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Former Thornburg Mortgage posts $159,038 operating loss for December
By Caroline Salls
Pittsburgh, Jan. 26 – TMST, Inc., formerly Thornburg Mortgage, Inc., reported an operating loss of $159,038 for December on zero interest income, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Maryland.
In November, TMST posted a $157,956 operating loss, also on zero interest income.
The net loss for December was $237,434, declining from $254,886 of net income for November.
The company had cash and cash equivalents of $63.17 million as of Dec. 31, down from $63.54 million at the end of November.
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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