DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE MARCH 6, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 2
REMITTANCE REPORT Page 1 of 7
REPORTING MONTH: Feb-98
Scheduled Principal Balance of Contracts
- ------------------------------------------------------------------------------------------
Beginning Ending
Principal Scheduled Prepaid Liquidated Contracts Principal
Balance Principal Principal Principal Repurchased Balance
- -------------------------------------------------------------------------------------------
228,083,920.94 (243,066.88) (705,715.15) 0.00 0.00 227,135,138.91
===========================================================================================
Scheduled Amount
Gross Servicing Pass Thru Liquidation Reserve Available for
Interest Fee Interest Proceeds Fund Draw Distribution
- --------------------------------------------------------------------------------------
1,946,241.91 190,069.93 1,756,171.98 0.00 0.00 2,895,023.94
======================================================================================
Certificate Account
- ---------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- ---------------------------------------------------------------------------------------------
1,745,338.10 918,730.88 1,704,125.96 (3,266,810.35) 4,179.46 1,105,564.05
=============================================================================================
P&I Advances at Distribution Date
- ------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
- ------------------------------------------------------------------
598,339.16 567,257.71 599,125.75 630,207.20
==================================================================
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE MARCH 6, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 2
REMITTANCE REPORT
REPORTING MONTH: Feb-98 Page 2 of 7
Class B Crossover Test Test Met?
- ---------------------------------------------------------------- -------------
(a) Remittance date on or after August 2002 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
AUG 2002 - JAN 2004 7% N
FEB 2004 - JAN 2005 8% N
FEB 2005 and after 9% N
(e) Current realized loss ratio <= 2.75% Y
(f) Does subordinate certificate percentage equal or exceed 36.751% of stated
scheduled pool balance
Beginning M balance 18,352,000.00
Beginning B-1 balance 20,645,000.00
Beginning B-2 balance 9,176,046.00
Current Overcollateralization 525,722.75 N
--------------------
48,698,768.75
Divided by beginning pool
balance 228,083,920.94
--------------------
21.351%
====================
Average 60 day delinquency ratio:
Over 60s Pool Balance %
-------------------------------------------------------
Current Mo 1,611,961.82 227,135,138.91 0.71%
1st Preceding Mo 111,258.82 228,083,920.94 0.05%
2nd Preceding Mo 0.00 0.00 #DIV/0!
Divided by 3
---------
#DIV/0!
=========
Average 30 day delinquency ratio:
Over 30s Pool Balance %
----------------------------------------------------------
Current Mo 7,412,794.80 227,135,138.91 3.26%
1st Preceding Mo 4,262,311.48 228,083,920.94 1.87%
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 229,392,046.00 0.000%
=========
Current realized loss ratio:
Liquidation Pool
Losses Balance
--------------------------------------
Current Mo 0.00 227,135,138.91
1st Preceding Mo 0.00 228,083,920.94
2nd Preceding Mo 0.00 0.00
0.000%
=========
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE MARCH 6, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 2
REMITTANCE REPORT Page 3 of 7
REPORTING MONTH: Feb-98
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
--------------------------------------------------------------------------------------------------------------
Non Repos 5,698 226,925,233.72 153 5,775,506.95 35 1,353,517.55 1 48,539.08
Repos 7 209,905.19 1 25,326.03 7 209,905.19 0 0.00
--------------------------------------------------------------------------------------------------------------
Total 5,705 227,135,138.91 154 5,800,832.98 42 1,563,422.74 1 48,539.08
