OAKWOOD MORTGAGE INVESTORS, INC. 1996-B REPORT DATE: SEPTEMBER 8, 1997
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 14
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: AUGUST 30, 1997
Scheduled Principal Balance of Contracts
- -----------------------------------------------------------------------------------------------------------------------
Beginning Ending Scheduled
Principal Scheduled Prepaid Liquidated Contracts Principal Gross
Balance Principal Principal Principal Repurchased Balance Interest
- -----------------------------------------------------------------------------------------------------------------------
193,915,703.54 (522,724.88) (614,844.84) (775,998.82) 0.00 192,002,135.00 1,817,359.89
=======================================================================================================================
Scheduled Amount
Servicing Pass Thru Liquidation Reserve Available for
Fee Interest Proceeds Fund Draw Distribution
- --------------------------------------------------------------------------------------------
161,596.42 1,655,763.47 525,351.08 0.00 3,480,280.69
============================================================================================
Mezzanine Reserve Fund as of Cutoff Date
- ---------------------------------------------------------------------------------------------------------------
Beginning Investment Balance Before Reserve
Balance Deposits Distrib. Interest Current Distribution Fund Draw
- ---------------------------------------------------------------------------------------------------------------
433,087.38 0.00 -1,762.38 1,795.43 433,120.43 0.00
===============================================================================================================
Reserve Balance After
Fund Deposit Current Distribution Excess
- ------------------------------------------------------------------
0.00 433,120.43 1,795.43
==================================================================
Reserve Fund Required Balance
--------------------------------------
Before Current After Current
Distribution Distribution
--------------------------------------
431,325.00 431,325.00
======================================
Reserve Fund Required Balance
--------------------------------------
Before Current After Current
Distribution Distribution
--------------------------------------
323,494.00 323,494.00
======================================
Reserve Fund Required Balance
--------------------------------------
Before Current After Current
Distribution Distribution
--------------------------------------
215,662.00 215,662.00
======================================
Class B-1 Reserve Fund as of Cutoff Date
Beginning Investment Balance Before Reserve
Balance Deposits Distrib. Interest Current Distribution Fund Draw
- ----------------------------------------------------------------------------------------------------------------------
324,815.78 0.00 -1,321.78 1,346.57 324,840.57 0.00
======================================================================================================================
Reserve Balance After
Fund Deposit Current Distribution Excess
- ------------------------------------------------------------------
0.00 324,840.57 1,346.57
==================================================================
Class B-2 Reserve Fund as of Cutoff Date
Beginning Investment Balance Before Reserve
Balance Deposits Distrib. Interest Current Distribution Fund Draw
- -------------------------------------------------------------------------------------------------------------------
216,543.18 0.00 -881.18 897.71 216,559.71 0.00
===================================================================================================================
Reserve Balance After
Fund Deposit Current Distribution Excess
- ------------------------------------------------------------------
0.00 216,559.71 897.71
==================================================================
Certificate Account
- -----------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- -----------------------------------------------------------------------------------------------------------------
903,795.33 1,889,589.75 1,745,071.04 (3,830,979.76) 2,660.41 710,136.77
=================================================================================================================
P&I Advances at Distribution Date
- --------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
- --------------------------------------------------------------------------------
1,786,731.88 1,646,526.40 1,690,705.92 1,830,911.40
================================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1996-B
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: AUGUST 30, 1997
Class B Crossover Test Test Met?
