Avista Solutions partners with Interthinx; experiences record growth

May 30, 2007

Impac agrees to buy Pinnacle Financial assetsMortgagePress.comMortgage company mergers Impac Funding Corporation has entered into a definitive agreement to acquire certain assets comprising the retail and wholesale lending platform of Pinnacle Financial Corporation. As part of the transaction, Impac Funding Corporation will acquire the operating assets of the Pinnacle mortgage lending platform and assume certain lease liabilities, including leases related to Pinnacle's retail and wholesale lending office. Impac Funding Corporation is a subsidiary of Impac Mortgage Holdings Inc., a mortgage real estate investment trust based in Irvine, Calif. For more information, call (800) 597-4101 or visit www.impaccompanies.com. Pinnacle Financial Corporation is a mortgage lender based in Orlando, Fla. For more information, call (800) 421-5626 or visit www.pinnaclefinancial.com.

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May 30, 2007

Analysis and Data

Mortgage Industry Despairs Over Positive Jobs Report

Leading to 'crushed' expectations of another significant rate cut

The September jobs report came back with flying colors, adding far more jobs than Wall Street economists projected while the unemployment rate ticked down, leading to what can only be called a crushing defeat for mortgage professionals. In response, the average rate for the ...

People On The Move

Pennymac Shakes Up Capital Markets Team

William Chang, Pennymac’s long-time capital markets leader, to "pursue other interests in the mortgage banking industry."

PennyMac Financial Services, Inc. and PennyMac Mortgage Investment Trust announced Thursday that William Chang will step down from his roles as Senior Managing Director and Chief Capital Markets Officer at PFSI, and Senior Managing Director and Chief Investment Officer at PM...