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): ~~November~~December 2526, 2003 IMPAC CMB TRUST SERIES 2003-10. (as Company under a Series 2003-10 Indenture, dated as of September 29,2003 providing for, inter alia, the issuance of Collateralized Asset Backed Bonds, Series 2003-10). IMH ASSETS CORP IMPAC CMB TRUST SERIES 2003 10 (Exact name of Registrant as specified in its Charter) California (State or Other Jurisdiction of Incorporation) 333-103591-07 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 ~~November~~December 2526, 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 September 29,2003. Date: ~~Nov~~Jan 2602, ~~2003~~2004 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~November~~December 2526, 2003.

	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	November 25, 2003 Distribution
	December 26, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				6
			4.	Credit Enhancement Report				9
			5.	Collateral Report				10
			6.	Delinquency Report				13
			7.	REO Report				16
			8.	Prepayment Report				17
			9.	Prepayment Detail Report				20
			10.	Realized Loss Report				22
			11.	Realized Loss Detail Report				25
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				26
				Total Number of Pages				26
			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: September 1, 2003
	Certificate Insurer(s):							Closing Date: September 29, 2003
								First Payment Date: October 27, 2003
	Servicer(s):		Impac Funding Corp. Master Servicer
			Impac Funding Corp. Sub-Servicer
			Countrywide Funding Corporation
								Distribution Date: November 25, 2003
								Distribution Date: December 26, 2003
	Underwriter(s):		Countrywide Securities Underwriter					Record Date: ~~November~~December 24, 2003
			Countrywide Securities					~~October~~November 3128, 2003
						Page 1 of 26					© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Certificate Payment Report for November 25, 2003 Distribution
	Certificate Payment Report for December 26, 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)
1-A-1	STEP. FLT,	685,100,000.00			~~682~~674,~~645~~343,~~099~~301.5490	~~808~~852,~~365~~880.5737	8,~~301~~029,~~797~~984.6416	98,~~110~~882,~~163~~864.2153	-	-	~~674~~666,~~343~~313,~~301~~317.9074
1-A-2	STEP. FLT,	75,000,000.00			7473,~~731~~822,~~254~~431.5124	8388,~~678~~281.2589	~~908~~879,~~823~~067.2701	~~992~~967,~~501~~348.5290	-	-	7372,~~822~~943,~~431~~364.2423
2-A	STEP, AFC	94,900,000.00			94,~~833~~401,~~135~~303.0144	~~324~~323,~~724~~245.4680	~~431~~820,~~831~~559.5732	~~756~~1,~~556~~143,805.0312	-	-	9493,~~401~~580,~~303~~744.4412
M-1	MEZ, STEP,	22,500,000.00			22,~~426~~172,~~566~~818.0056	2830,~~724~~334.6942	~~253~~256,~~747~~041.4485	~~282~~286,~~472~~376.1327	-	-	2221,~~172~~916,~~818~~776.5671
M-2	MEZ, STEP,	14,500,000.00			14,~~452~~289,~~675~~149.8774	1920,~~675~~779.7130	~~163~~165,~~526~~004.1375	~~183~~185,~~201~~784.8405	-	-	14,~~289~~124,~~149~~144.7499
M-3	MEZ, STEP,	35,500,000.00			3534,~~384~~983,~~137~~780.4740	5153,~~021~~885.96	~~400~~403,~~357~~977.0714	~~451~~457,~~379~~863.0310	-	-	34,~~983~~579,~~780~~803.4026
M-4	MEZ, STEP,	41,000,000.00			40,~~866~~403,~~186~~802.9371	7882,~~020~~413.3694	~~462~~466,~~384~~565.2215	~~540~~548,~~404~~979.5809	-	-	4039,~~403~~937,~~802~~237.7156
M-5	MEZ, STEP,	24,000,000.00			23,~~921~~651,~~670~~006.4046	5154,~~451~~352.5315	~~270~~273,~~663~~111.9431	~~322~~327,~~115~~463.4746	-	-	23,~~651~~377,~~006~~895.4615
M-6	MEZ, STEP,	7,500,000.00			7,~~475~~390,~~522~~939.0052	1617,~~981~~939.8971	8485,~~582~~347.4828	~~101~~103,~~564~~286.3799	-	-	7,~~390~~305,~~939~~592.5224
Cert	R	-			-	2,~~806~~674,~~038~~960.1811	-	2,~~806~~674,~~038~~960.1811	-	-	-
Total		1,000,000,000.00			~~996~~985,~~736~~458,~~247~~533.7397	4,~~268~~199,~~682~~073.6065	11,~~277~~379,~~713~~657.7697	15,~~546~~578,~~396~~731.3662	-	-	~~985~~974,~~458~~078,~~533~~876.9700
	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)
1-A-1	1011/2725/03	1112/2425/03		A-Act/360	45254NFP7	685,100,000.00	~~996~~984.~~416727~~299083	1.~~179923~~244899	1211.~~117644~~720894	1312.~~297567~~965793	~~984~~972.~~299083~~578190
1-A-2	1011/2725/03	1112/2425/03		A-Act/360	45254NFQ5	75,000,000.00	~~996~~984.~~416727~~299083	1.~~115710~~177092	1211.~~117644~~720893	1312.~~233354~~897985	~~984~~972.~~299083~~578190
2-A	1011/2725/03	1112/2425/03		A-30/360	45254NFR3	94,900,000.00	~~999~~994.~~295416~~745031	3.~~421754~~406173	48.~~550385~~646568	712.~~972139~~052741	~~994~~986.~~745031~~098463
M-1	1011/2725/03	1112/2425/03		A-Act/360	45254NFS1	22,500,000.00	~~996~~985.~~736267~~458603	1.~~276653~~348196	11.~~277664~~379638	12.~~554317~~727834	~~985~~974.~~458603~~078965
M-2	1011/2725/03	1112/2425/03		A-Act/360	45254NFT9	14,500,000.00	~~996~~985.~~736267~~458603	1.~~356946~~433055	11.~~277664~~379638	12.~~634610~~812693	~~985~~974.~~458603~~078965
M-3	1011/2725/03	1112/2425/03		A-Act/360	45254NFU6	35,500,000.00	~~996~~985.~~736267~~458603	1.~~437238~~517914	11.~~277664~~379638	12.~~714902~~897552	~~985~~974.~~458603~~078965
M-4	1011/2725/03	1112/2425/03		A-Act/360	45254NFV4	41,000,000.00	~~996~~985.~~736267~~458603	12.~~902936~~010096	11.~~277664~~379638	13.~~180600~~389734	~~985~~974.~~458603~~078965
M-5	1011/2725/03	1112/2425/03		A-Act/360	45254NFW2	24,000,000.00	~~996~~985.~~736267~~458603	2.~~143814~~264673	11.~~277664~~379638	13.~~421478~~644311	~~985~~974.~~458603~~078965
M-6	1011/2725/03	1112/2425/03		A-Act/360	45254NFX0	7,500,000.00	~~996~~985.~~736267~~458603	2.~~264252~~391961	11.~~277664~~379637	13.~~541916~~771599	~~985~~974.~~458603~~078965
Cert	1011/2725/03	1112/2425/03		A-Act/360		-	-	-	-	-	-
							Page 2 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Certificate Payment Report for November 25, 2003 Distribution
	Certificate Payment Report for December 26, 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)
1-A-1	685,100,000.00		12,~~591~~444,~~663~~543.2461		916,~~269~~642,~~979~~336.6977	12,~~486~~144,~~718~~345.4149	1018,~~756~~786,~~698~~682.1026	1221,~~348~~231,~~361~~225.3487	-	-	~~674~~666,~~343~~313,~~301~~317.9074
1-A-2	75,000,000.00		~~164~~253,~~761~~043.5847		1,~~014~~821,~~813~~887.1369	~~162~~234,~~755~~748.6308	12,~~177~~056,~~568~~635.7677	12,~~342~~309,~~330~~679.3424	-	-	7372,~~822~~943,~~431~~364.2423
2-A	94,900,000.00		~~649~~972,~~677~~923.8868		12,~~287~~319,~~000~~056.4252	-	~~498~~1,~~696~~319,255.5688	12,~~148~~292,~~374~~179.4456	-	-	9493,~~401~~580,~~303~~744.4412
M-1	22,500,000.00		5686,~~549~~884.6911		~~304~~546,~~520~~928.8847	2236,~~660~~294.5682	~~327~~583,~~181~~223.4429	~~383~~670,~~731~~107.1340	-	-	2221,~~172~~916,~~818~~776.5671
M-2	14,500,000.00		3859,~~735~~514.1545		~~196~~352,~~246~~465.7902	1423,~~603~~390.4700	~~210~~375,~~850~~855.2601	~~249~~435,~~585~~369.4146	-	-	14,~~289~~124,~~149~~144.7499
M-3	35,500,000.00		~~100~~154,~~445~~331.8581		~~480~~862,~~466~~931.2859	3557,~~753~~265.3215	~~516~~920,~~219~~196.6074	~~616~~1,~~665~~074,528.4555	-	-	34,~~983~~579,~~780~~803.4026
M-4	41,000,000.00		~~153~~236,~~597~~010.0397		~~554~~996,~~904~~625.7122	4166,~~292~~137.5722	~~596~~1,~~197~~062,762.2944	~~749~~1,~~794~~298,773.3241	-	-	4039,~~403~~937,~~802~~237.7156
M-5	24,000,000.00		~~101~~155,~~291~~643.5368		~~324~~583,~~822~~390.2737	2438,~~171~~714.2748	~~348~~622,~~993~~104.5485	~~450~~777,~~285~~748.0753	-	-	23,~~651~~377,~~006~~895.4615
M-6	7,500,000.00		3351,~~431~~371.8960		~~101~~182,~~506~~309.9649	712,~~553~~098.5227	~~109~~194,~~060~~407.4876	~~142~~245,~~492~~779.3736	-	-	7,~~390~~305,~~939~~592.5224
Cert	-		58,~~668~~343,~~308~~268.3849		-	-	-	58,~~668~~343,~~308~~268.3849	-	-	-
Total	1,000,000,000.00		812,~~558~~757,~~462~~535.2287		1324,~~534~~307,~~261~~931.13	12,~~795~~612,~~508~~993.7550	1425,~~541~~921,~~466~~123.0299	2338,~~099~~678,~~928~~659.2486	-	-	~~985~~974,~~458~~078,~~533~~876.9700
	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)
1-A-1	1.~~47000~~46875%	~~682~~674,~~645~~343,~~099~~301.5490			~~808~~852,~~365~~880.5737	-	-	-	~~808~~852,~~365~~880.5737	~~808~~852,~~365~~880.5737	-
1-A-2	1.~~39000~~38875%	7473,~~731~~822,~~254~~431.5124			8388,~~678~~281.2589	-	-	-	8388,~~678~~281.2589	8388,~~678~~281.2589	0.00
2-A	4.10900%	94,~~833~~401,~~135~~303.0144			~~324~~323,~~724~~245.4680	-	-	-	~~324~~323,~~724~~245.4680	~~324~~323,~~724~~245.4680	-
M-1	1.~~59000~~58875%	22,~~426~~172,~~566~~818.0056			2830,~~724~~334.6942	-	-	-	2830,~~724~~334.6942	2830,~~724~~334.6942	-
M-2	1.~~69000~~68875%	14,~~452~~289,~~675~~149.8774			1920,~~675~~779.7130	-	-	-	1920,~~675~~779.7130	1920,~~675~~779.7130	-
M-3	1.~~79000~~78875%	3534,~~384~~983,~~137~~780.4740			5153,~~021~~885.96	-	-	-	5153,~~021~~885.96	5153,~~021~~885.96	-
M-4	2.~~37000~~36875%	40,~~866~~403,~~186~~802.9371			7882,~~020~~413.3694	-	-	-	7882,~~020~~413.3694	7882,~~020~~413.3694	-
M-5	2.~~67000~~66875%	23,~~921~~651,~~670~~006.4046			5154,~~451~~352.5315	-	-	-	5154,~~451~~352.5315	5154,~~451~~352.5315	-
M-6	2.~~82000~~81875%	7,~~475~~390,~~522~~939.0052			1617,~~981~~939.8971	-	-	-	1617,~~981~~939.8971	1617,~~981~~939.8971	-
Cert		-			-	-	-	-	-	2,~~806~~674,~~038~~960.1811	-
Total		~~996~~985,~~736~~458,~~247~~533.7397			1,~~462~~524,~~644~~113.4254	-	-	-	1,~~462~~524,~~644~~113.4254	4,~~268~~199,~~682~~073.6065	0.00
							Page 3 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Certificate Payment Report for November 25, 2003 Distribution
	Certificate Payment Report for December 26, 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)
M-1-1		20,002,458.00			19,~~930~~688,~~783~~401.7307	2526,~~528~~935.0151	~~242~~234,~~382~~446.6668	~~267~~261,~~910~~382.6719	-	-	19,~~688~~453,~~401~~954.0739
M-1-2		2,497,542.00			2,~~495~~484,~~782~~417.2749	3,~~196~~398.6891	1121,~~364~~595.7817	1424,~~561~~994.4608	-	-	2,~~484~~462,~~417~~822.4932
M-2-1		12,890,473.00			12,~~844~~688,~~282~~080.9175	1718,~~486~~451.0602	~~156~~151,~~202~~087.1686	~~173~~169,~~688~~538.2288	-	-	12,~~688~~536,~~080~~992.7589
M-2-2		1,609,527.00			1,~~608~~601,~~392~~068.9598	2,~~189~~328.6528	713,~~323~~916.9788	916,~~513~~245.6216	-	-	1,~~601~~587,~~068~~152.9810
M-3-1		31,559,434.00			31,~~446~~063,~~347~~921.9396	4547,~~343~~848.8915	~~382~~369,~~425~~904.9777	~~427~~417,~~769~~752.8692	-	-	3130,~~063~~694,~~921~~017.9619
M-3-2		3,940,566.00			3,~~937~~919,~~789~~858.5445	56,~~678~~037.0781	1734,~~931~~072.0937	2340,~~609~~110.1618	-	-	3,~~919~~885,~~858~~786.4508
M-4-1		36,448,924.00			3635,~~318~~876,~~317~~642.5548	6973,~~337~~179.7263	~~441~~427,~~675~~213.0796	~~511~~500,~~012~~393.7959	-	-	35,~~876~~449,~~642~~428.4852
M-4-2		4,551,076.00			4,~~547~~527,~~869~~160.3924	89,~~682~~234.6431	2039,~~709~~351.1519	2948,~~391~~585.7950	-	-	4,~~527~~487,~~160~~809.2405
M-5-1		21,335,956.00			21,~~259~~000,~~503~~961.4493	4548,~~725~~262.6511	~~258~~250,~~541~~076.5147	~~304~~298,~~267~~338.1658	-	-	2120,~~000~~750,~~961~~885.9346
M-5-2		2,664,044.00			2,~~662~~650,~~166~~044.9653	56,~~725~~090.8804	1223,~~122~~034.4384	1729,~~848~~124.3188	-	-	2,~~650~~627,~~044~~009.5369
M-6-1		6,667,486.00			6,~~643~~562,~~594~~800.5836	15,~~092~~929.0360	8078,~~794~~148.2289	9594,~~886~~078.2549	-	-	6,~~562~~484,~~800~~651.3647
M-6-2		832,514.00			~~831~~828,~~927~~139.4216	12,~~889~~010.8611	37,~~788~~198.2639	59,~~678~~208.1250	-	-	~~828~~820,~~139~~940.1677
Total		145,000,000.00			~~144~~142,~~526~~891,~~758~~497.6740	~~245~~259,~~876~~705.1448	1,~~635~~650,~~261~~047.2747	1,~~881~~909,~~137~~752.4195	-	-	~~142~~141,~~891~~241,~~497~~449.4093
