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) July 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 July 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 July 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 July 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 July 15, 2002 .......................................

Scheduled Principal Balance of Contracts ----------------------------------------------------------------------------------- Beginning Ending Principal Scheduled Prepaid Liquidated Pre-Funding Principal Balance Principal Principal Principal Balance ----------------------------------------------------------------------------------- 119,456,468.39 (79,374.85) (751,140.69) 0.00 0.00 118,624,952.85 ===================================================================================

Transfer Beginning Scheduled Scheduled From Amount Principal Group Servicing Pass Thru Liquidation Prefunding Available for Balance Interest Fee Interest Proceeds Account Distribution -------------------------------------------------------------------------------------------- 119,456,468.39 1,041,057.09 99,546.22 941,510.87 0.00 0.00 1,871,572.63 ============================================================================================

Class B Crossover Test Test Met? ------------------------------------------------------------- --------- (a) Distribution date on or after September 2006 N (b) Average 60 day Delinquency rate (less than)= 7.0% #DIV/0! (c) Cumulative losses do not exceed the following percent of the initial 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 (less than)= 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 8,603,218.39 -------------- 51,614,218.39 Divided by beginning pool balance 119,455,468.39 -------------- 43.208% N ==============

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 2,157 118,624,952.85 2 67,527.85 0 0.00 0 0.00 2 67,527.85 Repos 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 --------------------------------------------------------------------------------------- Total 2,157 118,624,952.85 2 67,527.85 0 0.00 0 0.00 2 67,527.85 ======================================================================================= 0.1% 0.06% ===============

Liquidated Account Customer Principal Sales Insur. Total Repossession Number Name Balance Proceeds Refunds Proceeds Expenses ----------------------------------------------------------------------------------------------------------------------------------- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 Net Current Liquidation Unrecov. FHA Insurance Pass Thru Period Net Cumulative Proceeds 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 Account Customer Principal Sales Insur. Total Repossession Number Name Balance Proceeds Refunds Proceeds Expenses ------------------------------------------------------------------------------------------------------------------------------------ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 Net Current Liquidation Unrecov. FHA Insurance Pass Thru Period Net Cumulative Proceeds 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 ==========================================================================================================================

Beginning Beginning Senior Original Certificate Certificate Principal Shortfall Current Principal Current Certificates Balance Balance Carry-Over Due Principal Paid ----------------------------------------------------------------------------------------------------------------- A-1 36,300,000.00 36,300,000.00 830,515.54 830,515.54 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 104,792,000.00 104,792,000.00 0.00 830,515.54 830,515.54 =================================================================================================================

Accelerated Ending Principal Principal Ending Principal Paid Shortfall Carry- Distribution Certificate Per $1,000 Over Amount Balance Pool Factor Denomination ------------------ ---------------------------------------------------------------------------------- A-1 141,970.07 35,327,514.39 97.32098% 26.79024 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 0.00 141,970.07 103,819,514.39 =============================== ====================================

Beginning Beginning Subordinate Original Certificate Certificate Principal Shortfall Current Principal Current Certificates Balance Balance Carry-Over Due Principal 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 8,603,218.39 ----------------------------------------------------------------------------------------------------- Total Excluding Writedown Balances 51,614,218.39 51,614,218.39 0.00 0.00 0.00 ====================================================================================================== All Certificates Excluding Writedown Balances 156,406,218.39 156,406,218.39 0.00 830,515.54 830,515.54 ======================================================================================================

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 16,423,000.00 100.00000% 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 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 (141,970.07) 8,745,188.46 ----------------------------------------------------------------------- Total Excluding Writedown Balances 0.00 0.00 (141,970.07) 51,756,188.46 ======================================================================= All Certificates Excluding Writedown Balances 0.00 0.00 0.00 155,575,702.85 =======================================================================

Beginning Ending Senior Carryover Interest Interest Carryover Certificates Coupon Balance Accrued Paid Balance ------------------------------------------------------------------------------------------ A-1 2.10000% 0.00 31,762.50 31,762.50 0.00 A-2 5.01% 0.00 127,755.00 127,755.00 0.00 A-3 6.03% 0.00 69,847.50 69,847.50 0.00 A-4 6.97% 0.00 139,353.53 139,353.53 0.00 A-I0 6.00% 0.00 130,500.00 130,500.00 0.00 ------------------------------------------------------------------------------------------ Total 0.00 499,218.53 499,218.53 0.00 ==========================================================================================

------------------------------------------------------------------------------------------ Beginning Ending Subordinate Carryover Interest Interest Carryover Certificates Coupon Balance Accrued Paid Balance ------------------------------------------------------------------------------------------ M-1 7.76% 0.00 106,202.07 106,202.07 0.00 Writedown interest 0.00 0.00 0.00 0.00 M-2 8.50% 0.00 72,009.17 72,009.17 0.00 Writedown interest 0.00 0.00 0.00 0.00 B-1 8.50% 0.00 52,622.08 52,622.08 0.00 Writedown interest 0.00 0.00 0.00 0.00 B-2 8.85% 0.00 66,116.24 66,116.24 0.00 Writedown interest 0.00 0.00 0.00 0.00 Certificateholders Interest Carryover Amount 0.00 207.14 207.14 0.00 X 0.00 141,970.07 0.00 141,970.07 R 0.00 0.00 0.00 0.00 Service fee 1.0000% 0.00 99,546.22 99,546.22 0.00 Current trustee fees 3,165.57 3,165.57 0.00 ------------------------------------------------------------------------------------------ Total 0.00 541,838.56 399,868.49 141,970.07 ========================================================================================== All Certificates 0.00 1,041,057.09 899,087.02 141,970.07 ==========================================================================================

Interest Paid Per Senior $1,000 Total Class Certificates Denomination Distribution -------------------------------- A-1 0.87500 1,004,248.11 A-2 4.17500 127,755.00 A-3 5.02500 69,847.50 A-4 5.80833 139,353.53 A-I0 130,500.00 ------------ Total 1,471,704.14 ============

Interest Paid Per Subordinate $1,000 Total Class Certificates Denomination Distribution -------------------------------- M-1 6.46667 106,202.07 Writedown interest M-2 Writedown interest 7.08333 72,009.17 B-1 Writedown interest 7.08333 52,622.08 B-2 7.37500 66,323.38 Writedown interest Certificateholders Interest Carryover Amount X 0.00 R 0.00 Service fee 99,546.22 Current trustee fees 3,165.57 ------------ Total 399,868.49 ============ All Certificates 1,871,572.63 ============ Cumulative X Interest Carryover 141,970.07 Cumulative Accelerated Price Debt (141,970.07) ============ Cumulative Lease (0.00) ============

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