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): ~~April~~May 2527, 2003 IMPAC CMB TRUSR SERIES. (as Company under a Series 2003-2F Indenture, dated as of January 30,2003 providing for, inter alia, the issuance of Collateralized Asset Backed Bonds, Series 2003-2F). IMH ASSETS CORP IMPAC CMB TRUST SERIES 2003-2F (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-83600-06 33-0705301 (Commission File Number) (I.R.S. Employer Identification No.) 1401 DOVE STREET NEWPORT BEACH, CALIFORNIA 92660 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (949) 475-3600 Item 5. Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 7. Financial Statement and Exhibits Exhibits: (as noted in Item 5 above) Monthly Remittance Statement to the Certificateholders dated as of ~~April~~May 2527, 2003.. SIGNATURE 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. Deutsche Bank National Trust Company, not in its individual capacity, but solely as a duly authorized agent of the Registrant pursuant to the Indenture, dated as of January 30,2003. Date: ~~May~~Jun 0102, 2003 By: /s/ David Co David Co Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~April~~May 2527, 2003.

	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	April 25, 2003 Distribution
	May 27, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				12
			8.	Prepayment Report				13
			9.	Prepayment Detail Report				16
			10.	Realized Loss Report				17
			11.	Realized Loss Detail Report				20
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				21
				Total Number of Pages				21
			CONTACTS
				Administrator: James Noriega
				Direct Phone Number: (714)247-6281
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		IMPAC Mortgage Holdings Inc.					Cut-Off Date: January 1, 2003
	Certificate Insurer(s):							Closing Date: January 30, 2003
								First Payment Date: February 25, 2003
	Servicer(s):		Impac Funding Corporation Master Servicer
								Distribution Date: April 25, 2003
								Distribution Date: May 27, 2003
	Underwriter(s):		Bear, Stearns & Co. Inc Lead Underwriter					Record Date: ~~March~~April 3130, 2003
						Page 1 of 21					© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	STEP	235,583,000.00			~~235~~234,~~227~~177,~~790~~492.1449	~~927~~923,~~023~~050.7048	1957,~~050,297~~441.6509	1,~~977~~880,~~321~~491.3557	-	-	~~234~~233,~~177~~220,~~492~~051.4940
A-IO	IO,NTL	-			-	165,~~410~~439.4114	-	165,~~410~~439.4114	-	-	-
M-1	MEZ,STEP	11,912,000.00			11,~~894~~840,~~039~~932.2003	5352,~~225~~988.8317	5348,~~107~~411.1797	~~106~~101,~~333~~400.0014	-	-	11,~~840~~792,~~932~~520.0306
M-2	MEZ,STEP	10,588,000.00			10,~~572~~524,~~035~~831.5112	4948,~~071~~852.8676	4743,~~204~~031.3906	9691,~~276~~883.2582	-	-	10,~~524~~481,~~831~~800.1206
B	SUB,STEP	5,294,000.00			5,~~286~~262,~~017~~415.7657	26,~~430~~312.0908	2321,~~602~~515.1953	5047,~~032~~827.2861	-	-	5,~~262~~240,~~415~~900.5704
Cert	R	-			-	~~172~~173,~~329~~809.2794	-	~~172~~173,~~329~~809.2794	-	-	-
Total		263,377,000.00			~~262~~261,~~979~~805,~~882~~671.6121	1,~~393~~390,~~491~~452.1657	1,~~174~~070,~~211~~399.4065	2,~~567~~460,~~702~~852.5622	-	-	~~261~~260,~~805~~735,~~671~~271.2156
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
A-1	0304/01/03	0304/25/03		F-30/360	45254NDQ7	235,583,000.00	~~998~~994.~~492209~~033918	3.~~935020~~918154	4.~~458291~~064135	87.~~393311~~982289	~~994~~989.~~033918~~969783
A-IO	0304/01/03	0304/25/03		F-30/360	45254NDR5	33,088,000.00	1,000.000000	4.~~999106~~999974	-	4.~~999106~~999974	1,000.000000
M-1	0304/01/03	0304/25/03		F-30/360	45254NDS3	11,912,000.00	~~998~~994.~~492210~~033918	4.~~468253~~448302	4.~~458292~~064134	8.~~926545~~512436	~~994~~989.~~033918~~969783
M-2	0304/01/03	0304/25/03		F-30/360	45254NDT1	10,588,000.00	~~998~~994.~~492209~~033918	4.~~634668~~613974	4.~~458291~~064135	98.~~092959~~678109	~~994~~989.~~033918~~969783
