Aames 2001-1
Mortgage Pass-Through Certificates
Prepayment Report for May 25, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | GROUP 2 | GROUP 1 | TOTAL | |||||
Current | ||||||||
Number of Paid in Full Loans | - | 17 | 17 | |||||
Number of Repurchased Loans | - | - | - | |||||
Total Number of Loans Prepaid in Full | - | 17 | 17 | |||||
Paid in Full Balance | - | 946,871.13 | 946,871.13 | |||||
Repurchased Loans Balance | - | - | - | |||||
Curtailments Amount | - | - | - | |||||
Total Prepayment Amount | - | 946,871.13 | 946,871.13 | |||||
Cumulative | ||||||||
Number of Paid in Full Loans | - | 20 | 20 | |||||
Number of Repurchased Loans | - | - | - | |||||
Total Number of Loans Prepaid in Full | - | 20 | 20 | |||||
Paid in Full Balance | - | 1,072,441.08 | 1,072,441.08 | |||||
Repurchased Loans Balance | - | - | - | |||||
Curtailments Amount | - | - | - | |||||
Total Prepayment Amount | - | 1,072,441.08 | 1,072,441.08 | |||||
SPACE INTENTIONALLY LEFT BLANK | ||||||||
Total Prepayments by Groups (in thousands of dollars)
Total Prepayments (in thousands of dollars)
Page 19 of 27 | © COPYRIGHT 2001 Deutsche Bank |
Aames 2001-1
Mortgage Pass-Through Certificates
Prepayment Report for May 25, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | GROUP 2 | GROUP 1 | TOTAL | |||||
SMM | 0.00% | 0.80% | 0.63% | |||||
3 Months Avg SMM | ||||||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 0.00% | 0.45% | 0.36% | |||||
CPR | 0.00% | 9.18% | 7.33% | |||||
3 Months Avg CPR | ||||||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 0.00% | 5.30% | 4.22% | |||||
PSA | 0.00% | 1541.96% | 1226.19% | |||||
3 Months Avg PSA Approximation | ||||||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 0.00% | 1069.96% | 846.70% | |||||
CPR by Groups
Total CPR
PSA by Groups
Total PSA
Page 20 of 27 | © COPYRIGHT 2001 Deutsche Bank |
Aames 2001-1
Mortgage Pass-Through Certificates
Prepayment Report for May 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 21 of 27 | © COPYRIGHT 2001 Deutsche Bank |