Types Of Bankruptcy

Brave Hearts Get Their Land Back  On July 1, Basil and Charlotte Brave Heart successfully pulled the family's 720 acres out of the Bureau of Indian Affairs land-leasing program.read more...


Cashing out  Mary Wing of Weedsport does her banking at Community Bank in Cato as sales representative Robin Przychodzen counts out her bills.read more...


North County business briefs: Accredited declares dividend  Accredited Home Lenders Holding Co. said its subsidiary, Accredited Mortgage Loan REIT Trust, on Friday declared a quarterly cash dividend on Accredited Mortgage Loan REIT Trust's 9.75 percent Series A


Subprime ills test lending law  WASHINGTON, March 30 A 30-year-old U.S. law requiring banks to serve their communities' credit needs must evolve, U.S. Federal Reserve Chairman Ben Bernanke said Friday.Commentread more...


Investors facing mortgage scrutiny (The Sacramento Bee)  WASHINGTON-One of the toughest questions facing Congress as it tries to address the meltdown in the subprime mortgage market, which caters to borrowers with poor credit, is deciding whether Wall


Too soon to refinance piggyback loan  It's unlikely that you've built up much equity this quickly, says Dr. Don.read more...

May 22nd, 2007

Impac to buy lender in Florida

Diversifying its operations, Irvine-based Impac Mortgage Holdings Inc. said Monday that it would acquire the lending arms of Pinnacle Financial Corp. of Orlando, Fla., which has branches in 26 states.

Impac said it would take over the leases on Pinnacle’s offices, but gave no additional financial details. Pinnacle founders Douglas Long and Jeffrey Vratanina are to become managing directors of Impac Home Lending, a newly formed division. Impac, a real estate investment trust, makes loans through independent brokers and buys them in bulk from other companies. It specializes in ‘Alternative-A’ loans, a category between low-risk prime and riskier sub-prime loans. Most of its borrowers have good credit but do not document their incomes. Read more



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