Impac Mortgage Pass-Through Certificates Mortgage Pass-Through Certificates Record Date: 3/31/00 Distribution Date: 4/25/00 IMP Series: 2000-1 Contact: Customer Service - CTSLink Norwest Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A1 45254TBU4 SEN 7.50000% 80,115,000.00 500,718.75 600,874.11 A2 45254TBV5 SEN 6.72000% 124,150,000.00 695,240.00 6,069.44 A3 45254TBW3 SEN 2.28000% 0.00 235,885.00 0.00 A4 45254TBX1 SEN 9.00000% 0.00 100,143.75 0.00 A5 45254TBY9 SEN 8.00000% 2,410,900.00 16,072.67 0.00 A6 45254TBZ6 SEN 9.00000% 0.00 2,009.08 0.00 A8 45254TCB8 SEN 8.15000% 25,000,000.00 169,791.67 0.00 A9 45254TCC6 SEN 7.90000% 19,000,000.00 125,083.33 0.00 A7 45254TCA0 SEN 9.00000% 0.00 35,125.00 0.00 A10 45254TCD4 SEN 0.00000% 2,418,208.00 0.00 4,993.83 A11 45254TCE2 SEN 9.00000% 0.00 108,114.97 0.00 RI 45254TCK8 SEN 9.00000% 100.00 0.75 100.00 RII 45254TCL6 SEN 9.00000% 100.00 0.76 100.00 M1 45254TCF9 MEZ 8.00000% 11,310,000.00 75,400.00 5,974.52 M2 45254TCH5 MEZ 8.15000% 4,965,000.00 33,720.63 2,622.77 MX 45254TCG7 MEZ 9.00000% 0.00 12,941.87 0.00 M3 45254TCJ1 MEZ 9.00000% 2,345,000.00 17,587.50 1,238.75 B1 45254TCM4 SUB 9.00000% 1,655,000.00 12,412.50 874.26 B2 45254TCN2 SUB 9.00000% 690,000.00 5,175.00 364.49 B3 45254TCP7 SUB 9.00000% 1,793,169.15 13,448.77 947.24 Totals 275,852,477.15 2,158,872.00 624,159.41 Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 79,514,125.89 1,101,592.86 0.00 A2 0.00 124,143,930.56 701,309.44 0.00 A3 0.00 0.00 235,885.00 0.00 A4 0.00 0.00 100,143.75 0.00 A5 0.00 2,410,900.00 16,072.67 0.00 A6 0.00 0.00 2,009.08 0.00 A8 0.00 25,000,000.00 169,791.67 0.00 A9 0.00 19,000,000.00 125,083.33 0.00 A7 0.00 0.00 35,125.00 0.00 A10 0.00 2,413,214.17 4,993.83 0.00 A11 0.00 0.00 108,114.97 0.00 RI 0.00 0.00 100.75 0.00 RII 0.00 0.00 100.76 0.00 M1 0.00 11,304,025.48 81,374.52 0.00 M2 0.00 4,962,377.23 36,343.40 0.00 MX 0.00 0.00 12,941.87 0.00 M3 0.00 2,343,761.25 18,826.25 0.00 B1 0.00 1,654,125.74 13,286.76 0.00 B2 0.00 689,635.51 5,539.49 0.00 B3 0.00 1,792,221.91 14,396.01 0.00 Totals 0.00 275,228,317.74 2,783,031.41 0.00 <FN> All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. </FN> Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A1 80,115,000.00 80,115,000.00 131,052.61 469,821.49 0.00 0.00 A2 124,150,000.00 124,150,000.00 1,323.76 4,745.67 0.00 0.00 A3 0.00 0.00 0.00 0.00 0.00 0.00 A4 0.00 0.00 0.00 0.00 0.00 0.00 A5 2,410,900.00 2,410,900.00 0.00 0.00 0.00 0.00 A6 0.00 0.00 0.00 0.00 0.00 0.00 A8 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00 A9 19,000,000.00 19,000,000.00 0.00 0.00 0.00 0.00 A7 0.00 0.00 0.00 0.00 0.00 0.00 A10 2,418,208.00 2,418,208.00 2,087.39 2,906.44 0.00 0.00 A11 0.00 0.00 0.00 0.00 0.00 0.00 RI 100.00 100.00 21.81 78.19 0.00 0.00 RII 100.00 100.00 21.81 78.19 0.00 0.00 M1 11,310,000.00 11,310,000.00 5,974.52 0.00 0.00 0.00 M2 4,965,000.00 4,965,000.00 2,622.77 0.00 0.00 0.00 MX 0.00 0.00 0.00 0.00 0.00 0.00 M3 2,345,000.00 2,345,000.00 1,238.75 0.00 0.00 0.00 B1 1,655,000.00 1,655,000.00 874.26 0.00 0.00 0.00 B2 690,000.00 690,000.00 364.49 0.00 0.00 0.00 B3 1,793,169.15 1,793,169.15 947.24 0.00 0.00 0.00 Totals 275,852,477.15 275,852,477.15 146,529.41 477,629.98 0.00 0.00 <FN> (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description. </FN> Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A1 600,874.11 79,514,125.89 0.99249986 600,874.11 A2 6,069.44 124,143,930.56 0.99995111 6,069.44 A3 0.00 0.00 0.00000000 0.00 A4 0.00 0.00 0.00000000 0.00 A5 0.00 2,410,900.00 1.00000000 0.00 A6 0.00 0.00 0.00000000 0.00 A8 0.00 25,000,000.00 1.00000000 0.00 A9 0.00 19,000,000.00 1.00000000 0.00 A7 0.00 0.00 