OAKWOOD MORTGAGE INVESTORS, INC. 1996-C REPORT DATE: DECEMBER 4, 1996
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 2
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: Nov-96
Scheduled Principal Balance of Contracts
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Ending
Principal Scheduled Prepaid Liquidated Contracts Principal
Balance Principal Principal Principal Repurchased Balance
- ------------------------------------------------------------------------------------------------------------------------------------
269,049,365.49 (429,783.65) (2,280,855.11) 0.00 0.00 266,338,726.73
====================================================================================================================================
Reserve Fund as of Cutoff Date
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Investment Balance Before Reserve
Balance Deposits Distrib. Interest Current Distribution Fund Draw
- ------------------------------------------------------------------------------------------------------------------------------------
0.00 1,013,927.91 0.00 562.59 1,014,490.50 0.00
====================================================================================================================================
Class A-6 Liquidity Account
Beginning Investment Balance Before Reserve
Balance Deposits Distrib. Interest Current Distribution Fund Draw
- ------------------------------------------------------------------------------------------------------------------------------------
0.00 0.00 0.00 0.00 0.00 0.00
====================================================================================================================================
Class B Liquidity Account
Beginning Investment Balance Before Reserve
Balance Deposits Distrib. Interest Current Distribution Fund Draw
- ------------------------------------------------------------------------------------------------------------------------------------
0.00 0.00 0.00 0.00 0.00 0.00
====================================================================================================================================
Certificate Account
- ------------------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- ------------------------------------------------------------------------------------------------------------------------------------
1,978,519.53 2,613,202.69 2,007,096.29 (4,167,108.09) 6,549.59 2,438,260.01
====================================================================================================================================
Scheduled Scheduled Amount
Gross Servicing Pass Thru Liquidation Reserve Available for
Interest Fee Interest Proceeds Fund Draw Distribution
- ------------------------------------------------------------------------------------------------------------------------------
2,408,270.21 224,207.80 2,184,062.41 0.00 0.00 5,118,908.97
==============================================================================================================================
Reserve Fund Required Balance
---------------------------------------
Reserve Balance After Before Current After Current
Fund Deposit Current Distribution Excess Distribution Distribution
- ------------------------------------------------------------------- ---------------------------------------
339,465.50 1,353,956.00 0.00 1,353,956.00 1,353,956.00
=================================================================== =======================================
Reserve Fund Required Balance
---------------------------------------
Reserve Balance After Before Current After Current
Fund Deposit Current Distribution Excess Distribution Distribution
- ------------------------------------------------------------------- ---------------------------------------
453,166.88 453,166.88 0.00 453,166.88 453,166.88
=================================================================== =======================================
Reserve Fund Required Balance
---------------------------------------
Reserve Balance After Before Current After Current
Fund Deposit Current Distribution Excess Distribution Distribution
- ------------------------------------------------------------------- ---------------------------------------
63,295.94 63,295.94 0.00 795,581.76 795,581.76
=================================================================== =======================================
P&I Advances at Distribution Date
-------------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
-------------------------------------------------------------------------------------
581,406.04 569,051.77 959,127.99 971,482.26
=====================================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1996-C REPORT DATE: DECEMBER 4, 1996
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 2
REMITTANCE REPORT
REPORTING MONTH: Nov-96 Page 2 of 6
Class B Crossover Test Test Met?
- ------------------------------------------------------------------- ----------------
(a) Remittance date on or after May 2001 N
(b) Average 60 day Delinquency rate <= 5% #DIV/0!
(c) Average 30 day Delinquency rate <= 7% #DIV/0!
(d) Cumulative losses do not exceed the following
percent of the intitial principal balance of all Certificates
Average 30 day delinquency ratio:
Nov. 1996 - Nov. 1997 4% Y
April 2001 - Nov. 2002 7% N
Dec. 2002 - April 2003 8% N
May 2003 - 9% N
(e) Current realized loss ratio <= 2.75% Y
(f) Are class B principal balances plus Accelerated
Principal Distributions > = 24.501%
of stated scheduled pool balance
Beginning B-1 balance 25,726,000.00
Beginning B-2 balance 12,186,224.00
--------------------
37,912,224.00
Divided by beginning pool
balance 269,049,365.49
--------------------
14.091% N
====================
Average 60 day delinquency ratio:
Over 60s Pool Balance %
---------------------------------------------------------
Current Mo 479,880.97 266,338,726.73 0.18%
1st Preceding Mo 0.00 269,049,365.49 0.00%
2nd Preceding Mo 0.00 0.00 #DIV/0!
