-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gh0e3mEedUcLSM+wBIdmQAYkhbxvRakCS34GaJSgGsRPuyhfEvhA2LxnfGRqJwre LTR6Bux5cwf08isv9jsaHw== 0001021408-02-011118.txt : 20020816 0001021408-02-011118.hdr.sgml : 20020816 20020816143345 ACCESSION NUMBER: 0001021408-02-011118 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020815 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020816 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SENIOR SUBORDINATED PASS THROUGH CERTIFICATES SERIES 2002-A CENTRAL INDEX KEY: 0001168242 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-70496-02 FILM NUMBER: 02741048 BUSINESS ADDRESS: STREET 1: 101 CONVENTION CNTR DR STREET 2: STR 850 CITY: LAS VEGAS STATE: NV ZIP: 89109 8-K 1 d8k.txt CERTIFICATES SERIES 2002-A 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) August 15, 2002. --------------- Senior Subordinated Pass Through Certificates Series 2002-A ----------------------------------------------------------- (Exact name of registrant as specified in charter) North Carolina 333-70496-02 applied for ------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) c/o JPMorgan Chase Attention: Craig Kantor 450 West 33/rd/ Street 14/th/ floor New York, NY 10001 ------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212) 946-3651 -------------- - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Senior Subordinated Pass Through Certificates Series 2002-A 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. Senior Subordinated Pass Through Certificates Series 2002-A (the "Trust"), the issuer of the Oakwood Mortgage Investors, Inc. Manufactured Housing Contract Senior/Subordinated Pass-Through Certificates, Series 2002-A (the "Certificates"), makes monthly distributions to holders of the Certificates. The latest distribution was made on August 15, 2002. Oakwood Acceptance Corporation, LLC, 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 August 15, 2002. 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. SENIOR SUBORDINATED PASS THROUGH CERTIFICATES SERIES 2002-A, Registrant By: Oakwood Acceptance Corporation, LLC, as servicer August 23, 2002 Douglas R. Muir Vice President INDEX OF EXHIBITS Page of Sequentially Numbered Pages 20.1 Monthly Remittance Report relating to Distribution Date occurring on August 15, 2002......................................... EX-20.1 3 dex201.txt MONTHLY REMITTANCE REPORT OAKWOOD MORTGAGE INVESTORS, INC. 2002-A REPORT DATE: 08/07/02 OAKWOOD ACCEPTANCE CORPORATION, LLC. - SERVICER POOL REPORT # 6 REMITTANCE REPORT Page 1 of 6 REPORTING MONTH: 31-Jul-2002
Scheduled Principal Balance of Contracts - --------------------------------------------------------------------------------------- Beginning Ending Scheduled Scheduled Principal Scheduled Prepaid Liquidated Pre-Funding Principal Gross Servicing Pass Thru Balance Principal Principal Principal Balance Interest Fee Interest - ------------------------------------------------------------------------------------------------------------------------------- 151,219,322.22 (112,304.76) (439,110.09) (46,674.40) 0.00 150,621,232.97 1,365,421.15 126,016.10 1,239,405.05 ================================================================================================================================ Transfer From Amount Liquidation Prefunding Available for Proceeds Account Distribution - ----------------------------------------- 7,890.80 0.00 1,924,726.80 =========================================
Prefunding Account - -------------------------------------------------------------------------------- Beginning Distribution to Distribution to Ending balance Deposit Seller Certificateholders balance - -------------------------------------------------------------------------------- 0.00 0.00 0.00 0.00 0.00 ================================================================================ Certificate Account - -------------------------------------------------------------------------------- Beginning Deposits Investment Ending --------------------- Balance Principal Interest Distributions Interest Balance - -------------------------------------------------------------------------------- 391,083.11 593,205.94 1,253,584.15 (1,945,499.56) 209.64 292,583.28 ================================================================================ P&I Advances at Distribution Date ----------------------------------------------------------- Beginning (Recovered) Current Ending Balance (Advances) Advances Balance ----------------------------------------------------------- 779,899.94 779,899.94 259,711.96 259,711.96 ===========================================================
