American Business Financial Services Inc.

american business financial services inc. - All News and Analysis

• American Business Financial Services, Inc. Announces $200 Million Mortgage Loan Warehouse Facility

  - 2001-04-02

  Business Editors BALA CYNWYD, Pa.--BUSINESS WIRE--April 2, 2001 Company Also Announces One-Year Extension of $25 Million Line of Credit American Business Financial Services, Inc. (Nasdaq:ABFI) today announced that Bear Stearns & Co., Inc. and MBIA Insurance Corporation have together extended a $200 million mortgage loan warehouse...

  Tags: American Business Financial Services Inc., Bear Stearns & Co. Inc., FINANCE, Mortgages

Additional Resources

• legal notes

  - 2008-09-01

  THE LEGAL SIDE OF ABL The cases we have selected for this issue of The secured Lender address several interesting topics: Lender liability for failing to correct misrepresentations made by a Chapter 11 debtor, lender liability for tortious interference with business relationships, the ability of an oversecured...

• Fitch Affirms $19.3MM and Downgrades $31.5MM from 1 ABFS Subprime Transaction

  - 2008-04-29

  NEW YORK -- Fitch Ratings has taken the following rating actions on one American Business Financial Services ABFS mortgage pass-through certificate transaction. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are removed. Affirmations total $19.3 million and downgrades total $31.5 million. Series 2003-1...

• Fitch Affirms $61.8MM & Downgrades $79.1MM from 2 Bear Stearns Subprime Deals

  - 2008-04-28

  NEW YORK -- Fitch Ratings has taken the following rating actions on the Bear Stearns Asset Backed Securities transactions listed below. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are removed. Affirmations total $61.8 million and downgrades total $79.1 million. Additionally, Fitch placed $13.7 million...

• Fitch Affirms 1 & Downgrades 1 RMBS Class from ABFS 2003-2

  - 2007-12-07

  NEW YORK -- Fitch Ratings has taken the following rating actions on American Business Financial Services ABFS mortgage pass-through certificates: Series 2003-2 --Class A affirmed at 'AAA'; --Class M downgraded from 'AA' to 'A+' and removed from Rating Watch Negative. The affirmation...

• NVLT, OISI, EDRGF, ABFIQ, NOVT, WNBD Have Also Been Removed From Naked Short List Today.

  - 2006-12-15

  M2 PRESSWIRE-15 December 2006-BUYINS.NET: NVLT, OISI, EDRGF, ABFIQ, NOVT, WNBD Have Also Been Removed From Naked Short List TodayC1994-2006 M2 COMMUNICATIONS LTD RDATE:15122006 BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked...

• EKCS, ABFIQ Have Also Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days.

  - 2006-11-29

  M2 PRESSWIRE-29 November 2006-BUYINS.NET: EKCS, ABFIQ Have Also Been On BUYINS.NET Naked Short List For 13 Consecutive Trading DaysC1994-2006 M2 COMMUNICATIONS LTD RDATE:29112006 BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short...

• AANI, ABFIQ, DVLY, EKCS, LKRV, LPTI Have Also Been Added To Naked Short List Today.

  - 2006-11-10

  M2 PRESSWIRE-10 November 2006-BUYINS.NET: AANI, ABFIQ, DVLY, EKCS, LKRV, LPTI Have Also Been Added To Naked Short List TodayC1994-2006 M2 COMMUNICATIONS LTD RDATE:10112006 BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked...

• CUP, HBE, NAVR, ORH, ABFIQ, CYKN Have Been Added To Naked Short List Today.

  - 2006-06-13

  M2 PRESSWIRE-13 June 2006-BUYINS.NET: CUP, HBE, NAVR, ORH, ABFIQ, CYKN Have Been Added To Naked Short List TodayC1994-2006 M2 COMMUNICATIONS LTD RDATE:13062006 BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short...

• Fitch Takes Rating Actions on American Business Financial Services 2003-2

  - 2006-05-24

  NEW YORK -- Fitch Ratings has taken the following rating actions on American Business Financial Services Mortgage Loan Trust series 2003-2: --Class A affirmed at 'AAA'; --Class M rated 'AA', placed on Rating Watch Negative. The mortgage pool consists of fixed-rate and balloon loans...

