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 27, 1998
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).
IMPERIAL CMB TRUST SERIES 1996-1
(Exact name of Registrant as specified in its Charter)
CALIFORNIA
(State or Other Jurisdiction of Incorporation)
333-6637 33-0705301
(Commission File Number) (I.R.S. Employer
Identification No.)
20371 IRVINE AVENUE
SANTA ANA HEIGHTS, CALIFORNIA 92707
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (714) 556-0122
ITEM 5. Other Events
Attached hereto are copies of the Monthly Remittance Statements
to the Certificateholders which were derived from the monthly
information submitted by the Master Servicer to the Trustee.
ITEM 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Remittance Statement to the Certificateholders dated as of
December 26, 1997.
Monthly Remittance Statement to the Certificateholders dated as of
January 27, 1998.
Monthly Remittance Statement to the Certificateholders dated as of
February 25, 1998.
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.
Bankers Trust Company of California, N.A.,
not in its individual capacity, but solely
as a duly authorized agent of the Registrant
pursuant to the Indenture, dated as of
August 1, 1996.
Date: March 23, 1998 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Sequential
Document Page Number
Monthly Remittance Statement to the Certificateholders 2
dated as of December 26, 1997.
Monthly Remittance Statement to the Certificateholders
dated as of January 27, 1998. 5
Monthly Remittance Statement to the Certificateholders
dated as of February 25, 1998. 7
PAYMENT DATE STATEMENT
Distribution Date: December 26, 1997
DELINQUENCY AND 30 TO 59 60 TO 89 90 AND OVER
LOAN INFORMATION DAYS DAYS DAYS TOTAL
PRINCIPAL BALANCE-
GROUP 1 4,733,623.33 837,360.24 243,134.99 5,814,118.56
PRINCIPAL BALANCE-
GROUP 2 2,418,461.59 348,168.56 268,590.88 3,035,221.03
PRINCIPAL BALANCE-TOTAL 7,152,084.92 1,185,528.80 511,725.87 8,849,339.59
PERCENTAGE OF POOL
BALANCE 5.2182% 0.8650% 0.3734% 6.4566%
NUMBER OF LOANS-GROUP 1 39 8 2 49
NUMBER OF LOANS-GROUP 2 22 4 1 27
NUMBER OF LOANS-TOTAL 61 12 3 76
PERCENTAGE OF LOANS 4.5796% 0.9009% 0.2252% 5.7057%
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE-
GROUP 1 177,955.47 675,309.36 3,286,945.61 4,140,210.44
PRINCIPAL BALANCE-
GROUP 2 0.00 27,816.83 2,052,223.78 2,247,657.26
PRINCIPAL BALANCE-TOTAL 177,955.47 703,126.19 5,339,169.39 6,387,867.70
PERCENTAGE OF POOL
BALANCE 0.1298% 0.5130% 3.8955% 4.6606%
NUMBER OF LOANS-
GROUP 1 2 8 37 47
NUMBER OF LOANS-
GROUP 2 0 1 20 22
NUMBER OF LOANS-TOTAL 2 9 57 69
PERCENTAGE OF LOANS 0.1502% 0.6757% 4.2793% 5.1802%
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE-
GROUP 1 27,162.08 0.00 2,770,353.06 3,880,517.60
PRINCIPAL BALANCE-
GROUP 2 0.00 104,555.82 1,268,795.54 1,948,210.11
PRINCIPAL BALANCE-TOTAL 27,162.08 104,555.82 4,039,148.60 5,828,727.71
PERCENTAGE OF POOL
BALANCE 0.0198% 0.0763% 2.9470% 4.2527%
NUMBER OF LOANS-
GROUP 1 1 0 27 33
NUMBER OF LOANS-
GROUP 2 0 1 12 17
NUMBER OF LOANS-TOTAL 1 1 39 50
PERCENTAGE OF LOANS 0.0751% 0.0751% 2.9279% 3.7538%
REO LOAN INFORMATION:
PRINCIPAL BALANCE-
GROUP 1 0.00 0.00 222,192.90 222,192.90
PRINCIPAL BALANCE-
GROUP 2 0.00 0.00 1,051,636.88 1,051,636.88
PRINCIPAL BALANCE-TOTAL 0.00 0.00 1,273,829.78 1,273,829.78
PERCENTAGE OF POOL
BALANCE 0.0000% 0.0000% 0.9294% 0.9294%
NUMBER OF LOANS-
GROUP 1 0 0 3 3
NUMBER OF LOANS-
GROUP 2 0 0 11 11
NUMBER OF LOANS-TOTAL 0 0 14 14
PERCENTAGE OF LOANS 0.0000% 0.0000% 1.0511% 1.0511%
ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: (SEE ATTACHED,IF ANY)
