• Most Popular
  • Most Shared

Shares of mortgage lenders slide

NEW YORK
Mon Jul 30, 2007 9:09am EDT

NEW YORK (Reuters) - Shares of American Home Mortgage Investment Corp. AHM.N extended their slide before the bell on Monday, falling more than 44 percent to $5.85 after the mortgage lender said late on Friday it faces margin calls on its credit facilities.

Hot Stocks

The stock had closed at $10.47 on the New York Stock Exchange.

Other mortgage lenders falling included Countrywide Financial Corp. CFC.N, down 3.4 percent to $28.85 and Novastar Financial Inc. NFI.N, down 8.9 percent to $14.80.
Hot Stocks


More from Reuters

Photo

Employers see uptick in hiring in 2010

NEW YORK (Reuters) - U.S. employers expect to hire more new workers in 2010 than they did in 2009, a sign the U.S. recession may be easing its grip, research showed on Tuesday.

» More Top News
A young Kamchatka brown bear plays in its enclosure at the 'Tierpark Hagenbeck' zoo in Hamburg September 20, 2007. REUTERS/Christian Charisius

The return of the Russian bear

Jason Bush

As Russia's memories of crippling economic times fade, are reforms disappearing along with them?  Commentary 

Breakingviews
Surgeons extract the liver and kidneys of a brain-dead woman for organ transplant donation at the Unfallkrankenhaus Berlin (UKB) hospital in Berlin January 12, 2008. REUTERS/Fabrizio Bensch

Desperate, duped, or both

One of the world's largest organ trade hubs is moving to stop the living from cashing in their body parts.  Full Article 

Health