Wednesday, March 19, 2008

Sinking Mortgage Company Gets Lifeline from Lenders

Thornburg Mortgage said that five lenders have agreed to a deal where no further margin calls will be made in return for its compliance with a laundry list of requirements. Thornburg will give the five lenders, Bear Stearns Cos., Citigroup Inc., Credit Suisse Group, Royal Bank of Scotland Group PLC ...

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