Although Impac Mortgage Holdings lost $142.8 million over the past two quarters, company management continues to be bullish on its future, laying the groundwork for a further expansion into the non-qualified loan market.
One New Jersey-based loan officer told IMFnews, “It’s very un-nerving right now.” He noted that on a recent workday he had account executives from three different companies come into his office. “One of them, I hadn’t seen in a year.”