OAKWOOD MORTGAGE INVESTORS, INC. 1997-D
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: 9/30/98
Scheduled Principal Balance of Contracts
- -----------------------------------------------------------------------------------------------------------------------------------
Beginning Ending Scheduled
Principal Scheduled Prepaid Liquidated Contracts Principal Gross
Balance Principal Principal Principal Repurchased Balance Interest
- -----------------------------------------------------------------------------------------------------------------------------------
231,171,461.32 (336,991.03) (1,246,087.81) (1,005,170.73) 0.00 228,583,211.75 1,992,376.56
===================================================================================================================================
Certificate Account
- -----------------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
- -----------------------------------------------------------------------------------------------------------------------------------
1,616,524.12 2,581,569.33 1,955,674.23 (4,502,194.32) 4,585.94 1,656,159.30
===================================================================================================================================
REPORT DATE: October 12, 1998
POOL REPORT # 11
Page 1 of 6
Scheduled Amount
Servicing Pass Thru Liquidation Reserve Available for Limited Total
Fee Interest Proceeds Fund Draw Distribution Guarantee Distribution
- ----------------------------------------------------------------------------------------------------------------------------------
192,642.88 1,799,733.68 771,028.97 0.00 4,346,484.37 0.00 4,346,484.37
==================================================================================================================================
P&I Advances at Distribution Date
- -----------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
- -----------------------------------------------------------------------------------
1,580,578.59 1,507,062.04 1,185,210.98 1,258,727.53
===================================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: 9/30/98
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 231,171,461.32
22.109% N
REPORT DATE: October 12, 1998
POOL REPORT # 11
Page 2 of 6
Average 60 day delinquency ratio:
Over 60s Pool Balance %
--------------------------------------------------------
Current Mo 8,217,588.17 228,583,211.75 3.60%
1st Preceding Mo 7,886,933.53 231,171,461.32 3.41%
2nd Preceding Mo 7,829,676.07 233,668,609.90 3.35%
Divided by 3
-------------
3.45%
=============
Average 30 day delinquency ratio:
Over 30s Pool Balance %
--------------------------------------------------------
Current Mo 14,007,220.55 228,583,211.75 6.13%
1st Preceding Mo 14,494,208.72 231,171,461.32 6.27%
2nd Preceding Mo 12,105,340.28 233,668,609.90 5.18%
Divided by 3
-------------
5.86%
=============
Cumulative loss ratio:
Cumulative losses 1,210,587.87
------------------------
Divided by Initial Certificate Principal 252,393,252.00 0.480%
=============
Current realized loss ratio:
Liquidation Pool
Losses Balance
-------------------------------------------
Current Mo 234,141.76 228,583,211.75
1st Preceding Mo 233,590.54 231,171,461.32
2nd Preceding Mo 201,928.50 233,668,609.90
1.164%
=============
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: 9/30/98
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 6,149 224,670,291.11 167 5,558,544.15 56 1,893,041.27 74 2,668,722.36 297 10,120,307.78
Repos 110 3,912,920.64 7 231,088.23 12 402,081.65 90 3,253,742.89 109 3,886,912.77
---------------------------------------------------------------------------------------------------------------------
Total 6,259 228,583,211.75 174 5,789,632.38 68 2,295,122.92 164 5,922,465.25 406 14,007,220.55
=====================================================================================================================
6.5% 6.13%
===============================
REPORT DATE: October 12, 1998
POOL REPORT # 11
Page 3 of 6
Repossession Analysis
Active Repos Reversal Current Month
Outstanding (Redemption) Repos Cumulative Repos
Principal Principal Principal Principal
