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): April 25, 2002 Distributi

IMPAC SECURED ASSETS CORP.

(as company (the "Company"), Impac Funding Corporation, as master

servicer (the "Master Servicer"), and Deutsche Bank National Trust

Company, formerly known as Bankers Trust Company of

California, N.A., as trustee (the "Trustee")).

IMPAC SECURED ASSETS CORP

(Exact name of Registrant as specified in its Charter)

CALIFORNIA

(State or Other Jurisdiction of Incorporation)

333-66328 33-071-5871

(Commission File Number) (I.R.S. Employer Identification No.)

1401 DOVE STREET

NEWPORT BEACH 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

April 25, 2002 Distributi.

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, N.A.,

formerly known as 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 Pooling and Servicing

Agreement, dated as of March 1, 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 April 25, 2002 Distributi.

< TD ALIGN="right">< TD ALIGN="center">< TD ALIGN="center">< TD ALIGN="left">< TD BGCOLOR=#CCFFFF ALIGN="right">< TD ALIGN="right"> 1,000.000000 928.45 50.00 < TD ALIGN="right">< TD ALIGN="right"> - < TD ALIGN="left">SUMMARY< TD ALIGN="right"> - < TD ALIGN="left">Repurchased Loans Balance< TD ALIGN="right">< TD ALIGN="right">< /TR>

