Another U.S. mortgage company is pursuing strategic options after announcing it does not have the funding to meet current loan obligations.

Melville, New York-based American Home Mortgage Investment Corp. made that claim Tuesday, while also saying the company does not have the ability to fund approximately $450 to $500 million in mortgage loans.
In a press statement, the company said, “Accordingly, American Home is currently experiencing a hindering of access to its traditional credit facilities. Additionally, American Home’s lenders have initiated margin calls in response to the decline in collateral value of certain of the company’s loans and securities held in its portfolio.”
The company is now working with Milestone Advisors and Lazard to pursue strategic options in relation to the company’s liquidity concerns.
Click here= to read American Home Mortgage Investment’s full press release.