Thornburg Mortgage Inc. is moving from buying mortgage securities to actually making mortgage loans.

The $4.5 billion-asset real estate investment trust started a correspondent lending program this year and plans to lend directly to consumers -- though selectively, in keeping with its policy of investing only in assets with the highest credit quality.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.