-----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, HhQUybfdPizTWbdhoyXJMvWJ39DaRI0yRsKEMlxokTf1s2uN1gBEgjcvBOvAJjko vCCNC3ZU+K4qMxNOGU62Cw== 0001020242-99-000176.txt : 19990330 0001020242-99-000176.hdr.sgml : 19990330 ACCESSION NUMBER: 0001020242-99-000176 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980727 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMPAC CMB TRUST SERIES 1998-2 CENTRAL INDEX KEY: 0001058662 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 330705301 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-38879-01 FILM NUMBER: 99575117 BUSINESS ADDRESS: STREET 1: 20371 IRVINE AVE CITY: SANTA ANA HEIGHTS STATE: CA ZIP: 92707 BUSINESS PHONE: 7145560122 MAIL ADDRESS: STREET 1: 20371 IRVINE AVENUE CITY: SANTA ANA HEIGHTS STATE: CA ZIP: 92707 8-K 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): July 27, 1998 IMPERIAL CMB TRUST SERIES 1998-2 (as issuer under the Indenture, dated as of March 27, 1998, providing for the issuance of Collateralized Asset-Backed Bonds Series, 1998-2). IMPERIAL CMB TRUST SERIES 1998-2 (Exact name of Registrant as specified in its Charter) CALIFORNIA (State or Other Jurisdiction of Incorporation) 333-38879 33-0705301 (Commission File Number) (I.R.S. Employer Identification No.) 20371 IRVINE AVENUE SANTA ANA HEIGHTS, CALIFORNIA 92707 (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 July 27, 1998. Monthly Remittance Statement to the Certificateholders dated as of August 25, 1998. 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 March 27, 1998. Date: March 26, 1999 By: /s/ Judy L. Gomez Judy L. Gomez Assistant Vice President EXHIBIT INDEX Document Monthly Remittance Statement to the Certificateholders dated as of July 27, 1998. Monthly Remittance Statement to the Certificateholders dated as of August 25, 1998. IMH Assets Corp. Imperial CMB Trust Series 1998-2 Collateralized Mortgage Notes Series 1998-2 Statement to Bondholders DISTRIBUTION IN DOLLARS PRIOR ORIGINAL PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL A 117,820,358.00 172,103,988.76 960,913.94 2,360,740.83 M-1 11,854,691.00 11,473,599.70 66,451.26 157,382.73 M-2 16,370,763.00 15,844,494.09 95,727.15 217,338.04 M-3 7,903,127.00 7,649,066.15 46,213.11 104,921,81 B 7,903,127.00 6,009,980.75 36,310.30 82,438.57 TOTALS 211,852,066.00 213,081,129.45 1,205,615.76 2,922,821.98 CURRENT REALIZED DEFERRED PRINCIPAL CLASS TOTAL LOSSES INTEREST BALANCE A 3,321,654.77 0.00 0.00 169,743,247.93 M-1 223,833.99 0.00 0.00 11,316,216.97 M-2 313,065.19 0.00 0.00 15,627,156.05 M-3 151,134.92 0.00 0.00 7,544,144.34 B 118,748.87 0.00 0.00 5,927,542.18 TOTALS 4,128,437.74 0.00 0.00 210,158,307.47 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PRIOR PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL A 45254NAA5 967.853123 5.403847 13.275987 M-1 45254NAB3 967.853123 5.605482 13.275988 M-2 45254NAC1 967.853123 5.847446 13.275987 M-3 45254NAD9 967.853123 5.847446 13.275987 B 45254NAE7 967.853123 4.594422 10.431133 CURRENT PRINCIPAL TOTAL BALANCE A 45254NAA5 18.679834 954.577135 