Impac Mortgage Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
March 10, 2022 at 09:05 pm
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Impac Mortgage Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported revenue was USD 14.94 million compared to USD 20 million a year ago. Net income was USD 3.58 million compared to net loss of USD 2.19 million a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to diluted loss per share from continuing operations of USD 0.1 a year ago.
For the full year, revenue was USD 66.32 million compared to negative revenue of USD 8.09 million a year ago. Net loss was USD 3.88 million compared to USD 88.15 million a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to USD 4.15 a year ago.
Impac Mortgage Holdings, Inc. is an independent residential mortgage lender that originates, sells, and services residential mortgage loans. The Companyâs operations include mortgage lending, servicing, portfolio loss mitigation, real estate services, and the management of the securitized long-term mortgage portfolio. Its segments include Mortgage Lending, Long-Term Mortgage Portfolio and Real Estate Services. The Mortgage Lending segment provides mortgage lending products through two lending channels, retail and wholesale and retains mortgage servicing rights. The Long-Term Mortgage Portfolio segment consists of residual interests in securitization trusts. The Real Estate Services segment performs master servicing and provides loss mitigation services for primarily its securitized long-term mortgage portfolio. It provides loss mitigation and real estate services primarily on its own long-term mortgage portfolio, including default surveillance, short sale service, and other services.
IMPAC MORTGAGE HOLDINGS, INC. 