OAKWOOD MORTGAGE INVESTORS, INC. 1999-C
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: May-00
<TABLE>
<CAPTION>
Scheduled Principal Balance of Contracts
-------------------------------------------------------------------------------------------------------
Beginning Ending Scheduled
Principal Scheduled Prepaid Liquidated Loans Principal Gross Servicing
Balance Principal Principal Principal Repurchased Balance Interest Fee
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
291,660,627.91 (335,781.71) (1,078,653.82) (995,577.87) 0.00 289,250,614.51 2,535,864.28 243,050.52
====================================================================================================================================
<CAPTION>
Scheduled Amount
Pass Thru Pass-Through Available for Limited Total
Interest Proceeds Distribution Guarantee Distribution
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
2,292,813.76 631,690.46 4,581,990.27 0.00 4,581,990.27
===========================================================================================================
<CAPTION>
Certificate Account
------------------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1,577,138.93 2,405,376.13 2,448,490.13 (5,433,721.83) 4,719.26 1,002,002.62
====================================================================================================================================
<CAPTION>
P&I Advances at Distribution Date
-------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
-------------------------------------------------------------------------------
<S> <C> <C> <C>
2,631,556.98 -2,232,430.24 2,302,022.57 2,701,149.31
===============================================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-C
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH:
<TABLE>
<CAPTION>
Class B Crossover Test Test Met?
----------------------------------------------------------------------------------------------
<S> <C> <C>
(a) Remittance date on or after December 2003 N
(b) Average 60 day Delinquency rate <= 5.5% Y
(d) Cumulative losses do not exceed the following
percent of the intitial principal balance of all Certificates
N
Jan. 2004 - June 2005 7% N
July 2005 - June 2006 8% N
July 2006 - Dec. 2007 9.5% N
Dec 2007 and After 10.5%
Y
(e) Current realized loss ratio <= 3.00%
(f) Does Subordinated Certificate percentage equal or
exceed 40.251%
of Pool Scheduled Principal Balance
Beginning M balance 36,812,000.00
Beginning B-1 balance 16,004,000.00
Beginning B-2 balance 20,807,916.00
------------------------
73,623,916.00
------------------------
Divided by beginning pool
balance 291,660,627.91
25.243% N
<CAPTION>
Average 60 day delinquency ratio:
<S> <C> <C> <C>
Over 60s Pool Balance %
--------------------------------------------------------
Current Mo 14,007,262.45 289,250,614.51 4.84%
1st Preceding Mo 12,775,064.42 291,660,627.91 4.38%
2nd Preceding Mo 12,392,371.51 294,552,805.39 4.21%
Divided by 3
-------------
4.48%
=============
Cumulative loss ratio:
Cumulative losses 1,683,037.73
-------------------
Divided by Initial Certificate Principal 320,093,916.00 0.526%
=============
Current realized loss ratio:
Liquidation Pool
Losses Balance
----------------------------------------
Current Mo 363,887.41 291,660,627.91
1st Preceding Mo 310,325.25 294,552,805.39
2nd Preceding Mo 381,903.17 296,735,025.16
----------------------------------------
1,056,115.83 294,316,152.82 1.435%
=============
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-C
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: May-00
<TABLE>
<CAPTION>
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 6,631 282,215,969.15 164 5,581,056.59 62 2,055,142.27 107 5,030,699.51
Repos 193 7,034,645.36 3 113,224.69 18 614,985.47 172 6,306,435.20
------------------------------------------------------------------------------------------------------------------
Total 6,824 289,250,614.51 167 5,694,281.28 80 2,670,127.74 279 11,337,134.71
==================================================================================================================
<CAPTION>
Repossesion Analysis
