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U.S. Bank donates $100,000 to charity in honor of award winners

Feb 06, 2007

Thornburg Mortgage reports 2006 EPS of $2.58MortgagePress.comThornburg Mortgage financial statements Thornburg Mortgage Inc. has reported that its net income before preferred stock dividends for 2006 was $297.7 million ($2.58 per common share), as compared to $282.8 million ($2.79 per common share) for 2005. Its annual mortgage originations increased 13 percent over 2005 to $5.6 billion and its assets increased 24 percent over 2005 to $52.7 billion. "Our strategy has always been to maintain a focus on only originating and/or acquiring excellent credit quality adjustable-rate mortgage assets, hedging our borrowing to offset interest rate fluctuations and utilizing an array of asset acquisition, financing and capital strategies," said Thornburg Chairman and CEO Garret Thornburg. "As a result, our 2006 performance was solid and we sustained the dividend." Santa Fe, N.M.-based Thornburg Mortgage Inc. is a single-family residential mortgage lender specializing in the jumbo segment of the adjustable-rate mortgage market. For more information, call (505) 989-1900 or visit www.thornburgmortgage.com.
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