-----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, N83Kwor79GdAwWrxjERhg6bldVYq+XQO5HIVmR6jkYnk04YahWtcEG/ZSYqaCfSS bWb+4pg9AkpGV06GOuf/+g== 0001020242-02-000467.txt : 20021213 0001020242-02-000467.hdr.sgml : 20021213 20021213095740 ACCESSION NUMBER: 0001020242-02-000467 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021125 ITEM INFORMATION: Other events FILED AS OF DATE: 20021213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMH ASSETS CORP CENTRAL INDEX KEY: 0001017447 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 330705301 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-06637 FILM NUMBER: 02856312 BUSINESS ADDRESS: STREET 1: 1401 DOVE STREET STREET 2: SUITE 200 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 9494753600 MAIL ADDRESS: STREET 1: 20371 IRVINE AVENUE CITY: SANTA ANA HEIGHTS STATE: CA ZIP: 92707 8-K 1 im020211.txt IMH ASSET CORP SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 25, 2002 > IMH ASSETS CORP. (as Company under a Series 2002-2 Indenture, dated as of April 29, 2002 providing for, inter alia, the issuance of Collateralized Asset- > Backed Bonds, Series 2002-2). IMH ASSETS CORP (Exact name of Registrant as specified in its Charter) DELAWARE (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 November 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. Deutsche Bank National Trust Company, not in its individual capacity, but solely as > a duly authorized agent of the Registrant pursuant to the Indenture, dated as of April 29, 2002. Date: Dec 12, 2002 By: /s/ Katie Wannenmacher Katie Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of November 25, 2002. Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds November 25, 2002 Distribution Contents TABLE OF CONTENTS > Page 1. Contents > 1 2. Certificate Payment > Report 2 3. Collection Account >Report 4 4. Credit Enhancement >Report 7 5. Collateral Report > 8 6. Delinquency Report > 11 7. REO Report > 14 8. Prepayment Report > 15 9. Prepayment Detail R >eport 18 10. Realized Loss Repor >t 19 11. Realized Loss Detai >l Report 22 12. Triggers, Adj. Rate > Cert. and Miscellaneous Report 23 13. Other Related Infor >mation 24 Total Number of Pag >es 24 CONTACTS Administrator: Ja >mes F Noriega Direct Phone Number >: (714)247-6281 Address: Deutsche > Bank 17 >61 E. St. Andrew Place, Santa Ana, CA 92705 Web Site: http:// >www.corporatetrust.db.com/invr Factor Information: > (800) 735-7777 Main Phone Number: > (714) 247-6000 ISSUANCE INFORMATION Seller: IMPAC Mortgage Holdings Inc. > Cut-Off Date: April 1, 20 >02 Certificate Insurer(s): AMBAC Indemnity Corporation > Closing Date: April 29, >2002 > First Payment Date: May 28, 2002 Servicer(s): Impac Funding Corporation Mas >ter Servicer Wendover Funding, Inc. Sub-Se >rvicer Countrywide Funding Corporation > Sub-Servicer > Distribution Date: November 25, > 2002 Underwriter(s): Countrywide Securities Co-Lea >d Underwriter Record Date: October 31 >, 2002 Greenwich Capital Markets, Inc. > Co-Lead Underwriter > Page 1 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Certificate Payment Report for November 25, 2002 Distribution Distribution in Dollars - Current Period Prio >r > Current Class Original Prin >cipal Total Realized Deferred > Principal Class Type Face Value Bala >nce Interest Principal Distribution Losses Interest > Balance (1) > (2) (3) (4)=(2)+(3) (5) (6) > (7)=(1)-(3)-(5)+(6) A FLT, STEP, 472500000 >440740525.3 800801.05 9344350.97 10145152.02 0 > 0 431396174.4 B SUB, FLT, S 23750000 >22153624.29 74971.56 469689.6 544661.16 0 > 0 21683934.69 Cert R 0 > 0 1199913.62 0 1199913.62 0 > 0 0 Total 496250000 >462894149.6 2075686.23 9814040.57 11889726.8 0 > 0 453080109.1 Interest Accrual Detail Curr >ent Period Factor Information per $1,000 of Original Face > Orig. PrincipalPrior > Current Period Period > (with Notional)Principal Total > Principal Class Starting Ending Method Cusi >p Balance Balance Interest Principal Distribu >tion Balance > (1) (2) (3) (4)=(2)+ >(3) (5) A 37554 37584 A-Act/360 4525 >4NCK1 472500000 932.7841806 1.694817037 19.77640417 21.4 >7122121 913.0077764 B 37554 37584 A-Act/360 4525 >4NCL9 23750000 932.7841806 3.156697263 19.77640421 22.9 >3310147 913.0077764 Cert 37554 37584 - > 0 0 0 0 > 0 0 > Page 2 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Certificate Payment Report for November 25, 2002 Distribution Distribution in Dollars - to Date > > Current Original Unsc >heduled Scheduled Total Total Realized Deferred > Principal Class Face Value Interest Prin >cipal Principal Principal Distribution Losses Interest > Balance (1) (2) (3) > (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8) > (9)=(1)-(5)-(7)+(8) A 472500000 5649557.09 >38162844.25 2940981.393 41103825.64 46753382.73 0 > 0 431396174.4 B 23750000 528833 >1918238.203 147827.1071 2066065.31 2594898.31 0 > 0 21683934.69 Cert 0 10244249.55 > 0 0 0 10244249.55 0 > 0 0 Total 496250000 16422639.64 >40081082.45 3088808.5 43169890.95 59592530.59 0 > 0 453080109.1 Interest Detail Pass- Prior Principal > Non- Prior Unscheduled Paid or > Current Through (with Notional) Accr >ued Supported Unpaid Interest Optimal Deferred > Unpaid Class Rate Balance Inte >rest Interest SF Interest Adjustments Interest Interest > Interest (1) > (2) (3) (4) (5)=(1)-(2)+(3)(6) > (7)=(5)-(6) A 0.0211 440740525.3 > 800801.05 0 0 0 800801.05 80 >0801.05 0 B 0.0393 22153624.29 > 74971.56 0 0 0 74971.56 7 >4971.56 0 Cert 0 > 0 0 0 0 1199913.62 119 >9913.62 0 Total 462894149.6 > 875772.61 0 0 0 2075686.23 207 >5686.23 0 > Page 3 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Collection Account Report for November 25, 2002 Distribution Collection Account Report SUMMARY > ADJUSTABLE FIXED TOTAL Principal Collections > 9,764,770.53 49,270.04 9,814,040.57 Principal Withdrawals > 0.00 0.00 0.00 Principal Other Accounts > 0.00 0.00 0.00 TOTAL PRINCIPAL > 9,764,770.53 49,270.04 9,814,040.57 Interest Collections > 2,306,533.08 2,116.71 2,308,649.79 Interest Withdrawals > 0.00 0.00 0.00 Interest Other Accounts > 0.00 0.00 0.00 Interest Fees > (212,295.11) (128.51) (212,423.62) TOTAL INTEREST > 2,094,237.97 1,988.20 2,096,226.17 TOTAL AVAILABLE FUNDS TO BONDHOLDERS > 11,859,008.50 51,258.24 11,910,266.74 PRINCIPAL - COLLECTIONS > ADJUSTABLE FIXED TOTAL Scheduled Principal > 479,185.15 0.00 479,185.15 Curtailments > 160,370.33 213.71 160,584.04 Prepayments in Full > 9,125,215.05 49,056.33 9,174,271.38 Repurchases/Substitutions > 0.00 0.00 0.00 Liquidations > 0.00 0.00 0.00 Insurance Principal > 0.00 0.00 0.00 Other Additional Principal > 0.00 0.00 0.00 Delinquent Principal > (176,757.62) 0.00 (176,757.62) Realized Losses > 0.00 0.00 0.00 Substitution Adjustments- Principal > 0.00 0.00 0.00 Termination Price Amounts- Principal > 0.00 0.00 0.00 Additional Principal Amts > 0.00 0.00 0.00 Principal Advanced > 176,757.62 0.00 176,757.62 TOTAL PRINCIPAL > 9,764,770.53 49,270.04 9,814,040.57 Page 4 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Collection Account Report for November 25, 2002 Distribution Collection Account Report PRINCIPAL - WITHDRAWALS > ADJUSTABLE FIXED TOTAL SPACE INTENTIONALLY LEFT BLANK PRINCIPAL - OTHER ACCOUNTS > ADJUSTABLE FIXED TOTAL SPACE INTENTIONALLY LEFT BLANK INTEREST - COLLECTIONS > ADJUSTABLE FIXED TOTAL Scheduled Interest > 2,367,914.57 2,279.28 2,370,193.85 Repurchases/Substitutions > 0.00 0.00 0.00 Liquidations > 0.00 0.00 0.00 Insurance Interest > 0.00 0.00 0.00 Other