IMH ASSETS CORP IMPAC CMB TRUST 1998 C1 COL MOR BOND 1998 C1
8-K, 1998-12-29
MORTGAGE BANKERS & LOAN CORRESPONDENTS
Previous: EPIC CAPITAL CORP, 10-Q, 1998-12-29
Next: MARKETWATCH COM INC, 424A, 1998-12-29




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:  September 21,1998
(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 
Servicing Agreement, the Trustee is filing this Current 
Report containing the December 21, 1998 monthly distribution 
report.

		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

Exhibits
		  
Exhibit No.	Description

99.1		Monthly distribution report pursuant to
		Section 4.1 of the Pooling and Servicing
Agreement for the distribution on 
December 21, 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 undersigned thereunto duly
 authorized.

LASALLE NATIONAL BANK, IN ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND SERVICING AGREEMENT ON 
BEHALF OF IMPAC CMB Trust, REGISTRANT

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



Date: December 29, 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       12/21/98
Payment Date:        12/21/98
Prior Payment:       11/20/98
Record Date:         11/30/98

WAC:              8.06094660%
WAMM:                     115

                                          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 following 
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       12/21/98
Payment Date:        12/21/98
Prior Payment:       11/20/98
Record Date:         11/30/98

WAC:              8.06094660%
WAMM:                     115

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

A-1A            43,000,000.00               42,156,628.74
45254NAP2      1,000.00000000                980.38671488
A-1B           140,373,000.00              140,373,000.00
45254NAQ0      1,000.00000000              1,000.00000000
A-2             32,710,000.00               31,362,184.49
45254NAR8      1,000.00000000                958.79500122
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              315,579,065.23

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

  4,749,612.59           0.00                        0.00
  110.45610674     0.00000000                  0.00000000
          0.00           0.00                        0.00
    0.00000000     0.00000000                  0.00000000
     39,026.29           0.00                        0.00
    1.19309966     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

  4,788,638.88           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)

 37,407,016.15     212,890.98         0.00    6.06000000%
  869.93060814     4.95095302   0.00000000    6.06000000%
140,373,000.00     767,372.40         0.00    6.56000000%
1,000.00000000     5.46666667   0.00000000    6.56000000%
 31,323,158.20     144,239.16         0.00    5.34094000%
  957.60190156     4.40963497   0.00000000    5.26234000%
 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     468,836.01         0.00
1,000.00000000    39.34094957   0.00000000

310,790,426.35   2,101,863.75         0.00
Total P&I Paym   6,890,502.63

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:        12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

Respective Pool Summary Information
                                            Fixed Rate
  Component                                 Sub-Pool


  Beginning Loan Count:                              164
  Ending Loan Count:                                 159

  Principal Balance Prior to Current Distrib 284,216,818
  Principal Balance Subsequent to Current Di 279,467,206
  Available Distribution Amount:            6,610,069.84

  Weighted Average Remaining Term to Maturit         115
  Weighted Average Mortgage Rate:            7.92065423%

                                            Adjustable Rate
                                            Sub-Pool


  Beginning Loan Count:                               29
  Ending Loan Count:                                  29

  Principal Balance Prior to Current Distrib31,362,247.23
  Principal Balance Subsequent to Current Di31,323,220.94
  Available Distribution Amount:              280,432.77

  Weighted Average Remaining Term to Maturit         116
  Weighted Average Mortgage Rate:            9.33233029%

Aggregate Pool Interest Summary
Component           Current    Shortfall    Delinquent

Gross:              1,823,095.6         8.38  296,784.33
Master 'Servicing:    16,452.57         0.09    2,549.74
Special Servicing:         0.00         0.00        0.00
Management:            1,130.40         0.00      184.51
Trustee:               1,469.52         0.01      239.86

Remittance:         1,804,043.1         8.28  293,810.21

                    Total      Rate

Gross:              2,119,888.3  8.06094660%
Master 'Servicing:    19,002.40  0.07225726%
Special Servicing:         0.00  0.00000000%
Management:            1,314.91  0.00499999%
Trustee:               1,709.39  0.00650001%

                    2,097,861.6  7.97718933%

Less:
Prepayment Interest Shortfall not advanced b        0.00
Interest on Advances:                               0.00
Plus: Prepayment Premiums:                          0.00
Net Remittance:                             2,097,861.63


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:        12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

  Adva
  Prior Outstanding Master Servicer P&I Advances Made:   403,463
  Current Outstanding Master Servicer P&I Advances Made: 339,162
  Recovery of Outstanding Master Servicer P&I Advances M 403,463
  Total Unreimbursed Master Servicer P&I Advances Outsta 339,162
  Interest Payable to Master Servicer in Respect of Adva       0

  Current Period Accrued Servicing Fees:                19,002.40
  Less: Delinquent Servicing Fees:                      2,549.74
  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  212,890.98       0.00
    A-1B  767,372.40       0.00
    A-2   144,239.16       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:  1,633,027.       0.00

                    Ending
          ExtraordinUnpaid
          Expenses  Interest   Distributable

    A-1A        0.00       0.00   212,890.98
    A-1B        0.00       0.00   767,372.40
    A-2         0.00       0.00   144,239.16
    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 1,633,027.74


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:           12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

DistributiDelinq 1 Month       Delinq 2 Months
Date      #         Balance    #            Balance
  12/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  11/20/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  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%

DistributiDelinq 3+  Months    Foreclosure/Bankruptcy
Date      #         Balance    #            Balance
  12/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  11/20/98         5    4469514            0           0
               2.59%      1.42%        0.00%       0.00%
  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%

DistributiREO                  Modifications
Date      #         Balance    #            Balance
  12/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  11/20/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  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%

DistributiPrepayments          Curr Weighted Avg.
Date      #         Balance    Coupon       Remit
  12/21/98         5    4466311  8.06094660% 7.97718933%
               2.59%      1.42%
  11/20/98         0          0  8.33051316% 8.23885425%
               0.00%      0.00%
  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%

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:        12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

Asset Backed Facts - Group 1 Total

DistributiDelinq 1 Month       Delinq 2 Months
Date      #         Balance    #            Balance
  12/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  11/20/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  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%

DistributiDelinq 3+  Months    Foreclosure/Bankruptcy
Date      #         Balance    #            Balance
  12/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  11/20/98         5    4469514            0           0
               3.05%      1.57%        0.00%       0.00%
  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%

DistributiREO                  Modifications
Date      #         Balance    #            Balance
  12/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  11/20/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  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%

DistributiPrepayments          Curr Weighted Avg.
Date      #         Balance    Coupon       Remit
  12/21/98         5    4466311  7.92065423% 7.83819258%
               3.05%      1.57%
  11/20/98         0          0  8.18464677% 8.09375256%
               0.00%      0.00%
  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%


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:        12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

Asset Backed Facts - Group 2 Total

DistributiDelinq 1 Month       Delinq 2 Months
Date      #         Balance    #            Balance
  12/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  11/20/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  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%

DistributiDelinq 3+  Months    Foreclosure/Bankruptcy
Date      #         Balance    #            Balance
  12/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  11/20/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  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%

DistributiREO                  Modifications
Date      #         Balance    #            Balance
  12/21/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  11/20/98         0          0            0           0
               0.00%      0.00%        0.00%       0.00%
  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%

DistributiPrepayments          Curr Weighted Avg.
Date      #         Balance    Coupon       Remit
  12/21/98         0          0  9.33233029% 9.23683169%
               0.00%      0.00%
  11/20/98         0          0  9.65215680% 9.55356920%
               0.00%      0.00%
  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%

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   12/21/98
Payment Da  12/21/98
Prior Paym  11/20/98
Record Dat  11/30/98

Delinquent Loan Detail

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

       179             11/01/98     3,982.62    3,982.62
       123             11/01/98     6,724.57    6,724.57
       101             11/01/98     8,264.46    8,264.46
        82             11/01/98    11,814.54   11,814.54
       102             11/01/98     8,039.07    8,039.07
       113             11/01/98     7,778.60    7,778.60
       138             11/01/98     5,907.23    5,907.23
       106             11/01/98     7,794.00    7,794.00
       181             11/01/98     3,607.79    3,607.79
        54             11/01/98    17,450.20   17,450.20
        92             11/01/98     9,926.41    9,926.41
       118             11/01/98     6,659.52    6,659.52
        69             11/01/98    17,679.31   17,679.31
        39             11/01/98    22,655.22   22,655.22
        94             11/01/98     9,021.12    9,021.12
        24             11/01/98    43,305.42   43,305.42
        41             11/01/98    24,037.84   24,037.84
       145             11/01/98     5,359.56    5,359.56
        13             11/01/98    17,397.73   17,397.73
       137             11/01/98     6,585.13    6,585.13
       158             11/01/98     4,999.60    4,999.60
        81             11/01/98    12,783.64   12,783.64
        55             11/01/98    15,641.77   15,641.77
        49             11/01/98    17,487.29   17,487.29
        23             11/01/98    44,259.62   44,259.62



Total                             339,162.26  339,162.26

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 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 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:        12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

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:        12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

Distribution of Principal Balances
Current  Scheduled             Number        Scheduled  Based on
Balances                       of Loans     Balance     Balance
      0.00to         1000000.00           86 57364337.77  18.46%
1000000.01to         2000000.00           60 86449463.44  27.82%
2000000.01to         3000000.00           15 38205979.40  12.29%
3000000.01to         4000000.00           12 40322360.71  12.97%
4000000.01to         5000000.00            3 12622129.12   4.06%
5000000.01to         6000000.00            6 32139953.25  10.34%
6000000.01to         7000000.00            2 12265753.54   3.95%
7000000.01to         8000000.00            2 14167470.09   4.56%
8000000.01to         9000000.00            2 17252979.35   5.55%
9000000.01to        10000000.00            0        0.00   0.00%
Total                                    188310790426.67 100.00%
                    Average Scheduled Balance is         1610313
                    Maximum  Scheduled Balance is        8946085
                    Minimum  Scheduled Balance is         197905

Distribution of Property Types
                    Number      Scheduled   Based on
Property Types      of Loans   Balance      Balance
Multifamily                  63  71011911.02      22.85%
Retail                       39  70636619.09      22.73%
Office                       31  59296201.26      19.08%
Industrial                   26  48617017.71      15.64%
Mixed Use                    15  37366544.69      12.02%
Lodging                       5  11171185.26       3.59%
Self Storage                  3   4439126.30       1.43%
Other                         3   3583901.41       1.15%
Health Care                   1   3180732.09       1.02%
Mobile Home                   2   1487187.84       0.48%
Total                       188 310790426.67     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%           61169348532.47  54.49%
     8.00%to              9.00%           90108552769.76  34.93%
     9.00%to             10.00%           34 31804110.69  10.23%
    10.00%to             11.00%            3  1085013.75   0.35%
Total                                    188310790426.67 100.00%
          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 157460186.45      50.66%
Ohio                         12  27492599.16       8.85%
Texas                        19  27481146.29       8.84%
Arizona                      25  27420120.93       8.82%
Washington                    3  16603584.13       5.34%
Oregon                        6  15025041.84       4.83%
Wisconsin                     4  12798555.24       4.12%
Nevada                        6   7832408.28       2.52%
Minnesota                     3   4908930.51       1.58%
Colorado                      3   3148954.67       1.01%
Utah                          4   3036971.87       0.98%
Florida                       1   2896278.06       0.93%
Nebraska                      2   2388145.78       0.77%
Mississippi                   1   1317276.03       0.42%
Pennsylvania                  1    666994.21       0.21%
Maine                         1    313233.22       0.10%