	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)
M-1-1	1011/2725/03	1112/2425/03		A-Act/360		20,002,458.00	~~996~~984.~~416727~~299083	1.~~276244~~346610	1211.~~117644~~720894	13.~~393887~~067504	~~984~~972.~~299083~~578190
M-1-2	1011/2725/03	1112/2425/03		A-Act/360		2,497,542.00	~~999~~994.~~295415~~745029	1.~~279930~~360902	48.~~550386~~646569	510.~~830316~~007471	~~994~~986.~~745029~~098460
M-2-1	1011/2725/03	1112/2425/03		A-Act/360		12,890,473.00	~~996~~984.~~416727~~299083	1.~~356510~~431369	1211.~~117644~~720893	13.~~474154~~152262	~~984~~972.~~299083~~578189
M-2-2	1011/2725/03	1112/2425/03		A-Act/360		1,609,527.00	~~999~~994.~~295414~~745028	1.~~360431~~446562	48.~~550387~~646565	510.~~910817~~093127	~~994~~986.~~745028~~098462
M-3-1	1011/2725/03	1112/2425/03		A-Act/360		31,559,434.00	~~996~~984.~~416727~~299083	1.~~436778~~516128	1211.~~117643~~720894	13.~~554421~~237022	~~984~~972.~~299083~~578190
M-3-2	1011/2725/03	1112/2425/03		A-Act/360		3,940,566.00	~~999~~994.~~295416~~745032	1.~~440928~~532219	48.~~550384~~646568	510.~~991312~~178786	~~994~~986.~~745032~~098464
M-4-1	1011/2725/03	1112/2425/03		A-Act/360		36,448,924.00	~~996~~984.~~416727~~299083	12.~~902326~~007731	1211.~~117644~~720894	1413.~~019969~~728624	~~984~~972.~~299083~~578190
M-4-2	1011/2725/03	1112/2425/03		A-Act/360		4,551,076.00	~~999~~994.~~295417~~745032	12.~~907821~~029039	48.~~550385~~646568	610.~~458207~~675607	~~994~~986.~~745032~~098463
M-5-1	1011/2725/03	1112/2425/03		A-Act/360		21,335,956.00	~~996~~984.~~416727~~299083	2.~~143126~~262008	1211.~~117644~~720894	1413.~~260770~~982902	~~984~~972.~~299083~~578190
M-5-2	1011/2725/03	1112/2425/03		A-Act/360		2,664,044.00	~~999~~994.~~295417~~745030	2.~~149319~~286013	48.~~550387~~646569	610.~~699705~~932582	~~994~~986.~~745030~~098462
M-6-1	1011/2725/03	1112/2425/03		A-Act/360		6,667,486.00	~~996~~984.~~416727~~299084	2.~~263526~~389146	1211.~~117644~~720893	14.~~381170~~110039	~~984~~972.~~299084~~578191
M-6-2	1011/2725/03	1112/2425/03		A-Act/360		832,514.00	~~999~~994.~~295411~~745025	2.~~270064~~414506	48.~~550386~~646569	611.~~820450~~061075	~~994~~986.~~745025~~098456
							Page 4 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Certificate Payment Report for November 25, 2003 Distribution
	Certificate Payment Report for December 26, 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)
M-1-1	20,002,458.00		5077,~~264~~199.3889		~~270~~485,~~650~~896.0943	4362,~~406~~607.8418	~~314~~548,~~056~~503.9361	~~364~~625,~~321~~703.3150	-	-	19,~~688~~453,~~401~~954.0739
M-1-2	2,497,542.00		69,~~285~~684.3122		3361,~~870~~032.7904	-	1334,~~124~~719.5168	1944,~~409~~403.8290	-	-	2,~~484~~462,~~417~~822.4932
M-2-1	12,890,473.00		3452,~~429~~880.8789		~~174~~313,~~418~~133.9525	2740,~~973~~346.3085	~~202~~353,~~392~~480.2511	~~236~~406,~~822~~361.1200	-	-	12,~~688~~536,~~080~~992.7589
M-2-2	1,609,527.00		46,~~305~~633.2856		2139,~~827~~331.8476	-	822,~~458~~374.0290	1229,~~763~~008.3046	-	-	1,~~601~~587,~~068~~152.9810
M-3-1	31,559,434.00		89137,~~281~~129.6479		~~427~~766,~~025~~636.7159	6898,~~486~~780.3422	~~495~~865,~~512~~416.0481	~~584~~1,~~793~~002,546.6860	-	-	3130,~~063~~694,~~921~~017.9619
M-3-2	3,940,566.00		1117,~~164~~202.2102		5396,~~440~~295.5700	-	2054,~~707~~779.5592	3171,~~871~~981.7694	-	-	3,~~919~~885,~~858~~786.4508
M-4-1	36,448,924.00		~~136~~209,~~525~~704.2487		~~493~~885,~~184~~411.6228	79114,~~096~~084.9020	~~572~~999,~~281~~495.5248	~~708~~1,~~806~~209,200.7635	-	-	35,~~876~~449,~~642~~428.4852
M-4-2	4,551,076.00		1726,~~071~~306.7910		61111,~~720~~213.0994	-	2363,~~915~~266.7695	4089,~~987~~573.5505	-	-	4,~~527~~487,~~160~~809.2405
M-5-1	21,335,956.00		90138,~~033~~295.3243		~~288~~518,~~693~~289.4454	4666,~~300~~781.6200	~~334~~585,~~994~~070.0754	~~425~~723,~~027~~365.3997	-	-	2120,~~000~~750,~~961~~885.9346
M-5-2	2,664,044.00		1117,~~258~~348.2125		3665,~~128~~100.83	-	1337,~~999~~034.4731	2554,~~257~~382.6856	-	-	2,~~650~~627,~~044~~009.5369
M-6-1	6,667,486.00		2945,~~716~~645.0565		90161,~~216~~965.7048	1420,~~468~~869.9506	~~104~~182,~~685~~834.6453	~~134~~228,~~401~~480.6918	-	-	6,~~562~~484,~~800~~651.3647
M-6-2	832,514.00		35,~~715~~725.8495		1120,~~290~~344.2601	-	411,~~374~~573.8423	817,~~090~~299.6818	-	-	~~828~~820,~~139~~940.1677
Total	145,000,000.00		~~484~~743,~~051~~756.1462		13,~~962~~524,~~467~~650.8915	~~279~~403,~~732~~468.9451	23,~~108~~758,~~502~~550.6007	24,~~592~~502,~~553~~306.7469	-	-	~~142~~141,~~891~~241,~~497~~449.4093
	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)
M-1-1	1.~~59000~~58875%	19,~~930~~688,~~783~~401.7307			2526,~~528~~935.0151	-	-	-	2526,~~528~~935.0151	2526,~~528~~935.0151	-
M-1-2	1.~~59000~~58875%	2,~~495~~484,~~782~~417.2749			3,~~196~~398.6891	-	-	-	3,~~196~~398.6891	3,~~196~~398.6891	-
M-2-1	1.~~69000~~68875%	12,~~844~~688,~~282~~080.9175			1718,~~486~~451.0602	-	-	-	1718,~~486~~451.0602	1718,~~486~~451.0602	-
M-2-2	1.~~69000~~68875%	1,~~608~~601,~~392~~068.9598			2,~~189~~328.6528	-	-	-	2,~~189~~328.6528	2,~~189~~328.6528	-
M-3-1	1.~~79000~~78875%	31,~~446~~063,~~347~~921.9396			4547,~~343~~848.8915	-	-	-	4547,~~343~~848.8915	4547,~~343~~848.8915	-
M-3-2	1.~~79000~~78875%	3,~~937~~919,~~789~~858.5445			56,~~678~~037.0781	-	-	-	56,~~678~~037.0781	56,~~678~~037.0781	-
M-4-1	2.~~37000~~36875%	3635,~~318~~876,~~317~~642.5548			6973,~~337~~179.7263	-	-	-	6973,~~337~~179.7263	6973,~~337~~179.7263	-
M-4-2	2.~~37000~~36875%	4,~~547~~527,~~869~~160.3924			89,~~682~~234.6431	-	-	-	89,~~682~~234.6431	89,~~682~~234.6431	-
M-5-1	2.~~67000~~66875%	21,~~259~~000,~~503~~961.4493			4548,~~725~~262.6511	-	-	-	4548,~~725~~262.6511	4548,~~725~~262.6511	-
M-5-2	2.~~67000~~66875%	2,~~662~~650,~~166~~044.9653			56,~~725~~090.8804	-	-	-	56,~~725~~090.8804	56,~~725~~090.8804	-
