<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 16, 1996.
Oakwood Mortgage Investors, Inc.
(Exact name of registrant as specified in charter)
North Carolina 33-99320 56-1886793
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2225 South Holden Road, Greensboro, North Carolina 27407
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (910) 855-2400
-------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events.
On October 18, 1996, the Registrant expects to enter into an
underwriting agreement with CS First Boston Corporation and Goldman, Sachs & Co.
(the "Underwriters"), pursuant to which the Underwriters will agree to purchase
and offer for sale to the public $232,879,000 aggregate initial principal
amount of the Registrant's Senior/Subordinated Pass-Through Certificates,
Series 1996-C, Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class
A-6 (the "Offered Securities"). The Offered Securities are registered for sale
under the Registrant's effective shelf Registration Statement on Form S-3
(33-99320), and will be offered pursuant to a Prospectus, to be dated
October 18, 1996, and a related Prospectus Supplement, dated October 18, 1996,
to be filed with the Securities and Exchange Commission pursuant to the
Securities Act of 1933, as amended and Rule 424 thereunder.
In connection with the offering of the Offered Securities, the
Underwriters have prepared and disseminated to potential purchasers certain
"Computational Materials" and/or "Structural Terms Sheet(s)," as such terms are
defined in the No-Action response letters to Kidder, Peabody and Co.
Incorporated and certain affiliates thereof (publicly available, May 20, 1994)
and the No-Action response letter to Cleary, Gottlieb, Steen & Hamilton on
behalf of the Public Securities Association (publicly available, February 17,
1995), respectively. In accordance with such No-Action Letter, the Registrant is
filing herewith such Computational Materials and/or Structural Terms Sheet(s) as
Exhibit 99.1.
Exhibits
99.1 Copy of "Computational Materials" and/or "Structural Terms
Sheet(s)" as provided by CS First Boston Corporation and
Goldman, Sachs & Co.
-2-
<PAGE>
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
October 18, 1996 OAKWOOD MORTGAGE INVESTORS,
INC.
By: /s/ Doug R. Muir
Name: Doug R. Muir
Title: Vice President
-3-
<PAGE>
INDEX TO EXHIBITS
Page
99.1 Copy of "Computational Materials"
and/or "Structural Terms Sheet(s)"
as provided by CS First Boston
Corporation and Goldman, Sachs & Co............................
-4-
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
- -------------------------------------------------------------------------
Class Original Coupon Avg. CBE 1st Last Mod.
Name Type Par % Life Yield Pay Pay Dur.
- -------------------------------------------------------------------------
TO CALL
A1 SENIOR 50,300,000 5.49 1.10 5.633 11/96 12/98 1.03
A2 SENIOR 46,970,000 6.60 3.10 6.603 12/98 12/00 2.71
A3 SENIOR 35,400,000 6.80 5.10 6.879 12/00 2/03 4.17
A4 SENIOR 20,900,000 7.10 7.10 7.189 2/03 11/04 5.39
A5 SENIOR 55,614,000 7.40 11.39 7.510 11/04 7/12 7.37
A6 AA MEZZ 23,695,000 7.80 16.43 7.910 7/12 4/13 8.94
B1 BBB SUB 25,726,000 8.00 10.71 8.109 12/01 4/13 6.71
B2 BB SUB 12,186,224 9.40 11.15 9.560 12/01 4/13 6.34
- ---------------------------
TO MATURITY
A6 AA MEZZ 23,695,000 7.80 18.73 7.910 7/12 2/19 9.48
B1 BBB SUB 25,726,000 8.00 10.81 8.109 12/01 5/15 6.74
B2 BB SUB 12,186,224 9.40 13.69 9.559 12/01 3/23 6.71
- -------------------------------------------------------------------------
(1) Data assumes a prepayment speed of 150% MHP.
(2) Coupon and price are assumed for computational materials.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
-----------------------------------------------------------------------------
A1 SENIOR
Price: 100-00 Coupon: 5.49 Original Par: 50,300,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 5.63 5.63 5.63 5.63 5.63 5.63
Average Life: 4.24 1.74 1.45 1.10 0.89 0.64
Duration: 3.59 1.59 1.35 1.03 0.84 0.61
First Prin Pay: 11/96 11/96 11/96 11/96 11/96 11/96
Last Prin Pay: 4/04 3/00 8/99 12/98 7/98 1/98
-----------------------------------------------------------------------------
A2 SENIOR
Price: 99-31+ Coupon: 6.60 Original Par: 46,970,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 6.66 6.63 6.62 6.60 6.58 6.55
Average Life: 10.26 4.90 4.11 3.10 2.49 1.81
Duration: 7.19 4.04 3.48 2.71 2.22 1.65
First Prin Pay: 4/04 3/00 8/99 12/98 7/98 1/98
Last Prin Pay: 5/09 4/03 4/02 12/00 2/00 3/99
-----------------------------------------------------------------------------
A3 SENIOR
Price: 99-26 Coupon: 6.80 Original Par: 35,400,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 6.89 6.88 6.88 6.88 6.87 6.87
Average Life: 14.07 7.86 6.67 5.10 4.05 2.88
Duration: 8.77 5.88 5.18 4.17 3.43 2.53
First Prin Pay: 5/09 4/03 4/02 12/00 2/00 3/99
Last Prin Pay: 8/12 6/06 12/04 2/03 10/01 3/00
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
-----------------------------------------------------------------------------
A4 SENIOR
Price: 99-26 Coupon: 7.10 Original Par: 20,900,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 7.20 7.19 7.19 7.19 7.19 7.18
Average Life: 16.83 10.84 9.29 7.10 5.64 3.78
Duration: 9.50 7.31 6.57 5.39 4.49 3.20
First Prin Pay: 8/12 6/06 12/04 2/03 10/01 3/00
Last Prin Pay: 7/14 11/08 4/07 11/04 3/03 12/00
-----------------------------------------------------------------------------
A5 SENIOR
Price: 99-24 Coupon: 7.40 Original Par: 55,614,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 7.51 7.51 7.51 7.51 7.51 7.51
Average Life: 19.98 15.58 14.07 11.39 9.25 6.12
Duration: 10.07 8.89 8.38 7.37 6.40 4.71
First Prin Pay: 7/14 11/08 4/07 11/04 3/03 12/00
Last Prin Pay: 3/19 3/16 2/15 7/12 1/10 1/06
- -----------------------------------------------------------------------------
A6 AA MEZZ
Price: 99-27+ Coupon: 7.80 Original Par: 23,695,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 7.91 7.91 7.91 7.91 7.91 7.90
Average Life: 22.70 19.86 18.86 16.43 13.99 10.23
Duration: 10.28 9.75 9.54 8.94 8.22 6.80
First Prin Pay: 3/19 3/16 2/15 7/12 1/10 1/06
Last Prin Pay: 7/19 9/16 9/15 4/13 11/10 3/07
---------------------------
TO MATURITY
Bond Yield: 7.91 7.91 7.91 7.91 7.91 7.91
Average Life: 24.26 21.72 20.76 18.73 16.51 12.37
Duration: 10.51 10.09 9.91 9.48 8.92 7.59
First Prin Pay: 3/19 3/16 2/15 7/12 1/10 1/06
Last Prin Pay: 10/22 9/21 12/20 2/19 8/17 1/14
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
-----------------------------------------------------------------------------
B1 BBB SUB
Price: 99-27+ Coupon: 8.00 Original Par: 25,726,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 8.12 8.11 8.11 8.11 8.11 8.10
Average Life: 19.23 14.57 13.15 10.71 9.13 7.63
Duration: 9.41 8.11 7.63 6.71 6.06 5.41
First Prin Pay: 12/10 9/04 7/03 12/01 4/01 4/01
Last Prin Pay: 7/19 9/16 9/15 4/13 11/10 3/07
---------------------------
TO MATURITY
Bond Yield: 8.12 8.11 8.11 8.11 8.11 8.10
Average Life: 19.31 14.66 13.22 10.81 9.26 7.92
