SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K /A

Current Report Pursuant To Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 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

June 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: Jan 23, 2003 By: /s/ Katie Wannenmacher

Katie Wannenmacher

Vice President

EXHIBIT INDEX

DOCUMENT

Monthly Remittance Statement to the Certificateholders

dated as of June 25, 2002.

	Impac CMB Trust 2002-2
	Collateralized Asset-Backed Bonds
	June 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 Report				18
			10.	Realized Loss Report				19
			11.	Realized Loss Detail Report				22
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				23
			13.	Other Related Information				24
				Total Number of Pages				24
			CONTACTS
				Administrator: James F Noriega
				Direct Phone Number: (714)247-6281
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: http://www-apps.gis.deutsche-bank.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, 2002
	Certificate Insurer(s):		AMBAC Indemnity Corporation					Closing Date: April 29, 2002
								First Payment Date: May 28, 2002
	Servicer(s):		Impac Funding Corporation Master Servicer
			Wendover Funding, Inc. Sub-Servicer
			Countrywide Funding Corporation Sub-Servicer
								Distribution Date: June 25, 2002
	Underwriter(s):		Countrywide Securities Co-Lead Underwriter					Record Date: May 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 June 25, 2002 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A	FLT, STEP,	472,500,000.00			469,769,485.78	774,597.69	4,781,345.14	5,555,942.83	-	-	464,988,140.64
B	SUB, FLT, S	23,750,000.00			23,612,751.93	72,359.97	240,332.16	312,692.13	-	-	23,372,419.77
Cert	R	-			-	1,607,610.74	-	1,607,610.74	-	-	-
Total		496,250,000.00			493,382,237.71	2,454,568.40	5,021,677.30	7,476,245.70	-	-	488,360,560.41
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
A	05/28/02	06/24/02		A-Act/360	45254NCK1	472,500,000.00	994.221134	1.639360	10.119249	11.758609	984.101885
B	05/28/02	06/24/02		A-Act/360	45254NCL9	23,750,000.00	994.221134	3.046736	10.119249	13.165984	984.101885
Cert	05/28/02	06/24/02		-		-	-	-	-	-	-
							Page 2 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-2
	Collateralized Asset-Backed Bonds
	Series 2002-2
	Certificate Payment Report for June 25, 2002 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A	472,500,000.00		1,582,950.03		6,752,954.66	758,904.70	7,511,859.36	9,094,809.39	-	-	464,988,140.64
B	23,750,000.00		147,811.58		339,434.23	38,146.00	377,580.23	525,391.81	-	-	23,372,419.77
Cert	-		3,195,097.70		-	-	-	3,195,097.70	-	-	-
Total	496,250,000.00		4,925,859.31		7,092,388.89	797,050.70	7,889,439.59	12,815,298.90	-	-	488,360,560.41
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A	2.12000%	469,769,485.78			774,597.69	-	-	-	774,597.69	774,597.69	-
B	3.94000%	23,612,751.93			72,359.97	-	-	-	72,359.97	72,359.97	-
Cert		-			-	-	-	-	1,607,610.74	1,607,610.74	-
Total		493,382,237.71			846,957.66	-	-	-	2,454,568.40	2,454,568.40	-
							Page 3 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-2
	Collateralized Asset-Backed Bonds
	Series 2002-2
	Collection Account Report for June 25, 2002 Distribution
	Collection Account Report
SUMMARY						ADJUSTABLE	FIXED	TOTAL
	Principal Collections					5,021,405.99	271.31	5,021,677.30
	Principal Withdrawals					0.00	0.00	0.00
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL PRINCIPAL					5,021,405.99	271.31	5,021,677.30
	Interest Collections					2,681,056.92	2,453.59	2,683,510.51
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(228,819.61)	(122.50)	(228,942.11)
	TOTAL INTEREST					2,452,237.31	2,331.09	2,454,568.40
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS					7,473,643.30	2,602.40	7,476,245.70
PRINCIPAL - COLLECTIONS						ADJUSTABLE	FIXED	TOTAL
	Scheduled Principal					450,671.13	0.00	450,671.13
	Curtailments					423,822.65	271.31	424,093.96
	Prepayments in Full					4,146,912.21	0.00	4,146,912.21
	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					(161,286.21)	0.00	(161,286.21)
