OAKWOOD MORTGAGE INVESTORS INC
8-K, 2000-12-18
ASSET-BACKED SECURITIES
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                       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) December 15, 2000.
                                                        ------------------


                        Oakwood Mortgage Investors, Inc.
                        --------------------------------
               (Exact name of registrant as specified in charter)



      Nevada                       333-72621                  88-0396566
 --------------------------------------------------------------------------
 (State or other jurisdiction    (Commission               (IRS Employer
     of incorporation)            File Number)          Identification No.)


         101 Convention Center Drive, Suite 850, Las Vegas, Nevada 89109
        ----------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)


        Registrant's telephone number, including area code (702) 949-0056
                                                           ---------------


--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)
<PAGE>

Item 5.           Other Events.

        The Registrant expects to enter into an underwriting agreement with
Credit Suisse First Boston Corporation (the "Underwriter"), pursuant to which
the Underwriter will agree to purchase and offer for sale to the public
approximately $197,290,000 aggregate initial principal amount of the
Registrant's Senior/Subordinated Pass-Through Certificates, Series 2000-D, Class
A-1, Class A-2, Class A-3, Class A-4, Class M-1, Class M-2 and Class B-1 (the
"Offered Securities"). The Offered Securities will be registered for sale under
the Registrant's effective Shelf Registration Statement on Form S-3 (333-72621),
and will be offered pursuant to the Prospectus and a related Prospectus
Supplement 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
Underwriter has prepared and disseminated to potential purchasers a "Series Term
Sheets" as such term is defined in the No-Action response letter to Greenwood
Trust Company, Discover Card Master Trust I (publicly available April 5, 1996),
in the No-Action response letter to Kidder, Peabody & Co., Incorporated and
certain affiliates thereof (publicly available May 20, 1994) and in the
No-Action Letter 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 letters, the Registrant is
filing herewith such Series Term Sheet as Exhibit 99.1.

        In addition, the Registrant is filing Exhibits 5.1, 8.1 and 23.1 listed
in Item 7(c) below in connection with the proposed issuance of the Offered
Securities.

Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.

         (c)      Exhibits.

   5.1   Legality Opinion of Messrs. Hunton & Williams

   8.1   Tax Opinion of Messrs. Hunton & Williams (included in Exhibit 5.1)

  23.1   Consent of Messrs. Hunton & Williams (included in Exhibit 5.1)

  99.1   Copy of Series Term Sheet

                                      -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 hereunto duly authorized.




December 18, 2000                            OAKWOOD MORTGAGE INVESTORS, INC.
         --



                                             By:   /s/ Dennis W. Hazelrigg
                                                  ------------------------------
                                             Name:  Dennis W. Hazelrigg
                                             Title:    President

                                      -3-
<PAGE>

                                INDEX TO EXHIBITS
                                -----------------


<TABLE>
<CAPTION>
                                                                                                               Page
                                                                                                               ----


<S>                <C>                                                                            <C>
5.1      Legality Opinion of Messrs. Hunton & Williams..........................................[Electronic Format]

8.1      Tax Opinion of Messrs. Hunton & Williams
         (included in Exhibit 5.1) .............................................................[Electronic Format]

23.1     Consent of Messrs. Hunton & Williams
         (included in Exhibit 5.1)..............................................................[Electronic Format]

99.1     Copy of Series Term Sheet..............................................................[Electronic Format]
</TABLE>

                                      -4-


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