Duration: 9.43 8.13 7.64 6.74 6.10 5.52
First Prin Pay: 12/10 9/04 7/03 12/01 4/01 4/01
Last Prin Pay: 2/21 5/18 5/17 5/15 5/13 5/10
-----------------------------------------------------------------------------
B2 BB SUB
Price: 99-26 Coupon: 9.40 Original Par: 12,186,224
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 9.57 9.56 9.56 9.56 9.56 9.55
Average Life: 19.42 14.87 13.51 11.15 9.48 7.71
Duration: 8.50 7.48 7.09 6.34 5.78 5.15
First Prin Pay: 12/10 9/04 7/03 12/01 4/01 4/01
Last Prin Pay: 7/19 9/16 9/15 4/13 11/10 3/07
---------------------------
TO MATURITY
Bond Yield: 9.57 9.56 9.56 9.56 9.56 9.56
Average Life: 20.58 16.79 15.64 13.69 12.37 10.78
Duration: 8.61 7.70 7.35 6.71 6.29 5.89
First Prin Pay: 12/10 9/04 7/03 12/01 4/01 4/01
Last Prin Pay: 3/23 3/23 3/23 3/23 3/23 3/23
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF CLASS A-1 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 90 73 67 55 43 20
October 15, 1998 80 42 29 5 0 0
October 15, 1999 69 10 0 0 0 0
October 15, 2000 57 0 0 0 0 0
October 15, 2001 43 0 0 0 0 0
October 15, 2002 27 0 0 0 0 0
October 15, 2003 9 0 0 0 0 0
October 15, 2004 0 0 0 0 0 0
October 15, 2005 0 0 0 0 0 0
October 15, 2006 0 0 0 0 0 0
October 15, 2007 0 0 0 0 0 0
October 15, 2008 0 0 0 0 0 0
October 15, 2009 0 0 0 0 0 0
October 15, 2010 0 0 0 0 0 0
October 15, 2011 0 0 0 0 0 0
October 15, 2012 0 0 0 0 0 0
October 15, 2013 0 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 4.2 1.7 1.5 1.1 0.9 0.6
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF CLASS A-2 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 80 31
October 15, 1999 100 100 91 53 18 0
October 15, 2000 100 78 53 6 0 0
October 15, 2001 100 46 17 0 0 0
October 15, 2002 100 14 0 0 0 0
October 15, 2003 100 0 0 0 0 0
October 15, 2004 91 0 0 0 0 0
October 15, 2005 75 0 0 0 0 0
October 15, 2006 57 0 0 0 0 0
October 15, 2007 37 0 0 0 0 0
October 15, 2008 14 0 0 0 0 0
October 15, 2009 0 0 0 0 0 0
October 15, 2010 0 0 0 0 0 0
October 15, 2011 0 0 0 0 0 0
October 15, 2012 0 0 0 0 0 0
October 15, 2013 0 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 10.3 4.9 4.1 3.1 2.5 1.8
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF CLASS A-3 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 36
October 15, 2000 100 100 100 100 51 0
October 15, 2001 100 100 100 50 0 0
October 15, 2002 100 100 75 9 0 0
October 15, 2003 100 77 34 0 0 0
October 15, 2004 100 41 4 0 0 0
October 15, 2005 100 15 0 0 0 0
October 15, 2006 100 0 0 0 0 0
October 15, 2007 100 0 0 0 0 0
October 15, 2008 100 0 0 0 0 0
October 15, 2009 85 0 0 0 0 0
October 15, 2010 47 0 0 0 0 0
October 15, 2011 21 0 0 0 0 0
October 15, 2012 0 0 0 0 0 0
October 15, 2013 0 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 14.1 7.9 6.7 5.1 4.1 2.9
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF CLASS A-4 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 17
October 15, 2001 100 100 100 100 94 0
October 15, 2002 100 100 100 100 23 0
October 15, 2003 100 100 100 54 0 0
October 15, 2004 100 100 100 0 0 0
October 15, 2005 100 100 62 0 0 0
October 15, 2006 100 84 19 0 0 0
October 15, 2007 100 42 0 0 0 0
October 15, 2008 100 1 0 0 0 0
October 15, 2009 100 0 0 0 0 0
October 15, 2010 100 0 0 0 0 0
October 15, 2011 100 0 0 0 0 0
October 15, 2012 91 0 0 0 0 0
October 15, 2013 41 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 16.8 10.8 9.3 7.1 5.6 3.8
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF CLASS A-5 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 100 71
October 15, 2002 100 100 100 100 100 47
October 15, 2003 100 100 100 100 86 28
October 15, 2004 100 100 100 100 66 13
October 15, 2005 100 100 100 83 50 2
October 15, 2006 100 100 100 67 35 0
October 15, 2007 100 100 91 52 23 0
October 15, 2008 100 100 76 39 12 0
October 15, 2009 100 85 62 27 2 0
October 15, 2010 100 69 48 15 0 0
October 15, 2011 100 56 36 6 0 0
October 15, 2012 100 43 25 0 0 0
October 15, 2013 100 31 14 0 0 0
October 15, 2014 94 18 3 0 0 0
October 15, 2015 71 5 0 0 0 0
October 15, 2016 46 0 0 0 0 0
October 15, 2017 28 0 0 0 0 0
October 15, 2018 8 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 20.0 15.6 14.1 11.4 9.3 6.1
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF CLASS A-6 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 100 100
October 15, 2002 100 100 100 100 100 100
October 15, 2003 100 100 100 100 100 100
October 15, 2004 100 100 100 100 100 100
October 15, 2005 100 100 100 100 100 100
October 15, 2006 100 100 100 100 100 82
October 15, 2007 100 100 100 100 100 64
October 15, 2008 100 100 100 100 100 50
October 15, 2009 100 100 100 100 100 38
October 15, 2010 100 100 100 100 85 27
October 15, 2011 100 100 100 100 69 16
October 15, 2012 100 100 100 95 55 8
October 15, 2013 100 100 100 77 42 1
October 15, 2014 100 100 100 61 28 0
October 15, 2015 100 100 84 44 15 0
October 15, 2016 100 84 62 26 5 0
October 15, 2017 100 64 44 14 0 0
October 15, 2018 100 41 24 3 0 0
October 15, 2019 80 20 9 0 0 0
October 15, 2020 59 9 1 0 0 0
October 15, 2021 31 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 24.3 21.7 20.8 18.7 16.5 12.4
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF CLASS B-1 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 91 88
October 15, 2002 100 100 100 89 78 69
October 15, 2003 100 100 97 78 66 55
October 15, 2004 100 99 87 68 56 43
October 15, 2005 100 91 79 60 47 34
October 15, 2006 100 83 72 52 40 24
October 15, 2007 100 76 64 45 34 15
October 15, 2008 100 68 57 39 25 8
October 15, 2009 100 61 50 33 18 3
October 15, 2010 100 54 43 25 12 0
October 15, 2011 93 47 37 19 6 0
October 15, 2012 85 41 32 13 2 0
October 15, 2013 76 35 24 7 0 0
October 15, 2014 66 27 17 2 0 0
October 15, 2015 54 18 9 0 0 0
October 15, 2016 42 9 3 0 0 0
October 15, 2017 34 3 0 0 0 0
October 15, 2018 20 0 0 0 0 0
October 15, 2019 8 0 0 0 0 0
October 15, 2020 2 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 19.3 14.7 13.2 10.8 9.3 7.9
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF CLASS B-2 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 91 88
October 15, 2002 100 100 100 89 78 69
October 15, 2003 100 100 97 78 66 55
October 15, 2004 100 99 87 68 56 43
October 15, 2005 100 91 79 60 47 34
October 15, 2006 100 83 72 52 40 33
October 15, 2007 100 76 64 45 34 33
October 15, 2008 100 68 57 39 33 33
October 15, 2009 100 61 50 33 33 33
October 15, 2010 100 54 43 33 33 33
October 15, 2011 93 47 37 33 33 33
October 15, 2012 85 41 33 33 33 33
October 15, 2013 76 35 33 33 33 33
October 15, 2014 66 33 33 33 33 25
October 15, 2015 54 33 33 33 33 17
October 15, 2016 42 33 33 33 33 11
October 15, 2017 34 33 33 33 31 7
October 15, 2018 33 33 33 33 19 4
October 15, 2019 33 33 33 24 11 2
October 15, 2020 33 33 33 16 7 1
October 15, 2021 33 30 21 9 4 1
October 15, 2022 29 9 6 3 1 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 20.6 16.8 15.6 13.7 12.4 10.8
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
- -------------------------------------------------------------------------
Class Original Coupon Avg. CBE 1st Last Mod.
