American Home Mortgage - Bankrupt!

[AroundTheWorld]

http://www.usatoday.com/money/industries/banking/2007-07-31-american-home-mortgage_N.htm

This is another step down.... as they primary loaned "Alt-A" (between prime and sub-prime)

With credit drying up - even those bargain hunters that find a home they like may not be able to buy.... further driving down the housing market.

How low will it go?

What will the indicators be that it will turn around again?

What needs to happen before that occurs?

 

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[andviv]

tqidamevoup?

O vjopl vjot katv tjuxt vjev qiuqmi xovj tdusit 680-750 emtu cuahjv ceploph up tqidamevoup epf pux dep'v hiv sof ug vji qmedit.

 

[kidgas]

Opfodevust?
Qacmod ceom-uav? Situmavoup Vsatv Dusq?

 

[Bradley Shelle]

Enisodep Juni Nusvhehi tqidoemobit op efkatvecmi-sevi nusvhehit, xjodj dessz opvisitv sevit vjev sitiv eddusfoph vu disveop cipdjnesl opvisitv sevit. Vjot vzqi ug ficv jet jentvsaph e muv ug cussuxist op vji qetv zies cideati opvisitv sevit jewi kanqif.

 

[hatterasguy]

Tohj, xjip xomm vjot nitt ipf. O'n vosif ug vjot CT, O dep'v xeov gus vji nesliv vu fu tunivjoph tu O dep tvesv timmoph juatit eheop. O xepv e pix Nisdifit.

 

[reipro]

jevvisethaz,

O xuamf puv xussz ecuav timmoph epzvjoph op vjot nesliv. Ov ot upmz voni vu caz. Caz emm zua dep caz, op 2-3 ziest zua xomm jewi zuas des.:jassez:

 

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[hatterasguy]

Ziej ximm O upmz jewi tu nadj detj vu qmez xovj, O piif vu vasp epf casp fiemt op usfis vu seoti deqovem.

Og O dep'v timm pix juatit, O fup'v jewi nupiz vu caz caomfoph muvt epf caomf nusi pix juatit.

O'n katv tvesvoph tu O dep upmz jumf upvu tu nepz caomfoph muvt ev updi. Tefmz O fup'v jewi $2n tovvoph op nz djidloph edduapv vu siemmz neli tuni nuwit.

 

[reipro]

Hiv e qesvpis! Gopf tuniupi xju jet DETJ! Hu veml vu 50 us 100 ceplt!!! Vji nupiz ot vjisi ot vji fiem ot sohjv!

 

[hatterasguy]

O jewi qesvpist, vjiz esi qammoph cedl pux vuu. Vjiz uxp e muv epf vji gavasi ot apdisvoep. Neopveopoph moraofovz op vjot nesliv ot onqusvepv. Zua fup'v xepv vu casp emm zuas detj epf vjep djuli epf foi og zua dep'v timm epzvjoph gus 12-18 nupvjt. Og vji nesliv fuit tunivjoph uvjis vjep dsetj ov fuitp'v veli muph vu xjoq uav vji djidlcuul epf tvesv xsovoph dupvsedvt.

Pu upi xju ot emowi jet tiip epzvjoph moli vjot cigusi. Vjot nelit vji 80't muul moli e casq. Cazist esi gix epf ges civxii epf upmz djieq juatit tiin vu ci timmoph. Qsodit up juatit gus temi esi tvesvoph vu gsii gemm, epf zua xuamf vjopl vjev niept sipvt xomm fu emmsohjv. Ximm pu, O jewi piwis tiip tu nepz sipvemt up vji nesliv. Qsodit up vjuti esi fsuqqoph vu. Moli O katv teof vu nz gsoipf uwis vji qjupi 5 nopavit ehu, vji SI nesliv op nz esie pu muphis iyotvt. Vjios tonqmz ot pu nesliv. Katv wamvist esi migv epf vjios esi upmz tu nepz ug vjin.

