Aames 2000-1
Mortgage Pass-Through Certificates
Prepayment Report for April 25, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | ADJUSTABLE 2 | ADJUSTABLE 1 | FIXED | TOTAL | ||||
Current | ||||||||
Number of Paid in Full Loans | 22 | 21 | 56 | 99 | ||||
Number of Repurchased Loans | - | - | - | - | ||||
Total Number of Loans Prepaid in Full | 22 | 21 | 56 | 99 | ||||
Paid in Full Balance | 2,893,983.72 | 1,635,440.46 | 3,683,052.47 | 8,212,476.65 | ||||
Repurchased Loans Balance | - | - | - | - | ||||
Curtailments Amount | 5,180.27 | 8,520.72 | 27,330.84 | 41,031.83 | ||||
Total Prepayment Amount | 2,899,163.99 | 1,643,961.18 | 3,710,383.31 | 8,253,508.48 | ||||
Cumulative | ||||||||
Number of Paid in Full Loans | 86 | 89 | 187 | 362 | ||||
Number of Repurchased Loans | - | - | - | - | ||||
Total Number of Loans Prepaid in Full | 86 | 89 | 187 | 362 | ||||
Paid in Full Balance | 9,550,771.79 | 8,935,523.81 | 12,470,163.22 | 30,956,458.82 | ||||
Repurchased Loans Balance | - | - | - | - | ||||
Curtailments Amount | 159,234.64 | 41,614.72 | 156,154.67 | 357,004.03 | ||||
Total Prepayment Amount | 9,710,006.43 | 8,977,138.53 | 12,626,317.89 | 31,313,462.85 | ||||
SPACE INTENTIONALLY LEFT BLANK | ||||||||
Total Prepayments by Groups (in thousands of dollars)
Total Prepayments (in thousands of dollars)
Page 18 of 28 | © COPYRIGHT 2001 Deutsche Bank |
Aames 2000-1
Mortgage Pass-Through Certificates
Prepayment Report for April 25, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | ADJUSTABLE 2 | ADJUSTABLE 1 | FIXED | TOTAL | ||||
SMM | 2.45% | 1.39% | 1.87% | 1.90% | ||||
3 Months Avg SMM | 1.64% | 1.52% | 1.24% | 1.43% | ||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 1.15% | 1.06% | 0.89% | 1.00% | ||||
CPR | 25.73% | 15.51% | 20.22% | 20.53% | ||||
3 Months Avg CPR | 18.01% | 16.83% | 13.89% | 15.83% | ||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 12.91% | 11.96% | 10.17% | 11.41% | ||||
PSA | 1433.33% | 865.62% | 1145.14% | 1152.64% | ||||
3 Months Avg PSA Approximation | 1128.11% | 1056.88% | 885.56% | 1000.19% | ||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 1078.95% | 1000.90% | 865.03% | 961.63% | ||||
CPR by Groups
Total CPR
PSA by Groups
Total PSA
Page 19 of 28 | © COPYRIGHT 2001 Deutsche Bank |
Aames 2000-1
Mortgage Pass-Through Certificates
Prepayment Report for April 25, 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 28 | © COPYRIGHT 2001 Deutsche Bank |