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Previous: BOSTON CAPITAL TAX CREDIT FUND IV LP, 424B3, 1997-05-27 |
Next: SOUTHWEST BANCORP INC, S-2/A, 1997-05-27 |
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)
MAY 15 1997
Aames Capital Corporation
----------------------------
(Exact name of Registrant as specified in its charter)
California 333-10185 and 333-21219 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
20.3 Aames Capital Corporation, Mortgage Pass-through
Certificates, Series 1996-C - Statement to Certificateholders
20.4 Aames Capital Corporation, Mortgage Pass-through
Certificates, Series 1996-D - Statement to Certificateholders
20.5 Aames Capital Corporation, Mortgage Pass-through
Certificates, Series 1997-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
By: /s/ Mark E. Elbaum
-------------------------------
Mark E. Elbaum
Senior Vice President - Finance
and Chief Accounting Officer
Dated: May 23, 1997
<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
20.3 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1996-C-Statement to
Certificateholders
20.4 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1996-D-Statement to
Certificateholders
20.5 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1997-A-Statement to
Certificateholders
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
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-1A 40,586,000.00 16,216,464.54 84,798.60 2,314,017.69 2,398,816.29 0.00 0.00 13,902,446.85
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 67,704,852.32 342,050.56 3,617,707.65 3,959,758.21 0.00 0.00 64,087,144.67
R 0.00 0.00 563,736.93 0.00 563,736.93 0.00 0.00 0.00
TOTAL 200,000,000.00 143,335,316.86 1,339,083.67 5,931,725.34 7,270,809.01 0.00 0.00 137,403,591.52
</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 399.558088 2.089356 57.015170 59.104526 342.542918 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 677.048523 3.420506 36.177077 39.597582 640.871447 6.062500% 6.062500%
R AA960A101 0.000000 2.818685 0.000000 2.818685 0.000000 0.000000% 0.000000%
SELLER: Aames Capital Corporation ADMINISTRATOR: Whitney Iger
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities Incorporated 3 Park Plaza
RECORD DATE: April 30, 1997 Irvine, CA 92714
DISTRIBUTION DATE: May 15, 1997 FACTOR INFORMATIO(800) 735-7777
</TABLE>
<PAGE>
Page 1 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: May 15, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 604,983.04
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 63,368.88
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 63,368.88
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: DELINQUENT SERVICE FEES: 25,183.67
----------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 38,185.21
AMOUNT PER $1000 CERTIFICATE: 0.190926
</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 2,178,492.94 455,068.38 952,379.67 3,585,940.99
NUMBER OF LOANS 36 14 17 67
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 2,977,177.00 771,113.24 2,444,965.85 6,193,256.09
NUMBER OF LOANS 28 11 25 64
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 286,371.89 487,798.58 7,281,196.03 9,024,208.03
NUMBER OF LOANS 4 4 100 125
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 492,689.10 252,166.97 11,303,522.82 13,642,569.18
NUMBER OF LOANS 6 3 105 128
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 2,109,544.15 2,109,544.15
NUMBER OF LOANS 0 0 30 30
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 2,784,798.16 2,784,798.16
NUMBER OF LOANS 0 0 27 27
</TABLE>
<TABLE>
<CAPTION>
REALIZED LOSS INFORMATION:
GROUP 1 GROUP 2 TOTAL
<S> <C> <C> <C>
PRIOR REALIZED LOSSES: 170,877.20 0.00 170,877.20
PLUS: CURRENT REALIZED LOSSES 35,134.98 67,295.90 102,430.88
-------- --------- ----------
