8-K 1 imh04002_sep.txt SEPTEMBER 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 27, 2004 IMPAC CMB TRUST SERIES 2004-2 Collateralized Asset-Backed Bonds, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-109503-04 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 27, 2004 a distribution was made to holders of IMPAC CMB TRUST SERIES 2004-2, Collateralized Asset-Backed Bonds, Series 2004-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Collateralized Asset-Backed Bonds, Series 2004-2 Trust, relating to the September 27, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IMPAC CMB TRUST SERIES 2004-2 Collateralized Asset-Backed Bonds, Series 2004-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Indenture Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 9/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Collateralized Asset-Backed Bonds, Series 2004-2 Trust, relating to the September 27, 2004 distribution. EX-99.1

Impac Assets Corp. Mortgage Pass-Through Certificates Record Date: 78/31/2004 Distribution Date: 89/2527/2004 IMH Series: 2004-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 45254NGW1 SEN 1.~~71000~~87500% ~~658~~639,~~268~~913,~~372~~163.7946 ~~938~~1,~~032~~099,850.4477 1821,~~355~~533,~~209~~532.3356 A-2 45254NGX9 SEN 1.~~70000~~86500% ~~119~~116,~~852~~510,~~784~~800.9607 ~~169~~199,~~791~~184.4593 3,~~341~~920,~~984~~671.8920 A-3 45254NGY7 SEN 1.~~76000~~92500% 2322,~~048~~405,~~612~~923.4909 3339,~~804~~537.6312 ~~642~~753,~~689~~975.4023 M-1 45254NGZ4 MEZ 12.~~93000~~09500% 4241,~~870~~675,~~419~~016.2495 6880,~~949~~033.9240 1,~~195,~~402,393.2993 M-2 45254NHA8 MEZ 2.~~00000~~16500% 18,~~899~~372,~~862~~856.2493 3136,~~499~~462.7747 ~~527~~618,~~005~~259.3169 M-3 45254NHB6 MEZ 2.~~40000~~56500% 2120,~~204~~613,~~723~~449.4924 4248,~~409~~467.4537 ~~591~~693,~~274~~657.2521 M-4 45254NHC4 MEZ 2.~~55000~~71500% 2524,~~353~~646,~~473~~515.7440 5361,~~876~~339.1302 ~~706~~829,~~958~~372.3475 M-5 45254NHD2 MEZ 2.~~65000~~81500% 12,~~446~~099,~~250~~198.7547 2731,~~485~~220.4797 ~~347~~407,~~052~~146.2862 CERTS IMPACC042CE SUB 0.00000% 0.00 ~~1,965,073~~0.5200 0.00 Totals ~~921~~896,~~944~~236,~~499~~923.7061 31,~~330~~596,~~922~~096.7805 2530,~~707~~159,~~576~~009.0919

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~639~~618,~~913~~379,~~163~~630.4689 1922,~~293~~633,~~241~~383.7733 0.00 A-2 0.00 ~~116~~112,~~510~~590,~~800~~128.0787 34,~~511~~119,~~776~~856.3413 0.00 A-3 0.00 2221,~~405~~651,~~923~~947.0986 ~~676~~793,~~494~~512.0335 0.00 M-1 0.00 4140,~~675~~272,~~016~~623.9502 1,~~264~~482,~~352~~427.2133 0.00 M-2 0.00 1817,~~372~~754,~~856~~597.9325 ~~558~~654,~~505~~722.0816 0.00 M-3 0.00 2019,~~613~~919,~~449~~792.2403 ~~633~~742,~~683~~124.7058 0.00 M-4 0.00 2423,~~646~~817,~~515~~142.4065 ~~760~~890,~~834~~711.4777 0.00 M-5 0.00 