Alt-A...their turn..

[optimusprime_IHB]

American Home Mortgage (AHM).....the 20th largest Alt-A lender (1st is IndyMac) is basically on life support

Things are starting to get fugly folks.

First the subprime...now the Alt-A....lets get retarded in here!

http://www.bloomberg.com/apps/news?pid=20601087&sid=a3F3Zttj6aT0&refer=home

 

[IrvineCommuter_IHB]

Speaking of Indymac:

http://www.marketwatch.com/news/story/indymac-bancorps-profit-cut-57/story.aspx?guid=%7BE02D501F%2D03E1%2D44F8%2D8912%2DDBBD5DBC14E2%7D&dist=TQP_Mod_mktwN