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): ~~June~~July 25, 2003 IMPAC CMB TRUST SERIES 2003-3. (as Company under a Series 2003-3 Indenture, dated as of February 27,2003 providing for, inter alia, the issuance of Collateralized Asset Backed Bonds, Series 2003-3). IMPAC CMB TRUST COLLATERLIZED AS BOND SERIES 2003-3 (Exact name of Registrant as specified in its Charter) California (State or Other Jurisdiction of Incorporation) 333-83600-08 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 ~~June~~July 25, 2003.. 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 February 27,2003. Date: ~~Jul~~Aug 0201, 2003 By: /s/ ~~David~~Katherine CoM. ~~David~~Wannenmacher CoKatherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~June~~July 25, 2003.

	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	June 25, 2003 Distribution
	July 25, 2003 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 Noriega
				Direct Phone Number: (714)247-6281
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		IMPAC Mortgage Holdings Inc.					Cut-Off Date: February 1, 2003
	Certificate Insurer(s):							Closing Date: February 27, 2003
								First Payment Date: March 25, 2003
	Servicer(s):		Impac Funding Corporation Master Servicer
			Wendover Funding, Inc. Sub-Servicer
			Countrywide Home Loans, Inc. Sub-Servicer
								Distribution Date: June 25, 2003
								Distribution Date: July 25, 2003
	Underwriter(s):		Countrywide Securities Co-Lead Underwriter					Record Date: ~~June~~July 23, 2003
								May 30, 2003
								June 30, 2003
						Page 1 of 24					© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Certificate Payment Report for June 25, 2003 Distribution
	Certificate Payment Report for July 25, 2003 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)
A-1	FLT, STEP,	206,850,000.00			~~202~~198,~~288~~743,~~231~~827.6324	~~277~~234,~~022~~352.4910	3,~~544~~398,~~404~~469.3976	3,~~821~~632,~~426~~821.8886	-	-	~~198~~195,~~743~~345,~~827~~357.2448
A-2	FLT, STEP,	30,900,000.00			3029,~~218~~689,~~546~~070.5764	4437,~~303~~977.7527	~~529~~507,~~475~~675.9369	~~573~~545,~~779~~652.6896	-	-	29,~~689~~181,~~070~~394.6495
M-1	MEZ, FLT, S	24,000,000.00			23,~~470~~059,~~715~~472.7834	4136,~~028~~222.1259	~~411~~394,~~243~~311.4421	~~452~~430,~~271~~533.5680	-	-	2322,~~059~~665,~~472~~161.3413
M-2	MEZ, FLT, S	16,500,000.00			1615,~~136~~853,~~117~~387.1024	4037,~~555~~453.4463	~~282~~271,~~729~~088.8696	~~323~~308,~~285~~542.3059	-	-	15,~~853~~582,~~387~~298.2428
B	SUB, FLT, S	19,500,000.00			1918,~~069~~735,~~956~~821.5728	6662,~~363~~999.4520	~~334~~320,~~135~~377.2986	~~400~~383,~~498~~377.7406	-	-	18,~~735~~415,~~821~~443.2842
Cert	R	-			-	~~718~~686,~~303~~208.9004	-	~~718~~686,~~303~~208.9004	-	-	-
Total		297,750,000.00			~~291~~286,~~183~~081,~~567~~578.6574	1,~~187~~095,~~577~~212.1583	54,~~101~~891,~~988~~923.9148	65,~~289~~987,~~566~~136.0631	-	-	~~286~~281,~~081~~189,~~578~~655.7426
	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)
A-1	0506/2725/03	0607/24/03		A-Act/360	45254NDY0	206,850,000.00	~~977~~960.~~946491~~811348	1.~~339243~~132957	1716.~~135143~~429634	1817.~~474387~~562591	~~960~~944.~~811348~~381714
A-2	0506/2725/03	0607/24/03		A-Act/360	45254NDZ7	30,900,000.00	~~977~~960.~~946491~~811348	1.~~433778~~229038	1716.~~135143~~429634	1817.~~568922~~658672	~~960~~944.~~811348~~381714
M-1	0506/2725/03	0607/24/03		A-Act/360	45254NEA1	24,000,000.00	~~977~~960.~~946491~~811348	1.~~709505~~509275	1716.~~135143~~429634	1817.~~844648~~938908	~~960~~944.~~811348~~381714
