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Lenders' Bankruptcy Filings

POC Deadline Matrix (various lender bankruptcy cases) - updated 12/11/2007

Note: FTC publication advises consumers what to do if mortage lender closes or files for bankruptcy (12/19/07)

Bankruptcy Case - Aegis Mortgage Corporation and several affiliates (U.S. Bankruptcy Court, District of Delaware, Case #07-11119-BLS) Ch. 11 filed August 13, 2007.

Bankruptcy Case - American Home Mortgage Corp. (U.S. Bankruptcy Court, District of Delaware, Case #07-11051)
Ch. 11 filed August 6, 2007. Proof of Claim bar date was 1/11/08 at 4 p.m. Eastern time. Related cases include: American Home Holdings, Case #07-11047; American Home Mortgage Investment Corp. Case #07-11048; American Home Mortgage Acceptance Corp., Case #07-11049; American Home Mortgage Servicing, Inc., Case #07-11050; American Home Mortgage Ventures, LLC, Case #07-11052.

Order Terminating the Automatic Stay under Section 362(a) of the Bankruptcy Code to Permit the Commencement or Continuation of Acts to Exercise Rights and Remedies Upon Interests in Real Property (Bankr. Del. 10/27/08).

Copies of the Plan and the Disclosure Statement may be obtained on Epiq Bankruptcy Solutions, LLC's dedicated webpage (http://chapter11.epiqsystems.com -- click on American Home Mortgage). Also those documents may be viewed at the bankruptcy court's website (http://www.deb.uscourts.gov) by following the directions for accessing the ECF system on that website.

According to Dow Jones Newswires (1/5/08): On Jan. 4, 2008, Judge Christopher S. Sontchi of the U. S. Bankruptcy Court in Wilmington, Del., ruled that American Home was not obligated to transfer the servicing rights [affecting $1.2 million in mortgages owned by some of Wall Street's biggest banks] to the banks. Ordering that transfer, he said, would have delivered an undeserved “windfall” to the banks. According to Bloomberg.com (10/5/07): In September, U.S. Bankruptcy Judge Christopher Sontchi in Wilmington, Delaware, approved a request by American Home to auction its servicing unit, which collects payments and maintains escrow accounts for about $45.3 billion in home loans, naming Wilbur L. Ross's AH Mortgage Acquisition Co. as the first bidder. Under the terms of his bid, Ross will pay a final price tied to the number of loans still being serviced by the unit after the sale wins final approval from Sontchi. The contract requires Melville, New York-based American Home to deliver at least $38 billion worth of loans to a company Ross set up to buy the serving rights. The price could rise to as high as $500 million.

Petition, Consolidated List of Creditors Holding 40 Largest Unsecured Claims, Resolutions of Board of Directors

Bankruptcy Case - Copperfield Investments, Inc. (U.S. Bankruptcy Court, Eastern District of New York, Case #07-71327) Ch. 11 filed April 17, 2007

Bankruptcy Case - Delta Financial Corporation (U.S. Bankruptcy Court, District of Delaware, Case #07-11880-CSS) Ch. 11 filed December 17, 2007 [Debtor's counsel: David B. Stratton, Pepper Hamilton LLP, Hercules Plaza, Suite 5100, 1313 Market Street, Wilmington, DE 19899-1709. Tel: 302-777-6500; FAX: 302-421-8390 Email: strattond@pepperlaw.com]

Bankruptcy Case - Fieldstone Mortgage Co. (U.S. Bankruptcy Court, District of Maryland, Case #07-21814) Ch. 11 filed November 23, 2007

Bankruptcy Case - First Magnus Financial Corporation (U.S. Bankruptcy Court, District of Arizona, Case # 07-01578-JMM) Ch. 11 filed August 21, 2007

Bankruptcy Case - First NLC Financial Services, LLC (U.S. Bankruptcy Court, Southern District of Florida, Case # 08-10632-PGH) Ch. 11 filed January 18, 2008

Bankruptcy Case - Fremont General Corporation (U.S. Bankruptcy Court, Central District of California, Santa Ana, Case # 08-13421-EAS) Ch. 11 filed June 18, 2008. Case management site: http://www.kccllc.net/fremontgeneral

Bankruptcy Case - HomeBanc (U.S. Bankruptcy Court, District of Delaware, Case #07-11079) Ch. 11 filed August 9, 2007

Bankruptcy Case - MILA Inc. (U.S. Bankruptcy Court, Western District of Washington, Case # 07-13059) Ch. 11 filed July 2, 2007

Bankruptcy Case - Mortgage Lenders Network USA, Inc. (U.S. Bankruptcy Court, District of Delaware, Case #07-10146-PJW) Ch. 11 filed February 5, 2007. Proof of Claim Bar Date was 2/1/08. For questions concerning the procedures for filing a POC, call The Trumbull Group at 860.687.3945 or visit www.trumbullgroup.com. Disclosure Statement hearing was April 23, 2008, in respect of the proposed Ch. 11 Plan of Liquidation.

