SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K /A

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 25, 2002

IMH ASSETS CORP.

(as Company under a Series 2002-3 Indenture, dated as of June 26,

2002 providing for, inter alia, the issuance of Collateralized Asset-

Backed Bonds, Series 2002-3).

COLLATERALIZED ASSET-BACKED BONDS SERIES 2002-3

(Exact name of Registrant as specified in its Charter)

DELAWARE

(State or Other Jurisdiction of Incorporation)

333-83600-01 33-0705301

(Commission File Number) (I.R.S. Employer Identification No.)

1401 DOVE STREET

NEWPORT BEACH, CALIFORNIA 92660

(Address of principal executive offices) (Zip Code)

Registrant's Telephone Number, Including Area Code: (949) 475-3600

Item 5. Other Events

Attached hereto is a copy of the Monthly Remittance Statements to the

Certificateholders which was derived from the monthly information

submitted by the Master Servicer of the Trust to the Trustee.

Item 7. Financial Statement and Exhibits

Exhibits: (as noted in Item 5 above)

Monthly Remittance Statement to the Certificateholders dated as of

September 25, 2002.

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, hereunto duly authorized.

Deutsche Bank National Trust Company,

not in its individual capacity, but solely as

a duly authorized agent of the Registrant

pursuant to the Indenture, dated as of

June 26, 2002.

Date: Jan 23, 2003 By: /s/ Katie Wannenmacher

Katie Wannenmacher

Vice President

EXHIBIT INDEX

DOCUMENT

Monthly Remittance Statement to the Certificateholders

dated as of September 25, 2002.


	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds


	September 25, 2002 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				14
			8.	Prepayment Report				15
			9.	Prepayment Detail Report				18
			10.	Realized Loss Report				19
			11.	Realized Loss Detail Report				22
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				23
			13.	Other Related Information				24




				Total Number of Pages				24



			CONTACTS

				Administrator: James F Noriega
				Direct Phone Number: (714)247-6281
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: http://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000



ISSUANCE INFORMATION

	Seller:		Impac Secured Asset Corp.					Cut-Off Date: June 1, 2002
	Certificate Insurer(s):		AMBAC Indemnity Corporation					Closing Date: June 26, 2002
								First Payment Date: July 25, 2002
	Servicer(s):		Impac Funding Corporation Master Servicer
			Wendover Funding, Inc. Sub-Servicer
			Countrywide Funding Corporation Sub-Servicer
								Distribution Date: September 25, 2002
	Underwriter(s):		Countrywide Securities Co-Lead Underwriter					Record Date: September 24, 2002
			Lehman Brothers Securities Corporation Co-Lead Underwriter					August 30, 2002
			Banc One Capital Markets
			Sandler O'Neill & Partners, L.P




						Page 1 of 24					© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Certificate Payment Report for September 25, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

1-A-1	FLT, STEP,	520,250,000.00			513,895,082.70	890,751.48	6,323,010.76	7,213,762.24	-	-	507,572,071.94
1-A-2	FLT, STEP,	184,000,000.00			181,752,417.53	344,572.29	2,236,297.89	2,580,870.18	-	-	179,516,119.64
B	SUB, FLT, S	41,250,000.00			40,746,126.21	136,159.97	501,343.96	637,503.93	-	-	40,244,782.25
Cert	R	-			-	2,224,534.39	-	2,224,534.39	-	-	-


Total		745,500,000.00			736,393,626.44	3,596,018.13	9,060,652.61	12,656,670.74	-	-	727,332,973.83


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

1-A-1	08/26/02	09/24/02		A-Act/360	45254NCN5	520,250,000.00	987.784878	1.712160	12.153793	13.865953	975.631085
1-A-2	08/26/02	09/24/02		A-Act/360	45254NCP0	184,000,000.00	987.784878	1.872675	12.153793	14.026468	975.631085
B	08/26/02	09/24/02		A-Act/360	45254NCQ8	41,250,000.00	987.784878	3.300848	12.153793	15.454641	975.631085
Cert	08/26/02	09/24/02		-		-	-	-	-	-	-


