– USA, CA – Impac Mortgage Holdings, Inc. (NYSE:IMH) announced today that Thomas B. Akin has been appointed to the Company’s Board of Directors, effective May 23, 2017, bringing the total number of directors to seven.
Mr. Akin has been managing partner of the Talkot Fund for 20 years and has served on several boards in several capacities. Most recently, Mr. Akin held various positions at Dynex Capital, Inc. (NYSE:DX) in his almost 14 years there. The Talkot Fund focuses on financial institutions and was recently a participant in the $56 million capital raise by Impac. Mr. Akin also currently sits on the board of directors of Mobivity Holdings Corp. Mr. Akin holds an undergraduate degree from UC Santa Cruz and an MBA in Finance from UCLA.
Commenting on his appointment, Mr. Akin stated, “I’m pleased to join Impac and hope to contribute in maximizing the opportunity currently present for shareholders. In particular, I believe that the current growth of NonQM originations represents a tremendous business opportunity for which Impac is uniquely positioned.”
“It’s a great pleasure to welcome Tom to the Impac Board of Directors,” said Joe Tomkinson, Chairman and Chief Executive Officer of the Company. “Based on his previous positions as an executive officer and director at several large financial institutions and his position as managing member at Talkot Capital, we believe Mr. Akin brings deep experience and expertise in investing in the financial and investment industries.”
About the Company
Impac Mortgage Holdings, Inc. provides innovative mortgage lending and warehouse lending solutions, as well as real estate solutions that address the challenges of today’s economic environment. Impac’s operations include mortgage and warehouse lending, servicing, portfolio loss mitigation and real estate services as well as the management of the securitized long-term mortgage portfolio, which includes the residual interests in securitizations.
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