Thornburg Mortgage Company Description
Single-family residential mortgage lender Thornburg Mortgage originates and invests in prime jumbo and super-jumbo adjustable-rate mortgages (ARMs). The real estate investment trust (REIT) has the lion's share of its assets in short-term investments and high-quality ARM securities (government guaranteed or highly rated by independent entities). Thornburg generates income primarily from the difference between the interest income of its ARM assets and the costs associated with acquiring and holding them. Subsidiary Adfitech provides audit and document delivery services to mortgage lenders. The company has struggled in the wake of the mortgage crisis and may go out of business.
View the Comprehensive Company Description for Thornburg Mortgage
The Company Description provides a historical perspective of Thornburg Mortgage's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Thornburg Mortgage's evolution in the marketplace.