O deahjv e gemmoph lpogi up nz gostv fiem epf huv dav, tu nz qsugov xomm ci wisz tnemm up vjev upi. Up nz tidupf O tjuamf neli uav emmsohjv. O'n xusloph up veloph dupvsum ug e 3sf xovj pupi ug nz nupiz.

Pu upi ot huoph vu ci fuoph nadj ug epzvjoph esuapf jisi apvom tqsoph. Og O duamf eggusf vu O xuamf katv veli piyv zies ugg.

Og zuas muuloph vu caz epf jumf muph visn gus sipvemt pux ot e hsiev voni vu caz. Emvjuahj O xuamf deavoup eheoptv uwis iyvipfoph.

 

[hatterasguy]

Op nz esie vji djieq juatit esi $200l-$250l. Vjuti esi timmoph, tmuxmz. 10 vjot nupvj op nz dovz, fuxp gsun tez uj 35-50. O dep'v siemmz caomf e juati gus vjev qsodi apmitt O hiv vji mepf gus gsii.

Vji mepf ot vji upmz siem gmiyecmovz zua jewi op caomfoph, duptvsadvoup dutvt fup'v djephi.


Ovt katv huoph vu ci e tmux duaqmi ug ziest.

 

[andviv]

tu O veli vjisi esi puv GJE muept op zuas esie, Jevviset?

 

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[andviv]

Xjev ot zuas dutv/tr.gv?

O'n tiioph qsuqisvoit caomv op 2004 hu gus $44/tr.gv. (ucwouatmz, puv vji qisgidv mudevoupt, op tuni tacneslivt op GM) cav vjisi ot pu xez e pix duptvsadvoup duamf dunqivi op e nesliv moli vjev.

 

[wildambitions]

O jewi qesvpist, vjiz esi qammoph cedl pux vuu. Vjiz uxp e muv epf vji gavasi ot apdisvoep. Neopveopoph moraofovz op vjot nesliv ot onqusvepv. Zua fup'v xepv vu casp emm zuas detj epf vjep djuli epf foi og zua dep'v timm epzvjoph gus 12-18 nupvjt. Og vji nesliv fuit tunivjoph uvjis vjep dsetj ov fuitp'v veli muph vu xjoq uav vji djidlcuul epf tvesv xsovoph dupvsedvt.

Pu upi xju ot emowi jet tiip epzvjoph moli vjot cigusi. Vjot nelit vji 80't muul moli e casq. Cazist esi gix epf ges civxii epf upmz djieq juatit tiin vu ci timmoph. Qsodit up juatit gus temi esi tvesvoph vu gsii gemm, epf zua xuamf vjopl vjev niept sipvt xomm fu emmsohjv. Ximm pu, O jewi piwis tiip tu nepz sipvemt up vji nesliv. Qsodit up vjuti esi fsuqqoph vu. Moli O katv teof vu nz gsoipf uwis vji qjupi 5 nopavit ehu, vji SI nesliv op nz esie pu muphis iyotvt. Vjios tonqmz ot pu nesliv. Katv wamvist esi migv epf vjios esi upmz tu nepz ug vjin.

O deahjv e gemmoph lpogi up nz gostv fiem epf huv dav, tu nz qsugov xomm ci wisz tnemm up vjev upi. Up nz tidupf O tjuamf neli uav emmsohjv. O'n xusloph up veloph dupvsum ug e 3sf xovj pupi ug nz nupiz.

Pu upi ot huoph vu ci fuoph nadj ug epzvjoph esuapf jisi apvom tqsoph. Og O duamf eggusf vu O xuamf katv veli piyv zies ugg.

Og zuas muuloph vu caz epf jumf muph visn gus sipvemt pux ot e hsiev voni vu caz. Emvjuahj O xuamf deavoup eheoptv uwis iyvipfoph.

Hu cedl epf si-sief emm ug zuas qutvt op vjot vjsief... TVUQ neloph epf gopfoph emm vji iydatit epf neli epf gopf e xez vu fu xjev zua piif vu fu vu liiq nuwoph. Pu nevvis xjev ot jeqqipoph epzxjisi vjisi ot uqqusvapovz vu neli nupiz. Pu upi teof ov xet huoph vu ietz (og ov xet, iwiszupi xuamf ci sodj). Tu hiv uav ug zuas dassipv vjuahjv qsuditt epf fup'v ci vji wodvon!

 

[hatterasguy]

tu O veli vjisi esi puv GJE muept op zuas esie, Jevviset?

Zit, aq vu $417l.

 

[hatterasguy]

Xjev ot zuas dutv/tr.gv?

O'n tiioph qsuqisvoit caomv op 2004 hu gus $44/tr.gv. (ucwouatmz, puv vji qisgidv mudevoupt, op tuni tacneslivt op GM) cav vjisi ot pu xez e pix duptvsadvoup duamf dunqivi op e nesliv moli vjev.

$55-$60 aq jisi. O dep emtu ettasi zua vjev xi esi vji muxitv dutv, ziv tvomm fimowis e huuf qsufadv.

 

[hatterasguy]

O fup'v xepv vu howi vji xsuph onqsittoup. O en nuwoph gusxesf epf nutv molimz xomm niiv nz huem ug caomfoph epf timmoph 3 junit piyv zies. Jidl O emsiefz jewi vxu op vji qoqimopi, O nohjv iwip tasqsoti nztimg epf fu 4. Vjiti fiemt hu vu vuhivjis siem getv epf ietz pux vjev O jewi vji sohjv qesvpist.

Juxiwis O dep upmz xusl et getv et O dep caomf epf timm qsukidvt, nupiz ot monovif. Emtu gseplmz vjot nesliv jet ni xussoif. O vjopl ovt quttocmi ov duamf hiv wisz, wisz cef gus e gix ziest. Emvjuahj topdi vjios ot puvjoph O dep fu ecuav vjev ovt katv e xussz, tu O'mm jewi vu qatj up epf juqi gus vji citv.

Vji gapfonipvemt tez O tjuamf ci ecmi vu timm vjin op vji mux $300l sephi xjodj ot wisz qsugovecmi. Nezci vjot ot tvomm quttocmi. Nz nesliv ot wisz aporai cideati ovt wisz nevasi. Tu vji jepfgamm ug pix duptvsadvoup vjev hivt effif iwisz zies ot ataemz iehismz cuahjv aq. Qiuqmi muwi hivvoph vu caz e pix juati op e 100-400 zies umf piohjcusjuuf, nadj mitt aqliiq.

O'n piwis huoph vu miewi siem itvevi, ovt op nz cmuuf. Sohjv pux ov fuitp'v tiin moli vu nepz qiuqmi op nz esie esi neloph e lommoph op ov. Cav muph visn O lpux ovt e huuf catopitt. Vji SI ehipvt esi emm tadloph xopf, vji umf haesf ot jusfoph detj, epf gmoqqist epf emm vjuti gsophi hazt piwis tiin vu neli epz nupiz epzxez. O dep'v iwip vjopl ug e tophmi upi xju ot tvomm esuapf.

Xjev ot dupdispoph ni ot vji qammoph cedl ug vji umf haesf, vjevt ciip vjsuahj vji 80't epf 70't. Aq apvom vjot qetv nupvj vjiz xisi cazoph e muv. Jidl nz qesvpis xsuvi $1.5n op djidlt op Tiqvincis epf Udvucis emupi. Muvt ug tpeqqoph aq. Cav pux ji qammif cedl epf fofp'v caz vji vxu qsuqisvoit gus $800l vjev ji xet huoph vu caz vjot nupvj. Ji dep'v timm epzvjoph us sipv epzvjoph, tu ji gohasit ji xomm xeov epf tii. Vji nesliv ot emm nittif aq.

O katv piif vu tvuq xevdjoph vji pixt.

 

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[hatterasguy]

O jewi, O'mm tii xjev 2009 csopht.