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Previous: IMH ASSETS CORP COLLATERALIZED ASSET BACKED BONDS SER 2000 1, 8-K, 2000-09-08 |
Next: VAN KAMPEN FOCUS PORTFOLIOS SERIES 245, 497J, 2000-09-08 |
<TABLE>
<CAPTION>
Impac Assets Corp.
Mortgage Pass-Through Certificates
Record Date: 07/31/2000
Distribution Date: 08/25/2000
IMH Series: 2000-1
Contact: Customer Service - CTSLink
Wells Fargo Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A 45254NBC0 SEN 6.94000% 392,796,154.17 2,347,393.46 8,933,983.47
B 45254NBD8 JUN 9.02000% 21,061,455.98 163,589.01 479,033.97
TrustCert IMH0001TC JUN 0.00000% 0.00 221,581.90 0.00
OC IMH0001OC SEN 0.00000% 9,200,079.96 0.00 0.00
Totals 423,057,690.11 2,732,564.37 9,413,017.44
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A 0.00 383,862,170.70 11,281,376.93 0.00
B 0.00 20,582,422.02 642,622.98 0.00
TrustCert 0.00 0.00 221,581.90 0.00
OC 0.00 9,200,079.96 0.00 0.00
Totals 0.00 413,644,672.68 12,145,581.81 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A 428,950,000.00 392,796,154.17 280,616.86 8,653,366.61 0.00 0.00
B 23,000,000.00 21,061,455.98 15,046.48 463,987.49 0.00 0.00
TrustCert 0.00 0.00 0.00 0.00 0.00 0.00
OC 8,053,998.07 9,200,079.96 0.00 0.00 0.00 0.00
Totals 460,003,998.07 423,057,690.11 295,663.34 9,117,354.10 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A 8,933,983.47 383,862,170.70 0.89488791 8,933,983.47
B 479,033.97 20,582,422.02 0.89488791 479,033.97
TrustCert 0.00 0.00 0.00000000 0.00
OC 0.00 9,200,079.96 1.14229975 0.00
Totals 9,413,017.44 413,644,672.68 0.89921973 9,413,017.44
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A 428,950,000.00 915.71547772 0.65419480 20.17336895 0.00000000
B 23,000,000.00 915.71547739 0.65419478 20.17336913 0.00000000
TrustCert 0.00 0.00000000 0.00000000 0.00000000 0.00000000
OC 8,053,998.07 1142.29974729 0.00000000 0.00000000 0.00000000
<FN>
All Denominations are Per 1000
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A 0.00000000 20.82756375 894.88791398 0.89488791 20.82756375
B 0.00000000 20.82756391 894.88791391 0.89488791 20.82756391
TrustCert 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00000000 0.00000000 1,142.29974729 1.14229975 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A 428,950,000.00 6.94000% 392,796,154.17 2,347,393.46 0.00 0.00
B 23,000,000.00 9.02000% 21,061,455.98 163,589.01 0.00 0.00
TrustCert 0.00 0.00000% 0.00 0.00 0.00 0.00
OC 8,053,998.07 0.00000% 9,200,079.96 0.00 0.00 0.00
Totals 460,003,998.07 2,510,982.47 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A 0.00 0.00 2,347,393.46 0.00 383,862,170.70
B 0.00 0.00 163,589.01 0.00 20,582,422.02
TrustCert 0.00 0.00 221,581.90 0.00 0.00
OC 0.00 0.00 0.00 0.00 9,200,079.96
Totals 0.00 0.00 2,732,564.37 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A 428,950,000.00 6.94000% 915.71547772 5.47241744 0.00000000 0.00000000
B 23,000,000.00 9.02000% 915.71547739 7.11256565 0.00000000 0.00000000
TrustCert 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
OC 8,053,998.07 0.00000% 1142.29974729 0.00000000 0.00000000 0.00000000
<FN>
All Denominations are Per 1000
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A 0.00000000 0.00000000 5.47241744 0.00000000 894.88791398
B 0.00000000 0.00000000 7.11256565 0.00000000 894.88791391
TrustCert 0.00000000 0.00000000 55395475000.0000 0.00000000 0.00000000
OC 0.00000000 0.00000000 0.00000000 0.00000000 1142.29974729
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Component Statement
