Several major lenders have gone bankrupt in 2007. Although most have been sub-prime lenders, other lenders are not immune, as evident by the recent bankruptcy of American Home Mortgage. What happens when your lender goes under? Will you lose your loan? Your house? As Jeremy Herron of the Associated Press explains, your loan would likely end up with another financial institution. Read his article here.
More on American Home Mortgage at MSNBC Real Estate News.
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