Aames 2001-3

Mortgage Pass-Through Certificates

Series 2001-3

Prepayment Report for May 28, 2002 Distribution

Prepayment Report - Voluntary Prepayments

VOLUNTARY PREPAYMENTS		GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans	-	37	37
	Number of Repurchased Loans	-	-	-
	Total Number of Loans Prepaid in Full	-	37	37
	Paid in Full Balance	-	3,485,821.11	3,485,821.11
	Repurchased Loans Balance	-	-	-
	Curtailments Amount	222.83	84,376.48	84,599.31
	Total Prepayment Amount	222.83	3,570,197.59	3,570,420.42
	Cumulative
	Number of Paid in Full Loans	7	124	131
	Number of Repurchased Loans	-	1	1
	Total Number of Loans Prepaid in Full	7	125	132
	Paid in Full Balance	2,371,110.98	11,118,177.07	13,489,288.05
	Repurchased Loans Balance	-	44,649.38	44,649.38
	Curtailments Amount	(835.81)	171,681.59	170,845.78
	Total Prepayment Amount	2,370,275.17	11,334,508.04	13,704,783.21
SPACE INTENTIONALLY LEFT BLANK

Total Prepayments by Groups (in thousands of dollars) Total Prepayments (in thousands of dollars)

Page 19 of 27 © COPYRIGHT 2002 Deutsche Bank

Aames 2001-3

Mortgage Pass-Through Certificates

Series 2001-3

Prepayment Report for May 28, 2002 Distribution

Prepayment Report - Voluntary Prepayments

VOLUNTARY PREPAYMENT RATES		GROUP 2	GROUP 1	TOTAL
	SMM	0.00%	2.42%	2.18%
	3 Months Avg SMM	1.96%	1.56%	1.60%
	12 Months Avg SMM
	Avg SMM Since Cut-off	1.66%	0.94%	1.02%
	CPR	0.02%	25.49%	23.23%
	3 Months Avg CPR	21.11%	17.15%	17.57%
	12 Months Avg CPR
	Avg CPR Since Cut-off	18.24%	10.74%	11.56%
	PSA	0.85%	1370.68%	1246.33%
	3 Months Avg PSA Approximation	1241.53%	1033.42%	1055.97%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation	1520.70%	925.18%	992.50%

CPR by Groups Total CPR

PSA by Groups Total PSA

Page 20 of 27 © COPYRIGHT 2002 Deutsche Bank

Aames 2001-3

Mortgage Pass-Through Certificates

Series 2001-3

Prepayment Report for May 28, 2002 Distribution

Prepayment Report - Voluntary Prepayments

CPR Avg since Cut-Off by Groups Total CPR Avg since Cut-Off

PSA Avg Cut-Off by Groups Total PSA Avg 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 2002 Deutsche Bank