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)
AUGUST 15, 1999
AAMES CAPITAL CORPORATION
--------------------------------------------
(Exact name of Registrant as specified in its charter)
CALIFORNIA 333-46893-01 95-4438859
(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file numbers) identification no.)
350 SOUTH GRAND AVENUE
LOS ANGELES, CALIFORNIA 90071
(Address of principal executive offices) (ZIP Code)
(213) 210-5000
Registrant's telephone number, including area code
NA
(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 Corporation, Mortgage Pass-Through
Certificates, Series 1998-C - Statement to Certificateholders
20.2 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1999-1 - Statement to Certificateholders
<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 CORPORATION
By: /S/ BARBARA S. POLSKY
---------------------------------
Barbara S. Polsky
Executive Vice President
Dated: August 30, 1999
Page 3
<PAGE>
INDEX TO EXHIBITS
EXHIBIT
20.1 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1998-C - Statement to Certificateholders
20.2 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1999-1 - Statement to Certificateholders
Page 4
EXHIBIT 20.1
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDERS
<TABLE>
<CAPTION>
This statement is also available on Bankers Trust's website, http://online.bankerstrust.com/invr/.
BT begins posting statements to the web at 7:00 PM Eastern Standard time on the business day before each distibution date.
- ------------------------------------------------------------------------------------------------------------------------------------
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>
I-1F 1,184,000.00 728,443.10 5,746.93 82,182.88 87,929.81 0.00 0.00 646,260.22
I-2F 803,000.00 803,000.00 6,335.13 0.00 6,335.13 0.00 0.00 803,000.00
I-3F 399,000.00 399,000.00 3,147.84 0.00 3,147.84 0.00 0.00 399,000.00
I-4F 721,000.00 721,000.00 5,688.21 0.00 5,688.21 0.00 0.00 721,000.00
I-5F 403,000.00 403,000.00 3,179.40 0.00 3,179.40 0.00 0.00 403,000.00
I-6F 390,000.00 390,000.00 3,076.84 0.00 3,076.84 0.00 0.00 390,000.00
I-MF 386,100,000.00 350,856,403.49 2,761,821.08 7,522,204.06 10,284,025.14 141,638.90 6,201.02 343,198,761.55
I-1A 1,950,000.00 1,559,667.74 12,037.81 60,416.56 72,454.37 3,509.95 0.00 1,495,741.23
I-2A 650,000.00 650,000.00 5,016.82 0.00 5,016.82 0.00 0.00 650,000.00
I-MA 257,400,000.00 226,257,590.44 1,739,666.68 5,324,717.04 7,064,383.72 (3,509.95) 6,631.54 220,943,014.89
R-I 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 650,000,000.00 582,768,104.77 4,545,716.74 12,989,520.54 17,535,237.28 141,638.90 12,832.56 569,649,777.89
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
I-1F 615.239105 4.853826 69.411216 74.265042 545.827889 9.467197% 9.463787%
I-2F 1,000.000000 7.889328 0.000000 7.889328 1,000.000000 9.467197% 9.463787%
I-3F 1,000.000000 7.889323 0.000000 7.889323 1,000.000000 9.467197% 9.463787%
I-4F 1,000.000000 7.889334 0.000000 7.889334 1,000.000000 9.467197% 9.463787%
I-5F 1,000.000000 7.889330 0.000000 7.889330 1,000.000000 9.467197% 9.463787%
I-6F 1,000.000000 7.889333 0.000000 7.889333 1,000.000000 9.467197% 9.463787%
I-MF 908.718994 7.153124 19.482528 26.635652 888.885681 9.467197% 9.463787%
I-1A 799.829610 6.173236 30.982851 37.156087 767.046785 9.261823% 9.227364%
I-2A 1,000.000000 7.718185 0.000000 7.718185 1,000.000000 9.261823% 9.227364%
I-MA 879.011618 6.758612 20.686546 27.445158 858.364471 9.261823% 9.227364%
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: NationsBanc Montgomery Securities LLC 3 Park Plaza
RECORD DATE: July 30, 1999 Irvine, CA 92614
DISTRIBUTION DATE: August 16, 1999 FACTOR INFORMATION: (800) 735-7777
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Page 1 of 6 (C) COPYRIGHT 1999 Bankers Trust Company
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-C
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>
A-1F 118,400,000.00 72,844,309.82 378,729.71 8,218,288.05 8,597,017.76 0.00 0.00 64,626,021.77
A-2F 80,300,000.00 80,300,000.00 403,975.92 0.00 403,975.92 0.00 0.00 80,300,000.00
A-3F 39,900,000.00 39,900,000.00 202,525.75 0.00 202,525.75 0.00 0.00 39,900,000.00
A-4F 72,100,000.00 72,100,000.00 376,602.33 0.00 376,602.33 0.00 0.00 72,100,000.00
A-5F 40,300,000.00 40,300,000.00 222,758.25 0.00 222,758.25 0.00 0.00 40,300,000.00
A-6F 39,000,000.00 39,000,000.00 199,322.50 0.00 199,322.50 0.00 0.00 39,000,000.00
A-1A 195,000,000.00 155,966,774.26 754,186.00 6,392,650.81 7,146,836.81 0.00 0.00 149,574,123.45
A-2A 65,000,000.00 65,000,000.00 320,233.33 0.00 320,233.33 0.00 0.00 65,000,000.00
C 0.00 17,357,020.68 0.00 0.00 0.00 0.00 1,492,611.98 18,849,632.66
R-II 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 650,000,000.00 582,768,104.76 2,858,333.79 14,610,938.86 17,469,272.65 0.00 1,492,611.98 569,649,777.88
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1F 00253CFD4 615.239103 3.198731 69.411217 72.609947 545.827887 6.239000% 6.239000%
A-2F 00253CFE2 1,000.000000 5.030833 0.000000 5.030833 1,000.000000 6.037000% 6.037000%
A-3F 00253CFF9 1,000.000000 5.075833 0.000000 5.075833 1,000.000000 6.091000% 6.091000%
A-4F 00253CFG7 1,000.000000 5.223333 0.000000 5.223333 1,000.000000 6.268000% 6.268000%
A-5F 00253CFH5 1,000.000000 5.527500 0.000000 5.527500 1,000.000000 6.633000% 6.633000%
A-6F 00253CFJ1 1,000.000000 5.110833 0.000000 5.110833 1,000.000000 6.133000% 6.133000%
A-1A 00253CFK8 799.829612 3.867621 32.782825 36.650445 767.046787 5.440000% 5.528750%
A-2A 00253CFL6 1,000.000000 4.926667 0.000000 4.926667 1,000.000000 5.912000% 5.912000%
C 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: NationsBanc Montgomery Securities LLC 3 Park Plaza
RECORD DATE: July 30, 1999 Irvine, CA 92614
DISTRIBUTION DATE: August 16, 1999 FACTOR INFORMATION: (800) 735-7777
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Page 2 of 6 (C) COPYRIGHT 1999 Bankers Trust Company
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: August 16, 1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------
1 2 3+
DELINQUENT LOAN INFORMATION PAYMENT PAYMENTS PAYMENTS TOTAL
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
FIXED GROUP PRINCIPAL BALANCE 8,584,285.87 1,611,605.69 276,311.18 10,472,202.74
----------- PERCENTAGE OF POOL BALANCE 2.47699% 0.46503% 0.07973% 3.02175%
NUMBER OF LOANS 143 22 8 173
PERCENTAGE OF POOL LOANS 2.73527% 0.42081% 0.15302% 3.30910%
- -----------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 7,046,121.05 705,795.00 206,945.76 7,958,861.81
----------- PERCENTAGE OF POOL BALANCE 3.15844% 0.31637% 0.09276% 3.56758%
NUMBER OF LOANS 68 7 3 78
PERCENTAGE OF POOL LOANS 3.01151% 0.31001% 0.13286% 3.45438%
- -----------------------------------------------------------------------------------------------------------------------------
FORECLOSURE LOAN INFORMATION
- -----------------------------------------------------------------------------------------------------------------------------
FIXED GROUP PRINCIPAL BALANCE 267,730.83 2,608,830.87 15,953,966.08 18,830,527.78
----------- PERCENTAGE OF POOL BALANCE 0.07725% 0.75278% 4.60351% 5.43354%
NUMBER OF LOANS 3 48 270 321
PERCENTAGE OF POOL LOANS 0.05738% 0.91813% 5.16450% 6.14002%
- -----------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 49,325.61 1,066,879.93 15,285,431.64 16,401,637.18
----------- PERCENTAGE OF POOL BALANCE 0.02211% 0.47823% 6.85173% 7.35207%
NUMBER OF LOANS 1 15 167 183
PERCENTAGE OF POOL LOANS 0.04429% 0.66430% 7.39593% 8.10452%
- -----------------------------------------------------------------------------------------------------------------------------
REO LOAN INFORMATION
- -----------------------------------------------------------------------------------------------------------------------------
FIXED GROUP PRINCIPAL BALANCE 0.00 0.00 1,181,645.60 1,181,645.60
----------- PERCENTAGE OF POOL BALANCE 0.00000% 0.00000% 0.34096% 0.34096%
NUMBER OF LOANS 0 0 19 19
PERCENTAGE OF POOL LOANS 0.00000% 0.00000% 0.36343% 0.36343%
- -----------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 0.00 0.00 1,717,063.07 1,717,063.07
----------- PERCENTAGE OF POOL BALANCE 0.00000% 0.00000% 0.76968% 0.76968%
NUMBER OF LOANS 0 0 19 19
PERCENTAGE OF POOL LOANS 0.00000% 0.00000% 0.84145% 0.84145%
- -----------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY LOAN INFORMATION
- -----------------------------------------------------------------------------------------------------------------------------
FIXED GROUP PRINCIPAL BALANCE 0.00 55,143.88 742,470.61 797,614.49
----------- PERCENTAGE OF POOL BALANCE 0.00000% 0.01591% 0.21424% 0.23015%
NUMBER OF LOANS 0 1 12 13
PERCENTAGE OF POOL LOANS 0.00000% 0.01913% 0.22953% 0.24866%
- -----------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 271,850.76 322,212.60 251,562.50 845,625.86
----------- PERCENTAGE OF POOL BALANCE 0.12186% 0.14443% 0.11276% 0.37905%
NUMBER OF LOANS 2 3 5 10
PERCENTAGE OF POOL LOANS 0.08857% 0.13286% 0.22143% 0.44287%
- -----------------------------------------------------------------------------------------------------------------------------
TOTAL
- -----------------------------------------------------------------------------------------------------------------------------
FIXED GROUP PRINCIPAL BALANCE 8,852,016.70 4,275,580.44 18,154,393.47 31,281,990.61
----------- PERCENTAGE OF POOL BALANCE 2.55424% 1.23372% 5.23844% 9.02640%
NUMBER OF LOANS 146 71 309 526
PERCENTAGE OF POOL LOANS 2.79265% 1.35807% 5.91048% 10.06121%
- -----------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 7,367,297.42 2,094,887.53 17,461,002.97 26,923,187.92
----------- PERCENTAGE OF POOL BALANCE 3.30241% 0.93904% 7.82693% 12.06838%
NUMBER OF LOANS 71 25 194 290
PERCENTAGE OF POOL LOANS 3.14438% 1.10717% 8.59167% 12.84322%
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Page 3 of 6 (C) COPYRIGHT 1999 Bankers Trust Company
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: August 16, 1999
<TABLE>
<CAPTION>
COLLECTION ACCOUNT INFORMATION
- ---------------------------------------------------------------------------------------------------------------------------
SOURCES OF PRINCIPAL FIXED GROUP ADJ GROUP TOTAL
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SCHEDULED PRINCIPAL RECEIVED 495,200.95 146,645.37 641,846.32
PREPAYMENTS & CURTAILMENTS 6,930,344.32 5,231,856.69 12,162,201.01
REPURCHASES/SUBSTITUTIONS 0.00 0.00 0.00
NET LIQUIDATION PROCEEDS 314,279.55 0.00 314,279.55
INSURANCE PROCEEDS 0.00 0.00 0.00
OTHER PRINCIPAL 0.00 0.00 0.00
PREFUNDING ACCOUNT TERMINATION 0.00 0.00 0.00
LESS: REALIZED LOSSES (141,638.90) 0.00 (141,638.90)
TOTAL PRINCIPAL 7,598,185.92 5,378,502.06 12,976,687.98
- ---------------------------------------------------------------------------------------------------------------------------
SOURCES OF INTEREST
- ---------------------------------------------------------------------------------------------------------------------------
SCHEDULED INTEREST 2,939,940.07 1,858,547.54 4,798,487.61
REPURCHASES/SUBSTITUTIONS 0.00 0.00 0.00
LIQUIDATION PROCEEDS 2,881.73 0.00 2,881.73
INSURANCE PROCEEDS 0.00 0.00 0.00
OTHER INTEREST 0.00 0.00 0.00
LESS: DELINQUENT INTEREST (646,341.66) (441,382.03) (1,087,723.69
LESS: PPIS 0.00 0.00 0.00
LESS: PPIS CIVIL RELIEF SHORTFALL 0.00 0.00 0.00
LESS: CURRENT SERVICING FEES (117,786.00) (73,940.14) (191,726.14
LESS: REALIZED LOSSES 0.00 0.00 0.00
PLUS: COMPENSATING INTEREST 0.00 0.00 0.00
PLUS: INTEREST ADVANCED AMOUNT 616,502.31 420,127.48 1,036,629.79
PLUS: CAPITALIZED INTEREST AMOUNT 0.00 0.00 0.00
PLUS: CLOSING DATE DEPOSIT 0.00 0.00 0.00
TOTAL INTEREST 2,795,196.45 1,763,352.85 4,558,549.30
- ---------------------------------------------------------------------------------------------------------------------------
PERMITTED WITHDRAWALS
- ---------------------------------------------------------------------------------------------------------------------------
0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------------
TOTAL SOURCES
- ---------------------------------------------------------------------------------------------------------------------------
10,393,382.37 7,141,854.91 17,535,237.28
- ---------------------------------------------------------------------------------------------------------------------------
CAPITALIZED INTEREST DEPOSIT FOR CERTIFICATE ACCOUNT 0.00
PREFUNDING DEPOSIT FOR CERTIFICATE ACCOUNT 0.00
TOTAL REMITTANCE DUE 17,535,237.28
- ---------------------------------------------------------------------------------------------------------------------------
Page 4 of 6 (C) COPYRIGHT 1999 Bankers Trust Company
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: August 16, 1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------
SERVICING FEES FIXED GROUP ADJ GROUP TOTAL
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 147,625.35 95,194.69 242,820.04
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00 0.00 0.00
LESS: DELINQUENT SERVICE FEES: (29,839.36) (21,254.55) (51,093.91)
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 117,785.99 73,940.14 191,726.13
AMOUNT PER $1000 CERTIFICATE:
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
POOL INFORMATION FIXED GROUP ADJ GROUP TOTAL
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
PRIOR PRINCIPAL BALANCE OF POOL: 354,300,846.59 228,467,258.18 582,768,104.77
CURRENT PRINCIPAL BALANCE OF POOL: 346,561,021.77 223,088,756.12 569,649,777.89
GROUP FACTOR 88.86180% 85.80337% 87.63843%
PRIOR NUMBER OF LOANS: 5,331 2,308 7,639
CURRENT NUMBER OF LOANS: 5,228 2,258 7,486
NUMBER OF LOANS PURCHASED FROM Mortgage Replacement 0 0 0
CURRENT PRINCIPAL BAL. OF LOANS PURCHASED FROM MORT REPLACEMENT 0.00 0.00 0.00
NUMBER OF LOANS PAID IN FULL: 103 50 153
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 9.96720% 9.76182%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 9.96379% 9.72736%
WEIGHTED AVERAGE TERM TO MATURITY: 299 346
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
TRIGGER EVENTS FIXED GROUP ADJ GROUP
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
HAS A ROLLING LOSS RATE EVENT OCCURRED? NO NO
HAS A CUMULATIVE LOSS RATE EVENT OCCURRED? NO NO
HAS A DELINQUENCY RATE EVENT OCCURRED? NO NO
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
OVERCOLLATERALIZATION FIXED GROUP ADJ GROUP
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
EXTRA PRINCIPAL DISTRIBUTION AMOUNT 620,102.13 1,014,148.75
OVERCOLLATERALIZATION AMOUNT 10,335,000.00 8,514,632.67
TARGET OVERCOLLATERALIZATION AMOUNT 10,335,000.00 16,510,000.00
- ---------------------------------------------------------------------------------------------------------------------------
Page 5 of 6 (C) COPYRIGHT 1999 Bankers Trust Company
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: May 17, 1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------
ACCRUED CERTIFICATE INTEREST PRIOR CURRENT
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
CLASS A-1F 413,424.67 378,729.71
CLASS A-2F 403,975.92 403,975.92
CLASS A-3F 202,525.75 202,525.75
CLASS A-4F 376,602.33 376,602.33
CLASS A-5F 222,758.25 222,758.25
CLASS A-6F 199,322.50 199,322.50
CLASS A-1A 709,523.99 754,186.00
CLASS A-2A 320,233.33 320,233.33
CLASS C 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------------
INTEREST CARRY FORWARD AMOUNT PRIOR CURRENT
- ---------------------------------------------------------------------------------------------------------------------------
CLASS A-1F 0.00 0.00
CLASS A-2F 0.00 0.00
CLASS A-3F 0.00 0.00
CLASS A-4F 0.00 0.00
CLASS A-5F 0.00 0.00
CLASS A-6F 0.00 0.00
CLASS A-1A 0.00 0.00
CLASS A-2A 0.00 0.00
CLASS C 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
CERTIFICATE INSURER INFORMATION
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C>
MBIA PREMIUM PAID: 65,964.63
INSURED AMOUNTS: 0.00
UNPAID INSURED AMOUNTS AND INTEREST ON THE AMOUNTS: 0.00
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C>
SUPPLEMENTAL INTEREST AMOUNT (PAID) 0.00
SUPPLEMENTAL INTEREST AMOUNT (REMAINING UNPAID) 0.00
- ---------------------------------------------------------------------------------------------------------------------------
Page 6 of 6 (C) COPYRIGHT 1999 Bankers Trust Company
</TABLE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
AUGUST 16, 1999 DISTRIBUTION
CONTENTS
TABLE OF CONTENTS
-------------------------------------------------------
PAGE
1. Contents 1
2. Certificate Payment Report 2
3. Collection Account Report 6
4. Credit Enhancement Report 9
5. Collateral Report 10
6. Delinquency Report 13
7. REO Report 16
8. Prepayment Report 17
9. Prepayment Detail Report 20
10. Realized Loss Report 21
11. Realized Loss Detail Report 24
12. Triggers, Adj. Rate Cert. and
Miscellaneos Report 25
-----
Total Number of Pages 25
- -------------------------------------------------
CONTACTS
- -------------------------------------------------------
Administrator: David C. West
Direct Phone Number: (949)225-6376
Address: Bankers Trust Company of California, N.A.
3 Park Plaza 16th Floor, Irvine, CA 92614
Web Site: http://online.bankerstrust.com/invr/
Factor Information: (800) 735-7777
Main Phone Number: (949) 253-7575
- -------------------------------------------------------
ISSUANCE INFORMATION
<TABLE>
<CAPTION>
<S> <C>
Seller: Aames Capital Corporation Cut-Off Date: July 1, 1999
Certificate Insurer: Financial Security Assurance Inc. Closing Date: August 5, 1999
Servicer(s): Aames Capital Corporation Master Servicer First Payment Date: August 16, 1999
Fairbanks Capital Corp.
Underwriter(s): Lehman Brothers Securities Corporation Lead Underwriter Distribution Date: August 16, 1999
Banc Of America Securities LLC Co-Lead Underwriter Record Date: August 13, 1999
Greenwich Capital Markets, Inc. Co-Lead Underwriter July 30, 1999
</TABLE>
Page 1 of 25
(C) COPYRIGHT 1999 Bankers Trust Company
<PAGE>
Aames Mortgage Trust 1999-1
Mortgage Pass-Through Certificates
Remic I Series 1999-1
Certificate Payment Report for August 16, 1999 Distribution
<TABLE>
<CAPTION>
Distribution in Dollars - Current Period
Prior Current
Class Original Principal Total Realized Deferred Principal
Class Type Face Value Balance Interest Principal Distribution Losses Interest Balance
(1) (2) (3) (4)=(2)+(3) (5) (6) (7)=(1)-(3)-(5)+(6)
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
LT-AF 19,123.50 19,123.50 116.18 38.50 154.68 - - 19,085.00
LT-MF 196,688,617.88 196,688,617.88 1,497,569.87 49,000.89 1,546,570.76 - 33.60 196,639,650.59
LT-AV 20,203.50 20,203.50 34.62 106.29 140.91 - - 20,097.21
LT-MV 203,337,098.17 203,337,098.17 1,386,707.76 22,322.02 1,409,029.78 - 104.06 203,314,880.21
P 100.00 100.00 - - - - - 100.00
R-I - - - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------
Total 400,065,143.05 400,065,143.05 2,884,428.43 71,467.70 2,955,896.13 - 137.66 399,993,813.01
</TABLE>
<TABLE>
<CAPTION>
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face
Orig. Principal Prior Current
Period Period (with Notional) Principal Total Principal
Class Starting Ending Method Cusip Balance Balance Interest Principal Distribution Balance
(1) (2) (3) (4)=(2)+(3) (5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LT-AF F-30/3 19,123.50 1,000.000000 6.075248 2.013230 8.088478 997.986770
LT-MF F-30/3 196,688,617.88 1,000.000000 7.613912 0.249129 7.863041 999.751042
LT-AV 08/05/99 08/15/99 A-Act/ 20,203.50 1,000.000000 1.713555 5.260970 6.974524 994.739030
LT-MV F-30/3 203,337,098.17 1,000.000000 6.819748 0.109778 6.929526 999.890733
P - 100.00 1,000.000000 - - - 1,000.000000
R-I - - - - - - -
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
C) COPYRIGHT 1999 Bankers Trust Company
Page 2 of 25
<PAGE>
Aames Mortgage Trust 1999-1
Mortgage Pass-Through Certificates
Remic I Series 1999-1
Certificate Payment Report for August 16, 1999 Distribution
Distribution in Dollars - to Date
<TABLE>
<CAPTION>
Current
Original Unscheduled Scheduled Total Total Realized Deferred Principal
Class Face Value Interest Principal Principal Principal Distribution Losses Interest Balance
(1) (2) (3) (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8) (9)=(1)-(5)-(7)+(8)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LT-AF 19,123.50 116.18 9.74 28.76 38.50 154.68 - - 19,085.00
LT-MF 196,688,617.88 1,497,569.87 - 49,000.89 49,000.89 1,546,570.76 - 33.60 196,639,650.59
LT-AV 20,203.50 34.62 87.33 18.96 106.29 140.91 - - 20,097.21
LT-MV 203,337,098.17 1,386,707.77 - 22,322.02 22,322.02 1,409,029.78 - 104.06 203,314,880.21
P 100.00 - - - - - - - 100.00
R-I - - - - - - - - -
- ----------------------------------------------------------------------------------------------------------------------------------
Total 400,065,143.05 2,884,428.43 97.07 71,370.63 71,467.70 2,955,896.13 - 137.66 399,993,813.01
</TABLE>
<TABLE>
<CAPTION>
Interest Detail
Pass- Prior Principal Non- Prior Unscheduled Paid or Current
Through (with Notional) Accrued Supported Unpaid Interest Optimal Deferred Unpaid
Class Rate Balance Interest Interest SF Interest Adjustments Interest Interest Interest
(1) (2) (3) (4) (5)=(1)-(2)+(3 (6) (7)=(5)-(6)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LT-AF 7.29000% 19,123.50 116.18 - - - 116.18 116.18 -
LT-MF 9.13672% 196,688,617.88 1,497,569.87 - - - 1,497,569.87 1,497,603.47 -
LT-AV 5.60875% 20,203.50 34.62 - - - 34.62 34.62 -
LT-MV 8.18370% 203,337,098.17 1,386,707.76 - - - 1,386,707.76 1,386,811.82 -
P 100.00 - - - - - - -
R-I - - - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
Total 400,065,143.05 2,884,428.43 - - - 2,884,428.43 2,884,566.09 -
</TABLE>
(C) COPYRIGHT 1999 Bankers Trust Company
Page 3 of 25
<PAGE>
Aames Mortgage Trust 1999-1
Mortgage Pass-Through Certificates
Remic II Series 1999-1
Certificate Payment Report for August 16, 1999 Distribution
Distribution in Dollars - Current Period
<TABLE>
<CAPTION>
Prior Current
Class Original Principal Total Realized Deferred Principal
Class Type Face Value Balance Interest Principal Distribution Losses Interest Balance
(1) (2) (3) (4)=(2)+(3) (5) (6) (7)=(1)-(3)-(5)+(6)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-F STEP 191,235,000.00 191,235,000.00 1,161,752.63 384,972.81 1,546,725.44 - - 190,850,027.19
A-V STEP 202,035,000.00 202,035,000.00 346,244.50 1,062,926.19 1,409,170.69 - - 200,972,073.81
C 6,795,043.05 6,795,043.05 - - - - 1,407,908.08 8,202,951.13
R-II - - - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
Total 400,065,043.05 400,065,043.05 1,507,997.13 1,447,899.00 2,955,896.13 - 1,407,908.08 400,025,052.13
</TABLE>
<TABLE>
<CAPTION>
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face
Orig. Principal Prior Current
Period Period (with Notional) Principal Total Principal
Class Starting Ending Method Cusip Balance Balance Interest Principal Distribution Balance
(1) (2) (3) (4)=(2)+(3) (5)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-F F-30/3 00253CFM4 191,235,000.00 1,000.000000 6.075000 2.013088 8.088088 997.986912
A-V 08/05/99 08/15/99 A-Act/ 00253CFN2 202,035,000.00 1,000.000000 1.713785 5.261099 6.974884 994.738901
C - 6,795,043.05 1,000.000000 - - - 1,207.196344
R-II - - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
Note: Adjustable Rate Certificates have a record date that is one business day prior to distribution
</TABLE>
(C) COPYRIGHT 1999 Bankers Trust Company
Page 4 of 25
<PAGE>
Aames Mortgage Trust 1999-1
Mortgage Pass-Through Certificates
Remic II Series 1999-1
Certificate Payment Report for August 16, 1999 Distribution
<TABLE>
<CAPTION>
Distribution in Dollars - to Date
Current
Original Unscheduled Scheduled Total Total Realized Deferred Principal
Class Face Value Interest Principal Principal Principal Distribution Losses Interest Balance
(1) (2) (3) (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8) (9)=(1)-(5)-(7)+(8)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-F 191,235,000.00 1,161,752.63 97,365.93 287,606.88 384,972.81 1,546,725.44 - - 190,850,027.19
A-V 202,035,000.00 346,244.50 873,286.42 189,639.77 1,062,926.19 1,409,170.69 - - 200,972,073.81
C 6,795,043.05 - - - - - - 1,407,908.08 8,202,951.13
R-II - - - - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
