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Former Thornburg Mortgage sees operating loss of $137,473 in April
By Kali Hays
New York, June 1 – TMST, Inc., formerly Thornburg Mortgage, Inc., reported an operating loss of $137,473 for April on $753 in interest income, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Maryland.
For March, TMST reported an operating loss of $141,482 on zero interest income.
TMST’s net loss was $19,382 in April, improving from a March net loss of $411,563.
The company also had cash and equivalents of $40.03 million as of April 30, slightly less than its $40.42 million as of March 31.
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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