortgage Servicing News" by investment banking sources. The sale was made public in early October 2006. Irwin Mortgage is owned by Irwin Financial...

  • AHM under fire.  // Long Island Business News (7/1993 to 5/2009);1/11/2008, Vol. 55 Issue 2, p10A 

    The article reports that the plan of American Home Mortgage Investment Corp. to destroy 490,000 hardcopy mortgage loan files has drawn criticism from federal bankruptcy monitors. The plan could hurt homeowners' ability to sue the failed lender. Destruction of the paper files could mean big...

  • AHM Expects Profit Squeeze.  // National Mortgage News;1/16/2006, Vol. 30 Issue 15, p2 

    The article reports that Melville, New York-based American Home Mortgage Investment Corp. has reduced its financial forecasts for the fourth quarter of 2006. The company expects that the challenging business condition in the secondary market will have an impact on its financial performance....

  • American Home closes WaMu deal.  // Long Island Business News (7/1993 to 5/2009);10/8/2004, Vol. 51 Issue 43, p6B 

    This article reports that American Home Mortgage Investment Corp. has acquired the Washington Mutual (WaMu) residential home loan centers that the bank had planned to close, in 18 states for an undisclosed sum. American Home assumed WaMu's lease obligations and bought certain fixed assets in the...

  • AHM Is Buying Bank for $16M.  // National Mortgage News;9/4/2006, Vol. 30 Issue 47, p7 

    The article reports on the plan to buy Flower Bank of Chicago by mortgage banker American Home Mortgage (AHM) Investment Corp. AHM purchased the single-branch thrift for $16 million and obtains a depository which may improve its cost of funds. If the proposal is approved, AHM will control the...

  • ABC Names Regional SVP.  // National Mortgage News;9/4/2006, Vol. 30 Issue 47, p12 

    The article reports on the appointment of Nev-Sheryl Heffernan as the new senior vice president of the West region of American Brokers Conduit, wholesale division of American Home Mortgage Investment Corp. The company asserted that Heffernan is qualified for the position for her more than 20...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics