My sources report that IMPAC is in trouble. While they have projected a calm outward persona there is panick on the inside, as they watch an ever-growing portion of their primarily Alt-A loan base head in to delinquent and default status. More as it develops.
Last 3 posts by Morgan
- Subprime Bananas - June 28th, 2009
- Roubini: No confidence in government exit strategy - June 24th, 2009
- Goldman bonuses largest in firm's 140-year history - June 21st, 2009
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