Relevant:
- American Home Can't Fund Loans, May Liquidate Assets
- ResCap Says It May Not Be Able to Meet Debt Obligations in June
- First Cal Chosen as Pilot for Fannie's Warehouse Lending Initiative
- GMAC Posts $724 Million Loss as Home Loans Sour
- Merrill Lynch Discontinues First Franklin Mortgage Origination; Will Explore Sale of Home Loan Services
2007-07-31 — corporate-ir.net
".., the Company at present is unable to borrow on its credit facilities and was unable to fund its lending obligations yesterday of approximately $300 million. It does not anticipate funding approximately $450 to $500 million today."
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