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Previous: OAKWOOD MORTGAGE INVESTORS INC OMI TRUST 1999-D, 8-K, 2000-06-21 |
Next: AVICI SYSTEMS INC, S-1/A, 2000-06-21 |
OAKWOOD MORTGAGE INVESTORS, INC. 1999-D
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: May-00
<TABLE>
<CAPTION>
Scheduled Principal Balance of Contracts
-------------------------------------------------------------------------------------------------------------
Beginning Ending Scheduled
Principal Scheduled Prepaid Liquidated Contracts Principal Gross
Balance Principal Principal Principal Repurchased Balance Interest
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
275,942,541.51 (309,270.43) (568,270.63) (517,269.02) 0.00 274,547,731.43 2,190,964.11
====================================================================================================================================
<CAPTION>
Scheduled Amount
Servicing Pass Thru Liquidation Available for
Fee Interest Proceeds Distribution
--------------------------------------------------------------------------------
<S> <C> <C> <C>
229,952.12 1,961,011.99 327,772.15 3,396,277.32
================================================================================
<CAPTION>
Certificate Account
----------------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
875,916.85 1,390,794.94 2,128,385.70 (3,936,234.26) 2,716.59 461,579.82
==================================================================================================================================
<CAPTION>
P&I Advances at Distribution Date
--------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
--------------------------------------------------------------------------------
<S> <C> <C> <C>
1,907,292.53 (1,690,770.23) 1,595,348.51 1,811,870.81
================================================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-D
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: May-00
<TABLE>
<CAPTION>
Class B Crossover Test Test Met?
-----------------------------------------------------------------------------------------------
<S> <C> <C>
(a) Remittance date on or after March 2004 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
MAR 2004 - AUG 2005 7% N
SEP 2005 - AUG 2006 8% N
SEP 2006 - FEB 2008 9.5% N
10.5 THEREAFTER 10.5% N
(e) Current realized loss ratio <= 3.00% Y
(f) Does subordinated cert. percentage equal or
exceed 46.375%
of stated scheduled pool balance
Beginning M balances 36,270,000.00
Beginning B balances 33,248,000.00
Overcollateralization 13,601,000.00
---------------------
83,119,000.00
Divided by beginning pool
balance 275,942,541.51
---------------------
30.122% N
=====================
<CAPTION>
Average 60 day delinquency ratio:
<S> <C> <C> <C>
Over 60s Pool Balance %
---------------------------------------------------
Current Mo 10,544,085.38 274,547,731.43 3.84%
1st Preceding Mo 9,533,724.16 275,942,541.51 3.45%
2nd Preceding Mo 8,563,865.64 277,669,179.45 3.08%
Divided by 3
-------------
3.46%
=============
<CAPTION>
Cumulative loss ratio:
<S> <C> <C> <C>
Cumulative losses 719,169.16
-----------------
Divided by Initial Certificate Principal 302,250,407.75 0.238%
=============
Current realized loss ratio:
Liquidation Pool
Losses Balance
--------------------------------------
Current Mo 189,496.87 275,942,541.51
1st Preceding Mo 237,111.49 277,669,179.45
2nd Preceding Mo 167,674.09 279,580,003.58
--------------------------------------
594,282.45 277,730,574.85 0.856%
=============
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-D
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>
Non Repos 5,777 269,639,319.35 111 4,240,349.85 50 1,781,613.43 78 3,951,212.07
Repos 124 4,908,412.08 2 97,152.20 5 220,315.69 117 4,590,944.19
-----------------------------------------------------------------------------------------------------------------
Total 5,901 274,547,731.43 113 4,337,502.05 55 2,001,929.12 195 8,542,156.26
=================================================================================================================
0.00
<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>
Non Repos 239 9,973,175.35 124 4,908,412.08 0 0.00 29 1,183,260.67 192 7,153,761.16
Repos 124 4,908,412.08
--------------------------
Total 363 14,881,587.43
==========================
6.2% 5.42%
==========================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-D
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
Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1978097 SHAWN CARROLL 29,120.24 22,000.00 3,135.76 25,135.76 6,295.00 18,840.76
1984509 EDDIE A SHEPPARD 12,619.77 500.00 91.14 591.14 1,100.00 (508.86)
1988443 JAMES P MILLWOOD 21,346.71 20,100.00 538.25 20,638.25 6,238.00 14,400.25
1993666 FEDERICO CARBAJAL 32,693.09 27,500.00 2,447.31 29,947.31 6,460.00 23,487.31
1996388 DEBORAH L RANDALL 35,069.93 31,900.00 1,244.70 33,144.70 6,592.00 26,552.70
