by Calculated Risk on 5/10/2007 09:41:00 PM

From Reuters: Impac Mortgage posts first-quarter loss

Impac Mortgage Holdings Inc., a specialist in mortgages whose risk levels rank between prime and subprime loans, reported a first-quarter loss ... of $121.7 million ...

Here is the Impac press release: Impac Mortgage Holdings, Inc. Announces Results of First Quarter 2007