Total                       188 310790426.67     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:        12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

Pool Total

Loan Seasoning
                    Number      Scheduled   Based on
Number of Years     of Loans   Balance      Balance
1 year or less              176 302629793.88      97.37%
 1+ to 2 years               12   8160632.79       2.63%
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                       188 310790426.67     100.00%
                    Weighted Average Seasoni      69.28%

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 17574271.05   5.65%
         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 17574271.05   5.65%
                                            Weighted Ave  110.57

Distribution of DSCR
          Debt Service         Number        Scheduled  Based on
          Coverage Ratio (1)   of Loans     Balance     Balance
   0.00001or             0.9999           13 23661122.00   7.61%
         1to               1.14            4  4733244.86   1.52%
    1.1401to               1.24           20 36680006.29  11.80%
    1.2401to               1.34           20 36414102.74  11.72%
    1.3401to               1.49           29 50565846.81  16.27%
    1.4901to               1.74           44 61492955.38  19.79%
    1.7401to                 10           28 31648810.32  10.18%
          Unknown                         30 65594338.27  21.11%


Total                                    188310790426.67       1
Weighted Average Debt Service Coverage Ratio is             1.45

Distribution of Amortization Type
                               Number        Scheduled  Based on
Amortization Type              of Loans     Balance     Balance
Fully Amortizing                           7 12917776.14   4.16%
Amortizing Balloon                       181297872650.53  95.84%
Total                                    188310790426.67 100.00%

Distribution of Remaining Term
Balloon Loans
          Balloon              Number        Scheduled  Based on
          Mortgage Loans       of Loans     Balance     Balance
          60 months or less                1  1381672.08   0.44%
          61 to 120 months               172277148316.93  89.18%
          121 to 180 months                4  4938497.01   1.59%
          181 to 240 months                2  8475852.32   2.73%
          241 to 360 months                2  1271817.28   0.41%
Total                                    181293216155.62  94.35%
                    Weighted Average Months to Maturity   115.14

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                                  188310790426.67 100.00%
Total                                    188310790426.67 100.00%


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:        12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

Loan Group 1

Distribution of Balances
Current  Scheduled             Number        Scheduled  Based on
 Balances                      of Loans     Balance     Balance
         0to         1000000.00           68 47123347.33  16.86%
1000000.01to         2000000.00           51 73410595.95  26.27%
2000000.01to         3000000.00           14 35309701.34  12.63%
3000000.01to         4000000.00           12 40322360.71  14.43%
4000000.01to         5000000.00            3 12622129.12   4.52%
5000000.01to         6000000.00            5 26992868.30   9.66%
6000000.01to         7000000.00            2 12265753.54   4.39%
7000000.01to         8000000.00            2 14167470.09   5.07%
8000000.01to         9000000.00            2 17252979.35   6.17%
9000000.01to        10000000.00            0        0.00   0.00%
Total                                    159279467205.73 100.00%
          Average  Scheduled Balance is       1704068.33
          Maximum  Scheduled Balance is       8946084.55
          Minimum  Scheduled Balance is        397039.14

Distribution of Property Types
                    Number      Scheduled   Based on
Property Types      of Loans   Balance      Balance
Retail                       37  67680007.80      24.22%
Multifamily                  54  64295607.90      23.01%
Office                       27  52014976.27      18.61%
Industrial                   17  39470030.54      14.12%
Mixed Use                    13  35728351.73      12.78%
Lodging                       5  11171185.26       4.00%
Self Storage                  3   4439126.30       1.59%
Health Care                   1   3180732.09       1.14%
Mobile Home                   2   1487187.84       0.53%
Total                       159 279467205.73     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%           61169348532.47  60.60%
     8.00%to              9.00%           86100441687.60  35.94%
     9.00%to             10.00%           12  9676985.66   3.46%
    10.00%to             11.00%            0        0.00   0.00%
Total                                    159279467205.73 100.00%
          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 139560148.13      49.94%
Texas                        18  25850339.25       9.25%
Arizona                      22  24839957.44       8.89%
Ohio                          8  21931372.86       7.85%
Washington                    3  16603584.13       5.94%
Oregon                        6  15025041.84       5.38%
Wisconsin                     4  12798555.24       4.58%
Nevada                        6   7832408.28       2.80%
Minnesota                     3   4908930.51       1.76%
Colorado                      3   3148954.67       1.13%
Utah                          3   2595497.36       0.93%
Nebraska                      2   2388145.78       0.85%
Mississippi                   1   1317276.03       0.47%
Pennsylvania                  1    666994.21       0.24%

Total                       159 279467205.73     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:        12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

Loan Group 1

Loan Seasoning
                    Number      Scheduled   Based on
Number of Years     of Loans   Balance      Balance
1 year or less              154 276089412.61      98.79%
 1+ to 2 years                5   3377793.12       1.21%
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                       159 279467205.73     100.00%
                    Weighted Average Seasoni         0.7

Distribution of Amortization Type
                    Number      Scheduled   Based on
Amortization Type   of Loans   Balance      Balance
Fully Amortizing              4  10610871.13       3.80%
Amortizing Balloon          155 268856334.60      96.20%
Total                       159 279467205.73     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 12427186.10   4.45%
          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 12427186.10   4.45%
                    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                0        0.00   0.00%
          61 to 120 months               148254660758.03  91.12%
          121 to 180 months                3  3903409.28   1.40%
          181 to 240 months                2  8475852.32   3.03%
          241 to 360 months                0        0.00   0.00%



Total                                    153267040019.63  95.55%
                                            Weighted Ave     115

