American Mortgage Acceptance Company Description
American Mortgage Acceptance Company has been hit hard by the subprime mortgage crisis of 2007. The firm is a real estate investment trust (REIT) that makes multifamily residential mortgages and bridge and mezzanine loans. Centerline/AMAC Manager, an affiliate of Centerline, formerly CharterMac, manages the REIT's operations. Besides mortgages, the company's portfolio includes investments such as collateralized debt obligations and commercial-backed mortgage securities. American Mortgage Acceptance divested its government-insured mortgages, leaving it vulnerable to the subprime mortgage crisis. As a result, the company has halted its investment activities and may have to jettison assets.
View the Comprehensive Company Description for American Mortgage Acceptance
The Company Description provides a historical perspective of American Mortgage Acceptance's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of American Mortgage Acceptance's evolution in the marketplace.
