Exhibit 99.1
ABS East 2005
September 2005
Forward-Looking Statements
From time to time the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors a could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. The risks and uncertainties that may affect the operations, performance and results of the Company’s business include the following: increases in mortgage lending interest rates; adverse changes in the secondary market for mortgage loans; decline in real estate values; limited cash flow to fund operations; dependence on short-term financing facilities; concentration of operations in California, Florida, New York and Texas; the occurrence of natural disasters (including the adverse impact of hurricane Katrina); extensive government regulation; intense competition in the mortgage lending industry and the condition of the U.S. economy and financial system. For a more complete discussion of these risks and uncertainties, see “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations - Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2004 and subsequent filings by the Company with the United States Securities and Exchange Commission
Page 2
Contents
Company Overview
Loan Production
Operations/Quality
Loan Servicing
Collateral Performance
Page 3
Company Overview
Page 4
Company History
Company founded in 1954, one of the most established in the industry
Public equity 1992, first public subprime securitization 1993, ($8.6 billion)
Full servicing platform capabilities – established 1996
FITCH - RSP 3-
Moodys’ - SQ3
S&P -Average
New management team in 1999 led by CEO Jay Meyerson
IPO in November of 2004 that included conversion of the company to a Real Estate Investment Trust (REIT). Since that time, the company has:
built a revenue-generating portfolio in excess of $3.5 billion. paid $0.34 per share dividend for Q2 2005.
Page 5
REIT Structure
Dual business model which leverages the national origination franchise and servicing platform in a tax efficient structure
Portfolio, prudently leveraged and match funded
Aames REIT
Aames Investment Corporation (AIC: NYSE)
Origination and Servicing Platform with significant NOL
Taxable REIT Subsidiary Aames Financial Corp
Loans for Portfolio
Non-Portfolio loans sold
Page 6
Liquidity and Capital Markets Experience
Warehouse capacity from leading counterparties
Current
Bear Stearns Mortgage Capital Corp. $500MM
Morgan Stanley Mortgage Capital Inc. 500
Lehman Brothers Bank, FSB 500
Countrywide Warehouse Lending 300
Citigroup Global Markets Realty Corp. 300
Greenwich Capital Financial Products Inc. 700
Total $2.8B
Whole Loan Sales:
$0.7B - YTD Jun-05
$5.9B - CY 2004
$5.3B - CY 2003
Page 7
Aames Direct Internet Homepage
Page 8
Mortgage Banking - Overview
Retail
84 branches nationwide
Over 660 Loan Officers
Direct marketing
Wholesale
3,250 active broker relationships
Over 180 Account Executives
Web based submission capabilities
Credit Operations
QC / Compliance / Investor / due diligence
Centralized nationwide funding capabilities
Technology-enabled credit underwriting and collateral appraisal
Scale processing
5 Wholesale Centers
Loan Funding & Sales
Whole Loan Sales (cash execution)
Securitization (residual or portfolio income)
In-house servicing or sale of Servicing Rights (cash execution or in-house - income potential)
Diversified, high-touch origination network
Broad product line and customer/ broker service as key differentiators
Value focused leadership
National market reach
Robust, disciplined credit administration
Efficient operations enabled by advanced technology
Advanced data analytics provides real-time performance information
Recent strategy focused on whole loan sales for cash
Established relationships with largest investors and counterparties
Full loan servicing and investor reporting capability
Page 9
Retail Overview
Aames Retail has built one of the largest independent retail franchises using sophisticated marketing, sales force management, and product / regional market optimization strategies
Retail Channel
#3 Independent sub-prime lender (#11 overall)
Sophisticated direct marketing management process
Multiple lead sources
Telemarketing lead origination
Leading-edge analytics & tracking
Direct mail targets 1.2 million households per month
Strong local presence: 84 branches with over 660 Loan Officers
Production Trends
Calendar Year Ended December YTD June
2002 2003 2004 2005
Volume ($MM) 1,776 1,987 2,414 1,140
Loans (000’s) 16.8 15.9 19.0 8.0
Avg Loan Size ($000’s) 106.0 125.1 126.9 142.1
Avg. LTV 76.4% 76.8% 76.8% 76.1%
Extensive, direct-to-consumer national retail platform
Note: Rankings from National Mortgage News 2Q05 report.
