OAKWOOD MORTGAGE INVESTORS, INC. 1998-A
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Mar-98
REPORT DATE: April 12, 1998
POOL REPORT # 2
Page 1 of 7
Scheduled Principal Balance of Contracts
- ---------------------------------------------------------------------------------------------
Beginning Ending Scheduled
Principal Scheduled Prepaid Liquidated Contracts Principal Gross Servicing
Balance Principal Principal Principal Repurchased Balance Interest Fee
- -----------------------------------------------------------------------------------------------------------------------------
195,894,854.82 (263,068.73) (2,167,359.69) 0.00 0.00 193,464,426.40 1,775,250.15 163,245.71
=============================================================================================================================
- ------------------
Beginning Scheduled Amount
Principal Pass Thru Liquidation Reserve Available for Limited Total
Balance Interest Proceeds Fund Draw Distribution Guarantee Distribution
- -------------------------------------------------------------------------------------------------------
195,894,854.82 1,612,004.44 0.00 0.00 4,205,678.57 0.00 4,205,678.57
=======================================================================================================
Certificate Account
- ---------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- ---------------------------------------------------------------------------------------------
1,378,401.11 3,228,610.63 1,039,623.51 (3,816,846.64) 4,675.50 1,834,464.11
==================================================================================================
P&I Advances at Distribution Date
- ------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
- ------------------------------------------------------------------------------
3,441.74 0.00 6,419.57 9,861.31
==============================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1998-A
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Mar-98
REPORT DATE: April 12, 1998
POOL REPORT # 2
Page 2 of 7
Class B Crossover Test Test Met?
- ----------------------------------------------------------------- ---------------
(a) Remittance date on or after September 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
Sep 2002- Feb 2004 7% N
Mar 2004-Feb 2005 8% N
Mar 2005 and thereafter 9% N
(e) Current realized loss ratio <= 2.75% Y
(f) Does Subordinated Certificate percentage equal or exceed 32.813% of Pool
Scheduled Principal Balance
Beginning M balance 15,337,000.00
Beginning B-1 balance 14,843,000.00
Beginning B-2 balance 6,926,846.00
------------------
37,106,846.00
------------------
Divided by beginning pool
balance 195,894,854.82
18.942% N
Average 60 day delinquency ratio:
Over 60s Pool Balance %
--------------------------------------------------------
Current Mo 381,511.02 193,464,426.40 0.20%
1st Preceding Mo 41,260.00 195,894,854.82 0.02%
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 2,407,318.34 193,464,426.40 1.24%
1st Preceding Mo 1,513,542.89 195,894,854.82 0.77%
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 197,901,846.00 0.000%
========
Current realized loss ratio:
Liquidation Pool
Losses Balance
-------------------------------------------
Current Mo 0.00 193,464,426.40
1st Preceding Mo 0.00 195,894,854.82
2nd Preceding Mo 0.00 0.00
0.000%
========
OAKWOOD MORTGAGE INVESTORS, INC. 1998-A
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Mar-98
REPORT DATE: April 12, 1998
POOL REPORT # 2
Page 3 of 7
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 5,139 193,199,012.01 53 1,859,539.66 10 282,364.29 0 0.00 63 2,141,903.95
Repos 7 265,414.39 5 166,267.66 2 99,146.73 0 0.00 7 265,414.39
-------------------------------------------------------------------------------------------------------------
Total 5,146 193,464,426.40 58 2,025,807.32 12 381,511.02 0 0.00 70 2,407,318.34
=============================================================================================================
1.4% 1.24%
=== ====
Repossession Analysis
Active Repos Reversal Current Month
Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal
# Balance # Balance # Balance # Balance
---------------------------------------------------------------------------------
Excluding Repos 7 265,414.39 0 0.00 7 265,414.39 7 265,414.39
Repos
Total
OAKWOOD MORTGAGE INVESTORS, INC. 1998-A
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Mar-98
REPORT DATE: April 12, 1998
POOL REPORT # 2
Page 4 of 7
REPOSSESSION LIQUIDATION REPORT
Liquidated Net
Account Customer Principal Sales Insur. Total Repossession Liquidation
Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds
- ----------------------------------------------------------------------------------------------------------------------------------
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
==================================================================================================
Net Current
Unrecov. FHA Insurance Pass Thru Period Net Cumulative
Advances Coverage 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
======================================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1998-A
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Feb-98
