8-K 1 imh04002_aug.txt AUGUST 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 25, 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 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2004 a distribution was made to holders of IMPAC CMB TRUST SERIES 2004-2, Collateralized Asset-Backed Bonds, Series 2004-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Collateralized Asset-Backed Bonds, Series 2004-2 Trust, relating to the August 25, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IMPAC CMB TRUST SERIES 2004-2 Collateralized Asset-Backed Bonds, Series 2004-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Indenture Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 9/1/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Collateralized Asset-Backed Bonds, Series 2004-2 Trust, relating to the August 25, 2004 distribution. EX-99.1

Impac Assets Corp. Mortgage Pass-Through Certificates Record Date: 67/3031/042004 Distribution Date: 78/2625/042004 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.~~56000~~71000% ~~675~~658,~~267~~268,~~163~~372.4779 ~~907~~938,~~108~~032.9144 1618,~~998~~355,~~790~~209.6833 A-2 45254NGX9 SEN 1.~~55000~~70000% ~~122~~119,~~947~~852,~~802~~784.8796 ~~164~~169,~~101~~791.1745 3,~~095~~341,~~017~~984.9189 A-3 45254NGY7 SEN 1.~~61000~~76000% 23,~~643~~048,~~808~~612.2449 3233,~~779~~804.5163 ~~595~~642,~~195~~689.7540 M-1 45254NGZ4 MEZ 1.~~78000~~93000% 4342,~~977~~870,~~483~~419.3424 6768,~~407~~949.7192 1,~~107~~195,~~064~~402.1029 M-2 45254NHA8 MEZ 12.~~85000~~00000% 1918,~~387~~899,~~922~~862.7624 3031,~~886~~499.0477 ~~488~~527,~~060~~005.5231 M-3 45254NHB6 MEZ 2.~~25000~~40000% 21,~~752~~204,~~303~~723.5949 42,~~145~~409.0945 ~~547~~591,~~580~~274.0925 M-4 45254NHC4 MEZ 2.~~40000~~55000% 2625,~~008~~353,~~189~~473.0774 53,~~750~~876.2613 ~~654~~706,~~715~~958.3334 M-5 45254NHD2 MEZ 2.~~50000~~65000% 12,~~767~~446,~~656~~250.4575 27,485.9347 ~~321~~347,~~405~~052.7128 CERTS IMPACC042CE SUB 0.00000% 0.00 1,~~989~~965,~~982~~073.2252 0.00 Totals ~~945~~921,~~752~~944,~~329~~499.7970 3,~~315~~330,~~646~~922.8478 2325,~~807~~707,~~830~~576.09

