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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): January 26, 2000
IMH ASSETS CORP.
(as depositor under a Series 2000-1 Indenture dated as of January 28, 2000,
providing for, among other things, the issuance of Collateralized Asset-Backed
Bonds Series 2000-1)
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.)
1401 Dove Street
Newport Beach, California 92660
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code, is (949) 475-3600
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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 2000-1 (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.
On or about January 28, 2000, the Registrant will cause the issuance
and sale of $561,950,000 (approximate) initial principal amount of
Collateralized Asset-Backed Bonds, Series 2000-1 (collectively, the "Bonds")
pursuant to an Indenture, to be dated as of January 28, 2000, between Impac CMB
Trust Series 2000-1, as issuer, and Norwest Bank Minnesota, National
Association, as indenture trustee.
In connection with the sale of the Series 2000-1 Bonds
(collectively, the "Underwritten Bonds"), the Registrant has been advised by
Countrywide 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/ Lisa Duehring
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Name: Lisa Duehring
Title: Vice President
Dated: January 26, 2000
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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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