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Previous: IMH ASSETS CORP COLLATERALIZED ASSET BACKED BONDS SER 2000 1, 8-K, 2001-01-04 |
Next: MELLON RESIDENTIAL FUNDING COR MOR PAS THR CER SER 2000-TBC1, 8-K, 2001-01-04 |
<TABLE>
<CAPTION>
Impac Assets Corp.
Mortgage Pass-Through Certificates
Record Date: 11/30/2000
Distribution Date: 12/26/2000
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 6.93750% 360,821,729.93 2,016,467.27 8,454,833.63
B 45254NBD8 JUN 9.01750% 19,347,009.64 140,538.56 453,342.29
TrustCert IMH0001TC JUN 0.00000% 0.00 441,299.02 0.00
OC IMH0001OC SEN 0.00000% 9,200,079.96 0.00 0.00
Totals 389,368,819.53 2,598,304.85 8,908,175.92
</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 0.00 352,366,896.29 10,471,300.90 0.00
B 0.00 18,893,667.36 593,880.85 0.00
TrustCert 0.00 0.00 441,299.02 0.00
OC 0.00 9,200,079.96 0.00 0.00
Totals 0.00 380,460,643.61 11,506,480.77 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 428,950,000.00 360,821,729.93 278,126.64 8,176,706.99 0.00 0.00
B 23,000,000.00 19,347,009.64 14,912.96 438,429.33 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 460,003,998.07 389,368,819.53 293,039.60 8,615,136.32 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 8,454,833.63 352,366,896.29 0.82146380 8,454,833.63
B 453,342.29 18,893,667.36 0.82146380 453,342.29
TrustCert 0.00 0.00 0.00000000 0.00
OC 0.00 9,200,079.96 1.14229975 0.00
Totals 8,908,175.92 380,460,643.61 0.82708117 8,908,175.92
</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 428,950,000.00 841.17433251 0.64838942 19.06214475 0.00000000
B 23,000,000.00 841.17433217 0.64838957 19.06214478 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 19.71053416 821.46379832 0.82146380 19.71053416
B 0.00000000 19.71053435 821.46379826 0.82146380 19.71053435
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 6.93750% 360,821,729.93 2,016,467.27 0.00 0.00
B 23,000,000.00 9.01750% 19,347,009.64 140,538.56 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 2,157,005.83 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 2,016,467.27 0.00 352,366,896.29
B 0.00 0.00 140,538.56 0.00 18,893,667.36
TrustCert 0.00 0.00 441,299.02 0.00 0.00
OC 0.00 0.00 0.00 0.00 9,200,079.96
Totals 0.00 0.00 2,598,304.85 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 6.93750% 841.17433251 4.70093780 0.00000000 0.00000000
B 23,000,000.00 9.01750% 841.17433217 6.11037217 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 4.70093780 0.00000000 821.46379832
B 0.00000000 0.00000000 6.11037217 0.00000000 821.46379826
TrustCert 0.00000000 0.00000000 0.00000000 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
Class Rate Balance Balance Balance Balance Percentage
<S> <C> <C> <C> <C> <C> <C>
AMBAC 0.18000% 0.00 0.00 360,821,729.93 352,366,896.29 0.00000000%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 11,797,160.98
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 459.50
Total Deposits 11,797,620.48
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 291,139.71
Payment of Interest and Principal 11,506,480.77
Total Withdrawals (Pool Distribution Amount) 11,797,620.48
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 233,706.84
Certificate Administration Fee 0.00
Indenture Truste: Wells Fargo Bank, N.A. 2,758.02
Bond Insurance: Ambac 54,123.26
Owner Trustee: Wilmington Trust 551.59
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 291,139.71
</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> LOAN STATUS STRATIFICATION/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
0-29 Days 0 1 0 1
0.00 66,359.99 0.00 66,359.99
30 Days 109 2 0 0 111
16,861,534.97 263,802.54 0.00 0.00 17,125,337.51
60 Days 39 0 0 0 39
5,278,598.86 0.00 0.00 0.00 5,278,598.86
90 Days 8 2 6 0 16
1,264,333.39 177,628.72 787,450.95 0.00 2,229,413.06
120 Days 4 2 8 0 14
281,194.40 251,904.84 1,468,496.41 0.00 2,001,595.65
150 Days 1 0 4 0 5
40,644.54 0.00 691,410.85 0.00 732,055.39
180+ Days 7 7 25 3 42
548,799.60 611,175.54 2,793,799.85 625,090.41 4,578,865.40
Totals 168 13 44 3 228
24,275,105.76 1,304,511.64 5,807,518.05 625,090.41 32,012,225.86
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
0-29 Days 0.000000% 0.046104% 0.000000% 0.046104%
0.000000% 0.017442% 0.000000% 0.017442%
30 Days 5.025357% 0.092208% 0.000000% 0.000000% 5.117566%
4.431874% 0.069338% 0.000000% 0.000000% 4.501211%
60 Days 1.798064% 0.000000% 0.000000% 0.000000% 1.798064%
1.387423% 0.000000% 0.000000% 0.000000% 1.387423%
90 Days 0.368834% 0.092208% 0.276625% 0.000000% 0.737667%
0.332316% 0.046688% 0.206973% 0.000000% 0.585977%
120 Days 0.184417% 0.092208% 0.368834% 0.000000% 0.645459%
0.073909% 0.066210% 0.385979% 0.000000% 0.526098%
150 Days 0.046104% 0.000000% 0.184417% 0.000000% 0.230521%
0.010683% 0.000000% 0.181730% 0.000000% 0.192413%
180+ Days 0.322729% 0.322729% 1.152605% 0.138313% 1.936376%
0.144246% 0.160641% 0.734320% 0.164298% 1.203506%
Totals 7.745505% 0.599355% 2.028585% 0.138313% 10.511757%
6.380451% 0.342877% 1.526444% 0.164298% 8.414070%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 23,262.86
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 8.586179%
Weighted Average Net Coupon 7.865916%
Weighted Average Pass-Through Rate 7.855717%
Weighted Average Maturity(Stepdown Calculation ) 337
Beginning Scheduled Collateral Loan Count 2,210
Number Of Loans Paid In Full 41
Ending Scheduled Collateral Loan Count 2,169
Beginning Scheduled Collateral Balance 389,368,819.53
Ending Scheduled Collateral Balance 380,460,643.61
Ending Actual Collateral Balance at 30-Nov-2000 380,460,643.61
Monthly P &I Constant 3,079,031.74
Ending Scheduled Balance for Premium Loans 380,460,643.61
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 356,922.61
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
CAP A Contract Payment Amount $ 52,820.11
CAP B Contract Payment Amount $ 50,172.83
Cumulative Loss % 0.005057%
Rolling Delinquency % 1.613352%
Collateral Unscheduled Principal $ 8,615,136.32
Gross Collateral Interest $ 2,785,992.14
</TABLE>
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