IMH ASSETS CORP IMPAC CMB TRUST 1998 C1 COL MOR BOND 1998 C1
8-K, 1998-10-28
MORTGAGE BANKERS & LOAN CORRESPONDENTS
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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:  August 26,1998
(Date of earliest event reported)

 	   Impac CMB Trust  
            (Sponsor)
      (Issuer in Respect of 
Mortgage Pass-Through Certificates 
        Series 1998-C1)
  (Exact name of registrant as specified in charter)  

Delaware                    333-50473            
(State or other juris-   (Commission (I.R.S. Employer 
diction of organization)  File No.)  Identification No.)


c/o Wilmington Trust Company Rodney Square North 
Wilmington, Delaware 19890
(Address of principal executive offices)          
(Zip Code)


Registrant's Telephone Number, including area code 
(302) 651-1000


(Former name or former address, if changed since last 
report.)



















ITEM 5.	OTHER EVENTS
		
		This Current Report on Form 8-K relates to
 the Trust Fund formed, and the Commercial Mortgage 
Pass-Through Certificates Series 1998-C1 issued pursuant
 to an Indenture, dated as of August 1, 1998 , by and 
among Impac CMB Trust, as sponsor, Impac CMB Trust, 
as master servicer and special servicer, LaSalle 
National Bank, as trustee and REMIC administrator, 
and ABN AMRO Bank, N.V., as fiscal agent.  The Class
 A-1A, Class A-1B, Class A-2, Class B, Class C, 
Class D, Class E, Class F and Class G Certificates
 have been registered pursuant to the Act under a
 Registration Statement on Form S-3 (File No.333-50473)
 (the "Registration Statement").

		Capitalized terms used herein and not defined 
herein have the same meanings ascribed to such terms in 
the Pooling and Servicing Agreement.

		Pursuant to Section 8.14 of the Pooling and
 Servicing Agreement, the Trustee is filing this Current
 Report containing the October 20, 1998 monthly 
distribution 
report prepared by the Trustee pursuant to Section 4.01 
thereof.


		This Current Report is being filed by the 
Trustee, in its capacity as such under the Pooling and
 Servicing Agreement, on behalf of the Registrant.  The
 information reported and contained herein has been 
supplied to the Trustee by one or more of the Master 
Servicer, the Special Servicer or other third parties 
without independent review or investigation by the 
Trustee.
  Pursuant to the Pooling and Servicing Agreement, 
the 
Trustee is not responsible for the accuracy or 
completeness
 of such information.


























ITEM 7.	FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
 INFORMATION
		AND EXHIBITS

		(c)     Exhibits
		

		  
Exhibit No.				Description

		

	99				Monthly distribution report
 pursuant to
					Section 4.1 of the Pooling 
and Servicing
Agreement for the distribution on October 20, 1998


     			
												

		

Pursuant to the requirements of the Securities Exchange 
Act of 1934, the Registrant has duly caused this report 
to be signed on behalf of the Registrant by the under
signed thereunto duly authorized.

				LASALLE NATIONAL BANK, IN
				ITS CAPACITY AS TRUSTEE
				UNDER THE POOLING AND 
				SERVICING AGREEMENT ON 
				BEHALF OF MORTGAGE CAPTIAL
				FUNDING, INC, REGISTRANT





					By: /s Russell Goldenberg
					      Russell Goldenberg, 
					     Senior Vice President



Date: October 30, 1998







ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2

Statement Date       10/20/98
Payment Date:        10/20/98
Prior Payment:       09/21/98
Record Date:         09/30/98

WAC:              8.06539687%
WAMM:                     117

                                          Number Of Pages
                                                        0
Table Of Contents                                       1
Bond Report                                             1
Other Related Information                               2
Asset Backed Facts Sheets                               3
Delinquency Loan Detail                                 1
Mortgage Loan Characteristics                           7
Loan Level Listing                                      7


Total Pages Included  In This Package                  22

Specially Serviced Loan DetaiAppendix A
Modified Loan Detail         Appendix B
Realized Loss Detail         Appendix C

Information is available for this issue from the 
sources
LaSalle Web Site             www.lnbabs.com

LaSalle Bulletin Board       (714) 282-3990
LaSalle ASAP Fax System      (312) 904-2200

ASAP #:                                355
Monthly Data File Name:      0355MMYY.EXE


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2

Statement Date       10/20/98
Payment Date:        10/20/98
Prior Payment:       09/21/98
Record Date:         09/30/98

WAC:              8.06539687%
WAMM:                     117

              Original                    Opening
Class         Face Value (1)              Balance
CUSIP         Per $1,000                  Per $1,000

A-1A            43,000,000.00               42,784,875.15
45254NAP2      1,000.00000000                994.99709651
A-1B           140,373,000.00              140,373,000.00
45254NAQ0      1,000.00000000              1,000.00000000
A-2             32,710,000.00               32,676,758.88
45254NAR8      1,000.00000000                998.98376276
B               15,889,000.00               15,889,000.00
45254NAS6      1,000.00000000              1,000.00000000
C               19,066,000.00               19,066,000.00
45254NAT4      1,000.00000000              1,000.00000000
D               20,655,000.00               20,655,000.00
45254NAU1      1,000.00000000              1,000.00000000
E                4,767,000.00                4,767,000.00
45254NAV9      1,000.00000000              1,000.00000000
F               18,271,000.00               18,271,000.00
45254NAW7      1,000.00000000              1,000.00000000
G               11,122,000.00               11,122,000.00
9ABSB637       1,000.00000000              1,000.00000000
Owner Trust Ce  11,917,252.00               11,917,252.00
9ABSB638       1,000.00000000              1,000.00000000

               317,770,252.00              317,521,886.03

Principal     Principal                   Negative
Payment       Adj. or Loss                Amortization
Per $1,000    Per $1,000                  Per $1,000

    409,090.22           0.00                        0.00
    9.51372605     0.00000000                  0.00000000
          0.00           0.00                        0.00
    0.00000000     0.00000000                  0.00000000
  1,284,357.99           0.00                        0.00
   39.26499511     0.00000000                  0.00000000
          0.00           0.00                        0.00
    0.00000000     0.00000000                  0.00000000
          0.00           0.00                        0.00
    0.00000000     0.00000000                  0.00000000
          0.00           0.00                        0.00
    0.00000000     0.00000000                  0.00000000
          0.00           0.00                        0.00
    0.00000000     0.00000000                  0.00000000
          0.00           0.00                        0.00
    0.00000000     0.00000000                  0.00000000
          0.00           0.00                        0.00
    0.00000000     0.00000000                  0.00000000
          0.00           0.00                        0.00
    0.00000000     0.00000000                  0.00000000

  1,693,448.21           0.00                        0.00

Closing       Interest       Interest     Bond Interest
Balance       Payment        Adjustment   Rate (2)
Per $1,000    Per $1,000     Per $1,000   Next Rate (3)

 42,375,784.93     216,063.62         0.00    6.06000000%
  985.48337047     5.02473535   0.00000000    6.06000000%
140,373,000.00     767,372.40         0.00    6.56000000%
1,000.00000000     5.46666667   0.00000000    6.56000000%
 31,392,400.89     154,506.21         0.00    5.86964000%
  959.71876766     4.72351605   0.00000000    5.50688000%
 15,889,000.00      89,243.22         0.00    6.74000000%
1,000.00000000     5.61666688   0.00000000    6.74000000%
 19,066,000.00     110,265.03         0.00    6.94000000%
1,000.00000000     5.78333316   0.00000000    6.94000000%
 20,655,000.00     130,470.75         0.00    7.58000000%
1,000.00000000     6.31666667   0.00000000    7.58000000%
  4,767,000.00      30,111.55         0.00    7.58000000%
1,000.00000000     6.31666667   0.00000000    7.58000000%
 18,271,000.00      92,268.55         0.00    6.06000000%
1,000.00000000     5.05000000   0.00000000    6.06000000%
 11,122,000.00      56,166.10         0.00    6.06000000%
1,000.00000000     5.05000000   0.00000000    6.06000000%
 11,917,252.00     464,151.01         0.00
1,000.00000000    38.94782203   0.00000000

315,828,437.82   2,110,618.44         0.00
Total P&I Paym   3,804,066.65

Notes:  (1) N denotes notional balance not included in
 total  
  (2) Inte
ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2
Other Related Information

Statement Date:        10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

Respective Pool Summary Information
                                            Fixed Rate
  Component                                 Sub-Pool


  Beginning Loan Count:                              164
  Ending Loan Count:                                 164

  Principal Balance Prior to Current Distrib 284,845,065
  Principal Balance Subsequent to Current Di 284,435,975
  Available Distribution Amount:            2,268,406.01

  Weighted Average Remaining Term to Maturit         117
  Weighted Average Mortgage Rate:            7.92092604%

                                            Adjustable Rate
                                            Sub-Pool


  Beginning Loan Count:                               30
  Ending Loan Count:                                  29

  Principal Balance Prior to Current Distrib32,676,821.62
  Principal Balance Subsequent to Current Di31,392,463.63
  Available Distribution Amount:            1,535,660.64

  Weighted Average Remaining Term to Maturit         118
  Weighted Average Mortgage Rate:            9.32475445%

Aggregate Pool Interest Summary
Component           Current    Shortfall    Delinquent

Gross:              1,790,691.4         0.00  343,425.21
Master 'Servicing:    16,274.22         0.00    2,875.95
Special Servicing:         0.00         0.00    1,305.15
Management:            1,103.86         0.00      219.15
Trustee:               1,435.02         0.00      284.90

Remittance:         1,771,878.3         0.00  338,740.06

                    Total      Rate

Gross:              2,134,116.6  8.06539687%
Master 'Servicing:    19,150.17  0.07237361%
Special Servicing:     1,305.15  0.00493251%
Management:            1,323.01  0.00500001%
Trustee:               1,719.91  0.00650000%

                    2,110,618.4  7.97659075%

Less:
Prepayment Interest Shortfall not advanced b        0.00
Interest on Advances:                               0.00
Plus: Prepayment Premiums:                          0.00
Net Remittance:                             2,110,618.45


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2
Other Related Information

Statement Date:        10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

                                                                    
Adva
  Prior Outstanding Master Servicer P&I Advances Made:  
 282,876
  Current Outstanding Master Servicer P&I Advances Made: 
399,838
  Recovery of Outstanding Master Servicer P&I Advances M 
249,851
  Total Unreimbursed Master Servicer P&I Advances Outsta 
432,863
  Interest Payable to Master Servicer in Respect of Adva   
    0

  Current Period Accrued Servicing Fees:                
19,150.17
  Less: Delinquent Servicing Fees:                      
2,875.95
  Less: Reductions to Servicing Fees:                   
    0.00
  Plus: Additional Servicing Fees:                      
    0.00

Allocation of Interest and Shortfalls
          Accrued   Beginning
          CertificatUnpaid
   Class  Interest  Interest

    A-1A  216,063.62       0.00
    A-1B  767,372.40       0.00
    A-2   154,506.21       0.00
    B      89,243.22       0.00
    C     110,265.03       0.00
    D     130,470.75       0.00
    E      30,111.55       0.00
    F      92,268.55       0.00
    G      56,166.10       0.00





 Totals:  1,646,467.       0.00

                    Ending
          ExtraordinUnpaid
          Expenses  Interest   Distributable

    A-1A        0.00       0.00   216,063.62
    A-1B        0.00       0.00   767,372.40
    A-2         0.00       0.00   154,506.21
    B           0.00       0.00    89,243.22
    C           0.00       0.00   110,265.03
    D           0.00       0.00   130,470.75
    E           0.00       0.00    30,111.55
    F           0.00       0.00    92,268.55
    G           0.00       0.00    56,166.10





 Totals:        0.00       0.00 1,646,467.43


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2

Asset Backed Facts - Pool Total

Record Date:           10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

DistributiDelinq 1 Month       Delinq 2 Months
Date      #         Balance    #            Balance
  10/20/98         0          0            4     3814202
               0.00%      0.00%        2.06%       1.20%
  09/21/98         5    9881852            1      657892
               2.58%      3.11%        0.52%       0.21%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%

DistributiDelinq 3+  Months    Foreclosure/Bankruptcy
Date      #         Balance    #            Balance
  10/20/98         1     657427            0           0
               0.52%      0.21%        0.00%       0.00%
  09/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%

DistributiREO                  Modifications
Date      #         Balance    #            Balance
  10/20/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  09/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%

DistributiPrepayments          Curr Weighted Avg.
Date      #         Balance    Coupon       Remit
  10/20/98         0          0  8.06539687% 7.97659076%
               0.00%      0.00%
  09/21/98         0          0  8.33349853% 8.24174450%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%

Note:  Effective with the October 1998 Distribution,
 Foreclosure, Bankur


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2

Statement Date:        10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

Asset Backed Facts - Group 1 Total

DistributiDelinq 1 Month       Delinq 2 Months
Date      #         Balance    #            Balance
  10/20/98         0          0            4     3814202
               0.00%      0.00%        2.44%       1.34%
  09/21/98         5    9881852            1      657892
               3.05%      3.47%        0.61%       0.23%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%

DistributiDelinq 3+  Months    Foreclosure/Bankruptcy
Date      #         Balance    #            Balance
  10/20/98         1     657427            0           0
               0.61%      0.23%        0.00%       0.00%
  09/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%

DistributiREO                  Modifications
Date      #         Balance    #            Balance
  10/20/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  09/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%

DistributiPrepayments          Curr Weighted Avg.
Date      #         Balance    Coupon       Remit
  10/20/98         0          0  7.92092604% 7.83295637%
               0.00%      0.00%
  09/21/98         0          0  8.18492473% 8.09402643%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2

Statement Date:        10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

Asset Backed Facts - Group 2 Total

DistributiDelinq 1 Month       Delinq 2 Months
Date      #         Balance    #            Balance
  10/20/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  09/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%

DistributiDelinq 3+  Months    Foreclosure/Bankruptcy
Date      #         Balance    #            Balance
  10/20/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  09/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%

DistributiREO                  Modifications
Date      #         Balance    #            Balance
  10/20/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  09/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  01/00/00         0          0            0           0
               0.00%      0.00%        0.00%       0.00%

DistributiPrepayments          Curr Weighted Avg.
Date      #         Balance    Coupon       Remit
  10/20/98         0          0  9.32475445% 9.22865704%
               0.00%      0.00%
  09/21/98         0          0  9.62828285% 9.52907134%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%
  01/00/00         0          0  0.00000000% 0.00000000%
               0.00%      0.00%

Note:  Effective with the October 1998 Distribution,
 Foreclosure, Bankur


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2

Statement   10/20/98
Payment Da  10/20/98
Prior Paym  09/21/98
Record Dat  09/30/98

Delinquent Loan Detail

                    Paid                    Outstanding
Disclosure Doc      Thru       Current P&I  P&I
Control #           Date       Advance      Advances**

