8-K 1 d8k.txt OAKWOOD MORTGAGE 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) March 15, 2002. Oakwood Mortgage Investors Inc OMI Trust 2001-E ------------------------------------------------- (Exact name of registrant as specified in charter) North Carolina 333-72621-09 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.) OMI Trust 2001-E 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 2001-E (the "Trust"), the issuer of the Oakwood Mortgage Investors, Inc. Manufactured Housing Contract Senior/Subordinated Pass-Through Certificates, Series 2001-E (the "Certificates"), makes monthly distributions to holders of the Certificates. The latest distribution was made on March 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 March 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. OMI TRUST 2001-E, Registrant By: Oakwood Acceptance Corporation, LLC, as servicer March 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 March 15, 2002.......................................... OAKWOOD MORTGAGE INVESTORS, INC. 2001-E REPORT DATE: 03/07/02 OAKWOOD ACCEPTANCE CORPORATION, LLC. - SERVICER POOL REPORT # 4 REMITTANCE REPORT Page 1 of 6 REPORTING MONTH: 28-Feb-2002

Scheduled Principal Balance of Contracts -----------------------------------------------------------------------------------------------------------~~-------------------------~~ Beginning Ending Scheduled Principal Scheduled Prepaid Liquidated Pre-Funding Principal Gross Balance Principal Principal Principal Balance Interest -----------------------------------------------------------------------------------------------------------------------------~~-------~~ ~~170~~168,~~081~~907,~~977~~777.0782 (~~128~~129,~~158~~610.4588) (1673,~~046,040~~189.8063) 0.00 0.00 168,~~907~~104,~~777~~977.8231 1,520,167.78 ============================================================================================================================= ------------------------------------------------------------------------------------------------ Transfer Beginning Scheduled From Amount Principal Servicing Pass Thru Liquidation Prefunding Available for Balance Fee Interest Proceeds Account Distribution ------------------------------------------------------------------------------------------------ 168,907,777.82 140,756.48 1,379,411.30 0.00 0.00 2,322,968.29 ================================================================================================

Prefunding Account -------------------------------------------------------------------------------- Beginning Distribution to Distribution to Ending balance Deposit Seller Certificateholders balance -------------------------------------------------------------------------------- 0.00 0.00 0.00 0.00 0.00 ================================================================================

~~Transfer~~Certificate ~~Scheduled~~Account ~~Scheduled~~----------------------------------------------------------------------------------------------------- ~~From~~Beginning ~~Amount~~Deposits ~~Gross~~Investment ~~Servicing~~Ending ~~Pass Thru Liquidation Prefunding Available for Interest Fee Interest Proceeds Account Distribution~~ ------------------------- Balance Principal Interest Distributions Interest Balance ----------------------------------------------------------------------------------------------------- 1,~~530~~130,~~620~~492.0937 ~~141~~793,~~734~~739.9841 1,~~388~~527,~~885~~421.1196 0(2,705,261.0094) 0585.0024 2746,~~704,819~~977.3404 =====================================================================================================~~=======================~~

~~Prefunding~~P&I ~~Account~~Advances at Distribution Date -------------------------------------------------------------------~~-------------------------------------------~~ Beginning ~~Distribution~~(Recovered) toCurrent ~~Distribution to~~ Ending ~~balance~~Balance ~~Deposit~~(Advances) ~~Seller~~Advances ~~Certificateholders~~Balance ~~balance~~ -------------------------------------------------------------------~~-------------------------------------------~~ 0337,286.0001 0337,286.0001 0400,044.0021 0400,044.0021 ~~0.00~~ ===================================================================~~===========================================~~

