Impac Mortgage Holdings Reports Net Loss of $39.4 Million in 2022
Company's Revenue Decreases to $8.6 Million for the Year
Impac Mortgage Holdings, Inc.(IMPM) and Subsidiaries, a leading mortga ge lender, announced its financial results for the year ended December 31, 2022. The company reported a net loss of $39.4 million, reflecting a challenging year in the mortgage industry. Additionally, Impac Mortgage Holdings saw a decline in revenue, with total revenues amounting to $8.6 million for the year.
Net Loss of $39.4 Million
Impac Mortgage Holdings reported a net loss of $39.4 million for the year ended December 31, 2022. This net loss reflects the challenging market conditions faced by the company in the mortgage industry. The loss is a significant decrease compared to the previous year, where the company reported a net loss of $3.9 million.
Revenue Declines to $8.6 Million