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~658~~639,~~268~~913,~~372~~163.7946 1719,~~905~~293,~~899~~241.5977 0.00 A-2 0.00 ~~119~~116,~~852~~510,~~784~~800.9607 3,~~259~~511,~~119~~776.0834 0.00 A-3 0.00 2322,~~048~~405,~~612~~923.4909 ~~627~~676,~~975~~494.2603 0.00 M-1 0.00 4241,~~870~~675,~~419~~016.2495 1,~~174~~264,~~471~~352.8121 0.00 M-2 0.00 18,~~899~~372,~~862~~856.2493 ~~518~~558,~~946~~505.5608 0.00 M-3 0.00 2120,~~204~~613,~~723~~449.4924 ~~589~~633,~~725~~683.1870 0.00 M-4 0.00 2524,~~353~~646,~~473~~515.7440 ~~708~~760,~~465~~834.5947 0.00 M-5 0.00 12,~~446~~099,~~250~~198.7547 ~~348~~374,~~891~~537.6475 0.00 CERTS 0.00 0.00 1,~~989~~965,~~982~~073.2252 0.00 Totals 0.00 ~~921~~896,~~944~~236,~~499~~923.7061 2729,~~123~~038,~~476~~498.9387 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 ~~675~~658,~~267~~268,~~163~~372.4779 0.00 1618,~~998~~355,~~790~~209.6833 0.00 0.00 A-2 130,000,000.00 ~~122~~119,~~947~~852,~~802~~784.8796 0.00 3,~~095~~341,~~017~~984.9189 0.00 0.00 A-3 25,000,000.00 23,~~643~~048,~~808~~612.2449 0.00 ~~595~~642,~~195~~689.7540 0.00 0.00 M-1 46,500,000.00 4342,~~977~~870,~~483~~419.3424 0.00 1,~~107~~195,~~064~~402.1029 0.00 0.00 M-2 20,500,000.00 1918,~~387~~899,~~922~~862.7624 0.00 ~~488~~527,~~060~~005.5231 0.00 0.00 M-3 23,000,000.00 21,~~752~~204,~~303~~723.5949 0.00 ~~547~~591,~~580~~274.0925 0.00 0.00 M-4 27,500,000.00 2625,~~008~~353,~~189~~473.0774 0.00 ~~654~~706,~~715~~958.3334 0.00 0.00 M-5 13,500,000.00 12,~~767~~446,~~656~~250.4575 0.00 ~~321~~347,~~405~~052.7128 0.00 0.00 CERTS 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 ~~945~~921,~~752~~944,~~329~~499.7970 0.00 2325,~~807~~707,~~830~~576.09 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 1618,~~998~~355,~~790~~209.6833 ~~658~~639,~~268~~913,~~372~~163.7946 0.~~92194450~~89623692 1618,~~998~~355,~~790~~209.6833 A-2 3,~~095~~341,~~017~~984.9189 ~~119~~116,~~852~~510,~~784~~800.9607 0.~~92194450~~89623692 3,~~095~~341,~~017~~984.9189 A-3 ~~595~~642,~~195~~689.7540 2322,~~048~~405,~~612~~923.4909 0.~~92194450~~89623692 ~~595~~642,~~195~~689.7540 M-1 1,~~107~~195,~~064~~402.1029 4241,~~870~~675,~~419~~016.2495 0.~~92194450~~89623692 1,~~107~~195,~~064~~402.1029 M-2 ~~488~~527,~~060~~005.5231 18,~~899~~372,~~862~~856.2493 0.~~92194450~~89623692 ~~488~~527,~~060~~005.5231 M-3 ~~547~~591,~~580~~274.0925 2120,~~204~~613,~~723~~449.4924 0.~~92194450~~89623692 ~~547~~591,~~580~~274.0925 M-4 ~~654~~706,~~715~~958.3334 2524,~~353~~646,~~473~~515.7440 0.~~92194450~~89623692 ~~654~~706,~~715~~958.3334 M-5 ~~321~~347,~~405~~052.7128 12,~~446~~099,~~250~~198.7547 0.~~92194450~~89623692 ~~321~~347,~~405~~052.7128 CERTS 0.00 0.00 0.00000000 0.00 Totals 2325,~~807~~707,~~830~~576.09 ~~921~~896,~~944~~236,~~499~~923.7061 0.~~92194450~~89623692 2325,~~807~~707,~~830~~576.09