M-6-1	2.~~82000~~81875%	6,~~643~~562,~~594~~800.5836			15,~~092~~929.0360	-	-	-	15,~~092~~929.0360	15,~~092~~929.0360	-
M-6-2	2.~~82000~~81875%	~~831~~828,~~927~~139.4216			12,~~889~~010.8611	-	-	-	12,~~889~~010.8611	12,~~889~~010.8611	-
Total		~~144~~142,~~526~~891,~~758~~497.6740			~~245~~259,~~876~~705.1448	-	-	-	~~245~~259,~~876~~705.1448	~~245~~259,~~876~~705.1448	-
							Page 5 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report for December 26, 2003 Distribution
	Collection Account Report
SUMMARY						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Principal Collections					~~505,071.26~~	~~10,772,642.50~~	11,~~277~~379,~~713~~657.7696
	Principal Withdrawals					~~0.00~~	~~0.00~~	0.00
	Principal Other Accounts					~~0.00~~	~~0.00~~	0.00
	TOTAL PRINCIPAL					~~505,071.26~~	~~10,772,642.50~~	11,~~277~~379,~~713~~657.7696
	Interest Collections					~~606,311.85~~	~~3,949,060.97~~	4,~~555~~347,~~372~~780.8229
	Interest Withdrawals					~~0.00~~	~~0.00~~	0.00
	Interest Other Accounts					~~0.00~~	~~0.00~~	0.00
	Interest Fees					~~(17,009.86)~~	~~(274,601.87)~~	(~~291~~138,~~611~~803.7306)
	Interest Earnings					~~0.00~~	~~0.00~~	0.00
	TOTAL INTEREST					~~589,301.99~~	~~3,674,459.10~~	4,~~263~~208,~~761~~977.0923
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS					~~1,094,373.25~~	~~14,447,101.60~~	15,~~541~~588,~~474~~635.8519
PRINCIPAL - COLLECTIONS						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Scheduled Principal					~~105,356.34~~	~~505,720.97~~	~~611~~605,~~077~~987.3196
	Curtailments					~~7,032.97~~	~~1,015,344.79~~	1133,~~022,377~~599.7629
	Prepayments in Full					~~392,681.95~~	~~9,251,576.74~~	910,~~644~~551,~~258~~023.6962
	Repurchases/Substitutions					~~0.00~~	~~0.00~~	089,047.0009
	Liquidations					~~0.00~~	~~0.00~~	0.00
	Insurance Principal					~~0.00~~	~~0.00~~	0.00
	Other Additional Principal					~~0.00~~	~~0.00~~	0.00
	Delinquent Principal					~~(47,206.00)~~	~~(141,622.78)~~	(~~188~~439,~~828~~392.7834)
	Realized Losses					~~0.00~~	~~0.00~~	0.00
	Substitution Adjustments- Principal					~~0.00~~	~~0.00~~	0.00
	Termination Price Amounts- Principal					~~0.00~~	~~0.00~~	0.00
	Additional Principal Amts					~~0.00~~	~~0.00~~	0.00
	Principal Advanced					~~47,206.00~~	~~141,622.78~~	~~188~~439,~~828~~392.7834
	TOTAL PRINCIPAL					~~505,071.26~~	~~10,772,642.50~~	11,~~277~~379,~~713~~657.7696
				Page 6 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report for December 26, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Scheduled Interest					~~618,926.34~~	~~4,031,523.16~~	4,~~650~~590,~~449~~509.5039
	Repurchases/Substitutions					~~0.00~~	~~0.00~~	0426.0068
	Liquidations					~~0.00~~	~~0.00~~	0.00
	Insurance Interest					~~0.00~~	~~0.00~~	0.00
	Other Additional Interest					~~0.00~~	~~0.00~~	0.00
	Prepayment Interest Shortfalls					~~(1,400.01)~~	~~(22,651.08)~~	(2428,~~051~~377.0976)
	Relief Act Interest Shortfalls					~~(168.87)~~	~~0.00~~	(168.8720)
	Delinquent Interest					~~(289,201.22)~~	~~(1,151,523.36)~~	(13,~~440~~412,~~724~~874.5842)
	Interest Realized Losses					~~0.00~~	~~0.00~~	0.00
	Compensating Interest					~~1,400.01~~	~~22,651.08~~	2428,~~051~~377.0976
	Substitution Adjustments- Interest					~~0.00~~	~~0.00~~	0.00
	Termination Price Amounts- Interest					~~0.00~~	~~0.00~~	0.00
	Additional Interest Amts					~~0.00~~	~~0.00~~	0.00
	Interest Prepayment Premiums					~~0.00~~	~~0.00~~	0.00
	Interest Advanced					~~276,755.60~~	~~1,069,061.17~~	13,~~345~~169,~~816~~886.7784
	Cap Contract Payment Amt					~~0.00~~	~~0.00~~	0.00
	TOTAL INTEREST					~~606,311.85~~	~~3,949,060.97~~	4,~~555~~347,~~372~~780.8229
				Page 7 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report for December 26, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Prev. Unreimbursed PMI Premiums					~~0.00~~	~~0.00~~	0.00
	Prev. Unreimbursed Spec Haz Premiums					~~0.00~~	~~0.00~~	0.00
	Prev. Unreimbursed Liq. Expenses					~~0.00~~	~~0.00~~	0.00
	Prev. Unreimbursed Master/Sub-Servicing Fees					~~0.00~~	~~0.00~~	0.00
	Amt Rvcd Not Due Bondholder /Deposits in Error					~~0.00~~	~~0.00~~	0.00
	Prev. Unreimb. P&I Advances/Non Recov Advances					~~0.00~~	~~0.00~~	0.00
	Prev. Unreimbursed Servicing Advances					~~0.00~~	~~0.00~~	0.00
	Clear and Terminate Collection Account					~~0.00~~	~~0.00~~	0.00
	TOTAL INTEREST WITHDRAWALS					~~0.00~~	~~0.00~~	0.00
INTEREST - OTHER ACCOUNTS						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Cap Contract Payment Amounts					~~0.00~~	~~0.00~~	0.00
	Floor Contract Payment Amounts					~~0.00~~	~~0.00~~	0.00
	Swap Contract Payment Amounts					~~0.00~~	~~0.00~~	0.00
INTEREST - FEES						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Owner Trustee Fee					~~157.13~~	~~1,254.91~~	1,~~412~~396.0407
	Indenture Trustee Fee					~~341.99~~	~~2,731.28~~	3,~~073~~038.2750
	Bond Insurance Premium Amount					~~0.00~~	~~4,921.50~~	4,~~921~~862.5089
	Radian PMI Insurance Premiums					~~1,895.37~~	~~49,192.40~~	5150,~~087~~279.7790
	Current Servicing Fees					~~14,615.37~~	~~216,501.78~~	~~231~~79,~~117~~225.1570
	TOTAL INTEREST FEES					~~17,009.86~~	~~274,601.87~~	~~291~~138,~~611~~803.7306
				Page 8 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Credit Enhancement Report for November 25, 2003 Distribution
	Credit Enhancement Report for December 26, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INSURANCE						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Current Periods Required Overcollateralization Amt					~~0.00~~	~~0.00~~	0.00
	Current Periods Overcollateralization Amt					~~0.00~~	~~0.00~~	0.00
	Current Periods Net Monthly Excess Cashflow					~~238,783.63~~	~~2,591,474.50~~	2,~~830~~718,~~258~~272.1354
	Current Periods Overcollateralization Release					~~0.01~~	~~0.00~~	0.0100
