-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VGWa7kRFOwCmt/EJ4dKqGkvEg59eYgxGX6ByH82vDiJSSb8ElArEgWNAWJ/HQWfl JhvNPy4MBR1VUW9t65r01Q== 0000882377-98-000031.txt : 19980128 0000882377-98-000031.hdr.sgml : 19980128 ACCESSION NUMBER: 0000882377-98-000031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 19980126 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980126 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMH ASSETS CORP CENTRAL INDEX KEY: 0001017447 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 330705301 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-06637 FILM NUMBER: 98512869 BUSINESS ADDRESS: STREET 1: 20371 IRVINE AVE CITY: SANTA ANA HEIGHTS STATE: CA ZIP: 92707 BUSINESS PHONE: 7145560122 MAIL ADDRESS: STREET 1: 20371 IRVINE AVENUE CITY: SANTA ANA HEIGHTS STATE: CA ZIP: 92707 8-K 1 IMH ASSETS CORP. - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 26, 1998 IMH ASSETS CORP. (as depositor under the Trust Agreement, dated as of May 1, 1997, and pursuant to which an Indenture was entered into, providing for, inter alia, the issuance of Collateralized Asset-Backed Bonds, Series 1997-1) IMH ASSETS CORP. ------------------------------------------------------------------------ (Exact name of registrant as specified in its charter) CALIFORNIA 333-38879 33-0705301 - ---------------------------- ----------- ---------------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 20371 Irvine Avenue Santa Ana Heights, California 92707 --------------------- ---------- (Address of Principal (Zip Code) Executive Offices) Registrant's telephone number, including area code, is (714) 556-0122 Item 5. Other Events Attached hereto are copies of the monthly remittance statements to the Bondholders, which were distributed to the Bondholders by the Trustee. Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (a) Not applicable (b) Not applicable (c) Exhibits: Item 601(a) of Regulation S-K Exhibit No. Description ----------- ----------- 99.1 Monthly remittance statement to the Bondholders dated May 30, 1997. 99.2 Monthly remittance statement to the Bondholders dated June 30, 1997. 99.3 Monthly remittance statement to the Bondholders dated July 31, 1997. 99.4 Monthly remittance statement to the Bondholders dated August 29, 1997. 99.5 Monthly remittance statement to the Bondholders dated September 30, 1997. 99.6 Monthly remittance statement to the Bondholders dated October 31, 1997. 99.7 Monthly remittance statement to the Bondholders dated November 28, 1997. -2- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IMPERIAL CMB TRUST SERIES 1997-1 IMH ASSETS CORP. By: /s/ Richard J. Johnson ------------------------------- Name: Richard J. Johnson Title: Chief Financial Officer Dated: January 26, 1998 -3- EXHIBIT INDEX DESCRIPTION Monthly remittance statement to the Bondholders dated May 30, 1997. Monthly remittance statement to the Bondholders dated June 30, 1997. Monthly remittance statement to the Bondholders dated July 31, 1997. Monthly remittance statement to the Bondholders dated August 29, 1997. Monthly remittance statement to the Bondholders dated September 30, 1997. Monthly remittance statement to the Bondholders dated October 31, 1997. Monthly remittance statement to the Bondholders dated November 28, 1997. -4- EXHIBITS -5- EX-99.1 2 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 348,073,445.00 348,073,445.00 1,542,182.91 3,814,021.35 5,356,204.26 0.00 0.00 344,259,423.65 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 348,073,445.00 348,073,445.00 1,542,182.91 3,814,021.35 5,356,204.26 0.00 0.00 344,259,423.65 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AB6 1,000.000000 4.430625 10.957519 15.388144 989.042481 5.907500% 6.190000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: May 30, 1997 Irvine, CA 92614 DISTRIBUTION DATE: June 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------
Page 1 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 TRUST CERTIFICATES SERIES 1996-1 STATEMENT TO CERTIFICATEHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ CERTIFICATES 0.00 0.00 1,037,098.71 0.00 1,037,098.71 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 1,037,098.71 0.00 1,037,098.71 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ CERTIFICATES 0.000000 2.979540 0.000000 2.979540 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: May 30, 1997 Irvine, CA 92614 DISTRIBUTION DATE: June 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------
Page 1 of 1 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: June 25, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ DELINQUENT AND LOANS LOANS LOANS FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS IN IN IN INFORMATION DAYS DAYS DAYS BANKRUPTCY FORECLOSURE REO - ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL BALANCE 0.00 0.00 0.00 181,855.98 1,462,398.02 0.00 PERCENTAGE OF POOL BALANCE 0.0000% 0.0000% 0.0000% 0.0515% 0.4145% 0.0000% NUMBER OF LOANS 0 0 0 4 11 0 PERCENTAGE OF LOANS 0.0000% 0.0000% 0.0000% 0.1480% 0.4071% 0.0000%
Note: Quantity and Principal Balance of Foreclosures, Bankruptcies & REO Properties are not included in the delinquency figures above.
ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: SEE ATTACHED, IF ANY) AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 2,630,641.81 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 3,814,021.96 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 6,444,663.77 ------------ CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,542,182.91 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 3,814,021.35 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 0.00 CURRENT PERIOD AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT CUMULATIVE AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT PERIOD INSURED PAYMENTS MADE BY BOND INSURER UNDER THE BOND INSURANCE POLICY: 0.00 CURRENT CUMULATIVE UNREIMBURSED INSURED PAYMENTS MADE BY BOND INSURER: 0.00 CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: 352,818,606.74 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 8.8516% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 1,037,098.10 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.61
- -------------------------------------------------------------------------------- Page 2 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ----------------------------------------------------------------------------------------------------------------------------------- Distribution Date: June 25, 1997 - ----------------------------------------------------------------------------------------------------------------------------------- AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 0.00 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 0.00 ---- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 0.00 ---- AMOUNT OF PREPAYMENT INTEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 1,149.21 AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 1,149.21 AMOUNT OF RELIEF ACT SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 0.00 AMOUNT OF ANY DEFERRED INTEREST ADDITION: 0.00 CURRENT PERIOD BOND INTEREST SHORTFALL AMOUNT: 0.00 CURRENT CUMULATIVE UNPAID BOND INTEREST SHORTFALL AMOUNT: 0.00 MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE: 15.4180% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 9.3110% AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: 0.00 CUMULATIVE LOSS PERCENTAGE FOR THE RELATED PAYMENT DATE: 0.0000% DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 0.0000% ROLLING DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 0.0000%
- ------------------------------------------------------------------------------- Page 3 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: June 25, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 0 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE: 0.00
- -------------------------------------------------------------------------------- Page 4 of 4 (C) COPYRIGHT 1997 Bankers Trust Company EX-99.2 3 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 348,073,445.00 344,259,423.65 1,712,690.63 6,138,882.96 7,851,573.59 0.00 0.00 338,120,540.69 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 348,073,445.00 344,259,423.65 1,712,690.63 6,138,882.96 7,851,573.59 0.00 0.00 338,120,540.69 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AB6 989.042481 4.920486 17.636746 22.557232 971.405735 5.970000% 6.127500%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: June 30, 1997 Irvine, CA 92614 DISTRIBUTION DATE: July 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------
Page 1 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 TRUST CERTIFICATES SERIES 1996-1 STATEMENT TO CERTIFICATEHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ CERTIFICATES 0.00 0.00 855,821.47 0.00 855,821.47 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 855,821.47 0.00 855,821.47 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ CERTIFICATES 0.000000 2.458738 0.000000 2.458738 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: June 30, 1997 Irvine, CA 92614 DISTRIBUTION DATE: July 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------
Page 1 of 1 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: July 25, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ DELINQUENT AND LOANS LOANS LOANS FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS IN IN IN INFORMATION DAYS DAYS DAYS BANKRUPTCY FORECLOSURE REO - ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL BALANCE 11,417,900.53 1,889,503.97 287,999.96 0.00 5,543,554.28 277,180.23 PERCENTAGE OF POOL BALANCE 3.2935% 0.5450% 0.0831% 0.0000% 1.5990% 0.0800% NUMBER OF LOANS 98 20 2 0 48 3 PERCENTAGE OF LOANS 3.6898% 0.7530% 0.0753% 0.0000% 1.8072% 0.1130%
Note: Quantity and Principal Balance of Foreclosures, Bankruptcies & REO Properties are not included in the delinquency figures above.
ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: (SEE ATTACHED, IF ANY) AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 2,161,931.99 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 6,110,840.40 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 8,272,772.39 ------------ CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,712,690.63 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 6,138,882.96 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 0.00 CURRENT PERIOD AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT CUMULATIVE AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT PERIOD INSURED PAYMENTS MADE BY BOND INSURER UNDER THE BOND INSURANCE POLICY: 0.00 CURRENT CUMULATIVE UNREIMBURSED INSURED PAYMENTS MADE BY BOND INSURER: 0.00 CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: 346,679,723.78 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 8.9088% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 855,821.47 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00
- -------------------------------------------------------------------------------- Page 2 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: July 25, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 28,042.56 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 457,379.30 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 485,421.86 ---------- AMOUNT OF PREPAYMENT INTEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 20,626.36 AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 20,626.36 AMOUNT OF RELIEF ACT SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 0.00 AMOUNT OF ANY DEFERRED INTEREST ADDITION: 0.00 CURRENT PERIOD BOND INTEREST SHORTFALL AMOUNT: 0.00 CURRENT CUMULATIVE UNPAID BOND INTEREST SHORTFALL AMOUNT: 0.00 MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE: 15.4180% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 8.4407% AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: 0.00 CUMULATIVE LOSS PERCENTAGE FOR THE RELATED PAYMENT DATE: 0.0000% DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 1.0528% ROLLING DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 0.1755%
- ------------------------------------------------------------------------------- Page 3 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: July 25, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 0 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE: 0.00
- -------------------------------------------------------------------------------- Page 4 of 4 (C) COPYRIGHT 1997 Bankers Trust Company EX-99.3 4 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- BONDS 348,073,445.00 338,120,540.69 1,720,023.89 8,216,467.49 9,936,491.38 0.00 0.00 329,904,073.20 - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 348,073,445.00 338,120,540.69 1,720,023.89 8,216,467.49 9,936,491.38 0.00 0.00 329,904,073.20 - -----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ----------------------------------------------------------------------------------------------------------------------------- BONDS 452628AB6 971.405735 4.941554 23.605557 28.547111 947.800178 5.907500% 6.065000%
- ---------------------------------------------------------------------------------------------------------------------------------- SELLER: ICI Funding Corporation ADMINISTRATOR: Joe Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: July 31, 1997 Irvine, CA 92614 DISTRIBUTION DATE: August 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ----------------------------------------------------------------------------------------------------------------------------------
Page 1 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO CERTIFICATEHOLDERS - ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- CERTIFICATES 0.00 0.00 829,825.68 0.00 829,825.68 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 0.00 0.00 829,825.68 0.00 829,825.68 0.00 0.00 0.00 - -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------- CERTIFICATES 0.000000 2.384053 0.000000 2.384053 0.000000 0.000000% 0.000000%
- ---------------------------------------------------------------------------------------------------------------------------------- SELLER: ICI Funding Corporation ADMINISTRATOR: Joe Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: July 31, 1997 Irvine, CA 92614 DISTRIBUTION DATE: August 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ----------------------------------------------------------------------------------------------------------------------------------
Page 1 of 1 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ----------------------------------------------------------------------------------------------------------------------------------- Distribution Date: August 25, 1997 - ----------------------------------------------------------------------------------------------------------------------------------- DELINQUENT AND LOANS LOANS LOANS FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS IN IN IN INFORMATION DAYS DAYS DAYS BANKRUPTCY FORECLOSURE REO - ----------------------------------------------------------------------------------------------------------------------------------- PRINCIPAL BALANCE 15,424,305.07 2,644,768.63 0.00 467,713.70 8,216,298.68 0.00 PERCENTAGE OF POOL BALANCE 4.5572% 0.7814% 0.0000% 0.1382% 2.4275% 0.0000% NUMBER OF LOANS 121 20 0 6 76 0 PERCENTAGE OF LOANS 4.6556% 0.7695% 0.0000% 0.2309% 2.9242% 0.0000% - -----------------------------------------------------------------------------------------------------------------------------------
Note: Quantity and Principal Balance of Foreclosures, Bankruptcies & REO Properties are not included in the delinquency figures above.
ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: (SEE ATTACHED, IF ANY) AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 1,827,730.96 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 8,165,510.56 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 9,993,241.52 ------------ CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,720,023.89 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 8,216,467.49 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 0.00 CURRENT PERIOD AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT CUMULATIVE AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT PERIOD INSURED PAYMENTS MADE BY BOND INSURER UNDER THE BOND INSURANCE POLICY: 0.00 CURRENT CUMULATIVE UNREIMBURSED INSURED PAYMENTS MADE BY BOND INSURER: 0.00 CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: 338,463,256.29 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 8.9988% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 829,825.68 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 - -----------------------------------------------------------------------------------------------------------------
Page 2 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ---------------------------------------------------------------------------------------------------------- Distribution Date: August 25, 1997 - ---------------------------------------------------------------------------------------------------------- AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 50,956.93 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 772,013.85 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 822,970.78 ---------- AMOUNT OF PREPAYMENT INTEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 41,093.08 AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 41,093.08 AMOUNT OF RELIEF ACT SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 0.00 AMOUNT OF ANY DEFERRED INTEREST ADDITION: 0.00 CURRENT PERIOD BOND INTEREST SHORTFALL AMOUNT: 0.00 CURRENT CUMULATIVE UNPAID BOND INTEREST SHORTFALL AMOUNT: 0.00 MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE: 15.4180% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 8.2615% AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: 0.00 CUMULATIVE LOSS PERCENTAGE FOR THE RELATED PAYMENT DATE: 0.0000% DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 0.3989% ROLLING DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 0.2419% - -------------------------------------------------------------------------------------------------------------
Page 3 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - -------------------------------------------------------------------------------------------------------------- Distribution Date: August 25, 1997 - -------------------------------------------------------------------------------------------------------------- NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 0 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE: 0.00 - ---------------------------------------------------------------------------------------------------------------
Page 4 of 4 (C) COPYRIGHT 1997 Bankers Trust Company EX-99.4 5 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 348,073,445.00 329,904,073.20 1,660,471.35 9,238,739.70 10,899,211.05 0.00 0.00 320,665,333.50 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 348,073,445.00 329,904,073.20 1,660,471.35 9,238,739.70 10,899,211.05 0.00 0.00 320,665,333.50 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------- BONDS 452628AB6 947.800178 4.770463 26.542501 31.312963 921.257677 5.845000% 6.127500%
- ----------------------------------------------------------------------------------------------------------------------------------- SELLER: ICI Funding Corporation ADMINISTRATOR: Joe Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: August 29, 1997 Irvine, CA 92614 DISTRIBUTION DATE: September 25, 1997 FACTOR INFORMATION: (800) 735-7777 - -----------------------------------------------------------------------------------------------------------------------------------
Page 1 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO CERTIFICATEHOLDERS - ---------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ---------------------------------------------------------------------------------------------------------------------------------- CERTIFICATES 0.00 0.00 842,420.54 0.00 842,420.54 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- TOTALS 0.00 0.00 842,420.54 0.00 842,420.54 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - --------------------------------------------------------------------------------------------------------------------------------- CERTIFICATES 0.000000 2.420238 0.000000 2.420238 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joe Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: August 29, 1997 Irvine, CA 92614 DISTRIBUTION DATE: September 25, 1997 FACTOR INFORMATION: (800) 735-7777 - -----------------------------------------------------------------------------------------------------------------------------------
Page 1 of 1 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: September 25, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ DELINQUENT AND FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS INFORMATION DAYS DAYS DAYS TOTAL PRINCIPAL BALANCE 13,994,190.14 783,184.40 412,040.84 15,189,415.38 PERCENTAGE OF POOL BALANCE 4.2507% 0.2379% 0.1252% 4.6137% NUMBER OF LOANS 122 10 4 136 PERCENTAGE OF LOANS 4.8126% 0.3945% 0.1578% 5.3649% FORECLOSURE LOAN INFORMATION: PRINCIPAL BALANCE 0.00 2,631,575.31 6,844,242.30 9,475,817.61 PERCENTAGE OF POOL BALANCE 0.0000% 0.7993% 2.0789% 2.8782% NUMBER OF LOANS 0 21 63 84 PERCENTAGE OF LOANS 0.0000% 0.8284% 2.4852% 3.3136% BANKRUPTCY LOAN INFORMATION: PRINCIPAL BALANCE 0.00 0.00 471,778.50 791,208.49 PERCENTAGE OF POOL BALANCE 0.0000% 0.0000% 0.1433% 0.2403% NUMBER OF LOANS 0 0 4 9 PERCENTAGE OF LOANS 0.0000% 0.0000% 0.1578% 0.3550% REO LOAN INFORMATION: PRINCIPAL BALANCE 0.00 0.00 0.00 0.00 PERCENTAGE OF POOL BALANCE 0.0000% 0.0000% 0.0000% 0.0000% NUMBER OF LOANS 0 0 0 0 PERCENTAGE OF LOANS 0.0000% 0.0000% 0.0000% 0.0000%
