| Deal Name : Impac Secured Assets Corp. 2006-1 | ||||
| Name | I | II | III | IV |
| Pool Name | Group 1 | Group 1-A-1 | Group 1-A-2 | Group 2 |
| Mortgage Rates/Interest Rates | ||||
| Weighted Average Mortgage Rates (Interest Rates) | 7.482% | 7.474% | 7.484% | 6.530% |
| Weighted Average Mortgage Rates Range (Low) | 4.875% | 6.000% | 4.875% | 5.875% |
| Weighted Average Mortgage Rates Range (High) | 14.875% | 11.375% | 14.875% | 8.750% |
| Weighted Average Next Adjustment Date | 36 Months | 36 Months | 84 Months | |
| % of Loans with Prepayment Charges | 79.400% | 82.910% | 78.450% | |
| Margin | ||||
| Weighted Average Margin (applies to ARM loans only) | 3.547% | 3.547% | 2.717% | |
| Principal Balances (at Cut-off Date) | ||||
| Number of Loans | 2607 | 546 | 2061 | 275 |
| Aggregate Mortgage Principal Balance | 659,600,096.85 | 139,856,672.11 | 519,743,424.74 | 260,537,689.36 |
| Average Mortgage Loan Principal Balance | 253,011.00 | 256,148.00 | 252,180.00 | 947,411.00 |
| Lowest Mortgage Loan Principal Balance | 16,333.00 | 119,929.00 | 16,333.00 | 90,000.00 |
| Highest Mortgage Loan Principal Balance | 1,999,950.00 | 1,540,000.00 | 1,999,950.00 | 7,194,230.00 |
| Original Principal Balances (at Origination Date) | ||||
| Average Original Principal Balance | 254,330.00 | 257,308.00 | 253,541.00 | 947,703.00 |
| Property Type | ||||
| Single Family | ||||
| Principal Balance | 375,214,025.60 | 85,297,414.87 | 289,916,610.73 | |
| Percent | 56.890% | 60.990% | 55.780% | |
| Condo | ||||
| Principal Balance | 70,216,543.76 | 13,610,607.19 | 56,605,936.57 | |
| Percent | 10.650% | 9.730% | 10.890% | |
| 2-4 Family | ||||
| Principal Balance | 295,174.62 | 295,174.62 | ||
| Percent | 0.040% | 0.060% | ||
| PUD (Planned Unit Development | ||||
| Principal Balance | 22,574,320.39 | 4,182,453.45 | 18,391,866.94 | |
| Percent | 3.420% | 2.990% | 3.540% | |
| 2 Family | ||||
| Principal Balance | 39,637,523.82 | 8,223,541.57 | 31,413,982.25 | |
| Percent | 6.010% | 5.880% | 6.040% | |
| 3 Family | ||||
| Principal Balance | 17,349,669.21 | 2,079,655.06 | 15,270,014.15 | |
| Percent | 2.630% | 1.490% | 2.940% | |
| 4 Family | ||||
| Principal Balance | 18,964,268.24 | 4,388,519.08 | 14,575,749.16 | |
| Percent | 2.880% | 3.140% | 2.800% | |
| Condominium Non-Warrantable | ||||
| Principal Balance | 131,817.72 | 131,817.72 | ||
| Percent | 0.020% | 0.030% | ||
| Condotel | ||||
| Principal Balance | 4,196,387.56 | 1,445,610.99 | 2,750,776.57 | |
| Percent | 0.640% | 1.030% | 0.530% | |
| Deminimis Planned Unit Development | ||||
| Principal Balance | 90,572,606.92 | 17,137,303.93 | 73,435,302.99 | |
| Percent | 13.730% | 12.250% | 14.130% | |
| Hi-Rise | ||||
| Principal Balance | 17,359,787.44 | 3,040,115.24 | 14,319,672.20 | |
| Percent | 2.630% | 2.170% | 2.760% | |
| Townhouse | ||||
| Principal Balance | 3,087,971.57 | 451,450.73 | 2,636,520.84 | |
| Percent | 0.470% | 0.320% | 0.510% | |
| Multi-Family Residence | ||||
| Principal Balance | 260,537,989.36 | |||
| Percent | 100.000% | |||
| Total | ||||
| Principal Balance | 659,600,096.85 | 139,856,672.11 | 519,743,424.74 | 260,537,989.36 |
| Percent | 100.000% | 100.000% | 100.000% | 100.000% |
| Loan Purpose | ||||
| Purchase | ||||
| Principal Balance | 389,103,474.59 | 72,578,796.12 | 316,524,678.47 | 145,237,780.65 |
| Percent | 58.990% | 51.900% | 60.900% | 55.750% |
| Refinance -Rate Term | ||||
| Principal Balance | 52,653,525.33 | 11,714,020.91 | 40,939,504.42 | 11,384,633.15 |
| Percent | 7.980% | 8.380% | 7.880% | 4.370% |
| Refinance - Cash out | ||||
| Principal Balance | 217,843,096.93 | 55,563,855.08 | 162,279,241.85 | 103,915,575.56 |
| Percent | 33.030% | 39.730% | 31.220% | 39.880% |
| Total | ||||
| Principal Balance | 659,600,096.85 | 139,856,672.11 | 519,743,424.74 | 260,537,989.36 |
| Percent | 100.000% | 100.000% | 100.000% | 100.000% |
| Occupancy Status | ||||
| Primary | ||||
| Principal Balance | 454,427,246.25 | 93,221,950.91 | 361,205,295.34 | |
| Percent | 68.890% | 66.660% | 69.500% | |
| Secondary | ||||
| Principal Balance | 35,234,360.40 | 8,628,891.90 | 26,605,468.50 | |
| Percent | 5.340% | 6.170% | 5.120% | |
| Investor | ||||
| Principal Balance | 169,938,490.20 | 38,005,829.30 | 131,932,660.90 | 260,537,989.36 |
| Percent | 25.760% | 27.170% | 25.380% | 100.000% |
| Total | ||||
| Principal Balance | 659,600,096.85 | 139,856,672.11 | 519,743,424.74 | 260,537,989.36 |
| Percent | 100.000% | 100.000% | 100.000% | 100.000% |
| Loan-To-Value | ||||
| Weighted Average Loan-to-Value | 76.380% | 74.600% | 76.860% | 67.460% |
| Loan-to-Value Range (Low) | 8.450% | 25.600% | 8.450% | 16.250% |
| Loan-to-Value Range (High) | 100.000% | 100.000% | 100.000% | 80.000% |
| FICO | ||||
| Weighted Average FICO (credit score) | 689 | 691 | 688 | 738 |
| Debt-To-Income | ||||
| Weighted Average Debt-to-Income | 38.91% | 38.81% | 38.94% | 19.91% |
| WARM | ||||
| Weighted Average Remaining Term to Maturity (months) | 347.00 | 353.00 | 346.00 | 358.00 |
| Geographic Distribution | ||||
| Arizona (AZ) | ||||
| Principal Balance | 22,394,224.72 | 2,457,871.87 | 19,936,352.85 | 9,705,897.65 |
| Percent | 3.400% | 1.760% | 3.840% | 3.730% |
| California (CA) | ||||
| Principal Balance | 288,348,050.27 | 59,672,285.26 | 228,675,765.01 | 123,336,721.54 |
| Percent | 43.720% | 42.670% | 44.000% | 47.340% |
| Colorado (CO) | ||||
| Principal Balance | 8,950,238.71 | 7,868,577.15 | ||
| Percent | 1.360% | 1.510% | ||
| Connecticut (CT) | ||||
| Principal Balance | 4,112,034.07 | |||
| Percent | 1.580% | |||
| Florida (FL) | ||||
| Principal Balance | 133,155,834.72 | 38,864,859.32 | 94,290,975.40 | 6,090,646.10 |
| Percent | 20.190% | 27.790% | 18.140% | 2.340% |
| Georgia (GA) | ||||
| Principal Balance | 10,159,221.17 | 9,044,043.83 | ||
| Percent | 1.540% | 1.740% | ||
| Hawaii (HI) | ||||
| Principal Balance | 5,874,805.65 | |||
| Percent | 1.130% | |||
| Illinois (IL) | ||||
| Principal Balance | 17,445,299.45 | 2,714,336.18 | 14,730,963.27 | |
| Percent | 2.640% | 1.940% | 2.830% | |
