Shannon Skurner photo_2008_small
Shannon Skurner
Vice President 

Texas Agency Manager
713-877-1780
sskurner@oldrepublictitle.com

ALERT!

 

 

Please read the information below regarding an urgent matter related to Thornburg Mortgage, Inc., which may affect upcoming transactions. 

 

Regards,

Shannon Skurner

         Thornburg Mortgage, Inc.

 

Published reports in Reuters are stating that Thornburg Mortgage, Inc., a Santa Fe, New Mexico based lender, is facing millions of dollars in margin calls that it may not be able to pay or post collateral for.  Therefore, the company may be forced out of business.

 

As a result of these disclosures, Old Republic operations or agents should not close loans involving Thornburg Mortgage, Inc., unless they currently have good funds in their escrow account for the loan.  For purposes of this ALERT!, the term "good funds" should be construed to mean that the funds for the loan have actually been received by the bank and have been credited to the appropriate escrow account.

 

This ALERT! is being issued for the sole purpose of meeting the Company's predetermined underwriting criteria and should in no way be construed as slanderous or defamatory material against any of the parties named herein.

Should you have any questions or require further information, please contact
David Rhodes or Steve Streiff in our Legal Department.

 

David Rhodes Photo4
David Rhodes
Senior Underwriting Counsel
888-678-1700
drhodes@oldrepublictitle.com

Steve Streiff Photo02
Steve Streiff
Underwriting Counsel
888-678-1700
sstreiff@oldrepublictitle.com

FTAF 6

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Just a Friendly Reminder That....      

 

Daylight Saving Time begins this Sunday, March 9th. 

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777 Post Oak Boulevard, Suite 240 Houston, Texas 77056 USA


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