~~Certificate~~OAKWOOD ~~Account~~MORTGAGE INVESTORS, INC. 2001-E REPORT DATE: 03/07/2002 OAKWOOD ACCEPTANCE CORPORATION, LLC. - SERVICER POOL REPORT # 4 REMITTANCE REPORT Page 2 of 6 REPORTING MONTH: 28-Feb-2002 Class B Crossover Test Test Met? ------------------------------------------------ ----------- (a) Distribution date on or after June 2006 N (b) Average 60 day Delinquency rate * 6.5% Y (c) Cumulative losses do not exceed the following percent of the intitial principal balance of all Certificates Distribution Date ------------------------------ Jun 2006 - Dec 2007 8.00% NA Jan 2008 - Dec 2008 9.00% NA Jan 2009 - Jun 2011 11.75% NA July 2011 and thereafter 13.75% NA (d) Current realized loss ratio * 3.50% Y (e) Does subordinated cert. percentage equal or exceed 57.000% of stated scheduled pool balance Beginning M balances 29,261,000.00 Beginning B balances 15,491,000.00 Overcollateralization 7,541,621.69 -------------- 52,293,621.69 Divided by beginning pool balance 168,907,777.82 --------------~~--------~~ ~~Beginning~~30.960% ~~Deposits~~N ~~Investment~~============== ~~Ending~~Average 60 day delinquency ratio: Over 60s Pool Balance % -------------------------- ~~Balance Principal Interest Distributions Interest Balance~~ -------------------------- Current Mo 2,277,200.33 168,104,977.31 1.35% 1st Preceding Mo 1,352,301.36 168,907,777.82 0.80% 2nd Preceding Mo 587,735.46 170,081,977.07 0.35% Divided by 3 ------ 0.83% ====== Cumulative loss ratio: Cumulative losses 0.00 --------------- Divided by Initial Certificate Principal 172,124,908.34 0.000% ====== Current realized loss ratio: Liquidation Pool Losses Balance ------------------------------------- Current Mo 0.00 168,907,777.82 1st Preceding Mo 0.00 170,081,977.07 2nd Preceding Mo 0.00 129,830,303.00 -------------------------------------~~-----------~~ ~~1,137,165~~0.4000 1156,~~159~~273,~~934~~352.3563 ~~1,393,713~~0.75000% ~~(2,560,763.73) 442.60 1,130,492.37~~ ======~~==============================================================================================================================~~

* Less than equal to OAKWOOD MORTGAGE INVESTORS, INC. 2001-E REPORT DATE: 3/7/2002 OAKWOOD ACCEPTANCE CORPORATION, LLC. - SERVICER POOL REPORT # 4 REMITTANCE REPORT Page 3 of 6 REPORTING MONTH: 28-Feb-2002

