| Business Summary | | American
Home
Mortgage
Holdings,
Inc.,
together
with
its
subsidiaries,
American
Home
Mortgage
Corp.
and
Marina
Mortgage
Company,
Inc.,
is
an
independent
retail
mortgage
banking
company
primarily
engaged
in
the
business
of
originating
and
selling
residential
mortgage
loans.
The
Company
offers
a
broad
array
of
residential
mortgage
products
targeted
primarily
to
high-credit-quality
borrowers
over
the
Internet,
as
well
as
through
its
approximately
475
primarily
commission-compensated
loan
originators.
The
Company
operates
from
53
loan
offices
in
the
New
York
metropolitan
area
and
six
other
eastern
states,
and
in
California,
Illinois,
New
Mexico
and
Arizona.
The
Company
operates
primarily
as
a
mortgage
banker,
underwriting,
funding
and
selling
its
loan
products
to
more
than
45
different
buyers.
In
January
of
1999,
the
Company
began
marketing
its
mortgage
products
over
the
Internet
through
its
Internet
site,
MortgageSelect.com. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AHMH
is
an
independent
retail
mortgage
banking
company
that
sells
loans
and
related
servicing
rights
to
institutional
buyers.
AHMH
also
operates
an
Internet
mortgage
web
site
at
MortgageSelect.com.
For
the
six
months
ended
6/30/01,
revenues
rose
from
$20.9
million
to
$54.4
million.
Net
income
before
acct.
changes
rose
from
$2.1
million
to
$8.1
million.
Results
reflect
higher
gains
on
sales
of
mortgage
loans
and
lower
operating
expenses
as
a
percentage
of
total
revenues. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Strauss, 42 Chairman,
Pres and CEO | $355K | Robert Burke, 34 CFO | 202K | John Johnston, 47 CEO
of Marina Mortgage, Director | -- | Ronald Bergum, 38 Pres
of Marina | -- | Leonard Schoen, Jr, 36 Exec.
VP, Director | 282K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|