-----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, CVLCgDOsqeOmv67KtDOrE7thwyGOU/1AjbY8GGor706y3rLu9ctkmKyX8vPW9vtN ayoh/5mtW6IKrjGGY1H5dQ== 0001020242-99-000029.txt : 19990202 0001020242-99-000029.hdr.sgml : 19990202 ACCESSION NUMBER: 0001020242-99-000029 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981215 ITEM INFORMATION: FILED AS OF DATE: 19990201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMPAC CMB TRUST SERIES 1998-3 CENTRAL INDEX KEY: 0001076336 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-38879-05 FILM NUMBER: 99517605 BUSINESS ADDRESS: STREET 1: 3 PARK PLAZA 16TH FLOOR CITY: IRVINE STATE: CA ZIP: 92614 MAIL ADDRESS: STREET 1: 3 PARK PLAZA STREET 2: 16TH FLOOR CITY: IRVINE STATE: CA ZIP: 92614 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): December 28, 1998 IMPAC CMB TRUST SERIES 1998-3 (as issuer under the Indenture, dated as of June 26, 1998, providing for the issuance of Collaterialized Asset-Backed Bonds Series, 1998-3). IMPAC CMB TRUST SERIES 1998-3 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-38879 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 28, 1998. Monthly Remittance Statement to the Certificateholders dated as of January 25, 1999. 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 June 26, 1998. Date: January 29, 1999 By: /s/ Judy L. Gomez Judy L. Gomez Assistant Vice President EXHIBIT INDEX Document Monthly Remittance Statement to the Certificateholders dated as of December 28, 1998. Monthly Remittance Statement to the Certificateholders dated as of January 25, 1999. IMH Assets Corp. Impac CMB Trust Series 1998-3 Collateralized Mortgage bonds Series 1998-3 Statement to Bondholders DISTRIBUTIONS IN DOLLARS PRIOR > CURRENT ORIGINAL PRINCIPAL > REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL > TOTAL LOSSES INTEREST BALANCE A 121,835,000.00 105,950,158.21 515,226.79 2,669,333.57 3, >184,560.36 0.00 0.00 103,280,824.64 M-1 31,441,300.00 27,341,984.72 138,726.39 688,860.49 >827,586.88 0.00 0.00 26,653,124.23 M-2 27,511,100.00 23,924,204.02 126,429.45 602,752.11 >729,181.56 0.00 0.00 23,321,451.91 B 11,299,200.00 9,826,010.81 57,330.68 247,558.86 >304,889.54 0.00 0.00 9,578,451.95 TOTALS 192,086,600.00 167,042,357.76 837,713.31 4,208,505.03 5, >046,218.34 0.00 0.00 162,833,852.73 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE > PASS-THROUGH PRIOR > CURRENT RATES PRINCIPAL > PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL > TOTAL BALANCE CURRENT NEXT A 45254NAK3 869.620045 4.228890 21.909415 > 26.138305 847.710630 5.305000% 5.867500% M-1 45254NAL1 869.620045 4.412235 21.909415 > 26.321650 847.710630 5.535000% 6.097500% M-2 45254NAM9 869.620045 4.595580 21.909415 > 26.504995 847.710630 5.765000% 6.327500% B 45254NAN7 869.620045 5.073871 21.909415 > 26.983286 847.710630 6.365000% 6.927500% THIS STATEMENT IS ALSO AVAILABLE ON BANKERS TRUST >'S WEBSITE, HTTP://ONLINE. BANKERSTRUST.COM/INVR/. WE BEGIN POSTING STATEME >NTS TO THE WEB AT 7:00 PM EASTERN TIME ON THE BUSINESS DAY BEFORE EACH DIST >RIBUTION DATE. SELLER: Impac Mortgage Holdings, Inc. ADMI >NISTRATOR: Jarrod Anderson MASTER SERVICER: ICI Funding Corporation > Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc > 3 Park Plaza RECORD DATE: November 30, 1998 > Irvine, CA 92614 DISTRIBUTION DATE: December 28, 1998 > FACTOR INFORMATION(800) 735-7777 Page 1 of 5 > (c) COPYRIGHT 1998 Bankers Trust Company IMH Assets Corp. Impac CMB Trust Series 1998-3 Collateralized Mortgage bonds Series 1998-3 Statement To Certificateholders DISTRIBUTIONS IN DOLLARS PRIOR > CURRENT ORIGINAL PRINCIPAL > REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL > TOTAL LOSSES INTEREST BALANCE CERTIFICATES 0.00 0.00 376,539.66 0.00 >376,539.66 0.00 0.00 0.00 TOTALS 