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Loan Modification

: Loan Modification & Home Loan News

Trustee sues ex-Thornburg Mortgage executives for theft

By Moe Bedard

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NEW YORK, March 4 (Reuters) – Four top executives of Thornburg Mortgage (THMRQ.PK) improperly paid themselves handsome bonuses just before the mortgage lender filed for bankruptcy last year, and stole money and ideas from Thornburg to secretly launch a new firm, the bankruptcy trustee in charge of liquidating the lender alleged in a lawsuit. In an [...]

Full post as published by Loan Modification & Home Loan News on March 05, 2010 (boomark / email).

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