New Mexico

Back in Black: Thornburg Mortgage Posts Q4 Profit 

Cue up the AC/DC: ultra-prime jumbo ARM mortgage specialist Thornburg mortgage said Monday afternoon that it had swung to a fourth quarter profit, just one quarter after posting a $1.1 billion loss. The Santa Fe, New Mexico-based lender earned $64.8 million, or $.34/share, in the fourth quarter of 2007 — off 19 percent from $80.3 million, or $.68/share, from the year ago period.