Items Tagged with 'Impac Mortgage'

ARTICLES

  • California warns residents of scammer pretending to be Impac Mortgage Corp.

    Using Impac CEO Joseph Tomkinson’s name
    California residents should be on the lookout for a scam involving someone contacting them and pretending to be Impac Mortgage Corp., the state’s financial regulator said recently. According to the California Department of Business Oversight, the scammer is ending unsolicited emails to residents, offering them loans.
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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'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 Mortgage’s profits rebound from last year’s low

    Adjusts estimations for CashCall Mortgage
    Impac Mortgage Holdings significantly rebounded from a year ago, reporting second-quarter net earnings of $16.8 million, or $1.33 per diluted common share, compared to net earnings of $82 thousand or $0.01 per diluted common share for the second quarter of 2014.
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  • The secret to Impac’s mortgage market success

    Lender posts 82% growth in last three months
    Impac Mortgage stock performed very well in the market over the past three months. And while most lenders are getting a boost from the current low-rate environment, it’s not the only thing keeping Impac’s stock in demand.
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  • Macquarie funds Impac non-QM originations

    Fuels expansion into non-qualified mortgage space
    “Our successful history originating this type of product, combined with our relationship with Macquarie, will allow Impac to make an immediate impact in the non-qualified mortgage space,” Joseph Tomkinson, chairman and CEO of Impac, said.
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  • Is non-QM lending the future of housing?

    Lenders begin offering non-agency products
    Now that it's been six months since the CFPB's Qualified Mortgage requirements went into effect, lenders are starting to look into the unchartered territory of non-QM lending, finding that there is, in fact, demand.
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  • Impac, HomeAdvisor partner to provide lending services

    Agreement leverages the strengths of both
    "HomeAdvisor is a cutting-edge resource in the home industry which Impac Mortgage is proud to further serve, educate and provide mortgage product solutions to meet consumers' unique needs," said Bill Ashmore, co-founder and president of Impac Mortgage.
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  • Impac Mortgage announces bold strategic shift

    Closing 23 brick-and-mortar retail centers, cutting 180 staff
    In a bold strategic shift, Impac Mortgage Holdings announced this morning that it is planning to sell its active "brick and mortar" retail lending branches and lay off 180 employees in an effort to centralize lending operations and focus instead on its online lending operation.
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