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American Home Mortgage history
American Home Mortgage company history timeline
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.
In 2000, the company increased revenues by 135 percent to $58.3 million and reported net income in excess of $5.3 million.
American Home continued its buying spree later in 2000 when it purchased four branch mortgage offices from New York-based Roslyn National Mortgage Corporation.
2000: The company originates $3 billion in mortgages.
As of June 20, 2001, the bank held $37 million in deposits and approximately $47 million in assets.
In December 2001, MortgageSelect announced that it had reached a agreement with the popular The Motley Fool financial site to serve as the exclusive mortgage provider to its online Home Center.
The Internet side of American Home produced several positive developments in 2001.
By the end of 2001, MortgageSelect added a number of other financial institutions, including The Bank of Lexington, Community Bank of the Cumberlands, Bank of Frankewing, Security Bank & Trust, Farmers & Merchants Bank-Trezavant, and Farmers & Merchants Bank-Adamsville.
On July 31, 2007, the company announced that it can no longer fund home loans and may liquidate assets, putting its survival in doubt.
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American Home Mortgage competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Ocwen Financial | 1988 | $1.1B | 6,400 | 2 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,003 |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 169 |
| Gain Capital Holdings | 1999 | $742.8M | 801 | - |
| First Mortgage | 1953 | $48.0M | 175 | - |
| American Mortgage | 1975 | $21.0M | 48 | 1 |
| American Equity Mortgage | 1992 | $720,000 | 50 | - |
| Pacific Investment Management Company LLC | 1971 | $787.9M | 2,900 | 132 |
| Allied Home Mortgage | 1991 | $98.0M | 3,000 | - |
| National Mortgage, Inc. | - | $1.4M | 50 | 53 |
American Home Mortgage history FAQs
Zippia gives an in-depth look into the details of American Home Mortgage, including salaries, political affiliations, employee data, and more, in order to inform job seekers about American Home Mortgage. The employee data is based on information from people who have self-reported their past or current employments at American Home Mortgage. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by American Home Mortgage. The data presented on this page does not represent the view of American Home Mortgage and its employees or that of Zippia.
American Home Mortgage may also be known as or be related to American Home Mortgage and American Home Mortgage, Inc.