| Kentucky (KY) | ||||
| Principal Balance | 5,240,000.00 | |||
| Percent | 2.010% | |||
| Maine (ME) | ||||
| Principal Balance | 2,911,162.10 | |||
| Percent | 1.120% | |||
| Maryland (MD) | ||||
| Principal Balance | 17,015,262.17 | 3,524,306.95 | 13,490,955.22 | |
| Percent | 2.580% | 2.520% | 2.600% | |
| Massachusetts (MA) | ||||
| Principal Balance | 7,605,929.59 | 7,352,037.43 | 5,815,101.98 | |
| Percent | 1.150% | 1.410% | 2.230% | |
| Minnesota (MN) | ||||
| Principal Balance | 7,648,331.94 | |||
| Percent | 2.940% | |||
| Nevada (NV) | ||||
| Principal Balance | 12,166,716.50 | 3,463,298.65 | 8,703,417.85 | 4,289,789.57 |
| Percent | 1.840% | 2.480% | 1.670% | 1.650% |
| New Jersey (NJ) | ||||
| Principal Balance | 14,179,017.16 | 1,516,900.00 | 12,662,117.16 | |
| Percent | 2.150% | 1.080% | 2.440% | |
| New Mexico (NM) | ||||
| Principal Balance | 15,620,416.27 | |||
| Percent | 6.000% | |||
| New York (NY) | ||||
| Principal Balance | 34,587,158.86 | 8,716,522.09 | 25,870,636.77 | 3,087,473.99 |
| Percent | 5.240% | 6.230% | 4.980% | 1.190% |
| Ohio (OH) | ||||
| Principal Balance | 9,583,019.67 | |||
| Percent | 3.680% | |||
| Oregon (OR) | ||||
| Principal Balance | 3,041,436.85 | |||
| Percent | 1.170% | |||
| Pennsylvania (PA) | ||||
| Principal Balance | 3,769,993.73 | |||
| Percent | 1.450% | |||
| Tennessee (TN) | ||||
| Principal Balance | 5,980,586.90 | |||
| Percent | 2.300% | |||
| Texas (TX) | ||||
| Principal Balance | 9,164,348.73 | 1,398,720.14 | 7,765,628.59 | 14,559,694.02 |
| Percent | 1.390% | 1.000% | 1.490% | 5.590% |
| Virginia (VA) | ||||
| Principal Balance | 20,249,123.19 | 3,825,401.16 | 16,423,722.03 | |
| Percent | 3.070% | 2.740% | 3.160% | |
| Washington (WA) | ||||
| Principal Balance | 8,997,478.26 | 1,668,205.02 | 7,329,273.24 | 14,219,390.38 |
| Percent | 1.360% | 1.190% | 1.410% | 5.460% |
| Other | ||||
| Principal Balance | 55,182,193.35 | 12,033,965.47 | 39,724,153.29 | 21,526,292.60 |
| Percent | 8.370% | 8.600% | 7.640% | 8.260% |
| Total | ||||
| Principal Balance | 659,600,096.85 | 139,856,672.11 | 519,743,424.74 | 260,537,989.36 |
| Percent | 100.000% | 100.000% | 100.000% | 100.000% |
| Documentation Type | ||||
| Alternative Documentation | ||||
| Principal Balance | 263,699.58 | 263,699.58 | ||
| Percent | 0.040% | 0.050% | ||
| No Documentation Program | ||||
| Principal Balance | 25,901,602.38 | 19,464,929.96 | 1,040,819.47 | |
| Percent | 3.930% | 3.750% | 0.400% | |
| No Documentation Program (Verified Assets) | ||||
| Principal Balance | 7,005,169.47 | 3,925,373.64 | ||
| Percent | 1.060% | 0.760% | ||
| Progressive Express Program (Non-Verified Assets) | ||||
| Principal Balance | 37,864,239.30 | 32,731,350.20 | ||
| Percent | 5.740% | 6.300% | ||
| Progressive Express Program (Verified Assets) | ||||
| Principal Balance | 56,958,704.11 | 47,369,705.48 | ||
| Percent | 8.640% | 9.110% | ||
| Full/Income Stated Assets | ||||
| Principal Balance | 1,245,832.76 | 680,940.60 | ||
| Percent | 0.190% | 0.130% | ||
