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Previous: OMI TRUST 1999 E, 8-K, 2000-09-22 |
Next: TELLIUM INC, S-1, 2000-09-22 |
<TABLE>
<CAPTION>
<S> <C>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-B REPORT DATE: 9/8/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT #3
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: Aug-00
Scheduled Principal Balance of Contracts
-----------------------------------------------------------------------------------------------
Beginning Ending
Principal Scheduled Prepaid Liquidated Contracts Principal
Balance Principal Principal Principal Repurchased Balance
-----------------------------------------------------------------------------------------------
352,250,251.74 (422,069.92) (5,136,393.78) 0.00 0.00 346,691,788.04
===============================================================================================
Scheduled Scheduled Amount
Gross Servicing Pass Thru Liquidation Reserve Available for Limited Total
Interest Fee Interest Proceeds Fund Draw Distribution Guarantee Distribution
-----------------------------------------------------------------------------------------------------------------------
3,384,425.03 293,541.88 3,090,883.15 0.00 0.00 8,942,888.73 0.00 8,942,888.73
=======================================================================================================================
Certificate Account
-------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
-------------------------------------------------------------------------------------------------------------------------
3,588,566.63 5,513,936.08 3,473,783.98 (7,365,274.39) 19,618.27 5,230,630.57
=========================================================================================================================
P&I Advances at Distribution Date
---------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
---------------------------------------------------------------------------------
231,365.06 -231,365.06 1,321,733.23 1,321,733.23
=================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-B REPORT DATE: 9/8/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 3
REMITTANCE REPORT Page 2 of 6
REPORTING MONTH: August-00
Class B Crossover Test Test Met?
------------------------------------------------------------------------ ---------------
(a) Remittance date on or after January 2005 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. 2005 - June 2006 7% N
July 2006 - June 2007 8% N
July 2007 - Dec. 2008 9.5% N
Jan. 2009 and after 10.5% N
(e) Current realized loss ratio <= 3.00% Y
(f) Does subordinated cert. percentage equal or
exceed 39.078%
of stated scheduled pool balance
Beginning M balances 21,600,000.00
Beginning B balances 35,100,000.00
Overcollateralization 12,600,000.00
--------------------
69,300,000.00
Divided by beginning pool
balance 352,250,251.74
--------------------
19.674% N
====================
Average 60 day delinquency ratio:
Over 60s Pool Balance %
------------------------------------------------------------
Current Mo 3,248,889.97 346,691,788.04 0.94%
1st Preceding Mo 1,048,134.69 352,250,251.74 0.30%
2nd Preceding Mo 58,731.32 356,290,216.48 0.00%
Divided by 3
------------------
0.41%
==================
Cumulative loss ratio:
Cumulative losses 647.83
-----------------------
Divided by Initial Certificate Principal 360,000,000.00 0.000%
==================
Current realized loss ratio:
Liquidation Pool
Losses Balance
------------------------------------------
Current Mo 0.00 352,250,251.74
1st Preceding Mo 647.83 356,290,216.48
2nd Preceding Mo 0.00 360,000,000.00
------------------------------------------
647.83 356,180,156.07
0.001%
==================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-B REPORT DATE: 9/8/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 3
REMITTANCE REPORT Page 3 of 6
REPORTING MONTH: Aug-00
Delinquency Analysis
31 to 59 days 60 to 89 days 90 days and Over Total Delinq.
No. of Principal Principal Principal Principal Principal
Loans Balance # Balance # Balance # Balance # Balance
--------------------------------------------------------------------------------------------------------------------
Excluding Repos 8,481 345,949,094.21 140 5,458,636.60 58 2,158,510.90 13 409,297.58 211 8,026,445.08
Repos 22 742,693.83 2 61,612.34 9 342,978.75 11 338,102.74 22 742,693.83
-------------------------------------------------------------------------------------------------------------------
Total 8,503 346,691,788.04 142 5,520,248.94 67 2,501,489.65 24 747,400.32 233 8,769,138.91
===================================================================================================================
2.7% 2.53%
=====================
Repossession Analysis
Active Repos Reversal Current Month
Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal
# Balance # Balance # Balance # Balance
-------------------------------------------------------------------------------------------
22 742,693.83 0 0.00 14 468,182.02 22 742,693.83
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-B REPORT DATE: 9/8/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT #3
REMITTANCE REPORT
REPORTING MONTH: Aug-00 Page 4 of 6
REPOSSESSION LIQUIDATION REPORT
Liquidated Net
Account Customer Principal Sales Insur. Total Repossession Liquidation Unrecov.
Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds Advances
------------------------------------------------------------------------------------------------------------------------------
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------
0.00 0.00 0.00 0.00 0.00 0.00 0.00
==========================================================================================
Net Current
Account Customer FHA Insurance Pass Thru Period Net Cumulative
Number Name Coverage Proceeds Gain/(Loss) Gain/(Loss)
---------------------------------------------------------------------------------------------
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
------------------------------------------
0.00 0.00 0.00 (647.83)
==========================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-B REPORT DATE: 9/8/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT #3
REMITTANCE REPORT
REPORTING MONTH: Aug-00 Page 5 of 6
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Beginning Beginning
Senior Original Certificate Certificate Principal Shortfall Current Principal Current
Certificates Balance Balance Carry-Over Due Principal Paid
--------------------------------------------------------------------------------------------------------------------------------
A-1 290,700,000.00 282,411,901.73 0.00 5,558,463.70 5,558,463.70
----------------------------------------------------------------------------------------------
Total Certificate Principal Bal. 290,700,000.00 282,411,901.73 0.00 5,558,463.70 5,558,463.70
==============================================================================================
PRINCIPAL Accelerated
Ending Principal Principal Ending Principal Paid
Senior Shortfall Carry- Distribution Certificate Per $1,000
Certificates Over Amount Balance Pool Factor Denomination
---------------------------------------------------------------------------------
A-1 0.00 757,013.15 276,096,424.88 94.97641% 21.72507
------------------------------------------------
Total Certificate Principal Bal. 0.00 757,013.15 276,096,424.88
================================================
Beginning Beginning
Subordinate Original Certificate Certificate Principal Shortfall Current Principal
Certificates Balance Balance Carry-Over Due
------------------------------------------------------------------------------
M-1 21,600,000.00 21,600,000.00 0.00 0.00
M-1 Outstanding Writedown 0.00
B-1 18,900,000.00 18,900,000.00 0.00 0.00
B-1 Outstanding Writedown 0.00
B-2 16,200,000.00 16,200,000.00 0.00 0.00
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 12,600,000.00 13,138,350.01
------------------------------------------------------------------------------
Total Excluding Writedown Balances 69,300,000.00 69,838,350.01 0.00 0.00
==============================================================================
All Certificates Excluding Writedown Balances 360,000,000.00 352,250,251.74 0.00 5,558,463.70
==============================================================================
Accelerated
Ending Principal Current Principal
Subordinate Current Shortfall Carry- Writedown/ Distribution
Certificates Principal Paid Over (Writeup) Amount
-----------------------------------------------------------------------
M-1 0.00 0.00 0.00
M-1 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 (757,013.15)
-----------------------------------------------------------------------
Total Excluding Writedown Balances 0.00 0.00 0.00 (757,013.15)
=======================================================================
All Certificates Excluding Writedown Balances 5,558,463.70 0.00 0.00 0.00
=======================================================================
Ending Principal Paid
Subordinate Certificate Per $1,000
Certificates Balance Pool Factor Denomination
---------------
M-1 21,600,000.00 100.00000% 0.00000
M-1 Outstanding Writedown 0.00
B-1 18,900,000.00 100.00000% 0.00000
B-1 Outstanding Writedown 0.00
B-2 16,200,000.00 100.00000% 0.00000
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 13,895,363.16
----------------------------------------------------
Total Excluding Writedown Balances 70,595,363.16
===============
All Certificates Excluding Writedown Balances 346,691,788.04
===============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-B REPORT DATE: 9/8/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 3
REMITTANCE REPORT
REPORTING MO. MONTH Aug-00 Page 6 of 6
CERTIFICATE INTEREST ANALYSIS
Current Interest
Pass Beginning Carry- Carry-Over Ending Paid Per
Senior Through Over Priority Current Priority Priority Interest Carry-Over 1000 Total Class
Certificates Rate Interest Balance Interest Accrual Accrual Paid Balance Denomination Distribution
-----------------------------------------------------------------------------------------------------------------------
A-1 8.1500% 0.00 1,918,047.50 0.00 1,918,047.50 0.00 6.59803 8,233,524.35
------------------------------------------------------------------------------- -------------
Total 0.00 1,918,047.50 0.00 1,918,047.50 0.00 8,233,524.35
=============================================================================== =============
Current
Pass Beginning Carry- Carry-Over
Subordinate Through Over Priority Current Priority Priority Interest Priority Interest
Certificates Rate Interest Balance Interest Accured Accured Paid
------------------------------------------------------------------------------------------------
M-1 8.7200% 0.00 156,960.00 0.00 156,960.00
B-1 9.1500% 0.00 144,112.50 0.00 144,112.50
B-2 8.5000% 0.00 114,750.00 0.00 114,750.00
X 538,997.84 757,013.15 0.00 0.00
R 0.00 0.00 0.00 0.00
Service Fee 1.0000% 0.00 293,541.88 0.00 293,541.88
-------------------------------------------------------------------------------------
Total 538,997.84 1,466,377.53 0.00 709,364.38
=====================================================================================
All Certificates 538,997.84 3,384,425.03 0.00 2,627,411.88
=====================================================================================
Ending Beginning Current Ending
Carry-Over Carry-Over Current Carry-Over Carry-Over
Subordinate Priority Interest Writedown Writedown Writedown Writedown Writedown
Certificates Balance Int. Balance Int. Accrued Int. Accrued Interest Paid Int. Balance
--------------------------------------------------------------------------------------------
M-1 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
X 1,296,010.99
R 0.00
Service Fee 0.00
--------------------------------------------------------------------------------------------
Total 1,296,010.99 0.00 0.00 0.00 0.00 0.00
============================================================================================
All Certificates 1,296,010.99 0.00 0.00 0.00 0.00 0.00
============================================================================================
Interest
Paid Per
Subordinate 1000 Total Class
Certificates Denomination Distribution
------------------------------
M-1 7.26667 156,960.00
B-1 7.62500 144,112.50
B-2 7.08333 114,750.00
X 0.00
R 0.00
Service Fee 293,541.88
-----------------
Total 709,364.38
=================
All Certificates 8,942,888.73
=================
Cumulative X Interest Shortfall 1,296,010.99
Cumulative Accelerated Prin. Disb. (1,295,363.16)
-----------------
647.83
</TABLE>
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