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Thornburg Mortgage – Bankrupt!

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!

Citibank Mortgage TARP Money

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

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Read the news carefully today. You never know what you're gonna get. For recommended reading materials on mortgages and refinance aspects and how to fix your deeds or just plain news on real estate, check out the new york times online. It's a very good source of information.