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Previous: OMI TRUST 1999 E, 8-K, 2000-06-21 |
Next: EQUINIX INC, S-1, 2000-06-21 |
EXHIBIT-20.1
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E
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 Servicing
Balance Principal Principal Principal Repurchased Balance Interest Fee
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
279,820,985.88 (280,300.59) (782,583.41) (94,259.36) 0.00 278,663,842.52 2,209,681.94 233,184.15
====================================================================================================================================
<CAPTION>
Scheduled Amount
Pass Thru Liquidation Available for
Interest Proceeds Distribution
-------------------------------------------------------------
<S> <C> <C>
1,976,497.79 63,807.56 3,336,373.50
=============================================================
<CAPTION>
Certificate Account
------------------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1,159,318.10 1,154,052.87 2,220,458.62 (3,777,712.87) 3,364.29 759,481.01
====================================================================================================================================
<CAPTION>
P&I Advances at Distribution Date
-------------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
-------------------------------------------------------------------------------------
<S> <C> <C> <C>
1,186,678.52 (1,163,265.91) 1,139,532.69 1,162,945.30
=====================================================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: May-00
<TABLE>
<CAPTION>
Class B Crossover Test Test Met?
-----------------------------------------------------------------------------------------------
<S> <C> <C> <C>
(a) Remittance date on or after June 2004 N
(b) Average 60 day Delinquency rate <= 5.5% Y
(d) Cumulative losses do not exceed the following
percent of the initial principal balance of all Certificates
N
June 2004 - Nov. 2005 7% N
Dec. 2005 - Nov. 2006 8% N
Dec. 2006 - May 2008 9.5% N
June 2008 and After 10.5%
Y
(e) Current realized loss ratio <= 3.00%
(f) Does subordinated cert. percentage equal or
exceed 42.888%
of stated scheduled pool balance
Beginning M balances 29,824,000.00
Beginning B balances 30,411,000.00
Overcollateralization 10,375,498.06
--------------------
70,610,498.06
Divided by beginning pool
balance 279,820,985.88
--------------------
25.234% N
====================
<CAPTION>
Average 60 day delinquency ratio:
<S> <C> <C> <C>
Over 60s Pool Balance %
------------------------------------------------------
Current Mo 5,625,878.42 278,663,842.52 2.02%
1st Preceding Mo 4,579,362.03 279,820,985.88 1.64%
2nd Preceding Mo 4,075,610.49 281,371,435.79 1.45%
Divided by 3
--------------
1.70%
==============
<CAPTION>
<S> <C> <C> <C>
Cumulative loss ratio:
Cumulative losses 86,606.07
----------------------
Divided by Initial Certificate Principal 293,828,355.98 0.029%
==============
Current realized loss ratio:
Liquidation Pool
Losses Balance
-------------------------------------------
Current Mo 30,451.80 279,820,985.88
1st Preceding Mo 49,809.67 281,371,435.79
2nd Preceding Mo 6,344.60 282,952,153.18
--------------------------------------
86,606.07 281,381,524.95 0.123%
==============
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E
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 5,459 276,673,012.73 103 4,045,737.57 33 1,578,932.59 37 2,105,728.19
Repos 54 1,990,829.79 1 49,612.15 6 206,579.23 47 1,734,638.41
-----------------------------------------------------------------------------------------------------------
Total 5,513 278,663,842.52 104 4,095,349.72 39 1,785,511.82 84 3,840,366.60
===========================================================================================================
<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 173 7,730,398.35 54 1,990,829.79 0 0.00 14 532,001.84 60 2,259,603.68
Repos 54 1,990,829.79
------------------------
Total 227 9,721,228.14
========================
4.1% 3.49%
==========================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E
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 Unrecov.
Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds Advances
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
2045268 MAURICIO HERNANDEZ 60,409.83 52,150.00 3,296.36 55,446.36 10,234.50 45,211.86 3,775.38
2059434 OMERSON TSOSI 33,849.53 31,000.00 354.85 31,354.85 6,565.00 24,789.85 2,418.77
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
-------------------------------------------------------------------------------------------------
94,259.36 83,150.00 3,651.21 86,801.21 16,799.50 70,001.71 6,194.15
=================================================================================================
<CAPTION>
Net Current
Pass Thru Period Net Cumulative
FHA Ins Proceeds Gain/(Loss) Gain/(Loss)
---------------------------------------------------------------------------
<S> <C> <C> <C>
0.00 41,436.48 (18,973.35)
0.00 22,371.08 (11,478.45)
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
----------------------------------------------------
0.00 63,807.56 (30,451.80) (86,606.07)
=======================================================================
#DIV/01
=========
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: May-00
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
<TABLE>
<CAPTION>
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-1 224,778,000.00 209,210,487.82 0.00 1,157,143.36 1,157,143.36
-------------------------------------------------------------------------------------------------
Total Certificate Principal Bal. 224,778,000.00 209,210,487.82 0.00 1,157,143.36 1,157,143.36
=================================================================================================
<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 0.00 240,155.98 207,813,188.48 92.45264% 6.21635
--------------------------------------------------------------
Total Certificate Principal Bal. 0.00 240,155.98 207,813,188.48
==============================================================
<CAPTION>
Beginning Beginning
Subordinate Original Certificate Certificate Principal Shortfall Current Principal
Certificates Balance Balance Carry-Over Due
<S> <C> <C> <C> <C>
M-1 18,658,000.00 18,658,000.00 0.00 0.00
M-1 Outstanding Writedown 0.00
M-2 11,166,000.00 11,166,000.00 0.00 0.00
M-2 Outstanding Writedown 0.00
B-1 13,516,000.00 13,516,000.00 0.00 0.00
B-1 Outstanding Writedown 0.00
B-2 16,895,000.00 16,895,000.00 0.00 0.00
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 8,815,355.98 10,375,498.06
------------------------------------------------------------------------------------
Total Excluding Writedown Balances 69,050,355.98 70,610,498.06 0.00 0.00
====================================================================================
All Certificates Excluding Writedown Balances 293,828,355.98 279,820,985.88 0.00 1,157,143.36
====================================================================================
<CAPTION>
Accelerated
Ending Principal Current Principal
Subordinate Current Shortfall Carry- Writedown/ Distribution
Certificates Principal Paid Over (Writeup) Amount
<S> <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 (240,155.98)
-----------------------------------------------------------------------------------
Total Excluding Writedown Balances 0.00 0.00 0.00 (240,155.98)
===================================================================================
All Certificates Excluding Writedown Balances 1,157,143.36 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 18,658,000.00 100.00000% 0.00000
M-1 Outstanding Writedown 0.00
M-2 11,166,000.00 100.00000% 0.00000
M-2 Outstanding Writedown 0.00
B-1 13,516,000.00 100.00000% 0.00000
B-1 Outstanding Writedown 0.00
B-2 16,895,000.00 100.00000% 0.00000
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 10,615,654.04
------------------
Total Excluding Writedown Balances 70,850,654.04
==================
All Certificates Excluding Writedown Balances 278,663,842.52
==================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MO. 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 Denomination Distribution
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 7.6080% 0.00 1,326,394.49 0.00 1,326,394.49 0.00 5.90091 2,723,693.83
----------------------------------------------------------------------------- ----------------
Total 0.00 1,326,394.49 0.00 1,326,394.49 0.00 2,723,693.83
============================================================================= ================
<CAPTION>
Current Ending
Pass Beginning Carry- Carry-Over Carry-Over
Subordinate Through Over Priority Current Priority Priority Interest Priority Interest Priority Interest
Certificates Rate Interest Balance Interest Accured Accured Paid Balance
<S> <C> <C> <C> <C> <C> <C>
M-1 8.2970% 0.00 129,004.52 0.00 129,004.52 0.00
M-2 8.4000% 0.00 78,162.00 0.00 78,162.00 0.00
B-1 7.8000% 0.00 87,854.00 0.00 87,854.00 0.00
B-2 6.0000% 0.00 84,475.00 0.00 84,475.00 0.00
X 1,616,296.35 270,607.78 0.00 0.00 1,886,904.13
R 0.00 0.00 0.00 0.00 0.00
Service Fee 1.0000% 0.00 233,184.15 0.00 233,184.15 0.00
-------------------------------------------------------------------------------------------------------------------
Total 1,616,296.35 883,287.45 0.00 612,679.67 1,886,904.13
===================================================================================================================
All Certificates 1,616,296.35 2,209,681.94 0.00 1,939,074.16 1,886,904.13
===================================================================================================================
<CAPTION>
Beginning Current Ending Interest
Carry-Over Current Carry-Over Carry-Over Paid Per
Subordinate Writedown Writedown Writedown Writedown Writedown $1,000 Total Class
Certificates Int. Balance Int. Accrued Int. Accrued Interest Paid Int. Balance Denomination Distribution
<S> <C> <C> <C> <C> <C> <C> <C>
M-1 0.00 0.00 0.00 0.00 0.00 6.91417 129,004.52
M-2 0.00 0.00 0.00 0.00 0.00 7.00000 78,162.00
B-1 0.00 0.00 0.00 0.00 0.00 6.50000 87,854.00
B-2 0.00 0.00 0.00 0.00 0.00 5.00000 84,475.00
X 0.00
R 0.00
Service Fee 233,184.15
-------------------------------------------------------------------------- -------------------
Total 0.00 0.00 0.00 0.00 0.00 612,679.67
========================================================================== ===================
All Certificates 0.00 0.00 0.00 0.00 0.00 3,336,373.50
========================================================================== ===================
Cumulative X Interest Shortfall 1,886,904.13
Cumulative Accelerated Prin. Disb. (1,800,298.06)
-------------------
86,606.07
===================
</TABLE>
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