SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K /A

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, 2002

IMPAC SECURED ASSETS CORP.

(as company (the "Company"), Impac Funding Corporation, as master

servicer (the "Master Servicer"), and Deutsche Bank National

Trust Company, as trustee, (the "Trustee")).

IMPAC SECURED ASSETS CORP MORTGAGE PASS THR CERT SER 2002-3

(Exact name of Registrant as specified in its Charter)

CALIFORNIA

(State or Other Jurisdiction of Incorporation)

333-66328-04 33-071-5871

(Commission File Number) (I.R.S. Employer Identification No.)

1401 DOVE STREET

NEWPORT BEACH 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, 2002.

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.

Deutsche Bank National Trust Company,

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 June 1, 2002.

Date: Jan 23, 2003 By: /s/ Katie Wannenmacher

Katie Wannenmacher

Vice President

EXHIBIT INDEX

DOCUMENT

Monthly Remittance Statement to the Certificateholders

dated as of July 25, 2002.

< /TR> 1,358.54 - 150,000,184.00 Scheduled < TD ALIGN="right"> - < TD ALIGN="right">Page 10 of 26< TD ALIGN="right">< TD ALIGN="left" VALIGN="bottom">< TR VALIGN="bottom">< TD ALIGN="left">SERVICING FEES / ADVANCES< TR VALIGN="bottom">< TD ALIGN="right">< TR VALIGN="bottom">

