Impac Mortgage Holdings, Inc. Announces Closing of $30 Million Credit Facility

Impac Mortgage Holdings, Inc. (NYSE MKT:

), announced today that it entered into a $30 million credit facility with Macquarie Group ("Macquarie") to provide liquidity needed to opportunistically retain mortgage servicing rights and to fund the continued growth of mortgage loan origination volumes. Mr. Joseph Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc., commented, "We are pleased to further our relationship with Macquarie Group and believe it is a significant accomplishment to raise capital, allowing us to continue to grow our mortgage lending platform. This transaction not only strengthens our liquidity, but also provides the ability to selectively retain mortgage servicing rights as well as a greater ability to take advantage of opportunities that