Banking, finance, and taxes
Cramer Thinks Thornburg Mortgage Will Be Fine (TMA)
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On today’s STOP TRADING segment on CNBC, Jim Cramer said that Thornburg Mortgage Inc. (NYSE:TMA) is one of the companies in mortgage land that is bad short that will hurt the traders betting against it. Cramer thinks that many of these mortgage companies are really at risk, but Thornburg isn’t one of them. Despite that many of their loans are stated income, the company has shown over and over how they pick through some of the riskier loans. After all, Cramer just created his "Mortgage Market Madness Index" on Friday, and this was one of the components. Earlier today he noted again that some homebuilders could be at risk as well.
Jon C. Ogg
August 6, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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