Impac Mortgage Holdings in Irvine, Calif., is currently in negotiations to acquire an unnamed mortgage originator, the company said in a recent regulatory filing.
The potential acquisition would assist Impac with the roll out of its ALT QM consumer loan program, the company said.
No additional details were provided. The company also said in the filing that it “can make no assurances that the acquiree will continue to negotiate until favorable terms can be reached.”
News of the possible deal comes one year after the company sold its retail branch network. It also sold its AmeriHome Mortgage platform, along with $700 million mortgage servicing rights portfolio, in December 2013.