The State of New Jersey
NJ Department of Banking and Insurance
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Consumer Alert: American Home Mortgage Corp. of New York
On August 2, 2007, the New Jersey Department of Banking and Insurance issued legal documents ordering American Home Mortgage Corporation of New York and American Home Mortgage Acceptance, Inc. to stop doing business in the state and took the initial step toward revoking the companies' mortgage lender licenses. Both companies list their headquarters as Melville, N.Y., with a principal New Jersey office in Iselin. Earlier this week, the companies shuttered offices in New Jersey and nationwide after losing their funding sources.

Consumers who have recently closed loans are advised to confirm with their settlement agent (lawyer or title company) that their monies have been received.
Contact American Home Mortgage
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Consumers who have submitted an application or have an application pending are advised to contact their mortgage broker and ask them to find a new lender.

Individuals with questions regarding a loan pending with American Home Mortgage or American Home Mortgage Acceptance can call the DOBI Consumer Hotline at 609-292-7272.

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New Jersey Department of Banking and Insurance