Aames Mortgage Trust 2002-2
Mortgage Pass-Through Certificates
Prepayment Report for May 27, 2003 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | GROUP 2 | GROUP 1 | TOTAL | |||||
Current | ||||||||
Number of Paid in Full Loans | 1 | 23 | 24 | |||||
Number of Repurchased Loans | - | - | - | |||||
Total Number of Loans Prepaid in Full | 1 | 23 | 24 | |||||
Paid in Full Balance | 414,869.96 | 2,589,044.33 | 3,003,914.29 | |||||
Repurchased Loans Balance | - | - | - | |||||
Curtailments Amount | 1,956.95 | 23,995.00 | 25,951.95 | |||||
Total Prepayment Amount | 416,826.91 | 2,613,039.33 | 3,029,866.24 | |||||
Cumulative | ||||||||
Number of Paid in Full Loans | 1 | 64 | 65 | |||||
Number of Repurchased Loans | 1 | 3 | 4 | |||||
Total Number of Loans Prepaid in Full | 2 | 67 | 69 | |||||
Paid in Full Balance | 414,869.96 | 6,245,143.89 | 6,660,013.85 | |||||
Repurchased Loans Balance | 449,666.03 | 451,800.00 | 901,466.03 | |||||
Curtailments Amount | 3,652.91 | 84,927.72 | 88,580.63 | |||||
Total Prepayment Amount | 868,188.90 | 6,781,871.61 | 7,650,060.51 | |||||
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 May 27, 2003 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | GROUP 2 | GROUP 1 | TOTAL | |||||
SMM | 1.06% | 0.97% | 0.98% | |||||
3 Months Avg SMM | 0.36% | 0.59% | 0.56% | |||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 0.44% | 0.50% | 0.49% | |||||
CPR | 12.01% | 11.03% | 11.16% | |||||
3 Months Avg CPR | 4.19% | 6.88% | 6.55% | |||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 5.16% | 5.84% | 5.75% | |||||
PSA | 917.76% | 800.58% | 814.87% | |||||
3 Months Avg PSA Approximation | 377.41% | 580.77% | 556.79% | |||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 565.57% | 590.79% | 587.83% | |||||
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 May 27, 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 - 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 |