DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Sep-98
Scheduled Principal Balance of Contracts
- ------------------------------------------------------------------------------------------
Beginning Ending Scheduled
Principal Scheduled Prepaid Liquidated Contracts Principal Gross
Balance Principal Principal Principal Repurchased Balance Interest
- ---------------------------------------------------------------------------------------------------------
218,449,684.22 (249,623.37) (1,385,539.01) (281,002.48) 0.00 216,533,519.36 1,866,492.55
=========================================================================================================
Certificate Account
- ------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- ------------------------------------------------------------------------------------------
1,614,197.19 1,899,615.90 1,742,677.02 (3,794,668.94) 4,561.26 1,466,382.43
==========================================================================================
REPORT DATE: OCTOBER 7, 1998
POOL REPORT # 9
Page 1 of 7
Scheduled Amount
Servicing Pass Thru Liquidation Reserve Available for
Fee Interest Proceeds Fund Draw Distribution
- ------------------------------------------------------------------------
182,041.40 1,684,451.15 136,517.70 0.00 3,638,172.63
========================================================================
P&I Advances at Distribution Date
- ---------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
- ---------------------------------------------------------
976,786.82 913,202.20 840,530.90 904,115.52
=========================================================
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Sep-98
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% N
(d) Cumulative losses do not exceed the following
percent of the intitial principal balance of all Certificates
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 1,720,440.35 N
--------------
49,893,486.35
Divided by beginning pool
balance 218,449,684.22
--------------
22.840%
==============
REPORT DATE: OCTOBER 7, 1998
POOL REPORT # 9
Page 2 of 7
Average 60 day delinquency ratio:
Over 60s Pool Balance %
----------------------------------------
Current Mo 11,163,368.24 216,533,519.36 5.16%
1st Preceding Mo 9,258,423.59 218,449,684.22 4.24%
2nd Preceding Mo 7,122,858.52 220,358,483.57 3.23%
Divided by 3
--------
4.21%
========
Average 30 day delinquency ratio:
Over 30s Pool Balance %
----------------------------------------
Current Mo 18,292,895.20 216,533,519.36 8.45%
1st Preceding Mo 16,027,770.32 218,449,684.22 7.34%
2nd Preceding Mo 13,586,115.35 220,358,483.57 6.17%
Divided by 3
-------
7.32%
=======
Cumulative loss ratio:
Cumulative losses 526,706.83
--------------
Divided by Initial Certificate
Principal 229,392,046.00 0.230%
=======
Current realized loss ratio:
Liquidation Pool
Losses Balance
-----------------------------
Current Mo 144,484.78 216,533,519.36
1st Preceding Mo 125,601.82 218,449,684.22
2nd Preceding Mo 130,362.76 220,358,483.57
0.735%
=======
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Sep-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
-------------------------------------------------------------------------------------------------------
Non Repos 5,345 210,844,655.03 193 6,954,289.55 77 2,917,779.04 72 2,756,483.92 342 12,628,552.51
Repos 155 5,688,864.33 4 175,237.41 16 606,028.67 134 4,883,076.61 154 5,664,342.69
-------------------------------------------------------------------------------------------------------
Total 5,500 216,533,519.36 197 7,129,526.96 93 3,523,807.71 206 7,639,560.53 496 18,292,895.20
=======================================================================================================
9.0% 8.45%
===========================
REPORT DATE: OCTOBER 7, 1998
POOL REPORT # 9
Page 3 of 7
Repossession Analysis
Active Repos Reversal Current Month
Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal
# Balance # Balance # Balance # Balance
- -------------------------------------------------------------------------------
155 5,688,864.33 -2 (61,243.63) 35 1,366,254.56 195 6,876,798.94
Count
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Sep-98
REPOSSESSION LIQUIDATION REPORT
Liquidated
Account Customer Principal Sales Insur. Total
Number Name Balance Proceeds Refunds Proceeds
- ------------------------------------------------------------------------
132551-3 M. PEACOCK 21,727.92 23,500.00 0.00 23,500.00
138436-1 P. STINSONS 38,869.84 31,500.00 0.00 31,500.00
139396-6 E. DENNARD 28,395.38 31,993.00 0.00 31,993.00
123876-5 J. FERRARA 10,849.95 1,500.00 0.00 1,500.00
128425-6 D. JONES 24,012.77 24,900.00 0.00 24,900.00
128432-2 R. FELIX 13,064.67 4,500.00 0.00 4,500.00
135715-1 B. HOPE 25,641.34 25,351.07 0.00 25,351.07
139038-4 D. BELCHER 13,075.21 3,250.00 0.00 3,250.00
142545-3 T. COURINGTON 33,143.41 27,900.00 0.00 27,900.00
