Impac Mortgage Holdings Inc., a Maryland corporation, has announced that its common stock has been approved for listing and has begun trading on the NYSE Amex under the ticker symbol IMPM. The company has also announced that the California Department of Insurance approved the acquisition of a title insurance agency and escrow operations. Upon the approval, the company acquired the operations and its offices effective Dec. 31, 2009. The title insurance company services California and selected national markets and is integrated into the company’s services platform providing more solutions to the mortgage and real estate markets.
Joseph R. Tomkinson, chairman and chief executive officer of Impac Mortgage Holdings Inc., commented that, “The company is excited to once again be a part of the New York Stock Exchange family. We believe that being listed on the exchange will provide our shareholders more liquidity in trading our stock as well as increased visibility for the company. This accomplishment combined with the completion of the acquisition of the title insurance company is yet another milestone for the company.”
For more information, visit www.impaccompanies.com.