B	0304/01/03	0304/25/03		F-30/360	45254NDU8	5,294,000.00	~~998~~994.~~492210~~033920	4.~~992461~~970170	4.~~458291~~064135	9.~~450752~~034305	~~994~~989.~~033920~~969785
Cert	0304/01/03	0304/25/03		F-30/360		-	-	-	-	-	-
							Page 2 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	235,583,000.00		23,~~784~~707,~~173~~223.4189		~~858~~1,~~045~~539,972.5195	~~547~~822,~~462~~975.0065	12,~~405~~362,~~507~~948.5160	46,~~189~~070,~~680~~172.9249	-	-	~~234~~233,~~177~~220,~~492~~051.4940
A-IO	-		~~496~~661,~~124~~563.2135		-	-	-	~~496~~661,~~124~~563.2135	-	-	-
M-1	11,912,000.00		~~159~~212,~~828~~816.6986		4377,~~386~~867.1406	2741,~~681~~612.8388	71119,~~067~~479.9794	~~230~~332,~~896~~296.6680	-	-	11,~~840~~792,~~932~~520.0306
M-2	10,588,000.00		~~147~~196,~~355~~207.0076		3869,~~563~~212.8527	2436,~~605~~987.0367	63106,~~168~~199.8894	~~210~~302,~~523~~407.8870	-	-	10,~~524~~481,~~831~~800.1206
B	5,294,000.00		79105,~~365~~677.3543		1934,~~281~~606.9113	1218,~~302~~493.5283	3153,~~584~~099.4396	~~110~~158,~~949~~777.7839	-	-	5,~~262~~240,~~415~~900.5704
Cert	-		~~490~~663,~~098~~908.6155		-	-	-	~~490~~663,~~098~~908.6155	-	-	-
Total	263,377,000.00		45,~~156~~547,~~945~~397.2784		~~959~~1,~~277~~721,658.41	~~612~~920,~~051~~070.3803	12,~~571~~641,~~328~~728.7944	58,~~728~~189,~~274~~126.0628	-	-	~~261~~260,~~805~~735,~~671~~271.2156
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	4.73000%	~~235~~234,~~227~~177,~~790~~492.1449			~~927~~923,~~189~~049.5462	-	-165.84	-	~~927~~923,~~053~~050.2948	~~927~~923,~~023~~050.7048	~~165~~(0.8492)
A-IO	6.00000%	33,088,000.00			165,440.00	-	-29.59	-	165,~~576~~439.2514	165,~~410~~439.4114	29(0.5906)
M-1	5.37000%	11,~~894~~840,~~039~~932.2003			5352,~~225~~988.8317	-	-9.52	-	5352,~~225~~988.8317	5352,~~225~~988.8317	9(0.5206)
M-2	5.57000%	10,~~572~~524,~~035~~831.5112			4948,~~071~~852.8676	-	-8.78	-	4948,~~071~~852.8676	4948,~~071~~852.8676	8(0.7806)
B	6.00000%	5,~~286~~262,~~017~~415.7657			26,~~430~~312.0908	-	-4.73	-	26,~~430~~312.0908	26,~~430~~312.0908	4(0.7303)
Cert		-			-	-	-	-	~~172~~173,~~329~~809.2794	~~172~~173,~~329~~809.2794	-
Total		~~296~~294,~~067~~893,~~882~~671.6121			1,~~221~~216,~~357~~642.3263	-	-218.45	-	1,~~393~~390,~~686~~452.5957	1,~~393~~390,~~491~~452.1657	~~218~~(1.4513)
							Page 3 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
SUMMARY								TOTAL
	Principal Collections							1,~~174~~070,~~211~~399.4065
	Principal Withdrawals							0.00
	Principal Other Accounts							0.00
	TOTAL PRINCIPAL							1,~~174~~070,~~211~~399.4065
	Interest Collections							1,~~462~~457,~~185~~242.3763
	Interest Withdrawals							0.00
	Interest Other Accounts							0.00
	Interest Fees							(6866,~~694~~790.2106)
	TOTAL INTEREST							1,~~393~~390,~~491~~452.1657
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS							2,~~567~~460,~~702~~852.5622
PRINCIPAL - COLLECTIONS								TOTAL
	Scheduled Principal							~~306~~308,~~640~~018.5565
	Curtailments							40,~~796~~695.0591
	Prepayments in Full							~~826~~721,~~774~~685.8009
	Repurchases/Substitutions							0.00
	Liquidations							0.00
	Insurance Principal							0.00
	Other Additional Principal							0.00
	Delinquent Principal							(514,~~896~~738.1805)
	Realized Losses							0.00
	Substitution Adjustments- Principal							0.00
	Termination Price Amounts- Principal							0.00
	Additional Principal Amts							0.00
	Principal Advanced							514,~~896~~738.1805
	TOTAL PRINCIPAL							1,~~174~~070,~~211~~399.4065
				Page 4 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS								TOTAL
	Scheduled Interest							1,~~464~~456,~~008~~927.2279
	Repurchases/Substitutions							0.00
	Liquidations							0.00
	Insurance Interest							0.00
	Other Additional Interest							0.00
	Prepayment Interest Shortfalls							0.00
