8-K 1 imh04002_jul.txt JULY 8K 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): July 26, 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) ITEM 5. Other Events On July 26, 2004 a distribution was made to holders of IMPAC CMB TRUST SERIES 2004-2, Collateralized Asset-Backed Bonds, Series 2004-2 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Collateralized Asset-Backed Bonds, Series 2004-2 Trust, relating to the July 26, 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 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: 8/2/04 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 July 26, 2004 distribution. EX-99.1

Impac ~~CMB~~Assets ~~Trust~~Corp. ~~Collateralized~~Mortgage ~~Asset~~Pass-~~Backed~~Through ~~Bonds~~Certificates Record Date: 26/2930/~~2004~~04 Distribution Date: 37/2526/~~2004~~04 IMH Series: 2004-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 45254NGW1 SEN 1.~~35000~~56000% ~~714~~675,~~000~~267,~~000~~163.0047 ~~749~~907,~~700~~108.0091 116,~~377~~998,~~398~~790.2968 A-2 45254NGX9 SEN 1.~~34000~~55000% ~~130~~122,~~000~~947,~~000~~802.0087 ~~135~~164,~~488~~101.8917 ~~250~~3,~~786~~095,017.8091 A-3 45254NGY7 SEN 1.~~40000~~61000% 2523,~~000~~643,~~000~~808.0024 2732,~~222~~779.2251 48595,~~228~~195.2375 M-1 45254NGZ4 MEZ 1.~~57000~~78000% 4643,~~500~~977,~~000~~483.0034 5667,~~781~~407.6771 891,~~704~~107,064.5110 M-2 45254NHA8 MEZ 1.~~64000~~85000% 2019,~~500~~387,~~000~~922.0076 2630,~~148~~886.8904 39488,~~547~~060.1552 M-3 45254NHB6 MEZ 2.~~04000~~25000% 2321,~~000~~752,~~000~~303.0059 3642,~~493~~145.3309 44547,~~369~~580.9709 M-4 45254NHC4 MEZ 2.~~19000~~40000% 2726,~~500~~008,~~000~~189.0007 4653,~~841~~750.6726 53654,~~051~~715.0533 M-5 45254NHD2 MEZ 2.~~29000~~50000% 1312,~~500~~767,~~000~~656.0045 2427,~~045~~485.0093 26321,~~043~~405.2571 CERTS IMPACC042CE SUB 0.00000% 0.00 21,~~895~~989,~~103~~982.6022 0.00 Totals 1945,~~000~~752,~~000,000~~329.0079 3,~~997~~315,~~825~~646.2784 123,~~929~~807,~~129~~830.2509