CUMULATIVE REALIZED LOSSES: 206,012.18 67,295.90 273,308.08
</TABLE>
<PAGE>
Page 2 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: May 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 1343 715
ENDING NUMBER OF LOANS: 1300 679
BEGINNING PRINCIPAL BALANCE OF POOL: 79,380,464.54 72,704,852.32
ENDING PRINCIPAL BALANCE OF POOL: 77,066,446.85 69,087,144.67
GROUP FACTOR: 77.06644684% 68.10643891%
WEIGHTED AVERAGE TERM TO MATURITY: 278.86 342.50
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.677365% 12.308097%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.662164% 12.300277%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 43 36
PRINCIPAL BALANCE: 2,163,593.00 3,256,349.66
AMOUNT PER $1000 CERTIFICATE: 53.308850 111.940518
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: 2,200,797.00 3,022,065.00
AVAILABLE FUNDS: 3,018,269.71 4,265,833.37
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 7,563.05 6,770.49
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 2,278,882.71 3,550,411.75
EXCESS CASH DISTRIBUTION: 35,134.98 67,295.90
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 3,750,000.00 5,000,000.00
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>
Page 3 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: May 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 772,462.20 745,715.30
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 97,553.16 22,902.26
PREPAYMENTS IN FULL 2,163,593.00 3,256,349.66
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
----------- ------------
2,261,146.16 3,279,251.92
PAYMENTS AHEAD (16,959.66)
TRUST INSURANCE PROCEEDS (PRINCIPAL & INTEREST): 0.00 0.00
NET LIQUIDATION PROCEEDS: 34,696.21 272,199.30
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: 283,817.16 321,165.88
MONTHLY SERVICING FEE: (20,924.37) (17,260.84)
DELINQUENT INTEREST: (295,967.99) (334,198.72)
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): 3,018,269.71 4,266,872.84
============ ============
TOTAL REMITTANCE DUE: 7,285,142.55
============
</TABLE>
<PAGE>
Page 4 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: May 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 79,380,464.54 72,704,852.32
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 33,075.19 30,293.69
PRIOR DEFERRED GUARANTEE FEE AMOUNT 0.00
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 63,368.88
CURRENT GUARANTEE FEE PAYMENT AMOUNT (63,368.88)
CURRENT DEFERRED GUARANTEE FEE AMOUNT 0.00
</TABLE>
<PAGE>
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
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-1A 52,107,000.00 31,207,417.69 150,770.84 2,216,419.07 2,367,189.91 0.00 0.00 28,990,998.62
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
R 180,000,000.00 131,681,663.55 660,328.68 5,546,159.97 6,206,488.65 0.00 0.00 126,135,503.58
0.00 0.00 1,068,470.55 0.00 1,068,470.55 0.00 0.00 0.00
TOTAL 300,035,000.00 230,817,081.24 2,309,417.40 7,762,579.04 10,071,996.44 0.00 0.00 223,054,502.20
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1A 00253CBL0 598.910275 2.893485 42.535918 45.429403 556.374357 5.797500% 5.797500%
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 731.564798 3.668493 30.812000 34.480492 700.752798 6.017500% 6.017500%
R AA960B101 0.000000 3.561153 0.000000 3.561153 0.000000 0.000000% 0.000000%
SELLER: Aames Capital Corporation ADMINISTRATOR: Whitney Iger
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities Incorporated 3 Park Plaza
RECORD DATE: April 30, 1997 Irvine, CA 92714
DISTRIBUTION DATE: May 15, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
Distribution Date: May 15, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 926,683.83
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 102,516.13
