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Impac Mortgage reports net loss of $3 million for 1Q 2014

Originations decreased 48% from the first quarter of 2013, down to $ 353.1 million. Impac attributes most of that to the sale of their brick and mortar branches at the end of last year, which accounts for $ 180 million of the decline.

 Impac Mortgage reports net loss of $3 million for 1Q 2014
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