Former Thornburg Mortgage operating loss widens to $200,411 in June

By Caroline Salls

Pittsburgh, July 25 - TMST Inc., formerly Thornburg Mortgage, Inc., posted a $200,411 operating loss for June on zero interest income, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Maryland.

In comparison, the company posted a $181,607 operating loss for May, also on zero interest income.

TMST had an $806,584 net loss in June, narrowing from a $1.07 million May net loss.

The company listed $107.53 million of cash and cash equivalents at June 30, down from $108.49 million at the end of May.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.