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 102,516.13
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 337.36
LESS: DELINQUENT SERVICE FEES: 38,416.53
----------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 63,762.24
AMOUNT PER $1000 CERTIFICATE: 0.212516
</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 3,827,418.92 681,909.19 600,111.37 5,109,439.48
NUMBER OF LOANS 75 15 13 103
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 5,113,434.69 1,340,635.99 2,450,993.51 8,905,064.19
NUMBER OF LOANS 53 19 30 102
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 81,760.75 670,753.14 9,703,084.25 10,851,860.48
NUMBER OF LOANS 2 8 139 159
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 375,057.99 1,932,756.04 22,586,182.64 26,043,838.11
NUMBER OF LOANS 7 19 241 282
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 757,579.68 757,579.68
NUMBER OF LOANS 0 0 14 14
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 1,887,142.48 1,887,142.48
NUMBER OF LOANS 0 0 18 18
</TABLE>
<TABLE>
<CAPTION>
REALIZED LOSS INFORMATION:
GROUP 1 GROUP 2 TOTAL
<S> <C> <C> <C>
PRIOR REALIZED LOSSES: 11,827.20 12,412.22 24,239.42
PLUS: CURRENT REALIZED LOSSES 0.00 0.00 0.00
--------- --------- ---------
CUMULATIVE REALIZED LOSSES: 11,827.20 12,412.22 24,239.42
========= ========= =========
</TABLE>
<PAGE>
Page 2 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
Distribution Date: May 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 1880 1540
ENDING NUMBER OF LOANS: 1830 1482
BEGINNING PRINCIPAL BALANCE OF POOL: 103,336,651.69 142,702,071.55
ENDING PRINCIPAL BALANCE OF POOL: 101,120,232.62 137,155,911.58
GROUP FACTOR: 101.6340% 85.2526%
WEIGHTED AVERAGE TERM TO MATURITY: 271.61 343.88
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.703698% 12.001209%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.699463% 12.136807%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 50 58
PRINCIPAL BALANCE: 2,096,083.76 5,496,838.65
AMOUNT PER $1000 CERTIFICATE: 40.226529 178.474582
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 337.36 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: 757,579.68 1,887,142.48
NUMBER OF REO LOANS: 14 18
BALANCE OF LOANS IN BANKRUPTCY 0.00 0.00
NUMBER OF LOANS IN BANKRUPTCY 0 0
AVAILABLE FUNDS: 3,181,212.92 6,913,865.23
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 9,913.54 13,168.17
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 2,216,419.07 5,546,159.97
EXCESS CASH DISTRIBUTION: 0.00 0.00
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 4,201,234.00 11,020,408.00
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: 1,022.94 0.00
</TABLE>
<PAGE>
Page 3 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: May 15, 1997
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,007,850.80 1,427,164.45
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 123,957.69 49,321.32
PREPAYMENTS IN FULL 2,096,083.76 5,496,838.65
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
------------ ------------
2,220,041.45 5,546,159.97
PAYMENTS AHEAD (3,622.38) 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: 337.36 0.00
AGGREGATE REPURCHASE PRICE: 0.00 0.00
SUBSTITUTION OF QUALIFIED REPLACEMENT MORTGAGE LOAN: 0.00 0.00
MONTHLY ADVANCES: 359,110.16 567,573.67
MONTHLY SERVICING FEE: (28,042.59) (36,057.01)
DELINQUENT INTEREST: (374,124.52) (590,975.85)
SERVICING ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
MONTHLY ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
PREPAYMENT INTEREST SHORTFALL: (337.36) 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): 3,181,212.92 6,913,865.23
------------ ------------
TOTAL REMITTANCE DUE: 10,095,078.15
=============
</TABLE>
<PAGE>
Page 4 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
