Monday, 21 May 2007

Impac to buy Pinnacle in mortgage lender merger

(Reuters) - Orlando, Florida-based Pinnacle lists more than 440 loan
officers on its Web site. The firm was founded in 1988.




Impac, a real estate investment trust, specializes in
"Alt-A," short for "Alternative-A," loans, which often go to
borrowers who cannot fully document income or assets. Pinnacle
specializes in Alt-A and prime loans, Impac said.


Read more at Reuters.com Bonds News

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