| Full Documentation | ||||
| Principal Balance | 50,400,477.91 | 10,333,612.60 | 40,066,865.31 | 212,815,778.22 |
| Percent | 7.640% | 7.390% | 7.710% | 81.680% |
| No Income/No Assets | ||||
| Principal Balance | 8,383,987.35 | 8,383,987.35 | ||
| Percent | 1.270% | 1.610% | ||
| Stated Income/Stated Assets | ||||
| Principal Balance | 19,657,329.16 | 14,292,111.20 | 1,718,000.00 | |
| Percent | 2.980% | 2.750% | 0.660% | |
| Stated Documentation | ||||
| Principal Balance | 451,919,054.83 | 99,354,593.41 | 352,564,461.42 | 44,963,391.67 |
| Percent | 68.510% | 71.040% | 67.830% | 17.260% |
| Express Verified Assets | ||||
| Principal Balance | 9,588,998.63 | |||
| Percent | 6.860% | |||
| Express No Doc | ||||
| Principal Balance | 6,436,672.42 | |||
| Percent | 4.600% | |||
| SISA | ||||
| Principal Balance | 5,365,217.96 | |||
| Percent | 3.840% | |||
| Express Non-Verified Assets | ||||
| Principal Balance | 5,132,889.10 | |||
| Percent | 3.670% | |||
| Express No Doc Verified Assets | ||||
| Principal Balance | 3,079,795.83 | |||
| Percent | 2.200% | |||
| FISA | ||||
| Principal Balance | 564,892.16 | |||
| Percent | 0.400% | |||
| Total | ||||
| Principal Balance | 659,600,096.85 | 139,856,672.11 | 519,743,424.74 | 260,537,989.36 |
| Percent | 100.000% | 100.000% | 100.000% | 100.000% |
| Risk Category | ||||
| ALT B/A | ||||
| Principal Balance | 199,816.75 | 199,816.75 | ||
| Percent | 0.030% | 0.04% | ||
| A | ||||
| Principal Balance | 232,948,624.29 | 53,644,766.47 | 179,303,857.82 | 253,831,639.89 |
| Percent | 35.320% | 38.36% | 34.50% | 97.43% |
| A+ | ||||
| Principal Balance | 296,219,901.38 | 61,887,564.20 | 234,332,337.18 | |
| Percent | 44.910% | 44.25% | 45.09% | |
| A- | ||||
| Principal Balance | 22,028,644.27 | 2,249,646.01 | 19,778,998.26 | |
| Percent | 3.340% | 1.61% | 3.81% | |
| B | ||||
| Principal Balance | 673,003.39 | 53,003.39 | 620,000.00 | 5,204,350.39 |
| Percent | 0.10% | 0.04% | 0.12% | 2.00% |
| CX | ||||
| Principal Balance | 210,902.79 | 94,465.38 | 116,437.41 | |
| Percent | 0.03% | 0.07% | 0.02% | |
| Progressive Express I | ||||
| Principal Balance | 63,699,372.15 | 15,374,129.08 | 48,325,243.07 | |
| Percent | 9.660% | 10.990% | 9.300% | |
| Progressive Express II | ||||
| Principal Balance | 37,474,314.38 | 4,925,063.89 | 32,549,250.49 | |
| Percent | 5.680% | 3.520% | 6.260% | |
| Progressive Express III | ||||
| Principal Balance | 2,807,256.05 | 785,580.55 | 2,021,675.50 | |
| Percent | 0.430% | 0.560% | 0.390% | |
| Progressive Express IV | ||||
| Principal Balance | 1,715,486.72 | 517,878.69 | 1,197,608.03 | |
| Percent | 0.260% | 0.370% | 0.230% | |
| Progressive Express V | ||||
| Principal Balance | 740,782.88 | 324,574.45 | 416,208.43 | |
| Percent | 0.110% | 0.230% | 0.080% | |
| Progressive Express VI | ||||
| Principal Balance | 881,991.80 | 881,991.80 | ||
| Percent | 0.130% | 0.170% | ||
| C | ||||
| Principal Balance | 1,501,999.08 | |||
| Percent | 0.580% | |||
| Total | ||||
