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Former Thornburg Mortgage operating loss grows to $141,482 in March
By Kali Hays
New York, April 21 – TMST, Inc., former Thornburg Mortgage, Inc., showed an operating loss of $141,482 for March on zero interest income, according to its monthly operating report filed April 21 with the U.S. Bankruptcy Court for the District of Maryland.
In February, TMST reported a $127,007 operating loss, also on zero interest income.
TMST’s net loss for March was $411,563, improving from $427,722 in February.
The company also reported cash and cash equivalents of $40.42 million as of March 31, slightly down from $40.92 million at the end of February.
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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