8-K 1 im02018k1.txt IMPAC CMB TRUST SERIES 2002-1 COLLATERALIZED ASSET-BACKED BONDS SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 25, 2002 IMH ASSETS CORP. (as Company under a Series 2002-1 Indenture, dated as of February 27, 2002 providing for, inter alia, the issuance of Collateralized Asset- Backed Bonds, Series 2002-1). IMPAC CMB TRUST SERIES 2002-1 (Exact name of Registrant as specified in its Charter) CALIFORNIA (State or Other Jurisdiction of Incorporation) 333-06637 33-0705301 (Commission File Number) (I.R.S. Employer Identification No.) 1401 DOVE STREET NEWPORT BEACH, CALIFORNIA 92660 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (949) 475-3600 Item 5. Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 7. Financial Statement and Exhibits Exhibits: (as noted in Item 5 above) Monthly Remittance Statement to the Certificateholders dated as of March 25, 2002. 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. Bankers Trust Company of California, N.A., not in its individual capacity, but solely as a duly authorized agent of the Registrant pursuant to the Indenture, dated as of February 27, 2002. Date: March 27, 2002 By: /s/ Katie Wannenmacher Katie Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of March 25, 2002. Impac CMB Trust 2002-1 Collateralized Asset-Backed Bonds March 25, 2002 Distribution Contents TABLE OF CONTENTS > Page 1. Cont >ents 1 2. Cert >ificate Payment Report 2 3. Coll >ection Account Report 4 4. Cred >it Enhancement Report 7 5. Coll >ateral Report 8 6. Deli >nquency Report 11 7. REO >Report 14 8. Prep >ayment Report 15 9. Prep >ayment Detail Report 18 10. Real >ized Loss Report 19 11. Real >ized Loss Detail Report 22 12. Trig >gers, Adj. Rate Cert. and Miscellaneous Report 23 13. Othe >r Related Information 24 Tota >l Number of Pages > 24 CONTACTS Adm >inistrator: James F Noriega Dir >ect Phone Number: (714)247-6281 Add >ress: Deutsche Bank > 1761 E. St. Andrew Place, Santa Ana, CA 92705 Web > Site: http://www-apps.gis.deutsche-bank.com/invr Fac >tor Information: (800) 735-7777 Mai >n Phone Number: (714) 247-6000 ISSUANCE INFORMATION Seller: IMPAC Mortgage Hold >ings Inc. Cut-Off Date: > February 1, 2002 Certificate Insurer(s): AMBAC Indemnity Cor >poration Closing Date: > February 27, 2002 > First Payment Date: > March 25, 2002 Servicer(s): Impac Funding Corpo >ration Master Servicer Countrywide Funding > Corporation Sub-Servicer Wendover Funding, I >nc. Sub-Servicer > Distribution Date: > March 25, 2002 Underwriter(s): Countrywide Securit >ies Co-Lead Underwriter Record Date: > February 28, 2002 Greenwich Capital M >arkets, Inc. Co-Lead Underwriter > Page 1 of 24 > (c) COPYRIGHT 2002 Deutsche Bank HISTORICAL DATA > - STATEMENT 1 GROUP TOTAL 1 issue_idperiod > t_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 IM0201 200203 > 04.53E+0838165.48 0 0 0 1970 1 0 > 0 0 0 0 0 0 0 0 0 0 > 0 HISTORICAL DATA > - STATEMENT 1 GROUP 1 1 issue_idperiod >sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 IM0201 200203 > 1 774064838165.48 0 0 0 159 1 0 > 0 0 0 0 0 0 0 0 0 0 > 0 HISTORICAL DATA > - STATEMENT 1 GROUP 2 1 issue_idperiod >sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 IM0201 200203 > 24.45E+08 0 0 0 0 1811 0 0 > 0 0 0 0 0 0 0 0 0 0 > 0 HISTORICAL DATA > - STATEMENT 1 GROUP 3 0 issue_idperiod >sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 HISTORICAL DATA > - STATEMENT 1 GROUP 4 0 issue_idperiod >sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 > > 0 0 t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba 0130234.5 0 0 0 0 3 0 0 >0 0 0 0 0 0 0 0 0 0 > 0 038165.48 1 0 0130234.5 3 0 04.54E >+08 t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba 0130234.5 0 0 0 0 3 0 0 >0 0 0 0 0 0 0 0 0 0 > 0 038165.48 1 0 0130234.5 3 0 0 8048 >102 