Tag: Impac Mortgage losses
Impac Mortgage Holdings Is Going Broker
Impac Mortgage Holdings Is Going Broker. Company Says Desperate Times Require Drastic Changes Starting With Winding Down It’s TPO Channel Impac Mortgage Holdings is going broker. The company announced major changes Wednesday. It said it was converting to a mortgage broker model. In addition, Impac announcing plans to “wind down” its third-party origination channel. It…
Impac Mortgage Holdings Fires 47 Percent Of It’s Employees
Impac Mortgage Holdings Fires 47% Of Its Employees After Posting $13 Million Loss In 3rd Quarter Of 2022 Impac Mortgage Holdings had a $13 million loss in the third quarter of 2022. This is leading leadership to adopt a defensive posture. They need to try and navigate one of the most challenging markets in decades….
Impac Mortgage Holdings Posts Ugly 2nd Quarter Results
Impac Mortgage Reports $13.5 Million Loss In Second Quarter. Company Blames Lack OF Housing Inventory Another mortgage lender is reporting taking a hit in their profit margins. Add Impac Mortgage Holdings to the list of mortgage lenders that posted a loss in the second quarter of 2022, As a result, Impac have opted to break with the…