Sure, I'm surprised this stock does not have more action, given that it is in a business that is poised for growth with the recovery of the housing market. Does this company not do road shows or talk to analysts? Nobody seems to be following them, and they appear to be a hidden gem.

Thanks for the plug, CBS...

Watch Sims On Finance From Today.

Mr. Pickup has been out shopping again:

http://ih.advfn.com/p.php?pid=nmona&article=64511809&symbol=IMPHP

3 Stocks Pushing The Real Estate Industry Lower
By TheStreet Wire Follow07/25/14 - 04:01 PM EDT
inShare

Get TheStreet Quant Ratings' exclusive 5-page report for (SPPR) now.
Impac Mortgage Holdings ( IMH) was another company that pushed the Real Estate industry lower today. Impac Mortgage Holdings was down $0.10 (1.8%) to $5.49 on light volume. Throughout the day, 8,401 shares of Impac Mortgage Holdings exchanged hands as compared to its average daily volume of 16,600 shares. The stock ranged in price between $5.25-$5.58 after having opened the day at $5.25 as compared to the previous trading day's close of $5.59.

Impac Mortgage Holdings, Inc. operates as an independent residential mortgage lender. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. Impac Mortgage Holdings has a market cap of $54.2 million and is part of the financial sector. Shares are down 6.5% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Impac Mortgage Holdings a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Impac Mortgage Holdings as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Highlights from TheStreet Ratings analysis on IMH go as follows:

IMPAC MORTGAGE HOLDINGS INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has suffered a declining pattern earnings per share over the past two years. During the past fiscal year, IMPAC MORTGAGE HOLDINGS INC swung to a loss, reporting -$0.59 versus $1.49 in the prior year.
The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Thrifts & Mortgage Finance industry. The net income has significantly decreased by 301.9% when compared to the same quarter one year ago, falling from -$0.74 million to -$2.97 million.
Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Thrifts & Mortgage Finance industry and the overall market, IMPAC MORTGAGE HOLDINGS INC's return on equity significantly trails that of both the industry average and the S&P 500.
Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 51.37%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 1700.00% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
IMH, with its decline in revenue, underperformed when compared the industry average of 0.1%. Since the same quarter one year prior, revenues fell by 27.4%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
You can view the full analysis from the report here: Impac Mortgage Holdings Ratings Report

Wow,
Only two followers on this board.

As you have seen in the past few days the insiders are BUYING…

This means something good is right around the corner.

Load up while it is a bargain, my bet is it is going to sky rocket very soon.

IMHO

Mortgage originations and refinances are on hold. I think MSRs will gain value with the Fed Taper.

Not sure what insiders are thinking but Mortgage business is on hold...and it appears will remain there at least thru the first half of 2014.

Mortgage originations are down significantly from the prior year.

IMH pps has pulled back to Sept 2012 levels.

Personally I think Wall Street in general has reached the level where it can't continue to climb another inch until our un-employment woes are addressed.

Not sure what insiders are thinking but Mortgage business is on hold...and it appears will remain there at least thru the first half of 2014.

Mortgage originations are down significantly from the prior year.

IMH pps has pulled back to Sept 2012 levels.

Personally I think Wall Street in general has reached the level where it can't continue to climb another inch until our un-employment woes are addressed.

???

I wonder if any insiders are buying or selling here.

I believe those insiders that sold for a tax-loss must wait another ten days to buy back in.

Marker: (mid-day)

Impac Mortgage Holdings Commo (IMH)
$ 6.07 down -0.35 (-5.45%)
Volume: 70,962

$114 Billion of MSRs on the Auction Block Now

By Paul Muolo

pmuolo@imfpubs.com

Citigroup is once again “re-marketing” a $61 billion package of mortgage servicing rights while Walter Investment Management Corp. said it is on the verge of buying $62 billion of MSRs, according to new public statements and information provided by investment banking officials.

Meanwhile, Interactive Mortgage Advisors is working on three deals totaling $11 billion, which means roughly $114 billion of product may soon find a new home before yearend.

Citigroup has been trying to sell the $61 billion since early in the fall. Investment banking officials say an earlier sale of that package fell apart and is now being “recast.” Much of receivables are legacy in nature. Citigroup declined to comment.

Walter, meanwhile, said it is executing on a previously announced $62 billion purchase of MSRs, and signed a “definitive agreement” to buy at least $30 billion in Fannie Mae receivables. Walter did not disclose the seller on the $30 billion, but it’s believed to be Flagstar Bancorp. Flagstar declined to comment.

Meanwhile, the Federal Housing Finance Agency is beginning to eye large MSR transfers more closely, industry advisors said. For more on that story, see the new edition of Inside Mortgage Finance, available online later in the week.

M&A: IMH Sells a Servicing Platform, Flagstar Finally Unloads MSRs?

