Aames Mortgage Trust 2002-2
Mortgage Pass-Through Certificates
Prepayment Report for April 25, 2003 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | GROUP 2 | GROUP 1 | TOTAL | |||||
Current | ||||||||
Number of Paid in Full Loans | - | 16 | 16 | |||||
Number of Repurchased Loans | - | - | - | |||||
Total Number of Loans Prepaid in Full | - | 16 | 16 | |||||
Paid in Full Balance | - | 1,264,545.14 | 1,264,545.14 | |||||
Repurchased Loans Balance | - | - | - | |||||
Curtailments Amount | 931.54 | 31,062.41 | 31,993.95 | |||||
Total Prepayment Amount | 931.54 | 1,295,607.55 | 1,296,539.09 | |||||
Cumulative | ||||||||
Number of Paid in Full Loans | - | 41 | 41 | |||||
Number of Repurchased Loans | 1 | 3 | 4 | |||||
Total Number of Loans Prepaid in Full | 1 | 44 | 45 | |||||
Paid in Full Balance | - | 3,656,099.56 | 3,656,099.56 | |||||
Repurchased Loans Balance | 449,666.03 | 451,800.00 | 901,466.03 | |||||
Curtailments Amount | 1,695.96 | 60,932.72 | 62,628.68 | |||||
Total Prepayment Amount | 451,361.99 | 4,168,832.28 | 4,620,194.27 | |||||
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 Mortgage Trust 2002-2
Mortgage Pass-Through Certificates
Prepayment Report for April 25, 2003 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | GROUP 2 | GROUP 1 | TOTAL | |||||
SMM | 0.00% | 0.48% | 0.42% | |||||
3 Months Avg SMM | 0.38% | 0.41% | 0.40% | |||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 0.28% | 0.38% | 0.37% | |||||
CPR | 0.03% | 5.59% | 4.90% | |||||
3 Months Avg CPR | 4.45% | 4.76% | 4.72% | |||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 3.36% | 4.49% | 4.35% | |||||
PSA | 2.56% | 470.24% | 415.71% | |||||
3 Months Avg PSA Approximation | 488.36% | 480.75% | 481.64% | |||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 413.59% | 504.34% | 493.78% | |||||
CPR by Groups
Total CPR
PSA by Groups
Total PSA
Page 20 of 27 | © COPYRIGHT 2003 Deutsche Bank |
Aames Mortgage Trust 2002-2
Mortgage Pass-Through Certificates
Prepayment Report for April 25, 2003 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 since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY | ||||||||
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Scheduled 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 |