							Page 2 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Certificate Payment Report for September 25, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

1-A-1	520,250,000.00		2,745,721.54		11,462,098.94	1,215,829.12	12,677,928.06	15,423,649.60	-	-	507,572,071.94
1-A-2	184,000,000.00		1,061,308.89		4,053,870.64	430,009.72	4,483,880.36	5,545,189.25	-	-	179,516,119.64
B	41,250,000.00		417,873.96		908,816.11	96,401.64	1,005,217.75	1,423,091.71	-	-	40,244,782.25
Cert	-		6,081,447.82		-	-	-	6,081,447.82	-	-	-


Total	745,500,000.00		10,306,352.21		16,424,785.69	1,742,240.48	18,167,026.17	28,473,378.38	-	-	727,332,973.83


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

1-A-1	2.08000%	513,895,082.70			890,751.48	-	-	-	890,751.48	890,751.48	-
1-A-2	2.27500%	181,752,417.53			344,572.29	-	-	-	344,572.29	344,572.29	-
B	4.01000%	40,746,126.21			136,159.97	-	-	-	136,159.97	136,159.97	-
Cert		-			-	-	-	-	2,224,534.39	2,224,534.39	-


Total		736,393,626.44			1,371,483.74	-	-	-	3,596,018.13	3,596,018.13	-


							Page 3 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Collection Account Report for September 25, 2002 Distribution


	Collection Account Report


SUMMARY						ADJUSTABLE	FIXED	TOTAL

	Principal Collections					9,029,622.03	31,030.57	9,060,652.60
	Principal Withdrawals					0.00	0.00	0.00
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL PRINCIPAL					9,029,622.03	31,030.57	9,060,652.60

	Interest Collections					3,861,195.35	3,632.77	3,864,828.12
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(254,221.14)	(51.78)	(254,272.92)
	TOTAL INTEREST					3,606,974.21	3,580.99	3,610,555.20

	TOTAL AVAILABLE FUNDS TO BONDHOLDERS					12,636,596.24	34,611.56	12,671,207.80


PRINCIPAL - COLLECTIONS						ADJUSTABLE	FIXED	TOTAL

	Scheduled Principal					651,414.27	528.38	651,942.65
	Curtailments					65,826.03	163.65	65,989.68
	Prepayments in Full					7,837,064.53	30,338.54	7,867,403.07
	Repurchases/Substitutions					475,317.20	0.00	475,317.20
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Other Additional Principal					0.00	0.00	0.00
	Delinquent Principal					(480,575.22)	(528.38)	(481,103.60)
	Realized Losses					0.00	0.00	0.00
	Substitution Adjustments- Principal					0.00	0.00	0.00
	Termination Price Amounts- Principal					0.00	0.00	0.00
	Additional Principal Amts					0.00	0.00	0.00
	Principal Advanced					480,575.22	528.38	481,103.60

	TOTAL PRINCIPAL					9,029,622.03	31,030.57	9,060,652.60


				Page 4 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Collection Account Report for September 25, 2002 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - COLLECTIONS						ADJUSTABLE	FIXED	TOTAL

	Scheduled Interest					4,040,568.43	3,903.79	4,044,472.22
	Repurchases/Substitutions					2,772.68	0.00	2,772.68
	Liquidations					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Additional Interest					0.00	0.00	0.00
	Prepayment Interest Shortfalls					(35,952.07)	(403.25)	(36,355.32)
	Relief Act Interest Shortfalls					0.00	0.00	0.00
	Delinquent Interest					(2,963,641.09)	(2,972.43)	(2,966,613.52)
	Interest Realized Losses					0.00	0.00	0.00
	Compensating Interest					35,952.07	403.25	36,355.32
	Substitution Adjustments- Interest					0.00	0.00	0.00
	Termination Price Amounts- Interest					0.00	0.00	0.00
	Additional Interest Amts					0.00	0.00	0.00
	Interest Prepayment Premiums					0.00	0.00	0.00
	Interest Advanced					2,781,495.33	2,701.41	2,784,196.74
	Cap Contract Payment Amt					0.00	0.00	0.00

