QuickLinks -- Click here to rapidly navigate through this document

EXHIBIT 21.1

SUBSIDIARIES OF THE REGISTRANT

Name of Subsidiary	State of Incorporation
Impac Funding Corporation		California
IMH Assets Corp.		California
Integrated Real Estate Service Corporation(1)		Maryland

(1)

IRES owns 100% of Excel Mortgage Servicing, Inc, a California corporation, which owns 78.5% of AmeriHome Mortgage Corp, a Michigan corporation.

QuickLinks

EXHIBIT 21.1

SUBSIDIARIES OF THE REGISTRANT