AGGREGATE COLLECTIONS OF NET INT. W/ RESPECT TO THE MORTGAGE LOANS: 691,307.47
AGGREGATE COLLECTIONS OF PRIN. W/ RESPECT TO THE MORTGAGE LOANS: 7,394,199.54
AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 8,085,237.01
CURRENT PERIOD INTEREST PMT. AMOUNT PAYABLE TO THE BONDHOLDERS: 705,917.73
CURRENT PERIOD PRIN PMT. AMOUNT PAYABLE TO THE BONDHOLDERS: 7,008,664.28
CURRENT PERIOD SUBORDINATION INCREASE AMOUNT PAYABLE TO THE BONDHOLDERS: 0.00
CURRENT PERIOD AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00
CURRENT CUMULATIVE AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00
CURRENT PERIOD INSURED PAYMENTS MADE BY BOND INSURER UNDER
THE BOND INSURANCE POLICY: 0.00
CURRENT CUMULATIVE UNREIMBURSED INSURED PAYMENTS MADE BY THE BOND
INSURER: 0.00
CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: 137,059,712.47
CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 10.4639%
CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY-GROUP 1 322
CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY-GROUP 2 340
CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 9,014,764.24
CURRENT PERIOD SUBORDINATED AMOUNT: 9,014,764.24
CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 537,277.35
CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 416,557.27
AMOUNT OF PRIN. ADVANCES MADE W/ RESPECT TO THE RELATED PMT. DATE: 31,022.01
AMOUNT OF INT. ADVANCES MADE W/ RESPECT TO THE RELATED PMT.DATE: 576,614.07
AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 607,636.08
AMOUNT OF COMPENSATING INT. MADE WITH RESPECT TO THE RELATED PMT.: 30,868.49
CURRENT PERIOD BOND INTEREST SHORTFALL AMOUNT: 0.00
CURRENT CUMULATIVE UNPAID BOND INTEREST SHORTFALL AMOUNT: 0.00
MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE: 10.2101%
AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 10.2101%
AGGREGATE NUMBER OF MORTGAGE LOANS AT END OF PERIOD 1332
NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN
PURCHASE AGREEMENT FOR THE RELATED PMT. DATE: 0
AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE
LOAN PURCHASE AGREEMENT SINCE THE CLOSING: 34
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO
THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PMT. DATE: 0.00
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO
THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 4,698,911.20
AGGREGATE AMT. OF REALIZED LOSSES FOR THE RELATED PMT. DATE: 114,807.88
CUMULATIVE AMT. OF REALIZED LOSSES SINCE THE CLOSING DATE: 304,979.65
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT
TO SECTION 3.18 OF THE SERVICING AGREEMENT FOR THE RELATED
PAYMENT DATE: 0.00
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO
SECTION 3.18 OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE: 0.00
IMH ASSETS CORP.
IMPERIAL CMB TRUST SERIES 1996-1
TRUST CERTIFICATES SERIES 1996-1
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
CERTIFICATES 0.00 0.00 0.00 0.00
Totals 0.00 0.00 0.00 0.00
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
CERTIFICATES 0.00 0.00 0.00 0.00
Totals 0.00 0.00 0.00 0.00
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
CERTIFICATES 0.000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
CERTIFICATES 0.00000 0.000000 0.000000
Seller: ICI FUNDING CORP. Administrator: Joseph Murphy
Servicer: ICI FUNDING CORP. Bankers Trust Company
Lead Underwriter: Morgan Stanley & Co. 3 Park Plaza
Record Date: December 31, 1998 Irvine, CA 92714
Distribution Date: January 26, 1998 Factor Information (800)735-7777
IMH ASSETS CORP.
