twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.

American Home Expands into Correspondent Lending

Name change planned for Q2

Feb. 17, 2012

By staff

American Home Mortgage Servicing Inc., a big player in the mortgage servicing arena, has recently expanded into correspondent production, warehouse lending and home valuation services and is changing its name.

The Coppell, Texas-based firm said Friday that it launched correspondent and warehouse lending operations in October.

The addition of the new business lines followed an expansion over the past 12 months into loan closing services, REO management and home valuation. It also started providing special servicing, sub-servicing and asset management consulting.

Dave Applegate, president and chief executive officer of the company, noted in the news release that "we have built a full-service mortgage banking enterprise with a broad spectrum of offerings and expertise in lending."

American Home claims to be the 13th largest residential servicer with 374,000 mortgages serviced for $71 billion.

The company was created from the early 2008 acquisition of American Home Mortgage Investment Corp., which was among the first casualties of the subprime crisis. That was followed by the May 2008 acquisition of Option One Mortgage Servicing and the February 2009 purchase of 185,000 loans from Citi Residential Lending.

In August 2009, the man behind American Home, billionaire Wilbur Ross, hired former Federal Housing Finance Agency director James B. Lockhart III as vice chairman of WL Ross & Co. LLC.

American Home furthered its stake in residential lending with a September 2010 investment in The Capital Markets Cooperative. Members of the cooperative reportedly originated $25 billion annually at the time.

American Home recently settled a lawsuit filed in a Stamford, Conn., superior court by Carrington Capital Management LLC. That lawsuit, filed in February 2009, was followed one week later by a lawsuit filed in the same court by American Home against Carrington parent Carrington Asset Holding Company LLC, two Carrington affiliates and Bruce M. Rose.

American Home had accused Carrington of devising an illegal scheme to force it to unnecessarily hold on to repossessed properties much longer than necessary -- a move that allegedly enabled the hedge fund to divert losses to more senior investors.

In today's statement, American Home said it is changing its name to Homeward Residential. The change reflects its expansion into residential lending and other real estate finance related businesses.

"The name Homeward evolved after employee and customer input, followed by additional research, analysis and audience testing," the announcement said.

American Home expects to complete the name change in the second quarter.

next story

back to current headlines

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Mortgage Lawsuits News | Mortgage Litigation Index
Mortgage industry lawsuit news and mortgage litigation coverage. Stories about legal settlements, judgments and mortgage class actions.

Appraisal News | AMC Directory
Appraisal industry news coverage, including stories about independence requirements, AVMs and appraiser fraud.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders