Impac Mortgage Holdings Reit (IMH)

  • Ich meine, für uns sind das gute News:

    30-04-2013 15:31 DJ Impac Mortgage Files 8K - Entry Into Definitive Agreement >IMH


    IMPAC Mortgage Holdings Inc. (IMH) filed a Form 8K - Entry Into a Definitive Agreement - with the U.S Securities and Exchange Commission on April 29, 2013.

    Note Purchase Agreement and Convertible Promissory Notes

    On April 29, 2013, Impac Mortgage Holdings, Inc. (the "Company"), entered into a Note Purchase Agreement (the "Note Purchase Agreement") with the purchasers named therein (the "Noteholders"), whereby the Company issued (the "Closing Date") $20 million in original aggregate principal amount of Convertible Promissory Notes Due 2018 (the "Notes"). The Notes mature on or before April 30, 2018 and accrue interest at a rate of 7.5% per annum, to be paid quarterly. The Notes carry an additional penalty interest rate of 2% per annum upon an event of default. Interest shall be computed on the basis of a 360 day year of twelve (12) months each comprised of thirty (30) days. The Notes may not be prepaid, in whole or in part, by the Company without the prior written consent of the Noteholders. The Notes contain customary affirmative and negative covenants of the Company, including covenants not to incur certain indebtedness that is not subordinated and not to make optional payments on its indebtedness (other than on the Notes) or amend material indebtedness in a manner that is adverse in any material manner to the Noteholders.

    Noteholders may convert all or a portion of the outstanding principal amount of the Notes into shares of the Company's Common Stock ("Conversion Shares") at a rate of $10.875 per share, subject to adjustment for stock splits and dividends (the "Conversion Price"). The Company has the right to convert the entire outstanding principal of the Notes into Conversion Shares at the Conversion Price if the market price per share of the Common Stock, as measured by the average volume-weighted closing stock price per share of the Common Stock on the NYSE MKT (or any other U.S. national securities exchange then serving as the principal such exchange on which the shares of Common Stock are listed) for any twenty (20) trading days in any period after the Closing Date of thirty (30) consecutive trading days, reaches the level of $16.31. Upon conversion of the Notes by the Company, the entire amount of accrued and unpaid interest (and all other amounts owing) under the Notes are immediately due and payable. Furthermore, if the conversion of the Notes by the Company occurs prior to the third anniversary of the Closing Date, then the entire amount of interest under the Notes through the third anniversary is immediately due and payable. To the extent the Company pays any cash dividends on its shares of Common Stock prior to conversion of the Notes, upon conversion of the Notes, the Noteholders will also receive such dividends on an as-converted basis of the Notes less the amount of interest paid by the Company prior to such dividend.

    Upon a change of control of the Company, the holders of a majority of the outstanding principal balance of the Notes have the right to either *angel* cause all unpaid principal and accrued but unpaid interest and other amounts owing to become immediately due and payable in full, (b) cause the entire unpaid principal balance of the Notes to be converted into shares of the Common Stock at the Conversion Price then in effect, with the entire amount of accrued but unpaid interest and other amounts owing under the Notes to be immediately due and payable in cash, or (c) cause the Notes to continue in full force and effect. Pursuant to the terms of the Note Purchase Agreement, a change of control will occur when *angel* any person, excluding the purchasers of the Notes, becomes the beneficial owner of more than 50% of the voting power of the Company and the purchasers of the Notes (along with certain related parties) at that time do not own a greater percentage of voting power or (b) the existing members of the Company's board of directors cease to constitute a majority of the board of directors.

    The Notes include customary events of default including: failure to pay principal on any Notes when due; failure to pay interest on the Notes for two business days after it becomes due; failure in the performance of any other covenant contained in the terms of the Notes for a period of thirty (30) days after written notice from any Noteholder; acceleration of other debt agreements representing in excess of $3 million of indebtedness at any one time; the entry of judgments in excess of $3 million against the Company and certain bankruptcy events. Upon an event of default, holders of 66 2/3% of the aggregate unpaid principal balance of all outstanding Notes may declare the Notes immediately due and payable.

    Unless an event of default has occurred and is continuing, each purchaser of the Notes agrees, for the three years after the Closing Date, to vote all Conversion Shares for each of the Company's nominees for election to the Company's board of directors and not to nominate any other candidate for election to the board of directors at any time within such three year period.

    The securities described above were offered and sold pursuant to an exemption from the registration requirements of the Securities Act pursuant to Section 4(2) thereof and Rule 506 of Regulation D promulgated thereunder since, among other things, the transactions did not involve a public offering and the securities were acquired for investment purposes only and not with a view to or for sale in connection with any distribution thereof.

    Registration Rights Agreement

    In connection with the Note Purchase Agreement and issuance of the Notes, the Company also entered into a Registration Rights Agreement (the "Registration Rights Agreement") with the Noteholders pursuant to which the Company agreed to provide the Noteholders certain registration rights to have the Conversion Shares registered with the Securities and Exchange Commission for public resale until such time all securities are registered or may be sold pursuant to Rule 144 under the Securities Act within a three (3) month period. The Company agreed to file registration statements upon request by holders of a majority of the Conversion Shares. The Noteholders may make a request for long form registrations and short form registrations up to two and four times, respectively, and registration of other securities (other than the Company's securities) will not be included without prior written consent from at least a majority of the registrable securities included in a registration. The Noteholders also have piggyback registration rights.

    The description of the terms and conditions of the Note Purchase Agreement, the Notes, and the Registration Rights Agreement set forth herein do not purport to be complete and are qualified in their entirety by reference to the terms of the Note Purchase Agreement, the form of the Notes, and the Registration Rights Agreement, as applicable, copies of which are filed as exhibits to this Current Report on Form 8-K.

    The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/ed…3034871/a13-11039_18k.htm

    Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/ed…04659-13-034871-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


    (END) Dow Jones Newswires

    April 30, 2013 09:31 ET (13:31 GMT)

    Copyright (c) 2013 Dow Jones & Company, Inc.

  • In die Hypothekenangelegenheit könnte auch wieder einmal etwas mehr Volumen reinkommen, jetzt wo man sich doch nach der Frühjahrs-Sommerbekleidung auch neue Häuser kaufen kann.

    :cool:

  • :dance:

    Das ist doch Obersupermega fürs Häusle-Hypo-Geschäft Leute, macht was......

    US-Eigenheimverkäufe aus Bestand im April +0,6%


    Kategorie: US-Markt News | USA Wirtschaftsdaten | Uhrzeit: 16:15


    Washington (BoerseGo.de) – Die Verkäufe bestehender Eigenheime sind im April laut der National Association of Realtors-NAR (Verband der US-Immobilienmakler) gegenüber dem Vormonat März um 0,6 Prozent auf 4,97 Millionen Einheiten gestiegen. Volkswirte sind für April von einem Anstieg der Verkaufszahlen auf 4,99 Millionen Einheiten ausgegangen. Im Vergleich zum entsprechenden Vorjahreszeitraum kletterten die Verkaufszahlen bestehender Eigenheime um 9,7 Prozent. Der mediane Verkaufspreis verzeichnete im April einen Anstieg von 11,0 Prozent gegenüber dem entsprechenden Vorjahreszeitraum auf 192.000 US- Dollar. Dies bedeutet auf das Jahr hoch gerechnet den höchsten Anstieg seit dem Jahr 2008.


    Der Quotient von Bestand zu Hausverkäufen steigt im April von 4,7 auf 5,2 Punkte. Dieser Quotient sagt aus, wie viele Monate es dauern würde, den Bestand an Eigenheimen auf dem Markt zu verkaufen, basierend auf den neuesten Verkaufszahlen. Der März-Wert wurde von 4,92 Millionen auf 4,94 Millionen nach oben revidiert.

