Aames 2001-3
Mortgage Pass-Through Certificates
Series 2001-3
Prepayment Report for December 26, 2001 Distribution
Prepayment Report - Voluntary Prepayments | ||||||||
VOLUNTARY PREPAYMENTS | GROUP 2 | GROUP 1 | TOTAL | |||||
Current | ||||||||
Number of Paid in Full Loans | 1 | 11 | 12 | |||||
Number of Repurchased Loans | - | 1 | 1 | |||||
Total Number of Loans Prepaid in Full | 1 | 12 | 13 | |||||
Paid in Full Balance | 299,446.31 | 1,169,122.68 | 1,468,568.99 | |||||
Repurchased Loans Balance | - | 44,649.38 | 44,649.38 | |||||
Curtailments Amount | 156.25 | 24,374.11 | 24,530.36 | |||||
Total Prepayment Amount | 299,602.56 | 1,238,146.17 | 1,537,748.73 | |||||
Cumulative | ||||||||
Number of Paid in Full Loans | 1 | 21 | 22 | |||||
Number of Repurchased Loans | - | 1 | 1 | |||||
Total Number of Loans Prepaid in Full | 1 | 22 | 23 | |||||
Paid in Full Balance | 299,446.31 | 2,282,119.36 | 2,581,565.67 | |||||
Repurchased Loans Balance | - | 44,649.38 | 44,649.38 | |||||
Curtailments Amount | 156.25 | 24,374.11 | 24,530.36 | |||||
Total Prepayment Amount | 299,602.56 | 2,351,142.85 | 2,650,745.41 | |||||
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 2001-3
Mortgage Pass-Through Certificates
Series 2001-3
Prepayment Report for December 26, 2001 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | GROUP 2 | GROUP 1 | TOTAL | |||||
SMM | 1.59% | 0.80% | 0.89% | |||||
3 Months Avg SMM | 0.53% | 0.51% | 0.51% | |||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 0.53% | 0.51% | 0.51% | |||||
CPR | 17.45% | 9.20% | 10.13% | |||||
3 Months Avg CPR | 6.19% | 5.90% | 5.93% | |||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 6.19% | 5.90% | 5.93% | |||||
PSA | 1945.50% | 1068.44% | 1171.64% | |||||
3 Months Avg PSA Approximation | 889.72% | 892.36% | 892.06% | |||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 889.72% | 892.36% | 892.06% | |||||
CPR by Groups
Total CPR
PSA by Groups
Total PSA
Page 20 of 27 | © COPYRIGHT 2001 Deutsche Bank |
Aames 2001-3
Mortgage Pass-Through Certificates
Series 2001-3
Prepayment Report for December 26, 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 |