0001021408-01-508717.txt : 20011030
0001021408-01-508717.hdr.sgml : 20011030
ACCESSION NUMBER: 0001021408-01-508717
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20011015
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20011025
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: OAKWOOD MORTGAGE INVESTORS INC OMI TRUST 2000-D
CENTRAL INDEX KEY: 0001130764
STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189]
IRS NUMBER: 880396566
STATE OF INCORPORATION: NV
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 333-72621-06
FILM NUMBER: 1765940
BUSINESS ADDRESS:
STREET 1: 1800 MCCLOUD ROAD
STREET 2: STR 850
CITY: GREENSBORO
STATE: NC
ZIP: 27409
BUSINESS PHONE: 336-664357
MAIL ADDRESS:
STREET 1: 1800 MCCLOUD ROAD
STREET 2: SUITE 850
CITY: GREENSBORO
STATE: NC
ZIP: 27409
8-K
1
d8k.txt
OMI TRUST 2000-D
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 15, 2001.
----------------
Oakwood Mortgage Investors Inc OMI Trust 2000-D
-----------------------------------------------
(Exact name of registrant as specified in charter)
North Carolina 333-72621-06 56-6578066
---------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
c/o Wells Fargo Bank Minnesota, N.A.
Attention: Lawrence Rossiter
Sixth Street & Marquette Ave
MAC N 9311-161
Minneapolis, Minnesota 55479
---------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (612) 667-3529
---------------
================================================================================
(Former name or fomr addess, if changed since last report.)
OMI Trust 2000-D
Form 8-K
Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
Not Applicable.
Item 3. Bankruptcy or Receivership.
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable.
Item 5. Other Events.
OMI Trust 2000-D (the "Trust"), the issuer of the Oakwood Mortgage
Investors, Inc. Manufactured Housing Contract Senior/Subordinated Pass-Through
Certificates, Series 2000-D (the "Certificates"), makes monthly distributions to
holders of the Certificates. The latest distribution was made on October 15,
2001. Oakwood Acceptance Corporation, as Servicer for the Trust, has prepared a
monthly Remittance Report and delivered it to the Trustee.
Remittance Report. . . . . . . . . . . . .Exhibit 20.1
Item 6. Resignations of Registrant's Directors.
Not Applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Exhibits
20.1 Monthly Remittance Report relating to the Distribution Date
occurring on October 15, 2001.
Item 8. Change in Fiscal Year.
Not Applicable.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
OMI TRUST 2000-D, Registrant
By: Oakwood Acceptance Corporation,
as servicer
October 23, 2001
Douglas R. Muir
Vice President
INDEX OF EXHIBITS
Page of Sequentially
Numbered Pages
-------------------
20.1 Monthly Remittance Report relating to Distribution
Date occurring on October 15, 2001.....................................
EX-20.1
3
dex201.txt
MONTHLY REMITTANCE REPORT
OAKWOOD MORTGAGE INVESTORS, INC. 2000-D REPORT DATE: October 5, 2001
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: 09/30/01
Scheduled Principal Balance of Contracts
------------------------------------------------------------------------------------------------------------------------------------
Beginning Ending
Principal Scheduled Prepaid Liquidated Pre-Funding Principal
Balance Principal Principal Principal Balance
------------------------------------------------------------------------------------------------------------------------------------
193,311,431.02 (165,406.31) (812,069.22) (425,730.37) 191,908,225.12
====================================================================================================================================
Scheduled Scheduled Amount
Gross Servicing Pass Thru Liquidation Reserve Available for
Interest Fee Interest Proceeds Fund Draw Distribution
------------------------------------------------------------------------------------------------------------------------------------
2,007,787.33 161,092.86 1,846,694.47 249,013.08 0.00 3,234,275.94
====================================================================================================================================
Certificate Account
------------------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
------------------------------------------------------------------------------------------------------------------------------------
248.64 1,374,926.20 2,097,345.06 (3,472,519.90) 52.00 52.00
====================================================================================================================================
P&I Advances at Distribution Date
--------------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
--------------------------------------------------------------------------------
3,041,334.91 3,041,334.91 3,301,864.19 3,301,864.19
================================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 2000-D REPORT DATE: October 5, 2001
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT Page 2 of 6
REPORTING MONTH: 09/30/01
Class B Crossover Test Test Met?