	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					161,286.21	0.00	161,286.21
	TOTAL PRINCIPAL					5,021,405.99	271.31	5,021,677.30
				Page 4 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-2
	Collateralized Asset-Backed Bonds
	Series 2002-2
	Collection Account Report for June 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					2,743,571.09	2,534.64	2,746,105.73
	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					(20,497.38)	0.00	(20,497.38)
	Relief Act Interest Shortfalls					0.00	0.00	0.00
	Delinquent Interest					(1,056,340.86)	(1,091.42)	(1,057,432.28)
	Interest Realized Losses					0.00	0.00	0.00
	Compensating Interest					20,497.38	0.00	20,497.38
	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					993,826.69	1,010.37	994,837.06
	Cap Contract Payment Amt					0.00	0.00	0.00
	TOTAL INTEREST					2,681,056.92	2,453.59	2,683,510.51
				Page 5 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-2
	Collateralized Asset-Backed Bonds
	Series 2002-2
	Collection Account Report for June 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							0.00
	Swap Contract Payment Amounts							0.00
INTEREST - FEES						ADJUSTABLE	FIXED	TOTAL
	Owner Trustee Fee					703.83	0.44	704.27
	Indenture Trustee Fee					1,656.07	1.04	1,657.11
	Bond Insurance Premium Amount					69,748.22	0.00	69,748.22
	Radian PMI Insurance Premiums					51,548.46	0.00	51,548.46
	Current Servicing Fees					105,163.03	121.02	105,284.05
	TOTAL INTEREST FEES					228,819.61	122.50	228,942.11
				Page 6 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-2
	Collateralized Asset-Backed Bonds
	Series 2002-2
	Credit Enhancement Report for June 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							1,607,610.74
	Current Periods Overcollateralization Release							0.00
	60 Day Rolling Delinquency Amount							0.00
	90 Day Rolling Delinquency Amount							0.00
	Available Funds Rate							6.3964%
				Page 7 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-2
	Collateralized Asset-Backed Bonds
	Series 2002-2
	Collateral Report for June 25, 2002 Distribution
	Collateral Report
COLLATERAL						ADJUSTABLE	FIXED	TOTAL
	Loan Count:
	Original					2009	6	2015
	Prior					1,996	6	2,002
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(18)	-	(18)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					1,978	6	1,984
	Principal Balance:
	Original					499,686,850.01	310,868.95	499,997,718.96
	Prior					496,821,351.65	310,868.95	497,132,220.60
	Prefunding					-	-	-
	Scheduled Principal					(450,671.13)	-	(450,671.13)
	Partial and Full Voluntary Prepayments					(4,570,734.86)	(271.31)	(4,571,006.17)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					491,799,945.66	310,597.64	492,110,543.30
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)					Total 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 June 25, 2002 Distribution
	Collateral Report
CHARACTERISTICS						ADJUSTABLE	FIXED	TOTAL
	Weighted Average Coupon Original					6.630165%	9.784075%	6.632126%
	Weighted Average Coupon Prior					6.630165%	9.784075%	6.632126%
	Weighted Average Coupon Current					6.626698%	9.784075%	6.628673%
	Weighted Average Months to Maturity Original					359	175	359
	Weighted Average Months to Maturity Prior					359	175	359
	Weighted Average Months to Maturity Current					358	174	358
	Weighted Avg Remaining Amortization Term Original					358	323	358
	Weighted Avg Remaining Amortization Term Prior					358	323	358
	Weighted Avg Remaining Amortization Term Current					357	322	357
	Weighted Average Seasoning Original					1.86	5.08	1.86
	Weighted Average Seasoning Prior					1.86	5.08	1.86
	Weighted Average Seasoning Current					2.86	6.08	2.86
Note: Original information refers to deal issue.
	Fixed
	Adjustable
WAC by Groups					Total WAC
WARAT by Groups					Total 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 June 25, 2002 Distribution
	Collateral Report
ARM CHARACTERISTICS						ADJUSTABLE	FIXED	TOTAL
	Weighted Average Margin Original					2.883%
	Weighted Average Margin Prior					2.883%
	Weighted Average Margin Current					2.881%
	Weighted Average Max Rate Original					13.060%
