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American Home Mortgage Announces Second Quarter Results

MELVILLE, N.Y., July 26 /PRNewswire-FirstCall/ -- American Home Mortgage Investment Corp. AHM announced today results for the quarter ended June 30, 2006.

Michael Strauss, American Home's Chief Executive Officer, commented, "The second quarter of 2006 was highly successful for our company. During the quarter, our portfolio net interest income reached a record $33.9 million, while our production business experienced record originations, record market share, a strong gain on sale margin and improved warehouse income. During the quarter, we continued to execute our strategy of retaining a portion of our loan production for our investment portfolio, by adding $1.2 billion of loans to our portfolio at quarter-end. These loans are carried at cost, and are expected to enhance our future portfolio earnings.

Innkeepers USA Trust Announces Strong Second-Quarter 2006 Earnings

PALM BEACH, Fla., Aug. 8 /PRNewswire-FirstCall/ -- Innkeepers USA Trust KPA, a hotel real estate investment trust (REIT) and a leading owner of upscale properties throughout the United States, today announced results for the three months and six months ended June 30, 2006. * In thousands, except per share and percentage change data

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Banks raise fears of rising tide of bankruptcies

Soaring bad debts and personal insolvencies dented profits at Alliance & Leicester and pushed internet bank Egg into a loss yesterday, adding to fears that thousands of Britons are close to defaulting on mortgages and loans.

Six-month figures from Egg showed a £40m loss after its parent company, Prudential, was forced to increase provisions for bad debts by 42%. A&L suffered a 60% rise in bad debts for the first six months of 2006, up £18m from a year ago to £48m.

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