Housing Mortgages Information

Sinking Mortgage Company Gets Lifeline from Lenders

Thornburg Mortgage said that five lenders have agreed to a deal where no further margin calls will be made in return for its compliance with a laundry list of requirements.

Thornburg will give the five lenders, Bear Stearns Cos., Citigroup Inc., Credit Suisse Group, Royal Bank of Scotland Group PLC and UBS AG, warrants which they can exercise into 47 million shares of the company at...