==============================================================================================================
Repossession Analysis
Active Repos Reversal Current Month
Total Delinq. Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal Principal
# Balance # Balance # Balance # Balance # Balance
-------------------------------------------------------------------------------------------------------------------
Non Repos 189 7,177,563.58 7 209,905.19 0 0.00 7 209,905.19 7 209,905.19
Repos 8 235,231.22
--------------------------
Total 197 7,412,794.80
==========================
3.5% 3.26%
===========================
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE MARCH 6, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 2
REMITTANCE REPORT Page 4 of 7
REPORTING MONTH: Feb-98
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 0.00 0.00
================================================================================
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 0.00
- -----------------------------------------------------------------
0.00 0.00 0.00 0.00 0.00
=================================================================================
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE MARCH 6, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 2
REMITTANCE REPORT Page 5 of 7
REPORTING MONTH: Feb-98
ACCELERATED PRINCIPAL DISTRIBUTION CALCULATION:
The Accelerated Principal Distribution is equal to the lesser of
(C) or the positive difference, if any, between (A) and (B)
(A) TARGET OVERCOLLATERALIZATION AMOUNT 1,720,440.35
---------------
(B) CURRENT OVERCOLLATERALIZATION AMOUNT
The positive difference, if any, between
Scheduled Principal Balance 228,083,920.94
Certificate Principal Balance of all outstanding Classes of Certificates 227,558,198.14
----------------
525,722.80
----------------
(C) CURRENT CLASS X STRIP AMOUNT 525,055.91
----------------
ACCELERATED PRINCIPAL DISTRIBUTION AMOUNT 525,055.91
----------------
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE MARCH 6, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 2
REMITTANCE REPORT Page 6 of 7
REPORTING MONTH: Feb-98
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Original Beginning Beginning Current Current Ending
Cert. Certificate Certificate Carryover Principal Principal Carryover
Class Balances Balances Principal Due Paid Principal
- --------------------------------------------------------------------------------------------------------------------------
A-1 51,500,000.00 49,666,152.14 0.00 948,782.03 948,782.03 0.00
A-1 Outstanding Writedown 0.00 0.00
A-2 39,300,000.00 39,300,000.00 0.00 0.00 0.00 0.00
A-2 Outstanding Writedown 0.00 0.00
A-3 27,150,000.00 27,150,000.00 0.00 0.00 0.00 0.00
A-3 Outstanding Writedown 0.00 0.00
A-4 6,000,000.00 6,000,000.00 0.00 0.00 0.00 0.00
A-4 Outstanding Writedown 0.00 0.00
A-5 14,000,000.00 14,000,000.00 0.00 0.00 0.00 0.00
A-5 Outstanding Writedown 0.00 0.00
A-6 12,000,000.00 12,000,000.00 0.00 0.00 0.00 0.00
A-6 Outstanding Writedown 0.00 0.00
A-7 31,269,000.00 31,269,000.00 0.00 0.00 0.00 0.00
A-7 Outstanding Writedown 0.00
M 18,352,000.00 18,352,000.00 0.00 0.00 0.00 0.00
M Outstanding Writedown 0.00 0.00
B-1 20,645,000.00 20,645,000.00 0.00 0.00 0.00 0.00
B-1 Outstanding Writedown 0.00 0.00
B-2 9,176,046.00 9,176,046.00 0.00 0.00 0.00 0.00
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 0.00 525,722.75 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------
229,392,046.00 228,083,920.89 0.00 948,782.03 948,782.03 0.00
=========================================================================================
Accelerated Ending Principal Paid
Cert. Principal Certificate Pool Per $1,000
Class Distribution Balances Factor Denomination
- ------------------------------------------------------------------------------------------------------
A-1 525,055.91 48,192,314.20 93.57731% 18.42
A-1 Outstanding Writedown 0.00 0.00 0.00 0.00
A-2 0.00 39,300,000.00 100.00000% 0.00
