OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: May 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 6
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: Apr-98
Scheduled Principal Balance of Contracts
--------------------------------------------------------------------------------------------------------------------
Beginning Ending
Principal Scheduled Prepaid Liquidated Contracts Principal
Balance Principal Principal Principal Repurchased Balance
--------------------------------------------------------------------------------------------------------------------
242,450,674.26 (336,922.92) (1,223,888.96) (617,871.08) 0.00 240,271,991.30
====================================================================================================================
Scheduled Scheduled Amount
Gross Servicing Pass Thru Liquidation Reserve Available for Limited Total
Interest Fee Interest Proceeds Fund Draw Distribution Guarantee Distribution
-----------------------------------------------------------------------------------------------------------------------------
2,078,306.65 202,042.23 1,876,264.43 468,362.07 0.00 4,107,480.61 0.00 4,107,480.61
=============================================================================================================================
Certificate Account
--------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
--------------------------------------------------------------------------------------------------------------------
1,352,096.66 2,156,580.32 1,944,727.63 (3,830,312.04) 3,759.31 1,626,861.88
====================================================================================================================
P&I Advances at Distribution Date
---------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
---------------------------------------------------------------------
1,212,979.85 1,177,195.18 955,866.59 991,651.26
=====================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Apr-98
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 242,450,674.26
21.081% N
REPORT DATE: May 12, 1998
POOL REPORT # 6
Page 2 of 6
Average 60 day delinquency ratio:
Over 60s Pool Balance %
--------------------------------------------------------
Current Mo 5,387,834.80 240,271,991.30 2.24%
1st Preceding Mo 4,745,746.10 242,450,674.26 1.96%
2nd Preceding Mo 3,751,245.49 244,178,485.17 1.54%
Divided by 3
------------
1.91%
============
Average 30 day deliquency ratio:
Over 30s Pool Balance %
--------------------------------------------------------
Current Mo 9,933,748.41 240,271,991.30 4.13%
1st Preceding Mo 8,086,347.94 242,450,674.26 3.34%
2nd Preceding Mo 7,541,676.99 244,178,485.17 3.09%
Divided by 3
------------
3.52%
============
Cumulative loss ratio:
Cumulative losses 240,800.12
--------------------------
Divided by Initial Certificate Principal 252,393,252.00 0.095%
============
Current realized loss ratio:
Liquidation Pool
Losses Balance
-------------------------------------------
Current Mo 149,509.01 240,271,991.30
1st Preceding Mo 69,851.90 242,450,674.26
2nd Preceding Mo 20,718.44 244,178,485.17
0.397%
============
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: May 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 6
REMITTANCE REPORT Page 3 of 6
REPORTING MONTH: Apr-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
-----------------------------------------------------------------------------------------------------------
Excluding Repos 6,477 238,150,618.11 134 4,311,102.93 49 1,616,956.99 47 1,944,618.27
Repos 71 2,121,373.19 8 234,810.68 18 533,231.75 43 1,293,027.79
----------------------------------------------------------------------------------------------------------
Total 6,548 240,271,991.30 142 4,545,913.61 67 2,150,188.74 90 3,237,646.06
==========================================================================================================
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 230 7,872,678.19 71 2,121,373.19 -2 (62,332.08) 31 860,203.61 111 3,317,878.45
Repos 69 2,061,070.22
-----------------------
Total 299 9,933,748.41
=======================
4.6% 4.13%
====================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: May 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 6
REMITTANCE REPORT
REPORTING MONTH: Apr-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
- ------------------------------------------------------------------------------------------------------------------------------------
105266-1 Reyna Jr, J 30,628.51 27,900.00 342.72 28,242.72 4,910.00 23,332.72
128561-8 Compton, J 40,214.18 33,250.00 2,626.42 35,876.42 8,720.00 27,156.42
128580-8 Prevette, K 23,199.53 24,250.00 270.27 24,520.27 4,910.00 19,610.27
128588-1 Tilley, K 29,299.92 27,000.00 1,950.62 28,950.62 4,910.00 24,040.62
128746-5 Kelley, A 33,975.64 33,900.00 243.36 34,143.36 4,910.00 29,233.36
129222-6 Caron, D 22,948.50 25,400.00 157.08 25,557.08 4,910.00 20,647.08
130074-8 Waugh, T 33,034.41 31,400.00 210.16 31,610.16 4,910.00 26,700.16
130100-1 Provence, M 30,972.24 27,500.00 1,893.75 29,393.75 4,910.00 24,483.75
130387-4 Daniels, L 26,812.57 25,000.00 1,778.45 26,778.45 4,910.00 21,868.45
1308048 Williams, H 30,831.81 28,200.00 220.61 28,420.61 4,910.00 23,510.61
130824-6 Hannah, L 33,052.13 33,736.00 214.82 33,950.82 4,910.00 29,040.82
131213-1 Bentley, S 43,663.78 43,650.00 914.25 44,564.25 8,720.00 35,844.25
131387-3 Salgado, L 27,911.31 30,000.00 338.65 30,338.65 4,910.00 25,428.65
131953-2 Allbright, B 29,312.34 27,900.00 565.70 28,465.70 4,910.00 23,555.70
132292-4 Torres, M 36,097.62 33,900.00 769.35 34,669.35 4,910.00 29,759.35
132542-2 Maddy, J 14,467.38 13,400.00 494.39 13,894.39 4,910.00 8,984.39
1338086 Miller, J 16,933.93 19,400.00 159.28 19,559.28 4,910.00 14,649.28
134197-3 Huynh, C 27,126.52 25,900.00 290.00 26,190.00 4,910.00 21,280.00
134542-0 Crabtree, L 22,057.75 22,500.00 324.00 22,824.00 4,910.00 17,914.00
1368307 Chappell, B 33,752.85 31,450.00 2,430.39 33,880.39 4,910.00 28,970.39
1369446 Hill, H 25,660.78 25,400.00 710.01 26,110.01 4,910.00 21,200.01
1376813 Coley, L 5,917.38 3,750.00 319.29 4,069.29 1,210.00 2,859.29
0.00 0.00
-------------------------------------------------------------------------------------------------
617,871.08 594,786.00 17,223.57 612,009.57 111,940.00 500,069.57
=================================================================================================
Net Current
Account Customer Unrecov. FHA Insurance Pass Thru Period Net Cumulative
Number Name Advances Coverage Proceeds Gain/(Loss) Gain/(Loss)
- ----------------------------- ------------------------------------------------------------------------------------------
105266-1 Reyna Jr, J 1,381.53 0.00 21,951.19 (8,677.32)
128561-8 Compton, J 2,276.31 0.00 24,880.11 (15,334.07)
128580-8 Prevette, K 1,558.81 0.00 18,051.46 (5,148.07)
128588-1 Tilley, K 1,834.92 0.00 22,205.70 (7,094.22)
128746-5 Kelley, A 1,924.15 0.00 27,309.21 (6,666.43)
129222-6 Caron, D 2,057.22 0.00 18,589.86 (4,358.64)
130074-8 Waugh, T 1,876.28 0.00 24,823.88 (8,210.53)
130100-1 Provence, M 1,154.78 0.00 23,328.97 (7,643.27)
130387-4 Daniels, L 1,518.80 0.00 20,349.65 (6,462.92)
1308048 Williams, H 2,279.39 0.00 21,231.22 (9,600.59)
130824-6 Hannah, L 1,471.39 0.00 27,569.43 (5,482.70)
131213-1 Bentley, S 1,900.74 0.00 33,943.51 (9,720.27)
131387-3 Salgado, L 1,705.10 3,768.98 27,492.53 (418.78)
131953-2 Allbright, B 1,423.58 0.00 22,132.12 (7,180.22)
132292-4 Torres, M 2,041.86 0.00 27,717.49 (8,380.13)
132542-2 Maddy, J 1,249.52 0.00 7,734.87 (6,732.51)
1338086 Miller, J 1,049.24 0.00 13,600.04 (3,333.89)
134197-3 Huynh, C 1,862.02 0.00 19,417.98 (7,708.54)
134542-0 Crabtree, L 1,177.93 0.00 16,736.07 (5,321.68)
1368307 Chappell, B 1,532.43 0.00 27,437.96 (6,314.89)
1369446 Hill, H 1,462.49 0.00 19,737.52 (5,923.26)
1376813 Coley, L 737.99 0.00 2,121.30 (3,796.08)
0.00 0.00 0.00
---------------------------------------------------------------------------------------
35,476.48 3,768.98 468,362.07 (149,509.01) (240,800.12)
=======================================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: May 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 6
REMITTANCE REPORT
REPORTING MONTH: Apr-98 Page 5 of 6
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Original Beginning Beginning Current Current
Cert. Certificate Certificate Carryover Principal Principal
Class Balances Balances Principal Due Paid
- ------------------------------------------------------------------------------------------------------------------------------------
A-1 46,940,000.00 36,997,421.96 0.00 2,178,682.96 2,178,682.96