	TOTAL INTEREST					3,861,195.35	3,632.77	3,864,828.12


				Page 5 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Collection Account Report for September 25, 2002 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS						ADJUSTABLE	FIXED	TOTAL

	Prev. Unreimbursed PMI Premiums					0.00	0.00	0.00
	Prev. Unreimbursed Spec Haz Premiums					0.00	0.00	0.00
	Prev. Unreimbursed Liq. Expenses					0.00	0.00	0.00
	Prev. Unreimbursed Master/Sub-Servicing Fees					0.00	0.00	0.00
	Amt Rvcd Not Due Bondholder /Deposits in Error					0.00	0.00	0.00
	Prev. Unreimb. P&I Advances/Non Recov Advances					0.00	0.00	0.00
	Prev. Unreimbursed Servicing Advances					0.00	0.00	0.00
	Clear and Terminate Collection Account					0.00	0.00	0.00

	TOTAL INTEREST WITHDRAWALS					0.00	0.00	0.00

INTEREST - OTHER ACCOUNTS						ADJUSTABLE	FIXED	TOTAL

	Cap Contract Payment Amounts							0.00
	Floor Contract Payment Amounts							14,537.06
	Swap Contract Payment Amounts							0.00


INTEREST - FEES						ADJUSTABLE	FIXED	TOTAL

	Owner Trustee Fee					1,048.90	0.70	1,049.60
	Indenture Trustee Fee					1,696.75	1.13	1,697.88
	Bond Insurance Premium Amount					100,200.36	0.00	100,200.36
	Radian PMI Insurance Premiums					83,535.95	0.00	83,535.95
	Current Servicing Fees					67,739.18	49.95	67,789.13

	TOTAL INTEREST FEES					254,221.14	51.78	254,272.92


				Page 6 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Credit Enhancement Report for September 25, 2002 Distribution


	Credit Enhancement Report


ACCOUNTS						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INSURANCE						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES						ADJUSTABLE	FIXED	TOTAL

	Current Periods Required Overcollateralization Amt							4,500,000.00
	Current Periods Overcollateralization Amt							4,500,000.00
	Current Periods Extra Principal Distribution							0.01
	Current Periods Net Monthly Excess Cashflow							2,224,534.40
	Current Periods Overcollateralization Release							0.00

	60 Day Rolling Delinquency Amount							691,819.44
	90 Day Rolling Delinquency Amount							664,537.75

	Available Funds Rate							5.8553%


				Page 7 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Collateral Report for September 25, 2002 Distribution


	Collateral Report


COLLATERAL						ADJUSTABLE	FIXED	TOTAL
	Loan Count:
	*Original*					2590	7	2597
	Prior					3,090	7	3,097
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(32)	(1)	(33)
	Repurchases					(1)	-	(1)
	Liquidations					-	-	-
	Current					3,057	6	3,063

	*Principal Balance:*
	Original					617,042,448.41	493,806.30	617,536,254.71
	Prior					740,399,815.84	493,810.59	740,893,626.43
	Prefunding					-	-	-
	Scheduled Principal					(651,414.27)	(528.38)	(651,942.65)
	Partial and Full Voluntary Prepayments					(7,902,890.56)	(30,502.19)	(7,933,392.75)
	Repurchases					(475,317.20)	-	(475,317.20)
	Liquidations					-	-	-
	Current					731,370,193.81	462,780.02	731,832,973.83

PREFUNDING						ADJUSTABLE	FIXED	TOTAL

	PRE-FUNDING ACCOUNT

	Original Pre-Funded Amount							132,463,745.29
	Balance of Subsequent Mortgage Loans added this period							132,463,745.29
	Withdrawal remaining amounts							0.00
	Pre-Funding Account Ending Balance							0.00


