American Home closed most of its operations on August 3 and fired more than 6,000 workers. The company has said it expects its employee base to be reduced to about 750 workers, down from the 7,409 it reported at the end of last year, as it shuts down or sells its remaining businesses over the next few months.[tags]mortgages,real estate bubble,housing bubble,subprime loans[/tags] San Diego real estate agents
4 thoughts on “U.S. Top 10 Lender, American Home Mortgage Enters Bankruptcy”
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Still, the PC crowd is calling this a ‘real estate slow-down’…can you believe it?
Dallas Texas attorneys
I remember in 2005 that It seems every month the paper reported that real estate sales were down by double digits though the values seem to be holding up. You would think an intelligent person would realize sales cannot drop by such a magnitude without values following.
Randy
San Diego County Attorneys
The ingrain notion that San Diego real estate always appreciates has now vanished, and that’s probably a good thing.
Mary
San Diego California Lasik Surgery
There was so much speculation in the San Diego real estate market, what we’re seeing now seemed inevitable.
Ken
San Diego California Plastic Surgery