Page 10
Wholesale Overview
Aames Wholesale provides a broad product range and service to longstanding broker client franchise (tenure in AEs and customer base)
Wholesale Channel
#6 Independent wholesale originator (#17 overall) focused on serving needs of mortgage broker channel
National presence
3,250 broker relationships
Over 180 AEs
Significant market share with smaller and mid-sized brokers
No significant volume concentration in one broker
Rapidly emerging electronic/phone channel
Broker Direct 22 person Telesales unit focused on a service advantage
Aames Direct: fast pre-qualification & submission web site
High mix of Purchase business (>50%)
Production Trends
Calendar Year Ended December YTD June
2002 2003 2004 2005
Volume ($MM) 2,174 3,332 4,998 1,766
Loans (000’s) 16.0 23.8 34.1 12.8
Avg Loan Size ($000’s) 136.2 140.2 146.4 138.2
Avg. LTV 79.8% 81.5% 81.4% 81.6%
Rapidly growing wholesale network with broad coverage and established relationships
Note: Rankings from National Mortgage News 2Q05 report.
Page 11
Competitive Ranking - - Top Subprime Lenders
($ in millions)
Overall
Rank Organization Name Q2 05
1 Ameriquest Mortgage Corp. (E) (1) $17,500
2 New Century Financial Corp. $13,444
3 Countrywide Financial Corp. $10,436
4 Option One Mortgage Corp. (2) $10,041
5 Fremont Investment & Loan $9,244
6 Washington Mutual (3) $8,753
7 Wells Fargo Home Mortgage $8,520
8 WMC Mortgage Corp. (4) $8,151
9 First Franklin Financial (5) $8,086
10 HSBC Mortgage Services/Household (6) $5,087
11 GMAC-RFC $4,605
12 CitiFinancial (7) $4,313
13 BNC Mortgage, Inc. $4,255
14 Accredited Home Lenders $4,139
15 Decision One Mortgage $3,681
16 Encore Credit Corporation $3,163
17 Finance America Corporation (8) $2,752
18 Aegis Mortgage Corporation (E) $2,600
19 Chase Home Finance $2,501
20 NovaStar Mortgage, Inc. $2,339
21 Ownit Mortgage/Oakmont $2,082
22 ResMAE Mortgage Corp. $1,771
23 Fieldstone Mortgage $1,634
24 Aames Financial Corporation $1,597
25 First NLC Financial Services $1,462
Retail
Rank Organization Name Q2 05
1 Ameriquest Mortgage Corp. (E) $10,500
2 Wells Fargo Home Mortgage $6,001
3 Countrywide Financial Corp. $3,489
4 CitiFinancial $3,065
5 New Century Financial Corp. $1,313
6 Chase Home Finance $1,022
7 Option One Mortgage Corp. $926
8 Aegis Mortgage Corporation (E) $850
9 Centex Home Equity Company $843
10 H&R Block Mortgage (E) $750
11 Aames Financial Corporation $676
12 Ace Mortgage Funding, Inc. $579
13 First Franklin Financial $524
14 Delta Funding Corp. $390
15 NovaStar Mortgage, Inc. $383
16 Accredited Home Lenders $364
17 E-Loan $348
18 Equity One, Inc. $305
19 First NLC Financial Services (E) $292
20 Secured Funding $196
21 Saxon Mortgage $178
22 Fieldstone Mortgage $165
23 People’s Choice Home Loan, Inc (E) $130
24 Encore Credit Corporation $109
25 HSBC Mortgage Services/Household $99
Wholesale
Rank Organization Name Q2 05
1 New Century Financial Corp. $10,138
2 Fremont Investment & Loan $8,776
3 Option One Mortgage Corp. $8,678
4 First Franklin Financial $7,562
5 Ameriquest Mortgage Corp. (E) $7,000
6 BNC Mortgage, Inc. $4,045
7 Accredited Home Lenders $3,776
8 Countrywide Financial Corp. $3,735
9 Decision One Mortgage $3,340
10 Washington Mutual $3,063
11 Encore Credit Corporation $3,054
12 Finance America Corporation $2,703
13 Ownit Mortgage/Oakmont $2,082
14 Wells Fargo Home Mortgage $1,871
15 NovaStar Mortgage, Inc. $1,827
16 ResMAE Mortgage Corp. $1,771
17 Fieldstone Mortgage $1,469
18 Chase Home Finance $1,455
19 People’s Choice Home Loan, Inc (E) $1,170
20 MILA, Inc. $1,169
21 WMC Mortgage Corp. $1,146
22 First NLC Financial Services (E) $1,097
23 CIT Group Consumer Finance $1,027
24 Aegis Mortgage Corporation (E) $1,000
