Thornburg Raises Loss Estimate From Mortgage Sales (Update4) (Bloomberg.com)
Story date: 2007-10-09 09:55:20
Added on: 2007-10-09 11:20:59
Oct. 9 (Bloomberg) -- Thornburg Mortgage Inc., the Santa Fe, New Mexico-based lender, boosted its loss estimate to $1.1 billion from selling bonds backed by adjustable-rate home loans as rising defaults eroded demand for the securities.
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