Additional Interest > 0.00 0.00 0.00 Prepayment Interest Shortfalls > (35,037.89) (289.74) (35,327.63) Relief Act Interest Shortfalls > 0.00 0.00 0.00 Delinquent Interest > (981,841.34) (677.72) (982,519.06) Interest Realized Losses > 0.00 0.00 0.00 Compensating Interest > 35,037.89 182.81 35,220.70 Substitution Adjustments- Interest > 0.00 0.00 0.00 Termination Price Amounts- Interest > 0.00 0.00 0.00 Additional Interest Amts > 0.00 0.00 0.00 Interest Prepayment Premiums > 0.00 0.00 0.00 Interest Advanced > 920,459.85 622.08 921,081.93 Cap Contract Payment Amt > 0.00 0.00 0.00 TOTAL INTEREST > 2,306,533.08 2,116.71 2,308,649.79 Page 5 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Collection Account Report for November 25, 2002 Distribution Collection Account Report INTEREST - WITHDRAWALS > ADJUSTABLE FIXED TOTAL Prev. Unreimbursed PMI Premiums > 0.00 0.00 0.00 Prev. Unreimbursed Spec Haz Premiums > 0.00 0.00 0.00 Prev. Unreimbursed Liq. Expenses > 0.00 0.00 0.00 Prev. Unreimbursed Master/Sub-Servicing Fees > 0.00 0.00 0.00 Amt Rvcd Not Due Bondholder /Deposits in Error > 0.00 0.00 0.00 Prev. Unreimb. P&I Advances/Non Recov Advances > 0.00 0.00 0.00 Prev. Unreimbursed Servicing Advances > 0.00 0.00 0.00 Clear and Terminate Collection Account > 0.00 0.00 0.00 TOTAL INTEREST WITHDRAWALS > 0.00 0.00 0.00 INTEREST - OTHER ACCOUNTS > ADJUSTABLE FIXED TOTAL Cap Contract Payment Amounts > 0.00 Floor Contract Payment Amounts > 20,539.94 Swap Contract Payment Amounts > 0.00 INTEREST - FEES > ADJUSTABLE FIXED TOTAL Owner Trustee Fee > 660.68 0.40 661.08 Indenture Trustee Fee > 1,554.54 0.94 1,555.48 Bond Insurance Premium Amount > 64,709.43 0.00 64,709.43 Radian PMI Insurance Premiums > 49,354.48 0.00 49,354.48 Current Servicing Fees > 96,015.98 127.17 96,143.15 TOTAL INTEREST FEES > 212,295.11 128.51 212,423.62 Page 6 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Credit Enhancement Report for November 25, 2002 Distribution Credit Enhancement Report ACCOUNTS > ADJUSTABLE FIXED TOTAL SPACE INTENTIONALLY LEFT BLANK INSURANCE > ADJUSTABLE FIXED TOTAL SPACE INTENTIONALLY LEFT BLANK STRUCTURAL FEATURES > ADJUSTABLE FIXED TOTAL Current Periods Required Overcollateralization Amt > 3,749,982.89 Current Periods Overcollateralization Amt > 3,749,982.89 Current Periods Extra Principal Distribution > 0.00 Current Periods Net Monthly Excess Cashflow > 1,200,020.55 Current Periods Overcollateralization Release > 0.00 60 Day Rolling Delinquency Amount > 5,519,195.33 90 Day Rolling Delinquency Amount > 3,797,346.09 Available Funds Rate > 5.2077% Page 7 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Collateral Report for November 25, 2002 Distribution Collateral Report COLLATERAL > ADJUSTABLE FIXED TOTAL Loan Count: Original > 2009 6 2015 Prior > 1881 5 1886 Prefunding > 0 0 0 Scheduled Paid Offs > 0 0 0 Full Voluntary Prepayments > -37 -1 -38 Repurchases > 0 0 0 Liquidations > 0 0 0 Current > 1844 4 1848 Principal Balance: Original > 499686850 310868.95 499997719 Prior > 466362880.4 281252.11 466644132.5 Prefunding > 0 0 0 Scheduled Principal > -479185.15 0 -479185.15 Partial and Full Voluntary Prepayments > -9285585.38 -49270.04 -9334855.42 Repurchases > 0 0 0 Liquidations > 0 0 0 Current > 456598109.9 231982.07 456830091.9 PREFUNDING > ADJUSTABLE FIXED TOTAL PRE-FUNDING ACCOUNT Original Pre-Funded Amount > 0.00 Balance of Subsequent Mortgage Loans added this period > 0.00 Withdrawal remaining amounts > 0.00 Pre-Funding Account Ending Balance > 0.00 Fixed Adjustable Current Prin Balance by Groups (in millions of dollars) Tota >l Current Principal Balance (in millions of dollars) Page 8 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Collateral Report for November 25, 2002 