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Former Thornburg Mortgage marks $94,887 operating loss for February
By Caroline Salls
Pittsburgh, March 26 – TMST, Inc., formerly Thornburg Mortgage, Inc., posted a $94,887 operating loss for February on $94,473 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 $52,115 operating loss for January on $110,907 in interest income.
The net loss for February was $178,833, widening from a $157,319 January net loss.
The company had $77.04 million in cash and cash equivalents as of Feb. 28, down from $77.23 million at the end of January.
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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