-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JEvfGt8vx8xFpxxyfCKWxVQb5pdqtqMy2rKHf/AHkT9Whh/XPuM4y1VFW57vlKYy dgWFJ8ditduo7qFVsn5bPg== 0000950144-98-003710.txt : 19980401 0000950144-98-003710.hdr.sgml : 19980401 ACCESSION NUMBER: 0000950144-98-003710 CONFORMED SUBMISSION TYPE: 10-K405 PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980331 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMC HOME EQUITY LOAN TRUST 1997-2 CENTRAL INDEX KEY: 0001037152 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133964150 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K405 SEC ACT: SEC FILE NUMBER: 333-04911-04 FILM NUMBER: 98580254 BUSINESS ADDRESS: STREET 1: 450 W 33RD ST STREET 2: C/O CHASE MANHATTANN BANK CITY: TAMPA STATE: FL ZIP: 33617 BUSINESS PHONE: 8139848801 MAIL ADDRESS: STREET 1: C/O IMC SECURITIES INC STREET 2: 5901 EAST FOWLER AVE CITY: TAMPA STATE: FL ZIP: 336187 10-K405 1 IMC MORTGAGE FORM 10-K405 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] For the fiscal year ended December 31, 1997 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] For the transition period from _______ to _______. Commission File Number 333-04911-04 ------------ IMC HOME EQUITY LOAN TRUST 1997-2 ------------------------------------------------------ (Exact name of registrant as specified in its charter) New York 13-3964150 - --------------------------------- --------------------- (State of other jurisdiction of (I.R.S. Employer Incorporation or organization) Identification No.) c/o The Chase Manhattan Bank Structured Finance Services 450 West 33rd Street, New York, NY 10001-2697 - ---------------------------------------- -------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (813) 984-8801 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered: None None ------------------- ----------------------------------------- None - -------------------------------------------------------------------------------- (Title of class) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No . --- --- Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (s 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X] State the aggregate market value of the voting stock held by non-affiliates of registrant. The aggregate market value shall be computed by reference to the price at which the stock was sold, or the average bid and asked prices of such stock, as of specified date within 60 days prior to the date of filing: Not Applicable Documents Incorporated by Reference: Not Applicable 2 IMC HOME EQUITY LOAN TRUST 1997-2 INDEX
Page PART I ......................................................................... 3 ITEM 1 - BUSINESS .................................................. 3 ITEM 2 - PROPERTIES ................................................ 3 ITEM 3 - LEGAL PROCEEDINGS ........................................ 3 ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS ....... 3 PART II ........................................................................ 3 ITEM 5 - MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER MATTERS .................................. 3 ITEM 6 - SELECTED FINANCIAL DATA ................................... 3 ITEM 7 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS ............................ 3 ITEM 7A - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.................................................. 4 ITEM 8 - FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA ............... 4 ITEM 9 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE ............................. 4 PART III ....................................................................... 4 ITEM 10 - DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT ........ 4 ITEM 11 - EXECUTIVE COMPENSATION ..................................... 4 ITEM 12 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT ........................................... 4 ITEM 13 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS ............. 9 PART IV ........................................................................ 9 ITEM 14 - EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K ............................................. 9 SIGNATURES .................................................................. 11 INDEX TO EXHIBITS .............................................................. 12
-2- 3 PART I ITEM 1 - BUSINESS Not Applicable ITEM 2 - PROPERTIES Not Applicable ITEM 3 - LEGAL PROCEEDINGS The Depositor is not aware of any material pending legal proceedings involving either the IMC Home Equity Loan Trust 1997-2 (the "Trust"), established pursuant to the Pooling and Servicing Agreement (the "Agreement") dated March 1, 1997, among The Chase Manhattan Bank, as trustee (the "Trustee"), IMC Securities, Inc., as depositor (the "Depositor") and IMC Mortgage Company (as successor by merger to Industry Mortgage Company, L.P.), as servicer (the "Servicer"); the Trustee; the Depositor or the Servicer which relates to the Trust. ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS No matter has been submitted to a vote of the holders of beneficial interests in the Trust through the solicitation of proxies or otherwise. PART II ITEM 5 - MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER MATTERS To the best knowledge of the Depositor, there is no established public trading market for any beneficial interests in the Trust. All of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates and Class A-8 Certificates issued by the Trust are held by the Depository Trust Company ("DTC") which in turn maintains records of holders of beneficial interests in such Certificates. Based on information obtained by the Trust from DTC, as of February 19, 1997, there were 4 holders of the Class A-1 Certificates, 3 holders of the Class A-2 Certificates, 9 holders of the Class A-3 Certificates, 3 holders of the Class A-4 Certificates, 3 holders of the Class A-5 Certificates, 3 holders of the Class A-6 Certificates, 9 holders of the Class A-7 Certificates and 7 holders of the Class A-8 Certificates. ITEM 6 - SELECTED FINANCIAL DATA Not Applicable ITEM 7 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Not Applicable -3- 4 ITEM 7A - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Not Applicable ITEM 8 - FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA In addition to the information included in the Annual Compilation of Monthly Trustee's Statements attached as Exhibit 99.3 hereto, the gross servicing compensation paid to the Servicer for the year ended December 31, 1997 was $1,532,291.72. ITEM 9 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE There were no changes of accountants or disagreements on accounting or financial disclosures between IMC Mortgage Company (as successor by merger to Industry Mortgage Company, L.P.) (the "Issuer") and its accountants. PART III ITEM 10 - DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT Not Applicable ITEM 11 - EXECUTIVE COMPENSATION Not Applicable ITEM 12 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth (I) the name and address of each entity owning more than 5% of the outstanding principal amount of each Class of Class A Certificates of the Trust; (ii) the principal amount of the Class of Certificates owned by each and (iii) the percent that the principal amount of the Class of Certificates owned by such entity represents of the outstanding principal amount of such Class of Certificates. The information set forth in the table for the Class A Certificates is based upon information obtained by the Trust from DTC and represents ownership of beneficial interest in the Certificates held by DTC. The Depositor is not aware of any Schedules 13D or 13G filed with the Securities and Exchange Commission in respect of the Certificates.
DTC Participant Number (Name and Address below) Principal Amount % of Class - ------------------------ ---------------- ---------- Class A-1 902 $50,000,000 39.48% 2339 $20,000,000 15.79% 930 $54,143,000 42.75%
-4- 5 Class A-2 901 $ 7,500,000 21.42% 5132 $ 5,000,000 14.28% 997 $22,521,000 64.31% Class A-3 901 $ 5,000,000 7.89% 903 $15,085,000 23.80% 954 $16,200,000 25.56% 991 $10,500,000 16.57% 2163 $ 6,551,000 10.34% 2128 $ 8,230,000 12.99% Class A-4 954 $22,030,000 52.41% 902 $10,000,000 23.79% 997 $10,000,000 23.79% Class A-5 901 $ 4,437,000 33.02% 930 $ 1,000,000 7.44% 908 $ 8,000,000 59.54% Class A-6 901 $ 7,250,000 32.23% 2260 $14,248,000 63.33% Class A-7 901 $ 3,485,000 12.91% 2163 $ 3,050,000 11.30% 997 $15,907,000 58.91% Class A-8 903 $38,000,000 54.29% 2027 $ 4,000,000 5.71% 2203 $20,000,000 28.57%
DTC Participant Number Name and Address - ---------------------- ---------------- 10 Brown Brothers Harriman & Co. 63 Wall Street, 8th Floor New York, NY 10005 30 Prudential Securities Incorporated Issuer Services c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
-5- 6 50 Morgan Stanley & Co. Incorporated One Pierrepont Plaza, 7th Floor Brooklyn, NY 11201 187 Chase Securities Inc. 55 Water Street, Room 434 New York, NY 10041 274 Salomon Brothers Inc. 8800 Hidden River Parkway Tampa, FL 33637 352 Bear Stearns Securities Corp. One Metrotech Center North, 4th Floor Brooklyn, NY 11201-3862 418 Smith Barney Inc. 333 W. 34th Street New York, NY 10001 498 Deutsche Morgan Grenfell Inc. Issuer Services c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717 652 PWI CMO Account 1000 Harbor Blvd., 8th Floor Weehawken, NJ 07087 667 Daiwa Securities Trust Company One Evertrust Plaza Jersey City, NJ 07302 901 Bank of New York 925 Patterson Plank Rd. Secaucus, NJ 07094 902 Chase Manhattan Bank Trim Supervisor 13th Floor 4 New York Plaza New York, NY 10004 903 Bankers Trust Company c/o BT Services Tennessee, Inc. 648 Grassmere Park Drive Nashville, TN 37211 908 Citicorp Services, Inc. P.O. Box 30576 Tampa, FL 33630-3576 929 First Union National Bank 401 South Tryon Street Charlotte, NC 28288 930 Chase Manhattan Bank/Chemical Proxy Department 13th Floor 4 New York Plaza New York, NY 10004 937 Fiduciary Trust Company International Two World Trade Center, 96th Floor New York, NY 10048-0772 954 Boston Safe Deposit & Trust Co. c/o Mellon Bank N.A. Three Mellon Bank Center, Room 153-3015 Pittsburgh, PA 15259
-6- 7 987 Fiduciary SSB 108 Myrtle Street Newport Office Bldg. N. Quincy, MA 02171 991 Central Fidelity Bank P.O. Box 27602 5th Floor Vault Richmond, VA 23261 997 SSB-Custodian Global Corp Action Dept JAB5W P.P. Box 1631 Boston, MA 02105-1631 2027 Norwest Bank Minnesota, NA 733 Marquette Avenue Minneapolis, MN 55479-0056 2108 Comerica Bank Cap.Chg./Proxy 7CBB/MC 3530 Detroit, MI 48275-3530 2116 Fifth Third Bank (The) Dept. 00850 - Proxy 38 Fountain Square Plaza Cincinnati, OH 45263 2128 First National Bank of Maryland Trust Division-Operations Dept. 101-62 25 S. Charles Street Baltimore, MD 21201 2130 Bank of America Personal Trust Proxy Unit #38432 555 S. Flower Street, Level C Los Angeles, CA 90071 2145 Union Bank Of California, N.A. Safekeeping Department 475 Sansome Street, 11th Floor San Francisco, CA 94145 2163 Corestates Bank, N.A. P.O. Box 7618 F.C. #1-9-1-21 Philadelphia, PA 19106-7618 2203 Republic National Bank of NY Investment Account One Hanson Place, Lower Level Brooklyn, NY 11243 2215 Wilmington Trust Company Rodney Square North 1100 North Market Street Wilmington, DE 19890-0001 2219 Star, Bank, National Association, Cincinnati P.O. Box 1118 Mail Location 6120 Cincinnati, OH 45201-1118 2251 Lasalle National Bank Issuer Services c/o ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717
-7- 8 2260 Chase Manhattan Bank/Salomon 4 New York Plaza, 21st Floor New York, NY 10004 2316 National City Bank 1900 East 9th Street Cleveland, Ohio 44114 2339 BNY/ITC - Dealers Clearance Special C/O N.A. Schapiro & Co. IN. One Chase Manhattan Plaza, 58th Floor New York, NY 10005 2424 Custodial Trust Company 101 Carnegie Center Princeton, NJ 08540 2438 The Bank of New York/Western Trust Company One Wall Street New York, NY 10286 2450 UMB Bank, NA P.O. Box 419260 Kansas City, MO 64141-6260 2616 PNC Bank, National Association 1835 Market Street 11 Penn Center, 15th Floor Philadelphia, PA 19103 2669 Northern Trust Company 801 S. Canal C-In Chicago, IL 60607 2761 Morgan Stanley Trust Company Investor Communications Services 51 Mercedes Way Edgewood, NY 11717 2827 Investors Fiduciary Trust Company/SSB Global Corp Action Dept JAB5W P.O. Box 1631 Boston, MA 02105-1631 2834 PNC Bank, N.A./Pittsburgh One PNC Plaza, 9th Floor, 249 5th Avenue Pittsburgh, PA 15222-7707 5132 Merrill Lynch, Pierce, Fenner & Smith, Inc. - Debt SEC 4 Corporate Place Corporate Park 287 Piscataway, NJ 08855
-8- 9 ITEM 13 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS [None] Part IV ITEM 14 - EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K (a) The following documents are filed as part of this report: 1. Financial Statements: Not applicable. 2. Financial Statement Schedules: Not applicable. 3. Exhibits:
EXHIBIT NO. DESCRIPTION ----------- ----------- 99.1 Statement of Compliance of the Servicer. 99.2 Annual Report of Independent Accountants with respect to the Servicer's overall servicing operations. 99.3 Annual compilation of Monthly Trustee's Statement.
(b) Reports on Form 8-K 10 reports on Form 8-K have been filed by the issuer during the period covered by this report.
DATE OF REPORTS ON FORM 8-K ITEMS REPORTED/FINANCIAL STATEMENTS FILED April 21, 1997 Trustee's Monthly Report for the March Monthly Period. May 20, 1997 Trustee's Monthly Report for the April Monthly Period.
-9- 10 June 20, 1997 Trustee's Monthly Report for the May Monthly Period. July 21, 1997 Trustee's Monthly Report for the June Monthly Period. August 20, 1997 Trustee's Monthly Report for the July Monthly Period. September 22, 1997 Trustee's Monthly Report for the August Monthly Period. October 20, 1997 Trustee's Monthly Report for the September Monthly Period. November 20, 1997 Trustee's Monthly Report for the October Monthly Period. December 22, 1997 Trustee's Monthly Report for the November Monthly Period. January 20, 1998 Trustee's Monthly Report for the December Monthly Period.
-10- 11 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Depositor has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. By: IMC Securities, Inc., As Depositor By: /s/ Thomas G. Middleton -------------------------------------- Name: Thomas G. Middleton Title: President, Chief Operating Officer, Assistant Secretary and Director By: /s/ Stuart D. Marvin -------------------------------------- Name: Stuart D. Marvin Title: Chief Financial Officer Date: March 28, 1998 -11- 12 INDEX TO EXHIBITS Item 14(C)
EXHIBIT NO. DESCRIPTION ----------- ----------- 99.1 Statement of Compliance of the Servicer. 99.2 Annual Report of Independent Accountants with respect to the Servicer's overall servicing operations. 99.3 Annual compilation of Monthly Trustee's Statement.