Distribution of DSCR
          Debt Servi          0Number        Scheduled  Based on
          Coverage R          0of Loans     Balance     Balance
   0.00001or             0.9999            9 18529737.87   6.63%
         1to               1.14            4  4733244.86   1.69%
    1.1401to               1.24           18 33667593.67  12.05%
    1.2401to               1.34           17 33137084.98  11.86%
    1.3401to               1.49           23 40679293.21  14.56%
    1.4901to               1.74           37 57400472.50  20.54%
    1.7401to                 10           25 29514789.86  10.56%
          Unknown                         26 61804988.78  22.12%
Total                                    159279467205.73 100.00%
Weighted Average Debt Service Coverage Ratio is          146.29%

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                                  159279467205.73 100.00%
Total                                    159279467205.73 100.00%


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:        12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

Loan Group 2

Distribution of Balances
Current Scheduled              Number       Scheduled   Based on
 Balances                      of Loans     Balance     Balance
         0to         1000000.00           18 10240990.44  32.69%
1000000.01to         2000000.00            9 13038867.49  41.63%
2000000.01to         3000000.00            1  2896278.06   9.25%
3000000.01to         4000000.00            0        0.00   0.00%
4000000.01to         5000000.00            0        0.00   0.00%
5000000.01to         6000000.00            1  5147084.95  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 31323220.94 100.00%
                    Average Scheduled Balance is         1080111
                    Maximum Scheduled Balance is         5147085
                    Minimum Scheduled Balance is          197905

Distribution of Property Types
                               Number       Scheduled   Based on
Property Types                 of Loans     Balance     Balance
Industrial                              9.00  9146987.17  29.20%
Office                                  4.00  7281224.99  23.25%
Multifamily                             9.00  6716303.12  21.44%
Other                                   3.00  3583901.41  11.44%
Retail                                  2.00  2956611.29   9.44%
Mixed Use                               2.00  1638192.96   5.23%
Total                                  29.00 31323220.94 100.00%

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  8111082.16  25.89%
     9.00%to             10.00%        22.00 22127125.03  70.64%
    10.00%to             11.00%         3.00  1085013.75   3.46%
Total                                  29.00 31323220.94 100.00%
          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 17900038.32  57.15%
Ohio                                       4  5561226.30  17.75%
Florida                                    1  2896278.06   9.25%
Arizona                                    3  2580163.49   8.24%
Texas                                      1  1630807.04   5.21%
Utah                                       1   441474.51   1.41%
Maine                                      1   313233.22   1.00%
Total                                     29 31323220.94 100.00%


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:        12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

Loan Group 2

Loan Seasoning
                    Number     Scheduled    Based on
Number of Years     of Loans   Balance      Balance
1 year or less               22  26540381.27      84.73%
 1+ to 2 years                7   4782839.67      15.27%
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  31323220.94     100.00%
                    Weighted Average Seasoni         0.9

Distribution of Amortization Type
                    Number     Scheduled    Based on
Amortization Type   of Loans   Balance      Balance
Fully Amortizing              3   2306905.01       7.36%
Amortizing Balloon           26  29016315.93      92.64%
Total                        29  31323220.94     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  5147084.95  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  5147084.95  16.43%
                    Weighted Average Months to Maturity      109

Distribution of Remaining Term
Balloon Loans
          Balloon              Number       Scheduled   Based on
          Mortgage Loans       of Loans     Balance     Balance
          60 months or less                1  1381672.08   4.41%
          61 to 120 months                24 22487558.90  71.79%
          121 to 180 months                1  1035087.73   3.30%
          181 to 240 months                0        0.00   0.00%
          241 to 360 months                2  1271817.28   4.06%
Total                                     28 26176135.99  83.57%
                    Weighted Average Months to Maturity      117

Distribution of DSCR
          Debt Service         Number       Scheduled   Based on
          Coverage Ratio (1)   of Loans     Balance     Balance
   0.00001or             0.9999            4  5131384.13  16.38%
         1to               1.14            0        0.00   0.00%
    1.1401to               1.24            2  3012412.62   9.62%
    1.2401to               1.34            3  3277017.76  10.46%
    1.3401to               1.49            6  9886553.60  31.56%
    1.4901to               1.74            7  4092482.88  13.07%
    1.7401to                 10            3  2134020.46   6.81%
          Unknown                          4  3789349.49  12.10%








Total                                     29 31323220.94 100.00%
Weighted Average Debt Service Coverage Ratio is         1.308049

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  31323220.94     100.00%
Total                        29  31323220.94     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:        12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

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   992369.78   3.17%
    14.50%to             15.00%            2  6472889.20  20.66%
    15.00%to             15.50%           15 17916748.05  57.20%
    15.50%to             16.00%            8  4856200.16  15.50%
    16.00%to             16.50%            3  1085013.75   3.46%
Total                                     29 31323220.94 100.00%
                                            Weighted Ave  15.34%

Distribution of Payment Adjustment
Payment Adjustment             Number       Scheduled   Based on
Frequency                      Loans        Balance     Balance
Six Month                                 29 31323220.94 100.00%

Total                                     29 31323220.94 100.00%

Distribution of Indices of Mortgage Loans
                               Number       Scheduled   Based on
Indices                        of Loans     Balance     Balance
6 Month LIBOR                             29 31323220.94 100.00%

Total                                     29 31323220.94 100.00%

Distribution of Mortgage Loan Margins
                               Number       Scheduled   Based on
 Mortgage Loan Margins         Loans        Balance     Balance
     2.60%to              3.00%            2  6472889.20  20.66%
     3.00%to              3.50%           13 15836076.03  50.56%
     3.50%to              4.00%           11  7929241.96  25.31%
     4.00%to              4.50%            3  1085013.75   3.46%
Total                                     29 31323220.94 100.00%
                                            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  1735258.56   5.54%
     8.50%to              9.00%            2  6472889.20  20.66%
     9.00%to              9.50%           15 17916748.05  57.20%
     9.50%to             10.00%            7  4113311.38  13.13%
    10.00%to             10.50%            3  1085013.75   3.46%
Total                                     29 31323220.94 100.00%
                                            Weighted Ave   9.31%

