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The New Mexico Business Weekly (Free subscription) | 10/02/2008
Thornburg Mortgage Inc. received the consent of holders of its Senior Subordinated Secured Notes to make their most recent interest payment — 18 percent due Sept. 30 — in additional notes, rather than cash, a move necessitated by the company's continued lack of liquidity. (TMA)
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Business Wire (Free subscription) | 10/01/2008
SANTA FE, N.M.--(BUSINESS WIRE)--Thornburg Mortgage, Inc. (NYSE:TMA), announced that it is amending its Exchange Offer and Consent Solicitation (the “Exchange
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Business Wire (Free subscription) | 09/30/2008
SANTA FE, N.M.--(BUSINESS WIRE)--Thornburg Mortgage, Inc. (NYSE: TMA), announced that the company has reduced its staff by 29 sales and support positions in its home lending division in
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The New Mexico Business Weekly (Free subscription) | 09/26/2008
Thornburg Mortgage Inc. has again extended its tender offer for preferred stock as negotiations continue with the reverse repurchase agreement counterparties who were parties to the $1.35 billion March 17 Override Agreement that helped the company avoid bankruptcy. (TMA) (TMA)
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Business Wire (Free subscription) | 09/26/2008
SANTA FE, N.M.--(BUSINESS WIRE)--Thornburg Mortgage, Inc. (NYSE:TMA), announced that it is extending the expiration of its Exchange Offer and Consent Solicitation (the
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The New Mexico Business Weekly (Free subscription) | 09/23/2008
Thornburg Mortgage Inc., still unable to resolve differences with the reverse repurchase agreement counterparties involved in a $1.35 billion Override Agreement that rescued the company in March, has once again extended the expiration of a tender offer for preferred stock.
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Reuters UK (Free subscription) | 09/23/2008
NEW YORK, Sept 23 (Reuters) - Thornburg Mortgage Inc said on Tuesday the fate of its rescue package remains uncertain because the specialist in jumbo home loans has failed to resolve a dispute with its own lenders.
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Business Wire (Free subscription) | 09/23/2008
SANTA FE, N.M.--(BUSINESS WIRE)--Thornburg Mortgage, Inc. (NYSE: TMA), announced that it is extending the expiration of its Exchange Offer and Consent Solicitation (the
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New York Post (Free subscription) | 09/17/2008
Thornburg Mortgage Inc.'s preferred shares lost more than half their remaining value after the "jumbo" home lender raised concern that a bailout package may fall apart. Thornburg's lenders, who agreed in March to halt margin calls for a year so...
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Law Blog - WSJ.com (Free subscription) | 09/17/2008
Thornburg Mortgage said it could face another liquidity crisis because of a series of "unanticipated" margin calls made by its lenders.
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The New Mexico Business Weekly (Free subscription) | 09/16/2008
Thornburg Mortgage again has extended the tender offer for its preferred stock, this time from Sept. 16 to Sept. 23, but says it is not clear that it will be able to close the offer despite the consent of its preferred stockholders. (TMA)
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Reuters UK (Free subscription) | 09/16/2008
NEW YORK, Sept 16 (Reuters) - Thornburg Mortgage Inc , a struggling specialist in jumbo home loans, said it may run short of cash after getting surprise margin calls that threaten a restructuring critical to its survival.
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The Earth Times Online Newspaper (Free subscription) | 09/16/2008
SANTA FE, N.M. - Thornburg Mortgage, Inc. (NYSE: TMA), announces that it is amending its Exchange Offer and Consent Solicitation (the “Exchange Offer”) for all outstanding shares of its 8.00% Series C Cumulative Redeemable Prefe
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The New Mexico Business Weekly (Free subscription) | 09/09/2008
Thornburg Mortgage continues to extend the deadline of its preferred stock tender offer as it negotiates details of a bailout agreement that partially hinges on the offer. (TMA)
