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Replies (10)
- ELender
- Contributions:1479
Very little to none.
- Andrew Adams, "203K Specialist"
- Contributions:9349
I just recently heard of them and they had a great investor program no add on for IO....No suprise they are going under!
- Dave Mason, "DebtFreeDave"
- Contributions:1315
There shouldn't be too much of a bump. Business will go on.
- DannyInSoCal
- Contributions:445
Actually - Thornburg is leaving a HUGE hole to service clients in the $2,000,000+ bracket.
Only two other investors offer 85% LTV/CLTV NIVA over $2,000,000.........
Thanx, D
- DannyInSoCal
- Contributions:445
The only thing hurting TM are liquidity and the Wall Street vultures licking their chops to buy AAA+ rated paper/bonds at 70cents on the dollar.
TM's defaults are lower than last year (< .50%) - But their stock is getting beaten down - Which causes capital requirements to be met - Which requires the bonds to be sold into a reduced market.........
A bad cycle - At a bad time - For a great company.
Thanx, D
- Tony Grego, "tgrego"
- Contributions:25
Ask the other 234 other lenders that have gone out of business since 4th qth of 2006
- Nic Netherton, "Colorado Lender"
- Contributions:7219
Their stock is taking it in the shorts big time.....down 84% from a week ago? WOW
- ELender
- Contributions:1479
A bunch like the stock I own....
- DannyInSoCal
- Contributions:445
If I had the cash - I'd do what some hedge fund will...
Buy their entire portfolio for 70/75 cents on the dollar - Hold it for 5-7yrs - And sell it for 101/102 when Wall Street is back in the game.
Nice tidy 30 to 38% profit on $4 Billion...........
Thanx, D
Effect of the Implosion of Thornburg
I'd love to hear from the professionals out there what affect (if any?) the implosion of thornburg mortgage is having on financing of prime and the super prime borrowers for the big jumbos
Kind Regards
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