IMPERIAL CMB TRUST SERIES 1996-1
COLLATERALIZED MORTGAGE BONDS SERIES 1996-1
STATEMENT TO BOND HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
BONDS 259,813,919.00 128,044,948.23 709,257.61 6,360,147.07
Totals 259,813,919.00 128,044,948.23 709,257.61 6,360,147.07
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
BONDS 7,069,404.68 0.00 0.00 121,684,801.16
Totals 7,069,404.68 0.00 0.00 121,684,801.16
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
BONDS 452628AA8 492.833289 2.729868 24.479624 27.209492
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
BONDS 468.353665 6.445000% 6.007500%
Seller: ICI FUNDING CORP. Administrator: Joseph Murphy
Servicer: ICI FUNDING CORP. Bankers Trust Company
Lead Underwriter: SALOMON BROTHERS INC 3 Park Plaza
Record Date: December 31, 1998 Irvine, CA 92714
Distribution Date: January 26, 1998 Factor Information (800)735-7777
PAYMENT DATE STATEMENT
Distribution Date: FEBRUARY 25, 1997
DELINQUENCY AND 30 TO 59 60 TO 89 90 AND OVER
LOAN INFORMATION DAYS DAYS DAYS TOTAL
PRINCIPAL BALANCE-
GROUP 1 4,380,760.12 1,303,584.42 307,381.38 5,991,725.92
PRINCIPAL BALANCE-
GROUP 2 3,458,648.10 74,523,.76 0.00 3,533,171.86
PRINCIPAL BALANCE-TOTAL 7,839,408.22 1,378,108.18 307,381.38 9,524,897.78
PERCENTAGE OF POOL
BALANCE 5.9847% 1.0521% 0.2347% 7.2715%
NUMBER OF LOANS-GROUP 1 43 11 4 58
NUMBER OF LOANS-GROUP 2 34 1 0 35
NUMBER OF LOANS-TOTAL 77 12 4 93
PERCENTAGE OF LOANS 6.0109% 0.9368% 0.3123% 7.2600%
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE-
GROUP 1 0.00 575,091.90 4,588,720.84 5,163,812.74
PRINCIPAL BALANCE-
GROUP 2 0.00 0.00 1,547,664.49 1,874,261.52
PRINCIPAL BALANCE-TOTAL 0.00 575,091.90 6,136,385.33 7,038,074.26
PERCENTAGE OF POOL
BALANCE 0.0000% 0.4390% 4.6846% 5.3730%
NUMBER OF LOANS-
GROUP 1 0 4 49 53
NUMBER OF LOANS-
GROUP 2 0 0 17 20
NUMBER OF LOANS-TOTAL 0 4 66 73
PERCENTAGE OF LOANS 0.0000% 0.3123% 5.1522% 5.6987%
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE-
GROUP 1 0.00 27,155.75 2,593,749.73 3,848,674.90
PRINCIPAL BALANCE-
GROUP 2 0.00 104,510.00 1,365,332.47 2,044,491.97
PRINCIPAL BALANCE-TOTAL 0.00 131,665.75 3,959,082.20 5,893,166.87
PERCENTAGE OF POOL
BALANCE 0.0000% 0.1005% 3.0224% 4.4989%
NUMBER OF LOANS-
GROUP 1 0 1 26 33
NUMBER OF LOANS-
GROUP 2 0 1 12 17
NUMBER OF LOANS-TOTAL 0 2 38 50
PERCENTAGE OF LOANS 0.0000% 0.1561% 2.9664% 3.9032%
REO LOAN INFORMATION:
PRINCIPAL BALANCE-
GROUP 1 0.00 0.00 222,,109.31 222,109.31
PRINCIPAL BALANCE-
GROUP 2 0.00 0.00 882,226.91 882,226.91
PRINCIPAL BALANCE-TOTAL 0.00 0.00 1,104,336.22 1,104,336.22
PERCENTAGE OF POOL
BALANCE 0.0000% 0.0000% 0.8431% 0.8431%
NUMBER OF LOANS-
GROUP 1 0 0 3 3
NUMBER OF LOANS-
GROUP 2 0 0 10 10
NUMBER OF LOANS-TOTAL 0 0 13 13
PERCENTAGE OF LOANS 0.0000% 0.0000% 1.0148% 1.0148%
ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: (SEE ATTACHED,IF ANY)
AGGREGATE COLLECTIONS OF NET INT. W/ RESPECT TO THE MORTGAGE LOANS:670,040.21
AGGREGATE COLLECTIONS OF PRIN. W/ RESPECT TO THE MORTGAGE LOANS: 5,858,763.39
AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 6,528,803.60
CURRENT PERIOD INTEREST PMT. AMOUNT PAYABLE TO THE BONDHOLDERS: 709,257.61
