8-K 1 d37189.txt IMH ASSETS CORP ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) December 26, 2001 IMH ASSETS CORP. (as depositor under an Indenture, dated as of December 20, 2001, providing for, inter alia, the issuance of Collateralized Asset-Backed Bonds, Series 2001-4) IMH ASSETS CORP. -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) CALIFORNIA 333-69178 33-0705301 ---------------------------- ----------- ----------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 1401 Dove Street 92660 NEWPORT BEACH, CALIFORNIA ------- ------------------------- (Zip Code) (Address of Principal Executive Offices) Registrant's telephone number, including area code, is (949) 475-3600 ================================================================================ Item 2. ACQUISITION OR DISPOSITION OF ASSETS. ------------------------------------ On December 20, 2001, a single series of bonds, entitled IMH Assets Corp., Collateralized Asset-Backed Bonds, Series 2001-4 (the "Bonds"), were issued pursuant to an indenture, dated as of December 20, 2001 (the "Agreement"), between Impac CMB Trust Series 2001-4, a Delaware business trust, as Issuer (the "Issuer"), and Bankers Trust Company of California, N.A., a national banking association, as Indenture Trustee (the "Indenture Trustee"). On December 26, 2001, following the closing of the initial issuance of the Bonds, the Indenture Trustee purchased from the Company certain Seasoned Mortgage Loans and Subsequent Mortgage Loans, as defined in the Agreement, with an aggregate principal balance equal to approximately $79,997,888 with funds on deposit in the pre-funding account (the "Pre-Funding Account") established pursuant to the Agreement at a purchase price equal to the principal balance thereof, which Seasoned Mortgage Loans and Subsequent Mortgage Loans were conveyed to the Indenture Trustee pursuant to a Subsequent Transfer Instrument, dated December 26, 2001, between the Company and the Indenture Trustee (the "Instrument"). Attached to the Instrument is the Mortgage Loan Schedule listing the Seasoned Mortgage Loans and Subsequent Mortgage Loans that are the subject of such Instrument. Item 5. OTHER EVENTS. ------------ Description of the Mortgage Pool The Bonds, issued pursuant to the Agreement, evidence in the aggregate the entire beneficial ownership interest in a trust fund (the "Trust Fund"), consisting primarily of a segregated pool (the "Mortgage Pool") of conventional, one- to four- family, adjustable-rate first lien and fixed-rate second lien mortgage loans having original terms to maturity of not greater than 30 years (the "Mortgage Loans"). As of the Subsequent Transfer Date, the Trust Fund primarily consisted of (i) the Mortgage Pool, which consisted of initial Mortgage Loans having an aggregate principal balance of approximately $270,001,641 as of December 1, 2001 and (ii) the Pre-Funding Account, which contained approximately $79,998,359. As more fully described above, on December 26, 2001, the Company purchased the Seasoned Mortgage Loans and Subsequent Mortgage Loans with the funds on deposit in the Pre-Funding Account. The tables attached as an exhibit hereto describe certain characteristics of the Mortgage Pool as of December 1, 2001,with respect to the Mortgage Loans, including the Seasoned Mortgage Loans and Subsequent Mortgage Loans. Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. ------------------------------------------------------------------ (a) Not applicable (b) Not applicable (c) Exhibits: EXHIBIT NO. DESCRIPTION 4.2 Subsequent Transfer Instrument, dated as of December 26, 2001 between IMH Assets Corp. as Company and Bankers Trust Company of California, N.A., as Indenture Trustee. 99.1 Characteristics of the Mortgage Pool as of December 1, 2001, relating to IMH Assets Corp., Collateralized Asset-Backed Bonds, Series 2001-4. 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 thereunto duly authorized. IMH ASSETS CORP. By: /s/ Richard J. Johnson ---------------------------------- Name: Richard J. Johnson Title: Chief Financial Officer Dated: January 10, 2002 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION -------------- ----------- 4.2 Subsequent Transfer Instrument,dated December 26, 2001, between IMH Assets Corp., as company, and Bankers Trust Company of California, N.A. as indenture trustee of the IMH Assets Corp., Collateralized Asset-Backed Bonds, Series 2001-4, as purchaser. 99.1 Characteristics of the Mortgage Pool as of December 1, 2001, relating to IMH Assets Corp., Collateralized Asset-Backed, Series 2001-4.