	Current Periods Principal Available Funds Shortfall						~~0.00~~	0.00
	Available Funds Rate					~~6.5973%~~	~~5.1493%~~	54.~~1493~~8083%
				Page 9 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Collateral Report for November 25, 2003 Distribution
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
COLLATERAL						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Loan Count:
	Original					562	3522	4084
	Prior					~~560~~554	3,~~506~~461	4,~~066~~015
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(68)	(4547)	(5155)
	Repurchases					-(1)	-	-(1)
	Liquidations					-	-	-
	Current					~~554~~545	3,~~461~~414	43,~~015~~959
	Principal Balance:
	Original					110,995,332.93	889,004,734.33	1,000,000,067.26
	Prior					110,~~917~~411,~~063~~992.5529	~~885~~875,~~819~~046,~~184~~541.1969	~~996~~985,~~736~~458,~~247~~533.7498
	Prefunding					-	-	-
	Scheduled Principal					(~~105~~104,~~356~~834.3402)	(~~505~~501,~~720~~153.9794)	(~~611~~605,~~077~~987.3196)
	Partial and Full Voluntary Prepayments					(~~399~~765,~~714~~847.9205)	(109,~~266~~918,~~921~~775.5386)	(10,~~666~~684,~~636~~622.4591)
	Repurchases					-(89,047.09)	-	-(89,047.09)
	Liquidations					-	-	-
	Current					~~110~~109,~~411~~452,~~992~~264.2913	~~875~~864,~~046~~626,~~541~~611.6989	~~985~~974,~~458~~078,~~533~~876.9802
PREFUNDING						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
SPACE INTENTIONALLY LEFT BLANK
	Group 1 - Adj
	Group 2 - Fix
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 10 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Collateral Report for November 25, 2003 Distribution
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Weighted Average Coupon Original					6.697981%	5.471194%	5.607362%
	Weighted Average Coupon Prior					6.~~697981~~696099%	5.~~471194~~461417%	5.~~607362~~598813%
	Weighted Average Coupon Current					6.~~696099~~686563%	5.~~461417~~452106%	5.~~598813~~590416%
	Weighted Average Months to Maturity Original					347	355	354
	Weighted Average Months to Maturity Prior					~~347~~346	355	354
	Weighted Average Months to Maturity Current					~~346~~345	~~355~~354	~~354~~353
	Weighted Avg Remaining Amortization Term Original					347	355	354
	Weighted Avg Remaining Amortization Term Prior					~~347~~346	~~355~~354	~~354~~353
	Weighted Avg Remaining Amortization Term Current					346	~~354~~353	~~353~~352
	Weighted Average Seasoning Original					3.47	5.13	4.95
	Weighted Average Seasoning Prior					34.4740	5.1393	45.9576
	Weighted Average Seasoning Current					45.4031	56.9383	56.7666
Note: Original information refers to deal issue.
	Group 1 - Adj
	Group 2 - Fix
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 11 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Collateral Report for November 25, 2003 Distribution
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Weighted Average Margin Original						3.187%
	Weighted Average Margin Prior						3.~~187~~185%
	Weighted Average Margin Current						3.~~185~~182%
	Weighted Average Max Rate Original						11.599%
	Weighted Average Max Rate Prior						11.~~599~~594%
	Weighted Average Max Rate Current						11.~~594~~579%
	Weighted Average Min Rate Original						3.350%
	Weighted Average Min Rate Prior						3.~~350~~347%
	Weighted Average Min Rate Current						3.~~347~~340%
	Weighted Average Cap Up Original						1.048%
	Weighted Average Cap Up Prior						1.048%
	Weighted Average Cap Up Current						1.~~048~~047%
	Weighted Average Cap Down Original						0.535%
	Weighted Average Cap Down Prior						0.~~535~~537%
	Weighted Average Cap Down Current						0.~~537~~541%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Current Servicing Fees					~~14,615.37~~	~~216,501.78~~	~~231~~79,~~117~~225.1570
	Delinquent Servicing Fees					~~12,445.62~~	~~82,462.19~~	94242,~~907~~987.8158
	TOTAL SERVICING FEES					~~27,060.99~~	~~298,963.97~~	~~326~~322,~~024~~213.9628
	Total Servicing Fees					~~27,060.99~~	~~298,963.97~~	~~326~~322,~~024~~213.9628
	Compensating Interest					~~1,400.01~~	~~22,651.08~~	2428,~~051~~377.0976
	Delinquent Servicing Fees					~~(12,445.62)~~	~~(82,462.19)~~	(94242,~~907~~987.8158)
	COLLECTED SERVICING FEES					~~16,015.38~~	~~239,152.86~~	~~255~~107,~~168~~603.2446
	Current PPIS					~~1,400.01~~	~~22,651.08~~	2428,~~051~~377.0976
	Current Net PPIS					~~2,800.02~~	~~45,302.16~~	4856,~~102~~755.1852
	Total Advanced Principal For Current Payment Date					~~47,206.00~~	~~141,622.78~~	~~188~~439,~~828~~392.7834
	Total Advanced Interest For Current Payment Date					~~276,755.60~~	~~1,069,061.17~~	13,~~345~~169,~~816~~886.7784
	TOTAL ADVANCES FOR CURRENT PERIOD					~~323,961.60~~	~~1,210,683.95~~	13,~~534~~609,~~645~~279.5518
ADDITIONAL COLLATERAL INFORMATION						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
SPACE INTENTIONALLY LEFT BLANK
				Page 12 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			15,~~391~~912,~~007~~026.1247	-650,666.41	-	16,~~391~~562,~~007~~692.1288
		% Balance			0.1461%	0.0007%	0.00%	0.1467%
		# Loans			1228	-5	-	1233
		% # Loans			0.3071%	0.0013%	0.00%	0.3083%
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		~~825~~823,~~247~~972.2348	5446,~~602~~361.9997	-	-	~~879~~870,~~850~~334.2245
		% Balance		0.08%	0.0100%	0.00%	0.00%	0.09%
		# Loans		8	21	-	-	109
		% # Loans		0.20%	0.0503%	0.00%	0.00%	0.2523%
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		~~825~~823,~~247~~972.2348	15,~~445~~958,~~610~~388.1144	-650,666.41	-	27,~~270~~433,~~857~~027.3433
		% Balance		0.08%	0.1561%	0.0007%	0.00%	0.2376%
		# Loans		8	1429	-5	-	2242
		% # Loans		0.20%	0.3573%	0.0013%	0.00%	01.5506%
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 13 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Group 1 - Adj Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			14,~~327~~669,~~228~~435.6099	-634,839.26	-	15,~~327~~304,~~228~~275.6025
