Aames Capital 8-K Other events

Aames 2002-2

Mortgage Pass-Through Certificates

REMIC I Series 2002-2

Certificate Payment Report for February 25, 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	254,165,076.05	1,547,759.33	1,824,973.83	3,372,733.16	-	-	252,340,102.22
I-A		44,643,785.03	44,643,785.03	271,862.04	-	271,862.04	-	-	44,643,785.03
I-B		15,000,000.00	15,000,000.00	91,343.75	-	91,343.75	-	-	15,000,000.00
P		100.00	100.00	14,204.09	-	14,204.09	-	-	100.00
R-I		-	-	-	-	-	-	-	-
Total		315,000,100.00	313,808,961.08	1,925,169.21	1,824,973.83	3,750,143.04	-	-	311,983,987.25

	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	995.335383	6.061177	7.146777	13.207954	988.188606
I-A			A-30/360		44,643,785.03	1,000.000000	6.089583	-	6.089583	1,000.000000
I-B			A-30/360		15,000,000.00	1,000.000000	6.089583	-	6.089583	1,000.000000
P			F-30/360	AA020203P	100.00	1,000.000000	142,040.900000	-	142,040.900000	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 February 25, 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	3,103,978.07	-	3,016,112.75	3,016,112.75	6,120,090.82	-	-	252,340,102.22
I-A	44,643,785.03	543,934.90	-	-	-	543,934.90	-	-	44,643,785.03
I-B	15,000,000.00	182,758.33	-	-	-	182,758.33	-	-	15,000,000.00
P	100.00	14,204.09	-	-	-	14,204.09	-	-	100.00
R-I	-	-	-	-	-	-	-	-	-

 Total 315,000,100.00 3,844,875.39 - 3,016,112.75 3,016,112.75 6,860,988.14 - - 311,983,987.25

	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	7.30750%	254,165,076.05	1,547,759.33	-	-	-	1,547,759.33	1,547,759.33	-
I-A	7.30750%	44,643,785.03	271,862.04	-	-	-	271,862.04	271,862.04	-
I-B	7.30750%	15,000,000.00	91,343.75	-	-	-	91,343.75	91,343.75	-
P		100.00	14,204.09	-	-	-	14,204.09	14,204.09	-
R-I		-	-	-	-	-	-	-	-
Total		313,808,961.08	1,925,169.21	-	-	-	1,925,169.21	1,925,169.21	-

Page 3 of 27 © COPYRIGHT 2003 Deutsche Bank

Aames 2002-2

Mortgage Pass-Through Certificates

REMIC II Series 2002-2

Certificate Payment Report for February 25, 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	115,488,336.44	703,275.81	13,501.28	716,777.09	-	-	115,474,835.16
II-A-2		16,800,000.00	16,799,752.17	102,303.49	4,748.46	107,051.95	-	-	16,795,003.71
II-M-1		8,662,500.00	8,662,500.00	52,751.01	-	52,751.01	-	-	8,662,500.00
II-M-2		6,300,000.00	6,300,000.00	38,364.37	-	38,364.37	-	-	6,300,000.00
II-M-3		5,512,500.00	5,512,500.00	33,568.83	-	33,568.83	-	-	5,512,500.00
II-B		4,725,000.00	4,725,000.00	28,773.28	-	28,773.28	-	-	4,725,000.00
II-Q		157,500,000.00	156,320,772.47	951,928.32	1,806,724.09	2,758,652.41	-	-	154,514,048.38
R-II		-	-	-	-	-	-	-	-
Total		315,000,000.00	313,808,861.08	1,910,965.11	1,824,973.83	3,735,938.94	-	-	311,983,887.25