	Fixed
	Adjustable
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 8 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Collateral Report for September 25, 2002 Distribution


	Collateral Report


CHARACTERISTICS						ADJUSTABLE	FIXED	TOTAL

	Weighted Average Coupon Original					6.565845%	9.484984%	6.568179%
	Weighted Average Coupon Prior					6.566281%	9.487102%	6.568215%
	Weighted Average Coupon Current					6.553229%	9.486516%	6.555184%
	Weighted Average Months to Maturity Original					357	258	357
	Weighted Average Months to Maturity Prior					357	257	357
	Weighted Average Months to Maturity Current					356	264	356
	Weighted Avg Remaining Amortization Term Original					357	257	357
	Weighted Avg Remaining Amortization Term Prior					356	256	356
	Weighted Avg Remaining Amortization Term Current					355	263	355
	Weighted Average Seasoning Original					3.31	16.62	3.32
	Weighted Average Seasoning Prior					3.76	17.62	3.77
	Weighted Average Seasoning Current					4.76	16.83	4.76

Note: Original information refers to deal issue.


	Fixed
	Adjustable
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 9 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Collateral Report for September 25, 2002 Distribution


	Collateral Report


ARM CHARACTERISTICS						ADJUSTABLE	FIXED	TOTAL

	Weighted Average Margin Original					2.920%
	Weighted Average Margin Prior					2.915%
	Weighted Average Margin Current					2.914%
	Weighted Average Max Rate Original					12.888%
	Weighted Average Max Rate Prior					12.856%
	Weighted Average Max Rate Current					12.853%
	Weighted Average Min Rate Original					3.140%
	Weighted Average Min Rate Prior					3.133%
	Weighted Average Min Rate Current					3.131%
	Weighted Average Cap Up Original					1.010%
	Weighted Average Cap Up Prior					1.009%
	Weighted Average Cap Up Current					1.009%
	Weighted Average Cap Down Original					1.010%
	Weighted Average Cap Down Prior					1.009%
	Weighted Average Cap Down Current					1.009%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						ADJUSTABLE	FIXED	TOTAL

	Current Servicing Fees					67,739.18	49.95	67,789.13
	Delinquent Servicing Fees					182,145.76	271.02	182,416.78
	TOTAL SERVICING FEES					249,884.94	320.97	250,205.91

	Total Servicing Fees					249,884.94	320.97	250,205.91
	Compensating Interest					(35,952.07)	(403.25)	(36,355.32)
	Delinquent Servicing Fees					(182,145.76)	(271.02)	(182,416.78)
	COLLECTED SERVICING FEES					31,787.11	(353.30)	31,433.81

	Current PPIS					35,952.07	403.25	36,355.32
	Current Net PPIS					0.00	0.00	0.00

	Total Advanced Principal For Current Payment Date					480,575.22	528.38	481,103.60
	Total Advanced Interest For Current Payment Date					2,781,495.33	2,701.41	2,784,196.74
	TOTAL ADVANCES FOR CURRENT PERIOD					3,262,070.55	3,229.79	3,265,300.34


ADDITIONAL COLLATERAL INFORMATION						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


				Page 10 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Delinquency Report for September 25, 2002 Distribution


	Delinquency Report - Total


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			1,132,728.37	81,845.09	-	1,214,573.46
		% Balance			0.15%	0.01%	0.00%	0.17%
		# Loans			7	1	-	8
		% # Loans			0.23%	0.03%	0.00%	0.26%
FORECLOSURE		Balance		-	-	151,952.24	-	151,952.24
		% Balance		0.00%	0.00%	0.02%	0.00%	0.02%
		# Loans		-	-	2	-	2
		% # Loans		0.00%	0.00%	0.07%	0.00%	0.07%
BANKRUPTCY		Balance		613,120.69	-	-	-	613,120.69
		% Balance		0.08%	0.00%	0.00%	0.00%	0.08%
		# Loans		4	-	-	-	4
		% # Loans		0.13%	0.00%	0.00%	0.00%	0.13%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		613,120.69	1,132,728.37	233,797.33	-	1,979,646.39
		% Balance		0.08%	0.15%	0.03%	0.00%	0.27%
		# Loans		4	7	3	-	14
		% # Loans		0.13%	0.23%	0.10%	0.00%	0.46%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 11 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Delinquency Report for September 25, 2002 Distribution


