Thornburg Mortgage Cuts Sales And Support Staff

Thornburg Mortgage Inc. has reduced its staff by 29 sales and support positions in its home lending division in response to the continued unprecedented turmoil in the mortgage financing and credit markets that has shaken the industry for more than a year.

‘Today's announcement is in no way a reflection on the ability of these individuals,’ says Larry Goldstone, Thornburg Mortgage president and CEO. ‘Rather, it is a sign of just how prolonged and extensive the mortgage crisis has become.’

Of the 29 positions eliminated, approximately half were located in Santa Fe, N.M., and the other half were located throughout the country. Thornburg Mortgage now employs approximately 156 professionals in its Santa Fe-based operations.

Source: Thornburg Mortgage

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