Any chance this stock could go up? and be worth buying again?
It's a long, long shot...The preferreds are a long shot...Basically, it's a question of how much of AHM's portfolio is still intact, how much it's worth, and how much they owe. The wild cards are the amount's of the repurchase agreements and how much they may fetch from the sale of their servicing unit.
Just got notice in mail from AHMs debtors announcing the auction for loan servicing unit only, to take place on september 10th. Nothing mentioned about loan portfolio.Must be because i got one of them crazy AHM Alt A loans with 700 fico scores and 20% down.