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OAKWOOD MORTGAGE INVESTORS, INC. 1999-E REPORT DATE: 7/10/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 8
REMITTANCE REPORT
REPORTING MONTH: June-00 Page 1 of 6
<TABLE>
<CAPTION>
<S> <C>
Scheduled Principal Balance of Contracts
--------------------------------------------------------------------------------------------------------------------------
Beginning Ending
Principal Scheduled Prepaid Liquidated Contracts Principal
Balance Principal Principal Principal Repurchased Balance
--------------------------------------------------------------------------------------------------------------------------
278,663,842.52 (281,769.95) (759,857.02) (357,211.33) 0.00 277,265,004.22
==========================================================================================================================
Scheduled Scheduled Amount
Gross Servicing Pass Thru Liquidation Available for
Interest Fee Interest Proceeds Distribution
------------------------------------------------------------------------------------------------------------
2,199,940.06 232,219.87 1,967,720.19 219,843.79 3,461,410.82
============================================================================================================
Certificate Account
------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
------------------------------------------------------------------------------------------------------------------------
759,481.01 1,386,560.63 2,116,152.07 (3,370,189.59) 3,243.41 895,247.53
========================================================================================================================
P&I Advances at Distribution Date
-------------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
-------------------------------------------------------------------------------------
1,162,945.30 (1,138,232.73) 1,010,349.50 1,035,062.07
=====================================================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E REPORT DATE: 7/10/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 8
REMITTANCE REPORT
REPORTING MONTH: June-00 Page 2 of 6
<TABLE>
<CAPTION>
Class B Crossover Test Test Met?
---------------------------------------------------------------------------- -----------
<S> <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 10,615,654.04
----------------
70,850,654.04
Divided by beginning pool
balance 278,663,842.52
----------------
25.425% N
================
Average 60 day delinquency ratio:
Over 60s Pool Balance %
-----------------------------------------------------
Current Mo 7,294,552.56 277,265,004.22 2.63%
1st Preceding Mo 5,625,878.42 278,663,842.52 2.02%
2nd Preceding Mo 4,579,362.03 279,820,985.88 1.64%
Divided by 3
------
2.10%
======
Cumulative loss ratio:
Cumulative losses 223,973.61
------------------------
Divided by Initial Certificate Principal 293,828,355.98 0.76%
======
Current realized loss ratio:
Liquidation Pool
Losses Balance
---------------------------------------------
Current Mo 137,367.54 278,663,842.52
1st Preceding Mo 30,451.80 279,820,985.88
2nd Preceding Mo 49,809.67 281,371,435.79
---------------------------------------------
217,629.01 279,952,088.06
0.311%
=======
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E REPORT DATE: 7/10/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 8
REMITTANCE REPORT
REPORTING MONTH: June-00 Page 3 of 6
<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>
Non Repos 5,415 274,244,356.82 83 3,344,927.23 49 2,235,884.17 39 2,098,372.01
Repos 75 3,020,647.40 1 60,351.02 9 355,077.02 65 2,605,219.36
-------------------------------------------------------------------------------------------------------------
Total 5,490 277,265,004.22 84 3,405,278.25 58 2,590,961.19 104 4,703,591.37
=============================================================================================================
Repossession Analysis
Active Repos Reversal Current Month
Total Delinq. Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal Principal
