Aames Capital 8-K Other events

Aames Mortgage Trust 2002-2

Mortgage Pass-Through Certificates

Delinquency Report for May 27, 2003 Distribution

Delinquency Report - Total

		<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		3,898,885.06	749,416.16	139,786.22	4,788,087.44
	% Balance		1.27%	0.25%	0.05%	1.57%
	# Loans		45	8	2	55
	% # Loans		1.81%	0.32%	0.08%	2.21%
FORECLOSURE	Balance	-	97,326.54	1,001,989.26	1,524,398.30	2,623,714.10
	% Balance	0.00%	0.03%	0.33%	0.50%	0.86%
	# Loans	-	1	8	15	24
	% # Loans	0.00%	0.04%	0.32%	0.60%	0.96%
BANKRUPTCY	Balance	74,255.22	133,941.82	132,379.21	464,160.49	804,736.74
	% Balance	0.02%	0.04%	0.04%	0.15%	0.26%
	# Loans	1	2	2	4	9
	% # Loans	0.04%	0.08%	0.08%	0.16%	0.36%
REO	Balance	-	-	-	-	-
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	-	-	-	-	-
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL	Balance	74,255.22	4,130,153.42	1,883,784.63	2,128,345.01	8,216,538.28
	% Balance	0.02%	1.35%	0.62%	0.70%	2.69%
	# Loans	1	48	18	21	88
	% # Loans	0.04%	1.93%	0.72%	0.84%	3.53%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+

1 or 2 Payments Delinquent

3 or More Payments Delinquent

Total Foreclosure

Total Bankruptcy and REO

Note: Dates correspond to distribution dates.

Page 15 of 27 © COPYRIGHT 2003 Deutsche Bank

Aames Mortgage Trust 2002-2

Mortgage Pass-Through Certificates

Delinquency Report for May 27, 2003 Distribution

Delinquency Report - Group 1 Group

		<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		3,756,685.80	749,416.16	139,786.22	4,645,888.18
	% Balance		1.41%	0.28%	0.05%	1.74%
	# Loans		44	8	2	54
	% # Loans		1.85%	0.34%	0.08%	2.27%
FORECLOSURE	Balance	-	97,326.54	900,608.05	1,210,108.29	2,208,042.88
	% Balance	0.00%	0.04%	0.34%	0.45%	0.83%
	# Loans	-	1	7	14	22
	% # Loans	0.00%	0.04%	0.29%	0.59%	0.93%
BANKRUPTCY	Balance	74,255.22	133,941.82	132,379.21	464,160.49	804,736.74
	% Balance	0.03%	0.05%	0.05%	0.17%	0.30%
	# Loans	1	2	2	4	9
	% # Loans	0.04%	0.08%	0.08%	0.17%	0.38%
REO	Balance	-	-	-	-	-
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	-	-	-	-	-
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL	Balance	74,255.22	3,987,954.16	1,782,403.42	1,814,055.00	7,658,667.80
	% Balance	0.03%	1.49%	0.67%	0.68%	2.87%
	# Loans	1	47	17	20	85
	% # Loans	0.04%	1.98%	0.72%	0.84%	3.58%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+

1 or 2 Payments Delinquent

3 or More Payments Delinquent

Total Foreclosure

Total Bankruptcy and REO

Note: Dates correspond to distribution dates.

Page 16 of 27 © COPYRIGHT 2003 Deutsche Bank

Aames Mortgage Trust 2002-2

Mortgage Pass-Through Certificates

Delinquency Report for May 27, 2003 Distribution

Delinquency Report - Group 2 Group

		<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		142,199.26	-	-	142,199.26
	% Balance		0.37%	0.00%	0.00%	0.37%
	# Loans		1	-	-	1
	% # Loans		0.85%	0.00%	0.00%	0.85%
FORECLOSURE	Balance	-	-	101,381.21	314,290.01	415,671.22
	% Balance	0.00%	0.00%	0.26%	0.81%	1.07%
	# Loans	-	-	1	1	2
	% # Loans	0.00%	0.00%	0.85%	0.85%	1.69%
BANKRUPTCY	Balance	-	-	-	-	-
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	-	-	-	-	-
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
REO	Balance	-	-	-	-	-
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	-	-	-	-	-
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL	Balance	-	142,199.26	101,381.21	314,290.01	557,870.48
	% Balance	0.00%	0.37%	0.26%	0.81%	1.44%
	# Loans	-	1	1	1	3
	% # Loans	0.00%	0.85%	0.85%	0.85%	2.54%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+

1 or 2 Payments Delinquent

3 or More Payments Delinquent

Total Foreclosure

Total Bankruptcy and REO

Note: Dates correspond to distribution dates.

Page 17 of 27 © COPYRIGHT 2003 Deutsche Bank