-----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, IvvNI7zZfYYmmZf2BF7cOhBSLI21AMyQq8KHnzy6EamC3aVMmz+N+k6gczoeuSNC n9S/7cIQ9X0XelBhFmtJ8Q== 0001020242-98-000032.txt : 19980331 0001020242-98-000032.hdr.sgml : 19980331 ACCESSION NUMBER: 0001020242-98-000032 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971226 ITEM INFORMATION: FILED AS OF DATE: 19980327 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMPERIAL CMB TRUST SERIES 1997-1 CENTRAL INDEX KEY: 0001058595 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 033-23387-01 FILM NUMBER: 98577151 BUSINESS ADDRESS: STREET 1: 3 PARK PLAZA STREET 2: 16TH FL CITY: IRVINE STATE: CA ZIP: 92614 BUSINESS PHONE: 7148376511 MAIL ADDRESS: STREET 1: 3 PARK PLAZA STREET 2: 16TH FL CITY: IRVINE STATE: CA ZIP: 92614 8-K 1 March 30, 1998 Securities and Exchange Commission Judiciary Plaza 450 Fifth Street, N.W. Washington, D.C. 20549 Re: Imperial CMB Trust Series 1997-1 Collateralized Asset-Backed Bonds; File No. 33-23387 Ladies and Gentlemen: Enclosed herewith for filing on behalf of IMH Assets Corp. (as depositor under the Trust Agreement, dated as of May 1, 1997, and pursuant to which an Indenture was entered into, providing for, inter alia, the issuance of Collateralized Asset-Backed Bonds, Series 1997-1 is a Current Report on Form 8-K. The Imperial CMB Trust Series 1997-1 (the "Issuer") will issue $348,073,445 aggregate principal amount of Collateralized Asset-Backed Bonds, Series 1997-1 (the "Bonds"). The Bonds will be issued pursuant to an Indenture to be dated as of May 1, 1997, between the Issuer and Bankers Trust Company of California, N.A. The Bonds will represent indebtedness of the trust fund (the "Trust Fund") created by the Trust Agreement. The Trust Fund will consist of adjustable-rate, conventional, on- to four-family, first lien mortgage loans (the "Mortgage Loans"). In addition, the Bonds will have the benefit of an irrevocable and unconditional financial guaranty insurance policy (the "Bond Insurance Policy") issued by AMBAC Indemnity Corporation (the "Bond Insurer") as described under "Description of the Bonds-Bond Insurance Policy" of the Prospectus Supplement dated May 22, 1997. The Bonds were registered under the Securities Act of 1933. As a result, the Registrant is subject to the filing requirements of Section 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Trust intends to fulfill these filing requirements in the manner described herein: The agent for Registrant will file, promptly after each Distribution Date (as defined in the Indenture), a Current Report on Form 8-K in substantially the form enclosed herewith, including as an exhibit thereto the applicable Distribution Date Report. Each such Current Report will also disclose under Item 5 any matter occurring during the relevant reporting period which would be reportable under Item 1, 2, 4 or 5 of Part II of Form 10-Q. Within 90 days after the end of each fiscal year, the agent for the Registrant will file an annual report of Form 10-K, which responds to Items 2, 3, and 4 of Part I, Items 5 and 9 of Part II, Items 12 and 13 of Part III and Item 14 of Part IV thereof, and include as exhibits thereto certain information from the Distribution Date reports aggregated for such year and a copy of the independent accountants' annual compliance statement required under the Pooling and Servicing Agreement. The agent for the Registrant will follow the above procedures except for any fiscal year as to which its reporting obligations under Section 15(d) of the Exchange Act have been suspended pursuant to such Section. In such event, the agent for the Registrant will file a Form 15 as required under Rule 15d-6. Should you wish to discuss the above filing procedures, please call Judy L. Gomez at (714) 253-7562. Sincerely, /s/ Judy L. Gomez Assistant Vice President Bankers Trust Company of California, N.A. S.E.C. Reporting Agent for Imperial CMB Trust Series 1997-1 Collateralized Asset-Backed Bonds Series, 1997-1. 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): December 26, 1997 IMPERIAL CMB TRUST SERIES 1997-1 (as issuer under the Indenture, dated as of May 1, 1997, providing for the issuance of Collaterialized Asset-Backed Bonds Series , 1997-1). IMPERIAL CMB TRUST SERIES 1997-1 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-23387 33-0705301 (Commission File Number) (I.R.S. Employer Identification No.) c/o WILMINGTON TRUST COMPANY RODNEY SQUARE NORTH 1100 NORTH MARKET STREET WILMINGTON, DELAWARE 19890 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (714) 556-0122 ITEM 5. Other Events Attached hereto are copies of the Monthly Remittance Statements to the Certificateholders which were derived from the monthly information submitted by the Master Servicer 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 December 26, 1997. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Bankers Trust Company of California, N.A., not in its individual capacity, but solely as a duly authorized agent of the Registrant pursuant to the Indenture, dated as of May 1, 1997. Date: March 30, 1998 By: /s/ Judy L. Gomez Judy L. Gomez Assistant Vice President EXHIBIT INDEX Sequential Document Page Number Monthly Remittance Statement to the Certificateholders dated as of December 26, 1997. 5 IMH ASSETS CORP. IMPERIAL CMB TRUST SERIES 1997-1 COLLATERALIZED MORTGAGE BONDS SERIES 1997-1 Statement To Certificateholders DISTRIBUTIONS IN DOLLARS PRIOR ORIGINAL PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL BONDS 348,073,445.00 300,524,331.82 1,544,945.50 12,335,638.08 CURRENT REALIZED DEFERRED PRINCIPAL TOTAL LOSSES INTEREST BALANCE 13,880,583.58 0.00 0.00 288,188,693.74 TOTALS PRIOR ORIGINAL PRINCIPAL FACE VALUE BALANCE INTEREST PRINCIPAL 348,073,445.00 300,524,331.82 1,544,945.50 12,335,638.08 CURRENT REALIZED DEFERRED PRINCIPAL TOTAL LOSSES INTEREST BALANCE 13,880,583.58 0.00 0.00 288,188,693.74 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PRIOR PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BONDS 452628AB6 863.393448 4.438562 35.439756 39.878318 CURRENT PRINCIPAL PASS-THROUGH RATES BALANCE CURRENT NEXT 827.953692 5.970000% 6.345000% SELLER: ICI Funding Corporation ADMINISTRATOR: David Arnold SERVICER: ICI Funding Corporation Bankers Trust Company LEAD UNDERWRITER: Bear, Stearns & Co. Inc 3 Park Plaza and Morgan Stanley & Co. Irvine, CA 92614 RECORD DATE: November 28, 1997 DISTRIBUTION DATE: December 26, 1997 FACTOR INFORMATION: (800) 735-7777 Page 1 of 1 COPYRIGHT 1997 Bankers Trust Company -----END PRIVACY-ENHANCED MESSAGE-----