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Some Eyeing Wholesale After B of A?s Departure

By Implode-Explode Heavy Industries

``... now that refinancings are humming along, it appears that more firms are eyeing the sector, including nonbanks and depositories alike... And the latest entrant to the business is an "oldie but goodie"?Impac Mortgage Holding of Irvine, Calif., a once-high-flying alt-A lender that crashed during the subprime meltdown, was delisted, but somehow avoided bankruptcy. According to rate sheets supplied by loan brokers to National Mortgage News, Impac is now up and running with a wholesale program and has named Steven Curry its national sales director. (Prior to its delisting, Impac was a correspondent and wholesale lender with very little retail.)''

Full post as published by Mortgage Lender Implode-o-Meter on November 23, 2010 (boomark / email).