AHM's Servicing Platform Buyer Pushes For Closure

Law360, New York (April 9, 2008, 12:00 AM EDT) -- The company that purchased American Home Mortgage Corp.’s loan servicing business many months ago is now pushing the bankruptcy court to force the bankrupt lender to close the deal.

AH Mortgage Acquisition Co. Inc filed a motion Tuesday in the U.S. Bankruptcy Court for the District of Delaware seeking to compel AHM to effectuate the final closing of the $500 million sale, which initially closed in November.

When AHM filed for Chapter 11 in August, its servicing platform was one of its most valuable assets....
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.