Impac Mortgage Holdings, Inc. Appoints Katherine J. Blair to the Company’s Board of Directors
December 12, 2019 at 05:18 pm EST
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On December 11, 2019, the board of directors of Impac Mortgage Holdings, Inc. appointed Katherine J. Blair to serve as a director, effective as of such date. The Company’s Board now consists of six directors. Ms. Blair will receive the compensation currently in effect for non-employee directors. At this time, Ms. Blair has not been appointed to serve on any committees of the Board. Ms. Blair has practiced law for over 20 years, specializes in corporate and transactional matters, and is a partner at Manatt, Phelps & Phillips, LLP in Los Angeles. The Board of Directors has determined that she is independent under Section 803 of the NYSE American LLC Company Guide.
Impac Mortgage Holdings, Inc. is an independent residential mortgage lender that originates, sells, and services residential mortgage loans. The Companyâs operations include mortgage lending, servicing, portfolio loss mitigation, real estate services, and the management of the securitized long-term mortgage portfolio. Its segments include Mortgage Lending, Long-Term Mortgage Portfolio and Real Estate Services. The Mortgage Lending segment provides mortgage lending products through two lending channels, retail and wholesale and retains mortgage servicing rights. The Long-Term Mortgage Portfolio segment consists of residual interests in securitization trusts. The Real Estate Services segment performs master servicing and provides loss mitigation services for primarily its securitized long-term mortgage portfolio. It provides loss mitigation and real estate services primarily on its own long-term mortgage portfolio, including default surveillance, short sale service, and other services.