OAKWOOD MORTGAGE INVESTORS, INC. 2002-A REPORT DATE: 8/7/2002 OAKWOOD ACCEPTANCE CORPORATION, LLC. - SERVICER POOL REPORT # 6 REMITTANCE REPORT Page 2 of 6 REPORTING MONTH: 31-Jul-2002 Class B Crossover Test Test Met? - ----------------------------------------------------------------------------- -------------------- (a) Distribution date on or after September 2006 N (b) Average 60 day Delinquency rate ** 7.0% Y (c) Cumulative losses do not exceed the following percent of the intitial principal balance of all Certificates Distribution Date ----------------- Sep 2006 - Feb 2008 8.50% NA Mar 2008 - Feb 2009 9.75% NA Mar 2009 - August 2011 12.75% NA Sep 2011 and thereafter 14.50% NA (d) Current realized loss ratio ** 4.00% Y (e) Does subordinated cert. percentage equal or exceed 62.700% of stated scheduled pool balance Beginning M balances 26,589,000.00 Beginning B balances 16,422,000.00 Overcollateralization 10,486,592.60 ----------------- 53,497,592.60 Divided by beginning pool balance 151,219,322.22 ----------------- 35.377% N ================= Average 60 day delinquency ratio: Over 60s Pool Balance % -------------------------------------------------------- Current Mo 5,050,755.90 150,621,232.97 3.35% 1st Preceding Mo 3,195,243.35 151,219,322.22 2.11% 2nd Preceding Mo 2,144,762.73 151,793,731.76 1.41% Divided by 3 -------------- 2.29% ============== Cumulative loss ratio: Cumulative losses 38,783.60 ------------------------ Divided by Initial Certificate Principal 156,406,218.39 0.025% ============== Current realized loss ratio: Liquidation Pool Losses Balance ------------------------------------------ Current Mo 38,783.60 151,219,322.22 1st Preceding Mo 0.00 151,793,731.76 2nd Preceding Mo 0.00 152,889,118.50 ------------------------------------------ 38,783.60 151,967,390.83 0.102% ==============
** denotes less than or equal to
OAKWOOD MORTGAGE INVESTORS, INC. 2002-A REPORT DATE: 8/7/2002 OAKWOOD ACCEPTANCE CORPORATION, LLC. - SERVICER POOL REPORT # 6 REMITTANCE REPORT Page 3 of 6 REPORTING MONTH: 31-Jul-2002 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 2,740 149,412,931.48 72 3,008,343.71 40 1,722,192.17 45 2,120,262.24 157 6,850,798.12 Repos 32 1,208,301.49 0 0.00 3 104,290.62 29 1,104,010.87 32 1,208,301.49 ------------------------------------------- ---------------------------------------------------------- Total 2,772 150,621,232.97 72 3,008,343.71 43 1,826,482.79 74 3,224,273.11 189 8,059,099.61 =========================================== ========================================================== 6.8% 5.35% =================== Repossession Analysis ------------------------------------------------------------------------------------------- Active Repos Reversal Current Month Outstanding (Redemption) Repos Cumulative Repos -------------------- -------------------- ------------------- -------------------------- Principal Principal Principal Principal # Balance # Balance # Balance # Balance ------------------------------------------------------------------------------------------- Excluding Repos 32 1,208,301.49 0 0.00 16 541,302.51 34 1,255,349.10 Repos Total
