Aames 2002-2
Mortgage Pass-Through Certificates
Prepayment Report for February 25, 2003Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | | | GROUP 2 | GROUP 1 | TOTAL |
| | | | | | | | |
| Current | | | | | | | |
| Number of Paid in Full Loans | | | | - | 9 | 9 |
| Number of Repurchased Loans | | | | 1 | 1 | 2 |
| Total Number of Loans Prepaid in Full | | | 1 | 10 | 11 |
| | | | | | | | |
| Paid in Full Balance | | | | - | 874,423.95 | 874,423.95 |
| Repurchased Loans Balance | | | | 449,666.03 | 244,800.00 | 694,466.03 |
| Curtailments Amount | | | | - | - | - |
| Total Prepayment Amount | | | | 449,666.03 | 1,119,223.95 | 1,568,889.98 |
| | | | | | | | |
| Cumulative | | | | | | | |
| Number of Paid in Full Loans | | | | - | 16 | 16 |
| Number of Repurchased Loans | | | | 1 | 3 | 4 |
| Total Number of Loans Prepaid in Full | | | 1 | 19 | 20 |
| | | | | | | | |
| Paid in Full Balance | | | | - | 1,525,799.12 | 1,525,799.12 |
| Repurchased Loans Balance | | | | 449,666.03 | 451,800.00 | 901,466.03 |
| Curtailments Amount | | | | - | - | - |
| Total Prepayment Amount | | | | 449,666.03 | 1,977,599.12 | 2,427,265.15 |
| | | | | | | | |
SPACE INTENTIONALLY LEFT BLANK |
| | | | | | | | |
Total Prepayments by Groups (in thousands of dollars)
Total Prepayments (in thousands of dollars)
| | | | | | | Page 19 of 27 | © COPYRIGHT 2003 Deutsche Bank |
Aames 2002-2
Mortgage Pass-Through Certificates
Prepayment Report for February 25, 2003Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | | | | GROUP 2 | GROUP 1 | TOTAL |
| | | | | | | | |
| SMM | | | | | 1.13% | 0.41% | 0.50% |
| 3 Months Avg SMM | | | | | | |
| 12 Months Avg SMM | | | | | | |
| Avg SMM Since Cut-off | | | | 0.57% | 0.36% | 0.39% |
| | | | | | | | |
| CPR | | | | | 12.73% | 4.80% | 5.84% |
| 3 Months Avg CPR | | | | | | |
| 12 Months Avg CPR | | | | | | |
| Avg CPR Since Cut-off | | | | 6.58% | 4.24% | 4.54% |
| | | | | | | | |
| PSA | | | | | 1788.01% | 606.63% | 748.00% |
| 3 Months Avg PSA Approximation | | | | | | |
| 12 Months Avg PSA Approximation | | | | | |
| Avg PSA Since Cut-off Approximation | | | 1074.62% | 613.32% | 666.23% |
| | | | | | | | |
CPR by Groups
Total CPR
PSA by Groups
Total PSA
| | | | | | | Page 20 of 27 | © COPYRIGHT 2003 Deutsche Bank |
Aames 2002-2
Mortgage Pass-Through Certificates
Prepayment Report for February 25, 2003Distribution
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 2003 Deutsche Bank |
