| The Yield Hunter Let's make some money and sleep well at night |
| Impac Mortgage A Financial REIT Period End 9/30/2007 |
Copyrights 2006-2007 SGM Publishing |
| Update 11/26/2007 |
Impac Mortgage Holdings, Inc., through its subsidiaries, operates as a mortgage real
estate investment trust (REIT) in the United States. The company acquires, originates,
sells, and securitizes various mortgages. The company's operations include long-term
investment, mortgage, commercial, and warehouse lending. The long-term investment
operations primarily invest in adjustable rate and fixed rate Alt-A mortgages and
commercial mortgages that are acquired and originated by its mortgage and commercial
operations. The long-term investment operations retain adjustable rate and fixed rate
Alt-A mortgages that are acquired and originated by its mortgage operations, as well as
invests in commercial mortgages that are primarily adjustable rate mortgages. Its
long-term mortgage portfolio consists of mortgages held as securitized, collateral, and
mortgages held-for-investment. The mortgage operations acquire, originate, sell, and
securitize primarily Alt-A adjustable rate mortgages and fixed rate mortgages from
correspondents, mortgage brokers, and retail customers. Correspondents include savings
and loan associations, commercial banks, and mortgage bankers. The commercial
operations originate commercial mortgages, primarily adjustable rate mortgages with initial
fixed interest rate periods. The warehouse lending operations provide short-term
financing to mortgage loan originators, including the mortgage and commercial
operations, by funding mortgages from their closing date until sale to pre-approved
investors. Impac Mortgage Holdings has elected to be treated as a REIT for federal
income tax purposes and would not be subject to federal income tax, if it distributes at
least 90% of its REIT taxable income to its stockholders. The company was founded in
1995 and is headquartered in Irvine, California.
estate investment trust (REIT) in the United States. The company acquires, originates,
sells, and securitizes various mortgages. The company's operations include long-term
investment, mortgage, commercial, and warehouse lending. The long-term investment
operations primarily invest in adjustable rate and fixed rate Alt-A mortgages and
commercial mortgages that are acquired and originated by its mortgage and commercial
operations. The long-term investment operations retain adjustable rate and fixed rate
Alt-A mortgages that are acquired and originated by its mortgage operations, as well as
invests in commercial mortgages that are primarily adjustable rate mortgages. Its
long-term mortgage portfolio consists of mortgages held as securitized, collateral, and
mortgages held-for-investment. The mortgage operations acquire, originate, sell, and
securitize primarily Alt-A adjustable rate mortgages and fixed rate mortgages from
correspondents, mortgage brokers, and retail customers. Correspondents include savings
and loan associations, commercial banks, and mortgage bankers. The commercial
operations originate commercial mortgages, primarily adjustable rate mortgages with initial
fixed interest rate periods. The warehouse lending operations provide short-term
financing to mortgage loan originators, including the mortgage and commercial
operations, by funding mortgages from their closing date until sale to pre-approved
investors. Impac Mortgage Holdings has elected to be treated as a REIT for federal
income tax purposes and would not be subject to federal income tax, if it distributes at
least 90% of its REIT taxable income to its stockholders. The company was founded in
1995 and is headquartered in Irvine, California.
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