Aames Capital 8-K Other events

Aames 2002-2

Mortgage Pass-Through Certificates

REMIC I Series 2002-2

Certificate Payment Report for January 27, 2003 Distribution

	Distribution in Dollars - Current Period
				Prior						Current
	Class	Original		Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value		Balance	Interest	Principal	Distribution	Losses	Interest	Balance
				(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
I		255,356,214.97		255,356,214.97	1,556,218.74	1,149,128.31	2,705,347.05	-	-	254,207,086.66
I-A		44,643,785.03		44,643,785.03	272,072.86	-	272,072.86	-	-	44,643,785.03
I-B		15,000,000.00		15,000,000.00	91,414.58	-	91,414.58	-	-	15,000,000.00
P		100.00		100.00	-	-	-	-	-	100.00
R-I		-		-	-	-	-	-	-	-
Total		315,000,100.00		315,000,100.00	1,919,706.18	1,149,128.31	3,068,834.49	-	-	313,850,971.69
	Interest Accrual Detail			Current Period Factor Information per $1,000 of Original Face
					Orig. Principal	Prior				Current
	Period	Period			(with Notional)	Principal			Total	Principal
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
						(1)	(2)	(3)	(4)=(2)+(3)	(5)
I			A-30/360		255,356,214.97	1,000.000000	6.094305	4.500099	10.594405	995.499901
I-A			A-30/360		44,643,785.03	1,000.000000	6.094305	-	6.094305	1,000.000000
I-B			A-30/360		15,000,000.00	1,000.000000	6.094305	-	6.094305	1,000.000000
P			F-30/360	AA020203P	100.00	1,000.000000	-	-	-	1,000.000000
R-I			F-30/360		-	-	-	-	-	-

Page 2 of 27 © COPYRIGHT 2003 Deutsche Bank

Aames 2002-2

Mortgage Pass-Through Certificates

REMIC I I Series 2002-2

Certificate Payment Report for January 27, 2003 Distribution

	Distribution in Dollars - to Date
										Current
	Original			Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest	Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)	(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
I	255,356,214.97		1,556,218.74	-	1,149,128.31	1,149,128.31	2,705,347.05	-	-	254,207,086.66
I-A	44,643,785.03		272,072.86	-	-	-	272,072.86	-	-	44,643,785.03
I-B	15,000,000.00		91,414.58	-	-	-	91,414.58	-	-	15,000,000.00
P	100.00		-	-	-	-	-	-	-	100.00
R-I	-		-	-	-	-	-	-	-	-
Total	315,000,100.00		1,919,706.18	-	1,149,128.31	1,149,128.31	3,068,834.49	-	-	313,850,971.69
	Interest Detail
	Pass-	Prior Principal			Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)		Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance		Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
				(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
I	7.31317%	255,356,214.97		1,556,218.74	-	-	-	1,556,218.74	1,556,218.74	-
I-A	7.31317%	44,643,785.03		272,072.86	-	-	-	272,072.86	272,072.86	-
I-B	7.31317%	15,000,000.00		91,414.58	-	-	-	91,414.58	91,414.58	-
P		100.00		-	-	-	-	-	-	-
R-I		-		-	-	-	-	-	-	-
Total		315,000,100.00		1,919,706.18	-	-	-	1,919,706.18	1,919,706.18	-

Page 3 of 27 © COPYRIGHT 2003 Deutsche Bank

Aames 2002-2

Mortgage Pass-Through Certificates

REMIC II Series 2002-2

Certificate Payment Report for January 27, 2003 Distribution

	Distribution in Dollars - Current Period
			Prior						Current
	Class	Original	Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value	Balance	Interest	Principal	Distribution	Losses	Interest	Balance
			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
II-A-1		115,500,000.00	115,500,000.00	703,892.26	11,252.20	715,144.46	-	-	115,488,747.80
II-A-2		16,800,000.00	16,800,000.00	102,384.33	239.08	102,623.41	-	-	16,799,760.92
II-M-1		8,662,500.00	8,662,500.00	52,791.92	-	52,791.92	-	-	8,662,500.00
II-M-2		6,300,000.00	6,300,000.00	38,394.12	-	38,394.12	-	-	6,300,000.00
II-M-3		5,512,500.00	5,512,500.00	33,594.86	-	33,594.86	-	-	5,512,500.00
II-B		4,725,000.00	4,725,000.00	28,795.59	-	28,795.59	-	-	4,725,000.00
II-Q		157,500,000.00	157,500,000.00	959,853.09	1,137,637.03	2,097,490.12	-	-	156,362,362.97
R-II		-	-	-	-	-	-	-	-
Total		315,000,000.00	315,000,000.00	1,919,706.17	1,149,128.31	3,068,834.48	-	-	313,850,871.69