    Emil

  • Ich würde gerne hier wieder einmal was hören, aber das Business sollte eigentlich gut laufen, denn



    FHFA-Index für US-Häuserpreise steigt im April weiter
    Kategorie: DJ News USA | DJ Konjunkturmeldungen USA | Uhrzeit:


    Die Erholung der Häuserpreise in den USA hat sich im April fortgesetzt. Wie die Federal Housing Finance Agency (FHFA) mitteilte, stiegen die Preise gegenüber dem Vormonat saisonbereinigt um 0,7 Prozent. Volkswirte hatten einen Anstieg um 1,2 Prozent erwartet. Für die zwölf Monate bis Ende April wies die FHFA ein Plus von 7,4 Prozent aus. Allerdings liegt der Index damit immer noch um 11,7 Prozent unter dem Höhepunkt vom April 2007.


    Die FHFA ist die Nachfolgebehörde für die beiden fusionierten Behörden Office of Federal Housing Enterprise Oversight (OFHEO) und Federal Housing Finance Board (FHFB) und fungiert als Aufsichtsbehörde der beiden Hypothekenagenturen Freddie Mac und Fannie Mae. Die Behörde verwendet bei der Indexberechnung die Verkaufspreise von Häusern, deren Hypotheken von Freddie Mac und Fannie Mae verkauft oder garantiert worden sind.


    Kontakt zum Autor: konjunktur.de@dowjones.com

  • Info:

    06-08-2013 00:30 PRESS RELEASE: Impac Mortgage Holdings, Inc. Announces Upcoming Release of Second Quarter 2013 Results and Conference Call


    Impac Mortgage Holdings, Inc. Announces Upcoming Release of Second Quarter 2013 Results and Conference Call
    IRVINE, Calif.--(BUSINESS WIRE)--August 05, 2013--

    CONTACT:

    Impac Mortgage Holdings, Inc. (NYSE MKT: IMH), announces the scheduling of a conference call and live webcast on Wednesday, August 7th, 2013 at 8:00 a.m. P.T. (11:00 a.m. E.T.). We will discuss our second quarter 2013 financial results, which are expected to be released after the close of market on Tuesday, August 6th, 2013.

    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 jmoisio@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 (877) 840-1313, conference ID number: 21670034

    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 mortgage and real estate solutions that address the challenges of today's economic environment. Impac's operations include mortgage lending and servicing, portfolio loss mitigation and real estate services as well as the management of the securitized long-term mortgage portfolio which includes the residual interest in securitizations.

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

    Order free Annual Report for Impac Mortgage Holdings, Inc.

    Visit http://djnweurope.ar.wilink.com/?ticker=US45254P5089 or call +44 (0)208 391 6028

    (END) Dow Jones Newswires

    August 05, 2013 18:30 ET (22:30 GMT)

    Gruss,

    Simona

  • Ergebnis Q2/2013:

    Da sieht man eine deutliche Verbesserung zum 1. Quartal 2013.

    06-08-2013 23:02 PRESS RELEASE: Impac Mortgage Holdings, Inc. Announces Results of Second Quarter 2013

    Impac Mortgage Holdings, Inc. Announces Results of Second Quarter 2013
    IRVINE, Calif.--(BUSINESS WIRE)--August 06, 2013--

    CONTACT:

    Impac Mortgage Holdings, Inc. (NYSE MKT: IMH), today announced financial results for the quarter ended June 30, 2013. For the second quarter of 2013, the Company reported net earnings of $1.2 million or $0.14 per diluted common share, as compared to net earnings of $4.2 million in the second quarter of 2012 or $0.51 per diluted share common share. For the first six months ended June 30, 2013, the Company reported net earnings of $480 thousand or $0.08 per diluted common share, as compared to a net loss of $(578) thousand or $(0.07) per diluted common share for the first six months ended June 30, 2012.

