American Home Recinds Earnings Guidance In Wake Of Loan Losses

RE:American Home Recinds Earnings Guidance In Wake Of Loan Losses

helpinghand — Thu, 02 Aug 2007 11:00:00 GMT

Lower housing prices and then burst the economy with an adjusted housing market. Now what the public needs to do is to stop listening to the gloom and doom as well as realtors and loan officers, and we need to get aggressive and really start marketing and get people buying houses, that is the only way we can change the market and tell the lenders that we will not die.

RE:American Home Recinds Earnings Guidance In Wake Of Loan Losses

Charles — Sat, 28 Jul 2007 11:00:00 GMT

It would be interesting to know what percent of the sub prime mortgages that are in forclosure are non owner occupied. It has been our experience that owner occupied mortgages are much more stable than the non owner occupied. Any one have any hard data on the owner occupied vs non owner occupied?

RE:American Home Recinds Earnings Guidance In Wake Of Loan Losses

Mortgage GURU — Mon, 23 Jul 2007 11:00:00 GMT

ALT A is not just for stated income loans.. this is a misconception. I feel very bad for the people that financed a loan, not knowing the FULL ramifications, and how the loan would look, 2 years from now. The biggest thing i think is not good, is putting someone into a 2 year arm, with a 3 year Pre Payment penalty. This doesnt seem ethical. I have been in the business for years, and never sold someone a loan like that.

RE:American Home Recinds Earnings Guidance In Wake Of Loan Losses

DB — Thu, 19 Jul 2007 11:00:00 GMT

I agree with Ameenah. We who have been in this business for years know these cycles. The last "refi" boom last much longer than anticipated. This is a great industry and AHM is a great Company!

RE:American Home Recinds Earnings Guidance In Wake Of Loan Losses

JB — Wed, 18 Jul 2007 11:00:00 GMT

Everyone seems to want to blame this all on Sub-Prime lenders and seems to forget that lenders sell loans that they know they can resell on Wall Street at premiums, and for a few years Wall Street investors were paying huge premiums for these high interest, high risk loans so lenders were originating them to fill this demand. So now that things have changed and Wall Street no longer wants these loans everyone wants to blame the sub prime buisness. No one forced these people to sign their loans

RE:American Home Recinds Earnings Guidance In Wake Of Loan Losses

Ben Dover — Sat, 14 Jul 2007 11:00:00 GMT

This is what happens when a mortgage company doesnt pull risky programs when some of their smarter, more aware to the market, competitors pull them. The writing was on the wall, ABC just didn't want to read it. The bigger they are, the harder they fall. One less fish in the sea.

RE:American Home Recinds Earnings Guidance In Wake Of Loan Losses

homeloans — Sun, 08 Jul 2007 11:00:00 GMT

Fortunately for AHM I believe they are diverse enough to weather the storm that has spilled over into their core lending area, the segment of the industry that all seems to be worried about the Alt-A and A paper markets. The other companies who portfolios and orignations concentrated on poor quality, high risk, low reward loans are the ones that are continuing to play out before us in the media and will soon be played out in the courtrooms across the country as more people demand answers.

RE:American Home Recinds Earnings Guidance In Wake Of Loan Losses

Ameenah Rashid — Fri, 06 Jul 2007 11:00:00 GMT

AHM is not the only company suffering from what has occured in the market place. As the article states, less than 1% of our portfolio consisted of sub-prime paper. I have been an AHM employee for over 2 years now. The fact that we have reported less earnings for the quarter and forecasting less for 2007 as a whole does not make me nervous. The company is still nationwide and has great financial strength. Market conditions are cyclical. Remember the 90's? We'll be back on top in no time!

RE:American Home Recinds Earnings Guidance In Wake Of Loan Losses

James - RE Agent/Landlord/LO — Thu, 05 Jul 2007 11:00:00 GMT

Wow this is bad, what are all the people that got 2 yr ARMS two years ago going to do when they start adjusting soon?!? Also with all these lenders cracking down on b, c and alt-A borrowers, builders and sellers are going to face more pressure to keep home prices lower or not sell their homes.