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Previous: GROWTH & INCOME PORTFOLIO, N-1/A, 1997-02-28 |
Next: AMERICAN ASSET ADVISERS TRUST INC, POS AM, 1997-02-28 |
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)
FEBRUARY 18, 1997
Aames Capital Corporation
----------------------------
(Exact name of Registrant as specified in its charter)
California 33-99458 and 333-10185 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
<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/ Gregory J. Witherspoon
-------------------------------
Gregory J. Witherspoon
Executive Vice President - Finance
and Chief Accounting Officer
Dated: February 25, 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
<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 22,461,642.03 117,455.67 1,386,749.24 1,504,204.91 0.00 0.00 21,074,892.79
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 78,909,322.66 437,837.14 3,692,070.95 4,129,908.09 0.00 0.00 75,217,251.71
R 0.00 0.00 692,561.48 0.00 692,561.48 0.00 0.00 0.00
TOTALS 200,000,000.00 160,784,964.69 1,596,351.88 5,078,820.19 6,675,172.07 0.00 0.00 155,706,144.50
</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 553.433254 2.893995 34.168167 37.062162 519.265086 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 789.093227 4.378371 36.920710 41.299081 752.172517 5.875000% 5.812500%
R AA960A101 0.000000 3.462807 0.000000 3.462807 0.000000 0.000000% 0.000000%
SELLER: Aames Capital Corporation
SERVICER: Aames Capital Corporation
LEAD UNDERWRITER: Prudential Securities Incorporated
RECORD DATE: January 31, 1997
DISTRIBUTION DATE: FEBRUARY 18, 1997
ADMINISTRATOR: Whitney Iger
Bankers Trust Company
3 Park Plaza
Irvine, CA 92714
FACTOR INFORMATION: (800) 735-7777
</TABLE>
PAGE 1 of 4 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-A
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 676,474.28
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 70,639.58
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
---------
TOTAL SERVICING FEES DUE MASTER SERVICER: 70,639.58
=========
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 150.56
LESS: DELINQUENT SERVICE FEES: 28,348.39
---------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 42,140.63
AMOUNT PER $1000 CERTIFICATE: 0.210703
</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 2,560,710.68 976,684.52 368,979.29 3,906,374.49
NUMBER OF LOANS 45 17 9 71
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 2,463,930.44 813,156.76 1,351,512.03 4,628,599.23
NUMBER OF LOANS 26 8 12 46
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 341,938.94 826,215.36 8,375,344.80 9,809,137.71
NUMBER OF LOANS 5 13 112 138
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 361,295.08 1,274,362.62 13,247,954.40 15,879,440.68
NUMBER OF LOANS 5 11 127 151
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 1,078,431.25 1,078,431.25
NUMBER OF LOANS 0 0 16 16
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 1,104,055.80 1,104,055.80
NUMBER OF LOANS 0 0 10 10
</TABLE>
REALIZED LOSS INFORMATION:
<TABLE>
<CAPTION>
GROUP 1 GROUP 2 TOTAL
------- ------- -----
<S> <C> <C> <C>
PRIOR REALIZED LOSSES: 170,877.20 0.00 170,877.20
PLUS: CURRENT REALIZED LOSSES: 0.00 0.00 0.00
---- ---- ----
CUMULATIVE REALIZED LOSSES: 170,877.20 0.00 170,877.20
========== ===== ==========
</TABLE>
PAGE 2 of 4 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-A
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 1456 815
ENDING NUMBER OF LOANS: 1424 781
BEGINNING PRINCIPAL BALANCE OF POOL: 85,625,642.03 83,909,322.66
ENDING PRINCIPAL BALANCE OF POOL: 84,238,892,79 80,217,251.71
GROUP FACTOR: 84.23889279% 79.07855187%
WEIGHTED AVERAGE TERM TO MATURITY: 280.87 345.26
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.710971% 12.119327%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.698836% 12.194704%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 32 34
PRINCIPAL BALANCE: 1,291,775.14 3,660,278.27
AMOUNT PER $1000 CERTIFICATE: 31.828097 125.825998
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 150.56 0.00
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00 0.00
REO PROPERTY INFORMATION:
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH FORECLOSURE: 1,497,004.00 1,417,530.00
AVAILABLE FUNDS: 2,186,704.71 4,504,545.85
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 8,187.56 7,890.93
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 1,386,749.24 3,692,070.95
