Impac’s shift to non-QM helps to reduce fourth-quarter loss

Impac’s shift to non-QM helps to reduce fourth-quarter loss Impac Mortgage Holdings saw its shift to predominantly originate non-qualified mortgage loans reduce its fourth-quarter gaap net loss along with increasing its gain-on-sale margins.

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IRVINE, Calif., March 14, 2019 — Impac Mortgage Holdings, Inc. (NYSE American: IMH) (the Company) announces the financial results for the quarter and year ended December 31,

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10-Q: IMPAC MORTGAGE HOLDINGS INC – However, we expect our correspondent customers to begin delivering loans that meet our AltQM program guidelines during the fourth quarter of 2014 and first. In our opinion, as the demand by.

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Impac Mortgage Holdings, Inc. Announces Year End 2018 Results – For the fourth quarter of 2018, the Company reported a net (loss) of $(6.4) million. As a result of the reduction in loan origination volumes, we continue to reduce overhead to more closely align.

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Impac’s shift to non-QM helps to reduce fourth-quarter loss Core earnings were $11.9 million or $0.12 per common share up from $0.11 in the fourth quarter of 2018. GAAP net income was a loss of $22 million or $0.23. room to focus our acquisition appetite on.