       161             09/01/98     5,105.65    5,105.65
        48             09/01/98    20,888.33   20,888.33
        82             09/01/98    11,814.41   11,814.41
        44             09/01/98    21,598.89   21,598.89
       113             09/01/98     7,778.43    7,778.43
        77             09/01/98    11,006.67   11,006.67
        33             06/01/98     5,139.03   10,276.20
        29             07/01/98     9,790.46   19,577.40
        30             07/01/98     7,786.40   15,569.99
        31             07/01/98     6,807.26   13,612.06
        32             07/01/98     5,431.01   10,860.07
        75             09/01/98    11,005.22   11,005.22
        34             09/01/98    39,199.41   39,199.41
        69             09/01/98    17,678.60   17,678.60
       130             09/01/98     6,375.10    6,375.10
         8             09/01/98    35,242.88   35,242.88
        11             09/01/98     6,658.96    6,658.96
        10             09/01/98    21,239.19   21,239.19
         9             09/01/98    25,114.60   25,114.60
        41             09/01/98    24,037.57   24,037.57
       190             09/01/98     2,928.90    2,928.90
       158             09/01/98     4,999.53    4,999.53
        81             09/01/98    12,783.47   12,783.47
        46             09/01/98    19,527.79   19,527.79
        55             09/01/98    15,641.55   15,641.55
        23             09/01/98    44,259.01   44,259.01


Total                             399,838.32  434,779.88

Out. Property       Special
ProtectionAdvance   Servicer   Foreclosure  Bankruptcy  REO
Advances  DescriptioTransfer DaDate         Date        Date

      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00         3   09/01/98
      0.00         2   09/01/98
      0.00         2   09/01/98
      0.00         2   09/01/98
      0.00         2   09/01/98
      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00 B
      0.00 B


      0.00

A.  P&I Advance - Loan in Grace Period
B.  P&I Advance - Late Payment but < one month delinq
2.  P&I Advance - Loan delinquent 2 months
3.  P&I Advance - Loan delinquent 3 months or More
         0
         0
**  Outstanding P&I Advances include the current period 
P&I Advance

ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2

Statement Date:        10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

Delinquent Loan Detail

                    Paid                    Outstanding
Disclosure Doc      Thru       Current P&I  P&I
Control #           Date       Advance      Advances**































Out. Property
ProtectionAdvance   Servicer   Foreclosure  Bankruptcy  REO
Advances  DescriptioTransfer DaDate         Date        Date































A.  P&I Advance - Loan in Grace Period
B.  P&I Advance - Late Payment but < one month delinq
2.  P&I Advance - Loan delinquent 2 months
3.  P&I Advance - Loan delinquent 3 months or More
         0
         0
**  Outstanding P&I Advances include the current period
 P&I Advance


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2
Pool Total

Statement Date:        10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

Distribution of Principal Balances
Current  Scheduled             Number        Scheduled  Based on
Balances                       of Loans     Balance     Balance
      0.00to         1000000.00           90 60672125.63  19.21%
1000000.01to         2000000.00           61 87851618.83  27.82%
2000000.01to         3000000.00           15 38286188.16  12.12%
3000000.01to         4000000.00           12 40393140.63  12.79%
4000000.01to         5000000.00            3 12668791.12   4.01%
5000000.01to         6000000.00            6 32198381.51  10.19%
6000000.01to         7000000.00            2 12289403.38   3.89%
7000000.01to         8000000.00            2 14189141.23   4.49%
8000000.01to         9000000.00            2 17279647.65   5.47%
9000000.01to        10000000.00            0        0.00   0.00%
Total                                    193315828438.14 100.00%
                    Average Scheduled Balance is         1627982
                    Maximum  Scheduled Balance is        8959810
                    Minimum  Scheduled Balance is         198229

Distribution of Property Types
                    Number      Scheduled   Based on
Property Types      of Loans   Balance      Balance
Multifamily                  68  75603769.89      23.94%
Retail                       39  70761231.15      22.40%
Office                       31  59419111.98      18.81%
Industrial                   26  48707205.21      15.42%
Mixed Use                    15  37422301.42      11.85%
Lodging                       5  11198432.75       3.55%
Self Storage                  3   4448400.18       1.41%
Other                         3   3590267.71       1.14%
Health Care                   1   3187237.24       1.01%
Mobile Home                   2   1490480.61       0.47%
Total                       193 315828438.14     100.00%

Distribution of Mortgage Interest Rates
 Current Mortgage              Number        Scheduled  Based on
Interest Rate                  of Loans     Balance     Balance
     7.00%or        less                   0        0.00   0.00%
     7.00%to              8.00%           61169663635.52  53.72%
     8.00%to              9.00%           95113003593.48  35.78%
     9.00%to             10.00%           34 32075276.01  10.16%
    10.00%to             11.00%            3  1085933.13   0.34%
Total                                    193315828438.14 100.00%
          Minimum Mortgage Interest Rate is                7.10%
          Maximum Mortgage Interest Rate is               10.38%

Geographic Distribution
                    Number      Scheduled   Based on
Geographic Location of Loans   Balance      Balance
California                   97 157735016.94      49.94%
Ohio                         12  27548202.80       8.72%
Texas                        19  27539531.69       8.72%
Arizona                      25  27465378.33       8.70%
Washington                    3  16635677.88       5.27%
Oregon                        6  15050872.26       4.77%
Wisconsin                     4  12815911.74       4.06%
Nevada                        6   7844844.85       2.48%
Minnesota                     3   4919906.14       1.56%
Connecticut                   5   4471629.40       1.42%
Colorado                      3   3155358.82       1.00%
Utah                          4   3040295.39       0.96%
Florida                       1   2912745.81       0.92%
Nebraska                      2   2392154.10       0.76%
Mississippi                   1   1319065.45       0.42%
Pennsylvania                  1    668351.01       0.21%
Maine                         1    313495.53       0.10%
Total                       193 315828438.14     100.00%


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2

Statement Date:        10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

Pool Total

Loan Seasoning
                    Number      Scheduled   Based on
Number of Years     of Loans   Balance      Balance
1 year or less              192 315084736.69      99.76%
 1+ to 2 years                1    743701.45       0.24%
2+ to 3 years                 0         0.00       0.00%
3+ to 4 years                 0         0.00       0.00%
4+ to 5 years                 0         0.00       0.00%
5+ to 6 years                 0         0.00       0.00%
6+ to 7 years                 0         0.00       0.00%
7+ to 8 years                 0         0.00       0.00%
8+ to 9 years                 0         0.00       0.00%
9+ to 10 years                0         0.00       0.00%
10  years or more             0         0.00       0.00%
Total                       193 315828438.14     100.00%
                    Weighted Average Seasoni      52.58%

Distribution of Remaining Term
Fully Amortizing
Fully Amortizing               Number        Scheduled  Based on
Mortgage Loans                 of Loans     Balance     Balance
         060 months or less                0        0.00   0.00%
         061 to 120 months                 7 17605098.60   5.57%
         0121 to 180 months                0        0.00   0.00%
         0181 to 240 months                0        0.00   0.00%
         0241 to 360 months                0        0.00   0.00%
Total                                      7 17605098.60   5.57%
                                            Weighted Ave  112.57

Distribution of DSCR
          Debt Service         Number        Scheduled  Based on
          Coverage Ratio (1)   of Loans     Balance     Balance
   0.00001or             0.9999            3  7463550.93   2.36%
         1to               1.14            0        0.00   0.00%
    1.1401to               1.24            2  5738138.18   1.82%
    1.2401to               1.34            2  5143228.11   1.63%
    1.3401to               1.49            2  5240445.93   1.66%
    1.4901to               1.74            2  5240446.04   1.66%
    1.7401to                 10            1  1310111.52   0.41%
          Unknown                        181285692517.43  90.46%