M-1 45254NAB3 18.881470 954.577135 M-2 45254NAC1 19.123433 954.577135 M-3 45254NAD9 19.123433 954.577135 B 45254NAE7 15.025555 750.024918 PASS-THROUGH RATES CLASS CURRENT NEXT A 6.700000% 6.700000% M-1 6.950000% 6.950000% M-2 7.250000% 7.250000% M-3 7.250000% 7.750000% B 7.250000% 7.250000% SELLER: IMH Assets Corp ADMINISTRATOR: Cindy Tsang MASTER SERVICER: IMPAC Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc 3 Park Plaza RECORD DATE: June 30, 1998 Irvine, CA 92614 DISTRIBUTION DATE: July 27, 1998 FACTOR INFO: (800)735-7777 Page 1 of 1 COPYRIGHT 1998 Bankers Trust Company IMH Assets Corp. Imperial CMB Trust Series 1998-2 Payment Date Statement Distribution Date: July 27, 1998 DELINQUENT AND FORCLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS INFORMATION DAYS DAYS DAYS TOTAL PRINCIPAL BALANCE 0.00 0.00 0.00 0.00 % OF POOL BALANCE 0.0000% 0.0000% 0.0000% 0.0000% NUMBER OF LOANS 0 0 0 0 PERCENTAGE OF LOANS 0.0000% 0.0000% 0.0000% 0.0000% FORECLOSURE LOAN INFORMATION: PRINCIPAL BALANCE 0.00 0.00 0.00 0.00 % OF POOL BALANCE 0.0000% 0.0000% 0.0000% 0.0000% NUMBER OF LOANS 0 0 0 0 PERCENTAGE OF LOANS 0.0000% 0.0000% 0.0000% 0.0000% BANKRUPTCY LOAN INFORMATION: PRINCIPAL BALANCE 0.00 0.00 0.00 0.00 % OF POOL BALANCE 0.0000% 0.0000% 0.0000% 0.0000% NUMBER OF LOANS 0 0 0 0 PERCENTAGE OF LOANS 0.0000% 0.0000% 0.0000% 0.0000% REO LOAN INFORMATION: PRINCIPAL BALANCE 0.00 0.00 0.00 0.00% % OF POOL BALANCE 0.0000% 0.0000% 0.0000% 0.0000% NUMBER OF LOANS 0 0 0 0 PERCENTAGE OF LOANS 0.0000% 0.0000% 0.0000% 0.0000% BOOK VALUE OF REO PROPERTY: 0.00 AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 1,647,317.02 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 2,780,753.74 AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 4,428,070.76 CURRENT PERIOD BOND PRINCIPAL DISTRIBUTION AMOUNT PAYABLE: 2,776,990.39 AGGREGATE PRINCIPAL PREPAYMENTS INCLUDED IN DISTRIBUTION TO BOND HOLDERS: 2,630,219.83 AGGREGATE PRINCIPAL PREPAYMENTS INCLUDED IN DISTRIBUTION TO CERTIFICATEHOLDERS: 0.00 AGGREGATE PRIOR UNPAID INTEREST SHORTFALL TO BONDHOLDERS: 0.00 AGGREGATE PRIOR UNPAID INTEREST SHORTFALL TO CERTIFICATEHOLDERS: 0.00 AGGREGATE CURRENT INTEREST SHORTFALL TO BONDHOLDERS: 0.00 AGGREGATE CURRENT INTEREST SHORTFALL TO CERTIFICATEHOLDERS: 0.00 CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: 223,022,876.66 AGGREGATE NUMBER OF THE MORTGAGE LOANS IN POOL: 1,492 Page 2 of 3 COPYRIGHT 1998 Bankers Trust Company IMH Assets Corp. Imperial CMB Trust Series 1998-2 Collateralized Mortgage Notes Series 1998-2 Statement to Bondholders DISTRIBUTIONS IN DOLLARS PRIOR > CURRENT ORIGINAL PRINCIPAL > REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL > TOTAL LOSSES INTEREST BALANCE A 177,820,358.00 169,743,247.93 947,733.13 2,146,398.76 3, >094,131.89 0.00 0.00 167,596,849.17 M-1 11,854,691.00 11,316,216.97 65,539.76 143,093.26 >208,633.02 0.00 0.00 11,173,123.71 M-2 16,370,763.00 15,627,156.05 94,414.07 197,604.96 >292,019.03 0.00 0.00 15,429,551.09 M-3 7,903,127.00 7,544,144.34 45,579.21 95,395.50 >140,974.71 0.00 0.00 