	Delinquency Report - Fixed Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 12 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Delinquency Report for September 25, 2002 Distribution


	Delinquency Report - Adjustable Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			1,132,728.37	81,845.09	-	1,214,573.46
		% Balance			0.15%	0.01%	0.00%	0.17%
		# Loans			7	1	-	8
		% # Loans			0.23%	0.03%	0.00%	0.26%
FORECLOSURE		Balance		-	-	151,952.24	-	151,952.24
		% Balance		0.00%	0.00%	0.02%	0.00%	0.02%
		# Loans		-	-	2	-	2
		% # Loans		0.00%	0.00%	0.07%	0.00%	0.07%
BANKRUPTCY		Balance		613,120.69	-	-	-	613,120.69
		% Balance		0.08%	0.00%	0.00%	0.00%	0.08%
		# Loans		4	-	-	-	4
		% # Loans		0.13%	0.00%	0.00%	0.00%	0.13%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		613,120.69	1,132,728.37	233,797.33	-	1,979,646.39
		% Balance		0.08%	0.15%	0.03%	0.00%	0.27%
		# Loans		4	7	3	-	14
		% # Loans		0.13%	0.23%	0.10%	0.00%	0.46%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 13 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	REO Report for September 25, 2002 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Fixed Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Adjustable Group; REO Book Value = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00

REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


				Page 14 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Prepayment Report for September 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						ADJUSTABLE	FIXED	TOTAL

	*Current*
	Number of Paid in Full Loans					32	1	33
	Number of Repurchased Loans					1	-	1
	Total Number of Loans Prepaid in Full					33	1	34

	Paid in Full Balance					7,837,064.53	30,338.54	7,867,403.07
	Repurchased Loans Balance					475,317.20	-	475,317.20
	Curtailments Amount					65,826.03	163.65	65,989.68
	Total Prepayment Amount					8,378,207.76	30,502.19	8,408,709.95

	*Cumulative*
	Number of Paid in Full Loans					61	1	62
	Number of Repurchased Loans					4	-	4
	Total Number of Loans Prepaid in Full					65	1	66

	Paid in Full Balance					14,952,372.13	30,338.54	14,982,710.67
	Repurchased Loans Balance					1,275,831.59	-	1,275,831.59
	Curtailments Amount					163,502.73	(896.84)	162,605.89
	Total Prepayment Amount					16,391,706.45	29,441.70	16,421,148.15


	Current Prin Balance of Repurchases Per Sec 3.18					0.00	0.00	0.00
	Cumulative Prin Balance of Repurchases Per Sec 3.18					0.00	0.00	0.00


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 15 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Prepayment Report for September 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						ADJUSTABLE	FIXED	TOTAL

	SMM					1.13%	6.18%	1.14%
	3 Months Avg SMM					0.76%	2.12%	0.76%
	12 Months Avg SMM
	Avg SMM Since Cut-off					0.76%	2.12%	0.76%

	CPR					12.78%	53.51%	12.81%
	3 Months Avg CPR					8.73%	22.69%	8.73%
	12 Months Avg CPR
	Avg CPR Since Cut-off					8.73%	22.69%	8.73%

	PSA					1343.17%	1589.79%	1344.76%
	3 Months Avg PSA Approximation					1106.83%	666.36%	1105.37%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					1106.83%	666.36%	1105.37%



	Fixed
	Adjustable


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 16 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Prepayment Report for September 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments

	Fixed
	Adjustable

CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off


PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off


PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.

