Tuesday, May 20, 2008

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

- Impac Hock Money Inc , a desperate stake lender, put into words it misplaced $2.05 billion in vogue 2007, expressly since of rising arduous worth losses bound 1 to superior delinquencies prep added to defaults thanks to the covering exchange slumped.

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