1211,~~099~~692,~~198~~051.4784 ~~374~~438,~~537~~367.7559 0.00 CERTS 0.00 0.00 ~~1,965,073~~0.5200 0.00 Totals 0.00 ~~896~~866,~~236~~077,~~923~~914.6141 2931,~~038~~755,~~498~~105.8724 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 ~~658~~639,~~268~~913,~~372~~163.7946 0.00 1821,~~355~~533,~~209~~532.3356 0.00 0.00 A-2 130,000,000.00 ~~119~~116,~~852~~510,~~784~~800.9607 0.00 3,~~341~~920,~~984~~671.8920 0.00 0.00 A-3 25,000,000.00 2322,~~048~~405,~~612~~923.4909 0.00 ~~642~~753,~~689~~975.4023 0.00 0.00 M-1 46,500,000.00 4241,~~870~~675,~~419~~016.2495 0.00 1,~~195,~~402,393.2993 0.00 0.00 M-2 20,500,000.00 18,~~899~~372,~~862~~856.2493 0.00 ~~527~~618,~~005~~259.3169 0.00 0.00 M-3 23,000,000.00 2120,~~204~~613,~~723~~449.4924 0.00 ~~591~~693,~~274~~657.2521 0.00 0.00 M-4 27,500,000.00 2524,~~353~~646,~~473~~515.7440 0.00 ~~706~~829,~~958~~372.3475 0.00 0.00 M-5 13,500,000.00 12,~~446~~099,~~250~~198.7547 0.00 ~~347~~407,~~052~~146.2862 0.00 0.00 CERTS 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 ~~921~~896,~~944~~236,~~499~~923.7061 0.00 2530,~~707~~159,~~576~~009.0919 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 1821,~~355~~533,~~209~~532.3356 ~~639~~618,~~913~~379,~~163~~630.4689 0.~~89623692~~86607791 1821,~~355~~533,~~209~~532.3356 A-2 3,~~341~~920,~~984~~671.8920 ~~116~~112,~~510~~590,~~800~~128.0787 0.~~89623692~~86607791 3,~~341~~920,~~984~~671.8920 A-3 ~~642~~753,~~689~~975.4023 2221,~~405~~651,~~923~~947.0986 0.~~89623692~~86607791 ~~642~~753,~~689~~975.4023 M-1 1,~~195,~~402,393.2993 4140,~~675~~272,~~016~~623.9502 0.~~89623692~~86607791 1,~~195,~~402,393.2993 M-2 ~~527~~618,~~005~~259.3169 1817,~~372~~754,~~856~~597.9325 0.~~89623692~~86607791 ~~527~~618,~~005~~259.3169 M-3 ~~591~~693,~~274~~657.2521 2019,~~613~~919,~~449~~792.2403 0.~~89623692~~86607791 ~~591~~693,~~274~~657.2521 M-4 ~~706~~829,~~958~~372.3475 2423,~~646~~817,~~515~~142.4065 0.~~89623692~~86607791 ~~706~~829,~~958~~372.3475 M-5 ~~347~~407,~~052~~146.2862 1211,~~099~~692,~~198~~051.4784 0.~~89623692~~86607791 ~~347~~407,~~052~~146.2862 CERTS 0.00 0.00 0.00000000 0.00 Totals 2530,~~707~~159,~~576~~009.0919 ~~896~~866,~~236~~077,~~923~~914.6141 0.~~89623692~~86607791 2530,~~707~~159,~~576~~009.0919

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 ~~921~~896.~~94449971~~23692361 0.00000000 2530.~~70757609~~15900919 0.00000000 A-2 130,000,000.00 ~~921~~896.~~94449969~~23692362 0.00000000 2530.~~70757608~~15900923 0.00000000 A-3 25,000,000.00 ~~921~~896.~~94449960~~23692360 0.00000000 2530.~~70757600~~15900920 0.00000000 M-1 46,500,000.00 ~~921~~896.~~94449978~~23692366 0.00000000 2530.~~70757613~~15900925 0.00000000 M-2 20,500,000.00 ~~921~~896.~~94449951~~23692341 0.00000000 2530.~~70757610~~15900927 0.00000000 M-3 23,000,000.00 ~~921~~896.~~94449957~~23692348 0.00000000 2530.~~70757609~~15900913 0.00000000 M-4 27,500,000.00 ~~921~~896.