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Previous: IMPERIAL CMB TRUST SERIES 1998-1, 8-K, 1998-12-08 |
Next: CLEVELAND INDIANS BASEBALL CO INC, SC 13G, 1998-12-08 |
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): September 25, 1998
IMPERIAL CMB TRUST SERIES 1998-2
(as issuer under the Indenture, dated as of March 27, 1998,
providing for the issuance of Collateralized Asset-Backed Bonds
Series, 1998-2).
IMPERIAL CMB TRUST SERIES 1998-2
(Exact name of Registrant as specified in its Charter)
CALIFORNIA
(State or Other Jurisdiction of Incorporation)
333-38879 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
September 25, 1998.
Monthly Remittance Statement to the Certificateholders dated as of
October 26, 1998.
Monthly Remittance Statement to the Certificateholders dated as of
November 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
March 27, 1998.
Date: December 8, 1998 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Document
Monthly Remittance Statement to the Certificateholders dated as of
September 25, 1998.
Monthly Remittance Statement to the Certificateholders dated as of
October 26, 1998.
Monthly Remittance Statement to the Certificateholders dated as of
November 25, 1998.
IMH Assets Corp.
Imperial CMB Trust Series 1998-2
Collateralized Mortgage Notes
Series 1998-2
Statement to Bondholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
A 177,820,358.00 167,596,849.17 935,749.07 2,176,129.48 3,
>111,878.55 0.00 0.00 165,420,719.69
M-1 11,854,691.00 11,173,123.71 64,711.01 145,075.30
>209,786.31 0.00 0.00 11,028,048.41
M-2 16,370,763.00 15,429,551.09 93,220.20 200,342.08
>293,562.28 0.00 0.00 15,229,209.01
M-3 7,903,127.00 7,448,748.84 45,002.86 96,716.87
>141,719.73 0.00 0.00 7,352,031.97
B 7,903,127.00 5,852,588.57 35,359.39 75,991.83
>111,351.22 0.00 0.00 5,776,596.74
TOTALS 221,852,066.00 207,500,861.38 1,174,042.53 2,694,255.56 3,
>868,298.09 0.00 0.00 204,806,605.82
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
A 45254NAA5 942.506533 5.262328 12.237797
> 17.500125 930.268736 6.700000% 6.700000%
M-1 45254NAB3 942.506533 5.458684 12.237797
> 17.696481 930.268736 6.950000% 6.950000%
M-2 45254NAC1 942.506534 5.694310 12.237797
> 17.932107 930.268736 7.250000% 7.250000%
M-3 45254NAD9 942.506534 5.694311 12.237798
> 17.932108 930.268737 7.250000% 7.750000%
B 45254NAE7 740.540873 4.474101 9.615413
> 14.089514 730.925460 7.250000% 7.250000%
SELLER: IMH Assets Corp ADMI
>NISTRATOR: Jarrod Anderson
MASTER SERVICER: IMPAC
> Bankers Trust Co. of California, NA
CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc
> 3 Park Plaza
RECORD DATE: August 31, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: September 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 3
> (c) COPYRIGHT 1998 Bankers Trust Company
IMH Assets Corp.
Imperial CMB Trust Series 1998-2
Collateralized Mortgage Notes
Series 1998-2
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
C-1 6,209,600.00 2,250,361.03 16,001.37 1,581.84
> 17,583.21 0.00 0.00 2,248,779.19
C-2 2,258,036.00 1,350,217.02 9,600.83 949.10
> 10,549.93 0.00 0.00 1,349,267.92
C-3 1,354,822.00 2,025,325.92 14,401.24 1,423.66
> 15,824.90 0.00 0.00 2,023,902.26
X 2,032,233.40 207,500,861.38 293,536.05 0.00
>293,536.05 0.00 0.00 204,806,605.82
TOTALS 11,854,691.40 213,126,765.35 333,539.49 3,954.60
>337,494.09 0.00 0.00 210,428,555.19
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
C-1 IMB9802C1 362.400320 2.576876 0.254741
> 2.831617 362.145579 8.475860% 8.477594%
C-2 IMB9802C2 597.960803 4.251850 0.420323
> 4.672173 597.540482 8.475860% 8.477594%
C-3 IMB9802C3 1,494.901854 10.629618 1.050807
> 11.680425 1,493.851045 8.475860% 8.477594%
X IMB9802XX 102,104.837653 144.440127 0.000000
>144.440127 100,779.076764 1.686244% 1.670030%
SELLER: IMH Assets Corp ADMI
>NISTRATOR: Jarrod Anderson
MASTER SERVICER: IMPAC
> Bankers Trust Co. of California, NA
CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc
> 3 Park Plaza
RECORD DATE: August 31, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: September 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 1
> (c) COPYRIGHT 1998 Bankers Trust Company
> IMH Assets Corp.
> Imperial CMB Trust Seri
>es 1998-2
> Collateralized Mortgage
> Notes
> Series 1998-2
> Statement to Bondholder
>s
> Distribution Date:
> September 25, 1998
> DELINQUENT AND
> FORECLOSURE LOAN
> 30 TO 59 60 TO 89 90 PLUS
> INFORMATION
> DAYS DAYS DAYS TOTAL
>
> PRINCIPAL BALANCE
> 3,671,790. 506,027.21 652,241.36 4,830,059.1
>
> PERCENTAGE OF POOL BALA
>NCE 1.7449% 0.2405% 0.3100% 2.2953%
>
> NUMBER OF LOANS
> 27 5 5 37
>
> PERCENTAGE OF LOANS
> 1.8934% 0.3506% 0.3506% 2.5947%
>
> FORECLOSURE LOAN INFORM
>ATION:
> PRINCIPAL BALANCE
> 0.00 0.00 720,785.37 720,785.37
>
> PERCENTAGE OF POOL BALA
>NCE 0.0000% 0.0000% 0.3425% 0.3425%
>
> NUMBER OF LOANS
> 0 0 5 5
>
> PERCENTAGE OF LOANS
> 0.0000% 0.0000% 0.3506% 0.3506%
>
> BANKRUPTCY LOAN INFORMA
>TION:
> PRINCIPAL BALANCE
> 291,112.83 0.00 0.00 1,536,038.5
>
> PERCENTAGE OF POOL BALA
>NCE 0.1383% 0.0000% 0.0000% 0.7300%
>
> NUMBER OF LOANS
> 2 0 0 10
>
> PERCENTAGE OF LOANS
> 0.1403% 0.0000% 0.0000% 0.7013%
>
> REO LOAN INFORMATION:
>
> PRINCIPAL BALANCE
> 0.00 0.00 0.00 0.00
>
> PERCENTAGE OF POOL BALA
>NCE 0.0000% 0.0000% 0.0000% 0.0000%
>
> NUMBER OF LOANS
> 0 0 0 0
>
> PERCENTAGE OF LOANS
> 0.0000% 0.0000% 0.0000% 0.0000%
>
> BOOK VALUE OF REO PROPE
>RTY: 0.00
>
> AGGREGATE COLLECTIONS O
>F NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 1,280,629.6
>
> AGGREGATE COLLECTIONS O
>F PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 2,675,226.5
>
> AGGREGATE COLLECTIONS W
>ITH RESPECT TO THE MORTGAGE LOANS: 3,955,856.2
>
> CURRENT PERIOD BOND PRI
>NCIPAL DISTRIBUTION AMOUNT PAYABLE: 2,694,255.5
>
> AGGREGATE PRINCIPAL PRE
>PAYMENTS INCLUDED IN DISTRIBUTION TO BOND HOLDERS: 2,548,397.1
>
> AGGREGATE PRINCIPAL PRE
>PAYMENTS INCLUDED IN DISTRIBUTION TO CERTIFICATE HOLDERS: 0.00
>
> AGGREGATE PRIOR UNPAID
>INTEREST SHORTFALL TO BONDHOLDERS: 0.00
>
> AGGREGATE PRIOR UNPAID
>INTEREST SHORTFALL TO CERTIFICATEHOLDERS: 0.02
>
> AGGREGATE CURRENT INTER
>EST SHORTFALL TO BONDHOLDERS: 0.00
>
> AGGREGATE CURRENT INTER
>EST SHORTFALL TO CERTIFICATEHOLDERS: 0.01
>
> CURRENT AGGREGATE PRINC
>IPAL BALANCE OF THE MORTGAGE LOANS: 210,428,555
>
> AGGREGATE NUMBER OF THE
> MORTGAGE LOANS IN POOL: 1,426
>
>
> Page 2 of 3 COPYRIGHT 1998 B
>
> IMH Assets Corp.
