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 |