CURRENT PERIOD PRIN PMT. AMOUNT PAYABLE TO THE BONDHOLDERS: 5,887,086.62
CURRENT PERIOD SUBORDINATION INCREASE AMOUNT
PAYABLE TO THE BONDHOLDERS: 473,060.45
CURRENT PERIOD AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00
CURRENT CUMULATIVE AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00
CURRENT PERIOD INSURED PAYMENTS MADE BY BOND INSURER UNDER
THE BOND INSURANCE POLICY: 0.00
CURRENT CUMULATIVE UNREIMBURSED INSURED PAYMENTS MADE BY THE BOND
INSURER: 0.00
CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: 130,990,180.73
CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 10.4724%
CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY-GROUP 1 321
CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY-GROUP 2 339
CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 9,614,943.33
CURRENT PERIOD SUBORDINATED AMOUNT: 9,305,379.57
CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 473,060.45
CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00
AMOUNT OF PRIN. ADVANCES MADE W/ RESPECT TO THE RELATED PMT. DATE:28,323.23
AMOUNT OF INT. ADVANCES MADE W/ RESPECT TO THE RELATED PMT.DATE: 531,245.15
AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 559,568.38
AMOUNT OF COMPENSATING INT. MADE WITH RESPECT TO THE RELATED PMT.: 28,402.83
CURRENT PERIOD BOND INTEREST SHORTFALL AMOUNT: 0.00
CURRENT CUMULATIVE UNPAID BOND INTEREST SHORTFALL AMOUNT: 0.00
MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE: 10.2174%
AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 10.2174%
AGGREGATE NUMBER OF MORTGAGE LOANS AT END OF PERIOD 1281
NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN
PURCHASE AGREEMENT FOR THE RELATED PMT. DATE: 0
AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE
LOAN PURCHASE AGREEMENT SINCE THE CLOSING: 34
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO
THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PMT. DATE: 0.00
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO
THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE:4,698,911.20
AGGREGATE AMT. OF REALIZED LOSSES FOR THE RELATED PMT. DATE: 182,445.12
CUMULATIVE AMT. OF REALIZED LOSSES SINCE THE CLOSING DATE: 487,424.77
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT
TO SECTION 3.18 OF THE SERVICING AGREEMENT FOR THE RELATED
PAYMENT DATE: 0.00
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO
SECTION 3.18 OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE: 0.00
IMH ASSETS CORP.
IMPERIAL CMB TRUST SERIES 1996-1
TRUST CERTIFICATES SERIES 1996-1
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
CERTIFICATES 0.00 0.00 0.00 0.00
Totals 0.00 0.00 0.00 0.00
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
CERTIFICATES 0.00 0.00 0.00 0.00
Totals 0.00 0.00 0.00 0.00
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
CERTIFICATES 0.000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
CERTIFICATES 0.00000 0.000000 0.000000
Seller: ICI FUNDING CORP. Administrator: Joseph Murphy
Servicer: ICI FUNDING CORP. Bankers Trust Company
Lead Underwriter: Morgan Stanley & Co. 3 Park Plaza
Record Date: January 30, 1998 Irvine, CA 92714
Distribution Date: February 25, 1997 Factor Information (800)735-7777
IMH ASSETS CORP.
