8-K 1 imh04002_nov.txt NOVEMBER 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): November 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) 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 November 26, 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 November 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 (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: 11/29/2004 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 November 26, 2004 distribution. EX-99.1

Impac Assets Corp. ~~Mortgage~~Collateralized ~~Pass~~Asset-~~Through~~Backed ~~Certificates~~Bonds Record Date: 810/31/2004 Distribution Date: 911/2726/2004 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 12.~~87500~~19250% ~~639~~594,~~913~~735,~~163~~590.4606 1,~~099~~159,~~850~~073.7757 2122,~~533~~646,~~532~~139.5651 A-2 45254NGX9 SEN 12.~~86500~~18250% ~~116~~108,~~510~~285,~~800~~191.0747 ~~199~~210,~~184~~073.9327 34,~~920~~123,~~671~~246.2069 A-3 45254NGY7 SEN 12.~~92500~~24250% 2220,~~405~~824,~~923~~075.0928 3941,~~537~~509.1232 ~~753~~792,~~975~~932.2306 M-1 45254NGZ4 MEZ 2.~~09500~~41250% 4138,~~675~~732,~~016~~780.9502 8083,~~033~~060.4029 1,~~402~~474,~~393~~853.9362 M-2 45254NHA8 MEZ 2.~~16500~~48250% 1817,~~372~~075,~~856~~741.9373 3637,~~462~~680.47 ~~618~~650,~~259~~204.6929 M-3 45254NHB6 MEZ 2.~~56500~~88250% 2019,~~613~~158,~~449~~149.2426 4849,~~467~~087.3744 ~~693~~729,~~657~~497.2149 M-4 45254NHC4 MEZ 23.~~71500~~03250% 2422,~~646~~906,~~515~~482.4081 61,~~339~~745.0270 ~~829~~872,~~372~~225.7526 M-5 45254NHD2 MEZ 23.~~81500~~13250% 1211,~~099~~245,~~198~~000.4765 31,~~220~~311.9708 ~~407~~428,~~146~~183.6231 CERTS IMPACC042CE SUB 0.00000% 0.00 0.00 0.00 Totals ~~896~~832,~~236~~963,~~923~~011.6128 1,~~596~~673,~~096~~541.0514 3031,~~159~~717,~~009~~282.1923

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~618~~572,~~379~~089,~~630~~450.8954 2223,~~633~~805,~~383~~213.3308 0.00 A-2 0.00 ~~112~~104,~~590~~161,~~128~~944.8778 4,~~119~~333,~~856~~319.1396 0.00 A-3 0.00 2120,~~651~~031,~~947~~143.8623 ~~793~~834,~~512~~441.3538 0.00 M-1 0.00 4037,~~272~~257,~~623~~926.0240 1,~~482~~557,~~427~~913.3391 0.00 M-2 0.00 1716,~~754~~425,~~597~~537.2545 ~~654~~687,~~722~~884.1676 0.00 M-3 0.00 1918,~~919~~428,~~792~~651.0377 ~~742~~778,~~124~~584.5893 0.00 M-4 0.00 2322,~~817~~034,~~142~~257.6555 ~~890~~933,~~711~~970.7796 0.00 M-5 0.00 1110,~~692~~816,~~051~~817.8434 ~~438~~459,~~367~~494.5939 0.00 CERTS 0.00 0.00 0.00 0.00 Totals 0.00 ~~866~~801,~~077~~245,~~914~~729.4106 3133,~~755~~390,~~105~~823.2437 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 ~~639~~594,~~913~~735,~~163~~590.4606 0.00 2122,~~533~~646,~~532~~139.5651 0.00 0.00 A-2 130,000,000.00 ~~116~~108,~~510~~285,~~800~~191.0747 0.00 34,~~920~~123,~~671~~246.2069 0.00 0.00 A-3 25,000,000.00 