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American Home may liquidate assets, shares plunge (Reuters)

July 31st, 2007 by

A sign points to a home for sale in a new subdivision in Vancouver, Washington, Credit Repairril 25, 2006. American Home Mortgage Investment Corp, a struggling mortgage lender, said on Tuesday it can no longer provide funding for home loans & has hired advisers to explore options, including a possible 'orderly liquidation of its assets.' (Richard Clement/Credit Repair News)Credit Repair News - American Home Mortgage Investment Corp
said on Tuesday it can no longer fund home loans &
may liquidate assets, putting its survival in doubt & sending
its shares plummeting 90 percent.

Posted in Credit Repair |

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