Name Type Par % Life Yield Pay Pay Dur.
- -------------------------------------------------------------------------
TO CALL
A1 SENIOR 50,300,000 5.49 1.10 5.633 11/96 12/98 1.03
A2 SENIOR 46,970,000 6.60 3.10 6.603 12/98 12/00 2.71
A3 SENIOR 35,400,000 6.80 5.10 6.879 12/00 2/03 4.17
A4 SENIOR 20,900,000 7.10 7.10 7.189 2/03 11/04 5.39
A5 SENIOR 55,614,000 7.40 11.39 7.510 11/04 7/12 7.37
A6 AA MEZZ 23,695,000 7.80 16.43 7.910 7/12 4/13 8.94
B1 BBB SUB 25,726,000 8.00 10.71 8.109 12/01 4/13 6.71
B2 BB SUB 12,186,224 9.40 11.15 9.560 12/01 4/13 6.34
- ---------------------------
TO MATURITY
A6 AA MEZZ 23,695,000 7.80 18.73 7.910 7/12 2/19 9.48
B1 BBB SUB 25,726,000 8.00 10.81 8.109 12/01 5/15 6.74
B2 BB SUB 12,186,224 9.40 13.69 9.559 12/01 3/23 6.71
- -------------------------------------------------------------------------
(1) Data assumes a prepayment speed of 150% MHP.
(2) Coupon and price are assumed for computational materials.
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
-----------------------------------------------------------------------------
A1 SENIOR
Price: 100-00 Coupon: 5.49 Original Par: 50,300,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 5.63 5.63 5.63 5.63 5.63 5.63
Average Life: 4.24 1.74 1.45 1.10 0.89 0.64
Duration: 3.59 1.59 1.35 1.03 0.84 0.61
First Prin Pay: 11/96 11/96 11/96 11/96 11/96 11/96
Last Prin Pay: 4/04 3/00 8/99 12/98 7/98 1/98
-----------------------------------------------------------------------------
A2 SENIOR
Price: 99-31+ Coupon: 6.60 Original Par: 46,970,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 6.66 6.63 6.62 6.60 6.58 6.55
Average Life: 10.26 4.90 4.11 3.10 2.49 1.81
Duration: 7.19 4.04 3.48 2.71 2.22 1.65
First Prin Pay: 4/04 3/00 8/99 12/98 7/98 1/98
Last Prin Pay: 5/09 4/03 4/02 12/00 2/00 3/99
-----------------------------------------------------------------------------
A3 SENIOR
Price: 99-26 Coupon: 6.80 Original Par: 35,400,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 6.89 6.88 6.88 6.88 6.87 6.87
Average Life: 14.07 7.86 6.67 5.10 4.05 2.88
Duration: 8.77 5.88 5.18 4.17 3.43 2.53
First Prin Pay: 5/09 4/03 4/02 12/00 2/00 3/99
Last Prin Pay: 8/12 6/06 12/04 2/03 10/01 3/00
-----------------------------------------------------------------------------
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
-----------------------------------------------------------------------------
A4 SENIOR
Price: 99-26 Coupon: 7.10 Original Par: 20,900,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 7.20 7.19 7.19 7.19 7.19 7.18
Average Life: 16.83 10.84 9.29 7.10 5.64 3.78
Duration: 9.50 7.31 6.57 5.39 4.49 3.20
First Prin Pay: 8/12 6/06 12/04 2/03 10/01 3/00
Last Prin Pay: 7/14 11/08 4/07 11/04 3/03 12/00
-----------------------------------------------------------------------------
A5 SENIOR
Price: 99-24 Coupon: 7.40 Original Par: 55,614,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 7.51 7.51 7.51 7.51 7.51 7.51
Average Life: 19.98 15.58 14.07 11.39 9.25 6.12
Duration: 10.07 8.89 8.38 7.37 6.40 4.71
First Prin Pay: 7/14 11/08 4/07 11/04 3/03 12/00
Last Prin Pay: 3/19 3/16 2/15 7/12 1/10 1/06
- -----------------------------------------------------------------------------
A6 AA MEZZ
Price: 99-27+ Coupon: 7.80 Original Par: 23,695,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 7.91 7.91 7.91 7.91 7.91 7.90
Average Life: 22.70 19.86 18.86 16.43 13.99 10.23
Duration: 10.28 9.75 9.54 8.94 8.22 6.80
First Prin Pay: 3/19 3/16 2/15 7/12 1/10 1/06
Last Prin Pay: 7/19 9/16 9/15 4/13 11/10 3/07
---------------------------
TO MATURITY
Bond Yield: 7.91 7.91 7.91 7.91 7.91 7.91
Average Life: 24.26 21.72 20.76 18.73 16.51 12.37
Duration: 10.51 10.09 9.91 9.48 8.92 7.59
First Prin Pay: 3/19 3/16 2/15 7/12 1/10 1/06
Last Prin Pay: 10/22 9/21 12/20 2/19 8/17 1/14
-----------------------------------------------------------------------------
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
-----------------------------------------------------------------------------
B1 BBB SUB
Price: 99-27+ Coupon: 8.00 Original Par: 25,726,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 8.12 8.11 8.11 8.11 8.11 8.10
Average Life: 19.23 14.57 13.15 10.71 9.13 7.63
Duration: 9.41 8.11 7.63 6.71 6.06 5.41
First Prin Pay: 12/10 9/04 7/03 12/01 4/01 4/01
Last Prin Pay: 7/19 9/16 9/15 4/13 11/10 3/07
---------------------------
TO MATURITY
Bond Yield: 8.12 8.11 8.11 8.11 8.11 8.10
Average Life: 19.31 14.66 13.22 10.81 9.26 7.92
Duration: 9.43 8.13 7.64 6.74 6.10 5.52
First Prin Pay: 12/10 9/04 7/03 12/01 4/01 4/01
Last Prin Pay: 2/21 5/18 5/17 5/15 5/13 5/10
-----------------------------------------------------------------------------
B2 BB SUB
Price: 99-26 Coupon: 9.40 Original Par: 12,186,224
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 9.57 9.56 9.56 9.56 9.56 9.55
Average Life: 19.42 14.87 13.51 11.15 9.48 7.71
Duration: 8.50 7.48 7.09 6.34 5.78 5.15
First Prin Pay: 12/10 9/04 7/03 12/01 4/01 4/01
Last Prin Pay: 7/19 9/16 9/15 4/13 11/10 3/07
---------------------------
TO MATURITY
Bond Yield: 9.57 9.56 9.56 9.56 9.56 9.56
Average Life: 20.58 16.79 15.64 13.69 12.37 10.78
Duration: 8.61 7.70 7.35 6.71 6.29 5.89
First Prin Pay: 12/10 9/04 7/03 12/01 4/01 4/01
Last Prin Pay: 3/23 3/23 3/23 3/23 3/23 3/23
-----------------------------------------------------------------------------
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS A-1
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 90 73 67 55 43 20
October 15, 1998 80 42 29 5 0 0
October 15, 1999 69 10 0 0 0 0
October 15, 2000 57 0 0 0 0 0
October 15, 2001 43 0 0 0 0 0
October 15, 2002 27 0 0 0 0 0
October 15, 2003 9 0 0 0 0 0
October 15, 2004 0 0 0 0 0 0
October 15, 2005 0 0 0 0 0 0
October 15, 2006 0 0 0 0 0 0
October 15, 2007 0 0 0 0 0 0
October 15, 2008 0 0 0 0 0 0
