Aris Mortgage Holding Company, LLC signed a definitive agreement to acquire Amerihome Mortgage Corp from Integrated Real Estate Service Corporation for $10.2 million on December 3, 2013. The transaction includes the sale of AmeriHome's primarily agency servicing portfolio of approximately $700 million in unpaid principal balance. The transaction is subject to change of control requirements by the state, government agencies including Fannie Mae, Freddie Mac and Ginnie Mae and expected to close early in the first quarter of 2014.

The cash proceeds from the sale will allow Impac Mortgage to continue to build its mortgage servicing portfolio. Luke J. Valentino of Sidley Austin LLP acted as legal advisor to Aris Mortgage Holding Company, LLC. William J. Cernius of Latham & Watkins LLP acted as legal advisor to Excel Mortgage Servicing, Inc.