    Results by
    Segment Q2 2013 Q1 2013 Q2 2012 YTD 2013 YTD 2012
    -------------------- -------------------- -------------------- -------------------- ----------------------
    Net Net Net Net Net
    earnings Diluted earnings Diluted earnings Diluted earnings Diluted earnings Diluted
    (in thousands) (loss) EPS (loss) EPS (loss) EPS (loss) EPS (loss) EPS
    ----------- ------- ----------- ------- ----------- ------- ----------- ------- ----------- ---------
    Mortgage
    Lending $ 3,426 $ 0.33 $ 671 $ 0.08 $ 3,823 $ 0.46 $ 4,096 $ 0.43 $ 4,050 $ 0.52
    Real Estate
    Services 3,355 0.33 2,295 0.27 3,632 $ 0.43 5,650 0.59 6,358 0.81
    Long-term
    Mortgage
    Portfolio (4,563) (0.42) (3,916) (0.46) (125) $(0.01) (8,479) (0.86) (6,570) (0.84)
    ------ ----- ------ ----- ------ ----- ------ ----- ------ -----
    Continuing
    Operations $ 2,218 $ 0.24 $ (950) $(0.11) $ 7,330 $ 0.88 $ 1,267 $ 0.16 $ 3,838 $ 0.49
    Income tax
    (expense)
    benefit from
    continuing
    operations (32) (0.00) 1,088 0.13 (5) (0.00) 1,056 0.11 (35) (0.00)
    ------ ----- ------ ----- ------ ----- ------ ----- ------ -----
    Continuing
    Operations,
    net of tax $ 2,186 $ 0.24 $ 138 $ 0.02 $ 7,325 $ 0.88 $ 2,323 $ 0.27 $ 3,803 $ 0.49
    Discontinued
    Operations,
    net of tax (968) (0.10) (876) (0.10) (3,113) (0.37) (1,843) (0.19) (4,381) (0.56)
    ------ ----- ------ ----- ------ ----- ------ ----- ------ -----
    Net (loss)
    earnings
    attributable
    to IMH $ 1,218 $ 0.14 $ (738) $(0.08) $ 4,212 $ 0.51 $ 480 $ 0.08 $ (578) $(0.07)
    ====== ===== ====== ===== ====== ===== ====== ===== ====== =====

    The Company's continuing operations, which include the mortgage lending, real estate services and long-term mortgage portfolio segments, had net earnings of $2.2 million in the second quarter of 2013, as compared to net earnings of $138 thousand in the first quarter of 2013 and $7.3 million in the second quarter of 2012.

    The Company's long-term mortgage portfolio includes certain assets and liabilities subject to fair value accounting. Excluding the change in fair value of net trust securitization assets and long-term debt in such portfolio, the Company's consolidated net earnings would have shown a slight increase in the second quarter of 2013 as compared to the second quarter of 2012.

    Mortgage Lending

    In the second quarter of 2013, mortgage lending net earnings increased by $2.7 million, to $3.4 million, as compared to first quarter of 2013, and decreased from the second quarter in the prior year. The increase in the second quarter of 2013 over the first quarter of 2013 was primarily due to a $106.3 million increase in mortgage originations. Further, there was a decrease in earnings from the second quarter of 2012 due to an increase in personnel costs relative to lending volumes, as the Company was ramping up for increased origination volume which was occurring until interest rates increased 100 basis points in the second quarter, causing origination volume to fall off beginning in June 2013.

