American Home Seeks Additional $50M In DIP Loan

Law360, New York (December 20, 2007, 12:00 AM EST) -- Bankrupt lender American Home Mortgage Holdings Inc. has asked for an additional $50 million to operate its servicing business for the next few months until the unit’s sale is finalized.

In a motion filed with the U.S. Bankruptcy Court for the District of Delaware on Wednesday, AHM asked to increase the funding from a recently approved Limited Recourse DIP loan so the company can continue to service its loans until it passes the legal title of the servicing business over to AH Mortgage Acquisition Co....
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