America Home Mortgage Corporation, Inc. history

In 1893, small state banks started to issue bonds as acknowledgments of debts based on the credit and trust of the debtor alone.

Originally established in 1952 as the Baltimore Building and Loan Association, Valley Bank served the suburban Baltimore market through a full service branch office located in Owings Mills, Maryland, in addition to an administrative office in Hunt Valley, Maryland.

In 1968, the Government National Mortgage Association emerged to bring uniformity to the American mortgage market by bringing financial instruments to keep it afloat.

The birth of the Federal Home Loan Mortgage Corporation occurred in 1970 to help promote home ownership.

Marina, involved in the home mortgage business since 1979, was a significant West Coast retail lender that brought with it 13 offices in California and one in Arizona, thus adding significantly to American Home's limited presence in the West.

First Home, founded in 1987, was one of the largest independent mortgage lenders in the metropolitan Chicago area.

By 1994, American Home had four branches and originated $220 million in loans.

Revenues for 1998 totaled more than $20 million, and the company posted a $4.87 million profit.

In conjunction with the initial public offering, American Home Mortgage Holdings, Inc. was formed on June 15, 1999.

2000: The company originates $3 billion in mortgages.

In September 2001, MortgageSelect signed a multi-year agreement with Microsoft to be the exclusive mortgage provider on its HomeAdvisor site.