Aames 2000-1
Mortgage Pass-Through Certificates
Prepayment Report forMay 25, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | ADJUSTABLE 2 | ADJUSTABLE 1 | FIXED | TOTAL | ||||
Current | ||||||||
Number of Paid in Full Loans | 18 | 24 | 41 | 83 | ||||
Number of Repurchased Loans | - | - | - | - | ||||
Total Number of Loans Prepaid in Full | 18 | 24 | 41 | 83 | ||||
Paid in Full Balance | 1,799,330.02 | 2,052,896.22 | 2,547,768.77 | 6,399,995.01 | ||||
Repurchased Loans Balance | - | - | - | - | ||||
Curtailments Amount | 5,701.99 | (6,394.98) | 14,952.85 | 14,259.86 | ||||
Total Prepayment Amount | 1,805,032.01 | 2,046,501.24 | 2,562,721.62 | 6,414,254.87 | ||||
Cumulative | ||||||||
Number of Paid in Full Loans | 104 | 113 | 228 | 445 | ||||
Number of Repurchased Loans | - | - | - | - | ||||
Total Number of Loans Prepaid in Full | 104 | 113 | 228 | 445 | ||||
Paid in Full Balance | 11,350,101.81 | 10,988,420.03 | 15,017,931.99 | 37,356,453.83 | ||||
Repurchased Loans Balance | - | - | - | - | ||||
Curtailments Amount | 164,936.63 | 35,219.74 | 171,107.52 | 371,263.89 | ||||
Total Prepayment Amount | 11,515,038.44 | 11,023,639.77 | 15,189,039.51 | 37,727,717.72 | ||||
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 forMay 25, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | ADJUSTABLE 2 | ADJUSTABLE 1 | FIXED | TOTAL | ||||
SMM | 1.56% | 1.76% | 1.31% | 1.50% | ||||
3 Months Avg SMM | 1.71% | 1.55% | 1.44% | 1.54% | ||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 1.20% | 1.14% | 0.94% | 1.07% | ||||
CPR | 17.23% | 19.20% | 14.67% | 16.62% | ||||
3 Months Avg CPR | 18.65% | 17.13% | 15.94% | 17.00% | ||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 13.46% | 12.90% | 10.75% | 12.08% | ||||
PSA | 863.26% | 963.74% | 746.42% | 838.80% | ||||
3 Months Avg PSA Approximation | 1038.46% | 956.08% | 902.25% | 954.61% | ||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 1038.39% | 996.41% | 843.16% | 939.33% | ||||
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 forMay 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 |