OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: September 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: Aug-98
Scheduled Principal Balance of Contracts
- ---------------------------------------------------------------------------------------------------------------------------------
Beginning Ending
Principal Scheduled Prepaid Liquidated Contracts Principal
Balance Principal Principal Principal Repurchased Balance
- -------------------------------------------------------------------------------------------------------------------------------
233,668,609.90 (337,552.71) (1,378,708.08) (780,887.79) 0.00 231,171,461.32
===============================================================================================================================
Scheduled Scheduled Amount
Gross Servicing Pass Thru Liquidation Reserve Available for Limited Total
Interest Fee Interest Proceeds Fund Draw Distribution Guarantee Distribution
- ------------------------------------------------------------------------------------------------------------------------------------
2,000,654.37 194,723.84 1,805,930.53 547,297.25 0.00 4,264,212.41 0.00 4,264,212.41
====================================================================================================================================
Certificate Account
- ---------------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- ---------------------------------------------------------------------------------------------------------------------------------
1,656,186.35 2,488,580.01 1,943,314.29 (4,475,947.90) 4,391.37 1,616,524.12
=================================================================================================================================
P&I Advances at Distribution Date
- ----------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
- ----------------------------------------------------------------------------------
1,416,120.70 1,338,279.88 1,502,737.77 1,580,578.59
==================================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: September 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT
REPORTING MONTH: Aug-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 233,668,609.90
21.873% N
Average 60 day delinquency ratio:
Over 60s Pool Balance %
--------------------------------------------------------
Current Mo 7,886,933.53 231,171,461.32 3.41%
1st Preceding Mo 7,829,676.07 233,668,609.90 3.35%
2nd Preceding Mo 7,242,658.54 236,121,083.98 3.07%
Divided by 3
-------------
3.28%
=============
Average 30 day delinquency ratio:
Over 30s Pool Balance %
--------------------------------------------------------
Current Mo 14,494,208.72 231,171,461.32 6.27%
1st Preceding Mo 12,105,340.28 233,668,609.90 5.18%
2nd Preceding Mo 13,013,626.99 236,121,083.98 5.51%
Divided by 3
-------------
5.65%
=============
Cumulative loss ratio:
Cumulative losses 976,446.11
------------------------
Divided by Initial Certificate Principal 252,393,252.00 0.387%
=============
Current realized loss ratio:
Liquidation Pool
Losses Balance
-------------------------------------------
Current Mo 233,590.54 231,171,461.32
1st Preceding Mo 201,928.50 233,668,609.90
2nd Preceding Mo 143,054.90 236,121,083.98
0.994%
=============
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: September 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT Page 3 of 6
REPORTING MONTH: Aug-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 6,216 227,549,044.58 190 6,380,675.71 49 1,574,416.49 79 2,940,675.45
Repos 105 3,622,416.74 7 226,599.48 13 397,528.16 84 2,974,313.43
-------------------------------------------------------------------------------------------------------------
Total 6,321 231,171,461.32 197 6,607,275.19 62 1,971,944.65 163 5,914,988.88
=============================================================================================================
Repossession Analysis
Active Repos Reversal Current Month
Total Delinq. Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal Principal
# Balance # Balance # Balance # Balance # Balance
- ------------------------------------------------------------------------------------------------------------------------------------
318 10,895,767.65 105 3,622,416.74 -1 (31,913.75) 29 932,915.38 238 7,445,142.53
104 3,598,441.07
- -----------------------------
422 14,494,208.72
=============================
6.7% 6.27%
=============================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: September 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPOR
REPORTING MONTH: Aug-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
- ------------------------------------------------------------------------------------------------------------------------------------
119425-7 Cannady, A 14,663.72 16,000.00 0.00 16,000.00 4,910.00 11,090.00
125273-3 Horn, R 21,925.03 22,400.00 0.00 22,400.00 4,910.00 17,490.00
128633-5 French, J 37,301.93 35,400.00 403.68 35,803.68 4,910.00 30,893.68
129135-0 Privette, T 15,862.31 14,000.00 0.00 14,000.00 4,910.00 9,090.00
129167-3 Pierce, B 37,561.35 36,600.00 0.00 36,600.00 4,910.00 31,690.00
130473-2 Shaw, P 27,763.28 27,000.00 187.45 27,187.45 4,910.00 22,277.45
131274-3 Crump, J 30,904.92 33,000.00 119.37 33,119.37 4,910.00 28,209.37
132413-6 Anderson, L 47,863.95 46,400.00 499.65 46,899.65 4,910.00 41,989.65
134328-4 Davis, K 21,963.24 20,000.00 84.36 20,084.36 4,910.00 15,174.36
134840-8 Gregg, B 36,621.24 35,500.00 556.18 36,056.18 4,910.00 31,146.18
136070-0 Tolbert, R 24,748.63 23,400.00 68.62 23,468.62 4,910.00 18,558.62
136156-7 Watts Sr, R 35,363.97 34,550.00 0.00 34,550.00 4,910.00 29,640.00
136224-3 Ivory, G 25,845.74 26,400.00 0.00 26,400.00 4,910.00 21,490.00
136375-3 Bosarge, B 33,735.96 33,200.00 0.00 33,200.00 4,910.00 28,290.00
136793-7 Taylor, K 25,881.84 27,000.00 378.67 27,378.67 4,910.00 22,468.67
128670-7 Smith, N 36,042.87 38,250.00 60.49 38,310.49 8,720.00 29,590.49
129472-7 Canfield, C 43,679.40 39,900.00 18.49 39,918.49 8,720.00 31,198.49
130240-5 Sauceda, J 43,768.41 47,250.00 99.69 47,349.69 8,720.00 38,629.69
130721-4 Faircloth, S 39,197.61 38,650.00 88.31 38,738.31 8,720.00 30,018.31
132123-1 Corbin, S 54,343.18 54,900.00 0.00 54,900.00 8,720.00 46,180.00
133670-0 Matthews, C 55,885.06 55,650.00 675.66 56,325.66 8,720.00 47,605.66
126742-6 Davis, R 14,986.93 4,000.00 0.00 4,000.00 500.00 3,500.00
132106-6 Glenn, R 31,797.52 9,573.50 1,717.01 11,290.51 500.00 10,790.51
132718-8 Vann, E 8,741.68 2,000.00 445.06 2,445.06 500.00 1,945.06
133363-2 Brandon, T 3,048.72 3,000.00 12.41 3,012.41 500.00 2,512.41
136169-0 Mims, C 11,389.30 3,200.00 0.00 3,200.00 500.00 2,700.00
----------------------------------------------------------------------------------------------------
780,887.79 727,223.50 5,415.10 732,638.60 128,470.00 604,168.60
====================================================================================================
Net Current
Account Unrecov. FHA Insurance Pass Thru Period Net Cumulative
Number Advances Coverage Proceeds Gain/(Loss) Gain/(Loss)
- --------------------------------------------------------------------------------------------------------
119425-7 1,715.11 0.00 9,374.89 (5,288.83)
125273-3 2,021.49 0.00 15,468.51 (6,456.52)
128633-5 2,487.60 0.00 28,406.08 (8,895.85)
129135-0 1,019.33 0.00 8,070.67 (7,791.64)
129167-3 2,140.48 0.00 29,549.52 (8,011.83)
130473-2 2,810.32 7,466.54 26,933.67 (829.61)
131274-3 2,001.95 0.00 26,207.42 (4,697.50)
132413-6 3,651.07 0.00 38,338.58 (9,525.37)
134328-4 1,248.45 0.00 13,925.91 (8,037.33)
134840-8 1,668.99 0.00 29,477.19 (7,144.05)
136070-0 1,554.70 0.00 17,003.92 (7,744.71)
136156-7 3,536.17 0.00 26,103.83 (9,260.14)
136224-3 2,575.51 0.00 18,914.49 (6,931.25)
136375-3 3,137.77 0.00 25,152.23 (8,583.73)
136793-7 2,056.34 0.00 20,412.33 (5,469.51)
128670-7 2,435.02 0.00 27,155.47 (8,887.40)
129472-7 2,342.19 0.00 28,856.30 (14,823.10)
130240-5 3,720.15 0.00 34,909.54 (8,858.87)
130721-4 3,012.48 0.00 27,005.83 (12,191.78)
