Zillow Advice: Mortgage - Effect of the Implosion of Thornburg

If I had the cash - I'd do ...

Fri, 07 Mar 2008 22:56:00 GMT

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

A bunch like the stock I ...

Fri, 07 Mar 2008 18:14:00 GMT

A bunch like the stock I own....

Their stock is taking it ...

Fri, 07 Mar 2008 16:45:00 GMT

Their stock is taking it in the shorts big time.....down 84% from a week ago? WOW

Ask the other 234 other lenders ...

Fri, 07 Mar 2008 03:30:00 GMT

Ask the other 234 other lenders that have gone out of business since 4th qth of 2006

The only thing hurting TM ...

Wed, 05 Mar 2008 19:43:00 GMT

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

I haven't seen a loan that ...

Wed, 05 Mar 2008 17:11:00 GMT

I haven't seen a loan that big in years so I won't miss out...

Actually - Thornburg is leaving ...

Wed, 05 Mar 2008 17:08:00 GMT

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

There shouldn't be too much ...

Tue, 04 Mar 2008 22:30:00 GMT

There shouldn't be too much of a bump. Business will go on.

I just recently heard of ...

Mon, 03 Mar 2008 23:18:00 GMT

I just recently heard of them and they had a great investor program no add on for IO....No suprise they are going under!

Very little to none.

Mon, 03 Mar 2008 20:35:00 GMT

Very little to none.