(AFX UK Focus) 2008-08-26 12:49 UPDATE 1-Thornburg survival in doubt after new margin calls (Interactive Investor)
(AFX UK Focus) 2008-08-26 12:49 UPDATE 1-Thornburg survival in doubt after new margin calls (Interactive Investor)
NEW YORK, Aug 26 (Reuters) - Thornburg Mortgage Inc , a specialist in jumbo home loans, said its survival remains in doubt following additional margin calls, as it scrambles to complete a restructuring and avoid collapse. The Santa Fe, New Mexico-based company said it covered $219 million of demands for collateral on August 21, and may face an additional $25.9 million of margin calls. It said it …
UK Mortgage Approval Numbers in a Decline
British Bankers Association reported that home loan approvals declined from 34,752 in April to 27,968 in May. This May’s number is 56.1% lower than the same time last year, and it’s the lowest number of mortgage approvals since 1997, when the BBA started recording data on the topic.
Cairns Lockie Mortgage Commentary 29 August 2008 (Scoop.co.nz)
Welcome to the fifteenth fortnightly Cairns Lockie Mortgage Commentary for 2008. We aim to keep you informed on developments at Cairns Lockie, Home Loans and the mortgage market in general.