~~Class~~Delinquency BAnalysis ~~Crossover Test Test Met? Average 60 day delinquency ratio:~~ ------------------------------------------------------- ---------- ~~(a) Distribution date on or after June 2006 N Over 60s Pool Balance %~~ ------------------------------------------------------------------- ~~(b)~~31 ~~Average~~to 6059 ~~day~~days ~~Delinquency~~60 ~~rate~~to *=89 ~~6.5%~~days Y90 ~~Current~~days Moand ~~1,352,301.36~~Over ~~168,907,777.82~~Total 0Delinq.~~80%~~ ~~1st~~--------------------- ~~Preceding~~--------------------- Mo--------------------- ~~587,735.46 170,081,977.07 0.35% 2nd Preceding Mo 0.00 129,830,303.00 0.00% Divided by 3~~ ----------------------- 0No.~~38%~~ ~~======~~of ~~(c)~~Principal ~~Cumulative~~Principal ~~losses~~Principal doPrincipal ~~not~~Principal ~~exceed~~Loans ~~the~~Balance ~~following~~# ~~percent~~Balance of# ~~the~~Balance ~~intitial~~# ~~principal~~Balance ~~balance~~# ofBalance ~~all Certificates Distribution Date~~ --------------------------------------------------------------------------------------------------------------------- ~~Jun~~Excluding ~~2006~~Repos -3,249 ~~Dec~~168,075,898.31 ~~2007~~45 81,900,071.~~00%~~20 NA27 ~~Jan 2008 - Dec 2008 9~~1,022,516.~~00%~~17 NA36 ~~Jan 2009 - Jun 2011 11~~1,225,605.~~75%~~16 NA108 ~~July 2001 and thereafter 13~~4,148,192.~~75%~~53 NARepos ~~(d)~~1 ~~Current realized loss ratio *= 3~~29,079.~~50%~~00 Y0 ~~(e) Does subordinated cert~~0.00 ~~percentage~~0 ~~equal or exceed 57~~0.~~000%~~00 of1 ~~stated scheduled pool balance Cumulative loss ratio: Beginning M balances~~ 29,~~261,000~~079.00 ~~Cumulative~~1 ~~losses 0~~29,079.00 --------------------------------------------------------------------------------------------------------------------- ~~Beginning~~Total B3,250 ~~balances~~168,104,977.31 1545 1,~~491~~900,~~000~~071.0020 ~~Divided~~27 by1,022,516.17 ~~Initial~~37 ~~Certificate~~1,254,684.16 ~~Principal~~109 ~~172~~4,~~124~~177,~~908~~271.3453 0===================================================================================================================== 3.~~000~~4% 2.48% ======================= ~~Overcollateralization~~Repossession ~~7,220,273.67~~Analysis -------------- ~~51,972,273.67 Divided by beginning pool balance 170,081,977.07~~ ---------------------------------------------------------------- ~~Current~~Active ~~realized~~Repos ~~loss~~Reversal ~~ratio:~~Current ~~30.557%~~Month NOutstanding ~~==============~~(Redemption) ~~Liquidation~~Repos ~~Pool~~Cumulative ~~Losses~~Repos ~~Balance~~ ------------------------------------------------------------------------------ ~~Current~~Principal MoPrincipal ~~0.00~~Principal ~~170,081,977.07~~Principal ~~1st~~# ~~Preceding~~Balance Mo# ~~0.00~~Balance ~~129,830,303.00~~# ~~2nd~~Balance ~~Preceding~~# MoBalance ~~0.00 130,815,158.34~~ ------------------------------------------------------------------------------ 0Excluding Repos 1 29,079.00 ~~143,575,812~~0 0.8000 0 0.~~000%~~00 ~~======~~1 29,079.00 Repos Total