				Page 17 of 24				© COPYRIGHT 2002 Deutsche Bank


	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Prepayment Detail Report for September 25, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 34						Loan Group 1 = Fixed Group
Total Original Principal Balance = 8,369,880.00						Loan Group 2 = Adjustable Group
Total Prepayment Amount = 8,342,720.27


Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

3900003210 1			33,000.00	30,338.54	Aug-01-02	15.950%	CA - 20.00%	Paid Off - 180	Apr-07-99
1100335287 2			410,000.00	408,541.06	Aug-02-02	6.625%	CA - 79.62%	Paid Off - 360	May-21-02
1100341559 2			279,580.00	279,074.16	Aug-01-02	11.875%	MN - 95.00%	Paid Off - 360	Jun-21-02
1100344166 2			427,000.00	425,443.36	Aug-27-02	6.500%	CA - 70.00%	Paid Off - 360	Apr-30-02
1100348251 2			153,900.00	153,640.68	Aug-15-02	6.875%	CA - 90.00%	Paid Off - 360	Jun-20-02
1100348664 2			363,750.00	362,605.19	Aug-26-02	5.750%	CA - 75.00%	Paid Off - 360	May-06-02
1100349533 2			396,000.00	394,971.38	Aug-09-02	6.750%	CA - 80.00%	Paid Off - 360	Jun-10-02
1100349587 2			77,400.00	77,312.90	Aug-22-02	8.875%	FL - 90.00%	Paid Off - 360	Jun-07-02
1100349832 2			210,400.00	209,638.43	Aug-12-02	5.000%	CA - 80.00%	Paid Off - 360	May-02-02
1100350430 2			487,500.00	486,001.60	Aug-20-02	5.875%	NJ - 75.00%	Paid Off - 360	May-03-02
1100350475 2			288,150.00	287,551.16	Aug-20-02	7.875%	MD - 85.00%	Paid Off - 360	May-10-02
1100351011 2			136,000.00	135,695.31	Aug-09-02	7.500%	AZ - 78.17%	Paid Off - 360	Apr-29-02
1100351193 2			176,000.00	175,724.57	Aug-21-02	7.250%	CA - 80.00%	Paid Off - 360	Jun-20-02
1100352757 2			169,000.00	168,708.18	Aug-06-02	6.750%	CA - 70.42%	Paid Off - 360	Jun-24-02
1100353476 2			235,000.00	234,604.01	Aug-21-02	6.875%	FL - 60.26%	Paid Off - 360	Jun-14-02
1100353588 2			151,875.00	151,806.00	Aug-30-02	9.875%	IL - 75.00%	Paid Off - 360	Jun-21-02
1100354072 2			312,075.00	311,960.66	Aug-28-02	10.875%	MA - 95.00%	Paid Off - 360	Jul-09-02
1109005181 2			378,150.00	377,167.75	Aug-22-02	6.750%	CA - 90.00%	Paid Off - 360	May-13-02
1109006065 2			120,800.00	119,721.41	Aug-23-02	6.125%	FL - 80.00%	Paid Off - 360	May-31-02
1109006090 2			135,000.00	134,746.50	Aug-28-02	8.375%	NY - 90.00%	Paid Off - 360	May-22-02
1109006091 2			160,650.00	160,115.87	Aug-07-02	8.250%	MI - 85.00%	Paid Off - 360	May-31-02
1109006605 2			114,000.00	113,803.15	Aug-26-02	6.750%	CA - 95.00%	Paid Off - 360	Jun-24-02
2500015974 2			202,500.00	201,934.32	Aug-21-02	6.375%	CA - 90.00%	Paid Off - 360	Apr-25-02
2500016061 2			218,000.00	217,401.85	Aug-23-02	6.875%	NV - 100.00%	Paid Off - 360	Apr-30-02
2500016118 2			146,800.00	146,418.67	Aug-14-02	6.750%	IL - 80.00%	Paid Off - 360	May-01-02
2500016759 2			381,800.00	381,311.40	Aug-29-02	8.250%	CA - 80.00%	Paid Off - 360	May-22-02
2500016781 2			266,000.00	266,000.00	Aug-07-02	8.375%	CA - 95.00%	Paid Off - 360	May-28-02
2500016805 2			213,750.00	213,291.89	Aug-16-02	5.625%	CA - 75.00%	Paid Off - 360	May-16-02
2500017111 2			276,000.00	275,668.37	Aug-21-02	5.000%	MA - 80.00%	Paid Off - 360	Jun-10-02
2500017683 2			245,000.00	244,789.06	Aug-01-02	6.750%	CA - 100.00%	Paid Off - 360	Jun-14-02
2500017822 2			490,500.00	490,067.24	Aug-01-02	6.625%	CA - 90.00%	Paid Off - 360	Jun-18-02
3900003097 2			155,800.00	150,555.54	Aug-21-02	7.250%	CA - 95.00%	Paid Off - 360	Jan-06-99
3900003275 2			82,400.00	80,792.86	Aug-06-02	10.250%	IN - 80.00%	Paid Off - 360	Jun-22-99
1100352783 2			476,100.00	475,317.20	Sep-01-02	7.000%	CA - 90.00%	Repur/Subs - 360	Jun-05-02