Distribution Date: May 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 103,336,651.69 142,702,071.55
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 43,056.94 59,459.20
PRIOR DEFERRED GUARANTEE FEE AMOUNT 813,303.36
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 102,516.13
CURRENT GUARANTEE FEE PAYMENT AMOUNT (915,819.50)
CURRENT DEFERRED GUARANTEE FEE AMOUNT 0.00
</TABLE>
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-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-1A 69,200,000.00 51,220,228.94 247,030.90 4,101,301.21 4,348,332.11 0.00 0.00 47,118,927.73
A-1B 54,800,000.00 54,800,000.00 329,713.33 0.00 329,713.33 0.00 0.00 54,800,000.00
A-1C 17,450,000.00 17,450,000.00 110,080.42 0.00 110,080.42 0.00 0.00 17,450,000.00
A-1D 19,900,000.00 19,900,000.00 130,510.83 0.00 130,510.83 0.00 0.00 19,900,000.00
A-1E 13,650,000.00 13,650,000.00 91,455.00 0.00 91,455.00 0.00 0.00 13,650,000.00
A-2 350,000,000.00 297,322,389.21 1,485,992.52 11,074,667.91 12,560,660.43 0.00 0.00 286,247,721.30
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 525,000,000.00 454,342,618.15 2,394,783.00 15,175,969.12 17,570,752.12 0.00 0.00 439,166,649.03
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1A 00253CBS5 740.176719 3.569811 59.267359 62.837169 680.909360 5.787500% 5.787500%
A-1B 00253CBT3 1,000.000000 6.016667 0.000000 6.016667 1,000.000000 7.220000% 7.220000%
A-1C 00253CBU0 1,000.000000 6.308334 0.000000 6.308334 1,000.000000 7.570000% 7.570000%
A-1D 00253CBV8 1,000.000000 6.558333 0.000000 6.558333 1,000.000000 7.870000% 7.870000%
A-1E 00253CBW6 1,000.000000 6.700000 0.000000 6.700000 1,000.000000 8.040000% 8.040000%
A-2 00253CBX4 849.492541 4.245693 31.641908 35.887601 817.850632 5.997500% 5.997500%
R 00253CBY2 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, 1997 Irvine, CA 92714
DISTRIBUTION DATE: May 15, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-C
Statement To Certificateholders
Distribution Date: May 15, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 1,329,290.33
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 195,418.24
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 195,418.24
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 185.54
LESS: DELINQUENT SERVICE FEES: 55,072.48
----------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 140,160.22
AMOUNT PER $1000 CERTIFICATE: 0.266972
</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 5,804,509.25 923,029.32 740,572.13 7,468,110.70
NUMBER OF LOANS 98 19 14 131
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 10,446,834.21 1,987,000.15 1,703,172.79 14,137,007.15
NUMBER OF LOANS 111 25 20 156
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 50,367.07 810,692.92 8,031,430.20 9,027,217.71
NUMBER OF LOANS 2 12 129 147
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 307,098.08 2,912,909.68 26,716,598.52 29,936,682.42
NUMBER OF LOANS 4 28 281 313
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 385,225.85 385,225.85
NUMBER OF LOANS 0 0 4 4
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 632,763.72 632,763.72
NUMBER OF LOANS 0 0 10 10
</TABLE>
<TABLE>
<CAPTION>
REALIZED LOSS INFORMATION:
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>
Page 2 of
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-C
Statement To Certificateholders
Distribution Date: May 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 2857 3337
ENDING NUMBER OF LOANS: 2790 3241
BEGINNING PRINCIPAL BALANCE OF POOL: 160,954,873.90 308,048,873.55
ENDING PRINCIPAL BALANCE OF POOL: 157,385,455.75 298,341,593.07
GROUP FACTOR: 108.6451% 102.8236%
WEIGHTED AVERAGE TERM TO MATURITY: 292.30 347.46
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.367772% 11.740774%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.341689% 11.779910%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 67 96