7,448,748.84 B 6,209,600.00 5,927,542.18 35,812.23 74,953.61 >110,765.84 0.00 0.00 5,852,588.57 TOTALS 220,158,539.00 210,158,307.47 1,189,078.40 2,657,446.09 3, >846,524.49 0.00 0.00 207,500,861.38 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE > PASS-THROUGH PRIOR > CURRENT RATES PRINCIPAL > PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL > TOTAL BALANCE CURRENT NEXT A 45254NAA5 954.577135 5.329722 12.070602 > 17.400324 942.506533 6.700000% 6.700000% M-1 45254NAB3 954.577135 5.528593 12.070602 > 17.599195 942.506533 6.950000% 6.950000% M-2 45254NAC1 954.577135 5.767237 12.070602 > 17.837839 942.506534 7.250000% 7.250000% M-3 45254NAD9 954.577136 5.767237 12.070602 > 17.837839 942.506534 7.250000% 7.750000% B 45254NAE7 954.577135 5.767236 12.070602 > 17.837838 942.506533 7.250000% 7.250000% SELLER: IMH Assets Corp ADMI >NISTRATOR: Cindy Tsang MASTER SERVICER: IMPAC > Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc > 3 Park Plaza RECORD DATE: July 31, 1998 > Irvine, CA 92614 DISTRIBUTION DATE: August 25, 1998 > FACTOR INFORMATION(800) 735-7777 Page 1 of 3 > (c) COPYRIGHT 1998 Bankers Trust Company IMH Assets Corp. Imperial CMB Trust Series 1998-2 Collateralized Mortgage Notes Series 1998-2 Statement To Certificateholders DISTRIBUTIONS IN DOLLARS PRIOR > CURRENT ORIGINAL PRINCIPAL > REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL > TOTAL LOSSES INTEREST BALANCE C-1 2,258,036.00 2,251,928.29 16,081.39 1,567.26 > 17,648.65 0.00 0.00 2,250,361.03 C-2 1,354,822.00 1,351,157.38 9,648.83 940.36 > 10,589.19 0.00 0.00 1,350,217.02 C-3 2,032,233.40 2,026,736.46 14,473.26 1,410.54 > 15,883.80 0.00 0.00 2,025,325.92 X 225,803,630.00 210,158,307.47 298,583.64 0.00 >298,583.64 0.00 0.00 207,500,861.38 TOTALS 231,448,721.40 215,788,129.60 338,787.12 3,918.16 >342,705.28 0.00 0.00 213,126,765.35 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE > PASS-THROUGH PRIOR > CURRENT RATES PRINCIPAL > PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL > TOTAL BALANCE CURRENT NEXT C-1 IMB9802C1 997.295123 7.121848 0.694083 > 7.815931 996.601042 8.475926% 8.475860% C-2 IMB9802C2 997.295128 7.121843 0.694083 > 7.815926 996.601044 8.475926% 8.475860% C-3 IMB9802C3 997.295124 7.121849 0.694083 > 7.815932 996.601040 8.475926% 8.475860% X IMB9802XX 930.712706 1.322316 0.000000 > 1.322316 918.943869 1.686311% 1.668296% SELLER: IMH Assets Corp ADMI >NISTRATOR: Cindy Tsang MASTER SERVICER: IMPAC > Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc > 3 Park Plaza RECORD DATE: July 31, 1998 > Irvine, CA 92614 DISTRIBUTION DATE: August 25, 1998 > FACTOR INFORMATION(800) 735-7777 Page 1 of 1 > (c) COPYRIGHT 1998 Bankers Trust Company IMH Assets Corp. Imperial CMB Trust Series 1998-2 Payment Date Statement Distribution Date: August 25, 1998 DELINQUENT AND FORECLOSURE LOAN 30 TO 59 6 >0 TO 89 90 PLUS INFORMATION DAYS > DAYS DAYS TOTAL PRINCIPAL BALANCE 2,477,119.30 >749,254.14 617,028.67 3,843,402.11 PERCENTAGE OF POOL BALANCE 1.1623% > 0.3516% 0.2895% 1.8033% NUMBER OF LOANS 19 > 6 5 30 PERCENTAGE OF LOANS 