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Previous: OMI TRUST 1999 E, 8-K, 2000-09-22 |
Next: OMI TRUST 1999 E, 8-K, 2000-09-22 |
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E REPORT DATE: 9/8/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: August-00
Scheduled Principal Balance of Contracts
-----------------------------------------------------------------------------------------------------------------------------------
Beginning Ending
Principal Scheduled Prepaid Liquidated Contracts Principal
Balance Principal Principal Principal Repurchased Balance
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
275,418,305.04 (282,382.81) (583,693.20) (573,628.56) 0.00 273,978,600.47
===================================================================================================================================
<CAPTION>
Certificate Account
-----------------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1,307,343.47 1,434,356.54 2,103,946.37 (4,039,219.95) 4,369.43 810,795.86
===================================================================================================================================
<CAPTION>
Scheduled Scheduled Amount
Gross Servicing Pass Thru Liquidation Available for
Interest Fee Interest Proceeds Distribution
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
2,179,142.21 229,515.25 1,949,626.96 412,235.95 3,457,454.17
===========================================================================================================
<CAPTION>
P&I Advances at Distribution Date
-------------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
-------------------------------------------------------------------------------------
1,443,820.65 (1,443,820.65) 1,394,008.25 1,394,008.25
=====================================================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: August-00
<TABLE>
<CAPTION>
Class B Crossover Test Test Met?
--------------------------------------------------------------------------------------- ---------------
<S> <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 intitial principal balance of all Certificates
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% N
(e) Current realized loss ratio <= 3.00% Y
(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 10,794,303.70
---------------------
71,029,303.70
Divided by beginning pool
balance 275,418,305.04
---------------------
25.790% N
=====================
</TABLE>
REPORT DATE: 9/8/00
POOL REPORT # 10
Page 2 of 6
<TABLE>
<CAPTION>
Average 60 day delinquency ratio:
Over 60s Pool Balance %
------------------------------------------------------------
<S> <C> <C> <C>
Current Mo 9,355,834.62 273,978,600.47 3.41%
1st Preceding Mo 7,938,264.61 275,418,305.04 2.88%
2nd Preceding Mo 7,294,552.56 277,265,004.22 2.63%
Divided by 3
---------------
2.98%
===============
Cumulative loss ratio:
Cumulative losses 610,549.55
------------------------
Divided by Initial Certificate Principal 293,828,355.98 0.208%
===============
Current realized loss ratio:
Liquidation Pool
Losses Balance
---------------------------------------------
Current Mo 161,392.61 275,418,305.04
1st Preceding Mo 225,183.33 277,265,004.22
2nd Preceding Mo 137,367.54 278,663,842.52
---------------------------------------------
523,943.48 277,115,717.26 0.756%
================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: August-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>
Non Repos 5,340 270,342,170.63 95 3,794,628.20 51 2,211,616.96 63 3,634,366.91
Repos 85 3,636,429.84 2 126,579.09 7 246,810.39 76 3,263,040.36
-------------------------------------------------------------------------------------------------------------------------
Total 5,425 273,978,600.47 97 3,921,207.29 58 2,458,427.35 139 6,897,407.27
=========================================================================================================================
<CAPTION>
REPORT DATE: 9/8/00
POOL REPORT # 10
Page 3 of 6
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>
Non Repos 209 9,640,612.07 85 3,636,429.84 0 0.00 23 871,834.27 134 5,342,643.52
Repos 85 3,636,429.84
---------------------------------------
Total 294 13,277,041.91
=======================================
5.4% 4.85%
==================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E REPORT DATE: 9/8/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT
REPORTING MONTH: August-00 Page 4 of 6
REPOSSESSION LIQUIDATION REPORT
Liquidated
Account Customer Principal Sales Insur. Total Repossession
Number Name Balance Proceeds Refunds Proceeds Expenses
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
2027977 JUAN M RAMIREZ 37,655.36 32,850.00 1,364.41 34,214.41 6,700.50
2047645 DEBBIE RUSSELL 36,198.44 30,500.00 1,016.51 31,516.51 6,630.00
2049211 LINDA GELSTHORPE 45,436.53 45,650.00 2,089.30 47,739.30 11,394.50
2049690 JASON W BROWN 30,503.90 28,900.00 0.00 28,900.00 6,582.00
2049765 AUNDREA L SEXTON 40,291.81 42,400.00 2,288.64 44,688.64 6,987.00
2062578 LEAH M MENDOZA 32,465.99 34,422.04 1,119.96 35,542.00 6,747.66
2065555 DANIEL P HURLEY 4,233.24 0.01 545.12 545.13 1,100.00
2067098 SAMUEL D SELF JR 17,548.80 18,500.00 418.65 18,918.65 6,270.00
2068997 DENNIE REEVES 27,028.70 26,500.00 146.06 26,646.06 6,510.00
2073641 THOMAS L SWINK 24,003.49 22,000.00 1,296.83 23,296.83 6,375.00
2084598 ANTHONY PERKINS 56,061.29 54,650.00 0.00 54,650.00 11,664.50
2090645 TAMMY WILIMECK 31,668.29 32,800.00 708.62 33,508.62 6,699.00
2092609 DIANA L HOLDEN 22,850.92 23,000.00 336.19 23,336.19 6,405.00
2097848 JOHN ALVAREZ 39,415.20 37,500.00 1,515.37 39,015.37 6,840.00
2039022 TREVOR M BEECRAFT 64,818.49 55,400.00 2,688.17 58,088.17 7,377.00
**2072403 ROBERT CLARK 63,448.11 63,649.31 63,649.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-----------------------------------------------------------------------------------------
573,628.56 485,072.05 79,183.14 564,255.19 104,282.16
=========================================================================================
<CAPTION>
Net Net Current
Account Customer Liquidation Unrecov. Pass Thru Period Net Cumulative
Number Name Proceeds Advances FHA Ins Proceeds Gain/(Loss) Gain/(Loss)
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
2027977 JUAN M RAMIREZ 27,513.91 3,108.32 0.00 24,405.59 (13,249.77)
2047645 DEBBIE RUSSELL 24,886.51 4,100.94 0.00 20,785.57 (15,412.87)
2049211 LINDA GELSTHORPE 36,344.80 4,536.81 0.00 31,807.99 (13,628.54)
2049690 JASON W BROWN 22,318.00 4,600.19 0.00 17,717.81 (12,786.09)
2049765 AUNDREA L SEXTON 37,701.64 3,467.88 0.00 34,233.76 (6,058.05)
2062578 LEAH M MENDOZA 28,794.34 3,582.76 0.00 25,211.58 (7,254.41)
2065555 DANIEL P HURLEY (554.87) 1,147.79 0.00 (1,702.66) (5,935.90)
2067098 SAMUEL D SELF JR 12,648.65 2,530.30 0.00 10,118.35 (7,430.45)
2068997 DENNIE REEVES 20,136.06 1,921.05 0.00 18,215.01 (8,813.69)
2073641 THOMAS L SWINK 16,921.83 1,857.48 0.00 15,064.35 (8,939.14)
2084598 ANTHONY PERKINS 42,985.50 3,925.32 0.00 39,060.18 (17,001.11)
2090645 TAMMY WILIMECK 26,809.62 2,691.83 0.00 24,117.79 (7,550.50)
2092609 DIANA L HOLDEN 16,931.19 1,687.73 0.00 15,243.46 (7,607.46)
2097848 JOHN ALVAREZ 32,175.37 3,053.14 0.00 29,122.23 (10,292.97)
2039022 TREVOR M BEECRAFT 50,711.17 3,780.26 0.00 46,930.91 (17,887.58)
**2072403 ROBERT CLARK 63,649.31 1,745.28 61,904.03 (1,544.08)
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
-------------------------------------------------------------------------------------
459,973.03 47,737.08 0.00 412,235.95 (161,392.61) (610,549.55)
===================================================================================================
**LOAN CHARGE OFF
#DIV/0!
