Fleetwood Credit Receivables Corp. FLEETWOOD CREDIT 1997-A GRANTOR TRUST Servicer's Certificate For the Month of October, 1997 Principal and Interest Collections Beginning Pool Balance (1) $ 156,045,678.42 Beginning Pool Factor [(1)/$ 183,011,151.56] (2) 0.8526567 Principal Collected (3) $ 5,197,511.84 Interest Collected (4) $ 1,265,346.94 Less: Accrued Interest Prior to Cut Off Date (5) 803,214.67 Less: Additional Purchased Accrued Interest (5a) 0.00 Plus: Purchased Accrued Interest - End of Collection Period (6) 774,019.55 Net decrease/(increase) in Purchased Accrued Interest [(5)+(5a)-(6)] (7) $ 29,195.12 Plus: "Non-Reimbursable Interest Payment" (8) 15,694.44 Total Interest Received [(4)-(5)-(5a)+(6)+(8)] (9) $ 1,251,846.26 Additional Deposits (i) Repurchase Amounts (10) 0.00 (ii) Liquidation Proceeds (11) 56,046.20 (iii) Yield Supplement Deposit Amount (12) 0.00 Total Additional Deposits [(10)+(11)+(12)] (13) $ 56,046.20 Total Available Funds [(3)+(9)+(13)] (14) $ 6,505,404.30 Defaulted Receivable Principal Balance [(A1)] (15) $ 105,413.10 Ending Pool Balance [(1)-(3)-(15)] (16) $ 150,742,753.48 Ending Pool Factor [(16)/$ 183,011,151.56] (17) 0.8236807 Fleetwood Credit Receivables Corp. FLEETWOOD CREDIT 1997-A GRANTOR TRUST Servicer's Certificate For the Month of October, 1997 Distributions: Class A Class B Total Class Percentage 96.5% 3.5% 100% Pool Factor (Ending Pool Balance) 0.8236807 0.8236807 0.8236807 Class Coupon 6.64% 6.83% October Beginning Pool Balance [(1)] $150,584,079.68 $5,461,598.74 $156,045,678.42 October Ending Pool Balance [(16)] $145,466,757.11 $5,275,996.37 $150,742,753.48 Collected Principal [(3)] $5,015,598.93 $181,912.91 $5,197,511.84 Collected Interest [(9)] $1,208,031.64 $43,814.62 $1,251,846.26 Other Collected Interest [(9a)] $0.00 $0.00 $0.00 Additional Deposits [(10)+(11)] $54,084.58 $1,961.62 $56,046.20 Servicing Fee [(1.0%/12)x(1)] ($125,486.74) ($4,551.33) ($130,038.07) Total Available Funds $6,152,228.41 $223,137.82 $6,375,366.23 Payments to Certficateholders: Principal Distributable Amount [(1)-(16)] $5,117,322.57 $185,602.37 $5,302,924.94 Interest Distributable Amount [(1)x(coupon/12)] $833,231.91 $31,085.60 $864,317.51 Total Payments to Certificateholders $5,950,554.48 $216,687.97 $6,167,242.45 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 $201,673.93 $6,449.85 $208,123.78 Memo: Principal Difference ($47,639.06) ($1,727.84) ($49,366.90) Interest Difference $249,312.99 $8,177.69 $257,490.68 Total $201,673.93 $6,449.85 $208,123.78 /TABLE Fleetwood Credit Receivables Corp. FLEETWOOD CREDIT 1997-A GRANTOR TRUST Servicer's Certificate For the Month of October, 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) $ 105,413.10 Interest (A2) 1,062.83 Expense (A3) 1,461.75 Total (A) $ 107,937.68 Less: Liquidation Proceeds (B) $ 56,046.20 Realized Loss [(A1)+(A2)-(B)] (C) $ 50,429.73 Cumulative Losses (Including Expenses) (D) $ 177,240.21 Cumulative Loss Percentage [(D)/$183,011,151.56] 0.10% (Less than 1.5% ?) /TABLE Fleetwood Credit Receivables Corp. FLEETWOOD CREDIT 1997-A GRANTOR TRUST Servicer's Certificate For the Month of October, 1997 Reconciliation of Reserve Fund Beginning Reserve Fund Balance (57) $ 3,901,141.96 Plus: Excess Amounts from Seller (57a) 208,123.78 Plus: Investment Earnings (57b) 18,308.28 Less: Reserve Fund Payments (58) 0.00 Subtotal Reserve Fund $ 4,127,574.02 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) $ 4,127,574.02 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) $ 3,768,568.84 Amount of Excess Reserve released [(59)-(60)] (61) $ 359,005.18 (No Release to be made during Pre-funding period) Ending Reserve Fund Balance to be invested(including (62) $ 3,768,568.84 Negative Carry Balance) Reserve Fund Balance as a Percent of the Ending Pool Balance (63) 2.50% Interest Income on Reserve Fund for October, 1997 from First Chicago (64) $ 18,308.28 Interest Income on Negative Carry Balance for October, 1997 from First Chicago (65) $ 0.00 Fleetwood Credit Receivables Corp. FLEETWOOD CREDIT 1997-A GRANTOR TRUST Servicer's Certificate For the Month of October, 1997 Reconciliation of Net Payment to the Trustee Available Funds $6,505,404.30 Servicing Fees ($130,038.07) Total Available Funds $6,375,366.23 Total payments to Class A $5,950,554.48 Total payments to Class B $216,687.97 Reserve Fund: Excess from Seller [(57a)] $208,123.78 Reserve Fund Payments [(58)] $0.00 Gross payment to the Trustee $6,375,366.23 Amounts Held by Trustee: Less: Amount released from Reserve Fund in excess of $3,660,223 (Net of Reserve Fund payment) $359,005.18 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 $359,005.18 Net payment to the Trustee $6,016,361.05 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 5,061 Less: Account Paid Off / Repurchased 113 Plus: Accounts in Collateral Addition 0 Number of Accounts - End of Month 4,948 Non-Accrual Accounts - End of Month Number of Non-Accrual Accounts 6 Aggregate Principal Balance Outstanding 200,073.26 Fleetwood Credit Receivables Corp. FLEETWOOD CREDIT 1997-A GRANTOR TRUST Servicer's Certificate For the Month of Ocotber, 1997 Delinquent Accounts Period of Delinquency Units Amount Percent of Pool 30 - 59 days 9 $190,679.15 0.13% 60 - 89 days 3 25,464.94 0.02% 90 days or more 1 92,891.50 0.06% Total 13 $309,035.59 0.21% (A) Repossession Inventory 6 $200,073.26 0.133%(B) Delinquency Percentage Quarter OCT NOV DEC Total (Avg) 90 days or more (000) $ 92.9 $ N/A $ N/A $ N/A Repossession Inventory (000) $200.1 $ N/A $ N/A $ N/A Total $293.0 $ N/A $ N/A $ N/A (A) Ending Pool Balance (mils) $150.7 $ N/A $ N/A $ N/A (B) Delinquency Percentage (A)/(B) N/A Realized Loss Analysis Quarter OCT NOV DEC Total Realized Losses/(Recoveries) (X) [(A1+(A2)-(B)] (000) $ 50.4 $ N/A $ N/A $ N/A (Sum) Beginning Pool Balance (mils) (Y) $156.0 $ N/A $ 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 ?) $173,304.91 Change in Realized Losses $ 50,429.73 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