	Relief Act Interest Shortfalls							(218.4523)
	Delinquent Interest							(4080,~~897~~899.4867)
	Interest Realized Losses							0.00
	Compensating Interest							0.00
	Substitution Adjustments- Interest							0.00
	Termination Price Amounts- Interest							0.00
	Additional Interest Amts							0.00
	Interest Prepayment Premiums							03,753.0008
	Interest Advanced							3977,~~293~~679.0866
	Cap Contract Payment Amt							0.00
	TOTAL INTEREST							1,~~462~~457,~~185~~242.3763
				Page 5 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS								TOTAL
	Prev. Unreimbursed PMI Premiums							0.00
	Prev. Unreimbursed Spec Haz Premiums							0.00
	Prev. Unreimbursed Liq. Expenses							0.00
	Prev. Unreimbursed Master/Sub-Servicing Fees							0.00
	Amt Rvcd Not Due Bondholder /Deposits in Error							0.00
	Prev. Unreimb. P&I Advances/Non Recov Advances							0.00
	Prev. Unreimbursed Servicing Advances							0.00
	Clear and Terminate Collection Account							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - FEES								TOTAL
	Owner Trustee Fee							~~374~~372.4377
	Indenture Trustee Fee							1,~~927~~918.2165
	Bond Insurance Premium Amount							0.00
	Radian PMI Insurance Premiums							6,~~326~~321.1885
	Current Servicing Fees							6058,~~066~~176.3979
	TOTAL INTEREST FEES							6866,~~694~~790.2106
				Page 6 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Credit Enhancement Report for April 25, 2003 Distribution
	Credit Enhancement Report for May 27, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
INSURANCE								TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES								TOTAL
	Current Periods Overcollateralization Target Amt							1,323,501.00
	Current Periods Overcollateralization Amt							1,323,501.00
	Current Periods Extra Principal Distribution							0.00
	Current Periods Principal Available Funds Shortfall							0.00
	Current Periods Net Monthly Excess Cashflow							~~172~~173,~~352~~808.2981
	Current Periods Overcollateralization Increase							0.00
	Current Periods Overcollateralization Release							0.00
	60 Day Rolling Delinquency Amount							077,869.0085
	90 Day Rolling Delinquency Amount							0.00
	60 Day Delinquency Percentage							0.~~0000~~0891%
	90 Day Delinquency Percentage							0.0000%
				Page 7 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Collateral Report for April 25, 2003 Distribution
	Collateral Report for May 27, 2003 Distribution
	Collateral Report
COLLATERAL								TOTAL
	Loan Count:
	Original							1223
	Prior							1,~~222~~218
	Prefunding							-
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(4)
	Repurchases							-
	Liquidations							-
	Current							1,~~218~~214
	Principal Balance:
	Original							265,000,063.42
	Prior							~~264~~263,~~303~~129,~~383~~172.6121
	Prefunding							-
	Scheduled Principal							(~~306~~308,~~640~~018.5565)
	Partial and Full Voluntary Prepayments							(~~867~~762,~~570~~381.8500)
	Repurchases							-
	Liquidations							-
	Current							~~263~~262,~~129~~058,~~172~~772.2156
PREFUNDING								TOTAL
SPACE INTENTIONALLY LEFT BLANK
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Collateral Report for April 25, 2003 Distribution
	Collateral Report for May 27, 2003 Distribution
	Collateral Report
CHARACTERISTICS								TOTAL
	Weighted Average Coupon Original							5.085810%
	Weighted Average Coupon Prior							6.~~645499~~646944%
	Weighted Average Coupon Current							6.~~646944~~644316%
	Weighted Average Months to Maturity Original							338
	Weighted Average Months to Maturity Prior							~~337~~336
	Weighted Average Months to Maturity Current							~~336~~335
	Weighted Avg Remaining Amortization Term Original							340
	Weighted Avg Remaining Amortization Term Prior							~~338~~337
	Weighted Avg Remaining Amortization Term Current							~~337~~336