Distribution of Interest Adjustment
Interest Adjustment            Number       Scheduled   Based on
Frequency                      Loans        Balance     Balance
Six Month                                 29 31323220.94 100.00%

Total                                     29 31323220.94 100.00%


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:        12/21/98
Payment Date:          12/21/98
Prior Payment:         11/20/98
Record Date:           11/30/98

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        1.5012/31/97WI
        10IMP9801A  Office          06/01/08        1.6412/31/97WI
        11IMP9801A  Industrial      06/01/08        1.5112/31/97WI
        12IMP9801B  Industrial      11/01/07        0.4212/31/97FL
        13IMP9801B  Industrial      11/01/07        1.2112/31/97OH
        14IMP9801B  Other           11/01/07        1.3512/31/97OH
        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        1.4212/31/97CA
        21IMP9801A  Industrial      01/01/08        1.3212/31/97CA
        22IMP9801A  Multifamily     06/01/08        1.2712/31/97CA
        23IMP9801A  Retail          04/01/08        1.4712/31/97WA
        24IMP9801A  Mixed Use       06/01/08        1.2212/31/97CA
        25IMP9801A  Retail          04/01/08        1.6812/31/97CA
        26IMP9801A  Lodging         06/01/08                    AZ
        27IMP9801B  Office          01/01/08        1.4212/31/97CA
        28IMP9801A  Office          04/01/08        1.6712/31/97CA
        29IMP9801A  Multifamily     03/01/08        2.0912/31/97CT
        30IMP9801A  Multifamily     03/01/08        1.7312/31/97CT
        31IMP9801A  Multifamily     03/01/08        2.0012/31/97CT
        32IMP9801A  Multifamily     03/01/08        2.0212/31/97CT
        33IMP9801A  Multifamily     03/01/08        1.7612/31/97CT
        34IMP9801A  Multifamily     04/01/15        0.9012/31/97CA
        35IMP9801A  Office          01/01/18        2.2712/31/97TX
        36IMP9801A  Office          03/01/08                    TX
        37IMP9801A  Multifamily     03/01/08        1.2012/31/97OR
        38IMP9801A  Industrial      01/01/08        1.3812/31/97CA
        39IMP9801A  Retail          06/01/08        1.8812/31/97CA
        40IMP9801A  Retail          01/01/08        1.2312/31/97OR
        41IMP9801A  Health Care     06/01/08        1.6712/31/97TX
        42IMP9801A  Retail          04/01/08                    MN
        43IMP9801A  Industrial      01/01/08        1.4612/31/97CA
        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        1.0012/31/97NV
        49IMP9801A  Industrial      04/01/08                    OR
        50IMP9801A  Multifamily     04/01/08        0.0612/31/97CA
        51IMP9801A  Multifamily     12/01/07        1.2912/31/97CA
        52IMP9801A  Industrial      01/01/08        1.5912/31/97CA
        53IMP9801A  Office          05/01/08        1.2012/31/97CA
        54IMP9801A  Retail          04/01/08                    CA
        55IMP9801A  Multifamily     04/01/08        1.2312/31/97OR
        56IMP9801A  Industrial      06/01/08        1.6212/31/97CA
        57IMP9801A  Industrial      06/01/08        1.9612/31/97TX
        58IMP9801A  Retail          12/01/07        2.6012/31/97CA
        59IMP9801A  Retail          06/01/08        1.4812/31/97CA
        60IMP9801A  Industrial      06/01/08        1.7112/31/97CA
        61IMP9801A  Mixed Use       01/01/08        0.5712/31/97CA
        62IMP9801A  Retail          04/01/08        1.4712/31/97AZ
        63IMP9801A  Retail          06/01/08                    TX
        64IMP9801A  Retail          05/01/13        1.6012/31/97TX
        65IMP9801A  Industrial      06/01/08                    CA
        66IMP9801A  Lodging         06/01/08        0.9812/31/97NE
        67IMP9801A  Multifamily     01/01/08        1.3412/31/97NV
        68IMP9801A  Retail          02/01/08        1.4612/31/97CA
        69IMP9801A  Lodging         05/01/13        1.5112/31/97AZ
        70IMP9801A  Lodging         04/01/08        2.0412/31/97CO
        71IMP9801B  Retail          01/01/08        1.2512/31/97TX
        72IMP9801A  Mixed Use       03/01/08                    WA
        73IMP9801A  Mixed Use       01/01/08        1.3312/31/97CA
        74IMP9801A  Multifamily     04/01/08        1.7212/31/97AZ
        75IMP9801A  Multifamily     04/01/08        1.6512/31/97CA
        76IMP9801A  Retail          03/01/08        1.2312/31/97CA
        77IMP9801A  Multifamily     03/01/08        1.2312/31/97AZ
        78IMP9801A  Office          11/01/07        1.1612/31/97CA
        79IMP9801A  Retail          03/01/08        1.3212/31/97CA
        80IMP9801A  Office          06/01/08        1.6412/31/97TX
        81IMP9801B  Industrial      06/01/08                    CA
        82IMP9801A  Industrial      01/01/08                    CA
        83IMP9801B  Industrial      09/01/02        1.3112/31/97CA
        84IMP9801A  Retail          03/01/08        2.0112/31/97CA
        85IMP9801A  Office          03/01/08        2.0112/31/97CA
        86IMP9801A  Office          11/01/07        1.1612/31/97CA
        87IMP9801B  Retail          12/01/07        1.5612/31/97CA
        88IMP9801A  Multifamily     03/01/08        1.8712/31/97MS
        89IMP9801A  Multifamily     06/01/08        1.3012/31/97CA
        90IMP9801A  Office          11/01/07        1.7612/31/97CA
        91IMP9801A  Multifamily     04/01/08        0.9912/31/97CA
        92IMP9801A  Retail          04/01/08                    CA
        93IMP9801A  Office          04/01/08        1.6312/31/97CA
        94IMP9801A  Retail          06/01/08        1.2412/31/97UT
        95IMP9801A  Retail          01/01/08        2.3312/31/97AZ
        96IMP9801A  Retail          12/01/07        1.2412/31/97CA
        97IMP9801A  Multifamily     01/01/08        1.6512/31/97AZ
        98IMP9801A  Mixed Use       06/01/08                    CA
        99IMP9801A  Multifamily     10/01/07        1.4612/31/97AZ
       100IMP9801A  Retail          04/01/08                    MN
       101IMP9801A  Multifamily     01/01/08        0.9012/31/97CA
       102IMP9801A  Multifamily     01/01/08                    NV
