Former Thornburg Mortgage marks $164,081 operating loss for October

By Caroline Salls

Pittsburgh, Nov. 18 - TMST Inc., formerly Thornburg Mortgage, Inc., posted a $164,081 operating loss for October on zero interest income, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Maryland.

In comparison, TMST posted a $162,355 operating loss for September, also on zero interest income.

The net loss for October was $878,798.

The company listed $104.89 million in cash and cash equivalents at Oct. 31, down from $105.76 million at the end of September.

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

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