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Items Tagged with 'Impac'

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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
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.


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HW 30 dips a bit

Impac ends up, most servicers finish down
Sarah Wheeler
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
Jacob Gaffney and Bryan Kay
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

Paul Jackson
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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