Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

PREMIUM NEWS ARCHIVE

1Q Earnings: Secondary Market Less Lonely for Alt-A Lender.(American Home Mortgage Investment Corp.)

Article from: American Banker Article date: May 1, 2007 Author: Launder, William

American Home Mortgage Investment Corp. said that a "severe disruption" in the secondary market's appetite for its loans nearly halved its first-quarter profits, but that it was encouraged by recent signs of stabilization in that market.

Though the Melville, N.Y., alternative-A lender said Monday that it expects to report "depressed" gain-on-sale margins for the rest of the year, Michael Strauss, its chief executive, said there have been improvements in market conditions.

"The newest loan production is drawing more ...

Read full article   (with a Free Trial at HighBeam Research)
Newser gathers stories from across the web and packs what you need to know into about 120 words. Check out these stories related to your search.
Visit our grid for the latest news.

Related Newser Stories

Plan to Freeze Subprime Loans

Treasury and lenders close to deal

Nov 30, 07 3:12 AM CST
(Newser) - The Treasury Department and a coalition of lenders are close to a deal to freeze interest rates on some subprime loans in a bid to bring the mushrooming mortgage crisis under control, reports the Wall Street Journal. A freeze would ease the burden on beleaguered borrowers and banks. Rates on... More »

MORE ABOUT:
subprime mortgages • Henry Paulson • Treasury Department • Hope Now Alliance • Housing and Urban Development • First American Loan Performance. • borrowers

 Goldman Seizes Homes 
 as Securities Sour 




Just getting them to admit they hold your mortgage can be an ordeal

Nov 2, 09 8:21 AM CST
(Newser) - Imagine finding yourself in a foreclosure battle and discovering that your opponent isn't the obscure lender who wrote your insane mortgage, but the formidable Goldman Sachs. It seems that after years of buying subprime mortgages and packaging them into bonds, at a handsome profit, Goldman is now in the business... More »

MORE ABOUT:
housing market • Goldman Sachs • subprime mortgages • Henry Paulson • foreclosure • subprime crisis • mortgage defaults

(Newser) - Anybody seen $700 billion? The government watchdogs charged with overseeing TARP spending don't seem able to answer even basic questions about where the money went, Chris Adams writes at McClatchy. A special inspector general, a congressional panel, and eight other inspectors general are supposed to be keeping track of the... More »

MORE ABOUT:
Henry Paulson • watchdog • Treasury Department • Government Accountability Office • bailout • Troubled Asset Relief Program • Wall Street bailout • Timothy Geithner • TARP • Neil Barofsky

ANALYSIS

 Paulson Still Dogged 
 by Ethics Queries 

Ex-Goldman exec coddled firm as Treasury sec, critics say

Aug 9, 09 11:28 AM CDT
(Newser) - As a former Goldman Sachs exec, Henry Paulson vowed to avoid any potential conflicts of interest when he was appointed President Bush’s Treasury secretary. But seven months after he left office, the nagging questions surrounding Paulson’s tumultuous term in office suggest he may not have succeeded, Gretchen Morgenson... More »

MORE ABOUT:
ethics • Wall Street • Goldman Sachs • Henry Paulson • AIG • Treasury Department • Lloyd Blankfein • bailout • conflict of interest • Wall Street bailout