-----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, DOCzAb6FHg5pci5U147QziPMYCqxzmtMK4NithwGzdXvnAF+X1TMN/ikOwIMOqEg xC8RqFRrcMRkMLJPMxekbw== 0001056404-04-003227.txt : 20041001 0001056404-04-003227.hdr.sgml : 20041001 20041001101306 ACCESSION NUMBER: 0001056404-04-003227 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040925 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041001 DATE AS OF CHANGE: 20041001 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: 041056805 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_sep.txt SEPTEMBER 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): September 27, 2004 IMPAC CMB TRUST SERIES 2004-2 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 27, 2004 a distribution was made to holders of IMPAC CMB TRUST SERIES 2004-2, Collateralized Asset-Backed Bonds, Series 2004-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Collateralized Asset-Backed Bonds, Series 2004-2 Trust, relating to the September 27, 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 SERIES 2004-2 Collateralized Asset-Backed Bonds, Series 2004-2 Trust (Registrant) 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: 9/29/2004 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 September 27, 2004 distribution. EX-99.1
Impac Assets Corp. Mortgage Pass-Through Certificates Record Date: 8/31/2004 Distribution Date: 9/27/2004 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 1.87500% 639,913,163.46 1,099,850.77 21,533,532.56 A-2 45254NGX9 SEN 1.86500% 116,510,800.07 199,184.93 3,920,671.20 A-3 45254NGY7 SEN 1.92500% 22,405,923.09 39,537.12 753,975.23 M-1 45254NGZ4 MEZ 2.09500% 41,675,016.95 80,033.40 1,402,393.93 M-2 45254NHA8 MEZ 2.16500% 18,372,856.93 36,462.47 618,259.69 M-3 45254NHB6 MEZ 2.56500% 20,613,449.24 48,467.37 693,657.21 M-4 45254NHC4 MEZ 2.71500% 24,646,515.40 61,339.02 829,372.75 M-5 45254NHD2 MEZ 2.81500% 12,099,198.47 31,220.97 407,146.62 CERTS IMPACC042CE SUB 0.00000% 0.00 0.00 0.00 Totals 896,236,923.61 1,596,096.05 30,159,009.19
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 618,379,630.89 22,633,383.33 0.00 A-2 0.00 112,590,128.87 4,119,856.13 0.00 A-3 0.00 21,651,947.86 793,512.35 0.00 M-1 0.00 40,272,623.02 1,482,427.33 0.00 M-2 0.00 17,754,597.25 654,722.16 0.00 M-3 0.00 19,919,792.03 742,124.58 0.00 M-4 0.00 23,817,142.65 890,711.77 0.00 M-5 0.00 11,692,051.84 438,367.59 0.00 CERTS 0.00 0.00 0.00 0.00 Totals 0.00 866,077,914.41 31,755,105.24 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-1 714,000,000.00 639,913,163.46 0.00 21,533,532.56 0.00 0.00 A-2 130,000,000.00 116,510,800.07 0.00 3,920,671.20 0.00 0.00 A-3 25,000,000.00 22,405,923.09 0.00 753,975.23 0.00 0.00 M-1 46,500,000.00 41,675,016.95 0.00 1,402,393.93 0.00 0.00 M-2 20,500,000.00 18,372,856.93 0.00 618,259.69 0.00 0.00 M-3 23,000,000.00 20,613,449.24 0.00 693,657.21 0.00 0.00 M-4 27,500,000.00 24,646,515.40 0.00 829,372.75 0.00 0.00 M-5 13,500,000.00 12,099,198.47 0.00 407,146.62 0.00 0.00 CERTS 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 896,236,923.61 0.00 30,159,009.19 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 21,533,532.56 618,379,630.89 0.86607791 21,533,532.56 A-2 3,920,671.20 112,590,128.87 0.86607791 3,920,671.20 A-3 753,975.23 21,651,947.86 0.86607791 753,975.23 M-1 1,402,393.93 40,272,623.02 0.86607791 1,402,393.93 M-2 618,259.69 17,754,597.25 0.86607791 618,259.69 M-3 693,657.21 19,919,792.03 0.86607791 693,657.21 M-4 829,372.75 23,817,142.65 0.86607791 829,372.75 M-5 407,146.62 11,692,051.84 0.86607791 407,146.62 CERTS 0.00 0.00 0.00000000 0.00 Totals 30,159,009.19 866,077,914.41 0.86607791 30,159,009.19