- ---------------------------------------------------------------- ---------------
(a) Remittance date on or after January 2001 N
(b) Average 60 day Delinquency rate <= 5% Y
(c) Average 30 day Delinquency rate <= 7% Y
(d) Cumulative losses do not exceed the following
percent of the intitial principal balance of all Certificates
Aug. 1996 -Aug. 1997 4% N
Jan 2001 -Aug. 2002 7% N
Aug. 2002 - Jan. 2003 8% N
Jan, 2003 - 9% N
(e) Current realized loss ratio <= 2.75% Y
(f) Are class B principal balances plus Accelerated
Principal Distributions > = 22.750%
of stated scheduled pool balance
Beginning B-1 balance 16,983,002.06
Beginning B-2 balance 10,614,543.63
Beginning Accelerated Principal Distribution 438,749.31
-----------------------
28,036,295.00
Divided by beginning pool
balance 193,915,703.54
-----------------------
14.458% N
=======================
REPORT DATE: SEPTEMBER 8, 1997
POOL REPORT # 14
Page 2 of 6 `
Average 60 day delinquency ratio:
Over 60s Pool Balance %
------------------------------------------------------
Current Mo 6,809,849.22 192,002,135.00 3.55%
1st Preceding Mo 7,296,129.14 193,915,703.54 3.76%
2nd Preceding Mo 7,376,620.46 195,905,885.32 3.77%
Divided by 3
-----------
3.69%
============
Average 30 day delinquency ratio
Over 30s Pool Balance %
------------------------------------------------------
Current Mo 11,275,310.44 192,002,135.00 5.87%
1st Preceding Mo 10,427,143.86 193,915,703.54 5.38%
2nd Preceding Mo 10,482,048.26 195,905,885.32 5.35%
Divided by 3
-----------
5.53%
===========
Cumulative loss ratio:
Cumulative losses 1,624,183.34
------------------------
Divided by Initial Certificate Principal 215,662,295.00 0.753%
============
Current realized loss ratio:
Liquidation Pool
Losses Balance
-------------------------------------------
Current Mo 250,647.74 193,915,703.54
1st Preceding Mo 160,300.92 195,905,885.32
2nd Preceding Mo 210,269.58 198,054,500.71
1.274%
============
OAKWOOD MORTGAGE INVESTORS, INC. 1996-B
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT REPORT DATE: SEPTEMBER 8, 1997
REPORTING MONTH: AUGUST 30, 1997
POOL REPORT # 14
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 7,028 187,887,530.43 155 4,352,012.86 27 777,865.51 64 2,089,873.55
Repos 135 4,114,604.57 4 113,448.36 8 201,711.88 121 3,740,398.28
--------------------------------------------------------------------------------------------------------------
Total 7,163 192,002,135.00 159 4,465,461.22 35 979,577.39 185 5,830,271.83
==============================================================================================================
Repossession Analysis
Active Repos Reversal Current Month
Total Delinq. Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal Principal
# Balance # Balance # Balance # Balance # Balance
-----------------------------------------------------------------------------------------------------------------
Excluding Repos 246 7,219,751.92 135 4,114,604.57 0 0.00 30 868,431.12 361 9,754,473.57
Repos 133 4,055,558.52
----------------------
Total 379 11,275,310.44
======================
5.3% 5.87%
=====================
OAKWOOD MORTGAGE INVESTORS, INC. 1996-B
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: SEPTEMBER 8, 1997
REMITTANCE REPORT POOL REPORT # 14