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~712~~658,~~622~~268,~~601~~372.7179 217,~~127~~905,~~098~~899.2959 0.00 A-2 0.00 ~~129~~119,~~749~~852,~~213~~784.2096 ~~386~~3,~~275~~259,119.6908 0.00 A-3 0.00 2423,~~951~~048,~~771~~612.7749 75627,~~450~~975.4526 0.00 M-1 0.00 4642,~~410~~870,~~295~~419.4924 ~~146~~1,~~486~~174,471.1881 0.00 M-2 0.00 2018,~~460~~899,~~452~~862.8524 65518,~~696~~946.0456 0.00 M-3 0.00 2221,~~955~~204,~~630~~723.0349 80589,~~863~~725.3018 0.00 M-4 0.00 2725,~~446~~353,~~948~~473.9574 99708,~~892~~465.7259 0.00 M-5 0.00 1312,~~473~~446,~~956~~250.75 50348,~~088~~891.2564 0.00 CERTS 0.00 0.00 21,~~895~~989,~~103~~982.6022 0.00 Totals 0.00 ~~998~~921,~~070~~944,~~870~~499.7570 527,~~926~~123,~~954~~476.5293 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 714,000,000.00 ~~714~~675,~~000~~267,~~000~~163.0047 0.00 116,~~377~~998,~~398~~790.2968 0.00 0.00 A-2 130,000,000.00 ~~130~~122,~~000~~947,~~000~~802.0087 0.00 ~~250~~3,~~786~~095,017.8091 0.00 0.00 A-3 25,000,000.00 2523,~~000~~643,~~000~~808.0024 0.00 48595,~~228~~195.2375 0.00 0.00 M-1 46,500,000.00 4643,~~500~~977,~~000~~483.0034 0.00 891,~~704~~107,064.5110 0.00 0.00 M-2 20,500,000.00 2019,~~500~~387,~~000~~922.0076 0.00 39488,~~547~~060.1552 0.00 0.00 M-3 23,000,000.00 2321,~~000~~752,~~000~~303.0059 0.00 44547,~~369~~580.9709 0.00 0.00 M-4 27,500,000.00 2726,~~500~~008,~~000~~189.0007 0.00 53654,~~051~~715.0533 0.00 0.00 M-5 13,500,000.00 1312,~~500~~767,~~000~~656.0045 0.00 26321,~~043~~405.2571 0.00 0.00 CERTS 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 1945,~~000~~752,~~000,000~~329.0079 0.00 123,~~929~~807,~~129~~830.2509 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-1 116,~~377~~998,~~398~~790.2968 ~~712~~658,~~622~~268,~~601~~372.7179 0.~~99807087~~92194450 116,~~377~~998,~~398~~790.2968 A-2 ~~250~~3,~~786~~095,017.8091 ~~129~~119,~~749~~852,~~213~~784.2096 0.~~99807087~~92194450 ~~250~~3,~~786~~095,017.8091 A-3 48595,~~228~~195.2375 2423,~~951~~048,~~771~~612.7749 0.~~99807087~~92194450 48595,~~228~~195.2375 M-1 891,~~704~~107,064.5110 4642,~~410~~870,~~295~~419.4924 0.~~99807087~~92194450 891,~~704~~107,064.5110 M-2 39488,~~547~~060.1552 2018,~~460~~899,~~452~~862.8524 0.~~99807087~~92194450 39488,~~547~~060.1552 M-3 44547,~~369~~580.9709 2221,~~955~~204,~~630~~723.0349 0.~~99807087~~92194450 44547,~~369~~580.9709 M-4 53654,~~051~~715.0533 2725,~~446~~353,~~948~~473.9574 0.~~99807087~~92194450 53654,~~051~~715.0533 M-5 26321,~~043~~405.2571 1312,~~473~~446,~~956~~250.75 0.~~99807087~~92194450 26321,~~043~~405.2571 CERTS 0.00 0.00 0.00000000 0.00 Totals 123,~~929~~807,~~129~~830.2509 ~~998~~921,~~070~~944,~~870~~499.7570 0.~~99807087~~92194450 123,~~929~~807,~~129~~830.2509

