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, 2000.
OMI Trust 1999-C
------------------------------------
(Exact name of registrant as specified in charter)
Pennsylvania 333-72621-01 233010919
-------------------------------------------------------------------------
(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-C
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-C (the "Trust"), the issuer of the Oakwood Mortgage
Investors, Inc. Manufactured Housing Contract Senior/Subordinated Pass-Through
Certificates, Series 1999-C (the "Certificates"), makes monthly distributions to
holders of the Certificates. The latest distribution was made on April 15, 2000.
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, 2000.
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-C, Registrant
By: Oakwood Acceptance Corporation,
as servicer
April 23, 2000
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 April 15, 2000.......................................
EX 20.1
OAKWOOD MORTGAGE INVESTORS, INC. 1999-C REPORT DATE: April 7, 2000
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: Mar-00
<TABLE>
<CAPTION>
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>
296,735,025.16 (342,569.51) (707,593.26) (1,132,057.00) 0.00 294,552,805.39
==================================================================================================================
Beginning Scheduled Scheduled Amount
Principal Gross Servicing Pass Thru Pass-Through Available for Limited Total
Balance Interest Fee Interest Proceeds Distribution Guarantee Distribution
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
296,735,025.16 2,534,057.65 247,279.19 2,286,778.46 750,153.83 4,334,374.25 0.00 4,334,374.25
=================================================================================================================================
Certificate Account
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1,676,732.33 2,183,465.79 2,553,297.82 (5,226,884.68) 5,256.44 1,191,867.70
====================================================================================================================================
P&I Advances at Distribution Date
- ----------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
- ----------------------------------------------------------------------------------
<S> <C> <C> <C>
2,473,083.16 -2,160,847.33 1,706,182.50 2,018,418.33
==================================================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-C REPORT DATE: April 7, 2000
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT
REPORTING MONTH: Page 2 of 6
<TABLE>
<CAPTION>
Class B Crossover Test Test Met?
- ------------------------------------------------------------- ----------
<S> <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
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% N
(e) Current realized loss ratio <= 3.00% Y
(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 296,735,025.16
24.811% N
Average 60 day delinquency ratio:
Over 60s Pool Balance %
--------------------------------------------------------
Current Mo 12,392,371.51 294,552,805.39 4.21%
1st Preceding Mo 12,420,756.12 296,735,025.16 4.19%
2nd Preceding Mo 12,171,743.08 299,410,328.13 4.07%
Divided by 3
-------------
4.15%
=============
Cumulative loss ratio:
Cumulative losses 1,008,825.07
------------------------
Divided by Initial Certificate Principal 320,093,916.00 0.315%
=============
Current realized loss ratio:
Liquidation Pool
Losses Balance
-------------------------------------------
Current Mo 381,903.17 296,735,025.16
1st Preceding Mo 265,988.19 299,410,328.13
2nd Preceding Mo 215,626.02 301,368,955.60
-------------------------------------------
863,517.38 299,171,436.30 1.155%
=============
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-C REPORT DATE: April 7, 2000
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT Page 3 of 6
REPORTING MONTH: Mar-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 6,776 288,989,846.36 109 3,841,479.27 47 1,896,060.70 112 4,933,351.78
Repos 163 5,562,959.03 0 0.00 9 439,691.05 154 5,123,267.98
-----------------------------------------------------------------------------------------------------------------
Total 6,939 294,552,805.39 109 3,841,479.27 56 2,335,751.75 266 10,056,619.76
=================================================================================================================
<CAPTION>
Repossession 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 268 10,670,891.75 163 5,562,959.03 0 0.00 49 1,755,530.22 320 10,463,589.61
Repos 163 5,562,959.03
-----------------------------
Total 431 16,233,850.78
=============================
6.2% 5.51%
=============================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-C REPORT DATE: April 7, 2000
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT
REPORTING MONTH: Mar-00 Page 4 of 6
REPOSSESSION LIQUIDATION REPORT
<TABLE>
<CAPTION>
Liquidated
Account Customer Principal Sales Insur. Total Repossession
FHA? Number Name Balance Proceeds Refunds Proceeds Expenses
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
832682 BRIAN C BLAY 53,836.11 43,000.00 1,703.39 44,703.39 3,340.00
872266 TONY W CLINE JR 55,718.42 50,500.00 1,324.20 51,824.20 9,900.00
838036 DELORES M MARSHALL 29,690.03 29,400.00 0.00 29,400.00 6,357.00
838051 GEORGE T ALDRICH II 22,991.94 24,400.00 787.63 25,187.63 6,207.00
852300 DONNA M PITTS 33,672.30 31,900.00 2,156.96 34,056.96 6,432.00
857648 FATIMA L TALLEY 35,425.15 36,250.00 137.74 36,387.74 9,472.50
861053 JEFF D DABBS 31,520.42 31,400.00 32.50 31,432.50 6,417.00
863299 REBECCA J BRATTON 21,128.87 22,400.00 1,376.11 23,776.11 6,147.00
865500 ELLIS SMITH 19,653.87 20,500.00 65.13 20,565.13 6,090.00
875723 DAWNE B ANDERSON 16,774.55 16,400.00 889.19 17,289.19 5,967.00
904499 ERIN N ROBERTS 37,013.31 34,000.00 416.83 34,416.83 6,495.00
904952 SAM BLACKIE 28,244.55 24,400.00 2,189.35 26,589.35 6,207.00
916527 JOSEPH K HUKE 29,791.65 28,400.00 2,346.08 30,746.08 6,327.00
917798 RICHARD MEACHAM 36,178.71 31,500.00 591.46 32,091.46 6,420.00
918077 RICKY A MELTON 40,166.44 34,000.00 3,331.28 37,331.28 6,495.00
918812 BRADLEY S HAMILTON 35,770.22 32,500.00 557.12 33,057.12 6,450.00
926930 SHANNON M DERR 33,482.53 33,400.00 0.00 33,400.00 6,477.00
927219 RODNEY J STIGHALL 21,485.38 23,900.00 0.00 23,900.00 6,192.00
929041 JERMICKA D JACOBS 17,270.16 17,900.00 61.45 17,961.45 6,012.00
932656 GARY P DAVIS JR 42,301.49 37,900.00 1,774.81 39,674.81 6,612.00
934041 ELIZABETH MENDEZ 8,362.60 3,500.00 0.00 3,500.00 845.00
934280 JEREMY E LIVERS 9,767.38 3,061.35 299.76 3,361.11 845.00
934397 LAKE C YOUNG 35,152.52 36,400.00 469.31 36,869.31 6,567.00
934736 ELIZABETH J HERNANDEZ 34,781.84 32,000.00 1,414.89 33,414.89 6,435.00
934967 MARVIN J HARDIN 19,129.09 18,400.00 156.02 18,556.02 6,027.00
935816 JOHNATHON C BRYANT 42,192.28 38,400.00 1,007.80 39,407.80 6,627.00
937200 SALLY M MARRISETT 12,374.07 1,000.00 76.89 1,076.89 845.00
937945 KEITH CARTER 23,267.21 25,000.00 230.83 25,230.83 6,225.00
942119 KALVIN D DAMMANN 35,318.83 30,500.00 3,622.71 34,122.71 6,390.00
943216 DONNA A WHITLEY 34,745.90 34,900.00 2,808.47 37,708.47 6,522.00
943786 ERVIN L COOK 27,498.03 26,900.00 2,661.44 29,561.44 6,282.00
944883 MIKE BRIGMAN 33,051.19 34,000.00 127.68 34,127.68 6,495.00
947530 RONALD W CHADWICK 24,305.38 23,650.00 70.32 23,720.32 6,184.50
948124 ESTANISLADO ZAMORA 26,623.12 27,700.00 1,998.28 29,698.28 6,306.00
953967 JOHN A CALDWELL 10,810.83 4,000.00 102.11 4,102.11 845.00
954668 ANDREA L ULMER 29,673.92 18,000.00 1,999.96 19,999.96 845.00
956333 JENNIFER M REICHARD 30,423.27 28,400.00 0.00 28,400.00 6,327.00
957489 BRADY E STEWART 22,013.69 22,900.00 183.48 23,083.48 6,162.00
957992 MICHAEL BROWN 30,449.75 27,900.00 2,172.57 30,072.57 6,312.00
0.00
0.00
0.00
0.00
<CAPTION>
Net Net Current
Account Customer Liquidation Unrecov. FHA Insurance Pass Thru Period Net Cumulative
FHA? Number Name Proceeds Advances Coverage Proceeds Gain/(Loss) Gain/(Loss)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
832682 BRIAN C BLAY 41,363.39 3,978.54 0.00 37,384.85 (16,451.26)
872266 TONY W CLINE JR 41,924.20 2,520.44 0.00 39,403.76 (16,314.66)
838036 DELORES M MARSHALL 23,043.00 2,360.01 0.00 20,682.99 (9,007.04)
838051 GEORGE T ALDRICH II 18,980.63 2,337.12 0.00 16,643.51 (6,348.43)
852300 DONNA M PITTS 27,624.96 3,339.15 0.00 24,285.81 (9,386.49)
857648 FATIMA L TALLEY 26,915.24 2,537.53 0.00 24,377.71 (11,047.44)
861053 JEFF D DABBS 25,015.50 3,103.11 0.00 21,912.39 (9,608.03)
863299 REBECCA J BRATTON 17,629.11 2,707.41 0.00 14,921.70 (6,207.17)
865500 ELLIS SMITH 14,475.13 2,348.61 0.00 12,126.52 (7,527.35)
875723 DAWNE B ANDERSON 11,322.19 2,459.18 0.00 8,863.01 (7,911.54)
904499 ERIN N ROBERTS 27,921.83 2,085.21 0.00 25,836.62 (11,176.69)
904952 SAM BLACKIE 20,382.35 3,312.93 0.00 17,069.42 (11,175.13)
916527 JOSEPH K HUKE 24,419.08 3,142.00 0.00 21,277.08 (8,514.57)
917798 RICHARD MEACHAM 25,671.46 3,947.34 0.00 21,724.12 (14,454.59)
918077 RICKY A MELTON 30,836.28 3,475.13 0.00 27,361.15 (12,805.29)
918812 BRADLEY S HAMILTON 26,607.12 4,668.14 0.00 21,938.98 (13,831.24)
926930 SHANNON M DERR 26,923.00 3,231.26 0.00 23,691.74 (9,790.79)
927219 RODNEY J STIGHALL 17,708.00 2,600.75 0.00 15,107.25 (6,378.13)
929041 JERMICKA D JACOBS 11,949.45 1,299.52 0.00 10,649.93 (6,620.23)
932656 GARY P DAVIS JR 33,062.81 4,391.85 0.00 28,670.96 (13,630.53)
934041 ELIZABETH MENDEZ 2,655.00 2,077.81 0.00 577.19 (7,785.41)
934280 JEREMY E LIVERS 2,516.11 1,265.44 0.00 1,250.67 (8,516.71)
934397 LAKE C YOUNG 30,302.31 4,111.95 0.00 26,190.36 (8,962.16)
934736 ELIZABETH J HERNANDEZ 26,979.89 2,644.44 0.00 24,335.45 (10,446.39)
934967 MARVIN J HARDIN 12,529.02 2,444.57 0.00 10,084.45 (9,044.64)
935816 JOHNATHON C BRYANT 32,780.80 4,776.87 0.00 28,003.93 (14,188.35)
937200 SALLY M MARRISETT 231.89 1,611.01 0.00 (1,379.12) (13,753.19)
937945 KEITH CARTER 19,005.83 2,873.79 0.00 16,132.04 (7,135.17)
942119 KALVIN D DAMMANN 27,732.71 2,838.41 0.00 24,894.30 (10,424.53)
943216 DONNA A WHITLEY 31,186.47 2,108.53 0.00 29,077.94 (5,667.96)
943786 ERVIN L COOK 23,279.44 1,746.47 0.00 21,532.97 (5,965.06)
944883 MIKE BRIGMAN 27,632.68 2,922.96 0.00 24,709.72 (8,341.47)
947530 RONALD W CHADWICK 17,535.82 1,125.12 0.00 16,410.70 (7,894.68)
948124 ESTANISLADO ZAMORA 23,392.28 2,010.88 0.00 21,381.40 (5,241.72)
953967 JOHN A CALDWELL 3,257.11 3,116.63 0.00 140.48 (10,670.35)
954668 ANDREA L ULMER 19,154.96 2,425.41 0.00 16,729.55 (12,944.37)
956333 JENNIFER M REICHARD 22,073.00 2,060.61 0.00 20,012.39 (10,410.88)
957489 BRADY E STEWART 16,921.48 2,253.67 0.00 14,667.81 (7,345.88)
957992 MICHAEL BROWN 23,760.57 2,288.47 0.00 21,472.10 (8,977.65)
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 REPORT DATE: April 7, 2000
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT
REPORTING MONTH: Mar-00 Page 4 of 6
REPOSSESSION LIQUIDATION REPORT
<TABLE>
<CAPTION>
Liquidated
Account Customer Principal Sales Insur. Total Repossession
FHA? Number Name Balance Proceeds Refunds Proceeds Expenses
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <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
------------------------------------------------------------------------------------
1,132,057.00 1,040,661.35 39,143.75 1,079,805.10 223,103.00
====================================================================================
<CAPTION>
Net Net Current
Account Customer Liquidation Unrecov. FHA Insurance Pass Thru Period Net Cumulative
FHA? Number Name Proceeds Advances Coverage Proceeds Gain/(Loss) Gain/(Loss)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <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 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
---------------------------------------------------------------------------------------------------
856,702.10 106,548.27 0.00 750,153.83 (381,903.17) (1,008,825.07)
===================================================================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-C REPORT DATE: April 7, 2000
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT
REPORTING MONTH: Mar-00 Page 5 of 6
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
<TABLE>
<CAPTION>
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 72,200,000.00 48,841,109.16 0.00 2,182,219.77
A-2 174,270,000.00 174,270,000.00 0.00 0.00
-------------------------------------------------------------------------------------
Total Certificate Principal Bal. 246,470,000.00 223,111,109.16 0.00 2,182,219.77
=====================================================================================
<CAPTION>
Current Ending Principal Ending Principal Paid
Cert. Principal Shortfall Carry- Certificate Pool Per $1,000
Class Paid Over Balances Factor Denomination
- ------------------------------------------------------------------------------------------------------------------------------------
Senior Certificates
<S> <C> <C> <C> <C> <C>
A-1 2,182,219.77 0.00 46,658,889.39 64.62450% 30.224651
A-2 0.00 0.00 174,270,000.00 100.00000% 0.000000
--------------------------------------------------------
Total Certificate Principal Bal. 2,182,219.77 0.00 220,928,889.39
================================================================================================
<CAPTION>
Original Beginning Beginning Principal Current Current
Subordinate Certificates Certificate Certificate Shortfall Carry- Principal Principal
Balances Balances Over Due Paid
----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
M-1 20,808,000.00 20,808,000.00 0.00 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 0.00
M-1 Outstanding Writedown 0.00 0.00
B-1 16,004,000.00 16,004,000.00 0.00 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 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 0.00
========================================================================================
All Certificates Excluding Writedown Bal. 320,093,916.00 296,735,025.16 0.00 2,182,219.77 2,182,219.77
========================================================================================
<CAPTION>
Ending Principal Current Ending Principal Paid
Subordinate Certificates Shortfall Carry- Writedown/ Certificate Pool Per $1,000
Over (Writeup) Balances Factor Denomination
----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
M-1 0.00 0.00 20,808,000.00 100.00000% 0.000000
M-1 Outstanding Writedown 0.00
M-2 0.00 0.00 16,004,000.00 100.00000% 0.000000
M-1 Outstanding Writedown 0.00
B-1 0.00 0.00 16,004,000.00 100.00000% 0.000000
B-1 Outstanding Writedown 0.00
B-2 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 73,623,916.00
===================================================
All Certificates Excluding Writedown Bal. 0.00 0.00 294,552,805.39
===================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-C REPORT DATE: April 7, 2000
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT
REPORTING MONTH: Mar-00 Page 6 of 6
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 6.18375% 0.00 260,073.82 0.00 260,073.82 0.00
A-2 7.47500% 0.00 1,085,556.88 0.00 1,085,556.88 0.00
-------------------------------------------------------------------------------------
=====================================================================================
Total 0.00 1,345,630.70 0.00 1,345,630.70 0.00
=====================================================================================
<CAPTION>
Interest Paid
Per $1,000 Total Class
Denomination Distribution
------------------------------------
<S> <C> <C>
A-1 3.60213 2,442,293.59
A-2 6.22917 1,085,556.88
-----------------------
=======================
Total 3,527,850.47
=======================
<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
----------------------------------------------------------------------------------------------------------------
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 0.00 247,279.19 0.00 247,279.19 0.00
X 626,921.90 472,849.61 0.00 90,946.44 1,008,825.07
R 0.00 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------
Total 626,921.90 1,188,426.95 0.00 806,523.78 1,008,825.07
=====================================================================================================
All Certificates 626,921.90 2,534,057.65 0.00 2,152,154.48 1,008,825.07
=====================================================================================================
<CAPTION>
Beginning Carry Current Writedown Current Carry- Ending Carry- Interest Paid
Subordinate Over Writedown Interest Over Writedown Writedown Over Writedown Per $1,000 Total Class
Certificates Interest Balance Accrued Interest Accrued Interest Paid Interest Balance Denomination Distribution
-----------------------------------------------------------------------------------------------------------------
M-1 0.00 0.00 0.00 0.00 0.00 6.72500 139,933.80
M-2 0.00 0.00 0.00 0.00 0.00 7.29167 116,695.83
B-1 0.00 0.00 0.00 0.00 0.00 5.75000 92,023.00
B-2 0.00 0.00 0.00 0.00 0.00 5.75000 119,645.52
Limited Guarantee 0.00
Service Fee 247,279.19
X 90,946.44
R 0.00
------------------------------------------------------------------------------- ---------------
Total 0.00 0.00 0.00 0.00 0.00 806,523.78
=============================================================================== ================
All Certificates 0.00 0.00 0.00 0.00 0.00 4,334,374.25
=============================================================================== ================
</TABLE>
