AmeriFirst Financial, Inc.

  1. November 21, 2023

    AmeriFirst Punts On Final DIP After Creditors File Release Suit

    AmeriFirst Financial agreed Tuesday to delay a final ruling on its bankruptcy financing package after unsecured creditors in its Chapter 11 opened an adversary proceeding alleging the case was set up to exclusively benefit lender Reverence Capital Partners, which creditors say intentionally "destroyed" the debtor's business.

  2. November 17, 2023

    Fannie Mae Objects To AmeriFirst Loan Servicing Sale 

    Fannie Mae has asked a Delaware bankruptcy judge to reject mortgage lender AmeriFirst Financial's proposal to sell $8 million worth of servicing rights to Fannie Mae loans, saying the deal can't go through until it signs off.

  3. November 06, 2023

    Del. Judge Orders Mediation In AmeriFirst Spat With Creditors

    A Delaware bankruptcy judge on Monday instructed mortgage lender AmeriFirst Financial and its creditors to engage in mediation this week to try to hash out an agreement over a financing order that the creditors say would prevent them from challenging releases of claims against the company's Chapter 11 lender.

  4. October 26, 2023

    Kasowitz Can't Represent Creditors In AmeriFirst Ch. 11

    Kasowitz Benson Torres LLP can't be retained as special litigation counsel for the unsecured creditors committee in the Chapter 11 case of mortgage lender AmeriFirst Financial after a Delaware judge ruled Thursday that the firm formerly represented the debtor in legal matters involving a creditor.

  5. October 20, 2023

    Del. Judge Urged To Move AmeriFirst Ch. 11 To Arizona

    A Delaware bankruptcy judge was asked Friday to transfer the Chapter 11 case of mortgage company AmeriFirst Financial to Arizona, with unsecured creditors arguing that a Delaware lender had taken control of the Arizona company's bankruptcy.