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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 28, 1997
IMPERIAL CMB TRUST SERIES 1997-2
(as issuer under a Series 1997-2 Indenture dated as of November 1, 1997,
providing for, among other things, the issuance of Collateralized Asset-Backed
Notes Series 1997-2)
IMPERIAL CMB TRUST SERIES 1997-2,
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(Exact name of Issuer as specified in its charter)
Delaware 333-38879 33-0705301
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
c/o Wilmington Trust Company
Rodney Square North
1100 North Market Street
Wilmington, Delaware 19890
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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 2. ACQUISITION OR DISPOSITION OF ASSETS.
For a description of the Notes and the Mortgage Pool, refer to
the Indenture.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
ITEM 601(A) OF
REGULATION S-K
EXHIBIT NO. EXHIBIT NO. DESCRIPTION
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1 99
Computational Materials-- Computational
Materials (as defined in Item 5) that
have been provided by the Underwriter to
certain prospective purchasers of The IMH
Assets Corp. Collateralized Asset-Backed
Notes, Series 1997-2 (filed in paper
pursuant to the automatic SEC exemption
pursuant to Release 33-7427, August 7,
1997)
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Item 5. OTHER EVENTS.
On or about December 12, 1997, the Registrant will cause the
issuance and sale of approximately $177,834,485 initial principal
amount of Collateralized Asset-Backed Notes, Series 1997-2, Class A,
Class M-1, Class M-2 and Class B (collectively, the "Notes") pursuant
to an Indenture, to be dated as of November 1, 1997, between Imperial
CMB Trust Series 1997-2, as issuer, and Bankers Trust Company of
California, N.A., as indenture trustee.
In connection with the sale of the Series 1997-2, Class A,
Class M-1, Class M-2 and Class B (collectively, the "Underwritten
Notes"), the Registrant has been advised by Bear, Stearns & Co. Inc.
(the "Underwriter"), that the Underwriter has furnished to prospective
investors certain yield tables and other computational materials (the
"Computational Materials") with respect to the Underwritten
Certificates following the effective date of Registration Statement No.
333-38879, which Computational Materials are being filed as exhibits to
this report.
The Computational Materials have been provided by the
Underwriter. The information in the Computational Materials is
preliminary and may be superseded by the Prospectus Supplement relating
to the Notes and by any other information subsequently
filed with the Securities and Exchange Commission.
The Computational Materials were prepared by the Underwriter
at the request of certain prospective investors, based on assumptions
provided by, and satisfying the special requirements of, such
prospective investors. The Computational Materials may be based on
assumptions that differ from the assumptions set forth in the
Prospectus Supplement. The Computational Materials may not include, and
do not purport to include, information based on assumptions
representing a complete set of possible scenarios. Accordingly, the
Computational Materials may not be relevant to or appropriate for
investors other than those specifically requesting them.
In addition, the actual characteristics and performance of the
mortgage loans underlying the Underwritten Notes (the "Mortgage Loans")
may differ from the assumptions used in the Computational Materials,
which are hypothetical in nature and which were provided to certain
investors only to give a general sense of how the yield, average life,
duration, expected maturity, interest rate sensitivity and cash flow
characteristics of a particular class of Underwritten Notes might vary
under varying prepayment and other scenarios. Any difference between
such assumptions and the actual characteristics and performance of the
Mortgage Loans will affect the actual yield, average life, duration,
expected maturity, interest rate sensitivity and cash flow
characteristics of the Underwritten Notes.
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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.
IMPERIAL CMB TRUST SERIES
1997-2
Wilmington Trust Company, not in its
capacity but solely as Owner Trustee
By: /s/ Debra A. Eberly
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Name: Debra A. Eberly
Title: Administrative Account Manager
Dated: December 10, 1997
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EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Page
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1 99 Computational Materials 6
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