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Entries Tagged 'American Home Mortgage - Blog Posts' ↓
What Are Bloggers Saying About American Home Mortgage - Live Updates
August 9th, 2007 — American Home Mortgage - Blog Posts
MARKET UPDATE: Another One Bites The Dust
August 7th, 2007 — American Home Mortgage - Blog Posts
MARKET UPDATE: Another One Bites The Dust
…
The nation’s 10th-largest residential funder, American Home Mortgage Investment
Corp., Melville, N.Y., closed its doors on Friday and filed for bankruptcy
protection. Company CEO Michael Strauss sent an e-mail message to employees
Thursday afternoon
http://stefanswanepoel.realblogging.com/default.asp?item=270119
American Home Mortgage Blog Posts
American Home Mortgage Investment announced a delayed payment
August 7th, 2007 — American Home Mortgage - Blog Posts
American Home Mortgage Investment Corp.
By Vanita Trippe
… announced a delayed payment of its quarterly cash dividend on the company’s common stock and anticipated delaying payment of its quarterly cash dividends on its preferred stock in order to preserve liquidity until it obtains a better understanding of the impact that current market conditions in the mortgage industry and the broader credit market will have on the company’s balance sheet and overall liquidity. American Home mortgage said that the unprecedented disruption in the credit markets in the past few weeks caused major write-downs of its loan and security portfolios and consequently has caused significant margin calls with respect to its credit facilities (July 28);
Bizmology - http://www.bizmology.com
American Home Mortgage Blog Posts
American Home Mortgage Goes Bankrupt
August 7th, 2007 — American Home Mortgage - Blog Posts
American Home Mortgage Files for Bankruptcy
American Home Mortgage Corp. filed for bankruptcy protection on Monday, the latest casualty of a mortgage industry that has plunged into distress.
The Melville, New York-based company’s request for Chapter 11 bankruptcy protection — filed in bankruptcy court in Wilmington, Delaware — caps more than a week of turmoil for what was last year the 10th-biggest U.S. home lender.
Ten days ago, American Home Mortgage froze the 70 cent-per-share dividend scheduled to be paid that day.
Groundhogtech - http://www.groundhogtech.com
American Home Mortgage Blog Posts
American Home Mortgage - Jay Hancock’s blog
August 7th, 2007 — American Home Mortgage - Blog Posts
American Home Mortgage crashes
American Home Mortgage, which specialized in "Alt-A" subprime mortgages, sought bankruptcy protection this morning. Here is a story from Bloomberg. The company had issued stock as recently as April, which proves yet again that markets …
Jay Hancock’s blog - http://weblogs.baltimoresun
American Home Mortgage Blog Posts
American Home Mortgage Victim To “the markets that support the mortgage inustry”
August 7th, 2007 — American Home Mortgage - Blog Posts
American Home Mortgage files for bankruptcy protection
Company claims it fell victim to “ in the markets that support the mortgage industry
New York: American Home mortgage investment Corp filed for bankruptcy
protection today, the latest casualty of a mortgage industry that as plunged
into distress.
protection today, the latest casualty of a mortgage industry that as plunged
into distress.
The Melville, New York-based company’s request for Chapter 11 bankruptcy
protection — filed in bankruptcy court in Wilmington, Del — caps a tumultuous
10 days for what had been the nation’s 10th-biggest home lender.
protection — filed in bankruptcy court in Wilmington, Del — caps a tumultuous
10 days for what had been the nation’s 10th-biggest home lender.
American Home Mortgage said it fell victim to “extraordinary disruptions†in
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.
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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Has The Global Credit Crunch Arrived
August 6th, 2007 — American Home Mortgage - Blog Posts
Wow! The Home Mortgage Credit Crunch - Global Credit Crunch arrived
I’ve met Paul Knag a couple of times last year and respect his opinion about Home Loans, mortgage loans, the housing market - a market I occasionally write about even though I don’t own a home (and never have - I’ve rented my entire life).
I have worked onarchitectural house plans sites and from that perspective, learned a lot bout the housing market - because I needed to understand why someone would buy an architectural house plan and hire builders or DIY, or a combination of both.
The Great Sub-Prime Collapse of ‘07′
August 5th, 2007 — American Home Mortgage - Blog Posts
The Great Sub-Prime Collapse of ‘07
To distract myself from my rapidly shrinking net worth, I’ve been reading about the credit markets. For me, running what was (from a certain point of view) a dot com company, the tech bubble in 2001 was easy to understand. But I don’t have much experience with the fixed income market and, outside of a general knowledge that sub-prime ARMs are imploding, I’m not familiar with the details.
The problems have been building up for a while. I thought the 5% downturn two weeks ago was a temporary bump but American Home Mortgage’sThursday announcement caused a new wave of panic, resulting in a new sell-off. Longer-term, there are two main problems that concern me.
What Do We Now Know About American Home Mortgage
August 5th, 2007 — American Home Mortgage - Blog Posts
American Home Mortgage…..what do we do now?
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Real life example #1. One of my pre-foreclosure/short sale Sellers had just agreed, about 10 days ago, to give American Home Mortgage a "Deed in lieu of foreclosure". Well the obvious question is…How is he affected? Can AHM, now that they have filed bankruptcy and are insolvent, still accept his DILOF? I don’t have a clue.
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Real life example #2: Countrywide, as the first lien holder, has just started foreclosure on another of my listings. The 2nd lien holder, again, is AHM. My Seller received foreclosure papers from AHM this week and has 20 days to respond. Well…what does he do now? Does the fall out of AHM buy him more time?
Continue reading → American Home Mortgage Blog Posts Uncategorized
Were American Home Mortgage Underwriters Evasive?
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.”
