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May 23, 2008
Impac Mortgage Posts $2 Bln Loss in 2007 on Credit Woes
Impac Mortgage Holdings Inc. posted a $2.05 billion loss last year due to rising delinquencies and defaults. The Alt-A lender registered a $75.3 million loss in 2006. After recording an $8 million profit from continuing operations in 2006, the company reported a $1.65 billion loss last year.
Posted by S. Germain at May 23, 2008 07:48 AM