Impac Mortgage Delisted From NYSE American

Impac Mortgage’s common stock has been delisted from the New York Stock Exchange as the lender switches gears. In an announcement Wednesday, officials at the exchange said Impac’s stock would be suspended immediately while the delisting proceedings are underway. According to NYSE, Impac is not in compliance with the $2 million, $4 million, and $6 million shareholders’ equity requirements (Section 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide). “Because the Company informed the NYSE American in its required quarterly plan update that it cannot continue to demonstrate an ability to return to compliance by February 26, 2024, which was the date the NYSE American originally granted the Company to regain compliance with the NYSE American’s continued listing standards,…

Guaranteed Rate Names New Divisional Managers

Guaranteed Rate has appointed two new Divisional Managers, the company announced in a press release. Ryan Ogata, who joined Guaranteed Rate in 2017, has been named Divisional Manager overseeing the Northwest market, including Alaska, Oregon, Washington, and Northern California. Ogata previously served as a regional manager. Guaranteed Rate’s loan volume in Northern California rose more than 600% in the four years since he joined the company. “Guaranteed Rate offers best-in-class technology, service, and sales leadership, which allows our teams to expand their presence in our markets and better serve homebuyers throughout the entire mortgage process,” said Ogata. “I’m excited to continue recruiting and developing top talent in sales and operations.” Tim Sorenson, who also joined the company in 2017, has…