Impac Unveils Market Analysis Tool

Impac Mortgage Holdings Inc, a mortgage real estate investment trust based in Newport Beach, Calif., has launched iMAP (Impac Market Analysis Platform), a Web-based market research tool that provides mortgage brokers and correspondent lenders with analysis of a state or metropolitan market.The new product, unveiled at the MBA National Secondary Market Conference & Expo in Chicago, collates and analyzes a variety of delinquency and macroeconomic data that contribute to loan market performance, including the House Price Index, the Median Home Price Index, the unemployment rate, household income, quarterly mortgage origination data, and housing price appreciation. The Impac Risk Index then summarizes the information for a chosen state or metro area and assigns it a grade-point average score based on its overall market potential, the REIT said. Impac will update the index on a quarterly basis, based upon new economic and market data. The company can be found on the Web at http://www.impaccompanies.com.