american home mortgage: American Home Mortgage facing BK---what does this mean? Get your clients loans locked! - 07/31/07 10:22 PM
The headlines today read "American Home Mortgage facing bankruptcy." http://www.usatoday.com/money/industries/banking/2007-07-31-american-home-mortgage_N.htm?csp=34 What does this mean to you and me? Agents and their lenders? The first wave saw the subprime lenders go out of business. This next wave will be the companies that are heavy in ALT-A lending. "Alt-A" or alternative loans are nontraditional mortgages, like those with … (4 comments)
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The headlines today read "American Home Mortgage facing bankruptcy."
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