    Selected
    Financial
    Data
    (in millions)
    Q2 2013 Q1 2013 % Change Q2 2012 % Change
    ------------- ------------ -------- ------------- --------
    Originations $780.1 $673.8 16% $532.5 46%

    March 31,
    June 30, 2013 2013 % Change June 30, 2012 % Change
    ------------- ------------ -------- ------------- --------
    Servicing
    Portfolio $2,110.2 $1,702.5 24% $946.4 123%

    In the second quarter of 2013, originations have increased to $780.1 million, a 16% increase over the first quarter 2013, and a 46% increase over the second quarter 2012. The Company's mortgage lending channels continued to experience a more balanced production mix. Our correspondent channel contributed 29% and our retail channel production also contributed 29% of originations, with the remaining 42% coming from the wholesale channel. The percentage of purchase money transactions, as compared to refinance transactions, increased to almost 40% of overall originations, as compared to just over 25% in the first quarter of 2013. As the home refinance markets contract due to the recent rise in interest rates, all of our channels continue to focus on purchase money transactions and less interest rate sensitive loan programs including Home Renovation 203(k) products, Reverse Mortgages, and Home Affordable Refinance Program (HARP) products.

    With the servicing-retained sales in the second quarter and the recent rise in interest rates, the estimated fair value of mortgage servicing rights of the portfolio increased to $22.1 million at June 30, 2013, as compared to $15.6 million at March 31, 2013. The servicing portfolio, comprised of agency loans, increased to $2.1 billion at June 30, 2013, a 24% increase from March 31, 2013, and a 123% over second quarter 2012. Our mortgage servicing portfolio continues to grow and currently the 60 day delinquent loans are less than 1% of the portfolio. The servicing portfolio is comprised of high credit quality and low weighted average coupon loans, making it a valuable long-term asset for the Company.

    Real Estate Services

    Net earnings before taxes from our real estate services segment decreased slightly to $3.4 million in the second quarter of 2013, as compared with $3.6 million in the second quarter of 2012. However, the real estate services segment increased by $1.1 million in the second quarter of 2013, as compared to the first quarter of 2013.

    The real estate services segment continues to provide positive net earnings through loss mitigation and real estate services, primarily on our own long-term mortgage portfolio. The Company is also establishing relationships to perform mortgage insurance recovery services for institutions along with other loss mitigations activities offered to loan servicers.

    Long-term Mortgage Portfolio

    The estimated fair value of the net trust securitization assets continues to decline in 2013 primarily as a result of the expected and ongoing decline in securitized mortgage collateral due to principal collections and liquidation of defaulted loans.

    Recent Developments

    In April 2013, the Company issued $20.0 million in convertible debt, using the proceeds primarily to continue to expand our mortgage lending capabilities as well as increasing the mortgage servicing portfolio.

    The Company is now in the process of re-entering the warehouse lending business, which will allow the Company to offer lines of credit to other mortgage lenders including our correspondent sellers. We believe that offering warehousing to our correspondent customers ties them closer to us, helps them grow, increases our correspondent production and results in higher profitability.

    Mr. Joseph Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc., commented, "We are very pleased to see the mortgage lending segment's net earnings rebound from a difficult first quarter, as well as the continued profitability in the real estate services segment. By re-entering the warehouse lending business, something the Company has been extremely successful with previously, we have once again created a synergistic relationship between our business units that we expect to help enhance the Company's net earnings and shareholder value. The launch of warehouse lending along with other operational and business initiatives which we have been working on, should establish a good foundation for the rest of the year and strengthen our prospects for 2014."

    Conference Call

    The Company will hold a conference call tomorrow morning, August 7, 2013, at 8 a.m. Pacific Time (11:00 a.m. Eastern Time), to discuss the Company's financial results and business outlook and to answer investor questions. After the Company's prepared remarks, management will host a live Q&A session, to answer questions submitted via email. Please email your questions to jmoisio@impacmail.com. Investors may participate in the conference call by dialing (877) 840-1313, conference ID number 21670034, or access the web cast via our web site at http://ir.impaccompanies.com. To participate in the conference call, dial in 15 minutes prior to the scheduled start time. The conference call will be archived on the Company's web site at http://ir.impaccompanies.com.

    Forward-Looking Statements

    (MORE TO FOLLOW) Dow Jones Newswires

    August 06, 2013 17:02 ET (21:02 GMT)

  • Der Conference Call war auch noch recht interessant.

    :P Nur sollten die Fragesteller nicht so undeutlich nauscheln,

    das Ausland hört mit.