		% Balance			0.1554%	0.0007%	0.00%	0.1561%
		# Loans			921	-4	-	925
		% # Loans			0.2662%	0.0012%	0.00%	0.2673%
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		~~784~~783,~~830~~666.8066	-	-	-	~~784~~783,~~830~~666.8066
		% Balance		0.09%	0.00%	0.00%	0.00%	0.09%
		# Loans		7	-	-	-	7
		% # Loans		0.2021%	0.00%	0.00%	0.00%	0.2021%
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		~~784~~783,~~830~~666.8066	14,~~327~~669,~~228~~435.6099	-634,839.26	-	26,~~112~~087,~~059~~941.4091
		% Balance		0.09%	0.1554%	0.0007%	0.00%	0.2470%
		# Loans		7	921	-4	-	1632
		% # Loans		0.2021%	0.2662%	0.0012%	0.00%	0.4694%
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 14 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Group 2 - Fix Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			631,~~778~~242,590.5248	-15,827.15	-	631,~~778~~258,417.5263
		% Balance			01.0614%	0.0001%	0.00%	01.0615%
		# Loans			37	-1	-	38
		% # Loans			01.5428%	0.0018%	0.00%	01.5447%
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		40,~~416~~305.4382	5446,~~602~~361.9997	-	-	9586,~~019~~667.4279
		% Balance		0.04%	0.0504%	0.00%	0.00%	0.0908%
		# Loans		1	21	-	-	32
		% # Loans		0.18%	0.3618%	0.00%	0.00%	0.5437%
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		40,~~416~~305.4382	~~118~~1,~~381~~288,952.5145	-15,827.15	-	~~158~~1,~~797~~345,085.9442
		% Balance		0.04%	01.1118%	0.0001%	0.00%	01.1423%
		# Loans		1	58	-1	-	610
		% # Loans		0.18%	01.9047%	0.0018%	0.00%	1.0883%
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 15 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	REO Report for November 25, 2003 Distribution
	REO Report for December 26, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 - Adj Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 - Fix Group; REO Book Value = 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 16 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Current
	Number of Paid in Full Loans					68	4547	5155
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					6	45	51
	Paid in Full Balance					392,681.95	9,251,576.74	9,644,258.69
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					7,032.97	1,015,344.79	1,022,377.76
	Total Prepayment Amount					399,714.92	10,266,921.53	10,666,636.45
	Cumulative
	Number of Paid in Full Loans					7	61	68
	Number of Repurchased Loans					1	-	1
	Total Number of Loans Prepaid in Full					89	6147	6956
	Paid in Full Balance					~~410~~760,~~200~~019.9543	119,~~963~~791,~~607~~004.5919	1210,~~373~~551,~~808~~023.5462
	Repurchased Loans Balance					3089,~~081~~047.6009	-	3089,~~081~~047.6009
	Curtailments Amount					75,~~831~~827.8262	1127,~~122,539~~771.1767	1133,~~130,370~~599.9929
	Total Prepayment Amount					~~448~~854,~~114~~894.3714	139,~~086~~918,~~146~~775.7686	1310,~~534~~773,~~261~~670.1300
	Current Prin Balance of Repurchases Per Sec 3.18					0.00	0.00	0.00
	Cumulative
	Cumulative Prin Balance of Repurchases Per Sec 3.18					0.00	0.00	0.00
	Number of Paid in Full Loans					15	108	123
	Number of Repurchased Loans					2	-	2
	Total Number of Loans Prepaid in Full					17	108	125
	Paid in Full Balance					1,170,220.38	21,754,611.78	22,924,832.16
	Repurchased Loans Balance					119,128.69	-	119,128.69
	Curtailments Amount					13,659.44	1,250,310.84	1,263,970.28
	Total Prepayment Amount					1,303,008.51	23,004,922.62	24,307,931.13
	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 17 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	SMM					0.3678%	1.1613%	1.0709%
	3 Months Avg SMM					0.39%	0.87%	0.82%
	12 Months Avg SMM
	Avg SMM Since Cut-off					0.2039%	0.7487%	0.6882%
	CPR					48.2491%	1312.0679%	12.1237%
	3 Months Avg CPR					4.62%	9.97%	9.39%
	12 Months Avg CPR
	Avg CPR Since Cut-off					24.4062%	89.5297%	79.8639%
	PSA					~~482~~838.5891%	~~1101~~936.1622%	~~1052~~928.1718%
	3 Months Avg PSA Approximation					525.86%	835.38%	810.49%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~305~~525.0186%	~~770~~835.0338%	~~733~~810.7649%
	Group 1 - Adj
	Group 2 - Fix
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
	Group 1 - Adj
	Group 2 - Fix
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 19 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Prepayment Detail Report for November 25, 2003 Distribution
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 51						Loan Group 1 = Group 1 - Adj Group
Total Loan Count = 56						Loan Group 1 = Group 1 - Adj Group
Total Original Principal Balance = 9,851,275.00						Loan Group 2 = Group 2 - Fix Group
Total Original Principal Balance = 10,775,754.00						Loan Group 2 = Group 2 - Fix Group
Total Prepayment Amount = 9,644,258.69
Total Prepayment Amount = 10,640,070.71
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
1100378044 1			650,000.00	650,000.00	Oct-07-03	5.875%	CA - 76.47%	Paid Off - 360	Aug-15-03
1100378970 1			263,100.00	262,208.22	Nov-17-03	6.875%	CA - 94.00%	Paid Off - 360	Aug-18-03
1100379750 1			263,000.00	260,454.47	Oct-17-03	7.250%	MI - 79.70%	Paid Off - 360	Aug-15-03
1100378987 1			141,550.00	141,033.99	Nov-28-03	6.500%	IL - 95.00%	Paid Off - 360	Aug-11-03
1100382528 1			236,000.00	236,000.00	Oct-06-03	6.250%	FL - 80.00%	Paid Off - 360	Aug-04-03
1100379577 1			111,150.00	110,663.89	Nov-12-03	7.250%	MD - 84.21%	Paid Off - 360	Aug-11-03
1100385606 1			535,000.00	535,000.00	Oct-29-03	4.750%	CA - 60.45%	Paid Off - 360	Aug-22-03
1100380247 1			350,000.00	349,516.69	Nov-07-03	7.875%	CA - 85.37%	Paid Off - 360	Sep-24-03
1100385636 1			840,000.00	837,681.30	Oct-08-03	4.250%	CA - 80.00%	Paid Off - 360	Aug-22-03
1100380879 1			205,871.00	205,628.27	Nov-25-03	5.125%	CA - 89.90%	Paid Off - 360	Aug-13-03
