|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: INVESCO MULTIPLE ASSET FUNDS INC, N-30D, 1996-09-27 |
Next: TELMARK INC /NY/, 424B3, 1996-09-27 |
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)
September 16, 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
20.2 Aames Capital Corporation, Mortgage Pass-through
Certificates, Series 1996-B - 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/ Mark E. Elbaum
-------------------------------
Mark E. Elbaum
Senior Vice President - Finance
Dated: September 20, 1996
<PAGE>
Index to Exhibits
Exhibit
20.1 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1996-A - Statement to
Certificateholders
20.2 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1996-B-Statement to
Certificateholders
<PAGE>
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 34,043,928.54 178,021.38 2,179,028.33 2,357,049.71 0.00 0.00 31,864,900.21
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 92,629,238.24 478,584.40 1,842,544.85 2,321,129.25 0.00 0.00 90,786,693.39
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
============== ============== ========== ============ =========== ==== ==== ==============
TOTALS 200,000,000.00 186,087,166.78 1,005,103.36 4,021,573.18 5,026,676.54 0.00 0.00 182,065,593.60
</TABLE>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<TABLE>
<CAPTION>
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>
A-1A 00253CBE6 838.809652 4.386275 53.689162 58.075437 785.120490 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 926.292382 4.785844 18.425449 23.211292 907.866934 5.812500% 5.875000%
R AA960A101 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
</TABLE>
SELLER: Aames Capital Corporation
SERVICER: Aames Capital Corporation
LEAD UNDERWRITER: Prudential Securities Incorporated
RECORD DATE: August 30, 1996
DISTRIBUTION DATE: September 16, 1996
ADMINISTRATOR: Whitney Knox
Bankers Trust Company
3 Park Plaza
Irvine, CA 92714
FACTOR INFORMATION: (800) 735-7777
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-A
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: September 16, 1996
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 673,450.48
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 79,880.24
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
---------
TOTAL SERVICING FEES DUE MASTER SERVICER: 79,880.24
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: DELINQUENT SERVICE FEES: 28,261.49
----------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 55,415.92
AMOUNT PER $1000 CERTIFICATE: 0.258094
</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 4,126,746.17 570,663.78 1,186,324.83 5,883,734.78
NUMBER OF LOANS 71 13 23 107
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 4,064,197.14 1,995,503.47 2,146,207.34 8,205,907.95
NUMBER OF LOANS 39 15 20 74
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 144,793.36 562,677.08 6,002,174.50 6,980,455.86
NUMBER OF LOANS 2 11 82 99
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 134,281.46 2,294,851.39 8,667,170.43 12,137,628.78
NUMBER OF LOANS 2 20 86 11
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 0.00 0.00
NUMBER OF LOANS 0 0 0 0
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>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-A
Statement To Certificateholders
Distribution Date: September 16, 1996
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 1649 941
ENDING NUMBER OF LOANS: 1610 929
BEGINNING PRINCIPAL BALANCE OF POOL: 95,262,211.15 96,450,360.56
ENDING PRINCIPAL BALANCE OF POOL: 93,445,556.14 95,020,789.47
GROUP FACTOR: 93.44555614% 93.67195047%
WEIGHTED AVERAGE TERM TO MATURITY: 304.53 350.47
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.814935% 11.707685%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.803307% 11.856439%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 39 12
PRINCIPAL BALANCE: 1,736,691.94 1,354,001.35
AMOUNT PER $1000 CERTIFICATE: 42.790419 46.545251
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 0.00 0.00
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00 0.00
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: 2,714,893.08 2,330,392.17
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 9,345.79 9,262.92
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 1,816,655.01 1,429,571.09
EXCESS CASH DISTRIBUTION: 362,373.32 412,973.76
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 2,166,655.93 4,234,096.08
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: SEPTEMBER 16, 1996
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 937,930.66 941,008.73
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 114,483.32 75,569.74
PREPAYMENTS IN FULL 1,725,141.48 1,333,965.14
CURTAILMENTS 11,550.46 20,036.21
TERMINATION PRINCIPAL 0.00 0.00
------------ ----------
1,851,175.26 1,429,571.09
PAYMENTS AHEAD (34,520.25)
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: 323,329.07 350,121.41
MONTHLY SERVICING FEE: (26,207.64) (25,411.11)
DELINQUENT INTEREST: (336,814.02) (364,897.95)
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): 2,714,893.08 2,330,392.17
============ ============
TOTAL REMITTANCE DUE: 5,045,285.25
============
