Fleetwood Credit Receivables Corp. FLEETWOOD CREDIT 1997-A GRANTOR TRUST Servicer's Certificate For the Month of August, 1997 Principal and Interest Collections Beginning Pool Balance (1) $ 163,019,576.78 Beginning Pool Factor [(1)/$ 183,011,151.56] (2) 0.8907631 Principal Collected (3) $ 3,099,512.75 Interest Collected (4) $ 1,275,205.35 Less: Accrued Interest Prior to Cut Off Date (5) 819,427.25 Less: Additional Purchased Accrued Interest (5a) 0.00 Plus: Purchased Accrued Interest - End of Collection Period (6) 842,499.56 Net decrease/(increase) in Purchased Accrued Interest [(5)+(5a)-(6)] (7) $ (23,072.31) Plus: "Non-Reimbursable Interest Payment" (8) 10,113.24 Total Interest Received [(4)-(5)-(5a)+(6)+(8)] (9) $ 1,308,390.90 Additional Deposits (i) Repurchase Amounts (10) 0.00 (ii) Liquidation Proceeds (11) 39,500.00 (iii) Yield Supplement Deposit Amount (12) 0.00 Total Additional Deposits [(10)+(11)+(12)] (13) $ 39,500.00 Total Available Funds [(3)+(9)+(13)] (14) $ 4,447,403.65 Defaulted Receivable Principal Balance [(A1)] (15) $ 68,109.19 Ending Pool Balance [(1)-(3)-(15)] (16) $ 159,851,954.84 Ending Pool Factor [(16)/$ 183,011,151.56] (17) 0.8734547 Fleetwood Credit Receivables Corp. FLEETWOOD CREDIT 1997-A GRANTOR TRUST Servicer's Certificate For the Month of August, 1997 Distributions: Class A Class B Total Class Percentage 96.5% 3.5% 100% Pool Factor (Ending Pool Balance) 0.8734547 0.8734547 0.8734547 Class Coupon 6.64% 6.83% July Beginning Pool Balance [(1)] $157,313,891.59 $5,705,685.19 $163,019,576.78 July Ending Pool Balance [(16)] $154,257,136.42 $5,594,818.42 $159,851,954.84 Collected Principal [(3)] $2,991,029.80 $108,482.95 $3,099,512.75 Collected Interest [(9)] $1,262,597.22 $45,793.68 $1,308,390.90 Other Collected Interest [(9a)] $0.00 $0.00 $0.00 Additional Deposits [(10)+(11)] $38,117.50 $1,382.50 $39,500.00 Servicing Fee [(1.0%/12)x(1)] ($131,094.91) ($4,754.74) ($135,849.65) Total Available Funds $4,160,649.61 $150,904.39 $4,311,554.00 Payments to Certficateholders: Principal Distributable Amount [(1)-(16)] $3,056,755.17 $110,866.77 $3,167,621.94 Interest Distributable Amount [(1)x(coupon/12 $870,470.20 $32,474.86 $902,945.06 Total Payments to Certificateholders $3,927,225.37 $143,341.63 $4,070,567.00 Reserve Fund payment $0.00 $0.00 $0.00 Amount due Class B but paid to Class A (subordination) $0.00 Class A Interest Carryover Shortfall $0.00 Class A Principal Carryover Shortfall $0.00 Class B Interest Carryover Shortfall $0.00 Class B Principal Carryover Shortfall $0.00 Amounts Remaining in the Certificate Account to be paid to the Seller $233,424.24 $7,562.76 $240,987.00 Memo: Principal Difference ($27,607.87) ($1,001.32) ($28,609.19) Interest Difference $261,032.11 $8,564.08 $269,596.19 Total $233,424.24 $7,562.76 $240,987.00 /TABLE Fleetwood Credit Receivables Corp. FLEETWOOD CREDIT 1997-A GRANTOR TRUST Servicer's Certificate For the Month of August, 1997 Determination of the Servicer Letter of Credit Amount Number of Contracts - End of Month (45) N/A Original number of contracts (46) N/A Percent of Original Contracts remaining [((45)/(46))x100] (47) N/A Original Servicer Letter of Credit Amount (48) $ N/A Revised Servicer Letter of Credit Amount [Lessor of [(48)x(47) or the Beginning Pool Balance (1)] (49) $ N/A Prior Month Servicer Letter of Credit Amount [Previous Month (49)] (50) $ N/A Servicer Letter of Credit Fee (51) $ N/A Yield Supplement Amount Receivables with coupon rates below 7.65% Principal Outstanding (52) $ N/A Number of receivables (53) N/A Interest on the Receivables at their APR (54) $ N/A Interest due on the Receivables at the Pass-Through Rate (55) $ N/A Yield Supplement Amount [(54)-(55)] (56) $ N/A Defaulted Receivables Amount of principal and accrued interest due from Obligors on Defaulted Receivables Principal (A1) $ 68,109.19 Interest (A2) 1,149.51 Expense (A3) 1,006.00 Total (A) $ 70,264.70 Less: Liquidation Proceeds (B) $ 39,500.00 Realized Loss [(A1)+(A2)-(B)] (C) $ 29,758.70 Cumulative Losses (Including Expenses) (D) $ 79,260.55 Cumulative Loss Percentage [(D)/$183,011,151.56] 0.04% (Less than 1.5% ?) /TABLE Fleetwood Credit Receivables Corp. FLEETWOOD