|
Aames 2001-3 |
Mortgage Pass-Through Certificates |
Series 2001-3 |
Prepayment Report for May 28, 2002 Distribution |
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | GROUP 2 | GROUP 1 | TOTAL | |||||
Current | ||||||||
Number of Paid in Full Loans | - | 37 | 37 | |||||
Number of Repurchased Loans | - | - | - | |||||
Total Number of Loans Prepaid in Full | - | 37 | 37 | |||||
Paid in Full Balance | - | 3,485,821.11 | 3,485,821.11 | |||||
Repurchased Loans Balance | - | - | - | |||||
Curtailments Amount | 222.83 | 84,376.48 | 84,599.31 | |||||
Total Prepayment Amount | 222.83 | 3,570,197.59 | 3,570,420.42 | |||||
Cumulative | ||||||||
Number of Paid in Full Loans | 7 | 124 | 131 | |||||
Number of Repurchased Loans | - | 1 | 1 | |||||
Total Number of Loans Prepaid in Full | 7 | 125 | 132 | |||||
Paid in Full Balance | 2,371,110.98 | 11,118,177.07 | 13,489,288.05 | |||||
Repurchased Loans Balance | - | 44,649.38 | 44,649.38 | |||||
Curtailments Amount | (835.81) | 171,681.59 | 170,845.78 | |||||
Total Prepayment Amount | 2,370,275.17 | 11,334,508.04 | 13,704,783.21 | |||||
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 May 28, 2002 Distribution |
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | GROUP 2 | GROUP 1 | TOTAL | |||||
SMM | 0.00% | 2.42% | 2.18% | |||||
3 Months Avg SMM | 1.96% | 1.56% | 1.60% | |||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 1.66% | 0.94% | 1.02% | |||||
CPR | 0.02% | 25.49% | 23.23% | |||||
3 Months Avg CPR | 21.11% | 17.15% | 17.57% | |||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 18.24% | 10.74% | 11.56% | |||||
PSA | 0.85% | 1370.68% | 1246.33% | |||||
3 Months Avg PSA Approximation | 1241.53% | 1033.42% | 1055.97% | |||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 1520.70% | 925.18% | 992.50% | |||||
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 May 28, 2002 Distribution |
Prepayment Report - Voluntary Prepayments |
CPR Avg since Cut-Off by Groups | Total CPR Avg since Cut-Off |
PSA Avg Cut-Off by Groups | Total PSA Avg 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 |