	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	July 25, 2002 Distribution
	Contents
			TABLE OF CONTENTS
								Page
;
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				8
			4.	Credit Enhancement Report				11
			5.	Collateral Report				12
			6.	Delinquency Report				15
			7.	REO Report				16
			8.	Prepayment Report				17
			9.	Prepayment Detail Report				20
			10.	Realized Loss Report				21
			11.	Realized Loss Detail Report				24
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				25
	< /FONT>		13.	Additional Certificate Report				26
		< /FONT>
				Total Number of Pages				< FONT SIZE="-1" FACE="Times New Roman"> 26
			CONTACTS
	& nbsp;
				Administrator: James F Noriega
				Direct Phone Number: (714)247-6281
				Address : Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: http://www-apps.gis.deutsche-bank.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		Impac Secured Asset Corp.					Cut-Off Date: June 1, 2002
	Certificate Insurer(s):							Closing Date: June 28, 2002
								First Payment Date: July 25, 2002
	Servicer(s):		Impac Funding Corporation Master Servicer
			GMAC Sub-Servicer
								Distribution Date: July 25, 2002
	Underwriter(s):		UBS Securites Underwriter					Record Date: June 28, 2002
						Page 1 of 26					© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	REMIC I
	Certificate Payment Report for July 25, 2002 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
LT-1		129,000,084.00			129,000,084.00	851,613.18	703,536.21	1,555,149.39	-	-	128,296,547.79
LT-2		2,500,000.00			2,500,000.00	16,504.12	-	16,504.12	-	-	2,500,000.00 < /FONT>
LT-3		2,500,000.00			2,500,000.00	16,504.12	-	16,504.12	-	-	2,500,000.00
LT-4		2,250,000.00			2,250,000.00	14,853.71	-	14,853.71	-	-	2,250,000.00
LT-5		13,750,000.00			13,750,000.00	90,772.66	-	90,772.66	-	-	13,750,000.00
LT-P		100.00			100.00	0.66	-	0.66	-	-	100.00
R-1		-			-	-	-	-	-	-	-
Total		150,000,184.00			150,000,184.00	990,248.45	703,536.21	1,693,784.66	-	-	149,296,647.79
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
LT-1				F-30/360		129,000,084.00	1,000.000000	6.601648	5.453766	12.055414	994.546234
LT-2				F-30/360		2,500,000.00	1,000.000000	6.601648	-	6.601648	1,000.000000
LT-3				F-30/360		2,500,000.00	1,000.000000	6.601648	-	6.601648	1,000.000000
LT-4				F-30/360		2,250,000.00	1,000.000000	6.601649	-	6.601649	1,000.000000
LT-5				F-30/360		13,750,000.00	1,000.000000	6.601648	-	6.601648	1,000.000000
LT-P				F-30/360		100.00	1,000.000000	6.600000	-	6.600000	1,000.000000
R-1				F-30/360		-	-	-	-	-	-
			&nb sp;
							Page 2 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	REMIC I
	Certificate Payment Report for July 25, 2002 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
LT-1	129,000,084.00		851,613.18		596,792.45	106,743.76	703,536.21	1,555,149.39	-	-	128,296,547.79
LT-2	2,500,000.00		16,504.12		-	-	-	16,504.12	-	-	2,500,000.00
LT-3	2,500,000.00		16,504.12		-	-	-	16,504.12	-	-	2,500,000.00
LT-4	2,250,000.00		14,853.71		-	-	-	14,853.71	-	-	2,250,000.00
LT-5	13,750,000.00		90,772 .66		-	-	-	90,772.66	-	-	13,750,000.00
LT-P	100.00		0.66 < /FONT>		-	-	-	0.66	-	-	100.00
R-1	-		-		-	-	-	-	-	-	-
Total	150,000,184.00		990,248.45		596,792.45	106,743.76	703,536.21	1,693,784.66	-	-	149,296,647.79
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
LT-1	7.92198%	129,000,084.00			851,613.18	-	-	-	851,613.18	851,613.18	-
LT-2	7.92198%	2,500,000.00			16,504.12	-	-	-	16,504.12	16,504.12	-
LT-3	7.92198%	2,500,000.00			16,504.12	-	-	-	16,504.12	16,504.12	-
LT-4	7.92198%	2,250,000.00			14,853.71	-	-	- < /TD>	14,853.71	14,853.71	-
LT-5	7.92198%	13,750,000.00			90,772.66	-	-	-	90,772.66	90,772.66	-
LT-P	7.92198%	100.00			0.66	-	-	-	0.66	0.66	-
R-1		-			-	-	-	-	-	-	-
Total		150,000,184.00			990,248.45	-	-	-	990,248.45	990,248.45	-
					< FONT SIZE="-1" FACE="Times New Roman">
							Page 3 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	REMIC II
	Certificate Payment Report for July 25, 2002 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
MT-AA		147,000,080.32			147,000,080.32	897,555.38	689,465.49	1,587,020.87	-	-	146,310,614.83
