OAKWOOD MORTGAGE INVESTORS, INC. 1996-C AMENDED REPORT DATE: NOVEMBER 4, 1996
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 1
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: Oct-96
Scheduled Principal Balance of Contracts
- -------------------------------------------------------------------------------------------------------------------
Beginning Ending Scheduled
Principal Scheduled Prepaid Liquidated Contracts Principal Gross
Balance Principal Principal Principal Repurchased Balance Interest
- ------------------------------------------------------------------------------------------------------------------------------------
270,791,223.72 (428,007.58) (1,313,850.65) 0.00 0.00 269,049,365.49 2,424,523.47
====================================================================================================================================
Scheduled Amount
Servicing Pass Thru Liquidation Reserve Available for
Fee Interest Proceeds Fund Draw Distribution
- -------------------------------------------------------------------------------------
225,659.35 2,198,864.12 0.00 0.00 4,166,381.70
=====================================================================================
Reserve Fund as of Cutoff Date
- ------------------------------------------------------------------------------------------------------------
Beginning Investment Balance Before Reserve Reserve Balance After
Balance Deposits Distrib. Interest Current Distribution Fund Draw Fund Deposit Current Distribution Excess
- ------------------------------------------------------------------------------------------------------------------------------------
0.00 0.00 0.00 0.00 0.00 0.00 1,013,927.91 1,013,927.91 0.00
====================================================================================================================================
Reserve Fund Required Balance
- -----------------------------------
Before Current After Current
Distribution Distribution
- -----------------------------------
1,353,956.00 1,353,956.00
===================================
Class A-6 Liquidity Account
Beginning Investment Balance Before Reserve Reserve Balance After
Balance Deposits Distrib. Interest Current Distribution Fund Draw Fund Deposit Current Distribution Excess
- ---------------------------------------------------------------------------------------------------------------------------------
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
=================================================================================================================================
Reserve Fund Required Balance
- -----------------------------------
Before Current After Current
Distribution Distribution
- -----------------------------------
453,166.88 453,166.88
===================================
Class B Liquidity Account
Beginning Investment Balance Before Reserve Reserve Balance After
Balance Deposits Distrib. Interest Current Distribution Fund Draw Fund Deposit Current Distribution Excess
- ----------------------------------------------------------------------------------------------------------------------------------
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
==================================================================================================================================
Reserve Fund Required Balance
- -----------------------------------
Before Current After Current
Distribution Distribution
- -----------------------------------
795,581.76 795,581.76
===================================
Certificate Account
- -------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- -------------------------------------------------------------------------------------------------------------------
- 1,388,912.11 588,881.03 - 726.39 1,978,519.53
===================================================================================================================
P&I Advances at Distribution Date
-------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
-------------------------------------------------------------------
- - 581,406.04 581,406.04
===================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1996-C AMENDED REPORT DATE: NOVEMBER 4, 1996
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 1
REMITTANCE REPORT
REPORTING MONTH: Oct-9 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% N
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 270,791,223.72
--------------------
14.001% N
====================
Average 60 day delinquency ratio:
Over 60s Pool Balance %
-----------------------------------------------------
Current Mo 0.00 269,049,365.49 0.00%
1st Preceding Mo 0.00 0.0 #DIV/0!
2nd Preceding Mo 0.00 0.00 #DIV/0!
Divided by 3
-------------
#DIV/0!
=============
Over 30s Pool Balance %
-----------------------------------------------------
Current Mo 859,000.97 269,049,365.49 0.32%
1st Preceding Mo 0.00 0.00 #DIV/0!
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 0.00 269,049,365.49
1st Preceding Mo 0.00 0.00
2nd Preceding Mo 0.00 0.00
0.000%
=============
OAKWOOD MORTGAGE INVESTORS, INC. 1996-C AMENDED REPORT DATE: NOVEMBER 4, 1996
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 1
REMITTANCE REPORT
REPORTING MONTH: Oct-9 Page 3 of 6
Delinquency Analysis
31 to 59 days 60 to 89 days 90 days and Over
No. of Principal Principal Principal Principal
Loans Balance # Balance # Balance # Balance
-----------------------------------------------------------------------------------------------------
Excluding Repos 8,190 269,044,182.08 30 853,817.56 0 0.00 0 0.00
Repos 1 5,183.41 1 5,183.41 0 0.00 0 0.00
-----------------------------------------------------------------------------------------------------
Total 8,191 269,049,365.49 31 859,000.97 0 0.00 0 0.00
=====================================================================================================
Repossession AnalysiS
Active Repos Reversal Current Month
Total Delinq. Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal Principal
# Balance # Balance # Balance # Balance # Balance
- ---------------------------------------------------------------------------------------------
30 853,817.56 1 5,183.41 0 0.00 1 5,183.41 1 5,183.41
1 5,183.41
- -----------------
31 859,000.97
=================
0.4% 0.32%
=====================
OAKWOOD MORTGAGE INVESTORS, INC. 1996-C AMENDED
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: NOVEMBER 4, 1996
REMITTANCE REPORT POOL REPORT # 1
REPORTING MONTH: Oct-96
Page 4 of 6
REPOSSESSION LIQUIDATION REPORT
Liquidated Net
Account Customer Principal Sales Insur. Total Repossession Liquidation Unrecov.
Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds Advances
- ----------------------------------------------------------------------------------------------------------------------------------
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
======================================================================================================
Net Current
Pass Thru Period Net Cumulative
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
====================================
As a percentage of the
aggregate cut-off date
principal balance 0%
==============
OAKWOOD MORTGAGE INVESTORS, INC. 1996-C AMENDED
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: NOVEMBER 4, 1996
REMITTANCE REPORT POOL REPORT # 1
REPORTING MONTH: Oct-96
Page 5 of 6
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Original Beginning Current Accelerated
Cert. Certificate Certificate Principal Principal Writedown
Class Balances Balances Payable Distribution Amounts
- ------------------------------------------------------------------------------------------------------------------------
A-1 50,300,000.00 50,300,000.00 (1,741,858.23) 0.00 0.00
A-1 Outstanding Writedown 0.00 0.00 0.00 0.00 0.00
A-2 46,970,000.00 46,970,000.00 0.00 0.00 0.00
A-2 Outstanding Writedown 0.00 0.00 0.00 0.00 0.00
A-3 35,400,000.00 35,400,000.00 0.00 0.00 0.00
A-3 Outstanding Writedown 0.00 0.00 0.00 0.00 0.00
A-4 20,900,000.00 20,900,000.00 0.00 0.00 0.00
A-4 Outstanding Writedown 0.00 0.00 0.00 0.00 0.00
A-5 55,614,000.00 55,614,000.00 0.00 0.00 0.00
A-5 Outstanding Writedown 0.00 0.00 0.00 0.00 0.00
A-6 23,695,000.00 23,695,000.00 0.00 0.00 0.00
A-6 Outstanding Writedown 0.00 0.00 0.00 0.00 0.00
B-1 25,726,000.00 25,726,000.00 0.00 0.00 0.00
B-1 Outstanding Writedown 0.00 0.00 0.00 0.00 0.00
B-2 12,186,224.00 12,186,224.00 0.00 0.00 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00 0.00 0.00
Excess Asset Principal Balance 0.00 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------
270,791,224.00 270,791,224.00 (1,741,858.23) 0.00 0.00
=========================================================================================
Ending Principal Paid
Certificate Pool Per $1,000
Balances Factor Denomination
- -------------------------------------------------
48,558,141.77 96.53706% 34.63
0.00 0.00 0.00
46,970,000.00 100.00000% 0.00
0.00 0.00 0.00
35,400,000.00 100.00000% 0.00
0.00 0.00 0.00
20,900,000.00 100.00000% 0.00
0.00 0.00 0.00
55,614,000.00 100.00000% 0.00
0.00 0.00 0.00
23,695,000.00 100.00000% 0.00
0.00 0.00 0.00
25,726,000.00 100.00000% 0.00
0.00 0.00 0.00
12,186,224.00 100.00000% 0.00
0.00 0.00 0.00
0.00
- ---------------
269,049,365.77
===============
OAKWOOD MORTGAGE INVESTORS, INC. 1996-C AMENDED
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: NOVEMBER 4, 1996
REMITTANCE REPORT POOL REPORT # 1
REPORTING MONTH: Oct-96
Page 6 of 6
CERTIFICATE INTEREST ANALYSIS
Interest Paid
Certificate Remittance Beginning Current Total Interest Ending Per $1,000
Class Rate Balance Accrual Paid Shortfall Balance Denomination
-------------------------------------------------------------------------------------------------------
A-1 5.4850% 0.00 168,602.81 168,602.81 0.00 0.00 3.35
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 6.4500% 0.00 252,463.75 252,463.75 0.00 0.00 5.38
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 6.7500% 0.00 199,125.00 199,125.00 0.00 0.00 5.63
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 7.0000% 0.00 121,916.67 121,916.67 0.00 0.00 5.83
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 7.3500% 0.00 340,635.75 340,635.75 0.00 0.00 6.13
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 7.6500% 0.00 151,055.63 151,055.63 0.00 0.00 6.38
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 7.9600% 0.00 113,766.09 113,766.09 0.00 0.00 4.42
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 9.3100% 0.00 63,029.86 63,029.86 0.00 0.00 5.17
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) 788,268.56 (0.00) 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
Service Fee ** 0.00 225,659.35 0.00 0.00 225,659.35
-----------------------------------------------------------------------
(0.00) 2,424,523.47 1,410,595.56 0.00 225,659.35
** Reserve Fund Deposit 1,013,927.91
================
2,424,523.47
================
Cert. TOTAL
Class DISTRIBUTION
- -----------------------------------
A-1 1,910,461.04
A-2 252,463.75
A-3 199,125.00
A-4 121,916.67
A-5 340,635.75
A-6 151,055.63
B-1 113,766.09
B-2 63,029.86
X (0.00)
R-1 0.00
0.00
------------------
3,152,453.79
1,013,927.91
==================
4,166,381.70
==================