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 |