A-2 Outstanding Writedown 0.00 0.00 0.00 0.00
A-3 0.00 27,150,000.00 100.00000% 0.00
A-3 Outstanding Writedown 0.00 0.00 0.00 0.00
A-4 0.00 6,000,000.00 100.00000% 0.00
A-4 Outstanding Writedown 0.00 0.00 0.00 0.00
A-5 0.00 14,000,000.00 100.00000% 0.00
A-5 Outstanding Writedown 0.00 0.00 0.00 0.00
A-6 0.00 12,000,000.00 100.00000% 0.00
A-6 Outstanding Writedown 0.00 0.00 0.00 0.00
A-7 0.00 31,269,000.00 100.00000% 0.00
A-7 Outstanding Writedown 0.00 0.00 0.00 0.00
M 0.00 18,352,000.00 100.00000% 0.00
M Outstanding Writedown 0.00 0.00 0.00 0.00
B-1 0.00 20,645,000.00 100.00000% 0.00
B-1 Outstanding Writedown 0.00 0.00 0.00 0.00
B-2 0.00 9,176,046.00 100.00000% 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00 0.00
Excess Asset Principal Balance (525,055.91) 1,050,778.66
-----------------------------
0.00 227,135,138.86
=============================
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE MARCH 6, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 2
REMITTANCE REPORT Page 7 of 7
REPORTING MONTH: Feb-98
CERTIFICATE INTEREST ANALYSIS
Certificate Remittance Beginning Current Total Interest
Class Rate Balance Accrual Paid Shortfall
-----------------------------------------------------------------------------------------------
A-1 6.05000% 0.00 250,400.18 250,400.18 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 6.00000% 0.00 196,500.00 196,500.00 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 6.10000% 0.00 138,012.50 138,012.50 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 6.37500% 0.00 31,875.00 31,875.00 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 6.60000% 0.00 77,000.00 77,000.00 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 6.82500% 0.00 68,250.00 68,250.00 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
A-7 6.65000% 0.00 173,282.38 173,282.38 0.00
A-7 Carryover Interest 0.00 0.00 0.00 0.00 0.00
A-7 Writedown Interest 0.00 0.00 0.00 0.00 0.00
M 6.80000% 0.00 103,994.67 103,994.67 0.00
M Carryover Interest 0.00 0.00 0.00 0.00 0.00
M Writedown Interest 0.00 0.00 0.00 0.00 0.00
B-1 7.27500% 0.00 125,160.31 125,160.31 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 8.71500% 0.00 66,641.03 66,641.03 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 525,722.75 525,055.91 0.00 525,055.91
R 0.00 0.00 0.00 0.00
Service Fee 0.00 190,069.93 190,069.93 0.00
-----------------------------------------------------------------------------------------
525,722.75 1,946,241.91 1,421,186.00 525,055.91
=========================================================================================
Interest Paid
Certificate Ending Per $1,000 Cert. TOTAL
Class Balance Denomination Class DISTRIBUTION
-------------------------------------------------------------------
A-1 0.00 5.04 A-1 1,724,238.12
A-1 Carryover Interest 0.00 0.00
A-1 Writedown Interest 0.00 0.00
A-2 0.00 5.00 A-2 196,500.00
A-2 Carryover Interest 0.00 0.00
A-2 Writedown Interest 0.00 0.00
A-3 0.00 5.08 A-3 138,012.50
A-3 Carryover Interest 0.00 0.00
A-3 Writedown Interest 0.00 0.00
A-4 0.00 5.31 A-4 31,875.00
A-4 Carryover Interest 0.00 0.00
A-4 Writedown Interest 0.00 0.00
A-5 0.00 5.50 A-5 77,000.00
A-5 Carryover Interest 0.00 0.00
A-5 Writedown Interest 0.00 0.00
A-6 0.00 5.69 A-6 68,250.00
A-6 Carryover Interest 0.00 0.00
A-6 Writedown Interest 0.00 0.00
A-7 0.00 5.54 A-7 173,282.38
A-7 Carryover Interest 0.00 0.00
A-7 Writedown Interest 0.00 0.00
M 0.00 5.67 M 103,994.67
M Carryover Interest 0.00 0.00
M Writedown Interest 0.00 0.00
B-1 0.00 6.06 B-1 125,160.31
B-1 Carryover Interest 0.00 0.00
B-1 Writedown Interest 0.00 0.00
B-2 0.00 7.26 B-2 66,641.03
B-2 Carryover Interest 0.00 0.00
B-2 Writedown Interest 0.00 0.00
X 1,050,778.66 X 0.00
R 0.00 R 0.00
Service Fee 0.00 190,069.93
------------ ------------
1,050,778.66 2,895,023.94
============ ============
CUMULATIVE X INTEREST SHORTFALL 1,050,778.66
CUMULATIVE ACCELERATED PRINCIPAL DISTRIB (1,050,778.66)
--------------
CUMULATIVE LOSSES (0.00)
==============