Impac Mortgage Holdings Reit (IMH)

  • Noch was fürs Häusle Hypo-Kredit-Geschäft *smile* *dirol*

    Verkäufe bestehender US-Häuser steigen im Mai kräftig

    Kategorien: News Nordamerika | Wirtschaftsdaten Nordamerika | Uhrzeit: 16:09

    WASHINGTON (Dow Jones) - Die Zahl der Verkäufe bestehender Häuser in den USA ist im Mai verglichen mit dem Vormonat um saisonbereinigt 5,1 Prozent auf einen Jahreswert von 5,35 Millionen gestiegen. Das ist der stärkste Anstieg seit November 2009. Volkswirte hatten nur mit einem Anstieg um 4,2 Prozent auf 5,25 Millionen gerechnet.


    Die Erstkäufer hätten ihre Kauftätigkeit verstärkt, erklärte die National Association of Realtors (NAR). Als hilfreich erweise sich dabei das Jobwachstum und der bessere Zugang zu Hypotheken.


    Die Verkäufe von bestehenden Häuser machen mehr als 90 Prozent des Absatzvolumens am US-Häusermarkt aus, die übrigen sind Neubauten. Der Medianpreis eines bestehenden Hauses betrug im Mai 228.700 Dollar und damit 7,9 Prozent mehr als im Vorjahresmonat. Der Bestand unverkaufter Häuser wurde auf 5,1 Monatsangebote beziffert.


    Kontakt zum Autor: konjunktur.de@dowjones.com


    DJG/apo/jhe


    Copyright (c) 2015 Dow Jones & Company, Inc.

    Emil

  • News aktuell:


    IRVINE, Calif.--(BUSINESS WIRE)--


    Impac Mortgage Holdings, Inc. (NYSE MKT: IMH), announced today that it entered into a $30 million credit facility with Macquarie Group ("Macquarie") to provide liquidity needed to opportunistically retain mortgage servicing rights and to fund the continued growth of mortgage loan origination volumes.


    Mr. Joseph Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc., commented, "We are pleased to further our relationship with Macquarie Group and believe it is a significant accomplishment to raise capital, allowing us to continue to grow our mortgage lending platform. This transaction not only strengthens our liquidity, but also provides the ability to selectively retain mortgage servicing rights as well as a greater ability to take advantage of opportunities that may arise in the mortgage lending industry."




    Read more: http://www.benzinga.com/pressr…credit-faci#ixzz3e126gsV2



    Gruss, Simona *smile*

  • Morgen, Donnerstag, 06.08.15, sehen wir hier Q2/2015, nachbörslich.



    05-08-2015 22:12 Press Release: Impac Mortgage Holdings, Inc. Announces Upcoming Release of Second Quarter 2015 Results and Conference Call



    Impac Mortgage Holdings, Inc. Announces Upcoming Release of Second Quarter 2015 Results and Conference Call

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    IRVINE, Calif.--(BUSINESS WIRE)--August 05, 2015-- 

    Impac Mortgage Holdings, Inc. (NYSE MKT: IMH), announces the scheduling of a conference call and live webcast on Friday, August 7th, 2015 at 9:00 a.m. P.T. (12:00 p.m. E.T.). We will discuss our second quarter 2015 financial results, which are expected to be released after the close of market on Thursday, August 6th, 2015.


    Conference Call


    After the Company's prepared remarks, management will host a live Q&A session to discuss the Company's financial results and business outlook, with questions submitted via email. Please email your questions to Justin.Moisio@ImpacMail.com.


    To participate in the call, please dial in, up to fifteen minutes prior to the scheduled start time. You may access the call via:


    The dial-in number is (800) 671-7958, conference ID number: 21773611


    Internet Webcast Access: http://ir.impaccompanies.com or go to http://www.impaccompanies.com and link to Investor Relations / Stockholder Relations


    The conference call will be archived approximately 2 hours following the call on the Impac Mortgage Holdings, Inc. web site at http://ir.impaccompanies.com/.


    About the Company


    Impac Mortgage Holdings, Inc. (IMH or Impac) provides innovative mortgage lending and warehouse lending solutions, as well as real estate solutions that address the challenges of today's economic environment. Impac's operations include mortgage and warehouse lending, servicing, portfolio loss mitigation and real estate services as well as the management of the securitized long-term mortgage portfolio, which includes the residual interests in securitizations.


    For additional information, questions or comments, please call Justin Moisio, VP Investor Relations at (949) 475-3988 or email Justin.Moisio@ImpacMail.com. Web site: http://ir.impaccompanies.com or http://www.impaccompanies.com


    View source version on businesswire.com: http://www.businesswire.com/news/home/20150805006672/en/

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        CONTACT:    Impac Mortgage Holdings, Inc. 

    Justin Moisio, VP Investor Relations


    (949) 475-3988


    Justin.Moisio@ImpacMail.com

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    (END) Dow Jones Newswires

    August 05, 2015 16:12 ET (20:12 GMT)



    [Blocked Image: https://premium.swissquote.ch/gifs/logo_dowjones.gif]

    Emil

  • http://www.sec.gov/Archives/ed…04659-15-057467-index.htm


    Wie bei vielen anderen Unternehmen ist auch hier das 2. Quartal etwas schwächer. Wenn man aber mit dem letzten Jahr vergleicht schaut es vortrefflich aus. Nun, da ich per Ende Juli bei einem Tageskurs-Anstieg über 7,4% einen unteren Trade abschloss, 23.65, habe ich nochmals zugegriffen. Den Conferene Call höre ich mir noch an.


    Anmerkung: Mein Zugriff war zu früh, ich bin sofort wieder raus. Habe etwas Spesen und ein Trinkgeld liegen lassen.

  • @ Lorenz, Künstlerpech? *blum3*


    Info


    http://seekingalpha.com/articl…-earnings-call-transcript


    Insgesamt ist mit mit einem stabilen und soliden Jahr 2015 zu rechnen, so wie ich das sehe. Das Ganzjahresergebnis sollte bemerkenswert ausfallen. Man muss einfach wissen, dass man hier über Billionen spricht und in Milliarden rechnet. So gesehen ist Q2 wirklich gut gekommen, unter Berücksichtigung der Hypo-Zinsen. Der Outlook ist für mich nachvollziehbar.


    So, nun erwarten wir Leistung, Jungs. *smile* *dirol*

    Emil

  • Ach ja, für euch IMH-Jungs zur Info:

    Optimismus bei US-Hausbauern auf Zehnjahreshoch

    Kategorien: News Nordamerika | Wirtschaftsdaten Nordamerika | Uhrzeit: 16:44

    Von Jeffrey Sparshott


    WASHINGTON (Dow Jones) - Die Stimmung unter den US-Wohnbauunternehmen ist so gut wie seit einem Jahrzehnt nicht mehr, was als gutes Zeichen für einen wichtigen Bereich der US-Wirtschaft gewertet wird. Der von der National Association of Home Builders (NAHB) erhobene Index kletterte im Oktober auf 64 von jeweils 61 im August und September. Er stieg damit stärker, als Volkswirte es mit 62 vorhergesagt hatten. Höher war der Indexstand zuletzt im Oktober 2005 mit 68 gewesen. Ein Wert über 50 deutet auf günstige Bedingungen in dem Sektor hin.


    Kontakt zum Autor: konjunktur.de@dowjones.com


    DJG/DJN/smh/cln


    Copyright (c) 2015 Dow Jones & Company, Inc.

    *smile*

  • Info für Investierte und Interessierte:


    Heute, after market, sehen wir das Ergebnis Q3/2015


    IRVINE, Calif., Nov. 3, 2015 /PRNewswire/ -- Impac Mortgage Holdings, Inc. (NYSE MKT: IMH), announces the scheduling of a conference call and live webcast on Thursday, November 5th, 2015 at 8:00 a.m. P.T. (11:00 a.m. E.T.). We will discuss our third quarter 2015 financial results, which are expected to be released after the close of market on Wednesday, November 4th, 2015. Conference Call After the Company's prepared remarks, management will host a live Q&A session to discuss the Co...


    http://ir.impaccompanies.com/news.aspx?iid=103609


    Gruss, Simona

  • Endlich hat einer reagiert und die Miesmacherei auch bemerkt, bin aber mega froh für die Klarstellung:


    *wink*


    http://seekingalpha.com/articl…xpanding-into-new-markets




    Impac Mortgage Building Cash Balances And Expanding Into New Markets

    | About: Impac Mortgage Holdings, Inc. (IMH), Includes: TREE by: Glen Bradford

    Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

    Summary

    A recent article seems to contain factual inaccuracies and subsequently appears to systematically understate the value of Impac Mortgage.


    At this rate, the company could report full-year adjusted operating earnings of $40 to $45 million.


    At 10x EPS, this puts a target range on this stock between $29 and $32.

    A recent article on Impac Mortgage (NYSEMKT:IMH) stretches the truth about the company's operations and financial picture. This piece should provide some clarification.

    Current Financial Climate

    Impac Mortgage trades at a low price-to-earnings ratio of around 3, yet the article claims that most of the earnings are one-time adjustments. In fact, Impac recently reconciled the reported operating earnings to adjust for one-time acquisition-related costs. The result is that the third-quarter operating earnings were actually $8.5 million, whereas the year-to-date figure is $34 million. At this rate, the company could report full-year adjusted operating earnings of $40 to $45 million.


    The company provided a reconciliation of operating earnings and that is shown with the attached picture. Third-quarter operating earnings are the closest approximation to an adjusted EPS number. Think normalized future earnings.


    (click to enlarge)[Blocked Image: https://staticseekingalpha.a.ssl.fastly.net/uploads/2015/11/16/241819-14477084506068094-Glen-Bradford.png]


    To manage the capital needs of the company and to reduce its net asset concentration of mortgage-servicing rights (MSRs), in October, the company sold $3.5 billion of conventional MSRs for approximately $34 million. After the sale, the remaining servicing portfolio at the end of October was $3.4 billion.


    In a separate filing, they disclosed a planned sale of another $1 billion in MSRs, leading to about $40 million in cash added to the quarter-end balance.

    Comparable Company

    Compare these results to LendingTree (NASDAQ:TREE), which reported net income of $6.1 million in the same quarter and told investors that they would earn adjusted EBITDA in the range of $38.3-$38.8 million for the year. TREE's market cap is currently $1.4 billion vs. Impac's $170 million. This is a classic case of dislocated valuations.


    Further, the article states that CashCall, an Impac subsidiary, is using "bait and switch" tactics because the market rate on a 30-year fixed rate mortgage was actually 4.5%, when the CashCall advertised rate is 3.99%. On one hand they are claiming that Impac is advertising a lower rate than the market, but they fail to acknowledge that this rate matches the advertised rate of many competitors. It is not uncommon to receive a higher rate than the prime rate when applying for a loan. Anyone that has ever applied for a loan would know that you cannot expect loan underwriters to hand out prime rates to everyone.


    The company's cash balance has actually improved since the quarter-end, as the company sold off some non-essential MSR assets in October and November. This has been previously disclosed by the company. It increases their cash balance to over $50 million in the fourth quarter. On a per-share basis, the company is holding about $3.50 per share. In comparison to the face value of the company's long-term debt, $50 million covers at least 64% of the balance with no debt amounts maturing in the near term.