Docket Report - received 2/6/07

Petition and filing documents

Motion for an Order ... to Retain, Employ & Compensate Certain Professionals ... in the Ordinary Course of Business" - Hearing was 2/28/07.

Exhibit A - List of "Professionals Utilized in the Ordinary Course of Business"

Exhibit B - Form of Affidavit of Disinterestedness

Proposed Order re Professionals

Bankruptcy Case - New Century Mortgage Corporation (U.S. Bankruptcy Court, District of Delaware, Case # 07-10419-KJC)
Ch. 11 filed April 2, 2007. The Bar Date for filing proofs of claim was August 31, 2007 at 5 pm, prevailing Pacific Time.

Order Providing that the Automatic Stay Under Section 362(a) of the Bankruptcy Code is Terminated to Permit the Commencement or Continuation of any Action to Foreclose Upon or Extinguish an Interest Listed in the Name of a Debtor (7/14/08)

Disclosure Statement approved pursuant to a March 18, 2008, order. Second Amended Joint Ch. 11 Plan of Liquidation of the Debtors and the Official Committee of Unsecured Creditors Dated as of April 23, 2008 was confirmed.

Docket Report - received 4/2/07

Order Establishing Procedure for Relief from the Automatic Stay for Certain Foreclosure Proceedings Pursuant to 11 U.S.C. Sections 105(a) and 362 of the Bankruptcy Code (6/7/07)

Notice of Change of Address of Debtors - dated 8/17/07. Effective immediately, the debtors' address is 3121 Michelson Drive, Suite 600, Irvine, CA 92612.

Bankruptcy Case - Oak Street Mortgage (U.S. Bankruptcy Court, Southern District of Indiana, Case # 07-05279-JKC-11) Ch. 11 filed June 8, 2007

Bankruptcy Case - Ownit (U.S. Bankruptcy Court, District of California, Case # 06-12579) Ch. 11 filed December 28, 2006

Bankruptcy Cases - People's Choice Financial Corporation (U.S. Bankruptcy Court, Central District of California, Santa Ana division, Case #10772-RK); People's Choice Funding, Inc. (U.S. Bankruptcy Court, Central District of California, Santa Ana division, Case #10767-RK); and People's Choice Home Loan, Inc. (U.S. Bankruptcy Court, Central District of California, Santa Ana division, Case # 10765-RK)
Ch. 11 petitions filed March 20, 2007. NOTE: An informational page for general unsecured creditors has been established by the Official Committee of Unsecured Creditors (www.xroadscms.net/pchlcommittee) for certain non-confidential and non-privileged information pertaining to the bankruptcy cases. In addition, unsecured creditors may direct inquires regarding the bankruptcy cases to pchlcommittee@winston.com.

Disclosure Statement for Committee's Liquidating Plan under Chapter 11 of the Bankruptcy Code dated May 28, 2008 of the Official Committee of Unsecured Creditors has been approved by the bankruptcy court. The Disclosure Statement, along with the Committee's Liquidating Plan under Ch. 11 of the Bankruptcy Code dated May 28, 2008, is posted on the website of the Debtors' claims at www.xroadscms.net/peopleschoice.

Order Confirming Committee's First Amended Liquidating Plan Under Ch. 11 of the Bankruptcy Code dated May 28, 2008 was filed and entered on August 6, 2008.

Docket Report - People's Choice Financial Corporation (received 3/22/07) The Bar Date for filing proofs of claim was August 31, 2007.

Bankruptcy Case - ResMAE Mortgage Corporation (U.S. Bankruptcy Court, District of Delaware, Case #07-10177-KJC)
Ch. 11 filed February 12, 2007. Ch. 11 Plan was confirmed in June 2007. To request copies contact: ResMAE Mortgage Corporation, c/o Kurtzman Carson Consultants LLC, 2335 Alaska Avenue, El Segundo, CA 90245 (p: 1-866-381-9100; e: info@kccllc.com). The Bar Date for filing proofs of claim was April 30, 2007 at 5 p.m. (pacific time). The confirmed Ch. 11 Plan provides for ResMAE to become a wholly-owned unit of RMC Mortgage Holdings, a subsidiary of Citadel Investment Group LLC.

Docket Report - received 2/14/07

Bankruptcy Case - Southstar Funding (U.S. Bankruptcy Court, N.D. Georgia, Case #07-65842) Ch. 7 filed April 11, 2007

Bankruptcy Case - CONSECO, Inc. (Case # 02 B 49672)
View the Updated Docket Listing for this case. Full Case Documentation may be obtained at the U.S. Bankruptcy Court for the Northern District of Illinois (PACER registration required). Conseco Lift Stay Procedures by Hilary Bonial (Brice, Vander Linden & Wernick - TX) USFN BK Committee Member: Provides a summary of the Order entered by the BK court on January 29, 2003, containing lift stay procedures that permit foreclosures and other actions against property to proceed where Conseco holds a junior lien.