	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	April 25, 2002 Distribution - REVISED*
	Contents
			TABLE OF CONTENTS
											< /FONT>
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				8
			4.	Credit Enhancement Report				11
			5.	Collateral Report				12
			6.	Delinquency Report				15
			7.	REO Report				16 < /FONT>
			8.	Prepayment Report				17
			9.	Prepayment Detail Report				20
			10.	Realized Loss Report				21
			11.	Realized Loss Detail Report				24
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				25
				Total Number of Pages				25
			CONTACTS
			Administrator: James F Noriega
		< /TD>		Direct Phone Number: (714)247-6281
			&nb sp;	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		< /FONT>
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		Impac Secured Asset Corp.					Cut-Off Date: March 1, 2002
	Certificate Insurer:							Closing Date: March 28, 2002
	Servicer(s):		Impac Funding Corporation Master Servicer					First Payment Date: April 25, 2002
			Wendover Funding, Inc. Sub-Servicer
			GMAC Sub-Servicer
	Underwriter(s):		Bear, Stearns & Co. Inc Underwriter					Distribution Date: April 25, 2002
								Record Date: March 29, 2002
									< /FONT>
*Due to an amendment to the Pooling & Servicing Agreement
						Page 1 of 25					© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	REMIC I
	Certificate Payment Report for April 25, 2002 Distribution
							< FONT FACE="Times New Roman" SIZE=+1 COLOR=#3366FF>
	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)
LTA1		5,098,810.00			5,098,810.00	27,618.55	835,125.12	862,743.67	-	-	4,263,684.88
LTA2		12,500,000.00			12,500,000.00	67,708.33	-	67,708.33	-	-	12,500,000.00
LTA3		25,000,000.00			25,000,000.00	135,416.67	-	135,416.67	-	-	25,000,000.00
LTA4		48,440,478.00			48,440,478.00	343,120.05	-	343,120.05	-	-	48,440,478.00
LTA6		90,299,000.00			90,299,000.00	489,119.58	-	489,119.58	-	-	90,299,000.00
LTA7		48,440,480.00			48,440,480.00	181,651.80	-	181,651.80	-	-	48,440,480.00
LT MB		20,000,000.00			20,000,000.00	108,333.33	8,031.16	116,364.49	-	-	19,991,968.84
LTIO		-			-	356,885.05	-	356,885.05	-	-	-
LTPO		220,587.00			220,587.00	-	214.82	214.82	-	-	220,372.18
LTP		100.00			100.00	6,193.59	-	6,193.59	-	-	100.00
LTR2		50.00			50.00	0.27	50.00	50.27	-	-	-
Total		249,999,505.00			249,999,505.00	1,716,047.24	843,421.10	2,559,468.34	-	-	249,156,083.90
	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)
											&nb sp;
LTA1				F-30/360		5,098,810.00	1,000.000000	5.416667	163.788241	169.204907	836.211759
LTA2				F-30/360		12,500,000.00	1,000.000000	5.416667	-	5.416667	1,000.000000
LTA3				F-30/360		25,000,000.00	1,000.000000	5.416667	-	5.416667	1,000.000000
LTA4				F-30/360		48,440,478.00	1,000.000000	7.083333	-	7.083333	1,000.000000
LTA6				F-30/360		90,299,000.00	1,000.000000	5.416667	-	5.416667	1,000.000000
LTA7				F-30/360	48,440,480.00	1,000.000000	3.750000	-	3.750000	1,000.000000
LTMB				F-30/360		20,000,000.00	1,000.000000	5.416667	0.401558	5.818225	999.598442
LTIO				F-30/360		242,265,0 76.86	1,000.000000	1.473118	-	1.473118	996.541111
LTPO				F-30/360		220,587.00	1,000.000000	-	0.973856	0.973856	999.026144
LTP				F-30/360		100.00	1,000.000000	< FONT FACE="Times New Roman" SIZE=-1> 61,935.917000	-	61,935.917000	1,000.000000
LTR2				F-30/360		50.00	1,000.000000	5.416000 < /TD>	1,000.000000	1,005.416000	-
						Page 2 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	REMIC I
	Certificate Payment Report for April 25, 2002 Distribution
	&nbs p;
	Distribution in Dollars - to Date
	&nb sp;										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)
LTA1	5,098,810.00		27,618.55		735,607.12	99,518.00	835,125.12	862,743.67	-	-	4,263,684.88
LTA2	12,500,000.00		67,708.33		-	-	-	67,708.33	-	-	12,500,000.00
LTA3	25,000,000.00		135,416.67		-	-	-	135 ,416.67	-	-	25,000,000.00
LTA4	48,440,478.00		343,120.05		-	-	-	343,120.05 < /TD>	-	-	48,440,478.00
LTA6	90,299,000.00		489,119.58		-	-	-	489,119.58	-	-	90,299,000.00