Total                                    193315828438.14       1
Weighted Average Debt Service Coverage Ratio is             1.21

Distribution of Amortization Type
                               Number        Scheduled  Based on
Amortization Type              of Loans     Balance     Balance
Fully Amortizing                           7 12977996.58   4.11%
Amortizing Balloon                       186302850441.56  95.89%
Total                                    193315828438.14 100.00%

Distribution of Remaining Term
Balloon Loans
          Balloon              Number        Scheduled  Based on
          Mortgage Loans       of Loans     Balance     Balance
          60 months or less                1  1384291.09   0.44%
          61 to 120 months               177282088656.74  89.32%
          121 to 180 months                4  4963133.18   1.57%
          181 to 240 months                2  8514153.52   2.70%
          241 to 360 months                2  1273105.01   0.40%
Total                                    186298223339.54  94.43%
                    Weighted Average Months to Maturity   117.08

NOI Aging
                               Number        Scheduled  Based on
NOI Date                       of Loans     Balance     Balance
1 year or less                             0        0.00   0.00%
1 to 2 years                               0        0.00   0.00%
2 Years or More                            0        0.00   0.00%
Unknown                                  193315828438.14 100.00%
Total                                    193315828438.14 100.00%


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2

Statement Date:        10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

Loan Group 1

Distribution of Balances
Current  Scheduled             Number        Scheduled  Based on
 Balances                      of Loans     Balance     Balance
         0to         1000000.00           72 50418338.85  17.73%
1000000.01to         2000000.00           52 74782358.88  26.29%
2000000.01to         3000000.00           14 35373442.35  12.44%
3000000.01to         4000000.00           12 40393140.63  14.20%
4000000.01to         5000000.00            3 12668791.12   4.45%
5000000.01to         6000000.00            5 27041710.42   9.51%
6000000.01to         7000000.00            2 12289403.38   4.32%
7000000.01to         8000000.00            2 14189141.23   4.99%
8000000.01to         9000000.00            2 17279647.65   6.08%
9000000.01to        10000000.00            0        0.00   0.00%
Total                                    164284435974.51 100.00%
          Average  Scheduled Balance is       1734365.70
          Maximum  Scheduled Balance is       8959809.89
          Minimum  Scheduled Balance is        397611.42

Distribution of Property Types
                    Number      Scheduled   Based on
Property Types      of Loans   Balance      Balance
Multifamily                  59  68879754.30      24.22%
Retail                       37  67798228.65      23.84%
Office                       27  52118115.31      18.32%
Industrial                   17  39533125.00      13.90%
Mixed Use                    13  35782200.47      12.58%
Lodging                       5  11198432.75       3.94%
Self Storage                  3   4448400.18       1.56%
Health Care                   1   3187237.24       1.12%
Mobile Home                   2   1490480.61       0.52%
Total                       164 284435974.51     100.00%




Distribution of Mortgage Interest Rates
 Current Mortgage              Number        Scheduled  Based on
Interest Rate                  of Loans     Balance     Balance
     7.00%or        less                   0        0.00   0.00%
     7.00%to              9.00%           61169663635.52  59.65%
     8.00%to              9.00%           91105075783.57  36.94%
     9.00%to             10.00%           12  9696555.42   3.41%
    10.00%to             11.00%            0        0.00   0.00%
Total                                    164284435974.51 100.00%
          Minimum Mortgage Interest Rate is                7.10%
          Maximum Mortgage Interest Rate is               10.00%

Geographic Distribution
                    Number      Scheduled   Based on
Geographic Location of Loans   Balance      Balance
California                   79 139800238.04      49.15%
Texas                        18  25903867.53       9.11%
Arizona                      22  24882568.63       8.75%
Ohio                          8  21977097.76       7.73%
Washington                    3  16635677.88       5.85%
Oregon                        6  15050872.26       5.29%
Wisconsin                     4  12815911.74       4.51%
Nevada                        6   7844844.85       2.76%
Minnesota                     3   4919906.14       1.73%
Connecticut                   5   4471629.40       1.57%
Colorado                      3   3155358.82       1.11%
Utah                          3   2598430.90       0.91%
Nebraska                      2   2392154.10       0.84%
Mississippi                   1   1319065.45       0.46%
Pennsylvania                  1    668351.01       0.23%
Total                       164 284435974.51     100.00%


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2

Statement Date:        10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

Loan Group 1

Loan Seasoning
                    Number      Scheduled   Based on
Number of Years     of Loans   Balance      Balance
1 year or less              164 284435974.51     100.00%
 1+ to 2 years                0         0.00       0.00%
2+ to 3 years                 0         0.00       0.00%
3+ to 4 years                 0         0.00       0.00%
4+ to 5 years                 0         0.00       0.00%
5+ to 6 years                 0         0.00       0.00%
6+ to 7 years                 0         0.00       0.00%
7+ to 8 years                 0         0.00       0.00%
8+ to 9 years                 0         0.00       0.00%
9+ to 10 years                0         0.00       0.00%
10  years or more             0         0.00       0.00%
Total                       164 284435974.51     100.00%
                    Weighted Average Seasoni         0.5

Distribution of Amortization Type
                    Number      Scheduled   Based on
Amortization Type   of Loans   Balance      Balance
Fully Amortizing              4  10660688.38       3.75%
Amortizing Balloon          160 273775286.13      96.25%
Total                       164 284435974.51     100.00%

Distribution of Remaining Term
Fully Amortizing
Fully Amortizing               Number        Scheduled  Based on
Mortgage Loans                 of Loans     Balance     Balance
          60 months or less                0        0.00   0.00%
          61 to 120 months                 6 12448427.51   4.38%
          121 to 180 months                0        0.00   0.00%
          181 to 240 months                0        0.00   0.00%
          241 to 360 months                0        0.00   0.00%
Total                                      6 12448427.51   4.38%
                    Weighted Average Months to Maturity      113

Distribution of Remaining Term
Balloon Loans
          Balloon              Number        Scheduled  Based on
          Mortgage Loans       of Loans     Balance     Balance
          60 months or less                0        0.00   0.00%
          61 to 120 months               153259554463.49  91.25%
          121 to 180 months                3  3918929.99   1.38%
          181 to 240 months                2  8514153.52   2.99%
          241 to 360 months                0        0.00   0.00%



Total                                    158271987547.00  95.62%
                                            Weighted Ave     117

Distribution of DSCR
          Debt Servi          0Number        Scheduled  Based on
          Coverage R          0of Loans     Balance     Balance
   0.00001or             0.9999            1  4154637.60   1.46%
         1to               1.14            0        0.00   0.00%
    1.1401to               1.24            1  3757300.85   1.32%
    1.2401to               1.34            2  5143228.11   1.81%
    1.3401to               1.49            2  5240445.93   1.84%
    1.4901to               1.74            2  5240446.04   1.84%
    1.7401to                 10            1  1310111.52   0.46%
          Unknown                        155259589804.46  91.26%
Total                                    164284435974.51 100.00%
Weighted Average Debt Service Coverage Ratio is          130.64%

NOI Aging
                               Number        Scheduled  Based on
NOI Date                       of Loans     Balance     Balance
1 year or less                             0        0.00   0.00%
1 to 2 years                               0        0.00   0.00%
2 Years or More                            0        0.00   0.00%
Unknown                                  164284435974.51 100.00%
Total                                    164284435974.51 100.00%


