Thornburg Mortgage, Inc
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Thornburg Mortgage, Inc is a mortgage real estate investment trust that provides Adjustable Rate Mortgage (ARM) loans on real estate to "sophisticated" prime and super-prime borrowers with excellent credit, and so focus primarily on the jumbo and super-jumbo loans.
Thornburg Mortgage ARM Loans
Thornburg Mortgage was founded in 1993. Garrett Thornburg is Chairman of the Board. Corporate headquarters are in Santa Fe New Mexico. At one time, Thornburg traded on the New York Stock Exchange under the ticker symbol TMA. Effective December 4, 2008 it trades on the over the counter pink sheets as THMR.
Thornburg holds their own loans, instead of selling them to other lenders or to Fannie Mae. And since they don't deal with "subprime" borrowers, they must be doing better than the mortgage industry in general.
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