M-2	0506/2725/03	0607/24/03		A-Act/360	45254NEB9	16,500,000.00	~~977~~960.~~946491~~811348	2.~~457905~~269917	1716.~~135143~~429634	1918.~~593049~~699551	~~960~~944.~~811348~~381714
B	0506/2725/03	0607/24/03		A-Act/360	45254NEC7	19,500,000.00	~~977~~960.~~946491~~811348	3.~~403254~~230728	1716.~~135143~~429634	2019.~~538397~~660362	~~960~~944.~~811348~~381714
Cert				-		-	-	-	-	-	-
							Page 2 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Certificate Payment Report for June 25, 2003 Distribution
	Certificate Payment Report for July 25, 2003 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)
A-1	206,850,000.00		1,~~142~~377,~~685~~037.6979		710,~~700~~990,~~161~~323.7564	~~406~~514,~~011~~318.0188	811,~~106~~504,~~172~~642.7552	912,~~248~~881,~~858~~680.4431	-	-	~~198~~195,~~743~~345,~~827~~357.2448
A-2	30,900,000.00		~~182~~220,~~750~~727.3663		1,~~150~~641,~~277~~774.9723	6076,~~651~~830.3981	1,~~210~~718,~~929~~605.3605	1,~~393~~939,~~679~~332.7268	-	-	29,~~689~~181,~~070~~394.6495
M-1	24,000,000.00		~~169~~205,~~243~~466.9453		~~893~~1,~~419~~275,164.7845	4759,~~107~~674.8842	~~940~~1,~~527~~334,838.6687	1,~~109~~540,~~771~~305.6040	-	-	2322,~~059~~665,~~472~~161.3413
M-2	16,500,000.00		~~167~~204,~~302~~756.5316		~~614~~876,~~226~~675.1056	3241,~~386~~026.6616	~~646~~917,~~612~~701.7772	~~813~~1,~~915~~122,457.3088	-	-	15,~~853~~582,~~387~~298.2428
B	19,500,000.00		~~273~~336,~~776~~775.4868		~~725~~1,~~903~~036,071.5712	3848,~~275~~485.1546	~~764~~1,~~178~~084,556.7258	1,~~037~~421,~~955~~332.2026	-	-	18,~~735~~415,~~821~~443.2842
Cert	-		23,~~536~~222,~~671~~879.8791		-	-	-	23,~~536~~222,~~671~~879.8791	-	-	-
Total	297,750,000.00		45,~~472~~567,~~430~~643.8770		1115,~~083~~820,~~989~~009.1701	~~584~~740,~~432~~335.0973	1116,~~668~~560,~~421~~344.2674	1622,~~140~~127,~~852~~988.1344	-	-	~~286~~281,~~081~~189,~~578~~655.7426
	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)
A-1	1.~~70000~~41500%	~~202~~198,~~288~~743,~~231~~827.6324			~~277~~234,~~022~~352.4910	-	-	-	~~277~~234,~~022~~352.4910	~~277~~234,~~022~~352.4910	-
A-2	1.~~82000~~53500%	3029,~~218~~689,~~546~~070.5764			4437,~~303~~977.7527	-	-	-	4437,~~303~~977.7527	4437,~~303~~977.7527	-
M-1	21.~~17000~~88500%	23,~~470~~059,~~715~~472.7834			4136,~~028~~222.1259	-	-	-	4136,~~028~~222.1259	4136,~~028~~222.1259	-
M-2	32.~~12000~~83500%	1615,~~136~~853,~~117~~387.1024			4037,~~555~~453.4463	-	-	-	4037,~~555~~453.4463	4037,~~555~~453.4463	-
B	4.~~32000~~03500%	1918,~~069~~735,~~956~~821.5728			6662,~~363~~999.4520	-	-	-	6662,~~363~~999.4520	6662,~~363~~999.4520	-
Cert		-			-	-	-	-	~~718~~686,~~303~~208.9004	~~718~~686,~~303~~208.9004	-
Total		~~291~~286,~~183~~081,~~567~~578.6574			~~469~~409,~~273~~004.2579	-	-	-	1,~~187~~095,~~577~~212.1583	1,~~187~~095,~~577~~212.1583	-
							Page 3 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report for July 25, 2003 Distribution
	Collection Account Report
SUMMARY						ADJUSTABLE	FIXED	TOTAL
	Principal Collections					54,~~098~~816,~~394~~418.6285	375,~~594~~504.3063	54,~~101~~891,~~988~~923.9248
	Principal Withdrawals					0.00	0.00	0.00
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL PRINCIPAL					54,~~098~~816,~~394~~418.6285	375,~~594~~504.3063	54,~~101~~891,~~988~~923.9248
	Interest Collections					1,~~405~~370,~~203~~675.7505	34,~~264~~203.0992	1,~~439~~404,~~467~~878.8497
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	(~~124~~184,~~850~~735.2752)
	Interest Fees					(~~124~~122,~~766~~683.9783)	(2,~~273~~246.4679)	(~~127~~124,~~040~~930.4362)
	TOTAL INTEREST					1,~~280~~247,~~436~~991.7822	31,~~990~~957.6313	1,~~187~~095,~~577~~212.1483
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS					6,~~378~~064,~~831~~410.4007	35107,~~584~~461.9376	65,~~289~~987,~~566~~136.0631
PRINCIPAL - COLLECTIONS						ADJUSTABLE	FIXED	TOTAL
	Scheduled Principal					~~153~~155,~~998~~903.2464	~~3,594~~0.3000	~~157~~155,~~592~~903.5464
	Curtailments					5026,~~618~~474.6966	03,720.0090	5030,~~618~~195.6956
	Prepayments in Full					4,~~893~~634,~~777~~040.6955	071,783.0073	4,~~893~~705,~~777~~824.6928
	Repurchases/Substitutions					0.00	0.00	0.00
	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					(43,~~678~~133.8601)	~~(324~~0.~~54)~~00	(53,~~003~~133.4001)
	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					43,~~678~~133.8601	~~324~~0.5400	53,~~003~~133.4001
	TOTAL PRINCIPAL					54,~~098~~816,~~394~~418.6285	375,~~594~~504.3063	54,~~101~~891,~~988~~923.9248
				Page 4 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report for July 25, 2003 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					1,~~407~~372,~~208~~434.2911	34,~~332~~296.3347	1,~~441~~406,~~540~~730.6258
	Repurchases/Substitutions					0.00	0.00	0.00
	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					0.00	0.00	0.00
	Relief Act Interest Shortfalls					0.00	0.00	0.00
	Delinquent Interest					(3431,~~329~~566.4240)	(1,~~256~~770.1921)	(3533,~~585~~336.61)
	Interest Realized Losses					0.00	0.00	0.00
	Compensating Interest					0.00	0.00	0.00
	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					3229,~~324~~807.8834	1,~~187~~677.9566	3331,~~512~~485.8300
	Cap Contract Payment Amt					0.00	0.00	0.00
	TOTAL INTEREST					1,~~405~~370,~~203~~675.7505	34,~~264~~203.0992	1,~~439~~404,~~467~~878.8497
				Page 5 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report for July 25, 2003 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 Amount							0.00
	Floor Contract Payment Amounts							0.00
	Swap Contract Payment Amounts							~~124~~184,~~850~~735.2752
INTEREST - FEES						ADJUSTABLE	FIXED	TOTAL
	Owner Trustee Fee					~~410~~403.6744	5.0403	~~415~~408.7147
	Indenture Trustee Fee					2,~~113~~076.7052	25.9290	2,~~139~~102.6242
	CMAC PMI Insurance Premiums					2625,~~413~~849.1162	0.00	2625,~~413~~849.1162
	Current Servicing Fees					9594,~~829~~354.4925	2,~~242~~215.5086	9896,~~071~~570.9911
	TOTAL INTEREST FEES					~~124~~122,~~766~~683.9783	2,~~273~~246.4679	~~127~~124,~~040~~930.4362
				Page 6 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Credit Enhancement Report for June 25, 2003 Distribution
	Credit Enhancement Report for July 25, 2003 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							2,250,000.89
	Current Periods Overcollateralization Amt							2,250,000.89
	Current Periods Extra Principal Distribution							0.00
	Current Periods Net Monthly Excess Cashflow							~~718~~686,~~303~~208.9004
	Current Periods Overcollateralization Release							0.0100
	60 Day Rolling Delinquency Amount							~~249~~456,~~556~~433.0728
	90 Day Rolling Delinquency Amount							057,758.0068
	Available Funds Rate							5.~~5952~~3689%
				Page 7 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Collateral Report for June 25, 2003 Distribution
	Collateral Report for July 25, 2003 Distribution
	Collateral Report
COLLATERAL						ADJUSTABLE	FIXED	TOTAL
	Loan Count:
	Original					1111	61	1172
	Prior					1,~~088~~074	58	1,~~146~~132