Class Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Rate Balance Balance Balance Balance Percentage
<S> <C> <C> <C> <C> <C> <C>
AMBAC 0.18000% 0.00 0.00 392,796,154.17 383,862,170.70 0.00000000%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 12,474,861.95
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses (17,028.16)
Total Deposits 12,457,833.79
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 312,251.98
Payment of Interest and Principal 12,145,581.81
Total Withdrawals (Pool Distribution Amount) 12,457,833.79
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 249,736.59
Certificate Administration Fee 0.00
Indenture Truste: Wells Fargo Bank, N.A. 2,996.64
Bond Insurance: Ambac 58,919.42
Owner Trustee: Wilmington Trust 599.33
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 312,251.98
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Financial Guaranty 0.00 0.00 0.00 0.00
Financial Guaranty 0.00 0.00 0.00 0.00
Financial Guaranty 0.00 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
30 Days 35 0 0 0 35
4,565,462.29 0.00 0.00 0.00 4,565,462.29
60 Days 19 0 0 0 19
1,969,322.05 0.00 0.00 0.00 1,969,322.05
90 Days 12 0 0 0 12
1,936,379.91 0.00 0.00 0.00 1,936,379.91
120 Days 8 0 0 0 8
1,422,525.84 0.00 0.00 0.00 1,422,525.84
150 Days 7 0 0 0 7
617,155.43 0.00 0.00 0.00 617,155.43
180 Days 14 0 0 0 14
1,263,915.29 0.00 0.00 0.00 1,263,915.29
Totals 95 0 0 0 95
11,774,760.81 0.00 0.00 0.00 11,774,760.81
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
30 Days 1.504729% 0.000000% 0.000000% 0.000000% 1.504729%
1.103716% 0.000000% 0.000000% 0.000000% 1.103716%
60 Days 0.816853% 0.000000% 0.000000% 0.000000% 0.816853%
0.476090% 0.000000% 0.000000% 0.000000% 0.476090%
90 Days 0.515907% 0.000000% 0.000000% 0.000000% 0.515907%
0.468126% 0.000000% 0.000000% 0.000000% 0.468126%
120 Days 0.343938% 0.000000% 0.000000% 0.000000% 0.343938%
0.343900% 0.000000% 0.000000% 0.000000% 0.343900%
150 Days 0.300946% 0.000000% 0.000000% 0.000000% 0.300946%
0.149199% 0.000000% 0.000000% 0.000000% 0.149199%
180 Days 0.601892% 0.000000% 0.000000% 0.000000% 0.601892%
0.305556% 0.000000% 0.000000% 0.000000% 0.305556%
Totals 4.084265% 0.000000% 0.000000% 0.000000% 4.084265%
2.846588% 0.000000% 0.000000% 0.000000% 2.846588%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 17,028.16
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 8.531329%
Weighted Average Net Coupon 7.822953%
Weighted Average Pass-Through Rate 7.812753%
Weighted Average Maturity(Stepdown Calculation ) 341
Beginning Scheduled Collateral Loan Count 2,367
Number Of Loans Paid In Full 41
Ending Scheduled Collateral Loan Count 2,326
Beginning Scheduled Collateral Balance 423,057,690.12
Ending Scheduled Collateral Balance 413,644,672.68
Ending Actual Collateral Balance at 31-Jul-2000 413,644,672.68
Monthly P &I Constant 3,303,367.11
Ending Scheduled Balance for Premium Loans 413,644,672.68
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 9,200,079.96
Overcollateralized Amount 9,200,079.96
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 9,200,079.96
Extra principal distribution Amount 0.00
Excess Cash Amount 238,610.17
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
CAP Contract Payment Amount 54,140.86
Cumulative Loss % .003702%
Rolling Delinquency % .625549%
Collateral Unscheduled Principal 9,117,354.10
Gross Collateral Interest 3,007,703.77
</TABLE>
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