HEADLINE STOCKS - U.S. stocks on the move on March 3

(Updates to regular trading)

NEW YORK, March 3 (Reuters) - Some U.S. stocks on the move on Monday:

THORNBURG MORTGAGE INC (TMA.N: Quote, Profile, Research)

The stock tumbled more than 50 percent to $4.01 on the New York Stock Exchange after the residential mortgage lender said it failed to meet a "substantial majority" of the most recent margin calls. For details, see [ID:nN03336997]

Thornburg topped the Big Board's list of biggest percentage losers at midday on Monday.

BANK OF AMERICA CORP (BAC.N: Quote, Profile, Research)

COUNTRYWIDE FINANCIAL CORP CFC.N

Shares of Bank of America, the largest U.S. bank by market value, dropped 0.7 percent to $39.47 on the NYSE, after Countrywide, the largest U.S. mortgage lender, said it may see more credit losses. [ID:nN03324367] Bank of America, recently added to the Dow industrials, earlier hit a session low at $38.57.

Countrywide was down 1.7 percent at $6.20.