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Category: Impac Mortgage Announcements

IMPAC Correspondent Debuts iQM at the 2016 MBA Secondary Conference

Category | Correspondent Lenders | Correspondent Lending News | Impac Mortgage Announcements
iQM-MBA Secondary Conference 2016 The secret is out. IMPAC Mortgage introduced iQM - the next evolution of AltQM™ at the 2016 MBA Secondary Conference in New York. iQM brings something the mortgage industry has needed for a long time – an even better way to serve creditworthy borrowers who don’t qualify under conventional loan guidelines. iQM adds a human element into underwriting to help identify borrowers who have a strong ability and willingness to pay. Conference attendees learned that they will soon have acces
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Freddie Mac receives largest-ever insurance policy

Category | Correspondent Lenders | Correspondent Lending News | Financial Regulations | Impac Mortgage Announcements | Loan Resources
Freddie Mac recently received its largest insurance policy ever. In a recent press release, Freddie Mac revealed that it has acquired an insurance policy worth more than half a billion dollars, making it the largest insurance policy the corporation has ever received. This policy brings the total insurance coverage Freddie Mac has obtained this year to about $2.2 billion. It was only about a month ago that Freddie Mac received its previous "largest insurance policy ever," which also reached over half a billion dollars and transferred a substantial amoun
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What’s ahead for the housing market in 2016

Category | Correspondent Lenders | Correspondent Lending News | Financial Regulations | Impac Mortgage Announcements | Loan Resources
The housing market continues to lack young, first-time buyers

In mid-November, the National Association of Realtors gathered for a conference in San Diego to discuss where the housing market is headed in 2016. Economists discussed both the advantages and limitations that a buyer or mortgage investor could face in the upcoming year. The major takeaway: Despite growing concerns for rising property costs, home sales are expected to continue rising, albeit more slowly, in 2016. 

The forecast The star of the conference seems to have be
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Impac Mortgage Holdings, Inc. Announces Acquisition of CashCall’s Mortgage Operations

Category | Impac Mortgage Announcements
Impac Mortgage Holdings, Inc. Announces Acquisition of CashCall’s Mortgage Operations Irvine, CA, January 8th, 2015 -- Impac Mortgage Holdings, Inc. (NYSE MKT: IMH)(“Impac” or the “Company”), is pleased to announce its subsidiary, Impac Mortgage Corp., has signed a definitive agreement to acquire the mortgage operations of CashCall, Inc. (“CashCall”).  In 2013, CashCall’s mortgage division was ranked by the Mortgage Bankers Association as the 31st largest residential mortgage originator with approximately $6.5 billion in total originations.  In the fourth quarter
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Chinese investment remains a major force in U.S. real estate

Category | Correspondent Lending News | Impac Mortgage Announcements
Chinese investment has a huge impact on U.S. real estate.

Foreign investors have been a huge part of the U.S. housing market's recent growth, and they will remain a major force despite shifting economic conditions that could bring more domestic buyers into key markets. 

When it comes to foreign investment in U.S. homes, one country stands above the rest: China. Investors from China purchase more U.S. homes than any other foreign national group and the total dollar value of their purchases far exceeds the investment from other nations.

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Impac Mortgage Corp. announces the addition of George A. Mangiaracina

Category | Impac Mortgage Announcements
Impac Mortgage Corp. announces the addition of George A. Mangiaracina Impac Mortgage Corp. is pleased to announce that George A. Mangiaracina has joined the firm's senior management team as Executive Vice President and Managing Director.  George will report directly to CEO Joe Tomkinson and will spend time between our Irvine Headquarters and a newly created satellite office in New York City. George will participate on the Executive, Risk and Capital Markets Committees and will be a member of the CashCall Transition Team.  In addition, George will work closely w
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3 Irvine industry leaders chosen for MPA’s Hot 100

Category | Impac Mortgage Announcements
3 Irvine industry leaders chosen for MPA's Hot 100 Three people from Irvine, California-based companies have just received one of the mortgage industry’s highest honors. Don Currie, president of HighTechLending; Erika Macias-White, co-founder and senior vice president of operations at HighTechLending; and Bill Ashmore, president of Impac Mortgage, have been named as three of Mortgage Professional America Magazine’s Hot 100 for 2015. This list, compiled annually, honors 100 people who have made waves in the mortgage industry over the last ye
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Bank statement program: Ideal for the self-employed homebuyer

Category | Impac Mortgage Announcements
Bank statement program: Ideal for the self-employed homebuyer It's a simple but sometimes unfortunate truth of the post-recession mortgage market: Borrowers whose incomes are less documented have a more difficult time qualifying for a traditional home loan. The terms of the Qualified Mortgage rule and other regulatory measures have necessitated that most lenders err on the side of due diligence, which often means loan candidates must meet specific, high-barred criteria. Fortunately, alternatives are emerging. Impac Mortgage Corp. Correspondent recently un
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© 2017 Impac Mortgage Corp. NMLS #128231. www.nmlsconsumeraccess.org. Rates, fees and programs are subject to change without notice. Other restrictions may apply. Information is intended solely for mortgage bankers, mortgage brokers, financial institutions and correspondent lenders. 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). In the state of New York, Impac Mortgage Corp. dba Excel Mortgage. Equal Housing Lender.