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Amstar Mortgage

Amstar Mortgage - News

Crednology Holding Corp Announces Further Expansion of the Company's ...
"We believe that with team leaders like Romel Carlton, Bob Klesath, and former Amstar Mortgage CEO Howard Wayland at the wheel, this group is poised to do great things," stated Troy Fields, Sr. Executive VP. "We are very pleased to have them as dealer 

AmStar Mortgage - Market Update 2-2-12.mp4

Market Update for Realtors - Job Market, Consumer Spending & Home Sales Create a Picture of What's to Come

People on the move: March 23

Galusha brings more than 25 years of real estate investment management experience for both institutional and private capital to PeerStreet.

Previous employment includes the Morgan Stanley Real Estate Fund, PCCP, Trammell Crow, Kearny Real Estate and Amstar.


AEI Consultants has expanded its commercial real estate HUD-related service offerings with the addition of Staige Miller as director of environmental services and Jeb Bonnett as director of building assessments.

Miller and Bonnett will also work closely with Glenn Adams , director of energy services, Scott Cameron , director of construction risk management, and Peter Millar , executive vice president, building assessments.

Miller joins AEI after 17 years as director of environmental services with Dominion Due Diligence Group.

Bonnett joins AEI following 12 years as a business project manager at Dominion Due Diligence Group.

Subprime Lender Quality Home Loans Files for Bankruptcy

The company listed between $1,000,001 and $100 million of assets, more than $100 million of liabilities, and between 1,000 and 5,000 creditors.

Subprime lenders make home loans to people with weaker credit histories. Quality Home Loans catered to customers including those with no minimum credit scores, no mortgage or credit histories, no documentation of income or assets, and in or just out of bankruptcy, according to its Web site.

Houston-based Amstar said on Wednesday its decision to quit mortgage lending resulted mainly from market conditions, the cost to operate branches and defend lawsuits, and "seemingly stable lenders unable or unwilling to honor contract commitments."

As part of the shutdown, Amstar said it plans to cease public reporting of its financial statements.

Spokesman Michael Wayland said Amstar made about $1.5 billion of mortgage loans in the year ended Sept. 30, 2006, with about two-thirds eligible for purchase and guarantee by mortgage companies Fannie Mae and Freddie Mac.

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