1.3185% > 0.4164% 0.3470% 2.0819% FORECLOSURE LOAN INFORMATION: PRINCIPAL BALANCE 0.00 > 0.00 1,054,948.55 1,054,948.55 PERCENTAGE OF POOL BALANCE 0.0000% > 0.0000% 0.4950% 0.4950% NUMBER OF LOANS 0 > 0 6 6 PERCENTAGE OF LOANS 0.0000% > 0.0000% 0.4164% 0.4164% BANKRUPTCY LOAN INFORMATION: PRINCIPAL BALANCE 153,073.87 > 0.00 198,945.31 1,472,042.47 PERCENTAGE OF POOL BALANCE 0.0718% > 0.0000% 0.0933% 0.6907% NUMBER OF LOANS 1 > 0 1 9 PERCENTAGE OF LOANS 0.0694% > 0.0000% 0.0694% 0.6246% REO LOAN INFORMATION: PRINCIPAL BALANCE 0.00 > 0.00 0.00 0.00 PERCENTAGE OF POOL BALANCE 0.0000% > 0.0000% 0.0000% 0.0000% NUMBER OF LOANS 0 > 0 0 0 PERCENTAGE OF LOANS 0.0000% > 0.0000% 0.0000% 0.0000% BOOK VALUE OF REO PROPERTY: > 0.00 AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: > 1,273,983.22 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: > 2,635,380.44 AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: > 3,909,363.66 CURRENT PERIOD BOND PRINCIPAL DISTRIBUTION AMOUNT PAYABLE: > 2,657,446.09 AGGREGATE PRINCIPAL PREPAYMENTS INCLUDED IN DISTRIBUTION TO BOND HOLDERS: > 2,511,183.10 AGGREGATE PRINCIPAL PREPAYMENTS INCLUDED IN DISTRIBUTION TO CERTIFICATE HOLDERS >: 0.00 AGGREGATE PRIOR UNPAID INTEREST SHORTFALL TO BONDHOLDERS: > 0.00 AGGREGATE PRIOR UNPAID INTEREST SHORTFALL TO CERTIFICATEHOLDERS: > 0.01 AGGREGATE CURRENT INTEREST SHORTFALL TO BONDHOLDERS: > 0.00 AGGREGATE CURRENT INTEREST SHORTFALL TO CERTIFICATEHOLDERS: > 0.01 CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: > 213,126,765.36 AGGREGATE NUMBER OF THE MORTGAGE LOANS IN POOL: > 1,441 Page 2 of 3 > (c) COPYRIGHT 1998 Bankers Trust Company IMH Assets Corp. Imperial CMB Trust Series 1998-2 Payment Date Statement Distribution Date: August 25, 1998 AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: > 25,983.81 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: > 298,965.98 AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: > 324,949.79 AMOUNT OF PREPAYMENT INTEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DA >TE: 7,903.27 AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: > 7,903.27 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: > 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: > 0.00 NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN SALE AND CONTRIBUTION AGREEMENT FOR THE RELATED PAYMENT DATE: > 0 AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN SALE AND CONTRIBUTION AGREEMENT SINCE THE CLOSING DATE: > 0 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTG >AGE LOAN SALE AND CONTRIBUTION AGREEMENT FOR THE RELATED PAYMENT DAT >E: 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTG >AGE LOAN SALE AND CONTRIBUTION AGREEMENT SINCE THE CLOSING DATE: > 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3 >.18 OF THE SERVICING AGREEMENT FOR THE RELATED PAYMENT DATE: > 0.00 AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3 >.18 OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE: > 0.00 Page 3 of 3 > (c) COPYRIGHT 1998 Bankers Trust Company -----END PRIVACY-ENHANCED MESSAGE-----