Aames Mortgage Trust 2002-2
Mortgage Pass-Through Certificates
Prepayment Report for June 25, 2003 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENTS | GROUP 2 | GROUP 1 | TOTAL | |||||
Current | ||||||||
Number of Paid in Full Loans | 3 | 29 | 32 | |||||
Number of Repurchased Loans | - | - | - | |||||
Total Number of Loans Prepaid in Full | 3 | 29 | 32 | |||||
Paid in Full Balance | 1,296,172.14 | 3,541,129.70 | 4,837,301.84 | |||||
Repurchased Loans Balance | - | - | - | |||||
Curtailments Amount | 1,547.36 | 22,594.39 | 24,141.75 | |||||
Total Prepayment Amount | 1,297,719.50 | 3,563,724.09 | 4,861,443.59 | |||||
Cumulative | ||||||||
Number of Paid in Full Loans | 4 | 93 | 97 | |||||
Number of Repurchased Loans | 1 | 3 | 4 | |||||
Total Number of Loans Prepaid in Full | 5 | 96 | 101 | |||||
Paid in Full Balance | 1,711,042.10 | 9,786,273.59 | 11,497,315.69 | |||||
Repurchased Loans Balance | 449,666.03 | 451,800.00 | 901,466.03 | |||||
Curtailments Amount | 5,200.27 | 107,522.11 | 112,722.38 | |||||
Total Prepayment Amount | 2,165,908.40 | 10,345,595.70 | 12,511,504.10 | |||||
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 June 25, 2003 Distribution
Prepayment Report - Voluntary Prepayments |
VOLUNTARY PREPAYMENT RATES | GROUP 2 | GROUP 1 | TOTAL | |||||
SMM | 3.34% | 1.34% | 1.59% | |||||
3 Months Avg SMM | 1.48% | 0.93% | 1.00% | |||||
12 Months Avg SMM | ||||||||
Avg SMM Since Cut-off | 0.93% | 0.64% | 0.68% | |||||
CPR | 33.49% | 14.91% | 17.51% | |||||
3 Months Avg CPR | 16.36% | 10.59% | 11.34% | |||||
12 Months Avg CPR | ||||||||
Avg CPR Since Cut-off | 10.60% | 7.41% | 7.82% | |||||
PSA | 2221.95% | 947.14% | 1118.29% | |||||
3 Months Avg PSA Approximation | 1249.73% | 767.41% | 826.93% | |||||
12 Months Avg PSA Approximation | ||||||||
Avg PSA Since Cut-off Approximation | 1048.91% | 682.86% | 726.74% | |||||
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 June 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 - 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 |