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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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