October 15, 2009 0 0 0 0 0 0
October 15, 2010 0 0 0 0 0 0
October 15, 2011 0 0 0 0 0 0
October 15, 2012 0 0 0 0 0 0
October 15, 2013 0 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 4.2 1.7 1.5 1.1 0.9 0.6
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS A-2
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 80 31
October 15, 1999 100 100 91 53 18 0
October 15, 2000 100 78 53 6 0 0
October 15, 2001 100 46 17 0 0 0
October 15, 2002 100 14 0 0 0 0
October 15, 2003 100 0 0 0 0 0
October 15, 2004 91 0 0 0 0 0
October 15, 2005 75 0 0 0 0 0
October 15, 2006 57 0 0 0 0 0
October 15, 2007 37 0 0 0 0 0
October 15, 2008 14 0 0 0 0 0
October 15, 2009 0 0 0 0 0 0
October 15, 2010 0 0 0 0 0 0
October 15, 2011 0 0 0 0 0 0
October 15, 2012 0 0 0 0 0 0
October 15, 2013 0 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 10.3 4.9 4.1 3.1 2.5 1.8
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS A-3
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 36
October 15, 2000 100 100 100 100 51 0
October 15, 2001 100 100 100 50 0 0
October 15, 2002 100 100 75 9 0 0
October 15, 2003 100 77 34 0 0 0
October 15, 2004 100 41 4 0 0 0
October 15, 2005 100 15 0 0 0 0
October 15, 2006 100 0 0 0 0 0
October 15, 2007 100 0 0 0 0 0
October 15, 2008 100 0 0 0 0 0
October 15, 2009 85 0 0 0 0 0
October 15, 2010 47 0 0 0 0 0
October 15, 2011 21 0 0 0 0 0
October 15, 2012 0 0 0 0 0 0
October 15, 2013 0 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 14.1 7.9 6.7 5.1 4.1 2.9
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS A-4
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 17
October 15, 2001 100 100 100 100 94 0
October 15, 2002 100 100 100 100 23 0
October 15, 2003 100 100 100 54 0 0
October 15, 2004 100 100 100 0 0 0
October 15, 2005 100 100 62 0 0 0
October 15, 2006 100 84 19 0 0 0
October 15, 2007 100 42 0 0 0 0
October 15, 2008 100 1 0 0 0 0
October 15, 2009 100 0 0 0 0 0
October 15, 2010 100 0 0 0 0 0
October 15, 2011 100 0 0 0 0 0
October 15, 2012 91 0 0 0 0 0
October 15, 2013 41 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 16.8 10.8 9.3 7.1 5.6 3.8
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS A-5
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 100 71
October 15, 2002 100 100 100 100 100 47
October 15, 2003 100 100 100 100 86 28
October 15, 2004 100 100 100 100 66 13
October 15, 2005 100 100 100 83 50 2
October 15, 2006 100 100 100 67 35 0
October 15, 2007 100 100 91 52 23 0
October 15, 2008 100 100 76 39 12 0
October 15, 2009 100 85 62 27 2 0
October 15, 2010 100 69 48 15 0 0
October 15, 2011 100 56 36 6 0 0
October 15, 2012 100 43 25 0 0 0
October 15, 2013 100 31 14 0 0 0
October 15, 2014 94 18 3 0 0 0
October 15, 2015 71 5 0 0 0 0
October 15, 2016 46 0 0 0 0 0
October 15, 2017 28 0 0 0 0 0
October 15, 2018 8 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 20.0 15.6 14.1 11.4 9.3 6.1
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS A-6
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 100 100
October 15, 2002 100 100 100 100 100 100
October 15, 2003 100 100 100 100 100 100
October 15, 2004 100 100 100 100 100 100
October 15, 2005 100 100 100 100 100 100
October 15, 2006 100 100 100 100 100 82
October 15, 2007 100 100 100 100 100 64
October 15, 2008 100 100 100 100 100 50
October 15, 2009 100 100 100 100 100 38
October 15, 2010 100 100 100 100 85 27
October 15, 2011 100 100 100 100 69 16
October 15, 2012 100 100 100 95 55 8
October 15, 2013 100 100 100 77 42 1
October 15, 2014 100 100 100 61 28 0
October 15, 2015 100 100 84 44 15 0
October 15, 2016 100 84 62 26 5 0
October 15, 2017 100 64 44 14 0 0
October 15, 2018 100 41 24 3 0 0
October 15, 2019 80 20 9 0 0 0
October 15, 2020 59 9 1 0 0 0
October 15, 2021 31 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 24.3 21.7 20.8 18.7 16.5 12.4
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS B-1
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 91 88
October 15, 2002 100 100 100 89 78 69
October 15, 2003 100 100 97 78 66 55
October 15, 2004 100 99 87 68 56 43
October 15, 2005 100 91 79 60 47 34
October 15, 2006 100 83 72 52 40 24
October 15, 2007 100 76 64 45 34 15
October 15, 2008 100 68 57 39 25 8
October 15, 2009 100 61 50 33 18 3
October 15, 2010 100 54 43 25 12 0
October 15, 2011 93 47 37 19 6 0
October 15, 2012 85 41 32 13 2 0
October 15, 2013 76 35 24 7 0 0
October 15, 2014 66 27 17 2 0 0
October 15, 2015 54 18 9 0 0 0
October 15, 2016 42 9 3 0 0 0
October 15, 2017 34 3 0 0 0 0
October 15, 2018 20 0 0 0 0 0
October 15, 2019 8 0 0 0 0 0
October 15, 2020 2 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 19.3 14.7 13.2 10.8 9.3 7.9
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS B-2
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 91 88
October 15, 2002 100 100 100 89 78 69
October 15, 2003 100 100 97 78 66 55
October 15, 2004 100 99 87 68 56 43
October 15, 2005 100 91 79 60 47 34
October 15, 2006 100 83 72 52 40 33
October 15, 2007 100 76 64 45 34 33
October 15, 2008 100 68 57 39 33 33
October 15, 2009 100 61 50 33 33 33
October 15, 2010 100 54 43 33 33 33
October 15, 2011 93 47 37 33 33 33
October 15, 2012 85 41 33 33 33 33
October 15, 2013 76 35 33 33 33 33
October 15, 2014 66 33 33 33 33 25
October 15, 2015 54 33 33 33 33 17
October 15, 2016 42 33 33 33 33 11
October 15, 2017 34 33 33 33 31 7
October 15, 2018 33 33 33 33 19 4
October 15, 2019 33 33 33 24 11 2
October 15, 2020 33 33 33 16 7 1
October 15, 2021 33 30 21 9 4 1
October 15, 2022 29 9 6 3 1 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 20.6 16.8 15.6 13.7 12.4 10.8
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
BOND PROFILE SUMMARY
- -------------------------------------------------------------------------
Class Original Coupon Avg. CBE 1st Last Mod.
Name Type Par % Life Yield Pay Pay Dur.
