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Entries Tagged 'American Home Mortgage - News Posts' ↓
American Home Mortgage Live Print News As It Happens
August 9th, 2007 — American Home Mortgage - News Posts
American Home Mortgage Unravels
August 7th, 2007 — American Home Mortgage - News Posts
American Home Foundations Is Undone
Joshua Lipton, 08.06.07, 6:20 PM ET
There has been widespread jitters among investors about the cracks in the credit market. On Monday, all those traders were given a new reason to worry.
American Home Mortgage filed for bankruptcy protection, ending a week of headline-grabbing bad news from what was, just last year, the 10th-largest home lender in the U.S.
Fannie and Freddie Picking Up The Slack
August 7th, 2007 — American Home Mortgage - News Posts
Freddie, Fannie shares surge
The firms’ shares climb on the belief that they might be allowed to hold more home loans.
Shares of Fannie Mae and Freddie Mac, the two largest U.S. home-loan companies, rose on speculation that the companies’ regulator may lift a cap on the amount of home loan assets they can own, helping to ease a funding crunch in the mortgage market.
Fannie Mae shares jumped $5.87, or 10%, to $62.50. Freddie Mac rose $4.30, or 7.7%, to $60.
Falling home prices and a surge in payment defaults have scared investors away from mortgage debt, including bonds and other securities backed by home loans
Mortgage Problems Hitting Houston
August 7th, 2007 — American Home Mortgage - News Posts
Mortgage problems hit Houston market
Houston Chronicle
One of the nation’s largest mortgage lenders, Houston-based Aegis Mortgage Corp., stopped taking new loans Monday, amid a day of news that signaled tougher days ahead for lenders and homebuyers.
"It’s a bloodbath out there," said Mark Cady, senior vice president of Market Street Mortgage in Houston.
The announcement came on the same day New York-based American Home Mortgage Investment Corp. filed for bankruptcy protection and Cleveland-based National City Corp. also stopped taking applications for new loans in its wholesale division.
US Housing Crisis Deepens As American Home Mortgage Face Defaults
August 7th, 2007 — American Home Mortgage - News Posts
US housing crisis deepens as American Home Mortgage and other lenders face defaults
By Ambrose Evans-Pritchard
Last Updated: 1:46am BST 07/08/2007
American Home Mortgage has filed for bankruptcy in the latest sign the US housing crisis is spreading from sub-prime mortgages to the higher grades of credit risk.
The collapse of America’s 10th biggest home lender came amid fresh gyrations on global bond and stock markets yesterday, and growing questions over the exposure of European banks and insurers to the US property slump.
American Home Mortgage’s Bankruptcy
August 6th, 2007 — American Home Mortgage - News Posts, American Home Mortgage Videos, Chapter 11 Bankruptcy
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Bloomberg-Clip - (BLOOM-Clip)
Aug. 06, 2007. 08:00 AM EST
American Home Mortgage Files For Bankruptcy; Berkshire Doubled Investment in Mortgage-Backed Securities; Berkshire’s Cash Increases by $1 Billion to $47 Billion in 2Q; profit Jumps 33% on Insurance and Investment
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American Home Mortgage News Posts American Home Mortgage Videos Chapter 11 Bankruptcy
American Home Mortgage Files for Bankruptcy - Video
August 6th, 2007 — American Home Mortgage - News Posts, American Home Mortgage Videos, Chapter 11 Bankruptcy
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Bloomberg-Clip - (BLOOM-Clip)
Aug. 06, 2007. 09:00 AM EST
Prices Fell in Secondary Market Where Traders Trade Mortgages, Since Bond Investors Didn’t Want Anything to Do With American Mortgage; Plan for Reorganizing Would Be Too Complicated at This Point for American Home
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American Home Mortgage News Posts American Home Mortgage Videos Chapter 11 Bankruptcy
American Home Mortgage Investment Corp. Files for Chapter 11 Bankruptcy
August 6th, 2007 — American Home Mortgage - News Posts, Chapter 11 Bankruptcy
Receives $50 Million Debtor-in-Possession Financing to Facilitate
the Chapter 11 Process
Engages Kroll Zolfo Cooper, Highly Experienced Management
Professionals In Bankruptcy Situations
MELVILLE, N.Y.–(BUSINESS WIRE)–Aug. 6, 2007–American Home Mortgage Investment Corp. (NYSE: AHM) today reported that its Board of Directors, after carefully assessing the sudden adverse impact on the Company’s liquidity and business from the extraordinary disruptions now occurring in the secondary mortgage and real estate markets, has authorized management to seek protection for the Company through the bankruptcy process in order to best preserve the value of the Company’s assets. Accordingly, American Home Mortgage Investment Corp., together with certain of its subsidiaries, has today filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Under the protection of Chapter 11, American Home will have the time and opportunity to achieve the best possible value for the creditors of its mortgage based assets and related operations, as well as an orderly wind down of the Company.
American Home ceased taking mortgage applications on August 1, 2007 and separated all production employees on August 3, 2007. The Company is currently maintaining its thrift and servicing businesses.
Continue reading → American Home Mortgage News Posts Chapter 11 Bankruptcy
Financial Statements for American Home Mortgage Investment
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 …
Continue reading → American Home Mortgage Financials American Home Mortgage News Posts
American Home Mortgage Spear Heads Drop in Russell 2000
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…
