Industry NewsMortgage

Thornburg Mortgage creditors agree to one-year breather

But super jumbo lender must first raise $1 billion
Published on Mar 19, 2008

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by CareyBot

Thornburg Mortgage Inc.’s five largest creditors have agreed to give the "super jumbo" lender a one-year reprieve from margin calls if it can raise nearly $1 billion in seven business days. Thornburg is offering 12 percent interest to anybody willing ...