	Weighted Average Max Rate Prior					13.060%
	Weighted Average Max Rate Current					13.059%
	Weighted Average Min Rate Original					3.023%
	Weighted Average Min Rate Prior					3.023%
	Weighted Average Min Rate Current					3.022%
	Weighted Average Cap Up Original					1.008%
	Weighted Average Cap Up Prior					1.008%
	Weighted Average Cap Up Current					1.008%
	Weighted Average Cap Down Original					1.008%
	Weighted Average Cap Down Prior					1.008%
	Weighted Average Cap Down Current					1.008%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						ADJUSTABLE	FIXED	TOTAL
	Current Servicing Fees					105,163.03	121.02	105,284.05
	Delinquent Servicing Fees					62,514.17	81.05	62,595.22
	TOTAL SERVICING FEES					167,677.20	202.07	167,879.27
	Total Servicing Fees					167,677.20	202.07	167,879.27
	Compensating Interest					(20,497.38)	0.00	(20,497.38)
	Delinquent Servicing Fees					(62,514.17)	(81.05)	(62,595.22)
	COLLECTED SERVICING FEES					84,665.65	121.02	84,786.67
	Current PPIS					20,497.38	0.00	20,497.38
	Current Net PPIS					0.00	0.00	0.00
	Total Advanced Principal For Current Payment Date					161,286.21	0.00	161,286.21
	Total Advanced Interest For Current Payment Date					993,826.69	1,010.37	994,837.06
	TOTAL ADVANCES FOR CURRENT PERIOD					1,155,112.90	1,010.37	1,156,123.27
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 June 25, 2002 Distribution
	Delinquency Report - Total
				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total 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 June 25, 2002 Distribution
	Delinquency Report - Fixed Group
				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total 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 June 25, 2002 Distribution
	Delinquency Report - Adjustable Group
				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total 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 June 25, 2002 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Fixed Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Adjustable Group; REO Book Value = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 14 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-2
	Collateralized Asset-Backed Bonds
	Series 2002-2
	Prepayment Report for June 25, 2002 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						ADJUSTABLE	FIXED	TOTAL
	Current
	Number of Paid in Full Loans					18	-	18
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					18	-	18
	Paid in Full Balance					4,146,912.21	-	4,146,912.21
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					423,822.65	271.31	424,093.96
	Total Prepayment Amount					4,570,734.86	271.31	4,571,006.17
	Cumulative
	Number of Paid in Full Loans					31	-	31
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					31	-	31
	Paid in Full Balance					6,639,721.78	-	6,639,721.78
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					450,131.87	271.31	450,403.18
	Total Prepayment Amount					7,089,853.65	271.31	7,090,124.96
	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)					Total 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 June 25, 2002 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						ADJUSTABLE	FIXED	TOTAL
	SMM					0.92%	0.09%	0.92%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off					0.71%	0.04%	0.71%
	CPR					10.51%	1.04%	10.50%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off					8.23%	0.52%	8.22%
	PSA					1839.07%	85.71%	1836.77%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					1744.27%	46.82%	1741.79%
	Fixed
	Adjustable
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 16 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-2
	Collateralized Asset-Backed Bonds
	Series 2002-2
	Prepayment Report for June 25, 2002 Distribution
	Prepayment Report - Voluntary Prepayments
	Fixed
	Adjustable
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + 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 (AvgCPRn,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,WASm)/(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 June 25, 2002 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 18						Loan Group 1 = Fixed Group