===================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E REPORT DATE: 9/8/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT
REPORTING MONTH: August-00 Page 5 of 6
CERTIFICATE PRINCIPAL ANALYSIS
<S> <C> <C> <C> <C> <C>
PRINCIPAL
Beginning Beginning
Senior Original Certificate Certificate Principal Shortfall Current Principal Current
Certificates Balance Balance Carry-Over Due Principal Paid
A-1 224,778,000.00 204,389,001.34 0.00 1,439,704.57 1,439,704.57
------------------------------------------------------------------------------------------------
Total Certificate Principal Bal. 224,778,000.00 204,389,001.34 0.00 1,439,704.57 1,439,704.57
================================================================================================
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 0.00 112,912.56 202,836,384.21 90.23854% 6.90734
--------------------------------------------------------------
Total Certificate Principal Bal. 0.00 112,912.56 202,836,384.21
==============================================================
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Beginning Beginning
Subordinate Original Certificate Certificate Principal Shortfall Current Principal
Certificates Balance Balance Carry-Over Due
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 10,794,303.70
-------------------------------------------------------------------------------------
Total Excluding Writedown Balances 69,050,355.98 71,029,303.70 0.00 0.00
=====================================================================================
All Certificates Excluding Writedown Balances 293,828,355.98 275,418,305.04 0.00 1,439,704.57
=====================================================================================
Accelerated
Ending Principal Current Principal Ending
Subordinate Current Shortfall Carry- Writedown/ Distribution Certificate
Certificates Principal Paid Over (Writeup) Amount Balance
M-1 0.00 0.00 0.00 18,658,000.00
M-1 Outstanding Writedown 0.00 0.00
M-2 0.00 0.00 0.00 11,166,000.00
M-2 Outstanding Writedown 0.00 0.00
B-1 0.00 0.00 0.00 13,516,000.00
B-1 Outstanding Writedown 0.00 0.00
B-2 0.00 0.00 0.00 16,895,000.00
B-2 Outstanding Writedown 0.00 0.00
Excess Asset Principal Balance (112,912.56) 10,907,216.26
------------------------------------------------------------------------------------
Total Excluding Writedown Balances 0.00 0.00 0.00 (112,912.56) 71,142,216.26
====================================================================================
All Certificates Excluding Writedown Balances 1,439,704.57 0.00 0.00 0.00 273,978,600.47
====================================================================================
Principal Paid
Subordinate Per $1,000
Certificates Pool Factor Denomination
M-1 100.00000% 0.00000
M-1 Outstanding Writedown
M-2 100.00000% 0.00000
M-2 Outstanding Writedown
B-1 100.00000% 0.00000
B-1 Outstanding Writedown
B-2 100.00000% 0.00000
B-2 Outstanding Writedown
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E REPORT DATE: 9/8/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT
REPORTING MO. MONTH August-00 Page 6 of 6
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CERTIFICATE INTEREST ANALYSIS
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
A-1 7.6080% 0.00 1,295,826.27 0.00 1,295,826.27 0.00 5.76492 2,848,443.40
----------------------------------------------------------------------------------- ---------------
Total 0.00 1,295,826.27 0.00 1,295,826.27 0.00 2,848,443.40
=================================================================================== ===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
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
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 2,428,104.66 274,305.17 0.00 0.00 2,702,409.83
R 0.00 0.00 0.00 0.00 0.00
Service Fee 1.0000% 0.00 229,515.25 0.00 229,515.25 0.00
-----------------------------------------------------------------------------------------------------------------------
Total 2,428,104.66 883,315.94 0.00 609,010.77 2,702,409.83
=======================================================================================================================
All Certificates 2,428,104.66 2,179,142.21 0.00 1,904,837.04 2,702,409.83
====================================================================================================================================
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
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 229,515.25
----------------------------------------------------------------------------------- -------------------
Total 0.00 0.00 0.00 0.00 0.00 609,010.77
=================================================================================== ===================
All Certificates 0.00 0.00 0.00 0.00 0.00 3,457,454.17
================================================================================================ ===================
Cumulative X Interest Shortfall 2,702,409.83
Cumulative Accelerated Prin. Disb. (2,081,860.28)
--------------
610,549.55
==============
</TABLE>
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