EXCESS CASH DISTRIBUTION: 0.00 0.00
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 3 of 4 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-A
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 835,632.82 847,437.11
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 94,974.10 31,792.68
PREPAYMENTS IN FULL 1,291,775.14 3,660,278.27
CURTAILMENTS 0 00 0 00
TERMINATION PRINCIPAL 0.00 0.00
------------ ------------
1,386,749.24 3,692,070.95
PAYMENTS AHEAD 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: 150.56 0.00
AGGREGATE REPURCHASE PRICE: 0.00 0.00
SUBSTITUTION OF QUALIFIED REPLACEMENT MORTGAGE LOAN: 0.00 0.00
MONTHLY ADVANCES: 321,050.91 355,423.37
MONTHLY SERVICING FEE: (22,026.99) (20,264.20)
DELINQUENT INTEREST: (334,701.27) (370,121.38)
SERVICING ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
MONTHLY ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
PREPAYMENT INTEREST SHORTFALL: (150.56) 0.00
PURCHASE ACCOUNT TRANSFER: 0.00 0.00
CAPITALIZED INTEREST BALANCE: 0.00 0.00
REMITTANCE DUE (Per Group): 2,186,704.71 4,504,545.85
------------ ------------
TOTAL REMITTANCE DUE: 6,691,250.56
============
</TABLE>
PAGE 4 of 4 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-A
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 85,625,642.03 83,909,322.66
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 35,677.35 34,962.22
PRIOR DEFERRED GUARANTEE FEE AMOUNT 229,452.36
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 70,639.57
CURRENT GUARANTEE FEE PAYMENT AMOUNT (300,091.93)
------------
CURRENT DEFERRED GUARANTEE FEE AMOUNT 0.00
============
</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 39,260,040.01 208,012.78 1,981,047.24 2,189,060.02 0.00 0.00 37,278,992.77
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-2 180,000,000.00 147,784,219.48 813,716.33 4,684,136.59 5,497,852.92 0.00 0.00 143,100,082.89
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 300,035,000.00 254,972,259.49 1,451,576.45 6,665,183.83 8,116,760.28 0.00 0.00 248,307,075.66
</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 753.450400 3.992031 38.018831 42.010863 715.431569 5.610000% 5.547500%
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 821.023442 4.520646 26.022981 30.543627 795.000461 5.830000% 5.767500%
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: January 31, 1997
DISTRIBUTION DATE: FEBRUARY 18, 1997
ADMINISTRATOR: Whitney Knox
Bankers Trust Company
3 Park Plaza
Irvine, CA 92714
FACTOR INFORMATION: (800) 735-7777
PAGE 1 of 4 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 967,739.60
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 111,306.16
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 111,306.16
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 404.20
LESS: DELINQUENT SERVICE FEES: 40,499.52
---------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 70,402.44
AMOUNT PER $1000 CERTIFICATE: 0.234647
</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 3,292,456.15 1,127,041,51 568,533.17 4,988.030.83
NUMBER OF LOANS 75 19 12 106
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 5,865,030.49 1,448,542.35 3,203,195.60 10,516,768.44
NUMBER OF LOANS 76 16 31 123
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 147,355.05 1,054,448.11 9,482,400.11 10,951,145.50
NUMBER OF LOANS 4 20 141 172
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 730,598.31 3,280,453.74 20,754,682.95 25,682,661.09
NUMBER OF LOANS 9 36 221 277
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 194,531.04 194,531.04
NUMBER OF LOANS 0 0 3 3
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 356,912.39 356,912.39
NUMBER OF LOANS 0 0 3 3
</TABLE>
REALIZED LOSS INFORMATION:
<TABLE>
<CAPTION>
GROUP 1 GROUP 2 TOTAL
--------- ------- ---------
<S> <C> <C> <C>
PRIOR REALIZED LOSSES: 11,827.20 0.00 11,827.20
PLUS: CURRENT REALIZED LOSSES 0.00 0.00 0.00
--------- ---- ---------
CUMULATIVE REALIZED LOSSES: 11,827.20 0.00 11,827.20
========= ==== =========
</TABLE>
PAGE 2 of 4 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 2025 1678
ENDING NUMBER OF LOANS: 1985 1635
BEGINNING PRINCIPAL BALANCE OF POOL: 110,264,307.40 156,870,491.60
ENDING PRINCIPAL BALANCE OF POOL: 108,667,341.93 152,835,038.49
GROUP FACTOR: 109.2195% 94.9984%
WEIGHTED AVERAGE TERM TO MATURITY: 272.89 346.14
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.738386% 11.799855%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.733007% 11.836521%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 40 45
PRINCIPAL BALANCE: 1,463,047.13 3,921,324.09
AMOUNT PER $1000 CERTIFICATE: 28.077746 127.319851
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 404.20 0.00
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00 0.00
REO PROPERTY INFORMATION:
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH FORECLOSURE: 173,165.00 548,748.00
AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 0.00 356,912.39
NUMBER OF REO LOANS: 0 3
BALANCE OF LOANS IN BANKRUPTCY 0.00 0.00
NUMBER OF LOANS IN BANKRUPTCY 0 0
AVAILABLE FUNDS: 2,629,626.16 5,512,631.34
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 10,718.80 14,778.42
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 1,596,965.47 4,035,453.11
EXCESS CASH DISTRIBUTION: 384,081.77 648,683.48
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 3,460,349.16 9,734,955.60
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 3 of 4 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,078,604.15 1,542,540.94
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 133,918.34 114,129.02
PREPAYMENTS IN FULL 1,463,047.13 3,921,324.09
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
---- ----
1,596,965.47 4,035,453.11
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: 404.20 0.00
AGGREGATE REPURCHASE PRICE: 0.00 0.00
SUBSTITUTION OF QUALIFIED REPLACEMENT MORTGAGE LOAN: 0.00 0.00
MONTHLY ADVANCES: 375,167.02 592,572.58
MONTHLY SERVICING FEE: (30,345.93) (40,460.71)
DELINQUENT INTEREST: (390,764.55) (617,474.58)
SERVICING ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
MONTHLY ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
PREPAYMENT INTEREST SHORTFALL: (404.20) 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): 2,629,626.16 5,512,631.34
------------ ------------
TOTAL REMITTANCE DUE: 8,142,257.50
=============
</TABLE>
PAGE 4 of 4 COPYRIGHT 1996 Bankers Trust Co
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-B
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 110,264,307.40 156,870,491.60
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 45,943.46 65,362.70
PRIOR DEFERRED GUARANTEE FEE AMOUNT 833,613.65
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 111,306.17
CURRENT GUARANTEE FEE PAYMENT AMOUNT 0.00
------------
CURRENT DEFERRED GUARANTEE FEE AMOUNT 944,919.82
============
</TABLE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-C
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 69,200,000.00 61,236,901.96 323,875.17 2,588,480.59 2,912,355.76 0.00 0.00 58,648,421.37
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-2 350,000,000.00 326,065,995.90 1,789,196.58 7,407,607.70 9,196,804.28 0.00 0.00 318,658,388.20
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 525,000,000.00 493,102,897.86 2,774,831.33 9,996,088.29 12,770,919.62 0.00 0.00 483,106,809.57
</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 00253CBS5 884.926329 4.680277 37.405789 42.086066 847.520540 5.600000% 5.537500%
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 931.617131 5.111990 21.164593 26.276584 910.452538 5.810000% 5.747500%
R 00253CBY2 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: January 31, 1997
DISTRIBUTION DATE: FEBRUARY 18, 1997
ADMINISTRATOR: Whitney Knox
Bankers Trust Company
3 Park Plaza
Irvine, CA 92714
FACTOR INFORMATION: (800) 735-7777
PAGE 1 of 4 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-C
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 1,147,058.60
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 209,144.48
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
-----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 209,144.48
===========
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: DELINQUENT SERVICE FEES: 49,546.23
-----------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 159,598.25
AMOUNT PER $1000 CERTIFICATE: 0.303997
</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 5,189,018.08 1,366,059.49 814,659.22 7,369,736.79
NUMBER OF LOANS 88 26 12 126
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 11,004,823.86 2,608,056.30 1,775,821.50 15,388,701.66
NUMBER OF LOANS 135 26 19 180
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 451,992.68 1,290,249.44 5,297,137.74 7,058,415.98
NUMBER OF LOANS 7 24 72 104
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 1,488,756.04 3,474,219.37 17,198,508.44 22,161,622.14
NUMBER OF LOANS 12 42 185 239
