Tuesday, July 31, 2007

American Home says may liquidate assets

(Reuters) - The large U.S. mortgage provider and real estate investment trust said its lenders cut off access to credit, leaving it without cash on Monday to fund $300 million of loans it had agreed to make.




It also expected to be unable to fund $450 million to $500 million of loans on Tuesday.


Read more at Reuters.com Hot Stocks News

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