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(1418)	-(1)	(1419)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					1,~~074~~056	5857	1,~~132~~113
	Principal Balance:
	Original					296,328,418.54	3,671,699.80	300,000,118.34
	Prior					~~289~~284,~~878~~780,~~578~~184.9533	3,~~554~~551,~~989~~395.6030	~~293~~288,~~433~~331,~~568~~579.5563
	Prefunding					-	-	-
	Scheduled Principal					(~~153~~155,~~998~~903.2464)	~~(3,594.30)~~-	(~~157~~155,~~592~~903.5464)
	Partial and Full Voluntary Prepayments					(4,~~944~~660,~~396~~515.3821)	-(75,504.63)	(4,~~944~~736,~~396~~019.3884)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~284~~279,~~780~~963,~~184~~765.3348	3,~~551~~475,~~395~~890.3067	~~288~~283,~~331~~439,~~579~~656.6315
PREFUNDING						ADJUSTABLE	FIXED	TOTAL
	PRE-FUNDING ACCOUNT
	Original Pre-Funded Amount							0.00
	Balance of Subsequent Mortgage Loans added this period							0.00
	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 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Collateral Report for June 25, 2003 Distribution
	Collateral Report for July 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS						ADJUSTABLE	FIXED	TOTAL
	Weighted Average Coupon Original					4.483084%	11.231347%	4.565676%
	Weighted Average Coupon Prior					5.~~851794~~825370%	11.~~601405~~589007%	5.~~922762~~895197%
	Weighted Average Coupon Current					5.~~825370~~783130%	11.~~589007~~588618%	5.~~895197~~854637%
	Weighted Average Months to Maturity Original					359	174	357
	Weighted Average Months to Maturity Prior					~~357~~356	~~172~~168	~~355~~354
	Weighted Average Months to Maturity Current					~~356~~355	~~168~~170	~~354~~353
	Weighted Avg Remaining Amortization Term Original					359	325	359
	Weighted Avg Remaining Amortization Term Prior					~~357~~356	~~324~~323	~~357~~356
	Weighted Avg Remaining Amortization Term Current					~~356~~355	~~323~~324	~~356~~355
	Weighted Average Seasoning Original					0.64	9.49	0.75
	Weighted Average Seasoning Prior					23.62	1011.6261	23.72
	Weighted Average Seasoning Current					34.6260	1112.6171	34.7270
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 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Collateral Report for June 25, 2003 Distribution
	Collateral Report for July 25, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						ADJUSTABLE	FIXED	TOTAL
	Weighted Average Margin Original					2.967%
	Weighted Average Margin Prior					2.969%
	Weighted Average Margin Current					2.~~969~~970%
	Weighted Average Max Rate Original					11.906%
	Weighted Average Max Rate Prior					11.~~898~~891%
	Weighted Average Max Rate Current					11.~~891~~896%
	Weighted Average Min Rate Original					3.302%
	Weighted Average Min Rate Prior					3.~~301~~294%
	Weighted Average Min Rate Current					3.~~294~~273%
	Weighted Average Cap Up Original					1.004%
	Weighted Average Cap Up Prior					1.004%
	Weighted Average Cap Up Current					1.004%
	Weighted Average Cap Down Original					1.004%
	Weighted Average Cap Down Prior					1.004%
	Weighted Average Cap Down Current					1.004%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						ADJUSTABLE	FIXED	TOTAL
	Current Servicing Fees					9594,~~829~~354.4925	2,~~242~~215.5086	9896,~~071~~570.9911
	Delinquent Servicing Fees					21,~~004~~759.5306	6892.2455	21,~~072~~851.7761
	TOTAL SERVICING FEES					9796,~~834~~113.0231	2,~~310~~308.7441	~~100~~98,~~144~~421.7672
	Total Servicing Fees					9796,~~834~~113.0231	2,~~310~~308.7441	~~100~~98,~~144~~421.7672
	Compensating Interest					0.00	0.00	0.00
	Delinquent Servicing Fees					(21,~~004~~759.5306)	(6892.2455)	(21,~~072~~851.7761)
