AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Impac Drops '07 Earnings Guidance.(Impac Mortgage Holdings Inc.)(Financial report)(Brief article)

Mortgage Servicing News

| August 01, 2007 | COPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

IRVINE, CA -- Impac Mortgage Holdings here, a mortgage REIT, said it will not pay a dividend in the second quarter as the company struggles to cope with higher-than-expected losses on real estate-owned.

The company had previously planned to expedite the sale of its REO and in making the dividend decision said it hopes that the acceleration of REO sales via auctions will reduce the loss rate and preserve capital over the long run.

Joseph Tomkinson, Impac's chairman and CEO, said in a news release that the company decided to expedite REO sales in light of increased delinquencies, REO and loan losses.

"Although we are seeing charge-offs at levels higher than we ...

Related articles from newspapers, magazines, journals, and more
Impac Mortgage Holdings, Inc. Announces Proposed Offering of 3.75 Million...
Press release article from: PR Newswire November 12, 2004 700+ words
Impac Mortgage Holdings, Inc. , or the "Company...shelf registration statement of Impac Mortgage Holdings, Inc. UBS Investment Bank is...prospectus supplement. About Impac Mortgage Holdings, Inc. Impac Mortgage Holdings...
In- Depth Research on Impac Mortgage Holdings Inc.
Press release article from: M2 Presswire June 18, 2007 700+ words
...Cap News: In- Depth Research on Impac Mortgage Holdings Inc(C)1994-2007 M2 COMMUNICATIONS...18062007 In- Depth Research on Impac Mortgage Holdings Inc (NYSE:IMH) Impac Mortgage Holdings, Inc., through its subsidiaries...
Impac Mortgage Holdings, Inc. Announces Date for Declaration of Fourth Quarter...
Press release article from: PR Newswire December 9, 2005 700+ words
...PRNewswire-FirstCall/ -- Impac Mortgage Holdings, Inc. ("IMH" or the...Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc. commented, "The...impaccompanies.com/ under Impac Mortgage Holdings, Inc. /Stockholder Relations...
Lerach Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit...
Press release article from: Business Wire January 27, 2006 700+ words
...of California on behalf of purchasers of Impac Mortgage Holdings, Inc. ("Impac Mortgage") (NYSE:IMH) publicly traded securities...absent class member. The complaint charges Impac Mortgage and certain of its officers and directors...
Impac Mortgage Holdings, Inc. Invites You to the Live Webcast of its...
Press release article from: Business Wire June 19, 2003 700+ words
...WIRE)--June 19, 2003 Impac Mortgage Holdings, Inc. (NYSE:IMH...Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc. This call is being...and can be accessed at the Impac Mortgage Holdings Inc. web site at www...
Impac Mortgage Holdings, Inc. Announces Pricing of 3.75 Million Common Shares...
Press release article from: PR Newswire November 18, 2004 700+ words
Impac Mortgage Holdings, Inc. , or the "Company...shelf registration statements of Impac Mortgage Holdings, Inc. The public common stock...212-272-2000). About Impac Mortgage Holdings, Inc. Impac Mortgage Holdings...
Impac Mortgage Holdings, Inc. Hires Andrew McCormick as Executive Vice...
Press release article from: PR Newswire November 9, 2006 700+ words
...PRNewswire-FirstCall/ -- Impac Mortgage Holdings, Inc. , or the "Company...Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc. commented, "With...at Morgan Stanley. About Impac Mortgage Holdings, Inc. Impac Mortgage Holdings...
Impac Mortgage Holdings, Inc. Announces Charitable Contribution To Victims of...
Press release article from: PR Newswire November 7, 2003 700+ words
...Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc. , or the "Company...of all the employees of Impac Mortgage Holdings, Inc., we are deeply...across the United States. Impac Mortgage Holdings, Inc. Impac Mortgage Holdings...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA