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THURSDAY, NOVEMBER 26, 2009
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PREMIUM NEWS ARCHIVE

Industry Keeps One Eye on American Home.(American Home Mortgage Investment Corp.)

Article from: American Banker Article date: July 31, 2007 Author: Berry, Kate

American Home Mortgage Investment Corp.'s disclosure on Friday showed that for mortgage lenders heavily reliant on the secondary market and on Wall Street financing, the descent from stable to shaky can be an extremely rapid one even if subprime is not part of the equation.

A month ago the prime and alternative-A lender told investors that though it could no longer stand by its earnings guidance for the year, its sizable dividend was secure.

However, that announcement was followed by a wrenching retreat in financial markets ...

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