	COLLECTED SERVICING FEES					9594,~~829~~354.4925	2,~~242~~215.5086	9896,~~071~~570.9911
	Current PPIS					0.00	0.00	0.00
	Current Net PPIS					0.00	0.00	0.00
	Total Advanced Principal For Current Payment Date					43,~~678~~133.8601	~~324~~0.5400	53,~~003~~133.4001
	Total Advanced Interest For Current Payment Date					3229,~~324~~807.8834	1,~~187~~677.9566	3331,~~512~~485.8300
	TOTAL ADVANCES FOR CURRENT PERIOD					3732,~~003~~940.7435	1,~~512~~677.4966	3834,~~516~~618.2301
ADDITIONAL COLLATERAL INFORMATION						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK
				Page 10 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			21,~~051~~111,~~076~~778.4728	~~664~~416,~~988~~142.3708	-173,276.03	21,~~716~~701,~~064~~196.8439
		% Balance			0.7139%	0.2315%	0.0006%	0.9460%
		# Loans			105	43	-2	1410
		% # Loans			0.8845%	0.3527%	0.0018%	10.2490%
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		-	~~31,213.52~~-	-31,213.52	-	31,213.52
		% Balance		0.00%	0.0100%	0.0001%	0.00%	0.01%
		# Loans		-	1-	-1	-	1
		% # Loans		0.00%	0.0900%	0.0009%	0.00%	0.09%
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		-	21,~~082~~111,~~289~~778.9928	~~664~~447,~~988~~355.3760	-173,276.03	21,~~747~~732,~~278~~409.3691
		% Balance		0.00%	0.7239%	0.2316%	0.0006%	0.9561%
		# Loans		-	115	4	-2	1511
		% # Loans		0.00%	0.9745%	0.3536%	0.0018%	10.3399%
Note: <1 Payment = 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 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report - Fixed Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~13,822.22~~-	-13,822.22	-	13,822.22
		% Balance			0.3900%	0.0040%	0.00%	0.3940%
		# Loans			1-	-1	-	1
		% # Loans			10.7200%	01.0075%	0.00%	1.7275%
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		-	~~31,213.52~~-	-31,213.52	-	31,213.52
		% Balance		0.00%	0.8800%	0.0090%	0.00%	0.8890%
		# Loans		-	1-	-1	-	1
		% # Loans		0.00%	10.7200%	01.0075%	0.00%	1.7275%
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		-	~~45,035.74~~-	-45,035.74	-	45,035.74
		% Balance		0.00%	10.2700%	01.0030%	0.00%	1.2730%
		# Loans		-	2-	-2	-	2
		% # Loans		0.00%	30.4500%	03.0051%	0.00%	3.4551%
Note: <1 Payment = 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 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report - Adjustable Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			21,~~037~~111,~~254~~778.2528	~~664~~402,~~988~~319.3786	-173,276.03	21,~~702~~687,~~242~~374.6217
		% Balance			0.7240%	0.2314%	0.0006%	0.9560%
		# Loans			95	42	-2	139
		% # Loans			0.8447%	0.3719%	0.0019%	10.2185%
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		-	21,~~037~~111,~~254~~778.2528	~~664~~402,~~988~~319.3786	-173,276.03	21,~~702~~687,~~242~~374.6217
		% Balance		0.00%	0.7240%	0.2314%	0.0006%	0.9560%
		# Loans		-	95	42	-2	139
		% # Loans		0.00%	0.8447%	0.3719%	0.0019%	10.2185%
Note: <1 Payment = 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 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	REO Report for June 25, 2003 Distribution
	REO Report for July 25, 2003 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 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report for July 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						ADJUSTABLE	FIXED	TOTAL
	Current
	Number of Paid in Full Loans					1418	-1	1419
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					1418	-1	1419
	Paid in Full Balance					4,~~893~~634,~~777~~040.6955	-71,783.73	4,~~893~~705,~~777~~824.6928
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					5026,~~618~~474.6966	-3,720.90	5030,~~618~~195.6956
	Total Prepayment Amount					4,~~944~~660,~~396~~515.3821	-75,504.63	4,~~944~~736,~~396~~019.3884
	Cumulative
	Number of Paid in Full Loans					3654	34	3958
	Number of Repurchased Loans					1	-	1
	Total Number of Loans Prepaid in Full					3755	34	4059
	Paid in Full Balance					1015,~~614~~249,~~970~~010.3186	~~109~~181,~~314~~097.1689	1015,~~724~~430,~~284~~108.4775
	Repurchased Loans Balance					160,031.24	-	160,031.24
	Curtailments Amount					~~192~~218,~~394~~869.8753	711,~~396~~116.0494	~~199~~229,~~790~~986.9147
	Total Prepayment Amount					1015,~~967~~627,~~396~~911.4263	~~116~~192,~~710~~214.2083	1115,~~084~~820,~~106~~126.6246
	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 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report for July 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						ADJUSTABLE	FIXED	TOTAL
	SMM					1.7164%	02.0013%	1.6964%
	3 Months Avg SMM					1.2250%	1.0674%	1.2251%
	12 Months Avg SMM
	Avg SMM Since Cut-off					01.9408%	01.8007%	01.9408%
	CPR					1817.6697%	022.0073%	18.4603%
	3 Months Avg CPR					1316.6961%	1218.0397%	1316.6764%
	12 Months Avg CPR
	Avg CPR Since Cut-off					1012.7121%	912.2411%	1012.7021%
	PSA					~~2578~~1951.2488%	0894.0001%	~~2482~~1917.3601%
	3 Months Avg PSA Approximation					~~2608~~2297.6022%	~~551~~814.4036%	~~2507~~2240.7441%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~2517~~2328.7355%	~~437~~551.6836%	~~2397~~2240.1674%
	Fixed
	Adjustable
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 16 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report for July 25, 2003 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 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Prepayment Detail Report for June 25, 2003 Distribution
	Prepayment Detail Report for July 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 14						Loan Group 1 = Fixed Group
Total Loan Count = 19						Loan Group 1 = Fixed Group
Total Original Principal Balance = 4,913,250.00						Loan Group 2 = Adjustable Group
Total Original Principal Balance = 4,737,470.00						Loan Group 2 = Adjustable Group
Total Prepayment Amount = 4,893,777.69
Total Prepayment Amount = 4,705,824.28
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
1100367752 2			207,050.00	206,671.02	May-09-03	8.500%	NJ - 79.99%	Paid Off - 360	Jan-31-03
2500021484 1			72,000.00	71,783.73	Jun-20-03	9.750%	MD - 20.00%	Paid Off - 180	Oct-16-02
1100369126 2			97,750.00	95,700.11	May-02-03	3.875%	PA - 82.15%	Paid Off - 360	Jan-24-03
1100362166 2			180,000.00	178,356.05	Jun-09-03	4.625%	CA - 78.27%	Paid Off - 360	Jan-24-03
1100369138 2			183,800.00	182,571.77	May-06-03	7.625%	NY - 84.97%	Paid Off - 360	Jan-24-03
1100366036 2			255,000.00	253,976.96	Jun-20-03	6.000%	CA - 75.00%	Paid Off - 360	Feb-13-03
1100369354 2			582,000.00	579,249.31	May-09-03	5.125%	CA - 79.73%	Paid Off - 360	Jan-30-03
1100366205 2			203,150.00	199,461.56	Jun-23-03	7.250%	CA - 70.00%	Paid Off - 360	Jan-23-03
1100369355 2			322,700.00	321,209.66	May-30-03	5.250%	CA - 63.28%	Paid Off - 360	Jan-30-03
1100366553 2			122,050.00	121,455.64	Jun-16-03	7.125%	NV - 89.56%	Paid Off - 360	Jan-21-03
1100369359 2			643,000.00	640,098.52	May-22-03	5.375%	CA - 52.71%	Paid Off - 360	Jan-30-03
1100366586 2			269,700.00	268,829.57	Jun-30-03	7.125%	CA - 89.90%	Paid Off - 360	Feb-06-03
1100369369 2			498,000.00	495,646.28	May-12-03	5.125%	CA - 68.69%	Paid Off - 360	Jan-30-03
1100367398 2			263,200.00	261,876.73	Jun-24-03	6.000%	CA - 80.00%	Paid Off - 360	Jan-31-03
