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THE 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) September 29, 2003
IMH ASSETS CORP. (as depositor under a Series 2003-10 Indenture dated as of
September 29, 2003, providing for, inter alia, the issuance of Collateralized
Asset-Backed Bonds Series 2003-10)
IMH Assets Corp.
(Exact name of registrant as specified in its charter)
CALIFORNIA 333-103591 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
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1 99 Computational Materials --
Computational Materials (as defined
in Item 5) that have been provided
by the Underwriters to certain
prospective purchasers of the IMH
Assets Corp. Collateralized
Asset-Backed Bonds, Series 2003-10
(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 September 29, 2003, the Registrant will cause the issuance
and sale of approximately $1,000,000,000 initial principal amount of
Collateralized Asset-Backed Bonds, Series 2003-10 (collectively, the "Bonds")
pursuant to an Indenture, dated as of September 29, 2003, between Impac CMB
Trust Series 2003-10, as Issuer, and Deutsche Bank National Trust Company, as
Indenture Trustee.
In connection with the sale of the Series 2003-10 Bonds, (collectively,
the "Underwritten Bonds"), the Registrant has been advised by Countrywide
Securities Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated
(the "Underwriters") that the Underwriters 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. 333-103591, which Computational
Materials are being filed as exhibits to this report.
The Computational Materials have been provided by the Underwriters. 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 Underwriters 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 thereunto duly authorized.
IMH ASSETS CORP.
By: /s/ Richard J. Johnson
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Name: Richard J. Johnson
Title: Chief Financial Officer
Dated: October 14, 2003
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 Filed Manually