Former Thornburg posts $78,845 operating loss for August

By Sarah Lizee

Olympia, Wash., Sept. 29 – TMST, Inc., formerly Thornburg Mortgage, Inc., posted a $78,845 operating loss for August on $94,697 in net operating revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Maryland.

The net loss for the period was $440,895.

The company had $89.51 million in cash and cash equivalents as of Aug. 31.

Based in Santa Fe, N.M., TMST is a lender specializing in jumbo mortgages. It filed for bankruptcy on May 1, 2009 under Chapter 11 case number 09-17787.

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