SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant To Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 28, 1998
IMPAC CMB TRUST SERIES 1998-3
(as issuer under the Indenture, dated as of June 26, 1998,
providing for the issuance of Collaterialized Asset-Backed Bonds
Series, 1998-3).
IMPAC CMB TRUST SERIES 1998-3
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-38879 33-0705301
(Commission File Number) (I.R.S. Employer
Identification No.)
c/o WILMINGTON TRUST COMPANY
RODNEY SQUARE NORTH
1100 NORTH MARKET STREET
WILMINGTON, DELAWARE 19890
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (714) 556-0122
ITEM 5. Other Events
Attached hereto are copies of the Monthly Remittance Statements
to the Certificateholders which were derived from the monthly
information submitted by the Master Servicer to the Trustee.
ITEM 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Remittance Statement to the Certificateholders dated as of
December 28, 1998.
Monthly Remittance Statement to the Certificateholders dated as of
January 25, 1999.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, hereunto duly authorized.
Bankers Trust Company of California, N.A.,
not in its individual capacity, but solely
as a duly authorized agent of the Registrant
pursuant to the Indenture, dated as of
June 26, 1998.
Date: January 29, 1999 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Document
Monthly Remittance Statement to the Certificateholders
dated as of December 28, 1998.
Monthly Remittance Statement to the Certificateholders
dated as of January 25, 1999.
IMH Assets Corp.
Impac CMB Trust Series 1998-3
Collateralized Mortgage bonds
Series 1998-3
Statement to Bondholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
A 121,835,000.00 105,950,158.21 515,226.79 2,669,333.57 3,
>184,560.36 0.00 0.00 103,280,824.64
M-1 31,441,300.00 27,341,984.72 138,726.39 688,860.49
>827,586.88 0.00 0.00 26,653,124.23
M-2 27,511,100.00 23,924,204.02 126,429.45 602,752.11
>729,181.56 0.00 0.00 23,321,451.91
B 11,299,200.00 9,826,010.81 57,330.68 247,558.86
>304,889.54 0.00 0.00 9,578,451.95
TOTALS 192,086,600.00 167,042,357.76 837,713.31 4,208,505.03 5,
>046,218.34 0.00 0.00 162,833,852.73
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
A 45254NAK3 869.620045 4.228890 21.909415
> 26.138305 847.710630 5.305000% 5.867500%
M-1 45254NAL1 869.620045 4.412235 21.909415
> 26.321650 847.710630 5.535000% 6.097500%
M-2 45254NAM9 869.620045 4.595580 21.909415
> 26.504995 847.710630 5.765000% 6.327500%
B 45254NAN7 869.620045 5.073871 21.909415
> 26.983286 847.710630 6.365000% 6.927500%
THIS STATEMENT IS ALSO AVAILABLE ON BANKERS TRUST
>'S WEBSITE, HTTP://ONLINE.
BANKERSTRUST.COM/INVR/. WE BEGIN POSTING STATEME
>NTS TO THE WEB AT 7:00 PM
EASTERN TIME ON THE BUSINESS DAY BEFORE EACH DIST
>RIBUTION DATE.
SELLER: Impac Mortgage Holdings, Inc. ADMI
>NISTRATOR: Jarrod Anderson
MASTER SERVICER: ICI Funding Corporation
> Bankers Trust Co. of California, NA
CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc
> 3 Park Plaza
RECORD DATE: November 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: December 28, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 5
> (c) COPYRIGHT 1998 Bankers Trust Company
IMH Assets Corp.
Impac CMB Trust Series 1998-3
Collateralized Mortgage bonds
Series 1998-3
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
CERTIFICATES 0.00 0.00 376,539.66 0.00
>376,539.66 0.00 0.00 0.00
TOTALS 0.00 0.00 376,539.66 0.00
>376,539.66 0.00 0.00 0.00
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
CERTIFICATES 0.000000 1.960260 0.000000
> 1.960260 0.000000 0.000000% 0.000000%
SELLER: Impac Mortgage Holdings, Inc. ADMI
>NISTRATOR: Jarrod Anderson
MASTER SERVICER: ICI Funding Corporation
> Bankers Trust Co. of California, NA
CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc
> 3 Park Plaza
RECORD DATE: November 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: December 28, 1998
> FACTOR INFORMATION(800) 735-7777
Page 2 of 5
> (c) COPYRIGHT 1998 Bankers Trust Company
IMH Assets Corp.
