|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: FIRST TRUST SPECIAL SITUATION TRUST SERIES 90, 485BPOS, 1996-05-30 |
Next: PUTNAM ASSET ALLOCATION FUNDS, NSAR-A, 1996-05-30 |
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)
MAY 15, 1996
AAMES CAPITAL CORPORATION
----------------------------------
(Exact name of Registrant as specified in its charter)
California 33-99458 95-4438859
- - ---------- -------- ----------
(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file number) identification no.)
AAMES CAPITAL CORPORATION
3731 WILSHIRE BOULEVARD, 10TH FLOOR
LOS ANGELES, CALIFORNIA 90010
- - ----------------------------------- ----------
(Address of principal executive offices) (ZIP Code)
(213) 351-6100
------------------------------------------------
Registrant's telephone number, including area code
No Change
--------------------------------------------------
(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 1996-A - 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
/s/ Mark E. Elbaum
By:-------------------------
Mark E. Elbaum
Senior Vice President - Finance
Dated: May 24 1996
<PAGE>
INDEX TO EXHIBITS
Sequential
Exhibit Page Number
- - ------- -----------
20.1 Aames Capital Corporation, Mortgage Pass-Through 5 - 9
Certificates, Series 1996-A - Statement to
Certificateholders
EXHIBIT 20.1
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-A
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
<TABLE>
<CAPTION>
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-1A 40,586,000.00 39,962,645.69 208,971.33 1,175,666.37 1,384,637.70 0.00 0.00 38,786,979.32
A-1B 29,090,000.00 29,090,000.00 163,025.21 0.00 163,025.21 0.00 0.00 29,090,000.00
A-1C 15,977,000.00 15,977,000.00 93,532.02 0.00 93,532.02 0.00 0.00 15,977,000.00
A-1D 14,347,000.00 14,347,000.00 91,940.36 0.00 91,940.36 0.00 0.00 14,347,000.00
A-2 100,000,000.00 98,996,857.17 484,672.11 1,710,580.47 2,195,252.58 0.00 0.00 97,286,276.70
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 200,000,000.00 198,373,502.86 1,042,141.04 2,886,246.84 3,928,387.88 0.00 0.00 195,487,256.02
</TABLE>
<TABLE>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
<CAPTION>
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
_____ ----- --------- -------- --------- ----- --------- ------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1A 00253CBE6 984.641149 5.148853 28.967288 34.116141 955.673861 6.275000% 6.275000%
A-1B 00253CBF3 1,000.000000 5.604167 0.000000 5.604167 1,000.000000 6.725000% 6.725000%
A-1C 00253CBG1 1,000.000000 5.854167 0.000000 5.854167 1,000.000000 7.025000% 7.025000%
A-1D 00253CBH9 1,000.000000 6.408333 0.000000 6.408333 1,000.000000 7.690000% 7.690000%
A-2 00253CBJ5 989.968572 4.846721 17.105805 21.952526 972.862767 5.875000% 5.812500%
R AA960A101 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
SELLER: Aames Capital Corporation ADMINISTRATOR: Whitney Knox
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities Incorporated 3 Park Plaza
RECORD DATE: April 30, 1996 Irvine, CA 92714
DISTRIBUTION DATE: May 15, 1996 FACTOR INFORMATION: (800) 735-7777
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-A
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: May 15, 1996
<TABLE>
<S> <C> <C>
SERVICER ADVANCES: 512,805.03
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 83,713.67
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
---------
TOTAL SERVICING FEES DUE MASTER SERVICER: 83,713.67
LESS:_ AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS:_ DELINQUENT SERVICE FEES: 21,824.39
---------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 61,889.28
AMOUNT PER $1000 CERTIFICATE: 0.309446
</TABLE>
<TABLE>
<CAPTION>
DELINQUENT LOAN 30 TO 59 60 TO 89 90 PLUS
INFORMATION DAYS DAYS DAYS TOTAL