# Balance # Balance # Balance # Balance
- -----------------------------------------------------------------------------------------------------------
110 3,912,920.64 0 0.00 37 1,306,909.02 275 8,752,051.55
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: 9/30/98
REPOSSESSION LIQUIDATION REPORT
Liquidated Net
Account Customer Principal Sales Insur. Total Repossession Liquidation
FHA? Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds
- ------------------------------------------------------------------------------------------------------------------------------------
128813-3 Underwood, E 22,410.95 33,025.00 42.31 33,067.31 4,910.00 28,157.31
128980-0 Battles, K 35,517.42 30,400.00 204.16 30,604.16 4,910.00 25,694.16
129824-9 Combs, E 26,331.70 27,000.00 438.04 27,438.04 4,910.00 22,528.04
129908-0 Abundis, N 35,936.80 29,000.00 1,951.19 30,951.19 4,910.00 26,041.19
129957-7 Faulkner, D 34,021.24 31,900.00 1,922.19 33,822.19 4,910.00 28,912.19
130811-3 Dotson, G 27,055.62 29,000.00 425.46 29,425.46 4,910.00 24,515.46
131461-6 Heatley, R 26,527.51 25,000.00 100.36 25,100.36 4,910.00 20,190.36
132160-3 Dubosky, S 25,039.40 27,275.00 436.55 27,711.55 4,910.00 22,801.55
132170-2 Codling, J 11,198.27 14,400.00 667.96 15,067.96 4,910.00 10,157.96
133097-6 Coggins, J 29,114.24 30,200.00 0.00 30,200.00 4,910.00 25,290.00
133416-8 Crader, J 28,513.81 30,425.00 251.68 30,676.68 4,910.00 25,766.68
133535-5 Osborne, S 28,638.33 29,375.00 37.11 29,412.11 4,910.00 24,502.11
Y 133775-7 Bordeaux, D 18,006.25 19,400.00 0.00 19,400.00 4,910.00 14,490.00
134254-2 Drake, A 30,694.70 29,375.00 1,539.07 30,914.07 4,910.00 26,004.07
134389-6 Smith, K 32,867.68 33,075.00 267.84 33,342.84 4,910.00 28,432.84
135064-4 Bedwell, E 33,769.35 32,500.00 620.22 33,120.22 4,910.00 28,210.22
136123-7 Eubanks, R 29,464.47 26,500.00 0.00 26,500.00 4,910.00 21,590.00
136667-3 Tolbert, R 23,047.91 23,000.00 1,830.77 24,830.77 4,910.00 19,920.77
136858-8 Ragsdale, R 21,302.66 19,400.00 1,359.72 20,759.72 4,910.00 15,849.72
137323-2 Rigney, W 33,880.93 34,000.00 943.16 34,943.16 4,910.00 30,033.16
137456-0 Thacker, M 27,365.75 27,000.00 675.69 27,675.69 4,910.00 22,765.69
137758-9 Lawing, K 33,104.84 31,700.00 2,454.85 34,154.85 4,910.00 29,244.85
137766-2 Wilson, J 32,069.72 30,400.00 2,844.89 33,244.89 4,910.00 28,334.89
129367-9 Jones, C 54,447.49 53,650.00 465.74 54,115.74 8,720.00 45,395.74
129590-6 Harrod, L 53,201.28 48,900.00 468.06 49,368.06 8,720.00 40,648.06
130632-3 Rissler, J 40,117.25 42,650.00 30.97 42,680.97 8,720.00 33,960.97
131087-9 Osborne, E 37,899.77 38,450.00 0.00 38,450.00 8,720.00 29,730.00
131931-8 Flickinger, I 38,905.05 40,650.00 454.72 41,104.72 8,720.00 32,384.72
132581-0 Valdez, S 43,317.99 44,250.00 56.33 44,306.33 8,720.00 35,586.33
137099-8 Mullikin, D 47,774.92 50,650.00 0.00 50,650.00 8,720.00 41,930.00
137374-5 Pender, T 36,080.62 48,250.00 63.98 48,313.98 8,720.00 39,593.98
132793-1 Roden, D 7,546.81 2,500.00 0.00 2,500.00 500.00 2,000.00
0.00 0.00
0.00 0.00
---------------------------------------------------------------------------------------------
1,005,170.73 1,013,300.00 20,553.02 1,033,853.02 183,190.00 850,663.02
=============================================================================================
Count 32
REPORT DATE: October 12, 1998
POOL REPORT # 11
Page 4 of 6
Net Current
Unrecov. FHA Insurance Pass Thru Period Net Cumulative
Advances Coverage Proceeds Gain/(Loss) Gain/(Loss)
- ---------------------------------------------------------------------------------------------------
2,273.00 0.00 25,884.31 3,473.36
4,523.57 0.00 21,170.59 (14,346.83)
1,668.69 0.00 20,859.35 (5,472.35)
3,094.64 0.00 22,946.55 (12,990.25)
2,602.02 0.00 26,310.17 (7,711.07)
1,750.62 0.00 22,764.84 (4,290.78)
2,671.84 0.00 17,518.52 (9,008.99)
1,427.89 0.00 21,373.66 (3,665.74)
2,180.55 0.00 7,977.41 (3,220.86)
2,346.46 0.00 22,943.54 (6,170.70)
2,458.44 0.00 23,308.24 (5,205.57)
2,640.98 0.00 21,861.13 (6,777.20)
1,704.87 4,699.01 17,484.14 (522.11)
1,503.08 0.00 24,500.99 (6,193.71)
3,909.59 0.00 24,523.25 (8,344.43)
2,721.66 0.00 25,488.56 (8,280.79)
4,066.06 0.00 17,523.94 (11,940.53)
2,209.68 0.00 17,711.09 (5,336.82)
1,623.94 0.00 14,225.78 (7,076.88)
3,707.09 0.00 26,326.07 (7,554.86)
