Industry News

Impac Mortgage expects to declare ‘stockholders’ deficit’

Alt-A lender stopped funding loans in September
Published on Nov 20, 2007

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by CareyBot

Alt-A lender Impac Mortgage Holdings Inc. has slashed expenses and outstanding debts since the company stopped funding loans in September, but liabilities exceeded assets at the end of the third quarter. New accounting procedures the company plans to adopt on ...