OAKWOOD MORTGAGE INVESTORS, INC. 2001-E REPORT DATE: 3/7/2002 OAKWOOD ACCEPTANCE CORPORATION, LLC. - SERVICER POOL REPORT # 4 REMITTANCE REPORT REPORTING MONTH: 28-Feb-2002 Page 4 of 6 REPOSSESSION LIQUIDATION REPORT

~~Delinquency~~Liquidated ~~Analysis~~Net Account Customer Principal Sales Insur. Total Repossession Liquidation Unrecov. Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds Advances -------------------------------------------------------------------------------------------------------------------------~~-----------~~ 310.00 to0.00 590.00 ~~days~~0.00 600.00 to0.00 890.00 ~~days~~0.00 900.00 ~~days~~0.00 ~~and~~0.00 ~~Over~~0.00 ~~Total~~0.00 ~~Delinq~~0.00 ~~---------------------~~0.00 ~~--------------------~~0.00 ~~---------------------~~0.00 ~~---------------------~~0.00 No0.00 of0.00 ~~Principal~~0.00 ~~Principal~~0.00 ~~Principal~~0.00 ~~Principal~~0.00 ~~Principal~~0.00 ~~Loans~~0.00 ~~Balance~~0.00 #0.00 ~~Balance~~0.00 #0.00 ~~Balance~~0.00 #0.00 ~~Balance~~0.00 #0.00 ~~Balance~~0.00 ~~-------------------------------------------------------------------------------------------------------------------~~0.00 ~~Excluding~~0.00 ~~Repos~~0.00 ~~3,259~~0.00 ~~168,878,698~~0.8200 620.00 ~~2,376,283~~0.0400 230.00 ~~831,013~~0.2800 150.00 ~~492,209~~0.0800 ~~100~~0.00 ~~3,699,505~~0.4000 ~~Repos~~0.00 10.00 ~~29,079~~0.00 0.00 0.00 0.00 0.00 10.00 ~~29,079~~0.00 10.00 ~~29,079~~0.00 ~~-----------------------------------------------------------------------------------------------------------------~~0.00 ~~Total~~0.00 ~~3,260~~0.00 ~~168,907,777~~0.8200 620.00 ~~2,376,283~~0.0400 230.00 ~~831,013~~0.2800 160.00 ~~521,288~~0.0800 ~~101~~0.00 ~~3,728,584~~0.4000 ~~=================================================================================================================~~0.00 30.1%00 20.~~21%~~00 ~~===================~~0.00 ~~Repossession~~0.00 ~~Analysis~~0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Net Current Account FHA Insurance Pass Thru Period Net Cumulative Number Coverage Proceeds Gain/(Loss) Gain/(Loss) --------------------------------------------------------------------------------- ~~Active~~0.00 ~~Repos~~0.00 ~~Reversal~~0.00 ~~Current~~0.00 ~~Month~~0.00 ~~Outstanding~~0.00 ~~(Redemption)~~0.00 ~~Repos~~0.00 ~~Cumulative~~0.00 ~~Repos~~0.00 ~~--------------------~~0.00 ~~----------------~~0.00 ~~-------------------~~0.00 ~~-------------------~~0.00 ~~Principal~~0.00 ~~Principal~~0.00 ~~Principal~~0.00 ~~Principal~~0.00 #0.00 ~~Balance~~0.00 #0.00 ~~Balance~~0.00 #0.00 ~~Balance~~0.00 #0.00 ~~Balance~~0.00 ~~---------------------------------------------------------------------------------~~0.00 ~~Excluding~~0.00 ~~Repos~~0.00 10.00 ~~29,079~~0.00 0.00 0.00 10.00 ~~29,079~~0.00 10.00 ~~29,079~~0.00 ~~Repos~~0.00 ~~Total~~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