1997360 DEBORAH L DANESE 69,920.41 63,750.00 1,686.43 65,436.43 10,582.50 54,853.93
2003317 JUAN R CORDOVA 58,064.72 57,150.00 1,302.06 58,452.06 10,384.50 48,067.56
2010676 SILAS R ASHER 35,584.73 33,400.00 1,929.66 35,329.66 6,637.00 28,692.66
2019032 DAVID L WEINRICH II 47,791.71 46,250.00 2,467.07 48,717.07 10,057.50 38,659.57
2028660 LILAH T COMBS 11,271.97 5,100.00 112.46 5,212.46 1,100.00 4,112.46
2034775 TERRY EPPS 9,523.88 1,000.00 1,476.95 2,476.95 1,100.00 1,376.95
1999093 ALLEN O KEISLER 53,602.92 49,740.00 2,490.78 52,230.78 10,162.20 42,068.58
2010239 DENNIS K SMITH 41,304.76 33,000.00 3,053.35 36,053.35 6,625.00 29,428.35
2019560 PAM STROPE 49,757.91 49,750.00 0.00 49,750.00 10,162.50 39,587.50
2006575 HOLLIE M PERRIN 9,596.27 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 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
-----------------------------------------------------------------------------------------------------
517,269.02 41,140.00 21,975.92 463,115.92 93,496.20 369,619.72
=====================================================================================================
<CAPTION>
Net Current
Account Customer Unrecov. Pass Thru Period Net Cumulative
Number Name Advances FHA Ins Proceeds Gain/(Loss) Gain/(Loss)
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <S> <C> <C> <C> <C>
1978097 SHAWN CARROLL 3,558.78 0.00 15,281.98 (13,838.26)
1984509 EDDIE A SHEPPARD 1,882.20 0.00 (2,391.06) (15,010.83)
1988443 JAMES P MILLWOOD 2,161.25 0.00 12,239.00 (9,107.71)
1993666 FEDERICO CARBAJAL 1,718.83 0.00 21,768.48 (10,924.61)
1996388 DEBORAH L RANDALL 2,734.12 0.00 23,818.58 (11,251.35)
1997360 DEBORAH L DANESE 4,938.88 0.00 49,915.05 (20,005.36)
2003317 JUAN R CORDOVA 4,412.47 0.00 43,655.09 (14,409.63)
2010676 SILAS R ASHER 2,545.52 0.00 26,147.14 (9,437.59)
2019032 DAVID L WEINRICH II 3,868.97 0.00 34,790.60 (13,001.11)
2028660 LILAH T COMBS 2,718.46 0.00 1,394.00 (9,877.97)
2034775 TERRY EPPS 2,543.76 0.00 (1,166.81) (10,690.69)
1999093 ALLEN O KEISLER 3,186.56 0.00 38,882.02 (14,720.90)
2010239 DENNIS K SMITH 2,754.05 0.00 26,674.30 (14,630.46)
2019560 PAM STROPE 2,289.16 0.00 37,298.34 (12,459.57)
2006575 HOLLIE M PERRIN 534.56 0.00 (534.56) (10,130.83)
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
------------------------------------------------------------------
41,847.57 0.00 327,772.15 (189,496.87) (719,169.16)
======================================================================================
** Loan 2006575 is a charge off
0.00
===============
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-D
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: May-00
<TABLE>
<CAPTION>
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Beginning Beginning
Senior Original Certificate Certificate Principal Shortfall Current Principal Current
Certificates Balance Balance Carry-Over Due Principal Paid
<S> <C> <C> <C> <C> <C>
A-1 226,687,000.00 198,809,655.17 0.00 1,394,810.08 1,394,810.08
------------------------------------------------------------------------------------------------
Total Certificate Principal Bal. 226,687,000.00 198,809,655.17 0.00 1,394,810.08 1,394,810.08
================================================================================================
<CAPTION>
Accelerated
Ending Principal Principal Ending Principal Paid
Senior Shortfall Carry- Distribution Certificate Per $1,000
Certificates Over Amount Balance Pool Factor Denomination
<S> <C> <C> <C> <C> <C>
A-1 0.00 28,713.78 197,386,131.31 87.07431% 6.27969
----------------------------------------------------------
Total Certificate Principal Bal. 0.00 28,713.78 197,386,131.31
==========================================================
<CAPTION>
Beginning Beginning
Subordinate Original Certificate Certificate Principal Shortfall Current Principal
Certificates Balance Balance Carry-Over Due
<S> <C> <C> <C> <C>
M-1 22,669,000.00 22,669,000.00 0.00 0.00
M-1 Outstanding Writedown 0.00
M-2 13,601,000.00 13,601,000.00 0.00 0.00
M-2 Outstanding Writedown 0.00
B-1 16,624,000.00 16,624,000.00 0.00 0.00
B-1 Outstanding Writedown 0.00
B-2 16,624,000.00 16,624,000.00 0.00 0.00
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 6,045,407.75 7,614,886.34
-------------------------------------------------------------------------------------
Total Excluding Writedown Balances 75,563,407.75 77,132,886.34 0.00 0.00
=====================================================================================
All Certificates Excluding Writedown Balances 302,250,407.75 275,942,541.51 0.00 1,394,810.08
=====================================================================================
<CAPTION>
Accelerated
Ending Principal Current Principal
Subordinate Current Shortfall Carry- Writedown/ Distribution
Certificates Principal Paid Over (Writeup) Amount
<S> <C> <C> <C> <C>
M-1 0.00 0.00 0.00