OAKWOOD MORTGAGE INVESTORS, INC. 2002-A REPORT DATE: 8/7/2002 OAKWOOD ACCEPTANCE CORPORATION, LLC. - SERVICER POOL REPORT # 6 REMITTANCE REPORT REPORTING MONTH: 31-Jul-2002 Page 4 of 6 REPOSSESSION LIQUIDATION REPORT Liquidated Net Account Customer Principal Sales Insur. Total Repossession Liquidation Unrecov. FHA Insurance Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds Advances Coverage - -------------- --------------------------------------------------------------------------------------------------------------------- 1 2554251 AMY E DAVIS 13,781.96 14,400.00 145.48 14,545.48 11,282.00 3,263.48 1,336.27 0.00 2 2558542 PATRICK W EDWARDS 32,892.44 20,000.00 0.00 20,000.00 11,450.00 8,550.00 2,586.41 0.00 3 0.00 0.00 4 0.00 0.00 5 0.00 0.00 6 0.00 0.00 7 0.00 0.00 8 0.00 0.00 9 0.00 0.00 10 0.00 0.00 11 0.00 0.00 12 0.00 0.00 13 0.00 0.00 14 0.00 0.00 15 0.00 0.00 16 0.00 0.00 17 0.00 0.00 18 0.00 0.00 19 0.00 0.00 20 0.00 0.00 21 0.00 0.00 22 0.00 0.00 23 0.00 0.00 24 0.00 0.00 25 0.00 0.00 26 0.00 0.00 27 0.00 0.00 28 0.00 0.00 29 0.00 0.00 30 0.00 0.00 31 0.00 0.00 32 0.00 0.00 33 0.00 0.00 34 0.00 0.00 35 0.00 0.00 36 0.00 0.00 37 0.00 0.00 38 0.00 0.00 39 0.00 0.00 40 0.00 0.00 41 0.00 0.00 42 0.00 0.00 43 0.00 0.00 44 0.00 0.00 45 0.00 0.00 46 0.00 0.00 47 0.00 0.00 48 0.00 0.00 49 0.00 0.00 50 0.00 0.00 51 0.00 0.00 52 0.00 0.00 53 0.00 0.00 54 0.00 0.00 55 0.00 0.00 56 0.00 0.00 57 0.00 0.00 --------------------------------------------------------------------------------------------------- 46,674.40 34,400.00 145.48 34,545.48 22,732.00 11,813.48 3,922.68 0.00 =================================================================================================== Net Current Account Pass Thru Period Net Cumulative Number Proceeds Gain/(Loss) Gain/(Loss) - -------------- --------------------------------------- 1 2554251 1,927.21 (11,854.75) 2 2558542 5,963.59 (26,928.85) 3 0.00 0.00 4 0.00 0.00 5 0.00 0.00 6 0.00 0.00 7 0.00 0.00 8 0.00 0.00 9 0.00 0.00 10 0.00 0.00 11 0.00 0.00 12 0.00 0.00 13 0.00 0.00 14 0.00 0.00 15 0.00 0.00 16 0.00 0.00 17 0.00 0.00 18 0.00 0.00 19 0.00 0.00 20 0.00 0.00 21 0.00 0.00 22 0.00 0.00 23 0.00 0.00 24 0.00 0.00 25 0.00 0.00 26 0.00 0.00 27 0.00 0.00 28 0.00 0.00 29 0.00 0.00 30 0.00 0.00 31 0.00 0.00 32 0.00 0.00 33 0.00 0.00 34 0.00 0.00 35 0.00 0.00 36 0.00 0.00 37 0.00 0.00 38 0.00 0.00 39 0.00 0.00 40 0.00 0.00 41 0.00 0.00 42 0.00 0.00 43 0.00 0.00 44 0.00 0.00 45 0.00 0.00 46 0.00 0.00 47 0.00 0.00 48 0.00 0.00 49 0.00 0.00 50 0.00 0.00 51 0.00 0.00 52 0.00 0.00 53 0.00 0.00 54 0.00 0.00 55 0.00 0.00 56 0.00 0.00 57 0.00 0.00 ------------------------- 7,890.80 (38,783.60) (38,783.60) =======================================
OAKWOOD MORTGAGE INVESTORS, INC. 2002-A REPORT DATE: 8/7/2002 OAKWOOD ACCEPTANCE CORPORATION, LLC. - SERVICER POOL REPORT # 6 REMITTANCE REPORT REPORTING MONTH: 31-Jul-2002 Page 5 of 6 CERTIFICATE PRINCIPAL ANALYSIS PRINCIPAL Beginning Beginning Current Senior Original Certificate Certificate Principal Shortfall Current Principal Principal Certificates Balance Balance Carry-Over Due Paid -------------------------------------------------------------------------------------- A-1 36,300,000.00 29,229,729.62 598,089.25 598,089.25 A-2 30,600,000.00 30,600,000.00 0.00 0.00 A-3 13,900,000.00 13,900,000.00 0.00 0.00 A-4 23,992,000.00 23,992,000.00 0.00 0.00 -------------------------------------------------------------------------------------- Total Certificate Principal Balance 104,792,000.00 97,721,729.62 0.00 598,089.25 598,089.25 ====================================================================================== Accelerated Ending Principal Principal Ending Principal Paid Senior Shortfall Carry- Distribution Certificate Per $1,000 Certificates Over Amount Balance Pool Factor Denomination ---------------- ------------------------------------------------------ A-1 381,927.48 28,249,712.89 77.82290% 26.99771 A-2 30,600,000.00 100.00000% 0.00000 A-3 13,900,000.00 100.00000% 0.00000 A-4 23,992,000.00 100.00000% 0.00000 ---------------- --------------------------- Total Certificate Principal Balance 0.00 381,927.48 96,741,712.89 ================ =========================== Beginning Beginning Current Subordinate Original Certificate Certificate Principal Shortfall Current Principal Principal Certificates Balance Balance Carry-Over Due Paid -------------------------------------------------------------------------------------- M-1 16,423,000.00 16,423,000.00 0.00 0.00 0.00 M-1 Outstanding Writedown 0.00 M-2 10,166,000.00 10,166,000.00 0.00 0.00 0.00 M-2 