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THORNBURG MTG INC, (TMA) Stock Research Free Stock Rating
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Thornburg Mortgage, Inc. operates as a single-family residential mortgage lending company that originates, acquires, and retains investments in adjustable and variable rate mortgage (ARM) assets. The ARM assets consist of traditional ARM securities and loans, and hybrid ARM securities and loans. Thornburg Mortgage also offer mortgages online using third-party, private label, Web-based origination systems. It operates as an externally advised real estate investment trust and is managed by Thornburg Mortgage Advisory Corporation. The company has elected to be treated as a real estate investment trust for federal income tax purposes. It would not be subject to federal corporate income tax, provided it distributes at least 85% of taxable income by the end of each calendar year; and declares dividends amounting to at least 90% of its taxable income for each year by the time it files applicable tax return. The company was organized in 1992 and is based in Santa Fe, New Mexico.
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