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Nine mortgage lenders agree to compact to slow foreclosures (Akron Beacon Journal)  COLUMBUS: Nine mortgage lenders have agreed to a compact proposed by Gov. Ted Strickland that is designed to keep more struggling homeowners in their homes.read more...


Budget may lift interest in reverse mortgage (The Hindu)  The scheme launched in December 2007 has seen poor response so far. It is a huge hit in the US. Kolkata, March 18 Banks are looking at the incentives provided


Confused by all the Mortgage Options? Here's Help (Hope Star)  (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,


Florida Still Waiting for Promised Tax Cut Boom  read more...


Much is new at McCloud Elementary School in 2005-06  McCloud Elementary School will start off the 2005-06 school year with some major staff changes.read more...


Lehman to Merge Two Residential Mortgage Units (New York Times)  The investment bank said BNC Mortgage will be combined with Aurora Loan Services into a single residential mortgage business, cutting 400 jobs.read more...

March 2nd, 2008

New wave of margin calls hits Thornburg Mortgage (Market Watch)

Shares of Thornburg Mortgage Asset Corp. fell more than 50% on Monday, plunging as the lender said that it has not been able to meet a new wave of margin calls worth at least $270 million and that it’s facing a possible liquidity shortage. The beleaguered lender said that because of the cost of meeting recent margin calls, it’s been left with limited available liquidity and hasn’t been able to …

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