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Former Thornburg Mortgage posts $135,451 operating loss for April
By Jim Witters
Wilmington, Del., May 21 - TMST Inc., formerly Thornburg Mortgage, Inc., posted an operating loss of $135,451 for April on zero interest income, according to the company's monthly operating report filed May 21 with the U.S. Bankruptcy Court for the District of Maryland.
Those figures compare to an operating loss of $151,741 for March, also on zero interest income.
The net loss for April was $910,038, increasing from a March net loss of $678,408.
The company also reported cash and cash equivalents of $27.68 million as of April 30, down from $28.33 million at the end of March.
TMST is a Santa Fe, N.M.-based lender specializing in jumbo mortgages. It filed for bankruptcy on May 1, 2009 under Chapter 11 case number 09-17787.
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