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 19, 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 Issuer as specified in its charter)
CALIFORNIA 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 5. Other Events.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Not applicable
(b) Not applicable
(c) Exhibits:
25.1. Statement of eligibility of Norwest Bank Minnesota,
National Association on Form T-1 under the Trust Indenture Act of 1939 of a
Corporation designated to act as Trustee.
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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 19, 2000
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EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description
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1 25.1 Form T-1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM T-1
STATEMENT OF ELIGIBILITY AND QUALIFICATION
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
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NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
41-1592157
(I.R.S. Employer Identification No.)
Sixth Street and Marquette Avenue, Minneapolis,
Minnesota 55479 (Address, including zip code, of
principal executive offices)
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Mr. Stanley S. Stroup
General Counsel
Telephone: (612) 667-1234
Sixth Street and Marquette Avenue
Minneapolis, Minnesota 55479
(Name, address and telephone number of agent for service)
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IMH ASSETS CORP.
(Exact name of obligor as specified in its charter)
DELAWARE 33-0705301
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
IMH Assets Corp.
1401 Dove Street
Newport Beach, California 92660
(Address, including zip code, of registrant's Principal Executive Offices)
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IMPAC CMB TRUST 2000-1 COLLATERALIZED ASSET-BACKED BONDS
(Title of the indenture securities)
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ITEM 1. GENERAL INFORMATION
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervising
authority to which it is subject.
1. Comptroller of the Currency, Washington D.C.
2. Federal Deposit Insurance Corporation,
Washington, D.C.
3. The Board of Governors of the Federal
Reserve Systems, Washington, D.C.
(b) Whether it is authorized to exercise corporate trust
powers.
Yes.
ITEM 2. AFFILIATIONS WITH OBLIGOR AND UNDERWRITERS.
If the obligor or any underwriter for the obligor is an
affiliate of the trustee, describe each such affiliation.
Neither the obligor nor any underwriter for the obligor is an
affiliate of the trustee.
ITEM 3. VOTING SECURITIES OF THE TRUSTEE.
Furnish the following information as to each class of voting
securities of the trustee:
Not applicable
ITEM 4. TRUSTEESHIPS UNDER OTHER INDENTURES.
If the trustee is a trustee under another indenture under
which any other securities, or certificates of interest or
participation in any other securities, of the obligor are
outstanding, furnish the following information:
(a) Title of the securities outstanding under each other
indenture.
Not applicable
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(b) A brief statement of the facts relied upon as a basis
for the claim that no conflicting interest within the
meaning of Section 310(b)(1) of the Act arises as a
result of the trusteeship under such other indenture,
including a statement as to how the indenture
securities will rank as compared with the securities
issued under such other indenture.
Not applicable
ITEM 5. INTERLOCKING DIRECTORATES AND SIMILAR
RELATIONSHIPS WITH THE OBLIGOR OR UNDERWRITERS.
If the trustee or any of the directors or executive officers
of the trustee is a director, officer, partner, employee,
appointee, or representative of the obligor or of any
underwriter for the obligor, identify each such person having
any such connection and state the nature of each such
connection.
Not applicable
ITEM 6. VOTING SECURITIES OF THE TRUSTEE OWNED BY THE OBLIGOR OR ITS
OFFICIALS.
Furnish the following information as to the voting securities
of the trustee owned beneficially by the obligor and each
director, partner and executive officer of the obligor.
Not applicable
ITEM 7. VOTING SECURITIES OF THE TRUSTEE OWNED BY UNDERWRITERS OR
THEIR OFFICIALS.
Furnish the following information as to the voting securities
of the trustee owned beneficially by each underwriter for the
obligor and each director, partner, and executive officer of
each such underwriter.
Not applicable
ITEM 8. SECURITIES OF THE OBLIGOR OWNED OR HELD BY THE TRUSTEE.
Furnish the following information as to securities of the
obligor owned beneficially or held as collateral security for
obligations in default by the trustee:
Not applicable
ITEM 9. SECURITIES OF THE UNDERWRITER OWNED OR HELD BY THE TRUSTEE.
<PAGE>
If the trustee owns beneficially or holds as collateral
security for obligations in default any securities of an
underwriter for the obligor, furnish the following information
as to each class of securities of such underwriter any of
which are so owned or held by the trustee.
Not applicable
ITEM 10. OWNERSHIP OR HOLDINGS BY THE TRUSTEE OF VOTING SECURITIES OF
CERTAIN AFFILIATES OR SECURITY HOLDERS OF THE OBLIGOR.
If the trustee owns beneficially or holds as collateral
security for obligations in default voting securities of a
person who, to the knowledge of the trustee (1) owns 10
percent or more of the voting securities of the obligor or (2)
is an affiliate, other than a subsidiary, of the obligor,
furnish the following information as to the voting securities
of such person.
Not applicable
ITEM 11. OWNERSHIP OR HOLDINGS BY THE TRUSTEE OF ANY SECURITIES OF A
PERSON OWNING 50 PERCENT OR MORE OF THE VOTING SECURITIES OF
THE OBLIGOR.
If the trustee owns beneficially or holds as collateral
security for obligations in default any securities of a person
who, to the knowledge of the trustee, owns 50 percent or more
of the voting securities of the obligor, furnish the following
information as to each class of securities of such person any
of which are so owned or held by the trustee.
Not applicable
ITEM 12. INDEBTEDNESS OF THE OBLIGOR TO THE TRUSTEE.
If the obligor is indebted to the trustee, furnish the
following information.
Not applicable
ITEM 13. DEFAULTS BY THE OBLIGOR.
a) State whether there is or has been a default with respect
to the securities under this indenture. Explain the nature of
any such default.
Not applicable
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b) If the trustee is a trustee under another indenture under
which any other securities, or certificates of interest or
participation in any other securities, of the obligor are
outstanding, or is trustee for more than one outstanding
series of securities under the indenture, state whether there
has been a default under any such indenture or series,
identify the indenture or series affected, and explain the
nature of any such default.
Not applicable
ITEM 14. AFFILIATIONS WITH THE UNDERWRITERS.
If any underwriter is an affiliate of the trustee, describe
each such affiliation.
Not applicable
ITEM 15. FOREIGN TRUSTEE.
Identify the order or rule pursuant to which the foreign
trustee is authorized to act as sole trustee under indentures
qualified or to be qualified.
Not applicable
ITEM 16. LIST OF EXHIBITS.
List below all exhibits filed as part of this statement of
eligibility and qualification.
1. A copy of the Articles of Association of
Norwest Bank Minnesota, National Association
now in effect.*
2. a. A copy of the certificate of authority
to commence business issued June 28, 1872,
by the Comptroller of Currency to the
Northwestern National Bank of Minneapolis.*
b. A copy of the certificate of the
Comptroller of Currency dated January 2,
1934, approving the consolidation of The
Northwestern National Bank of Minneapolis
and The Minnesota Loan and Trust Company of
Minneapolis, with the surviving entity being
titled Northwestern National Bank and Trust
Company of Minneapolis.*
c. A copy of the certificate of the Acting
Comptroller of Currency dated January 12,
1943, as to change of corporate title of
Northwestern National Bank and Trust Company
of Minneapolis
<PAGE>
to Northwestern National Bank of
Minneapolis.*
d. A copy of the letter dated May 12, 1983
from the Regional Counsel, Comptroller of
Currency, acknowledging receipt of notice of
name change efeective May 1, 1983 from
Minneapolis to Northwestern National Bank of
Minneapolis to Norwest Bank Minneapolis,
National Association.*
e. A copy of the letter dated January 4,
1988 from the Administrator of National
Banks for the Comptroller of Currency,
certifying approval of consolidation and
merger effective January 1, 1988 of Norwest
Bank Minneapolis, National Association with
various other banks under the title of
"Norwest Bank Minnesota,
National Association."*
3. A copy of the authorization to exercise
corporate trust powers issued January 2,
1934, by the Federal Reserve Board.*
4. A copy of the existing By-Laws of Norwest
Bank Minnesota, National Association*
5. Not applicable.
6. The consent of the trustee required by
Section 321(b) of the Trust Indenture Act of
1939.
7. A copy of the latest report of condition
of the trustee published pursuant to law or
the requirements of its supervising or
examining authority.**
8. Not applicable.
9. Not applicable.
* Incorporated by reference to Exhibit 25 filed with registration statement
(number 33- 66026) of trustee's parent, Wells Fargo & Company.
** Incorporated by reference to Exhibit 25 filed with registration statement
(number 333- 43005) of trustee's parent, Wells Fargo & Company.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee,
Norwest Bank Minnesota, National Association, a national banking association
organized and existing under the laws of the United States of America, has duly
caused this statement of eligibility and qualification to be signed on its
behalf by the undersigned, thereunto duly authorized, all in the City of
Columbia, State of Maryland, on the 19th day of January, 2000.
NORWEST BANK MINNESOTA,
NATIONAL ASSOCIATION
/s/ Peter Gobell
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Name: Peter A. Gobell
Title: Trust Officer
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EXHIBIT 6
January 19, 2000
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
In accordance with Section 321(b) of the Trust Indenture Act of 1939, as
amended, the undersigned hereby consents that reports of examination of the
undersigned made by Federal, State, Territorial, or District authorities
authorized to make such examination may be furnished by such authorities to the
Securities and Exchange Commission upon its request therefor.
Very Truly Yours,
NORWEST BANK MINNESOTA,
NATIONAL ASSOCIATION
/s/Peter Gobell
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Name: Peter A. Gobell
Title: Trust Officer