# Balance # Balance # Balance # Balance # Balance
------------------------------------------------------------------------------------------------------------------------------------
Non Repos 171 7,679,183.41 75 3,020,647.40 0 0.00 31 1,390,571.29 91 3,650,174.97
Repos 75 3,020,647.40
---------------------------
Total 246 10,699,830.81
===========================
4.5% 3.86%
===========================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E REPORT DATE: 7/10/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 8
REMITTANCE REPORT
REPORTING MONTH: June-00 Page 4 of 6
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>
2041770 JAMES L MILLER 49,360.59 46,900.00 0.00 46,900.00 10,437.00 36,463.00
2045334 MYRON K FLEMING 25,354.13 24,800.00 800.43 25,600.43 6,419.00 19,181.43
2050946 MICHAEL T BREEDEN 38,886.86 39,900.00 549.12 40,449.12 6,872.00 33,577.12
2053726 WALT E HETMEYER 48,332.15 36,500.00 2,035.33 38,535.33 6,770.00 31,765.33
2054435 ERIC BENNETT 34,773.91 34,500.00 1,558.82 36,058.82 6,710.00 29,348.82
2055838 BICHNGUYEN PARKER 24,904.70 24,000.00 787.07 24,787.07 6,395.00 18,392.07
2059327 TAMMY BROCK 21,966.84 25,400.00 270.13 25,670.13 6,437.00 19,233.13
2065506 STEPHEN R WILLIS 74,163.73 47,580.00 4,597.61 52,177.61 10,457.40 41,720.21
2073732 RONNIE S MANIGULT 22,405.73 22,000.00 330.63 22,330.63 6,335.00 15,995.63
2077998 HOWARD I MILLER 17,062.69 4,500.00 296.21 4,796.21 1,100.00 3,696.21
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
----------------------------------------------------------------------------------------------------
357,211.33 306,080.00 11,225.35 317,305.35 67,932.40 249,372.95
====================================================================================================
Net Current
Account Unrecov. Pass Thru Period Net Cumulative
Number Name Advances FHA Ins Proceeds Gain/(Loss) Gain/(Loss)
------------------------------------------------------------------------------------------------------------------------
2041770 JAMES L MILLER 4,224.80 0.00 32,238.20 (17,122.39)
2045334 MYRON K FLEMING 2,262.91 0.00 16,918.52 (8,435.61)
2050946 MICHAEL T BREEDEN 3,114.39 0.00 30,462.73 (8,424.13)
2053726 WALT E HETMEYER 3,568.22 0.00 28,197.11 (20,135.04)
2054435 ERIC BENNETT 2,561.59 0.00 26,787.23 (7,986.68)
2055838 BICHNGUYEN PARKER 1,783.12 0.00 16,608.95 (8,295.75)
2059327 TAMMY BROCK 2,824.79 0.00 16,408.34 (5,558.50)
2065506 STEPHEN R WILLIS 5,301.73 0.00 36,418.48 (37,745.25)
2073732 RONNIE S MANIGULT 2,231.96 0.00 13,763.67 (8,642.06)
2077998 HOWARD I MILLER 1,655.65 0.00 2,040.56 (15,022.13)
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
---------------------------------------------------------------------------------
29,529.16 0.00 219,843.79 (137,367.54) (223,973.61)
=================================================================================
#DIV/0!
=============
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E REPORT DATE: 7/10/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 8
REMITTANCE REPORT
REPORTING MONTH: June-00 Page 5 of 6
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-1 224,778,000.00 207,813,188.48 0.00 1,398,838.30 1,398,838.30
----------------------------------------------------------------------------------------------
Total Certificate Principal Bal. 224,778,000.00 207,813,188.48 0.00 1,398,838.30 1,398,838.30
==============================================================================================
</TABLE>
<TABLE>
<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 0.00 133,321.52 206,281,028.66 91.77100% 6.81632
------------------------------------------------------------
Total Certificate Principal Bal. 0.00 133,321.52 206,281,028.66
============================================================
</TABLE>
<TABLE>
<CAPTION>
Beginning Beginning
Subordinate Original Certificate Certificate Principal Shortfall Current Principal Current
Certificates Balance Balance Carry-Over Due Principal Paid
<S> <C> <C> <C> <C> <C>
M-1 18,658,000.00 18,658,000.00 0.00 0.00 0.00
M-1 Outstanding Writedown 0.00
M-2 11,166,000.00 11,166,000.00 0.00 0.00 0.00
M-2 Outstanding Writedown 0.00