25 Aames Financial Corporation $921
Source: National Mortgage News 2Q05 Rankings
Page 12
Loan Production Overview
Page 13
Historical Production Results
37% CAGR
($ in billions) $8.0
$7.0
$6.0
$5.0
$4.0
$3.0
$2.0
$1.0
$-
Retail
Wholesale
$2.1 $2.8 $4.0 $5.3 $7.4
33%
67%
CY 2000
CY 2001
CY 2002
CY 2003
CY 2004
Page 14
Production Profile - - YTD June 2005
Weighted Average
FICO 617
LTV 79.0%
IO 11.5%
Hybrid
Fixed
2nd Mortgage
Alt-A
79.4%
12.0%
8.5%
0.1%
Loan Purpose:
Cashout Refinance
Purchase
Rate/Term Refinance
39.0%
57.4%
3.6%
Page 15
Origination by State
Top 5 States CY 2004
California 32%
Florida 19%
Texas 7%
New York 7%
Washington 4%
All others 31%
Top 5 States YTD June 2005
California 28%
Florida 23%
Texas 8%
New York 6%
Washington 2%
All others 33%
Page 16
Production Profile – LTV & FICO Distribution
% of Originations
40.00%
30.00%
20.00%
10.00%
0.00%
FICO Score
Avg: 608
500
525
550
600
650
700
700+
N/A
FICO
2003
2004
2005
% of Originations
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
LTV Ratio
Avg: 79%
65 70 75 80 85 90 95 100
% LTV
2003
2004
2005
Page 17
Underwriting Guidelines
Super AIM:
Credit Grade
“A+” “A” “A-” “B” “C” “C-”
12 Month Mortgage History 0x30 1x30 3x30 1x60 1x90 1x120
Minimum Credit Score 500 (580 for interest-only loans) 500 (580 for interest-only loans) 500 500 500 500
BK/FC Seasoning 24 months 24 months 24 months 18 months 12 months No Current BK
Full Documentation,
Owner Occupied Max LTV 80%; 100% for credit score of 620 or above 80%; 95% for credit score of 550 or above 80%; 95% for credit score of 550 or above 80%; 90% for credit score of 550 or above 75%; 85% for credit score of 550 or above or 70%
Full Documentation, Owner Occupied Max LTV 80%; 95% for credit score of 550 or above 80%; 95% for credit score of 550 or above 85%; 95 for credit score of 550 or above 80%; 90% for credit score of 550 or above 75%; 85% for credit score of 550 or above 70%
Limited Documentation, Owner Occupied Max LTV 80%; 95% for credit score of 550 or above 80%; 90% for credit score of 550 or above 80%; 85% for credit score of 550 or above 80%; 85% for credit score of 550 or above 75%; 80% for credit score of 550 or above 70%
Stated Owner Occupied Max LTV 80%; 90% for credit score of 580 or above 80%; 90% for credit score of 620 and above 75%; 80% for credit score of 525 and above 525 75%; 80% for credit score of 550andabove 70%; 75% for credit score of 550and above Not available
Page 18
Credit Profile of Aames Borrower
First Liens for All Channels:
2004
Credit Grade A+/A A- B C C- D Total
Total Origination Amt 84.6% 5.4% 6.5% 2.8% 0.7% - 100.0%
LTV 79.2% 77.4% 75.7% 70.5% 65.9% 71.0% 78.5%
FICO 618 560 560 550 541 503 608
% NIV or Light Doc 41.5% 33.8% 33.7% 33.2% 7.5% - 40.1%
% Multi-Family 7.3% 4.8% 4.3% 6.0% 4.9% - 6.9%
% Non-Owner 5.1% 4.1% 3.5% 3.8% 2.6% - 4.9%
YTD June 2005
Credit Grade A+/A A- B C C- Total
Total Origination Amt 86.6% 4.2% 5.9% 2.7% 0.6% 100.0%
LTV 77.6% 75.7% 75.6% 70.4% 64.9% 77.1%
FICO 624 561 559 552 544 615
% NIV or Light Doc 39.7% 34.6% 33.0% 35.5% 7.2% 38.8%
% Multi-Family 7.3% 6.4% 4.8% 5.7% 9.1% 4.1%
% Non-Owner 5.1% 3.3% 4.8% 3.7% 4.1% 5.0%
Page 19
Quality Initiatives
Page 20
Major Quality Initiatives
Collateral Evaluation
Hansen ProScore, a risk-based tool used to initially determine internal appraisal review process
All high-risk (0’s and 1’s) ProScores receive a full appraisal review
Moderate and low risk appraisals receive a full underwriter review in the Appraisal Management System (“AMS”) designed to further identify potentially high risk appraisals
Additional review of moderate and low risk (2’s, 3’s and 4’s) ProScores based on underwriter’s review
Page 21
Major Quality Initiatives
Post Funding Audit
