Impac Mortgage — Investor Presentation (September 2016)
8 slides from Impac Mortgage's investor presentation, Sep 27, 2016
Slide 1: Disclaimers
Disclaimers This presentation, and the accompanying oral presentation, contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections and assumptions with respect to, among other things,
Slide 2: Impac Today
Impac Today Nationwide, independent mortgage lender and provider of services related to the residential mortgage market Established in 1995, by principals with 20+ years of mortgage banking and servicing experience; headquartered in Irvine, CA Initially established as a REIT, and originated and acqu
Slide 3: Business Overview: National Multi-Channel Originator
Business Overview: National Multi-Channel Originator 2016 YTD from January 1, 2016 through August 31, 2016. Loan Origination Loan Servicing Retail Lending Correspondent Lending Wholesale Lending Servicing portfolio UPB of $8.6 billion as of August 31, 2016 MSRs valued at $77.9 million (91bps) as of
Slide 4: Diversified Model Well-Positioned for Interest Rate Changes
Diversified Model Well-Positioned for Interest Rate Changes Rate Environment Origination Servicing Rates Rise Yield Curve Shifts Upward / Yield Curve Steepens Slow-down of refinance business Initial acceleration of purchase business vs. refinance business Opportunities in wide-margin non-QM loan pro
Slide 5: Growth Strategies
Growth Strategies Capitalize on favorable market backdrop in the mortgage industry to enhance position as a leading publicly traded nationwide non-bank mortgage lender and servicer Capitalize on MSR Investment Opportunities Finance continued aggregation of high-quality MSR assets Attractive opportun
Slide 6: Key Financial Metrics
Key Financial Metrics {in mlhons, except per share amounts) Origination volume ‘Gain-on-sale margin (average) Servicing portfolio UPB MSR, fairvalue MSR, fairvalue a5 % of UPB ‘Weighted average coupon of servicing portfolio Total revenues GAAP net income [Non-GAAP operating netincome GAAP EPs, [Non-
Slide 7: Question and Answer
Question and Answer Pac
Slide 8: Slide 8
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