> Imperial CMB Trust Seri
>es 1998-2
> Collateralized Mortgage
> Notes
> Series 1998-2
> Statement to Bondholder
>s
> Distribution Date:
> September 25, 1998
> AMOUNT OF PRINCIPAL ADV
>ANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 22,983.57
>
> AMOUNT OF INTEREST ADVA
>NCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 272,971.28
>
> AGGREGATE ADVANCES MADE
> WITH RESPECT TO THE RELATED PAYMENT DATE: 295,954.85
>
> AMOUNT OF PREPAYMENT IN
>TEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 9,508.46
>
> AMOUNT OF COMPENSATING
>INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 9,508.46
>
> AGGREGATE AMOUNT OF REA
>LIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00
>
> CUMULATIVE AMOUNT OF RE
>ALIZED LOSSES SINCE THE CLOSING DATE: 0.00
>
> NUMBER OF MORTGAGE LOAN
>S REPURCHASED PURSUANT TO THE MORTGAGE LOAN SALE
> AND CONT
>RIBUTION AGREEMENT FOR THE RELATED PAYMENT DATE: 0
>
> AGGREGATE NUMBER OF MOR
>TGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN
> SALE AND
> CONTRIBUTION AGREEMENT SINCE THE CLOSING DATE: 0
>
> AGGREGATE PRINCIPAL BAL
>ANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE
> LOAN SAL
>E AND CONTRIBUTION AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00
>
> AGGREGATE PRINCIPAL BAL
>ANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE
> LOAN SAL
>E AND CONTRIBUTION AGREEMENT SINCE THE CLOSING DATE: 0.00
>
> AGGREGATE PRINCIPAL BAL
>ANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18
> OF THE S
>ERVICING AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00
>
> AGGREGATE PRINCIPAL BAL
>ANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18
> OF THE S
>ERVICING AGREEMENT SINCE THE CLOSING DATE: 0.00
>
> WEIGHTED AVERAGE MONTHS
> TO MATURITY 341
>
>
> Page 3 of 3 COPYRIGHT 1998 B
>
ankers Trust Company
ankers Trust Company
IMH Assets Corp.
Imperial CMB Trust Series 1998-2
Collateralized Mortgage Notes
Series 1998-2
Statement to Bondholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
A 177,820,358.00 165,420,719.69 923,599.02 4,604,248.34 5,
>527,847.36 0.00 0.00 160,816,471.35
M-1 11,854,691.00 11,028,048.41 63,870.78 306,949.90
>370,820.68 0.00 0.00 10,721,098.51
M-2 16,370,763.00 15,229,209.01 92,009.80 423,883.18
>515,892.98 0.00 0.00 14,805,325.83
M-3 7,903,127.00 7,352,031.97 44,418.53 204,633.26
>249,051.79 0.00 0.00 7,147,398.71
B 6,209,600.00 5,776,596.74 34,900.27 160,783.28
>195,683.55 0.00 0.00 5,615,813.46
TOTALS 220,158,539.00 204,806,605.82 1,158,798.40 5,700,497.96 6,
>859,296.36 0.00 0.00 199,106,107.86
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
A 45254NAA5 930.268736 5.194000 25.892695
> 31.086696 904.376041 6.700000% 6.700000%
M-1 45254NAB3 930.268736 5.387806 25.892695
> 31.280502 904.376041 6.950000% 6.950000%
M-2 45254NAC1 930.268736 5.620373 25.892695
> 31.513069 904.376041 7.250000% 7.250000%
M-3 45254NAD9 930.268737 5.620374 25.892695
> 31.513069 904.376041 7.250000% 7.750000%
B 45254NAE7 930.268736 5.620373 25.892695
> 31.513068 904.376040 7.250000% 7.250000%
SELLER: IMH Assets Corp ADMI
>NISTRATOR: Jarrod Anderson
MASTER SERVICER: IMPAC
> Bankers Trust Co. of California, NA
CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc
> 3 Park Plaza
RECORD DATE: September 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: October 26, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 3
> (c) COPYRIGHT 1998 Bankers Trust Company
IMH Assets Corp.
Imperial CMB Trust Series 1998-2
Collateralized Mortgage Notes
Series 1998-2
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
C-1 2,258,036.00 2,248,779.19 16,072.11 1,572.48
> 17,644.59 0.00 0.00 2,247,206.71
C-2 1,354,822.00 1,349,267.92 9,643.27 943.49
> 10,586.76 0.00 0.00 1,348,324.43
C-3 2,032,233.40 2,023,902.26 14,464.92 1,415.23
> 15,880.15 0.00 0.00 2,022,487.03
X 220,158,539.00 204,806,605.82 291,450.35 0.00
>291,450.35 0.00 0.00 199,106,107.86
TOTALS 225,803,630.40 210,428,555.19 331,630.65 3,931.20
>335,561.85 0.00 0.00 204,724,126.03
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
C-1 IMB9802C1 995.900504 7.117739 0.696393
> 7.814131 995.204111 8.477594% 8.479961%
C-2 IMB9802C2 995.900509 7.117739 0.696393
> 7.814132 995.204115 8.477594% 8.479961%
C-3 IMB9802C3 995.900500 7.117745 0.696393
> 7.814138 995.204109 8.477594% 8.479961%
X IMB9802XX 930.268736 1.323820 0.000000
> 1.323820 904.376041 1.687979% 1.672397%
SELLER: IMH Assets Corp ADMI
>NISTRATOR: Jarrod Anderson
MASTER SERVICER: IMPAC
> Bankers Trust Co. of California, NA
CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc
> 3 Park Plaza
RECORD DATE: September 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: October 26, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 1
> (c) COPYRIGHT 1998 Bankers Trust Company
> IMH Assets Corp.
> Imperial CMB Trust Seri
>es 1998-2
> Collateralized Mortgage
> Notes
> Series 1998-2
> Statement to Bondholder
>s
> Distribution Date:
> October 26, 1998
> DELINQUENT AND
> FORECLOSURE LOAN
> 30 TO 59 60 TO 89 90 PLUS
> INFORMATION
> DAYS DAYS DAYS TOTAL
>
> PRINCIPAL BALANCE
> 3,025,754. 625,586.50 440,817.50 4,092,158.6
>
> PERCENTAGE OF POOL BALA
>NCE 1.4780% 0.3056% 0.2153% 1.9989%
>
> NUMBER OF LOANS
> 21 3 4 28
>
> PERCENTAGE OF LOANS
> 1.4979% 0.2140% 0.2853% 1.9971%
>
> FORECLOSURE LOAN INFORM
>ATION:
> PRINCIPAL BALANCE
> 0.00 785,110.03 786,439.09 1,571,549.1
>
> PERCENTAGE OF POOL BALA
>NCE 0.0000% 0.3835% 0.3841% 0.7676%
>
> NUMBER OF LOANS
> 0 4 6 10
>
> PERCENTAGE OF LOANS
> 0.0000% 0.2853% 0.4280% 0.7133%
>
> BANKRUPTCY LOAN INFORMA
>TION:
> PRINCIPAL BALANCE
> 0.00 290,944.80 197,775.80 1,732,937.6
>
> PERCENTAGE OF POOL BALA
>NCE 0.0000% 0.1421% 0.0966% 0.8465%
>
> NUMBER OF LOANS
> 0 2 1 11
>
> PERCENTAGE OF LOANS
> 0.0000% 0.1427% 0.0713% 0.7846%
>
> REO LOAN INFORMATION:
>
> PRINCIPAL BALANCE
> 0.00 0.00 0.00 0.00
>
> PERCENTAGE OF POOL BALA
>NCE 0.0000% 0.0000% 0.0000% 0.0000%
>
> NUMBER OF LOANS
> 0 0 0 0
>
> PERCENTAGE OF LOANS
> 0.0000% 0.0000% 0.0000% 0.0000%
>
> BOOK VALUE OF REO PROPE
>RTY: 0.00
>
> AGGREGATE COLLECTIONS O
>F NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 1,228,724.1
>
> AGGREGATE COLLECTIONS O
>F PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 5,678,144.1
>
> AGGREGATE COLLECTIONS W
>ITH RESPECT TO THE MORTGAGE LOANS: 6,906,868.2
>
> CURRENT PERIOD BOND PRI
>NCIPAL DISTRIBUTION AMOUNT PAYABLE: 5,700,497.9
>
> AGGREGATE PRINCIPAL PRE
>PAYMENTS INCLUDED IN DISTRIBUTION TO BOND HOLDERS: 5,557,285.1
>
> AGGREGATE PRINCIPAL PRE
>PAYMENTS INCLUDED IN DISTRIBUTION TO CERTIFICATE HOLDERS: 0.00
>
> AGGREGATE PRIOR UNPAID
>INTEREST SHORTFALL TO BONDHOLDERS: 0.00
>
> AGGREGATE PRIOR UNPAID
>INTEREST SHORTFALL TO CERTIFICATEHOLDERS: 0.03
>
> AGGREGATE CURRENT INTER
>EST SHORTFALL TO BONDHOLDERS: 0.00
>
> AGGREGATE CURRENT INTER
>EST SHORTFALL TO CERTIFICATEHOLDERS: 0.00
>
> CURRENT AGGREGATE PRINC
>IPAL BALANCE OF THE MORTGAGE LOANS: 204,724,126
>
> AGGREGATE NUMBER OF THE
> MORTGAGE LOANS IN POOL: 1,402
>
>
> Page 2 of 3 COPYRIGHT 1998 B
>
> IMH Assets Corp.