100% post funding audit
Full compliance review with material issues referred to Loan Management Group (LMG), who specializes in remedying compliance findings
Credit and loan documentation review with material findings referred to LMG to remedy issues
Page 22
Major Quality Initiatives
Traditional Quality Control
QC Department utilizes the Cogent system to select loans for a statistical sampling. The key factor driving the sample size are the most recent 3 month defect rate and the annual production count forecast.
Additional target audits are based on observations, trends, previous audit findings, new brokers, new employees and new programs.
QC issues Resolution Alerts when fraud is discovered from a random, target or default audit.
Reports issued to Senior Management include monthly Random Audit Report, Monthly Default Report and Target Audit Summations
100% FPD and EPD audit
Page 23
Loan Servicing Overview
Page 24
Aames NLS Background/History
Loan Servicing team has been operating at Aames for 9 years
Original team formed in 1996
Transitioned to a national servicing platform
Fiserv (MortgageServ) System
Dialer, IVR and other system investments made to enhance group capability
Peaked at 60,000 loans, $4.5 billion, over 180 FTE
Page 25
Aames NLS Today
Mission: To employ the experience of the team for the benefit of our customers by providing timely, accurate and professional service and by fostering a culture that promotes the enjoyment of homeownership.
Total loans serviced: 36,052
Portfolio balance: $5,167,145,707
Team size: 96
LPE: 376
Turnover rate: 9.10%
Average Aames tenure: 6 years
Servicer Ratings:
Moody’s : SQ3
Fitch: RPS3-
S&P: Average
Page 26
Portfolio Size / Growth / Distribution
Units
80,000 60,000 40,000 20,000 -$4.4 $4.4 $3.5 $2.9 $2.6 $2.8 59,800 $2.4 $2.3 48,311 39,416 33,280 26,752 26,024 32,065 22,399 $Billions $8.0 $6.0 $4.0 $2.0 $-
Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Jun05
Units
Portfolio ($B)
GEOGRAPHIC DISTRIBUTION (As of 08/31/05)
All Other States: 35.33%
California 24.26%
Texas 7.79%
New York 6.51%
New Jersey 3.96%
Florida 22.15%
Page 27
Aames NLS Strengths
Experienced Management and Key Team Members
Proven Operating Strategies
Strong Customer Service Ethic
Solid Performance Results
Best-In-Class Loan Servicing Platform
Well-Positioned for Growth in REIT
Page 28
Collateral Performance
Page 29
Credit Performance
1995-1999 Securities represent “Old” Aames
Correspondent Lending and few credit controls
Expected cumulative losses in the 5% to 6.5% range
2000-2001 Securities represent “Transition” Aames
Introduced new credit policy, technology controls, and reporting
Expected cumulative losses in the 4.0% to 4.5% range
2002-2005 Represents “New” Aames
Introduced Hansen Appraisal Process, IRUS, and Super AIM credit policies
Introduced REIT business model
Expected cumulative losses in the 3% to 4% range
Page 30
Pool Comparison - Delinquency
6.00%
5.50%
5.00% 4.50% 4.00%
3.50% 3.00% 2.50%
2.00% 1.50% 1.00%
0.50%
0.00%
Mth 1 Mth 2 Mth 3 Mth 4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9
Pre-REIT Aames 2001 Aames 2002 Aames 2003
REIT Aames 2004-1 Aames 2005-1 Aames 2005-2
Data as of June 30, 2005
Includes all Bankruptcies and Foreclosures
Page 31
Peer 2004 Pool Comparison
60+ Days Delinquent *
2.00% 1.75% 1.50% 1.25% 1.00% 0.75% 0.50% 0.25% 0.00%
Mth 1 Mth 2 Mth 3 Mth 4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9
Aames 2004-1 Fremont 2004-1 Fremont 2004-2 Fremont 2004-4
New Century 2004-2 New Century 2004-3 New Century 2004-4 Saxon 2004-2
Saxon 2004-3 IndyMac SPMD 2004-A IndyMac SPMD 2004-B IndyMac SPMD 2004-C
Ameriquest 2004-R8 Ameriquest 2004-R9 Peer Average
* Includes all Bankruptcies and Foreclosures.