- ----------------------------------------------------------------------------------------------------------------------------------- ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: (SEE ATTACHED, IF ANY) AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 1,757,656.49 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 9,187,834.32 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 10,945,490.81 ------------- CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,660,471.35 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 9,238,739.70 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 0.00 CURRENT PERIOD AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT CUMULATIVE AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT PERIOD INSURED PAYMENTS MADE BY BOND INSURER UNDER THE BOND INSURANCE POLICY: 0.00 CURRENT CUMULATIVE UNREIMBURSED INSURED PAYMENTS MADE BY BOND INSURER: 0.00 - ------------------------------------------------------------------------------------------------------------------------------------
Page 2 of 4 (C) COPYRIGHT 1997 Bankers Trust Company IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS
Distribution Date: September 25, 1997 - ----------------------------------------------------------------------------------------------------------------------------------- CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: 329,224,516.59 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 9.0465% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 842,420.54 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 50,905.38 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 793,920.76 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 844,826.14 ---------- AMOUNT OF PREPAYMENT INTEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 39,664.46 AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 39,664.46 AMOUNT OF RELIEF ACT SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 0.00 AMOUNT OF ANY DEFERRED INTEREST ADDITION: 0.00 CURRENT PERIOD BOND INTEREST SHORTFALL AMOUNT: 0.00 CURRENT CUMULATIVE UNPAID BOND INTEREST SHORTFALL AMOUNT: 0.00 MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE: 15.4180% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 8.3140% - ------------------------------------------------------------------------------------------------------------------------------------
Page 3 of 4 (C) COPYRIGHT 1997 Bankers Trust Company IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS
Distribution Date: September 25, 1997 - ---------------------------------------------------------------------------------------------------- AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: 0.00 CUMULATIVE LOSS PERCENTAGE FOR THE RELATED PAYMENT DATE: 0.0000% DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 2.3474% ROLLING DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 0.9498% NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 0 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE: 0.00 - --------------------------------------------------------------------------------------------------
Page 4 of 4 (C) COPYRIGHT 1997 Bankers Trust Company EX-99.5 6 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 348,073,445.00 320,665,333.50 1,683,849.30 8,071,593.22 9,755,442.52 0.00 0.00 312,593,740.28 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 348,073,445.00 320,665,333.50 1,683,849.30 8,071,593.22 9,755,442.52 0.00 0.00 312,593,740.28 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AB6 921.257677 4.837626 23.189339 28.026966 898.068338 5.907500% 6.127500%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joe Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: September 30, 1997 Irvine, CA 92614 DISTRIBUTION DATE: October 27, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------
Page 1 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO CERTIFICATEHOLDERS - -------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - -------------------------------------------------------------------------------------------------------------------------------- CERTIFICATES 0.00 0.00 769,427.42 0.00 769,427.42 0.00 0.00 0.00 - -------------------------------------------------------------------------------------------------------------------------------- TOTALS 0.00 0.00 769,427.42 0.00 769,427.42 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - --------------------------------------------------------------------------------------------------------------------------------- CERTIFICATES 0.000000 2.210532 0.000000 2.210532 0.000000 0.000000% 0.000000%
- --------------------------------------------------------------------------------------------------------------------------------- SELLER: ICI Funding Corporation ADMINISTRATOR: Joe Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: September 30, 1997 Irvine, CA 92614 DISTRIBUTION DATE: October 27, 1997 FACTOR INFORMATION: (800) 735-7777 - ---------------------------------------------------------------------------------------------------------------------------------
