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November 21st, 2011

Spotlight on REITs: Imperial Mortgage Holdings INC

(Money Manager) - Imperial Mortgage Holdings INC: This past Real Estate Investment Trust Company gave out loans and mortgages to commercial properties and residential homes, as well as buying mortgages from other brokers and companies. In the companies last years of public trading it saw a drastic drop in profits and shareholders alike, in fact in 1998 its shares plummeted down 21% and then in 1999 the company sold $250 million dollars worth or collateral loans to pay off an existing line of credit, allowing the company to continue on for a while longer.

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