Distribution Collateral Report CHARACTERISTICS > ADJUSTABLE FIXED TOTAL Weighted Average Coupon Original > 0.066301649 0.097840746 0.066321258 Weighted Average Coupon Prior > 0.063848026 0.097251743 0.063867851 Weighted Average Coupon Current > 0.060928895 0.097248479 0.060950785 Weighted Average Months to Maturity Original > 359 175 358.8849403 Weighted Average Months to Maturity Prior > 354 171 353.8897037 Weighted Average Months to Maturity Current > 353 170 352.9070711 Weighted Avg Remaining Amortization Term Original > 358.1400787 323.1025499 358.1181689 Weighted Avg Remaining Amortization Term Prior > 353.1454486 333.75759 353.1337633 Weighted Avg Remaining Amortization Term Current > 352.1522287 329.3902334 352.1406699 Weighted Average Seasoning Original > 1.8599213 5.08046201 1.861935183 Weighted Average Seasoning Prior > 6.85455137 9.98712283 6.856439409 Weighted Average Seasoning Current > 7.84777135 10.35025091 7.84904213 Note: Original information refers to deal issue. Fixed Adjustable WAC by Groups Tota >l WAC WARAT by Groups Tota >l WARAT Note: Dates correspond to distribution dates. Page 9 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Collateral Report for November 25, 2002 Distribution Collateral Report ARM CHARACTERISTICS > ADJUSTABLE FIXED TOTAL Weighted Average Margin Original > 0.0288271 Weighted Average Margin Prior > 0.02877383 Weighted Average Margin Current > 0.02877727 Weighted Average Max Rate Original > 0.1306022 Weighted Average Max Rate Prior > 0.13049379 Weighted Average Max Rate Current > 0.13052895 Weighted Average Min Rate Original > 0.03023275 Weighted Average Min Rate Prior > 0.03013005 Weighted Average Min Rate Current > 0.03015562 Weighted Average Cap Up Original > 0.01008218 Weighted Average Cap Up Prior > 0.01007769 Weighted Average Cap Up Current > 0.01007715 Weighted Average Cap Down Original > 0.01008218 Weighted Average Cap Down Prior > 0.01007769 Weighted Average Cap Down Current > 0.01007715 Note: Original information refers to deal issue. SERVICING FEES / ADVANCES > ADJUSTABLE FIXED TOTAL Current Servicing Fees > 96,015.98 127.17 96,143.15 Delinquent Servicing Fees > 61,381.49 55.64 61,437.13 TOTAL SERVICING FEES > 157,397.47 182.81 157,580.28 Total Servicing Fees > 157,397.47 182.81 157,580.28 Compensating Interest > (35,037.89) (182.81) (35,220.70) Delinquent Servicing Fees > (61,381.49) (55.64) (61,437.13) COLLECTED SERVICING FEES > 60,978.09 (55.64) 60,922.45 Current PPIS > 35,037.89 289.74 35,327.63 Current Net PPIS > 0.00 106.93 106.93 Total Advanced Principal For Current Payment Date > 176,757.62 0.00 176,757.62 Total Advanced Interest For Current Payment Date > 920,459.85 622.08 921,081.93 TOTAL ADVANCES FOR CURRENT PERIOD > 1,097,217.47 622.08 1,097,839.55 ADDITIONAL COLLATERAL INFORMATION > ADJUSTABLE FIXED TOTAL SPACE INTENTIONALLY LEFT BLANK Page 10 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Delinquency Report for November 25, 2002 Distribution Delinquency Report - Total CURRENT 1 PA >YMENT 2 PAYMTS 3+ PAYMTS TOTAL DELINQUENT Balance > 3261068.57 980869.13 977401.71 5219339.41 % Balance >0.007138471 0.00214712 0.00213953 0.011425122 # Loans > 13 4 4 21 % # Loans >0.007034632 0.002164502 0.002164502 0.011363636 FORECLOSURE Balance 0 > 0 0 3945887.81 3945887.81 % Balance 0 > 0 0 0.008637539 0.008637539 # Loans 0 > 0 0 13 13 % # Loans 0 > 0 0 0.007034632 0.007034632 BANKRUPTCY Balance 0 > 0 0 286031.08 286031.08 % Balance 0 > 0 0 0.000626121 0.000626121 # Loans 0 > 0 0 2 2 % # Loans 0 > 0 0 0.001082251 0.001082251 REO Balance 0 > 0 0 209059.54 209059.54 % Balance 0 > 0 0 0.000457631 0.000457631 # Loans 0 > 0 0 1 1 % # Loans 0 > 0 0 0.000541126 0.000541126 TOTAL Balance 0 > 3261068.57 980869.13 