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 ~~945~~921.~~75232979~~94449971 0.00000000 2325.~~80783008~~70757609 0.00000000 A-2 130,000,000.00 ~~945~~921.~~75232977~~94449969 0.00000000 2325.~~80783008~~70757608 0.00000000 A-3 25,000,000.00 ~~945~~921.~~75232960~~94449960 0.00000000 2325.~~80783000~~70757600 0.00000000 M-1 46,500,000.00 ~~945~~921.~~75232989~~94449978 0.00000000 2325.~~80783011~~70757613 0.00000000 M-2 20,500,000.00 ~~945~~921.~~75232976~~94449951 0.00000000 2325.~~80783024~~70757610 0.00000000 M-3 23,000,000.00 ~~945~~921.~~75233000~~94449957 0.00000000 2325.~~80783000~~70757609 0.00000000 M-4 27,500,000.00 ~~945~~921.~~75232982~~94449964 0.00000000 2325.~~80783018~~70757600 0.00000000 M-5 13,500,000.00 ~~945~~921.~~75232963~~94450000 0.00000000 2325.~~80783037~~70757630 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 2325.~~80783008~~70757609 ~~921~~896.~~94449971~~23692361 0.~~92194450~~89623692 2325.~~80783008~~70757609 A-2 0.00000000 2325.~~80783008~~70757608 ~~921~~896.~~94449969~~23692362 0.~~92194450~~89623692 2325.~~80783008~~70757608 A-3 0.00000000 2325.~~80783000~~70757600 ~~921~~896.~~94449960~~23692360 0.~~92194450~~89623692 2325.~~80783000~~70757600 M-1 0.00000000 2325.~~80783011~~70757613 ~~921~~896.~~94449978~~23692366 0.~~92194450~~89623692 2325.~~80783011~~70757613 M-2 0.00000000 2325.~~80783024~~70757610 ~~921~~896.~~94449951~~23692341 0.~~92194450~~89623692 2325.~~80783024~~70757610 M-3 0.00000000 2325.~~80783000~~70757609 ~~921~~896.~~94449957~~23692348 0.~~92194450~~89623692 2325.~~80783000~~70757609 M-4 0.00000000 2325.~~80783018~~70757600 ~~921~~896.~~94449964~~23692364 0.~~92194450~~89623692 2325.~~80783018~~70757600 M-5 0.00000000 2325.~~80783037~~70757630 ~~921~~896.~~94450000~~23692370 0.~~92194450~~89623692 2325.~~80783037~~70757630 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.~~56000~~71000% ~~675~~658,~~267~~268,~~163~~372.4779 ~~907~~938,~~108~~032.8943 0.00 0.00 A-2 130,000,000.00 1.~~55000~~70000% ~~122~~119,~~947~~852,~~802~~784.8796 ~~164~~169,~~101~~791.1645 0.00 0.00 A-3 25,000,000.00 1.~~61000~~76000% 23,~~643~~048,~~808~~612.2449 3233,~~779~~804.5163 0.00 0.00 M-1 46,500,000.00 1.~~78000~~93000% 4342,~~977~~870,~~483~~419.3424 6768,~~407~~949.7192 0.00 0.00 M-2 20,500,000.00 12.~~85000~~00000% 1918,~~387~~899,~~922~~862.7624 3031,~~886~~499.0477 0.00 0.00 M-3 23,000,000.00 2.~~25000~~40000% 21,~~752~~204,~~303~~723.5949 42,~~145~~409.0945 0.00 0.00 M-4 27,500,000.00 2.~~40000~~55000% 2625,~~008~~353,~~189~~473.0774 53,~~750~~876.2613 0.00 0.00 M-5 13,500,000.00 2.~~50000~~65000% 12,~~767~~446,~~656~~250.4575 27,485.9347 0.00 0.00 CERTS 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 1,~~325~~365,~~664~~849.5925 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 (0.0201) 0.00 ~~907~~938,~~108~~032.9144 0.00 ~~658~~639,~~268~~913,~~372~~163.7946 A-2 0.00 0.00 ~~164~~169,~~101~~791.1745 0.00 ~~119~~116,~~852~~510,~~784~~800.9607 A-3 0.00 0.00 3233,~~779~~804.5163 0.00 2322,~~048~~405,~~612~~923.4909 M-1 0.00 0.00 6768,~~407~~949.7192 0.00 4241,~~870~~675,~~419~~016.2495 M-2 0.00 0.00 3031,~~886~~499.0477 0.00 18,~~899~~372,~~862~~856.2493 M-3 0.00 0.00 42,~~145~~409.0945 0.00 2120,~~204~~613,~~723~~449.4924 M-4 0.00 0.00 53,~~750~~876.2613 0.00 2524,~~353~~646,~~473~~515.7440 M-5 0.00 0.00 27,485.9347 0.00 12,~~446~~099,~~250~~198.7547 CERTS 0.00 0.00 1,~~989~~965,~~982~~073.2252 0.00 0.00 Totals (0.0201) 0.00 3,~~315~~330,~~646~~922.8478 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.~~56000~~71000% ~~945~~921.~~75232979~~94449971 1.~~27046063~~31377091 0.00000000 0.00000000 A-2 130,000,000.00 1.~~55000~~70000% ~~945~~921.~~75232977~~94449969 1.~~26231662~~30608808 0.00000000 0.00000000 A-3 25,000,000.00 1.~~61000~~76000% ~~945~~921.~~75232960~~94449960 1.~~31118040~~35218520 0.00000000 0.00000000 M-1 46,500,000.00 1.~~78000~~93000% ~~945~~921.~~75232989~~94449978 1.~~44962817~~48279398 0.00000000 0.00000000 M-2 20,500,000.00 12.~~85000~~00000% ~~945~~921.~~75232976~~94449951 1.~~50663610~~53657415 0.00000000 0.00000000 M-3 23,000,000.00 2.~~25000~~40000% ~~945~~921.~~75233000~~94449957 1.~~83239522~~84388913 0.00000000 0.00000000 M-4 27,500,000.00 2.~~40000~~55000% ~~945~~921.~~75232982~~94449964 1.~~95455491~~95913200 0.00000000 0.00000000 M-5 13,500,000.00 2.~~50000~~65000% ~~945~~921.~~75232963~~94450000 2.~~03599481~~03596074 0.00000000 0.00000000 CERTS 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 Denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 (0.~~00000003~~00000001) 0.00000000 1.~~27046066~~31377092 0.00000000 ~~921~~896.~~94449971~~23692361 A-2 0.00000000 0.00000000 1.~~26231669~~30608808 0.00000000 ~~921~~896.~~94449969~~23692362 A-3 0.00000000 0.00000000 1.~~31118040~~35218520 0.00000000 ~~921~~896.~~94449960~~23692360 M-1 0.00000000 0.00000000 1.~~44962817~~48279398 0.00000000 ~~921~~896.~~94449978~~23692366 M-2 0.00000000 0.00000000 1.~~50663610~~53657415 0.00000000 ~~921~~896.~~94449951~~23692341 M-3 0.00000000 0.00000000 1.~~83239522~~84388913 0.00000000 ~~921~~896.~~94449957~~23692348 M-4 0.00000000 0.00000000 1.~~95455491~~95913200 0.00000000 ~~921~~896.~~94449964~~23692364 M-5 0.00000000 0.00000000 2.~~03599481~~03596074 0.00000000 ~~921~~896.~~94450000~~23692370 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 2729,~~491~~396,~~242~~740.9353 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 2729,~~491~~396,~~242~~740.9353 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~367~~358,~~766~~241.0066 Payment of Interest and Principal 2729,~~123~~038,~~476~~498.9387 Total Withdrawals (Pool Distribution Amount) 2729,~~491~~396,~~242~~740.9353 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~295~~288,~~875~~435.9773 LPMI Fee 4443,~~936~~530.1647 Master Servicing Fee 23,~~643~~048.8269 Owner Trustee Fee 1,~~339~~306.7703 Wells Fargo Bank, NA 1,~~970~~920.2874 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~367~~358,~~766~~241.0066

