OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: April 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: Mar-98 Page 1 of 6
Beginning Ending
Principal Scheduled Prepaid Liquidated Contracts Principal
Balance Principal Principal Principal Repurchased Balance
-----------------------------------------------------------------------------------------------------------------------------
244,178,485.17 (336,421.50) (1,062,592.74) (328,796.67) 0.00 242,450,674.26
=============================================================================================================================
Scheduled Scheduled Amount
Gross Servicing Pass Thru Liquidation Reserve Available for
Interest Fee Interest Proceeds Fund Draw Distribution
-----------------------------------------------------------------------------------------------------------------------------
2,098,842.70 203,482.07 1,895,360.63 258,944.77 0.00 3,756,801.71
=============================================================================================================================
Limited Total
Guarantee Distribution
-----------------------------------------
0.00 3,756,801.71
=========================================
Certificate Account
---------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
---------------------------------------------------------------------------------------------------------------------------
1,209,077.57 1,729,399.02 2,130,476.82 (3,720,515.18) 3,658.43 1,352,096.66
===========================================================================================================================
P&I Advances at Distribution Date
--------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
------------------------------------------------------------------------------
785,566.80 751,573.01 1,178,986.06 1,212,979.85
==============================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: April 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: Mar-98 Page 2 of 6
Class B Crossover Test Test Met?
- ------------------------------------------------------------- ---------------
(a) Remittance date on or after June 2002 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
Jun 2002- Nov 2003 7% N
Dec 2003-Nov 2004 8% N
Dec. 2004 and thereafter 9% N
(e) Current realized loss ratio <= 2.75% Y
(f) Does Subordinated Certificate percentage equal or
exceed 35.438%
of Pool Scheduled Principal Balance
Beginning M balance 17,037,000.00
Beginning B-1 balance 23,977,000.00
Beginning B-2 balance 10,096,252.00
------------------
51,110,252.00
------------------
Divided by beginning pool
balance 244,178,485.17
20.932% N
Average 60 day delinquency ratio:
Over 60s Pool Balance %
---------------------------------------------------
Current Mo 4,745,746.10 242,450,674.26 1.96%
1st Preceding Mo 3,751,245.49 244,178,485.17 1.54%
2nd Preceding Mo 1,933,563.85 245,057,151.25 0.79%
Divided by 3
-------------
1.43%
=============
Average 30 day delinquency ratio:
Over 30s Pool Balance %
---------------------------------------------------
Current Mo 8,086,347.94 242,450,674.26 3.34%
1st Preceding Mo 7,541,676.99 244,178,485.17 3.09%
2nd Preceding Mo 7,399,408.03 245,057,151.25 3.02%
Divided by 3
-------------
3.15%
=============
Cumulative loss ratio:
Cumulative losses 91,291.11
-----------------------
Divided by Initial Certificate Principal 252,393,252.00 0.036%
=============
Current realized loss ratio:
Liquidation Pool
Losses Balance
------------------------------------------
Current Mo 69,851.90 242,450,674.26
1st Preceding Mo 20,718.44 244,178,485.17
2nd Preceding Mo 720.77 245,057,151.25
0.150%
=============
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: April 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT Page 3 of 6
REPORTING MONTH: Mar-98
Delinquency Analysis Repossession 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 6,536 240,504,504.90 100 3,017,934.48 40 1,511,549.77 43 1,610,694.33
Repos
Repos 64 1,946,169.36 10 322,667.36 14 376,908.70 40 1,246,593.30
--------------------------------------------------------------------------------------------------------------
Total 6,600 242,450,674.26 110 3,340,601.84 54 1,888,458.47 83 2,857,287.63
==============================================================================================================
Repossession Analysis
Active Repos Reversal Current Month
