A good bellwether to follow on high quality jumbo loans is Thornburg Mortgage which is getting slammed right now on Wall Street
“AP
Thornburg Shares Hit 52-Week Low
Monday August 13, 1:49 pm ET
Thornburg Shares Fall on Lower Credit Rating and Mortgage Market Worries, Hit 52-Week Low
NEW YORK (AP) — Shares of Thornburg Mortgage Inc., a prime mortgage lender and real estate investment trust, fell in Monday trading after Standard & Poor’s downgraded its credit rating Friday and as concerns in the mortgage market persist.’
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“Despite the fact that Thornburg has executed well on its strategy to underwrite, purchase, and hold extremely high quality assets, it appears lenders are not differentiating,” among mortgage products, Hochstim wrote in the note. “Thus, Thornburg may be getting very little credit for its careful management of credit risk.”