MT-A1		287,500.00			287,500.00	1,755.42	9,382.46	11,137.88	-	-	278,117.54
MT-A2		317,500.00			317,500.00	1,938.60	-	1,938.60	-	-	317,500.00
MT-A3		567,500.0 0			567,500.00	3,465.05	-	3,465.05	-	-	567,500.00
MT-A4		222,500.00			222,500.00	1,358.54	-	1,358.54	-	-	222,500.00
MT-M1		41,250.00			41,250.00	251.86	-	251.86	-	-	41,250.00
MT-M2		33,750.00			33,750.00	206.07	-	206.07	-	-	33,750.00
MT-B		30,000.00			30,000.00	183.17	-	183.17	-	-	30,000.00
MT-ZZ		1,500,003.68			1,500,003.68	6,811.65	7,035.36	13,847.01	-	2,347.10	1,495,315.42
MT-IO		-			-	49,374.50	-	49,374.50	-	-	-
MT-P		100.00			100.00	0.61	-	0.61	-	-	100.00
MT-J		-			-	25,000.50	-	25,000.50	-	-	-
R-2		-			-	-	-	-	-	-	-
Total		150,000,184.00			150,000,184.00	987,901.35	705,883.31	1,693,784.66	-	2,347.10	149,296,647.79
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
MT-AA				F-30/360		147,000,080.32	1,000.000000	6.105816	4.690239	10.796054	995.309761
MT-A1				F-30/360		287,500.00	1,000.000000	6.105809	32.634643	38.740452	967.365357
MT-A2				F-30/360		317,500.00	1,000.000000	6.105827	-	6.105827	1,000.000000
MT-A3				F-30/360		567,500.00	1,000.000000	6.105815	-	6.105815	1,000.000000
MT-A4				F-30/360		222,500.00	1,000.000000	6.105798	-	6.105798	1,000.000000
MT-M1				F-30/360		41,250.00	1,000.000000	6.105697	-	6.105697	1,000.000000
MT-M2				F-30/360		33,750.00	1,000.000000	6.105778	-	6.105778	1,000.000000
MT-B				F-30/360		30,000.00	1,000.000000	6.105667	-	6.105667	1,000.000000
MT-ZZ				F-30/360		1,500,003.68	1,000.000000	4.541089	4.690228	9.231317	996.874501
MT-IO				F-30/360		21,000,000.00	1,000.000000	2.351167	-	2.351167	1,000.000000
MT-P				F-30/360		100.00	1,000.000000	6.100000	-	6.100000	1,000.000000
MT-J				F-30/360		21,000,000.00	1,000.000000	1.190500	-	1.190500	1,000.000000
R-2			F-30/360		-	-	-	-	-	-
						& nbsp;	Page 4 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	REMIC II
	Certificate Payment Report for July 25, 2002 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
MT-AA	147,000,080.32		897,555.38		585,204.43	104,261.06	689,465.49	1,587,020.87	-	-	146,310,614.83
MT-A1	287,500.00		1,755.42		7,963.64	1,418.82	9,382.46	11,137.88	-	-	278,117.54
MT-A2	317,500.00		1,938.60		-	-	-	1,938.60	-	-	317,500.00
MT-A3	567,500.00		3,465.05		-	-	-	3,465.05	-	-	567,500.00
MT-A4	222,500.00		-	-	-	1,358.54	-	-	222,500.00
MT-M1	41,250.00		251.86		-	-	-	251.86	-	-	41,250.00
MT-M2	33,750.00		206.07		-	-	-	206.07	-	-	33,750.00
MT-B	30,000.00		183.17		-	-	-	183.17	-	-	30,000.00
MT-ZZ	1,500,003.68		6,811.65	5,971.47	1,063.89	7,035.36	13,847.01	-	2,347.10	1,495,315.42
MT-IO	-		49,374.50		-	-	-	49,374.50	-	-	-
MT-P	100.00		0.61		-	-	-	0.61	-	-	100.00
MT-J	-		25,000.50		-	-	-	25,000.50	-	-	-
R-2	-		< FONT FACE="Times New Roman" SIZE=-1> -		-	-	-	-	-	-	-
Total	150,000,184.00		987,901.35		599,139.54	106,743.77	705,883.31	1,693,784.66	-	2,347.10	149,296,647.79
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
&n bsp;	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
MT-AA	7.32698%	147,000,080.32			897,555.38	-	-	-	897,555.38	897,555.38	-
MT-A1	7.32698%	287,500.00			1,755.42	-	-	-	1,755.42	1,755.42	-
MT-A2	7.32698%	317,500.00			1,938.60	-	-	-	1,938.60	1,938.60	-
MT-A3	7.32698%	567,500.00			3,465.05	-	-	-	3,465.05	3,465.05	-
MT-A4	7.32698%	222,500.00			1,358.54	-	-	-	1,358.54	1,358.54	-
MT-M1	7.32698%	41,250.00			251.86	-	-	-	251.86	251.86	-
MT-M2	7.32698%	33,750.00			206.07	-	-	-	206.07	206.07	-
MT-B	7.32698%	30,000.00			183.17	-	-	-	183.17	183.17	-
MT-ZZ	7.32698%	1,500,003.68			9,158.75	-	-	(2,347.10)	6,811.65	9,158.75	2,347.10
MT-IO	2.82140%	21,000,000.00			49,374.50	-	-	-	49,374.50	49,374.50	-
MT-P	7.32698%	100.00			0.61	-	-	-	0.6 1	0.61	-
MT-J	1.42860%	21,000,000.00			25,000.50	-	-	-	25,000.50	25,000.50	-
R-2		-			-	-	-	-	-	-	-
	< FONT FACE="Times New Roman" SIZE=-1>
Total		192,000,184.00			990,248.45	-	(2,347.10)	987,901.35	990,248.45	2,347.10
							Page 5 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for July 25, 2002 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest< /TD>	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	FLT, SEQ	28,750,000.00			28,750,000.00	50,312.50	938,246.37	988,558.87	-	-	27,811,753.63
