American Home Share Price Still Falling

American Home Mortgage, a real estate investment trust based in Melville, N.Y., saw its stock price continue to fall on Tuesday, sliding another 6%.At deadline time its shares were trading at $20.53, compared with a 52-week high of $36.96. On Friday afternoon the publicly traded mortgage REIT forecast lower earnings for the first quarter and full year, citing rising delinquencies on its alternative-A loans, among other things. "While nonperforming loans increased during the quarter, the company did experience a decline in early-stage delinquencies, with loans in early-stage delinquencies lower at the end of the first quarter than at year-end 2006," AHM said in a statement. On Monday, the lender's shares fell 15% to $21.92. The stock market was closed on Friday.