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Previous: ISMIE HOLDINGS INC, S-4/A, 1999-10-22 |
Next: GALIC OF NEW YORK SEPARATE ACCOUNT I, N-4, 1999-10-22 |
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) October 15, 1999.
OMI Trust 1999-B
(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 1999-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 1999-B (the "Trust"), the issuer of the Oakwood Mortgage
Investors, Inc. Manufactured Housing Contract Senior/Subordinated Pass-Through
Certificates, Series 1999-B (the "Certificates"), makes monthly distributions to
holders of the Certificates. The latest distribution was made on October 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 October 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 1999-B, Registrant
By: Oakwood Acceptance Corporation,
as servicer
October 23, 1999 --------------------------
Douglas R. Muir
Vice President
<PAGE>
INDEX OF EXHIBITS
<TABLE>
Page of Sequentially
Numbered Pages
--------------------
<S> <C>
20.1 Monthly Remittance Report relating to Distribution
Date occurring on October 15, 1999...............................................................
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-B REPORT DATE: October 7, 1999
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: Sep-99
Scheduled Principal Balance of Contracts
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Ending
Principal Scheduled Prepaid Liquidated Loans Principal
Balance Principal Principal Principal Repurchased Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
241,768,602.68 (323,904.87) (1,013,078.57) (1,363,872.14) 0.00 239,067,747.10
====================================================================================================================================
Scheduled Scheduled Amount
Gross Servicing Pass Thru Pass-Through Available for Limited Total
Interest Fee Interest Proceeds Distribution Guarantee Distribution
- ------------------------------------------------------------------------------------------------------------------------------------
2,073,738.38 201,473.84 1,872,264.54 1,312,965.88 4,723,687.70 0.00 4,723,687.70
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
Certificate Account
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
2,324,200.27 2,672,527.86 1,899,584.54 (4,990,433.99) 5,190.33 1,911,069.01
====================================================================================================================================
</TABLE>
P&I Advances at Distribution Date
- --------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
- --------------------------------------------------------------------------------
1,536,394.03 -1,489,910.17 46,483.86
================================================================================
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-B REPORT DATE: October 7, 1999
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: Page 2 of 6
Class B Crossover Test Test Met?
- ---------------------------------------------------------------- ---------------
<S> <C> <C>
(a) Remittance date on or after December 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
Dec 2003- May 2005 7% N
June 2005-May 2006 8% N
June 2006- Nov 2007 9% N
Dec 2007 and After 10.5% N
(e) Current realized loss ratio <= 2.75% Y
(f) Does Subordinated Certificate percentage equal or
exceed 40.250%
of Pool Scheduled Principal Balance
Beginning M balance 28,118,000.00
Beginning B-1 balance 12,781,000.00
Beginning B-2 balance 17,894,150.00
-----------------------
58,793,150.00
-----------------------
Divided by beginning pool
balance 241,768,602.68
24.318% N
</TABLE>
Average 60 day delinquency ratio:
Over 60s Pool Balance %
--------------------------------------------------------
Current Mo 5,687,040.64 239,067,747.10 2.38%
1st Preceding Mo 4,483,807.91 241,768,602.68 1.85%
2nd Preceding Mo 3,772,548.45 244,657,609.42 1.54%
Divided by 3
-------------
1.93%
=============
Average 30 day delinquency ratio:
Over 30s Pool Balance %
--------------------------------------------------------
Current Mo 14,513,107.86 239,067,747.10 6.07%
1st Preceding Mo 11,645,716.84 241,768,602.68 4.82%
2nd Preceding Mo 9,832,612.78 244,657,609.42 4.02%
Divided by 3
-------------
4.97%
=============
Cumulative loss ratio:
Cumulative losses 65,508.92
------------------------
Divided by Initial Certificate Principal 255,621,150.00 0.026%
=============
Current realized loss ratio:
Liquidation Pool
Losses Balance
-------------------------------------------
Current Mo 50,906.26 241,768,602.68
1st Preceding Mo 14,602.66 244,657,609.42
2nd Preceding Mo 0.00 246,852,335.48
-------------------------------------------
65,508.92 244,426,182.53 0.107%
=============
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-B REPORT DATE: October 7, 1999
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT Page 3 of 6
REPORTING MONTH: Sep-99
Delinquency Analysis
31 to 59 days 60 to 89 days 90 days and Over
No. of Principal Principal Principal Principal
Loans Balance # Balance # Balance # Balance
----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Excluding Repos 5,488 238,754,541.37 240 8,799,775.05 73 2,669,598.54 67 2,730,528.54
Repos 11 313,205.73 1 26,292.17 0 0.00 10 286,913.56
----------------------------------------------------------------------------------------------------------------------
Total 5,499 239,067,747.10 241 8,826,067.22 73 2,669,598.54 77 3,017,442.10
======================================================================================================================
Repossession Analysis
Active Repos Reversal Current Month
Total Delinq. Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal Principal
# Balance # Balance # Balance # Balance # Balance
- ------------------------------------------------------------------------------------------------------------------------------------
380 14,199,902.13 11 313,205.73 -1 (25,100.68) 33 1,087,156.03 138 4,535,104.99
11 313,205.73
- ---------------------------------
391 14,513,107.86
=================================
7.1% 6.07%
=================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-B REPORT DATE: October 7, 1999
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: Sep-99 Page 4 of 6
REPOSSESSION LIQUIDATION REPORT
Liquidated
Account Customer Principal Sales Insur. Total
FHA? Number Name Balance Proceeds Refunds Proceeds
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1075605 JOSEPH P GABBA 63,356.99 45,650.00 0.00 45,650.00
1850957 MICHAEL B CANTRELL 19,238.48 6,535.00 266.09 6,801.09
1908870 MELISSA G CRIBB 7,417.01 5,535.00 76.73 5,611.73
1804152 HERRERA BENJAMIN 63,059.74 65,425.74 346.68 65,772.42
1816966 RENTZ TRUDY D 33,581.40 35,015.05 484.87 35,499.92
1818962 DRIVER DONNY 15,640.91 16,727.99 - 16,727.99
1825579 PRIOR AUTHUR L 51,943.52 54,408.58 77.00 54,485.58
1826718 WALKER ALICE D 33,459.41 34,684.09 265.80 34,949.89
1827013 JACKSON RONNIE E 38,810.49 41,000.35 815.10 41,815.45
1830694 WASHINGTON LARRY S 6,570.17 7,719.56 468.75 8,188.31
1831080 CASTILLO DIAN A 41,093.55 42,127.84 1,349.47 43,477.31
1832732 HOUTS RAYMOND L 27,533.63 25,141.54 4,009.36 29,150.90
1833334 REYNOLDS JERRY 33,056.64 29,154.76 5,538.39 34,693.15
1833615 LAMPARSKI REBECCA M 36,975.47 37,018.20 1,679.58 38,697.78
1836105 GODWIN RAY D 35,170.10 37,177.74 - 37,177.74
1837988 STARNES LUTHER C 32,604.20 32,994.88 1,380.73 34,375.61
1839323 ELDRIDGE CLARENCE 22,487.09 21,477.08 2,821.21 24,298.29
1842020 MOORHOUS MICHAEL A 50,996.02 49,596.46 3,504.71 53,101.17
1843309 PARSON WILLIAM L 29,959.18 29,759.43 1,367.65 31,127.08
1844257 JESSUP TERRY D 16,707.80 16,431.07 1,116.93 17,548.00
1844588 EATMON BARBRA J 47,429.15 46,853.66 2,200.80 49,054.46
1847227 ALLEN CHANTINA L 18,929.73 19,162.84 966.92 20,129.76
1861962 BIXLER TORIA L 19,266.25 20,667.03 - 20,667.03
1863257 REININGER REBECCA L 25,604.16 26,793.82 390.57 27,184.39
1865914 MCCLAINE NICHOLAS E 26,983.18 26,000.61 2,545.34 28,545.95
1867118 FREEMAN ERVIN L 49,346.52 50,692.50 1,810.42 52,502.92
1868025 FOY JOSEZELLE L 39,129.63 40,436.95 498.24 40,935.19
1868512 OXENDINE JAMIE L 15,640.93 16,177.69 531.92 16,709.61
1868587 HARROLD JOHN L 39,512.09 38,013.51 3,915.08 41,928.59
1869445 MILSTEAD NATALIE R 30,221.74 26,360.62 5,838.09 32,198.71
1869999 HAMILTON COREY 27,765.28 29,601.25 - 29,601.25
1871680 SMALL HARDY 39,739.81 39,398.30 2,874.70 42,273.00
1872886 EVERETT SAMUEL R 52,086.17 54,784.25 129.31 54,913.56
1874825 DILLON CONNIE 20,192.68 19,305.73 1,824.43 21,130.16
1874874 GARZA JESICA 15,247.69 14,641.97 1,471.22 16,113.19
1875848 FEITH WESLEY 66,972.57 70,615.78 47.25 70,663.03
1877653 SURCEY HENRY R 7,315.94 6,907.09 1,520.99 8,428.08
1891332 BISSETT GLEN F 28,795.72 28,937.77 1,165.30 30,103.07
Net Net Current
Repossession Liquidation Unrecov. FHA Insurance Pass Thru Period Net Cumulative
Expenses Proceeds Advances Coverage Proceeds Gain/(Loss) Gain/(Loss)
------------------------------------------------------------------------------------------------------------------------
11,549.00 34,101.00 4,240.65 0.00 29,860.35 (33,496.64)
650.00 6,151.09 938.56 0.00 5,212.53 (14,025.95)
650.00 4,961.73 928.39 0.00 4,033.34 (3,383.67)
0.00 65,772.42 2,712.68 0.00 63,059.74 0.00
0.00 35,499.92 1,918.52 0.00 33,581.40 0.00
0.00 16,727.99 1,087.08 0.00 15,640.91 0.00
0.00 54,485.58 2,542.06 0.00 51,943.52 0.00
0.00 34,949.89 1,490.48 0.00 33,459.41 0.00
0.00 41,815.45 3,004.96 0.00 38,810.49 0.00
0.00 8,188.31 1,618.14 0.00 6,570.17 0.00
0.00 43,477.31 2,383.76 0.00 41,093.55 0.00
0.00 29,150.90 1,617.27 0.00 27,533.63 0.00
0.00 34,693.15 1,636.51 0.00 33,056.64 0.00
0.00 38,697.78 1,722.31 0.00 36,975.47 0.00
0.00 37,177.74 2,007.64 0.00 35,170.10 0.00
0.00 34,375.61 1,771.41 0.00 32,604.20 0.00
0.00 24,298.29 1,811.20 0.00 22,487.09 0.00
0.00 53,101.17 2,105.15 0.00 50,996.02 0.00
0.00 31,127.08 1,167.90 0.00 29,959.18 0.00
0.00 17,548.00 840.20 0.00 16,707.80 0.00
0.00 49,054.46 1,625.31 0.00 47,429.15 0.00
0.00 20,129.76 1,200.03 0.00 18,929.73 0.00
0.00 20,667.03 1,400.78 0.00 19,266.25 0.00
0.00 27,184.39 1,580.23 0.00 25,604.16 0.00
0.00 28,545.95 1,562.77 0.00 26,983.18 0.00
0.00 52,502.92 3,156.40 0.00 49,346.52 0.00
0.00 40,935.19 1,805.56 0.00 39,129.63 0.00
0.00 16,709.61 1,068.68 0.00 15,640.93 0.00
0.00 41,928.59 2,416.50 0.00 39,512.09 0.00
0.00 32,198.71 1,976.97 0.00 30,221.74 0.00
0.00 29,601.25 1,835.97 0.00 27,765.28 0.00
0.00 42,273.00 2,533.19 0.00 39,739.81 0.00
0.00 54,913.56 2,827.39 0.00 52,086.17 0.00
0.00 21,130.16 937.48 0.00 20,192.68 0.00
0.00 16,113.19 865.50 0.00 15,247.69 0.00
0.00 70,663.03 3,690.46 0.00 66,972.57 0.00
0.00 8,428.08 1,112.14 0.00 7,315.94 0.00
0.00 30,103.07 1,307.35 0.00 28,795.72 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-B REPORT DATE: October 7, 1999
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: Sep-99 Page 4 of 6
REPOSSESSION LIQUIDATION REPORT
Liquidated
Account Customer Principal Sales Insur. Total
FHA? Number Name Balance Proceeds Refunds Proceeds
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1891860 BARBER CHARLIE A 34,441.02 33,451.35 2,149.15 35,600.50
1901404 FALCONE TAMMY L 34,969.69 36,282.44 - 36,282.44
1908540 JOHNSON TOMMY L 64,620.39 67,391.42 163.92 67,555.34
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
--------------------------------------------------------------------
1,363,872.14 1,346,056.94 55,612.70 1,401,669.64
====================================================================
Net Net Current
Repossession Liquidation Unrecov. FHA Insurance Pass Thru Period Net Cumulative
Expenses Proceeds Advances Coverage Proceeds Gain/(Loss) Gain/(Loss)
------------------------------------------------------------------------------------------------------------------------
0.00 35,600.50 1,159.48 0.00 34,441.02 0.00
0.00 36,282.44 1,312.75 0.00 34,969.69 0.00
0.00 67,555.34 2,934.95 0.00 64,620.39 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
- -------------------------------------------------------------------------------------------------------------------------
12,849.00 1,388,820.64 75,854.76 0.00 1,312,965.88 (50,906.26) (65,508.92)
=========================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-B REPORT DATE: October 7, 1999
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: Sep-99 Page 5 of 6
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Original Beginning Beginning Principal Current
Cert. Certificate Certificate Shortfall Carry- Principal
Class Balances Balances Over Due
- ------------------------------------------------------------------------------------------------------------------------------------
SENIOR CERTIFICATES
<S> <C> <C> <C> <C>
A-1 61,200,000.00 47,347,452.68 0.00 2,700,855.58
A-2 49,100,000.00 49,100,000.00 0.00 0.00
A-3 28,900,000.00 28,900,000.00 0.00 0.00
A-4 57,628,000.00 57,628,000.00 0.00 0.00
----------------------------------------------------------------------------------------------
Total Certificate Principal Bal. 196,828,000.00 182,975,452.68 0.00 2,700,855.58
==============================================================================================
Current Ending Principal Ending Principal Paid
Cert. Principal Shortfall Carry- Certificate Pool Per $1,000
Class Paid Over Balances Factor Denomination
- ------------------------------------------------------------------------------------------------------------------------------------
SENIOR CERTIFICATES
A-1 2,700,855.58 0.00 44,646,597.10 94.29567% 44.131627
A-2 0.00 0.00 49,100,000.00 100.00000% 0.000000
A-3 0.00 0.00 28,900,000.00 100.00000% 0.000000
A-4 0.00 0.00 57,628,000.00 100.00000% 0.000000
-------------------------------------------------------
Total Certificate Principal Bal. 2,700,855.58 0.00 180,274,597.10
=======================================================================================
</TABLE>
<TABLE>
<CAPTION>
Original Beginning Beginning Principal Current
SUBORDINATE CERTIFICATES Certificate Certificate Shortfall Carry- Principal
Balances Balances Over Due
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
M-1 15,337,000.00 15,337,000.00 0.00 0.00
M-1 Outstanding Writedown 0.00 0.00
M-2 12,781,000.00 12,781,000.00 0.00 0.00
M-1 Outstanding Writedown 0.00 0.00
B-1 12,781,000.00 12,781,000.00 0.00 0.00
B-1 Outstanding Writedown 0.00 0.00
B-2 17,894,150.00 17,894,150.00 0.00 0.00
B-2 Outstanding Writedown 0.00 0.00
------------------------------------------------------------------------------------------
Total Excluding Writedown Bal. 58,793,150.00 58,793,150.00 0.00 0.00
==========================================================================================
All Certificates Excluding Writedown Bal. 255,621,150.00 241,768,602.68 0.00 2,700,855.58
==========================================================================================
Current Ending Principal Current Ending
SUBORDINATE CERTIFICATES Principal Shortfall Carry- Writedown/ Certificate
Paid Over (Writeup) Balances
------------------------------------------------------------------------------
0.00 0.00 0.00 15,337,000.00
M-1 0.00
M-1 Outstanding Writedown
0.00 0.00 0.00 12,781,000.00
M-2 0.00
M-1 Outstanding Writedown
0.00 0.00 0.00 12,781,000.00
B-1 0.00
B-1 Outstanding Writedown
0.00 0.00 0.00 17,894,150.00
B-2 0.00
B-2 Outstanding Writedown
------------------------------------------------------------------------------
0.00 0.00 0.00 58,793,150.00
Total Excluding Writedown Bal. ==============================================================================
2,700,855.58 0.00 0.00 239,067,747.10
All Certificates Excluding Writedown Bal. ==============================================================================
Principal Paid
SUBORDINATE CERTIFICATES Pool Per $1,000
Factor Denomination
M-1 ---------------------------------
M-1 Outstanding Writedown 100.00000% 0.000000
M-2
M-1 Outstanding Writedown 100.00000% 0.000000
B-1
B-1 Outstanding Writedown 100.00000% 0.000000
B-2
B-2 Outstanding Writedown 100.00000% 0.000000
Total Excluding Writedown Bal.
All Certificates Excluding Writedown Bal.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-B REPORT DATE: October 7, 1999
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: Sep-99 Page 6 of 6
CERTIFICATE INTEREST ANALYSIS
Beginning Carry- Current Carry-
SENIOR Pass-Through Over Priority Current Priority Over Priority Ending Carry-
CERTIFICATES Rate Interest Balance Interest Accrual Interest Accrual Paid Over Balance
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 5.50000% 0.00 217,009.16 0.00 217,009.16 0.00
A-2 6.19000% 0.00 253,274.17 0.00 253,274.17 0.00
A-3 6.45000% 0.00 155,337.50 0.00 155,337.50 0.00
A-4 6.99000% 0.00 335,683.10 0.00 335,683.10 0.00
----------------------------------------------------------------------------------------------------------
==========================================================================================================
==========================================================================================================
Total 0.00 961,303.93 0.00 961,303.93 0.00
==========================================================================================================
Interest Paid
SENIOR Per $1,000 Total Class
CERTIFICATES Denomination Distribution
------------------------------------------
<S>
A-1 3.54590 2,917,864.74
A-2 5.15833 253,274.17
A-3 5.37500 155,337.50
A-4 5.82500 335,683.10
-----------------------
=======================
=======================
Total 3,662,159.51
=======================
</TABLE>
<TABLE>
<CAPTION>
Beginning Carry- Current Carry- Priority
SUBORDINATE Pass-Through Over Priority Current Priority Over Priority Interest
CERTIFICATES Rate Interest Balance Interest Accrual Interest Accrual Paid
-------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
M-1 7.18000% 0.00 91,766.38 0.00 91,766.38
M-2 7.52000% 0.00 80,094.27 0.00 80,094.27
B-1 8.04000% 0.00 85,632.70 0.00 85,632.70
B-2 9.05000% 0.00 134,951.71 0.00 134,951.71
Limited Guarantee 0.00
Service Fee 0.00 201,473.84 0.00 201,473.84
X 14,602.66 518,515.55 0.00 467,609.29
R 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------
Total 14,602.66 1,112,434.45 0.00 1,061,528.19
==========================================================================================
All Certificates 14,602.66 2,073,738.38 0.00 2,022,832.12
==========================================================================================
Ending Carry- Beginning Carry Current Writedown Current Carry- Ending Carry-
SUBORDINATE Over Priority Over Writedown Interest Over Writedown Writedown Over Writedown
CERTIFICATES Interest Balance Interest Balance Accrued Interest Accrued Interest Paid Interest Balance
-----------------------------------------------------------------------------------------------------------------
<S>
M-1 0.00 0.00 0.00 0.00 0.00 0.00
M-2 0.00 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 0.00 0.00 0.00 0.00
B-2 0.00 0.00 0.00 0.00 0.00 0.00
Limited Guarantee
Service Fee 0.00
X 65,508.92
R 0.00
----------------------------------------------------------------------------------------------------------
Total 65,508.92 0.00 0.00 0.00 0.00 0.00
==========================================================================================================
All Certificates 65,508.92 0.00 0.00 0.00 0.00 0.00
==========================================================================================================
Interest Paid
SUBORDINATE Per $1,000 Total Class
CERTIFICATES Denomination Distribution
--------------------------------------
<S>
M-1 5.98333 91,766.38
M-2 6.26667 80,094.27
B-1 6.70000 85,632.70
B-2 7.54167 134,951.71
Limited Guarantee 0.00
Service Fee 201,473.84
X 467,609.29
R 0.00
-----------------------
Total 1,061,528.19
=======================
All Certificates 4,723,687.70
=======================
</TABLE>
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