(Reuters) - NEW YORK, July 30 - U.S. 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. 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.
Read more at Reuters.com Bonds News
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. 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.
Read more at Reuters.com Bonds News
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