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): ~~August~~September 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 ~~August~~September 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: ~~Aug~~Oct 2801, 2003 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~August~~September 25, 2003.

	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	August 25, 2003 Distribution
	September 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: August 25, 2003
								Distribution Date: September 25, 2003
	Underwriter(s):		Countrywide Securities Co-Lead Underwriter					Record Date: ~~August~~September 2223, 2003
								July 31, 2003
								August 29, 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 August 25, 2003 Distribution
	Certificate Payment Report for September 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			~~195~~189,~~345~~113,~~357~~257.4807	~~248~~242,~~956~~642.8182	6,~~232~~138,~~100~~205.4115	6,~~481~~380,~~057~~847.2297	-	-	~~189~~182,~~113~~975,~~257~~051.0792
A-2	FLT, STEP,	30,900,000.00			2928,~~181~~250,~~394~~421.9528	4039,~~205~~166.4807	~~930~~916,~~973~~947.6725	~~971~~956,~~179~~113.1532	-	-	2827,~~250~~333,~~421~~474.2803
M-1	MEZ, FLT, S	24,000,000.00			2221,~~665~~942,~~161~~074.1379	3837,~~058~~033.5835	~~723~~712,~~086~~192.3404	~~761~~749,~~144~~225.9239	-	-	21,~~942~~229,~~074~~882.7975
M-2	MEZ, FLT, S	16,500,000.00			15,~~582~~085,~~298~~176.2842	3837,~~912~~800.4694	~~497~~489,~~121~~632.8603	~~536~~527,~~034~~432.3297	-	-	1514,~~085~~595,~~176~~544.4239
B	SUB, FLT, S	19,500,000.00			1817,~~415~~827,~~443~~935.4277	6563,~~016~~096.7504	~~587~~578,~~507~~656.6503	~~652~~641,~~524~~752.4007	-	-	17,~~827~~249,~~935~~279.7774
Cert	R	-			-	~~629~~548,~~829~~438.4655	-	~~629~~548,~~829~~438.4655	-	-	-
Total		297,750,000.00			~~281~~272,~~189~~218,~~655~~865.2633	1968,~~060,979~~177.5477	8,~~970~~835,~~789~~632.9351	109,~~031~~803,~~769~~810.4728	-	-	~~272~~263,~~218~~383,~~865~~232.3383
	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	0708/25/03	0809/24/03		A-Act/360	45254NDY0	206,850,000.00	~~944~~914.~~381714~~253116	1.~~203562~~173038	3029.~~128598~~674668	3130.~~332160~~847706	~~914~~884.~~253116~~578448
A-2	0708/25/03	0809/24/03		A-Act/360	45254NDZ7	30,900,000.00	~~944~~914.~~381714~~253116	1.~~301148~~267510	3029.~~128598~~674668	3130.~~429746~~942179	~~914~~884.~~253116~~578448
M-1	0708/25/03	0809/24/03		A-Act/360	45254NEA1	24,000,000.00	~~944~~914.~~381714~~253116	1.~~585774~~543056	3029.~~128598~~674668	31.~~714372~~217725	~~914~~884.~~253116~~578448
M-2	0708/25/03	0809/24/03		A-Act/360	45254NEB9	16,500,000.00	~~944~~914.~~381714~~253116	2.~~358331~~290966	3029.~~128598~~674668	3231.~~486928~~965634	~~914~~884.~~253116~~578448
B	0708/25/03	0809/24/03		A-Act/360	45254NEC7	19,500,000.00	~~944~~914.~~381714~~253116	3.~~334192~~235694	3029.~~128598~~674668	3332.~~462790~~910363	~~914~~884.~~253116~~578448
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 August 25, 2003 Distribution
	Certificate Payment Report for September 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,~~625~~868,~~994~~637.6042		1723,~~108~~120,~~883~~864.75	~~627~~754,~~859~~083.1734	1723,~~736~~874,~~742~~948.9308	1925,~~362~~743,~~737~~585.5350	-	-	~~189~~182,~~113~~975,~~257~~051.0792
A-2	30,900,000.00		~~260~~300,~~933~~099.1118		23,~~555~~453,~~786~~878.8427	93112,~~791~~647.8769	23,~~649~~566,~~578~~525.7196	23,~~910~~866,~~511~~625.8214	-	-	2827,~~250~~333,~~421~~474.2803
M-1	24,000,000.00		~~243~~280,~~525~~558.1146		12,~~985~~682,~~077~~623.1690	7287,~~848~~493.0535	2,~~057~~770,~~925~~117.2125	23,~~301~~050,~~450~~675.3271	-	-	21,~~942~~229,~~074~~882.7975
M-2	16,500,000.00		~~243~~281,~~668~~469.6256		1,~~364~~844,~~740~~303.5593	5060,~~083~~151.0468	1,~~414~~904,~~823~~455.5861	12,~~658~~185,~~492~~925.2017	-	-	1514,~~085~~595,~~176~~544.4239
B	19,500,000.00		~~401~~464,~~792~~888.4347		12,~~612~~179,~~875~~631.1992	5971,~~189~~088.0435	12,~~672~~250,~~064~~720.2427	2,~~073~~715,~~856~~608.6774	-	-	17,~~827~~249,~~935~~279.7774
Cert	-		34,~~852~~401,~~709~~147.3792		-	-	-	34,~~852~~401,~~709~~147.3792	-	-	-
Total	297,750,000.00		67,~~628~~596,~~623~~801.2401		2433,~~627~~281,~~363~~302.4977	~~903~~1,~~771~~085,464.1841	2534,~~531~~366,~~134~~767.6718	3241,~~159~~963,~~757~~568.9119	-	-	~~272~~263,~~218~~383,~~865~~232.3383
	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.~~48000~~49000%	~~195~~189,~~345~~113,~~357~~257.4807			~~248~~242,~~956~~642.8182	-	-	-	~~248~~242,~~956~~642.8182	~~248~~242,~~956~~642.8182	-
A-2	1.~~60000~~61000%	2928,~~181~~250,~~394~~421.9528			4039,~~205~~166.4807	-	-	-	4039,~~205~~166.4807	4039,~~205~~166.4807	-
M-1	1.~~95000~~96000%	2221,~~665~~942,~~161~~074.1379			3837,~~058~~033.5835	-	-	-	3837,~~058~~033.5835	3837,~~058~~033.5835	-
M-2	2.~~90000~~91000%	15,~~582~~085,~~298~~176.2842			3837,~~912~~800.4694	-	-	-	3837,~~912~~800.4694	3837,~~912~~800.4694	-
B	4.~~10000~~11000%	1817,~~415~~827,~~443~~935.4277			6563,~~016~~096.7504	-	-	-	6563,~~016~~096.7504	6563,~~016~~096.7504	-
Cert		-			-	-	-	-	~~629~~548,~~829~~438.4655	~~629~~548,~~829~~438.4655	-
Total		~~281~~272,~~189~~218,~~655~~865.2633			~~431~~419,~~150~~739.0822	-	-	-	1968,~~060,979~~177.5477	1968,~~060,979~~177.5477	-
							Page 3 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Collection Account Report for August 25, 2003 Distribution
	Collection Account Report for September 25, 2003 Distribution
	Collection Account Report
SUMMARY						ADJUSTABLE	FIXED	TOTAL
	Principal Collections					8,~~827~~685,~~135~~847.3144	~~143~~149,~~654~~785.6207	8,~~970~~835,~~789~~632.9351
	Principal Withdrawals					0.00	0.00	0.00
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL PRINCIPAL					8,~~827~~685,~~135~~847.3144	~~143~~149,~~654~~785.6207	8,~~970~~835,~~789~~632.9351
	Interest Collections					1,~~318~~219,~~257~~060.8348	3332,~~624~~261.2248	1,~~351~~251,~~882~~321.0596
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	(~~167~~165,~~872~~097.7422)
	Interest Fees					(~~120~~115,~~792~~932.2496)	(2,~~237~~114.5301)	(~~123~~118,~~029~~046.7797)
	TOTAL INTEREST					1,~~197~~103,~~465~~127.5952	3130,~~386~~147.6947	1968,~~060,979~~177.5477
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS					109,~~024~~788,~~600~~974.9096	~~175~~179,~~041~~932.3154	109,~~031~~803,~~769~~810.4728
PRINCIPAL - COLLECTIONS						ADJUSTABLE	FIXED	TOTAL
	Scheduled Principal					~~163~~181,~~435~~693.4523	0.00	~~163~~181,~~435~~693.4523
	Curtailments					21(5,~~168~~231.0114)	32,~~138~~842.9170	24(2,~~306~~388.9244)
	Prepayments in Full					8,~~642~~425,~~531~~848.8500	~~140~~146,~~515~~942.7137	8,~~783~~572,~~047~~790.5637
	Repurchases/Substitutions					083,537.0035	0.00	083,537.0035
	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					(27,~~897~~469.3456)	0.00	(27,~~897~~469.3456)
	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					27,~~897~~469.3456	0.00	27,~~897~~469.3456
	TOTAL PRINCIPAL					8,~~827~~685,~~135~~847.3144	~~143~~149,~~654~~785.6207	8,~~970~~835,~~789~~632.9351
				Page 4 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Collection Account Report for August 25, 2003 Distribution
	Collection Account Report for September 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,~~319~~221,~~971~~651.9212	3332,~~676~~342.2944	1,~~353~~253,~~648~~993.2156
	Repurchases/Substitutions					0635.0023	0.00	0635.0023
	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	~~(219~~0.~~84)~~00	~~(219~~0.~~84)~~00
	Relief Act Interest Shortfalls					0.00	0.00	0.00
	Delinquent Interest					(2950,~~872~~002.2933)	(~~996~~1,536.2765)	(3051,~~868~~538.5698)
	Interest Realized Losses					0.00	0.00	0.00
	Compensating Interest					0.00	~~219~~0.8400	~~219~~0.8400
	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					2846,~~158~~776.2046	~~944~~1,455.2069	2948,~~102~~232.4015
	Cap Contract Payment Amt					0.00	0.00	0.00
	TOTAL INTEREST					1,~~318~~219,~~257~~060.8348	3332,~~624~~261.2248	1,~~351~~251,~~882~~321.0596
				Page 5 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Collection Account Report for August 25, 2003 Distribution
	Collection Account Report for September 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							~~167~~165,~~872~~097.7422
INTEREST - FEES						ADJUSTABLE	FIXED	TOTAL
	Owner Trustee Fee					~~396~~384.6212	4.9272	~~401~~388.5484
	Indenture Trustee Fee					21,~~041~~977.4004	2524.3530	2,~~066~~001.7534
	CMAC PMI Insurance Premiums					25,~~580~~289.5406	0.00	25,~~580~~289.5406
	Current Servicing Fees					9288,~~773~~282.6874	2,~~207~~084.2699	9490,~~980~~367.9473
	TOTAL INTEREST FEES					~~120~~115,~~792~~932.2496	2,~~237~~114.5301	~~123~~118,~~029~~046.7797
				Page 6 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Credit Enhancement Report for August 25, 2003 Distribution
	Credit Enhancement Report for September 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							2,250,000.8988
	Current Periods Extra Principal Distribution							0.00
	Current Periods Net Monthly Excess Cashflow							~~629~~548,~~829~~438.4655
	Current Periods Overcollateralization Release							0.00
	60 Day Rolling Delinquency Amount							~~706~~1,~~429~~181,828.6092
	90 Day Rolling Delinquency Amount							~~168~~418,~~551~~519.2210
	Available Funds Rate							54.~~0751~~8346%
				Page 7 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Collateral Report for August 25, 2003 Distribution
	Collateral Report for September 25, 2003 Distribution
	Collateral Report
COLLATERAL						ADJUSTABLE	FIXED	TOTAL
	Loan Count:
	Original					1111	61	1172
	Prior					1,~~056~~031	5754	1,~~113~~085
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(2529)	(32)	(2831)
	Repurchases					-(1)	-	-(1)
	Liquidations					-	-	-
	Current					1,~~031~~001	5452	1,~~085~~053
	Principal Balance:
	Original					296,328,418.54	3,671,699.80	300,000,118.34
	Prior					~~279~~271,~~963~~136,~~765~~630.4817	3,~~475~~332,~~890~~236.6705	~~283~~274,~~439~~468,~~656~~866.1522
	Prefunding					-	-	-
	Scheduled Principal					(~~163~~181,~~435~~693.4523)	-	(~~163~~181,~~435~~693.4523)
	Partial and Full Voluntary Prepayments					(8,~~663~~420,~~699~~616.86)	(~~143~~149,~~654~~785.6207)	(8,~~807~~570,~~354~~401.4893)
	Repurchases					-(83,537.35)	-	-(83,537.35)
	Liquidations					-	-	-
	Current					~~271~~262,~~136~~450,~~630~~782.1773	3,~~332~~182,~~236~~450.0598	~~274~~265,~~468~~633,~~866~~233.2271
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 August 25, 2003 Distribution
	Collateral Report for September 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS						ADJUSTABLE	FIXED	TOTAL
	Weighted Average Coupon Original					4.483084%	11.231347%	4.565676%
	Weighted Average Coupon Prior					5.~~783130~~657755%	11.~~588618~~626241%	5.~~854637~~730948%
	Weighted Average Coupon Current					5.~~657755~~409611%	11.~~626241~~647111%	5.~~730948~~485338%
	Weighted Average Months to Maturity Original					359	174	357
	Weighted Average Months to Maturity Prior					~~355~~354	~~170~~169	~~353~~352
	Weighted Average Months to Maturity Current					~~354~~353	~~169~~168	~~352~~351
	Weighted Avg Remaining Amortization Term Original					359	325	359
	Weighted Avg Remaining Amortization Term Prior					~~355~~354	~~324~~325	~~355~~354
	Weighted Avg Remaining Amortization Term Current					~~354~~353	~~325~~323	~~354~~353
	Weighted Average Seasoning Original					0.64	9.49	0.75
	Weighted Average Seasoning Prior					45.60	1213.7114	45.7069
	Weighted Average Seasoning Current					56.6059	~~13.~~14.37	56.6968
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 August 25, 2003 Distribution
	Collateral Report for September 25, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						ADJUSTABLE	FIXED	TOTAL
	Weighted Average Margin Original					2.967%
	Weighted Average Margin Prior					2.~~970~~971%
	Weighted Average Margin Current					2.~~971~~965%
	Weighted Average Max Rate Original					11.906%
	Weighted Average Max Rate Prior					11.~~896~~884%
	Weighted Average Max Rate Current					11.~~884~~877%
	Weighted Average Min Rate Original					3.302%
	Weighted Average Min Rate Prior					3.~~273~~272%
	Weighted Average Min Rate Current					3.~~272~~265%
	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					9288,~~773~~282.6874	2,~~207~~084.2699	9490,~~980~~367.9473
	Delinquent Servicing Fees					13,~~714~~225.0987	5280.0796	13,~~766~~306.1683
	TOTAL SERVICING FEES					9491,~~487~~508.7761	2,~~259~~165.3395	9693,~~747~~674.1056
	Total Servicing Fees					9491,~~487~~508.7761	2,~~259~~165.3395	9693,~~747~~674.1056
	Compensating Interest					0.00	~~(219~~0.~~84)~~00	~~(219~~0.~~84)~~00
	Delinquent Servicing Fees					(13,~~714~~225.0987)	(5280.0796)	(13,~~766~~306.1683)
	COLLECTED SERVICING FEES					9288,~~773~~282.6874	12,~~987~~084.4299	9490,~~761~~367.1073
