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| August 21, 2007 | Tuesday | Sha’aban 7, 1428 |
US mortgage firm sells assets
WASHINGTON, Aug 20: Thornburg Mortgage Inc. said on Monday it had sold $20.5 billion of assets as it seeks to weather the financial storm buffeting the troubled US housing industry.
Thornburg, a nationwide lender based in Santa Fe, New Mexico, said it had sold billions of dollars in mortgage-backed securities to improve its finances.—AFP
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