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Impac Mortgage Holdings Inc. Message Board

aragonsam8 12 posts  |  Last Activity: Jul 4, 2015 11:00 AM Member since: Dec 15, 2008
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  • Despite a short week for trading, and the kind of volatility that is akin to riding on a roller coaster, insiders continued to lay down the capital required to buy stocks. With second-quarter earnings just around the corner, many windows for insiders to make transactions in company stock may be starting to close.
    We cover insider buying each week here at 24/7 Wall St., and the numbers of high level executives and 10% institutional owners adding to positions is in line with recent weeks, but executives looking for big discounts seems to be the rule. Insiders buy stock for many different reasons, but obviously the main one is they work at or closely with the company and like what they see.

    Impac Mortgage Holdings Inc. (NYSE: IMH) kept the 10% owner party rolling. Todd Pickup bought 37,719 shares at prices that fell between $18.01 and $18.96. The total for the buy came to $701,000. The company operates as an independent residential mortgage lender in the United States. Shares closed trading on Thursday at $20.28, so a solid buy

    Sentiment: Strong Buy

  • Reply to

    When is IMH ER?

    by bostonsonics Jun 12, 2015 12:17 PM
    aragonsam8 aragonsam8 Jun 12, 2015 2:22 PM Flag

    The earnings report will probably be early this qtr., just like last qtr. It does not say on there website. I would say on the 22nd or 23rd right after Shareholders meeting. I received my proxy to vote on the 3 issues.
    Annual Meeting of Shareholders for the IMPAC MORTGAGE HOLDINGS, INC. takes place on July 21, 2015. Shareholders as of April 24, 2015, are eligible to cast a proxy vote.
    he annual meeting of stockholders is being held for the following purposes:
    1. To elect a Board of Directors to serve for the ensuing year;
    2. To consider and approve an amendment to the Company’s 2010 Omnibus Incentive Plan to
    increase the number of shares of common stock subject to the plan by 300,000 shares;
    3. To ratify the appointment of Squar, Milner, Peterson, Miranda & Williamson, LLP as the
    independent registered public accounting firm of the Company for the year ending
    December 31, 2015; and
    4. To transact such other business as may properly come before the Meeting or any adjournments
    or postponements thereof.

    Sentiment: Strong Buy

  • Borrowers rush to buy homes as rates spike
    The interest rate sharp jump to the highest level this year caused a sudden surge in mortgage applications. While that may seem counter-intuitive, there's a reason: fear that rates will move even higher.
    Total mortgage application volume jumped 8.4 percent on a seasonally adjusted basis last week from the previous week, according to the Mortgage Bankers Association. The previous week included an adjustment for the Memorial Day holiday.
    "Mortgage application volume rebounded strongly ... indicating that the holiday had a larger impact on business activity than originally assumed," said Mike Fratantoni, the association's chief economist.
    Refinance volume increased 7 percent on the week, and applications to purchase a home jumped 10 percent, both seasonally adjusted. Purchase volume is now 15 percent higher than the same week one year ago, but refinance volume is off nearly 5 percent. The weekly move higher in refinances was likely due to the holiday skewing the trend. Refinances are still lower than they were two weeks ago. This all comes as rates continue to climb.

    Yahoo Finance

    Sentiment: Strong Buy

  • Reply to

    Bought

    by aktienkonto Jun 1, 2015 11:18 AM
    aragonsam8 aragonsam8 Jun 1, 2015 7:51 PM Flag

    Good buy, you should just about double your money after 2nd Qtr. earnings come out in July. Plus when the biggest shareholder (10% Owner) buys in again at @17.11, it just means good things to come

    Sentiment: Strong Buy

  • Reply to

    IMH Files S-3 registration statement 5/28/2015

    by lynel13 May 29, 2015 12:10 AM
    aragonsam8 aragonsam8 May 29, 2015 10:47 AM Flag

    Some 95% of all NYSE Companies have a "Shelf Registration" filed and in effect at all times. The Beauty of an S-3 Shelf is that the Company not only has to "pass muster" with the SEC up front, but has total control over timing and pricing. But at the same time, the SEC rules protect shareholders by putting size restrictions based on shares in the float and stock price.
    The fact they put such a large number on the max size should give comfort that the Company must be anticipating a large salvo of great news in a short period of time.

    Sentiment: Strong Buy

  • Fannie Mae ups estimate of mortgage originations
    http://www.marketwatch.com/story/fannie-mae-ups-estimate-of-mortgage-originations-2015-05-21?siteid=yhoof2

    Sentiment: Strong Buy

  • Reply to

    Ten Year Rate Dropping this morning

    by another.one51 May 15, 2015 9:27 AM
    aragonsam8 aragonsam8 May 15, 2015 11:59 AM Flag

    JPMorgan Bets On Housing, Buys Mortgage Rights
    Just like IMH bought CashCall, JPMorgan is jumping in to the mix buying $45 billion in MSR's

    Sentiment: Strong Buy

  • Reply to

    The article falls short of calling IMH a scam?

    by fbarrera8 May 11, 2015 8:38 PM
    aragonsam8 aragonsam8 May 11, 2015 10:08 PM Flag

    Also, Management does not have to respond to this misleading article as they do not care about this or they do not care about the message boards, that stuff is for us. Of course the shorts are going to write stories and on the message board and the longs will do the same, Management does not care about that stuff, they have their own vision and agenda which is a good one. As for us, we have to do our own Due Diligence and go our own way.

    Sentiment: Strong Buy

  • aragonsam8 aragonsam8 May 10, 2015 5:33 PM Flag

    Yes, I think they did this to payoff CashCall. They already gave CashCall their unregistered shares April 1 and they owe them $10 mil. Not sure if they paid them $5 mil already but I believe IMH will buy most of the Convertible Promissory Notes, payoff CashCall and then turn the rest into shares

    Sentiment: Strong Buy

  • Reply to

    Really hard to get quote

    by fbarrera8 May 8, 2015 2:40 PM
    aragonsam8 aragonsam8 May 8, 2015 3:06 PM Flag

    Maybe Pickup is dumping for a quick profit. Does he have to report if he sells shares since he is a 10% owner??

    Sentiment: Strong Buy

  • Reply to

    Sellers creeping in

    by kngpn_2000 May 5, 2015 3:57 PM
    aragonsam8 aragonsam8 May 6, 2015 6:40 PM Flag

    A lot of great volume the past week and a half. Looks like the short timers bailed out the past 2 days and others bought in at a good price Long people and people that just bought will get rewarded down the road, especially after the 2 Qtr.

    Sentiment: Strong Buy

  • Reply to

    Sellers creeping in

    by kngpn_2000 May 5, 2015 3:57 PM
    aragonsam8 aragonsam8 May 5, 2015 5:09 PM Flag

    It's no big deal, the people that were going to sell at $30 panicked because of bad day on wall street so they unloaded but there was buyers too

    Sentiment: Strong Buy

IMH
21.77+0.22(+1.02%)Jul 27 4:01 PMEDT