	Current PPIS					0.00	~~219~~0.8400	~~219~~0.8400
	Current Net PPIS					0.00	0.00	0.00
	Total Advanced Principal For Current Payment Date					27,~~897~~469.3456	0.00	27,~~897~~469.3456
	Total Advanced Interest For Current Payment Date					2846,~~158~~776.2046	~~944~~1,455.2069	2948,~~102~~232.4015
	TOTAL ADVANCES FOR CURRENT PERIOD					3154,~~055~~246.5402	~~944~~1,455.2069	3155,~~999~~701.7471
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 August 25, 2003 Distribution
	Delinquency Report for September 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			2446,~~432,039~~545.3020	~~501~~1,~~291~~341,282.1771	~~301~~718,~~164~~690.1012	32,~~234~~506,~~494~~518.5703
		% Balance			0.8917%	0.1850%	0.1127%	10.1894%
		# Loans			103	24	34	1511
		% # Loans			0.9228%	0.1838%	0.2838%	1.3804%
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
		% Balance		0.00%	0.00%	0.00%	0.01%	0.01%
		# Loans		-	-	-	1	1
		% # Loans		0.00%	0.00%	0.00%	0.09%	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		-	2446,~~432,039~~545.3020	~~501~~1,~~291~~341,282.1771	~~332~~749,~~377~~903.6264	32,~~265~~537,~~708~~731.0955
		% Balance		0.00%	0.8917%	0.1850%	0.1228%	10.1996%
		# Loans		-	103	24	45	1612
		% # Loans		0.00%	0.9228%	0.1838%	0.3747%	1.4714%
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 August 25, 2003 Distribution
	Delinquency Report for September 25, 2003 Distribution
	Delinquency Report - Fixed Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~13,705.35~~-	-	-	~~13,705.35~~-
		% Balance			0.4100%	0.00%	0.00%	0.4100%
		# Loans			1-	-	-	1-
		% # Loans			10.8500%	0.00%	0.00%	10.8500%
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
		% Balance		0.00%	0.00%	0.00%	0.9498%	0.9498%
		# Loans		-	-	-	1	1
		% # Loans		0.00%	0.00%	0.00%	1.8592%	1.8592%
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		-	~~13,705.35~~-	-	31,213.52	4431,~~918~~213.8752
		% Balance		0.00%	0.4100%	0.00%	0.9498%	10.3598%
		# Loans		-	1-	-	1	21
		% # Loans		0.00%	10.8500%	0.00%	1.8592%	31.7092%
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 August 25, 2003 Distribution
	Delinquency Report for September 25, 2003 Distribution
	Delinquency Report - Adjustable Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			2446,~~418,333~~545.9520	~~501~~1,~~291~~341,282.1771	~~301~~718,~~164~~690.1012	32,~~220~~506,~~789~~518.2203
		% Balance			0.8917%	0.1851%	0.1127%	10.1996%
		# Loans			93	24	34	1411
		% # Loans			0.8730%	0.1940%	0.2940%	1.3610%
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		-	2446,~~418,333~~545.9520	~~501~~1,~~291~~341,282.1771	~~301~~718,~~164~~690.1012	32,~~220~~506,~~789~~518.2203
		% Balance		0.00%	0.8917%	0.1851%	0.1127%	10.1996%
		# Loans		-	93	24	34	1411
		% # Loans		0.00%	0.8730%	0.1940%	0.2940%	1.3610%
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 August 25, 2003 Distribution
	REO Report for September 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 August 25, 2003 Distribution
	Prepayment Report for September 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						ADJUSTABLE	FIXED	TOTAL
	Current
	Number of Paid in Full Loans					2529	32	2831
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					25	3	28