    Reviewing The Financial Statements

    Regarding a misleading claim that the company will be doing a stock offering that is highly dilutive to earnings, the author should refer to IRS section 382. Under this section of the IRS code, the company has to be careful not to issue too many shares of stock, as it could trigger a change in ownership. This is a fact that Impac's management is well aware of. In fact, they have created a poison pill preferred stock (A-1) that would be issued in the event that a change in control is triggered (see 10K note 22). These precautions were put into place to protect the $495.9 million in net operating losses and the resulting deferred-tax asset. Currently, $140 million of deferred-tax assets are waiting to be written up to full value. If the company utilizes the capital markets, they will be careful not to trigger a change in ownership, which means minimal dilution.


    [Blocked Image: https://staticseekingalpha.a.s…9128678-Glen-Bradford.png]

    The CashCall Lawsuit Confusion

    Another obvious flaw in the short analysis is that it includes information about several lawsuits from a completely separate private company. CashCall sold their mortgage operations to Impac in early 2015, but all of the cited examples are related to the CashCall's personal lending division, which remained at the original company. The author of the article could not be reached for comment.

    Conclusion and Summary

    Based on the fact that the company is in the midst of a nationwide expansion with new product offerings in 2016, expect additional earnings growth next year. This will be especially true in the first quarter, which is the best quarter for purchase money transactions. Investors might expect the company to recognize the full value of the deferred-tax asset ($140 million), as well as the full value of the long-term debt on the balance sheet. This should net to an additional $8 in GAAP EPS for the fourth quarter.


    With operating earnings of $40 to $45 million in 2015, and a growth rate over more than 300%, this company should command a price to earnings of no less than 10 times EPS. This puts a target range on this stock between $29 and $32.

    Emil

  • Ich sehe hier heute noch eine Info:


    IMPAC Mortgage Holdings Inc. (IMH) filed a Form 8K - Regulation FD Disclosure - with the U.S Securities and Exchange Commission on November 24, 2015.

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     The following is for Regulation FD purposes and relates to the possible purchase of securities related to multifamily mortgage loans from certain securitization trusts and sale of such loans in the secondary market pursuant to ordinary business practices of Impac Mortgage Holdings, Inc. ("Impac"). Impac or its affiliates and subsidiaries is contemplating the exercise of an optional redemption during the first quarter of 2016 on certain of the securities from the following five securitizations listed below, the securities of which are associated with specific groups of small balance multifamily mortgage loans.

    Impac CMB Trust Series 2004-8, Classes 3-A, 3-M-1, 3-M-2, 3-B


    Impac CMB Trust Series 2005-2, Classes 2-A-1, 2-A-2, 2-M-1, 2-M-2, 2-B


    Impac CMB Trust Series 2005-4, Classes 2-A-1, 2-A-2, 2-M-1, 2-M-2, 2-B-1, 2-B Impac CMB Trust Series 2005-6, Classes 2-A-1, 2-A-2, 2-M-1, 2-M-2, 2-B-1, 2-B Impac CMB Trust Series 2005-8, Classes 2-M-1, 2-M-2, 2-A, 2-A-M, 2-M-3 and 2-B


    If Impac purchases the securities associated with the mortgage loans, then pursuant to its ordinary business practices Impac intends to sell the loans on the secondary market. There are no assurances that Impac or its affiliates and subsidiaries will purchase the securities, which is based on many factors such as interest rate fluctuations and economic conditions in the mortgage industry.


    The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/ed…5080870/a15-23990_18k.htm


    Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/ed…04659-15-080870-index.htm


    Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.


    Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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    (END) Dow Jones Newswires

    November 24, 2015 06:01 ET (11:01 GMT)


    Copyright (c) 2015 Dow Jones & Company, Inc.

  • Am 5. Mai 2015 waren wir hier gem. Chart bei $28.60, gem. meiner Erinnerung auf $30.-, ist nachlesbar hier im Thread.


    Kriegen wir das nochmals hin? Sowas wäre cool, ja echt.

    Emil