-12- EX-99.1 2 STATEMENT OF COMPLIANCE OF THE SERVICER 1 EXHIBIT 99.1 IMC HOME EQUITY LOAN TRUST 1997-2 Officer's Certificate In connection with the above-referenced trust and pursuant to Section 8.16 of the related Pooling and Servicing Agreement ("Agreement"), IMC Mortgage Company (as "Servicer"), hereby confirms the following: (i) a review of the activities of the Servicer during 1997 and of performance under the Agreement has been made under my supervision; and (ii) to the best of my knowledge, based on such review, the Servicer has fulfilled all of its obligations under the Agreement for the calendar year 1997. IMC Mortgage Company By: /s/ Thomas G. Middleton --------------------------------------------- Thomas G. Middleton President & Chief Operating Officer EX-99.2 3 ANNUAL REPORT OF INDEPENDENT ACCOUNTANTS 1 EXHIBIT 99.2 REPORT OF INDEPENDENT ACCOUNTANTS-UNIFORM SINGLE ATTESTATION PROGRAM To the Board of Directors of IMC Mortgage Company and Subsidiaries We have examined the assertion by IMC Mortgage Company and Subsidiaries' management about compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers (USAP) as of and for the year ended December 31, 1997 included in the accompanying management assertion. Management is responsible for IMC Mortgage Company and Subsidiaries' compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the entity's compliance based on our examination. Our examination was made in accordance with standards established by the American Institute of Certified Public Accounts and, accordingly, included examining, on a test basis, evidence about IMC Mortgage Company and Subsidiaries' compliance with the minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on IMC Mortgage Company and Subsidiaries' compliance with the minimum servicing standards. In our opinion, management's assertion that IMC Mortgage Company and Subsidiaries complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 1997 is fairly stated, in all material respects. /s/ COOPERS & LYBRAND L.L.P. Tampa, Florida February 20, 1998 2 [IMC LETTERHEAD] March 23, 1998 Coopers & Lybrand 101 East Kennedy Blvd. Suite 1500 Tampa, FL 33602 As of and for the year ended December 31, 1997, IMC Mortgage Company and Subsidiaries has compiled in all material respects with minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers. For the period January 1 to June 30, 1997, IMC Mortgage Company and Subsidiaries had in effect a fidelity bond policy in the amount of $4,000,000. As of and for the six months ended December 31, 1997, IMC Mortgage Company and Subsidiaries had in effect a fidelity bond policy in the amount of $8,000,000. As of and for the year ended December 31, 1997, IMC Mortgage Company and Subsidiaries had in effect an errors and omissions policy in the amount of $2,000,000. /s/ Stuart D. Marvin ----------------------------------------- Stuart D. Marvin, Chief Financial Officer EX-99.3 4 ANNUAL COMPILATION OF MONTHLY TRUSTEES STATEMENT 1 Exhibit 99.3 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2
DISTRIBUTION: 21-Apr-97 PAGE # 1 ORIGINAL BEGINNING CERTIFICATE CERTIFICATE PRINCIPAL INTEREST CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION A-1 126,643,000.00 126,643,000.00 5,096,223.01 699,702.58 A-2 35,021,000.00 35,021,000.00 0.00 195,533.92 A-3 63,371,000.00 63,371,000.00 0.00 366,495.62 A-4 42,030,000.00 42,030,000.00 0.00 253,931.25 A-5 13,437,000.00 13,437,000.00 0.00 83,757.30 A-6 22,498,000.00 22,498,000.00 0.00 143,799.72 A-7 27,000,000.00 27,000,000.00 0.00 162,675.00 A-8 70,000,000.00 70,000,000.00 704,303.15 355,911.11 R N/A N/A N/A 0.00 - ------------------------------------------------------------------------------------------- TOTALS 400,000,000.00 400,000,000.00 5,800,526.16 2,261,806.50 ENDING ENDING TOTAL CERTIFICATE SUBORDINATE PRINCIPAL CLASS DISTRIBUTION BALANCE AMOUNT BALANCE A-1 5,795,925.59 121,546,776.99 A-2 195,533.92 35,021,000.00 A-3 366,495.62 63,371,000.00 A-4 253,931.25 42,030,000.00 A-5 83,757.30 13,437,000.00 A-6 143,799.72 22,498,000.00 A-7 162,675.00 27,000,000.00 1,016,661.60 325,920,438.59 A-8 1,060,214.26 69,295,696.85 173,844.45 69,469,541.30 R 0.00 N/A - ------------------------------------------------------------------------------------------ TOTALS 8,062,332.66 394,199,473.84 1,190,506.05 395,389,979.89
FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END. CERT. CLASS DISTRIBUTION DISTRIBUTION BALANCE A-1 40.24085824 5.52500004 959.75914176 A-2 0.00000000 5.58333343 1000.00000000 A-3 0.00000000 5.78333339 1000.00000000 A-4 0.00000000 6.04166667 1000.00000000 A-5 0.00000000 6.23333333 1000.00000000 A-6 0.00000000 6.39166681 1000.00000000 A-7 0.00000000 6.02500000 1000.00000000 A-8 10.06147357 5.08444443 989.93852643 - ------------------------------------------------------------------------ TOTALS 14.5013154 2.23809125 985.4986846
PASS THRU RATES
INIT PASS CURR PASS CLASS THRU RATE THRU RATE A-1 6.63000000% 6.63000000% A-2 6.70000000% 6.70000000% A-3 6.94000000% 6.94000000% A-4 7.25000000% 7.25000000% A-5 7.48000000% 7.48000000% A-6 7.67000000% 7.67000000% A-7 7.23000000% 7.23000000% A-8 5.72000000% 5.72000000%
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: ANN MARIE JOSE THE CHASE MANHATTAN BANK - ASPG 450 WEST 33RD STREET, 15TH FLOOR NEW YORK, NEW YORK 10001 (212) 946-7148 (C) COPYRIGHT 1997, CHASE BANKING CORPORATION 2 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2
DISTRIBUTION: 21-Apr-97 PAGE # 2 GROUP I GROUP II ------- -------- SECTION 7.08 (1) BEGINNING CERTIFICATE ACCOUNT 7,046,084.40 1,069,543.17 SECTION 7.08 (2) CLASS A DISTRIBUTION AMOUNT 8,062,332.66 GROUP I GROUP II ------- -------- SECTION 7.08 (3) SUBORDINATION INCREASE AMOUNT 1,152,685.39 173,844.45 SECTION 7.08 (4) INSURED PAYMENT 0.00 0.00 SECTION 7.08 (6) BEGINNING CLASS A CERTIFICATE PRINCIPAL BALANCE 400,000,000.00 CLASS A PRINCIPAL DISTRIBUTION 5,800,526.16 ENDING CLASS A CERTIFICATE PRINCIPAL BALANCE 394,199,473.84 SECTION 7.08 (7) REALIZED LOSSES 0.00 GROUP I GROUP II ------- -------- SECTION 7.08 (8) SUBORDINATION REDUCTION AMOUNT 0.00 0.00 SECTION 7.08 (9) (A)PRE-FUNDED AMOUNT PREVIOUSLY USED TO PURCHASE SUBSEQUENT MORTGAGE LOANS 136,023.79 0.00 (B)PRE-FUNDED AMOUNT DISTRIBUTED AS A CLASS A PRINCIPAL DISTRIBUTION AMOUNT 45,569.39 14,781.44 (C)PRE-FUNDING ACCOUNT EARNINGS TRANSFERRED TO THE CAPITALIZED INTEREST ACCOUNT 0.00 0.00 (D)THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE CERTIFICATE ACCOUNT 0.00 THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE DEPOSITOR 0.00 SECTION 7.08 (10) THE AMOUNT BY WHICH THE SERVICING FEE IS REDUCED 0.00 DUE TO GROUP I UNDERWATER LOANS PER $1000 --------- SECTION 7.09 (a)(i) CLASS A-1 DISTRIBUTION 5,795,925.59 45.77 CLASS A-2 DISTRIBUTION 195,533.92 5.58 CLASS A-3 DISTRIBUTION 366,495.62 5.78 CLASS A-4 DISTRIBUTION 253,931.25 6.04 CLASS A-5 DISTRIBUTION 83,757.30 6.23 CLASS A-6 DISTRIBUTION 143,799.72 6.39 CLASS A-7 DISTRIBUTION 162,675.00 6.03 CLASS A-8 DISTRIBUTION 1,060,214.26 15.15 CLASS R DISTRIBUTION 0.00 SECTION 7.09 (a)(ii) GROUP I CLASS A PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 30,321.63 0.09 PRINCIPAL PREPAYMENTS 3,867,646.60 11.72 SUBORDINATION INCREASE AMOUNT 1,152,685.39 3.49 PRIN PREPAY FROM PRE-FUND ACCT 45,569.39 0.14 OTHER 0.00 0.00 GROUP II CLASS A-8 PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 11,594.85 0.17 PRINCIPAL PREPAYMENTS 504,082.41 7.20 SUBORDINATION INCREASE AMOUNT 173,844.45 2.48 PRIN PREPAY FROM PRE-FUND ACCT 14,781.44 0.21 OTHER 0.00 0.00 SECTION 7.09 (a)(iv) CLASS A-1 CARRYFORWARD 0.00 CLASS A-2 CARRYFORWARD 0.00 CLASS A-3 CARRYFORWARD 0.00 CLASS A-4 CARRYFORWARD 0.00 CLASS A-5 CARRYFORWARD 0.00 CLASS A-6 CARRYFORWARD 0.00 CLASS A-7 CARRYFORWARD 0.00 CLASS A-8 CARRYFORWARD 0.00 0.00 SECTION 7.09 (a)(v) INSURED PAYMENT INCLUDED IN CLASS A DISTRIBUTION 0.00
(C) COPYRIGHT 1997, CHASE BANKING CORPORATION 3 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2
DISTRIBUTION: 21-Apr-97 PAGE # 3 GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vi) ENDING AGGREGATE LOAN BALANCE 325,920,438.59 69,469,541.30 ENDING NUMBER OF LOANS 5282 726 ENDING CERTIFICATE BALANCE: PER $1000 --------- CLASS A-1 121,546,776.99 959.7591418 CLASS A-2 35,021,000.00 1000 CLASS A-3 63,371,000.00 1000 CLASS A-4 42,030,000.00 1000 CLASS A-5 13,437,000.00 1000 CLASS A-6 22,498,000.00 1000 CLASS A-7 27,000,000.00 1000 CLASS A-8 69,295,696.85 989.9385264 GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vii) SUBORDINATED AMOUNT 1,016,661.60 173,844.45 SUBORDINATION DEFICIT 0.00 0.00 0.00 SECTION 7.09 (a)(ix) SUBSTITUTION AMOUNTS INCLUDED IN DISTRIBUTION 0.00 LOAN PURCHASE PRICE AMTS INCLUDED IN DISTRIBUTION SECTION 7.09 (a)(x) WEIGHTED AVERAGE COUPON RATE 11.786200% 9.743400% SECTION 7.09 (a)(xii) WEIGHTED GROSS MARGIN OF THE HOME EQUITY LOANS IN GROUP II 6.037700% SECTION 7.09 (a)(xiii) LARGEST MORTGAGE LOAN BALANCE OUTSTANDING 547,497.36 498,242.22 SECTION 7.09 (a)(xiv) REMAINING PRE-FUNDED AMOUNT 0.00 0.00 SECTION 7.09 (b)(i) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:* GROUP I CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE 30-59 DAYS 152 9,498,199.65 2.91% 60-89 DAYS 74 4,636,079.81 1.42% 90 + DAYS 72 4,984,008.11 1.53% GROUP II CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE 30-59 DAYS 21 1,367,893.98 0.42% 60-89 DAYS 1 68,798.32 0.02% 90 + DAYS 1 361,587.95 0.11% AGGREGATE CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE 30-59 DAYS 173 10,866,093.63 3.33% 60-89 DAYS 75 4,704,878.13 1.44% 90 + DAYS 73 5,345,596.06 1.64%
*The number and aggrgate principal balance of delinquent loans includes loans in foreclosure and bankruptcy (C) COPYRIGHT 1997, CHASE BANKING CORPORATION 4 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2
PAGE # 4 DISTRIBUTION: 21-Apr-97 GROUP I GROUP II TOTAL ------- -------- ----- SECTION 7.09 (b)(ii) NUMBER OF LOANS IN FORECLOSURE 1 0 1 AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 90,904.22 0.00 90,904.22 NUMBER OF LOANS IN FORECLOSURE THAT WERE COMMENCED 1 0 1 IN THE PRIOR MONTH AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 90,904.22 0.00 90,904.22 THAT WERE COMMENCED IN THE PRIOR MONTH SECTION 7.09 (b)(iii) NUMBER OF LOANS IN BANKRUPTCY 13 2 15 AGGREGATE PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY 1,379,857.85 186,174.04 1,566,031.89 NUMBER OF LOANS THAT ARE "BALLOON" LOANS 2,625 0 2625 AGG PRIN BALANCE OF LOANS THAT ARE "BALLOON LOANS" 194,761,130.19 0.00 194,761,130.19 SECTION 7.09 (b)(iv) NUMBER OF REO PROPERTIES 0 0 0 AGGREGATE PRINCIPAL BALANCE OF REO PROPERTIES 0.00 0.00 0.00 SECTION 7.09 (b)(v) BOOK VALUE OF REO PROPERTY 0.00 0.00 0.00 SECTION 7.09 (b)(vi) CUMULATIVE LOSS PERCENTAGE 0.00000000% 0.00000000% 0.00000000% CUMULATIVE REALIZED LOSSES 0.00 0.00 0.00 CURRENT PERIOD REALIZED LOSSES 0.00 0.00 0.00 ANNUAL LOSS PERCENTAGE 0.00000000% 0.00000000% 0.00000000% SECTION 7.09 (b)(vii) 90 + DELINQUENCY PERCENTAGE 1.52921005% 0.52049854% 1.35198066%
(C) COPYRIGHT 1997, CHASE BANKING CORPORATION 5
- ----------------------------------------------------------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 =================================================================================================================================== DISTRIBUTION 20-May-97 PAGE # 1 ORIGINAL BEGINNING ENDING ENDING CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL CERTIFICATE SUBORDINATE PRINCIPAL CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE AMOUNT BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- A-1 128,643,000.00 121,546,776.99 4,745,678.17 671,545.94 5,417,224.11 116,801,098.82 A-2 35,021,000.00 35,021,000.00 0.00 195,533.92 195,533.92 35,021,000.00 A-3 63,371,000.00 63,371,000.00 0.00 366,495.62 366,495.62 63,371,000.00 A-4 42,030,000.00 42,030,000.00 0.00 253,931.25 253,931.25 42,030,000.00 A-5 13,437,000.00 13,437,000.00 0.00 83,757.30 83,757.30 13,437,000.00 A-6 22,496,000.00 22,498,000.00 0.00 143,799.72 143,799.72 22,498,000.00 A-7 27,000,000.00 27,000,000.00 0.00 162,675.00 162,675.00 27,000,000.00 2,159,656.27 322,317,755.09 A-8 70,000,000.00 69,295,696.85 1,435,890.24 329,765.71 1,765,655.95 67,859,806.61 370,330.99 68,230,137.60 R N/A N/A N/A 0.00 0.00 N/A - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 400,000,000.00 394,199,473.84 6,181,568.41 2,207,504.46 8,389,072.87 388,017,905.43 2,529,987.26 390,547,892.69 - -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1,000 PASS THRU RATES PRINCIPAL INTEREST END. CERT. INIT PASS CURR PASS CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS THRU RATE THRU RATE - --------------------------------------------------------- ---------------------------------------------- A-1 37.47288180 5.30266924 922.28625996 A-1 6.63000000% 6.63000000% A-2 0.00000000 5.58333343 1000.00000000 A-2 6.70000000% 6.70000000% A-3 0.00000000 5.78333339 1000.00000000 A-3 6.94000000% 6.94000000% A-4 0.00000000 6.04166667 1000.00000000 A-4 7.25000000% 7.25000000% A-5 0.00000000 6.23333333 1000.00000000 A-5 7.48000000% 7.48000000% A-6 0.00000000 6.39166681 1000.00000000 A-6 7.67000000% 7.67000000% A-7 0.00000000 6.02500000 1000.00000000 A-7 7.23000000% 7.23000000% A-8 20.51271771 4.71093871 969.42580871 A-8 5.72000000% 5.90750000% - --------------------------------------------------------- ---------------------------------------------- TOTALS 15.45392103 2.199596695 970.0447636 - ---------------------------------------------------------
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW - -------------------------------------------------------------------------------- ANN MARIE JOSE THE CHASE MANHATTAN BANK - ASPG 450 WEST 33RD STREET, 15TH FLOOR NEW YORK, NEW YORK 10001 (212) 946-7148 - -------------------------------------------------------------------------------- 6
- ------------------------------------------------------------------------------------------------------------------------------------ IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ==================================================================================================================================== DISTRIBUTION: 20-May-97 PAGE # 2 GROUP I GROUP II ------- -------- SECTION 7.08 (1) BEGINNING CERTIFICATE ACCOUNT 6,666,715.87 1,774,886.50 SECTION 7.08 (2) CLASS A DISTRIBUTION AMOUNT 8,389,072.87 GROUP I GROUP II ------- -------- SECTION 7.08 (3) SUBORDINATION INCREASE AMOUNT 1,142,994.67 196,486.54 SECTION 7.08 (4) INSURED PAYMENT 0.00 0.00 SECTION 7.08 (6) BEGINNING CLASS A CERTIFICATE PRINCIPAL BALANCE 394,199,473.84 CLASS A PRINCIPAL DISTRIBUTION 6,181,568.41 ENDING CLASS A CERTIFICATE PRINCIPAL BALANCE 388,017,905.43 SECTION 7.08 (7) REALIZED LOSSES 0.00 GROUP I GROUP II ------- -------- SECTION 7.08 (8) SUBORDINATION REDUCTION AMOUNT 0.00 0.00 SECTION 7.08 (9) PRE-FUNDED AMOUNT PREVIOUSLY USED TO PURCHASE SUBSEQUENT MORTGAGE LOANS 0.00 0.00 (B) PRE-FUNDED AMOUNT DISTRIBUTED AS A CLASS A PRINCIPAL DISTRIBUTION AMOUNT 0.00 0.00 (C) PRE-FUNDING ACCOUNT EARNINGS TRANSFERRED TO THE CAPITALIZED INTEREST ACCOUNT 0.00 0.00 (D) THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE CERTIFICATE ACCOUNT 0.00 THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE DEPOSITOR 0.00 SECTION 7.08 (10) THE AMOUNT BY WHICH THE SERVICING FEE IS REDUCED 0.00 DUE TO GROUP I UNDERWATER LOANS PER $1000 SECTION 7.09 (a)(i) CLASS A-1 DISTRIBUTION 5,417,224.11 42.78 CLASS A-2 DISTRIBUTION 195,533.92 5.58 CLASS A-3 DISTRIBUTION 366,495.62 5.78 CLASS A-4 DISTRIBUTION 253,931.25 6.04 CLASS A-5 DISTRIBUTION 83,757.30 6.23 CLASS A-6 DISTRIBUTION 143,799.72 6.39 CLASS A-7 DISTRIBUTION 162,675.00 6.03 CLASS A-8 DISTRIBUTION 1,765,655.95 25.22 CLASS R DISTRIBUTION 0.00 SECTION 7.09 (a)(ii) GROUP I CLASS A PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 200,680.74 0.61 PRINCIPAL PREPAYMENTS 3,372,828.28 10.22 SUBORDINATION INCREASE AMOUNT 1,142,994.67 3.46 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 29,174.48 0.09 GROUP II CLASS A-8 PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 27,069.53 0.39 PRINCIPAL PREPAYMENTS 1,212,334.17 17.32 SUBORDINATION INCREASE AMOUNT 196,486.54 2.81 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 0.00 0.00 SECTION 7.09 (a)(iv) CLASS A-1 CARRYFORWARD 0.00 CLASS A-2 CARRYFORWARD 0.00 CLASS A-3 CARRYFORWARD 0.00 CLASS A-4 CARRYFORWARD 0.00 CLASS A-5 CARRYFORWARD 0.00 CLASS A-6 CARRYFORWARD 0.00 CLASS A-7 CARRYFORWARD 0.00 CLASS A-8 CARRYFORWARD 0.00 0.00 SECTION 7.09 (a)(v) INSURED PAYMENT INCLUDED IN CLASS A DISTRIBUTION 0.00
7
- ------------------------------------------------------------------------------------------------------------------------------------ IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ==================================================================================================================================== DISTRIBUTION: 20-May-97 PAGE # 3 GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vi) ENDING AGGREGATE LOAN BALANCE 322,317,755.09 68,230,137.60 ENDING NUMBER OF LOANS 5221 716 ENDING CERTIFICATE BALANCE: PER $1000 --------- CLASS A-1 116,801,098.82 922.28626 CLASS A-2 35,021,000.00 1000 CLASS A-3 63,371,000.00 1000 CLASS A-4 42,030,000.00 1000 CLASS A-5 13,437,000.00 1000 CLASS A-6 22,498,000.00 1000 CLASS A-7 27,000,000.00 1000 CLASS A-8 67,859,806.61 969.4258087 GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vii) SUBORDINATED AMOUNT 2,159,656.27 370,330.99 SUBORDINATION DEFICIT 0.00 0.00 SECTION 7.09 (a)(ix) SUBSTITUTION AMOUNTS INCLUDED IN DISTRIBUTION 0.00 LOAN PURCHASE PRICE AMTS INCLUDED IN DISTRIBUTION 29,472.38 SECTION 7.09 (a)(x) WEIGHTED AVERAGE COUPON RATE 11.781400% 9.749800% SECTION 7.09 (a)(xii) WEIGHTED GROSS MARGIN OF THE HOME EQUITY LOANS IN GROUP II 6.031700% SECTION 7.09 (a)(xiii) LARGEST MORTGAGE LOAN BALANCE OUTSTANDING 547,497.36 497,941.74 SECTION 7.09 (a)(xiv) REMAINING PRE-FUNDED AMOUNT 0.00 0.00 SECTION 7.09 (b)(i) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:*
GROUP I
--------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------- 30-59 DAYS 175 11,138,222.54 3.46% 60-89 DAYS 74 4,710,487.77 1.46% 90 + DAYS 52 3,582,018.67 1.11% ---------------------------------------------------------------------------
GROUP II
--------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------- 30-59 DAYS 6 568,795.83 0.18% 60-89 DAYS 8 614,748.76 0.19% 90 + DAYS 1 361,587.95 0.11% ---------------------------------------------------------------------------
AGGREGATE
--------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------- 30-59 DAYS 181 11,707,018.37 3.63% 60-89 DAYS 82 5,325,236.53 1.65% 90 + DAYS 53 3,943,606.62 1.22% ---------------------------------------------------------------------------
*The number and aggregate principal balance of delinquent loans includes loans in foreclosure and bankruptcy 8
- ------------------------------------------------------------------------------------------------------------------------------------ IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ==================================================================================================================================== PAGE # 4 DISTRIBUTION: 20-May-97 GROUP I GROUP II TOTAL ------- -------- ----- SECTION 7.09 (b)(ii) NUMBER OF LOANS IN FORECLOSURE 2 0 2 AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 298,782.83 0.00 298,782.83 NUMBER OF LOANS IN FORECLOSURE THAT WERE COMMENCED 2 0 2 IN THE PRIOR MONTH AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 298,782.83 0.00 298,782.83 THAT WERE COMMENCED IN THE PRIOR MONTH SECTION 7.09 (b)(iii) NUMBER OF LOANS IN BANKRUPTCY 21 2 23 AGGREGATE PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY 1,806,317.30 186,096.15 1,992,413.45 NUMBER OF LOANS THAT ARE "BALLOON" LOANS 2,595 0 2595 AGG PRIN BALANCE OF LOANS THAT ARE "BALLOON LOANS" 192,694,719.81 0.00 192,694,719.81 SECTION 7.09 (b)(iv) NUMBER OF REO PROPERTIES 0 0 0 AGGREGATE PRINCIPAL BALANCE OF REO PROPERTIES 0.00 0.00 0.00 SECTION 7.09 (b)(v) BOOK VALUE OF REO PROPERTY 0.00 0.00 0.00 SECTION 7.09 (b)(vi) CUMULATIVE LOSS PERCENTAGE 0.00000000% 0.00000000% 0.00000000% CUMULATIVE REALIZED LOSSES 0.00 0.00 0.00 CURRENT PERIOD REALIZED LOSSES 0.00 0.00 0.00 ANNUAL LOSS PERCENTAGE 0.00000000% 0.00000000% 0.00000000% SECTION 7.09 (b)(vii) 90 + DELINQUENCY PERCENTAGE 1.32027077% 0.52522598% 1.00976262%
9 - -------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ================================================================================
DISTRIBUTION: 20-Jun-97 PAGE # 1 ORIGINAL BEGINNING ENDING ENDING CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL CERTIFICATE SUBORDINATE PRINCIPAL CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE AMOUNT BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- A-1 126,643,000.00 116,801,098.82 7,595,785.11 645,326.07 8,241,111.18 109,205,313.71 A-2 35,021,000.00 35,021,000.00 0.00 195,533.92 195,533.92 35,021,000.00 A-3 63,371,000.00 63,371,000.00 0.00 366,495.62 366,495.62 63,371,000.00 A-4 42,030,000.00 42,030,000.00 0.00 253,931.25 253,931.25 42,030,000.00 A-5 13,437,000.00 13,437,000.00 0.00 83,757.30 83,757.30 13,437,000.00 A-6 22,498,000.00 22,498,000.00 0.00 143,799.72 143,799.72 22,498,000.00 A-7 27,000,000.00 27,000,000.00 0.00 162,675.00 162,675.00 27,000,000.00 3,272,910.96 315,835,224.67 A-8 70,000,000.00 67,859,806.61 2,481,719.38 345,203.78 2,826,923.16 65,378,087.23 539,965.29 65,918,052.52 R N/A N/A N/A 0.00 0.00 N/A - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 400,000,000.00 388,017,905.43 10,077,504.49 2,196,722.66 12,274,227.15 377,940,400.94 3,812,876.25 381,753,277.19 - -----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - --------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES PRINCIPAL INTEREST END. CERT. INIT PASS CURR PASS CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS THRU RATE THRU RATE - ------------------------------------------------------- ---------------------------------------- A-1 59.97793096 5.09563158 862.30832900 A-1 6.63000000% 6.63000000% A-2 0.00000000 5.58333343 1000.00000000 A-2 6.70000000% 6.70000000% A-3 0.00000000 5.78333339 1000.00000000 A-3 6.94000000% 6.94000000% A-4 0.00000000 6.04166667 1000.00000000 A-4 7.25000000% 7.25000000% A-5 0.00000000 6.23333333 1000.00000000 A-5 7.48000000% 7.48000000% A-6 0.00000000 6.39166681 1000.00000000 A-6 7.67000000% 7.67000000% A-7 0.00000000 6.02500000 1000.00000000 A-7 7.23000000% 7.23000000% A-8 35.45313400 4.93148257 933.97267471 A-8 5.72000000% 5.90750000% - ------------------------------------------------------- ---------------------------------------- TOTALS 25.19376123 2.167064917 944.8510024 - -------------------------------------------------------
================================================================================ IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: - -------------------------------------------------------------------------------- ANN MARIE JOSE THE CHASE MANHATTAN BANK - ASPG 450 WEST 33RD STREET, 15TH FLOOR NEW YORK, NEW YORK 10001 (212) 946-7148 - -------------------------------------------------------------------------------- (C) COPYRIGHT 1997, CHASE BANKING CORPORATION - -------------------------------------------------------------------------------- 10 - -------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ================================================================================
DISTRIBUTION: 20-Jun-97 PAGE # 2 GROUP I GROUP II SECTION 7.08 (1) BEGINNING CERTIFICATE ACCOUNT 9,489,955.71 2,835,954.95 SECTION 7.08 (2) CLASS A DISTRIBUTION AMOUNT 12,274,227.15 GROUP I GROUP II SECTION 7.08 (3) SUBORDINATION INCREASE AMOUNT 1,113,254.69 169,634.30 SECTION 7.08 (4) INSURED PAYMENT 0.00 0.00 SECTION 7.08 (6) BEGINNING CLASS A CERTIFICATE PRINCIPAL BALANCE 388,017,905.43 CLASS A PRINCIPAL DISTRIBUTION 10,077,504.49 ENDING CLASS A CERTIFICATE PRINCIPAL BALANCE 377,940,400.94 SECTION 7.08 (7) REALIZED LOSSES 0.00 GROUP I GROUP II SECTION 7.08 (8) SUBORDINATION REDUCTION AMOUNT 0.00 0.00 SECTION 7.08 (9) (A) PRE-FUNDED AMOUNT PREVIOUSLY USED TO PURCHASE SUBSEQUENT MORTGAGE LOANS 0.00 0.00 (B) PRE-FUNDED AMOUNT DISTRIBUTED AS A CLASS A PRINCIPAL DISTRIBUTION AMOUNT 0.00 0.00 (C) PRE-FUNDING ACCOUNT EARNINGS TRANSFERRED TO THE CAPITALIZED INTEREST ACCOUNT 0.00 0.00 (D) THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE CERTIFICATE ACCOUNT 0.00 THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE DEPOSITOR 0.00 SECTION 7.08 (10) THE AMOUNT BY WHICH THE SERVICING FEE IS REDUCED 0.00 DUE TO GROUP I UNDERWATER LOANS PER $1000 SECTION 7.09 (a)(i) CLASS A-1 DISTRIBUTION 8,241,111.18 65.07 CLASS A-2 DISTRIBUTION 195,533.92 5.58 CLASS A-3 DISTRIBUTION 366,495.62 5.78 CLASS A-4 DISTRIBUTION 253,931.25 6.04 CLASS A-5 DISTRIBUTION 83,757.30 6.23 CLASS A-6 DISTRIBUTION 143,799.72 6.39 CLASS A-7 DISTRIBUTION 162,675.00 6.03 CLASS A-8 DISTRIBUTION 2,826,923.16 40.38 CLASS R DISTRIBUTION 0.00 SECTION 7.09 (a)(ii) GROUP I CLASS A PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 239,102.93 0.72 PRINCIPAL PREPAYMENTS 6,243,427.49 18.92 SUBORDINATION INCREASE AMOUNT 1,113,254.69 3.37 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 0.00 0.00 GROUP II CLASS A-8 PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 33,535.96 0.48 PRINCIPAL PREPAYMENTS 2,278,549.12 32.55 SUBORDINATION INCREASE AMOUNT 169,634.30 2.42 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 0.00 0.00 SECTION 7.09 (a)(iv) CLASS A-1 CARRYFORWARD 0.00 CLASS A-2 CARRYFORWARD 0.00 CLASS A-3 CARRYFORWARD 0.00 CLASS A-4 CARRYFORWARD 0.00 CLASS A-5 CARRYFORWARD 0.00 CLASS A-6 CARRYFORWARD 0.00 CLASS A-7 CARRYFORWARD 0.00 CLASS A-8 CARRYFORWARD 0.00 0.00 SECTION 7.09 (a)(v) INSURED PAYMENT INCLUDED IN CLASS A DISTRIBUTION 0.00
(C) COPYRIGHT 1997, CHASE BANKING CORPORATION - -------------------------------------------------------------------------------- 11 - -------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ================================================================================
DISTRIBUTION: 20-Jun-97 PAGE # 3 GROUP I GROUP II SECTION 7.09 (a)(vi) ENDING AGGREGATE LOAN BALANCE 315,835,224.67 65,918,052.52 ENDING NUMBER OF LOANS 5121 695 ENDING CERTIFICATE BALANCE: PER $1000 --------- CLASS A-1 109,205,313.71 862.308329 CLASS A-2 35,021,000.00 1000 CLASS A-3 63,371,000.00 1000 CLASS A-4 42,030,000.00 1000 CLASS A-5 13,437,000.00 1000 CLASS A-6 22,498,000.00 1000 CLASS A-7 27,000,000.00 1000 CLASS A-8 65,378,087.23 933.9726747 GROUP I GROUP II SECTION 7.09 (a)(vii) SUBORDINATED AMOUNT 3,272,910.96 539,965.29 SUBORDINATION DEFICIT 0.00 0.00 SECTION 7.09 (a)(ix) SUBSTITUTION AMOUNTS INCLUDED IN DISTRIBUTION 0.00 LOAN PURCHASE PRICE AMTS INCLUDED IN DISTRIBUTION 0.00 SECTION 7.09 (a)(x) WEIGHTED AVERAGE COUPON RATE 11.767200% 9.773200% SECTION 7.09 (a)(xii) WEIGHTED GROSS MARGIN OF THE HOME EQUITY LOANS IN GROUP II 6.032600% SECTION 7.09 (a)(xiii) LARGEST MORTGAGE LOAN BALANCE OUTSTANDING 547,242.94 497,639.07 SECTION 7.09 (a)(xiv) REMAINING PRE-FUNDED AMOUNT 0.00 0.00 SECTION 7.09 (b)(i) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:*
