Aames Mortgage Trust 2002-2

Mortgage Pass-Through Certificates

Prepayment Report for May 27, 2003 Distribution

Prepayment Report - Voluntary Prepayments

VOLUNTARY PREPAYMENTS		GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans	1	23	24
	Number of Repurchased Loans	-	-	-
	Total Number of Loans Prepaid in Full	1	23	24
	Paid in Full Balance	414,869.96	2,589,044.33	3,003,914.29
	Repurchased Loans Balance	-	-	-
	Curtailments Amount	1,956.95	23,995.00	25,951.95
	Total Prepayment Amount	416,826.91	2,613,039.33	3,029,866.24
	Cumulative
	Number of Paid in Full Loans	1	64	65
	Number of Repurchased Loans	1	3	4
	Total Number of Loans Prepaid in Full	2	67	69
	Paid in Full Balance	414,869.96	6,245,143.89	6,660,013.85
	Repurchased Loans Balance	449,666.03	451,800.00	901,466.03
	Curtailments Amount	3,652.91	84,927.72	88,580.63
	Total Prepayment Amount	868,188.90	6,781,871.61	7,650,060.51
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 May 27, 2003 Distribution

Prepayment Report - Voluntary Prepayments

VOLUNTARY PREPAYMENT RATES		GROUP 2	GROUP 1	TOTAL
	SMM	1.06%	0.97%	0.98%
	3 Months Avg SMM	0.36%	0.59%	0.56%
	12 Months Avg SMM
	Avg SMM Since Cut-off	0.44%	0.50%	0.49%
	CPR	12.01%	11.03%	11.16%
	3 Months Avg CPR	4.19%	6.88%	6.55%
	12 Months Avg CPR
	Avg CPR Since Cut-off	5.16%	5.84%	5.75%
	PSA	917.76%	800.58%	814.87%
	3 Months Avg PSA Approximation	377.41%	580.77%	556.79%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation	565.57%	590.79%	587.83%

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 May 27, 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.

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