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 714,000,000.00 ~~1000~~945.~~00000000~~75232979 0.00000000 123.~~92912926~~80783008 0.00000000 A-2 130,000,000.00 ~~1000~~945.~~00000000~~75232977 0.00000000 123.~~92912923~~80783008 0.00000000 A-3 25,000,000.00 ~~1000~~945.~~00000000~~75232960 0.00000000 123.~~92912920~~80783000 0.00000000 M-1 46,500,000.00 ~~1000~~945.~~00000000~~75232989 0.00000000 123.~~92912925~~80783011 0.00000000 M-2 20,500,000.00 ~~1000~~945.~~00000000~~75232976 0.00000000 123.~~92912927~~80783024 0.00000000 M-3 23,000,000.00 ~~1000~~945.~~00000000~~75233000 0.00000000 123.~~92912913~~80783000 0.00000000 M-4 27,500,000.00 ~~1000~~945.~~00000000~~75232982 0.00000000 123.~~92912909~~80783018 0.00000000 M-5 13,500,000.00 ~~1000~~945.~~00000000~~75232963 0.00000000 123.~~92912963~~80783037 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 123.~~92912926~~80783008 ~~998~~921.~~07087074~~94449971 0.~~99807087~~92194450 123.~~92912926~~80783008 A-2 0.00000000 123.~~92912923~~80783008 ~~998~~921.~~07087077~~94449969 0.~~99807087~~92194450 123.~~92912923~~80783008 A-3 0.00000000 123.~~92912920~~80783000 ~~998~~921.~~07087080~~94449960 0.~~99807087~~92194450 123.~~92912920~~80783000 M-1 0.00000000 123.~~92912925~~80783011 ~~998~~921.~~07087075~~94449978 0.~~99807087~~92194450 123.~~92912925~~80783011 M-2 0.00000000 123.~~92912927~~80783024 ~~998~~921.~~07087073~~94449951 0.~~99807087~~92194450 123.~~92912927~~80783024 M-3 0.00000000 123.~~92912913~~80783000 ~~998~~921.~~07087087~~94449957 0.~~99807087~~92194450 123.~~92912913~~80783000 M-4 0.00000000 123.~~92912909~~80783018 ~~998~~921.~~07087091~~94449964 0.~~99807087~~92194450 123.~~92912909~~80783018 M-5 0.00000000 123.~~92912963~~80783037 ~~998~~921.~~07087037~~94450000 0.~~99807087~~92194450 123.~~92912963~~80783037 CERTS 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 714,000,000.00 1.~~35000~~56000% ~~714~~675,~~000~~267,~~000~~163.0047 ~~749~~907,~~700~~108.0089 0.00 0.00 A-2 130,000,000.00 1.~~34000~~55000% ~~130~~122,~~000~~947,~~000~~802.0087 ~~135~~164,~~488~~101.8916 0.00 0.00 A-3 25,000,000.00 1.~~40000~~61000% 2523,~~000~~643,~~000~~808.0024 2732,~~222~~779.2251 0.00 0.00 M-1 46,500,000.00 1.~~57000~~78000% 4643,~~500~~977,~~000~~483.0034 5667,~~781~~407.6771 0.00 0.00 M-2 20,500,000.00 1.~~64000~~85000% 2019,~~500~~387,~~000~~922.0076 2630,~~148~~886.8904 0.00 0.00 M-3 23,000,000.00 2.~~04000~~25000% 2321,~~000~~752,~~000~~303.0059 3642,~~493~~145.3309 0.00 0.00 M-4 27,500,000.00 2.~~19000~~40000% 2726,~~500~~008,~~000~~189.0007 4653,~~841~~750.6726 0.00 0.00 M-5 13,500,000.00 2.~~29000~~50000% 1312,~~500~~767,~~000~~656.0045 2427,~~045~~485.0093 0.00 0.00 CERTS 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 1,~~102~~325,~~721~~664.6759 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 (0.0002) 0.00 ~~749~~907,~~700~~108.0091 0.00 ~~712~~658,~~622~~268,~~601~~372.7179 A-2 0.00 0.00 ~~135~~164,~~488~~101.8917 0.00 ~~129~~119,~~749~~852,~~213~~784.2096 A-3 0.00 0.00 2732,~~222~~779.2251 0.00 2423,~~951~~048,~~771~~612.7749 M-1 0.00 0.00 5667,~~781~~407.6771 0.00 4642,~~410~~870,~~295~~419.4924 M-2 0.00 0.00 2630,~~148~~886.8904 0.00 2018,~~460~~899,~~452~~862.8524 M-3 0.00 0.00 3642,~~493~~145.3309 0.00 2221,~~955~~204,~~630~~723.0349 M-4 0.00 0.00 4653,~~841~~750.6726 0.00 2725,~~446~~353,~~948~~473.9574 M-5 0.00 0.00 2427,~~045~~485.0093 0.00 1312,~~473~~446,~~956~~250.75 CERTS 0.00 0.00 21,~~895~~989,~~103~~982.6022 0.00 0.00 Totals (0.0002) 0.00 3,~~997~~315,~~825~~646.2784 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 714,000,000.00 1.~~35000~~56000% ~~1000~~945.~~00000000~~75232979 1.~~05000000~~27046063 0.00000000 0.00000000 A-2 130,000,000.00 1.~~34000~~55000% ~~1000~~945.~~00000000~~75232977 1.~~04222223~~26231662 0.00000000 0.00000000 A-3 25,000,000.00 1.~~40000~~61000% ~~1000~~945.~~00000000~~75232960 1.~~08888880~~31118040 0.00000000 0.00000000 M-1 46,500,000.00 1.~~57000~~78000% ~~1000~~945.~~00000000~~75232989 1.~~22111118~~44962817 0.00000000 0.00000000 M-2 20,500,000.00 1.~~64000~~85000% ~~1000~~945.~~00000000~~75232976 1.~~27555561~~50663610 0.00000000 0.00000000 M-3 23,000,000.00 2.~~04000~~25000% ~~1000~~945.~~00000000~~75233000 1.~~58666652~~83239522 0.00000000 0.00000000 M-4 27,500,000.00 2.~~19000~~40000% ~~1000~~945.~~00000000~~75232982 1.~~70333345~~95455491 0.00000000 0.00000000 M-5 13,500,000.00 2.~~29000~~50000% ~~1000~~945.~~00000000~~75232963 12.~~78111111~~03599481 0.00000000 0.00000000 CERTS 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 Denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 (0.~~00000000~~00000003) 0.00000000 1.~~05000000~~27046066 0.00000000 ~~998~~921.~~07087074~~94449971 A-2 0.00000000 0.00000000 1.~~04222223~~26231669 0.00000000 ~~998~~921.~~07087077~~94449969 A-3 0.00000000 0.00000000 1.~~08888880~~31118040 0.00000000 ~~998~~921.~~07087080~~94449960 M-1 0.00000000 0.00000000 1.~~22111118~~44962817 0.00000000 ~~998~~921.~~07087075~~94449978 M-2 0.00000000 0.00000000 1.~~27555561~~50663610 0.00000000 ~~998~~921.~~07087073~~94449951 M-3 0.00000000 0.00000000 1.~~58666652~~83239522 0.00000000 ~~998~~921.~~07087087~~94449957 M-4 0.00000000 0.00000000 1.~~70333345~~95455491 0.00000000 ~~998~~921.~~07087091~~94449964 M-5 0.00000000 0.00000000 12.~~78111111~~03599481 0.00000000 ~~998~~921.~~07087037~~94450000 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 627,~~317~~491,~~412~~242.6493 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 627,~~317~~491,~~412~~242.6493 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~390~~367,~~458~~766.1200 Payment of Interest and Principal 527,~~926~~123,~~954~~476.5293 Total Withdrawals (Pool Distribution Amount) 627,~~317~~491,~~412~~242.6493 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~312~~295,~~826~~875.3897 LPMI Fee 4944,~~131~~936.6216 Master Servicing Fee 2523,~~000~~643.1282 Owner Trustee Fee 1,~~416~~339.6877 Wells Fargo Bank, NA 21,~~083~~970.3228 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~390~~367,~~458~~766.1200

