Aug. 10 — Deutsche Bank and Standard and Poor's downgrade Thornburg Mortgage. The company's stock ends the day at $18.06.

Aug. 11 — Trading halted in Thornburg shares. Shares close at $7.61.

Aug. 16 — Thornburg Mortgage founder Garrett Thornburg and Chief Operating Officer Larry Goldstone appear on national television seeking to halt the slide in the company's share prices.

Aug. 20 — Fitch Ratings cuts Thornburg Mortgage's ratings to CCC from BB, sinking the shares farther into the junk category.

Aug. 20 — Thornburg Mortgage sells $20.5 billion of its safest bonds at
95 cents on the dollar. Company loses $930 million because of forced sale.

Aug. 20 — Thornburg Mortgage stock falls 10 percent to $13.50

Aug. 21 — U.S. foreclosure activity in July up 9 percent from June and 93 percent higher than in July 2006.

Aug. 22 — A New York Law firm, Wolf Haldenstein, files a class-action lawsuit against Thornburg Mortgage, alleging that the company overstated financial results and deceived investors into buying shares at inflated prices. Other lawsuits follow.

Aug. 22 — Thornburg Mortgage says the lawsuits lack merit and promises to contest them in court.

Sept. 7 — Thornburg Mortgage holds a groundbreaking of Thornburg Companies' new campus off Ridgetop Road.

Sept. 12 — Larry Goldstone tells industry analysts in a conference call that Thornburg Mortgage has turned the corner, claiming, "Our profit opportunities have improved dramatically." Shares traded at $13.20 in after hours trading.

Sept. 15 — Thornburg borrows
$1.4 billion and uses a pool of home loans as collateral. Previously the company sold a special class of stock, raising $500 million.

Oct. 18 — Thornburg Mortgage cancels its third-quarter dividend after losing more than $1 billion. Shares close at $9.93.

Oct. 24 — Garrett Thornburg buys $9.5 million of Thornburg Mortgage's stock, adding to the shares he already has.

Dec. 18 — Thornburg Mortgage declares fourth-quarter dividend of
25 cents per share. The company didn't pay a third-quarter dividend.

Nov. 16 — Friedman, Billings ups rating of Thornburg Mortgage. Shares close at $10.29.

Dec. 18 — Larry Goldstone named chief executive officer of Thornburg Mortgage. He remains president of the company he and Garrett Thornburg co-founded in 1992.

Jan. 30 — Thornburg Mortgage pays a fourth-quarter common stock dividend of 25 cents per share.

Feb. 4 — Thornburg Mortgage returns to profitability in the fourth quarter of 2007, reporting net income of $64.8 million.

Feb. 6 — Jefferies & Co. upgrades Thornburg Mortgage to "buy" from "hold." The share price rose to $12.77. The share price has ranged from $7.49 to $28.40 over the past 52 weeks.