> Imperial CMB Trust Seri
>es 1998-2
> Collateralized Mortgage
> Notes
> Series 1998-2
> Statement to Bondholder
>s
> Distribution Date:
> October 26, 1998
> AMOUNT OF PRINCIPAL ADV
>ANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 26,285.04
>
> AMOUNT OF INTEREST ADVA
>NCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 305,583.40
>
> AGGREGATE ADVANCES MADE
> WITH RESPECT TO THE RELATED PAYMENT DATE: 331,868.44
>
> AMOUNT OF PREPAYMENT IN
>TEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 19,389.65
>
> AMOUNT OF COMPENSATING
>INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 19,389.65
>
> AGGREGATE AMOUNT OF REA
>LIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00
>
> CUMULATIVE AMOUNT OF RE
>ALIZED LOSSES SINCE THE CLOSING DATE: 0.00
>
> NUMBER OF MORTGAGE LOAN
>S REPURCHASED PURSUANT TO THE MORTGAGE LOAN SALE
> AND CONT
>RIBUTION AGREEMENT FOR THE RELATED PAYMENT DATE: 0
>
> AGGREGATE NUMBER OF MOR
>TGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN
> SALE AND
> CONTRIBUTION AGREEMENT SINCE THE CLOSING DATE: 0
>
> AGGREGATE PRINCIPAL BAL
>ANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE
> LOAN SAL
>E AND CONTRIBUTION AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00
>
> AGGREGATE PRINCIPAL BAL
>ANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE
> LOAN SAL
>E AND CONTRIBUTION AGREEMENT SINCE THE CLOSING DATE: 0.00
>
> AGGREGATE PRINCIPAL BAL
>ANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18
> OF THE S
>ERVICING AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00
>
> AGGREGATE PRINCIPAL BAL
>ANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18
> OF THE S
>ERVICING AGREEMENT SINCE THE CLOSING DATE: 0.00
>
> WEIGHTED AVERAGE MONTHS
> TO MATURITY 340
>
> Page 3 of 3 COPYRIGHT 1998 B
>
ankers Trust Company
ankers Trust Company
IMH Assets Corp.
Imperial CMB Trust Series 1998-2
Collateralized Mortgage Notes
Series 1998-2
Statement to Bondholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
A 177,820,358.00 160,816,471.35 897,891.97 3,305,442.56 4,
>203,334.53 0.00 0.00 157,511,028.79
M-1 11,854,691.00 10,721,098.51 62,093.03 220,362.85
>282,455.88 0.00 0.00 10,500,735.66
M-2 16,370,763.00 14,805,325.83 89,448.84 304,310.58
>393,759.42 0.00 0.00 14,501,015.25
M-3 7,903,127.00 7,147,398.71 43,182.20 146,908.56
>190,090.76 0.00 0.00 7,000,490.15
B 6,209,600.00 5,615,813.46 33,928.87 115,428.16
>149,357.03 0.00 0.00 5,500,385.30
TOTALS 220,158,539.00 199,106,107.86 1,126,544.91 4,092,452.71 5,
>218,997.62 0.00 0.00 195,013,655.15
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
A 45254NAA5 904.376041 5.049433 18.588662
> 23.638095 885.787379 6.700000% 6.700000%
M-1 45254NAB3 904.376041 5.237845 18.588662
> 23.826507 885.787378 6.950000% 6.950000%
M-2 45254NAC1 904.376041 5.463938 18.588662
> 24.052600 885.787379 7.250000% 7.250000%
M-3 45254NAD9 904.376041 5.463939 18.588662
> 24.052601 885.787379 7.250000% 7.750000%
B 45254NAE7 904.376040 5.463938 18.588663
> 24.052601 885.787378 7.250000% 7.250000%
SELLER: IMH Assets Corp. ADMI
>NISTRATOR: Jarrod Anderson
MASTER SERVICER: Impac Funding Corp.