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2

Statement Date:        10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

Loan Group 2

Distribution of Balances
Current Scheduled              Number       Scheduled   Based on
 Balances                      of Loans     Balance     Balance
         0to         1000000.00           18 10253786.78  32.66%
1000000.01to         2000000.00            9 13069259.95  41.63%
2000000.01to         3000000.00            1  2912745.81   9.28%
3000000.01to         4000000.00            0        0.00   0.00%
4000000.01to         5000000.00            0        0.00   0.00%
5000000.01to         6000000.00            1  5156671.09  16.43%
6000000.01to         7000000.00            0        0.00   0.00%
7000000.01to         8000000.00            0        0.00   0.00%
8000000.01to         9000000.00            0        0.00   0.00%
9000000.01to        10000000.00            0        0.00   0.00%
Total                                     29 31392463.63 100.00%
                    Average Scheduled Balance is         1046415
                    Maximum Scheduled Balance is         5156671
                    Minimum Scheduled Balance is          198229

Distribution of Property Types
                               Number       Scheduled   Based on
Property Types                 of Loans     Balance     Balance
Industrial                              9.00  9174080.21  29.22%
Office                                  4.00  7300996.67  23.26%
Multifamily                             9.00  6724015.59  21.42%
Other                                   3.00  3590267.71  11.44%
Retail                                  2.00  2963002.50   9.44%
Mixed Use                               2.00  1640100.95   5.22%
Total                                  29.00 31392463.63 100.00%

Distribution of Mortgage Interest Rates
 Current Mortgage              Number       Scheduled   Based on
Interest Rate                  of Loans     Balance     Balance
     7.00%or        less                0.00        0.00   0.00%
     7.00%to              8.00%         0.00        0.00   0.00%
     8.00%to              9.00%         4.00  7927809.91  25.25%
     9.00%to             10.00%        22.00 22378720.59  71.29%
    10.00%to             11.00%         3.00  1085933.13   3.46%
Total                                  29.00 31392463.63 100.00%
          Minimum Mortgage Interest Rate is                8.50%
          Maximum Mortgage Interest Rate is               10.38%

Geographic Distribution
                               Number       Scheduled   Based on
Geographic Location            of Loans     Balance     Balance
California                                18 17934778.90  57.13%
Ohio                                       4  5571105.04  17.75%
Florida                                    1  2912745.81   9.28%
Arizona                                    3  2582809.70   8.23%
Texas                                      1  1635664.16   5.21%
Utah                                       1   441864.49   1.41%
Maine                                      1   313495.53   1.00%
Total                                     29 31392463.63 100.00%


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2

Statement Date:        10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

Loan Group 2

Loan Seasoning
                    Number     Scheduled    Based on
Number of Years     of Loans   Balance      Balance
1 year or less               28  30648762.18      97.63%
 1+ to 2 years                1    743701.45       2.37%
2+ to 3 years                 0         0.00       0.00%
3+ to 4 years                 0         0.00       0.00%
4+ to 5 years                 0         0.00       0.00%
5+ to 6 years                 0         0.00       0.00%
6+ to 7 years                 0         0.00       0.00%
7+ to 8 years                 0         0.00       0.00%
8+ to 9 years                 0         0.00       0.00%
9+ to 10 years                0         0.00       0.00%
10  years or more             0         0.00       0.00%
Total                        29  31392463.63     100.00%
                    Weighted Average Seasoni         0.8

Distribution of Amortization Type
                    Number     Scheduled    Based on
Amortization Type   of Loans   Balance      Balance
Fully Amortizing              3   2317308.20       7.38%
Amortizing Balloon           26  29075155.43      92.62%
Total                        29  31392463.63     100.00%

Distribution of Remaining Term
Fully Amortizing
Fully Amortizing               Number       Scheduled   Based on
Mortgage Loans                 of Loans     Balance     Balance
          60 months or less                0        0.00   0.00%
          61 to 120 months                 1  5156671.09  16.43%
          121 to 180 months                0        0.00   0.00%
          181 to 240 months                0        0.00   0.00%
          241 to 360 months                0        0.00   0.00%
Total                                      1  5156671.09  16.43%
                    Weighted Average Months to Maturity      111

Distribution of Remaining Term
Balloon Loans
          Balloon              Number       Scheduled   Based on
          Mortgage Loans       of Loans     Balance     Balance
          60 months or less                1  1384291.09   4.41%
          61 to 120 months                24 22534193.25  71.78%
          121 to 180 months                1  1044203.19   3.33%
          181 to 240 months                0        0.00   0.00%
          241 to 360 months                2  1273105.01   4.06%
Total                                     28 26235792.54  83.57%
                    Weighted Average Months to Maturity      119

Distribution of DSCR
          Debt Service         Number       Scheduled   Based on
          Coverage Ratio (1)   of Loans     Balance     Balance
   0.00001or             0.9999            2  3308913.33  10.54%
         1to               1.14            0        0.00   0.00%
    1.1401to               1.24            1  1980837.33   6.31%
    1.2401to               1.34            0        0.00   0.00%
    1.3401to               1.49            0        0.00   0.00%
    1.4901to               1.74            0        0.00   0.00%
    1.7401to                 10            0        0.00   0.00%
          Unknown                         26 26102712.97  83.15%








Total                                     
29 31392463.63 100.00%
Weighted Average Debt Service Coverage Ratio is
  0.748033

NOI Aging
                    Number     Scheduled    Based on
NOI Date            of Loans   Balance      Balance
1 year or less                0         0.00       0.00%
1 to 2 years                  0         0.00       0.00%
2 Years or More               0         0.00       0.00%
Unknown                      29  31392463.63     100.00%
Total                        29  31392463.63     100.00%


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2

Statement Date:        10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

Loan Group 2

Distribution of Maximum Rates
                               Number       Scheduled   Based on
Maximum Rates                  of Loans     Balance     Balance
     4.50%to             14.00%            0        0.00       0
    14.00%to             14.50%            1   993481.69   3.16%
    14.50%to             15.00%            2  6484009.43  20.65%
    15.00%to             15.50%           15 17966917.77  57.23%
    15.50%to             16.00%            8  4862121.61  15.49%
    16.00%to             16.50%            3  1085933.13   3.46%
Total                                     29 31392463.63 100.00%
                                            Weighted Ave  15.35%

Distribution of Payment Adjustment
Payment Adjustment             Number       Scheduled   Based on
Frequency                      Loans        Balance     Balance
Six Month                                 29 31392463.63 100.00%

Total                                     29 31392463.63 100.00%

Distribution of Indices of Mortgage Loans
                               Number       Scheduled   Based on
Indices                        of Loans     Balance     Balance
6 Month LIBOR                             29 31392463.63 100.00%

Total                                     29 31392463.63 100.00%

Distribution of Mortgage Loan Margins
                               Number       Scheduled   Based on
 Mortgage Loan Margins         Loans        Balance     Balance
     2.60%to              3.00%            2  6484009.43  20.65%
     3.00%to              3.50%           13 15880934.82  50.59%
     3.50%to              4.00%           11  7941586.25  25.30%
     4.00%to              4.50%            3  1085933.13   3.46%
Total                                     29 31392463.63 100.00%
                                            Weighted Ave   3.47%

Distribution of Minimum Rates
                               Number       Scheduled   Based on
Minimum Rates (1)              of Loans     Balance     Balance
     8.00%to              8.50%            2  1737183.14   5.53%
     8.50%to              9.00%            2  6484009.43  20.65%
     9.00%to              9.50%           15 17966917.77  57.23%
     9.50%to             10.00%            7  4118420.16  13.12%
    10.00%to             10.50%            3  1085933.13   3.46%
Total                                     29 31392463.63 100.00%
                                            Weighted Ave   9.31%

Distribution of Interest Adjustment
Interest Adjustment            Number       Scheduled   Based on
Frequency                      Loans        Balance     Balance
Six Month                                 29 31392463.63 100.00%