Impac CMB Trust Series 1998-3
Payment Date Statement
Distribution Date: December 28, 1998
DELINQUENT AND
FORECLOSURE LOAN 30 TO 59 6
>0 TO 89 90 PLUS
INFORMATION DAYS
> DAYS DAYS TOTAL
PRINCIPAL BALANCE 4,006,753.97 1,
>642,109.53 1,322,503.11 6,971,366.61
PERCENTAGE OF POOL BALANCE 2.3956%
> 0.9818% 0.7907% 4.1681%
NUMBER OF LOANS 40
> 18 10 68
PERCENTAGE OF LOANS 3.3058%
> 1.4876% 0.8264% 5.6198%
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
>220,899.49 2,252,712.68 2,473,612.17
PERCENTAGE OF POOL BALANCE 0.0000%
> 0.1321% 1.3469% 1.4789%
NUMBER OF LOANS 0
> 1 16 17
PERCENTAGE OF LOANS 0.0000%
> 0.0826% 1.3223% 1.4050%
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE 320,723.94
> 0.00 132,404.34 1,552,510.72
PERCENTAGE OF POOL BALANCE 0.1918%
> 0.0000% 0.0792% 0.9282%
NUMBER OF LOANS 2
> 0 3 14
PERCENTAGE OF LOANS 0.1653%
> 0.0000% 0.2479% 1.1570%
REO LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
> 0.00 106,654.33 106,654.33
PERCENTAGE OF POOL BALANCE 0.0000%
> 0.0000% 0.0638% 0.0638%
NUMBER OF LOANS 0
> 0 1 1
PERCENTAGE OF LOANS 0.0000%
> 0.0000% 0.0826% 0.0826%
REO BOOK VALUE
> 0.00
AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS:
> 893,192.55
AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS:
> 4,182,089.89
AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS:
> 5,075,282.44
CURRENT PERIOD INTEREST REMITTANCE AMOUNT PAYABLE TO THE BONDHOLDERS:
> 1,214,252.97
CURRENT PERIOD PRINCIPAL DISTRIBUTION AMOUNT PAYABLE TO THE BONDHOLDERS:
> 4,208,505.03
CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW PAYABLE TO THE BONDHOLDERS:
> 0.00
CURRENT PERIOD CARRY FORWARD AMOUNT:
> 0.00
AGGREGATE PRIOR UNPAID INTEREST SHORTFALL:
> 0.00
CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS:
> 167,255,385.41
AGGREGATE NUMBER OF THE MORTGAGE LOANS IN POOL:
> 1,210
CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE:
> 8.4980%
CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY:
> 347
Page 3 of 5
> (c) COPYRIGHT 1998 Bankers Trust Company
IMH Assets Corp.
Impac CMB Trust Series 1998-3
Payment Date Statement
Distribution Date: December 28, 1998
CURRENT PERIOD REQUIRED OVERCOLLATERALIZATION AMOUNT:
> 4,421,432.99
CURRENT PERIOD OVERCOLLATERALIZATION AMOUNT:
> 4,421,532.68
CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW:
> 376,539.66
AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE:
> 26,415.14
AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE:
> 323,089.41
AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE:
> 349,504.55
AMOUNT OF PREPAYMENT INTEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DA
>TE: 17,450.73
AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE:
> 17,450.73
THE AMOUNT OF DISTRIBUTION TO THE TRUST CERTIFICATES
> 376,539.66
MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE:
> 14.0000%
AVAILABLE FUNDS INTEREST AMOUNT:
> 1,214,254.35
AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE:
> 0.00
CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE:
> 0.00
CUMULATIVE LOSS PERCENTAGE FOR THE RELATED PAYMENT DATE:
> 0.0000%
DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE:
> 3.3944%
ROLLING DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE:
> 1.7578%
AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN SA
>LE
AND CONTRIBUTION AGREEMENT FOR THE RELATED PAYMENT DATE:
> 0
AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN
SALE AND CONTRIBUTION AGREEMENT SINCE THE CLOSING DATE:
> 0
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTG
>AGE
LOAN SALE AND CONTRIBUTION AGREEMENT FOR THE RELATED PAYMENT DAT
>E: 0.00
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTG
>AGE
LOAN SALE AND CONTRIBUTION AGREEMENT SINCE THE CLOSING DATE:
> 0.00
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3
>.18
OF THE SERVICING AGREEMENT FOR THE RELATED PAYMENT DATE:
> 0.00
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3
>.18
OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE:
> 0.00
Page 4 of 5
> (c) COPYRIGHT 1998 Bankers Trust Company
IMH Assets Corp.
