Tuesday, July 31, 2007

American Home Mortgage (AHM) - UPDATE

AHM resumes trading. Stock price is down 87%!

American Home Mortgage is the nations 10th largest retail mortgage lender according to the company statement. This was expected to happen to someone at some point. But just the news that one of these lenders may be on the verge of bankruptcy now has waken up the bears again.

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