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American Home Mortgage Falls as Credit Markets Tighten

http://www.lendingclarity.com Posted by mcbrinitzer 522 days ago

Although not quite the canary in this coal mine, yesterday’s announcement of insolvency by American Home Mortgage Corp., one of the country’s largest mortgage banks, sent a chill through the financial markers. The announcement was significant because AHM was not a sub-prime lender and because it indicates that the mortgage industry’s problems have spread into the prime lending and corporate capital markets.

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