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Article: Investor Alert for Impac Mortgage Holdings Inc.
- Article from:
- M2 Presswire
- Article date:
- February 23, 2007
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Copyright informationCOPYRIGHT 2007 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-23 February 2007-Large Cap News: Investor Alert for Impac Mortgage Holdings Inc.(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:23022007
Impac Mortgage Holdings buys the loans that Fannie and Freddie don't want. This real estate investment trust (REIT) primarily invests in nonconforming residential mortgage loans, second mortgages, and mortgage-backed securities. Focusing on loans that do not qualify for purchase by federal agencies like Fannie Mae and Freddie Mac, the REIT both originates loans and buys them from third parties. Subsidiary Impac Funding buys nonconforming home mortgage loans and sells them to its parent company or other long-term investors. Impac ...
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