Aames 2000-1
Mortgage Pass-Through Certificates
Prepayment Report forJune 25, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | ADJUSTABLE 2 | ADJUSTABLE 1 | FIXED | TOTAL | ||||
Current | ||||||||
Number of Paid in Full Loans | 27 | 37 | 64 | 128 | ||||
Number of Repurchased Loans | - | - | - | - | ||||
Total Number of Loans Prepaid in Full | 27 | 37 | 64 | 128 | ||||
Paid in Full Balance | 3,703,936.17 | 3,790,308.61 | 4,526,759.51 | 12,021,004.29 | ||||
Repurchased Loans Balance | - | - | - | - | ||||
Curtailments Amount | 6,257.43 | 16,816.95 | 22,764.89 | 45,839.27 | ||||
Total Prepayment Amount | 3,710,193.60 | 3,807,125.56 | 4,549,524.40 | 12,066,843.56 | ||||
Cumulative | ||||||||
Number of Paid in Full Loans | 131 | 150 | 292 | 573 | ||||
Number of Repurchased Loans | - | - | - | - | ||||
Total Number of Loans Prepaid in Full | 131 | 150 | 292 | 573 | ||||
Paid in Full Balance | 15,054,037.98 | 14,778,728.64 | 19,544,691.50 | 49,377,458.12 | ||||
Repurchased Loans Balance | - | - | - | - | ||||
Curtailments Amount | 171,194.06 | 52,036.69 | 193,872.41 | 417,103.16 | ||||
Total Prepayment Amount | 15,225,232.04 | 14,830,765.33 | 19,738,563.91 | 49,794,561.28 | ||||
SPACE INTENTIONALLY LEFT BLANK | ||||||||
Total Prepayments by Groups (in thousands of dollars)
Total Prepayments (in thousands of dollars)
Page 18 of 28 | © COPYRIGHT 2001 Deutsche Bank |
Aames 2000-1
Mortgage Pass-Through Certificates
Prepayment Report forJune 25, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | ADJUSTABLE 2 | ADJUSTABLE 1 | FIXED | TOTAL | ||||
SMM | 3.27% | 3.34% | 2.36% | 2.87% | ||||
3 Months Avg SMM | 2.43% | 2.17% | 1.85% | 2.09% | ||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 1.43% | 1.39% | 1.10% | 1.27% | ||||
CPR | 32.86% | 33.45% | 24.96% | 29.51% | ||||
3 Months Avg CPR | 25.55% | 23.12% | 20.06% | 22.41% | ||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 15.87% | 15.47% | 12.45% | 14.21% | ||||
PSA | 1498.05% | 1525.67% | 1153.60% | 1353.99% | ||||
3 Months Avg PSA Approximation | 1280.62% | 1160.76% | 1020.91% | 1131.54% | ||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 1136.60% | 1109.10% | 906.58% | 1025.94% | ||||
CPR by Groups
Total CPR
PSA by Groups
Total PSA
Page 19 of 28 | © COPYRIGHT 2001 Deutsche Bank |
Aames 2000-1
Mortgage Pass-Through Certificates
Prepayment Report forJune 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 28 | © COPYRIGHT 2001 Deutsche Bank |