Thornburg, a Mortgage Lender, Misses Margin Calls (New York Times)

A survey finds 19% of people fear missing mortgage repayments, prompting a £2m advertising campaign.
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Dow, S&P flat; commodity rally offsets mortgage woe (Reuters via Yahoo! News)

The Dow and S&P closed little changed on Monday as surging commodity prices boosted shares of mining and energy companies, offsetting fears that a cash squeeze at a high-profile mortgage lender would mean more fallout from the housing slump.

Thornburg Mortgage plunges on bankruptcy worry (Reuters via Yahoo! News)

Thornburg Mortgage Inc said on Monday it has failed to meet a surge in margin calls, raising concern the jumbo mortgage lender might file for bankruptcy and causing its shares to fall by more than half.

Merits of New Mortgage Aid Are Debated (Washington Post)

The U.S. Treasury said yesterday that its mortgage-assistance initiative helped 45,000 distressed subprime homeowners get new loans in its first month, but a veteran mortgage banker who helps run the program said many of them may not receive long-term relief and could ultimately face higher total...more

Thornburg, a Mortgage Lender, Misses Margin Calls (New York Times)

Thornburg Mortgage, the mortgage lender, said Monday that it had failed to meet a surge in margin calls, raising concern that it might need to seek bankruptcy protection.
more...