|
Aames 2001-3 |
Mortgage Pass-Through Certificates |
Series 2001-3 |
| Prepayment Report for June 28, 2002 Distribution |
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | GROUP 2 | GROUP 1 | TOTAL | |||||
Current | ||||||||
Number of Paid in Full Loans | - | 38 | 38 | |||||
Number of Repurchased Loans | - | - | - | |||||
Total Number of Loans Prepaid in Full | - | 38 | 38 | |||||
Paid in Full Balance | - | 3,057,661.19 | 3,057,661.19 | |||||
Repurchased Loans Balance | - | - | - | |||||
Curtailments Amount | 476.32 | 11,634.99 | 12,111.31 | |||||
Total Prepayment Amount | 476.32 | 3,069,296.18 | 3,069,772.50 | |||||
Cumulative | ||||||||
Number of Paid in Full Loans | 7 | 162 | 169 | |||||
Number of Repurchased Loans | - | 1 | 1 | |||||
Total Number of Loans Prepaid in Full | 7 | 163 | 170 | |||||
Paid in Full Balance | 2,371,110.98 | 14,175,838.26 | 16,546,949.24 | |||||
Repurchased Loans Balance | - | 44,649.38 | 44,649.38 | |||||
Curtailments Amount | (359.49) | 183,316.58 | 182,957.09 | |||||
Total Prepayment Amount | 2,370,751.49 | 14,403,804.22 | 16,774,555.71 | |||||
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 June 28, 2002 Distribution |
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | GROUP 2 | GROUP 1 | TOTAL | |||||
SMM | 0.00% | 2.14% | 1.92% | |||||
3 Months Avg SMM | 0.67% | 1.93% | 1.80% | |||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 1.48% | 1.08% | 1.12% | |||||
CPR | 0.03% | 22.82% | 20.72% | |||||
3 Months Avg CPR | 7.73% | 20.85% | 19.59% | |||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 16.39% | 12.17% | 12.63% | |||||
PSA | 1.65% | 1108.71% | 1004.55% | |||||
3 Months Avg PSA Approximation | 406.90% | 1121.42% | 1051.28% | |||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 1261.51% | 965.50% | 998.65% | |||||
| 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 June 28, 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 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 |