By Paul Muolo

pmuolo@imfpubs.com

Impac Mortgage Holdings has inked a deal to sell its servicing affiliate, AmeriHome Mortgage Corp., for an undisclosed sum and without identifying the buyer.

In a press statement, the nonbank called the mortgage servicing platform a “redundant” operation. As part of the sale, the buyer will also get $700 million in mortgage servicing rights, and licenses to service loans for Fannie Mae, Freddie Mac and FHA. The company said it will continue to service loans through its Excel Mortgage Servicing affiliate.

In a statement, IMH said the sale – expected to close in early 2014 – will help the company “streamline” its mortgage operations and provide “additional cash.” In the third quarter, IMH lost almost $5 million.

Meanwhile, investment banking officials told Inside Mortgage Finance that Flagstar has finally sold some of its MSRs, reportedly to a REIT. At press time, no other details were available. A Flagstar spokeswoman could not be reached for comment. Normally, the company does not comment on such matters.

Other areas of interest: Servicing, Secondary/MBS, Mergers & Acquisitions, Fannie, Freddie, Ginnie Mae/FHA, Mortgage Lending & Servicing

http://www.insidemortgagefinance.com/imfnews/1_241/daily/impac-mortgage-sells-servicingaffiliate-1000025380-1.html?ET=imfpubs:e4039:55479a:&st=email&s=imfnews

13.3% yoy gain in housing prices

http://www.star-telegram.com/2013/11/26/5371212/home-prices-rose-at-slower-pace.html

The Standard & Poor’s/Case-Shiller 20-city home price index rose 0.7 percent from August to September, down from a 1.3 percent gain from July to August

Read more here: http://www.star-telegram.com/2013/11/26/5371212/home-prices-rose-at-slower-pace.html#storylink=cpy

U.S. Mortgage Application Volume Up 1.3% in Latest Week -- MBA
By Nathalie Tadena

The number of mortgage applications filed rose 1.3% in the latest week on a seasonally adjusted basis as interest rates fell to their lowest level since mid-June, the Mortgage Bankers Association said Wednesday.

On an unadjusted basis, MBA reported the market composite index rose 1% in the week ended Oct. 4 from the prior week. The refinance index climbed 3%, while the seasonally adjusted purchase index slipped 1%.

Interest rates generally trended higher during the summer months, curbing demand for new-home purchases and making refinancing less attractive. However, MBA has reported a drop in interest rates in recent weeks.

The share of applications filled to refinance existing mortgages increased to 64% of total applications from 63% in the prior week. Adjusted-rate mortgages, or ARMs, were unchanged at 6% of total applications.

The average rate on 30-year fixed-rate mortgages with conforming loan balances fell to 4.42% from 4.49% in the prior week. Rates on similar mortgages with jumbo-loan balances slid to 4.45% from last week's 4.53%. The average rate on 30-year fixed-rate mortgages backed by the Federal Housing Administration decreased to 4.15% from 4.21% last week.

The average rate for 15-year fixed-rate mortgages slid to 3.52% from 3.55% last week. The 5/1 ARM average edged down to 3.25% from 3.26% a week earlier.

Write to Nathalie Tadena at nathalie.tadena@wsj.com

http://online.wsj.com/article/BT-CO-20131009-704663.html

Impac is about to boost their business by re-entering the warehouse lending market.

"Impac Mortgage Holdings, Inc. (NYSE MKT: IMH) (“Impac Mortgage”), announces that as part of its mortgage lending expansion, it has re-entered the residential warehouse lending business through its new division, Impac Warehouse Lending."

http://finance.yahoo.com/news/impac-mortgage-announces-fully-operational-132500985.html

MPAC Mortgage Holdings Major Shareholder Purchases $97,000 in Stock (IMH)
September 26th, 2013 - 0 comments - Filed Under - by Charles Edwardson
IMPAC Mortgage Holdings, Inc logoIMPAC Mortgage Holdings (NYSE:IMH) major shareholder Richard H/ Pickup purchased 10,000 shares of IMPAC Mortgage Holdings stock on the open market in a transaction dated Tuesday, September 24th. The shares were purchased at an average price of $9.70 per share, for a total transaction of $97,000.00. Following the acquisition, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $970,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

IMPAC Mortgage Holdings (NYSE:IMH) traded down 0.82% during mid-day trading on Thursday, hitting $9.71. The stock had a trading volume of 14,967 shares. IMPAC Mortgage Holdings has a 1-year low of $6.64 and a 1-year high of $18.00. The stock’s 50-day moving average is $9.8 and its 200-day moving average is $10.42. The company’s market cap is $85.1 million.

Impac Mortgage Holdings, Inc (NYSE:IMH) operations include the mortgage and real estatefee-based business activities conducted by its subsidiaries: Integrated Real Estate Service Corporation (IRES), IMH Assets Corp.

http://www.northforkvue.com/finance/7089/impac-mortgage-holdings-major-shareholder-purchases-97000-in-stock-imh/