================================================================================
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 28, 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 333-85310-04 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 2. ACQUISITION OR DISPOSITION OF ASSETS.
On May 28, 2004, a single series of certificates, entitled Impac
Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2004-2 (the
"Certificates"), were issued pursuant to an Pooling and Servicing Agreement,
dated as of May 1, 2004 (the "Agreement") among Impac Secured Assets Corp., as
company, Impac Funding Corporation, as master servicer, and Deutsche Bank
National Trust Company, as trustee (the "Trustee").
On June 14, 2004, following the closing of the initial issuance of the
Certificates, the Trustee purchased from the Company certain Subsequent Mortgage
Loans, as defined in the Agreement, with an aggregate principal balance equal to
approximately $40,046,757 with funds on deposit in the pre-funding account (the
"Pre-Funding Account") established pursuant to the Agreement at a purchase price
equal to the principal balance thereof, which Subsequent Mortgage Loans were
conveyed to the Trustee pursuant to a Subsequent Transfer Instrument, dated June
14, 2004, between the Company and the Trustee (the "Instrument").
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 of mortgage loans (the "Mortgage Pool"). The Mortgage Pool is
comprised of one- to four-family fixed-rate first lien mortgage loans having
original terms to maturity of not greater than 30 years (the "Mortgage Loans").
The Mortgage Loans have an aggregate principal balance of approximately
$159,954,949 as of May 1, 2004. The subsequent mortgage loans have an aggregate
principal balance of approximately $40,046,757 as of May 1, 2004.
The tables attached as an exhibit hereto describe certain
characteristics of the Mortgage Pool as of May 1, 2004.
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 May 1, 2004,
relating to Impac Secured Assets Corp., Mortgage
Pass-Through Certificates, Series 2004-2.
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: June 14, 2004
EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION
- -------------- -----------
99.1 Characteristics of the Mortgage Pool as of
May 1, 2004, relating to Impac Secured
Assets Corp., Mortgage Pass-Through
Certificates, Series 2004-2.