"Shares of American Home were down 39 percent, falling in premarket trading to $6.39 from Friday's close of $10.47. Trading was halted for news pending prior to the market open. The shares on Friday hit their lowest level since April 2003."

It seems that American Home Mortgage is facing some liquidity problems due to margin calls on some of their credit lines.  Shares fell in premarket trading to the 6 dollar area.  Note that this stock was 19 dollars a share just a few weeks ago and 36 dollars a share a year and a half ago. 

In fact, look at what one analyst had to say about bankruptcy:

"Bankruptcy is not out of the question," said Matt Howlett, an analyst at Fox-Pitt Kelton Inc. in New York. "It needs to find a partner with alternative funding and hope the market turns around. It's going to be tough."

For you real estate agents with a loan with American Home Mortgage going right now I would double check with your LO that this will not affect your transaction.