1,546.19 0.00 21,219.50 (6,146.25)
2,493.79 0.00 26,751.06 (6,353.78)
1,622.30 0.00 26,712.59 (5,357.13)
11,011.24 0.00 34,384.50 (20,062.99)
2,376.55 0.00 38,271.51 (14,929.77)
2,022.94 0.00 31,938.03 (8,179.22)
2,192.65 0.00 27,537.35 (10,362.42)
2,241.88 0.00 30,142.84 (8,762.21)
1,980.69 0.00 33,605.64 (9,712.35)
2,252.60 0.00 39,677.40 (8,097.52)
2,421.09 0.00 37,172.89 1,092.27
1,086.47 0.00 913.53 (6,633.28)
0.00 0.00 0.00
0.00 0.00 0.00
- ---------------------------------------------------------------------------
84,333.06 4,699.01 771,028.97 (234,141.76) (1,210,587.87)
===================================================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: 9/30/98
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Original Beginning Beginning Current Current Ending
Cert. Certificate Certificate Carryover Principal Principal Carryover
Class Balances Balances Principal Due Paid Principal
- ---------------------------------------------------------------------------------------------------------------------------
A-1 46,940,000.00 25,718,209.02 0.00 2,588,249.57 2,588,249.57 0.00
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 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 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 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 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 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 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 0.00
B-2 Outstanding Writedown 0.00 0.00 0.00
----------------------------------------------------------------------------------------------
252,393,252.00 231,171,461.02 0.00 2,588,249.57 2,588,249.57 0.00
==============================================================================================
REPORT DATE: October 12, 1998
POOL REPORT # 11
Page 5 of 6
Ending Principal Paid
Writedown Certificate Pool Per $1,000
Amounts Balances Factor Denomination
- ------------------------------------------------------------------------------------
0.00 23,129,959.45 49.27558% 55.14
0.00 0.00 0.00 0.00
0.00 46,290,000.00 100.00000% 0.00
0.00 0.00 0.00 0.00
0.00 30,260,000.00 100.00000% 0.00
0.00 0.00 0.00 0.00
0.00 15,340,000.00 100.00000% 0.00
0.00 0.00 0.00 0.00
0.00 62,453,000.00 100.00000% 0.00
0.00 0.00 0.00 0.00
0.00 17,037,000.00 100.00000% 0.00
0.00 0.00 0.00 0.00
0.00 23,977,000.00 100.00000% 0.00
0.00 0.00 0.00 0.00
0.00 10,096,252.00 100.00000% 0.00
0.00 0.00 0.00 0.00
- -----------------------------------
0.00 228,583,211.45
===================================
OAKWOOD MORTGAGE INVESTORS, INC. 1997-D
OAKWOOD ACCEPTANCE CORP. - SERVICER
REMITTANCE REPORT
REPORTING MONTH: 9/30/98
CERTIFICATE INTEREST ANALYSIS
Certificate Remittance Beginning Current Total Interest
Class Rate Balance Accrual Paid Shortfall
------------------------------------------------------------------------------------------------
A-1 5.70984% 0.00 122,372.38 122,372.38 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 976,446.11 512,272.36 278,130.60 234,141.76
R 0.00 0.00 0.00 0.00
Service Fee 0.00 192,642.88 192,642.88 0.00
---------------------------------------------------------------------------------
=================================================================================
976,446.11 1,992,376.56 1,758,234.80 234,141.76
=================================================================================
REPORT DATE: October 12, 1998
POOL REPORT # 11
Page 6 of 6
Interest Paid
Ending Per $1,000 Cert. TOTAL
Balance Denomination Class DISTRIBUTION
- -----------------------------------------------------------------------------------------------
0.00 4.76 A-1 2,710,621.95
0.00 0.00
0.00 0.00
0.00 5.29 A-2 244,951.25
0.00 0.00
0.00 0.00
0.00 5.42 A-3 163,908.33
0.00 0.00
0.00 0.00
0.00 5.60 A-4 85,967.92
0.00 0.00
0.00 0.00
0.00 5.79 A-5 361,706.96
0.00 0.00
0.00 0.00
0.00 5.79 M 98,672.63
0.00 0.00
0.00 0.00
0.00 6.10 B-1 146,359.60
0.00 0.00
0.00 0.00
0.00 6.29 B-2 63,522.25
0.00 0.00
0.00 0.00
0.00 Limited Guarantee 0.00
1,210,587.87 X 278,130.60
0.00 R 0.00
0.00 192,642.88
-------------- ---------------
==============
1,210,587.87 4,346,484.37
============== ===============