0.00 0.00 376,539.66 0.00 >376,539.66 0.00 0.00 0.00 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE > PASS-THROUGH PRIOR > CURRENT RATES PRINCIPAL > PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL > TOTAL BALANCE CURRENT NEXT CERTIFICATES 0.000000 1.960260 0.000000 > 1.960260 0.000000 0.000000% 0.000000% SELLER: Impac Mortgage Holdings, Inc. ADMI >NISTRATOR: Jarrod Anderson MASTER SERVICER: ICI Funding Corporation > Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc > 3 Park Plaza RECORD DATE: November 30, 1998 > Irvine, CA 92614 DISTRIBUTION DATE: December 28, 1998 > FACTOR INFORMATION(800) 735-7777 Page 2 of 5 > (c) COPYRIGHT 1998 Bankers Trust Company IMH Assets Corp. Impac CMB Trust Series 1998-3 Payment Date Statement Distribution Date: December 28, 1998 DELINQUENT AND FORECLOSURE LOAN 30 TO 59 6 >0 TO 89 90 PLUS INFORMATION DAYS > DAYS DAYS TOTAL PRINCIPAL BALANCE 4,006,753.97 1, >642,109.53 1,322,503.11 6,971,366.61 PERCENTAGE OF POOL BALANCE 2.3956% > 0.9818% 0.7907% 4.1681% NUMBER OF LOANS 40 > 18 10 68 PERCENTAGE OF LOANS 3.3058% > 1.4876% 0.8264% 5.6198% FORECLOSURE LOAN INFORMATION: PRINCIPAL BALANCE 0.00 >220,899.49 2,252,712.68 2,473,612.17 PERCENTAGE OF POOL BALANCE 0.0000% > 0.1321% 1.3469% 1.4789% NUMBER OF LOANS 0 > 1 16 17 PERCENTAGE OF LOANS 0.0000% > 0.0826% 1.3223% 1.4050% BANKRUPTCY LOAN INFORMATION: PRINCIPAL BALANCE 320,723.94 > 0.00 132,404.34 1,552,510.72 PERCENTAGE OF POOL BALANCE 0.1918% > 0.0000% 0.0792% 0.9282% NUMBER OF LOANS 2 > 0 3 14 PERCENTAGE OF LOANS 0.1653% > 0.0000% 0.2479% 1.1570% REO LOAN INFORMATION: PRINCIPAL BALANCE 0.00 > 0.00 106,654.33 106,654.33 PERCENTAGE OF POOL BALANCE 0.0000% > 0.0000% 0.0638% 0.0638% NUMBER OF LOANS 0 > 0 1 1 PERCENTAGE OF LOANS 0.0000% > 0.0000% 0.0826% 0.0826% REO BOOK VALUE > 0.00 AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: > 893,192.55 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: > 4,182,089.89 AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: > 5,075,282.44 CURRENT PERIOD INTEREST REMITTANCE AMOUNT PAYABLE TO THE BONDHOLDERS: > 1,214,252.97 CURRENT PERIOD PRINCIPAL DISTRIBUTION AMOUNT PAYABLE TO THE BONDHOLDERS: > 4,208,505.03 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW PAYABLE TO THE BONDHOLDERS: > 0.00 CURRENT PERIOD CARRY FORWARD AMOUNT: > 0.00 AGGREGATE PRIOR UNPAID INTEREST SHORTFALL: > 0.00 CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: > 167,255,385.41 AGGREGATE NUMBER OF THE MORTGAGE LOANS IN POOL: > 1,210 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: > 8.4980% CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY: > 347 Page 3 of 5 > (c) COPYRIGHT 1998 Bankers Trust Company IMH Assets Corp. Impac CMB Trust Series 1998-3 Payment Date Statement Distribution Date: December 28, 1998 CURRENT PERIOD REQUIRED OVERCOLLATERALIZATION AMOUNT: > 4,421,432.99 CURRENT PERIOD OVERCOLLATERALIZATION AMOUNT: > 4,421,532.68 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: > 376,539.66 AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: > 26,415.14 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: > 323,089.41 AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: > 349,504.55 AMOUNT OF PREPAYMENT INTEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DA >TE: 17,450.73 AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: > 17,450.73 THE AMOUNT OF DISTRIBUTION TO THE TRUST CERTIFICATES > 376,539.66 MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE: > 14.0000% AVAILABLE FUNDS INTEREST AMOUNT: > 1,214,254.35 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: > 0.00 CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: > 0.00 CUMULATIVE LOSS PERCENTAGE FOR THE RELATED PAYMENT DATE: > 0.0000% DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: > 3.3944% ROLLING DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: > 1.7578% AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN SA >LE 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 4 of 5 > (c) COPYRIGHT 1998 Bankers Trust Company IMH Assets Corp. Impac CMB Trust Series 1998-3 Payment Date Statement Distribution Date: December 28, 1998 AGGREGATE PRINCIPAL PREPAYMENTS APPLIED TO EACH CLASS: CLASS A : > 2,599,096.50 CLASS M-1 : > 670,734.79 CLASS M-2 : > 586,892.14 CLASS B : > 241,044.95 INTEREST SHORTFALLS APPLIED TO EACH CLASS: CLASS A : > 0.00 CLASS M-1 : > 0.00 CLASS M-2 : > 0.00 CLASS B : > 0.00 AGGREGATE NUMBER OF CONDO SELECT LOANS IN POOL: > 39.00 CURRENT AGGREGATE PRINCIPAL BALANCE OF "CONDO SELECT LOANS: > 1,436,463.70 Page 5 of 5 > (c) COPYRIGHT 1998 Bankers Trust Company IMH Assets Corp. Impac CMB Trust Series 1998-3 Collateralized Mortgage bonds Series 1998-3 Statement to Bondholders DISTRIBUTIONS IN DOLLARS PRIOR > CURRENT ORIGINAL PRINCIPAL > REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL > TOTAL LOSSES INTEREST BALANCE A 121,835,000.00 103,280,824.64 471,333.52 4,948,197.74 5, >419,531.26 0.00 0.00 98,332,626.90 M-1 31,441,300.00 26,653,124.23 126,402.44 1,276,954.65 1, >403,357.09 0.00 0.00 25,376,169.58 M-2 27,511,100.00 23,321,451.91 114,773.93 1,117,333.79 1, >232,107.72 0.00 0.00 22,204,118.12 B 11,299,200.00 9,578,451.95 51,609.23 458,904.88 >510,514.11 0.00 0.00 9,119,547.07 TOTALS 192,086,600.00 162,833,852.73 764,119.12 7,801,391.06 8, >565,510.18 0.00 0.00 155,032,461.67 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE > PASS-THROUGH PRIOR > CURRENT RATES PRINCIPAL > PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL > TOTAL BALANCE CURRENT NEXT A 45254NAK3 847.710630 3.868622 40.613927 > 44.482548 807.096704 5.867500% 5.180000% M-1 45254NAL1 847.710630 4.020268 40.613927 > 44.634194 807.096703 6.097500% 5.410000% M-2 45254NAM9 847.710630 4.171914 40.613927 > 44.785840 807.096704 6.327500% 5.640000% B 45254NAN7 847.710630 4.567512 40.613927 > 45.181438 807.096703 6.927500% 6.240000% THIS STATEMENT IS ALSO AVAILABLE ON BANKERS TRUST >'S WEBSITE, HTTP://ONLINE. BANKERSTRUST.COM/INVR/. WE BEGIN POSTING STATEME >NTS TO THE WEB AT 7:00 PM EASTERN TIME ON THE BUSINESS DAY BEFORE EACH DIST >RIBUTION DATE. SELLER: Impac Mortgage Holdings, Inc. ADMI >NISTRATOR: Jarrod Anderson MASTER SERVICER: ICI Funding Corporation > Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc > 3 Park Plaza RECORD DATE: December 31, 1998 > Irvine, CA 92614 DISTRIBUTION DATE: January 25, 1999 > FACTOR INFORMATION(800) 735-7777 Page 1 of 5 > (c) COPYRIGHT 1999 Bankers Trust Company IMH Assets Corp. Impac CMB Trust Series 1998-3 Collateralized Mortgage bonds Series 1998-3 Statement To Certificateholders DISTRIBUTIONS IN DOLLARS PRIOR > CURRENT ORIGINAL PRINCIPAL > REALIZED DEFERRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL > TOTAL LOSSES INTEREST BALANCE CERTIFICATES 0.00 0.00 408,981.48 0.00 >408,981.48 0.00 0.00 0.00 TOTALS 0.00 0.00 408,981.48 0.00 >408,981.48 0.00 0.00 0.00 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE > PASS-THROUGH PRIOR > CURRENT RATES PRINCIPAL > PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL > TOTAL BALANCE CURRENT NEXT CERTIFICATES 0.000000 2.129152 0.000000 > 2.129152 0.000000 0.000000% 0.000000% SELLER: Impac Mortgage Holdings, Inc. ADMI >NISTRATOR: Jarrod Anderson MASTER SERVICER: ICI Funding Corporation > Bankers Trust Co. of California, NA CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc > 3 Park Plaza RECORD DATE: December 31, 1998 > Irvine, CA 92614 DISTRIBUTION DATE: January 25, 1999 > FACTOR INFORMATION(800) 735-7777 Page 2 of 5 > (c) COPYRIGHT 1999 Bankers Trust Company IMH Assets