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nice about time
someone bought 10K shares at .12 hmmmmmm
yes, this preferred stock is so undervalued imho
looks like somebody dumped commons yesterday
dead cat bounce soon or what?
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liquidation od debtors I see nothing about stock common or prefered this is the officicial we aint paying you back time to right off thing any way heres a link from the letter http://chapter11.epiqsystems.com/clientdefault.aspx?pk=dc09b15b-9fb2-4473-b1f3-8951788bde5b&l=1
Honorable Christopher S. Sontchi will preside so we will see but this is the debtors disclosure statements of debts is my understanding nothing about stock no good thast i see the movie galery one had it plan as day I see nothing here but cant see the restructuring statement need to find that.??
movie gallery too but stock still trades so go figure
it already happened to New Century but AHM escaped into chapter 11 ahead of time, it could have preserved some major assets
asumtion I care not to enetertain but ill check my pobox later i got certs so they gotta mail me too eom will update later
it would be devastating if they decide to cancel all equity interests - both common and preferreds
got no new news TDameritrade compay profile >>>
American Home Mortgage Investment Corp. is a mortgage real estate investment trust (REIT) engaged in the business of investing in mortgage-backed securities and mortgage loans resulting from the securitization of residential mortgage loans originated and serviced by its subsidiaries. It has four segments. The mortgage holdings segment uses the Company’s equity capital and borrowed funds to invest in mortgage-backed securities and mortgage loans held for investment. The loan origination segment originates mortgage loans through the Company’s retail and wholesale loan production offices and its correspondent channel. The loan servicing segment includes investments in mortgage servicing rights, as well as servicing operations primarily for other financial institutions. The banking segment includes loans held for investment and deposits acquired in the Company’s acquisition of Flower Bank, fsb in October 2006. In February 2007, Flower Bank, fsb changed its name to American Home Bank.
what's going on Sep 15th? I got an email shaholder notice thru scottrade about that date--it seems like an announcement on chapter 11.
the loans still exsists just no new ones
they never took down their American Home Bank website....
http://www.ahbank.com/
I have an order to buy at .08 and no fill, someone whacked 100 shares at .001 while level II is at .015x.20
yea it gets pretty tuff since option one came into mix and thier very little on that deal
I haven't researched that far
I know they are not writeing any more loans so they plan to service what they got not sell off for quick flip
yes agreed it was a bargain ,have you figured the debt ratio thats where i got lost 50billion in loans couldnt figure it out?Now they got option one anothe what 40bil in loans debt ratio is key or some kind of monthly net would be very helpful from the pps I am assuming they are loseing money but I dont know do you?
it looks like Ross acquired the mortgage servicing unit of AHM for $500M
huh neighbor no I had a mortg with american and they sold me to wamu so Ive been aware of them for some time when I herd about wibur ross it was a no brainer
maybe i should elaborate i refied with them couldnt resist the equity like every body else it was six figures anyway amercan I feel some gratitude towards them took huge money out it was good day.
Since everthing has gotten so seriouse please add to all my statements past, presant, and future, forward looking, maybe, just my opinion; to anything I say ,said or will say. signed Texan77 dd edgar longs rule
why AHM is special-->>>American Home Mortgage joins more than 50 lenders in bankruptcy this year. It is bigger than most of the other lenders to go out of business so far, second only to New Century Financial.
But unlike New Century and most other bankrupt lenders, American Home Mortgage was not a subprime lender, catering to home buyers with spotty credit. Almost none of American Home Mortgage’s $58.9 billion in home loans last year were to subprime borrowers.
