IMPAC Mortgage Holdings Inc Overview
Pro stress-test →IMPAC Mortgage Holdings engages in originating and brokering mortgage loans secured by residential real estate in the United States through its broker fulfillment model. The company provides real estate services including loss mitigation, distressed portfolio management, and default surveillance services to servicers, portfolio managers, and investors. On April 26, 2026, the company filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
Strategic Profile
Pro stress-test →IMPAC has been severely distressed in 2026, facing debt default challenges and operational constraints. Prior to bankruptcy, the company extended forbearance agreements with creditors multiple times (extended to June 1, 2026 in February 2026), signaling prolonged financial stress. The company now operates under Chapter 11 restructuring with focus on preserving net operating loss carryforwards as a core strategic imperative.
Competitive Landscape
Pro stress-test →Competitors in the mortgage origination and brokerage space include Garden State Home Loans, Huron Valley Financial, and New American Funding. The mortgage origination and brokerage market remains highly competitive with pricing pressure and rate-sensitive demand. IMPAC's bankruptcy filing reflects inability to compete effectively in the current high-rate environment.
Industry Context
IMPAC Mortgage Holdings Inc operates in Mortgage origination and brokerage.
Key facts
Founded: 1995 · Headquarters: Irvine, California · Employees: 18 (as of April 2026 bankruptcy filing) · Revenue: $8.6M (trailing 12 months as of December 2022) · Market cap: $2.9M (April 2026 petition date)