GROUP I --------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------------- 30-59 DAYS 175 9,571,642.33 3.03% 60-89 DAYS 70 4,779,321.05 1.51% 90 + DAYS 85 5,551,576.00 1.76% --------------------------------------------------------------------------------- GROUP II --------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------------- 30-59 DAYS 18 1,394,252.01 0.44% 60-89 DAYS 4 435,911.80 0.14% 90 + DAYS 6 647,552.77 0.21% --------------------------------------------------------------------------------- AGGREGATE --------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------------- 30-59 DAYS 193 10,965,894.34 3.47% 60-89 DAYS 74 5,215,232.85 1.65% 90 + DAYS 91 6,199,128.77 1.96% ---------------------------------------------------------------------------------
*The number and aggrgate principal balance of delinquent loans includes loans in foreclosure and bankruptcy (C) COPYRIGHT 1997, CHASE BANKING CORPORATION - -------------------------------------------------------------------------------- 12 - -------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ================================================================================
PAGE # 4 DISTRIBUTION: 20-Jun-97 GROUP I GROUP II TOTAL SECTION 7.09 (b)(ii) NUMBER OF LOANS IN FORECLOSURE 34 2 36 AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 2,381,824.69 385,543.75 2,767,368.44 NUMBER OF LOANS IN FORECLOSURE THAT WERE COMMENCED 33 2 35 IN THE PRIOR MONTH AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 2,290,934.84 385,543.75 2,676,478.59 THAT WERE COMMENCED IN THE PRIOR MONTH SECTION 7.09 (b)(iii) NUMBER OF LOANS IN BANKRUPTCY 34 4 38 AGGREGATE PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY 2,356,591.05 417,280.03 2,773,871.08 NUMBER OF LOANS THAT ARE "BALLOON" LOANS 2,547 0 2547 AGG PRIN BALANCE OF LOANS THAT ARE "BALLOON LOANS" 1,888,899,819.65 0.00 1,888,899,819.65 SECTION 7.09 (b)(iv) NUMBER OF REO PROPERTIES 0 0 0 AGGREGATE PRINCIPAL BALANCE OF REO PROPERTIES 0.00 0.00 0.00 SECTION 7.09 (b)(v) BOOK VALUE OF REO PROPERTY 0.00 0.00 0.00 SECTION 7.09 (b)(vi) CUMULATIVE LOSS PERCENTAGE 0.00000000% 0.00000000% 0.00000000% CUMULATIVE REALIZED LOSSES 0.00 0.00 0.00 CURRENT PERIOD REALIZED LOSSES 0.00 0.00 0.00 ANNUAL LOSS PERCENTAGE 0.00000000% 0.00000000% .00000000% SECTION 7.09 (b)(vii) 90 + DELINQUENCY PERCENTAGE 1.46609531% 0.67760408% 1.62385738%
(C) COPYRIGHT 1997, CHASE BANKING CORPORATION - -------------------------------------------------------------------------------- 13 - -------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ================================================================================
DISTRIBUTION: 21-Jul-97 PAGE # 1 ORIGINAL BEGINNING ENDING ENDING CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL CERTIFICATE SUBORDINATE PRINCIPAL CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE AMOUNT BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ A-1 126,643,000.00 109,205,313.71 6,511,473.43 603,359.36 7,114,832.79 102,693,840.28 A-2 35,021,000.00 35,021,000.00 0.00 195,533.92 195,533.92 35,021,000.00 A-3 63,371,000.00 63,371,000.00 0.00 366,495.62 366,495.62 63,371,000.00 A-4 42,030,000.00 42,030,000.00 0.00 253,931.25 253,931.25 42,030,000.00 A-5 13,437,000.00 13,437,000.00 0.00 83,757.30 83,757.30 13,437,000.00 A-6 22,498,000.00 22,498,000.00 0.00 143,799.72 143,799.72 22,498,000.00 A-7 27,000,000.00 27,000,000.00 0.00 162,675.00 162,675.00 27,000,000.00 4,359,893.86 310,410,734.14 A-8 70,000,000.00 65,378,087.23 1,397,824.16 332,579.24 1,730,403.40 63,980,263.07 716,746.59 64,697,009.66 R N/A N/A N/A N/A N/A 0.00 0.00 N/A - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 400,000,000.00 377,940,400.94 7,909,297.59 2,142,131.41 10,051,429.00 370,031,103.35 5,076,640.45 375,107,743.80 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------- - -------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES PRINCIPAL INTEREST END. CERT. INIT PASS CURR PASS CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS THRU RATE THRU RATE - -------------------------------------------------------------- --------------------------------------------------------- A-1 51.41597585 4.76425353 810.89235315 A-1 6.63000000% 6.63000000% A-2 0.00000000 5.58333343 1000.00000000 A-2 6.70000000% 6.70000000% A-3 0.00000000 5.78333339 1000.00000000 A-3 6.94000000% 6.94000000% A-4 0.00000000 6.04166667 1000.00000000 A-4 7.25000000% 7.25000000% A-5 0.00000000 6.23333333 1000.00000000 A-5 7.48000000% 7.48000000% A-6 0.00000000 6.39166681 1000.00000000 A-6 7.67000000% 7.67000000% A-7 0.00000000 6.02500000 1000.00000000 A-7 7.23000000% 7.23000000% A-8 19.96891657 4.75113200 914.00375814 A-8 5.72000000% 5.90750000% --------------------------------------------------------- - -------------------------------------------------------------- TOTALS 19.77324398 2.113807569 925.0777584 - --------------------------------------------------------------
=============================================================================== IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: - -------------------------------------------------------------------------------- ANN MARIE JOSE THE CHASE MANHATTAN BANK - ASPG 450 WEST 33RD STREET, 15TH FLOOR NEW YORK, NEW YORK 10001 (212) 946-7148 - -------------------------------------------------------------------------------- (C) COPYRIGHT 1997, CHASE BANKING CORPORATION - -------------------------------------------------------------------------------- 14 - -------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ================================================================================
DISTRIBUTION: 21-Jul-97 PAGE # 2 GROUP I GROUP II ------- -------- SECTION 7.08 (1) BEGINNING CERTIFICATE ACCOUNT 8,362,682.65 1,739,114.80 SECTION 7.08 (2) CLASS A DISTRIBUTION AMOUNT 10,051,429.00 GROUP I GROUP II ------- -------- SECTION 7.08 (3) SUBORDINATION INCREASE AMOUNT 1,086,982.90 176,781.30 SECTION 7.08 (4) INSURED PAYMENT 0.00 0.00 SECTION 7.08 (6) BEGINNING CLASS A CERTIFICATE PRINCIPAL BALANCE 377,940,400.94 CLASS A PRINCIPAL DISTRIBUTION 7,909,297.59 ENDING CLASS A CERTIFICATE PRINCIPAL BALANCE 370,031,103.35 SECTION 7.08 (7) REALIZED LOSSES 0.00 GROUP I GROUP II ------- -------- SECTION 7.08 (8) SUBORDINATION REDUCTION AMOUNT 0.00 0.00 SECTION 7.08 (9) PRE-FUNDED AMOUNT PREVIOUSLY USED TO PURCHASE SUBSEQUENT MORTGAGE LOANS 0.00 0.00 (B) PRE-FUNDED AMOUNT DISTRIBUTED AS A CLASS A PRINCIPAL DISTRIBUTION AMOUNT 0.00 0.00 (C) PRE-FUNDING ACCOUNT EARNINGS TRANSFERRED TO THE CAPITALIZED INTEREST ACCOUNT 0.00 0.00 (D) THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE CERTIFICATE ACCOUNT 0.00 THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE DEPOSITOR 0.00 SECTION 7.08 (10) THE AMOUNT BY WHICH THE SERVICING FEE IS REDUCED 0.00 DUE TO GROUP I UNDERWATER LOANS PER $1000 --------- SECTION 7.09 (a)(i) CLASS A-1 DISTRIBUTION 7,114,832.79 56.18 CLASS A-2 DISTRIBUTION 195,533.92 5.58 CLASS A-3 DISTRIBUTION 366,495.62 5.78 CLASS A-4 DISTRIBUTION 253,931.25 6.04 CLASS A-5 DISTRIBUTION 83,757.30 6.23 CLASS A-6 DISTRIBUTION 143,799.72 6.39 CLASS A-7 DISTRIBUTION 162,675.00 6.03 CLASS A-8 DISTRIBUTION 1,730,403.40 24.72 CLASS R DISTRIBUTION 0.00 SECTION 7.09 (a)(ii) GROUP I CLASS A PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 225,178.62 0.68 PRINCIPAL PREPAYMENTS 5,199,311.91 15.76 SUBORDINATION INCREASE AMOUNT 1,086,982.90 3.29 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 0.00 0.00 GROUP II CLASS A-8 PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 33,498.56 0.48 PRINCIPAL PREPAYMENTS 1,187,544.30 16.96 SUBORDINATION INCREASE AMOUNT 176,781.30 2.53 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 0.00 0.00 SECTION 7.09 (a)(iv) CLASS A-1 CARRYFORWARD 0.00 CLASS A-2 CARRYFORWARD 0.00 CLASS A-3 CARRYFORWARD 0.00 CLASS A-4 CARRYFORWARD 0.00 CLASS A-5 CARRYFORWARD 0.00 CLASS A-6 CARRYFORWARD 0.00 CLASS A-7 CARRYFORWARD 0.00 CLASS A-8 CARRYFORWARD 0.00 0.00 SECTION 7.09 (a)(v) INSURED PAYMENT INCLUDED IN CLASS A DISTRIBUTION 0.00
(C) COPYRIGHT 1997, CHASE BANKING CORPORATION - ------------------------------------------------------------------------------- 15 - ------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ===============================================================================
DISTRIBUTION: 21-Jul-97 PAGE # 3 GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vi) ENDING AGGREGATE LOAN BALANCE 310,410,734.14 64,697,009.66 5037 682 ENDING CERTIFICATE BALANCE: PER $1000 --------- CLASS A-1 102,693,840.28 810.8923532 CLASS A-2 35,021,000.00 1000 CLASS A-3 63,371,000.00 1000 CLASS A-4 42,030,000.00 1000 CLASS A-5 13,437,000.00 1000 CLASS A-6 22,498,000.00 1000 CLASS A-7 27,000,000.00 1000 CLASS A-8 63,980,263.07 914.0037581 GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vii) SUBORDINATED AMOUNT 4,359,893.86 716,746.59 SUBORDINATION DEFICIT 0.00 0.00 SECTION 7.09 (a)(ix) SUBSTITUTION AMOUNTS INCLUDED IN DISTRIBUTION 0.00 LOAN PURCHASE PRICE AMTS INCLUDED IN DISTRIBUTION 0.00 SECTION 7.09 (a)(x) WEIGHTED AVERAGE COUPON RATE 11.760000% 9.931200% SECTION 7.09 (a)(xii) WEIGHTED GROSS MARGIN OF THE HOME EQUITY LOANS IN GROUP II 6.032000% SECTION 7.09 (a)(xiii) LARGEST MORTGAGE LOAN BALANCE OUTSTANDING 546,986.43 497,334.19 SECTION 7.09 (a)(xiv) REMAINING PRE-FUNDED AMOUNT 0.00 0.00 SECTION 7.09 (b)(i) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:*
GROUP I --------------------------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------------------------------- 30-59 DAYS 161 8,530,130.79 2.75% 60-89 DAYS 50 2,442,768.70 0.79% 90 + DAYS 107 7,407,236.30 2.39% ---------------------------------------------------------------------------------------------------
GROUP II --------------------------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------------------------------- 30-59 DAYS 17 1,443,137.41 0.46% 60-89 DAYS 8 601,834.50 0.19% 90 + DAYS 6 474,424.93 0.15% ---------------------------------------------------------------------------------------------------
AGGREGATE -------------------------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE -------------------------------------------------------------------------------------------------- 30-59 DAYS 178 9,973,268.20 3.21% 60-89 DAYS 58 3,044,603.20 0.98% 90 + DAYS 113 7,881,661.23 2.54% --------------------------------------------------------------------------------------------------
*The number and aggrgate principal balance of delinquent loans includes loans in foreclosure and bankruptcy (C) COPYRIGHT 1997, CHASE BANKING CORPORATION - ------------------------------------------------------------------------------- 16 - -------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ================================================================================
PAGE # 4 DISTRIBUTION: 21-Jul-97 GROUP I GROUP II TOTAL ------- -------- ----- SECTION 7.09 (b)(ii) NUMBER OF LOANS IN FORECLOSURE 43 1 44 AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 2,979,429.31 23,955.80 3,003,385.11 NUMBER OF LOANS IN FORECLOSURE THAT WERE COMMENCED 12 0 12 IN THE PRIOR MONTH AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 773,029.62 0.00 773,029.62 THAT WERE COMMENCED IN THE PRIOR MONTH SECTION 7.09 (b)(iii) NUMBER OF LOANS IN BANKRUPTCY 42 4 46 AGGREGATE PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY 2,844,657.86 407,432.16 3,252,090.02 NUMBER OF LOANS THAT ARE "BALLOON" LOANS 2,495 0 2495 AGG PRIN BALANCE OF LOANS THAT ARE "BALLOON LOANS" 185,285,394.37 0.00 185,285,394.37 SECTION 7.09 (b)(iv) NUMBER OF REO PROPERTIES 1 0 1 AGGREGATE PRINCIPAL BALANCE OF REO PROPERTIES 51,000.00 0.00 51,000.00 SECTION 7.09 (b)(v) BOOK VALUE OF REO PROPERTY 60000.00 0.00 60,000.00 SECTION 7.09 (b)(vi) CUMULATIVE LOSS PERCENTAGE 0.00000000% 0.00000000% 0.00000000% CUMULATIVE REALIZED LOSSES 0.00 0.00 - CURRENT PERIOD REALIZED LOSSES 0.00 0.00 - ANNUAL LOSS PERCENTAGE 0.00000000% 0.00000000% 0.00000000% SECTION 7.09 (b)(vii) 90 + DELINQUENCY PERCENTAGE 1.70024629% 0.69152874% 2.11476872%
(C) COPYRIGHT 1997, CHASE BANKING CORPORATION - -------------------------------------------------------------------------------- 17
