Thornburg Buys Times, Ponders Bankruptcy

18 Mar 2009

Thornburg Mortgage has reached an agreement with its counterparties to hold off demands for payment under its various financing agreements until March 31.

Thornburg Mortgage has reached an agreement with its counterparties to hold off demands for payment under its various financing agreements until March 31. The jumbo mortgage lender, which admits to liquidity problems since 2007, says it is evaluating its strategic alternatives, which may include consensual restructuring, reorganization, recapitalization ...

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