PRINCIPAL BALANCE: 3,414,285.17 9,565,421.87
AMOUNT PER $1000 CERTIFICATE: 49.339381 174.551494
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 185.54 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: 385,225.85 632,763.72
NUMBER OF REO LOANS: 4 10
BALANCE OF LOANS IN BANKRUPTCY 379,972.43 848,640.87
NUMBER OF LOANS IN BANKRUPTCY 6 11
AVAILABLE FUNDS: 5,027,102.21 12,592,870.36
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 17,010.52 32,209.93
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 3,569,418.15 9,707,280.48
EXCESS CASH DISTRIBUTION: 531,883.06 1,367,387.43
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 4,466,528.02 12,093,871.77
REQUIRED COVERAGE AMOUNT: 5,687,500.00 20,226,130.65
COVERAGE SURPLUS: 0.00 0.00
COVERAGE DEFICIT: 0.00 0.00
UNREIMBURSED MONTHLY ADVANCES: 0.00 0.00
</TABLE>
Page 3 of 4
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-C
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: May 15, 1997
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,524,748.59 3,013,943.57
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 156,644.92 141,858.61
PREPAYMENTS IN FULL 3,414,285.17 9,565,421.87
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
3,570,930.09 9,707,280.48
PAYMENTS AHEAD (1,511.94) 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: 185.54 0.00
AGGREGATE REPURCHASE PRICE: 0.00 0.00
SUBSTITUTION OF QUALIFIED REPLACEMENT MORTGAGE LOAN: 0.00 0.00
MONTHLY ADVANCES: 429,566.41 899,723.92
MONTHLY SERVICING FEE: (48,790.43) (91,555.32)
DELINQUENT INTEREST: (447,840.51) (936,522.29)
SERVICING ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
MONTHLY ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
PREPAYMENT INTEREST SHORTFALL: (185.54) 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): 5,027,102.21 12,592,870.36
============ =============
TOTAL REMITTANCE DUE: 17,619,972.57
=============
</TABLE>
Page 4 of 4
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-C
Statement To Certificateholders
Distribution Date: May 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 160,954,873.90 308,048,873.55
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 67,064.53 128,353.70
PRIOR DEFERRED GUARANTEE FEE AMOUNT 1,678,706.58
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 195,418.23
CURRENT GUARANTEE FEE PAYMENT AMOUNT 0.00
CURRENT DEFERRED GUARANTEE FEE AMOUNT 1,874,124.81
</TABLE>
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
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-1A 85,500,000.00 75,279,674.27 361,812.93 4,737,300.51 5,099,113.44 0.00 0.00 70,542,373.76
A-1B 27,000,000.00 27,000,000.00 142,650.00 0.00 142,650.00 0.00 0.00 27,000,000.00
A-1C 46,500,000.00 46,500,000.00 252,650.00 0.00 252,650.00 0.00 0.00 46,500,000.00
A-1D 10,000,000.00 10,000,000.00 56,250.00 0.00 56,250.00 0.00 0.00 10,000,000.00
A-1E 31,500,000.00 31,500,000.00 180,337.50 0.00 180,337.50 0.00 0.00 31,500,000.00
A-1F 17,000,000.00 17,000,000.00 101,575.00 0.00 101,575.00 0.00 0.00 17,000,000.00
A-1G 24,500,000.00 24,500,000.00 149,450.00 0.00 149,450.00 0.00 0.00 24,500,000.00
A-2 358,000,000.00 338,886,137.34 1,668,308.21 7,809,884.59 9,478,192.80 0.00 0.00 331,076,252.75
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 600,000,000.00 570,665,811.61 2,913,033.64 12,547,185.10 15,460,218.74 0.00 0.00 558,118,626.51
</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 00253CBZ9 880.464027 4.231730 55.407024 59.638754 825.057003 5.767500% 5.767500%
A-1B 00253CCA3 1,000.000000 5.283333 0.000000 5.283333 1,000.000000 6.340000% 6.340000%
A-1C 00253CCB1 1,000.000000 5.433333 0.000000 5.433333 1,000.000000 6.520000% 6.520000%
