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Previous: CHOICECARE CORP \OH\, DEF 14A, 1997-04-30 |
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<PAGE>
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) April 15, 1997.
OMI Trust 1995-B
(Exact name of registrant as specified in charter)
Pennsylvania 33-83660 23-2824328
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
c/o PNC Bank, National Association
Corporate Trust Department
Attention: Constantine Hromych
1700 Market Street
Philadelphia, Pennsylvania 19103
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (215) 585-8738
-------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE>
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) April 15, 1997.
OMI Trust 1995-B
(Exact name of registrant as specified in charter)
Pennsylvania 33-83660 23-2824328
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
c/o PNC Bank, National Association
Corporate Trust Department
Attention: Constantine Hromych
1700 Market Street
Philadelphia, Pennsylvania 19103
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (215) 585-8738
-------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE>
OMI Trust 1995-B
Form 8-K
Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
Not Applicable.
Item 3. Bankruptcy or Receivership.
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable.
Item 5. Other Events.
OMI Trust 1995-B (the "Trust"), the issuer of the Oakwood Mortgage
Investors, Inc. Manufactured Housing Contract Senior/Subordinated Pass-Through
Certificates, Series 1995- B (the "Certificates"), makes monthly distributions
to holders of the Certificates. The latest distribution was made on April 15,
1997. Oakwood Acceptance Corporation, as Servicer for the Trust, has prepared a
monthly Remittance Report and delivered it to the Trustee.
Remittance Report. . . . . . . . . . . . .Exhibit 20.1
Item 6. Resignations of Registrant's Directors.
Not Applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Exhibits
20.1 Monthly Remittance Report relating to the Distribution Date
occurring on April 15, 1997.
Item 8. Change in Fiscal Year.
Not Applicable.
<PAGE>
Signatures
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 thereunto duly authorized.
OMI TRUST 1995-B, Registrant
By: Oakwood Acceptance Corporation,
as servicer
April 25, 1997
Douglas R. Muir
Vice President
<PAGE>
Signatures
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 thereunto duly authorized.
OMI TRUST 1995-B, Registrant
By: Oakwood Acceptance Corporation,
as servicer
April 25, 1997 /s/ DOUGLAS R. MUIR
Douglas R. Muir
Vice President
<PAGE>
INDEX OF EXHIBITS
<TABLE>
<CAPTION>
Page of Sequentially
Numbered Pages
<S> <C>
20.1 Monthly Remittance Report relating to Distribution
Date occurring on April 15, 1997............................................................. 5-10
</TABLE>
<PAGE>
INDEX OF EXHIBITS
<TABLE>
<CAPTION>
Page of Sequentially
Numbered Pages
<S> <C>
20.1 Monthly Remittance Report relating to Distribution
Date occurring on April 15, 1997.................................................................
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1995-B REPORT DATE: APRIL 6, 1997
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 18
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: MARCH 31, 1997
<TABLE>
<CAPTION>
Scheduled Principal Balance of Contracts
- --------------------------------------------------------------------------------------------------------------------------------
Beginning Ending
Principal Scheduled Prepaid Liquidated Contracts Principal
Balance Principal Principal Principal Repurchased Balance
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
161,702,026.63 (404,736.45) (679,970.56) (1,163,825.86) 0.00 159,453,493.76
==============================================================================================================================
<CAPTION>
Scheduled Scheduled Amount
Gross Servicing Pass Thru Liquidation Reserve Available for
Interest Fee Interest Proceeds Fund Draw Distribution
- ----------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C>
1,524,673.02 134,751.69 1,389,921.33 838,669.47 0.00 3,448,049.50
============================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
Reserve Fund as of Cutoff Date
- --------------------------------------------------------------------------------------------------------------
Beginning Investment Balance Before Reserve Reserve Balance After
Balance Deposits Distrib. Interest Current Distribution Fund Draw Fund Deposit Current Distribution
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
376,355.52 0.00 -1,355.52 1,517.06 376,517.06 0.00 0.00 376,517.06
====================================================================================================================================
<CAPTION>
Reserve Fund Required Balance
--------------------------------------
Before Current After Current
Excess Distribution Distribution
- ----------------------- --------------------------------------
<C> <C> <C>
1,517.06 375,000.00 375,000.00
======================= ======================================
</TABLE>
<TABLE>
<CAPTION>
Certificate Account
- --------------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
588,318.05 2,268,076.06 1,617,845.75 (3,532,452.25) 3,768.32 945,555.93
================================================================================================================================
</TABLE>
P&I Advances at Distribution Date
- --------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
- --------------------------------------------------------------------------------
1,689,711.73 1,523,049.09 1,653,258.37 1,819,921.01
================================================================================
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1995-B REPORT DATE: APRIL 6, 1997
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 18
REMITTANCE REPORT
REPORTING MONTH: MARCH 31, 1997 Page 2 of 6
<TABLE>
<CAPTION>
Class B Crossover Test Test Met?
