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Impac Settles Most Repurchase Claims.
Irvine, CA -- Impac Mortgage Holdings Inc., a real estate investment trust here, said it has settled a majority of its outstanding repurchase claims.
Joseph Tomkinson, chairman and chief executive of Impac, said, "This is a big step forward for the company as it should ultimately improve the company's future liquidity." Furthermore, the company is in the process of negotiating the refinancing of its remaining warehouse borrowings.
Because of the negotiations, the company expects to add disclosures and make changes to its fourth-quarter and full-year 2007 financial statements.
It failed to ...
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Source: HighBeam Research, Impac Settles Most Repurchase Claims.