Thornburg, Accredited File for Chapter 11

04 May 2009

Thornburg Mortgage and Accredited Home Lenders have both filed for Chapter 11 bankruptcy protection.

Thornburg Mortgage and Accredited Home Lenders have both filed for Chapter 11 bankruptcy protection. Thornburg, which specialized in jumbo mortgages and had expressed its intention last month to file for bankruptcy, said it had $24.4 billion in assets and an almost equal amount in debt. The troubled lender ...

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