-----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, D04+IRdLDc3zb6h/Ol1pzdItnA/0S2H4hoaYUcYKyJvqyi/d3FnUBbF3EpMnFYu9 yeMRTH7mK/IG2Ydlh/NIZg== 0000882377-98-000032.txt : 19980128 0000882377-98-000032.hdr.sgml : 19980128 ACCESSION NUMBER: 0000882377-98-000032 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 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: 98512873 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 August 1, 1996, and pursuant to which an Indenture was entered into, providing for, inter alia, the issuance of Collateralized Mortgage Bonds, Series 1996-1) 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 Indenture 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 August 30, 1996. 99.2 Monthly remittance statement to the Bondholders dated September 30, 1996. 99.3 Monthly remittance statement to the Bondholders dated October 31, 1996. 99.4 Monthly remittance statement to the Bondholders dated November 29, 1996. 99.5 Monthly remittance statement to the Bondholders dated December 31, 1997. 99.6 Monthly remittance statement to the Bondholders dated January 31, 1997. 99.7 Monthly remittance statement to the Bondholders dated February 28, 1997. 99.8 Monthly remittance statement to the Bondholders dated March 31, 1997. -2- 99.9 Monthly remittance statement to the Bondholders dated April 30, 1997. 99.10 Monthly remittance statement to the Bondholders dated May 30, 1997. 99.11 Monthly remittance statement to the Bondholders dated June 30, 1997. 99.12 Monthly remittance statement to the Bondholders dated July 31, 1997. 99.13 Monthly remittance statement to the Bondholders dated August 29, 1997. 99.14 Monthly remittance statement to the Bondholders dated September 30, 1997. 99.15 Monthly remittance statement to the Bondholders dated October 31, 1997. 99.16 Monthly remittance statement to the Bondholders dated November 28, 1997. -3- 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 1996-1 IMH ASSETS CORP. By: /S/ RICHARD J. JOHNSON ------------------------------------------------ Name: Richard J. Johnson Title: Chief Financial Officer Dated: January 26, 1998 EXHIBIT INDEX DESCRIPTION - ----------- Monthly remittance statement to the Bondholders dated August 30, 1996. Monthly remittance statement to the Bondholders dated September 30, 1996. Monthly remittance statement to the Bondholders dated October 31, 1996. Monthly remittance statement to the Bondholders dated November 29, 1996. Monthly remittance statement to the Bondholders dated December 31, 1996. Monthly remittance statement to the Bondholders dated January 31, 1997. Monthly remittance statement to the Bondholders dated February 28, 1997. Monthly remittance statement to the Bondholders dated March 31, 1997. Monthly remittance statement to the Bondholders dated April 30, 1997. 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. -6- EXHIBITS -7- EX-99.1 2 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- BONDS 259,813,919.00 259,813,919.00 1,116,550.32 158,455.90 1,275,006.22 0.00 0.00 259,655,463.10 TOTALS 259,813,919.00 259,813,919.00 1,116,550.32 158,455.90 1,275,006.22 0.00 0.00 259,655,463.10 - -----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ---------------------------------------------------------------------------------------------------------------------------------- BONDS 452628AA8 1,000.000000 4.297500 0.609882 4.907382 999.390118 5.730000% 5.562500%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: August 30, 1996 Irvine, CA 92614 DISTRIBUTION DATE: September 25, 1996 FACTOR INFORMATION: (800) 735-7777 - -----------------------------------------------------------------------------------------------------------------------------------
Page 1 of 3 (C) COPYRIGHT 1996 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 0.00 811,294.80 0.00 811,294.80 0.00 0.00 0.00 TOTALS 0.00 0.00 811,294.80 0.00 811,294.80 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 3.122599 0.000000 3.122599 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: August 30, 1996 Irvine, CA 92614 DISTRIBUTION DATE: September 25, 1996 FACTOR INFORMATION: (800) 735-7777 - -----------------------------------------------------------------------------------------------------------------------------------
Page 1 of 1 (C) COPYRIGHT 1996 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: September 25, 1996 DELINQUENT AND LOANS LOANS FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS IN IN INFORMATION DAYS DAYS DAYS FORECLOSURE REO - ----------------------------------------------------------------------------------------------------------------------------------- PRINCIPAL BALANCE 0.00 0.00 0.00 0.00 0.00 PERCENTAGE OF POOL BALANCE 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% NUMBER OF LOANS 0 0 0 0 0 PERCENTAGE OF LOANS 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% - -----------------------------------------------------------------------------------------------------------------------------------
Note: Quantity and Principal Balance of Foreclosures & 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: 1,966,171.59 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 158,456.69 ---------- AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 2,124,628.28 ------------ CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,116,550.32 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 158,455.90 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: 265,228,591.09 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 8.7139% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 5,573,127.99 CURRENT PERIOD SUBORDINATED AMOUNT: 5,573,128.78 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 811,294.01 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.79 - ------------------------------------------------------------------------------------------------------------------------------------
Page 2 of 3 (C) COPYRIGHT 1996 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: September 25, 1996 - ------------------------------------------------------------------------------------------------------------------------------------ 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 COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 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: 9.3260% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 9.3260% 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 AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES 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 3 of 3 (C) COPYRIGHT 1996 Bankers Trust Company EX-99.2 3 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 259,813,919.00 259,655,463.10 1,272,852.72 5,768,385.50 7,041,238.22 0.00 0.00 253,887,077.60 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 259,813,919.00 259,655,463.10 1,272,852.72 5,768,385.50 7,041,238.22 0.00 0.00 253,887,077.60 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 999.390118 4.899094 22.201988 27.101082 977.188130 5.882500% 5.437500%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: September 30, 1996 Irvine, CA 92614 DISTRIBUTION DATE: October 25, 1996 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 3 (C) COPYRIGHT 1996 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 0.00 708,349.99 0.00 708,349.99 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 708,349.99 0.00 708,349.99 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 2.726374 0.000000 2.726374 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: September 30, 1996 Irvine, CA 92614 DISTRIBUTION DATE: October 25, 1996 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 1 (C) COPYRIGHT 1996 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: October 25, 1996 - ------------------------------------------------------------------------------------------------------------------------------------ DELINQUENT AND LOANS LOANS FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS IN IN INFORMATION DAYS DAYS DAYS FORECLOSURE REO - ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL BALANCE 8,604,830.10 568,385.69 0.00 787,940.48 0.00 PERCENTAGE OF POOL BALANCE 3.3164% 0.2191% 0.0000% 0.3037% 0.0000% NUMBER OF LOANS 86 4 0 7 0 PERCENTAGE OF LOANS 3.7637% 0.1751% 0.0000% 0.3063% 0.0000% - ------------------------------------------------------------------------------------------------------------------------------------
