Aames 2000-2
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 | 7 | 23 | 21 | 51 | ||||
Number of Repurchased Loans | - | - | - | - | ||||
Total Number of Loans Prepaid in Full | 7 | 23 | 21 | 51 | ||||
Paid in Full Balance | 2,035,900.78 | 2,197,597.42 | 1,333,229.79 | 5,566,727.99 | ||||
Repurchased Loans Balance | - | - | - | - | ||||
Curtailments Amount | 1,904.66 | 14,196.64 | 16,778.96 | 32,880.26 | ||||
Total Prepayment Amount | 2,037,805.44 | 2,211,794.06 | 1,350,008.75 | 5,599,608.25 | ||||
Cumulative | ||||||||
Number of Paid in Full Loans | 12 | 57 | 62 | 131 | ||||
Number of Repurchased Loans | - | - | - | - | ||||
Total Number of Loans Prepaid in Full | 12 | 57 | 62 | 131 | ||||
Paid in Full Balance | 3,158,039.94 | 5,762,012.67 | 4,880,664.96 | 13,800,717.57 | ||||
Repurchased Loans Balance | - | - | - | - | ||||
Curtailments Amount | 7,054.42 | 35,448.33 | 39,100.66 | 81,603.41 | ||||
Total Prepayment Amount | 3,165,094.36 | 5,797,461.00 | 4,919,765.62 | 13,882,320.98 | ||||
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 2000-2
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 | 3.44% | 0.85% | 0.94% | 1.21% | ||||
3 Months Avg SMM | 1.51% | 0.62% | 0.94% | 0.83% | ||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 1.34% | 0.55% | 0.85% | 0.75% | ||||
CPR | 34.30% | 9.76% | 10.73% | 13.61% | ||||
3 Months Avg CPR | 16.67% | 7.18% | 10.68% | 9.53% | ||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 14.91% | 6.46% | 9.70% | 8.59% | ||||
PSA | 3131.78% | 908.56% | 1043.54% | 1280.67% | ||||
3 Months Avg PSA Approximation | 1865.52% | 821.09% | 1288.93% | 1104.49% | ||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 1880.25% | 833.21% | 1330.57% | 1125.14% | ||||
CPR by Groups
Total CPR
PSA by Groups
Total PSA
Page 19 of 27 | © COPYRIGHT 2001 Deutsche Bank |
Aames 2000-2
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 27 | © COPYRIGHT 2001 Deutsche Bank |