REPORTING MONTH: AUGUST 30, 1997
Page 4 of 6
REPOSSESSION LIQUIDATION REPORT
Liquidated Net
Account Customer Principal Sales Insur. Total Repossession Liquidation
Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds
- ------------------------------------------------------------------------------------------------------------------------------------
089163-0 CLAYTON 27,626.27 22,400.00 385.53 22,785.53 5,167.00 17,618.53
090496-1 EDINGTON 15,255.58 13,900.00 0.00 13,900.00 5,592.61 8,307.39
090927-5 WALKER 30,902.25 26,400.00 1,862.90 28,262.90 3,552.43 24,710.47
093402-6 MOUNCE 26,617.82 25,400.00 0.00 25,400.00 4,023.76 21,376.24
095383-6 NEUGENT 14,846.96 17,500.00 169.73 17,669.73 8,140.07 9,529.66
093218-6 CLINE 21,837.81 18,400.00 2,050.77 20,450.77 3,122.21 17,328.56
094756-4 PETRILLA 26,666.97 24,400.00 1,497.77 25,897.77 4,326.73 21,571.04
090013-4 HUDSON 32,916.06 32,400.00 1,049.40 33,449.40 7,117.92 26,331.48
089361-0 ADAMES 42,854.34 40,600.00 1,908.52 42,508.52 4,776.11 37,732.41
087812-4 GALLEGOS 30,844.26 28,400.00 1,547.48 29,947.48 2,144.80 27,802.68
089973-2 HUFFMAN 37,818.22 37,400.00 1,660.21 39,060.21 1,122.00 37,938.21
013006-2 MAYHORN 7,518.74 8,483.83 0.00 8,483.83 0.00 8,483.83
089374-3 KING 24,652.71 7,500.00 0.00 7,500.00 0.00 7,500.00
092129-6 BOISE 50,396.36 42,300.00 0.00 42,300.00 496.87 41,803.13
092011-6 CHAPMAN 38,602.39 36,500.00 542.52 37,042.52 4,017.95 33,024.57
092243-5 JENKINS 37,517.77 29,900.00 723.17 30,623.17 4,263.84 26,359.33
089878-3 RIFE 33,702.31 13,500.00 446.02 13,946.02 4,260.00 9,686.02
090824-4 BENNETT 23,980.36 21,560.00 1,106.96 22,666.96 3,048.54 19,618.42
093449-7 ROQUE 34,619.01 32,100.00 2,620.68 34,720.68 2,154.64 32,566.04
088389-2 LARA 25,377.09 19,900.00 1,558.69 21,458.69 597.00 20,861.69
087995-7 MARTIN 30,927.06 30,200.00 1,537.50 31,737.50 2,215.65 29,521.85
092538-8 SCHMIDT 21,034.72 19,400.00 915.55 20,315.55 2,904.86 17,410.69
093971-0 EMMONS 28,931.31 29,650.00 0.00 29,650.00 8,840.49 20,809.51
092228-6 PERRY 28,336.58 26,400.00 1,872.88 28,272.88 4,253.34 24,019.54
094146-8 FRYE 39,459.88 34,900.00 996.21 35,896.21 1,837.00 34,059.21
089899-9 WATFORD 13,380.02 4,655.00 691.58 5,346.58 3926.91 1,419.67
089798-3 ROSS 29,375.97 22,500.00 1,062.24 23,562.24 5231.73 18,330.51
0.00 0.00
===============================================================================================
775,998.82 666,648.83 26,206.31 692,855.14 97,134.46 595,720.68
===============================================================================================
Net Current
Account Customer Unrecov. Pass Thru Period Net Cumulative
Number Name Advances Proceeds Gain/(Loss) Gain/(Loss)
- ---------------------------------------------------------------------------------------------
089163-0 CLAYTON 3,963.44 13,655.09 (13,971.18)
090496-1 EDINGTON 2,590.20 5,717.19 (9,538.39)
090927-5 WALKER 2,270.34 22,440.13 (8,462.12)
093402-6 MOUNCE 2,115.12 19,261.12 (7,356.70)
095383-6 NEUGENT 2,636.92 6,892.74 (7,954.22)
093218-6 CLINE 2,163.69 15,164.87 (6,672.94)
094756-4 PETRILLA 2,721.69 18,849.35 (7,817.62)
090013-4 HUDSON 1,637.34 24,694.14 (8,221.92)
089361-0 ADAMES 2,750.70 34,981.71 (7,872.63)
087812-4 GALLEGOS 2,723.12 25,079.56 (5,764.70)
089973-2 HUFFMAN 1,593.24 36,344.97 (1,473.25)