A-1 Outstanding Writedown 0.00 0.00 0.00
A-2 46,290,000.00 46,290,000.00 0.00 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 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 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 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 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 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 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------
252,393,252.00 242,450,673.96 0.00 2,178,682.96 2,178,682.96
=====================================================================================================
Ending Ending Principal Paid
Cert. Carryover Writedown Certificate Pool Per $1,000
Class Principal Amounts Balances Factor Denomination
- ---------------------------- ------------------------------------------------------------------------------------
A-1 0.00 0.00 34,818,739.00 74.17712% 46.41
A-1 Outstanding Writedown 0.00 0.00 0.00 0.00
A-2 0.00 0.00 46,290,000.00 100.00000% 0.00
A-2 Outstanding Writedown 0.00 0.00 0.00 0.00
A-3 0.00 0.00 30,260,000.00 100.00000% 0.00
A-3 Outstanding Writedown 0.00 0.00 0.00 0.00
A-4 0.00 0.00 15,340,000.00 100.00000% 0.00
A-4 Outstanding Writedown 0.00 0.00 0.00 0.00
A-5 0.00 0.00 62,453,000.00 100.00000% 0.00
A-5 Outstanding Writedown 0.00 0.00 0.00 0.00
M 0.00 0.00 17,037,000.00 100.00000% 0.00
M Outstanding Writedown 0.00 0.00 0.00 0.00
B-1 0.00 0.00 23,977,000.00 100.00000% 0.00
B-1 Outstanding Writedown 0.00 0.00 0.00 0.00
B-2 0.00 0.00 10,096,252.00 100.00000% 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00 0.00
--------------------------------------------
0.00 0.00 240,271,991.00
============================================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: May 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 6
REMITTANCE REPORT
REPORTING MONTH: 4/30/98 Page 6 of 6
CERTIFICATE INTEREST ANALYSIS
Certificate Remittance Beginning Current Total Interest
Class Rate Balance Accrual Paid Shortfall
-----------------------------------------------------------------------------------
A-1 5.77625% 0.00 178,088.63 178,088.63 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 6.35000% 0.00 244,951.25 244,951.25 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 6.50000% 0.00 163,908.33 163,908.33 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 6.72500% 0.00 85,967.92 85,967.92 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 6.95000% 0.00 361,706.96 361,706.96 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
M 6.95000% 0.00 98,672.63 98,672.63 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 7.32500% 0.00 146,359.60 146,359.60 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 7.55000% 0.00 63,522.25 63,522.25 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
Limited Guarantee 0.00 0.00 0.00 0.00
X 91,291.11 533,086.86 383,577.85 149,509.01
R 0.00 0.00 0.00 0.00
Service Fee 0.00 202,042.23 202,042.23 0.00
----------------------------------------------------------------------
======================================================================
91,291.11 2,078,306.66 1,928,797.65 149,509.01
======================================================================
Interest Paid
Ending Per $1,000 Cert. TOTAL
Balance Denomination Class DISTRIBUTION
-----------------------------------------------------------------------------
A-1 0.00 4.81 A-1 2,356,771.59
A-1 Carryover Interest 0.00 0.00
A-1 Writedown Interest 0.00 0.00
A-2 0.00 5.29 A-2 244,951.25
A-2 Carryover Interest 0.00 0.00
A-2 Writedown Interest 0.00 0.00
A-3 0.00 5.42 A-3 163,908.33
A-3 Carryover Interest 0.00 0.00
A-3 Writedown Interest 0.00 0.00
A-4 0.00 5.60 A-4 85,967.92
A-4 Carryover Interest 0.00 0.00
A-4 Writedown Interest 0.00 0.00
A-5 0.00 5.79 A-5 361,706.96
A-5 Carryover Interest 0.00 0.00
A-5 Writedown Interest 0.00 0.00
M 0.00 5.79 M 98,672.63
M Carryover Interest 0.00 0.00
M Writedown Interest 0.00 0.00
B-1 0.00 6.10 B-1 146,359.60
B-1 Carryover Interest 0.00 0.00
B-1 Writedown Interest 0.00 0.00
B-2 0.00 6.29 B-2 63,522.25
B-2 Carryover Interest 0.00 0.00
B-2 Writedown Interest 0.00 0.00
Limited Guarantee 0.00 Limited Guarantee 0.00
X 240,800.12 X 383,577.85
R 0.00 R 0.00
Service Fee 0.00 202,042.23
------------ -------------
240,800.12 4,107,480.61
============ =============