American Home Mortgage (AHM) news and information updated as it happens.
August 5th, 2007 — American Home Mortgage - Financials, American Home Mortgage - News Posts
Financial Statements for American Home Mortgage Investment Corp …
American Home Mortgage Investment Corp. ( NYSE:AHM ). Income Statement | Balance Sheet | Cash Flow, View: Quarterly Data | Annual Data …
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August 5th, 2007 — American Home Mortgage - News Posts
American Home Mortgage Leads Drop in Russell 2000
By Rob Curran
The Russell 2000 index of small-capitalization stocks suffered the second biggest drop of the year Friday and finished the week at its lowest point of 2007, as Wall Street worried about the credit markets and Main Street fretted about the housing and job markets.
The Russell plunged 28.57 points, or 3.6%, to 755.42, falling below its previous low closing mark of 760 on March 5. Friday marked the Russell’s sharpest one-session decline during 2007 apart from…
August 5th, 2007 — American Home Mortgage - News Posts
NEW YORK (Reuters) — American Home Mortgage Investment Corp. said on Tuesday it can no longer fund home loans and may liquidate assets, putting its survival in doubt and sending its shares plummeting 90 percent.
The large U.S. mortgage provider and real estate investment trust said its lenders cut off access to credit, leaving it without cash on Monday to fund $300 million of loans it had agreed to make.
August 5th, 2007 — American Home Mortgage - News Posts
In a move that sent shockwaves through the financial markets and left investors
millions of dollars poorer, Melville-based American Home Mortgage Investment
Corp. announced yesterday that it lacked the money to pay its lenders or the
credit lines to pay its borrowers.
August 5th, 2007 — American Home Mortgage - Blog Posts
alma@riverside-real-estate.us
Riverside Real Estate Website
“I finally called my buyer the other day to ask him how things were going between his lender and him. He admitted that he wasn’t very pleased with her at the moment. It turns out that the underwriter had gotten her to call him a few days earlier to ask him for copy of his CPA license. Considering that he’s putting down 20%, has a middle FICO score that would make any banker blush with envy, and was supposed to close next Monday, it struck him as absurd that they suddenly wanted this document.”
August 5th, 2007 — American Home Mortgage - News Posts
NEW YORK (Reuters) —
Wells Fargo (WFC), Wachovia (WB) and other lenders are limiting mortgages to some of their more credit worthy borrowers as worries about homeowner defaults widen.
Wells Fargo, the second-largest U.S. mortgage lender, said it is no longer issuing "Alt-A" home loans through brokers, while Wachovia
has stopped entirely. Wachovia also said one lending unit has temporarily halted its Alt-A production.Lenders are making fewer home loans once thought to be safe because investors now perceive those loans to be risky. The changes could worsen the U.S. housing slump by putting homeownership beyond the reach of a larger number of Americans.
August 5th, 2007 — American Home Mortgage - Blog Posts
Written by By: Brian Brady,
WorldWideWealthPlanners.com
Published August 05, 2007
Michael Cook did an excellent job explaining the two noteworthy debacles of last week. American Home Mortgage went belly up and Bear Stearns may be downgraded to a negative rating. Thursday afternoon, Angelo Mozilo of Countrywide Financial, did his best Nero impression by muttering two words to analysts; “Don’t Worry“.
Mr. Mozilo may be parroting Bobby Mc Ferrin but the rest of the lenders aren’t. Non-conforming lenders readjusted to what they now call “risk-adjustment†pricing. Basically, at Wall Street’s direction, the large lenders added about a 1% fee to the stated income and no income documentation loan programs. Loans that conform to FNMA or FHLMC guidelines, with verified income and assets, remain at their original pricing. There still are 100% financing programs available to those with good credit and the ability to make the payments.
August 5th, 2007 — American Home Mortgage - Blog Posts
Written by Realist
Published August 05, 2007
Back in 1987, the movie Wall Street introduced the central meme of the 1980’s and after to the general public: “Greed…. is good.” Christoph Uhlhaas, writing for Scientific American, wondered about that bold and unsubstantiated assertion, claiming that the large number of successful transactions on sites such as eBay refutes the common wisdom regarding “Homo economicus (economic man)” being “a rational, selfish person who single-mindedly strives for maximum profit.”
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August 5th, 2007 — American Home Mortgage - News Posts, American Home Mortgage Videos
American Home Mortgage, the nation’s tenth largest retail mortgage le… American Home Mortgage, the nation’s tenth largest retail mortgage lender, is shutting its doors and cutting most of its 7,500 employees. Financial backers cut off the billions it needs to make loans, leaving mortgage borrowers and employees out in the cold. CBS 2’s Jennifer McLogan reports.
American Home Mortgage News Posts American Home Mortgage Videos
August 5th, 2007 — American Home Mortgage - Blog Posts
Posted Aug 4th 2007 7:10PM by
Peter Cohan
Although short selling — the practice of selling borrowed shares with the hope of repaying the loan by buying back the shares at a lower price — goes against the American belief that stocks always go up, I have long been fascinated with it. Short Stories discusses what works, what doesn’t, and what some of the leading lights in shorting stocks think about its opportunities and threats. I describe possible short trades and seek your comments and questions for story ideas. I don’t offer any investment advice and I don’t trade on any of the posts I write.
Consumer Mortgage Reports - Main
