IMPAC Mortgage Holdings, Inc.
Impac Mortgage Holdings, Inc., (Impac Mortgage) is a US based mortgage real estate investment trust (REIT). The company is principally engaged in the long-term investment operations. Through its long- term investment operations, It principally invest in non-conforming Alt A mortgage loans (Alt-A), and to a lesser extent, small balance commercial and multifamily loans. Impac Mortgage includes long-term investment operations and the warehouse lending operations. It is also engaged in providing the real estate services and the asset management solutions to the mortgage industry. . The company`s principal operating subsidiaries, includes IMH Assets Corp., Impac Warehouse Lending Group, Inc., and Impac Funding Corporation, along with its fully owned subsidiaries, Impac Secured Assets Corp., Impac Commercial Capital Corporation. Impac Mortgage is headquartered at California, the US.The company reported revenues of (U.S. Dollars) USD 1,476.97 million during the fiscal year ended December 2008, an increase of 20.59% over 2007. The operating profit of the company was USD 13.73 million during the fiscal year 2008, whereas the company reported an operating loss of USD 1,344.20 million during 2007. The net loss of the company was USD 44.72 million during the fiscal year 2008, as compared to a net loss of USD 2,047.09 million during 2007.