-------------------------------------------------------------------------- -------------
(a) Remittance date on or after July 2005 N
(b) Average 60 day Delinquency rate *= 5.5% N
(d) Cumulative losses do not exceed the following
percent of the intitial principal balance of all Certificates
July 2005 - Dec. 2006 7% N
Jan. 2007 - Dec. 2007 8% N
Jan. 2008 - June 2009 9.5% N
July 2009 and After 10.5% N
(e) Current realized loss ratio *= 3.00% Y
(f) Does subordinated cert. percentage equal or
exceed 55.970%
of stated scheduled pool balance
Beginning M balances 34,310,000.00
Beginning B balances 21,444,000.00
Overcollateralization 11,990,770.49
---------------
67,744,770.49
Divided by beginning pool
balance 193,311,431.02
---------------
35.044% N
===============
Average 60 day delinquency ratio:
Over 60s Pool Balance %
---------------------------------------------------------
Current Mo 24,670,854.28 191,908,225.12 12.86%
1st Preceding Mo 21,640,009.98 193,311,431.02 11.19%
2nd Preceding Mo 19,660,613.95 194,760,465.95 10.09%
Divided by 3
-------------
11.38%
=============
Cumulative loss ratio:
Cumulative losses 700,331.42
----------------------
Divided by Initial Certificate Principal 214,445,098.09 0.327%
=============
Current realized loss ratio:
Liquidation Pool
Losses Balance
--------------------------------------------
Current Mo 176,717.29 193,311,431.02
1st Preceding Mo 133,776.29 194,760,465.95
2nd Preceding Mo 130,121.00 196,201,800.04
--------------------------------------------
440,614.58 194,757,899.00
0.905%
=============
* = Less Than
OAKWOOD MORTGAGE INVESTORS, INC. 2000-D REPORT DATE: October 5, 2001
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT Page 3 of 6
REPORTING MONTH: 09/30/01
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 4,357 187,203,672.59 262 9,507,302.90 121 4,744,036.12 397 15,222,265.63 780 29,473,604.65
Repos 115 4,704,552.53 0 0.00 2 59,805.38 113 4,644,747.15 115 4,704,552.53
--------------------------------------------------------------------------------------------------------------------
Total 4,472 191,908,225.12 262 9,507,302.90 123 4,803,841.50 510 19,867,012.78 895 34,178,157.18
====================================================================================================================
20.0% 17.81%
======================
Repossession Analysis
Active Repos Reversal Current Month
Outstanding (Redemption) Repos Cumulative Repos
-------------------------- ------------------------ ---------------------- -----------------------
Principal Principal Principal Principal
# Balance # Balance # Balance # Balance
-----------------------------------------------------------------------------------------------------
Excluding Repos 115 4,704,552.53 0 0.00 18 770,788.38 175 6,720,385.15
Repos
Total
OAKWOOD MORTGAGE INVESTORS, INC. 2000-D REPORT DATE: October 5, 2001
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT Page 4 of 6
REPORTING MONTH: 09/30/01
REPOSSESSION LIQUIDATION REPORT
Liquidated Net
Account Customer Principal Sales Insur. Total Repossession Liquidation Unrecov.
Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds Advances
------------------------------------------------------------------------------------------------------------------------------------
2310993 WILLIAM W WATSON JR 60,709.95 53,650.00 329.29 53,979.29 12,179.50 41,799.79 7,782.57
2318673 DARREL J WALDROP 34,935.31 35,700.00 309.63 36,009.63 6,800.00 29,209.63 5,131.53
2318848 HARLAN R ALEXANDER 31,921.07 28,900.00 2,114.05 31,014.05 7,667.00 23,347.05 5,008.98
2321750 ERIC SNYDER 16,804.02 16,900.00 300.57 17,200.57 7,307.00 9,893.57 2,820.11
2323327 LEROY LYONS 53,963.36 52,150.00 317.45 52,467.45 12,134.50 40,332.95 6,917.74
2326437 TERRY PATTON 17,318.51 16,900.00 73.38 16,973.38 7,307.00 9,666.38 3,422.56
2342418 ANGLEA J THOMPSON 26,304.51 24,400.00 0.00 24,400.00 7,532.00 16,868.00 3,568.51
2347631 DAVID P SHELTON 41,825.48 37,400.00 3,464.23 40,864.23 7,922.00 32,942.23 4,915.73
2378412 JAMES C YOUNG 20,018.70 20,900.00 238.85 21,138.85 7,427.00 13,711.85 2,861.17
2255271 SADIE A WADFORD 40,635.78 33,700.00 0.00 33,700.00 7,811.00 25,889.00 4,251.35
2259851 CHRIS D DURFLINGER 40,110.06 38,400.00 1,224.18 39,624.18 7,952.00 31,672.18 5,778.91
2310431 DANNY NORTON 41,183.62 36,500.00 2,011.38 38,511.38 7,895.00 30,616.38 4,476.77
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
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
Net Current
Account Customer FHA Insurance Pass Thru Period Net Cumulative
Number Name Coverage Proceeds Gain/(Loss) Gain/(Loss)
----------------------------------------------------------------------------------------------------
2310993 WILLIAM W WATSON JR 0.00 34,017.22 (26,692.73)
2318673 DARREL J WALDROP 0.00 24,078.10 (10,857.21)
2318848 HARLAN R ALEXANDER 0.00 18,338.07 (13,583.00)
2321750 ERIC SNYDER 0.00 7,073.46 (9,730.56)
2323327 LEROY LYONS 0.00 33,415.21 (20,548.15)
2326437 TERRY PATTON 0.00 6,243.82 (11,074.69)
2342418 ANGLEA J THOMPSON 0.00 13,299.49 (13,005.02)
2347631 DAVID P SHELTON 0.00 28,026.50 (13,798.98)
2378412 JAMES C YOUNG 0.00 10,850.68 (9,168.02)
2255271 SADIE A WADFORD 0.00 21,637.65 (18,998.13)
2259851 CHRIS D DURFLINGER 0.00 25,893.27 (14,216.79)
2310431 DANNY NORTON 0.00 26,139.61 (15,044.01)
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
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
OAKWOOD MORTGAGE INVESTORS, INC. 2000-D REPORT DATE: October 5, 2001
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 10
REMITTANCE REPORT Page 4 of 6
REPORTING MONTH: 09/30/01
REPOSSESSION LIQUIDATION REPORT
Liquidated Net
Account Customer Principal Sales Insur. Total Repossession Liquidation
Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds
-----------------------------------------------------------------------------------------------------------------------------------
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
0.00 0.00
0.00 0.00
-----------------------------------------------------------------------------------------------
425,730.37 395,500.00 10,383.01 405,883.01 99,934.00 305,949.01
===============================================================================================
Net Current
Account Unrecov. FHA Insurance Pass Thru Period Net Cumulative
Number Advances Coverage Proceeds Gain/(Loss) Gain/(Loss)
----------------------------------------------------------------------------------------------------------
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
0.00 0.00
0.00 0.00
----------------------------------------------------------------------
56,935.93 0.00 249,013.08 (176,717.29) (700,331.42)
======================================================================
OAKWOOD MORTGAGE INVESTORS, INC. 2000-D REPORT DATE: October 5, 2001
OAKWOOD ACCEPTANCE CORP.- SERVICER POOL REPORT #10