~~94449964~~23692364 0.00000000 2530.~~70757600~~15900909 0.00000000 M-5 13,500,000.00 ~~921~~896.~~94450000~~23692370 0.00000000 2530.~~70757630~~15900889 0.00000000 CERTS 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 Denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 2530.~~70757609~~15900919 ~~896~~866.~~23692361~~07791441 0.~~89623692~~86607791 2530.~~70757609~~15900919 A-2 0.00000000 2530.~~70757608~~15900923 ~~896~~866.~~23692362~~07791438 0.~~89623692~~86607791 2530.~~70757608~~15900923 A-3 0.00000000 2530.~~70757600~~15900920 ~~896~~866.~~23692360~~07791440 0.~~89623692~~86607791 2530.~~70757600~~15900920 M-1 0.00000000 2530.~~70757613~~15900925 ~~896~~866.~~23692366~~07791441 0.~~89623692~~86607791 2530.~~70757613~~15900925 M-2 0.00000000 2530.~~70757610~~15900927 ~~896~~866.~~23692341~~07791463 0.~~89623692~~86607791 2530.~~70757610~~15900927 M-3 0.00000000 2530.~~70757609~~15900913 ~~896~~866.~~23692348~~07791435 0.~~89623692~~86607791 2530.~~70757609~~15900913 M-4 0.00000000 2530.~~70757600~~15900909 ~~896~~866.~~23692364~~07791455 0.~~89623692~~86607791 2530.~~70757600~~15900909 M-5 0.00000000 2530.~~70757630~~15900889 ~~896~~866.~~23692370~~07791407 0.~~89623692~~86607791 2530.~~70757630~~15900889 CERTS 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 714,000,000.00 1.~~71000~~87500% ~~658~~639,~~268~~913,~~372~~163.7946 ~~938~~1,~~032~~099,850.4375 0.00 0.00 A-2 130,000,000.00 1.~~70000~~86500% ~~119~~116,~~852~~510,~~784~~800.9607 ~~169~~199,~~791~~184.4592 0.00 0.00 A-3 25,000,000.00 1.~~76000~~92500% 2322,~~048~~405,~~612~~923.4909 3339,~~804~~537.6312 0.00 0.00 M-1 46,500,000.00 12.~~93000~~09500% 4241,~~870~~675,~~419~~016.2495 6880,~~949~~033.9240 0.00 0.00 M-2 20,500,000.00 2.~~00000~~16500% 18,~~899~~372,~~862~~856.2493 3136,~~499~~462.7747 0.00 0.00 M-3 23,000,000.00 2.~~40000~~56500% 2120,~~204~~613,~~723~~449.4924 4248,~~409~~467.4537 0.00 0.00 M-4 27,500,000.00 2.~~55000~~71500% 2524,~~353~~646,~~473~~515.7440 5361,~~876~~339.1302 0.00 0.00 M-5 13,500,000.00 2.~~65000~~81500% 12,~~446~~099,~~250~~198.7547 2731,~~485~~220.4797 0.00 0.00 CERTS 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 1,~~365~~596,~~849~~096.2502 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 (0.0102) 0.00 ~~938~~1,~~032~~099,850.4477 0.00 ~~639~~618,~~913~~379,~~163~~630.4689 A-2 0.00 0.00 ~~169~~199,~~791~~184.4593 0.00 ~~116~~112,~~510~~590,~~800~~128.0787 A-3 0.00 0.00 3339,~~804~~537.6312 0.00 2221,~~405~~651,~~923~~947.0986 M-1 0.00 0.00 6880,~~949~~033.9240 0.00 4140,~~675~~272,~~016~~623.9502 M-2 0.00 0.00 3136,~~499~~462.7747 0.00 1817,~~372~~754,~~856~~597.9325 M-3 0.00 0.00 4248,~~409~~467.4537 0.00 2019,~~613~~919,~~449~~792.2403 M-4 0.00 0.00 5361,~~876~~339.1302 0.00 2423,~~646~~817,~~515~~142.4065 M-5 0.00 0.00 2731,~~485~~220.4797 0.00 1211,~~099~~692,~~198~~051.4784 CERTS 0.00 0.00 ~~1,965,073~~0.5200 0.00 0.00 Totals (0.0102) 0.00 31,~~330~~596,~~922~~096.7805 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.