M-1 Outstanding Writedown 0.00
M-2 0.00 0.00 0.00
M-2 Outstanding Writedown 0.00
B-1 0.00 0.00 0.00
B-1 Outstanding Writedown 0.00
B-2 0.00 0.00 0.00
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance (28,713.78)
-------------------------------------------------------------------------------------
Total Excluding Writedown Balances 0.00 0.00 0.00 (28,713.78)
=====================================================================================
All Certificates Excluding Writedown Balances 1,394,810.08 0.00 0.00 0.00
=====================================================================================
<CAPTION>
Ending Principal Paid
Subordinate Certificate Per $1,000
Certificates Balance Pool Factor Denomination
<S> <C> <C> <C>
M-1 22,669,000.00 100.00000% 0.00000
M-1 Outstanding Writedown 0.00
M-2 13,601,000.00 100.00000% 0.00000
M-2 Outstanding Writedown 0.00
B-1 16,624,000.00 100.00000% 0.00000
B-1 Outstanding Writedown 0.00
B-2 16,624,000.00 100.00000% 0.00000
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 7,643,600.12
-----------------
Total Excluding Writedown Balances 77,161,600.12
=================
All Certificates Excluding Writedown Balances 274,547,731.43
=================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-D
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORT MONTH: May-00
CERTIFICATE INTEREST ANALYSIS
<TABLE>
<CAPTION>
Current Interest
Pass Beginning Carry- Carry-Over Ending Paid Per
Senior Through Over Priority Current Priority Priority Interest Carry-Over $1,000 Total Class
Certificates Rate Interest Balance Interest Accrual Accrual Paid Balance Denom. Distribution
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 7.8400% 0.00 1,298,889.75 0.00 1,298,889.75 0.00 5.72988 2,722,413.61
-------------------------------------------------------------------------------- -------------
Total 0.00 1,298,889.75 0.00 1,298,889.75 0.00 2,722,413.61
================================================================================ =============
<CAPTION>
Current Ending
Pass Beginning Carry- Carry-Over Priority Carry-Over
Subordinate Through Over Priority Current Priority Priority Interest Interest Priority Interest
Certificates Rate Interest Balance Interest Accured Accured Paid Balance
<S> <C> <C> <C> <C> <C> <C>
M-1 8.0000% 0.00 151,126.67 0.00 151,126.67 0.00
M-2 9.1900% 0.00 96,680.44 0.00 96,680.44 0.00
B-1 7.0000% 0.00 96,973.33 0.00 96,973.33 0.00
B-2 6.0000% 0.00 83,120.00 0.00 83,120.00 0.00
X 2,090,620.28 226,741.25 0.00 0.00 2,317,361.53
R 0.00 0.00 0.00 0.00 0.00
Service Fee 1.0000% 8,530.60 229,952.12 0.00 238,482.72 0.00
-----------------------------------------------------------------------------------------------------------------
Total 2,099,150.88 884,593.81 0.00 666,383.16 2,317,361.53
=================================================================================================================
All Certificates 2,099,150.88 2,183,483.56 0.00 1,965,272.91 2,317,361.53
=================================================================================================================
<CAPTION>
Beg. Current Current Ending Beg. Current Current
Carry-Over Shortfall Carry-Over Shortfall Carry-Over Carry-Over Writedown Carry-Over
Subordinate Shortfall Interest Shortfall Interest Shortfall Writedown Interest Writedown
Certificates Int. Balance Accrued Int. Accrued Paid Int. Balance Int. Balance Accrued Int. Accrued
<S> <C> <C> <C> <C> <C> <C> <C> <C>
M-1 0.00 0.00 0.00
M-2 0.00 7,480.55 0.00 7,480.55 0.00 0.00 0.00 0.00
B-1 0.00 0.00 0.00
B-2 0.00 0.00 0.00
X
R
Service Fee
------------------------------------------------------------------------------------------------------------------
Total 0.00 7,480.55 0.00 7,480.55 0.00 0.00 0.00 0.00
==================================================================================================================
All Certificates 0.00 7,480.55 0.00 7,480.55 0.00 0.00 0.00 0.00
==================================================================================================================
<CAPTION>
Ending Interest
Carry-Over Paid Per Total
Subordinate Writedown Writedown $1,000 Class
Certificates Interest Paid Int.Balance Denom. Distribution
<S> <C> <C> <C> <C>
M-1 0.00 0.00 6.66667 151,126.67
M-2 0.00 0.00 7.10833 104,160.99
B-1 0.00 0.00 5.83333 96,973.33
B-2 0.00 0.00 5.00000 83,120.00
X 0.00
R 0.00
Service Fee 238,482.72
--------------------------- --------------------
Total 0.00 0.00 673,863.71
=========================== ====================
All Certificates 0.00 0.00 3,396,277.32
=========================== ====================
Cumulative X Interest Shortfall 2,317,361.53
Cumulative Accelerated Prin. Disb. (1,598,192.37)
Cumulative Unpaid Service Fee 0.00
--------------------
--------------------
719,169.16
====================
</TABLE>
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