2220,~~405~~824,~~923~~075.0928 0.00 ~~753~~792,~~975~~932.2306 0.00 0.00 M-1 46,500,000.00 4138,~~675~~732,~~016~~780.9502 0.00 1,~~402~~474,~~393~~853.9362 0.00 0.00 M-2 20,500,000.00 1817,~~372~~075,~~856~~741.9373 0.00 ~~618~~650,~~259~~204.6929 0.00 0.00 M-3 23,000,000.00 2019,~~613~~158,~~449~~149.2426 0.00 ~~693~~729,~~657~~497.2149 0.00 0.00 M-4 27,500,000.00 2422,~~646~~906,~~515~~482.4081 0.00 ~~829~~872,~~372~~225.7526 0.00 0.00 M-5 13,500,000.00 1211,~~099~~245,~~198~~000.4765 0.00 ~~407~~428,~~146~~183.6231 0.00 0.00 CERTS 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 ~~896~~832,~~236~~963,~~923~~011.6128 0.00 3031,~~159~~717,~~009~~282.1923 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 2122,~~533~~646,~~532~~139.5651 ~~618~~572,~~379~~089,~~630~~450.8954 0.~~86607791~~80124573 2122,~~533~~646,~~532~~139.5651 A-2 34,~~920~~123,~~671~~246.2069 ~~112~~104,~~590~~161,~~128~~944.8778 0.~~86607791~~80124573 34,~~920~~123,~~671~~246.2069 A-3 ~~753~~792,~~975~~932.2306 2120,~~651~~031,~~947~~143.8623 0.~~86607791~~80124573 ~~753~~792,~~975~~932.2306 M-1 1,~~402~~474,~~393~~853.9362 4037,~~272~~257,~~623~~926.0240 0.~~86607791~~80124573 1,~~402~~474,~~393~~853.9362 M-2 ~~618~~650,~~259~~204.6929 1716,~~754~~425,~~597~~537.2545 0.~~86607791~~80124573 ~~618~~650,~~259~~204.6929 M-3 ~~693~~729,~~657~~497.2149 1918,~~919~~428,~~792~~651.0377 0.~~86607791~~80124573 ~~693~~729,~~657~~497.2149 M-4 ~~829~~872,~~372~~225.7526 2322,~~817~~034,~~142~~257.6555 0.~~86607791~~80124573 ~~829~~872,~~372~~225.7526 M-5 ~~407~~428,~~146~~183.6231 1110,~~692~~816,~~051~~817.8434 0.~~86607791~~80124573 ~~407~~428,~~146~~183.6231 CERTS 0.00 0.00 0.00000000 0.00 Totals 3031,~~159~~717,~~009~~282.1923 ~~866~~801,~~077~~245,~~914~~729.4106 0.~~86607791~~80124573 3031,~~159~~717,~~009~~282.1923

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 ~~896~~832.~~23692361~~96301129 0.00000000 3031.~~15900919~~71728223 0.00000000 A-2 130,000,000.00 ~~896~~832.~~23692362~~96301131 0.00000000 3031.~~15900923~~71728223 0.00000000 A-3 25,000,000.00 ~~896~~832.~~23692360~~96301120 0.00000000 3031.~~15900920~~71728240 0.00000000 M-1 46,500,000.00 ~~896~~832.~~23692366~~96301118 0.00000000 3031.~~15900925~~71728215 0.00000000 M-2 20,500,000.00 ~~896~~832.~~23692341~~96301122 0.00000000 3031.~~15900927~~71728244 0.00000000 M-3 23,000,000.00 ~~896~~832.~~23692348~~96301130 0.00000000 3031.~~15900913~~71728217 0.00000000 M-4 27,500,000.00 ~~896~~832.~~23692364~~96301127 0.00000000 3031.~~15900909~~71728218 0.00000000 M-5 13,500,000.00 ~~896~~832.~~23692370~~96301111 0.00000000 3031.~~15900889~~71728222 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 3031.~~15900919~~71728223 ~~866~~801.~~07791441~~24572905 0.~~86607791~~80124573 3031.~~15900919~~71728223 A-2 0.00000000 3031.