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 714,000,000.00 896.23692361 0.00000000 30.15900919 0.00000000 A-2 130,000,000.00 896.23692362 0.00000000 30.15900923 0.00000000 A-3 25,000,000.00 896.23692360 0.00000000 30.15900920 0.00000000 M-1 46,500,000.00 896.23692366 0.00000000 30.15900925 0.00000000 M-2 20,500,000.00 896.23692341 0.00000000 30.15900927 0.00000000 M-3 23,000,000.00 896.23692348 0.00000000 30.15900913 0.00000000 M-4 27,500,000.00 896.23692364 0.00000000 30.15900909 0.00000000 M-5 13,500,000.00 896.23692370 0.00000000 30.15900889 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 30.15900919 866.07791441 0.86607791 30.15900919 A-2 0.00000000 30.15900923 866.07791438 0.86607791 30.15900923 A-3 0.00000000 30.15900920 866.07791440 0.86607791 30.15900920 M-1 0.00000000 30.15900925 866.07791441 0.86607791 30.15900925 M-2 0.00000000 30.15900927 866.07791463 0.86607791 30.15900927 M-3 0.00000000 30.15900913 866.07791435 0.86607791 30.15900913 M-4 0.00000000 30.15900909 866.07791455 0.86607791 30.15900909 M-5 0.00000000 30.15900889 866.07791407 0.86607791 30.15900889 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 1.87500% 639,913,163.46 1,099,850.75 0.00 0.00 A-2 130,000,000.00 1.86500% 116,510,800.07 199,184.92 0.00 0.00 A-3 25,000,000.00 1.92500% 22,405,923.09 39,537.12 0.00 0.00 M-1 46,500,000.00 2.09500% 41,675,016.95 80,033.40 0.00 0.00 M-2 20,500,000.00 2.16500% 18,372,856.93 36,462.47 0.00 0.00 M-3 23,000,000.00 2.56500% 20,613,449.24 48,467.37 0.00 0.00 M-4 27,500,000.00 2.71500% 24,646,515.40 61,339.02 0.00 0.00 M-5 13,500,000.00 2.81500% 12,099,198.47 31,220.97 0.00 0.00 CERTS 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 1,596,096.02 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 (0.02) 0.00 1,099,850.77 0.00 618,379,630.89 A-2 0.00 0.00 199,184.93 0.00 112,590,128.87 A-3 0.00 0.00 39,537.12 0.00 21,651,947.86 M-1 0.00 0.00 80,033.40 0.00 40,272,623.02 M-2 0.00 0.00 36,462.47 0.00 17,754,597.25 M-3 0.00 0.00 48,467.37 0.00 19,919,792.03 M-4 0.00 0.00 61,339.02 0.00 23,817,142.65 M-5 0.00 0.00 31,220.97 0.00 11,692,051.84 CERTS 0.00 0.00 0.00 0.00 0.00 Totals (0.02) 0.00 1,596,096.05 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 1.87500% 896.23692361 1.54040721 0.00000000 0.00000000 A-2 130,000,000.00 1.86500% 896.23692362 1.53219169 0.00000000 0.00000000 A-3 25,000,000.00 1.92500% 896.23692360 1.58148480 0.00000000 0.00000000 M-1 46,500,000.00 2.09500% 896.23692366 1.72114839 0.00000000 0.00000000 M-2 20,500,000.00 2.16500% 896.23692341 1.77865707 0.00000000 0.00000000 M-3 23,000,000.00 2.56500% 896.23692348 2.10727696 0.00000000 0.00000000 M-4 27,500,000.00 2.71500% 896.23692364 2.23050982 0.00000000 0.00000000 M-5 13,500,000.00 2.81500% 896.23692370 2.31266444 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 (0.00000003) 0.00000000 