Total 400,065,043.05 1,507,997.13 970,652.35 477,246.65 1,447,899.00 2,955,896.13 - 1,407,908.08 400,025,052.13
</TABLE>
<TABLE>
<CAPTION>
Interest Detail
Pass- Prior Principal Non- Prior Unscheduled Paid or Current
Through (with Notional) Accrued Supported Unpaid Interest Optimal Deferred Unpaid
Class Rate Balance Interest Interest SF Interest Adjustments Interest Interest Interest
(1) (2) (3) (4) (5)=(1)-(2)+(3 (6) (7)=(5)-(6)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-F 7.29000% 191,235,000.00 1,161,752.63 - - - 1,161,752.63 1,161,752.63 -
A-V 5.60875% 202,035,000.00 346,244.50 - - - 346,244.50 346,244.50 -
C 6,795,043.05 - - - - - 1,407,908.08 -
R-II - - - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
Total 400,065,043.05 1,507,997.13 - - - 1,507,997.13 2,915,905.21 -
</TABLE>
Page 5 of 25
(C) COPYRIGHT 1999 Bankers Trust Company
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR AUGUST 16, 1999 DISTRIBUTION
Collection Account Report
<TABLE>
<CAPTION>
SUMMARY ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Principal Collections 22,324.25 49,005.79 71,330.04
Principal Withdrawals 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00
TOTAL NET PRINCIPAL 22,324.25 49,005.79 71,330.04
Interest Collections 1,382,191.75 1,617,192.22 2,999,383.97
Interest Withdrawals 0.00 0.00 0.00
Interest Other Accounts 111,286.66 0.00 111,286.66
Interest Fees (106,631.97) (119,472.57) (226,104.54)
TOTAL NET INTEREST 1,386,846.44 1,497,719.65 2,884,566.09
TOTAL AVAILABLE FUNDS TO BONDHOLDERS 1,409,170.69 1,546,725.44 2,955,896.13
TOTAL REMITANCE DUE FROM SERVICER 1,454,473.22 1,591,301.06 3,045,774.28
- -------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - COLLECTIONS ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------
Scheduled Principal 97,967.11 189,639.77 287,606.88
Curtailments (75,642.86) (158,587.56) (234,230.42)
Prepayments in Full 0.00 17,953.58 17,953.58
Repurchases/Substitutions 0.00 0.00 0.00
Liquidations 0.00 0.00 0.00
Insurance Principal 0.00 0.00 0.00
Other Additional Principal 0.00 0.00 0.00
Delinquent Principal 0.00 0.00 0.00
Realized Losses 0.00 0.00 0.00
Mortgage Replacement Amount 0.00 0.00 0.00
TOTAL PRINCIPAL COLLECTED 22,324.25 49,005.79 71,330.04
</TABLE>
(C) COPYRIGHT 1999 Bankers Trust Company
Page 6 of 25
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR AUGUST 16, 1999 DISTRIBUTION
Collection Account Report
<TABLE>
<CAPTION>
PRINCIPAL - WITHDRAWALS ADJUSTABLE FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
- --------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - OTHER ACCOUNTS ADJUSTABLE FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------
Prefunded Release Amount 0.00 0.00 0.00
TOTAL OTHER ACCOUNTS PRINCIPAL 0.00 0.00 0.00
- --------------------------------------------------------------------------------------------------------------------------
INTEREST - COLLECTIONS ADJUSTABLE FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------
Scheduled Interest 1,225,462.90 1,513,916.94 2,739,379.84
Repurchases/Substitutions 0.00 0.00 0.00
Liquidations 0.00 0.00 0.00
Insurance Interest 0.00 0.00 0.00
Other Additional Interest 0.00 0.00 0.00
Prepayment Interest Shortfalls 0.00 0.00 0.00
Delinquent Interest (151,077.71) (160,465.74) (311,543.45)
Realized Losses 0.00 0.00 0.00
Compensating Interest 0.00 0.00 0.00
Other Interest Shortfall (Relief Act) 0.00 0.00 0.00
Interest Advanced 144,340.85 153,401.13 297,741.98
Closing Date Deposits 163,465.71 110,339.89 273,805.60
Insurer Interest to Cover PPIS 0.00 0.00 0.00
TOTAL INTEREST COLLECTED 1,382,191.75 1,617,192.22 2,999,383.97
</TABLE>
(C) COPYRIGHT 1999 Bankers Trust Company
Page 7 of 25
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR AUGUST 16, 1999 DISTRIBUTION
Collection Account Report
<TABLE>
<CAPTION>
INTEREST - WITHDRAWALS ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Unpaid Servicing Fees 0.00 0.00 0.00
Advances Reimbursed 0.00 0.00 0.00
TOTAL INTEREST WITHDRAWLS 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------
INTEREST - OTHER ACCOUNTS ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------
Capitialized Interest Requirement 111,286.66 0.00 111,286.66
TOTAL OTHER ACCOUNT INTEREST 111,286.66 0.00 111,286.66
- ----------------------------------------------------------------------------------------------------------------------
INTEREST - FEES ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------
Current Servicing Fees 61,329.44 74,896.95 136,226.39
Back Up Servicing Fees 3,403.31 4,098.08 7,501.39
Certificate Insurance Premiums 38,723.38 36,653.38 75,376.76
Trustee Fees 3,175.84 3,824.16 7,000.00
TOTAL INTEREST OTHER FEES 106,631.97 119,472.57 226,104.54
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
(C) COPYRIGHT 1999 Bankers Trust Company
Page 8 of 25
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
CREDIT ENHANCEMENT REPORT FOR AUGUST 16, 1999 DISTRIBUTION
Credit Enhancement Report
<TABLE>
<CAPTION>
ACCOUNTS ADJUSTABLE FIXED TOTAL
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
- ------------------------------------------------------------------------------------------------------------
INSURANCE ADJUSTABLE FIXED TOTAL
- ------------------------------------------------------------------------------------------------------------
Insurance Premium Due 38,723.38 36,653.38 75,376.76
Insurance Premium Paid 38,723.38 36,653.38 75,376.76
Reimbursements to Certificate Insurer 0.00 0.00 0.00
Insured Payments Made By Certiifcate Insurer 0.00 0.00 0.00
Insurance Premiums Due but not Paid 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------
STRUCTURAL FEATURES ADJUSTABLE FIXED TOTAL
- ------------------------------------------------------------------------------------------------------------
Extra Principal Distribution Amt 1,040,601.94 335,967.02 1,376,568.96
Overcollateralization Amount 2,362,903.61 5,808,708.40 8,171,612.01
Targeted Overcollateralization Amt 11,489,687.54 10,818,925.78 22,308,613.32
Overcollateralization Release Amount 0.00 0.00 0.00
Overcollateralization Defficiency Amt 10,167,385.87 5,346,184.40 15,513,570.27
- ------------------------------------------------------------------------------------------------------------
</TABLE>
(C) COPYRIGHT 1999 Bankers Trust Company
Page 9 of 25
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR AUGUST 16, 1999 DISTRIBUTION
Collateral Report
<TABLE>
<CAPTION>
COLLATERAL ADJUSTABLE FIXED TOTAL
- ---------------------------------------------------------------------------------------------------------------
Loan Count:
<S> <C> <C> <C>
ORIGINAL 1786 3011 4797
Prior - - -
Prefunding - - -
Scheduled Paid Offs - - -
Full Voluntary Prepayments - (1) (1)
Repurchases - - -
Liquidations - - -
-----------------------------------------------------------------------------------------------------------
Current 1,786 3,010 4,796
PRINCIPAL BALANCE:
Original 163,359,100.25 196,707,741.38 360,066,841.63
Prior - - -
Prefunding - - -
Scheduled Principal (97,967.11) (189,639.77) (287,606.88)
Partial and Full Voluntary Prepayments 75,642.86 140,633.98 216,276.84
Repurchases - - -
-----------------------------------------------------------------------------------------------------------
Liquidations - - -
Current 163,336,776.00 196,658,735.59 359,995,511.59
- ---------------------------------------------------------------------------------------------------------------
PREFUNDING ADJUSTABLE FIXED TOTAL
- ---------------------------------------------------------------------------------------------------------------
Prefunding Beginning Balance 39,998,201.42 0.00
Balance of Subsequent Loans Transfered 0.00 0.00
Prefunded Amount Dispursed To Offered Certificates 0.00 0.00
Prefunding Ending Balance 39,998,201.42 0.00
Capitalized Interest Beginning Balance 161,573.25 0.00
Capitalized Interest Requirement 111,286.66 0.00
Capitalized Interest Released to Seller 0.00 0.00
Capitalized Interest Ending Balance 50,286.59 0.00
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
Fixed
Adjustable
CURRENT PRIN BALANCE BY GROUPS (IN MILLIONS OF DOLLARS)
[GRAPHIC]
TOTAL CURRENT PRINCIPAL BALANCE (IN MILLIONS OF DOLLARS)
[GRAPHIC]
(C) COPYRIGHT 1999 Bankers Trust Company
Page 10 of 25
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR AUGUST 16, 1999 DISTRIBUTION
Collateral Report
<TABLE>
<CAPTION>
CHARACTERISTICS ADJUSTABLE FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Weighted Average Coupon Original 10.202764% 9.908650% 10.042087%
Weighted Average Coupon Prior
Weighted Average Coupon Current 10.202764% 9.908650% 10.042087%
-------------------------------------------------------------------------------------------------------------
Weighted Average Months to Maturity Original 354 316 333
Weighted Average Months to Maturity Prior - - -
Weighted Average Months to Maturity Current 354 316 333
-------------------------------------------------------------------------------------------------------------
Weighted Avg Remaining Amortization Term Original 355 316 334
Weighted Avg Remaining Amortization Term Prior - - -
Weighted Avg Remaining Amortization Term Current 355 316 334
-------------------------------------------------------------------------------------------------------------
Weighted Average Seasoning Original 3.10 3.06 3.08
Weighted Average Seasoning Prior - - -
Weighted Average Seasoning Current 3.10 3.06 3.08
- -----------------------------------------------------------------------------------------------------------------
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
</TABLE>
Fixed
Adjustable
WAC BY GROUPS
[GRAPHIC]
TOTAL WAC
[GRAPHIC]
WARAT BY GROUPS
[GRAPHIC]
TOTAL WARAT
[GRAPHIC]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
(C) COPYRIGHT 1999 Bankers Trust Company
Page 11 of 25
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR AUGUST 16, 1999 DISTRIBUTION
Collateral Report
<TABLE>
<CAPTION>
ARM CHARACTERISTICS ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Weighted Average Margin Original 5.948%
Weighted Average Margin Prior
Weighted Average Margin Current 5.948%
---------------------------------------------------------------------------------------------------------
Weighted Average Max Rate Original 16.953%
Weighted Average Max Rate Prior
Weighted Average Max Rate Current 16.953%
---------------------------------------------------------------------------------------------------------
Weighted Average Min Rate Original 10.160%
Weighted Average Min Rate Prior
Weighted Average Min Rate Current 10.160%
---------------------------------------------------------------------------------------------------------
Weighted Average Cap Up Original 2.735%
Weighted Average Cap Up Prior
Weighted Average Cap Up Current 2.735%
---------------------------------------------------------------------------------------------------------
Weighted Average Cap Down Original 2.735%
Weighted Average Cap Down Prior
Weighted Average Cap Down Current 2.735%
- -------------------------------------------------------------------------------------------------------------
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
SERVICING FEES / ADVANCES ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------
Current Servicing Fees 61,329.44 74,896.95 136,226.39
Delinquent Servicing Fees 6,736.86 7,064.61 13,801.47
TOTAL SERVICING FEES 68,066.30 81,961.56 150,027.86
Total Servicing Fees 68,066.30 81,961.56 150,027.86
Compensating Interest 0.00 0.00 0.00
Delinquent Servicing Fees (6,736.86) (7,064.61) (13,801.47)
COLLECTED SERVICING FEES 61,329.44 74,896.95 136,226.39
Prepayment Interest Shortfall 0.00 0.00 0.00
Total Advanced Interest 144,340.85 153,401.13 297,741.98
- -------------------------------------------------------------------------------------------------------------
ADDITIONAL COLLATERAL INFORMATION ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------
SPACE INTENTIONALLY LEFT BLANK
- --------------------------------------------------------------------------------------------------------------
</TABLE>
(C) COPYRIGHT 1999 Bankers Trust Company
Page 12 of 25
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR AUGUST 16, 1999 DISTRIBUTION
Delinquency Report - Total
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 7,939,180.31 69,953.02 - 8,009,133.33
% Balance 2.21% 0.02% 0.00% 2.22%
# Loans 121 2 - 123
% # Loans 2.52% 0.04% 0.00% 2.56%
- --------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
- --------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 123,611.19 - - - 123,611.19
% Balance 0.03% 0.00% 0.00% 0.00% 0.03%
# Loans 1 - - - 1
% # Loans 0.02% 0.00% 0.00% 0.00% 0.02%
- --------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 123,611.19 7,939,180.31 69,953.02 - 8,132,744.52
% Balance 0.03% 2.21% 0.02% 0.00% 2.26%
# Loans 1 121 2 - 124
% # Loans 0.02% 2.52% 0.04% 0.00% 2.59%
- --------------------------------------------------------------------------------------------------------------------------------
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+ PAYMENTS = 90+
</TABLE>
6 MONTHS MOVING AVERAGE
1 OR 2 PAYMENTS DELINQUENT
[GRAPHIC]
3 OR MORE PAYMENTS DELINQUENT
[GRAPHIC]
TOTAL FORECLOSURE
[GRAPHIC]
TOTAL BANKRUPTCY AND REO
[GRAPHIC]
Note: Dates correspond to distribution dates.
(C) COPYRIGHT 1999 Bankers Trust Company
Page 13 of 25
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR AUGUST 16, 1999 DISTRIBUTION
Delinquency Report - Fixed Group
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 3,914,028.28 69,953.02 - 3,983,981.30
% Balance 1.99% 0.04% 0.00% 2.03%
# Loans 73 2 - 75
% # Loans 2.43% 0.07% 0.00% 2.49%
- ------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
- ------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
- ------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance - 3,914,028.28 69,953.02 - 3,983,981.30
% Balance 0.00% 1.99% 0.04% 0.00% 2.03%
# Loans - 73 2 - 75
% # Loans 0.00% 2.43% 0.07% 0.00% 2.49%
- ------------------------------------------------------------------------------------------------------------------------------
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+ PAYMENTS = 90+
</TABLE>
6 MONTHS MOVING AVERAGE
1 OR 2 PAYMENTS DELINQUENT
[GRAPHIC]
3 OR MORE PAYMENTS DELINQUENT
[GRAPHIC]
TOTAL FORECLOSURE
[GRAPHIC]
TOTAL BANKRUPTCY AND REO
[GRAPHIC]
Note: Dates correspond to distribution dates.
(C) COPYRIGHT 1999 Bankers Trust Company
Page 14 of 25
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR AUGUST 16, 1999 DISTRIBUTION
Delinquency Report - Adjustable Group
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 4,025,152.03 - - 4,025,152.03
% Balance 2.46% 0.00% 0.00% 2.46%
# Loans 48 - - 48
% # Loans 2.69% 0.00% 0.00% 2.69%
- --------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 123,611.19 - - - 123,611.19
% Balance 0.08% 0.00% 0.00% 0.00% 0.08%
# Loans 1 - - - 1
% # Loans 0.06% 0.00% 0.00% 0.00% 0.06%
- --------------------------------------------------------------------------------------------------------------------------
REO Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 123,611.19 4,025,152.03 - - 4,148,763.22
% Balance 0.08% 2.46% 0.00% 0.00% 2.54%
# Loans 1 48 - - 49
% # Loans 0.06% 2.69% 0.00% 0.00% 2.74%
- --------------------------------------------------------------------------------------------------------------------------
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+ PAYMENTS = 90+
</TABLE>
6 MONTHS MOVING AVERAGE
1 OR 2 PAYMENTS DELINQUENT
[GRAPHIC]
3 OR MORE PAYMENTS DELINQUENT
[GRAPHIC]
TOTAL FORECLOSURE
[GRAPHIC]
TOTAL BANKRUPTCY AND REO
[GRAPHIC]
Note: Dates correspond to distribution dates.
(C) COPYRIGHT 1999 Bankers Trust Company
Page 15 of 25
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REO REPORT FOR AUGUST 16, 1999 DISTRIBUTION
REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY
Total Loan Count = 0
Total Original Principal Balance = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00
LOAN GROUP
Loan Group 1 = Fixed Group; REO Book Value = 000.00
Loan Group 2 = Adjustable Group; REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that
become REO during current distribution.
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Stated Current State &
& Principal Principal Paid to Note LTV at Original Origination
Loan Group Balance Balance Date Rate Origination Term Date
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(C) COPYRIGHT 1999 Bankers Trust Company
Page 16 of 25
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR AUGUST 16, 1999 DISTRIBUTION
Prepayment Report - Voluntary Prepayments
<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENTS ADJUSTABLE FIXED TOTAL
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
CURRENT
Number of Paid in Full Loans - 1 1
Number of Repurchased Loans - - -
--------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full - 1 1
Paid in Full Balance - 17,953.58 17,953.58
Repurchased Loans Balance - - -
Curtailments Amount (75,642.86) (158,587.56) (234,230.42)
--------------------------------------------------------------------------------------------------------
Total Prepayment Amount (75,642.86) (140,633.98) (216,276.84)
CUMULATIVE
Number of Paid in Full Loans - 1 1
Number of Repurchased Loans - - -
--------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full - 1 1
Paid in Full Balance - 17,953.58 17,953.58
Repurchased Loans Balance - - -
Curtailments Amount (75,642.86) (158,587.56) (234,230.42)
--------------------------------------------------------------------------------------------------------
Total Prepayment Amount (75,642.86) (140,633.98) (216,276.84)
SPACE INTENTIONALLY LEFT BLANK
- ------------------------------------------------------------------------------------------------------------
</TABLE>
TOTAL PREPAYMENTS BY GROUPS (IN THOUSANDS OF DOLLARS)
[GRAPHIC]
TOTAL PREPAYMENTS (IN THOUSANDS OF DOLLARS)
[GRAPHIC]
(C) COPYRIGHT 1999 Bankers Trust Company
Page 17 of 25
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR AUGUST 16, 1999 DISTRIBUTION
Prepayment Report - Voluntary Prepayments
<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES ADJUSTABLE FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SMM 0.00% 0.00% 0.00%
3 Months Avg SMM
12 Months Avg SMM
Avg SMM Since Cut-off 0.00% 0.00% 0.00%
CPR 0.00% 0.00% 0.00%
3 Months Avg CPR
12 Months Avg CPR
Avg CPR Since Cut-off 0.00% 0.00% 0.00%
PSA 0.00% 0.00% 0.00%
3 Months Avg PSA Approximation
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 0.00% 0.00% 0.00%
- -----------------------------------------------------------------------------------------------------------
</TABLE>
Fixed
Adjustable
CPR BY GROUPS
[GRAPHIC]
TOTAL CPR
[GRAPHIC]
PSA BY GROUPS
[GRAPHIC]
TOTAL PSA
[GRAPHIC]
(C) COPYRIGHT 1999 Bankers Trust Company
Page 18 of 25
<PAGE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR AUGUST 16, 1999 DISTRIBUTION
Prepayment Report - Voluntary Prepayments
Fixed
Adjustable
CPR AVG SINCE CUT-OFF BY GROUPS
[GRAPHIC]
TOTAL CPR AVG SINCE CUT-OFF
[GRAPHIC]
PSA AVG SINCE CUT-OFF BY GROUPS
[GRAPHIC]
TOTAL PSA AVG SINCE CUT-OFF
[GRAPHIC]
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.
- --------------------------------------------------------------------------------
(C) COPYRIGHT 1999 Bankers Trust Company
Page 19 of 25
<PAGE>
<TABLE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR AUGUST 16, 1999 DISTRIBUTION
- ------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
SUMMARY LOAN GROUP
- -------------------------------------------------------- -------------------------------------------------------------
Total Loan Count = 1 Loan Group 1 = Fixed Group
Total Original Principal Balance = 18,000.00 Loan Group 2 = Adjustable Group
Total Prepayment Amount = 17,953.58
- -------------------------------------------------------- -------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Current State & Type Prepayment
& Loan Principal Prepayment Prepayment Note LTV at & Origination
Loan Group Status Balance Amount Date Rate Origination Original Term Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
7221789 1 18,000.00 17,953.58 Jul-31-99 10.750% PA - 90.00% Paid Off - 240 Mar-29-99
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(C) COPYRIGHT 1999 Bankers Trust Company
Page 20 of 25
<PAGE>
<TABLE>
<CAPTION>
[BANKERS TRUST LOGO OMITTED] AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR AUGUST 16, 1999 DISTRIBUTION
- ------------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REALIZED LOSSES ADJUSTABLE FIXED TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
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.
Loss Percentage 0.0000% 0.0000%
Annualized Loss Percentage 0.0000% 0.0000%
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Fixed 3 Months Moving Average
Adjustable
COLLATERAL LOSS SEVERITY APPROXIMATION BY GROUPS
[GRAPHIC]
COLLATERAL LOSS SEVERITY APPROXIMATION
[GRAPHIC]
(C) COPYRIGHT 1999 Bankers Trust Company
Page 21 of 25
<PAGE>
<TABLE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR AUGUST 16, 1999 DISTRIBUTION
- --------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- --------------------------------------------------------------------------------------------------
<CAPTION>
DEFAULT SPEEDS ADJUSTABLE FIXED TOTAL
- ------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
MDR 0.00% 0.00% 0.00%
3 Months Avg MDR
12 Months Avg MDR
Avg MDR Since Cut-off 0.00% 0.00% 0.00%
CDR 0.00% 0.00% 0.00%
3 Months Avg CDR
12 Months Avg CDR
Avg CDR Since Cut-off 0.00% 0.00% 0.00%
SDA 0.00% 0.00% 0.00%
3 Months Avg SDA Approximation
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation 0.00% 0.00% 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
</TABLE>
- --------------------------------------------------------------------------------
Fixed
Adjustable
CDR BY GROUPS
[GRAPHIC]
TOTAL CDR
[GRAPHIC]
SDA BY GROUPS
[GRAPHIC]
TOTAL SDA
[GRAPHIC]
(C) COPYRIGHT 1999 Bankers Trust Company
Page 22 of 25
<PAGE>
<TABLE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR AUGUST 16, 1999 DISTRIBUTION
- --------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- --------------------------------------------------------------------------------
<CAPTION>
Fixed
Adjustable
CDR AVG SINCE CUT-OFF BY GROUPS TOTAL CDR AVG SINCE CUT-OFF
<S> <C>
[GRAPHIC] [GRAPHIC]
SDA AVG SINCE CUT-OFF BY GROUPS TOTAL SDA AVG SINCE CUT-OFF
<S> <C>
[GRAPHIC] [GRAPHIC]
</TABLE>
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.
- --------------------------------------------------------------------------------
(C) COPYRIGHT 1999 Bankers Trust Company
Page 23 of 25
<PAGE>
<TABLE>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
Realized Loss Detail Report for August 16, 1999 Distribution
- ------------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS DETAIL REPORT - LOANS LIQUIDATED DURING CURRENT DISTRIBUTION
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
AAMES MORTGAGE TRUST 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS DETAIL REPORT FOR AUGUST 16, 1999 DISTRIBUTION
- ------------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS DETAIL REPORT - LOANS LIQUIDATED DURING CURRENT DISTRIBUTION
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
- -------------------------------------------------------- ------------------------------------------------------------
Total Loan Count = 0 Loan Group 1 = Fixed Group
Total Original Principal Balance = 0.00 Loan Group 2 = Adjustable Group
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
- -------------------------------------------------------- ------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Prior Current State &
& Loan Principal Principal Realized Note LTV at Original Origination
Loan Group Status Balance Balance Loss/(Gain) Rate Origination Term Date
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(C) COPYRIGHT 1999 Bankers Trust Company
Page 24 of 25
<PAGE>
<TABLE>
Aames Mortgage Trust 1999-1
Mortgage Pass-Through Certificates
Triggers, Adj. Rate Cert. and Miscellaneous Report for August 16, 1999 Distribution
- ------------------------------------------------------------------------------------------------------------------------------------
Triggers, Adj. Rate Cert. and Miscellaneous Report
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
TRIGGER EVENTS ADJUSTABLE FIXED TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Step Down Cumulative Loss Test No No No
Step Down Rolling Delinquency Test Yes Yes Yes
Step Down Rolling Loss Test Yes Yes Yes
Step Down Tigger No No No
Step Up Cumulative Loss Test No No No
Step Up Rolling Delinquency Test No No No
Step Up Rolling Loss Test No No No
Step Up Tigger No No No
Step Up Spread Squeeze Test No No No
Spread Squeeze Condition No No No
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
ADJUSTABLE RATE CERTIFICATE INFORMATION ADJUSTABLE FIXED TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
ADDITIONAL INFORMATION ADJUSTABLE FIXED TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Supplamental Interest Amounts 0.00 0.00 0.00
Supplamental Interest Amounts Unpaid 0.00 0.00 0.00
</TABLE>
- --------------------------------------------------------------------------------
(C) COPYRIGHT 1999 Bankers Trust Company
Page 25 of 25