Note: Quantity and Principal Balance of Foreclosures & 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: 1,455,276.63 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 5,730,827.00 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 7,186,103.63 ------------ CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,272,852.72 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 5,768,385.50 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: 259,460,205.59 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 8.9509% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 5,573,127.99 CURRENT PERIOD SUBORDINATED AMOUNT: 5,573,127.99 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 706,464.73 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ Page 2 of 3 (C) COPYRIGHT 1996 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: October 25, 1996 - ------------------------------------------------------------------------------------------------------------------------------------ AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 37,558.50 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 562,344.75 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 599,903.25 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 16,247.35 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: 8.6367% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 8.6367% 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 AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES 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 3 of 3 (C) COPYRIGHT 1996 Bankers Trust Company
EX-99.3 4 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 REVISED STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 259,813,919.00 253,887,077.60 1,258,733.34 5,505,103.36 6,763,836.70 0.00 0.00 248,381,974.24 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 259,813,919.00 253,887,077.60 1,258,733.34 5,505,103.36 6,763,836.70 0.00 0.00 248,381,974.24 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 977.188130 4.844749 21.188639 26.033389 955.999491 5.757500% 5.437500%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: October 31, 1996 Irvine, CA 92614 DISTRIBUTION DATE: November 25, 1996 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 3 (C) COPYRIGHT 1996 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 TRUST CERTIFICATES SERIES 1996-1 REVISED 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 0.00 486,519.21 0.00 486,519.21 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 486,519.21 0.00 486,519.21 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 1.872568 0.000000 1.872568 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: October 31, 1996 Irvine, CA 92614 DISTRIBUTION DATE: November 25, 1996 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 1 (C) COPYRIGHT 1996 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 REVISED STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: November 25, 1996 - ------------------------------------------------------------------------------------------------------------------------------------ DELINQUENT AND LOANS LOANS FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS IN IN INFORMATION DAYS DAYS DAYS FORECLOSURE REO - ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL BALANCE 7,683,019.46 2,134,343.43 2,488,940.37 7,747,934.01 0.00 PERCENTAGE OF POOL BALANCE 3.0224% 0.8396% 0.9791% 3.0480% 0.0000% NUMBER OF LOANS 59 18 15 56 0 PERCENTAGE OF LOANS 2.6257% 0.8011% 0.6676% 2.4922% 0.0000% -----------------------------------------------------------------------------------------------------------------------------------
Note: Quantity and Principal Balance of Foreclosures & 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: 1,465,264.43 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 5,226,942.76 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 6,692,207.19 ------------ CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,258,733.34 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 5,261,283.34 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 243,820.02 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: 254,198,922.25 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 8.9403% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 5,816,948.01 CURRENT PERIOD SUBORDINATED AMOUNT: 5,816,948.01 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 730,339.23 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ Page 2 of 3 (C) COPYRIGHT 1996 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 REVISED STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: November 25, 1996 - ------------------------------------------------------------------------------------------------------------------------------------ AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 34,340.58 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 552,170.76 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 586,511.34 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 17,332.09 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: 8.5620% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 8.5620% 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 AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES 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 3 of 3 (C) COPYRIGHT 1996 Bankers Trust Company
EX-99.4 5 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 REVISED STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 259,813,919.00 248,381,974.24 1,231,439.88 6,600,730.72 7,832,170.60 0.00 0.00 241,781,243.52 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 259,813,919.00 248,381,974.24 1,231,439.88 6,600,730.72 7,832,170.60 0.00 0.00 241,781,243.52 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 955.999491 4.739699 25.405609 30.145308 930.593882 5.757500% 5.750000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: November 29, 1996 Irvine, CA 92614 DISTRIBUTION DATE: December 26, 1996 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 3 (C) COPYRIGHT 1996 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 TRUST CERTIFICATES SERIES 1996-1 REVISED 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 0.00 0.00 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 0.00 0.00 0.00 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 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: November 29, 1996 Irvine, CA 92614 DISTRIBUTION DATE: December 26, 1996 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 1 (C) COPYRIGHT 1996 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 REVISED STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: December 26, 1996 - ------------------------------------------------------------------------------------------------------------------------------------ DELINQUENT AND LOANS LOANS FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS IN IN INFORMATION DAYS DAYS DAYS FORECLOSURE REO - ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL BALANCE 8,952,031.62 3,139,658.95 1,409,650.64 10,251,999.60 0.00 PERCENTAGE OF POOL BALANCE 3.6045% 1.2642% 0.5676% 4.1279% 0.0000% NUMBER OF LOANS 81 24 14 74 0 PERCENTAGE OF LOANS 3.6718% 1.0879% 0.6346% 3.3545% 0.0000% - ------------------------------------------------------------------------------------------------------------------------------------
