<< Read Full Article

American Home Burns Down

Stock quotes in this article: AHM , LEND , FMT , NFI  

American Home Mortgage(AHM Quote) plunged 84% after hiring investment bankers to consider options that could include "the orderly liquidation of its assets."

The Melville, N.Y., company hired Lazard and Milestone Advisors to oversee the process. The news comes as American Home has been sidelined by margin calls that have left it unable to borrow on its credit lines.

American Home said it couldn't fund lending obligations of $300 million Monday, plus an added $450 to $500 million as of Tuesday. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services