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Previous: OMI TRUST 2000-C, 8-K, 2000-11-17 |
Next: CONVERA CORP, S-4, 2000-11-17 |
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-C REPORT DATE: 11/7/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 2
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: Oct-00
Scheduled Principal Balance of Contracts
---------------------------------------------------------------------------------------------------------------------------------
Beginning Ending
Principal Scheduled Prepaid Liquidated Pre-Funding Principal
Balance Principal Principal Principal Balance
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
198,526,810.23 (463,548.28) (4,339,327.88) 0.00 64,416,537.52 258,140,471.59
=================================================================================================================================
<CAPTION>
Scheduled Scheduled Amount
Gross Servicing Pass Thru Liquidation Available for Total
Interest Fee Interest Proceeds Distribution Distribution
------------------------------------------------------------------------------------------------------------------------------------
2,547,510.24 215,725.05 2,331,785.19 0.00 0.00 7,350,386.40 0.00 7,350,386.40
====================================================================================================================================
</TABLE>
Pre-Funding Account
--------------------------------------------------------------------------------
Beginning Principal Principal Ending Principal
Balance Deposit Distribution Balance
--------------------------------------------------------------------------------
64,416,658.00 0.00 64,416,658.00 0.00
================================================================================
P&I Advances at Distribution Date
--------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
--------------------------------------------------------------------------------
418,177.25 -418,177.25 428,828.00 428,828.00
================================================================================
<TABLE>
<CAPTION>
Certificate Account
------------------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
3,090,263.59 4,679,234.37 1,597,244.80 (5,573,124.40) 12,758.05 3,806,376.41
====================================================================================================================================
</TABLE>
Capitalized Interest Account
--------------------------------------------------------------------------------
Beginning Ending
Balance Deposit Withdraw Balance
--------------------------------------------------------------------------------
788,451.61 0.00 0.00 788,451.61
================================================================================
<PAGE>
REPORT DATE: 11/7/00
OAKWOOD MORTGAGE INVESTORS, INC. 2000-C POOL REPORT # 2
OAKWOOD ACCEPTANCE CORP. - SERVICER Page 2 of 6
REMITTANCE REPORT
REPORTING MONTH: October-00
<TABLE>
<CAPTION>
Class B Crossover Test Test Met?
----------------------------------------------------------------- ---------
<S> <C> <C> <C>
(a) Remittance date on or after April 2005 N
(b) Average 60 day Delinquency rate <= 5.5% #DIV/0!
(d) Cumulative losses do not exceed the following
percent of the intitial principal balance of all Certificates
Apr. 2005 - Sept. 2006 7% N
Oct. 2006 - Sept. 2007 8% N
Oct. 2007 - Mar. 2009 9.5% N
April 2009 and After 10.5% N
(e) Current realized loss ratio <= 3.00% Y
(f) Does subordinated cert. percentage equal or
exceed 56.840%
of stated scheduled pool balance
Beginning M balances 41,323,000.00
Beginning B balances 27,993,000.00
Overcollateralization 7,997,938.14
---------------
77,313,938.14
Divided by beginning pool
balance 198,526,810.23
---------------
38.944% N
===============
<CAPTION>
Average 60 day delinquency ratio:
<C> <C> <C> <C>
Over 60s Pool Balance %
------------------------------------------------------
Current Mo 368,873.43 258,140,471.59 0.14%
1st Preceding Mo 90,897.15 198,526,810.23 0.05%
2nd Preceding Mo 0.00 0.00 #DIV/0!
Divided by 3
------------
#DIV/0!
============
Cumulative loss ratio:
Cumulative losses 0.00
-----------------------
Divided by Initial Certificate Principal 266,597,938.14 0.000%
============
Current realized loss ratio:
Liquidation Pool
Losses Balance
----------------------------------
Current Mo 0.00 198,526,810.23
1st Preceding Mo 0.00 202,181,280.46
2nd Preceding Mo 0.00 0.00
----------------------------------
0.00 133,569,363.56
0.000%
============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-C
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT REPORT DATE: 11/7/00
REPORTING MONTH: Oct-00 POOL REPORT # 2
Page 3 of 6
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> <C>
Excluding Repos 7,277 257,957,821.82 96 2,196,435.44 14 320,973.61 0 0.00
Repos 7 182,649.77 4 134,749.95 2 20,509.74 1 27,390.08
---------------------------------------------------------------------------------------------------------------
Total 7,284 258,140,471.59 100 2,331,185.39 16 341,483.35 1 27,390.08
===============================================================================================================
<CAPTION>
Repossession Analysis
Active Repos Reversal Current Month Cumulative
Total Delinq. Outstanding (Redemption) Repos Repos
Principal Principal Principal Principal Principal
# Balance # Balance # Balance # Balance # Balance
---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Excluding Repos 110 2,517,409.05 7 182,649.77 0 0.00 7 182,649.77 7 182,649.77
Repos 7 182,649.77
------------------------
Total 117 2,700,058.82
========================
1.6% 1.05%
========================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-C
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Oct-00 REPORT DATE: 11/7/00
POOL REPORT # 2
REPOSSESSION LIQUIDATION REPORT
Page 4 of 6
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>
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
---------------------------------------------------------------------------------------------------------------
0.00 0.00 0.00 0.00 0.00 0.00 0.00
===============================================================================================================
<CAPTION>
Net Current
FHA Insurance Pass Thru Period Net Cumulative
Coverage Proceeds Gain/(Loss) Gain/(Loss)
--------------------------------------------------------------------
<S> <C> <C> <C>
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
------------------------------------------------
0.00 0.00 0.00 0.00
==================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-C REPORT DATE: 11/7/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 2
REMITTANCE REPORT
REPORTING MONTH: Oct-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
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 189,284,000.00 185,623,611.32 0.00 4,802,876.16 4,802,876.16
-----------------------------------------------------------------------------------------------------
Total Certificate Principal
Bal. 189,284,000.00 185,623,611.32 0.00 4,802,876.16 4,802,876.16
=====================================================================================================
<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 0.00 602,794.79 180,217,940.37 95.21034% 28.55852
-----------------------------------------------------------
Total Certificate Principal
Bal. 0.00 602,794.79 180,217,940.37
===========================================================
Beginning Beginning
Subordinate Original Certificate Certificate Principal Shortfall Current Principal Current
Certificates Balance Balance Carry-Over Due Principal Paid
-----------------------------------------------------------------------------------------------------
M-1 26,660,000.00 26,660,000.00 0.00 0.00 0.00
M-1 Outstanding Writedown 0.00
M-2 14,663,000.00 14,663,000.00 0.00 0.00 0.00
M-2 Outstanding Writedown 0.00
B-1 13,330,000.00 13,330,000.00 0.00 0.00 0.00
B-1 Outstanding Writedown 0.00
B-2 14,663,000.00 14,663,000.00 0.00 0.00 0.00
B-2 Outstanding Writedown 0.00
Excess Asset Principal
Balance 7,997,938.14 8,003,856.91
-----------------------------------------------------------------------------------------------------
Total Excluding Writedown
Balances 77,313,938.14 77,319,856.91 0.00 0.00 0.00
=====================================================================================================
All Certificates Excluding
Writedown Balances 266,597,938.14 262,943,468.23 0.00 4,802,876.16 4,802,876.16
=====================================================================================================
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
-------------------------------------------------------------------------
M-1 0.00 0.00 26,660,000.00 100.00000% 0.00000
M-1 Outstanding Writedown 0.00 0.00
M-2 0.00 0.00 14,663,000.00 100.00000% 0.00000
M-2 Outstanding Writedown 0.00 0.00
B-1 0.00 0.00 13,330,000.00 100.00000% 0.00000
B-1 Outstanding Writedown 0.00 0.00
B-2 0.00 0.00 14,663,000.00 100.00000% 0.00000
B-2 Outstanding Writedown 0.00 0.00
Excess Asset Principal
Balance (602,674.31) 8,606,531.22
-----------------------------------------------------------------------------------------------------
Total Excluding Writedown
Balances 0.00 0.00 (602,674.31) 77,922,531.22
=========================================================================
All Certificates Excluding
Writedown Balances 0.00 0.00 120.48 258,140,471.59
=========================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-C REPORT DATE: 11/7/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 2
REMITTANCE REPORT
REPORTING MO. MONTH Oct-00 Page 6 of 6
CERTIFICATE INTEREST ANALYSIS
Current
Pass Beginning Carry- Carry-Over Ending
Senior Through Over Priority Current Priority Priority Interest Carry-Over
Certificates Rate Interest Balance Interest Accrual Accrual Paid Balance
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 7.7200% 0.00 1,194,178.57 0.00 1,194,178.57 0.00
-------------------------------------------------------------------------------------------------------
Total 0.00 1,194,178.57 0.00 1,194,178.57 0.00
=======================================================================================================
<CAPTION>
Interest
Paid Per
Senior 1000 Total Class
Certificates Denomination Distribution
-----------------------------------------
<S> <C> <C>
A-1 6.30893 6,599,849.52
----------------------
Total 6,599,849.52
======================
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 8.4900% 0.00 188,619.50 0.00 188,619.50 0.00
M-2 8.9000% 0.00 108,750.58 0.00 108,750.58 0.00
B-1 9.4200% 0.00 104,640.50 0.00 104,640.50 0.00
B-2 10.5000% 0.00 128,301.25 0.00 128,301.25 0.00
X 5,918.77 602,794.79 0.00 0.00 608,713.56
R 0.00 0.00 0.00 0.00 0.00
Service Fee 1.0000% 0.00 215,725.05 0.00 215,725.05 0.00
Current Trustee
Fees 4,500.00
-------------------------------------------------------------------------------------------------------
Total 5,918.77 1,348,831.67 0.00 750,536.88 608,713.56
=======================================================================================================
All Certificates 5,918.77 2,543,010.24 0.00 1,944,715.45 608,713.56
=======================================================================================================
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
----------------------------------------------------------------------------------------------------------------
M-1 0.00 0.00 0.00 0.00 0.00 7.07500 188,619.50
M-2 0.00 0.00 0.00 0.00 0.00 7.41667 108,750.58
B-1 0.00 0.00 0.00 0.00 0.00 7.85000 104,640.50
B-2 0.00 0.00 0.00 0.00 0.00 8.75000 128,301.25
X 0.00
R 0.00
Service Fee 215,725.05
Current Trustee
Fees 4,500.00
-------------------------------------------------------------------------------- ---------------
Total 0.00 0.00 0.00 0.00 0.00 750,536.88
================================================================================ ===============
All Certificates 0.00 0.00 0.00 0.00 0.00 7,350,386.40
=================================================================================== ===============
Cumulative X Interest Shortfall 608,713.56
Cumulative Accelerated Prin. Disb. (608,593.08)
</TABLE>
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