Shareholder Class Action Filed Against Impac Mortgage Holdings, Inc. by the Law Firm of Schiffrin Barroway Topaz & ... (FinanzNachrichten)
Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Central District of California on behalf of all purchasers of securities of Impac Mortgage Holdings, ( Nachrichten ) Inc. ("Impac" or the "Company") from May 10, 2006 through August 15, 2007, inclusive (the "Class Period").

Democrats assail Bush on mortgage crisis (The San Luis Obispo Tribune)
Congress' top Democrats demanded quick action on the subprime mortgage crisis, saying President Bush has been slow to address a situation that could cost millions of people their homes. "This is a national crisis. Too bad it's taken so long to realize that we have a crisis," Senate Majority Leader Harry Reid of Nevada said at a joint news conference with House Speaker Nancy Pelosi of California. ...

Democrats assail Bush on mortgage crisis (AP via Yahoo! News)
Congress' top Democrats demanded quick action on the subprime mortgage crisis, saying President Bush has been slow to address a situation that could cost millions of people their homes.

Governor to sign mortgage-related bills (Los Angeles Times)
They are aimed at protecting homeowners and increasing affordable housing but would not stop foreclosures for current borrowers. With Californians facing a torrent of mortgage defaults and home foreclosures, Gov. Arnold Schwarzenegger said Wednesday that he would sign three bills aimed at protecting homeowners and increasing affordable housing.

Bear revamps mortgage unit, cuts 310 jobs (Crain's New York Business)
From the start of the year, Bear Stearns has now reduced it mortgage origination workforce, once 1,500 strong, by 40%.