LTA7	48,440,480.00		181,651.80		-	-	-	181,651.80	-	-	48,440,480.00
LTMB	20,000,000.00		108,333.33		7,074.12	957.04	8,031.16	116,364.49	-	-	19,991,968.84
LTIO	-		356,885.05		-	-	-	356,885.05	-	-	-
LTPO	220,587.00		-		189.22	25.60	214.82	214.82	-	-	220,372.18
LTP	100.00		6,193.59		-	-	-	6,193.59	-	-	100.00
LTR2	50.00		0.27		44.04	5.96	50.00	50.27	-	-	-
Total	249,999,505.00		1,716,047.24		742,914.51	100,506.59	843,421.10	2,559,468.34	-	-	249,156,083.90
				;
	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)
LTA1	6.50000%	5,098,810.00			-	-	-	-	-	27,618.55	-
LTA2	6.50000%	12,500,000.00			-	-	-	-	-	67,708.33	-
LTA3	6.50000%	25,000,000.00			-	-	-	-	-	135,416.67	-
LTA4	8.50000%	48,440,478.00			-	-	-	-	-	343,120.05	-
LTA6	6.50000%	90,299,000.00			-	-	-	-	-	489,119.58	-
LTA7	4.50000%	48,440,480.00			-	-	-	-	-	181,651.80	-
LTMB	6.50000%	20,000,000.00			-	-	-	-	-	108,333.33	-
LTIO	1.76773%	242,265,076.86			-	-	-	-	-	356,885.05	-
LTPO		220,587.00			-	-	-	-	-	-	-
LTP	6.50000%	100.00			-	-	-	-	-	6,193.59	-
LTR2	6.50000%	50.00			-	-	-	-	-	0.27	-
Total		492,264,581.86			-	-	-	-	-	1,716,047.24	-
							Page 3 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	REMIC II
	Certificate Payment Report for April 25, 2002 Distribution
< /FONT>	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-1	SEQ,AS	5,098,810.00			5,098,810.00	27,618.55	835,125.12	862,743.67	-	-	4,263,684.88
A-2	SEQ,AS	12,500,000.00			12,500,000.00	67,708.33	-	67,708.33	-	-	12,500,000.00
A-3	NAS	25,000,000.00			25,000,000.00	135,416.67	-	135,416.67	-	-	25,000,000.00
A-4	FLT,AS	48,440,478.00			48,440,478.00	87,596.53	-	87,596.53	-	-	48,440,478.00
A-5	IO,INV,NTL	-			-	255,523.52	-	255,523.52	-	-	-
A-6	SEQ,AS	90,299,000.00			90,299,000.00	489,119.58	-	489,119.58	-	-	90,299,000.00
A-7	SEQ,AS	48,440,480.00			48,440,480.00	181,651.80	-	181,651.80	-	-	48,440,480.00
A-PO	PO,RSTP	220,587.00			220,587.00	-	214.82	214.82	-	-	220,372.18
A-IO	IO,CSTR,NTL	-			-	356,885.05	-	356,885.05	-	-	-
M-1	MEZ,NAS	6,250,000.00			6,250,000.00	33,854.17	2,509.90	36,364.07	-	-	6,247,490.10
M-2	MEZ,NAS	5,000,000.00			5,000,000.00	27,083.33	2,007.73	29,091.06	-	-	4,997,992.27
M-3	MEZ,NAS	3,500,000.00			3,500,000.00	18,958.33	1,405.41	20,363.74	-	-	3,498,594.59
B-1	SUB,NAS	1,500,000.00			1,500,000.00	8,125.00	602.32	8,727.32	-	-	1,499,397.68
B-2	SUB,N AS	1,125,000.00			1,125,000.00	6,093.75	451.74	6,545.49	-	-	1,124,548.26
B-3	SUB,NAS	2,625,000.00			2,625,000.00	14,218.75	1,054.06	15,272.81	-	-	2,623,945.94
P	SUB,NAS	100.00			100.00	6,193.59	-	6,193.59	-	-	100.00
R	R,CPT,AS	100.00			100.00	0.54	100.00	100.54	-	-	-
Total		249,999,555.00			249,999,555.00	1,716,047.49	843,471.10	2,559,518.59	-	-	249,156,083.90
< FONT SIZE="-1" FACE="Times New Roman">	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
Period	Period				(with Notional)	Principal			Total	Principal< /FONT>
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
A-1				F-30/360	45254TLB8	5,098,810.00	1,000.000000	5.416666	163.788241	169.204907	836.211759
A-2				F-30/360	45254TLC6	12,500,000.00	1,000.000000	5.416666	-	5.416666	1,000.000000
A-3				F-30/360	45254TLD4	25,000,000.00	1,000.000000	5.416667	-	5.416667	1,000.000000
A-4				A-30/360	45254TLE2	48,440,478.00	1,000.000000	1.808333	-	1.808333	1,000.000000
A-5				A-30/360	45254TLF9	48,440,478.00	1,000.000000	5.275000	-	5.275000	1,000.000000
A-6				F-30/360	45254TLG7	90,299,000.00	1,000.000000	5.416667	-	5.416667	1,000.000000
A-7				F-30/360	45254TLT9	48,440,480.00	3.750000	-	3.750000	1,000.000000
A-PO				F-30/360	45254TLJ1	220,587.00	1,000.000000	-	0.973856	0.973856	999.026144
A-IO				A-30/360	45254TLH5	242,265,076.86	1,000.000000	1.473118	-	1.473118	996.541111
M-1				F-30/360	45254TLL6	6,250,000.00	1,000.000000	5.416667	0.401584	5.818251	999.598416
M-2				F-30/360	45254TLM4	5,000,000.00	1,000.000000	5.416666	0.401546	5.818212	999.598454
M-3				F-30/360	45254TLN2	3,500,000.00	1,000.000000	5.416666	0.401546	5.818211	999.598454
B-1				F-30/360	45254TLQ5	1,500,000.00	1,000.000000	5.416667	0.401547	5.818213	999.598453
B-2				F-30/360	45254TLR3	1,125,000.00	1,000.000000	5.416667	0.401547	5.818213	999. 598453
B-3				F-30/360	45254TLS1	2,625,000.00	1,000.000000	5.416667	0.401547	5.818213	999.598453
P				F-30/360	45254TLP7	100.00	1,000.000000	61,935.900000	-	61,935.900000	1,000.000000
R				F-30/360	45254TLK8	100.00	1,000.000000	5.400000	1,000.000000	1,005.400000	-
							Page 4 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	REMIC II
	Certificate Payment Report for April 25, 2002 Distribution
							& nbsp;
	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 - -1	5,098,810.00		27,618.55		735,607.12	99,518.00	835,125.12	862,743.67	-	-	4,263,684.88
A-2	12,500,000.00	67,708.33		-	-	-	67,708.33	-	-	12,500,000.00
A-3	25,000,000.00		135,416.67		-	-	-	135,416.67	-	-	25,000,000.00
A-4	48,440,478.00		87,596.53		-	-	-	87,596.53	-	-	48,440,478.00
A-5	-		255,523.52		-	-	-	255,523.52	-	-	-
A-6	90,299,000.00		489,119.58		-	-	-	489,119.58	-	-	90,299,000.00
A-7	48,440,480.00		181,651.80		-	-	-	181,651.80	-	-	48,440,480.00
A-PO	220,587.00		-		189.22	25.60	214.82	214.82	-	-	220,372.18
A-IO	-		356,885.05		-	-	-	356,885.05	-	-	-
M-1	6,250,000.00		33,854.17		2,210.81	299.09	2,509.90	36,364.07	-	-	6,247,490.10
M-2	5,000,000.00		27,083.33		1,768.48	239.25	2,007.73	29,091.06	-	-	4,997,992.27
M-3	3,500,000.00		18,958.33		1,237.93	167.48	1,405.41	20,363.74	-	-	3,498,594.59
B-1	1,500,000.00		8,125.00		530.54	71.78	602.32	8,727.32	-	-	1,499,397.68
B-2	1,125,000.00		6,093.75		397.91	53.83	451.74	6,545.49	-	-	1,124,548.26
B-3	2,625,000.00		14,218.75		125.61	1,054.06	15,272.81	-	-	2,623,945.94
P	100.00		6,193.59		-	-	-	6,193.59	-	-	100.00
R	100.00		0.54		88.08	11.92	100.00	100.54	-	-	-
										< /TD>
Total	249,999,555.00		1,716,047.49		742,958.55	100,512.55	843,471.10	2,559,518.59	-	-	249,156,083.90
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Bala nce			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	6.50000%	5,098,810.00			-	-	-	-	-	27,618.55	-
A-2	6.50000%	12,500,000.00			-	-	-	-	-	67,708.33	-
A-3	6.50000%	25,000,000.00			-	-	-	-	-	135,416.67	-
A-4	2.17000%	48,440,478.00			-	-	-	-	-	87,596.53	-
A-5	6.33000%	48,440,478.00			-	-	-	-	-	255,523.52	-
A-6	6.50000%	90,299,000.00			-	-	-	-	-	489,119.58	-
A-7	4.50000%	48,440,480.00			-	-	-	-	-	181,651.80	-
A-PO		220,587.00			-	-	-	-	- < /TD>	-	-
A-IO	1.76774%	242,265,076.86			-	-	-	-	-	356,885.05	-
M-1	6.50000%	6,250,000.00			-	-	-	-	-	33,854.17	-
M-2	6.50000%	5,000,000.00			-	-	-	-	-	27,083.33	-
M-3	6.50000%	3,500,000.00			-	-	-	-	-	18,958.33	-
B-1	6.50000%	1,500,000.00			-	-	-	-	-	8,125.00	-
B-2	6.50000%	1,125,000.00			-	-	-	-	-	6,093.75	-
B-3	6.50000%	2,625,000.00			-	-	-	-	-	14,218.75	-
P	6.50000%	100.00			-	-	-	-	-	6,193.59	-
R	6.50000%	100.00			-	-	-	-	-	0.54	-
Total		540,705,109.86			-	-	-	-	-	1,716,047.49	-
							Page 5 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	REMIC II Component Classes
	Certificate Payment Report for April 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)
R-1		5 0.00			50.00	0.27	50.00	50.27	-	-	-
R-2		50.00			0.27	50.00	50.27	-	-	-
Total		100.00			100.00	0.54	100.00	100.54	-	-	-
	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)
R-1				F-30/360		50.00	1,000.000000	5.400000	1,000.000000	1,005.400000	-
R-2				F-30/360		50.00	1,000.000000	5.400000	1,000.000000	1,005.400000	-
							Page 6 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	REMIC II Component Classes
	Certificate Payment Report for April 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)
R-1	50.00		0.27		44.04	5.96	50.00	50.27	-	-	-
R-2	50.00		0.27		44.04	5.96	50.00	50.27	-	-	-
Total	100.00		0.54		88.08	11.92	100.00	100.54	-	-	-
	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)
R-1	6.50000%	50.00			-	-	-	-	-	0.27	-
R-2	6.50000%	50.00			-	-	-	-	-	0.27	-
Total		100.00			-	-	-	-	-	0.54	-
											;
&n bsp;							Page 7 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2002 Distribution
	Collection Account Report
SUMMARY								TOTAL
	Principal - Collections							843,471.06
