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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More on this topic
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American Home Mortgage is the First Domino to fall in Non-Sub-prime Market
(Money Morning, 8/5/07)
When Numbers Lie
(Stock Market Prognosticator, 8/3/07)
A History of Analyst Upgrades/Downgrades - Countrywide Financial (CFC), American Home Mortgage (A...
(Self Investors, 8/15/07)
