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) September 15, 1999.
-------------------
OMI Trust 1998-D
--------------------------------------------------
(Exact name of registrant as specified in charter)
Pennsylvania 333-72621-01 Application filed
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
c/o Chase Manhattan Trust Co.
Global Trust
Attention: Judy Wisniewskie
One Liberty Place, Suite 5520
1650 Market Street
Philadelphia, Pennsylvania 19103
--------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (215) 988-1322
-------------
-------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE>
OMI TRUST 1998-D
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 1998-D (the "Trust"), the issuer of the Oakwood Mortgage
Investors, Inc. Manufactured Housing Contract Senior/Subordinated Pass-Through
Certificates, Series 1998-D (the "Certificates"), makes monthly distributions to
holders of the Certificates. The latest distribution was made on September 15,
1999. 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 September 15, 1999.
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 1998-D, Registrant
By: Oakwood Acceptance Corporation,
as servicer
September 23, 1999
----------------------
Douglas R. Muir
Vice President
<PAGE>
INDEX OF EXHIBITS
Page of Sequentially
Numbered Pages
--------------
20.1 Monthly Remittance Report relating to Distribution
Date occurring on September 15, 1999.....................
OAKWOOD MORTGAGE INVESTORS, INC. 1998-D REPORT DATE: September 8, 1999
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 11
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: Aug-99
<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>
284,791,028.12 (343,234.14) (1,436,776.27) (1,405,301.75) 0.00 281,605,715.96
=========================================================================================
</TABLE>
<TABLE>
<CAPTION>
Scheduled Scheduled Amount
Gross Servicing Pass Thru Liquidation Available for Limited Total
Interest Fee Interest Proceeds Distribution Guarantee Distribution
- ------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
2,285,106.39 237,325.86 2,047,780.53 1,010,299.11 5,075,415.91 0.00 5,075,415.91
================================================================================================
</TABLE>
<TABLE>
<CAPTION>
Certificate Account
- --------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
2,716,063.48 3,176,335.80 2,234,385.38 (6,165,824.09) 6,211.52 1,967,172.09
======================================================================================
</TABLE>
P&I Advances at Distribution Date
- -------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
- -------------------------------------------------------------------------
1,936,503.12 -1,869,507.97 1,539,141.10 1,606,136.25
=========================================================================
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1998-D REPORT DATE: September 8, 1999
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 11
REMITTANCE REPORT
REPORTING MONTH: Aug-99 Page 2 of 6
Class B Crossover Test Test Met?
- -------------------------------------------------------------- ---------
(a) Remittance date on or after May 2003 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
May 2003- Oct 2004 7% N
Nov 2004-Oct 2005 8% N
Nov 2005 and thereafter 9% N
(e) Current realized loss ratio <= 2.75% Y
(f) Does Subordinated Certificate percentage equal or
exceed 41.126% of Pool Scheduled Principal Balance
Beginning Adj M balances 36,734,000.00
Beginning Adj B-1 balance 12,777,000.00
