I am bit suprised that I could not find a featured post about American Home. This is more than just they are not taking applications, they are cutting staff and are about to go under. When a top 10 lender can not sell its loans then it is time for REALTORS to think about where they guide the home buying public.
Will American Home be able to fund their loans in process?
Did the deal you locked have a commitment from American Home, if so is your deal in limbo?
No-Docs/Low-Docs are passing away. Does this impact your business?
Will banks be the only ones with access to funds? Yes banks sell on the secondary market but they have a stronger asset base to keep business moving.
83% of American Home stock was owned by Institutional Investors, is your spouses pension fund taking a hit?
I really think this is just scratching ther surface.