


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.
American Home Mortgage News Posts



0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
You must log in to post a comment.