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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) March 28, 2002
IMPAC SECURED ASSETS CORP. (as company under a Pooling and Servicing Agreement,
dated as of March 1, 2002, providing for, inter alia, the issuance of Mortgage
Pass-Through Certificates, Series 2002-2)
Impac Secured Assets Corp.
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(Exact name of registrant as specified in its charter)
CALIFORNIA 333-66328 33-071-5871
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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
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(Address of Principal -------
Executive Offices) (Zip Code)
Registrant's telephone number, including area code, is (949) 475-3600
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Item 2. ACQUISITION OR DISPOSITION OF ASSETS.
On March 28, 2002, a single series of certificates, entitled Impac Secured
Assets Corp.,Mortgage Pass-Through Certificates, Series 2002-2 (the
"Certificates"), were issued pursuant to a pooling and servicing agreement,
dated as of March 1, 2002 (the "Agreement"), among Impac Secured Assets Corp.,
as company (the "Company"), Impac Fundign Corporation as master servicer (the
"Master Servicer") and Bankers Trust Company of California, N.A. as trustee (the
"Trustee").
Item 5. OTHER EVENTS.
Description of the Mortgage Pool
The Certificates, issued pursuant to the Agreement, evidence in the
aggregate the entire beneficial ownership interest in a trust fund (the "Trust
Fund"), consisting primarily of a segregated pool (the "Mortgage Pool") of
conventional, one- to four- family, fixed-rate first lien mortgage loans having
original terms to maturity of not greater than 30 years (the "Mortgage Loans").
As of the Closing Date, the Trust Fund primarily consisted of (i) the Mortgage
Pool, which consisted of Initial Mortgage Loans having an aggregate principal
balance of approximately $193,381,669 as of March 1, 2002 (the "Initial Mortgage
Loans") and (ii) the Pre-Funding Account, which contained approximately
$56,618,331.
The tables attached as an exhibit hereto describe certain characteristics
of the Mortgage Pool as of March 1, 2002, with respect to the Initial Mortgage
Loans.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
EXHIBIT NO. DESCRIPTION
99.1 Characteristics of the Mortgage Pool as of March 1, 2002,
relating to Impac Secured Assets Corp., Mortgage
Pass-Through Certificates, Series 2002-2.
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 thereunto duly authorized.
IMPAC SECURED ASSETS CORP.
By: /s/ Richard J. Johnson
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Name: Richard J. Johnson
Title: Chief Financial Officer
Dated: April 12, 2002
EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION
99.1 Characteristics of the Mortgage Pool as
of March 1, 2002, relating to Impac
Secured Assets Corp., Mortgage Pass-Through
Certificates, Series 2002-2.