Add Impac Mortgage Holdings to the list of mortgage lenders that posted a loss in the second quarter of 2022, despite an effort to reduce expenses. 

In the most challenging mortgage market in well over a decade, executives at Impac have opted to pull back on non-QM products, which represent most of the company’s originations. It resulted in Impac bringing in less than $500,000 in revenue between April and June.  

“The Company’s financial results for the second quarter of 2022 reflect the adverse effects of the historic market details ⇒

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