- -------------------------------------------------------------------------
TO CALL
A1 SENIOR 50,300,000 5.49 1.10 5.633 11/96 12/98 1.03
A2 SENIOR 46,970,000 6.60 3.10 6.603 12/98 12/00 2.71
A3 SENIOR 35,400,000 6.80 5.10 6.879 12/00 2/03 4.17
A4 SENIOR 20,900,000 7.10 7.10 7.189 2/03 11/04 5.39
A5 SENIOR 55,614,000 7.40 11.39 7.510 11/04 7/12 7.37
A6 AA MEZZ 23,695,000 7.80 16.43 7.910 7/12 4/13 8.94
B1 BBB SUB 25,726,000 8.00 10.71 8.109 12/01 4/13 6.71
B2 BB SUB 12,186,224 9.40 11.15 9.558 12/01 4/13 6.34
- ---------------------------
TO MATURITY
A6 AA MEZZ 23,695,000 7.80 18.73 7.911 7/12 2/19 9.48
B1 BBB SUB 25,726,000 8.00 10.81 8.109 12/01 5/15 6.74
B2 BB SUB 12,186,224 9.40 13.69 9.559 12/01 3/23 6.71
- -------------------------------------------------------------------------
(1) Data assumes a prepayment speed of 150% MHP.
(2) Coupon and price are assumed for computational materials.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
-----------------------------------------------------------------------------
A1 SENIOR
Price: 100-00 Coupon: 5.49 Original Par: 50,300,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 5.63 5.63 5.63 5.63 5.63 5.64
Average Life: 4.24 1.74 1.45 1.10 0.89 0.64
Duration: 3.59 1.59 1.35 1.03 0.84 0.61
First Prin Pay: 11/96 11/96 11/96 11/96 11/96 11/96
Last Prin Pay: 4/04 3/00 8/99 12/98 7/98 1/98
-----------------------------------------------------------------------------
A2 SENIOR
Price: 99-31+ Coupon: 6.60 Original Par: 46,970,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 6.66 6.63 6.62 6.60 6.58 6.55
Average Life: 10.26 4.90 4.11 3.10 2.49 1.81
Duration: 7.19 4.04 3.48 2.71 2.22 1.65
First Prin Pay: 4/04 3/00 8/99 12/98 7/98 1/98
Last Prin Pay: 5/09 4/03 4/02 12/00 2/00 3/99
-----------------------------------------------------------------------------
A3 SENIOR
Price: 99-26 Coupon: 6.80 Original Par: 35,400,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 6.89 6.88 6.88 6.88 6.87 6.87
Average Life: 14.07 7.86 6.67 5.10 4.05 2.88
Duration: 8.77 5.88 5.18 4.17 3.42 2.53
First Prin Pay: 5/09 4/03 4/02 12/00 2/00 3/99
Last Prin Pay: 8/12 6/06 12/04 2/03 9/01 3/00
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
-----------------------------------------------------------------------------
A4 SENIOR
Price: 99-26 Coupon: 7.10 Original Par: 20,900,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 7.20 7.19 7.19 7.19 7.19 7.18
Average Life: 16.83 10.84 9.29 7.10 5.61 3.78
Duration: 9.50 7.31 6.57 5.39 4.47 3.20
First Prin Pay: 8/12 6/06 12/04 2/03 9/01 3/00
Last Prin Pay: 7/14 11/08 4/07 11/04 3/03 12/00
-----------------------------------------------------------------------------
A5 SENIOR
Price: 99-24 Coupon: 7.40 Original Par: 55,614,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 7.51 7.51 7.51 7.51 7.51 7.51
Average Life: 19.98 15.58 14.07 11.39 9.22 6.08
Duration: 10.07 8.89 8.38 7.37 6.39 4.69
First Prin Pay: 7/14 11/08 4/07 11/04 3/03 12/00
Last Prin Pay: 3/19 3/16 2/15 7/12 1/10 12/05
- -----------------------------------------------------------------------------
A6 AA MEZZ
Price: 99-27+ Coupon: 7.80 Original Par: 23,695,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 7.91 7.91 7.91 7.91 7.91 7.90
Average Life: 22.70 19.86 18.86 16.43 13.99 10.22
Duration: 10.28 9.75 9.54 8.94 8.22 6.79
First Prin Pay: 3/19 3/16 2/15 7/12 1/10 12/05
Last Prin Pay: 7/19 9/16 9/15 4/13 11/10 3/07
---------------------------
TO MATURITY
Bond Yield: 7.91 7.91 7.91 7.91 7.91 7.91
Average Life: 24.26 21.72 20.76 18.73 16.50 12.34
Duration: 10.51 10.09 9.91 9.48 8.91 7.58
First Prin Pay: 3/19 3/16 2/15 7/12 1/10 12/05
Last Prin Pay: 10/22 9/21 12/20 2/19 8/17 1/14
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
-----------------------------------------------------------------------------
B1 BBB SUB
Price: 99-27+ Coupon: 8.00 Original Par: 25,726,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 8.12 8.11 8.11 8.11 8.11 8.10
Average Life: 19.23 14.57 13.15 10.71 9.20 7.69
Duration: 9.41 8.11 7.63 6.71 6.09 5.45
First Prin Pay: 12/10 9/04 7/03 12/01 5/01 5/01
Last Prin Pay: 7/19 9/16 9/15 4/13 11/10 3/07
---------------------------
TO MATURITY
Bond Yield: 8.12 8.11 8.11 8.11 8.11 8.10
Average Life: 19.31 14.66 13.22 10.81 9.33 8.00
Duration: 9.43 8.13 7.64 6.74 6.13 5.57
First Prin Pay: 12/10 9/04 7/03 12/01 5/01 5/01
Last Prin Pay: 2/21 5/18 5/17 5/15 5/13 6/10
-----------------------------------------------------------------------------
B2 BB SUB
Price: 99-26 Coupon: 9.40 Original Par: 12,186,224
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 9.57 9.56 9.56 9.56 9.56 9.55
Average Life: 19.42 14.87 13.51 11.15 9.54 7.77
Duration: 8.50 7.48 7.09 6.34 5.81 5.18
First Prin Pay: 12/10 9/04 7/03 12/01 5/01 5/01
Last Prin Pay: 7/19 9/16 9/15 4/13 11/10 3/07
---------------------------
TO MATURITY
Bond Yield: 9.57 9.56 9.56 9.56 9.56 9.56
Average Life: 20.58 16.79 15.64 13.69 12.43 10.83
Duration: 8.61 7.70 7.35 6.71 6.31 5.92
First Prin Pay: 12/10 9/04 7/03 12/01 5/01 5/01
Last Prin Pay: 3/23 3/23 3/23 3/23 3/23 3/23
-----------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF CLASS A-1 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 90 73 67 55 43 20
October 15, 1998 80 42 29 5 0 0
October 15, 1999 69 10 0 0 0 0
October 15, 2000 57 0 0 0 0 0
October 15, 2001 43 0 0 0 0 0
October 15, 2002 27 0 0 0 0 0
October 15, 2003 9 0 0 0 0 0
October 15, 2004 0 0 0 0 0 0
October 15, 2005 0 0 0 0 0 0
October 15, 2006 0 0 0 0 0 0
October 15, 2007 0 0 0 0 0 0
October 15, 2008 0 0 0 0 0 0
October 15, 2009 0 0 0 0 0 0
October 15, 2010 0 0 0 0 0 0
October 15, 2011 0 0 0 0 0 0
October 15, 2012 0 0 0 0 0 0
October 15, 2013 0 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 4.2 1.7 1.5 1.1 0.9 0.6
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF CLASS A-2 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 80 31
October 15, 1999 100 100 91 53 18 0
October 15, 2000 100 78 53 6 0 0
October 15, 2001 100 46 17 0 0 0
October 15, 2002 100 14 0 0 0 0
October 15, 2003 100 0 0 0 0 0
October 15, 2004 91 0 0 0 0 0
October 15, 2005 75 0 0 0 0 0
October 15, 2006 57 0 0 0 0 0
October 15, 2007 37 0 0 0 0 0
October 15, 2008 14 0 0 0 0 0
October 15, 2009 0 0 0 0 0 0
October 15, 2010 0 0 0 0 0 0
October 15, 2011 0 0 0 0 0 0