	Interest Accrual Detail			Current Period Factor Information per $1,000 of Original Face
					Orig. Principal	Prior				Current
	Period	Period			(with Notional)	Principal			Total	Principal
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
						(1)	(2)	(3)	(4)=(2)+(3)	(5)
II-A-1			A-30/360		115,500,000.00	1,000.000000	6.094305	0.097422	6.191727	999.902578
II-A-2			A-30/360		16,800,000.00	1,000.000000	6.094305	0.014231	6.108536	999.985769
II-M-1			A-30/360		8,662,500.00	1,000.000000	6.094305	-	6.094305	1,000.000000
II-M-2			A-30/360		6,300,000.00	1,000.000000	6.094305	-	6.094305	1,000.000000
II-M-3			A-30/360		5,512,500.00	1,000.000000	6.094306	-	6.094306	1,000.000000
II-B			A-30/360		4,725,000.00	1,000.000000	6.094305	-	6.094305	1,000.000000
II-Q			A-30/360		157,500,000.00	1,000.000000	6.094305	7.223092	13.317398	992.776908
R-II			F-30/360		-	-	-	-	-	-

Page 4 of 27 © COPYRIGHT 2003 Deutsche Bank

Aames 2002-2

Mortgage Pass-Through Certificates

REMIC II Series 2002-2

Certificate Payment Report for January 27, 2003 Distribution

	Distribution in Dollars - to Date
																Current
	Original			Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal
Class	Face Value	Interest		Principal		Principal		Principal		Distribution		Losses		Interest		Balance
	(1)	(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
II-A-1	115,500,000.00	703,892.26		-		11,252.20		11,252.20		715,144.46		-		-		115,488,747.80
II-A-2	16,800,000.00	102,384.33		-		239.08		239.08		102,623.41		-		-		16,799,760.92
II-M-1	8,662,500.00	52,791.92		-		-		-		52,791.92		-		-		8,662,500.00
II-M-2	6,300,000.00	38,394.12		-		-		-		38,394.12		-		-		6,300,000.00
II-M-3	5,512,500.00	33,594.86		-		-		-		33,594.86		-		-		5,512,500.00
II-B	4,725,000.00	28,795.59		-		-		-		28,795.59		-		-		4,725,000.00
II-Q	157,500,000.00	959,853.09		-		1,137,637.03		1,137,637.03		2,097,490.12		-		-		156,362,362.97
R-II	-	-		-		-		-		-		-		-		-
Total	315,000,000.00		1,919,706.17		-		1,149,128.31		1,149,128.31		3,068,834.48		-		-		313,850,871.69

	Interest Detail
	Pass-	Prior Principal		Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)	Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance	Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
			(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
II-A-1	7.31317%	115,500,000.00	703,892.26	-	-	-	703,892.26	703,892.26	-
II-A-2	7.31317%	16,800,000.00	102,384.33	-	-	-	102,384.33	102,384.33	-
II-M-1	7.31317%	8,662,500.00	52,791.92	-	-	-	52,791.92	52,791.92	-
II-M-2	7.31317%	6,300,000.00	38,394.12	-	-	-	38,394.12	38,394.12	-
II-M-3	7.31317%	5,512,500.00	33,594.86	-	-	-	33,594.86	33,594.86	-
II-B	7.31317%	4,725,000.00	28,795.59	-	-	-	28,795.59	28,795.59	-
II-Q	7.31317%	157,500,000.00	959,853.09	-	-	-	959,853.09	959,853.09	-
R-II		-	-	-	-	-	-	-	-
Total		315,000,000.00	1,919,706.17	-	-	-	1,919,706.17	1,919,706.17	-

