Prospect Mortgage buys Impac Mortgage operations

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Prospect mortgage buys impac mortgage operations irvine, CA, January 8th, 2015 – impac mortgage holdings, Inc. (NYSE MKT: IMH)("Impac" or the "Company"), is pleased to announce its subsidiary, impac mortgage corp., has signed a definitive agreement to acquire the mortgage operations of CashCall, Inc. ("CashCall"). In 2013, CashCall’s mortgage division was ranked by the Mortgage Bankers Association as the 31st largest.

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HomeBridge Financial Services announced this morning that it plans to acquire the operating assets of Prospect Mortgage, LLC headquartered in Sherman Oaks, CA. Specifically, HomeBridge is going to get their hands on Prospect’s loan production platform, with the intent of creating a mega mortgage lender.

CashCall Mortgage’s operations will operate as a separate division of Impac Mortgage Corp. under the name CashCall Mortgage. The Company considers the acquisition to be a major strategic accomplishment for Impac Mortgage Holdings, Inc. as it adds a centralized retail call center to Impac Mortgage Corp.’s current business to business.

HomeBridge completes purchase of operating assets of Prospect Mortgage Prospect Mortgage buys Impac Mortgage operations Brena Swanson is formerly the Digital Reporter for HousingWire.

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""""Prospect Mortgage, LLC"""":http://myprospectmortgage.com is expanding its footprint. The Dallas-based lending company has acquired certain assets of the retail mortgage branch operations of.

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Prospect sees gold in west coast, Idaho originations. Prospect Mortgage closed on a deal to acquire retail mortgage branch operations from Impac Mortgage Tuesday. On Dec. 18, Impac Mortgage Holdings Inc. ( IMH) announced that starting Jan. 1, it would put its active "brick and mortar" retail lending branches on.

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Impac Mortgage has announced the sale of its brick and mortar retail operations to Prospect Mortgage for an undisclosed sum. The company plans to maintain its call center operations in Irvine,