The company agreed two weeks ago to sell its AmeriHome Mortgage Corp. subsidiary, which it said had become redundant. Impac lost $4.9 million in the most recent quarter, largely due to a decline.
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Impac Mortgage Holdings announced a deal to sell its AmeriHome Mortgage Corp. subsidiary. The transaction comes at a time when the firm says it’s navigating through a "challenging mortgage market."
In company news Impac Mortgage Holdings, expected to hit $12 billion in originations this year, entered into an underwriting agreement with JMP Securities agreeing to issue and sell 3 million. the.
AmeriHome Sold by Impac. The sale of AmeriHome, which was a redundant mortgage operational platform, will not only improve near term cash balances and profitability but will also help the company to streamline its mortgage operations. The additional cash from the sale will allow the company to continue to build its mortgage servicing portfolio.
Impac Mortgage Holdings. For 2.5-years, the Company has been diligently working to redefine our guidelines and develop a secondary market for these products. Not only have we’ve been able to sell.
IRVINE, Calif.–(BUSINESS WIRE)–Impac Mortgage Holdings, Inc. (NYSE Amex: IMH), a Maryland corporation, or the "Company," reports third quarter 2010 net earnings of $974 thousand, or $0.12.
Impac Mortgage Holdings, Inc. 19500 Jamboree Road | Irvine, CA | 92612 www.ImpacCompanies.com | 800-597-4101
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PART I ITEM 1. BUSINESS Impac Mortgage Holdings, Inc., sometimes referred to herein as the "Company," "we," "our" or "us," is a Maryland corporation incorporated in August 1995 and.
Not intended for distribution to consumers, as defined by Section 1026.2 of Regulation Z, which implements the Truth-In-Lending Act. Licensed by the Department of Business Oversight, under the California Residential Mortgage Lending Act (License #4131083). Impac Mortgage Corp. dba Excel Mortgage. Equal Housing Lender.
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KEYWORDS AmeriHome Mortgage Corp. Fannie Mae Freddie mac impac mortgage holdings. lender Impac Mortgage Holdings announced a deal to sell its seller/servicer subsidiary, AmeriHome Mortgage Corp. The transaction is expected to close in the first quarter of 2014.