	Paid in Full Balance					8,642,531.85	140,515.71	8,783,047.56
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					21,168.01	3,138.91	24,306.92
	Total Prepayment Amount					8,663,699.86	143,654.62	8,807,354.48
	Cumulative
	Number of Paid in Full Loans					79	7	86
	Number of Repurchased Loans					1	-	1
	Total Number of Loans Prepaid in Full					8030	72	8732
	Paid in Full Balance					238,~~891~~425,~~542~~848.7100	~~321~~146,~~613~~942.6037	248,~~213~~572,~~156~~790.3137
	Repurchased Loans Balance					~~160~~83,~~031~~537.2435	-	~~160~~83,~~031~~537.2435
	Curtailments Amount					~~240~~(5,~~037~~231.5414)	142,~~255~~842.8570	~~254~~(2,~~293~~388.3944)
	Total Prepayment Amount					248,~~291~~504,~~611~~154.4921	~~335~~149,~~869~~785.4507	248,~~627~~653,~~480~~939.9428
	Cumulative
	Number of Paid in Full Loans					108	9	117
	Number of Repurchased Loans					2	-	2
	Total Number of Loans Prepaid in Full					110	9	119
	Paid in Full Balance					32,317,390.71	468,555.97	32,785,946.68
	Repurchased Loans Balance					243,568.59	-	243,568.59
	Curtailments Amount					234,806.40	17,098.55	251,904.95
	Total Prepayment Amount					32,795,765.70	485,654.52	33,281,420.22
	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 August 25, 2003 Distribution
	Prepayment Report for September 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						ADJUSTABLE	FIXED	TOTAL
	SMM					3.1014%	4.1350%	3.1116%
	3 Months Avg SMM					2.1563%	23.1059%	2.1564%
	12 Months Avg SMM
	Avg SMM Since Cut-off					1.4267%	12.5901%	1.4267%
	CPR					31.4480%	3942.7441%	31.5594%
	3 Months Avg CPR					2227.9534%	2235.4952%	2227.9445%
	12 Months Avg CPR
	Avg CPR Since Cut-off					1518.7626%	1721.4761%	1518.7830%
	PSA					~~2806~~2413.5075%	~~1511~~1475.8763%	~~2770~~2390.8446%
	3 Months Avg PSA Approximation					~~2490~~2442.1351%	~~900~~1324.5434%	~~2438~~2411.4810%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~2525~~2526.8909%	~~770~~917.0336%	~~2450~~2463.2092%
	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 August 25, 2003 Distribution
	Prepayment Report for September 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 August 25, 2003 Distribution
	Prepayment Detail Report for September 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 28						Loan Group 1 = Fixed Group
Total Loan Count = 32						Loan Group 1 = Fixed Group
Total Original Principal Balance = 8,834,201.00						Loan Group 2 = Adjustable Group
Total Original Principal Balance = 8,700,650.00						Loan Group 2 = Adjustable Group
Total Prepayment Amount = 8,783,047.56
Total Prepayment Amount = 8,656,327.72
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
1100352968 1			100,000.00	99,062.18	Jul-25-03	10.000%	CA - 11.77%	Paid Off - 180	Sep-26-02
2500021210 1			69,000.00	68,773.81	Aug-26-03	10.500%	CA - 15.00%	Paid Off - 180	Oct-24-02
3900002839 1			20,000.00	17,102.11	Jul-11-03	15.750%	NV - 19.66%	Paid Off - 180	Apr-06-98
2500021784 1			78,400.00	78,168.56	Aug-01-03	10.990%	CA - 20.00%	Paid Off - 180	Nov-07-02
3900003227 1			27,000.00	24,351.42	Jul-01-03	12.500%	FL - 31.77%	Paid Off - 240	Oct-31-97
1100362568 2			653,700.00	653,700.00	Aug-28-03	5.250%	AZ - 69.92%	Paid Off - 360	Feb-12-03