Note: Quantity and Principal Balance of Foreclosures & 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: 1,239,803.95 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 5,791,756.89 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 7,031,560.84 ------------ CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,231,439.88 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 5,840,033.41 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 760,697.31 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: 248,358,888.84 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 8.9453% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 8,380,892.88 CURRENT PERIOD SUBORDINATED AMOUNT: 6,577,645.32 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 760,697.31 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ Page 2 of 3 (C) COPYRIGHT 1996 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 REVISED STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: December 26, 1996 - ------------------------------------------------------------------------------------------------------------------------------------ AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 48,276.52 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 777,029.88 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 825,306.40 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 23,807.13 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: 8.7630% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 8.7630% NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 1 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 1 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 188,866.86 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 188,866.86 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES 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 3 of 3 (C) COPYRIGHT 1996 Bankers Trust Company
EX-99.5 6 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 259,813,919.00 241,781,243.52 1,304,544.13 9,691,050.91 10,995,595.04 0.00 0.00 232,090,192.61 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 259,813,919.00 241,781,243.52 1,304,544.13 9,691,050.91 10,995,595.04 0.00 0.00 232,090,192.61 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 930.593882 5.021071 37.299968 42.321039 893.293914 6.070000% 5.500000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: December 31, 1996 Irvine, CA 92614 DISTRIBUTION DATE: January 27, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 3 (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 0.00 0.00 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 0.00 0.00 0.00 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 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: December 31, 1996 Irvine, CA 92614 DISTRIBUTION DATE: January 27, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 1 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: January 27, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ DELINQUENT AND LOANS LOANS FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS IN IN INFORMATION DAYS DAYS DAYS FORECLOSURE REO - ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL BALANCE 10,487,010.27 2,031,679.75 896,306.32 13,302,431.79 0.00 PERCENTAGE OF POOL BALANCE 4.3816% 0.8489% 0.3745% 5.5579% 0.0000% NUMBER OF LOANS 93 16 8 102 0 PERCENTAGE OF LOANS 4.3519% 0.7487% 0.3744% 4.7730% 0.0000% - ------------------------------------------------------------------------------------------------------------------------------------
Note: Quantity and Principal Balance of Foreclosures & 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: 1,211,428.52 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 8,972,214.32 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 10,183,642.84 ------------- CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,304,544.13 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 9,016,307.23 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 674,743.68 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: 239,342,581.61 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 8.9438% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 9,000,607.26 CURRENT PERIOD SUBORDINATED AMOUNT: 7,252,389.00 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 674,743.68 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ Page 2 of 3 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: January 27, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 44,092.91 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 795,019.24 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 839,112.15 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 24,766.74 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: 8.6884% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 8.6884% 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 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: 188,866.86 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES 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: 2,030,663.92 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18 OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE: 2,030,663.92 - ------------------------------------------------------------------------------------------------------------------------------------ Page 3 of 3 (C) COPYRIGHT 1997 Bankers Trust Company
EX-99.6 7 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 259,813,919.00 232,090,192.61 1,088,116.19 7,623,968.15 8,712,084.34 0.00 0.00 224,466,224.46 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 259,813,919.00 232,090,192.61 1,088,116.19 7,623,968.15 8,712,084.34 0.00 0.00 224,466,224.46 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 893.293914 4.188060 29.343956 33.532015 863.949958 5.820000% 5.375000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: January 31, 1997 Irvine, CA 92614 DISTRIBUTION DATE: February 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------
Page 1 of 3 (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 2,522,171.98 0.00 2,522,171.98 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 2,522,171.98 0.00 2,522,171.98 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 9.707609 0.000000 9.707609 0.000000 0.000000% 0.000000%
- ---------------------------------------------------------------------------------------------------------------------------------- SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: January 31, 1997 Irvine, CA 92614 DISTRIBUTION DATE: February 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ----------------------------------------------------------------------------------------------------------------------------------
Page 1 of 1 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: February 25, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ DELINQUENT AND LOANS LOANS FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS IN IN INFORMATION DAYS DAYS DAYS FORECLOSURE REO - ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL BALANCE 11,304,866.23 2,435,441.16 419,117.78 11,330,540.63 0.00 PERCENTAGE OF POOL BALANCE 4.9143% 1.0587% 0.1822% 4.9255% 0.0000% NUMBER OF LOANS 87 22 5 85 0 PERCENTAGE OF LOANS 4.2029% 1.0628% 0.2415% 4.1063% 0.0000% - ------------------------------------------------------------------------------------------------------------------------------------
Note: Quantity and Principal Balance of Foreclosures & 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: 1,309,150.32 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 9,267,950.64 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 10,577,100.96 ------------- CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,088,116.19 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 7,623,968.15 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: 230,039,352.45 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 8.9331% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 5,573,127.99 CURRENT PERIOD SUBORDINATED AMOUNT: 5,573,127.99 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 842,910.97 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 1,679,261.01
