Thornburg Mortgage (TMA) lost $3.31B in Q1 ($20.64/share), including a $1.54B writedown. TMA...

|By:, SA News Editor

Thornburg Mortgage (TMA) lost $3.31B in Q1 ($20.64/share), including a $1.54B writedown. TMA expects a modest increase in delinquencies, but says the credit quality of its portfolio is 'exceptional.'