AHM Liquidity

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Real Estate Mortgage Broker with Secure Financial Center

Maybe "old" news for some, new to me after a lovely weekend away, making Tuesday my Monday.  I was catching up on what's shaking in the market and yet another lender with issues.  American Home Mortgage (ABC is a wholesale arm I've used in the past) is having liquidity issues due to margin calls.  I almost went to work for them a couple of years ago.  Yikes.

I just spoke with the local ABC office, and she said they were not funding today; but there are positive rumors out there that something is in the works.  Rumors nonetheless.

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