A-2	STEP, AFC,	31,750,000.00			31,750,000.00	137,847.92	-	137,847.92	-	-	31,750,000.00
A-3	STEP, AFC,	56,750,000.00			56,750,000.00	300,775.00	-	300,775.00	-	-	56,750,000.00
A-4	STEP, AFC,	22,250,000.00			22,250,000.00	129,791.67	-	129,791.67	-	-	22,250,000.00
A-IO	IO, NTL, AR	-			-	49,374.50	-	49,374.50	-	-	-
M-1	MEZ, STEP,	4,125,000.00			4,125,000.00	< FONT FACE="Times New Roman" SIZE=-1> 23,925.00	-	23,925.00	-	-	4,125,000.00
M-2	MEZ, STEP,	3,375,000.00			3,375,000.00	20,193.75	-	20,193.75	-	-	3,375,000.00
B	MEZ, STEP,	3,000,000.00			3,000,000.00	18,317.45	-	18,317.45	-	-	3,000,000.00
C	SUB	84.00			84.00	25,000.50	-	25,000.50	-	234,710.16	234,794.16
P	SUB	100.00			100.00	-	-	-	-	-	100.00
R-3	R	-			-	-	-	-	-	-	-
Total		150,000,184.00	755,538.29	938,246.37	1,693,784.66	-	234,710.16	149,296,647.79
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
			< /TD>			Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
A-1	06/28/02	07/24/02		F-30/360	45254TLU6	28,750,000.00	1,000.000000	1.750000	32.634656	34.384656	967.365344
A-2				F-30/360	45254TLV4	31,750,000.00	1,000.000000	4.341667	-	4.341667	1,000.000000
A-3				F-30/360	45254TLW2	56,750,000.00	1,000.000000	5.300000	-	5.300000	1,000.000000
A-4				F-30/360	45254TLX0	22,250,000.00	1,000.000000	5.833333	-	5.833333	1,000.000000
A-IO				F-30/360	45254TLY8	21,000,000.00	1,000.000000	2.351167	-	2.351167	1,000.000000
M-1				F-30/360	45254TLZ5	4,125,000.00	1,000.000000	5.800000	-	5.800000	1,000.000000
M-2				F-30/360	45254TMA9	3,375,000.00	1,000.000000	5.983333	-	5.983333	1,000.000000
B				F-30/360	45254TMB7	3,000,000.00	1,000.000000	6.105817	-	6.105817	1,000.000000
C				F-30/360	45254TMD3	150,000,268.00	999.999998	0.166670	-	0.166670	996.874497
P				F-30/360	45254TMC5	100.00	1,000.000000	-	-	-	1,000.000000
R-3				F-30/360	45254TME1	-	-	-	-	-	-
							Page 6 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for July 25, 2002 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	28,750,000.00		50,312.50		831,502.61	106,743.76	938,246.37	988,558.87	-	-	27,811,753.63
A-2	31,750,000.00		137,847.92		-	-	-	137,847.92	-	-	31,750,000.00
A-3	56,750,000.00		300,775.00		-	-	-	300,775.00	-	-	56,750,000.00
A-4	22,250,000.00		129,791.67		-	-	-	129,791.67	-	-	22,250,000.00
A-IO	-		49,374.50		-	-	-	49,374.50	-	-	-
M-1	4,125,000.00		23,925.00		-	-	-	23,925.00	-	-	4,125,000.00
M-2	3,375,000.00		20,193.75		-	-	-	20,193.75	-	-	3,375,000.00
B	3,000,000.00		18,317.45		-	-	-	18,317.45	-	-	3,000,000.00
C	84.00		25,000.50		-	-	-	25,000.50	-	234,710.16	234,794.16
P	100.00		-		-	-	-	-	-	-	100.00
R-3	-		-		-	-	-	-	-	-	-
Total	150,000,184.00		755,538.29		831,502.61	106,743.76	938,246.37	1,693,784.66	-	234,710.16	149,296,647.79
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	2.10000%	28,750,000.00			50,312.50	-	-	-	50,312.50	50,312.50	-
A-2	5.21000%	31,750,000.00			137,847.92	-	-	-	137,847.92	137,847.92	-
A-3	6.36000%	56,750,000.00			300,775.00	-	-	-	300,775.00	300,775.00	-
A-4	7.00000%	22,250,000.00			129,791.67	-	-	-	129,791.67	129,791.67	-
A-IO	2.82140%	21,000,000.00			49,374.50	-	-	-	49,374.50	49,374.50	-
M-1	6.96000%	4,125,000.00			23,925.00	-	-	-	23,925.00	23,925.00	-
M-2	7.18000%	3,375,000.00			20,193.75	- < /FONT>	-	-	20,193.75	20,193.75	-
B	7.32698%	3,000,000.00			18,317.45	-	-	-	18,317.45	18,317.45	-
C	2.07769%	150,000,267.72			259,711.12	-	-	(234,710.62)	25,000.50	259,710.66	234,710.62
P		100.00			-	-	-	-	-	-	-
R-3		-			-	-	-	-	-	-
Total		< FONT FACE="Times New Roman" SIZE=-1> 321,000,367.72			990,248.91	-	-	(234,710.62)	755,538.29	990,248.45	234,710.62
				&nb sp;			Page 7 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Collection Account Report for July 25, 2002 D istribution
	Collection Account Report
SUMMARY								TOTAL
	Principal Collections							703,536.21
	Other Principal Deposits							0.00
	TOTAL NET PRINCIPAL							703,536.21
	Interest Collections							1,043,930.59
	Interest Withdrawals							0.00
	Interest Fees							(53,682.14)
	TOTAL NET INTEREST					&nb sp;		990,248.45