Liquidated Net Account Customer Principal Sales Insur. Total Repossession Liquidation ~~Unrecov.~~ Number Name Balance Proceeds Refunds Proceeds Expenses Proceeds ~~Advances~~ ------------------------------------------------------------------------------------------------------------------------------------ 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 ~~0.00~~Current ~~0.00~~Account 0Unrecov.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 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 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. 2001-E REPORT DATE: 03/07/2002 OAKWOOD ACCEPTANCE CORPORATION, LLC. - SERVICER POOL REPORT # 4 REMITTANCE REPORT REPORTING MONTH: 28-Feb-2002 Page 5 of 6 CERTIFICATE PRINCIPAL ANALYSIS

~~Liquidated~~PRINCIPAL ~~Account~~Beginning ~~Customer~~Beginning Senior Original Certificate Certificate Principal ~~Sales~~Shortfall ~~Insur.~~Current ~~Total~~Principal ~~Number~~Current ~~Name~~Certificates Balance ~~Proceeds~~Balance ~~Refunds~~Carry-Over ~~Proceeds~~Due Principal Paid --------------------------------------------------------------------------------------------- A-~~-----------------------------------~~1 039,400,000.00 035,527,156.0013 0802,800.0051 0802,800.51 A-2 34,300,000.00 034,300,000.00 0.00 0.00 0A-3 10,500,000.00 010,500,000.00 0.00 0.00 0A-4 36,287,000.00 036,287,000.00 0.00 0.00 ------------------------------------------------------------------------ --------------------- 0Total Certificate Principal Balance 120,487,000.00 0116,614,156.0013 0.00 802,800.51 802,800.51 ============================================================================================= ~~Net~~Accelerated ~~Net~~Ending ~~Current~~Principal ~~Repossession~~Principal ~~Liquidation~~Ending ~~Unrecov.~~Principal ~~FHA~~Paid ~~Insurance~~Senior ~~Pass~~Shortfall ~~Thru~~Carry- ~~Period~~Distribution ~~Net~~Certificate ~~Cumulative~~Per ~~Expenses~~$1,000 ~~Proceeds~~Certificates ~~Advances~~Over ~~Coverage~~Amount ~~Proceeds~~Balance ~~Gain/(Loss)~~Pool ~~Gain/(Loss)~~Factor Denomination ------------------- ------------------------------------------------------------ A-1 326,146.92 34,398,208.70 87.30510% 28.65349 A-2 34,300,000.00 100.00000% 0.00000 A-3 10,500,000.00 100.00000% 0.00000 A-4 36,287,000.00 100.00000% 0.00000 ------------------- ---------------------------------- ~~0.00~~Total ~~0.00~~Certificate ~~0.00~~Principal ~~0.00~~Balance 0.00 0326,146.0092 0115,485,208.0070 ~~0.00~~=================== ~~0.00~~================================== 0Beginning Beginning Subordinate Original Certificate Certificate Principal Shortfall Current Principal Current Certificates Balance Balance Carry-Over Due Principal Paid --------------------------------------------------------------------------------------------- M-1 16,352,000.00 016,352,000.00 0.00 0.00 0.00 M-1 Outstanding Writedown 0.00 0M-2 12,909,000.00 012,909,000.00 0.00 0.00 0.00 M-2 Outstanding Writedown 0.00 0B-1 9,467,000.00 09,467,000.00 0.00 0.00 0.00 B-1 Outstanding Writedown 0.00 0B-2 6,024,000.00 06,024,000.00 0.00 0.00 0.00 B-2 Outstanding Writedown 0.00 0Excess Asset Principal Balance 6,885,908.0034 07,541,621.0069 0--------------------------------------------------------------------------------------------- Total Excluding Writedown Balances 51,637,908.0034 052,293,621.0069 0.00 0.00 0.00 0============================================================================================= All Certificates Excluding Writedown Balances 172,124,908.0034 0168,907,777.0082 0.00 0802,800.0051 0802,800.0051 ============================================================================================= Accelerated Ending Principal Current Principal Ending Principal Paid Shortfall Carry- Writedown/ Distribution Certificate Per $1,000 Over (Writeup) Amount Balance Pool Factor Denomination ------------------------------------------------------------ M-1 0.00 16,352,000.00 100.00000% 0.00000 M-1 Outstanding Writedown 0.00 0.00 M-2 0.00 12,909,000.00 100.00000% 0.00000 M-2 Outstanding Writedown 0.00 0.00 B-1 0.00 9,467,000.00 100.00000% 0.00000 B-1 Outstanding Writedown 0.00 0.00 B-2 0.00 6,024,000.00 100.00000% 0.00000 B-2 Outstanding Writedown 0.00 0.00 Excess Asset Principal Balance (326,146.92) 7,867,768.61 ------------------------------------------------------------- ~~0.00~~Total ~~0.00~~Excluding ~~0.00~~Writedown Balances 0.00 0.00 0(326,146.0092) 052,619,768.0061 ============================================================= All Certificates Excluding Writedown Balances 0.00 0.00 0.00 168,104,977.31 =============================================================

OAKWOOD MORTGAGE INVESTORS, INC. 2001-E REPORT DATE: 3/7/2002 OAKWOOD ACCEPTANCE CORPORATION, LLC. - SERVICER POOL REPORT # 4 REMITTANCE REPORT REPORTING MONTH 28-Feb-2002 Page 6 of 6 CERTIFICATE INTEREST ANALYSIS

