| Business Summary | | American
Insured
Mortgage
Investors
(the
Partnership)
is
a
liquidating
partnership
that
is
continuing
to
liquidate
its
mortgage
investments.
Prior
to
the
expiration
of
its
reinvestment
period
in
November
1988,
the
Partnership
was
engaged
in
the
business
of
originating
mortgage
loans
(Originated
Insured
Mortgages)
and
acquiring
mortgage
loans.
In
accordance
with
the
terms
of
the
partnership
agreement,
the
Partnership
is
no
longer
authorized
to
originate
or
acquire
mortgage
loans
and,
consequently,
its
primary
objective
is
to
manage
its
portfolio
of
mortgage
investments,
all
of
which
are
insured.
The
partnership
agreement
states
that
the
Partnership
will
terminate
on
December
31,
2008,
unless
previously
terminated
under
the
provisions
of
the
partnership
agreement. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | American
Insured
Mortgage
Investors,
a
limited
partner
to
CRIIMI,
Inc.,
is
engaged
in
the
management
of
government
insured
multi-family
mortgages.
For
the
six
months
ended
6/30/01,
total
revenues
fell
2%
to
$1.1
million.
Net
income
applicable
to
Limited
Partners
fell
1%
to
$869
thousand.
Revenues
reflect
a
reduction
in
mortgage
base
due
to
one
mortgage
disposition.
Earnings
were
partially
offset
by
an
increase
in
interest
earned
on
debentures
due
from
affiliates. | More
from
Market Guide: Significant
Developments |
| | |
| Position | William Dockser, 63 | Chairman | H. William Willoughby, 53 | Pres,
Sec., Director | Cynthia Azzara, 40 | CFO,
Sr. VP and Treasurer | David Iannarone, 39 | Sr.
VP and Gen. Counsel | Brian Hanson, 38 | Sr.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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