Page 2 of 3 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ----------------------------------------------------------------------------------------------------------------------------------- Distribution Date: February 25, 1997 AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 35,278.52 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 653,579.03 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 688,857.55 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 33,327.98 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: 9.7814% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 9.7814% NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 14 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 15 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 2,196,488.29 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 2,385,355.15 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES 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 3 of 3 (C) COPYRIGHT 1997 Bankers Trust Company EX-99.7 8 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE BONDS 259,813,919.00 224,466,224.46 994,260.67 6,406,668.83 7,400,929.50 0.00 0.00 218,059,555.63 - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 259,813,919.00 224,466,224.46 994,260.67 6,406,668.83 7,400,929.50 0.00 0.00 218,059,555.63 - -----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - -------------------------------------------------------------------------------------------------------------------------------- BONDS 452628AA8 863.949958 3.826818 24.658682 28.485500 839.291276 5.695000% 6.007500%
- ---------------------------------------------------------------------------------------------------------------------------------- SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: February 28, 1997 Irvine, CA 92614 DISTRIBUTION DATE: March 25, 1997 FACTOR INFORMATION: (800) 735-7777 - -----------------------------------------------------------------------------------------------------------------------------------
Page 1 of 3 (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 0.00 858,690.56 0.00 858,690.56 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 858,690.56 0.00 858,690.56 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 3.305021 0.000000 3.305021 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: February 28, 1997 Irvine, CA 92614 DISTRIBUTION DATE: March 25, 1997 FACTOR INFORMATION: (800) 735-7777 - -----------------------------------------------------------------------------------------------------------------------------------
Page 1 of 1 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS Distribution Date: March 25, 1997 DELINQUENT AND LOANS LOANS FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS IN IN INFORMATION DAYS DAYS DAYS FORECLOSURE REO PRINCIPAL BALANCE 6,865,330.91 818,079.25 322,976.72 9,672,871.07 0.00 PERCENTAGE OF POOL BALANCE 3.0699% 0.3658% 0.1444% 4.3253% 0.0000% NUMBER OF LOANS 53 7 3 90 0 PERCENTAGE OF LOANS 2.6212% 0.3462% 0.1484% 4.4510% 0.0000%
Note: Quantity and Principal Balance of Foreclosures & 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: 1,427,457.80 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 6,379,594.66 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 7,807,052.46 ------------ CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 994,260.67 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 6,406,668.83 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: 223,632,683.62 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 8.9189% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 5,573,127.99 CURRENT PERIOD SUBORDINATED AMOUNT: 5,573,127.99 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 858,690.56 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 - ----------------------------------------------------------------------------------------------------------------------------------
Page 2 of 3 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ----------------------------------------------------------------------------------------------------------------------------------- Distribution Date: March 25, 1997 - ----------------------------------------------------------------------------------------------------------------------------------- AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 27,074.17 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 456,119.00 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 483,193.17 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 29,189.67 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: 10.0502% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 10.0502% NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 1 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 16 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 117,613.02 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 2,502,968.17 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES 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 3 of 3 (C) COPYRIGHT 1997 Bankers Trust Company EX-99.8 9 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- BONDS 259,813,919.00 218,059,555.63 1,128,049.34 8,862,484.60 9,990,533.94 0.00 0.00 209,197,071.03 TOTALS 259,813,919.00 218,059,555.63 1,128,049.34 8,862,484.60 9,990,533.94 0.00 0.00 209,197,071.03 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 839.291276 4.341759 34.110892 38.452651 805.180384 6.007500% 6.070000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: March 31, 1997 Irvine, CA 92614 DISTRIBUTION DATE: April 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ----------------------------------------------------------------------------------------------------------------------------------- Page 1 of 3 (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 0.00 0.00 0.00 0.00 0.00 0.00 TOTALS 0.00 0.00 0.00 0.00 0.00 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 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: March 31, 1997 Irvine, CA 92614 DISTRIBUTION DATE: April 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ----------------------------------------------------------------------------------------------------------------------------------- Page 1 of 1 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------- Distribution Date: April 25, 1997 - ------------------------------------------------------------------------------------------------------------------- DELINQUENT AND LOANS LOANS FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS IN IN INFORMATION DAYS DAYS DAYS FORECLOSURE REO PRINCIPAL BALANCE 6,809,060.48 3,654,789.94 635,659.79 9,261,100.32 582,892.65 PERCENTAGE OF POOL BALANCE 3.1596% 1.6959% 0.2950% 4.2974% 0.2705% NUMBER OF LOANS 60 18 3 91 5 PERCENTAGE OF LOANS 3.0380% 0.9114% 0.1519% 4.6076% 0.2532%
Note: Quantity and Principal Balance of Foreclosures & 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: 1,203,853.14 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 8,091,460.70 ---------------- AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 9,295,313.84 ---------------- CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,128,049.34 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 8,126,612.88 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 735,871.72 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: 215,506,070.74 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 8.9091% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 6,321,115.45 CURRENT PERIOD SUBORDINATED AMOUNT: 6,308,999.71 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 735,871.72 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 - ------------------------------------------------------------------------------------------------------------------------------------
