OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: July 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 8
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: Jun-98
Scheduled Principal Balance of Contracts
- -----------------------------------------------------------------------------------------------
Beginning Ending Scheduled
Principal Scheduled Prepaid Liquidated Contracts Principal Gross
Balance Principal Principal Principal Repurchased Balance Interest
- ---------------------------------------------------------------------------------------------------------------
238,164,064.87 (336,964.74) (1,170,390.47) (535,625.68) 0.00 236,121,083.98 2,041,431.91
===============================================================================================================
Scheduled Amount
Servicing Pass Thru Liquidation Reserve Available for Limited Total
Fee Interest Proceeds Fund Draw Distribution Guarantee Distribution
- ------------------------------------------------------------------------------------------------------
198,470.05 1,842,961.86 392,570.78 0.00 3,941,357.90 0.00 3,941,357.90
======================================================================================================
Certificate Account
- --------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- --------------------------------------------------------------------------------------------------------------
1,423,812.38 2,035,771.08 1,999,931.50 (4,170,003.99) 3,995.13 1,293,506.10
==============================================================================================================
P&I Advances at Distribution Date
- -------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
- -------------------------------------------------------------------------------
1,459,556.34 1,407,665.02 1,187,529.19 1,239,420.51
===============================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: July 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 8
REMITTANCE REPORT
REPORTING MONTH: Jun-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 238,164,064.87
21.460% N
Average 60 day delinquency ratio:
Over 60s Pool Balance %
--------------------------------------------------------
Current Mo 7,242,658.54 236,121,083.98 3.07%
1st Preceding Mo 6,064,488.83 238,164,064.87 2.55%
2nd Preceding Mo 5,387,834.80 240,271,991.30 2.24%
Divided by 3
-------------
2.62%
=============
Average 30 day delinquency ratio:
Over 30s Pool Balance %
--------------------------------------------------------
Current Mo 13,013,626.99 236,121,083.98 5.51%
1st Preceding Mo 11,492,767.27 238,164,064.87 4.83%
2nd Preceding Mo 9,933,748.41 240,271,991.30 4.13%
Divided by 3
-------------
4.82%
=============
Cumulative loss ratio:
Cumulative losses 540,927.07
------------------------
Divided by Initial Certificate Principal 252,393,252.00 0.214%
=============
Current realized loss ratio:
Liquidation Pool
Losses Balance
-------------------------------------------
Current Mo 143,054.90 236,121,083.98
1st Preceding Mo 157,072.05 238,164,064.87
2nd Preceding Mo 149,509.01 240,271,991.30
0.757%
=============
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: July 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 8
REMITTANCE REPORT Page 3 of 6
REPORTING MONTH: Jun-98
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 6,359 233,245,117.88 171 5,607,690.18 60 2,258,842.70 61 2,300,019.11 292 10,166,551.99
Repos 91 2,875,966.10 6 163,278.27 10 273,935.61 74 2,409,861.12 90 2,847,075.00
---------------------------------------------------------------------------------------------------------------
Total 6,450 236,121,083.98 177 5,770,968.45 70 2,532,778.31 135 4,709,880.23 382 13,013,626.99
===============================================================================================================
5.9% 5.51%
=========================
Repossession Analysis
Active Repos Reversal Current Month
Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal
# Balance # Balance # Balance # Balance
--------------------------------------------------------------------------------------------------
Excluding Repos 91 2,875,966.10 0 0.00 29 807,637.10 173 5,208,388.10
Repos
Total
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: July 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 8
REMITTANCE REPORT
REPORTING MONTH: Jun-98 Page 4 of 6
REPOSSESSION LIQUIDATION REPORT
Liquidated Net
Account Customer Principal Sales Insur. Total Repossession Liquidation Unrecov.
Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds Advances
- ----------------------------------------------------------------------------------------------------------------------------------
130346-0 Ballew Jr, D 10,616.97 3,000.00 606.41 3,606.41 1,210.00 2,396.41 1,492.99
135202-0 Parker, J 12,699.23 2,500.00 1,123.96 3,623.96 1,210.00 2,413.96 937.87
123648-8 Ortiz, J 24,558.98 24,400.00 136.16 24,536.16 4,910.00 19,626.16 2,195.66
129531-0 Ridenour, P 23,399.24 25,000.00 128.74 25,128.74 4,910.00 20,218.74 2,265.42
130714-9 Martin, W 23,444.00 23,400.00 135.44 23,535.44 4,910.00 18,625.44 1,473.57
130951-7 Woodford, F 28,315.87 23,500.00 0.00 23,500.00 4,910.00 18,590.00 1,062.23
131364-2 Fenton, R 29,512.87 27,900.00 1,247.18 29,147.18 4,910.00 24,237.18 2,342.96
131571-2 Houser, D 25,906.22 26,400.00 156.17 26,556.17 4,910.00 21,646.17 1,506.26
132485-4 McCowan, R 38,340.09 35,000.00 520.32 35,520.32 4,910.00 30,610.32 2,174.01
132672-7 Morris, J 33,041.83 32,000.00 228.99 32,228.99 4,910.00 27,318.99 1,875.85
132735-2 Parker, L 35,251.96 33,000.00 1,993.20 34,993.20 4,910.00 30,083.20 2,347.56
134066-0 Conklin, K 20,338.34 20,400.00 252.09 20,652.09 4,910.00 15,742.09 1,582.49
135158-4 Key, T 29,900.54 29,400.00 281.87 29,681.87 4,910.00 24,771.87 1,769.58
096668-9 Crawley, K 53,520.63 53,750.00 0.00 53,750.00 8,720.00 45,030.00 5,193.66
134478-7 Madison, M 42,857.20 39,000.00 322.72 39,322.72 8,720.00 30,602.72 1,866.76
135185-7 Smith, J 52,469.14 53,500.00 318.55 53,818.55 8,720.00 45,098.55 2,996.02
136671-5 Morgan, W 51,452.57 49,900.00 2,680.78 52,580.78 8,720.00 43,860.78 1,634.54
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
---------------------------------------------------------------------------------------------------------
535,625.68 502,050.00 10,132.58 512,182.58 91,310.00 420,872.58 34,717.43
=========================================================================================================
Count 17
Net Current
Account Customer FHA Insurance Pass Thru Period Net Cumulative
Number Name Coverage Proceeds Gain/(Loss) Gain/(Loss)
- --------------------------------------------------------------------------------------------------
130346-0 Ballew Jr, D 0.00 903.42 (9,713.55)
135202-0 Parker, J 0.00 1,476.09 (11,223.14)
123648-8 Ortiz, J 6,415.63 23,846.13 (712.85)
129531-0 Ridenour, P 0.00 17,953.32 (5,445.92)
130714-9 Martin, W 0.00 17,151.87 (6,292.13)
130951-7 Woodford, F 0.00 17,527.77 (10,788.10)
131364-2 Fenton, R 0.00 21,894.22 (7,618.65)
131571-2 Houser, D 0.00 20,139.91 (5,766.31)
132485-4 McCowan, R 0.00 28,436.31 (9,903.78)
132672-7 Morris, J 0.00 25,443.14 (7,598.69)
132735-2 Parker, L 0.00 27,735.64 (7,516.32)
134066-0 Conklin, K 0.00 14,159.60 (6,178.74)
135158-4 Key, T 0.00 23,002.29 (6,898.25)
096668-9 Crawley, K 0.00 39,836.34 (13,684.29)
134478-7 Madison, M 0.00 28,735.96 (14,121.24)
135185-7 Smith, J 0.00 42,102.53 (10,366.61)
136671-5 Morgan, W 0.00 42,226.24 (9,226.33)
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
--------------------------------------------------------------------
6,415.63 392,570.78 (143,054.90) (540,927.07)
====================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: July 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 8
REMITTANCE REPORT
REPORTING MONTH: Jun-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 32,710,812.57 0.00 2,042,980.89 2,042,980.89
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
------------------------------------------------------------------------------------------------------
252,393,252.00 238,164,064.57 0.00 2,042,980.89 2,042,980.89
======================================================================================================
Ending Ending Principal Paid
Cert. Carryover Writedown Certificate Pool Per $1,000
Class Principal Amounts Balances Factor Denomination
- -----------------------------------------------------------------------------------------------------------------------------
A-1 0.00 0.00 30,667,831.68 65.33411% 43.52
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 0.00 236,121,083.68
============================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: July 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 8
REMITTANCE REPORT
REPORTING MONTH: 6/30/98 Page 6 of 6
CERTIFICATE INTEREST ANALYSIS
Certificate Remittance Beginning Current Total Interest
Class Rate Balance Accrual Paid Shortfall
-------------------------------------------------------------------------------------------------
A-1 5.77625% 0.00 157,454.86 157,454.86 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 397,872.17 520,418.06 377,363.16 143,054.90
R 0.00 0.00 0.00 0.00
Service Fee 0.00 198,470.05 198,470.05 0.00
-------------------------------------------------------------------------------
397,872.17 2,041,431.91 1,898,377.01 143,054.90
===============================================================================
Interest Paid
Certificate Ending Per $1,000 Cert. TOTAL
Class Balance Denomination Class DISTRIBUTION
----------------------------------------------------------------------------
A-1 0.00 4.81 A-1 2,200,435.75
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 540,927.07 X 377,363.16
R 0.00 R 0.00
Service Fee 0.00 198,470.05
---------------- ---------------------
540,927.07 3,941,357.90
================ =====================