Margin calls threaten Thornburg, Carlyle Capital 

Margin calls from creditors are once again threatening the existence of alt-A lender Thornburg Mortgage Inc., and a highly leveraged private equity fund, Carlyle Capital, is in similar straights as it faces margin calls from creditors worried about the declining value of the fund’s investments in highly-rated mortgage backed securities backed by Fannie Mae and Freddie Mac.

The problems at Thornburg and Carlyle are the latest examples of how fears about declining home prices and rising delinquencies and foreclosures are affecting credit markets.

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