IMPERIAL CMB TRUST SERIES 1996-1
COLLATERALIZED MORTGAGE BONDS SERIES 1996-1
STATEMENT TO BOND HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
BONDS 259,813,919.00 121,684,801.16 603,423.28 5,708,557.23
Totals 259,813,919.00 121,684,801.16 603,423.28 5,708,557.23
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
BONDS 6,311,980.51 0.00 0.00 115,976,243.93
Totals 6,311,980.51 0.00 0.00 115,976,243.93
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
BONDS 452628AA8 468.353665 2.322521 21.971714 24.294235
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
BONDS 446.381950 6.070000% 6.007500%
Seller: ICI FUNDING CORP. Administrator: Joseph Murphy
Servicer: ICI FUNDING CORP. Bankers Trust Company
Lead Underwriter: SALOMON BROTHERS INC 3 Park Plaza
Record Date: January 30, 1998 Irvine, CA 92714
Distribution Date: February 25, 1998 Factor Information (800)735-7777
PAYMENT DATE STATEMENT
Distribution Date: FEBRUARY 25, 1997
DELINQUENCY AND 30 TO 59 60 TO 89 90 AND OVER
LOAN INFORMATION DAYS DAYS DAYS TOTAL
PRINCIPAL BALANCE-
GROUP 1 5,784,106.31 1,241,432.17 340,821.42 7,366,359.90
PRINCIPAL BALANCE-
GROUP 2 3,010,841.00 762,387,.28 49,580,.26 3,822,808.54
PRINCIPAL BALANCE-TOTAL 8,794,947.31 2,003,819.45 390,401.68 11,189,168.44
PERCENTAGE OF POOL
BALANCE 6.9956% 1.5938% 0.3105% 8.8999%
NUMBER OF LOANS-GROUP 1 48 12 6 66
NUMBER OF LOANS-GROUP 2 28 4 1 33
NUMBER OF LOANS-TOTAL 76 16 7 99
PERCENTAGE OF LOANS 6.1638% 1.2976% 0.5677% 8.0292%
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE-
GROUP 1 250,186.94 0.00 5,302,198.47 5,552,385.41
PRINCIPAL BALANCE-
GROUP 2 0.00 389,530.34 1,454,898.11 1,844,428.45
PRINCIPAL BALANCE-TOTAL 250,186.94 389,530.34 6,757,096.58 7,396,813.86
PERCENTAGE OF POOL
BALANCE 0.1990% 0.3098% 5.3746% 5.8835%
NUMBER OF LOANS-
GROUP 1 1 0 54 55
NUMBER OF LOANS-
GROUP 2 0 5 15 20
NUMBER OF LOANS-TOTAL 1 5 69 75
PERCENTAGE OF LOANS 0.0811% 0.4055% 5.5961% 6.0827%
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE-
GROUP 1 395,865.96 212,971.24 2,965,878.99 4,599,498.25
PRINCIPAL BALANCE-
GROUP 2 0.00 0.00 1,419,729.22 2,078,075.44
PRINCIPAL BALANCE-TOTAL 395,865.96 212,971.24 4,385,608.21 6,677,573.69
PERCENTAGE OF POOL
BALANCE 0.3149% 0.1694% 3.4883% 5.3114%
NUMBER OF LOANS-
GROUP 1 1 2 25 36
NUMBER OF LOANS-
GROUP 2 0 0 12 17
NUMBER OF LOANS-TOTAL 1 2 37 53
PERCENTAGE OF LOANS 0.0811% 0.1622% 3.0008% 4.2985%
REO LOAN INFORMATION:
PRINCIPAL BALANCE-
GROUP 1 0.00 0.00 470,385.03 470,385.03
PRINCIPAL BALANCE-
GROUP 2 40,953.74 0.00 750,633.37 832,540.85
PRINCIPAL BALANCE-TOTAL 0.00 0.00 1,221,018.40 1,261,972.14
PERCENTAGE OF POOL
BALANCE 0.0000% 0.0000% 0.9712% 1.0038%
NUMBER OF LOANS-
GROUP 1 0 0 5 5
NUMBER OF LOANS-
GROUP 2 0 0 9 10
NUMBER OF LOANS-TOTAL 0 0 14 15
PERCENTAGE OF LOANS 0.0000% 0.0000% 1.1354% 1.2165%
