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End of the Road at Thornburg

Apr 01, 2009By

Ultra-prime jumbo mortgage lender Thornburg Mortgage [stock THMR][/stock], which fell victim to the nation’s credit crises in the past 18 months, looks as if it has run out of its proverbial nine lives. The Santa Fe, New Mexico-based company said Wednesday that it expected to file for Chapter 11 bankruptcy protection as it begins the liquidation of its remaining assets.

3d rendering of a row of luxury townhouses along a street

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