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alta: Wow...Decimation Abounds....American Home is the tip of the iceberg - 08/06/07 08:14 PM
Wow....just when you think that it may be safe to go back in the water (never mind...I guess no one really feels that it is safe to go back in the water).  There is a bloodbath out there.  Realtors work with lenders that can vouch for the veracity of what they're … (2 comments)

alta: Death of Countrywide? I hope not..... - 08/05/07 11:00 PM
This week has been brutal to the mortgage industry.  Not only have we seen jumbo rates climb 1.125%, but we've seen the death of American Home Mortgaege.  American Home was a great and veritable competitor.  I've been one who never wishes harm to my competitors.  As long as we're all playing … (15 comments)

alta: Sub Prime & Alt - A Fallout....Worse before it gets better - REALTORS BEWARE!!!! - 08/01/07 09:26 PM
The subprime market continues to fall.  Although there are a ton of mortgage companies that offer sub-prime and Alt-A products...they all pretty much roll up to the same 4-6 wall street firms.  The problem is when Wall Street decides that it won't accept any more of these loans, then the lender … (17 comments)

alta: The Saga Continues - American Home Mortgage is to lay off thousands - 08/01/07 09:02 PM
American Home Mortgage is laying off thousands of employees according to Originator Times.  Originator Times continues....
by saying....With the demise of the mortgage giant American Home Mortgage looming, the company admitted yesterday that is was unable to fund approximately $800 million in loans promised to borrowers Monday and Tuesday.  Loans that were … (4 comments)

alta: American Home Mortgage - Involutary exit of real estate lending?????? - 07/31/07 10:37 PM
MortgageDaily.com says that American Home Mortgage is facing liquidation.  Newsday.com says that AHM admits insolvency. 
Newsday.com says "In a move that sent shockwaves through the financial markets and left investors millions of dollars poorer, Melville-based American Home Mortgage Investment Corp. announced yesterday that it lacked the money to pay its lenders … (12 comments)

 
Mortgage Company: Larry Bettag - Cherry Creek Mortgage
Larry Bettag Illinois FHA Specialist
Saint Charles, IL
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Larry Bettag - Cherry Creek Mortgage

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