Skip to: Content
Skip to: Site Navigation
Skip to: Search
WEDNESDAY, NOVEMBER 25, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

PREMIUM NEWS ARCHIVE

American Home's Earnings Drop as Gains on Loan Sales Weaken.(Financial report)

Article from: National Mortgage News Article date: May 7, 2007

MELVILLE, NY -- First-quarter net earnings at American Home Mortgage Investment Corp. here were down 44%, as secondary marketing issues and delinquencies affected the real estate investment trust. There was also a loss in the value of its portfolio of mortgage-backed securities and hedges.

Still, as Friedman Billings Ramsey analyst Paul Miller noted, American Home's earnings per share of $0.54, came in above his projections of $0.49 per share and the industry consensus of $0.46.

American Home had profits of ...

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

Home Sales, Prices Sink Again

Would-be buyers get comfy, waiting for better deals

Feb 25, 08 10:05 AM CST
(Newser) - Existing-home sales and home prices continued to fall in January, indicating that would-be buyers are waiting for the market to bottom out, the Wall Street Journal reports. "Inventories are high, so it's not surprising prices are declining," said one economist, who described home sales as "soft but... More »

MORE ABOUT:
home loans • home prices • existing home sales

MARKETS

 Up 133, Dow Hits New '09 High

Data on home resales spur rally

Nov 23, 09 3:18 PM CST
(Newser) - Stocks rallied today on news that home resales jumped 10.1% in October and comments from the president of the St. Louis Fed reaffirming the government's extended commitment to support the credit markets, the Wall Street Journal reports.
  • The Dow jumped 132.79 points to close at 10,450.
... More »

MORE ABOUT:
Federal Reserve • Dow Jones • home sales • Nasdaq • existing home sales • S&P 500 • existing-home sales

 Home Prices Climb in August 

Nearly every major city gets a boost

Oct 27, 09 9:03 AM CDT
(AP) - US home prices rose for the third straight month in August, data released today showed, a key sign for a broad and sustained housing recovery. The S&P/Case-Shiller home price index of 20 major cities climbed 1% from July to a seasonally adjusted reading of 144.5. While prices are... More »

MORE ABOUT:
real estate • housing market • home prices • Case Shiller price index

 Home Prices Rise for 3rd Month 

Case-Shiller index shows modest 1.6% increase in June

Sep 29, 09 8:48 AM CDT
(Newser) - In another sign the housing market is stabilizing, home prices climbed 1.6% in July, the third consecutive month they have risen, according to the S&P Case-Shiller home-price index of 20 major cities. Though they're down 13.3% compared with this time last year, the year-over-year declines still beat... More »

MORE ABOUT:
housing market • home prices • Case Shiller price index