Impac CMB Trust Series 1998-3
Payment Date Statement
Distribution Date: December 28, 1998
AGGREGATE PRINCIPAL PREPAYMENTS APPLIED TO EACH CLASS:
CLASS A :
> 2,599,096.50
CLASS M-1 :
> 670,734.79
CLASS M-2 :
> 586,892.14
CLASS B :
> 241,044.95
INTEREST SHORTFALLS APPLIED TO EACH CLASS:
CLASS A :
> 0.00
CLASS M-1 :
> 0.00
CLASS M-2 :
> 0.00
CLASS B :
> 0.00
AGGREGATE NUMBER OF CONDO SELECT LOANS IN POOL:
> 39.00
CURRENT AGGREGATE PRINCIPAL BALANCE OF "CONDO SELECT LOANS:
> 1,436,463.70
Page 5 of 5
> (c) COPYRIGHT 1998 Bankers Trust Company
IMH Assets Corp.
Impac CMB Trust Series 1998-3
Collateralized Mortgage bonds
Series 1998-3
Statement to Bondholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
A 121,835,000.00 103,280,824.64 471,333.52 4,948,197.74 5,
>419,531.26 0.00 0.00 98,332,626.90
M-1 31,441,300.00 26,653,124.23 126,402.44 1,276,954.65 1,
>403,357.09 0.00 0.00 25,376,169.58
M-2 27,511,100.00 23,321,451.91 114,773.93 1,117,333.79 1,
>232,107.72 0.00 0.00 22,204,118.12
B 11,299,200.00 9,578,451.95 51,609.23 458,904.88
>510,514.11 0.00 0.00 9,119,547.07
TOTALS 192,086,600.00 162,833,852.73 764,119.12 7,801,391.06 8,
>565,510.18 0.00 0.00 155,032,461.67
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
A 45254NAK3 847.710630 3.868622 40.613927
> 44.482548 807.096704 5.867500% 5.180000%
M-1 45254NAL1 847.710630 4.020268 40.613927
> 44.634194 807.096703 6.097500% 5.410000%
M-2 45254NAM9 847.710630 4.171914 40.613927
> 44.785840 807.096704 6.327500% 5.640000%
B 45254NAN7 847.710630 4.567512 40.613927
> 45.181438 807.096703 6.927500% 6.240000%
THIS STATEMENT IS ALSO AVAILABLE ON BANKERS TRUST
>'S WEBSITE, HTTP://ONLINE.
BANKERSTRUST.COM/INVR/. WE BEGIN POSTING STATEME
>NTS TO THE WEB AT 7:00 PM
EASTERN TIME ON THE BUSINESS DAY BEFORE EACH DIST
>RIBUTION DATE.
SELLER: Impac Mortgage Holdings, Inc. ADMI
>NISTRATOR: Jarrod Anderson
MASTER SERVICER: ICI Funding Corporation
> Bankers Trust Co. of California, NA
CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc
> 3 Park Plaza
RECORD DATE: December 31, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: January 25, 1999
> FACTOR INFORMATION(800) 735-7777
Page 1 of 5
> (c) COPYRIGHT 1999 Bankers Trust Company
IMH Assets Corp.