	Principal - Withdrawals							0.00
	Principal - Other Accounts							0.00
	TOTAL NET PRINCIPAL							843,471.06
	Interest Collections							1,765,739.15
	Interest Withdrawals							0.00			&nb sp;
	Interest Fees							(49,691.64)
	TOTAL NET INTEREST							1,716,047.51
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS							2,559,518.57
										&n bsp;
PRINCIPAL - COLLECTIONS								TOTAL
	Scheduled Principal							100,512.55
	Curtailments							13,762.20
	Prepayments In Full							681,997.18
	Repurchases/Substitutions							0.00
	Liquidations							0.00
	Insurance Principal							0.00
	Other Principal							47,199.13
	Delinquent Principal							(21,199.14)
	Principal Advanced							21,199.14
	Total Realized Loss Of Principal							0.00
	TOTAL PRINCIPAL COLLECTED							843,471.06
& nbsp;
				Page 8 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2002 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS								TOTAL
INTEREST - COLLECTIONS								TOTAL
	Scheduled Interest							1,379,202.86
	Repurchases/Substitutions							0.00
	Liquidation Interest							0.00
	Insurance Interest							0.00
	Other Interest							387,613.88
	Delinquent Interest							(230,027.65)
	Interest Advanced							222,757.01
	Prepayment Interest Shortfalls							(1,267.27)
	Compensating Interest							1,267.27
	Civil Relief Act Shortfalls							0.00
	Prepayment Premiums							6,193.05
	TOTAL INTEREST COLLECTED							1,765,739.15
				Page 9 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2002 Distribution
& nbsp;
	Collection Account Report
INTEREST - WITHDRAWALS								TOTAL
	Undistributed Receipts on Repurchased Loans							0.00
	Reimburse Advances from Late Collections							0.00
	< FONT SIZE="-1" FACE="Times New Roman">
	Reimbursements to Sub-Servicer							0.00
	Reimburse Fees and Advances from Late Collections							0.00
	Interest Earnings on the Custodial Account							0.00
	Prev. Unreimbursed P&I Advances							0.00
	Prev. Unreimbursed Servicing Advances							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS								TOTAL
INTEREST - FEES								TOTAL
	Radian PMI Fee							10,173.22
	Trustee Fee Amount							1,666.67
	Current Servicing Fees							37,851.75
	TOTAL INTEREST OTHER FEES							49,691.64
& nbsp;				Page 10 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPA C Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for April 25, 2002 Distribution
	Credit Enhancement Report
			< /TD>
ACCOUNTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
						< FONT SIZE="-1" FACE="Times New Roman">
INSURANCE								TOTAL
	Radian PMI Premium							10,173.22
STRUCTURAL FEATURES								TOTAL
SPACE INTENTIONALLY LEFT BLANK
				Page 11 of 25				© COPYRIGHT 2002 Deutsche Bank		&n bsp;
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Collateral Report for April 25, 2002 Distribution
										< FONT SIZE="-1" FACE="Arial">
	Collateral Report
COLLATERAL			&n bsp;					TOTAL
	Loan Count:
	Original							1147
	Prior							-
	Prefunding							-
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(4)
	Repurchases							-
	Liquidations							-
	Current							1,143
	Principal Balance:
	Original							193,381,668.5 7
	Prior							-
	Prefunding							-
Scheduled Principal							(100,512.55)
	Partial and Full Voluntary Prepayments							(695,759.38)
	Repurchases	& nbsp;						-
	Liquidations							-
	Current							192,585,396.64
							< FONT SIZE="-1" FACE="Times New Roman">
PREFUNDING								TOTAL
	PRE-FUNDING ACCOUNT
	Pre-Funding Account Beginning Balance							56,618,331.43
	Balance of Subsequent Mortgage Loans added this period							0.00
	Withdrawal of remaining amounts							(47,199.13)
	Pre-Funding Account Ending Balance							56,571,132.30
	INTEREST COVERAGE ACCOUNT
	Interest Coverage Account Beginning Balance							1,431,422.00	< /FONT>
	Interest Coverage Account Requirement							(387,613.88)
	Withdrawal of remaining amounts							(1,043,808.12)
	Interest Coverage Account Ending Balance							0.00
