Aames 2001-3
Mortgage Pass-Through Certificates
Series 2001-3
Prepayment Report for January 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | GROUP 2 | GROUP 1 | TOTAL | |||||
Current | ||||||||
Number of Paid in Full Loans | 2 | 8 | 10 | |||||
Number of Repurchased Loans | - | - | - | |||||
Total Number of Loans Prepaid in Full | 2 | 8 | 10 | |||||
Paid in Full Balance | 1,064,486.26 | 669,567.61 | 1,734,053.87 | |||||
Repurchased Loans Balance | - | - | - | |||||
Curtailments Amount | 148.49 | 13,526.06 | 13,674.55 | |||||
Total Prepayment Amount | 1,064,634.75 | 683,093.67 | 1,747,728.42 | |||||
Cumulative | ||||||||
Number of Paid in Full Loans | 3 | 29 | 32 | |||||
Number of Repurchased Loans | - | 1 | 1 | |||||
Total Number of Loans Prepaid in Full | 3 | 30 | 33 | |||||
Paid in Full Balance | 1,363,932.57 | 2,951,686.97 | 4,315,619.54 | |||||
Repurchased Loans Balance | - | 44,649.38 | 44,649.38 | |||||
Curtailments Amount | 304.74 | 37,900.17 | 38,204.91 | |||||
Total Prepayment Amount | 1,364,237.31 | 3,034,236.52 | 4,398,473.83 | |||||
SPACE INTENTIONALLY LEFT BLANK | ||||||||
Total Prepayments by Groups (in thousands of dollars)
Total Prepayments (in thousands of dollars)
Page 19 of 27 | © COPYRIGHT 2002 Deutsche Bank |
Aames 2001-3
Mortgage Pass-Through Certificates
Series 2001-3
Prepayment Report for January 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | GROUP 2 | GROUP 1 | TOTAL | |||||
SMM | 5.73% | 0.45% | 1.02% | |||||
3 Months Avg SMM | 2.47% | 0.62% | 0.81% | |||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 1.86% | 0.49% | 0.64% | |||||
CPR | 50.73% | 5.22% | 11.54% | |||||
3 Months Avg CPR | 25.91% | 7.16% | 9.34% | |||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 20.14% | 5.73% | 7.37% | |||||
PSA | 4599.30% | 492.03% | 1083.85% | |||||
3 Months Avg PSA Approximation | 2883.51% | 831.42% | 1080.40% | |||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 2524.59% | 752.95% | 963.06% | |||||
CPR by Groups
Total CPR
PSA by Groups
Total PSA
Page 20 of 27 | © COPYRIGHT 2002 Deutsche Bank |
Aames 2001-3
Mortgage Pass-Through Certificates
Series 2001-3
Prepayment Report for January 25, 2002 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 2002 Deutsche Bank |