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) August 28, 1996
IMH ASSETS CORP. (as depositor under the Trust Agreement, dated as of August 1,
1996, and pursuant to which an Indenture was entered into, providing for, inter
alia, the issuance of Collateralized Mortgage Bonds, Series 1996-1)
IMH ASSETS CORP.
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(Exact name of registrant as specified in its charter)
CALIFORNIA 333-6637 33-0705301
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
20371 Irvine Avenue
SANTA ANA HEIGHTS, CALIFORNIA 92707
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code, is (714) 556-0122
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Item 5. OTHER EVENTS.
FILING OF MBIA INSURANCE CORPORATION AND SUBSIDIARIES FINANCIALS AND CONSENT OF
EXPERTS.
The consolidated financial statements of December 31, 1995 and
1994 of MBIA Insurance Corporation and Subsidiaries ("MBIA") that are included
in the Prospectus Supplement have been audited by Coopers & Lybrand L.L.P. The
consent of Coopers & Lybrand L.L.P. to be named as "experts" in the Prospectus
Supplement is attached hereto as Exhibit 23.1.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
23.1. Consent of Coopers & Lybrand L.L.P., independent
auditors of MBIA Insurance Corporation with respect to IMH Assets Corp.
Collateralized Mortgage Bonds, Series 1996-1.
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SIGNATURES
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 thereunto duly authorized.
IMH ASSETS CORP.
By: /s/ Richard Johnson
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Name: Richard Johnson
Title: Chief Financial Officer, Secretary
Dated: August 28, 1996
EXHIBIT 23.1
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CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the inclusion in this Prospectus dated August 27, 1996 of our
report dated January 22, 1996, on our audits of the consolidated financial
statements of MBIA Insurance Corporation and Subsidiaries. We also consent to
the reference to our firm under the caption "Experts".
/s/ Coopers & Lybrand L.L.P.
COOPERS & LYBRAND L.L.P.
August 27, 1996
New York, New York
