Larry Goldstone

LARRY GOLDSTONE is President and Chief Operating Officer of Thornburg
Mortgage, Inc. As a Founder of Thornburg Mortgage, Inc., he oversees all
day-to-day operations of the company, from mortgage portfolio management
to marketing. Before joining Thornburg, Mr. Goldstone was Senior Vice
President and Treasurer of Downey Savings and Loan, where he was
responsible for cash and liquidity management, mortgage portfolio
management, secondary marketing and interest rate risk management. Prior
to that, Mr. Goldstone held a variety of increasingly responsible
positions at Great America Bank, including manager in the Treasury and
Mortgage Portfolio Management Departments, as well as Senior Vice
President. During his tenure at Great America Bank, Mr. Goldstone was
responsible for the management and trading of a $3 billion mortgage-
backed securities portfolio and was instrumental in structuring over $1
billion of privately and publicly issued adjustable and variable-rate
mortgage-backed securities. Mr. Goldstone has extensive experience in
all facets of mortgage finance, interest rate risk management and
hedging. He holds a BA in Economics from New Mexico State University and
an MBA from the University of Arizona.