This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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

The following table represents volume by channel for the presented periods (in millions):

    For the Three Months Ended
June 30, 2012,   March 31, 2012
2012 2012
Wholesale Fundings $ 303.8 $ 203.0
Retail Fundings 132.4 125.7
Correspondent Fundings 81.9 24.7
Brokered   13.8   11.6
Total Originations $ 531.9 $ 365.0
 

For the three and six months ended June 30, 2012, the real estate services segment had net earnings of $4.0 million and $7.0 million, respectively, compared to $4.6 million and $8.3 million in the comparable period in 2011. During the three and six months ended June 30, 2012, real estate service fees decreased to $6.1 million and $11.0 million, respectively, as compared to $12.0 million and $23.5 million for the three and six months ended June 30, 2011, respectively, due to a decline in the long-term mortgage portfolio and the associated real estate and recovery activities and decrease in title and escrow fees. With the sale of the title insurance company in 2011, both title and escrow fees declined to zero during the three and six months ended June 30, 2012, as compared to $4.7 million and $9.0 million, respectively, as well as related expenses for these business activities declined as compared to the same periods in 2011. As expected the real estate service activities and revenues declined as lending activities and revenues increased from the recent expansion of the mortgage lending business.

4 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,535.43 -62.77 -0.36%
S&P 500 2,098.33 +0.29 0.01%
NASDAQ 5,116.2140 +0.8320 0.02%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs