8-K 1 imh04002_dec.txt DECEMBER 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 27, 2004 IMPAC CMB TRUST SERIES 2004-2 Collateralized Asset-Backed Bonds, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-109503-04 Pooling and Servicing Agreement) (Commission N/A (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2004 a distribution was made to holders of IMPAC CMB TRUST SERIES 2004-2, Collateralized Asset-Backed Bonds, Series 2004-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Collateralized Asset-Backed Bonds, Series 2004-2 Trust, relating to the December 27, 2004 distribution. 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. IMPAC CMB TRUST SERIES 2004-2 Collateralized Asset-Backed Bonds, Series 2004-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Indenture Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/3/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Collateralized Asset-Backed Bonds, Series 2004-2 Trust, relating to the December 27, 2004 distribution . EX-99.1

Impac Assets Corp. Collateralized Asset-Backed Bonds Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~IMH~~Impac Assets Corp. Collateralized Asset-Backed Bonds Series: 2004-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 45254NGW1 SEN 2.~~19250~~44000% ~~594~~572,~~735~~089,~~590~~450.0654 1,~~159~~202,~~073~~023.5752 2221,~~646~~635,~~139~~042.5137 A-2 45254NGX9 SEN 2.~~18250~~43000% ~~108~~104,~~285~~161,~~191~~944.4778 ~~210~~217,~~073~~958.2787 43,~~123~~939,~~246~~153.6937 A-3 45254NGY7 SEN 2.~~24250~~49000% 20,~~824~~031,~~075~~143.2823 4142,~~509~~950.3211 ~~792~~757,~~932~~529.0649 M-1 45254NGZ4 MEZ 2.~~41250~~66000% 3837,~~732~~257,~~780~~926.0240 8385,~~060~~341.2935 1,~~474~~409,~~853~~004.6286 M-2 45254NHA8 MEZ 2.~~48250~~73000% 1716,~~075~~425,~~741~~537.7345 3738,~~680~~613.4770 ~~650~~621,~~204~~174.2919 M-3 45254NHB6 MEZ 23.~~88250~~13000% 1918,~~158~~428,~~149~~651.2677 49,~~087~~670.4434 ~~729~~696,~~497~~927.4914 M-4 45254NHC4 MEZ 3.~~03250~~28000% 22,~~906~~034,~~482~~257.8155 6162,~~745~~234.7054 ~~872~~833,~~225~~282.2644 M-5 45254NHD2 MEZ 3.~~13250~~38000% 1110,~~245~~816,~~000~~817.6534 31,~~311~~482.0895 ~~428~~409,~~183~~065.3193 CERTS IMPACC042CE SUB 0.00000% 0.00 01,353,506.0055 0.00 Totals ~~832~~801,~~963~~245,~~011~~729.2806 13,~~673~~083,~~541~~781.1493 3130,~~717~~301,~~282~~179.2379

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~572~~550,~~089~~454,~~450~~408.5418 2322,~~805~~837,~~213~~065.0889 0.00 A-2 0.00 ~~104~~100,~~161~~222,~~944~~791.7841 4,~~333~~157,~~319~~112.9624 0.00 A-3 0.00 2019,~~031~~273,~~143~~613.2373 ~~834~~800,~~441~~479.3860 0.00 M-1 0.00 3735,~~257~~848,~~926~~921.4054 1,~~557~~494,~~913~~346.9121 0.00 M-2 0.00 1615,~~425~~804,~~537~~363.4526 ~~687~~659,~~884~~787.7689 0.00 M-3 0.00 1817,~~428~~731,~~651~~724.7763 ~~778~~746,~~584~~597.9348 0.00 M-4 0.00 2221,~~034~~200,~~257~~975.5510 ~~933~~895,~~970~~516.9698 0.00 M-5 0.00 10,~~816~~407,~~817~~751.3442 ~~459~~440,~~494~~548.3988 0.00 CERTS 0.00 0.00 01,353,506.0055 0.00 Totals 0.00 ~~801~~770,~~245~~944,~~729~~549.0627 33,~~390~~384,~~823~~961.3772 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 714,000,000.00 ~~594~~572,~~735~~089,~~590~~450.0654 0.00 2221,~~646~~635,~~139~~042.5137 0.00 0.00 A-2 130,000,000.00 ~~108~~104,~~285~~161,~~191~~944.4778 0.00 43,~~123~~939,~~246~~153.6937 0.00 0.00 A-3 25,000,000.00 20,~~824~~031,~~075~~143.2823 0.00 ~~792~~757,~~932~~529.0649 0.00 0.00 M-1 46,500,000.00 3837,~~732~~257,~~780~~926.0240 0.00 1,~~474~~409,~~853~~004.6286 0.00 0.00 M-2 20,500,000.00 1716,~~075~~425,~~741~~537.7345 0.00 ~~650~~621,~~204~~174.2919 0.00 0.00 M-3 23,000,000.00 1918,~~158~~428,~~149~~651.2677 0.00 ~~729~~696,~~497~~927.4914 0.00 0.00 M-4 27,500,000.00 22,~~906~~034,~~482~~257.8155 0.00 ~~872~~833,~~225~~282.2644 0.00 0.00 M-5 13,500,000.00 1110,~~245~~816,~~000~~817.6534 0.00 ~~428~~409,~~183~~065.3193 0.00 0.00 CERTS 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 ~~832~~801,~~963~~245,~~011~~729.2806 0.00 3130,~~717~~301,~~282~~179.2379 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 2221,~~646~~635,~~139~~042.5137 ~~572~~550,~~089~~454,~~450~~408.5418 0.~~80124573~~77094455 2221,~~646~~635,~~139~~042.5137 A-2 43,~~123~~939,~~246~~153.6937 ~~104~~100,~~161~~222,~~944~~791.7841 0.~~80124573~~77094455 43,~~123~~939,~~246~~153.6937 A-3 ~~792~~757,~~932~~529.0649 2019,~~031~~273,~~143~~613.2373 0.~~80124573~~77094455 ~~792~~757,~~932~~529.0649 M-1 1,~~474~~409,~~853~~004.6286 3735,~~257~~848,~~926~~921.4054 0.~~80124573~~77094455 1,~~474~~409,~~853~~004.6286 M-2 ~~650~~621,~~204~~174.2919 1615,~~425~~804,~~537~~363.4526 0.~~80124573~~77094455 ~~650~~621,~~204~~174.2919 M-3 ~~729~~696,~~497~~927.4914 1817,~~428~~731,~~651~~724.7763 0.~~80124573~~77094455 ~~729~~696,~~497~~927.4914 M-4 ~~872~~833,~~225~~282.2644 2221,~~034~~200,~~257~~975.5510 0.~~80124573~~77094455 ~~872~~833,~~225~~282.2644 M-5 ~~428~~409,~~183~~065.3193 10,~~816~~407,~~817~~751.3442 0.~~80124573~~77094455 ~~428~~409,~~183~~065.3193 CERTS 0.00 0.00 0.00000000 0.00 Totals 3130,~~717~~301,~~282~~179.2379 ~~801~~770,~~245~~944,~~729~~549.0627 0.~~80124573~~77094455 3130,~~717~~301,~~282~~179.2379

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 714,000,000.00 ~~832~~801.~~96301129~~24572905 0.00000000 3130.~~71728223~~30117979 0.00000000 A-2 130,000,000.00 ~~832~~801.~~96301131~~24572908 0.00000000 3130.~~71728223~~30117977 0.00000000 A-3 25,000,000.00 ~~832~~801.~~96301120~~24572920 0.00000000 3130.~~71728240~~30117960 0.00000000 M-1 46,500,000.00 ~~832~~801.~~96301118~~24572903 0.00000000 3130.~~71728215~~30117978 0.00000000 M-2 20,500,000.00 ~~832~~801.~~96301122~~24572927 0.00000000 3130.~~71728244~~30118000 0.00000000 M-3 23,000,000.00 ~~832~~801.~~96301130~~24572913 0.00000000 3130.~~71728217~~30118000 0.00000000 M-4 27,500,000.00 ~~832~~801.~~96301127~~24572909 0.00000000 3130.~~71728218~~30117964 0.00000000 M-5 13,500,000.00 ~~832~~801.~~96301111~~24572889 0.00000000 3130.~~71728222~~30118000 0.00000000 CERTS 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 Denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 3130.~~71728223~~30117979 ~~801~~770.~~24572905~~94454927 0.~~80124573~~77094455 3130.~~71728223~~30117979 A-2 0.00000000 3130.~~71728223~~30117977 ~~801~~770.~~24572908~~94454931 0.~~80124573~~77094455 3130.~~71728223~~30117977 A-3 0.00000000 3130.~~71728240~~30117960 ~~801~~770.~~24572920~~94454920 0.~~80124573~~77094455 3130.~~71728240~~30117960 M-1 0.00000000 3130.~~71728215~~30117978 ~~801~~770.~~24572903~~94454925 0.~~80124573~~77094455 3130.~~71728215~~30117978 M-2 0.00000000 3130.~~71728244~~30118000 ~~801~~770.~~24572927~~94454927 0.~~80124573~~77094455 3130.~~71728244~~30118000 M-3 0.00000000 3130.~~71728217~~30118000 ~~801~~770.~~24572913~~94454913 0.~~80124573~~77094455 3130.~~71728217~~30118000 M-4 0.00000000 3130.~~71728218~~30117964 ~~801~~770.~~24572909~~94454909 0.~~80124573~~77094455 3130.~~71728218~~30117964 M-5 0.00000000 3130.~~71728222~~30118000 ~~801~~770.~~24572889~~94454963 0.~~80124573~~77094455 3130.~~71728222~~30118000 CERTS 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 714,000,000.00 2.~~19250~~44000% ~~594~~572,~~735~~089,~~590~~450.0654 1,~~159~~202,~~073~~023.5850 0.00 0.00 A-2 130,000,000.00 2.~~18250~~43000% ~~108~~104,~~285~~161,~~191~~944.4778 ~~210~~217,~~073~~958.2787 0.00 0.00 A-3 25,000,000.00 2.~~24250~~49000% 20,~~824~~031,~~075~~143.2823 4142,~~509~~950.3211 0.00 0.00 M-1 46,500,000.00 2.~~41250~~66000% 3837,~~732~~257,~~780~~926.0240 8385,~~060~~341.2935 0.00 0.00 M-2 20,500,000.00 2.~~48250~~73000% 1716,~~075~~425,~~741~~537.7345 3738,~~680~~613.4770 0.00 0.00 M-3 23,000,000.00 23.~~88250~~13000% 1918,~~158~~428,~~149~~651.2677 49,~~087~~670.4434 0.00 0.00 M-4 27,500,000.00 3.~~03250~~28000% 22,~~906~~034,~~482~~257.8155 6162,~~745~~234.7054 0.00 0.00 M-5 13,500,000.00 3.~~13250~~38000% 1110,~~245~~816,~~000~~817.6534 31,~~311~~482.0895 0.00 0.00 CERTS 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 1,~~673~~730,~~541~~275.1536 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 (0.0201) 0.00 1,~~159~~202,~~073~~023.5752 0.00 ~~572~~550,~~089~~454,~~450~~408.5418 A-2 0.00 0.00 ~~210~~217,~~073~~958.2787 0.00 ~~104~~100,~~161~~222,~~944~~791.7841 A-3 0.00 0.00 4142,~~509~~950.3211 0.00 2019,~~031~~273,~~143~~613.2373 M-1 0.00 0.00 8385,~~060~~341.2935 0.00 3735,~~257~~848,~~926~~921.4054 M-2 0.00 0.00 3738,~~680~~613.4770 0.00 1615,~~425~~804,~~537~~363.4526 M-3 0.00 0.00 49,~~087~~670.4434 0.00 1817,~~428~~731,~~651~~724.7763 M-4 0.00 0.00 6162,~~745~~234.7054 0.00 2221,~~034~~200,~~257~~975.5510 M-5 0.00 0.00 31,~~311~~482.0895 0.00 10,~~816~~407,~~817~~751.3442 CERTS 0.00 0.00 01,353,506.0055 0.00 0.00 Totals (0.0201) 0.00 13,~~673~~083,~~541~~781.1493 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 714,000,000.00 2.~~19250~~44000% ~~832~~801.~~96301129~~24572905 1.~~62335235~~68350630 0.00000000 0.00000000 A-2 130,000,000.00 2.~~18250~~43000% ~~832~~801.~~96301131~~24572908 1.~~61594823~~67660669 0.00000000 0.00000000 A-3 25,000,000.00 2.~~24250~~49000% ~~832~~801.~~96301120~~24572920 1.~~66037280~~71800440 0.00000000 0.00000000 M-1 46,500,000.00 2.~~41250~~66000% ~~832~~801.~~96301118~~24572903 1.~~78624280~~83529785 0.00000000 0.00000000 M-2 20,500,000.00 2.~~48250~~73000% ~~832~~801.~~96301122~~24572927 1.~~83807171~~88359512 0.00000000 0.00000000 M-3 23,000,000.00 23.~~88250~~13000% ~~832~~801.~~96301130~~24572913 2.~~13423652~~15958000 0.00000000 0.00000000 M-4 27,500,000.00 3.~~03250~~28000% ~~832~~801.~~96301127~~24572909 2.~~24529818~~26307418 0.00000000 0.00000000 M-5 13,500,000.00 3.~~13250~~38000% ~~832~~801.~~96301111~~24572889 2.~~31933926~~33207037 0.00000000 0.00000000 CERTS 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 Denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 (0.~~00000003~~00000001) 0.00000000 1.~~62335234~~68350633 0.00000000 ~~801~~770.~~24572905~~94454927 A-2 0.00000000 0.00000000 1.~~61594823~~67660669 0.00000000 ~~801~~770.~~24572908~~94454931 A-3 0.00000000 0.00000000 1.~~66037280~~71800440 0.00000000 ~~801~~770.~~24572920~~94454920 M-1 0.00000000 0.00000000 1.~~78624280~~83529785 0.00000000 ~~801~~770.~~24572903~~94454925 M-2 0.00000000 0.00000000 1.~~83807171~~88359512 0.00000000 ~~801~~770.~~24572927~~94454927 M-3 0.00000000 0.00000000 2.~~13423652~~15958000 0.00000000 ~~801~~770.~~24572913~~94454913 M-4 0.00000000 0.00000000 2.~~24529818~~26307418 0.00000000 ~~801~~770.~~24572909~~94454909 M-5 0.00000000 0.00000000 2.~~31933926~~33207037 0.00000000 ~~801~~770.~~24572889~~94454963 CERTS 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 33,~~715~~473,~~518~~311.7615 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(28,854.0097) Prepayment Penalties 0.00 Total Deposits 33,~~715~~444,~~518~~456.7618 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~324~~59,~~695~~494.3948 Payment of Interest and Principal 33,~~390~~384,~~823~~961.3770 Total Withdrawals (Pool Distribution Amount) 33,~~715~~444,~~518~~456.7618 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall (0.0001) Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall (0.0001)

SERVICING FEES Gross Servicing Fee ~~261,650~~0.7800 LPMI Fee 3938,~~206~~196.2875 Master Servicing Fee 20,~~910~~155.8257 Owner Trustee Fee 1,~~184~~142.9516 Wells Fargo Bank, NA ~~1,742~~0.5600 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~324~~59,~~695~~494.3948

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 2 0 0 2 382,~~841~~741.22 0.00 0.00 382,~~841~~741.22 30 Days 28 0 0 0 28 8,~~190~~134,~~549~~731.4737 0.00 0.00 0.00 8,~~190~~134,~~549~~731.4737 60 Days 58 0 30 0 8 12,~~676~~011,~~292~~585.6775 0.00 ~~881,174~~0.0500 0.00 2,~~557~~011,~~466~~585.7275 90 Days 45 0 42 0 87 ~~874~~1,~~600~~675,739.0001 0.00 1721,~~050,575~~618.1131 0.00 12,~~925~~397,~~175~~357.1132 120 Days 04 0 71 01 76 0934,420.0070 0.00 1241,~~449,321~~145.6002 0368,000.00 1,~~449~~543,~~321~~565.6072 150 Days 01 1 45 01 58 0105,107.0006 132,800.00 1,~~131~~084,~~810~~218.2245 0258,882.0045 1,~~264~~581,~~610~~007.2296 180+ Days 32 2 46 0 910 ~~702~~387,~~982~~823.4149 377,~~682~~615.7742 ~~491~~1,~~799~~165,875.9203 0.00 1,~~572~~931,~~465~~313.1094 Totals 4048 5 2214 02 6769 1113,~~444~~249,~~424~~407.5538 893,~~323~~156.9964 53,~~004~~212,~~680~~856.9081 0626,882.0045 17,~~342~~982,~~429~~303.4428 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.~~064041~~066423% 0.000000% 0.000000% 0.~~064041~~066423% 0.~~047486~~000000% 0.000000% 0.000000% 0.~~047486~~000000% 30 Days 0.~~896574~~929924% 0.000000% 0.000000% 0.000000% 0.~~896574~~929924% 10.~~015917~~000000% 0.000000% 0.000000% 0.000000% 10.~~015917~~000000% 60 Days 0.~~160102~~265692% 0.000000% 0.~~096061~~000000% 0.000000% 0.~~256164~~265692% 0.~~207919~~000000% 0.000000% 0.~~109297~~000000% 0.000000% 0.~~317216~~000000% 90 Days 0.~~128082~~166058% 0.000000% 0.~~128082~~066423% 0.000000% 0.~~256164~~232481% 0.~~108481~~000000% 0.000000% 0.~~130308~~000000% 0.000000% 0.~~238790~~000000% 120 Days 0.~~000000~~132846% 0.000000% 0.~~224143~~033212% 0.~~000000~~033212% 0.~~224143~~199269% 0.000000% 0.000000% 0.~~179767~~000000% 0.000000% 0.~~179767~~000000% 150 Days 0.~~000000~~033212% 0.~~032020~~033212% 0.~~128082~~166058% 0.~~000000~~033212% 0.~~160102~~265692% 0.000000% 0.~~016472~~000000% 0.~~140384~~000000% 0.000000% 0.~~156856~~000000% 180+ Days 0.~~096061~~066423% 0.~~064041~~066423% 0.~~128082~~199269% 0.000000% 0.~~288184~~332116% 0.~~087195~~000000% 0.~~046846~~000000% 0.~~061001~~000000% 0.000000% 0.~~195041~~000000% Totals 1.~~280820~~594155% 0.~~160102~~166058% 0.~~704451~~464962% 0.~~000000~~066423% 2.~~145373~~291597% 10.~~419512~~000000% 0.~~110804~~000000% 0.~~620757~~000000% 0.000000% 20.~~151073~~000000%

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 50.~~522821~~000000% Weighted Average Net Coupon 5.~~147439~~145867% Weighted Average Pass-Through Rate 5.~~056992~~054814% Weighted Average Maturity(Stepdown Calculation ) ~~350~~349 Beginning Scheduled Collateral Loan Count 3,~~226~~123 Number Of Loans Paid In Full ~~103~~112 Ending Scheduled Collateral Loan Count 3,~~123~~011 Beginning Scheduled Collateral Balance ~~836~~806,~~431~~222,~~878~~247.0447 Ending Scheduled Collateral Balance ~~806,222,247~~0.4700 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~806,222,247~~0.4700 Monthly P &I Constant 4,~~224~~069,~~704~~395.9468 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 028,854.0097 Cumulative Realized Loss 028,854.0097 Ending Scheduled Balance for Premium Loans ~~806~~775,~~222~~944,~~247~~551.4736 Scheduled Principal ~~375,152~~0.1900 Unscheduled Principal 29,~~834~~917,~~478~~770.3873

Gross Collateral Interest 3,~~849~~709,~~552~~470.7530

Miscellaneous Reporting Overcollateralization ~~Target~~Increase Amount 552,~~000,002~~338.0964 ~~Overcollateralized~~Net Derivative Contract Payment Amount 4259,~~976,518~~965.4274 ~~Overcollateralization~~Overcollateralized ~~Release~~ Amount 05,000,002.0009 Overcollateralization ~~Increase~~Deficiency Amount 152,~~507,651~~338.6664 ~~Net~~Overcollateralization ~~Monthly~~Release ~~Excess~~Amount ~~Cash 1,507,651~~0.6600 ~~Net~~Overcollateralization ~~Derivative~~Target ~~Contract Payment~~ Amount ~~343~~5,~~664~~000,002.6509

Filing Compare · IMPAC CMB TRUST SERIES 2004-2