</TABLE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-B
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 52,107,000.00 49,970,725.22 246,411.20 1,770,858.95 2,017,270.15 0.00 0.00 48,199,866.27
A-1B 30,799,000.00 30,799,000.00 186,718.94 0.00 186,718.94 0.00 0.00 30,799,000.00
A-1C 21,410,000.00 21,410,000.00 136,042.71 0.00 136,042.71 0.00 0.00 21,410,000.00
A-1D 15,719,000.00 15,719,000.00 107,085.69 0.00 107,085.69 0.00 0.00 15,719,000.00
A-2 180,000,000.00 175,210,397.11 898,245.30 2,951,338.63 3,849,583.93 0.00 0.00 172,259,058.48
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
============== ============== ========== ============ =========== ==== ==== ==============
TOTALS 300,035,000.00 293,109,122.33 1,574,503.84 4,722,197.58 6,296,701.42 0.00 0.00 288,386,924.75
</TABLE>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<TABLE>
<CAPTION>
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>
A-1A 00253CBL0 959.002154 4.728946 33.985049 38.713995 925.017105 5.547500% 5.610000%
A-1B 00253CBM8 1,000.000000 6.062500 0.000000 6.062500 1,000.000000 7.275000% 7.275000%
A-1C 00253CBN6 1,000.000000 6.354167 0.000000 6.354167 1,000.000000 7.625000% 7.625000%
A-1D 00253CBP1 1,000.000000 6.812500 0.000000 6.812500 1,000.000000 8.175000% 8.175000%
A-2 00253CBQ9 973.391095 4.990252 16.396326 21.386577 956.994769 5.767500% 5.830000%
R AA960B101 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
</TABLE>
SELLER: Aames Capital Corporation
SERVICER: Aames Capital Corporation
LEAD UNDERWRITER: Prudential Securities Incorporated
RECORD DATE: August 2, 1996
DISTRIBUTION DATE: SEPTEMBER 16, 1996
ADMINISTRATOR: Whitney Knox
Bankers Trust Company
3 Park Plaza
Irvine, CA 92714
FACTOR INFORMATION: (800) 735-7777
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION DATE: SEPTEMBER 16, 1996
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 844,229.99
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 124,752.51
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 124,752.51
LESS: - AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: - DELINQUENT SERVICE FEES: 35,926.53
---------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 88,825.98
AMOUNT PER $1000 CERTIFICATE: 0.296052
</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 5,392,757.54 2,844,471.32 1,195,019.28 9,432,248.14
NUMBER OF LOANS 94 42 28 164
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANC 12,593,111.16 5,306,864.77 4,108,517.89 22,008,493.82
NUMBER OF LOANS 151 58 46 255
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 657,447.90 929,211.57 1,615,837.71
NUMBER OF LOANS 0 9 14 24
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 291575.02 693,398.62 3,318,379.41 4,303,446.21
NUMBER OF LOANS 2 9 39 50
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 0.00 0.00
NUMBER OF LOANS 0 0 0 0
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
---- ---- ----
CUMMULATIVE REALIZED LOSSES: 0.00 0.00 0.00
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION DATE: SEPTEMBER 16, 1996
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 2202 1910
ENDING NUMBER OF LOANS: 2179 1888
BEGINNING PRINCIPAL BALANCE OF POOL: 118,852,015.40 180,553,998.78
ENDING PRINCIPAL BALANCE OF POOL: 117,512,556.32 178,309,269.16
GROUP FACTOR: 119.1097% 110.8325%
WEIGHTED AVERAGE TERM TO MATURITY: 277.77 356.44
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.802610% 11.281649%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.785527% 11.353723%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 23 22
PRINCIPAL BALANCE: 467,937.52 1,356,616.70
AMOUNT PER $1000 CERTIFICATE: 8.980320 44.047427
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 0.00 0.00
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00 0.00
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
BALANCE OF LOANS IN BANKRUPTCY 0.00 0.00
NUMBER OF LOANS IN BANKRUPTCY 0 0
AVAILABLE FUNDS: 2,458,907.36 3,867,104.97
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 11,789.87 17,521.04
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 1,339,459.08 2,244,729.62
EXCESS CASH DISTRIBUTION: 431,399.87 706,609.01
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 1,384,690.05 6,050,210.68
REQUIRED COVERAGE AMOUNT: 4,201,234.00 11,020,408.00
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-B
TRUSTEE DISTRIBUTION DATE STATEMENT
DISTRIBUTION DATE: SEPTEMBER 16, 1996
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,160,781.78 1,687,650.07
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 267,947.06 (15,393.92)
PREPAYMENTS IN FULL 483,994.19 1,350,959.66
CURTAILMENTS (16,056.67) 5,657.04
TERMINATION PRINCIPAL 0.00 0.00
___________ ____________
735,884.58 1,341,222.78
PAYMENTS AHEAD (126,154.72) 0.00
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: 737,917.39 913,462.96
SUBSTITUTION OF QUALIFIED REPLACEMENT MORTGAGE LOAN: 0.00 0.00
MONTHLY ADVANCES: 327,533.23 516,696.76
MONTHLY SERVICING FEE: (36,038.46) (52,787.52)
DELINQUENT INTEREST: (341,016.44) (539,140.08)
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
CLOSING DATE DEPOSIT 0.00 0.00
REMITTANCE DUE (Per Group): 2,458,907.36 3,867,104.97
============ ============
TOTAL REMITTANCE DUE: 6,326,012.33
============
</TABLE>
|
|