Joseph Tomkinson - Impac Mortgage Chairman

IMHDelisted Stock  USD 0.06  0.01  9.23%   

Chairman

Mr. Joseph R. Tomkinson was appointed Director of the Company, effective on July 31, 2018. He was Chairman of the Board since April 1998 and Chief Executive Officer and a Director of the Company since its formation in August 1995. Mr. Tomkinson was also an officer and director of a real estate investment trust investing in commercial mortgage assets and a specialty finance company until its sale since 2018.
Age 67
Tenure 6 years
Phone949 475 3600
Webhttps://www.impaccompanies.com
Tomkinson brings over 35 years of combined experience in real estate, real estate financing and mortgage banking.

Impac Mortgage Management Efficiency

The company has Return on Asset of (0.0379) % which means that on every $100 spent on assets, it lost $0.0379. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (39.7704) %, meaning that it generated no profit with money invested by stockholders. Impac Mortgage's management efficiency ratios could be used to measure how well Impac Mortgage manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 50 M in debt. Impac Mortgage Holdings has a current ratio of 2.47, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Impac Mortgage until it has trouble settling it off, either with new capital or with free cash flow. So, Impac Mortgage's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Impac Mortgage Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Impac to invest in growth at high rates of return. When we think about Impac Mortgage's use of debt, we should always consider it together with cash and equity.

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Impac Mortgage Holdings, Inc. operates as a residential mortgage lender in the United States. Impac Mortgage Holdings, Inc. was incorporated in 1995 and is based in Irvine, California. Impac Mortgage operates under Mortgage Finance classification in the United States and is traded on AMEX Exchange. It employs 326 people. Impac Mortgage Holdings (IMH) is traded on NYSE MKT Exchange in USA and employs 98 people.

Management Performance

Impac Mortgage Holdings Leadership Team

Elected by the shareholders, the Impac Mortgage's board of directors comprises two types of representatives: Impac Mortgage inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Impac. The board's role is to monitor Impac Mortgage's management team and ensure that shareholders' interests are well served. Impac Mortgage's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Impac Mortgage's outside directors are responsible for providing unbiased perspectives on the board's policies.
Justin Moisio, IR Contact Officer
Obi Nwokorie, Chief Products
Leigh Abrams, Lead Independent Director
Thomas Akin, Independent Director
Stewart Koenigsberg, Independent Director
William Ashmore, President, Director, CEO of Impac Commercial Capital Corporate and President of Impac Funding Corporate, Director of Impac Funding Corporate and Director of Impac Warehouse Lending Group Inc
Jon Gloeckner, Principal Reporting
George Mangiaracina, Chairman of the Board, President, Chief Executive Officer
Todd Taylor, CFO, Chief Accounting Officer, Executive VP, Interim CFO of Impac Warehouse Lending Group Inc, Interim CFO of Impac Funding Corporate and Interim CFO of Impac Commercial Capital Corporate
Libby Cooper, Senior Vice President - Corporate Strategy
Brian Kuelbs, Chief Financial Officer, Executive Vice President
Paul Licon, Chief Financial Officer
Katherine Blair, Independent Director
Joseph Joffrion, Sr Counsel
Richard Pickup, Independent Director
Stephan Peers, Independent Director
Frank Filipps, Lead Independent Director
Tiffany Entsminger, Senior Vice President Chief Risk Officer
Natasha Gilmore, Assistant HR
James Walsh, Independent Director
Ronald Morrison, Executive VP, General Counsel, Secretary, Secretary of Mortgage Operations and Secretary of Warehouse Lending Operations
Rian Furey, Chief Operating Officer, President - Direct Lending
Nima Vahdat, Chief Compliance Officer, General Counsel, Secretary
Joseph Tomkinson, Chairman, CEO, Chairman of Impac Funding Corporate, Chairman of Impac Warehouse Lending Group Inc, CEO of Impac Funding Corporate and CEO of Impac Warehouse Lending Group Inc

Impac Stock Performance Indicators

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Other Consideration for investing in Impac Stock

If you are still planning to invest in Impac Mortgage Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Impac Mortgage's history and understand the potential risks before investing.
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