Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

Fannie, Freddie settlements eat into PNC earnings

Earnings barely move from 4Q13

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
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