I ran across
a week or so ago, after
SFR's cover on Thornburg Mortgage
. It's written by a woman in Chicago who bought a house with a Thornburg loan. Now that the company's in bankruptcy, she wants Thornburg borrowers to "unite" to persuade the company to offer them the right to buy back their mortgages. "Banks buy back their debt," she writes. "Why can't we?"
Good question.
Reuters business blogger
Felix Salmon endorsed her idea
, with a caveat:
Also, Kelli K, the author of the Thornburg Borrowers Unite blog,
the other day, after calling the firm that's handling Thornburg's bankruptcy,
. Here's what they told her:
What's the upshot for those who live in Thornburg's backyard? Not much. Not many New Mexicans were Thornburg customers. This is just a little glimpse into the isues that come up in a bankruptcy.