	Weighted Average Seasoning Original							0.84
	Weighted Average Seasoning Prior							12.84
	Weighted Average Seasoning Current							23.84
Note: Original information refers to deal issue.
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Collateral Report for April 25, 2003 Distribution
	Collateral Report for May 27, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS								TOTAL
	Weighted Average Margin Original							0.000%
	Weighted Average Margin Prior							0.000%
	Weighted Average Margin Current							0.000%
	Weighted Average Max Rate Original							0.000%
	Weighted Average Max Rate Prior							0.000%
	Weighted Average Max Rate Current							0.000%
	Weighted Average Min Rate Original							0.000%
	Weighted Average Min Rate Prior							0.000%
	Weighted Average Min Rate Current							0.000%
	Weighted Average Cap Up Original							0.000%
	Weighted Average Cap Up Prior							0.000%
	Weighted Average Cap Up Current							0.000%
	Weighted Average Cap Down Original							0.000%
	Weighted Average Cap Down Prior							0.000%
	Weighted Average Cap Down Current							0.000%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES								TOTAL
	Current Servicing Fees							6058,~~066~~176.3979
	Delinquent Servicing Fees							13,~~604~~220.4002
	TOTAL SERVICING FEES							61,~~670~~396.7981
	Total Servicing Fees							61,~~670~~396.7981
	Compensating Interest							0.00
	Delinquent Servicing Fees							(13,~~604~~220.4002)
	COLLECTED SERVICING FEES							6058,~~066~~176.3979
	Current PPIS							0.00
	Current Net PPIS							0.00
	Total Advanced Principal For Current Payment Date							514,~~896~~738.1805
	Total Advanced Interest For Current Payment Date							3977,~~293~~679.0866
	TOTAL ADVANCES FOR CURRENT PERIOD							4592,~~189~~417.2671
ADDITIONAL COLLATERAL INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK
				Page 10 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Delinquency Report for April 25, 2003 Distribution
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~513~~1,~~156~~716,703.3687	-233,609.55	-	~~513~~1,~~156~~950,313.3642
		% Balance			0.2066%	0.0009%	0.00%	0.2074%
		# Loans			38	-2	-	310
		% # Loans			0.2566%	0.0016%	0.00%	0.2582%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	~~513~~1,~~156~~716,703.3687	-233,609.55	-	~~513~~1,~~156~~950,313.3642
		% Balance		0.00%	0.2066%	0.0009%	0.00%	0.2074%
		# Loans		-	38	-2	-	310
		% # Loans		0.00%	0.2566%	0.0016%	0.00%	0.2582%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 11 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	REO Report for April 25, 2003 Distribution
	REO Report for May 27, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Fixed Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 12 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Prepayment Report for April 25, 2003 Distribution
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS								TOTAL
	Current
	Number of Paid in Full Loans							4
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							4
	Paid in Full Balance							~~826~~721,~~774~~685.8009
	Repurchased Loans Balance							-
	Curtailments Amount							40,~~796~~695.0591
	Total Prepayment Amount							~~867~~762,~~570~~381.8500
	Cumulative
	Number of Paid in Full Loans							59
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							59
	Paid in Full Balance							~~914~~1,~~294~~635,980.9706
	Repurchased Loans Balance							-
	Curtailments Amount							99140,~~474~~170.5748
	Total Prepayment Amount							1,~~013~~776,~~769~~150.54
	Current Prin Balance of Repurchases Per Sec 3.18							0.00
	Cumulative Prin Balance of Repurchases Per Sec 3.18							0.00
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 13 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Prepayment Report for April 25, 2003 Distribution
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES								TOTAL
