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EXHIBIT 99.3
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IMC Home Equity Loan Trust 1998-7 Asset Backed Notes Series 1998-7A & 1998-7B
Statement to Certificateholders
January 20, 1999
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DISTRIBUTION IN DOLLARS
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ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
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a 529,000,000.00 529,000,000.00 2,812,516.67 3,948,440.50 6,760,957.17 0.00 0.00 525,051,559.50
b 71,000,000.00 71,000,000.00 385,766.67 951,775.33 1,337,542.00 0.00 0.00 70,048,224.67
cert 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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TOTALS 600,000,000.00 600,000,000.00 3,198,283.34 4,900,215.83 8,098,499.17 0.00 0.00 595,099,784.17
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
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PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS FACTOR INTEREST PRINCIPAL TOTAL FACTOR RATE
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a 1,000.0000000 5.316667 7.463971 12.780637 992.5360293 a 6.380000 %
b 1,000.0000000 5.433333 13.405286 18.838620 986.5947137 b 6.520000 %
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TOTALS 1,000.0000000 5.330472 8.167026 13.497499 991.8329736
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IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED
BELOW:
Xxxxxx Xxxxxxxx
000 X. 00xx Xxxxxx, 00xx Xxxxx,
Xxx Xxxx, Xxx Xxxx 00000
Tel: (000) 000 0000
Email: xxxxxx.xxxxxxxx@xxxxx.xxx
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IMC Home Equity Loan Trust 1998-7 Asset Backed Notes Series 1998-7A & 1998-7B
January 20, 1999
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POOL 1 INFORMATION
Section 3.08 (1) Beginning Pool 1 Note Account Balance 0.00
Section 3.08 (2) Note A Current Interest 2,812,516.67
Section 3.08 (2) Note A Principal Remittance Amount 3,948,440.50
Section 3.08 (6) Pool 1 Realized Losses 0.00
Section 3.08 (7) Pool 1 Overcollateralization Reduction Amount 0.00
Section 3.08 (7) Pool 1 Overcollateralization Amount 1,516,868.53
Section 3.09(a)(ii) Note A Principal Distribution
Installment Principal Collected 141,782.36
Principal Prepayments 2,290,944.60
Overcolateralization Increase Amount 1,515,713.54
Recoveries From Prior Periods 0.00
Other 0.00
Section 3.09 (a)(iv) Note A Carry Forward Amount 0.00
Section 3.09 (a)(vi) Ending Aggregate Pool 1 Loan Balance 526,568,428.03
Ending Number of Loan Outstanding in Pool 1 8,056
Section 3.09 (a)(ix) Weighted Average Coupon Rate of Home Equity Loans in Pool 1 10.580000%
Section 3.09 (a)(xi) Pool 1 Substitution Amount-Principal 0.00
Pool 1 Substitution Amount-Interest 0.00
Pool 1 Loan Purchase Amount-Principal 0.00
Pool 1 Loan Purchase Amount-Interest 0.00
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IMC Home Equity Loan Trust 1998-7 Asset Backed Notes Series 1998-7A & 1998-7B
January 20, 1999
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POOL 2 INFORMATION
Section 3.08 (1) Beginning Pool 2 Note Account Balance 0.00
Section 3.08 (2) Note B Current Interest 385,766.67
Section 3.08 (2) Note B Principal Remittance Amount 951,775.33
Section 3.08 (6) Pool 2 Realized Losses 0.00
Section 3.08 (7) Pool 2 Overcollateralization Reduction Amount 0.00
Section 3.08 (7) Pool 2 Overcollateralization Amount 183,495.34
Section 3.09(a)(ii) Note B Principal Distribution
Installment Principal Collected 124,929.74
Principal Prepayments 651,122.01
Overcollateralization Increase Amount 175,723.58
Recoveries From Prior Periods 0.00
Other 0.00
Section 3.09 (a)(iv) Note B Carry Forward Amount 0.00
Section 3.09 (a)(vi) Ending Aggregate Pool 2 Loan Balance 70,231,720.01
Ending Number of Loan Outstanding in Pool 2 384
Section 3.09 (a)(ix) Weighted Average Coupon Rate of HomeEquity Loans in Pool 2 10.250600%
Section 3.09 (a)(xi) Pool 2 Substitution Amount-Principal 0.00
Pool 2 Substitution Amount-Interest 0.00
Pool 2 Loan Purchase Amount-Principal 0.00
Pool 2 Loan Purchase Amount-Interest 0.00
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IMC Home Equity Loan Trust 1998-7 Asset Backed Notes Series 1998-7A & 1998-7B
January 20, 1999
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Section 3.09 (b)(i) Delinquency Information
Group 1
Period Number Principal Balance Percentage
31-60 days 339 22,896,489.52 4.35%
61-90 days 108 7,213,404.67 1.37%
91+ days 4 296,848.98 0.06%
Total 451 30,406,743.17 5.78%
Group 2
Period Number Principal Balance Percentage
31-60 days 8 1,233,149.39 1.76%
61-90 days 2 515,240.72 0.73%
91+ days 0 0.00 0.00%
Total 10 1,748,390.11 2.49%
Section 3.09 (b)(ii) Foreclosure Information
Group 1
Number Principal Balance Percentage
0 0.00 0.00%
Group 2
Number Principal Balance Percentage
0 0.00 0.00%
Total Number of Loans in Foreclosure 0
Total Balance of Loans in Foreclosure 0.00
Section 3.09 (b)(ii) Number of Loans in Foreclosure that were commenced in prior month
Pool 1 0
Pool 2 0
Total 0
Section 3.09 (b)(ii) Balance of Loans in Foreclosure that were commenced in prior month
Pool 1 0.00
Pool 2 0.00
Total 0.00
Section 3.09 (b)(iii) Number of Loans in Bankruptcy
Pool 1 0
Pool 2 0
Total 0
Section 3.09 (b)(iii)Balance of Loans in Bankruptcy
Pool 1 0.00
Pool 2 0.00
Total 0.00
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IMC Home Equity Loan Trust 1998-7 Asset Backed Notes Series 1998-7A & 1998-7B
January 20, 1999
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Section 3.09 (b)(iii) Number of Balloon Loans
Pool 1 2
Pool 2 1
Total 3
Section 3.09 (b)(iii)Balance of Balloon Loans
Pool 1 115,436.92
Pool 2 269,305.80
Total 384,742.72
Section 3.09 (b)(iv)Number of REO Properties
Pool 1 0
Pool 2 0
Total 0
Section 3.09 (b)(iv) Balance of REO Properties
Pool 1 0.00
Pool 2 0.00
Total 0.00
Section 3.09 (b)(v) Book Value of REO Properties
Pool 1 0.00
Pool 2 0.00
Total 0.00
AGGREGATE INFORMATION
Section 3.08 (3)Amount of Insured Payment 0.00
Section 3.09 (b)(vi) Cumulative Loss Percentage 0.000000%
Current Period Realized Losses (both Pools) 0.00
Cumulative Realized Losses 0.00
Annual Loss Percentage (Rolling 12 month) 0.000000%
Section 3.09 (b)(vii) Sixty Plus Delinquency Percentage (Rolling 6 Month) 1.344754%
Sixty Plus Day Delinquent Loans 8,025,494.37
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IMC Home Equity Loan Trust 1998-7 Asset Backed Notes Series 1998-7A & 1998-7B
January 20, 1999
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POOL 1 NOTE ACCOUNT
CREDITS
Monthly Remittance Amount 6,876,340.31
DEBITS
Trustee Fee 1,645.53
Trustee Reimbursable Expenses 0.00
Owner Trustee Fee 3,529.28
Premium Amount 110,208.33
Note A Current Interest 2,812,516.67
Principal Distribution (including O/C Amount) 3,948,440.50
Certificate Account Distribution 0.00
Remaining Amount 0.00
POOL 2 NOTE ACCOUNT
CREDITS
Monthly Remittance Amount 1,353,023.86
DEBITS
Trustee Fee 219.48
Trustee Reimbursable Expenses 0.00
Owner Trustee Fee 470.72
Premium Amount 14,791.67
Note B Current Interest 385,766.67
Principal Distribution (including O/C Amount) 951,775.33
Certificate Account Distribution 0.00
Remaining Amount 0.00
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IMC Home Equity Loan Trust 1998-7 Asset Backed Notes Series 1998-7A & 1998-7B
January 20, 1999
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RESERVE ACCOUNT
Reserve Requirement 18,699,636.13
Beginning Reserve Balance 0.00
CREDITS
Deposits form Pool 1 0.00
Deposits from Pool 2 0.00
DEBITS
Withdrawals to Pool 1 0.00
Withdrawals to Pool 2 0.00
Release to Certificate Distribution Account 0.00
Ending Reserve Balance 0.00
CERTIFICATE DISTRIBUTION ACCOUNT
Beginning Certificate Distribution Account Balance 0.00
CREDITS
Deposits form Pool 1 0.00
Deposits from Pool 2 0.00
Deposits from Reserve 0.00
DEBITS
Payment to Certificateholders 0.00
Ending Certificate Account Balance 0.00
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IMC Home Equity Loan Trust 1998-7 Asset Backed Notes Series 1998-7A & 1998-7B
January 20, 1999
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FOR INTERNAL USE ONLY
Pool 1 Specificed O/C Amount (for info only) 17,986,000.00
Pool 2 specificed O/C Amount (for info only) 2,414,000.00
Pool 1 O/C Deficiency (for info only) 16,469,131.47
Pool 2 O/C Deficiency (for info only) 2,230,504.66
Pool 1 O/C Deficit (for info only) 0.00
Pool 2 O/C Deficit (for info only) 0.00
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