


US housing crisis deepens as American Home Mortgage and other lenders face defaults
By Ambrose Evans-Pritchard
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 News Posts



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