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Thornburg Mortgage

Thornburg Mortgage
Company nameThornburg Mortgage Inc.
Company typePublic (Pinksheets - THMRQ)
IndustryMortgage lender
FateFiled for Chapter 11 bankruptcy
Founded1993
HeadquartersSanta Fe, New Mexico
Area servedUnited States
Key peopleGarrett Thornburg, Chairman
Larry A. Goldstone, President and CEO
Net income(-)US$ -1.55 billion (2007)
Total assets(-)US$ 36.27 billion (2007)
Employees400 (2007)

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Thornburg Mortgage Inc., Pinksheets - THMRQ, was an American publicly traded corporation headquartered in Santa Fe, New Mexico. Founded in 1993, the company is a real estate investment trust (REIT) that originates, acquires & manages mortgages, with a specific focus on jumbo and super jumbo adjustable rate mortgages. During the Financial crisis of 2007 � 2010 the company experienced financial difficulties related to the ongoing subprime mortgage crisis, and it filed for bankruptcy on April 1, 2009.

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Rare Residential Mortgage Bond Tests Dormant Market - Wall Street Journal (blog) Tweet this news
Wall Street Journal (blog)--“It's good for market to see some semblance of new issue, but until a few more players begin bringing deals it is tough to see much advancement in the non-agency space,” said Jeffrey Klingelhofer, a portfolio manager a - Date : Thu, 12 Jan 2012 21:06:35 GMT
Judge: First Amendment Doesn't Shelter Credit Raters - Wall Street Journal Tweet this news
Wall Street Journal--A federal judge has ruled that the First Amendment doesn't bar investors from suing credit-rating companies over losses on mortgage-backed securities issued by failed lender -Thornburg Mortgage- Inc., in a blow to firms that had - Date : Tue, 29 Nov 2011 00:06:02 GMT
Downtown Oak Park developer goes bankrupt - Wednesday Journal Tweet this news
Wednesday Journal---...- and a $1.7 million -mortgage- to buy five condos, four of which are currently being rented. Curto owes money to everyone from Trapani Construction ($1.2 million) to the Barnes & -Thornburg- law firm ($148000), according to - Date : Wed, 08 Jun 2011 03:09:08 GMT+00:00
Thornburg Trustee Targets BofA Over Countrywide Loans - Wall Street Journal Tweet this news
Wall Street Journal--The court-appointed trustee overseeing the liquidation of -Thornburg Mortgage- Inc. is taking aim at what he calls Bank of America Corp.'s "elaborate corporate shell game" to move the valuable assets of its Coun - Date : Wed, 22 Jun 2011 19:52:26 GMT+00:00
US Subprime Selloff Sparks Value Debate; TCW Gets Active - Wall Street Journal Tweet this news
Wall Street Journal--The drubbing has pushed yields on subprime and other risky -mortgage- bonds close to 8% from 6.5% in March, enticing buyers such as TCW and -Thornburg- Investment Management to the market. Bond yields rise when prices fall. " - Date : Fri, 10 Jun 2011 21:30:58 GMT+00:00
Subprime-Debt Selloff Lures Some Buying Interest - Wall Street Journal Tweet this news
Wall Street Journal--The drubbing has pushed yields on subprime and other risky -mortgage- bonds close to 8% from 6.5% in March, enticing buyers such as TCW and -Thornburg- Investment Management to the market. Bond yields rise when prices fall. " - Date : Sun, 12 Jun 2011 18:09:44 GMT+00:00
Mortgage REITs - A Primer, What Could be Next, and Opinion - Gerson Lehrman Group Tweet this news
Gerson Lehrman Group--Active REITs can become a closed mortgage ecosystem not reliant on outside parties other than for equity capital. -Thornburg Mortgage's- loan origination and securitization business, known for making the right credit decisions a - Date : Sat, 09 Apr 2011 01:53:17 GMT+00:00
Hope, at Last - Barron's Tweet this news
Barron's--Robert MacDonald, associate portfolio manager of -Thornburg- Value Fund (TVAFX), thinks that $2 a share "is reasonable in a couple of years." He uses a blended multiple: 15 times for the industrial earnings, roughly in lin - Date : Sat, 02 Apr 2011 09:11:21 GMT+00:00
Randolph County Record - Muncie Star Press Tweet this news
Muncie Star Press--Dodi A. -Thornburg-, 37, 117 N. Walnut St., Ridgeville, dealing in methamphetamine. State vs. Melissa A. Shaneyfelt, 36, 462 E. Carl St., Winchester, possession of a narcotic drug, possession of marijuana. State vs. Mike E. Sharp, 47, 5 - Date : Sun, 27 Mar 2011 07:23:27 GMT+00:00
Too Busy for Finances, but a Baby Changes That - New York Times Tweet this news
New York Times--“Paying $1100 a month on a -mortgage- was better than paying $1100 to someone else for rent.” They both said their attitudes toward money were formed when they were young. Ms. -Thornburg- described herself as “middle middle class” - Date : Wed, 23 Mar 2011 23:54:28 GMT+00:00



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