Thornburg Mortgage is ramping up efforts to market adjustable-rate, jumbo mortgage loans through financial advisers who counsel the wealthy.Joseph Badal, chief executive officer of Thornburg Mortgage, told reporters in New York March 20 that marketing jumbo loans through financial advisers is a means to increase retail lending to 70% of Thornburg's volume by 2005. Today, about three-quarters of the company's loans come through correspondent lending channels. "We literally want to reverse that," Mr. Badal said.
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