1100369398 2			561,000.00	558,468.55	May-15-03	5.375%	CA - 76.54%	Paid Off - 360	Feb-03-03
1100367543 2			85,000.00	85,000.00	Jun-30-03	4.750%	NV - 36.96%	Paid Off - 360	Jan-31-03
1100372490 2			236,000.00	235,387.00	May-23-03	6.750%	CA - 80.00%	Paid Off - 360	Jan-30-03
1100367714 2			306,350.00	305,707.33	Jun-13-03	9.250%	CA - 92.84%	Paid Off - 360	Jan-29-03
1100372507 2			452,700.00	451,660.22	May-22-03	7.375%	CA - 90.00%	Paid Off - 360	Jan-31-03
1100368600 2			189,950.00	189,381.33	Jun-13-03	9.375%	CA - 95.00%	Paid Off - 360	Jan-21-03
1103024534 2			390,000.00	388,801.27	May-21-03	5.875%	IN - 45.89%	Paid Off - 360	Jan-29-03
1100368897 2			340,000.00	337,523.19	Jun-18-03	5.000%	CA - 54.40%	Paid Off - 360	Dec-18-02
2500023403 2			109,250.00	108,952.12	May-22-03	6.500%	AR - 95.00%	Paid Off - 360	Jan-22-03
1100369116 2			300,000.00	297,002.31	Jun-09-03	4.875%	MI - 80.00%	Paid Off - 360	Jan-24-03
2500023544 2			372,000.00	372,000.00	May-13-03	6.750%	IL - 80.00%	Paid Off - 360	Feb-19-03
1100369387 2			392,000.00	389,884.92	Jun-05-03	5.625%	CA - 80.00%	Paid Off - 360	Jan-30-03
2500023745 2			258,000.00	257,361.86	May-30-03	7.000%	CA - 97.00%	Paid Off - 360	Jan-22-03
1100369644 2			266,000.00	263,837.19	Jun-25-03	5.250%	CA - 95.00%	Paid Off - 360	Jan-24-03
1100369701 2			427,500.00	418,976.07	Jun-24-03	5.625%	CA - 90.00%	Paid Off - 360	Feb-21-03
1100371719 2			269,500.00	269,500.00	Jun-13-03	5.875%	CA - 70.00%	Paid Off - 360	Jan-31-03
1103011953 2			196,070.00	194,705.72	Jun-05-03	4.250%	CA - 70.00%	Paid Off - 360	Jan-22-03
1103024630 2			216,000.00	216,000.00	Jun-13-03	9.375%	CO - 80.00%	Paid Off - 360	Jan-31-03
2500023839 2			384,000.00	382,565.98	Jun-18-03	6.375%	CA - 80.00%	Paid Off - 360	Jan-30-03
					Page 18 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report for July 25, 2003 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 Loss Amount 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 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report for July 25, 2003 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 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report for July 25, 2003 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 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Realized Loss Detail Report for June 25, 2003 Distribution
	Realized Loss Detail Report for July 25, 2003 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
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
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 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Triggers, Adj. Rate Cert. and Miscellaneous Report for June 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for July 25, 2003 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.~~3200~~0350%
ADDITIONAL INFORMATION						ADJUSTABLE	FIXED	TOTAL
	Current Net Mortgage Rate							5.~~3672~~3270%
				Page 23 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Other Related Information for June 25, 2003 Distribution
	Other Related Information for July 25, 2003 Distribution
	Other Related Information
ADDITIONAL INFORMATION						ADJUSTABLE	FIXED	TOTAL
	Total Derivative Payments							~~124~~184,~~850~~735.3257
	FXIMP033A1							3759,~~795~~351.1347
	FXIMP033B1							2237,~~682~~846.3699
	FXIMP033C1							1522,~~870~~345.3286
	FXIMP033D1							3241,~~822~~731.6303
	FXIMP033E1							1523,~~679~~460.8317
				Page 24 of 24				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · IMPAC CMB TRUST COLLATERLIZED AB BOND SERIES 2003-3