Impac CMB Trust Series 1998-3
Collateralized Mortgage bonds
Series 1998-3
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
CERTIFICATES 0.00 0.00 408,981.48 0.00
>408,981.48 0.00 0.00 0.00
TOTALS 0.00 0.00 408,981.48 0.00
>408,981.48 0.00 0.00 0.00
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
CERTIFICATES 0.000000 2.129152 0.000000
> 2.129152 0.000000 0.000000% 0.000000%
SELLER: Impac Mortgage Holdings, Inc. ADMI
>NISTRATOR: Jarrod Anderson
MASTER SERVICER: ICI Funding Corporation
> Bankers Trust Co. of California, NA
CO-LEAD UNDERWRITERS: Bear, Stearns & Co. Inc
> 3 Park Plaza
RECORD DATE: December 31, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: January 25, 1999
> FACTOR INFORMATION(800) 735-7777
Page 2 of 5
> (c) COPYRIGHT 1999 Bankers Trust Company
IMH Assets Corp.
Impac CMB Trust Series 1998-3
Payment Date Statement
Distribution Date: January 25, 1999
DELINQUENT AND
FORECLOSURE LOAN 30 TO 59 6
>0 TO 89 90 PLUS
INFORMATION DAYS
> DAYS DAYS TOTAL
PRINCIPAL BALANCE 0.00
> 0.00 0.00 0.00
PERCENTAGE OF POOL BALANCE 0.0000%
> 0.0000% 0.0000% 0.0000%
NUMBER OF LOANS 0
> 0 0 0
PERCENTAGE OF LOANS 0.0000%
> 0.0000% 0.0000% 0.0000%
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
> 0.00 0.00 2,970,689.33
PERCENTAGE OF POOL BALANCE 0.0000%
> 0.0000% 0.0000% 1.8630%
NUMBER OF LOANS 0
> 0 0 21
PERCENTAGE OF LOANS 0.0000%
> 0.0000% 0.0000% 1.8198%
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
> 0.00 0.00 1,578,067.21
PERCENTAGE OF POOL BALANCE 0.0000%
> 0.0000% 0.0000% 0.9897%
NUMBER OF LOANS 0
> 0 0 14
PERCENTAGE OF LOANS 0.0000%
> 0.0000% 0.0000% 1.2132%
REO LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
> 0.00 0.00 106,616.33
PERCENTAGE OF POOL BALANCE 0.0000%
> 0.0000% 0.0000% 0.0669%
NUMBER OF LOANS 0
> 0 0 1
PERCENTAGE OF LOANS 0.0000%
> 0.0000% 0.0000% 0.0867%
REO BOOK VALUE
> 0.00
AGGREGATE COLLECTIONS OF NET INTEREST WITH RESPECT TO THE MORTGAGE LOANS:
> 1,188,134.46
AGGREGATE COLLECTIONS OF PRINCIPAL WITH RESPECT TO THE MORTGAGE LOANS:
> 7,780,965.73
AGGREGATE COLLECTIONS WITH RESPECT TO THE MORTGAGE LOANS:
> 8,969,100.19
CURRENT PERIOD INTEREST REMITTANCE AMOUNT PAYABLE TO THE BONDHOLDERS:
> 1,193,149.93
CURRENT PERIOD PRINCIPAL DISTRIBUTION AMOUNT PAYABLE TO THE BONDHOLDERS:
> 7,801,391.06
CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW PAYABLE TO THE BONDHOLDERS:
> 20,049.33
CURRENT PERIOD CARRY FORWARD AMOUNT:
> 0.00
AGGREGATE PRIOR UNPAID INTEREST SHORTFALL:
> 0.00
CURRENT AGGREGATE PRINCIPAL BALANCE OF THE MORTGAGE LOANS:
> 159,453,894.66
AGGREGATE NUMBER OF THE MORTGAGE LOANS IN POOL:
> 1,154
CURRENT WEIGHTED AVERAGE NET MORTGAGE RATE:
> 8.5605%
CURRENT WEIGHTED AVERAGE MONTHS TO MATURITY:
> 346
Page 3 of 5
> (c) COPYRIGHT 1999 Bankers Trust Company
IMH Assets Corp.
