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More Bad News from the Housing Sector

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More Bad News from the Housing Sector

Economy

More Bad News from the Housing Sector

More Bad News from the Housing Sector

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  • <iframe src="https://www.npr.org/player/embed/12389055/12389056" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Mortgage lender American Home Mortgage Investment Corp. says it can no longer fund home loans and may liquidate assets. The lender's survival is in doubt, and its shares plummeted about 90 percent Tuesday.

What are the ramifications on Wall Street?

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