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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (86632)8/22/2007 8:08:47 PM
From: Smiling BobRespond to of 306849
 
350 less CA mortgage applicants
I bet the Fed can't wait for midnight. This won't end
Look for another update from AP. Poor guy running out of whiteout
==

DJ Impac Mortgage Holdings Lays Off 350 Employees >IMH

DOW JONES NEWSWIRES

Impac Mortgage Holdings Inc. (IMH) laid off about 350 employees as part of its plan to reduce operating expenses in the face of the volatile secondary and securitization markets.

The Newport Beach, Calif., mortgage-loan investment company said its plan also includes closing selected mortgage origination facilities.

-Melissa Korn; 201-938-5400; AskNewswires@dowjones.com


Order free Annual Report for IMPAC Mortgage Holdings

Visit djnewswires.ar.wilink.com or call 1-888-301-0513

(END) Dow Jones Newswires

August 22, 2007 19:03 ET (23:03 GMT)

Copyright (c) 2007 Dow Jones & Company, Inc.- - 07 03 PM EDT 08-22-07