Aames 2001-3
Mortgage Pass-Through Certificates
Series 2001-3
Prepayment Report forApril 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | GROUP 2 | GROUP 1 | TOTAL | |||||
Current | ||||||||
Number of Paid in Full Loans | 1 | 24 | 25 | |||||
Number of Repurchased Loans | - | - | - | |||||
Total Number of Loans Prepaid in Full | 1 | 24 | 25 | |||||
Paid in Full Balance | 334,138.67 | 1,810,272.46 | 2,144,411.13 | |||||
Repurchased Loans Balance | - | - | - | |||||
Curtailments Amount | 90.43 | 23,641.90 | 23,732.33 | |||||
Total Prepayment Amount | 334,229.10 | 1,833,914.36 | 2,168,143.46 | |||||
Cumulative | ||||||||
Number of Paid in Full Loans | 7 | 87 | 94 | |||||
Number of Repurchased Loans | - | 1 | 1 | |||||
Total Number of Loans Prepaid in Full | 7 | 88 | 95 | |||||
Paid in Full Balance | 2,371,110.98 | 7,632,355.96 | 10,003,466.94 | |||||
Repurchased Loans Balance | - | 44,649.38 | 44,649.38 | |||||
Curtailments Amount | (1,058.64) | 87,305.11 | 86,246.47 | |||||
Total Prepayment Amount | 2,370,052.34 | 7,764,310.45 | 10,134,362.79 | |||||
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 forApril 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | GROUP 2 | GROUP 1 | TOTAL | |||||
SMM | 1.99% | 1.23% | 1.30% | |||||
3 Months Avg SMM | 1.96% | 1.05% | 1.14% | |||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 1.90% | 0.73% | 0.85% | |||||
CPR | 21.41% | 13.78% | 14.58% | |||||
3 Months Avg CPR | 21.11% | 11.85% | 12.84% | |||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 20.56% | 8.40% | 9.75% | |||||
PSA | 1259.21% | 830.00% | 876.18% | |||||
3 Months Avg PSA Approximation | 1405.76% | 811.63% | 876.70% | |||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 1869.83% | 792.32% | 915.99% | |||||
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 forApril 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 |