October 15, 2012 0 0 0 0 0 0
October 15, 2013 0 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 10.3 4.9 4.1 3.1 2.5 1.8
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF CLASS A-3 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 36
October 15, 2000 100 100 100 100 51 0
October 15, 2001 100 100 100 50 0 0
October 15, 2002 100 100 75 9 0 0
October 15, 2003 100 77 34 0 0 0
October 15, 2004 100 41 4 0 0 0
October 15, 2005 100 15 0 0 0 0
October 15, 2006 100 0 0 0 0 0
October 15, 2007 100 0 0 0 0 0
October 15, 2008 100 0 0 0 0 0
October 15, 2009 85 0 0 0 0 0
October 15, 2010 47 0 0 0 0 0
October 15, 2011 21 0 0 0 0 0
October 15, 2012 0 0 0 0 0 0
October 15, 2013 0 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 14.1 7.9 6.7 5.1 4.1 2.9
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF CLASS A-4 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 17
October 15, 2001 100 100 100 100 92 0
October 15, 2002 100 100 100 100 22 0
October 15, 2003 100 100 100 54 0 0
October 15, 2004 100 100 100 0 0 0
October 15, 2005 100 100 62 0 0 0
October 15, 2006 100 84 19 0 0 0
October 15, 2007 100 42 0 0 0 0
October 15, 2008 100 1 0 0 0 0
October 15, 2009 100 0 0 0 0 0
October 15, 2010 100 0 0 0 0 0
October 15, 2011 100 0 0 0 0 0
October 15, 2012 91 0 0 0 0 0
October 15, 2013 41 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 16.8 10.8 9.3 7.1 5.6 3.8
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF CLASS A-5 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 100 70
October 15, 2002 100 100 100 100 100 47
October 15, 2003 100 100 100 100 85 28
October 15, 2004 100 100 100 100 65 13
October 15, 2005 100 100 100 83 49 1
October 15, 2006 100 100 100 67 35 0
October 15, 2007 100 100 91 52 22 0
October 15, 2008 100 100 76 39 11 0
October 15, 2009 100 85 62 27 2 0
October 15, 2010 100 69 48 15 0 0
October 15, 2011 100 56 36 6 0 0
October 15, 2012 100 43 25 0 0 0
October 15, 2013 100 31 14 0 0 0
October 15, 2014 94 18 3 0 0 0
October 15, 2015 71 5 0 0 0 0
October 15, 2016 46 0 0 0 0 0
October 15, 2017 28 0 0 0 0 0
October 15, 2018 8 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 20.0 15.6 14.1 11.4 9.2 6.1
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF CLASS A-6 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 100 100
October 15, 2002 100 100 100 100 100 100
October 15, 2003 100 100 100 100 100 100
October 15, 2004 100 100 100 100 100 100
October 15, 2005 100 100 100 100 100 100
October 15, 2006 100 100 100 100 100 81
October 15, 2007 100 100 100 100 100 63
October 15, 2008 100 100 100 100 100 49
October 15, 2009 100 100 100 100 100 38
October 15, 2010 100 100 100 100 84 27
October 15, 2011 100 100 100 100 69 16
October 15, 2012 100 100 100 95 55 8
October 15, 2013 100 100 100 77 42 1
October 15, 2014 100 100 100 61 28 0
October 15, 2015 100 100 84 44 15 0
October 15, 2016 100 84 62 26 5 0
October 15, 2017 100 64 44 14 0 0
October 15, 2018 100 41 24 3 0 0
October 15, 2019 80 20 9 0 0 0
October 15, 2020 59 9 1 0 0 0
October 15, 2021 31 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 24.3 21.7 20.8 18.7 16.5 12.3
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF CLASS B-1 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 92 89
October 15, 2002 100 100 100 89 79 71
October 15, 2003 100 100 97 78 67 56
October 15, 2004 100 99 87 68 56 44
October 15, 2005 100 91 79 60 48 35
October 15, 2006 100 83 72 52 40 25
October 15, 2007 100 76 64 45 34 16
October 15, 2008 100 68 57 39 26 9
October 15, 2009 100 61 50 33 18 3
October 15, 2010 100 54 43 25 12 0
October 15, 2011 93 47 37 19 7 0
October 15, 2012 85 41 32 13 2 0
October 15, 2013 76 35 24 7 0 0
October 15, 2014 66 27 17 2 0 0
October 15, 2015 54 18 9 0 0 0
October 15, 2016 42 9 3 0 0 0
October 15, 2017 34 3 0 0 0 0
October 15, 2018 20 0 0 0 0 0
October 15, 2019 8 0 0 0 0 0
October 15, 2020 2 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 19.3 14.7 13.2 10.8 9.3 8.0
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF CLASS B-2 PRINCIPAL OUTSTANDING
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 92 89
October 15, 2002 100 100 100 89 79 71
October 15, 2003 100 100 97 78 67 56
October 15, 2004 100 99 87 68 56 44
October 15, 2005 100 91 79 60 48 35
October 15, 2006 100 83 72 52 40 33
October 15, 2007 100 76 64 45 34 33
October 15, 2008 100 68 57 39 33 33
October 15, 2009 100 61 50 33 33 33
October 15, 2010 100 54 43 33 33 33
October 15, 2011 93 47 37 33 33 33
October 15, 2012 85 41 33 33 33 33
October 15, 2013 76 35 33 33 33 33
October 15, 2014 66 33 33 33 33 25
October 15, 2015 54 33 33 33 33 17
October 15, 2016 42 33 33 33 33 11
October 15, 2017 34 33 33 33 31 7
October 15, 2018 33 33 33 33 19 4
October 15, 2019 33 33 33 24 11 2
October 15, 2020 33 33 33 16 7 1
October 15, 2021 33 30 21 9 4 1
October 15, 2022 29 9 6 3 1 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 20.6 16.8 15.6 13.7 12.4 10.8
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by CS First Boston. All information described above
is preliminary, limited in nature and subject to completion or amendment. CS
First Boston makes no representations that the above referenced security will
actually perform as described in any scenario presented.
(CS FIRST BOSTON logo)
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
BOND PROFILE SUMMARY
- -------------------------------------------------------------------------
Class Original Coupon Avg. CBE 1st Last Mod.
Name Type Par % Life Yield Pay Pay Dur.
- -------------------------------------------------------------------------
TO CALL
A1 SENIOR 50,300,000 5.49 1.10 5.633 11/96 12/98 1.03
A2 SENIOR 46,970,000 6.60 3.10 6.603 12/98 12/00 2.71
A3 SENIOR 35,400,000 6.80 5.10 6.879 12/00 2/03 4.17
A4 SENIOR 20,900,000 7.10 7.10 7.189 2/03 11/04 5.39
A5 SENIOR 55,614,000 7.40 11.39 7.510 11/04 7/12 7.37
A6 AA MEZZ 23,695,000 7.80 16.43 7.910 7/12 4/13 8.94
B1 BBB SUB 25,726,000 8.00 10.71 8.109 12/01 4/13 6.71
B2 BB SUB 12,186,224 9.40 11.15 9.558 12/01 4/13 6.34
- ---------------------------
TO MATURITY
A6 AA MEZZ 23,695,000 7.80 18.73 7.911 7/12 2/19 9.48
B1 BBB SUB 25,726,000 8.00 10.81 8.109 12/01 5/15 6.74
B2 BB SUB 12,186,224 9.40 13.69 9.559 12/01 3/23 6.71
- -------------------------------------------------------------------------
(1) Data assumes a prepayment speed of 150% MHP.
