SEC Filing - IMPAC Mortgage Holdings, Inc.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURTIES AND EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): August 30, 2002 IMPAC MORTGAGE HOLDINGS, INC. (Exact Name of Registrant as Specified in its Charter) Maryland 0-19861 33-0675505 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 1401 Dove Street Newport Beach, CA 92660 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (949) 475-3600

Item 9. Regulation FD Impac Mortgage Holdings, Inc. ("IMH"), a real estate investment trust ("REIT"), is announcing the posting of its unaudited Monthly Fact Sheet, which will be available on the Company's web site at www.impaccompanies.com. - ------------------------------------------------------------------------------------------------------------------- For the Month End For the ------------------------ Year Ended The REIT (in millions) 7/31/02 6/30/02 12/31/01 - ------------------------------------------------------------------------------------------------------------------- Total Assets $ 4,511.5 $ 4,281.9 $ 2,854.7 - ------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------- Long Term Investment Operations - ------------------------------------------------------------------------------------------------------------------- (in millions, except Average Size of Loan) - ------------------------------------------------------------------------------------------------------------------- Collateralized Mortgage Obligations ("CMO") Collateral (a) $ 3,498.8 $ 3,438.1 $ 2,229.2 - ------------------------------------------------------------------------------------------------------------------- Finance Receivables (b) $ 711.7 $ 569.3 $ 466.6 - ------------------------------------------------------------------------------------------------------------------- Mortgage Loans Held For Investment ("LHFI")(c) $ 129.4 $ 10.7 $ 20.1 - ------------------------------------------------------------------------------------------------------------------- Investment Securities Available for Sale (d) $ 28.5 $ 28.1 $ 33.0 - ------------------------------------------------------------------------------------------------------------------- Total Mortgage Assets (a+b+c+d) $ 4,368.4 $ 4,046.2 $ 2,748.9 - ------------------------------------------------------------------------------------------------------------------- Total Gross Loan Receivables (a+b+c) $ 4,339.9 $ 4,018.1 $ 2,715.9 - ------------------------------------------------------------------------------------------------------------------- Gross Loan Receivables - ------------------------------------------------------------------------------------------------------------------- Percentage of Fixed 5% 6% 13% - ------------------------------------------------------------------------------------------------------------------- Percentage of Adjustable 95% 94% 87% - ------------------------------------------------------------------------------------------------------------------- Weighted Average Coupon 7.04% 7.13% 7.94% - ------------------------------------------------------------------------------------------------------------------- Weighted Average Margin 3.12% 3.15% 3.43% - ------------------------------------------------------------------------------------------------------------------- Weighted Average Loan to Value 83% 83% 83% - ------------------------------------------------------------------------------------------------------------------- Average Size of Loan (in thousands) $ 204.8 $ 202.5 $ 178.9 - ------------------------------------------------------------------------------------------------------------------- Credit Grade: "A, A-" 96% 96% 94% - ------------------------------------------------------------------------------------------------------------------- Credit Grade: "B" and Below 4% 4% 6% - ------------------------------------------------------------------------------------------------------------------- Total Nonperforming Loans (90 days+, including real estate owned) $ 93.7 $ 88.1 $ 69.3 - ------------------------------------------------------------------------------------------------------------------- Loan Delinquency Rate (60 days +) 3.04% 3.10% 3.84% - ------------------------------------------------------------------------------------------------------------------- CMO Prepayment Amount $ 65.6 $ 70.0 $ 51.9 - ------------------------------------------------------------------------------------------------------------------- Warehouse Lending Operations (in millions) - ------------------------------------------------------------------------------------------------------------------- Average Outstanding Finance Receivables with External Customers $ 297.8 $ 267.2 $ 205.5 - ------------------------------------------------------------------------------------------------------------------- Average Finance Receivables $ 587.6 $ 691.1 $ 474.5 - ------------------------------------------------------------------------------------------------------------------- Total Outstanding Warehouse Lines Approved to External Customers $ 542.5 $ 498.0 $ 447.0 - ------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------- Mortgage Operations (in millions, except Master Servicing Portfolio) - ------------------------------------------------------------------------------------------------------------------- Portfolio) - ------------------------------------------------------------------------------------------------------------------- Total Loan Acquisitions and Originations $ 551.2 $ 491.6 $ 3,203.6 - ------------------------------------------------------------------------------------------------------------------- Percentage of Fixed 34% 33% 51% - ------------------------------------------------------------------------------------------------------------------- Percentage of Adjustable 66% 67% 49% - ------------------------------------------------------------------------------------------------------------------- Master Servicing Portfolio (in billions) $ 7.2 $ 6.9 $ 5.6 - ------------------------------------------------------------------------------------------------------------------- Weighted Average Coupon 7.90% 8.02% 8.71% - ------------------------------------------------------------------------------------------------------------------- Loan Delinquency Rate (60+ days) 4.53% 4.70% 5.38% - ------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------- Impac Direct Access System for Lending - ------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------- IDASL Utilization(in millions) - ------------------------------------------------------------------------------------------------------------------- IDASL Volume Submitted * $ 1,753.4 $ 1,452.1 $ 9,538.8 - ------------------------------------------------------------------------------------------------------------------- Approval Rate 70% 68% 69% - ------------------------------------------------------------------------------------------------------------------- * Includes IDASLg2 - -------------------------------------------------------------------------------- No opinion, advice, statement or other information ("Information") contained or provided herein or hereby is intended or shall be construed as a prediction of the performance of any security, fund, or obligation. Reliance upon any Information shall be at the sole risk of the reader. Prior to the execution of a purchase or sale of any security or investment, you are advised to consult with your broker or other financial advisor or other professionals as appropriate. Neither IMPAC, its affiliates, information providers nor content providers shall have any liability for investment decisions based upon, or the results obtained from the Information. The Information provided herein is unaudited and neither IMPAC, its affiliates, information providers nor content providers guarantee nor warrant the timeliness, sequence, accuracy, or completeness of the Information. Nothing contained in this Web site is intended to be, nor shall be construed as, investment advice. You acknowledge that the Information is not provided for trading purposes. - --------------------------------------------------------------------------------

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized. IMPAC MORTGAGE HOLDINGS, INC. Date: August 30, 2002 By: /s/ Richard J. Johnson ----------------------------------- Name: Richard J. Johnson Title: Executive Vice President and Chief Financial Officer