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Former Thornburg Mortgage reports $140,337 operating loss for July
By Mark Reccek
Bethlehem, Pa., Aug. 26 – TMST, Inc., formerly Thornburg Mortgage, Inc., reported an operating loss of $140,337 for July on zero interest income, according to its monthly operating report filed Aug. 26 with the U.S. Bankruptcy Court for the District of Maryland.
In June, the company posted a $136,240 operating loss, also on zero interest income.
TMST’s net loss was $453,972 for July, down from a $771,931 June net loss.
The company also had cash and cash equivalents of $39.02 million as of July 31, down from $39.45 million at the end of June.
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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