American Mortgage Acceptance Company · New York, NY United States ·(NYSE Alternext: AMC)
Company Description
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This link will open in a new window 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. To read the full description, subscribe now.
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Key American Mortgage Acceptance Company Financials
| Company Type | Public - NYSE Alternext: AMC Single Location |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $60.1 |
American Mortgage Acceptance Company Executives
5 executives listed for American Mortgage Acceptance Company's New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Marc Schnitzer | Network |
| CFO | Robert Levy | Network |
| SVP | Patti Saylor | Network |
Competition
Competitive Landscape for American Mortgage Acceptance Company
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top American Mortgage Acceptance Company Competitors
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