<PAGE>   1

                                                                 EXHIBIT 99.2













                       Report of Independent Accountants
                       Uniform Single attestation Program



To the Board of Directors
IMC Mortgage Company and Subsidiaries


We have examined the assertion by IMC Mortgage Company and Subsidiaries'
management about compliance with the minimum servicing standards identified in
the Mortgage Bankers Association of America's Uniform Single Attestation
Program for Mortgage Brokers (USAP) as of and for the year ended December 31,
1998, included in the accompanying management assertion. Management is
responsible for IMC Mortgage Company and Subsidiaries' compliance with those
minimum servicing standards. Our responsibility is to express an opinion on
management's assertion about the entity's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about IMC Mortgage Company and
Subsidiaries' compliance with the minimum servicing standards and performing
such other procedures as we considered necessary in the circumstances. We
believe that our examination provides a reasonable basis for our opinion. Our
examination does not provide a legal determination on IMC Mortgage Company and
Subsidiaries' compliance with the minimum servicing standards.

In our opinion, management's assertion that IMC Mortgage Company and
Subsidiaries complied with the aforementioned minimum servicing standards as of
and for the year ended December 31, 1998 is fairly stated, in all material
respects.



/s/ Grant Thornton L.L.P.
-------------------------------------
Grant Thornton L.L.P.


Tampa, Florida
March 31, 1999



                                     -13-

<PAGE>   2


                                                  
[IMC MORTGAGE COMPANY(R) LOGO]                        5901 East Fowler Avenue 
                                                      Tampa, FL 33617-2362
                                                      phone (813) 984-8801
                                                            (800) 776-2211
                                                      fax   (813) 984-2595




March 23, 1999



Grant Thornton LLP
101 E. Kennedy Blvd. - Suite 3850
Tampa, FL 33602-5154


As of and for the year ended December 31, 1998, IMC Mortgage Company and 
Subsidiaries has complied in all material respects with minimum servicing 
standards set forth in the Mortgage Bankers Association of America's Uniform 
Single Attestation Program for Mortgage Bankers.  As of and for the year ended 
December 31, 1998, IMC Mortgage and Subsidiaries had in effect a fidelity bond 
policy in the amount of $8,000,000.  For the period January 1 to June 30, 1998, 
IMC Mortgage Company and Subsidiaries had in effect an Errors and Omissions 
policy in the amount of $2,000,000.  As of and for the six months ended 
December 31, 1998, IMC Mortgage Company and Subsidiaries had in effect an 
Errors and Omission policy in the amount of $3,000.000.



/s/ Stuart D. Marvin
-----------------------
Stuart D. Marvin
Chief Financial Officer