Impac Mortgage 10-K filing delayed by required financial statement changes

By Caroline Salls

Pittsburgh, April 1 - Impac Mortgage Holdings, Inc. was unable to file its 10-K for the year ended Dec. 31 during a 15-day extension period because it will be required to make changes to its financial statements in connection with ongoing negotiations regarding its remaining warehouse borrowings, according to a company news release.

The company said it will file its 10-K as soon as possible.

In addition, Impac said it has settled a majority of its outstanding repurchase claims.

"This is a big step forward for the company, as it should ultimately improve the company's future liquidity," Impac chairman and chief executive officer Joseph R. Tomkinson said in the release.

Impac Mortgage Holdings is a mortgage real estate investment trust based in Irvine, Calif.

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