REPORT DATE: April 12, 1998
POOL REPORT # 2
Page 5 of 7
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 989,509.23
----------------
(B) CURRENT OVERCOLLATERALIZATION AMOUNT
The positive difference, if any, between
Scheduled Principal Balance 195,894,854.82
Certificate Principal Balance of all outstanding Classes of Certificates 195,328,963.43
----------------
565,891.39
----------------
(C) CURRENT CLASS X STRIP AMOUNT 546,251.80
----------------
ACCELERATED PRINCIPAL DISTRIBUTION AMOUNT 423,617.84
----------------
OAKWOOD MORTGAGE INVESTORS, INC. 1998-A
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Mar-98
REPORT DATE: April 12, 1998
POOL REPORT # 2
Page 6 of 7
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 35,000,000.00 32,427,117.43 0.00 2,430,428.42 2,430,428.42 0.00
A-1 Outstanding Writedown 0.00 0.00 0.00
A-2 13,950,000.00 13,950,000.00 0.00 0.00 0.00 0.00
A-2 Outstanding Writedown 0.00 0.00 0.00
A-3 25,200,000.00 25,200,000.00 0.00 0.00 0.00 0.00
A-3 Outstanding Writedown 0.00 0.00 0.00
A-4 33,450,000.00 33,450,000.00 0.00 0.00 0.00 0.00
A-4 Outstanding Writedown 0.00 0.00 0.00
A-5 53,195,000.00 53,195,000.00 0.00 0.00 0.00 0.00
A-5 Outstanding Writedown 0.00 0.00 0.00
M 15,337,000.00 15,337,000.00 0.00 0.00 0.00 0.00
M Outstanding Writedown 0.00 0.00 0.00
B-1 14,843,000.00 14,843,000.00 0.00 0.00 0.00 0.00
B-1 Outstanding Writedown 0.00 0.00 0.00
B-2 6,926,846.00 6,926,846.00 0.00 0.00 0.00 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00
Excess Asset Principal Balance 0.00 565,891.37 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------
197,901,846.00 195,894,854.80 0.00 2,430,428.42 2,430,428.42 0.00
==============================================================================================
Accelerated Ending Principal Paid
Cert. Principal Writedown Certificate Pool Per $1,000
Class Distribution Amounts Balances Factor Denomination
- ---------------------------------------------------------------------------------------------------------------
A-1 423,617.84 0.00 29,573,071.17 84.49449% 81.54
A-1 Outstanding Writedown 0.00 0.00 0.00 0.00
A-2 0.00 0.00 13,950,000.00 100.00000% 0.00
A-2 Outstanding Writedown 0.00 0.00 0.00 0.00
A-3 0.00 0.00 25,200,000.00 100.00000% 0.00
A-3 Outstanding Writedown 0.00 0.00 0.00 0.00
A-4 0.00 0.00 33,450,000.00 100.00000% 0.00
A-4 Outstanding Writedown 0.00 0.00 0.00 0.00
A-5 0.00 0.00 53,195,000.00 100.00000% 0.00
A-5 Outstanding Writedown 0.00 0.00 0.00 0.00
M 0.00 0.00 15,337,000.00 100.00000% 0.00
M Outstanding Writedown 0.00 0.00 0.00 0.00
B-1 0.00 0.00 14,843,000.00 100.00000% 0.00
B-1 Outstanding Writedown 0.00 0.00 0.00 0.00
B-2 0.00 0.00 6,926,846.00 100.00000% 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00 0.00
Excess Asset Principal Balance (423,617.84) 0.00 989,509.21
-------------------------------------------------
0.00 0.00 193,464,426.38
=================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1998-A
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Mar-98
REPORT DATE: April 12, 1998
POOL REPORT # 2
Page 7 of 7
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 6.20000% 0.00 167,540.11 167,540.11 0.00 0.00 5.17
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 6.10000% 0.00 70,912.50 70,912.50 0.00 0.00 5.08
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 6.05000% 0.00 127,050.00 127,050.00 0.00 0.00 5.04
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 6.20000% 0.00 172,825.00 172,825.00 0.00 0.00 5.17
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 6.70000% 0.00 297,005.42 297,005.42 0.00 0.00 5.58
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
M 6.82500% 0.00 87,229.19 87,229.19 0.00 0.00 5.69
M Carryover Interest 0.00 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 0.00
B-1 7.50000% 0.00 92,768.75 92,768.75 0.00 0.00 6.25
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 8.73500% 0.00 50,421.67 50,421.67 0.00 0.00 7.28
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 565,891.37 546,251.80 122,633.96 423,617.84 989,509.21
R 0.00 0.00 0.00 0.00 0.00
Service Fee 0.00 163,245.71 163,245.71 0.00 0.00
--------------------------------------------------------------------------------
565,891.37 1,775,250.15 1,351,632.31 423,617.84 989,509.21
================================================================================
Certificate Cert. TOTAL
Class Class DISTRIBUTION
--------------------------------
A-1 A-1 3,021,586.37
A-1 Carryover Interest
A-1 Writedown Interest
A-2 A-2 70,912.50
A-2 Carryover Interest
A-2 Writedown Interest
A-3 A-3 127,050.00
A-3 Carryover Interest
A-3 Writedown Interest
A-4 A-4 172,825.00
A-4 Carryover Interest
A-4 Writedown Interest
A-5 A-5 297,005.42
A-5 Carryover Interest
A-5 Writedown Interest
M M 87,229.19
M Carryover Interest
M Writedown Interest
B-1 B-1 92,768.75
B-1 Carryover Interest
B-1 Writedown Interest
B-2 B-2 50,421.67
B-2 Carryover Interest
B-2 Writedown Interest
X X 122,633.96
R R 0.00
Service Fee 163,245.71
-------------
4,205,678.57
=============
CUMULATIVE X INTEREST SHORTFALL 989,509.21
CUMULATIVE ACCELERATED PRINCIPAL DISTRIB (989,509.21)
------------
CUMULATIVE LOSSES 0.00
------------