Aames 2001-3
Mortgage Pass-Through Certificates
Series 2001-3
Prepayment Report for March 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | | | GROUP 2 | GROUP 1 | TOTAL |
| | | | | | | | |
| Current | | | | | | | |
| Number of Paid in Full Loans | | | | 3 | 19 | 22 |
| Number of Repurchased Loans | | | | - | - | - |
| Total Number of Loans Prepaid in Full | | | 3 | 19 | 22 |
| | | | | | | | |
| Paid in Full Balance | | | | 673,039.74 | 1,515,048.38 | 2,188,088.12 |
| Repurchased Loans Balance | | | | - | - | - |
| Curtailments Amount | | | | (177.55) | 13,421.22 | 13,243.67 |
| Total Prepayment Amount | | | | 672,862.19 | 1,528,469.60 | 2,201,331.79 |
| | | | | | | | |
| Cumulative | | | | | | | |
| Number of Paid in Full Loans | | | | 6 | 63 | 69 |
| Number of Repurchased Loans | | | | - | 1 | 1 |
| Total Number of Loans Prepaid in Full | | | 6 | 64 | 70 |
| | | | | | | | |
| Paid in Full Balance | | | | 2,036,972.31 | 5,822,083.50 | 7,859,055.81 |
| Repurchased Loans Balance | | | | - | 44,649.38 | 44,649.38 |
| Curtailments Amount | | | | (1,149.07) | 63,663.21 | 62,514.14 |
| Total Prepayment Amount | | | | 2,035,823.24 | 5,930,396.09 | 7,966,219.33 |
| | | | | | | | |
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 March 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | | | | GROUP 2 | GROUP 1 | TOTAL |
| | | | | | | | |
| SMM | | | | | 3.84% | 1.01% | 1.31% |
| 3 Months Avg SMM | | | | 3.22% | 0.79% | 1.04% |
| 12 Months Avg SMM | | | | | | |
| Avg SMM Since Cut-off | | | | 1.89% | 0.65% | 0.78% |
| | | | | | | | |
| CPR | | | | | 37.53% | 11.49% | 14.60% |
| 3 Months Avg CPR | | | | 32.48% | 9.03% | 11.82% |
| 12 Months Avg CPR | | | | | | |
| Avg CPR Since Cut-off | | | | 20.42% | 7.48% | 8.92% |
| | | | | | | | |
| PSA | | | | | 2498.60% | 787.16% | 996.96% |
| 3 Months Avg PSA Approximation | | | | 2493.51% | 716.12% | 934.39% |
| 12 Months Avg PSA Approximation | | | | | |
| Avg PSA Since Cut-off Approximation | | | 2042.85% | 778.14% | 924.73% |
| | | | | | | | |
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 March 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 |
