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Is Thornburg Mortgage out of trouble?

April 26, 2017mortgage thornburg

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Is Thornburg Mortgage out of trouble?

1 Answer

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No. We are still navigating through these tough times, and the financing transaction with MatlinPatterson and the other investors included conditions that we must meet in order for us to be put in a position to resume normalized business operations. Approval of the proposals in the proxy is necessary to meet some of those conditions and approval will help us rebuild our core business: originating and securitizing loans. We still have a lot to do, but these proxy issues are a priority. Your vote is very important for the future of Thornburg Mortgage.