CREDIT 1997-A GRANTOR TRUST Servicer's Certificate For the Month of August, 1997 Reconciliation of Reserve Fund Beginning Reserve Fund Balance (57) $ 4,075,489.42 Plus: Excess Amounts from Seller (57a) 240,987.00 Plus: Investment Earnings (57b) 17,954.09 Less: Reserve Fund Payments (58) 0.00 Subtotal Reserve Fund $ 4,334,430.51 Plus: Beginning Negative Carry Balance (58a) 0.00 Plus: Negative Carry Investment Earnings (58b) 0.00 Less: Payment from Negative Carry (58c) 0.00 Ending Negative Carry Balance (58d) 0.00 Reserve Fund Prior to Payments to Seller (59) $ 4,334,430.51 Required Reserve Fund Balance: (Lesser of 1 or 2) (1) Greater of: $3,660,223 or 2.50% of the Ending Pool Balance (Class A and Class B Certificate Balances), but not greater than the Ending Pool Balance (unless the Cumulative Loss Percentage exceeds 1.5%), or (2); (2) (18% - Subordination Fraction) x the Ending Pool Balance NA Required Amount (60) $ 3,996,298.87 Amount of Excess Reserve released [(59)-(60)] (61) $ 338,131.64 (No Release to be made during Pre-funding period) Ending Reserve Fund Balance to be invested(including (62) $ 3,996,298.87 Negative Carry Balance) Reserve Fund Balance as a Percent of the Ending Pool Balance (63) 2.50% Interest Income on Reserve Fund for August, 1997 from First Chicago (64) $ 17,954.09 Interest Income on Negative Carry Balance for August, 1997 (65) $ 0.00 from First Chicago <?TABLE> Fleetwood Credit Receivables Corp. FLEETWOOD CREDIT 1997-A GRANTOR TRUST Servicer's Certificate For the Month of August, 1997 Reconciliation of Net Payment to the Trustee Available Funds $4,447,403.65 Servicing Fees ($135,849.65) Total Available Funds $4,311,554.00 Total payments to Class A $3,927,225.37 Total payments to Class B $143,341.63 Reserve Fund: Excess from Seller [(57a)] $240,987.00 Reserve Fund Payments [(58)] $0.00 Gross payment to the Trustee $4,311,554.00 Amounts Held by Trustee: Less: Amount released from Reserve Fund in excess of $3,660,223 (Net of Reserve Fund payment) [(61)] $338,131.64 Less: Balance of Prefunded Account payable to Certificateholders N/A Less: Amount paid from Negative Carry Balance [(58c)] N/A Less: Amount paid from Pre-Funded Amount Earnings [(72)] N/A Total Other Collected Interest (9a) N/A Total Amount Held by Trustee $338,131.64 Net payment to the Trustee $3,973,422.36 Reconciliation of Pre-Funding Account Beginning Pre-Funded Amount (70) N/A [Prior Month (74)] Less: Amount applied to the purchase of Subsequent Receivables (71) N/A Plus: Earnings on Pre-Funded Amount (72) N/A Less: Payment of Earnings (73) N/A Ending Pre-Funding Amount (74) N/A Account Activity Number of Accounts - Beginning of Month 5,235 Less: Account Paid Off / Repurchased 82 Plus: Accounts in Collateral Addition 0 Number of Accounts - End of Month 5,153 Non-Accrual Accounts - End of Month Number of Non-Accrual Accounts 7 Aggregate Principal Balance Outstanding $315,885.79 /TABLE Fleetwood Credit Receivables Corp. FLEETWOOD CREDIT 1997-A GRANTOR TRUST Servicer's Certificate For the Month of August, 1997 Delinquent Accounts Period of Delinquency Units Amount Percent of Pool 30 - 59 days 8 $ 375,909.89 0.24% 60 - 89 days 1 41,592.52 0.03% 90 days or more 0 0.00 0.00% Total 9 $ 417,502.41 0.26%(A) Repossession Inventory 7 $ 315,885.79 0.198%(B) Delinquency Percentage Quarter JUL AUG SEPT Total(Avg) 90 days or more (000) $ 0.0 $ 0.0 $ N/A $ N/A Repossession Inventory (000) $ 304.0 $ 315.9 $ N/A $ N/A Total $ 304.0 $ 315.9 $ N/A $ N/A(A) Ending Pool Balance (mils) $ 163.0 $ 159.9 $ N/A $ N/A(B) Delinquency Percentage (A)/(B) N/A Realized Loss Analysis Quarter JUL AUG SEPT Total Realized Losses/(Recoveries) (X) [(A1+(A2)-(B)] (000) $ 25.1 $ 29.8 $ N/A $ N/A(Sum) Beginning Pool Balance (mils) (Y) $ 166.7 $ 163.0 $ N/A $ N/A(Avg) Realized Loss Percentage (Less than 1.5%?) [((X)/(Y))*4] N/A Realized Losses Since Inception (less than $2,745,168 ?) $77,773.12 Change in Realized Losses $29,758.70 Proceeds from Insurance and Dealer Repurchases Proceeds received during the month from physical damage insurance $ 0.00 Proceeds received during the month from Dealer repurchase obligations relating to Defaulted Receivables $ 0.00