| Business Summary | | Impac
Mortgage
Holdings,
Inc.
is
a
mortgage
real
estate
investment
trust
(REIT)
that,
together
with
its
subsidiaries
and
related
companies,
primarily
operates
three
businesses:
the
Long-Term
Investment
Operations,
the
Mortgage
Operations
and
the
Warehouse
Lending
Operations.
The
Long-Term
Investment
Operations
invests
primarily
in
non-conforming
residential
mortgage
loans
and
securities
backed
by
such
loans.
The
Mortgage
Operations
purchases
and
sells
and
securitizes
primarily
non-conforming
mortgage
loans.
The
Warehouse
Lending
Operations
provides
warehouse
and
repurchase
financing
to
originators
of
mortgage
loans.
The
Company's
subsidiaries
are
IMH
Assets
Corporation,
Impac
Warehouse
Lending
Group,
Inc.
and
Impac
Funding
Corporation
(IFC).
Impac
Secured
Assets
Corporation
is
a
wholly
owned
subsidiary
of
IFC. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Impac
Mortgage
Holdings
is
a
real
estate
investment
trust
that
operates
three
businesses:
Long-Term
Investment,
Conduit,
and
Warehouse
Lending.
For
the
six
months
ended
6/30/01,
interest
income
rose
12%
to
$77.1
million.
Net
income
before
acct.
change
and
extraordinary
item
and
applicable
to
Common
totaled
$13.7
million
vs.
a
loss
of
$62.8
million.
Revenues
reflect
the
increase
in
average
balance
of
mortgage
assets.
Earnings
benefited
from
lower
write-down
on
investment
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Tomkinson, 53 Chairman,
CEO | $665K | William Ashmore, 51 Pres,
Director | 570K | Richard Johnson, 38 Exec.
VP and CFO | 151K | Ronald Morrison, 50 Gen.
Counsel and Sec. | 240K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|