Wilbur Ross likes lenders

Wilbur Ross

As The Deal speculated earlier in the week, Wilbur Ross' $50 million debtor in possession loan to bankrupt lender American Home Mortgage Investment Corp. apparently will not be his last investment in the Melville, N.Y., lender, according to a BusinessWeek Q&A with the dealmaker. Ross is known for scooping up distressed assets like steel and textiles and rolling them up. With his investment in AHM, he's expected to do the same with mortgage lenders. —Matthew Wurtzel

See story from BusinessWeek
See DIP financing story from TheDeal.com

Tags: American Home Mortgage , sub prime lending, bankruptcy, private+equity

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