As Investors Remain Averse to Non-Agency Product, Alt A Lenders Face a Long Slog Back to Profitability
May 23, 2008
Impac Mortgage Holdings this week reported a whopping $2.0 billion loss for 2007. And fellow Alt A lender IndyMac took a $184.2 million loss in the first quarter of 2008 while warning that it will not reach profitability this year. Impac blamed its loss on...