Thornburg Sells Securities to Revive Home Lending (Update4) (Bloomberg.com)

Story date: 2007-08-20 09:14:57
Added on: 2007-08-20 23:35:02

Aug. 20 (Bloomberg) -- Thornburg Mortgage Inc., the jumbo- mortgage specialist that stopped taking loan applications last week because of a cash crunch, sold $20.5 billion of securities at a discount to pay down debt it couldn't refinance.


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