Exhibit 99.2
Report of Independent Accountants
November 28, 2000
To the Board of Directors
of Oakwood Acceptance Corporation
We have examined management's assertion about Oakwood Acceptance Corporation's
(the "Company") compliance with the minimum servicing standards identified in
the Mortgage Bankers Association of America's Uniform Single Attestation Program
for Mortgage Bankers (USAP) as of and for the year ended September 30, 2000
included in the accompanying management assertion. Management is responsible for
the Company's compliance with those minimum servicing standards. Our
responsibility is to express an opinion on management's assertion about the
entity's compliance based on our examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
minimum servicing standards and performing such other procedures, as we
considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on the Company's compliance with the minimum servicing
standards.
In our opinion, management's assertion that the Company complied with the
aforementioned minimum servicing standards as of and for the year ended
September 30, 2000 is fairly stated, in all material respects.
/s/ PricewaterhouseCoopers LLP
<PAGE>
November 28, 2000
PricewaterhouseCoopers LLP
101 Centre Port Dr., Suite 250
Greensboro, NC 27409
Ladies and Gentlemen:
As of and for the year ended September 30, 2000, Oakwood Acceptance Corporation
(the "Company") has complied in all material respects with the minimum servicing
standards set forth in the Mortgage Bankers Association of America's Uniform
Single Attestation Program for Mortgage Bankers (USAP).
As of and for this same period, the Company had in effect a fidelity bond and
errors and omissions policy in the amount of $5,500,000 each.
/s/ Duane D. Daggett /s/ Robert A. Smith
Duane D. Daggett Robert A. Smith
President Executive Vice President
/s/ Jimmy S. Griffin /s/ Suzanne H. Wood
Jimmy S. Griffin Suzanne H. Wood
Senior Vice President Vice President
/s/ Derek M. Surette /s/ Michael D. Rutherford
Derek M. Surette Michael D. Rutherford
Vice President Executive Vice President
