Items Tagged with 'Impac Mortgage Holdings'

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  • Impac president Bill Ashmore stepping down after 22 years

    Served as president since 1995, chief operating officer for more than 10 years
    Impac Mortgage Holdings announced recently that its long-time president, Bill Ashmore, will be stepping down this year after serving as president since 1995. According to Impac, Ashmore “intends to pursue other interests both personal and professional.”
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  • Impac Mortgage raises $56 million to expand non-QM production, servicing portfolio

    CEO on future growth for Impac
    Impac Mortgage Holdings announced its second stock offering in roughly seven months as it plans to continue fueling its already growing servicing and non-qualified mortgage production. Impac’s involvement in non-QM production and servicing isn’t new, but as Joseph Tomkinson, chairman and CEO of Impac Mortgage, stated, both are growing.
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  • Impac reports best year in more than a decade

    Mortgage originations surge
    Impac Mortgage Holdings locked in a record financial year on Thursday, recording adjusted operating income of $96.9 million, or $6.52 per diluted common share, for all of 2016. This is significantly up from a year ago and a big contributor to this growth was purchase originations.
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  • 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.
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  • 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.
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  • 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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