	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	999.899017	6.088968	0.116894	6.205862	999.782123
II-A-2			A-30/360		16,800,000.00	999.985248	6.089493	0.282646	6.372140	999.702602
II-M-1			A-30/360		8,662,500.00	1,000.000000	6.089583	-	6.089583	1,000.000000
II-M-2			A-30/360		6,300,000.00	1,000.000000	6.089583	-	6.089583	1,000.000000
II-M-3			A-30/360		5,512,500.00	1,000.000000	6.089584	-	6.089584	1,000.000000
II-B			A-30/360		4,725,000.00	1,000.000000	6.089583	-	6.089583	1,000.000000
II-Q			A-30/360		157,500,000.00	992.512841	6.043989	11.471264	17.515253	981.041577
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 February 25, 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	1,407,168.07	-	25,164.84	25,164.84	1,432,332.91	-	-	115,474,835.16
II-A-2	16,800,000.00	204,687.82	-	4,996.29	4,996.29	209,684.11	-	-	16,795,003.71
II-M-1	8,662,500.00	105,542.93	-	-	-	105,542.93	-	-	8,662,500.00
II-M-2	6,300,000.00	76,758.49	-	-	-	76,758.49	-	-	6,300,000.00
II-M-3	5,512,500.00	67,163.69	-	-	-	67,163.69	-	-	5,512,500.00
II-B	4,725,000.00	57,568.87	-	-	-	57,568.87	-	-	4,725,000.00
II-Q	157,500,000.00	1,911,781.41	-	2,985,951.62	2,985,951.62	4,897,733.03	-	-	154,514,048.38
R-II	-	-	-	-	-	-	-	-	-
Total	315,000,000.00	3,830,671.28	-	3,016,112.75	3,016,112.75	6,846,784.03	-	-	311,983,887.25

	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	7.30750%	115,488,336.44	703,275.81	-	-	-	703,275.81	703,275.81	-
II-A-2	7.30750%	16,799,752.17	102,303.49	-	-	-	102,303.49	102,303.49	-
II-M-1	7.30750%	8,662,500.00	52,751.01	-	-	-	52,751.01	52,751.01	-
II-M-2	7.30750%	6,300,000.00	38,364.37	-	-	-	38,364.37	38,364.37	-
II-M-3	7.30750%	5,512,500.00	33,568.83	-	-	-	33,568.83	33,568.83	-
II-B	7.30750%	4,725,000.00	28,773.28	-	-	-	28,773.28	28,773.28	-
II-Q	7.30750%	156,320,772.47	951,928.32	-	-	-	951,928.32	951,928.32	-
R-II		-	-	-	-	-	-	-	-
Total		313,808,861.08	1,910,965.11	-	-	-	1,910,965.11	1,910,965.11	-

Page 5 of 27 © COPYRIGHT 2003 Deutsche Bank

Aames 2002-2

Mortgage Pass-Through Certificates

REMIC III Series 2002-2

Certificate Payment Report for February 25, 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	229,118,490.37	863,390.42	1,774,758.76	2,638,149.18	-	-	227,343,731.61
A-2		33,600,000.00	33,560,022.02	125,858.07	624,189.73	750,047.80	-	-	32,935,832.29
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	-	-	-	-	573,974.66	1,304,323.35
R-III		-	-	-	-	-	-	-	-
Total		315,000,000.00	313,808,861.08	1,242,574.12	2,398,948.49	3,641,522.61	-	573,974.66	311,983,887.25

	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	991.854937	3.737621	7.682938	11.420559	984.171998
A-2			A-30/360	00253CHW0	33,600,000.00	998.810179	3.745776	18.577075	22.322851	980.233104
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 February 25, 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	1,733,490.42	-	3,656,268.39	3,656,268.39	5,389,758.81	-	-	227,343,731.61
A-2	33,600,000.00	251,858.07	-	664,167.71	664,167.71	916,025.78	-	-	32,935,832.29
M-1	17,325,000.00	163,143.76	-	-	-	163,143.76	-	-	17,325,000.00
M-2	12,600,000.00	122,220.00	-	-	-	122,220.00	-	-	12,600,000.00
M-3	11,025,000.00	114,660.00	-	-	-	114,660.00	-	-	11,025,000.00
B	9,450,000.00	106,627.50	-	-	-	106,627.50	-	-	9,450,000.00
C	-	-	-	-	-	-	-	1,304,323.35	1,304,323.35
R-III	-	-	-	-	-	-	-	-	-
Total	315,000,000.00	2,491,999.75	-	4,320,436.10	4,320,436.10	6,812,435.85	-	1,304,323.35	311,983,887.25

	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%	229,118,490.37		863,012.98	-	-	-	863,012.98	863,390.42	-
A-2	4.50000%	33,560,022.02		125,850.08	-	-	-	125,850.08	125,858.07	-
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		-	-	-	-	-	573,974.66	-
R-III		-	-	-	-	-	-	-	-	-
Total		313,808,861.08		1,242,188.69	-	-	-	1,242,188.69	1,816,548.78	-

Page 7 of 27 © COPYRIGHT 2003 Deutsche Bank