Page 2 of 3 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------- Distribution Date: April 25, 1997 - ------------------------------------------------------------------------------------------------------- AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 35,152.18 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 624,323.21 -------------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 659,475.39 -------------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 35,173.68 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: 9.0685% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 9.0685% 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: 16 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: 2,502,968.17 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES 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 3 of 3 (C) COPYRIGHT 1997 Bankers Trust Company EX-99.9 10 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- BONDS 259,813,919.00 209,197,071.03 1,128,734.42 9,032,239.18 10,160,973.60 0.00 0.00 200,164,831.85 - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 259,813,919.00 209,197,071.03 1,128,734.42 9,032,239.18 10,160,973.60 0.00 0.00 200,164,831.85 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 805.180384 4.344395 34.764262 39.108658 770.416122 6.070000% 6.070000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: April 30, 1997 Irvine, CA 92614 DISTRIBUTION DATE: May 27, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 3 (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 0.00 0.00 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 0.00 0.00 0.00 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 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: April 30, 1997 Irvine, CA 92614 DISTRIBUTION DATE: May 27, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 1 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: May 27, 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 4,958,731.85 399,190.55 0.00 3,608,116.58 10,814,535.77 825,286.35 PERCENTAGE OF POOL BALANCE 2.3943% 0.1928% 0.0000% 1.7422% 5.2218% 0.3985% NUMBER OF LOANS 45 4 0 27 93 6 PERCENTAGE OF LOANS 2.3634% 0.2101% 0.0000% 1.4181% 4.8845% 0.3151% - ------------------------------------------------------------------------------------------------------------------------------------
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: 1,365,107.82 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 8,380,991.68 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 9,746,099.50 ------------ CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 1,128,734.42 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 8,403,751.03 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 628,488.15 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: 207,102,319.71 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 8.9891% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 8,484,274.85 CURRENT PERIOD SUBORDINATED AMOUNT: 6,937,487.86 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 628,488.15 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ Page 2 of 3 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: May 27, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 22,759.35 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 395,530.92 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 418,290.27 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 35,680.25 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: 8.8192% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 8.8192% NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 1 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 17 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 184,855.79 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 2,687,823.96 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES 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 3 of 3 (C) COPYRIGHT 1997 Bankers Trust Company
EX-99.10 11 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- BONDS 259,813,919.00 200,164,831.85 978,750.43 12,290,405.40 13,269,155.83 0.00 0.00 187,874,426.45 - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 259,813,919.00 200,164,831.85 978,750.43 12,290,405.40 13,269,155.83 0.00 0.00 187,874,426.45 - -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 770.416122 3.767121 47.304646 51.071767 723.111476 6.070000% 6.070000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: May 30, 1997 Irvine, CA 92614 DISTRIBUTION DATE: June 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 3 (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 0.00 0.00 0.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 0.00 0.00 0.00 0.00 0.00 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 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Melanie Anbarci MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 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 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 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 8,608,312.31 697,314.16 377,965.54 3,851,859.38 10,713,282.83 513,283.36 PERCENTAGE OF POOL BALANCE 4.4021% 0.3566% 0.1933% 1.9698% 5.4785% 0.2625% NUMBER OF LOANS 80 6 4 34 86 4 PERCENTAGE OF LOANS 4.4199% 0.3315% 0.2210% 1.8785% 4.7514% 0.2210% -----------------------------------------------------------------------------------------------------------------------------------
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: 995,805.09 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 11,512,433.34 ------------- AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 12,508,238.43 ------------- CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 978,750.43 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 11,552,656.02 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 737,749.38 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: 195,549,663.69 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 9.2653% CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 9,496,236.31 CURRENT PERIOD SUBORDINATED AMOUNT: 7,675,237.24 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 737,749.38 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ Page 2 of 3 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: June 25, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 40,222.68 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 727,027.53 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 767,250.21 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 52,195.22 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: 9.9661% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 9.9661% NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 4 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 21 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 404,455.82 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 3,092,279.78 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES 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 3 of 3 (C) COPYRIGHT 1997 Bankers Trust Company
EX-99.11 12 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- BONDS 259,813,919.00 187,874,426.45 950,331.47 11,018,233.91 11,968,565.38 0.00 0.00 176,856,192.54 - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 259,813,919.00 187,874,426.45 950,331.47 11,018,233.91 11,968,565.38 0.00 0.00 176,856,192.54 - -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 723.111476 3.657739 42.408174 46.065913 680.703302 6.070000% 6.007500%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: June 30, 1997 Irvine, CA 92614 DISTRIBUTION DATE: July 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 3 (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 0.00 0.00 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 0.00 0.00 0.00 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 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 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 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 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 7,779,944.03 2,337,489.07 274,991.96 4,417,689.66 9,860,645.35 973,590.60 PERCENTAGE OF POOL BALANCE 4.2005% 1.2621% 0.1485% 2.3852% 5.3240% 0.5257% NUMBER OF LOANS 73 16 2 42 81 6 PERCENTAGE OF LOANS 4.2197% 0.9249% 0.1156% 2.4277% 4.6821% 0.3468% - ------------------------------------------------------------------------------------------------------------------------------------