142638-6 G. LAW 58,879.82 22,000.00 0.00 22,000.00
142918-2 J. HERNANDEZ 13,342.17 6,300.00 0.00 6,300.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
---------------------------------------------
281,002.48 202,694.07 0.00 202,694.07
=============================================
REPORT DATE: OCTOBER 7, 1998
POOL REPORT # 9
Page 4 of 7
Net Net Current
Repossession Liquidation Unrecov. Pass Thru Period Net Cumulative
Expenses Proceeds Advances Proceeds Gain/(Loss) Gain/(Loss)
- ------------------------------------------------------------------------------
6,838.70 16,661.30 2,464.93 14,196.37 (7,531.55)
12,521.40 18,978.60 3,171.93 15,806.67 (23,063.17)
2,575.85 29,417.15 3,205.40 26,211.75 (2,183.63)
0.00 1,500.00 999.47 500.53 (10,349.42)
4,532.50 20,367.50 1,731.22 18,636.28 (5,376.49)
1,232.75 3,267.25 958.69 2,308.56 (10,756.11)
2,055.00 23,296.07 1,604.11 21,691.96 (3,949.38)
1,500.00 1,750.00 1,309.62 440.38 (12,634.83)
5,004.83 22,895.17 1,987.36 20,907.81 (12,235.60)
4,005.00 17,995.00 5,572.05 12,422.95 (46,456.87)
1,915.00 4,385.00 990.56 3,394.44 (9,947.73)
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
- --------------------------------------------------------------
42,181.03 160,513.04 23,995.34 136,517.70 (144,484.78) (526,706.83)
=============================================================================
As a percentage of the aggregate cut-off date principal balance 0%
==========
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Sep-98
REPORT DATE: OCTOBER 7, 1998
POOL REPORT # 9
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 218,449,684.22
Certificate Principal Balance of all outstanding Classes of Certificates 216,729,243.87
-----------------
1,720,440.35
-----------------
(C) CURRENT CLASS X STRIP AMOUNT 363,446.28
-----------------
ACCELERATED PRINCIPAL DISTRIBUTION AMOUNT 0.00
-----------------
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Sep-98
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Original Beginning Beginning Current
Cert. Certificate Certificate Carryover Principal
Class Balances Balances Principal Due
- --------------------------------------------------------------------------------------
A-1 51,500,000.00 38,837,197.87 0.00 1,916,164.86
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 1,720,440.35 0.00 0.00
-------------------------------------------------------
229,392,046.00 218,449,684.22 0.00 1,916,164.86
=======================================================
REPORT DATE: OCTOBER 7, 1998
POOL REPORT # 9
Page 6 of 7
Current Ending Accelerated Ending Principal Paid
Cert. Principal Carryover Principal Certificate Pool Per $1,000
Class Paid Principal Distribution Balances Factor Denomination
- -----------------------------------------------------------------------------------------------------------------------------
A-1 1,916,164.86 0.00 0.00 36,921,033.01 71.69133% 37.21
A-1 Outstanding Writedown 0.00 0.00 0.00 0.00
A-2 0.00 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 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 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 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 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 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 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 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 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 0.00 1,720,440.35
---------------------------------------------------------------
1,916,164.86 0.00 0.00 216,533,519.36
===============================================================
DEUTSCHE FINANCIAL CAPITAL SECURITIZATION LLC, 1998-I
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: Sep-98
CERTIFICATE INTEREST ANALYSIS
Certificate Remittance Beginning Current Total Interest Ending
Class Rate Balance Accrual Paid Shortfall Balance
----------------------------------------------------------------------------------
A-1 6.05000% 0.00 195,804.21 195,804.21 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 2,102,662.40 507,931.06 363,446.28 144,484.73 2,247,147.18
R 0.00 0.00 0.00 0.00 0.00
Service Fee 0.00 182,041.40 182,041.40 0.00 0.00
-----------------------------------------------------------------------
2,102,662.40 1,866,492.55 1,722,007.77 144,484.73 2,247,147.18
=======================================================================
REPORT DATE: OCTOBER 7, 1998
POOL REPORT # 9
Page 7 of 7
Interest Paid
Certificate Per $1,000 Cert. TOTAL
Class Denomination Class DISTRIBUTION
---------------------------------------------------
A-1 5.04 A-1 2,111,969.07
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 2,247,147.18
B-2 Writedown Interest 0.00 CUMULATIVE ACCELERATED PRINCIPAL DISTRIB (1,720,440.35)
--------------
X
X 363,446.28 CUMULATIVE LOSSES 526,706.83
R ==============
Service Fee R 0.00
182,041.40
--------------
3,638,172.63
==============