Posts Tagged ‘High’Keepin’ It Real Estate: Jumbo Prime R.I.P.By ANDREW JEFFERY This post first appeared on Minyanville. Countrywide was to subprime lending what Thornburg Mortgage was to jumbo-prime. Now, both are out of business. Thornburg said it expects to file for Chapter 11 bankruptcy protection, ending a nearly 2-year struggle to fend off creditors and survive the credit crunch. The company, once the [...] |