Page 1 of 1 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------ Distribution Date: October 27, 1997 - ------------------------------------------------------------------------------------------------ DELINQUENT AND FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS INFORMATION DAYS DAYS DAYS TOTAL - ------------------------------------------------------------------------------------------------ PRINCIPAL BALANCE 13,262,010.13 2,713,841.71 63,553.17 16,039,405.01 PERCENTAGE OF POOL BALANCE 4.1295% 0.8450% 0.0198% 4.9943% NUMBER OF LOANS 122 21 1 144 PERCENTAGE OF LOANS 4.9393% 0.8502% 0.0405% 5.8300% FORECLOSURE LOAN INFORMATION: PRINCIPAL BALANCE 33,200.00 2,026,268.03 7,705,916.19 10,361,713.02 PERCENTAGE OF POOL BALANCE 0.0103% 0.6309% 2.3995% 3.2264% NUMBER OF LOANS 1 18 69 89 PERCENTAGE OF LOANS 0.0405% 0.7287% 2.7935% 3.6032% BANKRUPTCY LOAN INFORMATION: PRINCIPAL BALANCE 133,174.87 0.00 896,846.62 1,182,835.43 PERCENTAGE OF POOL BALANCE 0.0415% 0.0000% 0.2793% 0.3683% NUMBER OF LOANS 2 0 8 13 PERCENTAGE OF LOANS 0.0810% 0.0000% 0.3239% 0.5263% REO LOAN INFORMATION: PRINCIPAL BALANCE 0.00 0.00 0.00 0.00 PERCENTAGE OF POOL BALANCE 0.0000% 0.0000% 0.0000% 0.0000% NUMBER OF LOANS 0 0 0 0 PERCENTAGE OF LOANS 0.0000% 0.0000% 0.0000% 0.0000% - -----------------------------------------------------------------------------------------------------------------------------
ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: (SEE ATTACHED, IF ANY) AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 1,695,060.32 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 8,021,457.75 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 9,716,518.07 ------------ CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,683,849.30 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 8,071,593.22 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 0.00 CURRENT PERIOD AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT CUMULATIVE AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT PERIOD INSURED PAYMENTS MADE BY BOND INSURER UNDER THE BOND INSURANCE POLICY: 0.00 CURRENT CUMULATIVE UNREIMBURSED INSURED PAYMENTS MADE BY BOND INSURER: 0.00 - ----------------------------------------------------------------------------------------------------------------------
Page 2 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------- Distribution Date: October 27, 1997 - ------------------------------------------------------------------------------------------------------------------- CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: 321,152,923.37 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 9.1145% CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY: 350 CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 769,427.42 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 50,135.47 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 805,541.37 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 855,676.84 ---------- AMOUNT OF PREPAYMENT INTEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 32,857.99 AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 32,857.99 AMOUNT OF RELIEF ACT SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 0.00 AMOUNT OF ANY DEFERRED INTEREST ADDITION: 0.00 CURRENT PERIOD BOND INTEREST SHORTFALL AMOUNT: 0.00 CURRENT CUMULATIVE UNPAID BOND INTEREST SHORTFALL AMOUNT: 0.00 MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE: 15.4180% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 8.1256% - ---------------------------------------------------------------------------------------------------------------------
Page 3 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - -------------------------------------------------------------------------------------------------------- Distribution Date: October 27, 1997 - -------------------------------------------------------------------------------------------------------- AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: 0.00 CUMULATIVE LOSS PERCENTAGE FOR THE RELATED PAYMENT DATE: 0.0000% DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 2.6985% ROLLING DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 1.2995% NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 0 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE: 0.00 - ---------------------------------------------------------------------------------------------------------
Page 4 of 4 (C) COPYRIGHT 1997 Bankers Trust Company EX-99.6 7 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- BONDS 348,073,445.00 312,593,740.28 1,487,577.17 12,069,408.46 13,556,985.63 0.00 0.00 300,524,331.82 - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 348,073,445.00 312,593,740.28 1,487,577.17 12,069,408.46 13,556,985.63 0.00 0.00 300,524,331.82 - -----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ----------------------------------------------------------------------------------------------------------------------------------- BONDS 452628AB6 898.068338 4.273745 34.674890 38.948635 863.393448 5.907500% 6.190000%
- ---------------------------------------------------------------------------------------------------------------------------------- SELLER: ICI Funding Corporation ADMINISTRATOR: Joe Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: October 31, 1997 Irvine, CA 92614 DISTRIBUTION DATE: November 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ---------------------------------------------------------------------------------------------------------------------------------- Page 1 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO CERTIFICATEHOLDERS - ----------------------------------------------------------------------------------------------------------------------------- DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ---------------------------------------------------------------------------------------------------------------------------- CERTIFICATES 0.00 0.00 915,618.50 0.00 915,618.50 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------- TOTALS 0.00 0.00 915,618.50 0.00 915,618.50 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - -------------------------------------------------------------------------------------------------------------------------------- CERTIFICATES 0.000000 2.630532 0.000000 2.630532 0.000000 0.000000% 0.000000%
- ----------------------------------------------------------------------------------------------------------------------------------- SELLER: ICI Funding Corporation ADMINISTRATOR: Joe Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: October 31, 1997 Irvine, CA 92614 DISTRIBUTION DATE: November 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------
