Aames 2000-1 May 2001 Statement Realized Loss Report

EX-20 11 exhibit20-1j.htm EXHIBIT 20.1(J) Aames 2000-1 May 2001 Statement Realized Loss Report

Aames 2001-1

Mortgage Pass-Through Certificates

Realized Loss Report for May 25, 2001 Distribution

Realized Loss Report - Collateral

COLLATERAL REALIZED LOSSES		GROUP 2	GROUP 1	TOTAL

	Current
	Number of Loans Liquidated	-	1	1
	Collateral Realized Loss/(Gain) Amount	-	11,695.96	11,695.96
	Net Liquidation Proceeds	-	125,447.58	125,447.58

	Cumulative
	Number of Loans Liquidated	-	1	1
	Collateral Realized Loss/(Gain) Amount	-	11,695.96	11,695.96
	Net Liquidation Proceeds	-	125,447.58	125,447.58

	Note: Collateral realized losses may include adjustments to loans liquidated in prior periods.

SPACE INTENTIONALLY LEFT BLANK

Collateral Loss Severity Approximation by Groups

Collateral Loss Severity Approximation

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Aames 2001-1

Mortgage Pass-Through Certificates

Realized Loss Report for May 25, 2001 Distribution

Realized Loss Report - Collateral

DEFAULT SPEEDS		GROUP 2	GROUP 1	TOTAL

	MDR	0.00%	0.12%	0.09%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off	0.00%	0.06%	0.05%

	CDR	0.00%	1.38%	1.09%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off	0.00%	0.69%	0.55%

	SDA	0.00%	23.17%	18.28%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation	0.00%	13.96%	11.00%

	Loss Severity Approximation for Current Period		8.53%	8.53%
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off		8.53%	8.53%

CDR by Groups

Total CDR

SDA by Groups

Total SDA

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Aames 2001-1

Mortgage Pass-Through Certificates

Realized Loss Report for May 25, 2001 Distribution

Realized Loss Report - Collateral

CDR Avg since Cut-Off by Groups

Total CDR Avg since Cut-Off

SDA Avg since Cut-Off by Groups

Total SDA Avg since Cut-Off

COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
	Conditional Default Rate (CDR): 1-((1-MDR)/\12)
	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) . . . . .(1-MDRm)]/\(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)/\12)
	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
	Average WASn,m: (WASn + WASn+1 +. . . . .+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.

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