19500 Jamboree Rd.
Irvine, CA, 92612 United States
(949) 475-3600
http://www.impaccompanies.com
Did you feel the impact of the mortgage bust? Impac Mortgage Holdings did. The company was formerly a real estate investment trust that invested in primarily Alt-A (one step above subprime on the creditworthiness scale) residential mortgages, second mortgages, and mortgage-backed securities. As the credit markets fell and loan defaults rose, Impac switched gears and began offering fee-based real estate and asset management services to lenders, borrowers, servicers, and investors. Its Integrated Real Estate Services subsidiary offers mortgage lending, portfolio monitoring, and title and escrow services. Through Exel Mortgage, the company once again began funding conforming residential mortgages in 2010.