Beginning ~~Beginning~~ Ending ~~Principal~~ Senior ~~Original~~Carryover ~~Certificate~~Interest ~~Certificate~~Interest ~~Principal~~Carryover ~~Shortfall Current Principal Current Shortfall Carry-~~ Certificates ~~Balance~~Coupon Balance ~~Carry-Over~~Accrued ~~Due Principal~~ Paid ~~Over~~Balance -------------------------------------------------------------------------~~-----------------------------------~~ A-1 ~~39,400,000~~2.14750% 0.00 3759,~~022,703~~340.4022 159,~~174,199~~340.2522 ~~1,174,199~~0.2500 A-2 ~~34,300,000~~5.05% 0.00 34144,~~300,000~~345.0083 0144,345.0083 0.00 A-3 ~~10,500,000~~5.69% 0.00 1049,~~500~~787.50 49,~~000~~787.50 0.00 A-4 6.81% 0.00 205,928.73 205,928.73 0.00 A-4I0 ~~36,287,000~~6.00% 360.00 281,~~287,~~000.00 0281,000.00 0.00 ------------------------------------------------------------- Total 0.00 740,402.28 740,402.28 0.00 ============================================================= Beginning Ending Subordinate Carryover Interest Interest Carryover Certificates Coupon Balance Accrued Paid Balance ------------------------------------------------------------------------- ~~Total~~M-1 ~~Certificate~~7.56% ~~Principal~~0.00 ~~Balance~~103,017.60 ~~120~~103,~~487~~017.60 0.00 Writedown interest 0.00 0.00 0.00 0.00 Certificateholders Interest Carryover Amount 0.00 0.00 0.00 0.00 M-2 8.76% 0.00 83,~~000~~678.61 83,678.61 0.00 ~~118~~Writedown interest 0.00 0.00 0.00 0.00 Certificateholders Interest Carryover Amount 0.00 10,~~109~~557.09 10,~~703~~557.4009 0.00 B-1 7.50% 0.00 59,~~174~~168.75 59,~~199~~168.2575 0.00 Writedown interest 0.00 0.00 0.00 0.00 B-2 10.50% 0.00 39,048.72 39,048.72 0.00 Writedown interest 0.00 0.00 0.00 0.00 Certificateholders Interest Carryover Amount 0.00 13,661.28 13,661.28 0.00 X 655,713.35 326,146.92 0.00 981,860.27 R 0.00 0.00 0.00 0.00 Service fee 1.0000% 0.00 140,~~174~~756.48 140,~~199~~756.2548 0.00 Current trustee fees 3,730.05 3,730.05 0.00 ------------------------------------------------------------- Total 655,713.35 779,765.50 453,618.58 981,860.27 ============================================================= All Certificates 655,713.35 1,520,167.78 1,194,020.86 981,860.27 ============================================================= ~~Accelerated~~Interest ~~Principal Ending Principal~~ Paid ~~Senior Distribution Certificate~~ Per Senior $1,000 ~~Certificates~~Total ~~Amount~~Class ~~Balance~~Certificates ~~Pool Factor~~ Denomination Distribution ------------------------------- A-1 1.50610 1,188,287.65 A-2 4.20833 144,345.83 A-3 4.74167 49,787.50 A-4 5.67500 205,928.73 A-I0 281,000.00 Total 1,869,349.71 Interest Paid Per Subordinate $1,000 Total Class Certificates Denomination Distribution -------------------------------~~-----------------~~ AM-1 ~~321,348~~6.0230000 35103,~~527,156~~017.1360 ~~90.17045%~~Writedown ~~37.95805~~interest ACertificateholders Interest Carryover Amount M-2 347.30000 94,~~300,000~~235.0070 ~~100~~Writedown interest Certificateholders Interest Carryover Amount B-1 6.~~00000%~~25000 059,168.~~00000~~75 AWritedown interest B-32 108.75000 52,~~500,000~~710.00 ~~100.00000%~~Writedown interest Certificateholders Interest Carryover Amount X 0.~~00000~~00 ~~A-4~~R ~~36,287,000~~0.00 ~~100~~Service fee 140,756.~~00000%~~48 0Current trustee fees 3,730.~~00000~~05 --------------~~-----------------------------~~ Total ~~Certificate Principal Balance 321~~453,~~348~~618.0258 ~~116,614,156.13~~ ============== All Certificates 2,322,968.29 ============== Cumulative X Interest Carryover 981,860.27 Cumulative Accelerated Prin. Disb. (981,860.27) -------------- Cumulative Losses (0.00) ===============

