Items Tagged with 'Impac'

ARTICLES

Impac's third quarter originations jump 30%

Retail originations drive growth
Impac’s mortgage origination pipeline didn’t let up in the third quarter, reporting that total originations increased 30%. The latest financial report includes the company’s recent reentry into the public equity markets again after a long stint away following the financial crisis. Looking at the results, Impac performed pretty well in the offering.
Read More

Impac raises $37 million in capital

Took a long break after the financial crisis
Impac finally decided to reenter the public equity markets again after a long stint away following the financial crisis. Impac noted in the news that it plans to reach a target goal of $12 billion in origination for the year, giving it a strong platform to grow on.
Read More

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.
Read More

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.
Read More

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.
Read More

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.


Read More

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.
Read More
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.
Read More