Impac’s shift to non-QM helps to reduce fourth-quarter loss

Application volume is flat as refinance activity slows Mortgage application volume rises again on refinance activity. – Mortgage application volume rises again on refinance activity. refinances drove mortgage applications up for the second week as mortgage rates remained low, and overall application volume was at the highest level since June 2013 last week, according to the weekly mortgage bankers association (mba) applications survey released today.

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IRVINE, Calif., March 14, 2019– impac mortgage holdings, Inc. announces the financial results for the quarter and year ended december 31, 2018.

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Walter Investment Management Corp. announced Tuesday morning that it posted a loss in each quarter of 2016, finishing the year with a net loss of $22.2 million in the fourth quarter. That result.

It’s certainly something we would consider during the fourth quarter, we felt that of all the sectors we invest in reducing our 15-year MBS was the best place to start, but – so on the hierarchy of portfolio rotation, that’s how it took place during the fourth quarter, but that’s certainly something we would consider going forward.

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Impac Mortgage Holdings saw its shift to predominantly originate non-qualified mortgage loans reduce its fourth-quarter GAAP net loss along with increasing its gain-on-sale margins. For the quarter, Impac lost $6.4 million, compared with a loss of $45.5 million in the third quarter and $44.9 million for the fourth quarter of 2017.

PHH sinks as low interest rates destroy mortgage servicing – And the company has apparently decided that it won’t let that happen again, as Glen Messina, president and CEO of PHH Corporation, said that the company plans to “evaluate all options to substantially.