** Aames 2005-1 Included for Comparison Purposes as we currently only have one peer in CY05 with 3 months of data.
Page 32
Peer 2005 Pool Comparison
60+ Days Delinquent *
1.00% 0.75% 0.50% 0.25% 0.00%
Mth 0 Mth 1 Mth 2 Mth 3 Mth 4 Mth 5 Mth 6
Aames 2005-1 Aames 2005-2 Fremo nt 2005-1 Fremo nt 2005-A Fremo nt 2005-B
Ameriquest 2005-R1 Ameriquest 2005-R2 Ameriquest 2005-R3 Ameriquest 2005-R4 IndyMac INABS 2005-A
Fieldstone 2005-1 Accredited 2005-1 Accredited 2005-2 New Century 2005-1 New Century 2005-2
Saxon 2005-2 Saxon 2005-1 Peer Average
* Includes all Bankruptcies and Foreclosures.
Page 33
Performance Reporting
S e c u r i t y S c o r e C a r d
2 0 0 4 - 1
Retail Broker NLC Total
Category # $ % # $ % # $ % # $ %
Original 2455 $380,706,918 4311 $799,418,716 139 $20,642,831 6905 $1,200,768,465
LTV/WAC 76.35% 7.31% 80.23% 7.27% 76.87% 7.49% 78.94% 7.29%
FIXLTV/FIXWAC 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ARMLTV/ARMWAC 76.35% 7.31% 80.23% 7.27% 76.87% 7.49% 78.94% 7.29%
NON/2 - 4 4.16% 5.29% 4.86% 7.45% 4.83% 7.06% 4.64% 6.76%
Low/NIV 1.70% 32.69% 1.44% 45.97% 0.00% 31.37% 1.50% 41.51%
A/A- 2035 $328,626,052 86.32% 3836 $711,753,670 89.03% 124 $18,739,831 90.78% 5995 $1,059,119,553 88.20%
B 223 $31,171,009 8.19% 288 $56,326,771 7.05% 6 $562,150 2.72% 517 $88,059,930 7.33%
C 144 $15,749,772 4.14% 149 $25,273,975 3.16% 8 $1,224,600 5.93% 301 $42,248,347 3.52%
C- 53 $5,160,085 1.36% 38 $6,064,300 0.76% 1 $116,250 0.56% 92 $11,340,635 0.94%
D 0 $0 0.00% 0 $0 0.00% 0 $0 0.00% 0 $0 0.00%
Remaining 1883 $273,539,988 3534 $629,690,878 121 $17,428,811 5,538 $920,659,677
LTV/WAC 81.67% 7.26% 88.80% 7.22% 83.52% 7.50% 86.58% 7.24%
FIXLTV/FIXWAC 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ARMLTV/ARMWAC 81.67% 7.26% 88.80% 7.22% 83.52% 7.50% 86.58% 7.24%
A/A- 1581 $239,588,969 87.59% 3202 $571,613,457 90.78% 111 $16,315,376 93.61% 4894 $827,517,802 89.88%
B 164 $20,560,176 7.52% 205 $38,869,462 6.17% 6 $558,555 3.20% 375 $59,988,193 6.52%
C 105 $10,560,295 3.86% 101 $15,214,811 2.42% 4 $554,880 3.18% 210 $26,329,986 2.86%
C - 33 $2,830,548 1.03% 26 $3,993,149 0.63% 0 $0 0.00% 59 $6,823,697 0.74%
D 0 $0 0.00% 0 $0 0.00% 0 $0 0.00% 0 $0 0.00%
PaidOff 27.64% $105,244,811 20.69% $165,415,236 14.91% $3,077,637 22.80% $273,737,684
Status
CURRENT 1792 $262,780,945 96.07% 3370 $600,126,784 95.30% 115 $16,439,511 94.32% 5277 $879,347,239 95.51%
30 - 59 50 $6,402,183 2.34% 83 $15,418,661 2.45% 3 $389,916 2.24% 136 $22,210,760 2.41%
