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Impac Mortgage Holdings, which used to be a big investor in loans given to people with less-than-perfect credit, was impacted by the subprime mortgage bust of 2007 and has changed its strategy. Impac now concentrates on real estate services and asset management for the mortgage industry. It's a shift from Impac's previous strategy, in which the former real estate investment trust (REIT) primarily invested in Alt-A (one step above subprime) residential mortgages, second mortgages, and mortgage-backed securities. In an effort to remain viable, the company has rolled out a line of new fee-based services including asset management, escrow services, and financial consulting for banks and regulatory bodies.
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| | | Contact Information | |
Address: |
19500 Jamboree Rd.
Irvine, CA 92612-2401
| | Phone: | 949-475-3600 | | Fax: | 949-475-3969 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 56.20 M | | Employees (2008): | 127 | | Employee Growth (1 yr): | (-84.60%) |
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Key People
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Chairman and CEO, Impac Mortgage Holdings, Impac Funding, an:
Joseph R. Tomkinson
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President and Director, Impac Mortgage Holdings and Impac Fu:
William S. Ashmore
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EVP and CFO:
Todd R. Taylor
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