Former Thornburg Mortgage operating loss widens to $162,760 in August

By Caroline Salls

Pittsburgh, Sept. 28 – TMST, Inc., formerly Thornburg Mortgage, Inc., reported an operating loss of $162,760 for August on zero interest income, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Maryland.

In July, TMST posted a $158,005 operating loss, also on zero interest income.

The net loss for August was $351,085, narrowing from a $426,541 July net loss.

The company had cash and cash equivalents of $64.16 million as of Aug. 31, down from $64.63 million at the end of July.

Based in Santa Fe, N.M., TMST is a lender specializing in jumbo mortgages. It filed for bankruptcy on May 1, 2009 under Chapter 11 case number 09-17787.

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