       103IMP9801A  Retail          04/01/08        1.4412/31/97CA
       104IMP9801A  Multifamily     02/01/08        1.6412/31/97TX
       105IMP9801B  Office          09/01/09        1.2412/31/97CA
       106IMP9801A  Multifamily     02/01/08        1.8412/31/97NV
       107IMP9801B  Multifamily     01/01/08        0.6112/31/97CA
       108IMP9801A  Multifamily     04/01/08        1.2712/31/97AZ
       109IMP9801A  Multifamily     05/01/08        1.5712/31/97CA
       110IMP9801A  Multifamily     01/01/08                    CA
       111IMP9801B  Multifamily     12/01/07        1.3812/31/97AZ
       112IMP9801B  Mixed Use       11/01/07        2.0412/31/97CA
       113IMP9801A  Self Storag     01/01/08        1.5312/31/97CA
       114IMP9801A  Mixed Use       06/01/08        1.3212/31/97CA
       115IMP9801B  Multifamily     10/01/07        1.4912/31/97CA
       116IMP9801A  Multifamily     06/01/08        1.2312/31/97CA
       117IMP9801A  Retail          06/01/08        1.5012/31/97TX
       118IMP9801A  Multifamily     05/01/08        1.6712/31/97AZ
       119IMP9801A  Industrial      04/01/08        0.5012/31/97CA
       120IMP9801A  Mixed Use       02/01/08        1.6612/31/97CA
       121IMP9801A  Multifamily     03/01/08        1.1712/31/97TX
       122IMP9801A  Multifamily     11/01/07        1.2612/31/97AZ
       123IMP9801A  Multifamily     11/01/07        1.4112/31/97NV
       124IMP9801A  Retail          03/01/08        1.1112/31/97CO
       125IMP9801A  Multifamily     05/01/08        1.4712/31/97CA
       126IMP9801B  Multifamily     12/01/27        1.5012/31/97AZ
       127IMP9801A  Office          06/01/08        1.6212/31/97CA
       128IMP9801A  Multifamily     05/01/08        1.4812/31/97CA
       129IMP9801A  Self Storag     02/01/08                    CA
       130IMP9801A  Multifamily     06/01/08        1.2212/31/97TX
       131IMP9801A  Retail          06/01/08        1.2712/31/97CA
       132IMP9801A  Mixed Use       03/01/08        1.3312/31/97CA
       133IMP9801A  Industrial      03/01/08        1.5212/31/97CA
       134IMP9801B  Multifamily     04/01/08        0.9212/31/97CA
       135IMP9801A  Retail          01/01/08        1.3612/31/97CA
       136IMP9801A  Multifamily     02/01/08        1.6512/31/97AZ
       137IMP9801B  Office          12/01/07        1.5512/31/97CA
       138IMP9801A  Retail          02/01/08        1.4712/31/97UT
       139IMP9801A  Retail          10/01/07                    CA
       140IMP9801A  Mobile Home     05/01/08        1.9702/28/98OR
       141IMP9801A  Mobile Home     03/01/08        3.2612/31/97CA
       142IMP9801B  Multifamily     06/30/07        2.4512/31/97AZ
       143IMP9801A  Office          05/01/08        1.5912/31/97TX
       144IMP9801A  Lodging         01/01/08        5.1312/31/97CA
       145IMP9801A  Multifamily     06/01/08        1.5012/31/97AZ
       146IMP9801A  Multifamily     03/01/08        1.9012/31/97TX
       147IMP9801A  Multifamily     04/01/08        1.3712/31/97CA
       148IMP9801A  Industrial      05/01/08        1.4612/31/97CA
       149IMP9801A  Industrial      11/01/07        2.1912/31/97CA
       150IMP9801A  Multifamily     04/01/08                    CA
       151IMP9801A  Office          12/01/07        1.5012/31/97PA
       152IMP9801A  Retail          04/01/08                    MN
       153IMP9801A  Multifamily     06/01/08        1.1812/31/97AZ
       154IMP9801A  Office          06/01/08        1.1012/31/97CO
       155IMP9801A  Office          06/01/08        1.3612/31/97NE
       156IMP9801A  Multifamily     05/01/08        1.5212/31/97CA
       157IMP9801A  Multifamily     05/01/08        2.0212/31/97TX
       158IMP9801B  Mixed Use       02/01/08        1.4512/31/97CA
       159IMP9801A  Multifamily     06/01/08        1.2112/31/97AZ
       160IMP9801A  Retail          04/01/08        1.4412/31/97CA
       161IMP9801A  Multifamily     11/01/07        1.7412/31/97UT
       162IMP9801A  Multifamily     04/01/08        0.5012/31/97AZ
       163IMP9801A  Retail          06/01/08        1.8612/31/97CA
       164IMP9801A  Mixed Use       12/01/07        2.7212/31/97CA
       165IMP9801A  Retail          11/01/07        1.6412/31/97CA
       166IMP9801A  Retail          04/01/08        1.3312/31/97TX
       167IMP9801A  Mixed Use       02/01/08        1.5212/31/97CA
       168IMP9801A  Multifamily     12/01/07        1.3212/31/97AZ
       169IMP9801A  Multifamily     05/01/08        1.1112/31/97AZ
       170IMP9801A  Office          03/01/08        1.1912/31/97CA
       171IMP9801A  Multifamily     10/01/07                    AZ
       172IMP9801A  Office          06/01/08        1.5612/31/97CA
       173IMP9801A  Retail          10/01/07                    TX
       174IMP9801A  Multifamily     03/01/08        1.4512/31/97AZ
       175IMP9801A  Multifamily     06/01/08        2.1012/31/97AZ
       176IMP9801B  Multifamily     01/01/08                    CA
       177IMP9801A  Office          03/01/08        3.0412/31/97CA
       178IMP9801A  Multifamily     05/01/08        1.8912/31/97TX
       179IMP9801A  Multifamily     11/01/07        1.6812/31/97NV
       180IMP9801A  Multifamily     01/01/13        2.2712/31/97CA
       181IMP9801A  Multifamily     03/01/08        1.4412/31/97AZ
       182IMP9801A  Multifamily     06/01/08        1.2512/31/97TX
       183IMP9801A  Retail          10/01/07        1.6712/31/97CA
       184IMP9801B  Industrial      01/01/08                    UT
       185IMP9801A  Multifamily     02/01/08                    CA
       186IMP9801B  Multifamily     11/01/27        1.7312/31/97CA
       187IMP9801A  Office          03/01/08        3.4512/31/97CA
       188IMP9801B  Multifamily     12/01/07        2.4412/31/97CA
       189IMP9801A  Multifamily     02/01/08        1.3612/31/97CA
       190IMP9801B  Industrial      11/01/07        1.4612/31/97CA
       191IMP9801B  Office          11/01/07        1.6612/31/97ME
       192IMP9801B  Industrial      10/01/07        1.2612/31/97CA
       193IMP9801B  Industrial      10/01/07        1.5812/31/97CA
       194IMP9801B  Industrial      10/01/07        1.6212/31/97CA


