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| Thornburg Mortgage A Financial REIT Period End 9/30/2007 |
Copyrights 2006-2007 SGM Publishing |
| Update 11/26/2007 |
Thornburg Mortgage, Inc. operates as a single-family residential
mortgage lending company. It originates, acquires, and retains
investments in adjustable and variable rate mortgage (ARM) assets. Its
ARM assets comprise of purchased ARM assets and ARM loans,
including traditional ARM assets and hybrid ARM assets. Thornburg
Mortgage, Inc. acquires and originates assets, through correspondent
lending, wholesale lending, direct retail lending, and bulk acquisition
programs from investment banking firms, broker-dealers, mortgage
bankers, mortgage brokerage firms, banks, savings and loan institutions,
credit unions, home builders, and other entities involved in originating,
securitizing, packaging, and selling mortgage-backed securities and
mortgage loans. The company operates as an externally advised real
estate investment trust (REIT). It has elected to be treated as a real
estate investment trust for federal income tax purposes. As a REIT, the
company would not be subject to federal corporate income tax, provided
it distributes at least 85% of taxable income by the end of each calendar
year. Thornburg Mortgage was founded in 1992 and is based in Santa
Fe, New Mexico.
mortgage lending company. It originates, acquires, and retains
investments in adjustable and variable rate mortgage (ARM) assets. Its
ARM assets comprise of purchased ARM assets and ARM loans,
including traditional ARM assets and hybrid ARM assets. Thornburg
Mortgage, Inc. acquires and originates assets, through correspondent
lending, wholesale lending, direct retail lending, and bulk acquisition
programs from investment banking firms, broker-dealers, mortgage
bankers, mortgage brokerage firms, banks, savings and loan institutions,
credit unions, home builders, and other entities involved in originating,
securitizing, packaging, and selling mortgage-backed securities and
mortgage loans. The company operates as an externally advised real
estate investment trust (REIT). It has elected to be treated as a real
estate investment trust for federal income tax purposes. As a REIT, the
company would not be subject to federal corporate income tax, provided
it distributes at least 85% of taxable income by the end of each calendar
year. Thornburg Mortgage was founded in 1992 and is based in Santa
Fe, New Mexico.
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