<PAGE>   1
Exhibit 99.3


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                           IMC HOME EQUITY LOAN TRUST
                            PASS-THROUGH CERTIFICATES
                                  SERIES 1998-3
================================================================================


DISTRIBUTION: APRIL 1998 - JANUARY 1999                                PAGE # 1



<TABLE>
<CAPTION>

                ORIGINAL         BEGINNING                                     
              CERTIFICATE       CERTIFICATE       PRINCIPAL         INTEREST   
   CLASS        BALANCE           BALANCE       DISTRIBUTION       DISTRIBUTION 
--------------------------------------------------------------------------------
  <S>     <C>                <C>               <C>               <C>
    A-1      75,000,000.00      75,000,000.00   75,000,000.00     1,259,334.05  
    A-2     228,304,000.00     228,304,000.00   39,460,997.08     8,264,162.16  
    A-3     198,193,000.00     198,193,000.00            0.00     7,121,735.11  
    A-4     118,582,000.00     118,582,000.00            0.00     4,309,467.54  
    A-5      95,073,000.00      95,073,000.00            0.00     3,527,208.30  
    A-6     100,867,000.00     100,867,000.00            0.00     3,765,701.31  
    A-7     113,981,000.00     113,981,000.00            0.00     4,468,055.20  
    A-8      70,000,000.00      70,000,000.00            0.00     2,588,833.31  
     R          N/A                  N/A            N/A           2,885,794.41  
--------------------------------------------------------------------------------
  TOTALS  1,000,000,000.00   1,000,000,000.00  114,460,996.78    38,190,291.39  
--------------------------------------------------------------------------------



--------------------------------------------------------------------------------
   A-9IO     70,000,000.00      70,000,000.00       N/A           2,184,583.31  
  (NOT'L)
--------------------------------------------------------------------------------


<CAPTION>
                              ENDING                           ENDING
              TOTAL        CERTIFICATE        O/C             PRINCIPAL
   CLASS   DISTRIBUTION      BALANCE         AMOUNT            BALANCE
---------------------------------------------------------------------------
  <S>     <C>             <C>              <C>              <C>
    A-1    76,259,334.05            0.00
    A-2    47,725,159.24  188,843,002.92
    A-3     7,121,735.11  198,193,000.00
    A-4     4,309,467.54  118,582,000.00
    A-5     3,527,208.30   95,073,000.00   16,345,197.18    901,884,200.10
    A-6     3,765,701.31  100,867,000.00
    A-7     4,468,055.20  113,981,000.00
    A-8     2,588,833.31   70,000,000.00
     R      2,885,794.41       N/A
---------------------------------------------------------------------------
  TOTALS  152,651,288.18  885,539,002.92   16,345,197.18    901,884,200.10
---------------------------------------------------------------------------



---------------------------------------------------------------------------
   A-9IO    2,184,583.31   70,000,000.00        N/A               N/A
  (NOT'L)
---------------------------------------------------------------------------

</TABLE>




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<TABLE>
<CAPTION>

              FACTOR INFORMATION PER $1,000
                                                                                 PASS THRU RATES


                PRINCIPAL         INTEREST      END. CERT.                          INIT PASS        CURR PASS
    CLASS      DISTRIBUTION     DISTRIBUTION     BALANCE                 CLASS      THRU RATE        THRU RATE
-------------------------------------------------------------         ------------------------------------------
   <S>        <C>               <C>            <C>                       <C>        <C>             <C>
     A-1      1000.00000000     16.79112067       0.00000000              A-1       5.60465000%     5.60465000%
     A-2       172.84408981     36.19806118     827.15591019              A-2       6.27000000%     6.27000000%
     A-3         0.00000000     35.93333322    1000.00000000              A-3       6.16000000%     6.16000000%
     A-4         0.00000000     36.34166686    1000.00000000              A-4       6.23000000%     6.23000000%
     A-5         0.00000000     37.10000000    1000.00000000              A-5       6.36000000%     6.36000000%
     A-6         0.00000000     37.33333310    1000.00000000              A-6       6.40000000%     6.40000000%
     A-7         0.00000000     39.20000000    1000.00000000              A-7       6.72000000%     6.72000000%
     A-8         0.00000000     36.98333300    1000.00000000              A-8       6.34000000%     6.34000000%
-------------------------------------------------------------            A-9IO      5.35000000%     5.35000000%
   TOTALS       114.4609971     38.19029139      885.5390029          ------------------------------------------
-------------------------------------------------------------                                                   



-------------------------------------------------------------
    A-9IO               N/A     31.20833300    1000.00000000
   (NOT'L)
-------------------------------------------------------------
</TABLE>







================================================================================


 IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
                          ADMINISTRATOR LISTED BELOW:







                                THOMAS ROLLAUER
             THE CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
                        450 WEST 33RD STREET, 15TH FLOOR
                            NEW YORK, NEW YORK 10001

                                 (212) 946-3881



(C) COPYRIGHT 1997, THE CHASE MANHATTAN BANK








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