~~15900923~~71728223 ~~866~~801.~~07791438~~24572908 0.~~86607791~~80124573 3031.~~15900923~~71728223 A-3 0.00000000 3031.~~15900920~~71728240 ~~866~~801.~~07791440~~24572920 0.~~86607791~~80124573 3031.~~15900920~~71728240 M-1 0.00000000 3031.~~15900925~~71728215 ~~866~~801.~~07791441~~24572903 0.~~86607791~~80124573 3031.~~15900925~~71728215 M-2 0.00000000 3031.~~15900927~~71728244 ~~866~~801.~~07791463~~24572927 0.~~86607791~~80124573 3031.~~15900927~~71728244 M-3 0.00000000 3031.~~15900913~~71728217 ~~866~~801.~~07791435~~24572913 0.~~86607791~~80124573 3031.~~15900913~~71728217 M-4 0.00000000 3031.~~15900909~~71728218 ~~866~~801.~~07791455~~24572909 0.~~86607791~~80124573 3031.~~15900909~~71728218 M-5 0.00000000 3031.~~15900889~~71728222 ~~866~~801.~~07791407~~24572889 0.~~86607791~~80124573 3031.~~15900889~~71728222 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 12.~~87500~~19250% ~~639~~594,~~913~~735,~~163~~590.4606 1,~~099~~159,~~850~~073.7558 0.00 0.00 A-2 130,000,000.00 12.~~86500~~18250% ~~116~~108,~~510~~285,~~800~~191.0747 ~~199~~210,~~184~~073.9227 0.00 0.00 A-3 25,000,000.00 12.~~92500~~24250% 2220,~~405~~824,~~923~~075.0928 3941,~~537~~509.1232 0.00 0.00 M-1 46,500,000.00 2.~~09500~~41250% 4138,~~675~~732,~~016~~780.9502 8083,~~033~~060.4029 0.00 0.00 M-2 20,500,000.00 2.~~16500~~48250% 1817,~~372~~075,~~856~~741.9373 3637,~~462~~680.47 0.00 0.00 M-3 23,000,000.00 2.~~56500~~88250% 2019,~~613~~158,~~449~~149.2426 4849,~~467~~087.3744 0.00 0.00 M-4 27,500,000.00 23.~~71500~~03250% 2422,~~646~~906,~~515~~482.4081 61,~~339~~745.0270 0.00 0.00 M-5 13,500,000.00 23.~~81500~~13250% 1211,~~099~~245,~~198~~000.4765 31,~~220~~311.9708 0.00 0.00 CERTS 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 1,~~596~~673,~~096~~541.0215 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 (0.02) 0.00 1,~~099~~159,~~850~~073.7757 0.00 ~~618~~572,~~379~~089,~~630~~450.8954 A-2 0.00 0.00 ~~199~~210,~~184~~073.9327 0.00 ~~112~~104,~~590~~161,~~128~~944.8778 A-3 0.00 0.00 3941,~~537~~509.1232 0.00 2120,~~651~~031,~~947~~143.8623 M-1 0.00 0.00 8083,~~033~~060.4029 0.00 4037,~~272~~257,~~623~~926.0240 M-2 0.00 0.00 3637,~~462~~680.47 0.00 1716,~~754~~425,~~597~~537.2545 M-3 0.00 0.00 4849,~~467~~087.3744 0.00 1918,~~919~~428,~~792~~651.0377 M-4 0.00 0.00 61,~~339~~745.0270 0.00 2322,~~817~~034,~~142~~257.6555 M-5 0.00 0.00 31,~~220~~311.9708 0.00 1110,~~692~~816,~~051~~817.8434 CERTS 0.00 0.00 0.00 0.00 0.00 Totals (0.02) 0.00 1,~~596~~673,~~096~~541.0514 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 12.~~87500~~19250% ~~896~~832.~~23692361~~96301129 1.~~54040721~~62335235 0.00000000 0.00000000 A-2 130,000,000.00 12.~~86500~~18250% ~~896~~832.~~23692362~~96301131 1.~~53219169~~61594823 0.00000000 0.00000000 A-3 25,000,000.00 12.~~92500~~24250% ~~896~~832.~~23692360~~96301120 1.