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…
Impac Mortgage is switching to a broker system, winding down its TPO business, and excusing itself from working with the GSEs. The company announced major changes in a business update this week. The company repositioned its retail consumer direct lending division into a mortgage broker fulfillment model. “The shift to a broker model allows the…
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