What's ahead for American Home Mortga...

What's ahead for American Home Mortgage -

There are 2 comments on the Newsday story from Aug 3, 2007, titled What's ahead for American Home Mortgage -. In it, Newsday reports that:

Following American Home Mortgage Investment Corp.'s announcement Tuesday that its credit lines have been cut off and it is not making the loans it has approved, experts and analysts have mentioned a variety of ...

Join the discussion below, or Read more at Newsday.

Gronker

Edison, NJ

#1 Aug 3, 2007
I guess the light at the end of their tunnel was.....a train.
MM Rocky Point

Bronx, NY

#2 Aug 6, 2007
What happened to the PMI that most buyers with less than 20% down payment are required to buy ? Why does no one mention this insurance when they discuss losses in the mortgage industry. Where did the premiums go, who is underwriting this insurance and why are they not covering the losses ? Cannot help but note that the Mortgage Insurance Company of America spent over $5 million in fees to Washington lobbyists in 2006.

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