-----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, JDwBOElgzsckUBbKUU9WiajreYXbhZE1UVrBueuoZpo15x62OA2JPynFkMjUP0Dp uMud3/rB3bYl0J9mNgjzUA== 0001056404-04-001409.txt : 20040408 0001056404-04-001409.hdr.sgml : 20040408 20040408153203 ACCESSION NUMBER: 0001056404-04-001409 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040325 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMPAC CMB TRUST SERIES 2004-2 CENTRAL INDEX KEY: 0001281900 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-109503-04 FILM NUMBER: 04724875 BUSINESS ADDRESS: STREET 1: 1401 DOVE STREET STREET 2: SUITE 200 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 MAIL ADDRESS: STREET 1: 1401 DOVE STREET STREET 2: STE 200 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 8-K 1 imh04002.txt MARCH 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 25, 2004 IMPAC CMB TRUST Collateralized Asset-Backed Bonds, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-109503-04 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On March 25, 2004 a distribution was made to holders of IMPAC CMB TRUST, Collateralized Asset-Backed Bonds, Series 2004-2 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Collateralized Asset-Backed Bonds, Series 2004-2 Trust, relating to the March 25, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IMPAC CMB TRUST Collateralized Asset-Backed Bonds, Series 2004-2 Trust By: Wells Fargo Bank, N.A. as Indenture Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 4/6/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Collateralized Asset-Backed Bonds, Series 2004-2 Trust, relating to the March 25, 2004 distribution. EX-99.1
Impac CMB Trust Collateralized Asset-Backed Bonds Record Date: 2/29/2004 Distribution Date: 3/25/2004 IMH Series: 2004-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 45254NGW1 SEN 1.35000% 714,000,000.00 749,700.00 1,377,398.29 A-2 45254NGX9 SEN 1.34000% 130,000,000.00 135,488.89 250,786.80 A-3 45254NGY7 SEN 1.40000% 25,000,000.00 27,222.22 48,228.23 M-1 45254NGZ4 MEZ 1.57000% 46,500,000.00 56,781.67 89,704.51 M-2 45254NHA8 MEZ 1.64000% 20,500,000.00 26,148.89 39,547.15 M-3 45254NHB6 MEZ 2.04000% 23,000,000.00 36,493.33 44,369.97 M-4 45254NHC4 MEZ 2.19000% 27,500,000.00 46,841.67 53,051.05 M-5 45254NHD2 MEZ 2.29000% 13,500,000.00 24,045.00 26,043.25 CERTS IMPACC042CE SUB 0.00000% 0.00 2,895,103.60 0.00 Totals 1,000,000,000.00 3,997,825.27 1,929,129.25
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 712,622,601.71 2,127,098.29 0.00 A-2 0.00 129,749,213.20 386,275.69 0.00 A-3 0.00 24,951,771.77 75,450.45 0.00 M-1 0.00 46,410,295.49 146,486.18 0.00 M-2 0.00 20,460,452.85 65,696.04 0.00 M-3 0.00 22,955,630.03 80,863.30 0.00 M-4 0.00 27,446,948.95 99,892.72 0.00 M-5 0.00 13,473,956.75 50,088.25 0.00 CERTS 0.00 0.00 2,895,103.60 0.00 Totals 0.00 998,070,870.75 5,926,954.52 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 714,000,000.00 714,000,000.00 0.00 1,377,398.29 0.00 0.00 A-2 130,000,000.00 130,000,000.00 0.00 250,786.80 0.00 0.00 A-3 25,000,000.00 25,000,000.00 0.00 48,228.23 0.00 0.00 M-1 46,500,000.00 46,500,000.00 0.00 89,704.51 0.00 0.00 M-2 20,500,000.00 20,500,000.00 0.00 39,547.15 0.00 0.00 M-3 23,000,000.00 23,000,000.00 0.00 44,369.97 0.00 0.00 M-4 27,500,000.00 27,500,000.00 0.00 53,051.05 0.00 0.00 M-5 13,500,000.00 13,500,000.00 0.00 26,043.25 0.00 0.00 CERTS 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 1,000,000,000.00 0.00 1,929,129.25 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 1,377,398.29 712,622,601.71 0.99807087 1,377,398.29 A-2 250,786.80 129,749,213.20 0.99807087 250,786.80 A-3 48,228.23 24,951,771.77 0.99807087 48,228.23 M-1 89,704.51 46,410,295.49 0.99807087 89,704.51 M-2 39,547.15 20,460,452.85 0.99807087 39,547.15 M-3 44,369.97 22,955,630.03 0.99807087 44,369.97 M-4 53,051.05 27,446,948.95 0.99807087 53,051.05 M-5 26,043.25 13,473,956.75 0.99807087 26,043.25 CERTS 0.00 0.00 0.00000000 0.00 Totals 1,929,129.25 998,070,870.75 0.99807087 1,929,129.25
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 714,000,000.00 1000.00000000 0.00000000 1.92912926 0.00000000 A-2 130,000,000.00 1000.00000000 0.00000000 1.92912923 0.00000000 A-3 25,000,000.00 1000.00000000 0.00000000 1.92912920 0.00000000 M-1 46,500,000.00 1000.00000000 0.00000000 1.92912925 0.00000000 M-2 20,500,000.00 1000.00000000 0.00000000 1.92912927 0.00000000 M-3 23,000,000.00 1000.00000000 0.00000000 1.92912913 0.00000000 M-4 27,500,000.00 1000.00000000 0.00000000 1.92912909 0.00000000 M-5 13,500,000.00 1000.00000000 0.00000000 1.92912963 0.00000000 CERTS 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 Denomination