0.00000000 0.00 A10 4,993.83 2,413,214.17 0.99793490 4,993.83 A11 0.00 0.00 0.00000000 0.00 RI 100.00 0.00 0.00000000 100.00 RII 100.00 0.00 0.00000000 100.00 M1 5,974.52 11,304,025.48 0.99947175 5,974.52 M2 2,622.77 4,962,377.23 0.99947175 2,622.77 MX 0.00 0.00 0.00000000 0.00 M3 1,238.75 2,343,761.25 0.99947175 1,238.75 B1 874.26 1,654,125.74 0.99947175 874.26 B2 364.49 689,635.51 0.99947175 364.49 B3 947.24 1,792,221.91 0.99947175 947.24 Totals 624,159.41 275,228,317.74 0.99773734 624,159.41 Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 80,115,000.00 1000.00000000 1.63580615 5.86433864 0.00000000 A2 124,150,000.00 1000.00000000 0.01066259 0.03822529 0.00000000 A3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A5 2,410,900.00 1000.00000000 0.00000000 0.00000000 0.00000000 A6 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A8 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A9 19,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A7 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A10 2,418,208.00 1000.00000000 0.86319705 1.20189827 0.00000000 A11 0.00 0.00000000 0.00000000 0.00000000 0.00000000 RI 100.00 1000.00000000 218.10000000 781.90000000 0.00000000 RII 100.00 1000.00000000 218.10000000 781.90000000 0.00000000 M1 11,310,000.00 1000.00000000 0.52825111 0.00000000 0.00000000 M2 4,965,000.00 1000.00000000 0.52825176 0.00000000 0.00000000 MX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M3 2,345,000.00 1000.00000000 0.52825160 0.00000000 0.00000000 B1 1,655,000.00 1000.00000000 0.52825378 0.00000000 0.00000000 B2 690,000.00 1000.00000000 0.52824638 0.00000000 0.00000000 B3 1,793,169.15 1000.00000000 0.52824911 0.00000000 0.00000000 <FN> (2) All Classes are per $1,000 denominations. </FN> Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 7.50014492 992.49985508 0.99249986 7.50014492 A2 0.00000000 0.04888796 999.95111204 0.99995111 0.04888796 A3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A10 0.00000000 2.06509531 997.93490469 0.99793490 2.06509531 A11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 RI 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000 RII 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000 M1 0.00000000 0.52825111 999.47174889 0.99947175 0.52825111 M2 0.00000000 0.52825176 999.47174824 0.99947175 0.52825176 MX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M3 0.00000000 0.52825160 999.47174840 0.99947175 0.52825160 B1 0.00000000 0.52825378 999.47174622 0.99947175 0.52825378 B2 0.00000000 0.52824638 999.47175362 0.99947175 0.52824638 B3 0.00000000 0.52824911 999.47175089 0.99947175 0.52824911 <FN> (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description. </FN> Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A1 80,115,000.00 7.50000% 80,115,000.00 500,718.75 0.00 0.00 A2 124,150,000.00 6.72000% 124,150,000.00 695,240.00 0.00 0.00 A3 0.00 2.28000% 124,150,000.00 235,885.00 0.00 0.00 A4 0.00 9.00000% 13,352,500.00 100,143.75 0.00 0.00 A5 2,410,900.00 8.00000% 2,410,900.00 16,072.67 0.00 0.00 A6 0.00 9.00000% 267,877.00 2,009.08 0.00 0.00 A8 25,000,000.00 8.15000% 25,000,000.00 169,791.67 0.00 0.00 A9 19,000,000.00 7.90000% 19,000,000.00 125,083.33 0.00 0.00 A7 0.00 9.00000% 4,683,333.00 35,125.00 0.00 0.00 A10 2,418,208.00 0.00000% 2,418,208.00 0.00 0.00 0.00 A11 0.00 9.00000% 14,415,329.08 108,114.97 0.00 0.00 RI 100.00 9.00000% 100.00 0.75 0.00 0.00 RII 100.00 9.00000% 100.00 0.75 0.00 0.00 M1 11,310,000.00 8.00000% 11,310,000.00 75,400.00 0.00 0.00 M2 4,965,000.00 8.15000% 4,965,000.00 33,720.63 0.00 0.00 MX 0.00 9.00000% 1,725,583.00 12,941.87 0.00 0.00 M3 2,345,000.00 9.00000% 2,345,000.00 