Thornburg Mortgage records $376,818 June operating loss on $1.13 million of investment income

By Caroline Salls

Pittsburgh, July 23 - Thornburg Mortgage, Inc. posted a $376,818 operating loss in June on $1.13 million in total interest income, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Maryland.

Thornburg reported a $1.06 million net income for the month.

The company had $21.94 million in cash and cash equivalents at June 30.

Thornburg, a Santa Fe, N.M., lender specializing in jumbo mortgages, filed for bankruptcy on May 1. Its Chapter 11 case number is 09-17787.

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