Aames 2000-1
Mortgage Pass-Through Certificates
Prepayment Report forMarch 26, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | ADJUSTABLE 2 | ADJUSTABLE 1 | FIXED | TOTAL | ||||
Current | ||||||||
Number of Paid in Full Loans | 13 | 18 | 31 | 62 | ||||
Number of Repurchased Loans | - | - | - | - | ||||
Total Number of Loans Prepaid in Full | 13 | 18 | 31 | 62 | ||||
Paid in Full Balance | 1,312,148.17 | 1,794,600.24 | 2,250,826.20 | 5,357,574.61 | ||||
Repurchased Loans Balance | - | - | - | - | ||||
Curtailments Amount | 3,982.84 | 6,108.79 | 21,381.69 | 31,473.32 | ||||
Total Prepayment Amount | 1,316,131.01 | 1,800,709.03 | 2,272,207.89 | 5,389,047.93 | ||||
Cumulative | ||||||||
Number of Paid in Full Loans | 64 | 68 | 131 | 263 | ||||
Number of Repurchased Loans | - | - | - | - | ||||
Total Number of Loans Prepaid in Full | 64 | 68 | 131 | 263 | ||||
Paid in Full Balance | 6,656,788.07 | 7,300,083.35 | 8,787,110.75 | 22,743,982.17 | ||||
Repurchased Loans Balance | - | - | - | - | ||||
Curtailments Amount | 154,054.37 | 33,094.00 | 128,823.83 | 315,972.20 | ||||
Total Prepayment Amount | 6,810,842.44 | 7,333,177.35 | 8,915,934.58 | 23,059,954.37 | ||||
SPACE INTENTIONALLY LEFT BLANK | ||||||||
Total Prepayments by Groups (in thousands of dollars)
Total Prepayments (in thousands of dollars)
Page 18 of 27 | © COPYRIGHT 2001 Deutsche Bank |
Aames 2000-1
Mortgage Pass-Through Certificates
Prepayment Report forMarch 26, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | ADJUSTABLE 2 | ADJUSTABLE 1 | FIXED | TOTAL | ||||
SMM | 1.10% | 1.50% | 1.13% | 1.22% | ||||
3 Months Avg SMM | 1.13% | 1.36% | 0.93% | 1.10% | ||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 0.93% | 1.00% | 0.73% | 0.86% | ||||
CPR | 12.42% | 16.63% | 12.73% | 13.72% | ||||
3 Months Avg CPR | 12.76% | 15.17% | 10.62% | 12.46% | ||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 10.57% | 11.36% | 8.38% | 9.80% | ||||
PSA | 777.92% | 1045.70% | 812.40% | 867.75% | ||||
3 Months Avg PSA Approximation | 913.62% | 1088.12% | 773.68% | 899.60% | ||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 963.56% | 1036.46% | 777.47% | 900.46% | ||||
CPR by Groups
Total CPR
PSA by Groups
Total PSA
Page 19 of 27 | © COPYRIGHT 2001 Deutsche Bank |
Aames 2000-1
Mortgage Pass-Through Certificates
Prepayment Report forMarch 26, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
CPR Avg since Cut-Off by Groups
Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups
Total PSA since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY | ||||||||
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal) | ||||||||
Conditional Prepayment Rate (CPR): 1-((1-SMM)/\12) | ||||||||
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS)) | ||||||||
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *......*(1-SMMm)]/\(1/months in period n,m) | ||||||||
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)/\12) | ||||||||
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m)) | ||||||||
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+......+min(30,WASm)/(number of months in the period n,m) | ||||||||
Weighted Average Seasoning (WAS) | ||||||||
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases. | ||||||||
Dates correspond to distribution dates. | ||||||||
Page 20 of 27 | © COPYRIGHT 2001 Deutsche Bank |