	SMM							0.3329%
	3 Months Avg SMM							0.1322%
	12 Months Avg SMM
	Avg SMM Since Cut-off							0.1317%
	CPR							3.8743%
	3 Months Avg CPR							12.5364%
	12 Months Avg CPR
	Avg CPR Since Cut-off							12.5300%
	PSA							~~682~~446.3019%
	3 Months Avg PSA Approximation							~~414~~464.1094%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							~~414~~427.1099%
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 14 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Prepayment Report for April 25, 2003 Distribution
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
				Page 15 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Prepayment Detail Report for April 25, 2003 Distribution
	Prepayment Detail Report for May 27, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 4						Loan Group 1 = Fixed Group
Total Original Principal Balance = 829,830.00
Total Original Principal Balance = 723,450.00
Total Prepayment Amount = 826,774.80
Total Prepayment Amount = 721,685.09
Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date
1100361225 1			106,380.00	106,168.19	Mar-27-03	9.500%	FL - 90.00%	Paid Off - 360	Dec-31-02
1100364896 1			121,500.00	121,065.67	Apr-18-03	7.750%	OR - 90.00%	Paid Off - 360	Jan-02-03
1100363382 1			517,500.00	515,040.90	Mar-25-03	7.250%	MI - 75.00%	Paid Off - 360	Oct-11-02
1100368920 1			262,200.00	261,466.65	Apr-17-03	8.625%	MA - 95.00%	Paid Off - 360	Jan-06-03
1103009552 1			91,800.00	91,594.33	Mar-24-03	7.500%	CA - 90.00%	Paid Off - 360	Jan-10-03
1103009012 1			94,500.00	94,258.90	Apr-16-03	8.375%	CA - 90.00%	Paid Off - 360	Jan-06-03
2500022927 1			114,150.00	113,971.38	Mar-12-03	7.250%	NV - 89.98%	Paid Off - 360	Dec-30-02
2500023249 1			245,250.00	244,893.87	Apr-21-03	7.625%	FL - 90.00%	Paid Off - 360	Jan-17-03
					Page 16 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES								TOTAL
	Current
	Number of Loans Liquidated							-
	Collateral Realized Loss/(Gain) Amount							-
	Net Liquidation Proceeds							-
	Cumulative
	Number of Loans Liquidated							-
	Collateral Realized Loss/(Gain) Amount							-
	Net Liquidation Proceeds							-
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Cumulative Loss For Related Payment Date							0.0000%
	Cumulative Loss Percentage For Related Payment Date							0.0000%
							3 Months Moving Average
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 17 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS								TOTAL
	MDR							0.00%
	3 Months Avg MDR							0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off							0.00%
	CDR							0.00%
	3 Months Avg CDR							0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off							0.00%
	SDA							0.00%
	3 Months Avg SDA Approximation							0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation							0.00%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 18 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
				Page 19 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Realized Loss Detail Report for April 25, 2003 Distribution
	Realized Loss Detail Report for May 27, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Fixed Group
Total Original Principal Balance = 0.00
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
					Page 20 of 21				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-2F
	Collateralized Asset-Backed Bonds
	Series 2003-2F
	Triggers, Adj. Rate Cert. and Miscellaneous Report for April 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for May 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADJUSTABLE RATE CERTIFICATE INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION								TOTAL
	Current Net Mortgage Rate							6.~~3278~~3250%
				Page 21 of 21				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · IMH ASSETS CORP IMPAC CMB TRUST SERIES 2003-2F