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Former Thornburg Mortgage reports $136,240 operating loss for June
By Caroline Salls
Pittsburgh, July 27 – TMST, Inc., formerly Thornburg Mortgage, Inc., reported an operating loss of $136,240 for June on zero interest income, according to its monthly operating report filed July 27 with the U.S. Bankruptcy Court for the District of Maryland.
In May, the company posted a $129,683 operating loss, also on zero interest income.
TMST’s net loss was $771,931 for June, widening from a $251,931 May net loss.
The company also had cash and cash equivalents of $39.45 million as of June 30, down from $39.72 million at the end of May.
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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