A-1D 00253CCC9 1,000.000000 5.625000 0.000000 5.625000 1,000.000000 6.750000% 6.750000%
A-1E 00253CCD7 1,000.000000 5.725000 0.000000 5.725000 1,000.000000 6.870000% 6.870000%
A-1F 00253CCE5 1,000.000000 5.975000 0.000000 5.975000 1,000.000000 7.170000% 7.170000%
A-1G 00253CCF2 1,000.000000 6.100000 0.000000 6.100000 1,000.000000 7.320000% 7.320000%
A-2 00253CCG0 946.609322 4.660079 21.815320 26.475399 924.794002 5.907500% 5.907500%
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
SELLER: Aames Capital Corporation ADMINISTRATOR: Whitney Iger
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities Incorporated 3 Park Plaza
RECORD DATE: April 30, 1997 Irvine, CA 92714
DISTRIBUTION DATE: May 15, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
Distribution Date: May 15, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 1,163,780.38
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 242,262.65
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 242,262.65
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: DELINQUENT SERVICE FEES: 49,888.90
----------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 192,373.75
</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 5,016,284.27 811,132.87 1,241,330.55 7,068,747.69
NUMBER OF LOANS 98 17 17 132
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 9,610,485.55 3,252,492.93 2,099,002.18 14,961,980.66
NUMBER OF LOANS 114 35 23 172
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 196,633.43 1,095,958.98 6,154,694.14 7,447,238.44
NUMBER OF LOANS 4 21 111 136
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 80,419.98 4,325,139.31 14,547,022.56 18,952,345.39
NUMBER OF LOANS 1 44 166 211
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 70,000.00 70,000.00
NUMBER OF LOANS 0 0 1 1
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 0.00 0.00
NUMBER OF LOANS 0 0 0 0
</TABLE>
<TABLE>
<CAPTION>
REALIZED LOSS INFORMATION:
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
PRINCIPAL BALANCES OF CURRENT LOSS LOANS
LOAN NUM:
LOAN NUM:
LOAN NUM:
CUMULATIVE REALIZED LOSSES: 0.00 0.00 0.00
</TABLE>
Page 2 of 3
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
Distribution Date: May 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 4108 3691
ENDING NUMBER OF LOANS: 4052 3626
BEGINNING PRINCIPAL BALANCE OF POOL: 235,124,925.94 346,305,437.81
ENDING PRINCIPAL BALANCE OF POOL: 231,202,320.33 339,790,482.19
GROUP FACTOR: 81.9331% 79.1820%
WEIGHTED AVERAGE TERM TO MATURITY: 286.41 352.11
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.138752% 10.895274%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.132647% 11.214363%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 56 65
PRINCIPAL BALANCE: 3,684,415.20 6,037,697.51
PARTIAL PREPAYMENTS COLLECTED: 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: 70,000.00 0.00
NUMBER OF REO LOANS: 1 0
BALANCE OF LOANS IN BANKRUPTCY 0.00 0.00
NUMBER OF LOANS IN BANKRUPTCY 0 0
AVAILABLE FUNDS: 6,007,135.40 9,514,905.46
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 25,109.46 36,712.66
CLASS A MONTHLY INTEREST 1,244,725.43 1,668,308.21
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 3,922,605.61 6,514,955.62
EXCESS CASH DISTRIBUTION: 814,694.90 1,294,928.97
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 4,159,946.57 8,714,229.44
REQUIRED COVERAGE AMOUNT: 7,760,063.95 20,383,473.50
COVERAGE SURPLUS: 0.00 0.00
COVERAGE DEFICIT: 0.00 0.00
UNREIMBURSED MONTHLY/SERVICING ADVANCES: 0.00 0.00
MONTHLY/SERVICING ADVANCES REIMBURSED IN CURRENT DISTRIBUTION: 0.00 0.00
</TABLE>
Page 3 of 3
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: May 15, 1997
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 2,182,498.51 3,144,243.76
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 238,190.41 477,258.11
