Tuesday, July 31, 2007

American Home Mortgage (AHM)

The news from AHM moments ago is not sitting with the markets well. Substantial pullback in only a matter of minutes. The news that a mortgage company may not be able to meet their lending obligations and maybe having to liquidate their assets is reminding everyone again of what got this whole market correct started in the first place. Now they are nervous again. We'll see if it is only a quick panic attack or worse.

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