DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE: JUNE 5, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
1111TTANCE REPORT Page 1 of 7
REPORTING MONTH: May-98
Scheduled Principal Balance of Contracts
- -------------------------------------------------------------------------------
Beginning Ending Scheduled Scheduled
Principal Scheduled Prepaid Liquidated Contracts Principal Gross Servicing Pass Thru
Balance Principal Principal Principal Repurchased Balance Interest Fee Interest
- ------------------------------------------------------------------------------------------------------------------------------------
224,853,888.48 (247,328.03) (846,035.04) (107,217.42) 0.00 223,653,307.99 1,917,591.91 187,378.24 1,730,213.67
====================================================================================================================================
Amount
Liquidation Reserve Available for
Proceeds Fund Draw Distribution
- ----------------------------------------------------------------
69,595.23 0.00 3,080,550.21
================================================================
Certificate Account
- ----------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- ----------------------------------------------------------------------------------------------------------
1,311,015.84 1,178,010.45 1,758,453.83 (2,992,357.30) 3,777.28 1,258,900.10
==========================================================================================================
P&I Advances at Distribution Date
- --------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
- --------------------------------------------------------------------------------
624,052.86 584,561.07 566,132.21 605,624.00
================================================================================
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE: JUNE 5, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: May-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% 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
Average 30 day delinquency ratio:
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 1,720,440.30
---------------------
49,893,486.30
Divided by beginning pool
balance 224,853,888.48
---------------------
22.189%
=====================
Average 60 day delinquency ratio:
Over 60s Pool Balance %
------------------------------------------------
Current Mo 4,883,154.02 223,653,307.99 2.18%
1st Preceding Mo 3,915,751.76 224,853,888.48 1.74%
2nd Preceding Mo 3,174,176.94 225,913,702.16 1.41%
Divided by 3
----------
1.78%
==========
Average 30 day delinquency ratio:
Over 30s Pool Balance %
------------------------------------------------
Current Mo 10,401,076.56 223,653,307.99 4.65%
1st Preceding Mo 7,063,719.25 224,853,888.48 3.14%
2nd Preceding Mo 7,590,634.52 225,913,702.16 3.36%
Divided by 3
-------
3.72%
=======
Cumulative loss ratio:
Cumulative losses 61,473.07
----------------
Divided by Initial Certificate Principal 229,392,046.00 0.027%
========
Current realized loss ratio:
Liquidation Pool
Losses Balance
--------------------------------------------
Current Mo 37,622.19 223,653,307.99
1st Preceding Mo 0.00 224,853,888.48
2nd Preceding Mo 23,850.88 225,913,702.16
0.109%
=======
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE: JUNE 5, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT Page 3 of 7
REPORTING MONTH: May-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 5,616 222,656,313.42 143 5,371,354.44 31 1,116,558.96 29 1,159,498.06
Repos 29 996,994.57 5 146,568.10 14 554,009.77 56 2,053,087.23
--------------------------------------------------------------------------------------------------------------
Total 5,645 223,653,307.99 148 5,517,922.54 45 1,670,568.73 85 3,212,585.29
==============================================================================================================
Repossession Analysis
Active Repos Reversal Current Month
Total Delinq. Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal Principal
# Balance # Balance # Balance # Balance # Balance
- ------------------------------------------------------------------------------------------------------------------------------------
203 7,647,411.46 29 996,994.57 -1 (53,147.00) 6 199,314.98 34 1,144,994.44
75 2,753,665.10
- ----------------------------
278 10,401,076.56
============================
4.9% 4.65%
===========================
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE: JUNE 5, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: May-98 Page 4 of 7
REPOSSESSION LIQUIDATION REPORT
Liquidated
Account Customer Principal Sales Insur. Total Repossession
Number Name Balance Proceeds Refunds Proceeds Expenses
- ----------------------------------------------------------------------------------------------------------------------------
133436-6 L. ALFORD 35,101.06 35,268.00 0.00 35,268.00 6,123.40
141845-8 B. ROBERSTON 8,926.41 5,000.00 0.00 5,000.00 0.00
128219-8 D. SHARBONO 26,218.90 27,000.00 0.00 27,000.00 5,452.00
131730-4 D. FUDGE 36,971.05 40,000.00 0.00 40,000.00 20,678.90
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
--------------------------------------------------------------------------------------
107,217.42 107,268.00 0.00 107,268.00 32,254.30
======================================================================================
Net Net Current
Liquidation Unrecov. Pass Thru Period Net Cumulative
Proceeds Advances Proceeds Gain/(Loss) Gain/(Loss)
