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 |