American Home Unit Sale Meets Heavy Opposition

Law360, New York (October 3, 2007, 12:00 AM EDT) -- Bankrupt American Home Mortgage Investment Corp. faces a slew of objections to the sale of its loan servicing business, with even more objections filed just ahead of the court-appointed Tuesday deadline.

U.S. Bankruptcy Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware said in September that any objections to the sale had to be filed by 4pm on Oct. 2nd.

Numerous parties took advantage of the opportunity to weigh in, including JP Morgan Chase Bank, UBS Real Estate Securities Inc. and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.