- ------------------------------------------------------------------------------------
29,144.60 2,058.90 27,085.70 (8,015.36)
5,000.00 758.34 4,241.66 (4,684.75)
21,548.00 1,079.83 20,468.17 (5,750.73)
19,321.10 1,521.40 17,799.70 (19,171.35)
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
- ---------------------------------------------------------------------
75,013.70 5,418.47 69,595.23 (37,622.19) (61,473.07)
======================================================================================
0.00
==========
As a percentage of the aggregate cut-off date principal balance
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE: JUNE 5, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: May-98 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 1,720,440.35
----------------
(B) CURRENT OVERCOLLATERALIZATION AMOUNT
The positive difference, if any, between
Scheduled Principal Balance 224,853,888.48
Certificate Principal Balance of all outstanding Classes of Certificates 223,133,448.13
------------------
1,720,440.35
------------------
(C) CURRENT CLASS X STRIP AMOUNT 483,783.52
------------------
ACCELERATED PRINCIPAL DISTRIBUTION AMOUNT 0.00
------------------
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE: JUNE 5, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: May-98 Page 6 of 7
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Original Beginning Beginning Current
Cert. Certificate Certificate Carryover Principal
Class Balances Balances Principal Due
- ---------------------------------------------------------------------------------------------------------------------------
A-1 51,500,000.00 45,241,402.13 0.00 1,200,580.49
A-1 Outstanding Writedown 0.00 0.00
A-2 39,300,000.00 39,300,000.00 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
A-3 Outstanding Writedown 0.00 0.00
A-4 6,000,000.00 6,000,000.00 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
A-5 Outstanding Writedown 0.00 0.00
A-6 12,000,000.00 12,000,000.00 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
A-7 Outstanding Writedown 0.00
M 18,352,000.00 18,352,000.00 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
B-1 Outstanding Writedown 0.00 0.00
B-2 9,176,046.00 9,176,046.00 0.00 0.00
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 0.00 1,720,440.30 0.00 0.00
---------------------------------------------------------------------------------------------
229,392,046.00 224,853,888.43 0.00 1,200,580.49
=============================================================================================
Current Ending Accelerated Ending
Principal Carryover Principal Certificate
Paid Principal Distribution Balances
-------------------------------------------------------------------------------------------
A-1 1,200,580.49 0.00 0.00 44,040,821.64
A-1 Outstanding Writedown 0.00 0.00
A-2 0.00 0.00 0.00 39,300,000.00
A-2 Outstanding Writedown 0.00 0.00
A-3 0.00 0.00 0.00 27,150,000.00
A-3 Outstanding Writedown 0.00 0.00
A-4 0.00 0.00 0.00 6,000,000.00
A-4 Outstanding Writedown 0.00 0.00
A-5 0.00 0.00 0.00 14,000,000.00
A-5 Outstanding Writedown 0.00 0.00
A-6 0.00 0.00 0.00 12,000,000.00
A-6 Outstanding Writedown 0.00 0.00
A-7 0.00 0.00 0.00 31,269,000.00
A-7 Outstanding Writedown 0.00 0.00
M 0.00 0.00 0.00 18,352,000.00
M Outstanding Writedown 0.00 0.00
B-1 0.00 0.00 0.00 20,645,000.00
B-1 Outstanding Writedown 0.00 0.00
B-2 0.00 0.00 0.00 9,176,046.00
B-2 Outstanding Writedown 0.00 0.00
Excess Asset Principal Balance 0.00 0.00 0.00 1,720,440.30
----------------------------------------------------------------------------
1,200,580.49 0.00 0.00 223,653,307.99
============================================================================
Principal Paid
Pool Per $1,000
Factor Denomination
------------------------------------
A-1 85.51616% 23.31
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
A-6 100.00000% 0.00
A-6 Outstanding Writedown 0.00 0.00
A-7 100.00000% 0.00
A-7 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
Excess Asset Principal Balance
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE: JUNE 5, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 5
REMITTANCE REPORT
REPORTING MONTH: May-98 Page 7 of 7
CERTIFICATE INTEREST ANALYSIS
Certificate Remittance Beginning Current Total Interest
Class Rate Balance Accrual Paid Shortfall
--------------------------------------------------------------------------------------------------
A-1 6.05000% 0.00 228,092.07 228,092.07 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 1,744,291.18 521,405.71 483,783.52 37,622.19
R 0.00 0.00 0.00 0.00
Service Fee 0.00 187,378.24 187,378.24 0.00
---------------------------------------------------------------------------------------------
1,744,291.18 1,917,591.91 1,879,969.72 37,622.19
=============================================================================================
Interest Paid
Certificate Ending Per $1,000 Cert. TOTAL
Class Balance Denomination Class DISTRIBUTION
--------------------------------------------------------------------------------------------
A-1 0.00 5.04 A-1 1,428,672.56
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 1,781,913.37 X 483,783.52
R 0.00 R 0.00
Service Fee 0.00 187,378.24
------------ ----------------------
1,781,913.37 3,080,550.21
============ ======================
CUMULATIVE X INTEREST SHORTFALL 1,781,913.37
CUMULATIVE ACCELERATED PRINCIPAL DISTRIB (1,720,440.30)
------------------------
CUMULATIVE LOSSES 61,473.07
========================