REMITTANCE REPORT Page 5 of 6
REPORTING MONTH: 09/30/01
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
Beginning Beginning
Senior Original Certificate Certificate Principal Shortfall
Certificates Balance Balance Carry-Over
---------------------------------------------------------------------------------------------------
A-1 50,000,000.00 23,310,660.53 0.00
A-2 41,440,000.00 41,440,000.00 0.00
A-3 20,650,000.00 20,650,000.00 0.00
A-4 40,166,000.00 40,166,000.00 0.00
---------------------------------------------------------------
Total Certificate Principal Bal. 152,256,000.00 125,566,660.53 0.00
===============================================================
Ending Principal
Senior Current Principal Current Shortfall Carry-
Certificates Due Principal Paid Over
---------------------------------------------------------------------------------------------------
A-1 1,403,205.90 1,403,205.90 0.00
A-2 0.00 0.00 0.00
A-3 0.00 0.00 0.00
A-4 0.00 0.00 0.00
---------------------------------------------------------------
Total Certificate Principal Bal. 1,403,205.90 1,403,205.90 0.00
===============================================================
Accelerated
Principal Ending Principal Paid
Senior Distribution Certificate Per $1,000
Certificates Amount Balance Pool Factor Denomination
--------------------------------------- ----------------------------------------------
A-1 542,045.90 21,365,408.73 42.73082% 38.90504
A-2 0.00 41,440,000.00 100.00000% 0.00000
A-3 0.00 20,650,000.00 100.00000% 0.00000
A-4 0.00 40,166,000.00 100.00000% 0.00000
----------------------------------------------
Total Certificate Principal Bal. 542,045.90 123,621,408.73
==============================================
Beginning Beginning
Subordinate Original Certificate Certificate Principal Shortfall Current Principal
Certificates Balance Balance Carry-Over Due
-----------------------------------------------------------------------------------
M-1 18,225,000.00 18,225,000.00 0.00 0.00
M-1 Outstanding Writedown 0.00
M-2 16,085,000.00 16,085,000.00 0.00 0.00
M-2 Outstanding Writedown 0.00
B-1 10,722,000.00 10,722,000.00 0.00 0.00
B-1 Outstanding Writedown 0.00
B-2 10,722,000.00 10,722,000.00 0.00 0.00
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 6,435,098.09 11,990,770.49
-----------------------------------------------------------------------------------
Total Excluding Writedown Balances 62,189,098.09 67,744,770.49 0.00 0.00
===================================================================================
All Certificates Excluding Writedown Balances 214,445,098.09 193,311,431.02 0.00 1,403,205.90
===================================================================================
Accelerated
Ending Principal Current Principal
Subordinate Current Shortfall Carry- Writedown/ Distribution
Certificates Principal Paid Over (Writeup) Amount
----------------------------------------------------------------------------------
M-1 0.00 0.00
M-1 Outstanding Writedown 0.00
M-2 0.00 0.00
M-2 Outstanding Writedown 0.00
B-1 0.00 0.00
B-1 Outstanding Writedown 0.00
B-2 0.00 0.00
B-2 Outstanding Writedown
Excess Asset Principal Balance (542,045.90)
----------------------------------------------------------------------------------
Total Excluding Writedown Balances 0.00 0.00 0.00 (542,045.90)
==================================================================================
All Certificates Excluding Writedown Balances 1,403,205.90 0.00 0.00 0.00
==================================================================================
Ending Principal Paid
Subordinate Certificate Per $1,000
Certificates Balance Pool Factor Denomination
----------------------------
M-1 18,225,000.00 100.00000% 0.00000