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 1.92912926 998.07087074 0.99807087 1.92912926 A-2 0.00000000 1.92912923 998.07087077 0.99807087 1.92912923 A-3 0.00000000 1.92912920 998.07087080 0.99807087 1.92912920 M-1 0.00000000 1.92912925 998.07087075 0.99807087 1.92912925 M-2 0.00000000 1.92912927 998.07087073 0.99807087 1.92912927 M-3 0.00000000 1.92912913 998.07087087 0.99807087 1.92912913 M-4 0.00000000 1.92912909 998.07087091 0.99807087 1.92912909 M-5 0.00000000 1.92912963 998.07087037 0.99807087 1.92912963 CERTS 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 714,000,000.00 1.35000% 714,000,000.00 749,700.00 0.00 0.00 A-2 130,000,000.00 1.34000% 130,000,000.00 135,488.89 0.00 0.00 A-3 25,000,000.00 1.40000% 25,000,000.00 27,222.22 0.00 0.00 M-1 46,500,000.00 1.57000% 46,500,000.00 56,781.67 0.00 0.00 M-2 20,500,000.00 1.64000% 20,500,000.00 26,148.89 0.00 0.00 M-3 23,000,000.00 2.04000% 23,000,000.00 36,493.33 0.00 0.00 M-4 27,500,000.00 2.19000% 27,500,000.00 46,841.67 0.00 0.00 M-5 13,500,000.00 2.29000% 13,500,000.00 24,045.00 0.00 0.00 CERTS 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 1,102,721.67 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 749,700.00 0.00 712,622,601.71 A-2 0.00 0.00 135,488.89 0.00 129,749,213.20 A-3 0.00 0.00 27,222.22 0.00 24,951,771.77 M-1 0.00 0.00 56,781.67 0.00 46,410,295.49 M-2 0.00 0.00 26,148.89 0.00 20,460,452.85 M-3 0.00 0.00 36,493.33 0.00 22,955,630.03 M-4 0.00 0.00 46,841.67 0.00 27,446,948.95 M-5 0.00 0.00 24,045.00 0.00 13,473,956.75 CERTS 0.00 0.00 2,895,103.60 0.00 0.00 Totals 0.00 0.00 3,997,825.27 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 714,000,000.00 1.35000% 1000.00000000 1.05000000 0.00000000 0.00000000 A-2 130,000,000.00 1.34000% 1000.00000000 1.04222223 0.00000000 0.00000000 A-3 25,000,000.00 1.40000% 1000.00000000 1.08888880 0.00000000 0.00000000 M-1 46,500,000.00 1.57000% 1000.00000000 1.22111118 0.00000000 0.00000000 M-2 20,500,000.00 1.64000% 1000.00000000 1.27555561 0.00000000 0.00000000 M-3 23,000,000.00 2.04000% 1000.00000000 1.58666652 0.00000000 0.00000000 M-4 27,500,000.00 2.19000% 1000.00000000 1.70333345 0.00000000 0.00000000 M-5 13,500,000.00 2.29000% 1000.00000000 1.78111111 0.00000000 0.00000000 CERTS 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 Denomination
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 1.05000000 0.00000000 998.07087074 A-2 0.00000000 0.00000000 1.04222223 0.00000000 998.07087077 A-3 0.00000000 0.00000000 1.08888880 0.00000000 998.07087080 M-1 0.00000000 0.00000000 1.22111118 0.00000000 998.07087075 M-2 0.00000000 0.00000000 1.27555561 0.00000000 998.07087073 M-3 0.00000000 0.00000000 1.58666652 0.00000000 998.07087087 M-4 0.00000000 0.00000000 1.70333345 0.00000000 998.07087091 M-5 0.00000000 0.00000000 1.78111111 0.00000000 998.07087037 CERTS 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 6,317,412.64 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 6,317,412.64 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 390,458.12 Payment of Interest and Principal 5,926,954.52 Total Withdrawals (Pool Distribution Amount) 6,317,412.64 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 312,826.38 LPMI Fee 49,131.62 Master Servicing Fee 25,000.12 Owner Trustee Fee 1,416.68 Wells Fargo Bank, NA 2,083.32 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 390,458.12
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.649878% Weighted Average Net Coupon 5.274487% Weighted Average Pass-Through Rate 5.181398% Weighted Average Maturity(Stepdown Calculation ) 358 Beginning Scheduled Collateral Loan Count 3,791 Number Of Loans Paid In Full 4 Ending Scheduled Collateral Loan Count 3,787 Beginning Scheduled Collateral Balance 1,000,000,000.00 Ending Scheduled Collateral Balance 998,070,870.74 Ending Actual Collateral Balance at 29-Feb-2004 998,070,870.74 Monthly P &I Constant 5,041,879.52 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 998,070,870.74 Scheduled Principal 333,647.58 Unscheduled Principal 1,595,481.68
Miscellaneous Reporting Overcollateralization Target Amount 0.00 Overcollateralized Amount 0.00 Overcollateralization Release Amount 0.00 Net Monthly Excess Cash 2,895,103.60 Overcollateralization Increase Amount 0.00 Net Derivative Contract Payment Amount 320,006.32
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