White House absolutely wrong to threaten veto of TRID bill

White House absolutely wrong to threaten veto of TRID bill

A weakened administration looks to flex itself for no good reason

White House threatens to veto TRID grace period bill

Calls hold harmless period ‘unnecessary delay’

Mortgage applications skyrocket more than 25%

Big pre-TRID rush boosted final week of September

Items Tagged with 'Impac'


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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Impac in talks to acquire mortgage origination business

Complements growth in its new ALT QM loan programs
Impac has made great strides in growing its mortgage origination business this year, with extra emphasis on its ALT QM loan programs. And according to a new filing, the growth is far from over, with the lender in talks to acquire more.
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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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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 dips a bit

Impac ends up, most servicers finish down
It was an eventful day for the housing finance market on Tuesday, with Rep. Mel Watt officially confirmed as the next leader of the FHFA. Not long after his confirmation became a likely conclusion, the HW 30 finished down.
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From HW Magazine

No breaking on Impac

The inside story of how Impac Mortgage stared down the greatest industry crisis of our time, and lived to tell about it
Bill Ashmore doesn’t want to date himself. But he does. And he really, really does when he recalls a time in the mortgage business when work happened before the advent of the computer. Back then, when Ashmore started, scanning the room of a mortgage office likely meant a visual presentation that in 2013 appears like a scene from Argo.
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Freddie to the Rescue: Alt-A Purchase Commitment Means Additional Liquidity

Hat tip to Blown Mortgage's Morgan Brown, who forwarded me a copy of a press advisory yesterday from Freddie Mac regarding the GSE's move to inject additional liquidity into the troubled Alt-A lending market. In the statement, senior vice president Paul Mullings said Freddie will seek to provide some relief to seized-up Alt-A markets by purchasing more Alt-A loans on a forward basis:
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