Active Repos Reversal Current Month
Total Delinq. Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal Principal
# Balance # Balance # Balance # Balance # Balance
---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Excluding Repos 333 12,666,898.37 193 7,034,645.36 -1 (33,645.78) 48 1,712,398.50 412 13,942,791.84
Repos 193 7,034,645.36
------------------------
Total 526 19,701,543.73
========================
7.7% 6.81%
==========================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-C
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: May-00
REPOSSESSION LIQUIDATION REPORT
<TABLE>
<CAPTION>
Liquidated Net
Account Customer Principal Sales Insur. Total Repossession Liquidation
FHA? Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1832567 HERNAN ABREU 68,806.12 67,900.00 876.77 68,776.77 10,707.00 58,069.77
1832666 SHAUN ISMAN 38,845.55 26,000.00 743.35 26,743.35 2,450.00 24,293.35
1836659 PATRICIA BLYTHER 16,515.21 15,400.00 1,845.05 17,245.05 6,097.00 11,148.05
1838226 RODNEY P GILLETT 42,487.83 44,150.00 0.00 44,150.00 9,994.50 34,155.50
1839760 DAWN E GIBELYOU 22,131.20 23,000.00 556.92 23,556.92 6,325.00 17,231.92
1851419 SCHNONEE K SHOPINSKI 12,611.94 1,000.00 574.63 1,574.63 1,100.00 474.63
1871433 CHRIS K BULLOCK 31,864.91 30,700.00 813.06 31,513.06 6,556.00 24,957.06
1872761 TEKEISHA L CRENSHAW 30,534.60 27,400.00 754.45 28,154.45 6,457.00 21,697.45
1887116 KRISTINA A ENOCH 41,060.48 37,900.00 0.00 37,900.00 9,807.00 28,093.00
1888791 RICKY WAYNE DEAN 33,331.63 33,900.00 2,456.72 36,356.72 6,652.00 29,704.72
1906973 BILL L CHESLIC 29,938.69 30,400.00 189.73 30,589.73 6,547.00 24,042.73
1913367 MICHAEL C GILMAN 41,000.92 35,500.00 383.04 35,883.04 6,700.00 29,183.04
1915768 ROGER A KRICK JR 36,883.50 31,900.00 1,394.57 33,294.57 6,592.00 26,702.57
1920461 CHRISTINE HALL 27,767.30 28,500.00 649.70 29,149.70 6,490.00 22,659.70
1923515 FRANK R JAMES 44,338.11 37,900.00 1,333.50 39,233.50 6,772.00 32,461.50
1928100 NICHOLAS P PARSONS 29,771.89 27,500.00 521.68 28,021.68 6,460.00 21,561.68
1928415 PEGGY ELLIOTT 18,231.83 22,150.00 47.63 22,197.63 9,334.50 12,863.13
1929124 WILLARD M LUNSFORD 20,811.41 10,200.00 1,467.36 11,667.36 1,100.00 10,567.36
1933530 FRANK D GILLAND JR 34,228.53 34,900.00 65.44 34,965.44 9,717.00 25,248.44
1936251 JESUS FEBRES III 27,593.61 24,000.00 91.75 24,091.75 6,355.00 17,736.75
1939107 HULA T MEADOWS 26,997.78 28,000.00 0.00 28,000.00 6,475.00 21,525.00
1940766 JESSIE HARTWELL 29,948.38 31,900.00 437.34 32,337.34 6,592.00 25,745.34
1944115 RICHARD A HOFFER 35,331.40 33,400.00 1,009.13 34,409.13 6,637.00 27,772.13
1946045 MARCUS BROWN 22,100.33 24,900.00 427.38 25,327.38 6,382.00 18,945.38
1946276 MARTIN F LUJAN 49,994.02 48,500.00 28.89 48,528.89 10,125.00 38,403.89
1947597 DEBORAH L TAYLOR 27,404.06 30,900.00 815.41 31,715.41 6,562.00 25,153.41
1949775 HARRY H LONG 38,928.70 37,650.00 710.99 38,360.99 9,799.50 28,561.49
1951938 TOMMY R DYER 26,531.78 26,500.00 739.12 27,239.12 6,430.00 20,809.12
1952670 KRISTI J ROLLINS 26,992.53 24,900.00 2,573.85 27,473.85 6,382.00 21,091.85
1957000 FRANK HOLLEY 29,126.12 29,000.00 91.96 29,091.96 6,505.00 22,586.96
1961366 JOSHUA W MCCANTS 7,138.51 1,200.00 1,012.68 2,212.68 1,100.00 1,112.68
1968189 CYNTHIA J KIDD 26,329.00 24,000.00 410.27 24,410.27 6,355.00 18,055.27
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
<CAPTION>
Net Current
Unrecov. FHA Insurance Pass Thru Period Net Cumulative
Advances Coverage Proceeds Gain/(Loss) Gain/(Loss)
----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
6,994.76 0.00 51,075.01 (17,731.11)
4,539.93 0.00 19,753.42 (19,092.13)
2,457.41 0.00 8,690.64 (7,824.57)
5,097.78 0.00 29,057.72 (13,430.11)
3,449.08 0.00 13,782.84 (8,348.36)
3,258.22 0.00 (2,783.59) (15,395.53)
2,575.37 0.00 22,381.69 (9,483.22)
4,503.74 0.00 17,193.71 (13,340.89)
3,699.50 0.00 24,393.50 (16,666.98)
4,430.97 0.00 25,273.75 (8,057.88)
4,818.25 0.00 19,224.48 (10,714.21)
3,092.29 0.00 26,090.75 (14,910.17)
4,822.34 0.00 21,880.23 (15,003.27)
3,664.41 0.00 18,995.29 (8,772.01)
6,324.23 0.00 26,137.27 (18,200.84)
3,319.78 0.00 18,241.90 (11,529.99)
