Impac Mortgage Holdings in Irvine said today it cut 350 workers nationwide to cut costs amid turmoil in the market to sell loans to investors. The cuts amount to about 40 percent of staff by my math.
Late last month Impac cut 190 jobs, or roughly 20 percent of its staff, leaving it with around 800 [...]
Related Headlines
- Impac Mortgage to lay off 144, halt most lendingposted 51 weeks ago on Mortgage Insider
- Bear Stearns cuts 650 jobs, some in Irvineposted 41 weeks ago on Mortgage Insider
- Bear Stearns halts lending in Irvine, cuts 150 jobsposted 38 weeks ago on Mortgage Insider
- Lehman closes BNC Mortgageposted 55 weeks ago on Mortgage Insider
- Impac Mortgage met margin calls, but stopped funding Alt-A loansposted 57 weeks ago on Mortgage Insider
- Impac’s loss widens, woes mountposted 56 weeks ago on Mortgage Insider
- Option One to cut 575 jobsposted 52 weeks ago on Mortgage Insider
- Impac Mortgage’s stock drops 13%posted 58 weeks ago on Mortgage Insider
- Impac Mortgage posts $153 million Q2 lossposted 56 weeks ago on Mortgage Insider