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: 1,023,321.61 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 10,303,909.36 ------------- AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 11,327,230.97 ------------- CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 950,331.47 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 10,336,733.98 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 681,499.93 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: 185,212,929.71 L CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 10.1842% CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY- GROUP 1 329 CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY- GROUP 2 345 CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 10,340,517.25 CURRENT PERIOD SUBORDINATED AMOUNT: 8,356,737.17 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 681,499.93 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ Page 2 of 3 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: July 25, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 32,824.62 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 636,270.24 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 669,094.86 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 47,401.32 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: 9.9025% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 9.9025% AGGREGATE NUMBER OF MORTGAGE LOANS AT END OF PERIOD 1730 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: 21 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: 3,092,279.78 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES 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 3 of 3 (C) COPYRIGHT 1997 Bankers Trust Company
EX-99.12 13 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 259,813,919.00 176,856,192.54 914,899.19 12,605,475.66 13,520,374.85 0.00 0.00 164,250,716.88 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 259,813,919.00 176,856,192.54 914,899.19 12,605,475.66 13,520,374.85 0.00 0.00 164,250,716.88 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 680.703302 3.521363 48.517322 52.038686 632.185980 6.007500% 5.945000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: July 31, 1997 Irvine, CA 92614 DISTRIBUTION DATE: August 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ------------------------------------------------------------------------------------------------------------------------------------ Page 1 of 3 (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 0.00 0.00 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 0.00 0.00 0.00 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 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 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 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 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 5,494,532.60 669,109.66 219,053.00 5,109,245.15 11,382,383.38 929,990.40 PERCENTAGE OF POOL BALANCE 3.1725% 0.3863% 0.1265% 2.9500% 6.5721% 0.5370% NUMBER OF LOANS 54 4 2 46 94 5 PERCENTAGE OF LOANS 3.3048% 0.2448% 0.1224% 2.8152% 5.7528% 0.3060%
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: 1,184,709.70 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 11,931,728.38 ------------- AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 13,116,438.08 ------------- CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 914,899.19 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 11,952,587.15 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 652,888.51 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: 173,192,302.95 L CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 10.3271% CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY- GROUP 1 328 CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY- GROUP 2 344 CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 10,109,653.54 CURRENT PERIOD SUBORDINATED AMOUNT: 8,941,586.07 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 652,888.51 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ Page 2 of 3 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS Distribution Date: August 25, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 20,858.77 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 409,224.53 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 430,083.30 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 50,037.07 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: 9.7878% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 9.7878% AGGREGATE NUMBER OF MORTGAGE LOANS AT END OF PERIOD 1634 NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 1 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 22 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PAYMENT DATE: 302,311.10 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 3,394,590.88 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 68,039.61 CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: 68,039.61 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 3 of 3 (C) COPYRIGHT 1997 Bankers Trust Company
EX-99.13 14 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 259,813,919.00 164,250,716.88 836,805.76 11,117,434.21 11,954,239.97 0.00 0.00 153,133,282.67 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 259,813,919.00 164,250,716.88 836,805.76 11,117,434.21 11,954,239.97 0.00 0.00 153,133,282.67 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 632.185980 3.220789 42.789987 46.010776 589.395993 5.945000% 6.007500%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 3 Park Plaza RECORD DATE: August 29, 1997 Irvine, CA 92614 DISTRIBUTION DATE: September 25, 1997 FACTOR INFORMATION: (800) 735-7777 - ----------------------------------------------------------------------------------------------------------------------------------- Page 1 of 3 (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 0.00 0.00 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 0.00 0.00 0.00 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 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 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 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS
Distribution Date: September 25, 1997 - ----------------------------------------------------------------------------------------------------------------------------------- DELINQUENT AND LOAN 30 TO 59 60 TO 89 90 PLUS INFORMATION DAYS DAYS DAYS TOTAL PRINCIPAL BALANCE 7,887,392.10 897,948.33 365,906.18 9,151,246.61 PERCENTAGE OF POOL BALANCE 4.8486% 0.5520% 0.2249% 5.6256% NUMBER OF LOANS 75 10 4 89 PERCENTAGE OF LOANS 4.8512% 0.6468% 0.2587% 5.7568% FORECLOSURE LOAN INFORMATION: PRINCIPAL BALANCE 261,982.73 573,033.98 9,755,745.74 10,661,588.69 PERCENTAGE OF POOL BALANCE 0.1610% 0.3523% 5.9972% 6.5540% NUMBER OF LOANS 1 6 78 86 PERCENTAGE OF LOANS 0.0647% 0.3881% 5.0453% 5.5627% BANKRUPTCY LOAN INFORMATION: PRINCIPAL BALANCE 268,054.53 0.00 3,337,643.16 4,847,842.43 PERCENTAGE OF POOL BALANCE 0.1648% 0.0000% 2.0518% 2.9801% NUMBER OF LOANS 2 0 35 47 PERCENTAGE OF LOANS 0.1294% 0.0000% 2.2639% 3.0401% REO LOAN INFORMATION: PRINCIPAL BALANCE 0.00 0.00 1,312,552.04 1,312,552.04 PERCENTAGE OF POOL BALANCE 0.0000% 0.0000% 0.8069% 0.8069% NUMBER OF LOANS 0 0 9 9 PERCENTAGE OF LOANS 0.0000% 0.0000% 0.5821% 0.5821% ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: (SEE ATTACHED, IF ANY) AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 883,467.45 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 10,456,112.29 ------------- AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 11,339,579.74 ------------- CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 836,805.76 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 10,487,931.69 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 629,502.52 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: 162,672,220.53 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 10.3560% - -----------------------------------------------------------------------------------------------------------------------------------
Page 2 of 3 (C) COPYRIGHT 1997 Bankers Trust Company IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS
- ----------------------------------------------------------------------------------------------------------------------------------- Distribution Date: September 25, 1997 - ----------------------------------------------------------------------------------------------------------------------------------- CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY- GROUP 1 326 CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY- GROUP 2 343 CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 12,253,837.04 CURRENT PERIOD SUBORDINATED AMOUNT: 9,538,937.86 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 629,502.52 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 31,819.40 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 607,138.52 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 638,957.92 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 42,779.93 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: 9.8855% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 9.8855% AGGREGATE NUMBER OF MORTGAGE LOANS AT END OF PERIOD 1546 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: 22 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: 3,394,590.88 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 32,150.73 CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: 100,190.34 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 3 of 3 (C) COPYRIGHT 1997 Bankers Trust Company EX-99.14 15 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 259,813,919.00 153,133,282.67 816,609.58 9,383,521.15 10,200,130.73 0.00 0.00 143,749,761.52 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 259,813,919.00 153,133,282.67 816,609.58 9,383,521.15 10,200,130.73 0.00 0.00 143,749,761.52 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 589.395993 3.143056 36.116314 39.259370 553.279678 6.007500% 6.007500%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 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 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 0.00 0.00 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 0.00 0.00 0.00 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 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 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 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS
Distribution Date: October 27, 1997 DELINQUENT AND LOAN 30 TO 59 60 TO 89 90 PLUS INFORMATION DAYS DAYS DAYS TOTAL - --------------------------------------------------------------------------------------------------------------------------------- PRINCIPAL BALANCE - GROUP 1 4,495,162.68 544,161.85 101,016.00 5,140,340.53 PRINCIPAL BALANCE - GROUP 2 2,521,159.30 936,425.47 0.00 3,457,584.77 PRINCIPAL BALANCE - TOTAL 7,016,321.98 1,480,587.32 101,016.00 8,597,925.30 PERCENTAGE OF POOL BALANCE 4.5631% 0.9629% 0.0657% 5.5917% NUMBER OF LOANS- GROUP 1 42 7 3 52 NUMBER OF LOANS - GROUP 2 21 5 0 26 NUMBER OF LOANS -TOTAL 63 12 3 78 PERCENTAGE OF LOANS 4.2712% 0.8136% 0.2034% 5.2881% FORECLOSURE LOAN INFORMATION: PRINCIPAL BALANCE - GROUP 1 0.00 463,197.06 4,586,691.92 5,049,888.98 PRINCIPAL BALANCE - GROUP 2 261,867.05 179,777.27 3,713,101.59 4,154,745.91 PRINCIPAL BALANCE - TOTAL 261,867.05 642,974.33 8,299,793.51 9,204,634.89 PERCENTAGE OF POOL BALANCE 0.1703% 0.4182% 5.3978% 5.9863% NUMBER OF LOANS- GROUP 1 0 6 43 49 NUMBER OF LOANS- GROUP 2 1 2 29 32 NUMBER OF LOANS - TOTAl 1 8 72 81 PERCENTAGE OF LOANS 0.0678% 0.5424% 4.8814% 5.4915% BANKRUPTCY LOAN INFORMATION: PRINCIPAL BALANCE - GROUP 1 27,174.52 0.00 2,149,503.54 2,914,080.79 PRINCIPAL BALANCE - GROUP 2 257,646.64 104,649.32 1,052,166.63 1,780,876.78 PRINCIPAL BALANCE -TOTAL 284,821.16 104,649.32 3,201,670.17 4,694,957.57 PERCENTAGE OF POOL BALANCE 0.1852% 0.0681% 2.0822% 3.0534% NUMBER OF LOANS - GROUP 1 1 0 24 31 NUMBER OF LOANS - GROUP 2 2 1 10 15 NUMBER OF LOANS - TOTAL 3 1 34 46 PERCENTAGE OF LOANS 0.2034% 0.0678% 2.3051% 3.1186% REO LOAN INFORMATION: PRINCIPAL BALANCE - GROUP 1 0.00 0.00 1,086,017.96 1,086,017.96 PRINCIPAL BALANCE - GROUP 2 0.00 0.00 880,483.36 880,483.36 PRINCIPAL BALANCE - TOTAL 0.00 0.00 1,966,501.32 1,966,501.32 PERCENTAGE OF POOL BALANCE 0.0000% 0.0000% 1.2789% 1.2789% NUMBER OF LOANS - GROUP 1 0 0 7 7 NUMBER OF LOANS - GROUP 2 0 0 8 8 NUMBER OF LOANS - TOTAL 0 0 15 15 PERCENTAGE OF LOANS 0.0000% 0.0000% 1.0169% 1.0169% ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: (SEE ATTACHED, IF ANY) AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 857,764.84 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 8,789,294.96 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 9,647,059.80 ------------ - ------------------------------------------------------------------------------------------------------------------------------------
Page 2 of 3 (C) COPYRIGHT 1997 Bankers Trust Company IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: October 27, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 816,609.58 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 8,818,050.69 CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 565,470.46 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: 153,762,350.26 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 10.3708% CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY- GROUP 1 325 CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY- GROUP 2 342 CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 11,307,099.16 CURRENT PERIOD SUBORDINATED AMOUNT: 10,012,588.74 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 565,470.46 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00 AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 28,755.73 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 546,983.31 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 575,739.04 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 37,813.55 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: 9.6638% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 9.6638% AGGREGATE NUMBER OF MORTGAGE LOANS AT END OF PERIOD 1475 - ------------------------------------------------------------------------------------------------------------------------------------
Page 3 of 3 (C) COPYRIGHT 1997 Bankers Trust Company EX-99.15 16 ADDITIONAL EXHIBITS
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS - ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- BONDS 259,813,919.00 143,749,761.52 694,499.35 8,696,149.01 9,390,648.36 0.00 0.00 135,053,612.51 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 259,813,919.00 143,749,761.52 694,499.35 8,696,149.01 9,390,648.36 0.00 0.00 135,053,612.51 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 553.279678 2.673064 33.470682 36.143746 519.808996 6.007500% 6.070000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 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 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 1,094,899.64 0.00 1,094,899.64 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 1,094,899.64 0.00 1,094,899.64 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 4.214169 0.000000 4.214169 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 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 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS Distribution Date: November 25, 1997 DELINQUENT AND LOAN 30 TO 59 60 TO 89 90 PLUS INFORMATION DAYS DAYS DAYS TOTAL PRINCIPAL BALANCE - GROUP 1 4,125,990.00 391,018.68 82,029.57 4,599,038.25 PRINCIPAL BALANCE - GROUP 2 1,634,161.12 113,215.22 0.00 1,747,376.34 PRINCIPAL BALANCE - TOTAL 5,760,151.12 504,233.90 82,029.57 6,346,414.59 PERCENTAGE OF POOL BALANCE 3.9835% 0.3487% 0.0567% 4.3890% NUMBER OF LOANS- GROUP 1 36 3 2 41 NUMBER OF LOANS - GROUP 2 18 2 0 20 NUMBER OF LOANS -TOTAL 54 5 2 61 PERCENTAGE OF LOANS 3.8571% 0.3571% 0.1429% 4.3571% FORECLOSURE LOAN INFORMATION: PRINCIPAL BALANCE - GROUP 1 42,843.56 752,308.72 3,222,473.16 4,091,198.56 PRINCIPAL BALANCE - GROUP 2 0.00 0.00 3,435,662.01 4,067,393.72 PRINCIPAL BALANCE - TOTAL 42,843.56 752,308.72 6,658,135.17 8,158,592.28 PERCENTAGE OF POOL BALANCE 0.0296% 0.5203% 4.6045% 5.6422% NUMBER OF LOANS- GROUP 1 1 10 37 49 NUMBER OF LOANS- GROUP 2 0 0 26 28 NUMBER OF LOANS - TOTAl 1 10 63 77 PERCENTAGE OF LOANS 0.0714% 0.7143% 4.5000% 5.5000% BANKRUPTCY LOAN INFORMATION: PRINCIPAL BALANCE - GROUP 1 0.00 0.00 2,664,508.08 4,114,055.10 PRINCIPAL BALANCE - GROUP 2 0.00 333,799.52 1,124,047.61 1,883,794.23 PRINCIPAL BALANCE -TOTAL 0.00 333,799.52 3,788,555.69 5,997,849.33 PERCENTAGE OF POOL BALANCE 0.0000% 0.2308% 2.6200% 4.1479% NUMBER OF LOANS - GROUP 1 0 0 27 35 NUMBER OF LOANS - GROUP 2 0 3 11 17 NUMBER OF LOANS - TOTAL 0 3 38 52 PERCENTAGE OF LOANS 0.0000% 0.2143% 2.7143% 3.7143% REO LOAN INFORMATION: PRINCIPAL BALANCE - GROUP 1 0.00 0.00 288,081.46 288,081.46 PRINCIPAL BALANCE - GROUP 2 0.00 0.00 1,235,996.90 1,235,996.90 PRINCIPAL BALANCE - TOTAL 0.00 0.00 1,524,078.36 1,524,078.36 PERCENTAGE OF POOL BALANCE 0.0000% 0.0000% 1.0540% 1.0540% NUMBER OF LOANS - GROUP 1 0 0 3 3 NUMBER OF LOANS - GROUP 2 0 0 11 11 NUMBER OF LOANS - TOTAL 0 0 14 14 PERCENTAGE OF LOANS 0.0000% 0.0000% 1.0000% 1.0000%
ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: (SEE ATTACHED, IF ANY) AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 760,576.17 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 9,133,736.79 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 9,894,312.96 ------------
Page 2 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS Distribution Date: November 25, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 694,499.35 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 8,696,149.01 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: 144,599,741.90 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 10.4349% CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY- GROUP 1 323 CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY- GROUP 2 341 CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 9,546,129.39 CURRENT PERIOD SUBORDINATED AMOUNT: 9,546,129.39 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 626,667.35 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 468,232.29 AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 30,644.51 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 581,882.84 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 612,527.35 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 36,098.49 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: 10.8690% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 10.8690% AGGREGATE NUMBER OF MORTGAGE LOANS AT END OF PERIOD 1400
Page 3 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS Distribution Date: November 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: 22 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: 3,394,590.88 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: (1,838.15) CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: 190,171.77 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-99.16 17 ADDITIONAL EXHIBITS IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTIONS IN DOLLARS PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- BONDS 259,813,919.00 135,053,612.51 705,917.73 7,008,664.28 7,714,582.01 0.00 0.00 128,044,948.23 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 259,813,919.00 135,053,612.51 705,917.73 7,008,664.28 7,714,582.01 0.00 0.00 128,044,948.23 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ------------------------------------------------------------------------------------------------------------------------------------ BONDS 452628AA8 519.808996 2.717013 26.975707 29.692720 492.833289 6.070000% 6.445000% - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 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 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 0.00 953,834.62 0.00 953,834.62 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 0.00 0.00 953,834.62 0.00 953,834.62 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 3.671222 0.000000 3.671222 0.000000 0.000000% 0.000000% - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ SELLER: ICI Funding Corporation ADMINISTRATOR: Joseph Murphy MASTER SERVICER: ICI Funding Corporation Bankers Trust Co. of California, NA LEAD UNDERWRITER: Salomon Brothers Inc 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 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: December 26, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ DELINQUENT AND LOAN 30 TO 59 60 TO 89 90 PLUS INFORMATION DAYS DAYS DAYS TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL BALANCE - GROUP 1 4,733,623.33 837,360.24 243,134.99 5,814,118.56 PRINCIPAL BALANCE - GROUP 2 2,418,461.59 348,168.56 268,590.88 3,035,221.03 PRINCIPAL BALANCE - TOTAL 7,152,084.92 1,185,528.80 511,725.87 8,849,339.59 PERCENTAGE OF POOL BALANCE 5.2182% 0.8650% 0.3734% 6.4566% NUMBER OF LOANS- GROUP 1 39 8 2 49 NUMBER OF LOANS - GROUP 2 22 4 1 27 NUMBER OF LOANS -TOTAL 61 12 3 76 PERCENTAGE OF LOANS 4.5796% 0.9009% 0.2252% 5.7057% FORECLOSURE LOAN INFORMATION: PRINCIPAL BALANCE - GROUP 1 177,955.47 675,309.36 3,286,945.61 4,140,210.44 PRINCIPAL BALANCE - GROUP 2 0.00 27,816.83 2,052,223.78 2,247,657.26 PRINCIPAL BALANCE - TOTAL 177,955.47 703,126.19 5,339,169.39 6,387,867.70 PERCENTAGE OF POOL BALANCE 0.1298% 0.5130% 3.8955% 4.6606% NUMBER OF LOANS- GROUP 1 2 8 37 47 NUMBER OF LOANS- GROUP 2 0 1 20 22 NUMBER OF LOANS - TOTAL 2 9 57 69 PERCENTAGE OF LOANS 0.1502% 0.6757% 4.2793% 5.1802% BANKRUPTCY LOAN INFORMATION: PRINCIPAL BALANCE - GROUP 1 27,162.08 0.00 2,770,353.06 3,880,517.60 PRINCIPAL BALANCE - GROUP 2 0.00 104,555.82 1,268,795.54 1,948,210.11 PRINCIPAL BALANCE -TOTAL 27,162.08 104,555.82 4,039,148.60 5,828,727.71 PERCENTAGE OF POOL BALANCE 0.0198% 0.0763% 2.9470% 4.2527% NUMBER OF LOANS - GROUP 1 1 0 27 33 NUMBER OF LOANS - GROUP 2 0 1 12 17 NUMBER OF LOANS - TOTAL 1 1 39 50 PERCENTAGE OF LOANS 0.0751% 0.0751% 2.9279% 3.7538% REO LOAN INFORMATION: PRINCIPAL BALANCE - GROUP 1 0.00 0.00 222,192.90 222,192.90 PRINCIPAL BALANCE - GROUP 2 0.00 0.00 1,051,636.88 1,051,636.88 PRINCIPAL BALANCE - TOTAL 0.00 0.00 1,273,829.78 1,273,829.78 PERCENTAGE OF POOL BALANCE 0.0000% 0.0000% 0.9294% 0.9294% NUMBER OF LOANS - GROUP 1 0 0 3 3 NUMBER OF LOANS - GROUP 2 0 0 11 11 NUMBER OF LOANS - TOTAL 0 0 14 14 PERCENTAGE OF LOANS 0.0000% 0.0000% 1.0511% 1.0511%
ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: (SEE ATTACHED, IF ANY) AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 691,037.47 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 7,394,199.54 ------------ AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 8,085,237.01 ------------ Page 2 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: December 26, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ CURRENT PERIOD INTEREST PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 705,917.73 CURRENT PERIOD PRINCIPAL PAYMENT AMOUNT PAYABLE TO THE BONDHOLDERS: 7,008,664.28 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: 137,059,712.47 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 10.4639% CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY- GROUP 1 322 CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY- GROUP 2 340 CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 9,014,764.24 CURRENT PERIOD SUBORDINATED AMOUNT: 9,014,764.24 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 537,277.35 CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 416,557.27 AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 31,022.01 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 576,614.07 ---------- AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 607,636.08 ---------- AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 30,868.49 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: 10.2101% AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 10.2101% AGGREGATE NUMBER OF MORTGAGE LOANS AT END OF PERIOD 1332 Page 3 of 4 (C) COPYRIGHT 1997 Bankers Trust Company
IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1996-1 COLLATERALIZED MORTGAGE BONDS SERIES 1996-1 STATEMENT TO BONDHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------ Distribution Date: December 26, 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: 34 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: 4,698,911.20 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: 114,807.88 CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: 304,979.65 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
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