


American Home Mortgage Files for Bankruptcy
American Home Mortgage Corp. filed for bankruptcy protection on Monday, the latest casualty of a mortgage industry that has plunged into distress.
The Melville, New York-based company’s request for Chapter 11 bankruptcy protection — filed in bankruptcy court in Wilmington, Delaware — caps more than a week of turmoil for what was last year the 10th-biggest U.S. home lender.
Ten days ago, American Home Mortgage froze the 70 cent-per-share dividend scheduled to be paid that day.
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