Skip to main content

Impac Mortgage Re-enters NON-QM Market

Navi Persaud
Oct 02, 2020
Keys in an open door.

Impac Mortgage Corp. announced its re-entry into the Non-QM lending market. Impac is now offering Bank Statement, Agency Plus, Investor and Asset Qualification loans with 48-hour underwriting decisions and loan limits as high as $3 million and cash-outs up to $2 million, according to a press release.

“Impac intends to participate in Non-QM and other originations in the same thoughtful and risk-focused way as in the past," said Impact chief production officer, Brian Robinett. "Impac has a storied history around alternative credit, being a pioneer in both the Alt-A and Non-QM space. We continue to have a strong appetite around Non-QM and continue to pay attention to the overall investor landscape, borrower behavior and appropriate risk-based pricing for these products."

The company previously announced its intentions to re-launch the Non-QM program back in August, during a 2Q earnings call.

Oct 02, 2020
Rocket Launches Visa Signature Card

Rocket says its first-of-its kind credit card will help clients save on home purchases and homeowners pay off mortgages.

Guild Mortgage Acquires Cherry Creek Mortgage

Terms of purchase not disclosed; reverse mortgage volume added to Guild.

Mar 14, 2023
Vigilance, Dedication, And Commitment Forge Legends

Submit a nomination for Mortgage Banker Magazine’s Legends of Lending.

Mar 10, 2023
FTC Moves To Block Black Knight, ICE Merger

Says it 'would drive up costs, reduce innovation, and reduce lenders’ choices.'

Mar 09, 2023
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Jan 26, 2023