											< FONT SIZE="-1" FACE="Arial">
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
					&nb sp;
				Page 12 of 25				© ; COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Collateral Report for April 25, 2002 Distribution
	Collateral Report									&n bsp;
CHARACTERISTICS								TOTAL
	Weighted Average Coupon Original							8.558430%
	Weighted Average Coupon Prior
	Weighted Average Coupon Current						&nb sp;	8.558430%
	Weighted Average Months to Maturity Original							340
	Weighted Average Months to Maturity Prior							-
	Weighted Average Months to Maturity Current							340
	Weighted Avg Remaining Amortization Term Original							350
	Weighted Avg Remaining Amortization Term Prior							-
	Weighted Avg Remaining Amortization Term Current							350
	Weighted Average Seasoning Original							2.97
	Weighted Average Seasoning Prior							-
	Weighted Average Seasoning Current							2.97
Note: Original information refers to deal issue.							< FONT SIZE="-1" FACE="Times New Roman">
WAC by Groups					Total WAC
										< /FONT>
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 13 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Collateral Report for April 25, 2002 Distribution
< FONT SIZE="-1" FACE="Times New Roman">
	Collateral Report
				< FONT SIZE="-1" FACE="Times New Roman">
ARM CHARACTERISTICS								TOTAL
	Weighted Average Margin Original							0.000%
	Weighted Average Margin Prior							0.000%		& nbsp;
	Weighted Average Margin Current							0.000%
	Weighted Average Max Rate Original							0.000%
	Weighted Average Max Rate Prior							0.000%
	Weighted Average Max Rate Current							0.000%
	Weighted Average Min Rate Original							0.000%
	Weighted Average Min Rate Prior							0.000%
	Weighted Average Min Rate Current							0.000%
	Weighted Average Cap Up Original							0.000%
	Weighted Average Cap Up Prior							0.000%
	Weighted Average Cap Up Current							0.000%
	Weighted Average Cap Down Original							0.000%
	Weighted Average Cap Down Prior							0.000%
	Weighted Average Cap Down Current							0.000%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES								TOTAL
	Current Servicing Fees							37,851.75
	Delinquent Servicing Fees							7,270.64
	TOTAL SERVICING FEES							4 5,122.39
	Total Servicing Fees							45,122.39
	Compensating Interest							(1,267.27)
	Delinquent Servicing Fees							(7,270.64)
	COLLECTED SERVICING FEES						&nb sp;	36,584.48
ADDITIONAL COLLATERAL INFORMATION								TOTAL
									&nbs p;
	Weighted Average Net Mortgage Rate							8.2073%
				Page 14 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Delinquency Report for April 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%
&n bsp;		# 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 15 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	REO Report for April 25, 2002 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distributi on
			LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Pool Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00							< /TD>
									&n bsp;
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State & amp;
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 16 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Prepayment Report for April 25, 2002 Distribution
	Prepayment Report - Voluntary Prepayments									& nbsp;
VOLUNTARY PREPAYMENTS								TOTAL
	Current
	Number of Paid in Full Loans							4
	Number of Repurchased Loans
	Total Number of Loans Prepaid in Full							4
										;
	Paid in Full Balance							681,997.18
	Repurchased Loans Balance							-
	Curtailments Amount							13,762.20
	Total Prepayment Amount							695,759.38
	Cumulative
	Number of Paid in Full Loans							4
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							4
											;
	Paid in Full Balance							681,997.18
							-
	Curtailments Amount							13,762.20
	Total Prepayment Amount							695,759.38
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Prepayment Report for April 25, 2002 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES								TOTAL