132123-1 4,928.38 0.00 41,251.62 (13,091.56)
133670-0 5,214.21 0.00 42,391.45 (13,493.61)
126742-6 2,087.47 0.00 1,412.53 (13,574.40)
132106-6 2,111.51 0.00 8,679.00 (23,118.52)
132718-8 2,261.78 0.00 (316.72) (9,058.40)
133363-2 954.43 0.00 1,557.98 (1,490.74)
136169-0 1,644.99 0.00 1,055.01 (10,334.29)
-----------------------------------------------------------------------
64,337.89 7,466.54 547,297.25 (233,590.54) (976,446.11)
=======================================================================================
Count 26
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: September 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT
REPORTING MONTH: Aug-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 28,215,357.60 0.00 2,497,148.58 2,497,148.58
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
----------------------------------------------------------------------------------------------
252,393,252.00 233,668,609.60 0.00 2,497,148.58 2,497,148.58
==============================================================================================
Ending Ending Principal Paid
Cert. Carryover Writedown Certificate Pool Per $1,000
Class Principal Amounts Balances Factor Denomination
- ------------------------------------------------------------------------------------------------------------------------------------
A-1 0.00 0.00 25,718,209.02 54.78954% 53.20
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 0.00 231,171,461.02
=============================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D REPORT DATE: September 12, 1998
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT
REPORTING MONTH: 8/31/98 Page 6 of 6
CERTIFICATE INTEREST ANALYSIS
Certificate Remittance Beginning Current Total Interest Ending
Class Rate Balance Accrual Paid Shortfall Balance
--------------------------------------------------------------------------------------------------
A-1 5.76063% 0.00 139,963.48 139,963.48 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 6.35000% 0.00 244,951.25 244,951.25 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 6.50000% 0.00 163,908.33 163,908.33 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 6.72500% 0.00 85,967.92 85,967.92 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 6.95000% 0.00 361,706.96 361,706.96 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
M 6.95000% 0.00 98,672.63 98,672.63 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 7.32500% 0.00 146,359.60 146,359.60 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 7.55000% 0.00 63,522.25 63,522.25 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
Limited Guarantee 0.00 0.00 0.00 0.00 0.00
X 742,855.57 500,878.11 267,287.57 233,590.54 976,446.11
R 0.00 0.00 0.00 0.00 0.00
Service Fee 0.00 194,723.84 194,723.84 0.00 0.00
--------------------------------------------------------------------------------------------
742,855.57 2,000,654.37 1,767,063.83 233,590.54 976,446.11
============================================================================================
Interest Paid
Certificate Per $1,000 Cert. TOTAL
Class Denomination Class DISTRIBUTION
------------------------------------------------------------------------
A-1 4.96 A-1 2,637,112.06
A-1 Carryover Interest 0.00
A-1 Writedown Interest 0.00
A-2 5.29 A-2 244,951.25
A-2 Carryover Interest 0.00
A-2 Writedown Interest 0.00
A-3 5.42 A-3 163,908.33
A-3 Carryover Interest 0.00
A-3 Writedown Interest 0.00
A-4 5.60 A-4 85,967.92
A-4 Carryover Interest 0.00
A-4 Writedown Interest 0.00
A-5 5.79 A-5 361,706.96
A-5 Carryover Interest 0.00
A-5 Writedown Interest 0.00
M 5.79 M 98,672.63
M Carryover Interest 0.00
M Writedown Interest 0.00
B-1 6.10 B-1 146,359.60
B-1 Carryover Interest 0.00
B-1 Writedown Interest 0.00
B-2 6.29 B-2 63,522.25
B-2 Carryover Interest 0.00
B-2 Writedown Interest 0.00
Limited Guarantee Limited Guarantee 0.00
X X 267,287.57
R R 0.00
Service Fee 194,723.84
---------------
4,264,212.41
===============