Page 5 of 27 © COPYRIGHT 2003 Deutsche Bank

Aames 2002-2

Mortgage Pass-Through Certificates

REMIC III Series 2002-2

Certificate Payment Report for January 27, 2003 Distribution

	Distribution in Dollars - Current Period
			Prior						Current
	Class	Original	Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value	Balance	Interest	Principal	Distribution	Losses	Interest	Balance
			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1		231,000,000.00	231,000,000.00	870,100.00	1,881,509.63	2,751,609.63	-	-	229,118,490.37
A-2		33,600,000.00	33,600,000.00	126,000.00	39,977.98	165,977.98	-	-	33,560,022.02
M-1		17,325,000.00	17,325,000.00	81,571.88	-	81,571.88	-	-	17,325,000.00
M-2		12,600,000.00	12,600,000.00	61,110.00	-	61,110.00	-	-	12,600,000.00
M-3		11,025,000.00	11,025,000.00	57,330.00	-	57,330.00	-	-	11,025,000.00
B		9,450,000.00	9,450,000.00	53,313.75	-	53,313.75	-	-	9,450,000.00
C		-	-	-	-	-	-	730,348.69	730,348.69
R-III		-	-	-	-	-	-	-	-
Total		315,000,000.00	315,000,000.00	1,249,425.63	1,921,487.61	3,170,913.24	-	730,348.69	313,808,861.08

	Interest Accrual Detail			Current Period Factor Information per $1,000 of Original Face
					Orig. Principal	Prior				Current
	Period	Period			(with Notional)	Principal			Total	Principal
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
						(1)	(2)	(3)	(4)=(2)+(3)	(5)
A-1			A-30/360	00253CHV2	231,000,000.00	1,000.000000	3.766667	8.145063	11.911730	991.854937
A-2			A-30/360	00253CHW0	33,600,000.00	1,000.000000	3.750000	1.189821	4.939821	998.810179
M-1			A-30/360	00253CHX8	17,325,000.00	1,000.000000	4.708334	-	4.708334	1,000.000000
M-2			A-30/360	00253CHY6	12,600,000.00	1,000.000000	4.850000	-	4.850000	1,000.000000
M-3			A-30/360	00253CHZ3	11,025,000.00	1,000.000000	5.200000	-	5.200000	1,000.000000
B			A-30/360	00253CJA6	9,450,000.00	1,000.000000	5.641667	-	5.641667	1,000.000000
C			F-30/360	AA020203C	-	-	-	-	-	-
R-III			F-30/360		-	-	-	-	-	-

Page 6 of 27 © COPYRIGHT 2003 Deutsche Bank

Aames 2002-2

Mortgage Pass-Through Certificates

REMIC III Series 2002-2

Certificate Payment Report for January 27, 2003 Distribution

	Distribution in Dollars - to Date
									Current
	Original		Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value	Interest	Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)	(2)	(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	231,000,000.00	870,100.00	-	1,881,509.63	1,881,509.63	2,751,609.63	-	-	229,118,490.37
A-2	33,600,000.00	126,000.00	-	39,977.98	39,977.98	165,977.98	-	-	33,560,022.02
M-1	17,325,000.00	81,571.88	-	-	-	81,571.88	-	-	17,325,000.00
M-2	12,600,000.00	61,110.00	-	-	-	61,110.00	-	-	12,600,000.00
M-3	11,025,000.00	57,330.00	-	-	-	57,330.00	-	-	11,025,000.00
B	9,450,000.00	53,313.75	-	-	-	53,313.75	-	-	9,450,000.00
C	-	-	-	-	-	-	-	730,348.69	730,348.69
R-III	-	-	-	-	-	-	-	-	-
Total	315,000,000.00	1,249,425.63	-	1,921,487.61	1,921,487.61	3,170,913.24	-	730,348.69	313,808,861.08

	Interest Detail
	Pass-	Prior Principal		Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)	Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance	Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
			(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	4.52000%	231,000,000.00	870,100.00	-	-	-	870,100.00	870,100.00	-
A-2	4.50000%	33,600,000.00	126,000.00	-	-	-	126,000.00	126,000.00	-
M-1	5.65000%	17,325,000.00	81,571.88	-	-	-	81,571.88	81,571.88	-
M-2	5.82000%	12,600,000.00	61,110.00	-	-	-	61,110.00	61,110.00	-
M-3	6.24000%	11,025,000.00	57,330.00	-	-	-	57,330.00	57,330.00	-
B	6.77000%	9,450,000.00	53,313.75	-	-	-	53,313.75	53,313.75	-
C		-	-	-	-	-	-	730,348.69	-
R-III		-	-	-	-	-	-	-	-
Total		315,000,000.00	1,249,425.63	-	-	-	1,249,425.63	1,979,774.32	-

Page 7 of 27 © COPYRIGHT 2003 Deutsche Bank