Impac Mortgage posts wider yearly loss

Tue May 20, 2008 11:40pm EDT
 
[-] Text [+]

May 20 (Reuters) - Impac Mortgage Holdings Inc IMH.N, a real estate investment trust, posted a wider yearly loss, hurt by a $1.4 billion provision for loan losses.

The company reported a net loss of $2.0 billion, or $27.10 per share for 2007, compared with a net loss of $75.3 million, or $1.18 per diluted common share for 2006. (Reporting by Ajay Kamalakaran in Bangalore; Editing by Anshuman Daga)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better