1100387035 1			145,000.00	144,860.76	Oct-21-03	6.990%	MD - 60.42%	Paid Off - 360	Sep-05-03
1100381299 1			85,000.00	84,530.49	Nov-24-03	5.500%	MA - 51.52%	Paid Off - 360	Jul-31-03
1103021805 1			184,300.00	182,882.21	Oct-10-03	6.000%	MI - 89.90%	Paid Off - 360	Aug-15-03
1100381620 1			93,000.00	93,000.00	Nov-21-03	5.250%	HI - 44.60%	Paid Off - 360	Aug-20-03
1103063600 1			346,150.00	346,150.00	Oct-17-03	3.500%	FL - 70.00%	Paid Off - 360	Sep-12-03
1100382044 1			216,000.00	215,467.74	Nov-06-03	4.875%	CA - 77.14%	Paid Off - 360	Sep-24-03
1103065198 1			115,200.00	114,858.15	Oct-09-03	5.500%	NV - 90.00%	Paid Off - 360	Aug-27-03
1100382147 1			178,500.00	177,792.19	Nov-21-03	4.500%	CA - 70.00%	Paid Off - 360	Aug-22-03
1103070022 1			457,350.00	457,350.00	Oct-27-03	7.125%	CA - 83.92%	Paid Off - 360	Sep-08-03
1100382729 1			471,750.00	470,229.90	Nov-06-03	5.625%	CO - 75.00%	Paid Off - 360	Aug-18-03
1103074460 1			250,000.00	250,000.00	Oct-24-03	4.875%	CA - 35.97%	Paid Off - 360	Sep-10-03
1100382733 1			204,750.00	204,750.00	Nov-21-03	6.875%	CA - 90.00%	Paid Off - 360	Sep-11-03
2500028759 1			170,800.00	169,833.68	Oct-06-03	5.125%	CA - 78.17%	Paid Off - 360	Aug-14-03
1100383367 1			159,200.00	158,662.43	Nov-10-03	5.375%	CA - 80.00%	Paid Off - 360	Aug-05-03
2500030691 1			315,000.00	314,663.24	Oct-29-03	5.625%	CA - 70.00%	Paid Off - 360	Aug-27-03
1100384825 1			296,000.00	295,111.57	Nov-28-03	6.000%	CA - 80.00%	Paid Off - 360	Aug-18-03
2500031413 1			146,750.00	146,585.56	Oct-23-03	5.375%	FL - 94.99%	Paid Off - 360	Aug-25-03
1100384884 1			300,000.00	300,000.00	Nov-03-03	7.750%	CA - 89.55%	Paid Off - 360	Aug-22-03
2503030685 1			462,000.00	462,000.00	Oct-03-03	4.125%	WA - 49.68%	Paid Off - 360	Sep-04-03
1103032257 1			431,000.00	426,822.24	Nov-19-03	4.500%	FL - 89.98%	Paid Off - 360	Aug-15-03
2503031373 1			130,200.00	130,200.00	Oct-31-03	5.125%	OH - 79.98%	Paid Off - 360	Sep-19-03
1103050756 1			213,500.00	212,308.13	Nov-07-03	4.250%	CA - 70.00%	Paid Off - 360	Sep-12-03
3900006053 1			152,100.00	146,776.98	Oct-14-03	5.750%	CA - 90.00%	Paid Off - 360	Apr-26-00
1103055623 1			213,042.00	213,042.00	Nov-13-03	6.375%	FL - 90.00%	Paid Off - 360	Sep-18-03
3900006072 1			287,900.00	277,821.07	Oct-15-03	5.625%	CA - 89.97%	Paid Off - 360	Mar-31-00
1103055975 1			164,700.00	164,127.99	Nov-04-03	6.750%	CA - 90.00%	Paid Off - 360	Aug-12-03
3900006080 1			114,400.00	111,087.33	Oct-09-03	8.750%	CA - 75.02%	Paid Off - 360	Mar-06-00
1103061502 1			250,000.00	249,819.06	Nov-04-03	7.625%	TX - 100.00%	Paid Off - 360	Sep-25-03
3900006122 1			151,050.00	145,853.97	Oct-10-03	5.000%	CA - 94.47%	Paid Off - 360	Jun-28-00
1103064893 1			112,500.00	112,200.58	Nov-03-03	6.625%	FL - 90.00%	Paid Off - 360	Sep-05-03
3900006138 1			171,900.00	160,645.42	Oct-21-03	6.000%	CA - 90.00%	Paid Off - 360	Apr-28-00
1103068322 1			175,500.00	175,209.65	Nov-19-03	8.990%	MN - 90.00%	Paid Off - 360	Sep-23-03
3900006178 1			251,900.00	243,342.78	Oct-20-03	5.500%	CA - 90.00%	Paid Off - 360	Jul-18-00
1103070903 1			387,000.00	386,150.88	Nov-21-03	5.500%	NJ - 90.00%	Paid Off - 360	Sep-19-03
3900006190 1			205,600.00	201,321.96	Oct-01-03	7.625%	WA - 80.00%	Paid Off - 360	Jun-30-00
1103075692 1			507,500.00	507,500.00	Nov-26-03	5.500%	CA - 70.00%	Paid Off - 360	Sep-23-03
3900006276 1			189,050.00	184,510.63	Oct-10-03	7.875%	CA - 95.00%	Paid Off - 360	Sep-29-00
1103084578 1			95,400.00	95,175.52	Nov-19-03	5.125%	IL - 90.00%	Paid Off - 360	Sep-25-03
3900006278 1			122,000.00	119,642.50	Oct-30-03	7.125%	SC - 89.05%	Paid Off - 360	Sep-18-00
2500029825 1			206,250.00	206,250.00	Nov-07-03	6.500%	CA - 89.99%	Paid Off - 360	Aug-08-03
3900006300 1			99,600.00	96,500.83	Oct-13-03	4.625%	CO - 80.00%	Paid Off - 360	Oct-11-00
2500029833 1			220,000.00	220,000.00	Nov-26-03	6.250%	CA - 80.00%	Paid Off - 360	Jul-30-03
3900006313 1			146,000.00	140,985.88	Oct-29-03	6.125%	CA - 81.56%	Paid Off - 360	Oct-03-00
2500029869 1			405,000.00	404,068.87	Nov-25-03	5.250%	NJ - 78.49%	Paid Off - 360	Aug-15-03
3900006323 1			76,500.00	74,329.12	Oct-20-03	8.500%	CA - 90.00%	Paid Off - 360	Nov-13-00
2500029950 1			380,000.00	379,997.25	Nov-06-03	3.750%	CA - 33.19%	Paid Off - 360	Jul-30-03
3900006324 1			157,600.00	154,141.89	Oct-09-03	6.125%	OR - 95.00%	Paid Off - 360	Oct-12-00
2500030118 1			199,000.00	198,245.91	Nov-24-03	4.750%	CA - 66.33%	Paid Off - 360	Jul-31-03
3900006332 1			177,200.00	170,383.46	Oct-07-03	4.500%	CA - 80.00%	Paid Off - 360	Nov-06-00
2503032304 1			252,900.00	252,900.00	Nov-26-03	6.875%	CA - 88.74%	Paid Off - 360	Sep-04-03
3900006335 1			94,500.00	91,836.55	Oct-15-03	5.000%	CA - 90.00%	Paid Off - 360	Nov-20-00
2503032528 1			209,000.00	208,848.73	Nov-28-03	7.625%	NJ - 95.00%	Paid Off - 360	Sep-12-03
3900006438 1			255,000.00	247,340.41	Oct-02-03	5.500%	CA - 75.00%	Paid Off - 360	May-31-00
3900006078 1			144,000.00	140,159.13	Nov-24-03	6.375%	CA - 90.00%	Paid Off - 360	May-31-00
3900006454 1			157,100.00	151,458.97	Oct-27-03	4.500%	OR - 96.98%	Paid Off - 360	Jun-23-00
3900006113 1			114,000.00	111,424.33	Nov-21-03	9.750%	NV - 90.48%	Paid Off - 360	Jun-21-00
3900006475 1			70,750.00	69,525.93	Oct-21-03	7.875%	TN - 94.97%	Paid Off - 360	Jul-24-00
3900006166 1			308,600.00	299,522.14	Nov-03-03	6.500%	CA - 90.00%	Paid Off - 360	Jun-30-00
3900006504 1			135,200.00	130,865.66	Oct-15-03	4.750%	CO - 80.00%	Paid Off - 360	Oct-20-00
3900006208 1			112,500.00	108,806.16	Nov-13-03	4.875%	CA - 90.00%	Paid Off - 360	Aug-24-00
3900006540 1			91,000.00	85,544.69	Oct-10-03	9.500%	CA - 70.00%	Paid Off - 360	Jul-17-96
3900006245 1			121,950.00	118,522.22	Nov-20-03	6.125%	WA - 90.00%	Paid Off - 360	Aug-30-00
3900006550 1			180,000.00	168,435.13	Oct-15-03	7.875%	FL - 80.00%	Paid Off - 360	Feb-21-97
