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Previous: OAKWOOD MORTGAGE INVESTORS INC OMI TRUST 2000-B, 8-K, 2000-10-18 |
Next: COR DEVELOPMENT LLC, SB-2/A, 2000-10-18 |
OAKWOOD MORTGAGE INVESTORS, INC. 2000-B
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Sep-00
<TABLE>
<CAPTION>
Scheduled Principal Balance of Contracts
-----------------------------------------------------------------------------------------
Beginning Ending Scheduled Scheduled
Principal Scheduled Prepaid Liquidated Contracts Principal Gross Servicing Pass Thru
Balance Principal Principal Principal Repurchased Balance Interest Fee Interest
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
346,691,788.04 (421,009.37) (3,185,264.93) (60,622.72) 0.00 343,024,891.02 3,326,990.10 288,909.82 3,038,080.28
===================================================================================================================================
<CAPTION>
Amount
Liquidation Reserve Available for Limited Total
Proceeds Fund Draw Distribution Guarantee Distribution
---------------------------------------------------------------------------
<S> <C> <C> <C> <C>
54,809.39 0.00 6,988,073.79 0.00 6,988,073.79
===========================================================================
</TABLE>
<TABLE>
<CAPTION>
Certificate Account
--------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
5,230,630.57 3,636,306.90 3,005,246.31 (8,962,507.00) 15,653.57 2,925,330.35
==================================================================================================
</TABLE>
<TABLE>
<CAPTION>
P&I Advances at Distribution Date
------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
------------------------------------------------------------------
<S> <C> <C> <C>
1,321,733.23 -1,321,733.23 1,640,102.74 1,640,102.74
==================================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-B
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: September-00
<TABLE>
<CAPTION>
Class B Crossover Test Test Met?
-------------------------------------------------------------------------- ---------------
<S> <C> <C> <C>
(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 346,691,788.04
---------------------
19.989% N
=====================
</TABLE>
Average 60 day delinquency ratio:
<TABLE>
<CAPTION>
Over 60s Pool Balance %
-------------------------------------------------------
<S> <C> <C> <C>
Current Mo 5,856,132.99 343,024,891.02 1.71%
1st Preceding Mo 3,248,889.97 346,691,788.04 0.94%
2nd Preceding Mo 1,048,134.69 352,250,251.74 0.00%
Divided by 3
-------------
0.88%
=============
Cumulative loss ratio:
Cumulative losses 6,461.16
----------------
Divided by Initial Certificate Principal 360,000,000.00 0.002%
===========
</TABLE>
Current realized loss ratio:
<TABLE>
<CAPTION>
Liquidation Pool
Losses Balance
----------------------------------
<S> <C> <C>
Current Mo 5,813.33 346,691,788.04
1st Preceding Mo 0.00 352,250,251.74
2nd Preceding Mo 647.83 356,290,216.48
----------------------------------
6,461.16 351,744,085.42
0.007%
===========
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-B
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Sep-00
<TABLE>
<CAPTION>
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
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Excluding Repos 8,363 341,132,642.45 231 8,240,011.54 65 2,641,259.91 40 1,445,821.99 336 12,327,093.44
Repos 56 1,892,248.57 3 123,197.48 23 739,632.07 30 1,029,419.02 56 1,892,248.57
-------------------------------------------------------------------------------------------------------------------
Total 8,419 343,024,891.02 234 8,363,209.02 88 3,380,891.98 70 2,475,241.01 392 14,219,342.01
===================================================================================================================
4.7% 4.15%
=======================
<CAPTION>
Repossession Analysis
Active Repos Reversal Current Month
Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal
# Balance # Balance # Balance # Balance
-------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Excluding Repos 56 1,892,248.57 0 0.00 34 1,150,048.43 56 1,892,742.26
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-B
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Sep-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>
*2189959 LESLIE HICKEY 21,942.77 0.00 20,800.00 20,800.00 0.00 20,800.00 975.87
*2210409 HERBERT MUSE 38,679.95 0.00 44,778.00 44,778.00 0.00 44,778.00 9,792.74
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------
60,622.72 0.00 65,578.00 65,578.00 0.00 65,578.00 10,768.61
==========================================================================================
<CAPTION>
Net Current
Account Customer FHA Insurance Pass Thru Period Net Cumulative
Number Name Coverage Proceeds Gain/(Loss) Gain/(Loss)
--------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
*2189959 LESLIE HICKEY 0.00 19,824.13 (2,118.64)
*2210409 HERBERT MUSE 0.00 34,985.26 (3,694.69)
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
--------------------------------------------
0.00 54,809.39 (5,813.33) (6,461.16)
=========================================================
</TABLE>
*LOAN CHARGE OFF
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-B
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Sep-00
CERTIFICATE PRINCIPAL ANALYSIS
<TABLE>
<CAPTION>
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-1 290,700,000.00 276,096,424.88 0.00 3,666,897.02 3,666,897.02
--------------------------------------------------------------------------------------------
Total Certificate
Principal Bal. 290,700,000.00 276,096,424.88 0.00 3,666,897.02 3,666,897.02
============================================================================================
<CAPTION>
PRINCIPAL
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 0.00 741,289.56 271,688,238.30 93.46001% 15.16404
-------------------------------------------------------------
Total Certificate
Principal Bal. 0.00 741,289.56 271,688,238.30
=============================================================
</TABLE>
<TABLE>
<CAPTION>
Beginning Ending
Original Beginning Principal Current Current Principal
Subordinate Certificate Certificate Shortfall Principal Principal Shortfall
Certificates Balance Balance Carry-Over Due Paid Carry-Over
-------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
M-1 21,600,000.00 21,600,000.00 0.00 0.00 0.00 0.00
M-1 Outstanding Writedown 0.00
B-1 18,900,000.00 18,900,000.00 0.00 0.00 0.00 0.00
B-1 Outstanding Writedown 0.00
B-2 16,200,000.00 16,200,000.00 0.00 0.00 0.00 0.00
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 12,600,000.00 13,895,363.16
-------------------------------------------------------------------------------------
Total Excluding Writedown Balances 69,300,000.00 70,595,363.16 0.00 0.00 0.00 0.00
=====================================================================================
All Certificates Excluding Writedown Balances 360,000,000.00 346,691,788.04 0.00 3,666,897.02 3,666,897.02 0.00
=====================================================================================
<CAPTION>
Accelerated
Current Principal Ending Principal Paid
Subordinate Writedown/ Distribution Certificate Per $1,000
Certificates (Writeup) Amount Balance Pool Factor Denomination
------------------------------------------
<S> <C> <C> <C> <C>
M-1 0.00 21,600,000.00 100.00000% 0.00000
M-1 Outstanding Writedown 0.00 0.00
B-1 0.00 18,900,000.00 100.00000% 0.00000
B-1 Outstanding Writedown 0.00 0.00
B-2 0.00 16,200,000.00 100.00000% 0.00000
B-2 Outstanding Writedown 0.00 0.00
Excess Asset Principal Balance (741,289.56) 14,636,652.72
---------------------------------------------------------------------------
Total Excluding Writedown Balances 0.00 (741,289.56) 71,336,652.72
===========================================
All Certificates Excluding Writedown Balances 0.00 0.00 343,024,891.02
===========================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-B
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MO. MONTH Sep-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 1000 Total Class
Certificates Rate Interest Balance Interest Accrual Accrual Paid Balance Denomination Distribution
----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 8.1500% 0.00 1,875,154.89 0.00 1,875,154.89 0.00 6.45048 6,283,341.47
-------------------------------------------------------------------------------- ------------
Total 0.00 1,875,154.89 0.00 1,875,154.89 0.00 6,283,341.47
================================================================================ ============
</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 8.7200% 0.00 156,960.00 0.00 156,960.00 0.00
B-1 9.1500% 0.00 144,112.50 0.00 144,112.50 0.00
B-2 8.5000% 0.00 114,750.00 0.00 114,750.00 0.00
X 1,296,010.99 747,102.89 0.00 0.00 2,043,113.88
R 0.00 0.00 0.00 0.00 0.00
Service Fee 1.0000% 0.00 288,909.82 0.00 288,909.82 0.00
--------------------------------------------------------------------------------------------------
Total 1,296,010.99 1,451,835.21 0.00 704,732.32 2,043,113.88
==================================================================================================
All Certificates 1,296,010.99 3,326,990.10 0.00 2,579,887.21 2,043,113.88
==================================================================================================
<CAPTION>
Beginning Current Ending Interest
Carry-Over Current Carry-Over Carry-Over Paid Per
Subordinate Writedown Writedown Writedown Writedown Writedown 1000 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 7.26667 156,960.00
B-1 0.00 0.00 0.00 0.00 0.00 7.62500 144,112.50
B-2 0.00 0.00 0.00 0.00 0.00 7.08333 114,750.00
X 0.00
R 0.00
Service Fee 288,909.82
------------------------------------------------------------------------ --------------------
Total 0.00 0.00 0.00 0.00 0.00 704,732.32
======================================================================== ====================
All Certificates 0.00 0.00 0.00 0.00 0.00 6,988,073.79
======================================================================== ====================
Cumulative X Interest Shortfall 2,043,113.88
Cumulative Accelerated Prin. Disb. (2,036,652.72)
-------------------
6,461.16
===================
</TABLE>
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