Beginning Original Beginning Principal Ending Principal Subordinate Certificate Certificate Shortfall Current Principal Current Shortfall Carry- Certificates Balance Balance Carry-Over Due Principal Paid Over ------------------------------------------------------------------------------------------------------ M-1 16,352,000.00 16,352,000.00 0.00 0.00 0.00 0.00 M-1 Outstanding Writedown 0.00 M-2 12,909,000.00 12,909,000.00 0.00 0.00 0.00 0.00 M-2 Outstanding Writedown 0.00 B-1 9,467,000.00 9,467,000.00 0.00 0.00 0.00 0.00 B-1 Outstanding Writedown 0.00 B-2 6,024,000.00 6,024,000.00 0.00 0.00 0.00 0.00 B-2 Outstanding Writedown 0.00 Excess Asset Principal Balance 6,885,908.34 7,220,273.67 ------------------------------------------------------------------------------------------------------ Total Excluding Writedown Balances 51,637,908.34 51,972,273.67 0.00 0.00 0.00 0.00 ====================================================================================================== All Certificates Excluding Writedown Balances 172,124,908.34 170,081,977.07 0.00 1,174,199.25 1,174,199.25 0.00 ==================================================================================================== Accelerated Current Principal Ending Principal Paid Subordinate Writedown/ Distribution Certificate Per $1,000 Certificates (Writeup) Amount Balance Pool Factor Denomination ------------------------------------------------------ M-1 16,352,000.00 100.00000% 0.00000 M-1 Outstanding Writedown 0.00 0.00 M-2 12,909,000.00 100.00000% 0.00000 M-2 Outstanding Writedown 0.00 0.00 B-1 9,467,000.00 100.00000% 0.00000 B-1 Outstanding Writedown 0.00 0.00 B-2 6,024,000.00 100.00000% 0.00000 B-2 Outstanding Writedown 0.00 0.00 Excess Asset Principal Balance (321,348.02) 7,541,621.69 ----------------------------------------------------- Total Excluding Writedown Balances 0.00 (321,348.02) 52,293,621.69 ===================================================== All Certificates Excluding Writedown Balances 0.00 0.00 168,907,777.82 =====================================================

OAKWOOD MORTGAGE INVESTORS, INC. 2001-E REPORT DATE: 2/19/2002 OAKWOOD ACCEPTANCE CORPORATION, LLC. - SERVICER POOL REPORT 3 REMITTANCE REPORT REPORTING MONTH 31-Jan-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 2.12000% 0.00 67,587.00 67,587.00 0.00 1.71541 1,563,134.27 A-2 5.05% 0.00 144,345.83 144,345.83 0.00 4.20833 144,345.83 A-3 5.69% 0.00 49,787.50 49,787.50 0.00 4.74167 49,787.50 A-4 6.81% 0.00 205,928.73 205,928.73 0.00 5.67500 205,928.73 A-10 6.00% 0.00 287,000.00 287,000.00 0.00 287,000.00 ------------------------------------------------------------- ------------- Total 0.00 754,649.06 754,649.06 0.00 2,250,196.33 ============================================================= ============= Interest Beginning Ending Paid Per Subordinate Carryover Interest Interest Carryover $1,000 Total Class Certificates Coupon Balance Accrued Paid Balance Denomination Distribution -------------------------------------------------------------- ---------------------------- M-1 7.56% 0.00 103,017.60 103,017.60 0.00 6.30000 103,017.60 Writedown interest 0.00 0.00 0.00 0.00 Interest Carryover Amount 0.00 0.00 0.00 0.00 M-2 8.76% 0.00 83,362.66 83,362.66 0.00 7.30000 94,235.70 Writedown interest 0.00 0.00 0.00 0.00 Interest Carryover Amount 0.00 0,873.04 10,873.04 0.00 B-1 7.50% 0.00 59,168.75 59,168.75 0.00 6.25000 59,168.75 Writedown interest 0.00 0.00 0.00 0.00 B-2 10.50% 0.00 38,901.29 38,901.29 0.00 8.75000 52,710.00 Writedown interest 0.00 0.00 0.00 0.00 Interest Carryover Amount 0.00 13,808.71 13,808.71 0.00 X 334,365.33 321,348.02 0.00 655,713.35 0.00 R 0.00 0.00 0.00 0.00 0.00 Service fee 1.0000% 0.00 141,734.98 141,734.98 0.00 141,734.98 Current trustee fees 3,755.98 3,755.98 0.00 3,755.98 ------------------------------------------------------------- ------------- Total 334,365.33 775,971.03 454,623.01 655,713.35 454,623.01 ============================================================= ============= All Certificates 334,365.33 1,530,620.09 1,209,272.07 655,713.35 2,704,819.34 ============================================================= ============= Cumulative X Interest Carryover 655,713.35 Cumulative Accelerated Prin. Disb. (655,713.35) ------------- Cumulative Losses (0.00) =============

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