American Home Mortgage 's quick rise ...

American Home Mortgage 's quick rise and hard fall -

There are 16 comments on the Newsday story from Aug 11, 2007, titled American Home Mortgage 's quick rise and hard fall -. In it, Newsday reports that:

Parking around American Home Mortgage Investment Corp.'s Melville offices was always a problem: Cars overflowed from the company's parking lots, clogging side streets and blocking entrances to other buildings.

Join the discussion below, or Read more at Newsday.

Read Carefully

Port Washington, NY

#1 Aug 12, 2007
"Greater Fool Theory" collapses under its own weight and excesses.

Who'd a thunk it?.
Pete

Elmont, NY

#2 Aug 12, 2007
The problem with AHM was that it was a company out of control. No internal controls or quality assuarance. Mike Strauss failed as a businessman. Pure stupidity.
Mike

Bronx, NY

#3 Aug 12, 2007
It takes more than "Pure Supidity" to build a company and run it for that many years. To think otherwise is purely stupid.
yep

Brooklyn, NY

#4 Aug 13, 2007
Anyone can do well in a booming economy.
What the

Port Washington, NY

#5 Aug 13, 2007
yep wrote:
Anyone can do well in a booming economy.
Correction: In a booming economy, "Greater Fools" elbow each other out of the way to pay higher and higher prices.

AHM was the middle man, making a vig.

No "Greater Fools", no elbows, no vig, no AHM.

Poof.
Gmek1

West Palm Beach, FL

#6 Aug 13, 2007
The ship has been off course since no one at the Feds are looking. All the greed from Builders and Mortgagors will be paid for by the ordinary JO Blow. We all knew this artificial boom had to end the government is too busy funding the invasion and to hell with the domestic economy..
Mike

Bronx, NY

#7 Aug 13, 2007
Anyone can do well in a booming economy? Give me a break. Anyone can build a 7000 person company. How many people were at your company that you built during the booming economy? Morons.
Read Carefully

Port Washington, NY

#8 Aug 13, 2007
Mike wrote:
Anyone can do well in a booming economy? Give me a break. Anyone can build a 7000 person company.
How many people could that 7000 person firm actually afford to employ?

Real money, not Monopoly Money.

How about full disclosure?
Raquel

Pleasantville, NY

#9 Aug 13, 2007
Mike wrote:
Anyone can do well in a booming economy? Give me a break. Anyone can build a 7000 person company. How many people were at your company that you built during the booming economy? Morons.
I totally agree with you. All these morons out there feel they can criticize - but what did they do? It seems to me that there are a lot of bitter people out there. Lots of jealousy. Pathetic huh?
C at THE G GAME

AOL

#10 Aug 13, 2007
What the wrote:
<quoted text>
Correction: In a booming economy, "Greater Fools" elbow each other out of the way to pay higher and higher prices.
AHM was the middle man, making a vig.
No "Greater Fools", no elbows, no vig, no AHM.
Poof.
You GOT the prize... You only collect the vig when selling others money. What should have beeen a slow growing cap rate went to finance a false growth in an inflated economy...classic.
fwiw

Lumberton, MS

#11 Aug 13, 2007
Tis the American Dream, Part Two.
Sam

Eastchester, NY

#12 Aug 13, 2007
does anyone think AHM will get back on it's feet?
tony

Roslyn, NY

#13 Aug 13, 2007
having lost a great deal of money,through misinformation ,taking back my dividend,and the ceo selling his 3million shares. there is only one place for his future ,next to the ceo's from enron and world com.
Fed give away ur money

Tarrytown, NY

#14 Aug 13, 2007
Imagine you take 1,000,000 to Vegas. Bet it all on red. You win a 1,000,000. You put the mill in your pocket give the other mill to the guy next to you. He beats red and loses. Now he demands the tax payer give him 1,000,000. Everybody wins but the tax payer. I believe that is exactly what happenned with the banks!
ThS

Zephyrhills, FL

#16 Aug 14, 2007
Another scamming hebe this Strauss.
MORTGAGE GUY

Englishtown, NJ

#17 Aug 14, 2007
looks like there gonna make it, says barry manalow
This reaction to AHM and the others is way overblown. They will have to come back on alt a or this foreclosure thing will get a lot worse than 2% nationaly. They made loans with 2 year arms... now they give no option to get out of it ...by 2008 or 09 if they dont fix that problem ..this market today will be a walk in the park. Stop being juvienille and dramatic and get let the 640 -680 credit, stated, 85%/90%ltv wage earner back in the market..at a reasonable rate. this is just silly now. The banks are only hurting themselves by cutting thier nose's to spite thier faces.

You say FHA huh? how does that woprk for the NY, CT, MA, NJ Borrowers that don't fit in that box either which is also like 80% of Mortgage holders...ALT A

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