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Previous: IMH ASSETS CORP COLLATERALIZED ASSET BACKED BONDS SER 2000 1, 8-K, 2000-06-08 |
Next: DDR SYSTEMS INC, S-1/A, 2000-06-08 |
<TABLE>
<CAPTION>
Impac Assets Corp.
Mortgage Pass-Through Certificates
Record Date: 4/30/2000
Distribution Date: 5/25/2000
IMH Series: 2000-1
Contact: Customer Service - CTSLink
Norwest 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 6.46500% 416,912,283.00 2,246,114.92 7,189,961.01
B 45254NBD8 JUN 8.54500% 22,354,546.00 159,183.00 385,520.70
TrustCert IMH0001TC JUN 0.00000% 0.00 444,738.32 0.00
OC IMH0001OC SEN 0.00000% 9,200,079.96 0.00 0.00
Totals 448,466,908.96 2,850,036.24 7,575,481.71
</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 0.00 409,722,321.99 9,436,075.93 0.00
B 0.00 21,969,025.30 544,703.70 0.00
TrustCert 0.00 0.00 444,738.32 0.00
OC 0.00 9,200,079.96 0.00 0.00
Totals 0.00 440,891,427.25 10,425,517.95 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 428,950,000.00 416,912,283.00 306,813.85 6,883,147.16 0.00 0.00
B 23,000,000.00 22,354,546.00 16,451.15 369,069.55 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 460,003,998.07 448,466,908.96 323,265.00 7,252,216.71 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 7,189,961.01 409,722,321.99 0.95517501 7,189,961.01
B 385,520.70 21,969,025.30 0.95517501 385,520.70
TrustCert 0.00 0.00 0.00000000 0.00
OC 0.00 9,200,079.96 1.14229975 0.00
Totals 7,575,481.71 440,891,427.25 0.95845129 7,575,481.71
</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 428,950,000.00 971.93678284 0.71526716 16.04650230 0.00000000
B 23,000,000.00 971.93678261 0.71526739 16.04650217 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 16.76176946 955.17501338 0.95517501 16.76176946
B 0.00000000 16.76176957 955.17501304 0.95517501 16.76176957
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 6.46500% 416,912,283.00 2,246,114.92 0.00 0.00
B 23,000,000.00 8.54500% 22,354,546.00 159,183.00 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 2,405,297.92 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 2,246,114.92 0.00 409,722,321.99
B 0.00 0.00 159,183.00 0.00 21,969,025.30
TrustCert 0.00 0.00 444,738.32 0.00 0.00
OC 0.00 0.00 0.00 0.00 9,200,079.96
Totals 0.00 0.00 2,850,036.24 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 6.46500% 971.93678284 5.23630941 0.00000000 0.00000000
B 23,000,000.00 8.54500% 971.93678261 6.92100000 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 5.23630941 0.00000000 955.17501338
B 0.00000000 0.00000000 6.92100000 0.00000000 955.17501304
TrustCert 0.00000000 0.00000000 111184580000.000 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
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Rate Balance Balance Balance Balance Percentage
Class
<S> <C> <C> <C> <C> <C> <C>
AMBAC 0.18000% 416,912,283.00 409,722,321.99 0.00 0.00 95.51750134%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 10,752,277.12
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 10,752,277.12
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 326,759.17
Payment of Interest and Principal 10,425,517.95
Total Withdrawals (Pool Distribution Amount) 10,752,277.12
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 260,410.37
Certificate Administration Fee 0.00
Indenture Truste: Norwest Bank 3,176.64
Bond Insurance: Ambac 62,536.84
Owner Trustee: Wilmington Trust 635.32
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 326,759.17
</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
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 38 4,610,664.46 1.556102% 1.045760%
60 Days 19 2,769,361.28 0.778051% 0.628128%
90+ Days 20 2,259,291.29 0.819001% 0.512437%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 77 9,639,317.03 3.153153% 2.186324%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Principal Balance of Contaminated Properties 0.00
Current Period Class Class A Insufficient Funds 0.00
Periodic Advance 0.00
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 8.416806%
Weighted Average Net Coupon 7.720004%
Weighted Average Pass-Through Rate 7.542469%
Weighted Average Maturity(Stepdown Calculation ) 344
Beginning Scheduled Collateral Loan Count 2,477
Number Of Loans Paid In Full 35
Ending Scheduled Collateral Loan Count 2,442
Beginning Scheduled Collateral Balance 448,466,908.96
Ending Scheduled Collateral Balance 440,891,427.25
Ending Actual Collateral Balance at 30-Apr-2000 441,182,353.20
Monthly P &I Constant 3,468,814.01
Ending Scheduled Balance for Premium Loans 440,891,427.25
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 429,679.38
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
CAP Contract Payment Amount 31,246.36
Cumulative Loss % 0.00%
Rolling Delinquency % .317389%
Collateral Unscheduled Principal 7,252,216.71
Gross Collateral Interest 3,145,549.01
</TABLE>
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