Total Delinq. Outstanding (Redemption) Repos
Principal Principal Principal Principal
# Balance # Balance # Balance # Balance
--------------------------------------------------------------------------------------------------------------
Excluding 183 6,140,178.58 64 1,946,169.36 -2 (99,140.65) 35 1,053,908.12
Repos
Repos 64 1,946,169.36
-------------------------------
Total 247 8,086,347.94
===============================
3.7% 3.34%
=== ====
Cumulative Repos
Principal
# Balance
------------------------------
Excluding 82 2,520,006.92
Repos
Repos
Total
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: April 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: Mar-98 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
- ------------------------------------------------------------------------------------------------------------------------------------
133921-7 Jenkins, M 27,560.20 27,400.00 165.61 27,565.61 4,042.15 23,523.46
131951-6 Baird III, S 32,396.12 30,700.00 1,765.36 32,465.36 4,042.15 28,423.21
117665-0 Favela, R 24,372.95 25,000.00 1,583.51 26,583.51 4,042.15 22,541.36
132411-0 Hayes, M 34,078.14 34,000.00 111.63 34,111.63 4,042.15 30,069.48
131138-0 Campbell, H 35,914.03 30,400.00 2,537.36 32,937.36 4,042.15 28,895.21
132048-0 Street, T 38,358.26 34,900.00 1,864.19 36,764.19 4,042.15 32,722.04
137487-5 Chavez, M 53,740.62 50,650.00 3,227.26 53,877.26 7,036.74 46,840.52
137078-2 Glass, A 23,058.74 22,450.00 871.32 23,321.32 4,042.15 19,279.17
129863-7 Palomo, C 9,265.50 700.00 1,138.14 1,838.14 873.64 964.50
128971-9 Harris, J 50,052.11 49,250.00 1,349.70 50,599.70 7,036.74 43,562.96
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
----------------------------------------------------------------------------------------------------
328,796.67 305,450.00 14,614.08 320,064.08 43,242.17 276,821.91
====================================================================================================
Net Current
Account Customer Unrecov. FHA Insurance Pass Thru Period Net Cumulative
Number Name Advances Coverage Proceeds Gain/(Loss) Gain/(Loss)
- ----------------------------------------------------------------------------------------------------------------------
133921-7 Jenkins, M 1,682.79 0.00 21,840.67 (5,719.53)
131951-6 Baird III, S 1,519.43 0.00 26,903.78 (5,492.34)
117665-0 Favela, R 1,503.64 0.00 21,037.72 (3,335.23)
132411-0 Hayes, M 1,926.48 0.00 28,143.00 (5,935.14)
131138-0 Campbell, H 2,244.07 0.00 26,651.14 (9,262.89)
132048-0 Street, T 1,799.10 0.00 30,922.94 (7,435.32)
137487-5 Chavez, M 2,806.33 0.00 44,034.19 (9,706.43)
137078-2 Glass, A 856.83 0.00 18,422.34 (4,636.40)
129863-7 Palomo, C 774.52 0.00 189.98 (9,075.52)
128971-9 Harris, J 2,763.95 0.00 40,799.01 (9,253.10)
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
----------------------------------------------------------------------------
17,877.14 0.00 258,944.77 (69,851.90) (91,291.11)
=============================================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: April 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: Mar-98 Page 5 of 6
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Original Beginning Beginning Current
Cert. Certificate Certificate Carryover Principal
Class Balances Balances Principal Due
- -------------------------------------------------------------------------------------------------------------------------------
A-1 46,940,000.00 38,725,232.87 0.00 1,727,810.91
A-1 Outstanding Writedown 0.00 0.00 0.00
A-2 46,290,000.00 46,290,000.00 0.00 0.00
A-2 Outstanding Writedown 0.00 0.00 0.00
A-3 30,260,000.00 30,260,000.00 0.00 0.00
A-3 Outstanding Writedown 0.00 0.00 0.00
A-4 15,340,000.00 15,340,000.00 0.00 0.00
A-4 Outstanding Writedown 0.00 0.00 0.00
A-5 62,453,000.00 62,453,000.00 0.00 0.00
A-5 Outstanding Writedown 0.00 0.00 0.00
M 17,037,000.00 17,037,000.00 0.00 0.00
M Outstanding Writedown 0.00 0.00 0.00
B-1 23,977,000.00 23,977,000.00 0.00 0.00
B-1 Outstanding Writedown 0.00 0.00 0.00
B-2 10,096,252.00 10,096,252.00 0.00 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00
-----------------------------------------------------------------------------------------
252,393,252.00 244,178,484.87 0.00 1,727,810.91
=========================================================================================
Current Ending Ending