013006-2 MAYHORN 1,244.60 7,239.23 (279.51)
089374-3 KING 2,120.04 5,379.96 (19,272.75)
092129-6 BOISE 2,316.30 39,486.83 (10,909.53)
092011-6 CHAPMAN 2,938.25 30,086.32 (8,516.07)
092243-5 JENKINS 5,544.50 20,814.83 (16,702.94)
089878-3 RIFE 4,837.25 4,848.77 (28,853.54)
090824-4 BENNETT 1,585.92 18,032.50 (5,947.86)
093449-7 ROQUE 2,144.40 30,421.64 (4,197.37)
088389-2 LARA 1,357.50 19,504.19 (5,872.90)
087995-7 MARTIN 2,246.79 27,275.06 (3,652.00)
092538-8 SCHMIDT 1,432.68 15,978.01 (5,056.71)
093971-0 EMMONS 3,180.51 17,629.00 (11,302.31)
092228-6 PERRY 1,570.56 22,448.98 (5,887.60)
094146-8 FRYE 2,524.14 31,535.07 (7,924.81)
089899-9 WATFORD 3,120.39 (1,700.72) (15,080.74)
089798-3 ROSS 5,039.97 13,290.54 (16,085.43)
0.00 0.00
=====================================================================
70,369.60 525,351.08 (250,647.74) (1,624,183.34)
=====================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1996-B
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: SEPTEMBER 8, 1997
REMITTANCE REPORT POOL REPORT # 14
REPORTING MONTH: AUGUST 30, 1997
Page 5 of 6
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Original Beginning Current Accelerated
Cert. Certificate Certificate Principal Principal
Class Balances Balances Payable Distribution
- -----------------------------------------------------------------------------------------------------------------------------
A-1 45,290,000.00 23,543,408.54 (1,913,568.54) 0.00
A-1 Outstanding Writedown 0.00 0.00 0.00 0.00
A-2 35,585,000.00 35,585,000.00 0.00 0.00
A-2 Outstanding Writedown 0.00 0.00 0.00 0.00
A-3 32,350,000.00 32,350,000.00 0.00 0.00
A-3 Outstanding Writedown 0.00 0.00 0.00 0.00
A-4 22,642,000.00 22,642,000.00 0.00 0.00
A-4 Outstanding Writedown 0.00 0.00 0.00 0.00
A-5 32,350,000.00 32,350,000.00 0.00 0.00
A-5 Outstanding Writedown 0.00 0.00 0.00 0.00
A-6 19,409,000.00 19,409,000.00 0.00 0.00
A-6 Outstanding Writedown 0.00 0.00 0.00 0.00
B-1 17,253,000.00 16,983,002.06 0.00 0.00
B-1 Outstanding Writedown 0.00 0.00 0.00 0.00
B-2 10,783,295.00 10,614,543.63 0.00 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00 0.00
Excess Asset Principal Balance 0.00 438,749.31 0.00 0.00
----------------------------------------------------------------------------------------------
215,662,295.00 193,915,703.54 (1,913,568.54) 0.00
===========================================================================================
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Ending Principal Paid
Cert. Writedown Certificate Pool Per $1,000
Class Amounts Balances Factor Denomination
- ---------------------------------------------------------------------------------------------------------------------
A-1 0.00 21,629,840.00 47.75853% 42.25
A-1 Outstanding Writedown 0.00 0.00 0.00 0.00
A-2 0.00 35,585,000.00 100.00000% 0.00
A-2 Outstanding Writedown 0.00 0.00 0.00 0.00
A-3 0.00 32,350,000.00 100.00000% 0.00
A-3 Outstanding Writedown 0.00 0.00 0.00 0.00
A-4 0.00 22,642,000.00 100.00000% 0.00
A-4 Outstanding Writedown 0.00 0.00 0.00 0.00
A-5 0.00 32,350,000.00 100.00000% 0.00
A-5 Outstanding Writedown 0.00 0.00 0.00 0.00
A-6 0.00 19,409,000.00 100.00000% 0.00
A-6 Outstanding Writedown 0.00 0.00 0.00 0.00
B-1 0.00 16,983,002.06 98.43507% 0.00
