-
Freddie Mac Press Release
The Federal Home Loan Mortgage Corporation (Freddie Mac) announces that it will no longer buy the most risky subprime mortgages and mortgage-related securities. This is saying that Freddie Mac will no longer take risks on risky mortgage loans. -
SEC files for bankruptcy
http://www.sec.gov/Archives/edgar/data/1287286/000129993307002129/exhibit1.htm
A leading mortgage leader files for bankruptcy. -
U.S. bankruptcy files
http://www.nysb.uscourts.gov/sites/default/files/opinions/158969_24_opinion.pdf Stearns liquidates two hedge funds that invested in various types of mortgage-backed securities. -
SEC filing
http://www.sec.gov/Archives/edgar/data/1256536/000091412107001892/am9746838-99_1.txt
American Home Mortgage Investment Corporation files for Chapter 11 bankruptcy.