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

         14146276.80     8.625%     34526.36           0
         23749423.81     8.375%     30586.22           0
         33256078.55     8.375%     26561.72           0
         42466726.25     8.375%     20122.51           0
         52269388.14     8.375%     18512.71           0
         61973380.98     8.375%     16098.01           0
         71307364.93     8.375%     10664.93           0
         85108466.15     7.384%     35456.19           0
         93640367.24     7.384%     25266.60           0
        103078625.22     7.384%     21367.73           0
        11 971096.63     7.384%      6740.06           0
        122896278.06     9.375%     31334.67           0
        131977324.89     9.375%     17480.21           0         B
        141804308.96     9.375%     15950.69           0
        151384127.41     9.375%     12236.15           0
        16      0.00     0.000%         0.00           009/01/98
        17 395465.04     9.375%      3496.04           0
        188946084.55     7.375%     62827.71           0
        198306894.80     7.440%     58896.85           0
        207156956.31     7.385%     50312.17           0
        217010513.78     7.500%     49956.23           0
        226223326.90     7.125%     42107.41           0
        236042426.64     7.250%     44511.72           0         B
        245916081.45     7.875%     43552.12           0         B
        255549254.44     7.500%     41786.74           0
        265405655.63     7.500%     40201.12           0
        275147084.95     9.000%     44097.19           0
        285013410.63     7.750%     37627.70           0
        29      0.00     8.625%      9894.91     125098912/01/98      12
        30      0.00     8.625%      7869.47      99491712/01/98      12
        31      0.00     8.625%      6879.88      86980612/01/98      12
        32      0.00     8.625%      5488.95      69395512/01/98      12
        33      0.00     8.625%      5193.85      65664512/01/98      12
        344411727.92     7.500%     39384.65           0
        354064124.40     7.380%     33394.96           0
        363724360.47     7.250%     25856.37           0
        373574609.51     7.101%     24452.38           0
        383370588.78     7.356%     23683.75           0
        393286758.77     7.375%     22792.28           0         B
        403223944.49     7.750%     23533.44           0
        413180732.09     7.750%     24170.52           0         B
        423156307.53     7.750%     24288.81           0
        433080564.25     7.625%     23533.78           0
        442975948.81     7.750%     21723.17           0
        452864961.74     7.750%     20887.90           0
        462822832.75     7.250%     19645.71           0
        472762733.40     8.375%     22537.21           0
        482631163.06     8.125%     20998.33           0
        492504903.76     7.375%     17591.75           0         B
        502486499.16     7.875%     18328.25           0
        512462026.79     8.625%     19510.23           0
        522320780.91     7.625%     16738.72           0
        532307614.81     7.750%     17737.70           0
        542279996.01     7.750%     17545.31           0         B
        552154125.75     7.151%     15731.64           0         B
        561991746.71     7.262%     13659.81           0
        571991520.67     7.152%     13510.84           0
        581934757.02     8.250%     14813.99           0
        591916821.64     7.500%     14255.14           0
        601838043.99     7.375%     13521.27           0
        611826173.99     8.875%     14791.72           0
        621816132.43     8.375%     14030.45           0
        631788636.00     7.500%     13301.85           0
        641768390.47     7.625%     13446.38           0
        651768762.34     7.500%     13154.04           0
        661741356.28     8.750%     14387.51           0
        671712755.46     8.375%     13257.64           0
        681688814.84     8.375%     13063.77           0
        691650699.59     9.625%     17817.25           0         B
        701636792.77     8.250%     13143.73           0
        711630807.04     9.500%     15584.66           0
        721615072.94     7.625%     12309.17           0
        731592118.56     7.625%     12162.89           0
        741493091.53     8.625%     11802.63           0
        751492109.27     8.000%     11129.83           0
        761491489.53     8.125%     11264.70           0
        771491255.78     8.000%     11131.21           0
        781488613.72     8.875%     12071.99           0
        791473720.55     8.625%     11656.65           0
        801458143.48     8.500%     11245.36           0
        811456505.68     9.625%     12905.12           0         B
        821441119.62     9.125%     11934.71           0         B
        831381672.08     9.125%     12007.03           0
        841364057.31     7.750%      9942.34           0
        851338944.50     8.750%     11218.98           0
        861340004.66     9.000%     10988.17           0
        871325804.25     8.875%     10745.21           0
        881317276.03     8.000%      9832.56           0
        891315491.05     8.000%      9685.69           0
        901156148.87     8.625%     10226.07           0
        911273612.99     8.250%      9725.70           0
        921269127.75     8.625%     10032.24           0         B
        931243762.65     8.250%      9497.76           0
        941196298.13     8.375%      9120.87           0         B
        951191042.66     8.125%      9009.13           0
        961190249.55     8.375%      9223.91           0
        971141836.93     8.375%      8838.43           0