- ------------------------------------------------------------------------------------------------------------------------------------ IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ==================================================================================================================================== DISTRIBUTION: 20-Aug-97 PAGE # 1 ORIGINAL BEGINNING ENDING ENDING CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL CERTIFICATE SUBORDINATE PRINCIPAL CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE AMOUNT BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- A-1 126,643,000.00 102,693,840.28 6,647,058.00 567,383.47 7,214,441.47 96,046,782.28 A-2 35,021,000.00 35,021,000.00 0.00 195,533.92 195,533.92 35,021,000.00 A-3 63,371,000.00 63,371,000.00 0.00 366,495.62 366,495.62 63,371,000.00 A-4 42,030,000.00 42,030,000.00 0.00 253,931.25 253,931.25 42,030,000.00 A-5 13,437,000.00 13,437,000.00 0.00 83,757.30 83,757.30 13,437,000.00 A-6 22,498,000.00 22,498,000.00 0.00 143,799.72 143,799.72 22,498,000.00 A-7 27,000,000.00 27,000,000.00 0.00 162,675.00 162,675.00 27,000,000.00 5,415,625.56 304,819,407.84 A-8 70,000,000.00 63,980,263.07 1,895,793.86 324,177.08 2,219,970.94 62,084,469.21 903,483.19 62,987,952.40 R N/A N/A N/A 0.00 0.00 N/A - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 400,000,000.00 370,031,103.35 8,542,851.86 2,097,753.36 10,640,605.22 361,488,251.49 6,319,108.75 367,807,360.24 - -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1,000 PASS THRU RATES PRINCIPAL INTEREST END. CERT. INIT PASS CURR PASS CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS THRU RATE THRU RATE - -------------------------------------------------------- ----------------------------------------- A-1 52.48658039 4.48018027 758.40577276 A-1 6.63000000% 6.63000000% A-2 0.00000000 5.58333343 1000.00000000 A-2 6.70000000% 6.70000000% A-3 0.00000000 5.78333339 1000.00000000 A-3 6.94000000% 6.94000000% A-4 0.00000000 6.04166667 1000.00000000 A-4 7.25000000% 7.25000000% A-5 0.00000000 6.23333333 1000.00000000 A-5 7.48000000% 7.48000000% A-6 0.00000000 6.39166681 1000.00000000 A-6 7.67000000% 7.67000000% A-7 0.00000000 6.02500000 1000.00000000 A-7 7.23000000% 7.23000000% A-8 27.08276943 4.63110114 886.92098871 A-8 5.72000000% 5.88406000% - -------------------------------------------------------- ----------------------------------------- TOTALS 21.35712965 2.061765573 903.7206287 - -------------------------------------------------------- ===============================================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: -------------------------------------------------------------- ANN MARIE JOSE THE CHASE MANHATTAN BANK - ASPG 450 WEST 33RD STREET, 15TH FLOOR NEW YORK, NEW YORK 10001 (212) 946-7148 -------------------------------------------------------------- (C) COPYRIGHT 1997, CHASE BANKING CORPORATION - -------------------------------------------------------------------------------- 18 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 =================================================================================================================================== DISTRIBUTION: 20-Aug-97 PAGE # 2 GROUP I GROUP II ------- -------- SECTION 7.08 (1) BEGINNING CERTIFICATE ACCOUNT 8,461,430.80 2,228,493.37 SECTION 7.08 (2) CLASS A DISTRIBUTION AMOUNT 10,640,605.22 GROUP I GROUP II ------- -------- SECTION 7.08 (3) SUBORDINATION INCREASE AMOUNT 1,055,731.70 186,736.60 SECTION 7.08 (4) INSURED PAYMENT 0.00 0.00 SECTION 7.08 (6) BEGINNING CLASS A CERTIFICATE PRINCIPAL BALANCE 370,031,103.35 CLASS A PRINCIPAL DISTRIBUTION 8,542,851.86 ENDING CLASS A CERTIFICATE PRINCIPAL BALANCE 361,488,251.49 SECTION 7.08 (7) REALIZED LOSSES 0.00 GROUP I GROUP II ------- -------- SECTION 7.08 (8) SUBORDINATION REDUCTION AMOUNT 0.00 0.00 SECTION 7.08 (9) (A) PRE-FUNDED AMOUNT PREVIOUSLY USED TO PURCHASE SUBSEQUENT MORTGAGE LOANS 0.00 0.00 (B) PRE-FUNDED AMOUNT DISTRIBUTED AS A CLASS A PRINCIPAL DISTRIBUTION AMOUNT 0.00 0.00 (C) PRE-FUNDING ACCOUNT EARNINGS TRANSFERRED TO THE CAPITALIZED INTEREST ACCOUNT 0.00 0.00 (D) THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE CERTIFICATE ACCOUNT 0.00 THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE DEPOSITOR 0.00 SECTION 7.08 (10) THE AMOUNT BY WHICH THE SERVICING FEE IS REDUCED 0.00 DUE TO GROUP I UNDERWATER LOANS PER $1000 --------- SECTION 7.09 (a)(i) CLASS A-1 DISTRIBUTION 7,214,441.47 56.97 CLASS A-2 DISTRIBUTION 195,533.92 5.58 CLASS A-3 DISTRIBUTION 366,495.62 5.78 CLASS A-4 DISTRIBUTION 253,931.25 6.04 CLASS A-5 DISTRIBUTION 83,757.30 6.23 CLASS A-6 DISTRIBUTION 143,799.72 6.39 CLASS A-7 DISTRIBUTION 162,675.00 6.03 CLASS A-8 DISTRIBUTION 2,219,970.94 31.71 CLASS R DISTRIBUTION 0.00 SECTION 7.09 (a)(ii) GROUP I CLASS A PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 253,867.87 0.77 PRINCIPAL PREPAYMENTS 5,337,458.43 16.17 SUBORDINATION INCREASE AMOUNT 1,055,731.70 3.20 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 0.00 0.00 GROUP II CLASS A-8 PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 34,144.41 0.49 PRINCIPAL PREPAYMENTS 1,674,912.85 23.93 SUBORDINATION INCREASE AMOUNT 186,736.60 2.67 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 0.00 0.00 SECTION 7.09 (a)(iv) CLASS A-1 CARRYFORWARD 0.00 CLASS A-2 CARRYFORWARD 0.00 CLASS A-3 CARRYFORWARD 0.00 CLASS A-4 CARRYFORWARD 0.00 CLASS A-5 CARRYFORWARD 0.00 CLASS A-6 CARRYFORWARD 0.00 CLASS A-7 CARRYFORWARD 0.00 CLASS A-8 CARRYFORWARD 0.00 0.00 SECTION 7.09 (a)(v) INSURED PAYMENT INCLUDED IN CLASS A DISTRIBUTION 0.00
(C) COPYRIGHT 1997, CHASE BANKING CORPORATION - -------------------------------------------------------------------------------- 19
- --------------------------------------------------------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ================================================================================================================================= DISTRIBUTION: 20-Aug-97 PAGE # 3 GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vi) ENDING AGGREGATE LOAN BALANCE 4,819,407.84 62,987,952.40 ENDING NUMBER OF LOANS 4958 667 ENDING CERTIFICATE BALANCE: PER $1000 --------- CLASS A-1 6,046,782.28 758.4057728 CLASS A-2 5,021,000.00 1000 CLASS A-3 3,371,000.00 1000 CLASS A-4 2,030,000.00 1000 CLASS A-5 3,437,000.00 1000 CLASS A-6 2,498,000.00 1000 CLASS A-7 7,000,000.00 1000 CLASS A-8 2,084,469.21 886.9209887 GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vii) SUBORDINATED AMOUNT 5,415,625.56 903,483.19 SUBORDINATION DEFICIT 0.00 0.00 SECTION 7.09 (a)(ix) SUBSTITUTION AMOUNTS INCLUDED IN DISTRIBUTION 0.00 LOAN PURCHASE PRICE AMTS INCLUDED IN DISTRIBUTION 0.00 SECTION 7.09 (a)(x) WEIGHTED AVERAGE COUPON RATE 11.747700% 10.134500% SECTION 7.09 (a)(xii) WEIGHTED GROSS MARGIN OF THE HOME EQUITY LOANS IN GROUP II 6.031400% SECTION 7.09 (a)(xiii) LARGEST MORTGAGE LOAN BALANCE OUTSTANDING 546,467.08 497,027.09 SECTION 7.09 (a)(xiv) REMAINING PRE-FUNDED AMOUNT 0.00 0.00 SECTION 7.09 (b)(i) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:* GROUP I --------------------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------------------------- 30-59 DAYS 232 13,328,499.09 4.37% 60-89 DAYS 69 4,290,352.26 1.41% 90 + DAYS 139 9,341,064.68 3.06% --------------------------------------------------------------------------------------------- GROUP II --------------------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------------------------- 30-59 DAYS 25 1,880,753.23 0.62% 60-89 DAYS 12 1,077,463.12 0.35% 90 + DAYS 12 978,339.80 0.32% --------------------------------------------------------------------------------------------- AGGREGATE --------------------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------------------------- 30-59 DAYS 257 15,209,252.32 4.99% 60-89 DAYS 81 5,367,815.38 1.76% 90 + DAYS 151 10,319,404.48 3.39% --------------------------------------------------------------------------------------------- *The number and aggrgate principal balance of delinquent loans includes loans in foreclosure and bankruptcy
(C) COPYRIGHT 1997, CHASE BANKING CORPORATION - -------------------------------------------------------------------------------- 20
- ----------------------------------------------------------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 =================================================================================================================================== PAGE # 4 DISTRIBUTION: 20-Aug-97 GROUP I GROUP II TOTAL ------- -------- ----- SECTION 7.09 (b)(ii) NUMBER OF LOANS IN FORECLOSURE 61 2 63 AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 4,527,532.81 173,789.41 4,701,322.22 NUMBER OF LOANS IN FORECLOSURE THAT WERE COMMENCED 24 1 25 IN THE PRIOR MONTH AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 1,808,994.14 149,833.61 1,958,827.75 THAT WERE COMMENCED IN THE PRIOR MONTH SECTION 7.09 (b)(iii) NUMBER OF LOANS IN BANKRUPTCY 52 6 58 AGGREGATE PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY 3,370,982.87 569,279.89 3,940,262.76 NUMBER OF LOANS THAT ARE "BALLOON" LOANS 2,446 0 2446 AGG PRIN BALANCE OF LOANS THAT ARE "BALLOON LOANS" 181,515,893.47 0.00 181,515,893.47 SECTION 7.09 (b)(iv) NUMBER OF REO PROPERTIES 5 0 5 AGGREGATE PRINCIPAL BALANCE OF REO PROPERTIES 252,600.00 0.00 252,600.00 SECTION 7.09 (b)(v) BOOK VALUE OF REO PROPERTY 319000.00 0.00 319,000.00 SECTION 7.09 (b)(vi) CUMULATIVE LOSS PERCENTAGE 0.00000000% 0.00000000% 0.00000000% CUMULATIVE REALIZED LOSSES 0.00 0.00 - CURRENT PERIOD REALIZED LOSSES 0.00 0.00 - ANNUAL LOSS PERCENTAGE 0.00000000% 0.00000000% 0.00000000% SECTION 7.09 (b)(vii) 90 + DELINQUENCY PERCENTAGE 1.98966251% 0.86386646% 2.87433195%
(C) COPYRIGHT 1997, CHASE BANKING CORPORATION - ------------------------------------------------------------------------------- 21 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 DISTRIBUTION: 22-Sep-97 PAGE # 1
ORIGINAL BEGINNING ENDING ENDING CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL CERTIFICATE SUBORDINATE PRINCIPAL CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE AMOUNT BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- A-1 126,643,000.00 96,046,782.28 5,531,721.77 530,658.47 6,062,380.24 90,515,060.51 A-2 35,021,000.00 35,021,000.00 0.00 195,533.92 195,533.92 35,021,000.00 A-3 63,371,000.00 63,371,000.00 0.00 366,495.62 366,495.62 63,371,000.00 A-4 42,030,000.00 42,030,000.00 0.00 253,931.25 253,931.25 42,030,000.00 A-5 13,437,000.00 13,437,000.00 0.00 83,757.30 83,757.30 13,437,000.00 A-6 22,498,000.00 22,498,000.00 0.00 143,799.72 143,799.72 22,498,000.00 A-7 27,000,000.00 27,000,000.00 0.00 162,675.00 162,675.00 27,000,000.00 6,436,791.57 300,308,852.08 A-8 70,000,000.00 62,084,469.21 2,108,606.33 333,087.89 2,441,694.22 59,975,862.88 1,077,153.61 61,053,016.49 R N/A N/A N/A 0.00 0.00 N/A - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 400,000,000.00 361,488,251.49 7,640,328.10 2,069,939.17 9,710,267.27 353,847,923.39 7,513,945.18 361,361,868.57 - -----------------------------------------------------------------------------------------------------------------------------------
=================================================================================================================================== FACTOR INFORMATION PER $1,000 PASS THRU RATES PRINCIPAL INTEREST END. CERT. INIT PASS CURR PASS CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS THRU RATE THRU RATE - ---------------------------------------------------------- ------------------------------------------------- A-1 43.67964886 4.19019188 714.72612391 A-1 6.63000000% 6.63000000% A-2 0.00000000 5.58333343 1000.00000000 A-2 6.70000000% 6.70000000% A-3 0.00000000 5.78333339 1000.00000000 A-3 6.94000000% 6.94000000% A-4 0.00000000 6.04166667 1000.00000000 A-4 7.25000000% 7.25000000% A-5 0.00000000 6.23333333 1000.00000000 A-5 7.48000000% 7.48000000% A-6 0.00000000 6.39166681 1000.00000000 A-6 7.67000000% 7.67000000% A-7 0.00000000 6.02500000 1000.00000000 A-7 7.23000000% 7.23000000% A-8 30.12294757 4.75839843 856.79804114 A-8 5.72000000% 5.85281000% ------------------------------------------------- - -------------------------------------------------------- TOTALS 19.10082025 2.008896242 884.6198085 - --------------------------------------------------------
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: - ----------------------------------------------------------------------------- ANN MARIE JOSE THE CHASE MANHATTAN BANK - ASPG 450 WEST 33RD STREET, 15TH FLOOR NEW YORK, NEW YORK 10001 (212) 946-7148 - ----------------------------------------------------------------------------- 22 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 DISTRIBUTION: 22-Sep-97 PAGE # 2
GROUP I GROUP II ------- -------- SECTION 7.08 (1) BEGINNING CERTIFICATE ACCOUNT 7,308,501.10 2,449,963.55 SECTION 7.08 (2) CLASS A DISTRIBUTION AMOUNT 9,710,267.27 GROUP I GROUP II ------- -------- SECTION 7.08 (3) SUBORDINATION INCREASE AMOUNT 1,021,166.01 173,670.42 SECTION 7.08 (4) INSURED PAYMENT 0.00 0.00 SECTION 7.08 (6) BEGINNING CLASS A CERTIFICATE PRINCIPAL BALANCE 361,488,251.49 CLASS A PRINCIPAL DISTRIBUTION 7,640,328.10 ENDING CLASS A CERTIFICATE PRINCIPAL BALANCE 353,847,923.39 SECTION 7.08 (7) REALIZED LOSSES 0.00 GROUP I GROUP II ------- -------- SECTION 7.08 (8) SUBORDINATION REDUCTION AMOUNT 0.00 0.00 SECTION 7.08 (9) (A) PRE-FUNDED AMOUNT PREVIOUSLY USED TO PURCHASE SUBSEQUENT MORTGAGE LOANS 0.00 0.00 (B) PRE-FUNDED AMOUNT DISTRIBUTED AS A CLASS A PRINCIPAL DISTRIBUTION AMOUNT 0.00 0.00 (C) PRE-FUNDING ACCOUNT EARNINGS TRANSFERRED TO THE CAPITALIZED INTEREST ACCOUNT 0.00 0.00 (D) THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE CERTIFICATE ACCOUNT 0.00 THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE DEPOSITOR 0.00 SECTION 7.08 (10) THE AMOUNT BY WHICH THE SERVICING FEE IS REDUCED 0.00 DUE TO GROUP I UNDERWATER LOANS PER $1000 --------- SECTION 7.09 (a)(i) CLASS A-1 DISTRIBUTION 6,062,380.24 47.87 CLASS A-2 DISTRIBUTION 195,533.92 5.58 CLASS A-3 DISTRIBUTION 366,495.62 5.78 CLASS A-4 DISTRIBUTION 253,931.25 6.04 CLASS A-5 DISTRIBUTION 83,757.30 6.23 CLASS A-6 DISTRIBUTION 143,799.72 6.39 CLASS A-7 DISTRIBUTION 162,675.00 6.03 CLASS A-8 DISTRIBUTION 2,441,694.22 34.88 CLASS R DISTRIBUTION 0.00 SECTION 7.09 (a)(ii) GROUP I CLASS A PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 287,385.29 0.87 PRINCIPAL PREPAYMENTS 4,223,170.47 12.80 SUBORDINATION INCREASE AMOUNT 1,021,166.01 3.09 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 0.00 0.00 GROUP II CLASS A-8 PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 26,236.33 0.37 PRINCIPAL PREPAYMENTS 1,908,699.58 27.27 SUBORDINATION INCREASE AMOUNT 173,670.42 2.48 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 0.00 0.00 SECTION 7.09 (a)(iv) CLASS A-1 CARRYFORWARD 0.00 CLASS A-2 CARRYFORWARD 0.00 CLASS A-3 CARRYFORWARD 0.00 CLASS A-4 CARRYFORWARD 0.00 CLASS A-5 CARRYFORWARD 0.00 CLASS A-6 CARRYFORWARD 0.00 CLASS A-7 CARRYFORWARD 0.00 CLASS A-8 CARRYFORWARD 0.00 0.00 SECTION 7.09 (a)(v) INSURED PAYMENT INCLUDED IN CLASS A DISTRIBUTION 0.00
