| Impac Mortgage Holdings, Inc. (IMH) is a mortgage real estate investment trust (REIT), which through its Long Term Investment Operations is primarily invested in non-conforming Alt A mortgage loans (Alt-A) and to a lesser extent small balance commercial and multi-family loans. Its subsidiaries comprise: IMH Assets Corp. (IMH Assets), Impac Warehouse Lending Group, Inc. (IWLG), and Impac Funding Corporation (IFC), together with its wholly owned subsidiaries Impac Secured Assets Corp. (ISAC), and Impac Commercial Capital Corporation (ICCC). The REIT (IMH) is comprised of the long-term investment operations and the warehouse lending operations. The Taxable REIT Subsidiaries (TRS) include the Mortgage Operations and Commercial Operations, which are subsidiaries of the REIT. During the year ended December 31, 2007, it discontinued the non-conforming mortgage operations (IFC), commercial operations (ICCC), and warehouse lending operations (IWLG). |