2,225.50 0.00 10,637.63 (7,594.20)
1,847.89 0.00 8,719.47 (12,091.94)
3,337.92 0.00 21,910.52 (12,318.01)
3,282.29 0.00 14,454.46 (13,139.15)
2,389.38 0.00 19,135.62 (7,862.16)
2,415.87 0.00 23,329.47 (6,618.91)
3,681.32 0.00 24,090.81 (11,240.59)
2,047.44 0.00 16,897.94 (5,202.39)
3,397.04 0.00 35,006.85 (14,987.17)
1,887.64 0.00 23,265.77 (4,138.29)
4,514.95 0.00 24,046.54 (14,882.16)
2,877.56 0.00 17,931.56 (8,600.22)
2,810.31 0.00 18,281.54 (8,710.99)
2,437.86 0.00 20,149.10 (8,977.02)
1,773.69 0.00 (661.01) (7,799.52)
2,949.69 0.00 15,105.58 (11,223.42)
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
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-C
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: May-00
REPOSSESSION LIQUIDATION REPORT
<TABLE>
<CAPTION>
Liquidated Net
Account Customer Principal Sales Insur. Total Repossession Liquidation
FHA? Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
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
-----------------------------------------------------------------------------------
995,577.87 931,150.00 23,022.37 954,172.37 211,557.50 742,614.87
===================================================================================
<CAPTION>
Net Current
Unrecov. FHA Insurance Pass Thru Period Net Cumulative
Advances Coverage Proceeds Gain/(Loss) Gain/(Loss)
----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
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
--------------------------------------------------------------------------------------------
110,924.41 0.00 631,690.46 (363,887.41) (1,683,037.73)
============================================================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-C
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: May-00
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
<TABLE>
<CAPTION>
Original Beginning Beginning Principal Current Current
Cert. Certificate Certificate Shortfall Carry- Principal Principal
Class Balances Balances Over Due Paid
------------------------------------------------------------------------------------------------------------------------------------
Senior Certificates
<S> <C> <C> <C> <C> <C>
A-1 72,200,000.00 43,766,711.91 0.00 2,410,013.40 2,410,013.40
A-2 174,270,000.00 174,270,000.00 0.00 0.00 0.00
--------------------------------------------------------------------------------------------------
Total Certificate Principal Bal. 246,470,000.00 218,036,711.91 0.00 2,410,013.40 2,410,013.40
==================================================================================================
Ending Principal Ending Principal Paid
Cert. Shortfall Carry- Certificate Pool Per $1,000
Class Over Balances Factor Denomination
----------------------------------------------------------------------------------------------------------------------
Senior Certificates
<S> <C> <C> <C> <C>
A-1 0.00 41,356,698.51 57.28075% 33.379687
A-2 0.00 174,270,000.00 100.00000% 0.000000
-----------------------------------------
Total Certificate Principal Bal. 0.00 215,626,698.51
=================================================================================
<CAPTION>
Original Beginning Beginning Principal Current
Subordinate Certificates Certificate Certificate Shortfall Carry- Principal
Balances Balances Over Due
-------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
M-1 20,808,000.00 20,808,000.00 0.00 0.00
M-1 Outstanding Writedown 0.00 0.00
M-2 16,004,000.00 16,004,000.00 0.00 0.00
M-1 Outstanding Writedown 0.00 0.00
B-1 16,004,000.00 16,004,000.00 0.00 0.00
B-1 Outstanding Writedown 0.00 0.00
B-2 20,807,916.00 20,807,916.00 0.00 0.00
B-2 Outstanding Writedown 0.00 0.00
-------------------------------------------------------------------------------------
Total Excluding Writedown Bal. 73,623,916.00 73,623,916.00 0.00 0.00
=====================================================================================
All Certificates Excluding Writedown Bal. 320,093,916.00 291,660,627.91 0.00 2,410,013.40
=====================================================================================
<CAPTION>
Current Ending Principal Current Ending Principal Paid
Subordinate Certificates Principal Shortfall Carry- Writedown/ Certificate Pool Per $1,000
Paid Over (Writeup) Balances Factor Denomination
-----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
M-1 0.00 0.00 0.00 20,808,000.00 100.00000% 0.000000
M-1 Outstanding Writedown 0.00
M-2 0.00 0.00 0.00 16,004,000.00 100.00000% 0.000000
M-1 Outstanding Writedown 0.00
B-1 0.00 0.00 0.00 16,004,000.00 100.00000% 0.000000
B-1 Outstanding Writedown 0.00
B-2 0.00 0.00 0.00 20,807,916.00 100.00000% 0.000000
B-2 Outstanding Writedown 0.00
---------------------------------------------------------------
Total Excluding Writedown Bal. 0.00 0.00 0.00 73,623,916.00
===============================================================
All Certificates Excluding Writedown Bal. 2,410,013.40 0.00 0.00 289,250,614.51
===============================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-C
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: May-00
CERTIFICATE INTEREST ANALYSIS
<TABLE>
<CAPTION>
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 6.70250% 0.00 252,603.83 0.00 252,603.83 0.00
A-2 7.47500% 0.00 1,085,556.88 0.00 1,085,556.88 0.00
--------------------------------------------------------------------------------------
======================================================================================
Total 0.00 1,338,160.71 0.00 1,338,160.71 0.00
======================================================================================
<CAPTION>
Interest Paid
Senior Per $1,000 Total Class
Certificates Denomination Distribution
------------------------------------------
<S> <C> <C>
A-1 3.49867 2,662,617.23
A-2 6.22917 1,085,556.88
-----------------------
=======================
Total 3,748,174.11
=======================
<CAPTION>
Beginning Carry- Current Carry- Priority Ending Carry-
Subordinate Pass-Through Over Priority Current Priority Over Priority Interest Over Priority
Certificates Rate Interest Balance Interest Accrual Interest Accrual Paid Interest Balance
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
M-1 8.07000% 0.00 139,933.80 0.00 139,933.80 0.00
M-2 8.75000% 0.00 116,695.83 0.00 116,695.83 0.00
B-1 6.90000% 0.00 92,023.00 0.00 92,023.00 0.00
B-2 6.90000% 0.00 119,645.52 0.00 119,645.52 0.00
Limited Guarantee 0.00
Service Fee 0.00 243,050.52 0.00 243,050.52 0.00
X 1,319,150.32 486,354.90 0.00 122,467.49 1,683,037.73
R 0.00 0.00 0.00 0.00 0.00
-------------------------------------------------------------------------------------------------
Total 1,319,150.32 1,197,703.57 0.00 833,816.16 1,683,037.73
=================================================================================================
All Certificates 1,319,150.32 2,535,864.28 0.00 2,171,976.87 1,683,037.73
=================================================================================================
<CAPTION>
Beginning Carry Current Writedown Current Carry- Ending Carry-
Subordinate Over Writedown Interest Over Writedown Writedown Over Writedown
Certificates Interest Balance Accrued Interest Accrued Interest Paid Interest Balance
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
M-1 0.00 0.00 0.00 0.00 0.00
M-2 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 0.00 0.00 0.00
B-2 0.00 0.00 0.00 0.00 0.00
Limited Guarantee
Service Fee
X
R
------------------------------------------------------------------------------------------------
Total 0.00 0.00 0.00 0.00 0.00
================================================================================================
All Certificates 0.00 0.00 0.00 0.00 0.00
================================================================================================
<CAPTION>
Interest Paid
Subordinate Per $1,000 Total Class
Certificates Denomination Distribution
--------------------------------
<S> <C> <C>
M-1 6.72500 139,933.80
M-2 7.29167 116,695.83
B-1 5.75000 92,023.00
B-2 5.75000 119,645.52
Limited Guarantee 0.00
Service Fee 243,050.52
X 122,467.49
R 0.00
-------------------
Total 833,816.16
===================
All Certificates 4,581,990.27
===================
</TABLE>