~~71000~~87500% ~~921~~896.~~94449971~~23692361 1.~~31377091~~54040721 0.00000000 0.00000000 A-2 130,000,000.00 1.~~70000~~86500% ~~921~~896.~~94449969~~23692362 1.~~30608808~~53219169 0.00000000 0.00000000 A-3 25,000,000.00 1.~~76000~~92500% ~~921~~896.~~94449960~~23692360 1.~~35218520~~58148480 0.00000000 0.00000000 M-1 46,500,000.00 12.~~93000~~09500% ~~921~~896.~~94449978~~23692366 1.~~48279398~~72114839 0.00000000 0.00000000 M-2 20,500,000.00 2.~~00000~~16500% ~~921~~896.~~94449951~~23692341 1.~~53657415~~77865707 0.00000000 0.00000000 M-3 23,000,000.00 2.~~40000~~56500% ~~921~~896.~~94449957~~23692348 12.~~84388913~~10727696 0.00000000 0.00000000 M-4 27,500,000.00 2.~~55000~~71500% ~~921~~896.~~94449964~~23692364 12.~~95913200~~23050982 0.00000000 0.00000000 M-5 13,500,000.00 2.~~65000~~81500% ~~921~~896.~~94450000~~23692370 2.~~03596074~~31266444 0.00000000 0.00000000 CERTS 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 Denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 (0.~~00000001~~00000003) 0.00000000 1.~~31377092~~54040724 0.00000000 ~~896~~866.~~23692361~~07791441 A-2 0.00000000 0.00000000 1.~~30608808~~53219177 0.00000000 ~~896~~866.~~23692362~~07791438 A-3 0.00000000 0.00000000 1.~~35218520~~58148480 0.00000000 ~~896~~866.~~23692360~~07791440 M-1 0.00000000 0.00000000 1.~~48279398~~72114839 0.00000000 ~~896~~866.~~23692366~~07791441 M-2 0.00000000 0.00000000 1.~~53657415~~77865707 0.00000000 ~~896~~866.~~23692341~~07791463 M-3 0.00000000 0.00000000 12.~~84388913~~10727696 0.00000000 ~~896~~866.~~23692348~~07791435 M-4 0.00000000 0.00000000 12.~~95913200~~23050982 0.00000000 ~~896~~866.~~23692364~~07791455 M-5 0.00000000 0.00000000 2.~~03596074~~31266444 0.00000000 ~~896~~866.~~23692370~~07791407 CERTS 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2932,~~396~~104,~~740~~025.5365 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 2932,~~396~~104,~~740~~025.5365 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~358~~348,~~241~~920.6641 Payment of Interest and Principal 2931,~~038~~755,~~498~~105.8724 Total Withdrawals (Pool Distribution Amount) 2932,~~396~~104,~~740~~025.5365 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~288~~280,~~435~~401.7386 LPMI Fee 4342,~~530~~975.4777 Master Servicing Fee 2322,~~048~~405.6998 Owner Trustee Fee 1,~~306~~269.0365 Wells Fargo Bank, NA 1,~~920~~867.7415 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~358~~348,~~241~~920.6641

