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

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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 ...