Beginning Adj B-2 balance 25,554,561.00
---------------
75,065,561.00
---------------
Divided by beginning pool
balance 284,791,028.12
26.358% N
Average 60 day delinquency ratio:
Over 60s Pool Balance %
-------------------------------------------------------
Current Mo 13,739,180.06 281,605,715.96 4.88%
1st Preceding Mo 13,085,369.61 284,791,028.12 4.59%
2nd Preceding Mo 11,914,720.74 288,646,514.11 4.13%
Divided by 3
----------
4.53%
==========
Average 30 day delinquency ratio:
Over 30s Pool Balance %
-------------------------------------------------------
Current Mo 19,963,407.25 281,605,715.96 7.09%
1st Preceding Mo 19,497,656.51 284,791,028.12 6.85%
2nd Preceding Mo 18,157,251.23 288,646,514.11 6.29%
Divided by 3
----------
6.74%
==========
Cumulative loss ratio:
Cumulative losses 1,896,079.64
------------------------
Divided by Initial Certificate Principal 319,423,713.00 0.594%
==========
Current realized loss ratio:
Liquidation Pool
Losses Balance
---------------------------------------------
Current Mo 395,002.64 284,791,028.12
1st Preceding Mo 386,226.70 288,646,514.11
2nd Preceding Mo 227,648.75 290,886,768.22
---------------------------------------------
1,008,878.09 288,108,103.48 1.401%
==========
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1998-D REPORT DATE: September 8, 1999
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 11
REMITTANCE REPORT Page 3 of 6
REPORTING MONTH: Aug-99
<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> <C>
Non-Repos 6,053 274,783,968.33 154 6,013,900.76 61 2,660,923.20 98 4,492,472.17 313 13,167,296.13
Repos 189 6,821,747.63 7 210,326.43 15 430,157.51 166 6,155,627.18 188 6,796,111.12
----------------------------------------------------------------------------------------------------------------
Total 6,242 281,605,715.96 161 6,224,227.19 76 3,091,080.71 264 10,648,099.35 501 19,963,407.25
================================================================================================================
8.0% 7.09%
=====================
</TABLE>
Repossession Analysis
Active Repos Reversal Current Month
Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal
# Balance # Balance # Balance # Balance
- ------------------------------------------------------------------------------
189 6,821,747.63 0 0.00 35 1,250,245.57 398 13,944,513.22
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1998-D REPORT DATE: September 8, 1999
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 11
REMITTANCE REPORT
REPORTING MONTH: Aug-99 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>
1715358 BILL G HELMS 36,289.48 33,400.00 2,154.73 35,554.73 5,962.00 29,592.73
1717685 MATTHEW M BRINCEFIELD 28,659.87 27,000.00 1,412.36 28,412.36 5,770.00 22,642.36
1718311 LARA JESUS J TENORIO 18,931.22 17,400.00 872.26 18,272.26 5,482.00 12,790.26
1722388 VINCENT DEVER 30,448.99 25,900.00 4,913.00 30,813.00 5,737.00 25,076.00
1726488 RICHARD PORTER JR 35,085.71 31,300.00 745.40 32,045.40 5,899.00 26,146.40
1727023 ALVIN B MOORE 32,485.12 31,400.00 1,931.53 33,331.53 5,902.00 27,429.53
1737204 RAINES D HUFF 27,976.25 32,450.00 154.42 32,604.42 5,933.50 26,670.92
1737923 MIKE MORGAN 13,875.60 16,500.00 252.28 16,752.28 5,455.00 11,297.28
1740794 JOHN SCHILDT 34,491.06 36,000.00 2,163.05 38,163.05 6,040.00 32,123.05
1741768 ERIC SOLERNITANO JR 32,939.93 29,500.00 138.92 29,638.92 5,845.00 23,793.92
1744846 LOUIS E SLAPNICKER 10,520.86 12,400.00 803.20 13,203.20 5,332.00 7,871.20
1746585 BRENDA K BLACKSHEAR 51,115.48 51,000.00 1,410.80 52,410.80 10,340.00 42,070.80
1746932 JACQUELINE KIMBROUGH 42,555.12 46,950.00 524.32 47,474.32 10,218.50 37,255.82
1684075 RICHARD F BOOTHMAN III 25,917.63 27,800.00 48.87 27,848.87 5,794.00 22,054.87
1685395 VICKIE L PACE 19,002.67 20,000.00 23.69 20,023.69 5,560.00 14,463.69
1686856 KENNETH W CORRELL 39,587.39 37,900.00 2,616.51 40,516.51 6,097.00 34,419.51
1692508 MICHEAL C MANESS 33,101.45 32,500.00 471.77 32,971.77 5,935.00 27,036.77
1696921 HENDERSON JESSIE 24,739.64 24,000.00 494.18 24,494.18 5,680.00 18,814.18
1699578 RONNIE FRITZ 23,292.80 26,900.00 1,790.17 28,690.17 5,767.00 22,923.17
1701630 CLAYFORD EATON 18,442.34 11,500.00 349.82 11,849.82 5,305.00 6,544.82
1701747 PAUL A DAVIS 34,920.02 32,000.00 67.50 32,067.50 5,920.00 26,147.50
1704295 CLINT GRIFFITH 36,921.20 34,000.00 2,144.10 36,144.10 5,980.00 30,164.10
1705326 JENNIFER P DELAWDER 20,776.06 21,000.00 1,156.47 22,156.47 5,590.00 16,566.47
1707850 ANGELA M GOFORTH 16,674.21 19,650.00 453.29 20,103.29 9,399.50 10,703.79
1711910 LINDA K JEFFRIES 25,239.34 26,450.00 357.40 26,807.40 5,753.50 21,053.90
1712025 MARK D CREMEENS 28,589.99 26,500.00 253.40 26,753.40 5,755.00 20,998.40
1713643 BARRETT L ROSS 39,794.15 35,400.00 1,513.82 36,913.82 6,022.00 30,891.82
0397620 ROBERT L TILSON JR 38,071.98 41,000.00 0.00 41,000.00 10,040.00 30,960.00
0641068 BELINDA W BYRD 19,960.30 20,400.00 0.00 20,400.00 5,572.00 14,828.00
1664382 MELANIE C BOWEN 10,513.54 1,500.00 0.00 1,500.00 650.00 850.00
1671387 GARY DAUGHERTY 22,361.81 22,400.00 174.76 22,574.76 5,632.00 16,942.76
1671981 SHELLEY A MCCLAMROCK 32,733.24 30,000.00 2,586.09 32,586.09 5,860.00 26,726.09
1676568 MAGDALENO BANUELOS 28,546.22 27,400.00 1,401.91 28,801.91 5,782.00 23,019.91
1676816 GARRY L PERKIN 60,544.74 59,450.00 496.48 59,946.48 10,593.50 49,352.98
1678077 JIMMY D RHYNES 58,990.21 51,550.00 3,287.31 54,837.31 10,356.50 44,480.81
1697465 RAYMOND D BEACH 57,810.66 58,150.00 727.70 58,877.70 10,554.50 48,323.20
1720499 DAN WELLS 38,240.91 35,250.00 2,718.50 37,968.50 6,017.50 31,951.00
1722222 RICHARD LUJAN 40,673.83 38,900.00 3,060.20 41,960.20 6,127.00 35,833.20
1730761 BILLY J WOLF 57,582.77 55,550.00 834.33 56,384.33 10,476.50 45,907.83
1743129 NATHAN SMITH 55,030.23 52,500.00 2,404.15 54,904.15 10,385.00 44,519.15
1747302 TREKENA L WILTZ 57,993.88 61,500.00 1,138.12 62,638.12 10,655.00 51,983.12
1747419 DAVID L MITCHELTREE 43,873.85 42,400.00 1,010.49 43,410.49 10,082.00 33,328.49
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
==================================================================================================
1,405,301.75 1,364,750.00 49,057.30 1,413,807.30 287,257.50 1,126,549.80
==================================================================================================
</TABLE>
<TABLE>
<CAPTION>
Net Current
Account Customer Unrecov. FHA Insurance Pass Thru Period Net Cumulative
Number Name Advances Coverage Proceeds Gain/(Loss) Gain/(Loss)
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1715358 BILL G HELMS 3,798.22 0.00 25,794.51 (10,494.97)
1717685 MATTHEW M BRINCEFIELD 2,174.94 0.00 20,467.42 (8,192.45)
1718311 LARA JESUS J TENORIO 1,727.57 0.00 11,062.69 (7,868.53)
1722388 VINCENT DEVER 2,542.66 0.00 22,533.34 (7,915.65)
1726488 RICHARD PORTER JR 1,898.68 0.00 24,247.72 (10,837.99)
1727023 ALVIN B MOORE 2,943.00 0.00 24,486.53 (7,998.59)
1737204 RAINES D HUFF 2,466.92 0.00 24,204.00 (3,772.25)
1737923 MIKE MORGAN 2,562.97 0.00 8,734.31 (5,141.29)
1740794 JOHN SCHILDT 3,042.29 0.00 29,080.76 (5,410.30)
1741768 ERIC SOLERNITANO JR 2,406.13 0.00 21,387.79 (11,552.14)
1744846 LOUIS E SLAPNICKER 1,565.48 0.00 6,305.72 (4,215.14)
1746585 BRENDA K BLACKSHEAR 3,498.98 0.00 38,571.82 (12,543.66)
1746932 JACQUELINE KIMBROUGH 5,022.32 0.00 32,233.50 (10,321.62)
1684075 RICHARD F BOOTHMAN III 1,701.29 0.00 20,353.58 (5,564.05)
1685395 VICKIE L PACE 1,472.78 0.00 12,990.91 (6,011.76)
1686856 KENNETH W CORRELL 3,068.11 0.00 31,351.40 (8,235.99)
1692508 MICHEAL C MANESS 2,667.88 0.00 24,368.89 (8,732.56)
1696921 HENDERSON JESSIE 2,934.42 0.00 15,879.76 (8,859.88)
1699578 RONNIE FRITZ 4,709.40 0.00 18,213.77 (5,079.03)
1701630 CLAYFORD EATON 1,385.62 0.00 5,159.20 (13,283.14)
1701747 PAUL A DAVIS 1,999.95 0.00 24,147.55 (10,772.47)
1704295 CLINT GRIFFITH 2,862.24 0.00 27,301.86 (9,619.34)
1705326 JENNIFER P DELAWDER 1,742.33 0.00 14,824.14 (5,951.92)
1707850 ANGELA M GOFORTH 1,695.72 0.00 9,008.07 (7,666.14)
1711910 LINDA K JEFFRIES 2,551.02 0.00 18,502.88 (6,736.46)
1712025 MARK D CREMEENS 3,346.28 0.00 17,652.12 (10,937.87)
1713643 BARRETT L ROSS 2,570.29 0.00 28,321.53 (11,472.62)
0397620 ROBERT L TILSON JR 4,544.60 0.00 26,415.40 (11,656.58)
0641068 BELINDA W BYRD 2,854.20 0.00 11,973.80 (7,986.50)
1664382 MELANIE C BOWEN 854.27 0.00 (4.27) (10,517.81)
1671387 GARY DAUGHERTY 2,707.67 0.00 14,235.09 (8,126.72)
1671981 SHELLEY A MCCLAMROCK 3,430.41 0.00 23,295.68 (9,437.56)
1676568 MAGDALENO BANUELOS 2,152.96 0.00 20,866.95 (7,679.27)
1676816 GARRY L PERKIN 6,487.63 0.00 42,865.35 (17,679.39)
1678077 JIMMY D RHYNES 3,783.89 0.00 40,696.92 (18,293.29)
1697465 RAYMOND D BEACH 3,060.63 0.00 45,262.57 (12,548.09)
1720499 DAN WELLS 1,494.93 0.00 30,456.07 (7,784.84)
1722222 RICHARD LUJAN 1,940.62 0.00 33,892.58 (6,781.25)
1730761 BILLY J WOLF 3,948.18 0.00 41,959.65 (15,623.12)
1743129 NATHAN SMITH 2,976.23 0.00 41,542.92 (13,487.31)
1747302 TREKENA L WILTZ 4,225.01 0.00 47,758.11 (10,235.77)
1747419 DAVID L MITCHELTREE 1,431.97 0.00 31,896.52 (11,977.33)
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
===========================================================
116,250.69 0.00 1,010,299.11 (395,002.64) (1,896,079.64)
================================================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1998-D REPORT DATE: September 8, 1999
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 11
REMITTANCE REPORT
REPORTING MONTH: Aug-99 Page 5 of 6
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
<TABLE>
<CAPTION>
Original Beginning Beginning Current Current Ending
Cert. Certificate Certificate Carryover Principal Principal Carryover
Class Balances Balances Principal Due Paid Principal
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 238,335,000.00 204,133,332.01 0.00 (2,996,546.35) (2,996,546.35) 0.00
A-1 ARM 6,023,152.00 5,592,135.11 0.00 (188,765.81) (188,765.81) 0.00
M-1 Adjusted Certificate Balance 22,360,000.00 22,360,000.00 0.00 0.00 0.00 0.00
M-1 Outstanding Writedown 0.00 0.00
M-2 Adjusted Certificate Balance 14,374,000.00 14,374,000.00 0.00 0.00 0.00 0.00
M-2 Outstanding Writedown 0.00 0.00
B-1 Adjusted Certificate Balance 12,777,000.00 12,777,000.00 0.00 0.00 0.00 0.00
B-1 Outstanding Writedown 0.00 0.00
B-2 Adjusted Certificate Balance 25,554,561.00 25,554,561.00 0.00 0.00 0.00 0.00
B-2 Outstanding Writedown 0.00 0.00
-------------------------------------------------------------------------------------------
Adjusted Certificate Balance 319,423,713.00 284,791,028.12 0.00 (3,185,312.16) (3,185,312.16) 0.00
Outstanding Writedown 0.00 0.00
===========================================================================================
319,423,713.00 284,791,028.12 0.00 (3,185,312.16) (3,185,312.16) 0.00
===========================================================================================
</TABLE>
<TABLE>
<CAPTION>
Ending Principal Paid
Cert. Writedown Certificate Pool Per $1,000
Class Amounts Balances Factor Denomination
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C>
A-1 201,136,785.66 84.39247% 12.57283
A-1 ARM 5,403,369.30 89.70999% 31.34004
M-1 Adjusted Certificate Balance 0.00 22,360,000.00 100.00000% 0.00000
M-1 Outstanding Writedown 0.00 0.00 0.00 0.00000
M-2 Adjusted Certificate Balance 0.00 14,374,000.00 100.00000% 0.00000
M-2 Outstanding Writedown 0.00 0.00 0.00 0.00000
B-1 Adjusted Certificate Balance 0.00 12,777,000.00 100.00000% 0.00000
B-1 Outstanding Writedown 0.00 0.00 0.00 0.00000
B-2 Adjusted Certificate Balance 0.00 25,554,561.00 100.00000% 0.00000
B-2 Outstanding Writedown 0.00 0.00 0.00 0.00000
------------------------------
Adjusted Certificate Balance 0.00 281,605,715.96
Outstanding Writedown 0.00 0.00
==============================
0.00 281,605,715.96
==============================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1998-D REPORT DATE: September 8, 1999
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 11
REMITTANCE REPORT
REPORTING MONTH: Aug-99 Page 6 of 6
CERTIFICATE INTEREST ANALYSIS
<TABLE>
<CAPTION>
Interest Paid
Certificate Remittance Beginning Current Total Interest Ending Per $1,000
Class Rate Balance Accrual Paid Shortfall Balance Denomination
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 6.40000% 0.00 1,088,711.10 1,088,711.10 0.00 0.00 5.33333
A-1 Carryover Interest 0.00 0.00 0.00 0.00 0.00
A-1 ARM 6.06875% 0.00 29,223.76 29,223.76 0.00 0.00 5.22587
A-1 ARM Carryover Interest 0.00 0.00 0.00 0.00 0.00
M-1 Current Interest 7.415% 0.00 138,166.17 138,166.17 0.00 0.00 6.17917
M-1 Carryover Interest 0.00 0.00 0.00 0.00 0.00
M-1 Writedown Interest 0.00 0.00 0.00 0.00 0.00
M-1 Carryover Writedown Int 0.00 0.00 0.00 0.00 0.00
M-2 Current Interest 8.322% 0.00 99,683.69 99,683.69 0.00 0.00 6.93500
M-2 Carryover Interest 0.00 0.00 0.00 0.00 0.00
M-2 Writedown Interest 0.00 0.00 0.00 0.00 0.00
M-2 Carryover Writedown Int 0.00 0.00 0.00 0.00 0.00
B-1 Current Interest 8.650% 0.00 92,100.88 92,100.88 0.00 0.00 7.20833
B-1 Carryover Interest 0.00 0 0 0.00 0.00
B-1 Writedown Interest 0.00 0.00 0.00 0.00 0.00
B-1 Carryover Writedown Int 0.00 0.00 0.00 0.00 0.00
B-2 Current Interest 7.950% 0.00 169,298.97 169,298.97 0.00 0.00 6.62500
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
B-2 Carryover Writedown Int 0.00 0.00 0.00 0.00 0.00
Limited Guarantee
Service Fee 0.00 237,325.86 237,325.86 0.00 0.00
X Certificate 1,501,077.00 430,595.96 35,593.32 395,002.64 1,896,079.64
R
------------------------------------------------------------------------
1,501,077.00 2,285,106.39 1,890,103.75 395,002.64 1,896,079.64
========================================================================
</TABLE>
Certificate Cert. TOTAL
Class Class DISTRIBUTION
-----------------------------------
A-1 A-1 4,085,257.45
A-1 Carryover Interest
A-1 ARM A-1 ARM 217,989.57
A-1 ARM Carryover Interest
M-1 Current Interest M-1 138,166.17
M-1 Carryover Interest
M-1 Writedown Interest
M-1 Carryover Writedown Int
M-2 Current Interest M-2 99,683.69
M-2 Carryover Interest
M-2 Writedown Interest
M-2 Carryover Writedown Int
B-1 Current Interest B-1 92,100.88
B-1 Carryover Interest
B-1 Writedown Interest
B-1 Carryover Writedown Int
B-2 Current Interest B-2 169,298.97
B-2 Carryover Interest
B-2 Writedown Interest
B-2 Carryover Writedown Int
Limited Guarantee Limited Guarantee
Service Fee Service Fee 237,325.86
X Certificate X 35,593.32
R R
-------------
5,075,415.91
=============