5418380.14 9660317.84 % Balance 0 >0.007138471 0.00214712 0.011860821 0.021146413 # Loans 0 > 13 4 20 37 % # Loans 0 >0.007034632 0.002164502 0.010822511 0.020021645 Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Pay >ments = 91+ > 6 Months Moving Average 1 or 2 Payments Delinquent 3 or > More Payments Delinquent Total Foreclosure Tota >l Bankruptcy and REO Note: Dates correspond to distribution dates. Page 11 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Delinquency Report for November 25, 2002 Distribution Delinquency Report - Fixed Group CURRENT 1 PA >YMENT 2 PAYMTS 3+ PAYMTS TOTAL DELINQUENT Balance > 0 0 0 0 % Balance > 0 0 0 0 # Loans > 0 0 0 0 % # Loans > 0 0 0 0 FORECLOSURE Balance 0 > 0 0 0 0 % Balance 0 > 0 0 0 0 # Loans 0 > 0 0 0 0 % # Loans 0 > 0 0 0 0 BANKRUPTCY Balance 0 > 0 0 0 0 % Balance 0 > 0 0 0 0 # Loans 0 > 0 0 0 0 % # Loans 0 > 0 0 0 0 REO Balance 0 > 0 0 0 0 % Balance 0 > 0 0 0 0 # Loans 0 > 0 0 0 0 % # Loans 0 > 0 0 0 0 TOTAL Balance 0 > 0 0 0 0 % Balance 0 > 0 0 0 0 # Loans 0 > 0 0 0 0 % # Loans 0 > 0 0 0 0 Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Pay >ments = 91+ > 6 Months Moving Average 1 or 2 Payments Delinquent 3 or > More Payments Delinquent Total Foreclosure Tota >l Bankruptcy and REO Note: Dates correspond to distribution dates. Page 12 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Delinquency Report for November 25, 2002 Distribution Delinquency Report - Adjustable Group CURRENT 1 PA >YMENT 2 PAYMTS 3+ PAYMTS TOTAL DELINQUENT Balance > 3261068.57 980869.13 977401.71 5219339.41 % Balance >0.007142098 0.002148211 0.002140617 0.011430926 # Loans > 13 4 4 21 % # Loans >0.007049892 0.002169197 0.002169197 0.011388286 FORECLOSURE Balance 0 > 0 0 3945887.81 3945887.81 % Balance 0 > 0 0 0.008641928 0.008641928 # Loans 0 > 0 0 13 13 % # Loans 0 > 0 0 0.007049892 0.007049892 BANKRUPTCY Balance 0 > 0 0 286031.08 286031.08 % Balance 0 > 0 0 0.000626439 0.000626439 # Loans 0 > 0 0 2 2 % # Loans 0 > 0 0 0.001084599 0.001084599 REO Balance 0 > 0 0 209059.54 209059.54 % Balance 0 > 0 0 0.000457863 0.000457863 # Loans 0 > 0 0 1 1 % # Loans 0 > 0 0 0.000542299 0.000542299 TOTAL Balance 0 > 3261068.57 980869.13 5418380.14 9660317.84 % Balance 0 >0.007142098 0.002148211 0.011866848 0.021157157 # Loans 0 > 13 4 20 37 % # Loans 0 >0.007049892 0.002169197 0.010845987 0.020065076 Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Pay >ments = 91+ > 6 Months Moving Average 1 or 2 Payments Delinquent 3 or > More Payments Delinquent Total Foreclosure Tota >l Bankruptcy and REO Note: Dates correspond to distribution dates. Page 13 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 REO Report for November 25, 2002 Distribution REO Report - Mortgage Loans that Become REO During Current Dis >tribution SUMMARY LOAN GROUP Total Loan Count = 1 Loan Group 1 >= Fixed Group; REO Book Value = Not Available Total Original Principal Balance = 210,050.00 Loan Group 2 > = Adjustable Group; REO Book Value = Not Available Total Current Balance = 209,059.54 REO Book Value = Not Available REO Book Value reported corresponds to total REO loans, including loans that be >come REO during current distribution. Loan Number Original Stated Curr >ent State & & Principal Principal Paid to Note > LTV at Original Origination Loan Group Balance Balance Date Rate > Origination Term Date 1100344517 2 210050 209059.54 37408 > 0.09875GA - 95.00% 360 37321 Page 14 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Prepayment Report for November 25, 2002 Distribution Prepayment Report - Voluntary Prepayments VOLUNTARY PREPAYMENTS > ADJUSTABLE FIXED TOTAL Current Number of Paid in Full Loans > 37 1 38 Number of Repurchased Loans > 0 0 0 Total Number of Loans