Impac, Angel Oak Focus on Non-QM with Mixed Results

National Mortgage News, Aug. 13, 2021–Bonnie Sinnock (subscription)
Non-qualified mortgage specialist Angel Oak Mortgage, which went public in June, recorded quarter-to-date net income of $2.2 million and acquired $395.5 million in new loans. Impac Mortgage Holdings, which originates a mix of non-QM and government-sponsored enterprise loans, recorded a $8.9 million second-quarter net loss that improved on the -$23 million recorded a year ago.