Impac in default on $407 million

John Gittelsohn reports: Impac Mortgage Holdings Inc. of Irvine has not received a waiver on a $407 million reverse repurchase facility, throwing the company into technical default, according to a securities document filed today. The announcement triggered a slump in Impac's stock, which fell 8 cents, or more than 8 percent, in after hours trading. During regular [...]