23 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 DISTRIBUTION: 22-Sep-97 PAGE # 3
GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vi) ENDING AGGREGATE LOAN BALANCE 300,308,852.08 61,053,016.49 ENDING NUMBER OF LOANS 4891 649 ENDING CERTIFICATE BALANCE: PER $1000 --------- CLASS A-1 90,515,060.51 714.7261239 CLASS A-2 35,021,000.00 1000 CLASS A-3 63,371,000.00 1000 CLASS A-4 42,030,000.00 1000 CLASS A-5 13,437,000.00 1000 CLASS A-6 22,498,000.00 1000 CLASS A-7 27,000,000.00 1000 CLASS A-8 59,975,862.88 856.7980411 GROUP I GROUP II SECTION 7.09 (a)(vii) SUBORDINATED AMOUNT 6,436,791.57 1,077,153.61 SUBORDINATION DEFICIT 0.00 0.00 SECTION 7.09 (a)(ix) SUBSTITUTION AMOUNTS INCLUDED IN DISTRIBUTION 0.00 LOAN PURCHASE PRICE AMTS INCLUDED IN DISTRIBUTION 0.00 SECTION 7.09 (a)(x) WEIGHTED AVERAGE COUPON RATE 11.740900% 10.624800% SECTION 7.09 (a)(xii) WEIGHTED GROSS MARGIN OF THE HOME EQUITY LOANS IN GROUP II 6.032800% SECTION 7.09 (a)(xiii) LARGEST MORTGAGE LOAN BALANCE OUTSTANDING 546,467.08 496,717.75 SECTION 7.09 (a)(xiv) REMAINING PRE-FUNDED AMOUNT 0.00 0.00 SECTION 7.09 (b)(i) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:*
GROUP I ------------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE ------------------------------------------------------------------------------------- 30-59 DAYS 263 16,421,226.88 5.47% 60-89 DAYS 119 7,383,585.07 2.46% 90 + DAYS 166 11,316,679.77 3.77% -------------------------------------------------------------------------------------
GROUP II ------------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE ------------------------------------------------------------------------------------- 30-59 DAYS 17 1,701,359.27 0.57% 60-89 DAYS 15 1,124,800.00 0.37% 90 + DAYS 15 1,422,693.49 0.47% -------------------------------------------------------------------------------------
AGGREGATE ------------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE ------------------------------------------------------------------------------------- 30-59 DAYS 280 18,122,586.15 6.03% 60-89 DAYS 134 8,508,385.07 2.83% 90 + DAYS 181 12,739,373.26 4.24% -------------------------------------------------------------------------------------
*The number and aggrgate principal balance of delinquent loans includes loans in foreclosure and bankruptcy 24 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 PAGE # 4 DISTRIBUTION: 22-Sep-97
GROUP I GROUP II TOTAL ------- -------- ----- SECTION 7.09 (b)(ii) NUMBER OF LOANS IN FORECLOSURE 72 9 81 AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 5,387,770.21 774,765.08 6,162,535.29 NUMBER OF LOANS IN FORECLOSURE THAT WERE COMMENCED 19 7 26 IN THE PRIOR MONTH AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 1,246,983.83 643,778.75 1,890,762.58 THAT WERE COMMENCED IN THE PRIOR MONTH SECTION 7.09 (b)(iii) NUMBER OF LOANS IN BANKRUPTCY 63 8 71 AGGREGATE PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY 3,874,658.41 736,437.49 4,611,095.90 NUMBER OF LOANS THAT ARE "BALLOON" LOANS 2,407 1 2408 AGG PRIN BALANCE OF LOANS THAT ARE "BALLOON LOANS" 178,533,600.58 83,635.37 178,617,235.95 SECTION 7.09 (b)(iv) NUMBER OF REO PROPERTIES 10 0 10 AGGREGATE PRINCIPAL BALANCE OF REO PROPERTIES 529,266.21 0.00 529,266.21 SECTION 7.09 (b)(v) BOOK VALUE OF REO PROPERTY 705,500.00 0.00 705,500.00 SECTION 7.09 (b)(vi) CUMULATIVE LOSS PERCENTAGE 0.00000000% 0.00000000% 0.00000000% CUMULATIVE REALIZED LOSSES 0.00 0.00 0.00 CURRENT PERIOD REALIZED LOSSES 0.00 0.00 0.00 ANNUAL LOSS PERCENTAGE 0.00000000% 0.00000000% 0.00000000% SECTION 7.09 (b)(vii) 90 + DELINQUENCY PERCENTAGE 2.31548337% 1.10826524% 3.67184272%
25 - -------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ================================================================================ DISTRIBUTION: 20-Oct-97 PAGE # 1
ORIGINAL BEGINNING ENDING ENDING CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL CERTIFICATE SUBORDINATE PRINCIPAL CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE AMOUNT BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ A-1 126,643,000.00 90,515,060.51 10,500,546.14 500,095.71 11,000,641.85 80,014,514.37 A-2 35,021,000.00 35,021,000.00 0.00 195,533.92 195,533.92 35,021,000.00 A-3 63,371,000.00 63,371,000.00 0.00 366,495.62 366,495.62 63,371,000.00 A-4 42,030,000.00 42,030,000.00 0.00 253,931.25 253,931.25 42,030,000.00 A-5 13,437,000.00 13,437,000.00 0.00 83,757.30 83,757.30 13,437,000.00 A-6 22,498,000.00 22,498,000.00 0.00 143,799.72 143,799.72 22,498,000.00 A-7 27,000,000.00 27,000,000.00 0.00 162,675.00 162,675.00 27,000,000.00 7,421,761.66 290,793,276.03 A-8 70,000,000.00 59,975,862.88 4,169,381.12 274,114.68 4,443,495.80 55,806,481.76 1,275,118.84 57,081,600.60 R N/A N/A N/A 0.00 0.00 N/A - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 400,000,000.00 353,847,923.39 14,669,927.26 1,980,403.20 16,650,330.46 339,177,996.13 8,696,880.50 347,874,876.63 - ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END. CERT. CLASS DISTRIBUTION DISTRIBUTION BALANCE - -------------------------------------------------------------------------------- A-1 82.91454040 3.94886184 631.81158351 A-2 0.00000000 5.58333343 1000.00000000 A-3 0.00000000 5.78333339 1000.00000000 A-4 0.00000000 6.04166667 1000.00000000 A-5 0.00000000 6.23333333 1000.00000000 A-6 0.00000000 6.39166681 1000.00000000 A-7 0.00000000 6.02500000 1000.00000000 A-8 59.56258743 3.91592400 797.23545371 - -------------------------------------------------------------------------------- TOTALS 36.67481815 1.965899993 847.9449903 - --------------------------------------------------------------------------------
PASS THRU RATES
INIT PASS CURR PASS CLASS THRU RATE THRU RATE ------------------------------------------------------------------ A-1 6.63000000% 6.63000000% A-2 6.70000000% 6.70000000% A-3 6.94000000% 6.94000000% A-4 7.25000000% 7.25000000% A-5 7.48000000% 7.48000000% A-6 7.67000000% 7.67000000% A-7 7.23000000% 7.23000000% A-8 5.72000000% 5.87625000% ------------------------------------------------------------------
================================================================================ IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: ------------------------------------------------------------ ANN MARIE JOSE THE CHASE MANHATTAN BANK - ASPG 450 WEST 33RD STREET, 15TH FLOOR NEW YORK, NEW YORK 10001 (212) 946-7148 ------------------------------------------------------------ (C) COPYRIGHT 1997, CHASE BANKING CORPORATION - -------------------------------------------------------------------------------- 26 - -------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ================================================================================ DISTRIBUTION: 20-Oct-97 PAGE # 2
GROUP I GROUP II ------- -------- SECTION 7.08 (1) BEGINNING CERTIFICATE ACCOUNT 12,245,991.94 4,451,468.46 SECTION 7.08 (2) CLASS A DISTRIBUTION AMOUNT 16,650,330.46 GROUP I GROUP II ------- -------- SECTION 7.08 (3) SUBORDINATION INCREASE AMOUNT 996,102.85 197,965.43 SECTION 7.08 (4) INSURED PAYMENT 0.00 0.00 SECTION 7.08 (6) BEGINNING CLASS A CERTIFICATE PRINCIPAL BALANCE 353,847,923.39 CLASS A PRINCIPAL DISTRIBUTION 14,669,927.26 ENDING CLASS A CERTIFICATE PRINCIPAL BALANCE 339,177,996.13 SECTION 7.08 (7) REALIZED LOSSES 11,132.76 GROUP I GROUP II ------- -------- SECTION 7.08 (8) SUBORDINATION REDUCTION AMOUNT 0.00 0.00 SECTION 7.08 (9) PRE-FUNDED AMOUNT PREVIOUSLY USED TO PURCHASE SUBSEQUENT MORTGAGE LOANS 0.00 0.00 (B) PRE-FUNDED AMOUNT DISTRIBUTED AS A CLASS A PRINCIPAL DISTRIBUTION AMOUNT 0.00 0.00 (C) PRE-FUNDING ACCOUNT EARNINGS TRANSFERRED TO THE CAPITALIZED INTEREST ACCOUNT 0.00 0.00 (D) THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE CERTIFICATE ACCOUNT 0.00 THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE DEPOSITOR 0.00 SECTION 7.08 (10) THE AMOUNT BY WHICH THE SERVICING FEE IS REDUCED 0.00 DUE TO GROUP I UNDERWATER LOANS PER $1000 --------- SECTION 7.09 (a)(i) CLASS A-1 DISTRIBUTION 11,000,641.85 86.86 CLASS A-2 DISTRIBUTION 195,533.92 5.58 CLASS A-3 DISTRIBUTION 366,495.62 5.78 CLASS A-4 DISTRIBUTION 253,931.25 6.04 CLASS A-5 DISTRIBUTION 83,757.30 6.23 CLASS A-6 DISTRIBUTION 143,799.72 6.39 CLASS A-7 DISTRIBUTION 162,675.00 6.03 CLASS A-8 DISTRIBUTION 4,443,495.80 63.48 CLASS R DISTRIBUTION 0.00 SECTION 7.09 (a)(ii) GROUP I CLASS A PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 237,897.19 0.72 PRINCIPAL PREPAYMENTS 9,184,951.02 27.83 SUBORDINATION INCREASE AMOUNT 996,102.85 3.02 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 81,595.08 0.25 GROUP II CLASS A-8 PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 27,536.90 0.39 PRINCIPAL PREPAYMENTS 3,943,878.79 56.34 SUBORDINATION INCREASE AMOUNT 197,965.43 2.83 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 0.00 0.00 SECTION 7.09 (a)(iv) CLASS A-1 CARRYFORWARD 0.00 CLASS A-2 CARRYFORWARD 0.00 CLASS A-3 CARRYFORWARD 0.00 CLASS A-4 CARRYFORWARD 0.00 CLASS A-5 CARRYFORWARD 0.00 CLASS A-6 CARRYFORWARD 0.00 CLASS A-7 CARRYFORWARD 0.00 CLASS A-8 CARRYFORWARD 0.00 0.00 SECTION 7.09 (a)(v) INSURED PAYMENT INCLUDED IN CLASS A DISTRIBUTION 0.00
(C) COPYRIGHT 1997, CHASE BANKING CORPORATION - -------------------------------------------------------------------------------- 27 - -------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ================================================================================ DISTRIBUTION: 20-Oct-97 PAGE # 3
GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vi) ENDING AGGREGATE LOAN BALANCE 290,793,276.03 57,081,600.60 ENDING NUMBER OF LOANS 4758 616 ENDING CERTIFICATE BALANCE: PER $1000 --------- CLASS A-1 80,014,514.37 631.8115835 CLASS A-2 35,021,000.00 1000 CLASS A-3 63,371,000.00 1000 CLASS A-4 42,030,000.00 1000 CLASS A-5 13,437,000.00 1000 CLASS A-6 22,498,000.00 1000 CLASS A-7 27,000,000.00 1000 CLASS A-8 55,806,481.76 797.2354537 GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vii) SUBORDINATED AMOUNT 7,421,761.66 1,275,118.84 SUBORDINATION DEFICIT 0.00 0.00 SECTION 7.09 (a)(ix) SUBSTITUTION AMOUNTS INCLUDED IN DISTRIBUTION 0.00 LOAN PURCHASE PRICE AMTS INCLUDED IN DISTRIBUTION 0.00 SECTION 7.09 (a)(x) WEIGHTED AVERAGE COUPON RATE 11.730600% 10.328500% SECTION 7.09 (a)(xii) WEIGHTED GROSS MARGIN OF THE HOME EQUITY LOANS IN GROUP II 6.033500% SECTION 7.09 (a)(xiii) LARGEST MORTGAGE LOAN BALANCE OUTSTANDING 546,204.20 496,406.15 SECTION 7.09 (a)(xiv) REMAINING PRE-FUNDED AMOUNT 0.00 0.00 SECTION 7.09 (b)(i) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:*
GROUP I
- -------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE - -------------------------------------------------------------------------------- 30-59 DAYS 152 8,367,460.00 2.41% 60-89 DAYS 62 3,502,634.04 1.01% 90 + DAYS 203 13,474,428.70 3.87% - --------------------------------------------------------------------------------
GROUP II
- -------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE - -------------------------------------------------------------------------------- 30-59 DAYS 22 1,688,446.93 0.49% 60-89 DAYS 7 823,518.47 0.24% 90 + DAYS 25 2,089,111.25 0.60% - --------------------------------------------------------------------------------
AGGREGATE
- -------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE - -------------------------------------------------------------------------------- 30-59 DAYS 174 10,055,906.93 2.89% 60-89 DAYS 69 4,326,152.51 1.24% 90 + DAYS 228 15,563,539.95 4.47% - --------------------------------------------------------------------------------
* The number and aggrgate principal balance of delinquent loans includes loans in foreclosure and bankruptcy (C) COPYRIGHT 1997, CHASE BANKING CORPORATION - -------------------------------------------------------------------------------- 28 - -------------------------------------------------------------------------------- IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 ================================================================================ PAGE # 4 DISTRIBUTION: 20-Oct-97
GROUP I GROUP II TOTAL ------- -------- ----- SECTION 7.09 (b)(ii) NUMBER OF LOANS IN FORECLOSURE 89 12 101 AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 6,474,972.90 1,237,319.38 7,712,292.28 NUMBER OF LOANS IN FORECLOSURE THAT WERE COMMENCED 24 3 27 IN THE PRIOR MONTH AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 1,574,353.45 462,713.06 2,037,066.51 THAT WERE COMMENCED IN THE PRIOR MONTH SECTION 7.09 (b)(iii) NUMBER OF LOANS IN BANKRUPTCY 70 8 78 AGGREGATE PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY 4,016,238.38 736,265.23 4,752,503.61 NUMBER OF LOANS THAT ARE "BALLOON" LOANS 2,340 2 2342 AGG PRIN BALANCE OF LOANS THAT ARE "BALLOON LOANS" 173,209,928.00 158,209.36 173,368,137.36 SECTION 7.09 (b)(iv) NUMBER OF REO PROPERTIES 14 0 14 AGGREGATE PRINCIPAL BALANCE OF REO PROPERTIES 780,338.96 0.00 780,338.96 SECTION 7.09 (b)(v) BOOK VALUE OF REO PROPERTY 1,048,500.00 0.00 1,048,500.00 SECTION 7.09 (b)(vi) CUMULATIVE LOSS PERCENTAGE 0.00337356% 0.00000000% 0.00278319% CUMULATIVE REALIZED LOSSES 11,132.76 0.00 11,132.76 CURRENT PERIOD REALIZED LOSSES 11,132.76 0.00 11,132.76 ANNUAL LOSS PERCENTAGE 0.00337356% 0.00000000% 0.00278319% SECTION 7.09 (b)(vii) 90 + DELINQUENCY PERCENTAGE 2.87761969% 1.63149349% 4.69820617%
