Rainwater has 13% stake in Thornburg Mortgage

By Lisa Kerner

Charlotte, N.C., Jan. 24 - Thornburg Mortgage, Inc. investor Richard E. Rainwater reported a 13.0% stake in the company, according to a schedule 13D filing with the Securities and Exchange Commission.

Rainwater purchased 1,070,000 shares of the company's stock between Aug. 30 and Nov. 20, 2007 priced from $21.77 to $26.30 each.

The investor beneficially owns 3,945,000 shares of the Santa Fe, N.M., mortgage lending company's outstanding stock.

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