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS							1,693,784.66			< /FONT>
PRINCIPAL - COLLECTIONS								TOTAL
	Scheduled Principal							106,743.76
	Curtailment s							15,142.65
	Prepayments In Full							581,649.80
	Repurchases/Substitutions							0.00
	Liquidations							0.00
	Insurance Principal							0.00
	Other Principal							0.00
	Delinquent Principal							(33,113.69)
	Total Realized Loss Of Principal							0.00
	Principal Advanced							33,113.69
	TOTAL PRINCIPAL COLLECTED				< FONT SIZE="-1" FACE="Times New Roman">			703,536.21
				Page 8 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates										&n bsp;
	Collection Account Report for July 25, 2002 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS							TOTAL
SPACE INTENTIONALLY LEFT BLANK											&nb sp;
PRINCIPAL - OTHER ACCOUNTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS								TOTAL
	Scheduled Interest							1,067,010.35
	Repurchases/Substitutions							0.00
	Liquidation Interest							0.00
	Insurance Interest							0.00
	Other Interest							0.00
	Prepayment Interest Shortfalls							(1,115.42)
	Delinquent Interest							(383,777.05)
	Interest Realized Losses							0.00
	Compensating Interest							1,115.42
	Civil Relief Act Shortfalls							0.00
	Prepayment Premiums							0.00
	Interest Advanced							360,697.29
	Net WAC Shortfall							0.00
	TOTAL INTEREST COLLECTED							1,043,930.59
				Page 9 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Collection Account Report for July 25, 2002 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS							TOTAL
	Undistributed Receipts on Repurchased Loans							0.00
	Reimburse Advances from Late Collections							0.00
	Reimbursement for Expenses							0.00
	Reimbursements to Sub-Servicer							0.00
	Reimburse Fees and Advances from Late Collections							0.00
	Interest Earnings on the Custodial Account							0.00
	Prev. Unreimbursed P&I Advances							0.00
	Prev. Unreimbursed Servicing Advances							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - FEES								TOTAL
	Radian PMI Fee							8,824.32
	Trustee Fee Amount							1,687.50
	Retained Spread							0.00
	Current Servicing Fees							66,250.08
	Delinquent Servicing Fees							(23,079.76)
	TOTAL INTEREST OTHER FEES							53,682.14
							© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Credit Enhanc ement Report for July 25, 2002 Distribution
											&nbs p;
	Credit Enhancement Report
ACCOUNTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
INSURANCE								TOTAL			&nb sp;
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES								TOTAL
	Overcollateralization Amount							234,793.88
	Excess Overcollateralized Amount							0.00
	Overcollateralization Release Amount							0.00
Overcollateralization Deficiency Amount							890,207.50
	< FONT SIZE="-1" FACE="Times New Roman">Overcollateralization Target Amount							1,125,001.38
			&nbs p;
				Page 11 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Collateral Report for July 25, 2002 Distribution
< /B>	Collateral Report
								&nbs p;
COLLATERAL								TOTAL
	Loan Count:
	Original< /B>							898
	Prior							-
	Prefunding							-
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(2)
	Repurchases							-
	Liquidations							-
	Current							896
	Principal Balance:
	Original							150,000,183.72
	Prior							-
	Prefunding							-
	Scheduled Principal							(106,743.76)
	Partial and Full Voluntary Prepayments							(596,792.45)
	Repurchases							-
	Liquidations							-
	Current							149,296,647.51
PREFUNDING								TOTAL
SPACE INTENTIONALLY LEFT BLANK
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 12 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Collateral Report for July 25, 2002 Distribution
	Collateral Report
						< /FONT>
CHARACTERISTICS								TOTAL
	Weighted Average Coupon Original							8.536072%
	Weighted Average Coupon Prior
	< FONT SIZE="-1" FACE="Times New Roman">Weighted Average Coupon Current							8.536072%
	Weighted Average Months to Maturity Original							346
	Weighted Average Months to Maturity Prior							-
	Weighted Average Months to Maturity Current							346