(C) COPYRIGHT 1997, CHASE BANKING CORPORATION - -------------------------------------------------------------------------------- 29 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 DISTRIBUTION: 20-Nov-97 PAGE #1
ORIGINAL BEGINNING ENDING ENDING CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL CERTIFICATE SUBORDINATE PRINCIPAL CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE AMOUNT BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- A-1 126,643,000.00 80,014,514.37 10,599,300.25 442,080.19 11,041,380.44 69,415,214.12 A-2 35,021,000.00 35,021,000.00 0.00 195,533.92 195,533.92 35,021,000.00 A-3 63,371,000.00 63,371,000.00 0.00 366,495.62 366,495.62 63,371,000.00 A-4 42,030,000.00 42,030,000.00 0.00 253,931.25 253,931.25 42,030,000.00 A-5 13,437,000.00 13,437,000.00 0.00 83,757.30 83,757.30 13,437,000.00 A-6 22,498,000.00 22,498,000.00 0.00 143,799.72 143,799.72 22,498,000.00 A-7 27,000,000.00 27,000,000.00 0.00 162,675.00 162,675.00 27,000,000.00 8,309,329.24 281,081,543.36 A-8 70,000,000.00 55,806,481.76 2,259,280.86 280,884.87 2,540,165.73 53,547,200.90 1,433,966.44 54,981,167.34 R N/A N/A N/A 0.00 0.00 N/A - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 400,000,000.00 339,177,996.13 12,858,581.11 1,929,157.87 14,787,738.98 326,319,415.02 9,743,295.68 336,062,710.70 ===================================================================================================================================
FACTOR INFORMATION PER $1,000 PASS THRU RATES PRINCIPAL INTEREST END. CERT. INIT PASS CURR PASS CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS THRU RATE THRU RATE - --------------------------------------------------------- --------------------------------------- A-1 83.69432381 3.49075898 548.11725970 A-1 6.63000000% 6.63000000% A-2 0.00000000 5.58333343 1000.00000000 A-2 6.70000000% 6.70000000% A-3 0.00000000 5.78333339 1000.00000000 A-3 6.94000000% 6.94000000% A-4 0.00000000 6.04166667 1000.00000000 A-4 7.25000000% 7.25000000% A-5 0.00000000 6.23333333 1000.00000000 A-5 7.48000000% 7.48000000% A-6 0.00000000 6.39166681 1000.00000000 A-6 7.67000000% 7.67000000% A-7 0.00000000 6.02500000 1000.00000000 A-7 7.23000000% 7.23000000% A-8 32.27544086 4.01264100 764.96001286 A-8 5.72000000% 5.84500000% - ---------------------------------------------------------- ------------------------------------- TOTALS 32.14645278 1.879880527 815.7985376 ==========================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: -------------------------------------- ANN MARIE JOSE THE CHASE MANHATTAN BANK - ASPG 450 WEST 33RD STREET, 15TH FLOOR NEW YORK, NEW YORK 10001 (212) 946-7148 -------------------------------------- 30 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 DISTRIBUTION: 20-Nov-97 Page # 2
GROUP I GROUP II ------- -------- SECTION 7.08(1) BEGINNING CERTIFICATE ACCOUNT 12,285,337.04 2,547,599.72 SECTION 7.08(2) CLASS A DISTRIBUTION AMOUNT 14,787,738.98 GROUP I GROUP II ------- -------- SECTION 7.08(3) SUBORDINATION INCREASE AMOUNT 937,381.24 158,847.40 SECTION 7.08(4) INSURED PAYMENT 0.00 0.00 SECTION 7.08(6) BEGINNING CLASS A CERTIFICATE PRINCIPAL BALANCE 339,177,996.13 CLASS A PRINCIPAL DISTRIBUTION 12,858,581.11 ENDING CLASS A CERTIFICATE PRINCIPAL BALANCE 326,319,415.02 SECTION 7.08(7) REALIZED LOSSES 49,813.66 GROUP I GROUP II ------- -------- SECTION 7.08(8) SUBORDINATION REDUCTION AMOUNT 0.00 0.00 SECTION 7.08(9) PRE-FUNDED AMOUNT PREVIOUSLY USED TO PURCHASE SUBSEQUENT MORTGAGE LOANS 0.00 0.00 (B) PRE-FUNDED AMOUNT DISTRIBUTED AS A CLASS A PRINCIPAL DISTRIBUTION AMOUNT 0.00 0.00 (C) PRE-FUNDING ACCOUNT EARNINGS TRANSFERRED TO THE CAPITALIZED INTEREST ACCOUNT 0.00 0.00 (D) THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE CERTIFICATE ACCOUNT 0.00 THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE DEPOSITOR 0.00 SECTION 7.8(10) THE AMOUNT BY WHICH THE SERVICING FEE IS REDUCED 0.00 DUE TO GROUP I UNDERWATER LOANS PER $1000 --------- SECTION 7.09 (a)(i) CLASS A-1 DISTRIBUTION 11,041,380.44 87.19 CLASS A-2 DISTRIBUTION 195,533.92 5.58 CLASS A-3 DISTRIBUTION 366,495.62 5.78 CLASS A-4 DISTRIBUTION 253,931.25 6.04 CLASS A-5 DISTRIBUTION 83,757.30 6.23 CLASS A-6 DISTRIBUTION 143,799.72 6.39 CLASS A-7 DISTRIBUTION 162,675.00 6.03 CLASS A-8 DISTRIBUTION 2,540,165.73 36.29 CLASS R DISTRIBUTION 0.00 SECTION 7.09 (a)(ii) GROUP I CLASS A PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 222,994.95 0.68 PRINCIPAL PREPAYMENTS 9,339,337.72 28.30 SUBORDINATION INCREASE AMOUNT 937,381.24 2.84 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 99,586.34 0.30 GROUP II CLASS A-8 PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 24,907.19 0.36 PRINCIPAL PREPAYMENTS 2,075,526.27 29.65 SUBORDINATION INCREASE AMOUNT 158,847.40 2.27 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 0.00 0.00 SECTION 7.09(a)(iv) CLASS A-1 CARRYFORWARD 0.00 CLASS A-2 CARRYFORWARD 0.00 CLASS A-3 CARRYFORWARD 0.00 CLASS A-4 CARRYFORWARD 0.00 CLASS A-5 CARRYFORWARD 0.00 CLASS A-6 CARRYFORWARD 0.00 CLASS A-7 CARRYFORWARD 0.00 CLASS A-8 CARRYFORWARD 0.00 SECTION 7.09 (a)(v) INSURED PAYMENT INCLUDED IN CLASS A DISTRIBUTION 0.00
(C) COPYRIGHT 1997, CHASE BANKING CORPORATION 31 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 DISTRIBUTION: 20-Nov-97 PAGE # 3
GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vi) ENDING AGGREGATE LOAN BALANCE 281,081,543.36 54,981,167.34 ENDING NUMBER OF LOANS 4620 592 ENDING CERTIFICATE BALANCE: PER $1000 --------- CLASS A-1 69,415,214.12 548.1172597 CLASS A-2 35,021,000.00 1000 CLASS A-3 63,371,000.00 1000 CLASS A-4 42,030,000.00 1000 CLASS A-5 13,437,000.00 1000 CLASS A-6 22,498,000.00 1000 CLASS A-7 27,000,000.00 1000 CLASS A-8 53,547,200.90 764.9600129 GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vii) SUBORDINATED AMOUNT 8,309,329.24 1,433,966.44 SUBORDINATION DEFICIT 0.00 0.00 SECTION 7.09 (a)(ix) SUBSTITUTION AMOUNTS INCLUDED IN DISTRIBUTION 0.00 LOAN PURCHASE PRICE AMTS INCLUDED IN DISTRIBUTION 0.00 SECTION 7.09 (a)(x) WEIGHTED AVERAGE COUPON RATE 11.718600% 10.357800% SECTION 7.09 (a)(xii) WEIGHTED GROSS MARGIN OF THE HOME EQUITY LOANS IN GROUP II 6.025700% SECTION 7.09 (a)(xiii) LARGEST MORTGAGE LOAN BALANCE OUTSTANDING 545,939.17 496,092.28 SECTION 7.09 (a)(xiv) REMAINING PRE-FUNDED AMOUNT 0.00 0.00 SECTION 7.09 (b)(i) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:*
GROUP I CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------------------- 30-59 DAYS 200 12,544,461.30 3.73% 60-89 DAYS 71 4,000,917.80 1.19% 90 + DAYS 230 15,426,963.27 4.59%
GROUP II CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------------------- 30-59 DAYS 20 2,292,932.13 0.68% 60-89 DAYS 14 1,152,438.75 0.34% 90 + DAYS 28 2,484,327.83 0.74%
AGGREGATE CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------------------- 30-59 DAYS 220 14,837,393.43 4.42% 60-89 DAYS 85 5,153,356.55 1.53% 90 + DAYS 258 17,911,291.10 5.33%
*The number and aggregate principal balance of delinquent loans includes loans in foreclosure and bankruptcy (C) COPYRIGHT 1997, CHASE BANKING CORPORATION 32 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 PAGE # 4 DISTRIBUTION: 20-Nov-97
GROUP I GROUP II TOTAL ------- -------- ----- SECTION 7.09 (b)(ii) NUMBER OF LOANS IN FORECLOSURE 120 12 132 AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 8,772,844.64 1,050,878.80 9,823,723.44 NUMBER OF LOANS IN FORECLOSURE THAT WERE COMMENCED 37 2 39 IN THE PRIOR MONTH AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 2,523,137.61 145,174.49 2,668,312.10 THAT WERE COMMENCED IN THE PRIOR MONTH SECTION 7.09 (b)(iii) NUMBER OF LOANS IN BANKRUPTCY 85 9 94 AGGREGATE PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY 4,735,169.43 809,051.82 5,544,221.25 NUMBER OF LOANS THAT ARE "BALLOON" LOANS 2,248 2 2,250 AGG PRIN BALANCE OF LOANS THAT ARE "BALLOON LOANS" 165,616,220.12 158,130.65 165,774,350.77 SECTION 7.09 (b)(iv) NUMBER OF REO PROPERTIES 16 2 18 AGGREGATE PRINCIPAL BALANCE OF REO PROPERTIES 827,088.25 331,773.83 1,158,862.08 SECTION 7.09 (b)(v) BOOK VALUE OF REO PROPERTY 1,170,500.00 527776 1,698,276.00 SECTION 7.09 (b)(vi) CUMULATIVE LOSS PERCENTAGE 0.01846861% 0.00000000% 0.01523661% CUMULATIVE REALIZED LOSSES 60,946.42 0.00 60,946.42 CURRENT PERIOD REALIZED LOSSES 49,813.66 0.00 49,813.66 ANNUAL LOSS PERCENTAGE 0.01846861% 0.00000000% 0.01523661% SECTION 7.09 (b)(vii) 90 + DELINQUENCY PERCENTAGE 3.65617809% 2.39682436% 5.67458173%
(C) COPYRIGHT 1997, CHASE BANKING CORPORAWTION 33 EXHIBIT 19 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 DISTRIBUTION: 22-Dec-97 PAGE # 1
ORIGINAL BEGINNING ENDING ENDING CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL CERTIFICATE SUBORDINATE PRINCIPAL CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE AMOUNT BALANCE - ---------------------------------------------------------------------------------------------------------------------------------- A-1 126,643,000.00 69,415,214.12 7,510,291.09 383,519.06 7,893,810.15 61,904,923.03 A-2 35,021,000.00 35,021,000.00 0.00 195,533.92 195,533.92 35,021,000.00 A-3 63,371,000.00 63,371,000.00 0.00 366,495.62 366,495.62 63,371,000.00 A-4 42,030,000.00 42,030,000.00 0.00 253,931.25 253,931.25 42,030,000.00 A-5 13,437,000.00 13,437,000.00 0.00 83,757.30 83,757.30 13,437,000.00 A-6 22,498,000.00 22,498,000.00 0.00 143,799.72 143,799.72 22,498,000.00 A-7 27,000,000.00 27,000,000.00 0.00 162,675.00 162,675.00 27,000,000.00 9,159,245.81 274,421,168.84 A-8 70,000,000.00 53,547,200.90 2,778,778.36 281,182.30 3,059,960.66 50,768,422.54 1,562,649.23 52,331,071.77 R N/A N/A N/A 0.00 0.00 N/A - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 400,000,000.00 326,319,415.02 10,289,069.45 1,870,894.17 12,159,963.62 316,030,345.57 10,721,895.04 326,752,240.61 - -----------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES PRINCIPAL INTEREST END. CERT. INIT PASS CURR PASS CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS THRU RATE THRU RATE - ---------------------------------------------------------- ----------------------------------------------------- A-1 59.30285203 3.02834788 488.81440767 A-1 6.63000000% 6.63000000% A-2 0.00000000 5.58333343 1000.00000000 A-2 6.70000000% 6.70000000% A-3 0.00000000 5.78333339 1000.00000000 A-3 6.94000000% 6.94000000% A-4 0.00000000 6.04166667 1000.00000000 A-4 7.25000000% 7.25000000% A-5 0.00000000 6.23333333 1000.00000000 A-5 7.48000000% 7.48000000% A-6 0.00000000 6.39166681 1000.00000000 A-6 7.67000000% 7.67000000% A-7 0.00000000 6.02500000 1000.00000000 A-7 7.23000000% 7.23000000% A-8 39.69683371 4.01689000 725.26317914 A-8 5.72000000% 5.90750000% - ---------------------------------------------------------- ----------------------------------------------------- TOTALS 25.72267363 1.774497481 790.0758639 - ----------------------------------------------------------
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: ANN MARIE JOSE THE CHASE MANHATTAN BANK - ASPG 450 WEST 33RD STREET, 15TH FLOOR NEW YORK, NEW YORK 10001 (212) 946-7148 34 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 DISTRIBUTION: 22-Dec-97 PAGE # 2
GROUP I GROUP II ------- -------- SECTION 7.08 (1) BEGINNING CERTIFICATE ACCOUNT 9,136,386.33 3,067,090.15 SECTION 7.08 (2) CLASS A DISTRIBUTION AMOUNT 12,159,963.62 GROUP I GROUP II ------- -------- SECTION 7.08 (3) SUBORDINATION INCREASE AMOUNT 877,286.17 149,737.43 SECTION 7.08 (4) INSURED PAYMENT 0.00 0.00 SECTION 7.08 (6) BEGINNING CLASS A CERTIFICATE PRINCIPAL BALANCE 326,319,415.02 CLASS A PRINCIPAL DISTRIBUTION 10,289,069.45 ENDING CLASS A CERTIFICATE PRINCIPAL BALANCE 316,030,345.57 SECTION 7.08 (7) REALIZED LOSSES 27,369.60 21,054.64 GROUP I GROUP II ------- -------- SECTION 7.08 (8) SUBORDINATION REDUCTION AMOUNT 0.00 0.00 SECTION 7.08 (9) PRE-FUNDED AMOUNT PREVIOUSLY USED TO PURCHASE SUBSEQUENT MORTGAGE LOANS 0.00 0.00 (B) PRE-FUNDED AMOUNT DISTRIBUTED AS A CLASS A PRINCIPAL DISTRIBUTION AMOUNT 0.00 0.00 (C) PRE-FUNDING ACCOUNT EARNINGS TRANSFERRED TO THE CAPITALIZED INTEREST ACCOUNT 0.00 0.00 (D) THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE CERTIFICATE ACCOUNT 0.00 THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE DEPOSITOR 0.00 SECTION 7.08 (10) THE AMOUNT BY WHICH THE SERVICING FEE IS REDUCED 0.00 DUE TO GROUP I UNDERWATER LOANS PER $1000 --------- SECTION 7.09 (a)(i) CLASS A-1 DISTRIBUTION 7,893,810.15 62.33 CLASS A-2 DISTRIBUTION 195,533.92 5.58 CLASS A-3 DISTRIBUTION 366,495.62 5.78 CLASS A-4 DISTRIBUTION 253,931.25 6.04 CLASS A-5 DISTRIBUTION 83,757.30 6.23 CLASS A-6 DISTRIBUTION 143,799.72 6.39 CLASS A-7 DISTRIBUTION 162,675.00 6.03 CLASS A-8 DISTRIBUTION 3,059,960.66 43.71 CLASS R DISTRIBUTION 0.00 SECTION 7.09 (a)(ii) GROUP I CLASS A PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 179,182.40 0.54 PRINCIPAL PREPAYMENTS 6,409,192.12 19.42 SUBORDINATION INCREASE AMOUNT 877,286.17 2.66 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 44,630.40 0.14 GROUP II CLASS A-8 PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 22,130.04 0.32 PRINCIPAL PREPAYMENTS 2,518,090.71 35.97 SUBORDINATION INCREASE AMOUNT 149,737.43 2.14 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 88,820.18 1.27 SECTION 7.09 (a)(iv) CLASS A-1 CARRYFORWARD 0.00 CLASS A-2 CARRYFORWARD 0.00 CLASS A-3 CARRYFORWARD 0.00 CLASS A-4 CARRYFORWARD 0.00 CLASS A-5 CARRYFORWARD 0.00 CLASS A-6 CARRYFORWARD 0.00 CLASS A-7 CARRYFORWARD 0.00 CLASS A-8 CARRYFORWARD 0.00 0.00 SECTION 7.09 (a)(v) INSURED PAYMENT INCLUDED IN CLASS A DISTRIBUTION 0.00