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 01 0 0 01 0323,799.0085 0.00 0.00 0323,799.0085 30 Days 08 0 0 0 08 01,666,867.0099 0.00 0.00 0.00 01,666,867.0099 60 Days 08 0 0 0 08 01,443,126.0023 0.00 0.00 0.00 01,443,126.0023 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 016 01 0 0 017 03,109,994.0022 0323,799.0085 0.00 0.00 03,433,794.0007 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.~~000000~~028369% 0.000000% 0.000000% 0.~~000000~~028369% 0.~~000000~~035121% 0.000000% 0.000000% 0.~~000000~~035121% 30 Days 0.~~000000~~226950% 0.000000% 0.000000% 0.000000% 0.~~000000~~226950% 0.~~000000~~180799% 0.000000% 0.000000% 0.000000% 0.~~000000~~180799% 60 Days 0.~~000000~~226950% 0.000000% 0.000000% 0.000000% 0.~~000000~~226950% 0.~~000000~~156531% 0.000000% 0.000000% 0.000000% 0.~~000000~~156531% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~000000~~453901% 0.~~000000~~028369% 0.000000% 0.000000% 0.~~000000~~482270% 0.~~000000~~337330% 0.~~000000~~035121% 0.000000% 0.000000% 0.~~000000~~372451%

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~649878~~598583% Weighted Average Net Coupon 5.~~274487~~223167% Weighted Average Pass-Through Rate 5.~~181398~~131950% Weighted Average Maturity(Stepdown Calculation ) ~~358~~354 Beginning Scheduled Collateral Loan Count 3,~~791~~611 Number Of Loans Paid In Full 486 Ending Scheduled Collateral Loan Count 3,~~787~~525 Beginning Scheduled Collateral Balance 1945,~~000~~752,~~000,000~~329.0079 Ending Scheduled Collateral Balance ~~998~~921,~~070~~944,~~870~~499.7470 Ending Actual Collateral Balance at 2930-~~Feb~~Jun-2004 ~~998~~921,~~070~~944,~~870~~499.7470 Monthly P &I Constant 54,~~041~~832,~~879~~459.5260 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~998~~921,~~070~~944,~~870~~499.7470 Scheduled Principal ~~333~~420,~~647~~065.5831 Unscheduled Principal 123,~~595~~387,~~481~~764.6878

~~Miscellaneous~~Gross ~~Reporting~~Collateral ~~Overcollateralization~~Interest ~~Target Amount 0.00 Overcollateralized Amount 0.00 Overcollateralization Release Amount 0.00 Net Monthly Excess Cash 2~~4,~~895~~412,~~103~~394.~~60 Overcollateralization Increase Amount 0.00 Net Derivative Contract Payment Amount 320,006.32~~29

Filing Compare · IMPAC CMB TRUST SERIES 2004-2