~~58148480~~66037280 0.00000000 0.00000000 M-1 46,500,000.00 2.~~09500~~41250% ~~896~~832.~~23692366~~96301118 1.~~72114839~~78624280 0.00000000 0.00000000 M-2 20,500,000.00 2.~~16500~~48250% ~~896~~832.~~23692341~~96301122 1.~~77865707~~83807171 0.00000000 0.00000000 M-3 23,000,000.00 2.~~56500~~88250% ~~896~~832.~~23692348~~96301130 2.~~10727696~~13423652 0.00000000 0.00000000 M-4 27,500,000.00 23.~~71500~~03250% ~~896~~832.~~23692364~~96301127 2.~~23050982~~24529818 0.00000000 0.00000000 M-5 13,500,000.00 23.~~81500~~13250% ~~896~~832.~~23692370~~96301111 2.~~31266444~~31933926 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) 0.00000000 1.~~54040724~~62335234 0.00000000 ~~866~~801.~~07791441~~24572905 A-2 0.00000000 0.00000000 1.~~53219177~~61594823 0.00000000 ~~866~~801.~~07791438~~24572908 A-3 0.00000000 0.00000000 1.~~58148480~~66037280 0.00000000 ~~866~~801.~~07791440~~24572920 M-1 0.00000000 0.00000000 1.~~72114839~~78624280 0.00000000 ~~866~~801.~~07791441~~24572903 M-2 0.00000000 0.00000000 1.~~77865707~~83807171 0.00000000 ~~866~~801.~~07791463~~24572927 M-3 0.00000000 0.00000000 2.~~10727696~~13423652 0.00000000 ~~866~~801.~~07791435~~24572913 M-4 0.00000000 0.00000000 2.~~23050982~~24529818 0.00000000 ~~866~~801.~~07791455~~24572909 M-5 0.00000000 0.00000000 2.~~31266444~~31933926 0.00000000 ~~866~~801.~~07791407~~24572889 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 3233,~~104~~715,~~025~~518.6576 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 3233,~~104~~715,~~025~~518.6576 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~348~~324,~~920~~695.4139 Payment of Interest and Principal 3133,~~755~~390,~~105~~823.2437 Total Withdrawals (Pool Distribution Amount) 3233,~~104~~715,~~025~~518.6576 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~280~~261,~~401~~650.8678 LPMI Fee 4239,~~975~~206.7728 Master Servicing Fee 2220,~~405~~910.9882 Owner Trustee Fee 1,~~269~~184.6595 Wells Fargo Bank, NA 1,~~867~~742.1556 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~348~~324,~~920~~695.4139

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 12 0 0 12 ~~323~~382,~~156~~841.6222 0.00 0.00 ~~323~~382,~~156~~841.6222 30 Days 928 0 0 0 928 28,~~046~~190,~~876~~549.9547 0.00 0.00 0.00 28,~~046~~190,~~876~~549.9547 60 Days 45 0 53 0 98 1,~~581~~676,~~324~~292.5367 0.00 1881,~~265,221~~174.1605 0.00 2,~~846~~557,~~545~~466.6972 90 Days 14 10 54 0 78 ~~238~~874,~~492~~600.9700 ~~132,800~~0.00 ~~978~~1,~~950~~050,575.2311 0.00 1,~~350~~925,~~243~~175.2011 120 Days 0 0 47 0 47 0.00 0.00 ~~595~~1,~~535~~449,321.0960 0.00 ~~595~~1,~~535~~449,321.0960 150 Days 0 01 04 0 05 0.00 0132,800.00 01,131,810.0022 0.00 01,264,610.0022 180+ Days 03 02 04 0 09 0702,982.0041 0377,682.0077 0491,799.0092 0.00 01,572,465.0010 Totals 1440 25 1422 0 3067 311,~~866~~444,~~694~~424.4555 ~~455~~893,~~956~~323.6299 25,~~839~~004,~~706~~680.4890 0.00 717,~~162~~342,~~357~~429.5544 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.