FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Items Tagged with 'Impac Mortgage Holdings'


Impac comes roaring back

Stock soars on earnings news
A tremendously positive earnings report sent Impac Mortgage Holdings’ stock soaring on Friday. The company isn't back to its pre-crisis heights, but it's on its way.
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Non-Qualified Mortgage lending boosts Impac's 3Q earnings

Records 98% increase in origination volumes
“Early indications are very positive for the growing of our Alt-QM pipeline. We believe this will be further strengthened by the recent commitment by several large retail originators, to roll out these products through year end and during the first quarter of 2015,” said Joseph Tomkinson, chairman and CEO of Impac Mortgage Holdings.
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Here's the key to Impac's strong second quarter

Wholesale and correspondent originations increase 38%
Impac Mortgage Holdings reported second-quarter net earnings of $82 thousand or $0.01 per diluted common share after reporting a net loss last quarter, and it was one key element that helped drive lending volume forward.
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Impac Mortgage reports net loss of $3 million for 1Q 2014

Sharp decline in overall mortgage volume but correspondent channel up

Originations decreased 48% from the first quarter of 2013, down to $353.1 million. Impac attributes most of that to the sale of their brick and mortar branches at the end of last year, which accounts for $180 million of the decline.

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HW 30 finishes week higher

Trulia is the big jumper with its stock up 8.52%
After a roller-coaster week in housing, the HW 30 finished up a slight 0.12% Friday, with Trulia posting the largest gain as its stock soared 8.52%.
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