- ----------------------------------------------------------------- ---------------
<S> <C>
(a) Remittance date on or after April 2000 N
(b) Average 60 day Delinquency rate <= 5% Y
(c) Average 30 day Delinquency rate <= 7% Y
(d) Cumulative losses do not exceed the following
percent of the intitial principal balance of all Certificates
Average 30 day delinquency ratio:
April 2000 -Sept. 2001 7% N
Oct 2001 -Sept. 2002 8% N
Oct 2002 - 9% N
(e) Current realized loss ratio <= 2.75% Y
(f) Are class B principal balances >= 25.375%
of stated scheduled pool balance
Beginning B-1 balance 19,650,000.00
Beginning B-2 balance 7,485,958.00
--------------------
27,135,958.00
Divided by beginning pool
balance 161,702,026.63
--------------------
16.781% N
====================
<CAPTION>
Average 60 day delinquency ratio:
Over 60s Pool Balance %
--------------------------------------------------------
Current Mo 7,309,742.63 159,453,493.76 4.58%
1st Preceding Mo 7,701,503.79 161,702,026.63 4.76%
2nd Preceding Mo 8,204,944.85 163,688,235.86 5.01%
Divided by 3
-----------
4.79%
===========
Over 30s Pool Balance %
--------------------------------------------------------
Current Mo 10,010,192.35 159,453,493.76 6.28%
1st Preceding Mo 10,655,520.31 161,702,026.63 6.59%
2nd Preceding Mo 11,526,214.07 163,688,235.86 7.04%
Divided by 3
-----------
6.64%
===========
Cumulative loss ratio:
Cumulative losses 2,149,220.06
------------------------
Divided by Initial Certificate Principal 187,144,958.00 1.148%
===========
Current realized loss ratio:
Liquidation Pool
Losses Balance
-------------------------------------------
Current Mo 325,156.39 161,702,026.63
1st Preceding Mo 292,328.19 163,688,235.86
2nd Preceding Mo 285,524.41 165,649,747.56
2.225%
===========
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1995-B
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: APRIL 6, 1997
REMITTANCE REPORT POOL REPORT # 18
REPORTING MONTH: MARCH 31, 1997 Page 3 of 6
<TABLE>
<CAPTION>
Delinquency Analysis
31 to 59 days 60 to 89 days 90 days and Over Total Delinq.