~~030003~~064041% 0.000000% 0.000000% 0.~~030003~~064041% 0.~~037242~~047486% 0.000000% 0.000000% 0.~~037242~~047486% 30 Days 0.~~270027~~896574% 0.000000% 0.000000% 0.000000% 0.~~270027~~896574% 01.~~235888~~015917% 0.000000% 0.000000% 0.000000% 01.~~235888~~015917% 60 Days 0.~~120012~~160102% 0.000000% 0.~~150015~~096061% 0.000000% 0.~~270027~~256164% 0.~~182237~~207919% 0.000000% 0.~~145808~~109297% 0.000000% 0.~~328045~~317216% 90 Days 0.~~030003~~128082% 0.~~030003~~000000% 0.~~150015~~128082% 0.000000% 0.~~210021~~256164% 0.~~027485~~108481% 0.~~015304~~000000% 0.~~112817~~130308% 0.000000% 0.~~155606~~238790% 120 Days 0.000000% 0.000000% 0.~~120012~~224143% 0.000000% 0.~~120012~~224143% 0.000000% 0.000000% 0.~~068631~~179767% 0.000000% 0.~~068631~~179767% 150 Days 0.000000% 0.~~000000~~032020% 0.~~000000~~128082% 0.000000% 0.~~000000~~160102% 0.000000% 0.~~000000~~016472% 0.~~000000~~140384% 0.000000% 0.~~000000~~156856% 180+ Days 0.~~000000~~096061% 0.~~000000~~064041% 0.~~000000~~128082% 0.000000% 0.~~000000~~288184% 0.~~000000~~087195% 0.~~000000~~046846% 0.~~000000~~061001% 0.000000% 0.~~000000~~195041% Totals 01.~~420042~~280820% 0.~~060006~~160102% 0.~~420042~~704451% 0.000000% 02.~~900090~~145373% 01.~~445610~~419512% 0.~~052546~~110804% 0.~~327257~~620757% 0.000000% 02.~~825412~~151073%

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~542543~~522821% Weighted Average Net Coupon 5.~~167104~~147439% Weighted Average Pass-Through Rate 5.~~075362~~056992% Weighted Average Maturity(Stepdown Calculation ) ~~352~~350 Beginning Scheduled Collateral Loan Count 3,~~430~~226 Number Of Loans Paid In Full 97103 Ending Scheduled Collateral Loan Count 3,~~333~~123 Beginning Scheduled Collateral Balance ~~896~~836,~~236~~431,~~923~~878.6104 Ending Scheduled Collateral Balance ~~867~~806,~~730~~222,~~764~~247.7347 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~867~~806,~~730~~222,~~764~~247.7347 Monthly P &I Constant 4,~~545~~224,~~398~~704.4194 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 ~~867~~806,~~730~~222,~~764~~247.7347 Scheduled Principal ~~405~~375,~~872~~152.3119 Unscheduled Principal 2829,~~100~~834,~~286~~478.5738

Gross Collateral Interest 43,~~139~~849,~~526~~552.1075

Miscellaneous Reporting Overcollateralization Target Amount 5,000,002.09 Overcollateralized Amount 14,~~652~~976,~~850~~518.3142 Overcollateralization Release Amount 0.00 Overcollateralization Increase Amount 1,~~652~~507,~~850~~651.3166 Net Monthly Excess Cash 1,~~652~~507,~~850~~651.3166 Net Derivative Contract Payment Amount ~~541~~343,~~659~~664.3865

Filing Compare · IMPAC CMB TRUST SERIES 2004-2