(2) Coupon and price are assumed for computational materials.
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
-----------------------------------------------------------------------------
A1 SENIOR
Price: 100-00 Coupon: 5.49 Original Par: 50,300,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 5.63 5.63 5.63 5.63 5.63 5.64
Average Life: 4.24 1.74 1.45 1.10 0.89 0.64
Duration: 3.59 1.59 1.35 1.03 0.84 0.61
First Prin Pay: 11/96 11/96 11/96 11/96 11/96 11/96
Last Prin Pay: 4/04 3/00 8/99 12/98 7/98 1/98
-----------------------------------------------------------------------------
A2 SENIOR
Price: 99-31+ Coupon: 6.60 Original Par: 46,970,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 6.66 6.63 6.62 6.60 6.58 6.55
Average Life: 10.26 4.90 4.11 3.10 2.49 1.81
Duration: 7.19 4.04 3.48 2.71 2.22 1.65
First Prin Pay: 4/04 3/00 8/99 12/98 7/98 1/98
Last Prin Pay: 5/09 4/03 4/02 12/00 2/00 3/99
-----------------------------------------------------------------------------
A3 SENIOR
Price: 99-26 Coupon: 6.80 Original Par: 35,400,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 6.89 6.88 6.88 6.88 6.87 6.87
Average Life: 14.07 7.86 6.67 5.10 4.05 2.88
Duration: 8.77 5.88 5.18 4.17 3.42 2.53
First Prin Pay: 5/09 4/03 4/02 12/00 2/00 3/99
Last Prin Pay: 8/12 6/06 12/04 2/03 9/01 3/00
-----------------------------------------------------------------------------
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
-----------------------------------------------------------------------------
A4 SENIOR
Price: 99-26 Coupon: 7.10 Original Par: 20,900,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 7.20 7.19 7.19 7.19 7.19 7.18
Average Life: 16.83 10.84 9.29 7.10 5.61 3.78
Duration: 9.50 7.31 6.57 5.39 4.47 3.20
First Prin Pay: 8/12 6/06 12/04 2/03 9/01 3/00
Last Prin Pay: 7/14 11/08 4/07 11/04 3/03 12/00
-----------------------------------------------------------------------------
A5 SENIOR
Price: 99-24 Coupon: 7.40 Original Par: 55,614,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 7.51 7.51 7.51 7.51 7.51 7.51
Average Life: 19.98 15.58 14.07 11.39 9.22 6.08
Duration: 10.07 8.89 8.38 7.37 6.39 4.69
First Prin Pay: 7/14 11/08 4/07 11/04 3/03 12/00
Last Prin Pay: 3/19 3/16 2/15 7/12 1/10 12/05
- -----------------------------------------------------------------------------
A6 AA MEZZ
Price: 99-27+ Coupon: 7.80 Original Par: 23,695,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 7.91 7.91 7.91 7.91 7.91 7.90
Average Life: 22.70 19.86 18.86 16.43 13.99 10.22
Duration: 10.28 9.75 9.54 8.94 8.22 6.79
First Prin Pay: 3/19 3/16 2/15 7/12 1/10 12/05
Last Prin Pay: 7/19 9/16 9/15 4/13 11/10 3/07
---------------------------
TO MATURITY
Bond Yield: 7.91 7.91 7.91 7.91 7.91 7.91
Average Life: 24.26 21.72 20.76 18.73 16.50 12.34
Duration: 10.51 10.09 9.91 9.48 8.91 7.58
First Prin Pay: 3/19 3/16 2/15 7/12 1/10 12/05
Last Prin Pay: 10/22 9/21 12/20 2/19 8/17 1/14
-----------------------------------------------------------------------------
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
BOND PROFILE SUMMARY
-----------------------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
-----------------------------------------------------------------------------
B1 BBB SUB
Price: 99-27+ Coupon: 8.00 Original Par: 25,726,000
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 8.12 8.11 8.11 8.11 8.11 8.10
Average Life: 19.23 14.57 13.15 10.71 9.20 7.69
Duration: 9.41 8.11 7.63 6.71 6.09 5.45
First Prin Pay: 12/10 9/04 7/03 12/01 5/01 5/01
Last Prin Pay: 7/19 9/16 9/15 4/13 11/10 3/07
---------------------------
TO MATURITY
Bond Yield: 8.12 8.11 8.11 8.11 8.11 8.10
Average Life: 19.31 14.66 13.22 10.81 9.33 8.00
Duration: 9.43 8.13 7.64 6.74 6.13 5.57
First Prin Pay: 12/10 9/04 7/03 12/01 5/01 5/01
Last Prin Pay: 2/21 5/18 5/17 5/15 5/13 6/10
-----------------------------------------------------------------------------
B2 BB SUB
Price: 99-26 Coupon: 9.40 Original Par: 12,186,224
-----------------------------------------------------------------------------
TO CALL
Bond Yield: 9.57 9.56 9.56 9.56 9.56 9.55
Average Life: 19.42 14.87 13.51 11.15 9.54 7.77
Duration: 8.50 7.48 7.09 6.34 5.81 5.18
First Prin Pay: 12/10 9/04 7/03 12/01 5/01 5/01
Last Prin Pay: 7/19 9/16 9/15 4/13 11/10 3/07
---------------------------
TO MATURITY
Bond Yield: 9.57 9.56 9.56 9.56 9.56 9.56
Average Life: 20.58 16.79 15.64 13.69 12.43 10.83
Duration: 8.61 7.70 7.35 6.71 6.31 5.92
First Prin Pay: 12/10 9/04 7/03 12/01 5/01 5/01
Last Prin Pay: 3/23 3/23 3/23 3/23 3/23 3/23
-----------------------------------------------------------------------------
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS A-1
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 90 73 67 55 43 20
October 15, 1998 80 42 29 5 0 0
October 15, 1999 69 10 0 0 0 0
October 15, 2000 57 0 0 0 0 0
October 15, 2001 43 0 0 0 0 0
October 15, 2002 27 0 0 0 0 0
October 15, 2003 9 0 0 0 0 0
October 15, 2004 0 0 0 0 0 0
October 15, 2005 0 0 0 0 0 0
October 15, 2006 0 0 0 0 0 0
October 15, 2007 0 0 0 0 0 0
October 15, 2008 0 0 0 0 0 0
October 15, 2009 0 0 0 0 0 0
October 15, 2010 0 0 0 0 0 0
October 15, 2011 0 0 0 0 0 0
October 15, 2012 0 0 0 0 0 0
October 15, 2013 0 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 4.2 1.7 1.5 1.1 0.9 0.6
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS A-2
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 80 31
October 15, 1999 100 100 91 53 18 0
October 15, 2000 100 78 53 6 0 0
October 15, 2001 100 46 17 0 0 0
October 15, 2002 100 14 0 0 0 0
October 15, 2003 100 0 0 0 0 0
October 15, 2004 91 0 0 0 0 0
October 15, 2005 75 0 0 0 0 0
October 15, 2006 57 0 0 0 0 0
October 15, 2007 37 0 0 0 0 0
October 15, 2008 14 0 0 0 0 0
October 15, 2009 0 0 0 0 0 0
October 15, 2010 0 0 0 0 0 0
October 15, 2011 0 0 0 0 0 0
October 15, 2012 0 0 0 0 0 0
October 15, 2013 0 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 10.3 4.9 4.1 3.1 2.5 1.8
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS A-3
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 36
October 15, 2000 100 100 100 100 51 0
October 15, 2001 100 100 100 50 0 0
October 15, 2002 100 100 75 9 0 0
October 15, 2003 100 77 34 0 0 0
October 15, 2004 100 41 4 0 0 0
October 15, 2005 100 15 0 0 0 0
October 15, 2006 100 0 0 0 0 0
October 15, 2007 100 0 0 0 0 0
October 15, 2008 100 0 0 0 0 0
October 15, 2009 85 0 0 0 0 0
October 15, 2010 47 0 0 0 0 0
October 15, 2011 21 0 0 0 0 0
October 15, 2012 0 0 0 0 0 0
October 15, 2013 0 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 14.1 7.9 6.7 5.1 4.1 2.9
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS A-4
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 17
October 15, 2001 100 100 100 100 92 0
October 15, 2002 100 100 100 100 22 0
