Thornburg Mortgage Inc., Pink Sheets: 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 2007–2009 the company experienced financial difficulties related to the ongoing subprime mortgage cr...
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Thornburg Mortgage Inc., Pink Sheets: 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 2007–2009 the company experienced financial difficulties related to the ongoing subprime mortgage crisis, and it filed for bankruptcy on April 1, 2009.
The company was founded in 1993 by Garrett Thornburg & Larry A. Goldstone.
Having begun as a conventional mortgage, REIT, Thornburg Mortgage branched out to also originate mortgages, working with other financial institutions (a.k.a. correspondent origination) from 1999, selling directly to consumers (direct retail origination) from 2001 and moving into wholesale origination in 2006. The company markets its products via print advertising, direct mail and online, avoiding the significant...
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