PREPAYMENTS IN FULL 3,684,415.20 6,037,697.51
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
3,922,605.61 6,514,955.62
PAYMENTS AHEAD 0.00 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: 0.00 0.00
SUBSTITUTION OF QUALIFIED REPLACEMENT MORTGAGE LOAN: 0.00 0.00
MONTHLY ADVANCES: 421,546.70 742,233.69
MONTHLY SERVICING FEE: (80,299.73) (112,074.02)
DELINQUENT INTEREST: (439,215.69) (774,453.59)
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): 6,007,135.40 9,514,905.46
============ ============
TOTAL REMITTANCE DUE: 15,522,040.86
============
</TABLE>
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: May 15, 1997
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 159,957.51 359,633.69
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 8,514.14 14,508.58
PREPAYMENTS IN FULL 383,867.72 324,519.90
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
392,381.86 339,028.48
PAYMENTS AHEAD 0.00 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: 0.00 0.00
SUBSTITUTION OF QUALIFIED REPLACEMENT MORTGAGE LOAN: 0.00 0.00
MONTHLY ADVANCES: 47,455.54 101,817.55
MONTHLY SERVICING FEE: 4,685.87 11,254.35
DELINQUENT INTEREST: (49,211.94) (105,868.18)
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
REMITTANCE DUE (Per Pacific Loan Group): 555,268.84 705,865.89
============ ============
TOTAL REMITTANCE DUE FOR PACIFIC LOANS: 1,261,134.73
============
</TABLE>
Page 1 of 2
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: May 15, 1997
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 15,461,469.32 36,731,964.02
ENDING PRINCIPAL BALANCE OF POOL: 15,069,087.46 36,392,935.54
GROUP FACTOR: 95.9575% 96.8099%
BEGINNING NUMBER OF LOANS: 223 357
ENDING NUMBER OF LOANS: 217 353
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 6 4
PRINCIPAL BALANCE: 383,867.72 324,519.90
PARTIAL PREPAYMENTS COLLECTED: 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
REALIZED LOSS INFORMATION:
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
PRINCIPAL BALANCES OF CURRENT LOSS LOANS
LOAN NUM:
LOAN NUM:
LOAN NUM:
CUMULATIVE REALIZED LOSSES: 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
EXCESS INTEREST INFORMATION:
GROUP 1 GROUP 2
<S> <C> <C>
AVAILABLE FUNDS 555,268.84 705,865.89
LESS THE SUM OF:
CLASS A MONTHLY INTEREST 79,584.96 181,393.77
MONTHLY PRINCIPAL 392,381.86 339,028.48
UNREIMBURSED INSURED AMOUNTS 0.00 0.00
CURRENT EXCESS INTEREST 83,302.02 185,443.64
LESS EXCESS INTEREST FOR REALIZED LOSSES 0.00 0.00
LESS EXCESS INTEREST FOR UNREIMBURSED ADVANCES 0.00 0.00
PLUS PREVIOUS EXCESS INTEREST 309,536.99 751,596.87
CUMULATIVE EXCESS INTEREST TO DATE 392,839.01 937,040.51
</TABLE>
Page 2 of 2
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-A
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-1 81,000,000.00 79,991,900.58 431,289.66 1,530,410.54 1,961,700.20 0.00 0.00 78,461,490.04
A-2 71,500,000.00 71,500,000.00 409,933.33 0.00 409,933.33 0.00 0.00 71,500,000.00
A-3 14,500,000.00 14,500,000.00 87,241.67 0.00 87,241.67 0.00 0.00 14,500,000.00
A-4 23,000,000.00 23,000,000.00 145,858.33 0.00 145,858.33 0.00 0.00 23,000,000.00
A-5 25,000,000.00 25,000,000.00 149,583.33 0.00 149,583.33 0.00 0.00 25,000,000.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 215,000,000.00 213,991,900.58 1,223,906.32 1,530,410.54 2,754,316.86 0.00 0.00 212,461,490.04
</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-1 00253CCH8 987.554328 5.324564 18.893957 24.218521 968.660371 6.470000% 6.470000%
A-2 00253CCJ4 1,000.000000 5.733333 0.000000 5.733333 1,000.000000 6.880000% 6.880000%
A-3 00253CCK1 1,000.000000 6.016667 0.000000 6.016667 1,000.000000 7.220000% 7.220000%
A-4 00253CCL9 1,000.000000 6.341667 0.000000 6.341667 1,000.000000 7.610000% 7.610000%
A-5 00253CCM7 1,000.000000 5.983333 0.000000 5.983333 1,000.000000 7.180000% 7.180000%
