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Impac Mortgage Holdings Inc. Message Board

  • saladanna saladanna May 18, 2011 10:05 AM Flag


    Downer quarter and price selloff. Any IMH investors see good trends in the report. Additional warehouse lines opening, etc... Does it really just come down to stablizing the value of the houses underlying their mortgage portfolio. Does that make this a race against time. I have been buying properties taking advantage of the 4.75% 30 year fixed rates which should eventually look very attractive. I would figure there are others out there with the same mindset. It seems like the best asset to purchase right now (the mortgage rate not so much the house price).

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    • Management of this company has been methodical in following a long term game plan to rebuild the business. The losses for Q-1 would only seem to be temporary as they are investing in a renewed origination network. The fact that the banks are offering more warehouse lines is very positive. Once the housing market works out the issues this company will be there to benefit handsomely earning profits not only from originations, but also from servicing, title premiums etc.

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