Impac Mortgage posts $2 bln loss in 2007 on credit woes (Reuters)

[riky]

Impac Mortgage posts $2 bln loss in 2007 on credit woes
    (Reuters)

 

Reuters - Impac Mortgage Holdings Inc , a
struggling mortgage lender, said it lost $2.05 billion in 2007,
largely because of mounting credit losses tied to higher
delinquencies and defaults as the housing market slumped.


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