					Page 18 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Realized Loss Report for September 25, 2002 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES						ADJUSTABLE	FIXED	TOTAL

	*Current*
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-

	*Cumulative*
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-

	Note: Collateral realized losses may include adjustments to loans liquidated in prior periods.


	Cumulative Loss Percentage For Related Payment Date							0.0000%


	Fixed						3 Months Moving Average
	Adjustable

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 19 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Realized Loss Report for September 25, 2002 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS						ADJUSTABLE	FIXED	TOTAL

	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR					0.00%	0.00%	0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%

	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR					0.00%	0.00%	0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%

	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation					0.00%	0.00%	0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.00%	0.00%

	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off

	Fixed
	Adjustable
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 20 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Realized Loss Report for September 25, 2002 Distribution


	Realized Loss Report - Collateral

	Fixed
	Adjustable

CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off


SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off


COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.

				Page 21 of 24				© COPYRIGHT 2002 Deutsche Bank


	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Realized Loss Detail Report for September 25, 2002 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 0						Loan Group 1 = Fixed Group
Total Original Principal Balance = 0.00						Loan Group 2 = Adjustable Group
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00


Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


					Page 22 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Triggers, Adj. Rate Cert. and Miscellaneous Report for September 25, 2002 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADJUSTABLE RATE CERTIFICATE INFORMATION						ADJUSTABLE	FIXED	TOTAL

	Current Periods Basis Risk Shortfall Carry Forward Amt							0.00
	Cumulative Basis Risk Shortfall Carry Forward Amt							0.00

	Current Periods LIBOR Rate							1.8100%


ADDITIONAL INFORMATION						ADJUSTABLE	FIXED	TOTAL


	Current Net Mortgage Rate							6.0102%


				Page 23 of 24				© COPYRIGHT 2002 Deutsche Bank
	Impac CMB Trust 2002-3
	Collateralized Asset-Backed Bonds
	Series 2002-3
	Other Related Information for September 25, 2002 Distribution


	Other Related Information


ADDITIONAL INFORMATION						ADJUSTABLE	FIXED	TOTAL

	Total Derivative Payments							13,524.18
	BXIMP023C1							0.00
	BXIMP023C2							0.00
	BXIMP023C3							0.00
	BXIMP023C4							0.00
	BXIMP023C5							0.00
	BXIMP023C6							0.00
	CPC2668							0.00
	BXNC103666							0.00
	BXNC103827							0.00
	N/A							0.00
	N/A							0.00
	N/A							0.00
	N/A							0.00
	N/A							4,134.28
	N/A							3,730.52
	BXIMP023F1							5,111.71
	BXIMP023F2							547.68


				Page 24 of 24				© COPYRIGHT 2002 Deutsche Bank

COLLATERALIZED ASSET-BACKED BONDS SERIES 2002-3 8-K/A