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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): May 23, 2001
IMH ASSETS CORP.
(as depositor under a Series 2001-1 Indenture dated as of May 29, 2001,
providing for, among other things, the issuance of Collateralized Asset-Backed
Bonds Series 2001-1)
IMH ASSETS CORP.
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(Exact name of Depositor as specified in its charter)
DELAWARE 333-54966 33-0705301
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
1401 Dove Street
Newport Beach, California 92660
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code, is (949) 475-3600
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Item 2. Acquisition or Disposition of Assets.
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For a description of the Bonds and the Mortgage Pool, refer to the
Indenture.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Not applicable
(b) Not applicable
(c) Exhibits:
ITEM 601(a) OF
REGULATION S-K
EXHIBIT NO. EXHIBIT NO. DESCRIPTION
1 99 Computational Materials--
Computational Materials (as
defined in Item 5) that have been
provided by the Underwriter to
certain prospective purchasers of
the IMH Assets Corp.
Collateralized Asset-Backed Bonds,
Series 2001-1 (filed in paper
pursuant to the automatic SEC
exemption pursuant to Release
33-7427, August 7, 1997)
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Item 5. Other Events.
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On or about May 29, 2001, the Registrant will cause the issuance and
sale of $357,843,000 (approximate) initial principal amount of Collateralized
Asset-Backed Bonds, Series 2001-1 (collectively, the "Bonds") pursuant to an
Indenture, to be dated as of May 29, 2001, between Impac CMB Trust Series
2001-1, as issuer, and Bankers Trust Company of California, N.A., as indenture
trustee.
In connection with the sale of the Series 2001-1 Bonds (collectively,
the "Underwritten Bonds"), the Registrant has been advised by Countrywide
Securities Corporation (the "Underwriter"), that the Underwriter has furnished
to prospective investors certain yield tables and other computational materials
(the "Computational Materials") with respect to the Underwritten Bonds following
the effective date of Registration Statement No. 333-54966, which Computational
Materials are being filed as exhibits to this report.
The Computational Materials have been provided by the Underwriter. The
information in the Computational Materials is preliminary and may be superseded
by the Prospectus Supplement relating to the Underwritten Bonds and by any other
information subsequently filed with the Securities and Exchange Commission.
The Computational Materials were prepared by the Underwriter at the
request of certain prospective investors, based on assumptions provided by, and
satisfying the special requirements of, such prospective investors. The
Computational Materials may be based on assumptions that differ from the
assumptions set forth in the Prospectus Supplement. The Computational Materials
may not include, and do not purport to include, information based on assumptions
representing a complete set of possible scenarios. Accordingly, the
Computational Materials may not be relevant to or appropriate for investors
other than those specifically requesting them.
In addition, the actual characteristics and performance of the mortgage
loans underlying the Underwritten Bonds (the "Mortgage Loans") may differ from
the assumptions used in the Computational Materials, which are hypothetical in
nature and which were provided to certain investors only to give a general sense
of how the yield, average life, duration, expected maturity, interest rate
sensitivity and cash flow characteristics of a particular class of Underwritten
Bonds might vary under varying prepayment and other scenarios. Any difference
between such assumptions and the actual characteristics and performance of the
Mortgage Loans will affect the actual yield, average life, duration, expected
maturity, interest rate sensitivity and cash flow characteristics of the
Underwritten Bonds.
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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.
IMH ASSETS CORP.
By: /s/ Richard Johnson
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Name: Richard Johnson
Title: Chief Financial Officer and Secretary
Dated: May 23, 2001
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Page
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1 99 Computational Materials 6