	Weighted Avg Remaining Amortization Term Original							349
	Weighted Avg Remaining Amortization Term Prior							-
	Weighted Avg Remaining Amortization Term Current							349
	Weighted Average Seasoning Original							2.29
	Weighted Average Seasoning Prior							-
	Weighted Average Seasoning Current							2.29
Note: Original inf ormation refers to deal issue.
			&nb sp;
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 13 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Collateral Report for July 25, 2002 Distribution
	Collateral Report
ARM CHARACTERISTICS								TOTAL
;
	Weighted Average Margin Original							0.000%
	Weighted Average Margin Prior							0.000%
	Weighted Average Margin Current							0.000%
	Weighted Average Max Rate Original							0.000%
	Weighted Average Max Rate Prior							0.000%
	Weighted Average Max Rate Current							0.000%
	Weighted Average Min Rate Original							0.000%
	Weighted Average Min Rate Prior							0.000%
	Weighted Average Min Rate Current							0.000%
	Weighted Average Cap Up Original							0.000%
	Weighted Average Cap Up Prior							0.000%
	Weighted Average Cap Up Current							0.000%
	Weighted Average Cap Down Original			< /FONT>				0.000%
	Weighted Average Cap Down Prior							0.000%
	Weighted Average Cap Down Current							0.000%
Note: Original information refers to deal issue.
							TOTAL
	Current Servicing Fees							43,170.32
	Delinquent Servicing Fees							23,079.76
	TOTAL SERVICING FEES							66,250.08
	Total Servicing Fees							66,250.08
	Compensating Interest							1,115.42
	Delinquent Servicing Fees							(23,079.76)
	COLLECTED SERVICING FEES							44,285.74
	Current PPIS							(1,115.42)
	Current Net PPIS							0.00
	Total Advanced Principal For Current Payment Date							33,113.69
	Total Advanced Interest For Current Payment Date							360,697.29
	TOTAL ADVANCES FOR CURRENT PERIOD							393,810.98
ADDITIONAL COLLATERAL INFORMATION								TOTAL
	Weighted Average Net Mortgage Rate							7.9220%
				Page 14 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Delinquency Report for July 25, 2002 Distribution
	Delinquency Report - Total
				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-		< /TD>
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance	< /FONT>	0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 15 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	REO Report for July 25 , 2002 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
						&nb sp;
SUMMARY				LOAN GROUP					< /FONT>
											;
Total Loan Count = 0				Loan Group 1 = Group 1 Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
			&n bsp;
				Page 16 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Prepayment Report for July 25, 2002 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS								TOTAL
	Current
	Number of Paid in Full Loans							2
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							2
	Paid in Full Balance							581,649.80
	Repurchased Loans Balance							-
	Curtailments Amount							15,142.65
	Total Prepayment Amount							596,792.45
&nb sp;
	Cumulative
	Number of Paid in Full Loans							2
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							2
	Paid in Full Balance							581,649.80
	Repurchased Loans Balance							-		< /FONT>
	Curtailments Amount							15,142.65
	Total Prepayment Amount							596,792.45
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Prepayment Report for July 25, 2002 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES								TOTAL
	SMM							0.40%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off							0.40%
	CPR							4.67%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off							4.67%
	PSA							1018.62%
	3 Months Avg PSA Approximation
&nb sp;	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							1018.62%
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Prepayment Report for July 25, 2002 Distribution
	Prepayment Report - Voluntary Prepayments
		< /FONT>
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
								< /FONT>