Impac CMB Trust Series 1998-3
Payment Date Statement
Distribution Date: January 25, 1999
CURRENT PERIOD REQUIRED OVERCOLLATERALIZATION AMOUNT:
> 4,421,432.99
CURRENT PERIOD OVERCOLLATERALIZATION AMOUNT:
> 4,421,432.99
CURRENT PERIOD NET MONTHLY EXCESS CASHFLOW:
> 429,030.81
AMOUNT OF PRINCIPAL ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE:
> 376.00
AMOUNT OF INTEREST ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE:
> 6,994.66
AGGREGATE ADVANCES MADE WITH RESPECT TO THE RELATED PAYMENT DATE:
> 7,370.66
AMOUNT OF PREPAYMENT INTEREST SHORTFALLS WITH RESPECT TO THE RELATED PAYMENT DA
>TE: 25,143.94
AMOUNT OF COMPENSATING INTEREST MADE WITH RESPECT TO THE RELATED PAYMENT DATE:
> 25,143.94
THE AMOUNT OF DISTRIBUTION TO THE TRUST CERTIFICATES
> 408,981.48
MAXIMUM BOND INTEREST RATE FOR THE RELATED PAYMENT DATE:
> 14.0000%
AVAILABLE FUNDS INTEREST AMOUNT:
> 1,193,151.30
AGGREGATE AMOUNT OF REALIZED LOSSES FOR THE RELATED PAYMENT DATE:
> 20,149.02
CUMULATIVE AMOUNT OF REALIZED LOSSES SINCE THE CLOSING DATE:
> 20,149.02
CUMULATIVE LOSS PERCENTAGE FOR THE RELATED PAYMENT DATE:
> 0.0103%
DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE:
> 0.0000%
ROLLING DELINQUENCY PERCENTAGE FOR THE RELATED PAYMENT DATE:
> 1.7578%
AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN SA
>LE
AND CONTRIBUTION AGREEMENT FOR THE RELATED PAYMENT DATE:
> 0
AGGREGATE NUMBER OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTGAGE LOAN
SALE AND CONTRIBUTION AGREEMENT SINCE THE CLOSING DATE:
> 0
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTG
>AGE
LOAN SALE AND CONTRIBUTION AGREEMENT FOR THE RELATED PAYMENT DAT
>E: 0.00
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO THE MORTG
>AGE
LOAN SALE AND CONTRIBUTION AGREEMENT SINCE THE CLOSING DATE:
> 0.00
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3
>.18
OF THE SERVICING AGREEMENT FOR THE RELATED PAYMENT DATE:
> 0.00
AGGREGATE PRINCIPAL BALANCE OF MORTGAGE LOANS REPURCHASED PURSUANT TO SECTION 3
>.18
OF THE SERVICING AGREEMENT SINCE THE CLOSING DATE:
> 0.00
Page 4 of 5
> (c) COPYRIGHT 1999 Bankers Trust Company
IMH Assets Corp.
Impac CMB Trust Series 1998-3
Payment Date Statement
Distribution Date: January 25, 1999
AGGREGATE PRINCIPAL PREPAYMENTS APPLIED TO EACH CLASS:
CLASS A :
> 4,868,638.01
CLASS M-1 :
> 1,256,423.10
CLASS M-2 :
> 1,099,368.71
CLASS B :
> 451,526.36
INTEREST SHORTFALLS APPLIED TO EACH CLASS:
CLASS A :
> 0.00
CLASS M-1 :
> 0.00
CLASS M-2 :
> 0.00
CLASS B :
> 0.00
AGGREGATE NUMBER OF CONDO SELECT LOANS IN POOL:
> 27.00
CURRENT AGGREGATE PRINCIPAL BALANCE OF "CONDO SELECT LOANS:
> 995,011.64
Page 5 of 5
> (c) COPYRIGHT 1999 Bankers Trust Company