Divided by 3
-------------
#DIV/0!
=============
Over 30s Pool Balance %
---------------------------------------------------------
Current Mo 3,015,045.94 266,338,726.73 1.13%
1st Preceding Mo 859,000.97 269,049,365.49 0.32%
2nd Preceding Mo 0.00 0.00 #DIV/0!
Divided by 3
----------
#DIV/0!
==========
Cumulative loss ratio:
Cumulative losses 0.00
------------------------
Divided by Initial Certificate Principal 270,791,224.00 0.000%
==========
Current realized loss ratio:
Liquidation Pool
Losses Balance
--------------------------------------------
Current Mo 0.00 266,338,726.73
1st Preceding Mo 0.00 269,049,365.49
2nd Preceding Mo 0.00 0.00
0.000%
==========
OAKWOOD MORTGAGE INVESTORS, INC. 1996-C
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: DECEMBER 4, 1996
REMITTANCE REPORT POOL REPORT # 2
REPORTING MONTH: Nov-96 Page 3 of 6
Delinquency Analysis
31 to 59 days 60 to 89 days 90 days and Over Total Delinq.
No. of Principal Principal Principal Principal Principal
Loans Balance # Balance # Balance # Balance # Balance
------------------------------------------------------------------------------------------------------------
Excluding Repos 8,117 266,033,199.15 70 2,341,770.80 11 375,556.81 1 15,002.75 82 2,732,330.36
Repos 10 305,527.58 6 193,394.17 3 89,321.41 0 0.00 9 282,715.58
------------------------------------------------------------------------------------------------------------
Total 8,127 266,338,726.73 76 2,535,164.97 14 464,878.22 1 15,002.75 91 3,015,045.94
============================================================================================================
1.1% 1.13%
===============================
Repossession Analysis
Active Repos Reversal Current Month
Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal
# Balance # Balance # Balance # Balance
- -----------------------------------------------------------------------------------------------------------
10 305,527.58 0 0.00 9 300,344.17 10 305,527.58
OAKWOOD MORTGAGE INVESTORS, INC. 1996-C
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: DECEMBER 4, 1996
REMITTANCE REPORT POOL REPORT # 2
REPORTING MONTH: Nov-96
Page 4 of 6
REPOSSESSION LIQUIDATION REPORT
Liquidated
Account Customer Principal Sales Insur. Total Repossession
Number Name Balance Proceeds Refunds Proceeds Expenses
- ---------------------------------------------------------------------------------------------------------------------
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-----------------------------------------------------------------------------------
0.00 0.00 0.00 0.00 0.00
====================================================================================
As a percentage of the aggregate cut-off date principal balance
Net Net Current
Liquidation Unrecov. Pass Thru Period Net Cumulative
Proceeds Advances Proceeds Gain/(Loss) Gain/(Loss)
- --------------------------------------------------------------------------------------------
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
- -------------------------------------------------------------------------------------------
0.00 0.00 0.00 0.00 0.00
===========================================================================================
0%
================
OAKWOOD MORTGAGE INVESTORS, INC. 1996-C
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: DECEMBER 4, 1996
REMITTANCE REPORT POOL REPORT # 2
REPORTING MONTH: Nov-96
Page 5 of 6
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Original Beginning Current Accelerated
Cert. Certificate Certificate Principal Principal
Class Balances Balances Payable Distribution
- -----------------------------------------------------------------------------------------------------------------------------------
A-1 50,300,000.00 48,558,141.77 (2,710,638.76) 0.00
A-1 Outstanding Writedown 0.00 0.00 0.00 0.00
A-2 46,970,000.00 46,970,000.00 0.00 0.00
A-2 Outstanding Writedown 0.00 0.00 0.00 0.00
A-3 35,400,000.00 35,400,000.00 0.00 0.00
A-3 Outstanding Writedown 0.00 0.00 0.00 0.00
A-4 20,900,000.00 20,900,000.00 0.00 0.00
A-4 Outstanding Writedown 0.00 0.00 0.00 0.00
A-5 55,614,000.00 55,614,000.00 0.00 0.00
A-5 Outstanding Writedown 0.00 0.00 0.00 0.00