No. of Principal Principal Principal Principal Principal
Loans Balance # Balance # Balance # Balance # Balance
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Excluding Repos 5,479 154,932,434.16 89 2,641,361.12 31 1,004,998.60 54 1,842,773.03 174 5,489,132.75
Repos 140 4,521,059.60 2 59,088.60 13 355,849.35 125 4,106,121.65 140 4,521,059.60
------------------------------------------------------------------------------------------------------------------
Total 5,619 159,453,493.76 91 2,700,449.72 44 1,360,847.95 179 5,948,894.68 314 10,010,192.35
==================================================================================================================================
5.6% 6.28%
======================
<CAPTION>
Repossession Analysis
Active Repos Reversal Current Month
Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal
# Balance # Balance # Balance # Balance
------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C> <C> <C>
Excluding Repos 140 4,521,059.60 0 0.00 36 1,032,822.35 498 13,751,790.11
Repos
Total
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1995-B
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: APRIL 6, 1997
REMITTANCE REPORT POOL REPORT # 18
REPORTING MONTH: MARCH 31, 1997
Page 4 of 6
REPOSSESSION LIQUIDATION REPORT
<TABLE>
<CAPTION>
Liquidated Net
Account Customer Principal Sales Insur. Total Repossession Liquidation
Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
074907-7 VANN III 4,577.66 400.00 339.37 739.37 0.00 739.37
075523-1 BENNETT 7,916.61 1900.00 331.70 2,231.70 0.00 2,231.70
075835-9 KNIGHT 7,488.78 8,500.00 489.52 8,989.52 579.49 8,410.03
072438-5 HAYWORTH 12,196.08 6,000.00 359.01 6,359.01 0.00 6,359.01
073452-5 RUSSELL 12,985.82 12,500.00 506.46 13,006.46 2,073.94 10,932.52
073885-6 HIRTLE 18,302.73 17,900.00 965.16 18,865.16 4,642.00 14,223.16
074340-1 GURGANUS 8,152.86 2,500.00 296.25 2,796.25 0.00 2,796.25
074625-5 CRITTENDEN 25,781.74 25,100.00 804.82 25,904.82 5,778.11 20,126.71
075298-0 GLIDEWEL 13,515.53 5,050.00 737.62 5,787.62 1,085.15 4,702.47
075531-4 FISCHER 20,423.62 21,500.00 1,555.45 23,055.45 4,167.82 18,887.63
071402-2 CHAMBERS 28,675.05 24,900.00 1,168.67 26,068.67 6,273.52 19,795.15
071888-2 PETERS 22,206.64 19,900.00 1,430.56 21,330.56 3,486.26 17,844.30
071907-0 VANHORN 20,141.81 20,100.00 506.48 20,606.48 788.00 19,818.48
072051-6 ARLEDGE 25,497.73 21,500.00 675.16 22,175.16 1,091.02 21,084.14
072656-2 STEWART 22,109.60 21,900.00 641.87 22,541.87 3,188.56 19,353.31
073515-9 LEE 26,277.77 26,900.00 1,270.94 28,170.94 1,661.82 26,509.12
073561-3 BARBER 19,855.88 19,100.00 1,204.70 20,304.70 1,609.00 18,695.70
073927-6 MULLINS 30,110.27 29,400.00 1,190.05 30,590.05 1,248.00 29,342.05
074304-7 CAHOON 29,444.65 29,500.00 2,084.64 31,584.64 5,315.37 26,269.27
074375-7 T H JOHNSON 23,910.59 18,900.00 1,258.93 20,158.93 1,067.00 19,091.93
075072-9 SIMPKINS 26,958.53 24,900.00 1,001.88 25,901.88 3,536.72 22,365.16
075205-5 HANEY 19,374.32 18,500.00 1,577.71 20,077.71 4,462.50 15,615.21
075231-1 FORTNER 27,125.06 22,500.00 1,326.29 23,826.29 3,842.00 19,984.29
075337-6 B. JOHNSON 19,719.51 18,700.00 1,102.39 19,802.39 6,034.76 13,767.63
076544-6 GUESS 22,338.71 24,100.00 0.00 24,100.00 1,492.77 22,607.23
076568-5 PRICE 24,545.46 27,500.00 1,362.11 28,862.11 4,345.78 24,516.33
076818-4 SEITER 23,046.38 21,500.00 966.65 22,466.65 2,897.70 19,568.95
077085-9 MCCRIMMONS 20,641.54 19,350.00 586.56 19,936.56 2,450.30 17,486.26
077232-7 CASON 27,777.63 24,000.00 953.34 24,953.34 4,427.51 20,525.83
078024-7 BERRY 22,986.30 21,500.00 1,124.08 22,624.08 3,251.76 19,372.32
078201-1 BROOKS 24,733.22 23,900.00 1,271.75 25,171.75 2,165.05 23,006.70
078342-3 COLLUM 25,120.52 21,100.00 2,145.82 23,245.82 3,415.62 19,830.20
072214-0 MORGAN 48,377.33 45,000.00 1,854.94 46,854.94 1,450.00 45,404.94
072297-5 VERNON 43,274.80 37,825.00 1,108.55 38,933.55 5,201.59 33,731.96
072798-2 HOLLOMAN 43,429.96 45,900.00 338.40 46,238.40 6,400.41 39,837.99
072838-6 FULTON 31,544.28 27,595.00 1,082.47 28,677.47 5,923.99 22,753.48
073162-0 VIGIL 34,083.19 32,900.00 0.00 32,900.00 3,773.20 29,126.80
073447-5 DALE 20,858.50 16,900.00 864.41 17,764.41 3,967.40 13,797.01
073530-8 GARCIA 44,394.91 41,500.00 1,407.31 42,907.31 1,645.00 41,262.31
074328-6 HOUSTON 30,508.52 23,500.00 336.00 23,836.00 2,590.00 21,246.00
074883-0 L HOLLAND 27,569.65 33,700.00 1,118.23 34,818.23 2,691.00 32,127.23
075646-0 BADER 46,722.15 47,900.00 790.02 48,690.02 3,715.12 44,974.90
075901-9 G JOHNSON 20,835.10 21,195.00 702.10 21,897.10 2,512.35 19,384.75
077102-2 HAWKINS 24,673.72 24,000.00 253.73 24,253.73 1,590.00 22,663.73
077206-1 WILBANKS 51,606.33 54,900.00 0.00 54,900.00 734.96 54,165.04
077453-9 AUSTIN 32,235.96 5,500.00 385.53 5,885.53 315.25 5,570.28
072472-4 COMPTON (30,711.53) (29,604.67) (1,099.52) (30,704.19) (888.14) (29,816.05)
072472-4 COMPTON*** 30,484.39 29,500.00 1,099.52 30,599.52 3,010.59 27,588.93
=====================================================================================================
1,163,825.86 1,059,210.33 41,477.63 1,100,687.96 131,010.25 969,677.71
=====================================================================================================
<CAPTION>
Net Current
Account Unrecov. Pass Thru Period Net Cumulative
Number Advances Proceeds Gain/(Loss) Gain/(Loss)
- ---------- ---------------------------------------------------------------------
<S> <C> <C> <C>
074907-7 1,886.10 (1,146.73) (5,724.39)
075523-1 1,958.64 273.06 (7,643.55)
075835-9 1,373.32 7,036.71 (452.07)
072438-5 2,183.76 4,175.25 (8,020.83)
073452-5 1,453.15 9,479.37 (3,506.45)
073885-6 3,411.10 10,812.06 (7,490.67)
074340-1 1,425.44 1,370.81 (6,782.05)
074625-5 3,649.41 16,477.30 (9,304.44)
075298-0 1,791.36 2,911.11 (10,604.42)
075531-4 5,473.52 13,414.11 (7,009.51)
071402-2 2,595.74 17,199.41 (11,475.64)
071888-2 3,778.58 14,065.72 (8,140.92)
071907-0 1,581.84 18,236.64 (1,905.17)
072051-6 1,954.98 19,129.16 (6,368.57)
072656-2 2,886.90 16,466.41 (5,643.19)
073515-9 3,071.79 23,437.33 (2,840.44)
073561-3 3,542.00 15,153.70 (4,702.18)
073927-6 2,602.25 26,739.80 (3,370.47)
074304-7 5,445.44 20,823.83 (8,620.82)
074375-7 1,828.14 17,263.79 (6,646.80)
075072-9 1,671.40 20,693.76 (6,264.77)
075205-5 2,373.20 13,242.01 (6,132.31)
075231-1 2,657.60 17,326.69 (9,798.37)
075337-6 2,648.28 11,119.35 (8,600.16)
076544-6 1,679.88 20,927.35 (1,411.36)
076568-5 3,636.05 20,880.28 (3,665.18)
076818-4 2,884.70 16,684.25 (6,362.13)
077085-9 2,051.35 15,434.91 (5,206.63)
077232-7 4,354.87 16,170.96 (11,606.67)
078024-7 2,552.13 16,820.19 (6,166.11)
078201-1 3,661.20 19,345.50 (5,387.72)
078342-3 3,886.48 15,943.72 (9,176.80)
072214-0 4,366.88 41,038.06 (7,339.27)
072297-5 3,625.93 30,106.03 (13,168.77)
072798-2 3,275.16 36,562.83 (6,867.13)
072838-6 2,262.90 20,490.58 (11,053.70)
073162-0 4,542.48 24,584.32 (9,498.87)
073447-5 1,482.36 12,314.65 (8,543.85)
073530-8 2,465.35 38,796.96 (5,597.95)
074328-6 2,095.20 19,150.80 (11,357.72)
074883-0 1,669.92 30,457.31 2,887.66
075646-0 5,800.19 39,174.71 (7,547.44)
075901-9 2,112.21 17,272.54 (3,562.56)
077102-2 1,345.70 21,318.03 (3,355.69)
077206-1 4,674.00 49,491.04 (2,115.29)
077453-9 2,173.98 3,396.30 (28,839.66)
072472-4 (2,330.76) (27,485.29) 3,226.24
072472-4 3,496.14 24,092.79 (6,391.60)
======================================================
131,008.24 838,669.47 (325,156.39) (2,149,220.06)
========================================================================
**** LOAN SOLD NOV 96 BACKED OUT DEC 96 RESOLD FEB 97
2%
===============
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1995-B
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: APRIL 6, 1997
REMITTANCE REPORT POOL REPORT # 18
REPORTING MONTH: MARCH 31, 1997
Page 5 of 6
<TABLE>
<CAPTION>
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Original Beginning Current Accelerated
Cert. Certificate Certificate Principal Principal
Class Balances Balances Payable Distribution
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 52,393,000.00 26,950,068.88 (2,248,532.87) 0.00
A-1 Outstanding Writedown 0.00 0.00 0.00 0.00
A-2 62,169,000.00 62,169,000.00 0.00 0.00
A-2 Outstanding Writedown 0.00 0.00 0.00 0.00
A-3 29,540,000.00 29,540,000.00 0.00 0.00
A-3 Outstanding Writedown 0.00 0.00 0.00 0.00
A-4 15,907,000.00 15,907,000.00 0.00 0.00
A-4 Outstanding Writedown 0.00 0.00 0.00 0.00
B-1 19,650,000.00 19,650,000.00 0.00 0.00
B-1 Outstanding Writedown 0.00 0.00 0.00 0.00
B-2 7,485,958.00 7,485,958.00 0.00 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------
187,144,958.00 161,702,026.88 (2,248,532.87) 0.00
================================================================================================
<CAPTION>
Ending Principal Paid
Cert. Writedown Certificate Pool Per $1,000
Class Amounts Balances Factor Denomination
- ---------------------------- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.00 24,701,536.01 47.14663% 83.43
A-1 Outstanding Writedown 0.00 0.00 0.00 0.00
A-2 0.00 62,169,000.00 100.00000% 0.00
