Aames Capital 8-K Current report

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