17,587.50 0.00 0.00 B1 1,655,000.00 9.00000% 1,655,000.00 12,412.50 0.00 0.00 B2 690,000.00 9.00000% 690,000.00 5,175.00 0.00 0.00 B3 1,793,169.15 9.00000% 1,793,169.15 13,448.77 0.00 0.00 Totals 275,852,477.15 2,158,871.99 0.00 0.00 Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A1 0.00 0.00 500,718.75 0.00 79,514,125.89 A2 0.00 0.00 695,240.00 0.00 124,143,930.56 A3 0.00 0.00 235,885.00 0.00 124,143,930.56 A4 0.00 0.00 100,143.75 0.00 13,252,354.32 A5 0.00 0.00 16,072.67 0.00 2,410,900.00 A6 0.00 0.00 2,009.08 0.00 267,877.78 A8 0.00 0.00 169,791.67 0.00 25,000,000.00 A9 0.00 0.00 125,083.33 0.00 19,000,000.00 A7 0.00 0.00 35,125.00 0.00 4,683,333.33 A10 0.00 0.00 0.00 0.00 2,413,214.17 A11 0.00 0.00 108,114.97 0.00 14,387,864.47 RI 0.00 0.00 0.75 0.00 0.00 RII 0.00 0.00 0.76 0.00 0.00 M1 0.00 0.00 75,400.00 0.00 11,304,025.48 M2 0.00 0.00 33,720.63 0.00 4,962,377.23 MX 0.00 0.00 12,941.87 0.00 1,724,671.79 M3 0.00 0.00 17,587.50 0.00 2,343,761.25 B1 0.00 0.00 12,412.50 0.00 1,654,125.74 B2 0.00 0.00 5,175.00 0.00 689,635.51 B3 0.00 0.00 13,448.77 0.00 1,792,221.91 Totals 0.00 0.00 2,158,872.00 0.00 <FN> (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description. </FN> Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A1 80,115,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000 A2 124,150,000.00 6.72000% 1000.00000000 5.60000000 0.00000000 0.00000000 A3 0.00 2.28000% 1000.00000000 1.90000000 0.00000000 0.00000000 A4 0.00 9.00000% 1000.00000000 7.50000000 0.00000000 0.00000000 A5 2,410,900.00 8.00000% 1000.00000000 6.66666805 0.00000000 0.00000000 A6 0.00 9.00000% 1000.00000000 7.50000933 0.00000000 0.00000000 A8 25,000,000.00 8.15000% 1000.00000000 6.79166680 0.00000000 0.00000000 A9 19,000,000.00 7.90000% 1000.00000000 6.58333316 0.00000000 0.00000000 A7 0.00 9.00000% 1000.00000000 7.50000053 0.00000000 0.00000000 A10 2,418,208.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 A11 0.00 9.00000% 1000.00000555 7.50000017 0.00000000 0.00000000 RI 100.00 9.00000% 1000.00000000 7.50000000 0.00000000 0.00000000 RII 100.00 9.00000% 1000.00000000 7.50000000 0.00000000 0.00000000 M1 11,310,000.00 8.00000% 1000.00000000 6.66666667 0.00000000 0.00000000 M2 4,965,000.00 8.15000% 1000.00000000 6.79166767 0.00000000 0.00000000 MX 0.00 9.00000% 1000.00000000 7.49999855 0.00000000 0.00000000 M3 2,345,000.00 9.00000% 1000.00000000 7.50000000 0.00000000 0.00000000 B1 1,655,000.00 9.00000% 1000.00000000 7.50000000 0.00000000 0.00000000 B2 690,000.00 9.00000% 1000.00000000 7.50000000 0.00000000 0.00000000 B3 1,793,169.15 9.00000% 1000.00000000 7.50000077 0.00000000 0.00000000 <FN> (5) All Classes are per $1,000 denomination </FN> Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A1 0.00000000 0.00000000 6.25000000 0.00000000 992.49985508 A2 0.00000000 0.00000000 5.60000000 0.00000000 999.95111204 A3 0.00000000 0.00000000 1.90000000 0.00000000 999.95111204 A4 0.00000000 0.00000000 7.50000000 0.00000000 992.49985546 A5 0.00000000 0.00000000 6.66666805 0.00000000 1000.00000000 A6 0.00000000 0.00000000 7.50000933 0.00000000 1000.00291178 A8 0.00000000 0.00000000 6.79166680 0.00000000 1000.00000000 A9 0.00000000 0.00000000 6.58333316 0.00000000 1000.00000000 A7 0.00000000 0.00000000 7.50000053 0.00000000 1000.00007046 A10 0.00000000 0.00000000 0.00000000 0.00000000 997.93490469 A11 0.00000000 0.00000000 7.50000017 0.00000000 998.09476912 RI 0.00000000 0.00000000 7.50000000 0.00000000 0.00000000 RII 0.00000000 0.00000000 7.60000000 0.00000000 0.00000000 M1 0.00000000 0.00000000 6.66666667 0.00000000 999.47174889 M2 0.00000000 0.00000000 6.79166767 0.00000000 999.47174824 MX 0.00000000 