ADDITIONAL INFORMATION RELATING TO ANY REO PROPERTY: (SEE ATTACHED,IF ANY)
AGGREGATE COLLECTIONS OF NET INT. W/ RESPECT TO THE MORTGAGE LOANS: 608,432.73
AGGREGATE COLLECTIONS OF PRIN. W/ RESPECT TO THE MORTGAGE LOANS: 5,109,629.71
AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS: 5,718,062.44
CURRENT PERIOD INTEREST PMT. AMOUNT PAYABLE TO THE BONDHOLDERS: 603,423.28
CURRENT PERIOD PRIN PMT. AMOUNT PAYABLE TO THE BONDHOLDERS: 5,138,198.33
CURRENT PERIOD SUBORDINATION INCREASE AMOUNT
PAYABLE TO THE BONDHOLDERS: 570,358.90
CURRENT PERIOD AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00
CURRENT CUMULATIVE AVAILABLE FUNDS CAP CARRY FORWARD AMOUNT: 0.00
CURRENT PERIOD INSURED PAYMENTS MADE BY BOND INSURER UNDER
THE BOND INSURANCE POLICY: 0.00
CURRENT CUMULATIVE UNREIMBURSED INSURED PAYMENTS MADE BY THE BOND
INSURER: 0.00
CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS: 125,721,965.61
CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE: 10.5093%
CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY-GROUP 1 320
CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY-GROUP 2 338
CURRENT PERIOD REQUIRED SUBORDINATED AMOUNT: 10,472,689.27
CURRENT PERIOD SUBORDINATED AMOUNT: 9,745,721.68
CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW: 570,358.90
CURRENT PERIOD SUBORDINATION REDUCTION AMOUNT: 0.00
AMOUNT OF PRIN. ADVANCES MADE W/ RESPECT TO THE RELATED PMT. DATE: 28,568.62
AMOUNT OF INT. ADVANCES MADE W/ RESPECT TO THE RELATED PMT.DATE: 39,506.51
AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 68,075.13
AMOUNT OF COMPENSATING INT. MADE WITH RESPECT TO THE RELATED PMT.: 21,221.87
CURRENT PERIOD BOND INTEREST SHORTFALL AMOUNT: 0.00
CURRENT CUMULATIVE UNPAID BOND INTEREST SHORTFALL AMOUNT: 0.00
MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE: 10.6612%
AVAILABLE FUNDS INTEREST RATE FOR THE RELATED PAYMENT DATE: 10.6612%
AGGREGATE NUMBER OF MORTGAGE LOANS AT END OF PERIOD 1233
NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN
PURCHASE AGREEMENT FOR THE RELATED PMT. DATE: 0
AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE
LOAN PURCHASE AGREEMENT SINCE THE CLOSING: 34
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO
THE MORTGAGE LOAN PURCHASE AGREEMENT FOR THE RELATED PMT. DATE: 0.00
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO
THE MORTGAGE LOAN PURCHASE AGREEMENT SINCE THE CLOSING DATE: 4,698,911.20
AGGREGATE AMT. OF REALIZED LOSSES FOR THE RELATED PMT. DATE: 130,016.79
CUMULATIVE AMT. OF REALIZED LOSSES SINCE THE CLOSING DATE: 617,441.56
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT
TO SECTION 3.18 OF THE SERVICING AGREEMENT FOR THE RELATED
PAYMENT DATE: 0.00
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO
SECTION 3.18 OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE: 0.00