• Children’s Hospital to lease more space at Wanamaker Building

  - 2006-03-03

  Children's Hospital of Philadelphia has agreed to the lease of an additional 117,500 square feet of office space at the Wanamaker Building, on Juniper Street just east of City Hall. Financial terms of the seven-year lease, announced today, were not disclosed. The lease comes six months after the...

• ABFS trustee seeking return of some payments

  - 2006-03-02

  The bankruptcy trustee liquidating American Business Financial Services Inc. is demanding that some creditors return payments made by the Philadelphia mortgage lender just before it sought protection. But the trustee, Philadelphia accountant George L. Miller, said yesterday that he had not decided whether to extend this demand to...

• Fitch Affirms 2 RMBS from American Business Financial Services Mtge Loan Trust Ser 2003-1

  - 2006-02-08

  NEW YORK -- Fitch Ratings has affirmed the following ratings from American Business Financial Services mortgage loan trust series 2003-1: --Class A at 'AAA'; --Class M at 'AA'. The mortgage pool consists of fixed-rate and balloon loans and is secured by first and second...

• WBMD, WRSP, ABFIQ, CLNB, IMDS, MMIO Have Also Been Removed From Naked Short Lists Today.

  - 2006-02-06

  M2 PRESSWIRE-6 February 2006-BUYINS.NET: WBMD, WRSP, ABFIQ, CLNB, IMDS, MMIO Have Also Been Removed From Naked Short Lists TodayC1994-2006 M2 COMMUNICATIONS LTD RDATE:06022006 BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked...

• CMED, CRF, IFO, ABFIQ, ATAHQ, DNAG have been on BUYINS.NET naked short list for 13 consecutive trading days.

  - 2006-02-03

  M2 PRESSWIRE-3 February 2006-BUYINS.NET: CMED, CRF, IFO, ABFIQ, ATAHQ, DNAG have been on BUYINS.NET naked short list for 13 consecutive trading daysC1994-2006 M2 COMMUNICATIONS LTD RDATE:03022006 BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and...

• IFO, NTG, TMIC, XDSL, XSNX, ABFIQ Have Also Been Added To Naked Short Lists Today.

  - 2006-01-18

  M2 PRESSWIRE-18 January 2006-BUYINS.NET: IFO, NTG, TMIC, XDSL, XSNX, ABFIQ Have Also Been Added To Naked Short Lists TodayC1994-2006 M2 COMMUNICATIONS LTD RDATE:18012006 www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short...

• American Business Financial Services to Wind Down Operations and Liquidate Assets through Chapter 11 Plan

  - 2005-04-04

  PHILADELPHIA -- American Business Financial Services, Inc. ("ABFS" or the "Company") ("ABFIQ") said today that it intends to wind down its operations and dispose of its assets through a Chapter 11 plan of liquidation. The Company closed its office in Texas on Friday, April 1, 2005 and is closing its...

• American Business Financial Services Receives Court Approval to Retain David Coles of Alvarez & Marsal, LLC as Chief Restructuring Officer

  - 2005-03-30

  PHILADELPHIA -- Company Reaches Resolution with United States Trustee Resulting in Withdrawal of Motion to Appoint Chapter 11 Trustee; Company Also Announces Management Changes American Business Financial Services, Inc. ("ABFS" or the "Company") ("ABFIQ") today announced that it has received approval from the U.S. Bankruptcy Court for the...

• American Business Financial Services Letter to Noteholders Regarding Interest Reported on 1099 Forms

  - 2005-03-17

  PHILADELPHIA -- American Business Financial Services, Inc. ("ABFS" or the "Company") ("ABFIQ") posted the attached open letter to all of its subordinated debt investors on the Company web site, www.abfsonline.com. American Business Financial Services, Inc., together with its subsidiaries, is a financial services organization operating mainly in the...

• American Business Financial Services Issues Statement in Response to Motion of U.S. Trustee Seeking Appointment of Chapter 11 Trustee

  - 2005-03-14

  PHILADELPHIA -- American Business Financial Services, Inc. ("ABFS" or the "Company") ("ABFIQ") issued the following statement today in response to the motion filed late on Friday by the Office of the United States Trustee seeking the appointment of a Chapter 11 trustee to oversee the ABFS Chapter 11 case: "We...

• Incorporated: 1985
• Employees: 931