3900006289 1			72,000.00	69,032.88	Nov-04-03	6.750%	FL - 90.00%	Paid Off - 360	Sep-28-00
3900006568 1			117,000.00	106,984.77	Oct-27-03	9.625%	MD - 90.00%	Paid Off - 360	Mar-17-97
3900006329 1			116,000.00	111,894.79	Nov-25-03	3.875%	CA - 80.00%	Paid Off - 360	Nov-01-00
3900006668 1			167,300.00	156,426.83	Oct-21-03	7.800%	CA - 77.81%	Paid Off - 360	May-22-96
3900006432 1			156,750.00	150,840.54	Nov-10-03	5.000%	CA - 95.00%	Paid Off - 360	May-26-00
3900006690 1			367,500.00	347,448.58	Oct-30-03	9.200%	CA - 70.00%	Paid Off - 360	Jul-30-96
3900006452 1			360,000.00	345,788.90	Nov-11-03	5.875%	WA - 80.00%	Paid Off - 360	Jun-29-00
3900006694 1			57,000.00	53,945.41	Oct-13-03	9.850%	WA - 75.00%	Paid Off - 360	Jul-30-96
3900006478 1			92,250.00	89,839.02	Nov-06-03	6.000%	FL - 90.00%	Paid Off - 360	Aug-02-00
3900006709 1			39,375.00	37,188.26	Oct-15-03	9.330%	OH - 75.00%	Paid Off - 360	Jul-30-96
3900006508 1			101,700.00	99,358.14	Nov-25-03	5.875%	NV - 90.00%	Paid Off - 360	Oct-31-00
3900006722 1			53,250.00	49,272.06	Oct-02-03	10.550%	TX - 75.00%	Paid Off - 360	Jul-30-96
3900006569 1			252,000.00	240,000.91	Nov-21-03	10.125%	VA - 90.00%	Paid Off - 360	Feb-28-97
3900006758 1			35,750.00	34,081.71	Oct-03-03	9.975%	MA - 55.00%	Paid Off - 360	Sep-19-96
3900006572 1			161,500.00	153,317.94	Nov-13-03	9.500%	MA - 85.00%	Paid Off - 360	Apr-14-97
					Page 20 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Prepayment Detail Report for November 25, 2003 Distribution
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
3900006861 1			60,000.00	55,358.59	Oct-17-03	8.750%	MN - 80.00%	Paid Off - 360	Feb-27-98
3900006598 1			127,500.00	114,052.50	Nov-26-03	4.500%	NV - 89.99%	Paid Off - 360	Aug-19-97
1100383710 2			262,500.00	262,273.99	Oct-16-03	6.750%	CA - 77.21%	Paid Off - 360	Sep-11-03
3900006721 1			108,000.00	102,179.22	Nov-25-03	9.250%	TX - 80.00%	Paid Off - 360	Jul-30-96
3900002808 2			34,000.00	32,933.02	Oct-01-03	14.990%	CA - 29.57%	Paid Off - 300	May-01-98
3900006774 1			58,500.00	55,003.18	Nov-13-03	7.600%	CA - 75.00%	Paid Off - 360	Nov-26-96
3900006108 2			24,500.00	21,312.82	Oct-24-03	13.750%	FL - 24.87%	Paid Off - 180	May-31-00
1100380191 2			159,291.00	158,915.94	Nov-06-03	7.250%	FL - 90.00%	Paid Off - 360	Aug-26-03
3900006172 2			15,000.00	13,652.64	Oct-29-03	16.250%	IN - 15.63%	Paid Off - 180	Jul-12-00
1103057449 2			68,400.00	68,230.80	Nov-19-03	7.000%	MO - 95.00%	Paid Off - 360	Aug-25-03
3900006399 2			35,000.00	27,827.80	Oct-24-03	13.990%	FL - 44.03%	Paid Off - 180	Apr-07-00
1103069376 2			245,000.00	244,576.93	Nov-14-03	6.750%	CA - 70.00%	Paid Off - 360	Sep-25-03
3900006518 2			50,000.00	34,681.68	Oct-23-03	13.750%	CA - 20.83%	Paid Off - 180	Dec-05-95
1103079057 2			132,050.00	131,795.64	Nov-28-03	8.250%	IN - 95.00%	Paid Off - 360	Sep-17-03
3900006224 2			38,600.00	38,252.07	Nov-13-03	14.125%	CA - 20.00%	Paid Off - 180	Aug-31-00
3900006358 2			64,000.00	56,933.00	Nov-06-03	13.000%	NV - 51.20%	Paid Off - 240	Oct-17-97
3900006407 2			50,000.00	44,995.03	Nov-03-03	13.875%	GA - 37.88%	Paid Off - 240	Apr-07-00
3900006529 2			23,000.00	16,320.02	Nov-28-03	14.250%	CA - 26.74%	Paid Off - 180	Jun-04-96
1100382644 2			90,000.00	89,047.09	Dec-01-03	5.750%	IL - 90.00%	Repur/Subs - 180	Aug-25-03
					Page 21 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report for December 26, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES						GROUP 2 - FIX	GROUP 1 - ADJ	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.
SPACE INTENTIONALLY LEFT BLANK
	Group 1 - Adj						3 Months Moving Average
	Group 2 - Fix
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 22 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report for December 26, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR					0.00%	0.00%	0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%
	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR					0.00%	0.00%	0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%
	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation					0.00%	0.00%	0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.00%	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
	Group 1 - Adj
	Group 2 - Fix
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 23 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report for December 26, 2003 Distribution
	Realized Loss Report - Collateral
	Group 1 - Adj
	Group 2 - Fix
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 24 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Realized Loss Detail Report for November 25, 2003 Distribution
	Realized Loss Detail Report for December 26, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Group 1 - Adj Group
Total Original Principal Balance = 0.00						Loan Group 2 = Group 2 - Fix Group
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 25 of 26				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-10
	Collateralized Asset-Backed Bonds
	Series 2003-10
	Triggers, Adj. Rate Cert. and Miscellaneous Report for November 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for December 26, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Current Periods Basis Risk Shortfall Carry Forward Amt					~~0.00~~	~~0.00~~	0.00
	Cumulative Basis Risk Shortfall Carry Forward Amt					~~0.00~~	~~0.00~~	0.00
	Current Periods LIBOR Rate							1.~~1200~~1188%
ADDITIONAL INFORMATION						GROUP 2 - FIX	GROUP 1 - ADJ	TOTAL
	Total Derivative Payments					~~0.00~~	~~0.00~~	0.00
	FXIMP310A1						~~0.00~~	0.00
	FXIMP310C1						~~0.00~~	0.00
	FXIMP310D1						~~0.00~~	0.00
	FXIMP310E1						~~0.00~~	0.00
	FXIMP310F1						~~0.00~~	0.00
	FXIMP310H1						~~0.00~~	0.00
	FXIMP310B1					~~0.00~~		0.00
	FXIMP310G1					~~0.00~~		0.00
				Page 26 of 26				© COPYRIGHT 2003 Deutsche Bank

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