News

Impac raises $56M in plan to securitize non-QM loans

Fri April 21, 2017

Impac Mortgage Holdings sold $56 million of its common stock as part of a plan to securitize non-qualified mortgage loans.

“The new capital will be used to continue to expand the growth of our servicing portfolio and assist us on our anticipated return to the securitization market with our rapidly growing non-QM production. Additionally, this capital gives us the ability to continue to expand into diversified income platforms and take advantage of strategic opportunities presented to us,” Impac Chairman and CEO Joseph Tomkinson said in a press release.

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