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): August 25, 1999
IMH ASSETS CORP.
(as Depositor under a Series 1999-2 Indenture dated as of June
28, 1999, providing for, among other things, the issuance of
Collateralized Asset-Backed Bonds Series 1999-2)
IMPAC CMB TRUST SERIES 1999-2 COLLATERALIZED ASSET-BACKED BONDS,
SERIES 1999-2
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-60707-02 33-0705301
(Commission File Number) (I.R.S. Employer
Identification No.)
1401 DOVE STREET
NEWPORT BEACH, CALIFORNIA 92660
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (949) 475-3600
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 of the Trust 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
August 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 Pooling and Servicing
Agreement, dated as of June 28, 1999.
Date: October 25, 1999 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Document
Monthly Remittance Statement to the Certificateholders
dated as of August 25, 1999.
IMPAC CMB Trust 1999-2
Collateralized Asset-Backed Bonds
August 25, 1999 Distribution
Contents
TABLE OF CONTENTS
> Page
1. Cont
>ents 1
2. Cert
>ificate Payment Report 2
3. Coll
>ection Account Report 6
4. Cred
>it Enhancement Report 9
5. Coll
>ateral Report 10
6. Deli
>nquency Report 13
7. REO
>Report 16
8. Prep
>ayment Report 17
9. Prep
>ayment Detail Report 20
10. Real
>ized Loss Report 21
11. Real
>ized Loss Detail Report 24
12. Trig
>gers, Adj. Rate Cert. and Miscellaneous Report 25
Tota
>l Number of Pages
> 25
CONTACTS
Adm
>inistrator: Jennifer C. Bohannon
Dir
>ect Phone Number: (949)224-8904
Add
>ress: Bankers Trust Company of California, N.A.
> 3 Park Plaza 16th Floor, Irvine, CA 92614
Web
> Site: http://online.bankerstrust.com/invr/
Fac
>tor Information: (800) 735-7777
Mai
>n Phone Number: (949) 253-7575
ISSUANCE INFORMATION
Seller: Impac Funding Corp.
> Cut-Off Date:
> June 1, 1999
Certificate Insurer: AMBAC Indemnity Cor
>poration Closing Date:
> June 28, 1999
Servicer(s): Impac Funding Corpo
>ration Master Servicer First Payment Date:
> July 26, 1999
Wendover Funding, I
>nc. Sub-Servicer
Underwriter(s): Donaldson, Lufkin &
> Jenerette Securities Underwriter Distribution Date:
> August 25, 1999
> Record Date:
> July 30, 1999
> Page 1 of 25
> (c) COPYRIGHT 1999 Bankers Trust Company
HISTORICAL DATA
> - STATEMENT 1 GROUP TOTAL
2
issue_idperiod
> t_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_
>3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for
>_3
IM9902 199908
> 010153233919537.5 0 0 0 97 12 0
> 0 0 0 0 0 0 0 0 0 0
> 0
IM9902 199907
> 0840897.5 0 0 0 0 28 0 0
> 0 0 0 0 0 0 0 0 0 0
> 0
HISTORICAL DATA
> - STATEMENT 1 GROUP 1
2
issue_idperiod
>sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_
>3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for
>_3
IM9902 199908
> 1 9383839686061.4 0 0 0 72 5 0
> 0 0 0 0 0 0 0 0 0 0
> 0
IM9902 199907
> 1 0 0 0 0 0 0 0 0
> 0 0 0 0 0 0 0 0 0 0
> 0
HISTORICAL DATA
> - STATEMENT 1 GROUP 2
2
issue_idperiod
>sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_
>3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for
>_3
IM9902 199908
> 2769394.1233476.1 0 0 0 25 7 0
> 0 0 0 0 0 0 0 0 0 0
> 0
IM9902 199907
> 2840897.5 0 0 0 0 28 0 0
> 0 0 0 0 0 0 0 0 0 0
> 0
HISTORICAL DATA
> - STATEMENT 1 GROUP 3
0
issue_idperiod
>sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_
>3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for
>_3
HISTORICAL DATA
> - STATEMENT 1 GROUP 4
0
issue_idperiod
>sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_
>3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for
>_3
>
> 0 0
t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3
>t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_
>3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg
>_ba
0522524.2 0 0 0 0 4 0 0
>0 0 0 0 0 0 0 0 0 0
> 0 0919537.5 12 0 0522524.2 4 0 01.17E
>+08
0 0 0 0 0 0 0 0 0
>0 0 0 0 0 0 0 0 0 0
> 0 0 0 0 0 0 0 0 0 01.18E
>+08
t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3
>t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_
>3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg
>_ba
0522524.2 0 0 0 0 4 0 0
>0 0 0 0 0 0 0 0 0 0
> 0 0686061.4 5 0 0522524.2 4 0 01.15E
>+08
0 0 0 0 0 0 0 0 0
>0 0 0 0 0 0 0 0 0 0
> 0 0 0 0 0 0 0 0 0 01.15E
>+08
t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3
>t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_
>3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg
>_ba
0 0 0 0 0 0 0 0 0
>0 0 0 0 0 0 0 0 0 0
> 0 0233476.1 7 0 0 0 0 0 0 2902
>268
0 0 0 0 0 0 0 0 0
>0 0 0 0 0 0 0 0 0 0
> 0 0 0 0 0 0 0 0 0 0 2904
>621
t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3
>t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_
>3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg
>_ba
t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3
>t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_
>3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg
>_ba
10
>0 0 356.52
> 0 0 0.00793062
168333.6 1439484 5918.06 0 0 11
>0 0 189.164
> 0
t_prepayt_repur
>ct_liquid_loan warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down
t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur
>ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p
1.16E+08 711 70185506.73 1387500 3978.97 0 0 10
>0 0 3211.2738178.14 4195.8 9490514 8982027 8435055351.8078351.47114.7956
