


American Home Mortgage files for bankruptcy protection
Company claims it fell victim to “ in the markets that support the mortgage industry
protection today, the latest casualty of a mortgage industry that as plunged
into distress.
protection — filed in bankruptcy court in Wilmington, Del — caps a tumultuous
10 days for what had been the nation’s 10th-biggest home lender.
the markets that support the mortgage industry. A cold housing market and a
spike in payment defaults scared investors away from mortgage debt, including
bonds and other securities baked by home loans.
American Home Mortgage files for bankruptcy protection
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