Prepaid in Full > 37 1 38 Paid in Full Balance > 9125215.05 49056.33 9174271.38 Repurchased Loans Balance > 0 0 0 Curtailments Amount > 160370.33 213.71 160584.04 Total Prepayment Amount > 9285585.38 49270.04 9334855.42 Cumulative Number of Paid in Full Loans > 165 2 167 Number of Repurchased Loans > 0 0 0 Total Number of Loans Prepaid in Full > 165 2 167 Paid in Full Balance > 39117165.07 49289.83 39166454.9 Repurchased Loans Balance > 0 0 0 Curtailments Amount > 882766.57 29597.05 912363.62 Total Prepayment Amount > 39999931.64 78886.88 40078818.52 Current Prin Balance of Repurchases Per Sec 3.18 > 0.00 0.00 0.00 Cumulative Prin Balance of Repurchases Per Sec 3.18 > 0.00 0.00 0.00 Total Prepayments by Groups (in thousands of dollars) Tota >l Prepayments (in thousands of dollars) Page 15 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Prepayment Report for November 25, 2002 Distribution Prepayment Report - Voluntary Prepayments VOLUNTARY PREPAYMENT RATES > ADJUSTABLE FIXED TOTAL SMM > 0.019931123 0.17518105 0.020024791 3 Months Avg SMM > 0.017452538 0.092149814 0.017497028 12 Months Avg SMM Avg SMM Since Cut-off > 0.011900342 0.040953683 0.011916992 CPR > 0.2146212 0.900847525 0.21552145 3 Months Avg CPR > 0.190452272 0.68654858 0.190892043 12 Months Avg CPR Avg CPR Since Cut-off > 0.133818328 0.394554602 0.133993467 PSA > 13.67402223 43.5181491 13.72915613 3 Months Avg PSA Approximation > 13.8965748 35.11741704 13.92526412 12 Months Avg PSA Approximation Avg PSA Since Cut-off Approximation > 13.78303633 24.81662959 13.79572057 Fixed Adjustable CPR by Groups Tota >l CPR PSA by Groups Tota >l PSA Page 16 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Prepayment Report for November 25, 2002 Distribution Prepayment Report - Voluntary Prepayments Fixed Adjustable CPR Avg since Cut-Off by Groups Tota >l CPR Avg since Cut-Off PSA Avg since Cut-Off by Groups Tota >l PSA Avg since Cut-Off PREPAYMENT CALCULATION METHODOLOGY Single Monthly Mortality (SMM): (Voluntary partial and full p >repayments + Repurchases)/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS)) Average SMM over period between nth month and mth month (AvgSMMn >,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)]^(1/months in period n,m) Average CPR over period between the nth month and mth month (Avg >CPRn,m): 1-((1-AvgSMMn,m)^12) Average PSA Approximation over period between the nth month and >mth month: AvgCPRn,m/(0.02*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,W >ASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Note: Prepayment rates are calculated since deal issue date and > include partial and full voluntary prepayments and repurchases. Dates correspond to distribution dates. Page 17 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Prepayment Detail Report for November 25, 2002 Distribution Prepayment Detail Report - Loans Prepaid in Full During Curren >t Distribution SUMMARY > LOAN GROUP Total Loan Count = 38 > Loan Group 1 = Fixed Group Total Original Principal Balance = 9,251,399.00 > Loan Group 2 = Adjustable Group Total Prepayment Amount = 9,174,271.38 Loan Number Original > Current State & Type Prepayment & Loan Principal Prepayment Prep >ayment Note LTV at & Origination Loan Group Status Balance Amount Date > Rate Origination Original Term Date 1100338832 1 49300 49056.33 > 37539 0.10125MD - 10.00% Paid Off - 18 37225 1100333342 2 161450 140279.72 > 37554 0.0725CA - 92.31% Paid Off - 36 37340 1100341235 2 208000 206044.15 > 37532 0.07125NC - 89.96% Paid Off - 36 37322 1100343856 2 518000 513606.58 > 37553 0.0575CA - 70.00% Paid Off - 36 37323 1100343877 2 567000 561453.55 > 37550 0.0499CA - 70.00% Paid Off - 36 37315 1100344118 2 129500 128698.06 > 37553 