I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
The Santa Fe mortgage firm Thornburg Mortgage may soon be filing for bankruptcy, according to Reuters, via SFReeper.
The Santa Fe Reporter, which runs SFReeper, reported that Thornburg Mortgage had until March 16 to pay back $4 billion in financing. Now, with the deadline passed, bankruptcy may be the next step for one of Santa Fe’s largest employers.
Reuters writes:
A bankruptcy filing would make Thornburg one of the largest U.S. mortgage providers to seek protection from creditors since the housing slump began, joining rivals such as Washington Mutual Inc (WAMUQ.PK) and IndyMac Bancorp Inc (IDMCQ.PK).
Thornburg has specialized in making mortgages larger than $417,000 to borrowers with good credit, but it ran short of capital as investors stopped buying its loans. It has stayed alive mainly through a series of agreements to restructure or otherwise delay paying its debts.
SFReeper provides this link to Thornburg Mortgage’s statement as well.