Total                                     29 31392463.63 100.00%


ABN AMRO
LaSalle National Bank

Administrator:
  Thomas Baumgart  (800) 246-5761
  135 S. LaSalle Street   Suite 1625
  Chicago, IL   60674-4107

IMPAC CMB TRUST 1998-C1, as Issuer
Midland Loan Services, Inc., as Master Servicer
Collateralized Mortgage Bonds
Series 1998-C1

ABN AMRO Acct: 67-7991-00-2


Statement Date:        10/20/98
Payment Date:          10/20/98
Prior Payment:         09/21/98
Record Date:           09/30/98

Loan Level Detail

                    Property                            Operating
Disclosure          Type       Maturity                 Statement
Control # Group     Code       Date         DSCR        Date    State

         1IMP9801A  Office          11/01/07        0.6012/31/97OH
         2IMP9801A  Office          11/01/07        1.2112/31/97OH
         3IMP9801A  Retail          11/01/07        1.4512/31/97OH
         4IMP9801A  Office          11/01/07        1.5812/31/97OH
         5IMP9801A  Office          11/01/07        1.3412/31/97OH
         6IMP9801A  Office          11/01/07        1.4412/31/97OH
         7IMP9801A  Retail          11/01/07        2.0012/31/97OH
         8IMP9801A  Industrial      06/01/08                    WI
         9IMP9801A  Mixed Use       06/01/08                    WI
        10IMP9801A  Office          06/01/08                    WI
        11IMP9801A  Industrial      06/01/08                    WI
        12IMP9801B  Industrial      11/01/07        0.4212/31/97FL
        13IMP9801B  Industrial      11/01/07        1.2112/31/97OH
        14IMP9801B  Other           11/01/07                    OH
        15IMP9801B  Other           11/01/07                    OH
        16IMP9801B  Industrial      11/01/07        1.0612/31/97FL
        17IMP9801B  Other           11/01/07        0.8512/31/97OH
        18IMP9801A  Mixed Use       04/01/08                    WA
        19IMP9801A  Retail          12/01/07                    CA
        20IMP9801A  Mixed Use       04/01/08                    CA
        21IMP9801A  Industrial      01/01/08                    CA
        22IMP9801A  Multifamily     06/01/08                    CA
        23IMP9801A  Retail          04/01/08                    WA
        24IMP9801A  Mixed Use       06/01/08                    CA
        25IMP9801A  Retail          04/01/08                    CA
        26IMP9801A  Lodging         06/01/08                    AZ
        27IMP9801B  Office          01/01/08                    CA
        28IMP9801A  Office          04/01/08                    CA
        29IMP9801A  Multifamily     03/01/08                    CT
        30IMP9801A  Multifamily     03/01/08                    CT
        31IMP9801A  Multifamily     03/01/08                    CT
        32IMP9801A  Multifamily     03/01/08                    CT
        33IMP9801A  Multifamily     03/01/08                    CT
        34IMP9801A  Multifamily     04/01/15                    CA
        35IMP9801A  Office          01/01/18                    TX
        36IMP9801A  Office          03/01/08                    TX
        37IMP9801A  Multifamily     03/01/08                    OR
        38IMP9801A  Industrial      01/01/08                    CA
        39IMP9801A  Retail          06/01/08                    CA
        40IMP9801A  Retail          01/01/08                    OR
        41IMP9801A  Health Care     06/01/08                    TX
        42IMP9801A  Retail          04/01/08                    MN
        43IMP9801A  Industrial      01/01/08                    CA
        44IMP9801A  Industrial      01/01/08                    CA
        45IMP9801A  Office          02/01/08        1.2812/31/97CA
        46IMP9801A  Multifamily     12/01/07                    OR
        47IMP9801A  Office          11/01/07        1.6612/31/97OH
        48IMP9801A  Self Storag     12/01/07                    NV
        49IMP9801A  Industrial      04/01/08                    OR
        50IMP9801A  Multifamily     04/01/08                    CA
        51IMP9801A  Multifamily     12/01/07                    CA
        52IMP9801A  Industrial      01/01/08                    CA
        53IMP9801A  Office          05/01/08                    CA
        54IMP9801A  Retail          04/01/08                    CA
        55IMP9801A  Multifamily     04/01/08                    OR
        56IMP9801A  Industrial      06/01/08                    CA
        57IMP9801A  Industrial      06/01/08                    TX
        58IMP9801A  Retail          12/01/07                    CA
        59IMP9801A  Retail          06/01/08                    CA
        60IMP9801A  Industrial      06/01/08                    CA
        61IMP9801A  Mixed Use       01/01/08                    CA
        62IMP9801A  Retail          04/01/08                    AZ
        63IMP9801A  Retail          06/01/08                    TX
        64IMP9801A  Retail          05/01/13                    TX
        65IMP9801A  Industrial      06/01/08                    CA
        66IMP9801A  Lodging         06/01/08                    NE
        67IMP9801A  Multifamily     01/01/08                    NV
        68IMP9801A  Retail          02/01/08                    CA
        69IMP9801A  Lodging         05/01/13                    AZ
        70IMP9801A  Lodging         04/01/08                    CO
        71IMP9801B  Retail          01/01/08                    TX
        72IMP9801A  Mixed Use       03/01/08                    WA
        73IMP9801A  Mixed Use       01/01/08                    CA
        74IMP9801A  Multifamily     04/01/08                    AZ
        75IMP9801A  Multifamily     04/01/08                    CA
        76IMP9801A  Retail          03/01/08                    CA
        77IMP9801A  Multifamily     03/01/08                    AZ
        78IMP9801A  Office          11/01/07                    CA
        79IMP9801A  Retail          03/01/08                    CA
        80IMP9801A  Office          06/01/08                    TX
        81IMP9801B  Industrial      06/01/08                    CA
        82IMP9801A  Industrial      01/01/08                    CA
        83IMP9801B  Industrial      09/01/02                    CA
        84IMP9801A  Retail          03/01/08                    CA
        85IMP9801A  Office          03/01/08                    CA
        86IMP9801A  Office          11/01/07                    CA
        87IMP9801B  Retail          12/01/07                    CA
        88IMP9801A  Multifamily     03/01/08                    MS
        89IMP9801A  Multifamily     06/01/08                    CA
        90IMP9801A  Office          11/01/07                    CA
        91IMP9801A  Multifamily     04/01/08                    CA
        92IMP9801A  Retail          04/01/08                    CA