http://www.nytimes.com/2007/08/07/business/07home.html
___________________________________________________
"The only thing necessary for the triumph of evil is for good [people] to do nothing." --Edmund Burke
did their time limit expire?--->>>
American Home Mortgage Investment Corp. Seeks More Time To Develop Chapter 11 Plan-DJ
Monday, 3 Dec 2007 04:41pm EST
Dow Jones reported that American Home Mortgage Investment Corp. which faced a December 4, 2007, deadline to file a Chapter 11 plan setting out how it plans to pay creditors, has asked for a court order pushing off the deadline until March 2008. In papers filed in the U.S. Bankruptcy Court in Wilmington, Del., failed mortgage lender said it needs at least 90 days more to negotiate a Chapter 11 plan with creditors. Bankruptcy laws give companies operating under Chapter 11 protection the exclusive right to propose a plan for a short period. American Home filed for such protection in August 2007, and its first period of exclusivity runs out on December 4, 2007.
whatever happened to his offer?-->>>>
American Home Mortgage Names WL Ross as Successful Bidder for American Home's Servicing Business
Business Wire, Oct 5, 2007 E-mail Print Link MELVILLE, N.Y. -- American Home Investment Corp. (OTC:AHMIQ) ("American Home") today announced that the stalking horse bid of AH Mortgage Acquisition Co., an entity sponsored by WL Ross & Co. LLC, was selected as the highest and best offer for American Home's mortgage servicing platform and mortgage servicing rights. The sale of the servicing business is subject to the approval of the U.S. Bankruptcy Court for the District of Delaware. A sale approval hearing is scheduled for October 15, 2007. Financial closing of the transaction is anticipated by the end of October.
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Today's Best Part-Time Jobs The purchase price payable under the agreement is based on a formula, tied primarily to the amount of unpaid principal loan balances and outstanding servicing advances as of the financial closing date. American Home estimates, based on current account balances and certain other assumptions, that the total purchase price will be approximately $500 million.
Located in Irving, Texas, the mortgage servicing business of American Home employs over 400 professionals servicing a portfolio of more than 200,000 loans and over $50 billion of unpaid principal balance. An objective of American Home through the sales process is to provide a seamless transition of mortgage servicing to homeowners while its servicing operations are transferred to AH Mortgage Acquisition Co.
This news release contains "forward-looking statements" that are based upon expectations, estimates, forecasts, projections and assumptions. Any statement in this news release that is not a statement of historical fact, including, but not limited to, projections of financial results, expected future financial position, or business strategy, and any other statements of plans, expectations, objectives, estimates and beliefs, is a forward-looking statement. Words such as "look forward," "will," "anticipate," "may," "expect," "plan," "believe," "intend," "opportunity," "potential," and similar words, or the negatives of those words, are intended to identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that are difficult to predict, and are not guarantees of future performance. As a result, actual future events may differ materially from any future results, performance or achievements expressed in or implied by this news release. Such forward-looking statements are inherently uncertain, and actual results may differ from expectations. American Home does not assume any responsibility, and expressly disclaims any responsibility, to issue updates to any forward-looking statements discussed in this news release, whether as a result of new information, future events or otherwise.
COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
are you his neighbor?
citi and a bunch were pissed he did something to get control in the bnkruptsy hhering or something
he loaned them money already under bankruptcy
Wilur Ross will work the hell out that I wouldnt want to tangle with him hes got seriouse conects wasnt he some high up advisor at one time ?
nothing so far...look at this news on AHMMQ--->>>
BUYINS.NET: VWDRY, AHMMQ Have Also Been Added To Naked Short List Today
Wednesday, July 23, 2008 09:25ET
Jul 23, 2008 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Vestas Wind Systems AS (OTC: VWDRY), American Home Mortgage Investment Corp. (OTC: AHMMQ). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
American Home Mortgage Investment Corp. (OTC: AHMMQ) a real estate investment trust (REIT), engages in the investment and origination of residential mortgage loans in the United States. The company primarily originates and sells securitized adjustable-rate mortgage loans, as well as engages in the sale of mortgage loans to institutional investors and servicing mortgage loans owned by others. Its products also comprise conventional conforming fixed rate loans, alternate "A" loans, jumbo fixed rate loans, home equity or second mortgage loans, government fixed rate loans, non-prime loans, construction loans, and bridge loans. The company has elected to be treated as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. American Home Mortgage Investment Corp. was founded in 1999 and is headquartered in Melville, New York. On August 6, 2007, American Home Mortgage Investment Corp., alongwith its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware. With 2.15 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of AHMMQ.