> Bankers Trust Co. of California, NA
CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc.
> 3 Park Plaza
RECORD DATE: October 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: November 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 4
> (c) COPYRIGHT 1998 Bankers Trust Company
IMH Assets Corp.
Imperial CMB Trust Series 1998-2
Collateralized Mortgage Notes
Series 1998-2
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
C-1 2,258,036.00 2,247,206.71 15,911.71 1,598.71
> 17,510.42 0.00 0.00 2,245,608.00
C-2 1,354,822.00 1,348,324.43 9,547.03 959.23
> 10,506.26 0.00 0.00 1,347,365.20
C-3 2,032,233.40 2,022,487.03 14,320.55 1,438.84
> 15,759.39 0.00 0.00 2,021,048.19
X 220,158,539.00 199,106,107.86 281,021.80 0.00
>281,021.80 0.00 0.00 195,013,655.15
TOTALS 225,803,630.40 204,724,126.03 320,801.09 3,996.78
>324,797.87 0.00 0.00 200,627,676.54
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
C-1 IMB9802C1 995.204111 7.046703 0.708010
> 7.754713 994.496102 8.479961% 8.479837%
C-2 IMB9802C2 995.204115 7.046704 0.708010
> 7.754714 994.496104 8.479961% 8.479837%
C-3 IMB9802C3 995.204109 7.046705 0.708010
> 7.754715 994.496100 8.479961% 8.479837%
X IMB9802XX 904.376041 1.276452 0.000000
> 1.276452 885.787379 1.690345% 1.672273%
SELLER: IMH Assets Corp. ADMI
>NISTRATOR: Jarrod Anderson
MASTER SERVICER: Impac Funding Corp.
> Bankers Trust Co. of California, NA
CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc.
> 3 Park Plaza
RECORD DATE: October 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: November 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 2 of 4
> COPYRIGHT 1998 Bankers Trust Company
> IMH Assets Corp.
> Imperial CMB Trust Seri
>es 1998-2
> Collateralized Mortgage
> Notes
> Series 1998-2
> Statement to Bondholder
>s
> Distribution Date:
> November 25, 1998
> DELINQUENT AND
> FORECLOSURE LOAN
> 30 TO 59 60 TO 89 90 PLUS
> INFORMATION
> DAYS DAYS DAYS TOTAL
>
> PRINCIPAL BALANCE
> 5,162,556. 643,561.06 297,640.61 6,103,758.1
>
> PERCENTAGE OF POOL BALA
>NCE 2.5732% 0.3208% 0.1484% 3.0423%
>
> NUMBER OF LOANS
> 31 6 2 39
>
> PERCENTAGE OF LOANS
> 2.2496% 0.4354% 0.1451% 2.8302%
>
> FORECLOSURE LOAN INFORM
>ATION:
> PRINCIPAL BALANCE
> 0.00 188,159.30 1,455,147.08 1,643,306.3
>
> PERCENTAGE OF POOL BALA
>NCE 0.0000% 0.0938% 0.7253% 0.8191%
>
> NUMBER OF LOANS
> 0 1 10 11
>
> PERCENTAGE OF LOANS
> 0.0000% 0.0726% 0.7257% 0.7983%
>
> BANKRUPTCY LOAN INFORMA
>TION:
> PRINCIPAL BALANCE
> 152,813.40 0.00 137,962.10 1,567,323.2
>
> PERCENTAGE OF POOL BALA
>NCE 0.0762% 0.0000% 0.0688% 0.7812%
>
> NUMBER OF LOANS
> 1 0 1 10
>
> PERCENTAGE OF LOANS
> 0.0726% 0.0000% 0.0726% 0.7257%
>
> REO LOAN INFORMATION:
>
> PRINCIPAL BALANCE
> 0.00 0.00 154,055.09 154,055.09
>
> PERCENTAGE OF POOL BALA
>NCE 0.0000% 0.0000% 0.0768% 0.0768%
>
> NUMBER OF LOANS
> 0 0 1 1
>
> PERCENTAGE OF LOANS
> 0.0000% 0.0000% 0.0726% 0.0726%
>
> BOOK VALUE OF REO PROPE
>RTY: 0.00
>
> AGGREGATE COLLECTIONS O
