Aames 2002-1

Mortgage Pass-Through Certificates

Series 2002-1

Realized Loss Report for June 25, 2002 Distribution

Realized Loss Report - Collateral

COLLATERAL REALIZED LOSSES		TOTAL
	Current
	Number of Loans Liquidated	-
	Collateral Realized Loss/(Gain) Amount	-
	Net Liquidation Proceeds	-
	Cumulative
	Number of Loans Liquidated	-
	Collateral Realized Loss/(Gain) Amount	-
	Net Liquidation Proceeds	-
	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

 

Page 19 of 23 © COPYRIGHT 2002 Deutsche Bank

Aames 2002-1

Mortgage Pass-Through Certificates

Series 2002-1

Realized Loss Report for June 25, 2002 Distribution

Realized Loss Report - Collateral

DEFAULT SPEEDS		TOTAL
	MDR	0.00%
	3 Months Avg MDR	0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off	0.00%
	CDR	0.00%
	3 Months Avg CDR	0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off	0.00%
	SDA	0.00%
	3 Months Avg SDA Approximation	0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation	0.00%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off

CDR by Groups Total CDR

 

SDA by Groups Total SDA

 

Page 20 of 23 © COPYRIGHT 2002 Deutsche Bank

Aames 2002-1

Mortgage Pass-Through Certificates

Series 2002-1

Realized Loss Report for June 25, 2002 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.

Page 21 of 23 © COPYRIGHT 2002 Deutsche Bank