B-1 Outstanding Writedown 0.00 0.00 0.00 0.00
B-2 0.00 10,614,543.63 98.43507% 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00 0.00
Excess Asset Principal Balance 0.00 438,749.31
--------------------------------
0.00 192,002,135.00
================================
OAKWOOD MORTGAGE INVESTORS, INC. 1996-B
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: SEPTEMBER 8, 1997
REMITTANCE REPORT POOL REPORT # 14
REPORTING MONTH: AUGUST 30, 1997
Page 6 of 6
CERTIFICATE INTEREST ANALYSIS
Certificate Remittance Beginning Current Total Interest
Class Rate Balance Accrual Paid Shortfall
-----------------------------------------------------------------------------------------------
A-1 5.76234% 0.00 116,822.75 116,822.75 0.00
A-1 Carryover Interest 0.00 0.00 0.00 0.00 0.00
A-1 Writedown Interest 0.00 0.00 0.00 0.00 0.00
A-2 6.80000% 0.00 201,648.33 201,648.33 0.00
A-2 Carryover Interest 0.00 0.00 0.00 0.00 0.00
A-2 Writedown Interest 0.00 0.00 0.00 0.00 0.00
A-3 7.10000% 0.00 191,404.17 191,404.17 0.00
A-3 Carryover Interest 0.00 0.00 0.00 0.00 0.00
A-3 Writedown Interest 0.00 0.00 0.00 0.00 0.00
A-4 7.35000% 0.00 138,682.25 138,682.25 0.00
A-4 Carryover Interest 0.00 0.00 0.00 0.00 0.00
A-4 Writedown Interest 0.00 0.00 0.00 0.00 0.00
A-5 7.65000% 0.00 206,231.25 206,231.25 0.00
A-5 Carryover Interest 0.00 0.00 0.00 0.00 0.00
A-5 Writedown Interest 0.00 0.00 0.00 0.00 0.00
A-6 8.00000% 0.00 129,393.33 129,393.33 0.00
A-6 Carryover Interest 0.00 0.00 0.00 0.00 0.00
A-6 Writedown Interest 0.00 0.00 0.00 0.00 0.00
B-1 8.39200% 0.00 118,767.79 118,767.79 0.00
B-1 Carryover Interest 0.00 0.00 0.00 0.00 0.00
B-1 Writedown Interest 0.00 0.00 0.00 0.00 0.00
B-2 9.64400% 0.00 85,305.55 85,305.55 0.00
B-2 Carryover Interest 0.00 0.00 0.00 0.00 0.00
B-2 Writedown Interest 0.00 0.00 0.00 0.00 0.00
X 785,785.44 386,709.84 216,860.31 169,849.53
Service Fee 161,596.42 161,596.42 0.00
--------------------------------------------------------------------------------
785,785.44 1,736,561.68 1,566,712.15 169,849.53
CUMULATIVE UNPAID "X" 955,634.97
CUMULATIVE UNPAID TURBO 668,548.37
--------------------
CUMULATIVE TOTAL LOSSES 1,624,183.34
--------------------
CERTIFICATE INTEREST ANALYSIS
Interest Paid
Certificate Ending Per $1,000 Cert. TOTAL
Class Balance Denomination Class DISTRIBUTION
-----------------------------------------------------------------------------
A-1 0.00 4.96 A-1 2,030,391.29
A-1 Carryover Interest 0.00 0.00
A-1 Writedown Interest 0.00 0.00
A-2 0.00 5.67 A-2 201,648.33
A-2 Carryover Interest 0.00 0.00
A-2 Writedown Interest 0.00 0.00
A-3 0.00 5.92 A-3 191,404.17
A-3 Carryover Interest 0.00 0.00
A-3 Writedown Interest 0.00 0.00
A-4 0.00 6.13 A-4 138,682.25
A-4 Carryover Interest 0.00 0.00
A-4 Writedown Interest 0.00 0.00
A-5 0.00 6.38 A-5 206,231.25
A-5 Carryover Interest 0.00 0.00
A-5 Writedown Interest 0.00 0.00
A-6 0.00 6.67 A-6 129,393.33
A-6 Carryover Interest 0.00 0.00
A-6 Writedown Interest 0.00 0.00
B-1 0.00 6.99 B-1 118,767.79
B-1 Carryover Interest 0.00 0.00
B-1 Writedown Interest 0.00 0.00
B-2 0.00 8.04 B-2 85,305.55
B-2 Carryover Interest 0.00 0.00
B-2 Writedown Interest 0.00 0.00
X 955,634.97 X 216,860.31
Service Fee 0.00 161,596.42
----------------- ---------------------
955,634.97 3,480,280.69