Cert. Principal Carryover Writedown Certificate
Class Paid Principal Amounts Balances
- ----------------------------------------------------------------------------------------------------------------------------
A-1 1,727,810.91 0.00 0.00 36,997,421.96
A-1 Outstanding Writedown 0.00 0.00
A-2 0.00 0.00 0.00 46,290,000.00
A-2 Outstanding Writedown 0.00 0.00
A-3 0.00 0.00 0.00 30,260,000.00
A-3 Outstanding Writedown 0.00 0.00
A-4 0.00 0.00 0.00 15,340,000.00
A-4 Outstanding Writedown 0.00 0.00
A-5 0.00 0.00 0.00 62,453,000.00
A-5 Outstanding Writedown 0.00 0.00
M 0.00 0.00 0.00 17,037,000.00
M Outstanding Writedown 0.00 0.00
B-1 0.00 0.00 0.00 23,977,000.00
B-1 Outstanding Writedown 0.00 0.00
B-2 0.00 0.00 0.00 10,096,252.00
B-2 Outstanding Writedown 0.00 0.00
-----------------------------------------------------------------------------------
1,727,810.91 0.00 0.00 242,450,673.96
===================================================================================
Principal Paid
Cert. Pool Per $1,000
Class Factor Denomination
- -------------------------------- -------------------------------------------
A-1 78.81854% 36.81
A-1 Outstanding Writedown 0.00 0.00
A-2 100.00000% 0.00
A-2 Outstanding Writedown 0.00 0.00
A-3 100.00000% 0.00
A-3 Outstanding Writedown 0.00 0.00
A-4 100.00000% 0.00
A-4 Outstanding Writedown 0.00 0.00
A-5 100.00000% 0.00
A-5 Outstanding Writedown 0.00 0.00
M 100.00000% 0.00
M Outstanding Writedown 0.00 0.00
B-1 100.00000% 0.00
B-1 Outstanding Writedown 0.00 0.00
B-2 100.00000% 0.00
B-2 Outstanding Writedown 0.00 0.00
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: April 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: 3/31/98 Page 6 of 6
CERTIFICATE INTEREST ANALYSIS
Certificate Remittance Beginning Current Total Interest Ending
Class Rate Balance Accrual Paid Shortfall Balance
--------------------------------------------------------------------------------------------------------
A-1 5.80750% 0.00 193,661.12 193,661.12 0.00 0.00
A-1 Carryover Interest 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
A-2 6.35000% 0.00 244,951.25 244,951.25 0.00 0.00
A-2 Carryover Interest 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
A-3 6.50000% 0.00 163,908.33 163,908.33 0.00 0.00
A-3 Carryover Interest 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
A-4 6.72500% 0.00 85,967.92 85,967.92 0.00 0.00
A-4 Carryover Interest 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
A-5 6.95000% 0.00 361,706.96 361,706.96 0.00 0.00
A-5 Carryover Interest 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
M 6.95000% 0.00 98,672.63 98,672.63 0.00 0.00
M Carryover Interest 0.00 0.00 0.00 0.00 0.00 0.00
M Writedown Interest 0.00 0.00 0.00 0.00 0.00 0.00
B-1 7.32500% 0.00 146,359.60 146,359.60 0.00 0.00
B-1 Carryover Interest 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
B-2 7.55000% 0.00 63,522.25 63,522.25 0.00 0.00
B-2 Carryover Interest 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
Limited Guarantee 0.00 0.00 0.00 0.00 0.00
X 21,439.21 536,610.57 466,758.67 69,851.90 91,291.11
R 0.00 0.00 0.00 0.00 0.00
Service Fee 0.00 203,482.07 203,482.07 0.00 0.00
-----------------------------------------------------------------------------------------
=========================================================================================
21,439.21 2,098,842.70 2,028,990.80 69,851.90 91,291.11
=========================================================================================
[zz]
Interest Paid
Certificate Per $1,000 Cert. TOTAL
Class Denomination Class DISTRIBUTION
------------------------------------------------------
A-1 5.00 A-1 1,921,472.03
A-1 Carryover Interest 0.00
A-1 Writedown Interest 0.00
A-2 5.29 A-2 244,951.25
A-2 Carryover Interest 0.00
A-2 Writedown Interest 0.00
A-3 5.42 A-3 163,908.33
A-3 Carryover Interest 0.00
A-3 Writedown Interest 0.00
A-4 5.60 A-4 85,967.92
A-4 Carryover Interest 0.00
A-4 Writedown Interest 0.00
A-5 5.79 A-5 361,706.96
A-5 Carryover Interest 0.00
A-5 Writedown Interest 0.00
M 5.79 M 98,672.63
M Carryover Interest 0.00
M Writedown Interest 0.00
B-1 6.10 B-1 146,359.60
B-1 Carryover Interest 0.00
B-1 Writedown Interest 0.00
B-2 6.29 B-2 63,522.25
B-2 Carryover Interest 0.00
B-2 Writedown Interest 0.00
Limited Guarantee Limited Guarantee 0.00
X X 466,758.67
R R 0.00
Service Fee 203,482.07
-------------
3,756,801.71
===========