>350.0413510.1369540.0531520.0104190.010419 0 0 0.007930622
1.17E+08 712 71182826.87 51984.2 1939.09 0 0 1
>0 0 38.4741793.71 629.3 9500618 8991542 8444161352.7488352.40853.8083
>820.041348 0.136960.0531650.0104210.010421 0 0 0
>
> 0 0.00606481
160593.3 1368472 6033.12 0 0 9
>0 0
> 0
t_prepayt_repur
>ct_liquid_loan warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down
t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur
>ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p
1.13E+08 625 61780149.41 1316488 4063.35 0 0 8
>0 0 3211.2736991.58 3568.44 9084852 8598131 8051571 356355.52584.4741
>690.0423990.1404250.0544990.0106830.010683 0 0 0.006064806
1.15E+08 626 62580443.93 51984.2 1969.77 0 0 1
>0 0 38.4740607.63 0 9094603 8607312 8060344 357356.51953.4805
>090.042395 0.140430.0545120.0106850.010685 0 0 0
>
> 0 0.08261763
7740.2671012.04 -115.06 0 0 2
>0 0
> 0
t_prepayt_repur
>ct_liquid_loan warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down
t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur
>ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p
2825983 86 84 5357.3271012.04 -84.38 0 0 2
>0 0 0 1186.56 627.36405662.7383895.7383483.6 184189.164617.663
>65 0 0 0 0 0 0 0 0.082617631
2902268 86 86 2382.94 0 -30.68 0 0 0
>0 0 0 1186.08 629.3406014.8384230.1383817.7 185190.191116.746
>13 0 0 0 0 0 0 0 0
>
> 0 0
0 0 0 0 0 0
>0 0
> 0
t_prepayt_repur
>ct_liquid_loan warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down
t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur
>ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p
>
> 0 0
0 0 0 0 0 0
>0 0
> 0
t_prepayt_repur
>ct_liquid_loan warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down
t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur
>ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p
0 0.00793062 00.004507 0 0.
>14
0 0.0
>79
BankruptREO Total Total Total
>
> Total Total Total
t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac
> 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM
>M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA
0 0.007930622 00.004507 0 Aug-99115.94770.0808
>22 0.0118590.988141
> 0.0061750.133379 0.0716364.79563513.90631
0 0 0 0 0 Jul-99117.42470.0808
>14 0.0004590.999541
> 0.0004590.005494 0.0054943.8083820.721327
0 0.00606481 00.004619 0
BankruptREO ARM LoanARM LoanARM Lo
>ans
> ARM Loans ARM Loans ARM Loans
t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac
> 1or 2 pa1or 2 padel_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM
>M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA
0 0.006064806 00.004619 0 Aug-99113.12170.0793
>28 0.0115390.988461
> 0.00602 0.13001 0.06994.47416914.52892
0 0 0 0 0 Jul-99114.5224 0.079
>32 0.0004710.999529
> 0.0004710.005636 0.0056363.4805090.809678
0 0.08261763 0 0 0
BankruptREO High LTVHigh LTVHigh L
>TV's
> High LTV's High LTV's High LTV's
t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac
> 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM
>M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA
0 0.082617631 0 0 0 Aug-992.8259830.1397
>74 0.0244840.975516
> 0.012318 0.2573 0.138217.663657.283323
0 0 0 0 0 Jul-992.9022680.1397
>82 0 1
> 0 0 016.74613 0
0 0 0 0 0
BankruptREO
t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac
> 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM
>M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA
0 0 0 0 0
BankruptREO
t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac
> 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM
>M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA
>
> Printing Pages Starting# Pages # Pag
>es
Total Total
>
> 1 1Contents 1 1
CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR
> CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever
>ity 2 2Certificate Payment Repo 2 4
> 0
8.3258931391.479 0 1 0 0
> 0 0 0
> 3 3Collection Account Repor 6 3
> 0
0.72132753.92329 0 1 0 0
> 0 0 0
> 4 4Credit Enhancement Repor 9 1
>
> 5 5Collateral Report 10 3
> 0
>
> 6 6Delinquency Report 13 3
> 0
>
> 7 7REO Report 16 1
>
> 8 Foreclosure Report 0
>
> 9 8Prepayment Report 17 3
> 0
>
> 10 9Prepayment Detail Report 20 1
>
> 11 10Realized Loss Report 21 3
> 0
>
> 12 11Realized Loss Detail Rep 24 1
>
> 13 12Triggers, Adj. Rate Cert 25 1
>
> 14 Other Related Information 0
>
> 15 Additional Certificate Report 0
>
> 16 Historical Certificate Payment Report
>
> 17 Credit Ratings
>
> Total Total Total Number of Pages 25
ARM LoanARM Loans ARM Loans
> ARM Loans ARM Loans
CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR
> CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever
>ity
8.7872261320.551 0 1 0 0
> 0 0 0
0.80967853.95397 0 1 0 0
> 0 0 0
High LTVHigh LTV's High LTV's
> High LTV's High LTV's
CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR
> CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever
>ity
4.0162970.92766 0 1 0 0
> 0 0 0
0-0.03068 0 1 0 0
> 0 0 0
CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR
> CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever
>ity
CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR
> CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever
>ity
# Pages Total # # Standard Pgs per Report
1 1
0 4 2 1
0 3 3 1
1 1 1
0 3 3 1
0 3 1 1
1 1
0 0
0 3 3 1
1 1
0 3 3 1
1 1
1 1 1
0 0
0 1 0
0 0
0 0
25