| Principal Balance | 659,600,096.85 | 139,856,672.11 | 519,743,424.74 | 260,537,989.36 |
| Percent | 100.000% | 100.000% | 100.000% | 100.000% |
| Product Type | ||||
| 15Y Fixed Balloon | ||||
| Principal Balance | 8,993,614.57 | 8,664,824.36 | ||
| Percent | 1.36% | 1.67% | ||
| 20Y Fixed Balloon | ||||
| Principal Balance | 67,906.09 | 67,906.09 | ||
| Percent | 0.01% | 0.01% | ||
| 30Y Fixed Balloon | ||||
| Principal Balance | 2,863,892.44 | 1,330,192.44 | 1,533,700.00 | |
| Percent | 0.43% | 0.95% | 0.30% | |
| 15Y Fixed Balloon - IO | ||||
| Principal Balance | 6,010,877.58 | 6,010,877.58 | ||
| Percent | 0.91% | 1.16% | ||
| 30Y Fixed | ||||
| Principal Balance | 130,465,207.18 | 55,203,658.11 | 75,261,549.07 | |
| Percent | 19.78% | 39.47% | 14.48% | |
| 30Y Fixed - IO | ||||
| Principal Balance | 173,371,798.58 | 82,994,031.35 | 90,377,767.23 | |
| Percent | 26.28% | 59.34% | 17.39% | |
| 30Y LIB12M | ||||
| Principal Balance | 932,170.33 | 932,170.33 | ||
| Percent | 0.14% | 0.18% | ||
| 30Y LIB12M - IO | ||||
| Principal Balance | 21,827,606.00 | 21,827,606.00 | ||
| Percent | 3.31% | 4.20% | ||
| 30Y LIB1M | ||||
| Principal Balance | 148,000.00 | 148,000.00 | ||
| Percent | 0.020% | 0.030% | ||
| 2/28 LIB6M | ||||
| Principal Balance | 20,078,773.69 | 20,078,773.69 | ||
| Percent | 3.040% | 3.860% | ||
| 2/28 LIB6M - Balloon. | ||||
| Principal Balance | 1,269,600.00 | 1,269,600.00 | ||
| Percent | 0.190% | 0.240% | ||
| 2/28 LIB6M - IO | ||||
| Principal Balance | 49,951,538.79 | 49,951,538.79 | ||
| Percent | 7.570% | 9.610% | ||
| 3/27 LIB6M | ||||
| Principal Balance | 4,862,531.90 | 35,943,392.38 | ||
| Percent | 0.740% | 13.800% | ||
| 3/27 LIB6M - Balloon | ||||
| Principal Balance | 226,400.00 | |||
| Percent | 0.030% | |||
| 3/27 LIB6M - IO | ||||
| Principal Balance | 24,588,038.96 | 24,588,038.96 | 6,675,500.00 | |
| Percent | 3.730% | 4.730% | 2.560% | |
| 5/25 LIB12M | ||||
| Principal Balance | 155,268.65 | 155,268.65 | ||
| Percent | 0.020% | 0.030% | ||
| 5/25 LIB12M - IO | ||||
| Principal Balance | 220,000.00 | 220,000.00 | ||
| Percent | 0.030% | 0.040% | ||
| 5/25 LIB6M | ||||
| Principal Balance | 15,833,720.10 | 15,833,720.10 | 39,811,648.74 | |
| Percent | 2.400% | 3.050% | 15.280% | |
| 5/25 LIB6M - Balloon | ||||
| Principal Balance | 1,551,713.30 | 1,551,713.30 | ||
| Percent | 0.240% | 0.300% | ||
| 5/25 LIB6M - IO | ||||
| Principal Balance | 112,469,675.87 | 112,469,675.87 | 24,290,578.40 | |
| Percent | 17.050% | 21.640% | 9.320% | |
| Total | ||||
| Principal Balance | 659,600,096.85 | 139,856,672.11 | 519,743,424.74 | 260,537,989.36 |
| Percent | 100.000% | 100.000% | 100.000% | 100.000% |
| Servicer | ||||
| Countrywide Home Loans Servicing LP. | ||||
| GMAC Mortgage Corporation. | ||||
| Midland Loan Servicers, Inc. | ||||
| Maximum Mortgage Rate | ||||
| Weighted Average Maximum Mortgage Rate | 13.09% | 13.09% | 12.53% | |
| Weighted Average Minimum Mortgage Rate Range (High) | ||||
| ARM | ||||
| Initial Periodic Rate | 3.000% | |||
| Periodic Rate | 1.000% |