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Impac Loses $2.05 Billion, Gets SEC Inquiry 

May 21, 2008By

Once an Alt-A powerhouse, Impac Mortgage Holdings Inc. [stock IMH][/stock] said Wednesday that it lost $2.05 billion during 2007, or ($27.10)/share, in a delayed filing with the Securities and Exchange Commission. The annual loss compared with a $75.3 million loss recorded one year earlier.

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