DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: JULY 7, 1998
REMITTANCE REPORT POOL REPORT # 6
REPORTING MONTH: Jun-98 Page 1 of 7
Scheduled Principal Balance of Contracts
- ---------------------------------------------------------------------------------------------------------------------------------
Beginning Ending Scheduled
Principal Scheduled Prepaid Liquidated Contracts Principal Gross
Balance Principal Principal Principal Repurchased Balance Interest
- ---------------------------------------------------------------------------------------------------------------------------------
223,653,307.99 (248,556.72) (847,990.33) (145,340.62) 0.00 222,411,420.32 1,907,306.77
=================================================================================================================================
Scheduled Amount
Servicing Pass Thru Liquidation Reserve Available for
Fee Interest Proceeds Fund Draw Distribution
- ----------------------------------------------------------------------------------
186,377.76 1,720,929.01 80,556.22 0.00 3,084,410.04
==================================================================================
Certificate Account
- ------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- -------------------------------------------------------------------------------------------------------------
1,258,900.10 1,236,729.75 1,869,018.00 (3,121,949.68) 3,614.66 1,246,312.83
=============================================================================================================
P&I Advances at Distribution Date
- ----------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
- ----------------------------------------------------------
605,624.00 559,634.41 486,903.11 532,892.70
===========================================================
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE: JULY 7, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 6
REMITTANCE REPORT
REPORTING MONTH: Jun-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 N
-------------------
49,893,486.30
Divided by beginning pool
balance 223,653,307.99
------------------
22.308%
==================
Average 60 day delinquency ratio:
Over 60s Pool Balance %
----------------------------------------------------------
Current Mo 6,108,828.56 222,411,420.32 2.75%
1st Preceding Mo 4,883,154.02 223,653,307.99 2.18%
2nd Preceding Mo 3,915,751.76 224,853,888.48 1.74%
Divided by 3
-------------
2.22%
=============
Over 30s Pool Balance %
--------------------------------------------------------
Current Mo 11,328,184.12 222,411,420.32 5.09%
1st Preceding Mo 10,401,076.56 223,653,307.99 4.65%
2nd Preceding Mo 7,063,719.25 224,853,888.48 3.14%
Divided by 3
---------
4.30%
=========
Cumulative loss ratio:
Cumulative losses 126,257.47
---------------
Divided by Initial Certificate Principal 229,392,046.00 0.055%
========
Current realized loss ratio:
Liquidation
Losses Pool Balance
---------------------------------------------
Current Mo 64,784.40 222,411,420.32
1st Preceding Mo 37,622.19 223,653,307.99
2nd Preceding Mo 0.00 224,853,888.48
0.183%
========
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I
OAKWOOD ACCEPTANCE CORP. - SERVICER REPORT DATE: JULY 7, 1998
REMITTANCE REPORT POOL REPORT # 6
REPORTING MONTH: Jun-98 Page 3 of 7
Delinquency Analysis
31 to 59 days 60 to 89 days 90 days and Over Total Delinq.
No. of Principa Principal Principal Principal Principal
Loans Balance # Balance # Balance # Balance # Balance
------------------------------------------------------------------------------------------------------------------------
Non Repos 5,531 219,176,289.14 137 5,123,508.87 46 1,712,372.79 34 1,257,171.28 217 8,093,052.94
Repos 89 3,235,131.18 4 95,846.69 13 408,009.77 72 2,731,274.72 89 3,235,131.18
-------------------------------------------------------------------------------------------------------------------------
Total 5,620 222,411,420.32 141 5,219,355.56 59 2,120,382.56 106 3,988,446.00 306 11,328,184.12
=========================================================================================================================
5.4% 5.09%
=========================
Repossession Analysis
Active Repos Reversal Current Month
Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal
# Balance # Balance # Balance # Balance
- --------------------------------------------------------------------------------------------------------
Non Repos 89 3,235,131.18 -3 (117,317.05) 21 714,349.53 100 3,531,120.90
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE: JULY 7, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 6
REMITTANCE REPORT
REPORTING MONTH: Jun-98 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
- -----------------------------------------------------------------------------------------------------------------------------
130405-4 T. DUNSFORD 25,193.95 23,250.00 0.00 23,250.00 11,937.50 11,312.50
131334-5 T. EDGAR 11,741.49 643.00 0.00 643.00 175.00 468.00
135375-4 D. MCCURRY 36,349.32 32,000.00 0.00 32,000.00 0.00 32,000.00
138293-6 T. BYRAM 38,017.20 42,000.00 0.00 42,000.00 9,602.67 32,397.33
138437-9 T. COGBURN 25,177.24 14,372.00 0.00 14,372.00 0.00 14,372.00
139550-8 L. MALONEY 8,861.42 500.00 0.00 500.00 180.00 320.00
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
----------------------------------------------------------------------------------------------
145,340.62 112,765.00 0.00 112,765.00 21,895.17 90,869.83
==============================================================================================
Net Current
Account Customer Unrecov. Pass Thru Period Net Cumulative
Number Name Advances Proceeds Gain/(Loss) Gain/(Loss)
- --------------------------------------------------------------------------------------------
130405-4 T. DUNSFORD 1,816.41 9,496.09 (15,697.86)
131334-5 T. EDGAR 1,244.11 (776.11) (12,517.60)
135375-4 D. MCCURRY 1,665.48 30,334.52 (6,014.80)
138293-6 T. BYRAM 2,684.18 29,713.15 (8,304.05)
138437-9 T. COGBURN 1,938.48 12,433.52 (12,743.72)
139550-8 L. MALONEY 964.95 (644.95) (9,506.37)
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
---------------------------------------------------------------
