Industry NewsMortgage

Thornburg swings $1 billion deal to stave off margin calls

'Super jumbo' lender had predicted record year in 2008
Published on Mar 4, 2008

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Jumbo lender Thornburg Mortgage said Monday it put up nearly $1 billion in loans as collateral in a deal that allows the company to meet margin calls it’s faced during the breakdown in the secondary market for mortgage-backed securities. Thornburg ...

Comments