Impac Mortgage Holdings Inc. - IMH- Profile

Impac Mortgage Holdings, Inc.. The Group's principal activities are to acquire, originate and invest non-conforming Alt-A mortgage loans. It operates in four segments: the Long-Term Investment Operations, the Mortgage Operations, the Commercial Operations and the Warehouse Lending Operations. The Long-term Investment operations segment primarily invest in adjustable rate and fixed rate Alt-A mortgages that are acquired and originated by mortgage operations. The Mortgage operations segment acquires, originates, sells and securitizes primarily adjustable rate and fixed rate Alt-A mortgages. The Commercial Operations segment originates commercial mortgages and multi-family mortgages that are primarily hybrid adjustable rate mortgages with initial fixed interest rate periods of two years or more. The Warehouse lending segment operations provide short-term financing to mortgage loan originators by funding mortgages from their closing date until sale to pre-approved investors. The Group is an REIT. A mortgage real estate investment trust, which acquires and originates non-conforming Alt-A mortgage loans