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Keeping you updatedon the market! For the week of August 27, 2007MARKET COMMENTWhat a difference a week makes. In a mere seven days, capital markets went from desperate to, if not euphoric, then at least hopeful, thanks to a trinity of optimistic news. First, the long-suffering mortgage market wa...
MARKET COMMENTTo say last week was turbulent is to understate the obvious. Neither the debt nor equity markets have witnessed such volatility since September 2001. To wit: the Dow Jones Industrial Average dropped over 700 points early in the week before rallying late in the week to reclaim over h...
Credit Crisis Cripples MarketsSafeguard Your Clients TodayJust last week, American Home Mortgage and its wholesale counterpart, American Brokers Conduit, became the latest casualties of the credit crisis. Last year, this company closed over $58 billion in home loans. Despite being, by all account...