0.00000000 7.49999855 0.00000000 999.47194079 M3 0.00000000 0.00000000 7.50000000 0.00000000 999.47174840 B1 0.00000000 0.00000000 7.50000000 0.00000000 999.47174622 B2 0.00000000 0.00000000 7.50000000 0.00000000 999.47175362 B3 0.00000000 0.00000000 7.50000077 0.00000000 999.47175089 <FN> (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description. </FN> Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Rate Balance Balance Balance Balance Percentage Class MX1 9.00000% 1,256,667.00 1,256,002.83 0.00 0.00 99.94714829% MX2 9.00000% 468,916.00 468,668.96 0.00 0.00 99.94731679% CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2,900,248.98 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Total Deposits 2,900,248.98 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 117,217.57 Payment of Interest and Principal 2,783,031.41 Total Withdrawals (Pool Distribution Amount) 2,900,248.98 Ending Balance 0.00 PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00 SERVICING FEES Gross Servicing Fee 114,631.48 Indenture Trustee: Norwest Bank 2,586.09 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 117,217.57 CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS Percentage Delinquent Based On Current Unpaid Number Principal Number Unpaid Of Loans Balance Of Loans Balance 30 Days 17 2,138,016.02 0.873587% 0.776815% 60 Days 0 0.00 0.000000% 0.000000% 90+ Days 0 0.00 0.000000% 0.000000% Foreclosure 0 0.00 0.000000% 0.000000% REO 0 0.00 0.000000% 0.000000% Totals 17 2,138,016.02 0.873587% 0.776815% OTHER INFORMATION Current Period Realized Loss - Includes Interest Shortfall 0.00 Cumulative Realized Losses - Includes Interest Shortfall 0.00 Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00 SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Next Original $ Original % Current $ Current % Class% Prepayment% Class A 22,758,369.15 8.25019568% 22,746,147.12 8.26446468% 91.735535% 0.000000% Class R-I 22,758,269.15 8.25015943% 22,746,147.12 8.26446468% 0.000000% 0.000000% Class R-II 22,758,169.15 8.25012318% 22,746,147.12 8.26446468% 0.000000% 0.000000% Class M-1 11,448,169.15 4.15010562% 11,442,121.64 4.15731991% 4.107145% 49.696441% Class M-2 6,483,169.15 2.35023054% 6,479,744.41 2.35431603% 1.803004% 21.816342% Class M-3 4,138,169.15 1.50013848% 4,135,983.16 1.50274623% 0.851570% 10.303992% Class B-1 2,483,169.15 0.90018012% 2,481,857.42 0.90174494% 0.601001% 7.272114% Class B-2 1,793,169.15 0.65004642% 1,792,221.91 0.65117642% 0.250569% 3.031878% Class B-3 0.00 0.00000000% 0.00 0.00000000% 0.651176% 7.879233% <FN> Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure </FN> CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 151,819.00 0.05503630% 151,819.00 0.05516111% Fraud 5,517,049.54 2.00000000% 5,517,049.54 2.00453557% Special Hazard 2,758,525.00 1.00000008% 2,758,525.00 1.00226787% <FN> Limit of Subordinate's Exposure to Certain Types of Losses </FN> COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 9.901334% Weighted Average Net Coupon 9.402669% Weighted Average Pass-Through Rate 9.391419% Weighted Average Maturity(Stepdown Calculation ) 348 Beginning Scheduled Collateral Loan Count 1,950 Number Of Loans Paid In Full 4 Ending Scheduled Collateral Loan Count 1,946 Beginning Scheduled Collateral Balance 275,852,477.15 Ending Scheduled Collateral Balance 275,228,317.74 Ending Actual Collateral Balance at 31-Mar-2000 275,420,851.82 Monthly P &I Constant 2,422,618.91 Class A Optimal Amount 2,595,329.25 Ending Scheduled Balance for Premium Loans 275,228,317.74 Senior Accelerated Distribution 100% Percentage Lockout Priority Percentage 0% Senior Percentage 91.68%