Wall Street Addict

Stock index futures pointed to a weaker start for the market in choppy trading on Monday after heavy losses last week on fear that a credit crunch would slow or stop the pace of takeovers that have boosted stocks.
In the latest sign of problems in the home lending market, American Home Mortgage Investment Corp. (NYSE:AHM - News) said its banks were demanding that it put up more cash after the mortgage lender was forced to write down the value of its mortgage and security portfolios. The shares fell 25 percent before the opening bell.
U.S. equities suffered their worst week in nearly five years last week on concern that tightening lending standards could hurt corporate buy-outs and stock buybacks that have fueled a spring rally in equities.

Labels: AHM, HSBA.L