The company said it would wind down its third-party originations channel following deteriorating volume and margins in 2022 that stretched into the first three months of this year.
The move was announced as an effort to cut costs.
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Rising Mortgage Rates and Their Impact on the Housing Market
Explore the effects of rising mortgage rates on the housing market, with insights into buyer behavior and real estate trends amidst economic shifts.
Estimated reading time: 0 minutes, 20 seconds
Impac Mortgage Goes Broker, Winds Down TPO Channel
Impac Mortgage has unveiled a shift to a mortgage broker fulfillment model for its retail consumer direct lending vision. So reports Seeking Alpha.
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