Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S
Lending

Impac Mortgage breaks into warehouse lending

Mortgage firm broadens horizon, adds new division

horizon

Impac Mortgage (IMH) is broadening its horizon and re-entering the residential warehouse lending business through its new division, Impac Warehouse Lending.

Impac Warehouse Lending will be financing high loan-to-value HARP products, up to 150% LTV, with warehouse lines from $3 million to $10 million.

Additionally, the new team has more than 15 years experience and the new division is expected to be fully operational in September.

“We are very excited to have secured funding to re-establish a warehouse lending division, which was so successful for the Company previously,” Joseph Tomkinson, chairman and CEO of Impac Mortgage, said.

“Offering warehousing lines of credit to many of our customers ties them closer to us, helps them grow, increases our correspondent production and results in higher profitability,” he added. 

Recent Articles by Brena Swanson

Comments powered by Disqus