	SMM							0.36%			&nbs p;
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off							0.36%
	CPR							4.24%
	3 Months Avg CPR
	12 Months Avg CPR								&n bsp;
	Avg CPR Since Cut-off							4.24%
	PSA							712.07%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							712.07%
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Prepayment Report for April 25, 2002 Distribution
	Prepayment Report - Voluntary Prepayments
								< FONT SIZE="-1" FACE="Times New Roman">
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 19 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for April 25, 2002 Distribution
	Prepayment Detail Report - Loans Prepaid in F ull During Current Distribution
										< /TD>
SUMMARY						LOAN GROUP
Total Loan Count = 4						Loan Group 1 = Pool Group
Total Original Principal Balance = 682,410.00
Total Prepayment Amount = 681,997.18
										&nb sp;
Loan Number			Original			Current	State &	Type Prepayment		&nb sp;
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date
1100344644 1			135,000.00	134,926.26	Mar-19-02	9.000%	SC - 90.00%	Paid Off - 360	Feb-04-02
1100346761 1			270,000.00	269,832.18	Mar-26-02	8.375%	MD - 49.10%	Paid Off - 360	Feb-15-02
1100347143 1			134,910.00	134,843.64	Mar-18-02	9.500%	TX - 90.00%	Paid Off - 360	Feb-05-02
1100347876 1			142,500.00	142,395.10	Mar-29-02	10.875%	SC - 95.00%	Paid Off - 360	Mar-12-02
					Page 20 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2002 Distribution									&n bsp;
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES								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							-
&nb sp;
	Note: Collateral realized losses may include adjustments to loans liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
< FONT SIZE="-1" FACE="Times New Roman">
							3 Months Moving Average
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 21 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2002 Distribution
	Realized Loss Report - Collateral
									& nbsp;
DEFAULT SPEEDS								TOTAL
	MDR							0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off							0.00%
	CDR							0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off							0.00%
	SDA			& nbsp;				0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation						& nbsp;
	Avg SDA Since Cut-off Approximation							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
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 22 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2002 Distribution
	Realized Loss Report - Collateral
CDR Avg since C ut-Off by Groups					Total CDR Avg since Cut-Off
								&nb sp;
										&nbs p;
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
							&n bsp;
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 23 of 25				© COPYRIGHT 2002 Deutsche Bank		< /TD>
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for April 25, 2002 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY< /TD>						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Pool Group
Total Original Principal Balance = 0.00
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 24 of 25				© COPYRIGHT 2002 Deutsche Bank
	IMPAC Secured Assets Corp. 2002-S2
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for April 25, 2002 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS								TOTAL
	Optional Termination Date Reached?	;						No
	Credit Support Depletion Date Reached?							No
ADJUSTABLE RATE CERTIFICATE INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK
							&nbs p;
ADDITIONAL INFORMATION								TOTAL
	Senior Principal Distribution Amount							835,225.12
	Subordinate Principal Distribution Amount							8,030.90
	Senior Accelerated Distribution Percentage							100.0000%
	Senior Percentage							91.9927%
	Special Hazard Amount							2,499,996.00
	Fraud Loss Amount							3,867,633.37
	Bankruptcy Amount							100,000.00
				Page 25 of 25				© COPYRIGHT 2002 Deutsche Bank