R AA971A101 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
SELLER: Aames Capital Corporation ADMINISTRATOR: Whitney Iger
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: DLJ Securities Corporation 3 Park Plaza
RECORD DATE: April 30, 1997 Irvine, CA 92614
DISTRIBUTION DATE: May 15, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-A
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: May 15, 1997
<S> <C> <C>
MONTHLY ADVANCES: 260,816.64
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 89,341.28
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
---------
TOTAL SERVICING FEES DUE MASTER SERVICER: 89,341.28
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: DELINQUENT SERVICE FEES: (11,558.98)
---------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 77,782.30
</TABLE>
<TABLE>
<CAPTION>
DELINQUENT LOAN 30 TO 59 60 TO 89 90 PLUS
INFORMATION DAYS DAYS DAYS TOTAL
<S> <C> <C> <C> <C>
PRINCIPAL BALANCE 9,169,770.41 1,281,137.20 551,433.02 11,002,340.63
NUMBER OF LOANS 114 15 8 137
FORECLOSURE LOAN INFORMATION
PRINCIPAL BALANCE 0.00 288,506.00 345,630.22 634,136.22
NUMBER OF LOANS 0 3 6 9
REO LOAN INFORMATION
PRINCIPAL BALANCE 0.00 0.00 0.00 0.00
NUMBER OF LOANS 0 0 0 0
NUMBER OF LOANS IN BANKRUPTCY PROCEEDINGS: 0
PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY PROCEEDINGS: 0.00
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH FORECLOSURE: 0.00
</TABLE>
<TABLE>
<CAPTION>
REALIZED LOSS INFORMATION
LOAN NUMBER PRINCIPAL BALANCE NET LIQUIDATION PROCEEDS TOTAL LOSS AMOUNT
<S> <C> <C> <C>
TOTAL CURRENT PERIOD LOSSES: 0.00
CUMULATIVE REALIZED LOSSES: 0.00
</TABLE>
Page 2 of 3
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-A
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: May 15, 1997
<S> <C>
BEGINNING NUMBER OF LOANS: 3711
ENDING NUMBER OF LOANS: 3691
BEGINNING PRINCIPAL BALANCE OF POOL: 214,419,067.03
ENDING PRINCIPAL BALANCE OF POOL: 213,445,672.89
WEIGHTED AVERAGE TERM TO MATURITY: 224
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 943.689507%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 944.006657%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 20
PRINCIPAL BALANCE: 745,676.26
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 0.00
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00
AVAILABLE FUNDS: 2,777,499.32
INSURED AMOUNT: 0.00
CERTIFICATE INSURER PREMIUM: 23,182.46
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 973,394.14
EXCESS CASH DISTRIBUTION: 557,016.40
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 427,166.45
REQUIRED COVERAGE AMOUNT: 7,525,000.00
COVERAGE SURPLUS: 0.00
COVERAGE DEFICIT: 0.00
UNREIMBURSED MONTHLY ADVANCES: 0.00
UNREIMBURSED SERVICING ADVANCES: 0.00
</TABLE>
Page 3 of
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-A
Statement To Certificateholders
Distribution Date: May 15, 1997
<TABLE>
<CAPTION>
<S> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,893,446.46
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 227,717.88
PREPAYMENTS IN FULL 741,556.18
CURTAILMENTS 4,120.08
973,394.14
PAYMENTS AHEAD 0.00
TRUST INSURANCE PROCEEDS (PRINCIPAL & INTEREST): 0.00
NET LIQUIDATION PROCEEDS: 0.00
COMPENSATING INTEREST PAYMENTS TO BE PAID BY SERVICER: 0.00
AGGREGATE REPURCHASE PRICE: 0.00
SUBSTITUTION OF QUALIFIED REPLACEMENT MORTGAGE LOAN: 0.00
MONTHLY ADVANCES: 260,816.64
MONTHLY SERVICING FEE: (77,782.30)
DELINQUENT INTEREST: (272,375.62)
SERVICING ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00
MONTHLY ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00
PREPAYMENT INTEREST SHORTFALL: 0.00
TOTAL REMITTANCE DUE: 2,777,499.32
============
</TABLE>
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
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