Naz News, Gappers and FLE's

[coop630]

IMH news last night-Impac Mortgage Holdings, Inc. Announces the Company Has Settled a Majority of Repurchase Liabilities
Monday March 31, 7:51 pm ET


IRVINE, Calif., March 31, 2008 /PRNewswire-FirstCall/ -- Impac Mortgage Holdings, Inc. (NYSE: IMH - News), or the "Company" a Maryland corporation, being taxed as a real estate investment trust ("REIT"), announces that it has settled a majority of its outstanding repurchase claims. Mr. Joseph R. Tomkinson, Chairman and Chief Executive Officer of Impac Mortgage Holdings, Inc. stated, "This is a big step forward for the Company as it should ultimately improve the Company's future liquidity."
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(Logo: http://www.newscom.com/cgi-bin/prnh/20070305/LAM033LOGO)

Further, the Company continues to negotiate its remaining warehouse borrowings. As a result of these negotiations the Company will be required to add disclosures and make changes to the December 31, 2007 financial statements. Therefore the Company was unable to file its Form 10-K for the year ended December 31, 2007 during the 15 day extension period. However, the Company does intend to file the Form 10-K as soon as practical.