Impac Mortgage Holdings, Inc. (IMH) is a residential mortgage lender. The Company operates through its subsidiaries Integrated Real Estate Service Corporation (IRES), IMH Assets Corp. (IMH Assets) and Impac Funding Corporation (IFC). The Company offers a range of integrated consumer and business services within the mortgage and real estate marketplaces. The Company’s primary operating segments are Mortgage Lending, Real Estate Services and the Long-Term Mortgage Portfolio. The Company’s operations include mortgage lending and real estate services conducted by IRES and the long-term mortgage portfolio (residual interests in securitizations reflected as net trust assets and liabilities in the consolidated balance sheets).