35 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 DISTRIBUTION: 22-Dec-97 PAGE # 3
GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vi) ENDING AGGREGATE LOAN BALANCE 274,421,168.84 52,331,071.77 ENDING NUMBER OF LOANS 4515 569 ENDING CERTIFICATE BALANCE: PER $1000 --------- CLASS A-1 61,904,923.03 488.8144077 CLASS A-2 35,021,000.00 1000 CLASS A-3 63,371,000.00 1000 CLASS A-4 42,030,000.00 1000 CLASS A-5 13,437,000.00 1000 CLASS A-6 22,498,000.00 1000 CLASS A-7 27,000,000.00 1000 CLASS A-8 50,768,422.54 725.2631791 GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vii) SUBORDINATED AMOUNT 9,159,245.81 1,562,649.23 SUBORDINATION DEFICIT 0.00 0.00 SECTION 7.09 (a)(ix) SUBSTITUTION AMOUNTS INCLUDED IN DISTRIBUTION 0.00 LOAN PURCHASE PRICE AMTS INCLUDED IN DISTRIBUTION 0.00 SECTION 7.09 (a)(x) WEIGHTED AVERAGE COUPON RATE 11.708100% 10.393200% SECTION 7.09 (a)(xii) WEIGHTED GROSS MARGIN OF THE HOME EQUITY LOANS IN GROUP II 6.021100% SECTION 7.09 (a)(xiii) LARGEST MORTGAGE LOAN BALANCE OUTSTANDING 545,671.96 495,776.12 SECTION 7.09 (a)(xiv) REMAINING PRE-FUNDED AMOUNT 0.00 0.00 SECTION 7.09 (b)(i) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:* GROUP I ----------------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE ----------------------------------------------------------------------------------------- 30-59 DAYS 211 11,269,038.00 3.45% 60-89 DAYS 71 4,308,854.00 1.32% 90 + DAYS 259 16,872,750.00 5.16% ----------------------------------------------------------------------------------------- GROUP II ----------------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE ----------------------------------------------------------------------------------------- 30-59 DAYS 41 3,304,121.00 1.01% 60-89 DAYS 14 1,322,440.00 0.40% 90 + DAYS 29 2,260,169.00 0.69% ----------------------------------------------------------------------------------------- AGGREGATE ----------------------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE ----------------------------------------------------------------------------------------- 30-59 DAYS 252 14,573,159.00 4.46% 60-89 DAYS 85 5,631,294.00 1.72% 90 + DAYS 288 19,132,919.00 5.86% -----------------------------------------------------------------------------------------
*The number and aggrgate principal balance of delinquent loans includes loans in foreclosure and bankruptcy 36 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2 DISTRIBUTION: 22-Dec-97 PAGE # 4
GROUP I GROUP II TOTAL ------- -------- ----- SECTION 7.09 (b)(ii) NUMBER OF LOANS IN FORECLOSURE 159 18 177 AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 11,465,666.15 1,401,913.48 12,867,579.63 NUMBER OF LOANS IN FORECLOSURE THAT WERE COMMENCED N/A N/A 0 IN THE PRIOR MONTH AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE N/A N/A 00 THAT WERE COMMENCED IN THE PRIOR MONTH SECTION 7.09 (b)(iii) NUMBER OF LOANS IN BANKRUPTCY 75 7 82 AGGREGATE PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY 4,222,772.66 707,042.03 4,929,814.69 NUMBER OF LOANS THAT ARE "BALLOON" LOANS 2,170 N/A 2170 AGG PRIN BALANCE OF LOANS THAT ARE "BALLOON LOANS" 159,508,179.39 N/A 159,508,179.39 SECTION 7.09 (b)(iv) NUMBER OF REO PROPERTIES 19 2 21 AGGREGATE PRINCIPAL BALANCE OF REO PROPERTIES 1,008,095.53 331,773.83 1,339,869.36 SECTION 7.09 (b)(v) BOOK VALUE OF REO PROPERTY N/A N/A 00 SECTION 7.09 (b)(vi) CUMULATIVE LOSS PERCENTAGE 0.02676243% 0.03007806% 0.02734267% CUMULATIVE REALIZED LOSSES 88,316.02 21,054.64 109,370.66 CURRENT PERIOD REALIZED LOSSES 27,369.60 21,054.64 48,424.24 ANNUAL LOSS PERCENTAGE 0.02676243% 0.03007806% 0.02734267% SECTION 7.09 (b)(vii) 90 + DELINQUENCY PERCENTAGE 4.44919410% 3.05859282% 6.26553878%
37 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2
==================================================================================================================================== DISTRIBUTION: 20-Jan-98 PAGE # 1 ORIGINAL BEGINNING ENDING ENDING CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL CERTIFICATE SUBORDINATE PRINCIPAL CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE AMOUNT BALANCE - ----------------------------------------------------------------------------------------------------------------------------------- A-1 126,643,000.00 61,904,923.03 9,348,862.96 342,024.70 9,690,887.66 52,556,060.07 A-2 35,021,000.00 35,021,000.00 0.00 195,533.92 195,533.92 35,021,000.00 A-3 63,371,000.00 63,371,000.00 0.00 366,495.62 366,495.62 63,371,000.00 A-4 42,030,000.00 42,030,000.00 0.00 253,931.25 253,931.25 42,030,000.00 A-5 13,437,000.00 13,437,000.00 0.00 83,757.30 83,757.30 13,437,000.00 A-6 22,498,000.00 22,498,000.00 0.00 143,799.72 143,799.72 22,498,000.00 A-7 27,000,000.00 27,000,000.00 0.00 162,675.00 162,675.00 27,000,000.00 9,959,139.64 265,872,199.71 A-8 70,000,000.00 50,768,422.54 2,624,567.41 253,099.98 2,877,667.39 48,143,855.13 1,718,565.52 49,862,420.65 R N/A N/A N/A 0.00 0.00 N/A - ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 400,000,000.00 316,030,345.57 11,973,430.37 1,801,317.49 13,774,747.86 304,056,915.20 11,677,705.16 315,734,620.36 - -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------- - -------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 PASS THRU RATES PRINCIPAL INTEREST END. CERT. INIT PASS CURR PASS CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS THRU RATE THRU RATE - --------------------------------------------------------- ---------------------------------------------- A-1 73.82060564 2.70069960 414.99380203 A-1 6.63000000% 6.63000000% A-2 0.00000000 5.58333343 1000.00000000 A-2 6.70000000% 6.70000000% A-3 0.00000000 5.78333339 1000.00000000 A-3 6.94000000% 6.94000000% A-4 0.00000000 6.04166667 1000.00000000 A-4 7.25000000% 7.25000000% A-5 0.00000000 6.23333333 1000.00000000 A-5 7.48000000% 7.48000000% A-6 0.00000000 6.39166681 1000.00000000 A-6 7.67000000% 7.67000000% A-7 0.00000000 6.02500000 1000.00000000 A-7 7.23000000% 7.23000000% A-8 37.49382014 3.61571400 687.76935900 A-8 5.72000000% 6.18875000% - --------------------------------------------------------- ---------------------------------------------- TOTALS 29.93357593 1.700971529 760.142288 - ---------------------------------------------------------
=============================================================================== IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: - ------------------------------------------------------------------------------- ANN MARIE JOSE THE CHASE MANHATTAN BANK - ASPG 450 WEST 33RD STREET, 15TH FLOOR NEW YORK, NEW YORK 10001 (212) 946-7148 - ------------------------------------------------------------------------------- 38 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2
=============================================================================================================================== DISTRIBUTION: 20-Jan-98 PAGE # 2 GROUP I GROUP II ------- -------- SECTION 7.08 (1) BEGINNING CERTIFICATE ACCOUNT 10,932,453.81 2,884,428.96 SECTION 7.08 (2) CLASS A DISTRIBUTION AMOUNT 13,774,747.86 GROUP I GROUP II ------- -------- SECTION 7.08 (3) SUBORDINATION INCREASE AMOUNT 839,052.89 155,916.29 SECTION 7.08 (4) INSURED PAYMENT 0.00 0.00 SECTION 7.08 (6) BEGINNING CLASS A CERTIFICATE PRINCIPAL BALANCE 316,030,345.57 CLASS A PRINCIPAL DISTRIBUTION 11,973,430.37 ENDING CLASS A CERTIFICATE PRINCIPAL BALANCE 304,056,915.20 SECTION 7.08 (7) REALIZED LOSSES 39,159.06 0.00 GROUP I GROUP II ------- -------- SECTION 7.08 (8) SUBORDINATION REDUCTION AMOUNT 0.00 0.00 SECTION 7.08 (9) PRE-FUNDED AMOUNT PREVIOUSLY USED TO PURCHASE SUBSEQUENT MORTGAGE LOANS 0.00 0.00 (B) PRE-FUNDED AMOUNT DISTRIBUTED AS A CLASS A PRINCIPAL DISTRIBUTION AMOUNT 0.00 0.00 (C) PRE-FUNDING ACCOUNT EARNINGS TRANSFERRED TO THE CAPITALIZED INTEREST ACCOUNT 0.00 0.00 (D) THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE CERTIFICATE ACCOUNT 0.00 THE AMOUNTS TRANSFERRED FROM THE CAPITALIZED INTEREST ACCOUNT TO THE DEPOSITOR 0.00 SECTION 7.08 (10) THE AMOUNT BY WHICH THE SERVICING FEE IS REDUCED 0.00 DUE TO GROUP I UNDERWATER LOANS PER $1000 --------- SECTION 7.09 (a)(i) CLASS A-1 DISTRIBUTION 9,690,887.66 76.52 CLASS A-2 DISTRIBUTION 195,533.92 5.58 CLASS A-3 DISTRIBUTION 366,495.62 5.78 CLASS A-4 DISTRIBUTION 253,931.25 6.04 CLASS A-5 DISTRIBUTION 83,757.30 6.23 CLASS A-6 DISTRIBUTION 143,799.72 6.39 CLASS A-7 DISTRIBUTION 162,675.00 6.03 CLASS A-8 DISTRIBUTION 2,877,667.39 41.11 CLASS R DISTRIBUTION 0.00 SECTION 7.09 (a)(ii) GROUP I CLASS A PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 175,368.69 0.53 PRINCIPAL PREPAYMENTS 8,306,863.85 25.17 SUBORDINATION INCREASE AMOUNT 839,052.89 2.54 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 27,577.53 0.08 GROUP II CLASS A-8 PRINCIPAL DISTRIBUTION INSTALLMENT PRINCIPAL COLLECTED 25,305.64 0.36 PRINCIPAL PREPAYMENTS 2,443,345.48 34.90 SUBORDINATION INCREASE AMOUNT 155,916.29 2.23 PRIN PREPAY FROM PRE-FUND ACCT 0.00 0.00 OTHER 0.00 0.00 SECTION 7.09 (a)(iv) CLASS A-1 CARRYFORWARD 0.00 CLASS A-2 CARRYFORWARD 0.00 CLASS A-3 CARRYFORWARD 0.00 CLASS A-4 CARRYFORWARD 0.00 CLASS A-5 CARRYFORWARD 0.00 CLASS A-6 CARRYFORWARD 0.00 CLASS A-7 CARRYFORWARD 0.00 CLASS A-8 CARRYFORWARD 0.00 0.00 SECTION 7.09 (a)(v) INSURED PAYMENT INCLUDED IN CLASS A DISTRIBUTION 0.00
39 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2
=========================================================================================================================== DISTRIBUTION: 20-Jan-98 PAGE #3 GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vi) ENDING AGGREGATE LOAN BALANCE 265,872,199.71 49,862,420.65 ENDING NUMBER OF LOANS 4384 546 ENDING CERTIFICATE BALANCE: PER $1000 --------- CLASS A-1 52,556,060.07 414.993802 CLASS A-2 35,021,000.00 1000 CLASS A-3 63,371,000.00 1000 CLASS A-4 42,030,000.00 1000 CLASS A-5 13,437,000.00 1000 CLASS A-6 22,498,000.00 1000 CLASS A-7 27,000,000.00 1000 CLASS A-8 48,143,855.13 687.769359 GROUP I GROUP II ------- -------- SECTION 7.09 (a)(vii) SUBORDINATED AMOUNT 9,959,139.64 1,718,565.52 SUBORDINATION DEFICIT 0.00 0.00 SECTION 7.09 (a)(ix) SUBSTITUTION AMOUNTS INCLUDED IN DISTRIBUTION 0.00 LOAN PURCHASE PRICE AMTS INCLUDED IN DISTRIBUTION 0.00 SECTION 7.09 (a)(x) WEIGHTED AVERAGE COUPON RATE 11.700000% 10.515700% SECTION 7.09 (a)(xii) WEIGHTED GROSS MARGIN OF THE HOME EQUITY LOANS IN GROUP II 5.999600% SECTION 7.09 (a)(xiii) LARGEST MORTGAGE LOAN BALANCE OUTSTANDING 545,402.56 495,457.65 SECTION 7.09 (a)(xiv) REMAINING PRE-FUNDED AMOUNT 0.00 0.00 SECTION 7.09 (b)(i) NUMBER AND AGGREGATE PRINCIPAL BALANCES OF DELINQUENT MORTGAGE LOANS:*
GROUP I --------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------- 30-59 DAYS 147 8,278,612.34 2.62% 60-89 DAYS 75 4,290,051.75 1.36% 90 + DAYS 287 18,721,781.07 5.93% ---------------------------------------------------------------------------
GROUP II --------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------- 30-59 DAYS 18 1,543,892.40 0.49% 60-89 DAYS 10 834,273.66 0.26% 90 + DAYS 27 2,440,854.46 0.77% ---------------------------------------------------------------------------
AGGREGATE --------------------------------------------------------------------------- CATEGORY COUNT AGG. PRIN. BAL. PERCENTAGE --------------------------------------------------------------------------- 30-59 DAYS 165 9,822,504.74 3.11% 60-89 DAYS 85 5,124,325.41 1.62% 90 + DAYS 314 21,162,635.53 6.70% ---------------------------------------------------------------------------
*The number and aggrgate principal balance of delinquent loans includes loans in foreclosure and bankruptcy 40 IMC HOME EQUITY LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-2
================================================================================================================================ PAGE # 4 DISTRIBUTION: 20-Jan-98 GROUP I GROUP II TOTAL ------- -------- ----- SECTION 7.09 (b)(ii) NUMBER OF LOANS IN FORECLOSURE 142 15 157 AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 10,432,497.44 873,668.51 11,306,165.95 NUMBER OF LOANS IN FORECLOSURE THAT WERE COMMENCED 30 4 34 IN THE PRIOR MONTH AGGREGATE PRINCIPAL BALANCE OF LOANS IN FORECLOSURE 2,267,395.33 251,724.04 2,519,119.37 THAT WERE COMMENCED IN THE PRIOR MONTH SECTION 7.09 (b)(iii) NUMBER OF LOANS IN BANKRUPTCY 95 10 105 AGGREGATE PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY 5 ,635,663.69 1,203,297.21 6,838,960.90 NUMBER OF LOANS THAT ARE "BALLOON" LOANS 2,126 0 2126 AGG PRIN BALANCE OF LOANS THAT ARE "BALLOON LOANS" 155,857,959.07 0.00 155,857,959.07 SECTION 7.09 (b)(iv) NUMBER OF REO PROPERTIES 27 2 29 AGGREGATE PRINCIPAL BALANCE OF REO PROPERTIES 1,395,469.50 331,773.83 1,727,243.33 SECTION 7.09 (b)(v) BOOK VALUE OF REO PROPERTY 1,561,500.00 346500.00 1,908,000.00 SECTION 7.09 (b)(vi) CUMULATIVE LOSS PERCENTAGE 0.03862881% 0.03007806% 0.03713243% CUMULATIVE REALIZED LOSSES 127,475.08 21,054.64 148,529.72 CURRENT PERIOD REALIZED LOSSES 39,159.06 0.00 39,159.06 ANNUAL LOSS PERCENTAGE 0.03862881% 0.03007806% 0.03713243% SECTION 7.09 (b)(vii) 90 + DELINQUENCY PERCENTAGE 5.30982948% 3.86313519% 7.24972093%
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