Stull, Stull & Brody Announces Class Action on Behalf of Shareholders of Thornburg Mortgage, Inc.

Attorney Advertising. Notice is hereby given that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of all persons who purchased the common stock of Thornburg Mortgage, Inc. ("TMI" or the "Company") (NYSE: TMA) between October 6, 2005 and August 17, 2007, inclusive (the "Class Period") against the Company and certain of its officers and directors, alleging violations under Section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), 15 U.S.C. § 78j(b) and the rules and regulations promulgated thereunder by the SEC, including Rule 10b-5, 17 C.F.R. § 240.10b-5 (the "Class").

The Complaint alleges that throughout the Class Period Defendants issued numerous, positive financial statements, annual and quarterly financial reports filed with the SEC, press releases and other public statements that described the Company's financial performance. The Complaint further alleges that these public statements were materially false and misleading because they misrepresented and failed to disclose the following adverse facts, among others: (a) that the Company was facing increasing margin calls; (b) that its available leverage had significantly diminished; (c) that its financial situation had deteriorated to the point where it must sell certain assets; and, (d) that as a result of the foregoing the Company reported overstated financial results.

As a result of defendants' false statements, TMI's stock traded at artificially inflated prices during the Class Period, reaching a high of $30.64 per share on June 17, 2005.

On August 20, 2007, before the market opened, the Company published a press release announcing that it was forced to sell $20.5 billion of its top-rated mortgage-backed securities to boost its liquidity. This announcement was made in the wake of an August 14 announcement that the Company had to stop funding loans due to a credit crunch. The Company had been unable to repay nearly $8.4 billion of commercial paper outstanding as of June 30, 2007 because buyers of the paper demanded terms and covenants that the Company was either unwilling or unable to satisfy.

As a result of these disclosures, the Company's price per share fell $1.73 by mid-day trading, a 9% decline over its previous close on extremely heavy volume.

As a result of the dissemination of the false and misleading statements set forth in the complaint, the market price of TMI common stock was artificially inflated during the Class Period. In ignorance of the false and misleading nature of the statements described above, and the deceptive and manipulative devices and contrivances employed by said defendants, plaintiffs and the other members of the Class relied, to their detriment, on the integrity of the market price of TMI common stock. Had plaintiffs and the other members of the Class known the truth, they would not have purchased said common stock, or would not have purchased the stock at the inflated prices that were paid.

If you purchased TMI's securities during the Class Period, you may request that the Court appoint you as lead plaintiff no later than October 22, 2007. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Los Angeles.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by e-mail at SSBNY@aol.com , by calling toll-free 1-800-337-4983, or by fax at 212-490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com .

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

Contact: Tzivia Brody, Esq. Stull, Stull & Brody Email Contact 1-800-337-4983 Fax 212-490-2022 Stull, Stull & Brody 6 East 45th Street New York, NY 10017