Industry News

More problems in mortgage lending reported as Fed meets

Impac, Accredited, NovaStar detail losses, operational cutbacks
Published on Sep 18, 2007

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by CareyBot

Several mortgage lenders issued reports this week detailing losses or cutbacks in operations as members of the Federal Reserve Board’s Open Market Committee meet today to consider slashing the federal funds overnight rate. Among the reports: Impac Mortgage Holdings said ...