Aames 2001-3
Mortgage Pass-Through Certificates
Series 2001-3
Prepayment Report for February 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | GROUP 2 | GROUP 1 | TOTAL | |||||
Current | ||||||||
Number of Paid in Full Loans | - | 15 | 15 | |||||
Number of Repurchased Loans | - | - | - | |||||
Total Number of Loans Prepaid in Full | - | 15 | 15 | |||||
Paid in Full Balance | - | 1,355,348.15 | 1,355,348.15 | |||||
Repurchased Loans Balance | - | - | - | |||||
Curtailments Amount | (1,276.26) | 12,341.82 | 11,065.56 | |||||
Total Prepayment Amount | (1,276.26) | 1,367,689.97 | 1,366,413.71 | |||||
Cumulative | ||||||||
Number of Paid in Full Loans | 3 | 44 | 47 | |||||
Number of Repurchased Loans | - | 1 | 1 | |||||
Total Number of Loans Prepaid in Full | 3 | 45 | 48 | |||||
Paid in Full Balance | 1,363,932.57 | 4,307,035.12 | 5,670,967.69 | |||||
Repurchased Loans Balance | - | 44,649.38 | 44,649.38 | |||||
Curtailments Amount | (971.52) | 50,241.99 | 49,270.47 | |||||
Total Prepayment Amount | 1,362,961.05 | 4,401,926.49 | 5,764,887.54 | |||||
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 February 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | GROUP 2 | GROUP 1 | TOTAL | |||||
SMM | 0.00% | 0.90% | 0.80% | |||||
3 Months Avg SMM | 2.47% | 0.71% | 0.90% | |||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 1.49% | 0.57% | 0.67% | |||||
CPR | 0.00% | 10.25% | 9.23% | |||||
3 Months Avg CPR | 25.91% | 8.25% | 10.31% | |||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 16.47% | 6.65% | 7.74% | |||||
PSA | 0.00% | 812.88% | 729.63% | |||||
3 Months Avg PSA Approximation | 2353.25% | 777.45% | 967.82% | |||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 1832.04% | 772.57% | 895.13% | |||||
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 February 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 |