got a trigger date on that ? chapter 11 fileings?
we never know if both stocks will be worthless til they release the chapter 11 details
good DD lifegear makeme rethink position
the $25 redemption rights was only for preferred stock AHMMQ and the series b
preferred stocks are ahead of AHMIQ(common stock) in terms of dividends and distribution
53.75 million for 25$ divi right so thats what it was in the past and you are extrapilating or does it aply in july 09 as well ?
No...it's 2.15M shares for AHMMQ Preferred Stock
yea its possible its only 50million easy for them to do so hwat is the pay date july 09 ?
$25 in Cash+Unpaid Dividends--->>NOTE 14 – COMMON STOCK AND PREFERRED STOCK
Under the Company’s charter, the Company’s Board of Directors is authorized to issue 110,000,000 shares of stock, of which up to 100,000,000 shares may be Common Stock and up to 10,000,000 shares may be preferred stock. As of March 31, 2007, there were 50,273,878 shares of Common Stock issued and outstanding, 2,150,000 shares of 9.75% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) issued and outstanding and 3,450,000 shares of 9.25% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”) issued and outstanding. On or after July 7, 2009, the Company may, at its option, redeem the Series A Preferred Stock, in whole or part, at any time and from time to time, for cash at a price of $25 per share, plus accumulated or unpaid dividends (whether or not declared), if any, to the date of redemption. On or after December 15, 2009, the Company may, at its option, redeem the Series B Preferred Stock, in whole or part, at any time and from time to time, for cash at a price of $25 per share, plus accumulated or unpaid dividends (whether or not declared), if any, to the date of redemption.
During the three months ended March 31, 2007, the Company declared dividends totaling $56.3 million, or $1.12 per share of Common Stock, which were paid on April 27, 2007. During the three months ended March 31, 2006, the Company declared dividends totaling $45.5 million, or $0.91 per share of Common Stock, which were paid on April 28, 2006.
During the three months ended March 31, 2007, the Company declared dividends totaling $1.3 million, or $0.609375 per share of Series A Preferred Stock, which were paid on April 30, 2007. During the three months ended March 31, 2006, the Company declared dividends totaling $1.3 million, or $0.609375 per share of Series A Preferred Stock, which were paid on May 1, 2006.
During the three months ended March 31, 2007, the Company declared dividends totaling $2.0 million, or $0.578125 per share of Series B Preferred Stock, which were paid on April 30, 2007. During the three months ended March 31, 2006, the Company declared dividends totaling $2.0 million, or $0.578125 per share of Series B Preferred Stock, which were paid on May 1, 2006.
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"The only thing necessary for the triumph of evil is for good [people] to do nothing." --Edmund Burke
and option one in the mix now too so I imagine something will come out but what I dont know its a huge ass company though second to countrywied now huge just give it time Americans like to own thier own homes she will rise garunteed
not sure about post chapter 11
no way $25 july 2009 really another wow
I think it's 25.00 pps at maturity next year july
whats the divi on that have you figured it out?
that was earlier today
thats 10bagger right there hmmmmmmm from.015 to .2 yea i bet with the 2mil total prefered its going to have some crazy action
Ill watch tomarrow .2 thats huge I know the overnight goes way up but durring the day?
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Bankruptcy Auction, largest deals All times, through today All industries / Any status 328 deals found! ($13,949 mill.) 1 2 3 4 5 6 7 8 9 10 Next Seller Target Bidder Announcement date Status Value ($mil) 1 American Home Mortgage Investment Corp. American Home Mortgage Investment Corp. - 5,700 mortgage loans - 08/09/07 Still on the block 1,620.00 2 Southeast Banking Corp. Southeast Banking Corp. - 01/10/08 Still on the block 1,500.00
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