        981121648.82     8.500%      8650.28           0
        991115771.64     8.750%      8948.21           0
       1001090432.84     7.750%      8391.24           0
       1011091998.67     8.250%      8355.53           0         B
       1021062216.92     8.250%      8127.65           0         B
       1031055066.36     8.125%      7963.14           0
       1041052688.62     8.125%      7956.03           0
       1051035087.73     9.375%     12834.33           0
       1061042757.61     8.125%      7880.97           0         B
       1071043229.45     9.375%      8823.47           0
       1081034810.56     8.250%      7902.13           0
       1091015797.82     8.375%      7842.48           0
       1101000667.92     8.250%      7656.70           0
       111 993108.84     9.625%      8587.69           0
       112 992369.78     8.750%      7954.73           0
       113 975687.41     8.250%      7860.00           0         B
       114 971992.27     8.375%      7410.70           0
       115 962843.40     9.375%      8527.13           0
       116 941826.22     8.250%      7466.62           0
       117 927131.09     8.375%      7068.67           0
       118 925604.36     7.750%      6736.72           0         B
       119 920260.62     8.125%      6945.69           0
       120 898903.36     8.250%      6873.42           0
       121 894753.43     8.000%      6678.73           0
       122 893800.64     8.875%      7243.96           0
       123 887310.69     8.250%      6798.57           0         B
       124 858115.84     8.625%      6787.41           0
       125 856579.27     8.250%      6871.28           0
       126 844165.87     9.375%      7144.48           0
       127 840274.37     8.625%      6948.13           0
       128 836346.54     8.125%      6307.45           0
       129 832275.83     9.125%      7195.70           0
       130 821374.74     8.125%      6443.75           0
       131 820819.56     8.625%      6712.76           0
       132 820568.15     8.375%      6343.35           0
       133 807726.25     8.250%      6493.03           0
       134 796411.58     9.500%      6799.92           0
       135 795671.58     9.750%      6955.31           0
       136 789251.84     7.875%      5826.00           0
       137 785819.09     9.375%      6650.66           0         B
       138 763064.90     8.500%      5970.86           0         B
       139 752086.17     9.375%      6657.39           0
       140 744625.58     8.000%      5847.87           0
       141 742562.26     7.625%      5659.39           0
       142 742888.78     9.625%      6369.82           0
       143 739441.02     8.375%      5708.87           0
       144 736680.99     9.375%      6235.68           0
       145 727588.53     8.125%      5420.23           0         B
       146 698295.29     7.875%      5437.77           0
       147 695418.56     8.125%      5248.69           0
       148 695357.25     8.750%      5556.11           0
       149 672630.02     8.875%      5715.99           0
       150 671449.12     8.000%      5008.43           0
       151 666994.21     9.125%      5843.10           0
       152 662190.14     7.750%      5095.77           0
       153 662803.24     8.125%      4937.61           0
       154 654046.06     8.500%      5727.63           0
       155 646789.50     8.750%      5343.93           0
       156 646843.78     7.625%      4651.36           0
       157 646843.71     7.625%      4651.37           0
       158 645823.18     8.500%      5053.46           0         B
       159 637956.43     8.250%      4807.57           1
       160 636806.49     8.250%      4862.85           0
       161 636134.33     8.875%      5158.76           0
       162 631831.44     8.250%      4824.86           0
       163 622991.86     8.125%      4887.42           0
       164 617993.35     8.875%      5246.51           0
       165 618053.83     9.500%      5519.87           0
       166 609969.25     9.125%      5043.05           0
       167 604390.74     9.125%      5225.45           0
       168 595867.05     8.875%      4829.31           0
       169 589919.90     8.125%      4449.44           0
       170 585168.42     8.750%      4903.10           0
       171 540891.46     8.875%      4386.53           0
       172 523648.08     9.000%      4224.27           0
       173 522486.96    10.000%      4607.25           0
       174 518957.01     8.000%      3873.66           0
       175 507838.93     7.625%      3649.10           0
       176 507241.89    10.250%      4619.51           0
       177 502848.13     8.750%      4213.34           0
       178 496493.03     8.125%      3940.87           0
       179 496204.54     8.875%      4024.00           0         B
       180 484319.22     8.500%      4959.10           0
       181 477349.86     8.250%      3647.60           0         B
       182 464954.53     8.625%      4687.58           0
       183 446556.89     9.125%      3704.53           0
       184 441474.51    10.000%      3938.01           0
       185 434473.49     8.750%      3644.02           0
       186 427651.41     9.625%      3700.85           0
       187 409121.95     8.750%      3428.02           0
       188 398761.90     9.750%      3625.89           0
       189 397039.14     7.750%      2896.06           0
       190 333384.27     9.375%      2952.50         596
       191 313233.22    10.375%      2885.74           0
       192 264538.64    10.125%      2387.93           0
       193 197904.52     9.875%      1819.95           0
       194 197904.52     9.875%      1819.95           0









           310790427                             4466907

(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
_



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission