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Previous: HOUSEHOLD CONSUMER LOAN TRUST 1997-1, 8-K, 1997-06-26 |
Next: THIRD AVENUE TRUST, NSAR-A, 1997-06-26 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
JUNE 16, 1997
Aames Capital Acceptance Corp.
on behalf of Aames Capital Owner
Trust 1991-1
----------------------------
(Exact name of Registrant as specified in its charter)
Delaware 333-21219 95-4619902
------------ --------- -----------
(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file number) identification no.)
305 South Grand Avenue
Los Angeles, California 90071
- ------------------------------------ -------
(Address of principal executive offices) (ZIP Code)
(213) 640-5000
---------------------------------
Registrant's telephone number, including area code
3731 Wilshire Boulevard, Los Angeles, California 90010
-----------------------------------------------------
(Former name or former address, if changed since last report)
-----------------------------------------------------
<PAGE>
Item 7. FINANCIAL STATEMENTS; PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
- ---------------------------------------------------------------------------
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
20.1 Aames Capital Owner Trust 1991-1, Adjustable Rate
Asset-Backed Bonds, Series 1991-1 - Statement to Bondholders
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, the Registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly
authorized.
AAMES CAPITAL ACCEPTANCE CORP.
By: /s/ Mark E. Elbaum
-------------------------------
Mark E. Elbaum
Senior Vice President - Finance
and Chief Accounting Officer
Dated: June 25, 1997
<PAGE>
Index to Exhibits
Exhibit
- -------
20.1 Aames Capital Owner Trust 1991-1, Adjustable Rate
Asset-Backed Bonds, Series 1991-1 - Statement to
Bondholders
<PAGE>
Aames Capital Owner Trust 1997-1
Adjustable Rate Asset-Backed Bonds
Series 1997-1
Due June 15, 2029
Statement To Certificateholders
<TABLE>
<CAPTION>
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CERTIFICATES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CERTIFICATES 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
SELLER: Aames Capital Corporation ADMINISTRATOR: Whitney Iger
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: DLJ Securities Corporation 3 Park Plaza
RECORD DATE: May 30, 1997 Irvine, CA 92614
DISTRIBUTION DATE: June 16, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Owner Trust 1997-1
Adjustable Rate Asset-Backed Bonds
Series 1997-1
Due June 15, 2029
Statement to Bondholders
<TABLE>
<CAPTION>
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
BONDS 415,000,000.00 402,910,087.76 2,108,562.79 7,069,846.76 9,178,409.55 0.00 0.00 395,840,241.00
TOTAL 415,000,000.00 402,910,087.76 2,108,562.79 7,069,846.76 9,178,409.55 0.00 0.00 395,840,241.00
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
<S> <C> <C> <C> <C> <C> <C> <C> <C>
BONDS 00252YAA8 970.867681 5.080874 17.035775 22.116650 953.831906 5.887500% 5.887500%
SELLER: Aames Capital Corporation ADMINISTRATOR: Whitney Iger
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: DLJ Securities Corporation 3 Park Plaza
RECORD DATE: May 30, 1997 Irvine, CA 92614
DISTRIBUTION DATE: June 16, 1997 FACTOR INFORMATION(800) 735-7777
</TABLE>
Page 1 of 3
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Owner Trust 1997-1
Adjustable Rate Asset-Backed Bonds
Series 1997-1
Due June 15, 2029
Statement to Bondholders
<TABLE>
<CAPTION>
Distribution Date: June 16, 1997
<S> <C> <C>
MONTHLY ADVANCES: 630,267.30
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 170,752.25
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
TOTAL SERVICING FEES DUE MASTER SERVICER: 170,752.25
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: DELINQUENT SERVICE FEES: (29,509.42)
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 141,242.83
</TABLE>
<TABLE>
<CAPTION>
DELINQUENT LOAN 30 TO 59 60 TO 89 90 PLUS
INFORMATION DAYS DAYS DAYS TOTAL
<S> <C> <C> <C> <C>
PRINCIPAL BALANCE 11,996,513.52 4,492,013.78 2,465,313.73 18,953,841.03
NUMBER OF LOANS 127 48 25 200
FORECLOSURE LOAN INFORMATION
PRINCIPAL BALANCE 0.00 1,280,447.32 5,921,065.87 7,201,513.19
NUMBER OF LOANS 0 14 49 63
REO LOAN INFORMATION
PRINCIPAL BALANCE 0.00 0.00 0.00 0.00
NUMBER OF LOANS 0 0 0 0
NUMBER OF LOANS IN BANKRUPTCY PROCEEDINGS: 0
PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY PROCEEDINGS: 0.00
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH FORECLOSURE: 0.00
REALIZED LOSS INFORMATION
LOAN NUMBER PRINCIPAL BALANCE NET LIQUIDATION PROCEEDS TOTAL LOSS AMOUNT
TOTAL CURRENT PERIOD LOSSES: 0.00
CUMULATIVE REALIZED LOSSES: 0.00
</TABLE>
Page 2 of 3
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Owner Trust 1997-1
Adjustable Rate Asset-Backed Bonds
Series 1997-1
Due June 15, 2029
Statement to Bondholders
<TABLE>
<CAPTION>
Distribution Date: June 16, 1997
<S> <C>
BEGINNING NUMBER OF LOANS: 4159
ENDING NUMBER OF LOANS: 4112
BEGINNING PRINCIPAL BALANCE OF POOL: 409,805,417.14
ENDING PRINCIPAL BALANCE OF POOL: 403,865,000.08
WEIGHTED AVERAGE TERM TO MATURITY: 280
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 10.157953%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 10.287300%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 14
PRINCIPAL BALANCE: 2,762,291.10
NUMBER OF LOANS SUBSTITUTED: 33
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 0.00
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00
AVAILABLE FUNDS: 9,238,846.06
INSURED AMOUNT: 0.00
CERTIFICATE INSURER PREMIUM: 60,436.51
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 5,940,611.41
EXCESS CASH DISTRIBUTION: 1,129,235.35
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 8,024,759.08
REQUIRED COVERAGE AMOUNT: 37,643,034.16
COVERAGE SURPLUS: 0.00
COVERAGE DEFICIT: 0.00
UNREIMBURSED MONTHLY ADVANCES: 0.00
UNREIMBURSED SERVICING ADVANCES: 0.00
</TABLE>
Page 3 of 3
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Owner Trust 1997-1
Adjustable Rate Asset-Backed Bonds
Series 1997-1
Due June 15, 2029
Statement to Bondholders
<TABLE>
<CAPTION>
Distribution Date: June 16, 1997
<S> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 3,444,468.54
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 237,066.28
PREPAYMENTS IN FULL 2,762,291.10
CURTAILMENTS 0.00
2,999,357.38
PAYMENTS AHEAD 0.00
TRUST INSURANCE PROCEEDS (PRINCIPAL & INTEREST): 0.00
NET LIQUIDATION PROCEEDS: 0.00
COMPENSATING INTEREST PAYMENTS TO BE PAID BY SERVICER: 0.00
AGGREGATE REPURCHASE PRICE: 2,965,578.04
SUBSTITUTION OF QUALIFIED REPLACEMENT MORTGAGE LOAN: (410.25)
MONTHLY ADVANCES: 630,267.30
MONTHLY SERVICING FEE: (141,242.83)
DELINQUENT INTEREST: (659,776.72)
SERVICING ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00
MONTHLY ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00
PREPAYMENT INTEREST SHORTFALL: 0.00
ISSUER DEPOSIT TO CAPITALIZED INTEREST ACCOUNT: 0.00
TOTAL REMITTANCE DUE: 9,238,241.46
===========
</TABLE>
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
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