Banks Pull Objections To AHM Unit Sale: Reports

Law360, New York (October 19, 2007, 12:00 AM EDT) -- American Home Mortgage Investment Corp. said Friday that it has struck deals with several investment banks that had earlier objected to the sale of its loan-servicing arm to billionaire Wilbur Ross' private equity firm, according to reports.

The bankrupt mortgage lender's attorneys said in Delaware bankruptcy court Friday likes of JP Morgan Chase & Co., Citibank, Bank of New York Mellon Corp., Bear Stearns Cos. Inc., Countrywide Financial Corp. and Goldman Sachs Group Inc. are withdrawing the objections they filed earlier this month to the planned...
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