Impac Mortgage Shrinks Office Footprint - Orange County Business Journal ocbj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ocbj.com Daily Mail and Mail on Sunday newspapers.
In its last full quarter using a mortgage banker business model, the company originated just $21.5 million, well down from $759.4 million one year prior.
Impac had another loss in the Q3 of 2022, leading it to adopt a defensive, risk-off posture as it navigates one of the most challenging markets in decades.