Corp. Impac CMB Trust Series 1998-3 Payment Date Statement Distribution Date: January 25, 1999 DELINQUENT AND FORECLOSURE LOAN 30 TO 59 6 >0 TO 89 90 PLUS INFORMATION DAYS > DAYS DAYS TOTAL 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% FORECLOSURE LOAN INFORMATION: PRINCIPAL BALANCE 0.00 > 0.00 0.00 2,970,689.33 PERCENTAGE OF POOL BALANCE 0.0000% > 0.0000% 0.0000% 1.8630% NUMBER OF LOANS 0 > 0 0 21 PERCENTAGE OF LOANS 0.0000% > 0.0000% 0.0000% 1.8198% BANKRUPTCY LOAN INFORMATION: PRINCIPAL BALANCE 0.00 > 0.00 0.00 1,578,067.21 PERCENTAGE OF POOL BALANCE 0.0000% > 0.0000% 0.0000% 0.9897% NUMBER OF LOANS 0 > 0 0 14 PERCENTAGE OF LOANS 0.0000% > 0.0000% 0.0000% 1.2132% REO LOAN INFORMATION: PRINCIPAL BALANCE 0.00 > 0.00 0.00 106,616.33 PERCENTAGE OF POOL BALANCE 0.0000% > 0.0000% 0.0000% 0.0669% NUMBER OF LOANS 0 > 0 0 1 PERCENTAGE OF LOANS 0.0000% > 0.0000% 0.0000% 0.0867% REO BOOK VALUE > 0.00 AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: > 1,188,134.46 AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: > 7,780,965.73 AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: > 8,969,100.19 CURRENT PERIOD INTEREST REMITTANCE AMOUNT PAYABLE TO THE BONDHOLDERS: > 1,193,149.93 CURRENT PERIOD PRINCIPAL DISTRIBUTION AMOUNT PAYABLE TO THE BONDHOLDERS: > 7,801,391.06 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW PAYABLE TO THE BONDHOLDERS: > 20,049.33 CURRENT PERIOD CARRY FORWARD AMOUNT: > 0.00 AGGREGATE PRIOR UNPAID INTEREST SHORTFALL: > 0.00 CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: > 159,453,894.66 AGGREGATE NUMBER OF THE MORTGAGE LOANS IN POOL: > 1,154 CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: > 8.5605% CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY: > 346 Page 3 of 5 > (c) COPYRIGHT 1999 Bankers Trust Company IMH Assets Corp. Impac CMB Trust Series 1998-3 Payment Date Statement Distribution Date: January 25, 1999 CURRENT PERIOD REQUIRED OVERCOLLATERALIZATION AMOUNT: > 4,421,432.99 CURRENT PERIOD OVERCOLLATERALIZATION AMOUNT: > 4,421,432.99 CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: > 429,030.81 AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: > 376.00 AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: > 6,994.66 AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: > 7,370.66 AMOUNT OF PREPAYMENT INTEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DA >TE: 25,143.94 AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: > 25,143.94 THE AMOUNT OF DISTRIBUTION TO THE TRUST CERTIFICATES > 408,981.48 MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE: > 14.0000% AVAILABLE FUNDS INTEREST AMOUNT: > 1,193,151.30 AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE: > 20,149.02 CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE: > 20,149.02 CUMULATIVE LOSS PERCENTAGE FOR THE RELATED PAYMENT DATE: > 0.0103% DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: > 0.0000% ROLLING DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE: > 1.7578% AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN SA >LE 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 4 of 5 > (c) COPYRIGHT 1999 Bankers Trust Company IMH Assets Corp. Impac CMB Trust Series 1998-3 Payment Date Statement Distribution Date: January 25, 1999 AGGREGATE PRINCIPAL PREPAYMENTS APPLIED TO EACH CLASS: CLASS A : > 4,868,638.01 CLASS M-1 : > 1,256,423.10 CLASS M-2 : > 1,099,368.71 CLASS B : > 451,526.36 INTEREST SHORTFALLS APPLIED TO EACH CLASS: CLASS A : > 0.00 CLASS M-1 : > 0.00 CLASS M-2 : > 0.00 CLASS B : > 0.00 AGGREGATE NUMBER OF CONDO SELECT LOANS IN POOL: > 27.00 CURRENT AGGREGATE PRINCIPAL BALANCE OF "CONDO SELECT LOANS: > 995,011.64 Page 5 of 5 > (c) COPYRIGHT 1999 Bankers Trust Company -----END PRIVACY-ENHANCED MESSAGE-----