A-6 23,695,000.00 23,695,000.00 0.00 0.00
A-6 Outstanding Writedown 0.00 0.00 0.00 0.00
B-1 25,726,000.00 25,726,000.00 0.00 0.00
B-1 Outstanding Writedown 0.00 0.00 0.00 0.00
B-2 12,186,224.00 12,186,224.00 0.00 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00 0.00
Excess Asset Principal Balance 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------
270,791,224.00 269,049,365.77 (2,710,638.76) 0.00
==========================================================================================
Ending Principal Paid
Cert. Writedown Certificate Pool Per $1,000
Class Amounts Balances Factor Denomination
- ------------------------- --------------------------------------------------------------------------------
A-1 0.00 45,847,503.01 91.14812% 53.89
A-1 Outstanding Writedown 0.00 0.00 0.00 0.00
A-2 0.00 46,970,000.00 100.00000% 0.00
A-2 Outstanding Writedown 0.00 0.00 0.00 0.00
A-3 0.00 35,400,000.00 100.00000% 0.00
A-3 Outstanding Writedown 0.00 0.00 0.00 0.00
A-4 0.00 20,900,000.00 100.00000% 0.00
A-4 Outstanding Writedown 0.00 0.00 0.00 0.00
A-5 0.00 55,614,000.00 100.00000% 0.00
A-5 Outstanding Writedown 0.00 0.00 0.00 0.00
A-6 0.00 23,695,000.00 100.00000% 0.00
A-6 Outstanding Writedown 0.00 0.00 0.00 0.00
B-1 0.00 25,726,000.00 100.00000% 0.00
B-1 Outstanding Writedown 0.00 0.00 0.00 0.00
B-2 0.00 12,186,224.00 100.00000% 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00 0.00
Excess Asset Principal Balance 0.00 0.00
----------------------------
0.00 266,338,727.01
============================
OAKWOOD MORTGAGE INVESTORS, INC. 1996-C
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: DECEMBER 4, 1996
REMITTANCE REPORT POOL REPORT # 2
REPORTING MONTH: Nov-96
Page 6 of 6
CERTIFICATE INTEREST ANALYSIS
Interest Paid
Certificate Remittance Beginning Current Total Interest Ending Per $1,000 Cert. TOTAL
Class Rate Balance Accrual Paid Shortfall Balance Denomination Class DISTRIBUTION
-------------------------------------------------------------------------------------------------------------
A-1 5.48500% 0.00 221,951.17 221,951.17 0.00 0.00 4.57 A-1 2,932,589.93
A-1 Carryover Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-1 Writedown Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-2 6.45000% 0.00 252,463.75 252,463.75 0.00 0.00 5.38 A-2 252,463.75
A-2 Carryover Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-2 Writedown Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-3 6.75000% 0.00 199,125.00 199,125.00 0.00 0.00 5.63 A-3 199,125.00
A-3 Carryover Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-3 Writedown Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-4 7.00000% 0.00 121,916.67 121,916.67 0.00 0.00 5.83 A-4 121,916.67
A-4 Carryover Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-4 Writedown Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-5 7.35000% 0.00 340,635.75 340,635.75 0.00 0.00 6.13 A-5 340,635.75
A-5 Carryover Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-5 Writedown Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-6 7.65000% 0.00 151,055.63 151,055.63 0.00 0.00 6.38 A-6 151,055.63
A-6 Carryover Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-6 Writedown Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B-1 7.96000% 0.00 170,649.13 170,649.13 0.00 0.00 6.63 B-1 170,649.13
B-1 Carryover Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B-1 Writedown Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B-2 9.31000% 0.00 94,544.79 94,544.79 0.00 0.00 7.76 B-2 94,544.79
B-2 Carryover Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B-2 Writedown Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X ** 0.00 631,720.52 0.00 0.00 0.00 X 0.00
R - 0.00 0.00 0.00 0.00 0.00 R-1 0.00
Service Fee ** 225,659.35 224,207.80 0.00 0.00 449,867.15 0.00
--------------------------------------------------------------------- --------------
225,659.35 2,408,270.21 1,552,341.89 0.00 449,867.15 4,262,980.65
** Reserve Fund Deposit 339,465.50 339,465.50
Class A-6 Liquidity Account 453,166.88 453,166.88
Class B Liquidity Account 63,295.94 63,295.94
============= ==============
2,408,270.21 5,118,908.97
============= ==============