0.04875HI - 70.00% Paid Off - 36 37356 1100345922 2 208000 206396.21 > 37550 0.0575MA - 71.72% Paid Off - 36 37329 1100346060 2 261250 260146.71 > 37543 0.08625CA - 95.00% Paid Off - 36 37350 1100346086 2 334000 331850.17 > 37547 0.0575NV - 89.07% Paid Off - 36 37335 1100346173 2 381500 378061.32 > 37540 0.04375CA - 69.89% Paid Off - 36 37322 1100346226 2 308650 306653.65 > 37532 0.05625CA - 89.99% Paid Off - 36 37327 1100346242 2 175275 174482.22 > 37539 0.065CA - 95.00% Paid Off - 36 37349 1100346377 2 210000 208668.64 > 37533 0.0475CA - 84.00% Paid Off - 36 37362 1100346450 2 230900 228938.44 > 37557 0.0425CO - 24.31% Paid Off - 36 37329 1100346455 2 157450 156574.45 > 37553 0.0725AZ - 89.98% Paid Off - 36 37328 1100347232 2 297000 294942.27 > 37558 0.05375FL - 87.36% Paid Off - 36 37344 1100347720 2 279000 277238.18 > 37531 0.0575FL - 90.00% Paid Off - 36 37322 1100347737 2 101900 101122.52 > 37553 0.0475NC - 79.99% Paid Off - 36 37326 1100348480 2 477964 475855.12 > 37543 0.06625CA - 89.90% Paid Off - 36 37356 1100348673 2 71250 70898.7 > 37558 0.06875IL - 95.00% Paid Off - 36 37344 1100348771 2 179910 179244.34 > 37543 0.085MN - 90.00% Paid Off - 36 37369 1100348890 2 150000 148765.52 > 37557 0.0475CO - 45.53% Paid Off - 36 37335 1100349055 2 162000 161018.49 > 37559 0.065MD - 90.00% Paid Off - 36 37358 1100349225 2 118800 118403.28 > 37530 0.08FL - 90.00% Paid Off - 36 37358 1100349371 2 278100 277171.28 > 37539 0.09CA - 95.00% Paid Off - 36 37349 1100349729 2 251200 250122.07 > 37550 0.0725MD - 80.00% Paid Off - 36 37368 1100350158 2 216600 215713.36 > 37544 0.07CA - 95.00% Paid Off - 36 37358 1109003992 2 301500 299402.2 > 37558 0.0425CA - 90.00% Paid Off - 36 37336 1109005075 2 89900 88834.15 > 37560 0.0775TX - 89.99% Paid Off - 36 37349 1109005206 2 562500 560522.49 > 37557 0.0875CA - 75.00% Paid Off - 36 37370 1109005534 2 274000 272717.58 > 37530 0.06375CA - 66.51% Paid Off - 36 37368 1109005568 2 90900 90423.74 > 37540 0.0575CA - 90.00% Paid Off - 36 37364 2500014347 2 296900 295344.49 > 37553 0.0575CA - 78.97% Paid Off - 36 37328 2500014797 2 255700 254543.43 > 37558 0.065CA - 94.01% Paid Off - 36 37334 2500014969 2 170000 169019.49 > 37537 0.0525CA - 78.35% Paid Off - 36 37335 2500014975 2 476000 472994.18 > 37550 0.0575IL - 80.00% Paid Off - 36 37319 2500015454 2 103500 103171.78 > 37543 0.0925IL - 90.00% Paid Off - 36 37333 2500015629 2 146500 145892.52 > 37532 0.07TX - 83.67% Paid Off - 36 37370 Page > 18 of 24 COPYRIGHT 2002 Deutsc >he Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Realized Loss Report for November 25, 2002 Distribution Realized Loss Report - Collateral COLLATERAL REALIZED LOSSES > ADJUSTABLE FIXED TOTAL Current Number of Loans Liquidated > 0 0 0 Collateral Realized Loss/(Gain) Amount > 0 0 0 Net Liquidation Proceeds > 0 0 0 Cumulative Number of Loans Liquidated > 0 0 0 Collateral Realized Loss/(Gain) Amount > 0 0 0 Net Liquidation Proceeds > 0 0 0 Note: Collateral realized losses may include adjustments to loan >s liquidated in prior periods. Cumulative Loss Percentage For Related Payment Date > 0.0000% Fixed > 3 Months Moving Average Adjustable Collateral Loss Severity Approximation by Groups Coll >ateral Loss Severity Approximation Page 19 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Realized Loss Report for November 25, 2002 Distribution Realized Loss Report - Collateral DEFAULT SPEEDS > ADJUSTABLE FIXED TOTAL MDR > 0 0 0 3 Months Avg MDR > 0 0 0 12 Months Avg MDR Avg MDR Since Cut-off > 0 0 0 CDR > 0 0 0 3 Months Avg CDR > 0 0 0 12 Months Avg CDR Avg CDR Since Cut-off > 0 0 0 SDA > 0 0 0 3 Months Avg SDA Approximation > 0 0 0 12 Months Avg SDA Approximation Avg SDA Since Cut-off Approximation > 0 0 0 Loss Severity