| Mar 13, 2012 4:38PM Despite the uneventful start to the week yesterday, Mortgages Rates are sharply higher today, rapidly re-introducing 4.0% as the more prevalent Best-Execution rate. Yesterday, 3.875% was the clear choice for Best-Ex. Movement between the two has been seen more frequently as rates in general have spent more time hovering in a narrow range between 3.875 and 4.0% on average so far in 2012. (read more about Best-Execution calculations ). Bond markets began the day in negative territory and continued... Mar 13, 2012 5:57PM Three executives of Thornburg Mortgage Company were charged today with securities violations for hiding the financial condition of the company. The Securities and Exchange Commission ( SEC ) alleged that even as Thornburg was violating lending agreement by failing to make on-time payment the executives were hiding the severity of its financial situation from investors and its own auditor. Charged were Chief Executive Officer Larry Goldstone, Chief Financial Officer Clarence Simmons, and Chief Accounting...
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