Industry News

Thornburg Mortgage stops accepting interest-rate locks

Jumbo lender delays payment of dividend to investors
Published on Aug 15, 2007

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by CareyBot

Jumbo lender Thornburg Mortgage Inc. says it won’t make a 68-cents-per-share payment to shareholders today as scheduled because of a “sudden and unprecedented decline” in the market price of its mortgage securities. The decline began on Aug. 9 and prompted ...