Approximation for Current Period 3 Months Avg Loss Severity Approximation 12 Months Avg Loss Severity Approximation Avg Loss Severity Approximation Since Cut-off Fixed Adjustable CDR by Groups Tota >l CDR SDA by Groups Tota >l SDA Page 20 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Realized Loss Report for November 25, 2002 Distribution Realized Loss Report - Collateral Fixed Adjustable CDR Avg since Cut-Off by Groups Tota >l CDR Avg since Cut-Off SDA Avg since Cut-Off by Groups Tota >l SDA Avg since Cut-Off COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY Monthly Default Rate (MDR): (Beg Principal Balance of Liquida >ted Loans)/(Total Beg Principal Balance) Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0. >02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60))) Average MDR over period between nth month and mth month (AvgMDRn >,m): [(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)]^(1/months in period n,m) Average CDR over period between the nth month and mth month (Avg >CDRn,m): 1-((1-AvgMDRn,m)^12) Average SDA Approximation over period between the nth month and >mth month: AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX >(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60))) Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of mo >nths in the period n,m) Loss Severity Approximation for current period: sum(Realized Los >s Amount)/sum(Beg Principal Balance of Liquidated Loans) Average Loss Severity Approximation over period between nth mont >h and mth month: Avg(Loss Severityn,m) Note: Default rates are calculated since deal issue date and in >clude realized gains and additional realized losses and gains from prior period >s. Dates correspond to distribution dates. Page 21 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Realized Loss Detail Report for November 25, 2002 Distribution Realized Loss Detail Report - Loans Liquidated During Current >Distribution SUMMARY > LOAN GROUP Total Loan Count = 0 > Loan Group 1 = Fixed Group Total Original Principal Balance = 0.00 > Loan Group 2 = Adjustable Group Total Prior Principal Balance = 0.00 Total Realized Loss Amount = 0.00 Total Net Liquidation Proceeds = 0.00 Loan Number Original Prior > Current State & & Loan Principal Principal Real >ized Note LTV at Original Origination Loan Group Status Balance Balance Loss >/(Gain) Rate Origination Term Date SPACE INTENTIONALLY LEFT BLANK Page > 22 of 24 COPYRIGHT 2002 Deutsc >he Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Triggers, Adj. Rate Cert. and Miscellaneous Report for November >25, 2002 Distribution Triggers, Adj. Rate Cert. and Miscellaneous Report TRIGGER EVENTS > ADJUSTABLE FIXED TOTAL SPACE INTENTIONALLY LEFT BLANK ADJUSTABLE RATE CERTIFICATE INFORMATION > ADJUSTABLE FIXED TOTAL Current Periods Basis Risk Shortfall Carry Forward Amt > 0.00 Cumulative Basis Risk Shortfall Carry Forward Amt > 0.00 Current Periods LIBOR Rate > 1.8300% ADDITIONAL INFORMATION > ADJUSTABLE FIXED TOTAL Current Net Mortgage Rate > 5.5572% Page 23 of 24 > COPYRIGHT 2002 Deutsche Bank Impac CMB Trust 2002-2 Collateralized Asset-Backed Bonds Series 2002-2 Other Related Information for November 25, 2002 Distribution Other Related Information ADDITIONAL INFORMATION > ADJUSTABLE FIXED TOTAL Total Derivative Payments > 20,539.94 CPC2650 > 0.00 IRG31007 > 0.00 240430 (3418256) > 0.00 241353 (3420903) > 0.00 245746 (3438117) > 0.00 IMP022C1 > 0.00 IMP022C2 > 0.00 IMP022C3 > 0.00 IMP022C4 > 0.00 IMP022C5 > 0.00 NCC4728 (NC101108) > 0.00 NCC4729 (NC102597) > 0.00 IMP022F1 > 3,335.48 IMP022F2 > 6,522.48 IMP022F3 > 3,028.93 IMP022F4 > 3,379.95 IMP022F5 > 4,273.11 Page 24 of 24 > COPYRIGHT 2002 Deutsche Bank -----END PRIVACY-ENHANCED MESSAGE-----