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Former Thornburg Mortgage records $123,008 operating loss for April
By Caroline Salls
Pittsburgh, May 29 – TMST, Inc., formerly Thornburg Mortgage, Inc., reported an operating loss of $123,008 for April on $43,303 in interest income, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Maryland.
In March, TMST posted a $153,627 operating loss on $34,512 in interest income.
The net loss for April was $276,396, narrowing from a $304,240 March net loss.
The company had cash and cash equivalents of $61.69 million as of April 30, down from $62 million at the end of March.
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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