Garrett Thornburg, Chairman
Larry A. Goldstone, President and CEO
Net income
US$ -1.55 billion (2007)[2]
Total assets
US$ 36.27 billion (2007)[2]
Number of employees
400 (2007)[2]
Website
www.thornburgmortgage.com
Thornburg Mortgage was a United States real estate investment trust (REIT) that originated, acquired and managed mortgages, with a specific focus on jumbo and super jumbo adjustable rate mortgages. The company experienced financial difficulties related to the subprime mortgage crisis in 2007 and filed for bankruptcy on April 1, 2009.[3]
It was founded in 1993 and prior to its failure it was a publicly traded corporation headquartered in Santa Fe, New Mexico. It got caught up in the financial crisis of 2007–2010 when it moved from a passive REIT to wholesale origination of mortgages in 2006.
^"About Us". Thornburg Mortgage Inc. Retrieved 2008-03-20.[permanent dead link]
^ abc"2007 Annual Report" (PDF). Thornburg Mortgage Inc. Archived from the original (PDF) on 2009-03-22. Retrieved 2009-03-14.
^"Thornburg Mortgage File to Bankruptcy". Bloomberg. Retrieved 2009-04-01.
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liability on a secured debt, such as a mortgage or mechanic's lien on a home, may be discharged. The effects of the mortgage or mechanic's lien, however, cannot...
telephone company, Sacred Wind Communications. Badal was also employed by ThornburgMortgage from 1993 to 2007, when he retired from his positions of Senior Executive...
and grew up in Fort Recovery, the son of John Otto and Janice Lavine (Thornburg) Zehringer, a section foreman on the Nickel Plate Railroad. According...
trailers and mobile homes in the Southwest. Laughlin: Route 66 Magazine. Thornburg, D. A. (1991). Galloping bungalows: The rise and demise of the American...
Rehearsing for the Millennium", Metro Weekly, Capital Letters, Washington DC Thornburg, Ryan (August 25, 1998), "GOP Aide Resigns From Texas Campaign Over Boss's...
Global Information
US$ -1.55 billion (2007)[2]