Thornburg Mortgage Inc., the “jumbo” home lender racked by the collapse of U.S. mortgage markets, said it plans to file for bankruptcy protection and shut down.

Remaining assets will be sold or liquidated to pay bondholders and creditors, according to a statement today from the Santa Fe, New Mexico-based company.
Continue reading Thornburg Mortgage – Bankrupt!

Citigroup has disclosed where $45 billion that the Treasury department paid for it is to be used. Continue reading Citibank Mortgage TARP Money