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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): February 23, 1999
IMH ASSETS CORP.
(as depositor under a Series 1999-1 Indenture dated as of February 26, 1999,
providing for, among other things, the issuance of Collateralized Asset-Backed
Bonds Series 1999-1)
IMH ASSETS CORP.
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(Exact name of Depositor as specified in its charter)
DELAWARE 333-60707 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 2. Acquisition Or Disposition Of Assets.
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For a description of the Bonds and the Mortgage Pool, refer to the
Indenture.
Item 7. Financial Statements, Pro Forma Financial Information And Exhibits.
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(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 Bonds, Series
1999-1 (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.
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On or about February 25, 1999, the Registrant will cause the issuance
and sale of approximately $186,139,834 initial principal amount of
Collateralized Asset-Backed Bonds, Series 1999-1, Class A-1 and Class A-2
(collectively, the "Bonds") pursuant to an Indenture, to be dated as of February
25, 1999, between Impac CMB Trust Series 1999-1, as issuer, and LaSalle National
Bank, as indenture trustee.
In connection with the sale of the Series 1999-1, Class A-1 and Class
A-2 (collectively, the "Underwritten Bonds"), the Registrant has been advised by
Donaldson, Lufkin & Jenrette Securities Corporation (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 Bonds following the effective date of Registration Statement
No. 333-60707, 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 Underwritten Bonds 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 Bonds (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
Bonds 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 Bonds.
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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.
IMH ASSETS CORP.
By /s/ Richard J. Johnson
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Name: Richard J. Johnson
Title: Chief Financial Officer
Dated: February 23, 1999
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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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