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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) June 28, 2002

IMPAC SECURED ASSETS CORP. (as company under a Pooling and Servicing Agreement,
dated as of June 1, 2002, providing for, inter alia, the issuance of Mortgage
Pass-Through Certificates, Series 2002-3)


                           Impac Secured Assets Corp.
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             (Exact name of registrant as specified in its charter)




                CALIFORNIA              333-85310              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                                                         92660
Newport Beach, California                                             (Zip Code)

(Address of Principal
Executive Offices)


Registrant's telephone number, including area code, is (949) 475-3600



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Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

                  (a)      Not applicable

                  (b)      Not applicable

                  (c)      Exhibits:

                  8.1      Opinion of Thacher Proffitt & Wood








                                   SIGNATURES

         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
                                     --------------------------
                                 Name:   Richard J. Johnson
                                 Title:  Chief Financial Officer

Dated: July 10, 2002