8-K

UNITED STATES

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) March 30, 2006

IMPAC SECURED ASSETS CORP. (as company under a Pooling and Servicing Agreement, dated as of March 1, 2006, providing for, inter alia, the issuance of Mortgage Pass-Through Certificates, Series 2006-1)

Impac Secured Assets Corp.

(Exact name of registrant as specified in its charter)

California	333-126304-01	33-071-5871
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
1401 Dove Street Newport Beach, California		92660
(Address of Principal Executive Offices)		(Zip Code)

Registrants telephone number, including area code, is (949) 475-3600

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 9.01 Financial Statements and Exhibits.

(a) Not applicable

(b) Not applicable

(c) Exhibits:

1. Amendment No. 1, dated as of September 18, 2006, to the Pooling and Servicing Agreement, dated as of March 1, 2006 among Impac Secured Assets Corp., as company, Impac Funding Corporation, as master servicer and Deutsche Bank National Trust Company, as trustee.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly authorized.

IMPAC SECURED ASSETS CORP.
	By:      /s/ Richard J. Johnson
	Name: Richard J. Johnson Title:   EVP, CFO

Dated: September 18, 2006

EXHIBIT INDEX

Exhibit Number	Item 601 (a) of Regulation S-K Exhibit No.	Sequentially Numbered Description	Page
1	4	Amendment to the Pooling and Servicing Agreement	6

EX-4.1

IMPAC SECURED ASSETS CORP.,

Company,

IMPAC FUNDING CORPORATION,

Master Servicer,

and

DEUTSCHE BANK NATIONAL TRUST COMPANY,

Trustee

AMENDMENT NO. 1 DATED AS OF

SEPTEMBER 18, 2006 TO THE

POOLING AND SERVICING AGREEMENT

DATED AS OF MARCH 1, 2006

MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2006-1

AMENDMENT NO. 1 made as of this 18^th day of September 2006, among 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”).

W I T N E S S E T H

WHEREAS, the Company, the Trustee and the Master Servicer entered into a Pooling and Servicing Agreement (the “Agreement”) dated as of March 1, 2006, relating to the issuance of Mortgage Pass-Through Certificates, Series 2006-1; and

WHEREAS, the Company, the Master Servicer and the Trustee desire to amend the terms of the Agreement pursuant to and in accordance with Section 11.01 of the Agreement.

NOW, THEREFORE, in consideration of the mutual premises and agreements herein, the Company, the Master Servicer and the Trustee agree as follows:

1. The second paragraph of Section 4.01(a) of the Agreement is hereby amended effective as of the date hereof by deleting the phrase “, and then the PMI Insurer with respect to the Primary Insurance Policy, the PMI Insurer Fee Rate” in its entirety.

2. Section 3.11 of the Agreement is hereby amended effective as of the date hereof by renumbering Section 3.11(ix) as Section 3.11(x).

3. Section 3.11 of the Agreement is hereby amended effective as of the date hereof by inserting the following as clause (ix):

(ix) to pay Radian the premium under the PMI Insurer Policies; and

IN WITNESS WHEREOF, the Company, the Master Servicer and the Trustee have caused their duly authorized representatives to execute and deliver this instrument as of the date first above written.

IMPAC SECURED ASSETS CORP.
	By:    /s/ Gretchen Verdugo
	Name:  Gretchen Verdugo Title:    EVP, CFO

IMPAC FUNDING CORPORATION
	By:    /s/ Nancy Pollard
	Name:   Nancy Pollard Title:     EVP

DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee
	By:    /s/ Melissa Wilman
	Name:    Melissa Wilman Title:      Vice President