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Former Thornburg Mortgage's operating loss shrinks to $134,954 in July
By Caroline Salls
Pittsburgh, Aug. 17 - TMST Inc., formerly Thornburg Mortgage, Inc., posted a $134,954 operating loss for July on zero interest income, according to its monthly operating report filed Aug. 17 with the U.S. Bankruptcy Court for the District of Maryland.
In comparison, TMST reported a $150,259 operating loss for June, also on zero interest income.
The net loss for July was $637,008, widening from a $584,378 June net loss.
The company listed $104.73 million of cash and cash equivalents as of July 31, down from $105.49 million at the end of June.
TMST is a Santa Fe, N.M.-based lender specializing in jumbo mortgages. It filed for bankruptcy on May 1, 2009 under Chapter 11 case number 09-17787.
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