1.54040724 0.00000000 866.07791441 A-2 0.00000000 0.00000000 1.53219177 0.00000000 866.07791438 A-3 0.00000000 0.00000000 1.58148480 0.00000000 866.07791440 M-1 0.00000000 0.00000000 1.72114839 0.00000000 866.07791441 M-2 0.00000000 0.00000000 1.77865707 0.00000000 866.07791463 M-3 0.00000000 0.00000000 2.10727696 0.00000000 866.07791435 M-4 0.00000000 0.00000000 2.23050982 0.00000000 866.07791455 M-5 0.00000000 0.00000000 2.31266444 0.00000000 866.07791407 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 32,104,025.65 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 32,104,025.65 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 348,920.41 Payment of Interest and Principal 31,755,105.24 Total Withdrawals (Pool Distribution Amount) 32,104,025.65 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 280,401.86 LPMI Fee 42,975.77 Master Servicing Fee 22,405.98 Owner Trustee Fee 1,269.65 Wells Fargo Bank, NA 1,867.15 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 348,920.41
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 1 0 0 1 323,156.62 0.00 0.00 323,156.62 30 Days 9 0 0 0 9 2,046,876.95 0.00 0.00 0.00 2,046,876.95 60 Days 4 0 5 0 9 1,581,324.53 0.00 1,265,221.16 0.00 2,846,545.69 90 Days 1 1 5 0 7 238,492.97 132,800.00 978,950.23 0.00 1,350,243.20 120 Days 0 0 4 0 4 0.00 0.00 595,535.09 0.00 595,535.09 150 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 14 2 14 0 30 3,866,694.45 455,956.62 2,839,706.48 0.00 7,162,357.55 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 0.030003% 0.000000% 0.000000% 0.030003% 0.037242% 0.000000% 0.000000% 0.037242% 30 Days 0.270027% 0.000000% 0.000000% 0.000000% 0.270027% 0.235888% 0.000000% 0.000000% 0.000000% 0.235888% 60 Days 0.120012% 0.000000% 0.150015% 0.000000% 0.270027% 0.182237% 0.000000% 0.145808% 0.000000% 0.328045% 90 Days 0.030003% 0.030003% 0.150015% 0.000000% 0.210021% 0.027485% 0.015304% 0.112817% 0.000000% 0.155606% 120 Days 0.000000% 0.000000% 0.120012% 0.000000% 0.120012% 0.000000% 0.000000% 0.068631% 0.000000% 0.068631% 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 0.420042% 0.060006% 0.420042% 0.000000% 0.900090% 0.445610% 0.052546% 0.327257% 0.000000% 0.825412%
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 5.542543% Weighted Average Net Coupon 5.167104% Weighted Average Pass-Through Rate 5.075362% Weighted Average Maturity(Stepdown Calculation) 352 Beginning Scheduled Collateral Loan Count 3,430 Number Of Loans Paid In Full 97 Ending Scheduled Collateral Loan Count 3,333 Beginning Scheduled Collateral Balance 896,236,923.61 Ending Scheduled Collateral Balance 867,730,764.73 Ending Actual Collateral Balance at 31-Aug-2004 867,730,764.73 Monthly P &I Constant 4,545,398.41 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 867,730,764.73 Scheduled Principal 405,872.31 Unscheduled Principal 28,100,286.57
Gross Collateral Interest 4,139,526.10
Miscellaneous Reporting Overcollateralization Target Amount 5,000,002.09 Overcollateralized Amount 1,652,850.31 Overcollateralization Release Amount 0.00 Overcollateralization Increase Amount 1,652,850.31 Net Monthly Excess Cash 1,652,850.31 Net Derivative Contract Payment Amount 541,659.38
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