B-1 13,516,000.00 13,516,000.00 0.00 0.00 0.00
B-1 Outstanding Writedown 0.00
B-2 16,895,000.00 16,895,000.00 0.00 0.00 0.00
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 8,815,355.98 10,615,654.04
------------------------------------------------------------------------------------------------
Total Excluding Writedown Balances 69,050,355.98 70,850,654.04 0.00 0.00 0.00
================================================================================================
All Certificates Excluding
Writedown Balances 293,828,355.98 278,663,842.52 0.00 1,398,838.30 1,398,838.30
================================================================================================
</TABLE>
<TABLE>
<CAPTION>
Accelerated
Ending Principal Current Principal Ending Principal Paid
Subordinate Shortfall Carry- Writedown/ Distribution Certificate Per $1,000
Certificates Over (Writeup) Amount Balance Pool Factor Denomination
<S> <C> <C> <C> <C> <C>
M-1 0.00 0.00 18,658,000.00 100.00000% 0.00000
M-1 Outstanding Writedown 0.00 0.00
M-2 0.00 0.00 11,166,000.00 100.00000% 0.00000
M-2 Outstanding Writedown 0.00 0.00
B-1 0.00 0.00 13,516,000.00 100.00000% 0.00000
B-1 Outstanding Writedown 0.00 0.00
B-2 0.00 0.00 16,895,000.00 100.00000% 0.00000
B-2 Outstanding Writedown 0.00 0.00
Excess Asset Principal Balance (133,321.52) 10,748,975.56
-------------------------------------------------------------------
Total Excluding Writedown Balances 0.00 0.00 (133,321.52) 70,983,975.56
===================================================================
All Certificates Excluding
Writedown Balances 0.00 0.00 0.00 277,265,004.22
====================================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 1999-E REPORT DATE: 7/10/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 8
REMITTANCE REPORT
REPORTING MONTH: June-00 Page 6 of 6
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 1,317,535.61 0.00 1,317,535.61 0.00 5.86150 2,849,695.43
------------------------------------------------------------------- ------------
Total 0.00 1,317,535.61 0.00 1,317,535.61 0.00 2,849,695.43
=================================================================== ============
</TABLE>
<TABLE>
<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 1,886,904.13 270,689.06 0.00 0.00 2,157,593.19
R 0.00 0.00 0.00 0.00 0.00
Service Fee 1.0000% 0.00 232,219.87 0.00 232,219.87 0.00
------------------------------------------------------------------------------------------------------------------
Total 1,886,904.13 882,404.45 0.00 611,715.39 2,157,593.19
==================================================================================================================
All Certificates 1,886,904.13 2,199,940.06 0.00 1,929,251.00 2,157,593.19
==================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
Beginning Current Ending Interest
Carry-Over Current Carry-Over Carry-Over Paid Per
Subordinate Writedown Writedown Writedown Writedown Writedown $1,000
Certificates Int. Balance Int. Accrued Int. Accrued Interest Paid Int. Balance Denomination
<S> <C> <C> <C> <C> <C> <C>
M-1 0.00 0.00 0.00 0.00 0.00 6.91417
M-2 0.00 0.00 0.00 0.00 0.00 7.00000
B-1 0.00 0.00 0.00 0.00 0.00 6.50000
B-2 0.00 0.00 0.00 0.00 0.00 5.00000
X
R
Service Fee
-----------------------------------------------------------------------------------------------
Total 0.00 0.00 0.00 0.00 0.00
===============================================================================================
All Certificates 0.00 0.00 0.00 0.00 0.00
===============================================================================================
</TABLE>
<TABLE>
<CAPTION>
Subordinate Total Class
Certificates Distribution
<S> <C>
M-1 129,004.52
M-2 78,162.00
B-1 87,854.00
B-2 84,475.00
X 0.00
R 0.00
Service Fee 232,219.87
---------------------
Total 611,715.39
=====================
All Certificates 3,461,410.82
=====================
Cumulative X Interest Shortfall 2,157,593.19
Cumulative Accelerated Prin. Disb. (1,933,619.58)
---------------------
223,973.61
=====================
</TABLE>
|
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