Impac Mortgage Holdings Inc.
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The Newport Beach real estate investment trust said net earnings for the third quarter were $5.4 million, or 22 cents a share, contrasted with a net loss of $20.6 million, or 85 cents a share, for the 1998 third quarter. The company also said it anticipates launching its Internet automated loan approval system, called Impac Direct Access System for Lending, during the fourth quarter.
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