    Volumen braucht es auch etwas für die Turnaround-Story.

    Gruss,

    Simona

  • Bei dem Bericht müsste der Kurs eigentlich rauf? :new_russian:

    US-Bauausgaben legen im Juli weiter zu
    Kategorie: DJ News USA | DJ Konjunkturmeldungen USA | Uhrzeit: 16:37

    Von Jeffrey Sparshott

    Die US-Häuslebauer sind zurück. Im Juli wurde trotz höherer Zinsen für Kredite so viel Geld in neue Häuser gesteckt wie seit fast fünf Jahren nicht mehr. Der Bau von Eigenheimen und Mehrfamilienhäusern befruchtete die gesamte Branche.

    Wie das US-Handelsministerium mitteilte, erhöhten sich die Gesamtausgaben saisonbereinigt um 0,6 Prozent gegenüber dem Vormonat auf ein hochgerechnetes Jahresvolumen von 900,82 Milliarden Dollar. Das ist gleichzeitig der höchste Stand seit Mitte 2009. Von Dow Jones Newswires befragte Ökonomen hatten im Vorfeld nur ein Plus von 0,4 Prozent prognostiziert. Auch der Juni lief deutlich besser als zunächst gemeldet. Statt um 0,6 Prozent zu schrumpfen, blieben die Investitionen auf Mai-Niveau.

    Im August mussten die Amerikaner für ein Immobilien-Darlehen mit einer Laufzeit von 30 Jahren im Durchschnitt 4,80 Prozent Zinsen zahlen. Seit die Federal Reserve die Drosselung ihrer Wertpapierankäufe im Mai angekündigt hat, steigt das Zinsniveau in den USA allmählich an.

    Kontakt zum Autor: konjunktur.de@dowjones.com

    DJG/chg/hab

    Copyright (c) 2013 Dow Jones & Company, Inc.

    Emil

  • Jemand da, oder im Tiefschlaf? Ich würde gerne mal wieder traden, macht ihr mit?

    :angry: :new_russian:

    US-Neubauverkäufe steigen im August kräftig
    Kategorie: DJ News USA | DJ Konjunkturmeldungen USA | Uhrzeit: 16:15

    Von Josh Mitchell

    Die Zahl der US-Neubauverkäufe hat sich im August etwas besser entwickelt als erwartet. Wie das US-Handelsministerium mitteilte, stieg die Zahl der verkauften Neubauten gegenüber dem Vormonat um 7,9 Prozent auf einen saisonbereinigten Jahreswert von 421.000. Ökonomen hatten nur mit einem Anstieg um 6,6 Prozent gerechnet. Der Wert für Juli betrug revidiert 390.000 (vorläufig: 394.000) Verkäufe, entsprechend einem Rückgang um 14,1 Prozent (minus 13,4 Prozent) im Vormonatsvergleich.

    Die Daten legen nahe, dass die Erholung am US-Immobilienmarkt trotz des jüngsten Zinsanstiegs bei Hypotheken intakt ist und damit weiter ein Hauptmotor für die gesamte Wirtschaft bleibt. Die Gefahr, dass sich der Häusermarkt abschwächt, dürfte einer der Gründe gewesen sein, warum die Federal Reserve an ihrem massiven Kaufprogramm vorerst festhält.

    Binnen Jahresfrist ist die Zahl der Neubauverkäufe im August um 12,6 Prozent gestiegen. Die Häuserpreise waren dabei auf Sicht von einem Jahr - gemessen am Median - mit 254.600 Dollar nur wenig verändert. Die Verkäufe von Neubauten machen etwa 25 Prozent des Absatzvolumens am US-Häusermarkt aus, jene von bestehenden Häuser hingegen rund 75 Prozent.

    Kontakt zum Autor: konjunktur.de@dowjones.com

    DJG/apo/jhe

    Copyright (c) 2013 Dow Jones & Company, Inc.

    Emil