Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for TMST, Inc. > News item |
Former Thornburg Mortgage posts $133,041 operating loss for December
By Caroline Salls
Pittsburgh, Jan. 23 - TMST Inc., formerly Thornburg Mortgage, Inc., posted an operating loss of $133,041 for December on zero interest income, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Maryland.
Those figures compare to a $40,542 operating loss posted for November, also on zero interest income.
The net loss for December was $636,659, widening from a $499,139 November net loss.
The company also reported cash and cash equivalents of $29.8 million as of Dec. 31, down from $31.39 million at the end of November.
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.
© 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.