1100363092 2			474,500.00	471,198.44	Jul-02-03	5.250%	CA - 65.00%	Paid Off - 360	Feb-11-03
1100365132 2			278,900.00	278,900.00	Aug-15-03	5.250%	CA - 89.97%	Paid Off - 360	Feb-07-03
1100365105 2			400,000.00	400,000.00	Jul-01-03	5.500%	CA - 89.89%	Paid Off - 360	Jan-06-03
1100365135 2			365,750.00	363,681.53	Aug-20-03	7.125%	MS - 95.00%	Paid Off - 360	Jan-08-03
1100365178 2			320,000.00	319,407.96	Jul-24-03	3.750%	CA - 57.15%	Paid Off - 360	Jan-29-03
1100367345 2			375,200.00	372,232.38	Aug-26-03	5.875%	CA - 80.00%	Paid Off - 360	Feb-13-03
1100367590 2			300,000.00	298,539.00	Jul-01-03	6.125%	CA - 100.00%	Paid Off - 360	Feb-03-03
1100367585 2			122,000.00	121,467.04	Aug-26-03	8.875%	NM - 94.97%	Paid Off - 360	Feb-05-03
1100368888 2			367,500.00	360,415.16	Jul-02-03	5.125%	CA - 48.36%	Paid Off - 360	Dec-23-02
1100367997 2			336,000.00	333,767.93	Aug-28-03	5.500%	CA - 80.00%	Paid Off - 360	Jan-24-03
1100369133 2			279,000.00	276,985.40	Jul-15-03	5.875%	HI - 90.00%	Paid Off - 360	Jan-24-03
1100368130 2			345,000.00	344,269.05	Aug-28-03	5.125%	CA - 75.00%	Paid Off - 360	Feb-24-03
1100369140 2			172,000.00	170,231.73	Jul-24-03	4.125%	MI - 68.80%	Paid Off - 360	Jan-24-03
1100368389 2			333,550.00	332,114.52	Aug-19-03	6.750%	NJ - 80.00%	Paid Off - 360	Jan-27-03
1100369362 2			645,000.00	640,407.70	Jul-24-03	5.125%	CA - 40.31%	Paid Off - 360	Jan-30-03
1100368435 2			373,350.00	371,005.68	Aug-08-03	6.625%	CA - 95.00%	Paid Off - 360	Jan-22-03
1100369383 2			364,000.00	361,296.58	Jul-31-03	5.250%	CA - 80.00%	Paid Off - 360	Jan-30-03
1100368862 2			336,500.00	333,217.70	Aug-19-03	5.000%	CA - 62.32%	Paid Off - 360	Dec-19-02
1100369719 2			146,400.00	142,855.98	Jul-16-03	5.250%	MI - 75.08%	Paid Off - 360	Feb-21-03
1100368978 2			136,500.00	135,335.32	Aug-21-03	4.990%	CA - 70.00%	Paid Off - 360	Jan-23-03
1100369730 2			117,000.00	116,338.68	Jul-11-03	7.500%	MI - 90.00%	Paid Off - 360	Feb-21-03
1100368984 2			367,650.00	367,650.00	Aug-04-03	7.875%	CA - 95.00%	Paid Off - 360	Jan-31-03
1100369849 2			330,400.00	327,937.61	Jul-31-03	3.875%	CA - 70.00%	Paid Off - 360	Feb-20-03
1100368991 2			92,000.00	91,449.61	Aug-27-03	6.875%	UT - 80.00%	Paid Off - 360	Jan-10-03
1100369995 2			288,000.00	286,552.05	Jul-22-03	6.000%	CA - 80.00%	Paid Off - 360	Feb-13-03
1100369030 2			311,200.00	309,951.29	Aug-27-03	8.875%	CA - 76.84%	Paid Off - 360	Feb-05-03
1100370699 2			614,000.00	613,999.40	Jul-24-03	5.250%	CA - 73.54%	Paid Off - 360	Jan-31-03
1100369384 2			626,750.00	622,287.64	Aug-07-03	5.125%	CA - 77.38%	Paid Off - 360	Feb-14-03
1100371170 2			272,000.00	270,754.00	Jul-31-03	6.500%	CA - 80.00%	Paid Off - 360	Jan-31-03
1100369388 2			300,700.00	298,080.08	Aug-22-03	4.875%	CA - 31.65%	Paid Off - 360	Jan-30-03
1100371651 2			100,000.00	99,640.32	Jul-01-03	8.000%	MA - 68.03%	Paid Off - 360	Feb-14-03
1100369391 2			549,500.00	544,925.76	Aug-18-03	5.125%	CA - 56.36%	Paid Off - 360	Jan-30-03
1100372279 2			311,920.00	310,314.29	Jul-22-03	5.875%	CA - 80.00%	Paid Off - 360	Feb-20-03
1100369716 2			120,000.00	118,620.71	Aug-27-03	5.875%	MI - 48.29%	Paid Off - 360	Feb-21-03
1100372306 2			235,000.00	233,640.39	Jul-14-03	5.250%	CA - 63.52%	Paid Off - 360	Feb-10-03
1100369725 2			250,000.00	248,320.76	Aug-26-03	6.250%	MI - 87.72%	Paid Off - 360	Feb-21-03
1103014665 2			725,000.00	721,524.45	Jul-21-03	6.250%	MA - 62.45%	Paid Off - 360	Feb-21-03
1100369746 2			231,000.00	229,291.60	Aug-25-03	5.750%	CA - 79.66%	Paid Off - 360	Feb-21-03
1103019508 2			299,000.00	297,957.55	Jul-07-03	7.875%	CA - 79.74%	Paid Off - 360	Feb-10-03
1100371555 2			152,900.00	152,900.00	Aug-04-03	6.750%	OR - 90.00%	Paid Off - 360	Feb-12-03
1103020526 2			650,000.00	650,000.00	Jul-08-03	6.750%	CA - 43.92%	Paid Off - 360	Jan-24-03
1103010632 2			350,000.00	347,774.42	Aug-26-03	7.875%	CA - 92.35%	Paid Off - 360	Feb-12-03
1103024174 2			390,081.00	388,615.33	Jul-24-03	7.500%	CA - 89.72%	Paid Off - 360	Feb-07-03
1103018219 2			79,900.00	79,474.52	Aug-21-03	6.625%	CA - 100.00%	Paid Off - 360	Jan-23-03
1109007491 2			216,000.00	214,328.83	Jul-30-03	6.875%	AZ - 78.55%	Paid Off - 360	Feb-21-03
1103019907 2			235,200.00	233,613.18	Aug-29-03	6.250%	CA - 80.00%	Paid Off - 360	Jan-21-03
2500023242 2			463,900.00	463,900.00	Jul-30-03	6.375%	CA - 83.59%	Paid Off - 360	Jan-21-03
1103023443 2			244,000.00	242,326.79	Aug-08-03	6.875%	CA - 74.40%	Paid Off - 360	Jan-21-03
2500024114 2			206,500.00	205,691.00	Jul-03-03	6.125%	IL - 70.00%	Paid Off - 360	Feb-13-03
2500023577 2			107,950.00	107,384.44	Aug-05-03	6.750%	FL - 89.96%	Paid Off - 360	Jan-27-03
2500023641 2			177,800.00	177,800.00	Aug-28-03	4.000%	CA - 57.36%	Paid Off - 360	Feb-07-03
2500023679 2			280,250.00	280,250.00	Aug-29-03	6.375%	CA - 95.00%	Paid Off - 360	Jan-22-03
2500023813 2			336,000.00	334,056.05	Aug-14-03	5.250%	IL - 70.00%	Paid Off - 360	Feb-18-03
1100366995 2			84,000.00	83,537.35	Sep-01-03	9.125%	MI - 100.00%	Repur/Subs - 360	Dec-23-02
					Page 18 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Realized Loss Report for August 25, 2003 Distribution
	Realized Loss Report for September 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 August 25, 2003 Distribution
	Realized Loss Report for September 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 August 25, 2003 Distribution
	Realized Loss Report for September 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 August 25, 2003 Distribution
	Realized Loss Detail Report for September 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 August 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for September 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.~~1000~~1100%
ADDITIONAL INFORMATION						ADJUSTABLE	FIXED	TOTAL
	Current Net Mortgage Rate							54.~~2026~~9548%
				Page 23 of 24				© COPYRIGHT 2003 Deutsche Bank
	Impac CMB Trust 2003-3
	Collateralized Asset-Backed Bonds
	Series 2003-3
	Other Related Information for August 25, 2003 Distribution
	Other Related Information for September 25, 2003 Distribution
	Other Related Information
ADDITIONAL INFORMATION						ADJUSTABLE	FIXED	TOTAL
	Total Derivative Payments							~~167~~165,~~872~~097.7927
	FXIMP033A1							5352,~~201~~253.3974
	FXIMP033B1							3332,~~485~~855.4318
	FXIMP033C1							20,~~552~~237.3462
	FXIMP033D1							3938,~~391~~881.2599
	FXIMP033E1							2120,~~242~~868.3369
				Page 24 of 24				© COPYRIGHT 2003 Deutsche Bank

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