>F NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS: 1,125,258.9
>
> AGGREGATE COLLECTIONS O
>F PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS: 4,063,636.1
>
> AGGREGATE COLLECTIONS W
>ITH RESPECT TO THE MORTGAGE LOANS: 5,188,895.1
>
> CURRENT PERIOD BOND PRI
>NCIPAL DISTRIBUTION AMOUNT PAYABLE: 4,092,452.7
>
> AGGREGATE PRINCIPAL PRE
>PAYMENTS INCLUDED IN DISTRIBUTION TO BOND HOLDERS: 3,950,803.8
>
> AGGREGATE PRINCIPAL PRE
>PAYMENTS INCLUDED IN DISTRIBUTION TO CERTIFICATE HOLDERS: 0.00
>
> AGGREGATE PRIOR UNPAID
>INTEREST SHORTFALL TO BONDHOLDERS: 0.00
>
> AGGREGATE PRIOR UNPAID
>INTEREST SHORTFALL TO CERTIFICATEHOLDERS: 0.03
>
> AGGREGATE CURRENT INTER
>EST SHORTFALL TO BONDHOLDERS: 0.00
>
> AGGREGATE CURRENT INTER
>EST SHORTFALL TO CERTIFICATEHOLDERS: 0.00
>
> CURRENT AGGREGATE PRINC
>IPAL BALANCE OF THE MORTGAGE LOANS: 200,627,676.55
>
> AGGREGATE NUMBER OF THE
> MORTGAGE LOANS IN POOL: 1,378
>
>
> Page 3 of 4 COPYRIGHT 1998 B
>
> IMH Assets Corp.
> Imperial CMB Trust Seri
>es 1998-2
> Collateralized Mortgage
> Notes
> Series 1998-2
> Statement to Bondholder
>s
> Distribution Date:
> November 25, 1998
> AMOUNT OF PRINCIPAL ADV
>ANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 32,813.35
>
> AMOUNT OF INTEREST ADVA
>NCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 368,196.08
>
> AGGREGATE ADVANCES MADE
> WITH RESPECT TO THE RELATED PAYMENT DATE: 401,009.43
>
> AMOUNT OF PREPAYMENT IN
>TEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DATE: 12,944.91
>
> AMOUNT OF COMPENSATING
>INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE: 12,944.91
>
> AGGREGATE AMOUNT OF REA
>LIZED LOSSES FOR THE RELATED PAYMENT DATE: 0.00
>
> CUMULATIVE AMOUNT OF RE
>ALIZED LOSSES SINCE THE CLOSING DATE: 0.00
>
> NUMBER OF MORTGAGE LOAN
>S REPURCHASED PURSUANT TO THE MORTGAGE LOAN SALE
> AND CONT
>RIBUTION AGREEMENT FOR THE RELATED PAYMENT DATE: 0
>
> AGGREGATE NUMBER OF MOR
>TGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN
> SALE AND
> CONTRIBUTION AGREEMENT SINCE THE CLOSING DATE: 0
>
> AGGREGATE PRINCIPAL BAL
>ANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE
> LOAN SAL
>E AND CONTRIBUTION AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00
>
> AGGREGATE PRINCIPAL BAL
>ANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE
> LOAN SAL
>E AND CONTRIBUTION AGREEMENT SINCE THE CLOSING DATE: 0.00
>
> AGGREGATE PRINCIPAL BAL
>ANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18
> OF THE S
>ERVICING AGREEMENT FOR THE RELATED PAYMENT DATE: 0.00
>
> AGGREGATE PRINCIPAL BAL
>ANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3.18
> OF THE S
>ERVICING AGREEMENT SINCE THE CLOSING DATE: 0.00
>
> WEIGHTED AVERAGE MONTHS
> TO MATURITY 339
>
> WEIGHTED AVERAGE COUPON
> 9.0040%
>
> CURRENT MONTHS INTEREST
> EARNINGS 635.51
>
>
> Page 4 of 4 COPYRIGHT 1998 B
>
ankers Trust Company
ankers Trust Company
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