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 323,~~799~~479.8507 0.00 0.00 323,~~799~~479.8507 30 Days 810 0 01 0 811 13,~~666~~138,~~867~~772.9931 0.00 0185,142.0042 0.00 13,~~666~~323,~~867~~914.9973 60 Days 81 0 05 0 86 183,~~443,126~~382.2337 0.00 01,134,846.0014 0.00 1,~~443~~218,~~126~~228.2351 90 Days 0 01 04 0 05 0.00 0132,800.00 0595,969.0058 0.00 0728,769.0058 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 1611 12 010 0 1723 3,~~109~~222,~~994~~154.2268 ~~323~~456,~~799~~279.8507 01,915,958.0014 0.00 35,~~433~~594,~~794~~391.0789 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.~~028369~~029155% 0.000000% 0.000000% 0.~~028369~~029155% 0.~~035121~~036093% 0.000000% 0.000000% 0.~~035121~~036093% 30 Days 0.~~226950~~291545% 0.000000% 0.~~000000~~029155% 0.000000% 0.~~226950~~320700% 0.~~180799~~350217% 0.000000% 0.~~000000~~020658% 0.000000% 0.~~180799~~370875% 60 Days 0.~~226950~~029155% 0.000000% 0.~~000000~~145773% 0.000000% 0.~~226950~~174927% 0.~~156531~~009304% 0.000000% 0.~~000000~~126623% 0.000000% 0.~~156531~~135927% 90 Days 0.000000% 0.~~000000~~029155% 0.~~000000~~116618% 0.000000% 0.~~000000~~145773% 0.000000% 0.~~000000~~014818% 0.~~000000~~066497% 0.000000% 0.~~000000~~081314% 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.~~453901~~320700% 0.~~028369~~058309% 0.~~000000~~291545% 0.000000% 0.~~482270~~670554% 0.~~337330~~359520% 0.~~035121~~050911% 0.~~000000~~213778% 0.000000% 0.~~372451~~624209%

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~598583~~553333% Weighted Average Net Coupon 5.~~223167~~177906% Weighted Average Pass-Through Rate 5.~~131950~~087046% Weighted Average Maturity(Stepdown Calculation ) ~~354~~353 Beginning Scheduled Collateral Loan Count 3,~~611~~525 Number Of Loans Paid In Full 8695 Ending Scheduled Collateral Loan Count 3,~~525~~430 Beginning Scheduled Collateral Balance ~~945~~921,~~752~~944,~~329~~499.7970 Ending Scheduled Collateral Balance ~~921~~896,~~944~~236,~~499~~923.7061 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2004 ~~921~~896,~~944~~236,~~499~~923.7061 Monthly P &I Constant 4,~~832~~703,~~459~~183.6040 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 ~~921~~896,~~944~~236,~~499~~923.7061 Scheduled Principal ~~420~~436,~~065~~629.3168 Unscheduled Principal 2325,~~387~~270,~~764~~946.7841

Gross Collateral Interest 4,~~412~~266,~~394~~553.2972

Miscellaneous Reporting Overcollateralization Target Amount 0.00 Overcollateralized Amount 0.00 Overcollateralization Release Amount 0.00 Overcollateralization Increase Amount 0.00 Net Monthly Excess Cash 1,~~989~~965,~~982~~073.2252 ~~Overcollateralization Increase Amount 0.00~~ Net Derivative Contract Payment Amount ~~728~~577,~~980~~388.0800

Filing Compare · IMPAC CMB TRUST SERIES 2004-2