60 - 89 14 $1,417,827 0.52% 37 $6,828,774 1.08% 2 $401,774 2.31% 53 $8,648,374 0.94%
90 - 119 12 $1,580,003 0.58% 24 $3,999,100 0.64% 0 $0 0.00% 36 $5,579,104 0.61%
120 - 219 15 $1,359,031 0.50% 17 $2,719,531 0.43% 1 $197,611 1.13% 33 $4,276,173 0.46%
180 - 269 0 $0 0.00% 0 $0 0.00% 0 $0 0.00% 0 $0 0.00%
270 - 359 0 $0 0.00% 0 $0 0.00% 0 $0 0.00% 0 $0 0.00%
360+ 0 $0 0.00% 0 $0 0.00% 0 $0 0.00% 0 $0 0.00%
REO 0 $0 0.00% 3 $598,028 0.09% 0 $0 0.00% 3 $598,028 0.06%
90 + REO 27 $2,939,034 1.07% 44 $7,316,659 1.16% 1 $197,611 1.13% 72 $10,453,304 1.14%
LossToDate
% to Original 0.00% $0 0.01% $42,246 0.00% $0 0.00% $42,246
Severity 0.00% 44.09% 0.00% 44.09%
Loss To Date by Grade % Orig $ Severity % Orig $ Severity % Orig $ Severity % Orig $ Severity
A/A- 0.00% $0 0.00% 0.01% $42,246 44.09% 0.00% $0 0.00% 0.00% $42,246 44.09%
B 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00%
C 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00%
C- 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00%
D 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00%
Loss by Characteristic % Orig $ Severity % Orig $ Severity % Orig $ Severity % Orig $ Severity
Low Doc 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00%
2-4 Unit 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00%
NIV 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00%
Non-Owner 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00% 0.00% $0 0.00%
90+ & REO
A/A-, B, C 0.89% 1.77% 2.41% 1.08% 2.15% 2.20% 1.21% 0.00% 0.00% 1.02% 2.00% 2.24%
C-, D, NON 6.83% 0.00% 1.98% 0.00% 0.00% 2.42% 0.00% 0.00% 0.00% 2.83% 0.00% 2.24%
2-4, LOW, NIV 0.35% 0.00% 1.55% 2.27% 0.00% 1.73% 0.00% 0.00% 0.00% 1.79% 0.00% 1.66%
As of : July 2005
Page 34
Hurricane Katrina Exposure by Trust*
data as of 6/30/05
AMIT 2004-1 AMIT 2005-1 AMIT 2005-2 Total
June 30, 2005 Balances $966,550,243 $1,086,066,501 $1,142,488,691 $3,195,105,435
AMIT 2004-1% of AMIT 2005- % of AMIT 2005- % of % of
State UPB 1 UPB 2 UPB Total UPB
Louisiana $3,819,138 0.4% $2,756,176 0.3% $5,335,200 0.5% $11,910,514 0.4%
Mississippi $540,436 0.1% $1,075,899 0.1% $315,815 0.0% $1,932,149 0.1%
Total $4,359,573 0.5% $3,832,075 0.4% $5,651,015 0.5% $13,842,663 0.4%
* Florida loans not included. Mississippi loans consist of the following FEMA designated counties: Forrest, Hancock, Harrison, Hinds, Lee, Madison, and Rankin.
Page 35
Potential Katrina Impacted Properties