        93IMP9801A  Office          04/01/08                    CA
        94IMP9801A  Retail          06/01/08                    UT
        95IMP9801A  Retail          01/01/08                    AZ
        96IMP9801A  Retail          12/01/07                    CA
        97IMP9801A  Multifamily     01/01/08                    AZ
        98IMP9801A  Mixed Use       06/01/08                    CA
        99IMP9801A  Multifamily     10/01/07                    AZ
       100IMP9801A  Retail          04/01/08                    MN
       101IMP9801A  Multifamily     01/01/08                    CA
       102IMP9801A  Multifamily     01/01/08                    NV
       103IMP9801A  Retail          04/01/08                    CA
       104IMP9801A  Multifamily     02/01/08                    TX
       105IMP9801B  Office          09/01/09                    CA
       106IMP9801A  Multifamily     02/01/08                    NV
       107IMP9801B  Multifamily     01/01/08                    CA
       108IMP9801A  Multifamily     04/01/08                    AZ
       109IMP9801A  Multifamily     05/01/08                    CA
       110IMP9801A  Multifamily     01/01/08                    CA
       111IMP9801B  Multifamily     12/01/07                    AZ
       112IMP9801B  Mixed Use       11/01/07                    CA
       113IMP9801A  Self Storag     01/01/08                    CA
       114IMP9801A  Mixed Use       06/01/08                    CA
       115IMP9801B  Multifamily     10/01/07                    CA
       116IMP9801A  Multifamily     06/01/08                    CA
       117IMP9801A  Retail          06/01/08                    TX
       118IMP9801A  Multifamily     05/01/08                    AZ
       119IMP9801A  Industrial      04/01/08                    CA
       120IMP9801A  Mixed Use       02/01/08                    CA
       121IMP9801A  Multifamily     03/01/08                    TX
       122IMP9801A  Multifamily     11/01/07                    AZ
       123IMP9801A  Multifamily     11/01/07                    NV
       124IMP9801A  Retail          03/01/08                    CO
       125IMP9801A  Multifamily     05/01/08                    CA
       126IMP9801B  Multifamily     12/01/27                    AZ
       127IMP9801A  Office          06/01/08                    CA
       128IMP9801A  Multifamily     05/01/08                    CA
       129IMP9801A  Self Storag     02/01/08                    CA
       130IMP9801A  Multifamily     06/01/08                    TX
       131IMP9801A  Retail          06/01/08                    CA
       132IMP9801A  Mixed Use       03/01/08                    CA
       133IMP9801A  Industrial      03/01/08                    CA
       134IMP9801B  Multifamily     04/01/08                    CA
       135IMP9801A  Retail          01/01/08                    CA
       136IMP9801A  Multifamily     02/01/08                    AZ
       137IMP9801B  Office          12/01/07                    CA
       138IMP9801A  Retail          02/01/08                    UT
       139IMP9801A  Retail          10/01/07                    CA
       140IMP9801A  Mobile Home     05/01/08                    OR
       141IMP9801A  Mobile Home     03/01/08                    CA
       142IMP9801B  Multifamily     06/30/07                    AZ
       143IMP9801A  Office          05/01/08                    TX
       144IMP9801A  Lodging         01/01/08                    CA
       145IMP9801A  Multifamily     06/01/08                    AZ
       146IMP9801A  Multifamily     03/01/08                    TX
       147IMP9801A  Multifamily     04/01/08                    CA
       148IMP9801A  Industrial      05/01/08                    CA
       149IMP9801A  Industrial      11/01/07                    CA
       150IMP9801A  Multifamily     04/01/08                    CA
       151IMP9801A  Office          12/01/07                    PA
       152IMP9801A  Retail          04/01/08                    MN
       153IMP9801A  Multifamily     06/01/08                    AZ
       154IMP9801A  Office          06/01/08                    CO
       155IMP9801A  Office          06/01/08                    NE
       156IMP9801A  Multifamily     05/01/08                    CA
       157IMP9801A  Multifamily     05/01/08                    TX
       158IMP9801B  Mixed Use       02/01/08                    CA
       159IMP9801A  Multifamily     06/01/08                    AZ
       160IMP9801A  Retail          04/01/08                    CA
       161IMP9801A  Multifamily     11/01/07                    UT
       162IMP9801A  Multifamily     04/01/08                    AZ
       163IMP9801A  Retail          06/01/08                    CA
       164IMP9801A  Mixed Use       12/01/07                    CA
       165IMP9801A  Retail          11/01/07                    CA
       166IMP9801A  Retail          04/01/08                    TX
       167IMP9801A  Mixed Use       02/01/08                    CA
       168IMP9801A  Multifamily     12/01/07                    AZ
       169IMP9801A  Multifamily     05/01/08                    AZ
       170IMP9801A  Office          03/01/08                    CA
       171IMP9801A  Multifamily     10/01/07                    AZ
       172IMP9801A  Office          06/01/08                    CA
       173IMP9801A  Retail          10/01/07                    TX
       174IMP9801A  Multifamily     03/01/08                    AZ
       175IMP9801A  Multifamily     06/01/08                    AZ
       176IMP9801B  Multifamily     01/01/08                    CA
       177IMP9801A  Office          03/01/08                    CA
       178IMP9801A  Multifamily     05/01/08                    TX
       179IMP9801A  Multifamily     11/01/07                    NV
       180IMP9801A  Multifamily     01/01/13                    CA
       181IMP9801A  Multifamily     03/01/08                    AZ
       182IMP9801A  Multifamily     06/01/08                    TX
       183IMP9801A  Retail          10/01/07                    CA
       184IMP9801B  Industrial      01/01/08                    UT
       185IMP9801A  Multifamily     02/01/08                    CA
       186IMP9801B  Multifamily     11/01/27                    CA
       187IMP9801A  Office          03/01/08                    CA
       188IMP9801B  Multifamily     12/01/07                    CA
       189IMP9801A  Multifamily     02/01/08                    CA
       190IMP9801B  Industrial      11/01/07                    CA
       191IMP9801B  Office          11/01/07                    ME
       192IMP9801B  Industrial      10/01/07                    CA
       193IMP9801B  Industrial      10/01/07                    CA
       194IMP9801B  Industrial      10/01/07                    CA


