Alt-A

Impac Reports $66.3 Million Loss For 2006 

Impac Mortgage Holdings, Inc. (NYSE:IMH), a large Alt-A residential REIT, said late yesterday that it lost $66.3 million during 2006, attributing losses to a compression of net interest margins. In an earnings statement, the company said its borrowings re-priced more quickly than adjustable mortgage assets, and that $29.5 million in losses were due to loan repurchases during the second and fourth quarters.