Friday, June 15, 2007

American Home Mortgage cuts dividend 38 pct

(Reuters) - In April, the REIT said first-quarter profit fell 44
percent to $30.7 million, or 54 cents per share. It also cut
its 2007 earnings forecast for a second time in three weeks,
projecting profit of $3.25 to $3.75 per share. The REIT makes
more than 2 percent of U.S. home loans.




Read more at Reuters.com Bonds News

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