Impac Mortgage’s cost-cutting continues, makes major changes
Despite curtailing its non-qualified mortgage volumes in 2022, Impac expects to originate more non-QM products in the broker channel. Additionally, the non-agency originator has decided to wind down its operations in the third-party originations (TPO) channel, citing significant volume and margin deterioration in 2022. Impac said it will continue to “honor its pipeline and related … [Read more…]