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(num ber of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue dat e and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
				< /TD>
				Page 19 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for July 25, 2002 Distribution
											< /FONT>
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 2						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 587,740.00
Total Prepayment Amount = 581,649.80
Loan Number			Original			Current	S tate &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	L TV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination< /TD>	Original Term	Date
1100344281 1			450,000.00	445,164.30	Jun-21-02	8.250%	MI - 61.65%	Paid Off - 360	May-31-02
1100344293 1			137,740.00	136,485.50	Jun-28-02	8.375%	MI - 96.73%	Paid Off - 360	May-31-02
											&nb sp;
					Page 20 of 26				© COPYRIGHT 2002 Deutsche Bank
& nbsp;	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
									& nbsp;
	Realized Loss Report for July 25, 2002 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES								TOTAL
	Current
	Number of Loans Liquidated							-
	Collateral Realized Loss/(Gain) Amount							-			< /FONT>
	Net Liquidation Proceeds							-
	Cumulative
	Number of Loans Liquidated							-
	Collateral Realized Loss/(Gain) Amount							-
	Net Liquidation Proceeds							-
	Note: Collateral realized losses may include adjustments to loans liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
							3 Months Moving Average			< FONT SIZE="-1" FACE="Arial">
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
										< FONT SIZE="-1" FACE="Arial">
				Page 21 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Realized Loss Report for July 25, 2002 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS								TOTAL
	MDR							0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off							0.00%
	CDR							0.00%
	3 Months Avg CDR			& nbsp;
	12 Months Avg CDR
	Avg CDR Since Cut-off							0.00%
	SDA							0.00%
	3 Months Avg SDA Approximation
	< FONT SIZE="-1" FACE="Times New Roman">12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation							0.00%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
CDR by Groups					Total CDR				&nb sp;
SDA by Groups					Total SDA
				Page 22 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Realized Loss Report for July 25, 2002 Distribution
	Realized Loss Report - Collateral
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
			&n bsp;
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0 .02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the peri od n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
				Page 23 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for July 25, 2002 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Group 1 Group
Total Original Pr incipal Balance = 0.00
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
					Page 24 of 26	&n bsp;			© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Throu gh Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for July 25, 2002 Distribution									< /FONT>
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS								TOTAL
	Optional Termination Date Reached							No
	After the 36th Distribution							No
	Stepdown date occurred							No
	Trigger Event in Effect							No
ADJUSTABLE RATE CERTIFICATE INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK
							;
ADDITIONAL INFORMATION								TOTAL
	NET WAC SHORTFALL RESERVE FUND
	Original Net WAC Shortfall Reserve Fund Balance							5,000.00			&n bsp;
	Net WAC Shortfall Reserve Fund Beginning Balance							5,000.00
	Net WAC Shortfall							0.00
	Net WAC Shortfall Reserve Fund Ending Balance							5,000.00
				Page 25 of 26				© COPYRIGHT 2002 Deutsche Bank
	Impac Secured Assets Corp. 2002-3
	Mortgage Pass-Through Certificates
	Additional Certificate Report for July 25, 2002 Distribution
	Additional Certificate Report
	CLASS							Net PPIS & Other Int. Shortfalls
	A-1							0.00
	A-2							0.00
	A-3							0.00
	A-4		< /TD>					0.00
	A-IO							0.00
	M-1							0.00
	M-2							0.00
	B							0.00
				Page 26 of 26				© COPYRIGHT 2002 Deutsche Bank