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Impac Mortgage Holdings, Inc. Announces Results Of Second Quarter 2012

The following table includes the service retained loan sales for the periods presented (in millions):

    For the Three Months     For the Six Months
Ended June 30, Ended June 30,
2012   2011 2012   2011
Fannie Mae and Freddie Mac $ 333.6 $ 12.8 $ 582.8 $ 15.9
Ginnie Mae Securities Issuances   125.5   16.7   203.4   19.4
Total $ 459.1 $ 29.5 $ 786.2 $ 35.3
 

The Company continues to focus on originating Fannie Mae, Freddie Mac, and government loans as it believes that having the ability to sell loans direct to Fannie Mae, Freddie Mac, and issue Ginnie Mae securities makes it more competitive in the overall mortgage origination market with regard to products, pricing, operational efficiencies and overall recruitment of higher quality loan originators.

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