8-K 1 0001.txt September 18, 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 2000-2; File No. 333-32884. Ladies and Gentlemen: Enclosed herewith for filing on behalf of the trust (the "Trust") created pursuant to a Pooling and Servicing agreement dated as of June 1, 2000 (the "Agreement") among Impac Secured Assets Corp., as company (the "Company"), Impac Funding Corporation, as master servicer (the "Master Servicer"), and Bankers Trust Company of California, N.A., as trustee (the "Trustee"). The trust will consist primarily of a pool of one- to four-family fixed-rate first lien residential mortgage loans. The trust will be represented by sixteen classes of certificates, thirteen of which are offered under the Prospectus Supplement dated June 27, 2000. The Series 2000-2 Certificates will consist of sixteen classes of certificates, thirteen of which are offered. The Certificates represent in the aggregate the entire beneficial ownership interest in a trust fund consisting of a pool of mortgage loans with an aggregate principal balance as of the Cut-off Date, after application of scheduled payments due whether or not received, of approximately $275,004,913, subject to a permitted variance as described in the Prospectus Supplement dated June 27, 2000 under "The Mortgage Pool". The Offered Certificates were registered under the Securities Act of 1933, as amended, by a Registration Statement on Form S-11 (File No. 333-32884). 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, promptly after each Distribution Date (as defined in the Pooling and Servicing Agreement), 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. 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 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 2000-2. 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 25, 2000 IMPAC SECURED ASSETS CORP. (as company under a Pooling and Servicing Agreement, dated as of June 1, 2000 providing for, interalia, the issuance of Mortgage Pass-Through Certificates, Series 2000-2). IMPAC MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2000-2 (Exact name of Registrant as specified in its Charter) CALIFORNIA (State or Other Jurisdiction of Incorporation) 333-32884 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 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 July 25, 2000. 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 Agreement, dated as of June 1, 2000. Date: September 18, 2000 By: /s/ Judy L. Gomez Judy L. Gomez Assistant Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of July 25, 2000. IMPAC Secured Assets Corp. 2000-2 Mortgage Pass-Through Certificates July 25, 2000 Distribution Contents TABLE OF CONTENTS > Page 1. Cont >ents 1 2. Cert >ificate Payment Report 2 3. Coll >ection Account Report 6 4. Coll >ateral Report 9 5. Deli >nquency Report 12 6. REO >Report 13 7. Prep >ayment Report 14 8. Prep >ayment Detail Report 17 9. Real >ized Loss Report 18 10. Real >ized Loss Detail Report 21 11. Trig >gers, Adj. Rate Cert. and Miscellaneous Report 22 12. Othe >r Related Information 23 Tota >l Number of Pages > 23 CONTACTS Adm >inistrator: Andrea B Davidson Dir >ect Phone Number: (714)247-6412 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: > June 1, 2000 Certificate Insurer: > Closing Date: > June 29, 2000 Servicer(s): Impac Funding Corpo >ration Master Servicer First Payment Date: > July 25, 2000 Underwriter(s): CS First Boston > Underwriter Distribution Date: > July 25, 2000 > Record Date: > June 30, 2000 > Page 1 of 23 > (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 IM00S2 200007 > 0654946.1 0 0 0 0 4 0 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 0 0 0 0 0 0 0 02.75E >+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 2 >0 0 354.007 > 0 0 0 128603.6 52617410530.46 0 0 2 >0 0 354.006 > 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 2.74E+08 1877 1875128603.6 52617410530.46 0 0 2 >0 0 1831.6118558.5845609.24281484702737845626839945 352354.00652.3687 >38 0 0 0 0 0 0 0 0 > > 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 0 0 0 0.1 >03 0 0.1 >02 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 0 0 0 Jul-00274.33960.1023 >56 0.0019530.998047 > 0.001953 0.02318 0.023182.3687384.892982 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 4 > 0 4.892982536.7045 0 1 0 0 > 0 0 0 > 3 3Collection Account Repor 6 3 > 0 > > 4 Credit Enhancement Report 0 > > 5 4Collateral Report 9 3 > 0 > > 6 5Delinquency Report 12 1 > 0 > > 7 6REO Report 13 1 > > 8 Foreclosure Report 0 > > 9 7Prepayment Report 14 3 > 0 > > 10 8Prepayment Detail Report 17 1 > > 11 9Realized Loss Report 18 3 > 0 > > 12 10Realized Loss Detail Rep 21 1 > > 13 11Triggers, Adj. Rate Cert 22 1 > > 14 12Other Related Informatio 23 1 > > 15 Additional Certificate Report 0 > > 16 Historical Certificate Payment Report > > 17 Credit Ratings > > Total Total Total Number of Pages 23 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 4 2 1 0 3 3 1 0 1 0 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 1 1 0 1 0 0 0 0 0 23