Thornburg posts big loss on falling mortgage values

06/12/2008 | Reuters · CNNMoney

Thornburg Mortgage recorded a first-quarter loss of $3.31 billion, or $20.64 per share, down from earnings of $75 million, or 62 cents a share, a year ago. The loss was attributed to the falling values of mortgages and other securities Thornburg holds, and far exceeded analysts' estimated of $3.32 per share.

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Reuters · CNNMoney

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