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    President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country. Click the headline to read more.

Items Tagged with 'Impac Mortgage Holdings'

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  • Impac Mortgage Holdings hires two senior vice presidents

    Impac adds SVPs of corporate strategy, chief risk officer
    Impac Mortgage Holdings announced Thursday it has added two SVPs to its senior management team. Libby Cooper, formerly the head of mortgage operations at Clara Lending, has been hired as SVP of corporate strategy, and Tiffany Entsminger, who joins the company from loanDepot, has been hired as SVP, chief risk officer.
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  • Impac Mortgage CEO and Chairman Joseph Tomkinson is stepping down

    Company expects to name George Mangiaracina as new CEO
    Joseph Tomkinson, the CEO and chairman, of Impac Mortgage Holdings, is stepping down later this year, the company announced recently. Tomkinson has led the company since it went public in 1995. Impac said that it expects to elevate George Mangiaracina, who it recently named president, to CEO when Tomkinson steps down.
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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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