Comments on: American Home Mortgage Trading Halted on NYSE

By: loan modification addict

loan modification addict — Wed, 28 Jan 2009 21:20:26 +0000

there is such a thing as the home mortgage disclosure act. how does this affect home mortgages?

By: Morgan Brown

Morgan Brown — Mon, 30 Jul 2007 23:37:32 +0000

Russ – Great point. I think that the “investors” like Casey Serin of http://www.iamfacingforeclosure.com still have to shake out of this market. Their investments after attending a “get rich quick” seminar on home flipping are what made up a large portion of the Alt-A market. Their in ability to sell and afford these investments is what will drag down companies like AHM. Thanks for the comment.

By: Good to Go Pile . . . « Trading for the Masses

Good to Go Pile . . . « Trading for the Masses — Mon, 30 Jul 2007 20:33:33 +0000

[...] Is it obvious now? There is no such thing as containment. [...]

By: Russ

Russ — Mon, 30 Jul 2007 19:38:29 +0000

Definitely not contained. However, my theory is that we are going to see a lot more of this with the pass through lenders like AHM who were making a lot of loans to specuvestors. These are amateur investors who can no longer cover negative rents and can’t get their properties flipped. There aren’t too many greater fools left and what we are seeing is the last ones holding the bags are about the drop them.