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Former Thornburg Mortgage marks $52,115 operating loss for January
By Sarah Lizee
Olympia, Wash., March 5 – TMST, Inc., formerly Thornburg Mortgage, Inc., posted a $52,115 operating loss for January on $110,907 in interest income, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Maryland.
In comparison, TMST reported a $74,605 operating loss for December on $81,361 in interest income.
Net loss for January was $157,319, down from a $507,902 December net loss.
The company had $77.23 million in cash and cash equivalents as of Jan. 31, down from $77.56 million at the end of December.
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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