(Reuters) - NEW YORK, June 28 - American Home Mortgage
Investment Corp. on Thursday withdrew its 2007 earnings
forecast, and will likely suffer a surprise second-quarter loss
as it takes "substantial" charges for soured loans.
The Melville, New York-based real estate investment trust,
which makes roughly 2.5 percent of all U.S. home loans, is one
of many lenders to suffer from rising losses as more homeowners
fall behind on payments.
Read more at Reuters.com Bonds News
Investment Corp. on Thursday withdrew its 2007 earnings
forecast, and will likely suffer a surprise second-quarter loss
as it takes "substantial" charges for soured loans.
The Melville, New York-based real estate investment trust,
which makes roughly 2.5 percent of all U.S. home loans, is one
of many lenders to suffer from rising losses as more homeowners
fall behind on payments.
Read more at Reuters.com Bonds News
No comments:
Post a Comment