Industry News

Thornburg Mortgage ups Q3 loss to $1.1 billion

Sales by third parties add $236 million to previous estimates
Published on Oct 10, 2007

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by CareyBot

Thornburg Mortgage Inc. said Tuesday that its third-quarter losses on sales of securities backed by adjustable-rate mortgages totaled $1.099 billion, $236 million more than previous estimates. The increase was due primarily to receipt of the actual sales price on asset ...

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