Aames 2000-2
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 | 5 | 30 | 19 | 54 | ||||
Number of Repurchased Loans | - | - | - | - | ||||
Total Number of Loans Prepaid in Full | 5 | 30 | 19 | 54 | ||||
Paid in Full Balance | 1,277,423.56 | 3,076,002.94 | 1,463,480.43 | 5,816,906.93 | ||||
Repurchased Loans Balance | - | - | - | - | ||||
Curtailments Amount | 395.42 | 12,429.23 | 12,648.33 | 25,472.98 | ||||
Total Prepayment Amount | 1,277,818.98 | 3,088,432.17 | 1,476,128.76 | 5,842,379.91 | ||||
Cumulative | ||||||||
Number of Paid in Full Loans | 17 | 87 | 81 | 185 | ||||
Number of Repurchased Loans | - | - | - | - | ||||
Total Number of Loans Prepaid in Full | 17 | 87 | 81 | 185 | ||||
Paid in Full Balance | 4,435,463.50 | 8,838,015.61 | 6,344,145.39 | 19,617,624.50 | ||||
Repurchased Loans Balance | - | - | - | - | ||||
Curtailments Amount | 7,449.84 | 47,877.56 | 51,748.99 | 107,076.39 | ||||
Total Prepayment Amount | 4,442,913.34 | 8,885,893.17 | 6,395,894.38 | 19,724,700.89 | ||||
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 forMay 25, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | ADJUSTABLE 2 | ADJUSTABLE 1 | FIXED | TOTAL | ||||
SMM | 2.23% | 1.20% | 1.04% | 1.28% | ||||
3 Months Avg SMM | 1.97% | 0.84% | 0.89% | 1.00% | ||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 1.52% | 0.68% | 0.89% | 0.85% | ||||
CPR | 23.75% | 13.49% | 11.79% | 14.32% | ||||
3 Months Avg CPR | 21.28% | 9.68% | 10.13% | 11.36% | ||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 16.76% | 7.91% | 10.13% | 9.76% | ||||
PSA | 1829.26% | 1058.91% | 959.62% | 1134.24% | ||||
3 Months Avg PSA Approximation | 1942.20% | 900.66% | 984.55% | 1069.31% | ||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 1874.22% | 903.99% | 1221.10% | 1131.27% | ||||
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 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 |