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Thornburg Is Outdoing Peers in Credit Quality.
Arlington, VA -- Saying that Thornburg Mortgage is well positioned to keep paying investors a strong dividend despite the challenging mortgage environment, analysts at Friedman Billings Ramsey here give Thornburg an "outperform" rating.
FBR gives Thornburg's stock a price target of $13, which would give it an 11% dividend yield on its estimated 2008 dividend payment.
FBR said Thornburg is taking advantage of market opportunities to build its portfolio, noting that the company recently raised $212 million from a common stock offering and convertible preferred offering. The majority of proceeds will be used to buy ARM assets for the REIT's portfolio, taking ...
- Thornburg Is Outdoing Peers in Credit Quality.
- News wire article from: Mortgage Line March 17, 2008 700+ words
...dividend payment. FBR said Thornburg is taking advantage of market...issues have subsided" for Thornburg, which uses "repo lines...FBR said. FBR said that Thornburg's "continued strong credit quality" also distinguishes it from...
- Thornburg's model: "nonconforming" is a word that really fits Thornburg...
- Magazine article from: Mortgage Banking Bergsman, Steve November 1, 2003 700+ words
...residential mortgage lender, Thornburg Mortgage focuses principally...origination of high-credit-quality ARM assets. [ILLUSTRATION...country. Last year Thornburg ranked 83rd, according...hasn't changed for Thornburg Mortgage is it still...principal points: credit quality, ...
- Asset Increase Boosts Thornburg.
- Magazine article from: National Mortgage News Cornwell, Ted February 5, 2007 700+ words
...maintaining strong credit quality, the company said. Thornburg, a jumbo, adjustable...lenders have seen credit quality deteriorate, Thornburg said that just...borrowers with superior credit quality will allow Thornburg to continue gaining...
- THORNBURG MORTGAGE TO PURCHASE FIRST ARIZONA SAVINGS.
- Press release article from: Business Wire January 5, 2000 700+ words
...institution that has a high credit quality loan portfolio, solid...local franchise." Thornburg Mortgage Inc. is a...of its borrowings. Thornburg Mortgage's objective...presence in the high credit quality ARM securities and...investment trust, Thornburg Mortgage distributes...
- INVESTING: Thornburg still going strong.
- Newspaper article from: Santa Fe New Mexican (Santa Fe, NM) April 23, 2006 700+ words
...Edwards report also states that Thornburg has exhausted "one of its...million of preferred stock. Thornburg also issued $190 million...2006, for the first time, Thornburg plans to penetrate the mortgage...while maintaining portfolio credit quality and geographic diversification...
- Thrift Acquisition Agreement Expires; Thornburg Mortgage to Apply for State...
- Press release article from: Business Wire September 26, 2000 700+ words
...banking subsidiary, Thornburg Mortgage Home Loans...mortgage loans to high credit quality borrowers in those...of its borrowings. Thornburg Mortgage's objective...presence in the high credit quality ARM securities and...of June 30, 2000. Thornburg Mortgage is one of...
- THORNBURG MORTGAGE HIRES INDUSTRY VETERAN.
- Press release article from: Business Wire December 3, 2001 700+ words
...Over the past two years, Thornburg Mortgage has made remarkable...Mortgage Finance Authority. Thornburg Mortgage is a full-service...of over $5 billion of high credit quality adjustable-rate mortgage...company's Web site at www.thornburg.com. Thornburg Mortgage...
- Thornburg: Profit Returns.
- News wire article from: Mortgage Line Comtois, James March 7, 2008 700+ words
...quarter. The credit quality of Thornburg Mortgage's originated...the quarter, Thornburg Mortgage's continued strong credit quality is a differentiating...FBR said that Thornburg's "continued strong credit quality" also distinguishes...
Source: HighBeam Research, Thornburg Is Outdoing Peers in Credit Quality.