Impac Mortgage Holdings Inc. announced that they will report Q3, 2009 results after the market closes on November 09, 2009.

Impac Mortgage Holdings Inc., Q3 2009 Earnings Call, Nov-10-2009

On October 30, 2009, Impac Mortgage Holdings Inc. along with its subsidiaries, Impac Funding Corporation, Impac Warehouse Lending Group Inc. and Integrated Real Estate Service Corporation entered into a settlement agreement with UBS Real Estate Securities Inc., the company's remaining reverse repurchase facility lender, with regards to the amended and restated master repurchase agreement, which was entered into with UBS on September 11, 2008. The settlement agreement retires and terminates the repurchase agreement and the related obligations of the parties by removing any further exposure associated with the borrowing or the loans that secured the borrowing, except for certain indemnification agreements. Pursuant to the terms of the settlement agreement, the company settled the approximate $140.0 million balance of the net borrowing under the repurchase agreement by transferring to UBS the mortgage loans securing the borrowing, making a cash payment to UBS of $20 million and entering into a credit agreement with UBS dated as of October 30, 2009 for an aggregate original principal balance of approximately $33.85 million. The borrowing under the Credit Agreement is to be paid over 18 months with monthly payments of $1.5 million at an interest rate of one-month LIBOR plus 350 basis points; provided, however, that a $10.0 million principal payment is due by April 30, 2010. The settlement note is not secured by any assets. The borrowing under the credit agreement may be prepaid by the company at any time; provided that if the entire borrowing is repaid on or before December 31, 2009, then $5.0 million will be deducted from the amount due.