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jumbo loanForbes - These new higher loan limits provide breathing room for homeowners who have jumbo mortgage loans and have recently been shut out of the refinancing market. Read more
Refinance.com Announces New Higher Mortgage Loan Limits to $729,750PR Inside - ... 7236 SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced an alliance with Charlotte, N.C.-based Citizens Home Loan (CHL), a national lender that offers a suite of loan products including jumbo ... Read more
SearchMyLoan.com Announces Alliance With Citizens Home LoanMSN MoneyCentral - And exactly as CAPS' glenvar had warned, the two sharpest thorns currently in Thornburg's side are indeed its alt-A and jumbo loan portfolios. Read more
Monday's Biggest Stock StarsLos Angeles Times - Thornburg Mortgage plunged $4.58, or 51%, to $4.32 after the jumbo-loan specialist said it could go out of business because more creditors were demanding repayment or additional collateral. Read more
Stocks end session mixedReuters - NEW YORK, March 5 (Reuters) - Thornburg Mortgage Inc (TMA.N: Quote , Profile , Research ), a struggling "jumbo" mortgage lender ... notification from JPMorgan Chase triggered cross-defaults under all its other reverse repurchase agreements and secured loan ... Read more
Thornburg suffers 'material' defaults, stock sinksCNBC - The Department of Housing and Urban Development released the new loan limits for California — a hotbed during the housing ... The idea is to stoke investor demand for securities made up of more expensive mortgages — so-called jumbo loans — backed ... Read more
HUD raises loan guarantee limits in CaliforniaBloomberg - The fund owned option-ARM bonds among $17 billion of mortgage securities and $6 billion of bets against subprime-loan bonds, according to people who have seen the firm's positions. ``Jumbo'' mortgages exceed the limit for government- chartered ... Read more
Safest Option-ARM Bonds `Great Value' as Funds Sell, UBS SaysReuters - The shares of the "jumbo" mortgage lender plunged $1.42, or 41.8 percent, to $1.98 in after-hours electronic trading. ... notification from JPMorgan Chase triggered cross-defaults under all its other reverse repurchase agreements and secured loan ... Read more
UPDATE 1-Thornburg suffers 'material' defaults, stock sinksEconomic Times - A large number of farmers have already thronged bank branches to get the benefits of either the loan waiver or the OTS offer barely 24 hours after the FM’s sensational jumbo farm loan waiver proposal. Read more
Loan-waived farmers may light up rural economyBaltimore Sun - Jumbo mortgage lender Thornburg Mortgage Inc. said Monday it could go out of business because more financial backers are demanding additional collateral or repayment on the loans they made. Read more
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