Impac Mortgage Holdings, Inc. (NYSE:IMH) , or the “Company,” a Maryland corporation, being taxed as a real estate investment trust (”REIT”), issues a correction to the previously announced release dated March 29, 2007 regarding the ex-dividend date of its common stock. The correct ex-dividend date is April 4, 2007 not April 3, 2007 as previously stated. The first quarter 2007 common stock dividend will be paid on April 17, 2007 to stockholders of record on April 9, 2007. (more…)

Webster Financial Corporation (NYSE:WBS) , the holding company for Webster Bank, N.A., announced today the sale of its People’s Mortgage Corporation (PMC) branch offices in Severna Park and Rockville, Maryland, and Hamden CT to 1st Mariner Mortgage, a division of 1st Mariner Bank of Baltimore, MD. Terms of the transaction were not disclosed. (more…)

In what Steve Smith, Chief Executive Officer of The PMI Group, Inc. (NYSE:PMI) and PMI Mortgage Insurance Co., called a welcome development for U.S. homebuyers, a bipartisan coalition of legislators today introduced a bill to make permanent the federal tax deduction for mortgage insurance premiums for borrowers making $109,000 or less. (more…)

It’s the classic story of achieving the American Dream: a young boy — born in a small one-room, dirt- floor house with no electricity or running water — spends much of his childhood laboring in the fields near his small Mexican village. As a teenager, he comes to the U.S. to attend school, learn English and find a job. As an adult, he is able to save enough to purchase his first home. Through a few more real estate investments, he begins to build the wealth for himself, his wife and two children that he couldn’t possibly imagine as a small boy living in poverty. (more…)

Joseph R. Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc. (NYSE:IMH) , or the “Company,” a Maryland corporation, being taxed as a real estate investment trust (”REIT”), announces the Board of Director’s approval of the first quarter 2007 dividend of $0.10 per common share. The first quarter dividend will be paid on April 17, 2007 to stockholders of record on April 9, 2007. The ex-dividend date will be April 3, 2007. (more…)

Tupelo, Mississippi based BancorpSouth today said that its banking customers who subscribe to the AT&T Mobility wireless service can now download the BancorpSouth mobile banking application directly to their cell phone or PDA, where they can access the application anywhere and at any time. (more…)

According to Bankrate, fixed mortgage rates moved higher following the Fed’s stated concerns about inflation. The average 30- year fixed mortgage rate rose to 6.22 percent. According to Bankrate.com’s weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.28 discount and origination points. (more…)

Co-operative Bank has launched a new unique first time buyer cashback mortgage aimed at helping first time buyers (FTB’s) onto the property ladder. The new mortgage comes with the following features a 1% cashback to cover stamp duty or other fees that first time buyers may incur, a 4.5x income multiples (5x for graduates), a fixed rate of 6.29% for 5 years, No deposit required, Guarantor option available(x), a Home movers pack, and Free basic valuation. (more…)

At a recent Tavant Technologies Executive Dinner event, mortgage industry analyst Craig Focardi urged the mortgage industry to adopt a “multi-pronged” approach to automate and align business processes. (more…)

W.J. Bradley Company Merchant Partners, LLC (WJB), an acquisition firm that is consolidating small and medium sized mortgage brokers and banks, has reached a definitive agreement to acquire SB Financial, Inc., a Los Angeles-based mortgage broker. The SB Financial acquisition is the 10th mortgage company acquisition that W.J. Bradley has made in the past two years. Terms of the transaction were not released. (more…)