t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba 0 0 0 0 0 0 0 0 0 >0 0 0 0 0 0 0 0 0 0 > 0 0 0 0 0 0 0 0 0 04.46E >+08 t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba 7 >0 0 358.267 > 0 0 0.00008424 370195.7 96960714648.06 0 0 7 >0 0 167.282 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p 4.53E+08 1981 1974370195.7 96960714648.06 0 0 7 >0 0 2348.7132076.523792.36302813322841090627794848355.7356354.93231.7035 >240.0285440.1280920.029399 0.00990.009899 0 0 8.42376E-05 > > 0 0.00482555 90.43134021.9 4941.89 0 0 3 >0 0 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p 7909048 166 163 90.43134021.9 4941.89 0 0 3 >0 0 323.69 1942.58 3274.47 1114439 1051835 1051296 172167.2829 > 0 0 0 0 0 0 0 0 0.004825547 > > 0 0 370105.3835585.1 9706.17 0 0 4 >0 0 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p 4.45E+08 1815 1811370105.3835585.1 9706.17 0 0 4 >0 0 2025.01 13013420517.89291668932735907126743553 359358.2662 1.733 >790.0290580.1304010.0299290.0100780.010077 0 0 0 > > 0 0 0 0 0 0 0 0 >0 0 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p > > 0 0 0 0 0 0 0 0 >0 0 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p 0 0.00008424 00.000287 0 0.1 >39 0 0.0 >65 BankruptREO Total Total Total > > Total Total Total t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA 0 8.42376E-05 00.000287 0 Mar-02453.06950.0666 >37 0.0021680.997832 > 0.0021680.025705 0.0257051.7035247.544531 0 0.00482555 00.016467 0 BankruptREO Fixed Fixed Fixed > > Fixed Fixed Fixed t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa1or 2 padel_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA 0 0.004825547 00.016467 0 Mar-027.9090480.1384 >72 0.0172670.982733 > 0.0172670.188614 0.188614 0 0 0 0 0 0 BankruptREO AdjustabAdjustabAdjust >able > Adjustable Adjustable Adjustable t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA 0 0 0 0 0 Mar-02445.16040.0653 >42 0.0018950.998105 > 0.0018950.022507 0.022507 1.733796.490809 0 0 0 0 0 BankruptREO t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA 0 0 0 0 0 BankruptREO t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA > > Printing Pages Starting# Pages # Pag >es Total Total > > 1 1Contents 1 1 CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity 2 2Certificate Payment Repo 2 2 > 0 7.544531984.2551 0 1 0 0 > 0 0 0 > 3 3Collection Account Repor 4 3 > 0 > > 4 4Credit Enhancement Repor 7 1 > > 5 5Collateral Report 8 3 > 0 > > 6 6Delinquency Report 11 3 > 0 > > 7 7REO Report 14 1 > > 8 Foreclosure Report 0 > > 9 8Prepayment Report 15 3 > 0 > > 10 9Prepayment Detail Report 18 1 > > 11 10Realized Loss Report 19 3 > 0 > > 12 11Realized Loss Detail Rep 22 1 > > 13 12Triggers, Adj. Rate Cert 23 1 > > 14 13Other Related Informatio 24 1 > > 15 Additional Certificate Report 0 > > 16 Historical Certificate Payment Report > > 17 Credit Ratings > > Total Total Total Number of Pages 24 Fixed Fixed Fixed > Fixed Fixed CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity 138.9638 0 1 0 0 > 0 AdjustabAdjustable Adjustable > Adjustable Adjustable CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity 6.490809845.2913 0 1 0 0 > 0 0 0 CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity # Pages Total # # Standard Pgs per Report 1 1 0 2 2 1 0 3 3 1 1 1 1 0 3 3 1 0 3 1 1 1 1 0 0 0 3 3 1 1 1 0 3 3 1 1 1 1 1 1 1 1 0 1 0 0 0 0 0 24 > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity 3.383911225.4496 0 1 0 0 > 0 0 0 3.004933122.9599 0 1 0 0 > 0 0 0 Group 2 Group 2 Group 2 > Group 2 Group 2 CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity 30.18212901.1974 0 1 0 0 > 0 0 0 0 0 0 1 0 0 > 0 0 0 CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity # Pages Total # # Standard Pgs per Report 1 1 0 6 2 1 0 3 3 1 1 1 1 0 3 3 1 0 3 1 1 1 1 0 0 0 3 3 1 1 1 0 3 3 1 1 1 1 1 1 0 0 0 1 0 0 0 0 0 27