Outstanding Writedown 0.00 B-1 7,429,000.00 7,429,000.00 0.00 0.00 0.00 B-1 Outstanding Writedown 0.00 B-2 8,993,000.00 8,993,000.00 0.00 0.00 0.00 B-2 Outstanding Writedown 0.00 Excess Asset Principal Balance 8,603,218.39 10,486,592.60 ------------------------------------------------------------------------------------- Total Excluding Writedown Balances 51,614,218.39 53,497,592.60 0.00 0.00 0.00 ===================================================================================== All Certificates Excluding Writedown Balances 156,406,218.39 151,219,322.22 0.00 598,089.25 598,089.25 ===================================================================================== Accelerated Ending Principal Current Principal Ending Principal Paid Subordinate Shortfall Carry- Writedown/ Distribution Certificate Per $1,000 Certificates Over (Writeup) Amount Balance Pool Factor Denomination ------------------------------------------------------- M-1 0.00 16,423,000.00 100.00000% 0.00000 M-1 Outstanding Writedown 0.00 0.00 M-2 0.00 10,166,000.00 100.00000% 0.00000 M-2 Outstanding Writedown 0.00 0.00 B-1 0.00 7,429,000.00 100.00000% 0.00000 B-1 Outstanding Writedown 0.00 0.00 B-2 0.00 8,993,000.00 100.00000% 0.00000 B-2 Outstanding Writedown 0.00 0.00 Excess Asset Principal Balance (381,927.48) 10,868,520.08 ------------------------------------------------------- Total Excluding Writedown Balances 0.00 0.00 (381,927.48) 53,879,520.08 ======================================================= All Certificates Excluding Writedown Balances 0.00 0.00 0.00 150,621,232.97 =======================================================
OAKWOOD MORTGAGE INVESTORS, INC. 2002-A REPORT DATE: 8/7/2002 OAKWOOD ACCEPTANCE CORPORATION, LLC. - SERVICER POOL REPORT # 6 REMITTANCE REPORT REPORTING MONTH 31-Jul-2002 Page 6 of 6 CERTIFICATE INTEREST ANALYSIS Interest Beginning Ending Paid Per Senior Carryover Interest Interest Carryover $1,000 Total Class Certificates Coupon Balance Accrued Paid Balance Denomination Distribution ------------------------------------------------------------------------- ------------------------------- A-1 2.08875% 0.00 52,573.93 52,573.93 0.00 1.44832 1,032,590.66 A-2 5.01% 0.00 127,755.00 127,755.00 0.00 4.17500 127,755.00 A-3 6.03% 0.00 69,847.50 69,847.50 0.00 5.02500 69,847.50 A-4 6.97% 0.00 139,353.53 139,353.53 0.00 5.80833 139,353.53 A-10 6.00% 0.00 128,000.00 128,000.00 0.00 128,000.00 ----------------------------------------------------------- ------------ Total 0.00 517,529.96 517,529.96 0.00 1,497,546.69 =========================================================== ============ Interest Beginning Ending Paid Per Subordinate Carryover Interest Interest Carryover $1,000 Total Class Certificates Coupon Balance Accrued Paid Balance Denomination Distribution ------------------------------------------------------------------------- -------------------------------- M-1 7.76% 0.00 106,202.07 106,202.07 0.00 6.46667 106,202.07 Writedown interest 0.00 0.00 0.00 0.00 M-2 8.50% 0.00 72,009.17 72,009.17 0.00 7.08333 72,009.17 Writedown interest 0.00 0.00 0.00 0.00 B-1 8.50% 0.00 52,622.08 52,622.08 0.00 7.08333 52,622.08 Writedown interest 0.00 0.00 0.00 0.00 B-2 8.85% 0.00 65,870.35 65,870.35 0.00 7.37500 66,323.38 Writedown interest 0.00 0.00 0.00 0.00 Certificateholders Interest Carryover Amount 0.00 453.03 453.03 0.00 X 1,883,374.21 420,711.08 0.00 2,304,085.29 0.00 R 0.00 0.00 0.00 0.00 0.00 Service fee 1.0000% 0.00 126,016.10 126,016.10 0.00 126,016.10 Current trustee fees 4,007.31 4,007.31 0.00 4,007.31 ----------------------------------------------------------- ------------- Total 1,883,374.21 847,891.19 427,180.11 2,304,085.29 427,180.11 =========================================================== ============ All Certificates 1,883,374.21 1,365,421.15 944,710.07 2,304,085.29 1,924,726.80 =========================================================== ============ Cumulative X Interest Carryover 2,304,085.29 Cumulative Accelerated Prin. Disb. (2,265,301.69) ------------- Cumulative Losses 38,783.60 =============
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