Page 1 of 1 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ----------------------------------------------------------------------------------------------------------------------------------- Distribution Date: November 25, 1997 - ----------------------------------------------------------------------------------------------------------------------------------- DELINQUENT AND FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS INFORMATION DAYS DAYS DAYS TOTAL - ----------------------------------------------------------------------------------------------------------------------------------- PRINCIPAL BALANCE 17,371,861.97 1,934,164.32 641,088.44 19,947,114.73 PERCENTAGE OF POOL BALANCE 5.6204% 0.6258% 0.2074% 6.4536% NUMBER OF LOANS 147 11 4 162 PERCENTAGE OF LOANS 6.1532% 0.4604% 0.1674% 6.7811% FORECLOSURE LOAN INFORMATION: PRINCIPAL BALANCE 44,627.81 2,159,825.02 7,815,272.82 10,205,082.19 PERCENTAGE OF POOL BALANCE 0.0144% 0.6988% 2.5285% 3.3017% NUMBER OF LOANS 1 19 74 96 PERCENTAGE OF LOANS 0.0419% 0.7953% 3.0975% 4.0184% BANKRUPTCY LOAN INFORMATION: PRINCIPAL BALANCE 0.00 132,857.12 973,656.40 1,668,926.48 PERCENTAGE OF POOL BALANCE 0.0000% 0.0430% 0.3150% 0.5400% NUMBER OF LOANS 0 2 9 17 PERCENTAGE OF LOANS 0.0000% 0.0837% 0.3767% 0.7116% REO LOAN INFORMATION: PRINCIPAL BALANCE 0.00 0.00 419,774.94 419,774.94 PERCENTAGE OF POOL BALANCE 0.0000% 0.0000% 0.1358% 0.1358% NUMBER OF LOANS 0 0 2 2 PERCENTAGE OF LOANS 0.0000% 0.0000% 0.0837% 0.0837% - ---------------------------------------------------------------------------------------------------------------------
ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: (SEE ATTACHED, IF ANY) AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 1,544,431.62 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 12,010,575.03 ------------- AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 13,555,006.65 ------------- CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,487,577.17 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 12,069,408.46 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 0.00 CURRENT PERIOD AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT CUMULATIVE AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT PERIOD INSURED PAYMENTS MADE BY BOND INSURER UNDER THE BOND INSURANCE POLICY: 0.00 CURRENT CUMULATIVE UNREIMBURSED INSURED PAYMENTS MADE BY BOND INSURER: 0.00 - -------------------------------------------------------------------------------------------------------------------
Page 2 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------ Distribution Date: November 25, 1997 - ------------------------------------------------------------------------------------------------------------------ CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: 309,083,514.91 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 9.1520% CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY: 348 CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 915,618.50 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 58,833.43 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 904,900.47 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 963,733.90 ---------- AMOUNT OF PREPAYMENT INTEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 52,041.30 AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 52,041.30 AMOUNT OF RELIEF ACT SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 0.00 AMOUNT OF ANY DEFERRED INTEREST ADDITION: 0.00 CURRENT PERIOD BOND INTEREST SHORTFALL AMOUNT: 0.00 CURRENT CUMULATIVE UNPAID BOND INTEREST SHORTFALL AMOUNT: 0.00 MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE: 15.4180% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 9.0122% - --------------------------------------------------------------------------------------------------------------------
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IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ----------------------------------------------------------------------------------------------------------------------------------- Distribution Date: November 25, 1997 - ----------------------------------------------------------------------------------------------------------------------------------- AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: 0.00 CUMULATIVE LOSS PERCENTAGE FOR THE RELATED PAYMENT DATE: 0.0000% DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 3.1868% ROLLING DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 1.6141% NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 0 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE: 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Page 4 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
EX-99.7 8 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- BONDS 348,073,445.00 300,524,331.82 1,544,945.50 12,335,638.08 13,880,583.58 0.00 0.00 288,188,693.74 - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 348,073,445.00 300,524,331.82 1,544,945.50 12,335,638.08 13,880,583.58 0.00 0.00 288,188,693.74 - -----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ----------------------------------------------------------------------------------------------------------------------------- BONDS 452628AB6 863.393448 4.438562 35.439756 39.878318 827.953692 5.970000% 6.345000%
- ----------------------------------------------------------------------------------------------------------------------------------- SELLER: ICI Funding Corporation ADMINISTRATOR: Joe Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: November 28, 1997 Irvine, CA 92614 DISTRIBUTION DATE: December 26, 1997 FACTOR INFORMATION: (800) 735-7777 - -----------------------------------------------------------------------------------------------------------------------------------
