Aames 2001-1
Mortgage Pass-Through Certificates
Prepayment Report for June25, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | GROUP 2 | GROUP 1 | TOTAL | |||||
Current | ||||||||
Number of Paid in Full Loans | 3 | 11 | 14 | |||||
Number of Repurchased Loans | - | - | - | |||||
Total Number of Loans Prepaid in Full | 3 | 11 | 14 | |||||
Paid in Full Balance | 478,201.95 | 839,393.10 | 1,317,595.05 | |||||
Repurchased Loans Balance | - | - | - | |||||
Curtailments Amount | 3,341.10 | 26,539.24 | 29,880.34 | |||||
Total Prepayment Amount | 481,543.05 | 865,932.34 | 1,347,475.39 | |||||
Cumulative | ||||||||
Number of Paid in Full Loans | 3 | 31 | 34 | |||||
Number of Repurchased Loans | - | - | - | |||||
Total Number of Loans Prepaid in Full | 3 | 31 | 34 | |||||
Paid in Full Balance | 478,201.95 | 1,911,834.18 | 2,390,036.13 | |||||
Repurchased Loans Balance | - | - | - | |||||
Curtailments Amount | 3,341.10 | 26,539.24 | 29,880.34 | |||||
Total Prepayment Amount | 481,543.05 | 1,938,373.42 | 2,419,916.47 | |||||
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 June25, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | GROUP 2 | GROUP 1 | TOTAL | |||||
SMM | 1.54% | 0.74% | 0.91% | |||||
3 Months Avg SMM | 0.52% | 0.55% | 0.54% | |||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 0.52% | 0.55% | 0.54% | |||||
CPR | 17.04% | 8.50% | 10.36% | |||||
3 Months Avg CPR | 6.04% | 6.38% | 6.31% | |||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 6.04% | 6.38% | 6.31% | |||||
PSA | 2111.99% | 1069.65% | 1299.03% | |||||
3 Months Avg PSA Approximation | 993.46% | 1071.88% | 1055.38% | |||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 993.46% | 1071.88% | 1055.38% | |||||
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 June25, 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 |