-------- -------- -------- -----
<S> <C> <C> <C> <C>
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 2,859,098.09 1,183,813.57 403,018.47 4,445,930.13
NUMBER OF LOANS 49 18 5 72
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 5,837,270.76 2,394,068.26 492,684.17 8,724,023.19
NUMBER OF LOANS 60 24 4 88
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 179,173.31 86,939.02 62,100.00 328,212.33
NUMBER OF LOANS 2 2 2 6
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 81,250.00 118,720.04 68,900.00 268,870.04
NUMBER OF LOANS 1 2 1 4
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 0.00 0.00
NUMBER OF LOANS 0 0 0 0
<PAGE>
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 0.00 0.00
NUMBER OF LOANS 0 0 0 0
</TABLE>
REALIZED LOSS INFORMATION:
<TABLE>
<CAPTION>
GROUP 1 GROUP 2 TOTAL
------- ------- -----
<S> <C> <C> <C>
PRIOR REALIZED LOSSES: 0.00 0.00 0.00
PLUS: CURRENT REALIZED LOSSES 0.00 0.00 0.00
CUMULATIVE REALIZED LOSSES: 0.00 0.00 0.00
==== ==== ====
</TABLE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-A
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: May 15, 1996
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 1718 984
ENDING NUMBER OF LOANS: 1704 971
BEGINNING PRINCIPAL BALANCE OF POOL: 99,698,509.80 101,214,283.94
ENDING PRINCIPAL BALANCE OF POOL: 98,896,262.05 99,900,677.43
GROUP FACTOR: 98.89626205% 98.48256745%
WEIGHTED AVERAGE TERM TO MATURITY: 308.53 353.99
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.824043% 11.070197%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.823806% 11.117333%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 14 13
PRINCIPAL BALANCE: 712,170.37 1,274,084.07
AMOUNT PER $1000 CERTIFICATE: 17.547193 43.798009
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 0.00 0.00
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00 0.00
<PAGE>
REO PROPERTY INFORMATION:
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH FORECLOSURE: 0.00 0.00
AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 0.00 0.00
NUMBER OF REO LOANS: 0 0
AVAILABLE FUNDS: 1,743,072.95 2,205,152.27
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 9,937.66 9,899.69
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 802,247.75 1,313,606.51
EXCESS CASH DISTRIBUTION: 373,418.62 396,973.96
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 695,282.73 2,614,400.73
REQUIRED COVERAGE AMOUNT: 3,750,000.00 5,000,000.00
COVERAGE SURPLUS: 0.00 0.00
COVERAGE DEFICIT: 0.00 0.00
UNREIMBURSED MONTHLY ADVANCES: 0.00 0.00
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-A
TRUSTEE DISTRIBUTION DATE STATEMENT
Distribution Date: May 15, 1996
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 982,366.25 933,718.38
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 138,426.20 39,522.44
PREPAYMENTS IN FULL 692,560.10 1,268,974.56
CURTAILMENTS 19,610.27 5,109.51
TERMINATION PRINCIPAL 0.00 0.00
---- ----
850,596.57 1,313,606.51
TRUST INSURANCE PROCEEDS (PRINCIPAL & INTEREST): 0.00 0.00
NET LIQUIDATION PROCEEDS: 0.00 0.00
COMPENSATING INTEREST PAYMENTS TO BE PAID BY SERVICER: 0.00 0.00
AGGREGATE REPURCHASE PRICE: 0.00 0.00
SUBSTITUTION OF QUALIFIED REPLACEMENT MORTGAGE LOAN: 0.00 0.00
MONTHLY ADVANCES: 245,643.50 267,161.53
MONTHLY SERVICING FEE: -31,442.93 -30,446.35
DELINQUENT INTEREST: -255,741.62 -278,887.80
SERVICING ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
MONTHLY ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
PREPAYMENT INTEREST SHORTFALL: 0.00 0.00
PURCHASE ACCOUNT TRANSFER: 0.00 0.00
CAPITALIZED INTEREST BALANCE: 0.00 0.00
REMITTANCE DUE (Per Group): 1,791,421.77 2,205,152.27
------------ ------------
PAYMENTS AHEAD -48,348.82
TOTAL REMITTANCE DUE: 3,948,225.22
============
</TABLE>
|
|