10,313.61 80,556.22 (64,784.40) (126,257.47)
===============================================================
As a percentage of the aggregate cut-off date principal balance 0.00
=========
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE: JULY 7, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 6
REMITTANCE REPORT
REPORTING MONTH: Jun-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 223,653,307.99
Certificate Principal Balance of all outstanding Classes of Certificates 221,932,867.64
--------------
1,720,440.35
--------------
(C) CURRENT CLASS X STRIP AMOUNT 453,389.58
--------------
ACCELERATED PRINCIPAL DISTRIBUTION AMOUNT 0.00
--------------
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE: JULY 7, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 6
REMITTANCE REPORT
REPORTING MONTH: Jun-98 Page 6 of 7
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Original Beginning Beginning Current Current
Cert. Certificate Certificate Carryover Principal Principal
Class Balances Balances Principal Due Paid
- -------------------------------------------------------------------------------------------------------------------------------
A-1 51,500,000.00 44,040,821.64 0.00 1,241,887.67 1,241,887.67
A-1 Outstanding Writedown 0.00 0.00
A-2 39,300,000.00 39,300,000.00 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
A-3 Outstanding Writedown 0.00 0.00
A-4 6,000,000.00 6,000,000.00 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
A-5 Outstanding Writedown 0.00 0.00
A-6 12,000,000.00 12,000,000.00 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
A-7 Outstanding Writedown 0.00
M 18,352,000.00 18,352,000.00 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
B-1 Outstanding Writedown 0.00 0.00
B-2 9,176,046.00 9,176,046.00 0.00 0.00 0.00
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 0.00 1,720,440.30 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------
229,392,046.00 223,653,307.94 0.00 1,241,887.67 1,241,887.67
===============================================================================================
Ending Accelerated Ending Principal Paid
Cert. Carryover Principal Certificate Pool Per $1,000
Class Principal Distribution Balances Factor Denomination
- ----------------------------------------------------------------------------------------------------------------------------------
A-1 0.00 0.00 42,798,933.97 83.10473% 24.11
A-1 Outstanding Writedown 0.00 0.00 0.00 0.00
A-2 0.00 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 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 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 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 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 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 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 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 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 0.00 0.00 1,720,440.30
--------------------------------------------------------------
0.00 0.00 222,411,420.32
==============================================================
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I REPORT DATE: JULY 7, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 6
REMITTANCE REPORT
REPORTING MONTH: Jun-98 Page 7 of 7
CERTIFICATE INTEREST ANALYSIS
Certificate Remittance Beginning Current Total Interest Ending
Class Rate Balance Accrual Paid Shortfall Balance
-------------------------------------------------------------------------------------------------
A-1 6.05000% 0.00 222,039.14 222,039.14 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 6.00000% 0.00 196,500.00 196,500.00 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 6.10000% 0.00 138,012.50 138,012.50 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 6.37500% 0.00 31,875.00 31,875.00 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 6.60000% 0.00 77,000.00 77,000.00 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
A-6 6.82500% 0.00 68,250.00 68,250.00 0.00 0.00
A-6 Carryover Interest 0.00 0.00 0.00 0.00 0.00 0.00
A-6 Writedown Interest 0.00 0.00 0.00 0.00 0.00 0.00
A-7 6.65000% 0.00 173,282.38 173,282.38 0.00 0.00
A-7 Carryover Interest 0.00 0.00 0.00 0.00 0.00 0.00
A-7 Writedown Interest 0.00 0.00 0.00 0.00 0.00 0.00
M 6.80000% 0.00 103,994.67 103,994.67 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 7.27500% 0.00 125,160.31 125,160.31 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 8.71500% 0.00 66,641.03 66,641.03 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
X 1,781,913.37 518,173.98 453,389.58 64,784.40 1,846,697.77
R 0.00 0.00 0.00 0.00 0.00
Service Fee 0.00 186,377.76 186,377.76 0.00 0.00
-------------------------------------------------------------------------------------------
1,781,913.37 1,907,306.77 1,842,522.37 64,784.40 1,846,697.77
===========================================================================================
Interest Paid
Certificate Per $1,000 Cert. TOTAL
Class Denomination Class DISTRIBUTION
-------------------------------------------
A-1 5.04 A-1 1,463,926.81
A-1 Carryover Interest 0.00
A-1 Writedown Interest 0.00
A-2 5.00 A-2 196,500.00
A-2 Carryover Interest 0.00
A-2 Writedown Interest 0.00
A-3 5.08 A-3 138,012.50
A-3 Carryover Interest 0.00
A-3 Writedown Interest 0.00
A-4 5.31 A-4 31,875.00
A-4 Carryover Interest 0.00
A-4 Writedown Interest 0.00
A-5 5.50 A-5 77,000.00
A-5 Carryover Interest 0.00
A-5 Writedown Interest 0.00
A-6 5.69 A-6 68,250.00
A-6 Carryover Interest 0.00
A-6 Writedown Interest 0.00
A-7 5.54 A-7 173,282.38
A-7 Carryover Interest 0.00
A-7 Writedown Interest 0.00
M 5.67 M 103,994.67
M Carryover Interest 0.00
M Writedown Interest 0.00
B-1 6.06 B-1 125,160.31
B-1 Carryover Interest 0.00
B-1 Writedown Interest 0.00
B-2 7.26 B-2 66,641.03
B-2 Carryover Interest 0.00 CUMULATIVE X INTEREST SHORTFALL 1,846,697.77
B-2 Writedown Interest 0.00 CUMULATIVE ACCELERATED PRINCIPAL DISTRIB (1,720,440.30)
--------------
X X 453,389.58 CUMULATIVE LOSSES 126,257.47
==============
R R 0.00
Service Fee 186,377.76
----------------
3,084,410.04
================