Industry News

Delta Financial, Impac Mortgage announce 650 layoffs

Nonconforming lenders blame secondary market turmoil
Published on Aug 23, 2007

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by CareyBot

Two mortgage lenders — Delta Financial Corp. and Impac Mortgage Holdings — announced layoffs totaling 650 workers Wednesday, adding to the tally of more than 13,000 job cuts in the last week. Delta Financial Corp. announced it has cut its ...