- --------------------------------------------------------------------------------
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) May 26, 2004
IMPAC SECURED ASSETS CORP. (as company under a Pooling and Servicing Agreement,
dated as of May 1, 2004, providing for, inter alia, the issuance of Mortgage
Pass-Through Certificates, Series 2004-2)
Impac Secured Assets Corp.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
CALIFORNIA 333-85310 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)
Registrant's telephone number, including area code, is (949) 475-3600
- --------------------------------------------------------------------------------
Item 2. Acquisition or Disposition of Assets.
------------------------------------
Item 5. Other Events.
------------
On or about May 28, 2004, the Registrant will cause the issuance and
sale of approximately $200,000,000 initial principal amount of Mortgage
Pass-Through Certificates, Series 2004-2 (collectively, the "Certificates")
pursuant to a Pooling and Servicing Agreement, dated as of May 1, 2004, among
the Registrant, Impac Funding Corporation, as Master Servicer, and Deutsche Bank
National Trust Company, as Trustee.
In connection with the sale of the Series 2004-2, Class A-1, Class A-2,
Class A-3, Class A-4, Class A-5, Class A-6, Class M-1, Class M-2 and Class M-3
Certificates (the "Underwritten Certificates"), the Registrant has been advised
by Countrywide Securities Corporation and UBS Securities LLC (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 Certificates following the
effective date of Registration Statement 333-85310, 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information in the Computational Materials is preliminary and may be superseded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 Certificates 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 Certificates (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
Certificates 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 Certificates.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
---------------------------------------------------------
(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 Impac Secured Assets Corp.
Mortgage Pass-Through
Certificates, Series 2004-2 (filed
in paper pursuant to the automatic
SEC exemption pursuant to Release
33-7427, August 7, 1997)
2 99 Computational Materials --
Computational Materials (as
defined in Item 5) that have been
provided by the Underwriter to
certain prospective purchasers of
the Impac Secured Assets Corp.
Mortgage Pass-Through
Certificates, Series 2004-2 (filed
in paper pursuant to the automatic
SEC exemption pursuant to Release
33-7427, August 7, 1997)
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
---------------------------
Name: Richard J. Johnson
Title: Chief Financial Officer
Dated: May 28, 2004
EXHIBIT INDEX
Item 601(a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Page
- ------ ----------- ----------- ----
1 99 Computational Materials Filed Manually
2 99 Computational Materials Filed Manually