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,~~479~~156.0762 0.00 0.00 323,~~479~~156.0762 30 Days 109 0 10 0 119 32,~~138~~046,~~772~~876.3195 0.00 ~~185,142~~0.4200 0.00 32,~~323~~046,~~914~~876.7395 60 Days 14 0 5 0 69 831,~~382~~581,324.3753 0.00 1,~~134~~265,~~846~~221.1416 0.00 12,~~218~~846,~~228~~545.5169 90 Days 01 1 45 0 57 0238,492.0097 132,800.00 ~~595~~978,~~969~~950.5823 0.00 ~~728~~1,~~769~~350,243.5820 120 Days 0 0 04 0 04 0.00 0.00 0595,535.0009 0.00 0595,535.0009 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 1114 2 1014 0 2330 3,~~222~~866,~~154~~694.6845 ~~456~~455,~~279~~956.0762 12,~~915~~839,~~958~~706.1448 0.00 57,~~594~~162,~~391~~357.8955 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.~~029155~~030003% 0.000000% 0.000000% 0.~~029155~~030003% 0.~~036093~~037242% 0.000000% 0.000000% 0.~~036093~~037242% 30 Days 0.~~291545~~270027% 0.000000% 0.~~029155~~000000% 0.000000% 0.~~320700~~270027% 0.~~350217~~235888% 0.000000% 0.~~020658~~000000% 0.000000% 0.~~370875~~235888% 60 Days 0.~~029155~~120012% 0.000000% 0.~~145773~~150015% 0.000000% 0.~~174927~~270027% 0.~~009304~~182237% 0.000000% 0.~~126623~~145808% 0.000000% 0.~~135927~~328045% 90 Days 0.~~000000~~030003% 0.~~029155~~030003% 0.~~116618~~150015% 0.000000% 0.~~145773~~210021% 0.~~000000~~027485% 0.~~014818~~015304% 0.~~066497~~112817% 0.000000% 0.~~081314~~155606% 120 Days 0.000000% 0.000000% 0.~~000000~~120012% 0.000000% 0.~~000000~~120012% 0.000000% 0.000000% 0.~~000000~~068631% 0.000000% 0.~~000000~~068631% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~320700~~420042% 0.~~058309~~060006% 0.~~291545~~420042% 0.000000% 0.~~670554~~900090% 0.~~359520~~445610% 0.~~050911~~052546% 0.~~213778~~327257% 0.000000% 0.~~624209~~825412%

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~553333~~542543% Weighted Average Net Coupon 5.~~177906~~167104% Weighted Average Pass-Through Rate 5.~~087046~~075362% Weighted Average Maturity(Stepdown Calculation ) ~~353~~352 Beginning Scheduled Collateral Loan Count 3,~~525~~430 Number Of Loans Paid In Full 9597 Ending Scheduled Collateral Loan Count 3,~~430~~333 Beginning Scheduled Collateral Balance ~~921~~896,~~944~~236,~~499~~923.7061 Ending Scheduled Collateral Balance ~~896~~867,~~236~~730,~~923~~764.6173 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2004 ~~896~~867,~~236~~730,~~923~~764.6173 Monthly P &I Constant 4,~~703~~545,~~183~~398.4041 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 ~~896~~867,~~236~~730,~~923~~764.6173 Scheduled Principal ~~436~~405,~~629~~872.6831 Unscheduled Principal 2528,~~270~~100,~~946~~286.4157

Gross Collateral Interest 4,~~266~~139,~~553~~526.7210

Miscellaneous Reporting Overcollateralization Target Amount 05,000,002.0009 Overcollateralized Amount 01,652,850.0031 Overcollateralization Release Amount 0.00 Overcollateralization Increase Amount 01,652,850.0031 Net Monthly Excess Cash 1,~~965~~652,~~073~~850.5231 Net Derivative Contract Payment Amount ~~577~~541,~~388~~659.0038

Filing Compare · IMPAC CMB TRUST SERIES 2004-2