Total Original Principal Balance = 4,153,131.00						Loan Group 2 = Adjustable Group
Total Prepayment Amount = 4,146,912.21
Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date
1100340998 2			75,000.00	74,708.08	May-23-02	8.250%	SC - 74.12%	Paid Off - 360	Mar-18-02
1100344707 2			412,731.00	411,915.54	May-09-02	8.125%	CA - 90.00%	Paid Off - 360	Mar-26-02
1100346238 2			202,000.00	201,830.29	May-23-02	6.875%	CA - 79.22%	Paid Off - 360	Apr-16-02
1100346433 2			179,200.00	179,012.91	May-28-02	5.750%	WI - 80.00%	Paid Off - 360	Apr-12-02
1100347022 2			272,000.00	271,541.65	May-21-02	6.875%	CA - 80.00%	Paid Off - 360	Mar-08-02
1100347658 2			121,500.00	121,099.21	May-01-02	5.500%	NY - 90.00%	Paid Off - 360	Mar-29-02
1100347913 2			79,800.00	79,662.21	May-29-02	6.750%	NC - 95.00%	Paid Off - 360	Mar-27-02
1100348053 2			81,900.00	81,814.76	May-06-02	9.250%	UT - 90.00%	Paid Off - 360	Mar-21-02
1100348808 2			136,000.00	135,901.57	May-16-02	7.625%	CA - 80.00%	Paid Off - 360	Mar-25-02
1100349861 2			243,000.00	242,828.50	May-10-02	7.750%	FL - 90.00%	Paid Off - 360	Apr-18-02
1109004864 2			362,000.00	361,242.29	May-28-02	5.750%	CA - 79.04%	Paid Off - 360	Mar-01-02
1109005092 2			245,000.00	244,776.48	May-31-02	9.875%	CA - 70.00%	Paid Off - 360	Mar-25-02
1109005679 2			405,000.00	403,632.44	May-15-02	5.375%	MI - 90.00%	Paid Off - 360	Apr-30-02
2500014642 2			142,500.00	142,282.45	May-22-02	7.375%	CA - 95.00%	Paid Off - 360	Feb-28-02
2500014834 2			454,500.00	453,806.20	May-13-02	7.375%	CA - 90.00%	Paid Off - 360	Mar-04-02
2500015517 2			235,000.00	234,857.63	May-14-02	8.500%	GA - 94.00%	Paid Off - 360	Apr-03-02
2500015973 2			350,000.00	350,000.00	May-09-02	7.000%	IL - 79.89%	Paid Off - 360	Apr-12-02
2500015991 2			156,000.00	156,000.00	May-20-02	8.625%	CA - 80.00%	Paid Off - 360	Apr-11-02
					Page 18 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-2
	Collateralized Asset-Backed Bonds
	Series 2002-2
	Realized Loss Report for June 25, 2002 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES						ADJUSTABLE	FIXED	TOTAL
	Current
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Cumulative
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Note: Collateral realized losses may include adjustments to loans 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					Collateral 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 June 25, 2002 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS						ADJUSTABLE	FIXED	TOTAL
	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%
	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%
	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.00%	0.00%
	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					Total CDR
SDA by Groups					Total 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 June 25, 2002 Distribution
	Realized Loss Report - Collateral
	Fixed
	Adjustable
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated 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 (AvgCDRn,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 months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
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 June 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	Realized	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 Deutsche Bank
	Impac CMB Trust 2002-2
	Collateralized Asset-Backed Bonds
	Series 2002-2
	Triggers, Adj. Rate Cert. and Miscellaneous Report for June 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							1.8400%
ADDITIONAL INFORMATION						ADJUSTABLE	FIXED	TOTAL
				Page 23 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-2
	Collateralized Asset-Backed Bonds
	Series 2002-2
	Other Related Information for June 25, 2002 Distribution
	Other Related Information
ADDITIONAL INFORMATION						ADJUSTABLE	FIXED	TOTAL
	Total Derivative Payments							0.00
	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							0.00
	IMP022F2							0.00
	IMP022F3							0.00
	IMP022F4							0.00
	IMP022F5							0.00
				Page 24 of 24				© COPYRIGHT 2002 Deutsche Bank