          Ending                                                Loan
DisclosurePrincipal Note       Scheduled                PrepaymeStatus
Control # Balance   Rate       P&I          Prepayment  Date    Code (1)

         14154637.60     8.625%     34526.36           0
         23757300.85     8.375%     30586.22           0
         33262919.14     8.375%     26561.72           0
         42471908.51     8.375%     20122.51           0
         52274155.82     8.375%     18512.71           0
         61977526.79     8.375%     16098.01           0
         71310111.52     8.375%     10664.93           0
         85115393.89     7.384%     35456.19           0         B
         93645304.06     7.384%     25266.60           0         B
        103082800.24     7.384%     21367.73           0         B
        11 972413.55     7.384%      6740.06           0         B
        122912745.81     9.375%     31342.10           0
        131980837.33     9.375%     17486.97           0
        141807514.06     9.375%     15956.86           0
        151386586.13     9.375%     12240.88           0
        16      0.00     9.375%      9737.55     124640709/01/98
        17 396167.52     9.375%      3497.39           0
        188959809.89     7.375%     62827.71           0
        198319837.76     7.440%     58896.85           0
        207167914.26     7.385%     50312.17           0
        217021226.97     7.500%     49956.23           0
        226232322.39     7.125%     42107.41           0
        236057080.99     7.250%     44511.72           0         B
        245924157.39     7.875%     43552.12           0
        255562178.56     7.500%     41786.74           0
        265417246.29     7.500%     40201.12           0
        275156671.09     9.000%     44097.19           0
        285022734.29     7.750%     37627.70           0
        291252478.19     8.625%      9894.91           0               6
        30 996101.54     8.625%      7869.47           0               6
        31 870841.80     8.625%      6879.88           0               6
        32 694780.85     8.625%      5488.95           0               6
        33 657427.02     8.625%      5193.85           0               6
        344434212.93     7.500%     39384.65           0         B
        354079940.59     7.380%     33394.96           0
        363730263.48     7.250%     25856.37           0
        373580448.56     7.101%     24452.38           0
        383375892.13     7.356%     23683.75           0
        393291226.05     7.375%     22792.28           0
        403228626.07     7.750%     23533.44           0
        413187237.24     7.750%     24170.52           0         B
        423163364.55     7.750%     24288.81           0
        433087758.26     7.625%     23533.78           0
        442980270.26     7.750%     21723.17           0         B
        452869072.29     7.750%     20887.90           0
        462827402.36     7.250%     19645.71           0         B
        472768537.53     8.375%     22537.21           0
        482636874.19     8.125%     20998.33           0         B
        492508746.84     7.375%     17591.75           0
        502489939.99     7.875%     18328.25           0
        512465030.49     8.625%     19510.23           0
        522324238.26     7.625%     16738.72           0
        532312734.39     7.750%     17737.70           0
        542285093.73     7.750%     17545.31           0
        552159437.69     7.151%     15731.64           0         B
        561994530.70     7.262%     13659.81           0
        571994380.44     7.152%     13510.84           0
        581937310.25     8.250%     14813.99           0
        591920931.63     7.500%     14255.14           0
        601842078.15     7.375%     13521.27           0
        611828269.61     8.875%     14791.72           0
        621818394.94     8.375%     14030.45           0
        631792471.16     7.500%     13301.85           0
        641772395.13     7.625%     13446.38           0
        651772554.87     7.500%     13154.04           0
        661744279.02     8.750%     14387.51           0
        671714940.28     8.375%     13257.64           0
        681690952.19     8.375%     13063.77           0
        691659305.04     9.625%     17817.25           0         B
        701640162.38     8.250%     13143.73           0
        711635664.16     9.500%     15584.66           0
        721618787.00     7.625%     12309.17           0
        731595836.61     7.625%     12162.89           0
        741494855.14     8.625%     11802.63           0
        751494120.87     8.000%     11129.83           0         B
        761493463.40     8.125%     11264.70           0
        771493281.57     8.000%     11131.21           0         B
        781490350.56     8.875%     12071.99           0
        791475475.41     8.625%     11656.65           0
        801459615.66     8.500%     11245.36           0
        811458535.18     9.625%     12905.12           0         B
        821442687.05     9.125%     11934.71           0         B
        831384291.09     9.125%     12007.03           0
        841366008.97     7.750%      9942.34           0
        851341500.94     8.750%     11218.98           0
        861341527.14     9.000%     10988.17           0
        871327338.34     8.875%     10745.21           0
        881319065.45     8.000%      9832.56           0
        891317013.67     8.000%      9685.69           0
        901159540.93     8.625%     10226.07      130000
        911275242.15     8.250%      9725.70           0
        921270626.83     8.625%     10032.24           0
        931245353.64     8.250%      9497.76           0
        941197548.87     8.375%      9120.87           0
        951192645.83     8.125%      9009.13           0
        961191789.11     8.375%      9223.91           0
        971143293.48     8.375%      8838.43           0
        981122781.27     8.500%      8650.28           0
        991117109.23     8.750%      8948.21           0
       1001092870.89     7.750%      8391.24           0
       1011093428.55     8.250%      8355.53           0
       1021063607.80     8.250%      8127.65           0
       1031056451.95     8.125%      7963.14           0
       1041054092.54     8.125%      7956.03           0
       1051044203.19     9.375%     12834.33           0
       1061044148.28     8.125%      7880.97           0
       1071044290.47     9.375%      8823.47           0
       1081036134.25     8.250%      7902.13           0
       1091017053.35     8.375%      7842.48           0
       1101001978.20     8.250%      7656.70           0
       111 994074.63     9.625%      8587.69           0
       112 993481.69     9.250%      8311.77           0
       113 977745.62     8.250%      7860.00           0         B
       114 973008.48     8.375%      7410.70           0
       115 964580.68     9.375%      8517.40           0
       116 943574.32     8.250%      7466.62           0
       117 928100.40     8.375%      7068.67           0
       118 926909.24     7.750%      6736.72           0
       119 921469.18     8.125%      6945.69           0
       120 900071.24     8.250%      6873.42           0
       121 895968.91     8.000%      6678.73           0
       122 894834.86     8.875%      7243.96           0
       123 888490.81     8.250%      6798.57           0
       124 859137.64     8.625%      6787.41           0
       125 858328.43     8.250%      6871.28           0
       126 845033.62     9.375%      7144.47           0
       127 841872.02     8.625%      6948.13           0
       128 837435.20     8.125%      6307.45           0
       129 833780.37     9.125%      7195.70           0
       130 822937.21     8.125%      6443.75           0         B
       131 822232.85     8.625%      6712.76           0
       132 821598.49     8.375%      6343.35           0
       133 809402.64     8.250%      6493.03           0
       134 797181.22     8.500%      6222.39           0
       135 796426.75     9.750%      6955.31           0
       136 790360.53     7.875%      5826.00           0
       137 786626.86     9.375%      6650.66           0
       138 764005.50     8.500%      5970.86           0
       139 753436.79     9.375%      6657.39           0
       140 746210.74     8.000%      5847.87           0
       141 744269.87     7.625%      5659.39           0
       142 743701.45     9.625%      6369.82           0
       143 740354.98     8.375%      5708.87           0
       144 737440.02     9.375%      6235.68           0
       145 728403.00     8.125%      5420.23           0
       146 699836.92     7.875%      5437.77           0
       147 696331.83     8.125%      5248.69           0
       148 696150.34     8.750%      5556.11           0
       149 673931.47     8.875%      5715.99           0
       150 672354.36     8.000%      5008.43           0
       151 668351.01     9.125%      5843.11           0
       152 663670.70     7.750%      5095.77           0
       153 663545.19     8.125%      4937.61           0
       154 656058.80     8.500%      5727.63           0
       155 647875.08     8.750%      5343.93           0
       156 647779.63     7.625%      4651.36           0
       157 647779.58     7.625%      4651.37           0
       158 646619.26     8.500%      5053.46           0         B
       159 638646.77     8.250%      4808.11           0
       160 637621.07     8.250%      4862.85           0
       161 636876.53     8.875%      5158.76           0         B
       162 632639.65     8.250%      4824.86           0
       163 624176.96     8.125%      4887.42           0
       164 619178.84     8.875%      5246.51           0
       165 619130.89     9.500%      5519.87           0
       166 610615.99     9.125%      5043.05           0
       167 605483.33     9.125%      5225.45           0
       168 596556.54     8.875%      4829.31           0
       169 590688.70     8.125%      4449.44           0
       170 586285.66     8.750%      4903.10           0
       171 541522.83     8.875%      4386.53           0
       172 524105.23     9.000%      4224.27           0
       173 522843.05    10.000%      4607.25           0
       174 519661.99     8.000%      3873.66           0
       175 508568.32     7.625%      3649.10           0
       176 507664.94    10.250%      4619.51           0
       177 503808.20     8.750%      4213.34           0
       178 497528.23     8.125%      3940.87           0
       179 496783.49     8.875%      4024.00           0
       180 487229.82     8.500%      4959.10           0
       181 477965.24     8.250%      3647.60           0
       182 467506.02     8.625%      4687.58           0
       183 447055.13     9.125%      3704.53           0
       184 441864.49    10.000%      3938.01           0
       185 435310.11     8.750%      3644.02           0
       186 428071.39     9.625%      3699.34           0
       187 409903.08     8.750%      3428.02           0
       188 399417.19     9.750%      3625.89           0
       189 397611.42     7.750%      2896.06           0
       190 334576.37     9.375%      2956.81           0         B
       191 313495.53    10.375%      2887.03           0
       192 264772.66    10.125%      2387.93           0
       193 198228.64     9.875%      1819.95           0
       194 198228.64     9.875%      1819.95           0









           315828438                             1376407

(1)   LegeA.  P&I Adv -  in Grace Period
          B.  P&I Adv -  < one month delinq
          1.  P&I Adv -  delinquent 1 month
          2.  P&I Adv -  delinquent 2 months
          3.  P&I Adv -  delinquent 3+ months
          4.  Mat. Balloon/Assumed  P&I
          5. Prepaid in Full
          6. Specially  Serviced
          7. Foreclosure
          8. Bankruptcy
          9. REO
          10. DPO
          11. Modification




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