-----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, D8Zeafp3JMQiNXfUaff/s5HjA7E/8+MUXQ0v0P8sRng4AjzNCgbt5rD+oKWINM4O u0JMlsmL9tgXCf2jHo/tRA== 0001020242-00-000035.txt : 20000210 0001020242-00-000035.hdr.sgml : 20000210 ACCESSION NUMBER: 0001020242-00-000035 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991025 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED PANAM MORTGAGE LOAN ASSET BACKED CERT SERIES 1999-1 CENTRAL INDEX KEY: 0001103872 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-44209-03 FILM NUMBER: 529513 BUSINESS ADDRESS: STREET 1: 1761 E. ST. ANDREW PLACE CITY: SANTA ANA STATE: CA ZIP: 92705 BUSINESS PHONE: 7142476255 8-K 1 January 19, 2000 Securities and Exchange Commission Judiciary Plaza 450 Fifth Street, N.W. Washington, D.C. 20549 Re: Impac Secured Assets Corp. Mortgage Pass-Through Certificates, Series 1999-1 File No. 333-44209-03. Ladies and Gentlemen: Enclosed herewith for filing on behalf of the trust fund (the "Trust") created pursuant to a Pooling and Servicing Agreement dated as of September 1, 1999, (the "Agreement") among Impac Secured Assets Corp., as Depositor, Impac Funding Corporation, as Master Servicer, and Bankers Trust Company of California, N.A., as Trustee (the "Trustee"), is a Current Report on Form 8-K (the "Report"). The Series 1999-1 Mortgage Pas-Through Certificates (the Certificates") will include the following five classes: (i) Class A Certificates; (ii) Class SB Certificates; and (iii) Class R-I Certificates, Class R-II Certificates and Class R-III Certificates (collectively, the "Residual Certificates"). Only the Class A Certificates are offered hereby. The Certificates will evidence ownership interests in a trust fund which will consist of the following (such assets, collectively, the "Trust Fund"): (i) the Mortgage Loans; (ii) collections in respect of principal and interest on the Mortgage Loans received after the Cut-off Date (other than payments due on or before the Cut-off Date); (iii) the amounts on deposit in any Collection Account (as defined in the Prospectus Supplement), including the account in which amounts are deposited prior to payment to the Certificateholders (the "Certificate Account"), including net earnings thereon; (iv) certain insurance policies maintained by the related Mortgagors or by or on behalf of the Master Servicer or related subservicer in respect of the Mortgage Loans; (v) an assignment of the Company's rights under the Mortgage Loan Purchase Agreement (as defined in the Prospectus Supplement); (vi) the Yield Maintenance Agreement and the Reserve Fund; (vii) the Radian PMI Policy; and (viii) proceeds of the foregoing. The Offered Certificates were registered under the Securities Act of 1933, as amended, by a Registration Statement on Form S-11 (File No. 333-44209). As a result, the Trust 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 Trust will file, within 15 business days after each Distribution Date (as defined in the Pooling and Servicing Agreement), a Current Report on Form 8-K in substantially the form attached 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. The Trust will file a Current Report on Form 8-K promptly after the occurrence of any event described under Item 2, 3, 4 or 5 thereof, responding to the requirements of the applicable Item. Within 90 days after the end of each fiscal year, the Trust 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 Trust 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 Trust 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) 247-6255. Sincerely, /s/ Judy L. Gomez Assistant Vice President Bankers Trust Company of California, N.A. S.E.C. Reporting Agent for Impac Secured Assets Corp. Mortgage Pass-Through Certificates, Series 1999-1. 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): October 25, 1999 IMPAC SECURED ASSETS CORP. (as Depositor under a Series 1999-1 Pooling and Servicing Agreement dated as of September 1, 1999, providing for, among other things, the issuance of the Mortgage Pass-Through Certificates, Series 1999-1) IMPAC SECURED ASSETS CORP. MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1999-1 (Exact name of Registrant as specified in its Charter) CALIFORNIA (State or Other Jurisdiction of Incorporation) 333-44209-03 33-071-5871 (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 are copies of the Monthly Remittance Statements to the Certificateholders which were 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 October 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 Pooling and Servicing Agreement, dated as of September 1, 1999. Date: January 19, 2000 By: /s/ Judy L. Gomez Judy L. Gomez Assistant Vice President EXHIBIT INDEX Document Monthly Remittance Statement to the Certificateholders dated as of October 25, 1999. IMPAC Secured Asset Corp. 1999-1 Mortgage Pass-Through Certificates October 25, 1999 Distribution Contents TABLE OF CONTENTS > Page 1. Cont >ents 1 2. Cert >ificate Payment Report 2 3. Coll >ection Account Report 8 4. Cred >it Enhancement Report 11 5. Coll >ateral Report 12 6. Deli >nquency Report 15 7. REO >Report 16 8. Prep >ayment Report 17 9. Prep >ayment Detail Report 20 10. Real >ized Loss Report 21 11. Real >ized Loss Detail Report 24 12. Trig >gers, Adj. Rate Cert. and Miscellaneous Report 25 Tota >l Number of Pages > 25 CONTACTS Adm >inistrator: Jennifer C. Bohannon Dir >ect Phone Number: (714)247-6283 Add >ress: Deutsche Bank > 1761 E. St. Andrew Place, Santa Ana, CA 92705 Web > Site: http://www-apps.gis.deutsche-bank.com/invr Fac >tor Information: (800) 735-7777 Mai >n Phone Number: (714) 247-6000 ISSUANCE INFORMATION Seller: Impac Secured Asset > Corp. Cut-Off Date: > September 1, 1999 Certificate Insurer: AMBAC Assurance Cor >poration Closing Date: > September 30, 1999 Servicer(s): Impac Funding Corpo >ration Master Servicer First Payment Date: > October 25, 1999 Wendover Funding, I >nc. Sub-Servicer Underwriter(s): Donaldson, Lufkin & > Jenrette Securities Lead Underwriter Distribution Date: > October 25, 1999 > Record Date: > September 30, 1999 > Page 1 of 25 > (c) COPYRIGHT 2000 Deutsche Bank HISTORICAL DATA > - STATEMENT 1 GROUP TOTAL 1 issue_idperiod > t_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 IM99S1 199910 > 095978275 1909360 0 0 0 455 11 0 > 0 0 0 0 0 0 0 0 0 0 > 0 HISTORICAL DATA > - STATEMENT 1 GROUP 1 0 issue_idperiod >sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 HISTORICAL DATA > - STATEMENT 1 GROUP 2 0 issue_idperiod >sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 HISTORICAL DATA > - STATEMENT 1 GROUP 3 0 issue_idperiod >sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 HISTORICAL DATA > - STATEMENT 1 GROUP 4 0 issue_idperiod >sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 > > 0 0 t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba 0 0 0 0 0 0 0 0 0 >0 0 0 0 0 0 0 0 0 0 > 0 0 1909360 11 0 0 0 0 0 01.37E >+08 t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba 1 >0 0 357.878 > 0 0 0.01394139 83540.04269654.5-6402.78 0 0 1 >0 0 357.877 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p 1.37E+08 663 66283540.04269654.5-6402.78 0 0 1 >0 0 494.3712299.6530607.551137381310858927 9932473 358357.8777 2.122 >260.0427650.1431260.0489710.0102270.010205 0 0 0.013941386 > > 0 0 0 0 0 0 0 0 >0 0 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p > > 0 0 0 0 0 0 0 0 >0 0 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p > > 0 0 0 0 0 0 0 0 >0 0 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p > > 0 0 0 0 0 0 0 0 >0 0 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p 0 0.01394139 0 0 0 0.0 >83 0 0.0 >82 BankruptREO Total Total Total > > Total Total Total t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA 0 0.013941386 0 0 0 Oct-99136.95620.0828 >37 0.0019180.998082 > 0.001918 0.02278 0.02278 2.12226 5.36699 0 0 0 0 0 BankruptREO t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa1or 2 padel_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA 0 0 0 0 0 BankruptREO t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA 0 0 0 0 0 BankruptREO t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA 0 0 0 0 0 BankruptREO t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA > > Printing Pages Starting# Pages # Pag >es Total Total > > 1 1Contents 1 1 CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity 2 2Certificate Payment Repo 2 6 > 0 5.36699263.2517 0 1 0 0 > 0 0 0 > 3 3Collection Account Repor 8 3 > 0 > > 4 4Credit Enhancement Repor 11 1 > > 5 5Collateral Report 12 3 > 0 > > 6 6Delinquency Report 15 1 > 0 > > 7 7REO Report 16 1 > > 8 Foreclosure Report 0 > > 9 8Prepayment Report 17 3 > 0 > > 10 9Prepayment Detail Report 20 1 > > 11 10Realized Loss Report 21 3 > 0 > > 12 11Realized Loss Detail Rep 24 1 > > 13 12Triggers, Adj. Rate Cert 25 1 > > 14 Other Related Information 0 > > 15 Additional Certificate Report 0 > > 16 Historical Certificate Payment Report > > 17 Credit Ratings > > Total Total Total Number of Pages 25 CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR > CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity # Pages Total # # Standard Pgs per Report 1 1 0 6 2 1 0 3 3 1 1 1 1 0 3 3 1 0 1 1 1 1 1 0 0 0 3 3 1 1 1 0 3 3 1 1 1 1 1 1 0 0 0 1 0 0 0 0 0 25 -----END PRIVACY-ENHANCED MESSAGE-----