A-2 Outstanding Writedown 0.00 0.00 0.00 0.00
A-3 0.00 29,540,000.00 100.00000% 0.00
A-3 Outstanding Writedown 0.00 0.00 0.00 0.00
A-4 0.00 15,907,000.00 100.00000% 0.00
A-4 Outstanding Writedown 0.00 0.00 0.00 0.00
B-1 0.00 19,650,000.00 100.00000% 0.00
B-1 Outstanding Writedown 0.00 0.00 0.00 0.00
B-2 0.00 7,485,958.00 100.00000% 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00 0.00
-----------------------------
0.00 159,453,494.01
=============================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1995-B
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: APRIL 6, 1997
REMITTANCE REPORT POOL REPORT # 18
REPORTING MONTH: MARCH 31, 1997
Page 6 of 6
<TABLE>
<CAPTION>
CERTIFICATE INTEREST ANALYSIS
Certificate Remittance Beginning Current Total Interest
Class Rate Balance Accrual Paid Shortfall
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 6.25% 0.00 140,364.94 140,364.94 0.00
A-1 Carryover Interest 0.00 0.00 0.00 0.00 0.00
A-1 Writedown Interest 0.00 0.00 0.00 0.00 0.00
A-2 6.45% 0.00 334,158.38 334,158.38 0.00
A-2 Carryover Interest 0.00 0.00 0.00 0.00 0.00
A-2 Writedown Interest 0.00 0.00 0.00 0.00 0.00
A-3 6.90% 0.00 169,855.00 169,855.00 0.00
A-3 Carryover Interest 0.00 0.00 0.00 0.00 0.00
A-3 Writedown Interest 0.00 0.00 0.00 0.00 0.00
A-4 7.50% 0.00 99,418.75 99,418.75 0.00
A-4 Carryover Interest 0.00 0.00 0.00 0.00 0.00
A-4 Writedown Interest 0.00 0.00 0.00 0.00 0.00
B-1 7.55% 0.00 123,631.25 123,631.25 0.00
B-1 Carryover Interest 0.00 0.00 0.00 0.00 0.00
B-1 Writedown Interest 0.00 0.00 0.00 0.00 0.00
B-2 8.65% 0.00 53,961.28 53,961.28 0.00
B-2 Carryover Interest 0.00 0.00 0.00 0.00 0.00
B-2 Writedown Interest 0.00 0.00 0.00 0.00 0.00
X 1,824,063.67 468,531.73 143,375.34 325,156.39
R 0.00 0.00 0.00 0.00
Service Fee 0.00 134,751.69 134,751.69 0.00
-------------------------------------------------------------------------------------------
1,824,063.67 1,524,673.02 1,199,516.63 325,156.39
Less Reserve Fund Deposit 0.00
---------------------
1,199,516.63
=====================
<CAPTION>
Interest Paid
Certificate Ending Per $1,000 Cert. TOTAL
Class Balance Denomination Class DISTRIBUTION
------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.00 5.21 A-1 2,388,897.81
A-1 Carryover Interest 0.00 0.00
A-1 Writedown Interest 0.00 0.00
A-2 0.00 5.38 A-2 334,158.38
A-2 Carryover Interest 0.00 0.00
A-2 Writedown Interest 0.00 0.00
A-3 0.00 5.75 A-3 169,855.00
A-3 Carryover Interest 0.00 0.00
A-3 Writedown Interest 0.00 0.00
A-4 0.00 6.25 A-4 99,418.75
A-4 Carryover Interest 0.00 0.00
A-4 Writedown Interest 0.00 0.00
B-1 0.00 6.29 B-1 123,631.25
B-1 Carryover Interest 0.00 0.00
B-1 Writedown Interest 0.00 0.00
B-2 0.00 7.21 B-2 53,961.28
B-2 Carryover Interest 0.00 0.00
B-2 Writedown Interest 0.00 0.00
X 2,149,220.06 X 143,375.34
R 0.00 R
Service Fee 0.00 134,751.69
---------- -------------
2,149,220.06 3,448,049.50
Less Reserve Fund Deposit 0.00
-------------
3,448,049.50
=============
</TABLE>
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