How far can lenders push the credit box?

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

Items Tagged with 'Impac Mortgage Holdings'


Here's the key to Impac's strong second quarter

Wholesale and correspondent originations increase 38%
Brena Swanson
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.
Read More

Impac Mortgage reports net loss of $3 million for 1Q 2014

Sharp decline in overall mortgage volume but correspondent channel up
Sarah Wheeler

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.

Read More

Markets mostly unchanged on second to last day of 2013 trading

HW 30 components mostly up, but index pulled down by one stock
Trey Garrison
Housing stocks were mostly up on what has been a solid year of recovery in housing, but traders were still not happy about Impac's decision to cut staff and physical locations to focus more on its online services.
Read More

HW 30 finishes week higher

Trulia is the big jumper with its stock up 8.52%
Brena Swanson
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%.
Read More

Impac Mortgage Holdings to sell AmeriHome Mortgage Corp.

Deal arrives as the mortgage landscape shifts
Kerri Ann Panchuk
Impac Mortgage Holdings announced a deal to sell its AmeriHome Mortgage Corp. subsidiary. The transaction comes at a time when the firm says it's navigating through a "challenging mortgage market."
Read More

Impac chooses new REO management software

HousingWire Staff
Impac Mortgage Holdings (IMH) has selected a new REO process and property management solution from Default Servicing Technologies, the companies said in a statement Thursday. The platform, called DispoSolutions, is a cloud-based REO management software platform that offers property management tools, along with task, date, and closing organization.
Read More

Impac Mortgage Holdings re-enters the warehouse lending business

The sea change continues with firms moving into warehouse, correspondent lending
Lender Impac Mortgage Holdings is the latest firm to shake up its lending operations by announcing plans to re-enter the residential warehouse lending business through a new division, Impac Warehouse Lending.
Read More

Impac Mortgage Holdings narrows 1Q loss, expands originations

Justin T. Hilley
Impac Mortgage Holdings [stock IMH][/stock] reported a net loss in the first quarter of $4.8 million, or a loss of 61 cents a share, shrinking its...
Read More

Correspondent lending shows signs of life

Justin T. Hilley
Correspondent lending is proving it may still have a heartbeat, as smaller lenders are lining up to enter the space in an effort to grab business...
Read More

Mortgage REIT Insider: FBR's Feet Held to the Fire

Patrick Harden
Friedman, Billings, Ramsey Group [stock FBR][/stock] provided a disappointing debut for the third-quarter earnings season. FBR reported a GAAP net loss of $1.12/share and posted a cash operating loss of $1.5 million for the third quarter. Results were weighed down primarily by non-cash marks to the existing MBS portfolio, which swamped the $4.1 million gain realized on the repurchase of outstanding trust preferred.
Read More