- --------------------------------------------------------------------------------



                                  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) July 31, 2003

IMPAC SECURED ASSETS CORP. (as company under a Pooling and Servicing Agreement,
dated as of July 1, 2003, providing for, inter alia, the issuance of Mortgage
Pass-Through Certificates, Series 2003-3)

                           Impac Secured Assets Corp.
- --------------------------------------------------------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



         California               333-85310-02                 33-071-5871
- ----------------------------      ------------              ------------------
(STATE OR OTHER JURISDICTION       (COMMISSION               (I.R.S. EMPLOYER
      OF INCORPORATION)           FILE NUMBER)              IDENTIFICATION NO.)

1401 Dove Street
Newport Beach, California                                         92660
- ----------------------------                                ------------------
(ADDRESS OF PRINCIPAL                                           (ZIP CODE)
 EXECUTIVE OFFICES)


Registrants telephone number, including area code, is (949) 475-3600






- --------------------------------------------------------------------------------









Item 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

          (a) Not applicable

          (b) Not applicable

          (c) Exhibits:

          1. Pooling and Servicing Agreement, dated as of July 1, 2003 among
Impac Secured Assets Corp., as company, Impac Funding Corporation, as master
servicer, and Deutsche Bank National Trust Company, as trustee. (In accordance
with Rule 202 of Regulation S-T, Exhibit H, the mortgage loan schedule, is being
filed in paper pursuant to a continuing hardship exemption.)










                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on behalf of the
Registrant by the undersigned thereunto duly authorized.

                                             IMPAC SECURED ASSETS CORP.

                                             By:       /s/ Richard J. Johnson
                                                  ------------------------------
                                             Name:     Richard J. Johnson
                                             Title:    Chief Financial Officer


Dated: August 15, 2003






                                  EXHIBIT INDEX



                 Item 601 (a) of         Sequentially
Exhibit          Regulation S-K          Numbered
Number           Exhibit No.             Description                      Page
- ------           -----------             -----------                      ----
1                4                       Pooling and Servicing            5
                                         Agreement