October 15, 2003 100 100 100 54 0 0
October 15, 2004 100 100 100 0 0 0
October 15, 2005 100 100 62 0 0 0
October 15, 2006 100 84 19 0 0 0
October 15, 2007 100 42 0 0 0 0
October 15, 2008 100 1 0 0 0 0
October 15, 2009 100 0 0 0 0 0
October 15, 2010 100 0 0 0 0 0
October 15, 2011 100 0 0 0 0 0
October 15, 2012 91 0 0 0 0 0
October 15, 2013 41 0 0 0 0 0
October 15, 2014 0 0 0 0 0 0
October 15, 2015 0 0 0 0 0 0
October 15, 2016 0 0 0 0 0 0
October 15, 2017 0 0 0 0 0 0
October 15, 2018 0 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 16.8 10.8 9.3 7.1 5.6 3.8
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS A-5
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 100 70
October 15, 2002 100 100 100 100 100 47
October 15, 2003 100 100 100 100 85 28
October 15, 2004 100 100 100 100 65 13
October 15, 2005 100 100 100 83 49 1
October 15, 2006 100 100 100 67 35 0
October 15, 2007 100 100 91 52 22 0
October 15, 2008 100 100 76 39 11 0
October 15, 2009 100 85 62 27 2 0
October 15, 2010 100 69 48 15 0 0
October 15, 2011 100 56 36 6 0 0
October 15, 2012 100 43 25 0 0 0
October 15, 2013 100 31 14 0 0 0
October 15, 2014 94 18 3 0 0 0
October 15, 2015 71 5 0 0 0 0
October 15, 2016 46 0 0 0 0 0
October 15, 2017 28 0 0 0 0 0
October 15, 2018 8 0 0 0 0 0
October 15, 2019 0 0 0 0 0 0
October 15, 2020 0 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 20.0 15.6 14.1 11.4 9.2 6.1
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS A-6
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 100 100
October 15, 2002 100 100 100 100 100 100
October 15, 2003 100 100 100 100 100 100
October 15, 2004 100 100 100 100 100 100
October 15, 2005 100 100 100 100 100 100
October 15, 2006 100 100 100 100 100 81
October 15, 2007 100 100 100 100 100 63
October 15, 2008 100 100 100 100 100 49
October 15, 2009 100 100 100 100 100 38
October 15, 2010 100 100 100 100 84 27
October 15, 2011 100 100 100 100 69 16
October 15, 2012 100 100 100 95 55 8
October 15, 2013 100 100 100 77 42 1
October 15, 2014 100 100 100 61 28 0
October 15, 2015 100 100 84 44 15 0
October 15, 2016 100 84 62 26 5 0
October 15, 2017 100 64 44 14 0 0
October 15, 2018 100 41 24 3 0 0
October 15, 2019 80 20 9 0 0 0
October 15, 2020 59 9 1 0 0 0
October 15, 2021 31 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 24.3 21.7 20.8 18.7 16.5 12.3
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS B-1
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 92 89
October 15, 2002 100 100 100 89 79 71
October 15, 2003 100 100 97 78 67 56
October 15, 2004 100 99 87 68 56 44
October 15, 2005 100 91 79 60 48 35
October 15, 2006 100 83 72 52 40 25
October 15, 2007 100 76 64 45 34 16
October 15, 2008 100 68 57 39 26 9
October 15, 2009 100 61 50 33 18 3
October 15, 2010 100 54 43 25 12 0
October 15, 2011 93 47 37 19 7 0
October 15, 2012 85 41 32 13 2 0
October 15, 2013 76 35 24 7 0 0
October 15, 2014 66 27 17 2 0 0
October 15, 2015 54 18 9 0 0 0
October 15, 2016 42 9 3 0 0 0
October 15, 2017 34 3 0 0 0 0
October 15, 2018 20 0 0 0 0 0
October 15, 2019 8 0 0 0 0 0
October 15, 2020 2 0 0 0 0 0
October 15, 2021 0 0 0 0 0 0
October 15, 2022 0 0 0 0 0 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 19.3 14.7 13.2 10.8 9.3 8.0
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
<PAGE>
OAKWOOD SENIOR/SUBORDINATED PASS-THROUGH CERTIFICATES, SERIES 1996-C
COMPUTATIONAL MATERIALS
(REVISED)
PERCENT OF PRINCIPAL OUTSTANDING OF CLASS B-2
--------------------------------------------------------------
Percent of MHP: 0 75 100 150 200 300
--------------------------------------------------------------
Initial Percent 100 100 100 100 100 100
October 15, 1997 100 100 100 100 100 100
October 15, 1998 100 100 100 100 100 100
October 15, 1999 100 100 100 100 100 100
October 15, 2000 100 100 100 100 100 100
October 15, 2001 100 100 100 100 92 89
October 15, 2002 100 100 100 89 79 71
October 15, 2003 100 100 97 78 67 56
October 15, 2004 100 99 87 68 56 44
October 15, 2005 100 91 79 60 48 35
October 15, 2006 100 83 72 52 40 33
October 15, 2007 100 76 64 45 34 33
October 15, 2008 100 68 57 39 33 33
October 15, 2009 100 61 50 33 33 33
October 15, 2010 100 54 43 33 33 33
October 15, 2011 93 47 37 33 33 33
October 15, 2012 85 41 33 33 33 33
October 15, 2013 76 35 33 33 33 33
October 15, 2014 66 33 33 33 33 25
October 15, 2015 54 33 33 33 33 17
October 15, 2016 42 33 33 33 33 11
October 15, 2017 34 33 33 33 31 7
October 15, 2018 33 33 33 33 19 4
October 15, 2019 33 33 33 24 11 2
October 15, 2020 33 33 33 16 7 1
October 15, 2021 33 30 21 9 4 1
October 15, 2022 29 9 6 3 1 0
October 15, 2023 0 0 0 0 0 0
Avg Life In Years: 20.6 16.8 15.6 13.7 12.4 10.8
This material is for your private information and we are not soliciting
any action based upon it. This material is not to be construed as an offer
to sell or the solicitation of any offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. This
material is based on information that we consider reliable, but we do not
represent that it is accurate or complete and it should not be relied upon
as such. By accepting this material the recipient agrees that it will not
distribute or provide the material to any other person. The information
contained in this material may not pertain to any securities that will
actually be sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected
therein. We make no representations regarding the reasonableness of such
assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be
relied upon for such purposes. We and our affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short
positions in, and buy and sell, the securities mentioned therein or derivatives
thereof (including options). This material may be filed with the Securities
and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415
of the Securities Act of 1933, including in cases where the material does not
pertain to securities that are ultimately offered for sale pursuant to such
registration statement. Information contained in this material is current as
of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all
prior information regarding such assets. Any information in the material
whether regarding the assets backing any securities discussed herein or the
otherwise, will be superseded by the information contained in any final
prospectus for any securities actually sold to you.
This material is furnished solely by Goldman, Sachs & Co. and not by the
Issuer of the securities or any of its affiliates. Goldman, Sachs & Co.
is acting as underwriter and not acting as agent for the issuer or its
affiliates in connection with the proposed transaction. The issuer has not
prepared or taken part in the preparation of these materials.
Goldman, Sachs & Co.
