Alt-A
Latest Posts
Impac to Exit ‘Substantially All’ Mortgage Lending, Cancels Dividend
Sep 18, 2007In a sign of how difficult the mortgage market has become, Impac Mortgage Holdings Inc. said today that it will exit “substantially all” of its lending activities, including warehouse and commercial lending. An additional 114 employees will lose their jobs, the company said, adding to the 350 jobs eliminated on August 22. From the press statement:
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Moody’s: Housing Slump to Last into 2009
Sep 10, 2007 -
Indymac Announces It Will Resume Funding Prime Jumbos
Aug 22, 2007 -
A Recovery That Will Lead to Relapse: Why We’re Not Out of the Woods Yet
Aug 21, 2007 -
In the Crosshairs: National City’s Mortgage Exposure
Aug 21, 2007 -
WSJ: Countrywide Begins Layoffs
Aug 20, 2007 -
Weekend Mortgage Market Roundup, and My Own Thoughts on Where This is Headed
Aug 19, 2007 -
Countrywide Taps $11.5 Billion in Liquidity, Accelerates Move to Thrift
Aug 16, 2007 -
Freddie to the Rescue: Alt-A Purchase Commitment Means Additional Liquidity
Aug 15, 2007 -
Impac Posts $152.5 Million Loss, Focused on ‘Preserving Liquidity’
Aug 14, 2007 -
Cold Feet: Lone Star Looks to Call Off Accredited Deal
Aug 10, 2007
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