Page 1 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO CERTIFICATEHOLDERS - --------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - --------------------------------------------------------------------------------------------------------------------------------- CERTIFICATES 0.00 0.00 790,939.90 0.00 790,939.90 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- TOTALS 0.00 0.00 790,939.90 0.00 790,939.90 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ CERTIFICATES 0.000000 2.272336 0.000000 2.272336 0.000000 0.000000% 0.000000%
- --------------------------------------------------------------------------------------------------------------------------------- SELLER: ICI Funding Corporation ADMINISTRATOR: Joe Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc and Morgan Stanley & Co. 3 Park Plaza RECORD DATE: November 28, 1997 Irvine, CA 92614 DISTRIBUTION DATE: December 26, 1997 FACTOR INFORMATION: (800) 735-7777 - ---------------------------------------------------------------------------------------------------------------------------------
Page 1 of 1 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - -------------------------------------------------------------------------------------------------------------------------------- Distribution Date: December 26, 1997 - -------------------------------------------------------------------------------------------------------------------------------- DELINQUENT AND FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS INFORMATION DAYS DAYS DAYS TOTAL PRINCIPAL BALANCE 20,102,549.15 2,535,954.27 1,256,297.06 23,894,800.48 PERCENTAGE OF POOL BALANCE 6.7743% 0.8546% 0.4234% 8.0522% NUMBER OF LOANS 170 24 7 201 PERCENTAGE OF LOANS 7.3689% 1.0403% 0.3034% 8.7126% FORECLOSURE LOAN INFORMATION: PRINCIPAL BALANCE 90,415.62 1,957,967.89 8,739,023.95 10,787,407.46 PERCENTAGE OF POOL BALANCE 0.0305% 0.6598% 2.9449% 3.6352% NUMBER OF LOANS 1 21 82 104 PERCENTAGE OF LOANS 0.0433% 0.9103% 3.5544% 4.5080% BANKRUPTCY LOAN INFORMATION: PRINCIPAL BALANCE 71,464.02 0.00 1,448,332.69 2,071,442.89 PERCENTAGE OF POOL BALANCE 0.0241% 0.0000% 0.4881% 0.6980% NUMBER OF LOANS 1 0 13 20 PERCENTAGE OF LOANS 0.0433% 0.0000% 0.5635% 0.8669% REO LOAN INFORMATION: PRINCIPAL BALANCE 0.00 0.00 531,128.15 531,128.15 PERCENTAGE OF POOL BALANCE 0.0000% 0.0000% 0.1790% 0.1790% NUMBER OF LOANS 0 0 3 3 PERCENTAGE OF LOANS 0.0000% 0.0000% 0.1300% 0.1300% - ---------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: (SEE ATTACHED, IF ANY) AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 1,357,598.24 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 12,267,901.86 ------------- AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 13,625,500.10 ------------- CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,544,945.50 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 12,335,638.08 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 0.00 CURRENT PERIOD AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT CUMULATIVE AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00 CURRENT PERIOD INSURED PAYMENTS MADE BY BOND INSURER UNDER THE BOND INSURANCE POLICY: 0.00 CURRENT CUMULATIVE UNREIMBURSED INSURED PAYMENTS MADE BY BOND INSURER: 0.00 - ----------------------------------------------------------------------------------------------------------------------
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IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------- Distribution Date: December 26, 1997 - ------------------------------------------------------------------------------------------------------------- CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: 296,747,876.83 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 9.2412% CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY: 348 CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD SUBORDINATED AMOUNT: 8,559,183.09 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 790,939.90 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 67,736.22 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 1,022,646.35 ------------ AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 1,090,382.57 ------------ AMOUNT OF PREPAYMENT INTEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 47,936.65 AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 47,936.65 AMOUNT OF RELIEF ACT SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 0.00 AMOUNT OF ANY DEFERRED INTEREST ADDITION: 0.00 CURRENT PERIOD BOND INTEREST SHORTFALL AMOUNT: 0.00 CURRENT CUMULATIVE UNPAID BOND INTEREST SHORTFALL AMOUNT: 0.00 MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE: 15.4180% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 8.5287% - -------------------------------------------------------------------------------------------------------------
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IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 STATEMENT TO BONDHOLDERS - ----------------------------------------------------------------------------------------------------------------- Distribution Date: December 26, 1997 - ----------------------------------------------------------------------------------------------------------------- AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: 0.00 CUMULATIVE LOSS PERCENTAGE FOR THE RELATED PAYMENT DATE: 0.0000% DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 4.0353% ROLLING DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: 2.2866% NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 1 * Note Loan # 1100084974 was Repurchased in the November 1997 Distribution but was not reported on the Statement to Certificateholders AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 278,459.93 * Note Loan # 1100084974 was Repurchased in the November 1997 Distribution but was not reported on the Statement to Certificateholders AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE: 0.00 - --------------------------------------------------------------------------------------------------------------------
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