M-1 Outstanding Writedown 0.00
M-2 16,085,000.00 100.00000% 0.00000
M-2 Outstanding Writedown 0.00
B-1 10,722,000.00 100.00000% 0.00000
B-1 Outstanding Writedown 0.00
B-2 10,722,000.00 100.00000% 0.00000
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 12,532,816.39
----------------------------
Total Excluding Writedown Balances 68,286,816.39
============================
All Certificates Excluding Writedown Balances 191,908,225.12
============================
OAKWOOD MORTGAGE INVESTORS, INC. 2000-D REPORT DATE: October 5, 2001
OAKWOOD ACCEPTANCE CORP.- SERVICER POOL REPORT # 10
REMITTANCE REPORT Page 6 of 6
REPORTING MO. MONTH 09/30/01
CERTIFICATE INTEREST ANALYSIS
Current
Pass Beginning Carry- Carry-Over Ending
Senior Through Over Priority Current Priority Priority Interest Carry-Over
Certificates Rate Interest Balance Interest Accrual Accrual Paid Balance
-------------------------------------------------------------------------------------------------------------
A-1 6.7000% 0.00 130,151.19 0.00 130,151.19 0.00
A-2 6.7400% 0.00 232,754.67 0.00 232,754.67 0.00
A-3 6.9900% 0.00 120,286.25 0.00 120,286.25 0.00
A-4 7.4000% 0.00 247,690.33 0.00 247,690.33 0.00
--------------------------------------------------------------------------------------------------
Total 0.00 730,882.44 0.00 730,882.44 0.00
==================================================================================================
Interest
Paid Per
Senior 1000 Total Class
Certificates Denomination Distribution
----------------------------------------
A-1 2.60302 2,075,402.99
A-2 5.61667 232,754.67
A-3 5.82500 120,286.25
A-4 6.16667 247,690.33
--------------------
Total 2,676,134.24
====================
Current Ending
Pass Beginning Carry- Carry-Over Carry-Over
Subordinate Through Over Priority Current Priority Priority Interest Priority Interest Priority Interest
Certificates Rate Interest Balance Interest Accrued Accrued Paid Balance
--------------------------------------------------------------------------------------------------------------
M-1 8.0700% 0.00 122,563.13 0.00 122,563.13 0.00
M-2 8.8100% 0.00 118,090.71 0.00 118,090.71 0.00
B-1 9.5000% 0.00 84,882.50 0.00 84,882.50 0.00
B-2 7.5000% 0.00 67,012.50 0.00 67,012.50 0.00
X 6,079,286.53 718,763.19 0.00 0.00 6,798,049.72
R 0.00 0.00 0.00 0.00 0.00
Service Fee 1.0000% 0.00 161,092.86 0.00 161,092.86 0.00
Current Trustee Fees 4,500.00 4,500.00
Total 6,079,286.53 1,276,904.89 0.00 558,141.70 6,798,049.72
=================================================================================================
All Certificates 6,079,286.53 2,007,787.33 0.00 1,289,024.14 6,798,049.72
=================================================================================================
Beginning Current Ending Interest
Carry-Over Current Carry-Over Carry-Over Paid Per
Subordinate Writedown Writedown Writedown Writedown Writedown 1000 Total Class
Certificates Int. Balance Int. Accrued Int. Accrued Interest Paid Int. Balance Denomination Distribution
--------------------------------------------------------------------------------------------------------------
M-1 0.00 0.00 6.72500 122,563.13
M-2 0.00 0.00 7.34167 118,090.71
B-1 0.00 0.00 7.91667 84,882.50
B-2 0.00 0.00 6.25000 67,012.50
X 0.00
R 0.00
Service Fee 161,092.86
Current Trustee Fees 4,500.00
Total 0.00 0.00 0.00 0.00 0.00 558,141.70
============================================================================== ================
All Certificates 0.00 0.00 0.00 0.00 0.00 3,234,275.94
============================================================================== ================
Cumulative X Interest Shortfall 6,798,049.72
Cumulative Accelerated Prin. Disb. (6,097,718.30)
----------------
Cumulative Losses 700,331.42
================