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 80,685.16 0.00 271,260.07 351,945.23
NUMBER OF LOANS 2 0 4 6
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 58,427.79 364,003.07 422,430.86
NUMBER OF LOANS 0 1 4 5
</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 2 of 4 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-C
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
-------- --------
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 3015 3588
ENDING NUMBER OF LOANS: 2974 3513
BEGINNING PRINCIPAL BALANCE OF POOL: 169,273,119.84 332,673,621.30
ENDING PRINCIPAL BALANCE OF POOL: 167,218,941.50 326,337,271.93
GROUP FACTOR: 115.4333% 112.4723%
WEIGHTED AVERAGE TERM TO MATURITY: 294.62 350.40
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.403321% 10.945476%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.392690% 11.394601%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 41 75
PRINCIPAL BALANCE: 1,860,293.62 6,216,441.63
AMOUNT PER $1000 CERTIFICATE: 26.882856 113.438716
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: 3,592,211.00 9,232,128.10
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 18,095.66 35,323.82
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 2,054,178.34 6,336.349.37
EXCESS CASH DISTRIBUTION: 534,302.25 1,071,258.34
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 2,770,520.13 7,678,883.73
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 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-C
TRUSTEE DISTRIBUTION DATE STATEMENT
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
-------- --------
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,608,563.13 3,034,392.74
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 193,884.72 119,907.74
PREPAYMENTS IN FULL 1,860,293.62 6,216,441.63
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
---- ----
2,054,178.34 6,336,349.37
PAYMENTS AHEAD
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: 395,910.68 751,147.92
MONTHLY SERVICING FEE: (53,884.48) (105,713.77)
DELINQUENT INTEREST: (412,556.67) (784,048.16)
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): 3,592,211.00 9,232,128.10
------------- -------------
TOTAL REMITTANCE DUE: 12,824,339.10
=============
</TABLE>
PAGE 4 of 4 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-C
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 169,273,119.84 332,673,621.30
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 70,530.47 138,614.01
PRIOR DEFERRED GUARANTEE FEE AMOUNT 1,062,305.41
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 209,144.48
CURRENT GUARANTEE FEE PAYMENT AMOUNT 0.00
------------
CURRENT DEFERRED GUARANTEE FEE AMOUNT 1,271,449.88
============
</TABLE>
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-D
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 85,500,000.00 83,913,018.78 442,221.61 1,512,542.75 1,954,764.36 0.00 0.00 82,400,476.03
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-2 358,000,000.00 354,333,716.48 1,933,995.56 3,985,930.49 5,919,926.05 0.00 0.00 350,347,785.99
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 600,000,000.00 594,746,735.26 3,259,129.67 5,498,473.24 8,757,602.91 0.00 0.00 589,248,262.02
</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 981.438816 5.172183 17.690558 22.862741 963.748258 5.580000% 5.517500%
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 989.758985 5.402222 11.133884 16.536106 978.625101 5.720000% 5.657500%
R 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: January 31, 1997
DISTRIBUTION DATE: FEBRUARY 18, 1997
ADMINISTRATOR: Whitney Iger
Bankers Trust Company
3 Park Plaza
Irvine, CA 92714
FACTOR INFORMATION: (800) 735-7777
PAGE 1 of 4 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-D
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 1,697,675.42
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 249,723.83
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
-----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 249,723.83
===========
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 317.48
LESS: DELINQUENT SERVICE FEES: 80,954.98
-----------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 168,451.37
</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 9,736,984.36 2,620,570.93 264,273.95 12,621,829.24
NUMBER OF LOANS 171 43 5 219
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 33,209,344.74 3,365,412.49 402,440.94 36,977,198.17
NUMBER OF LOANS 352 43 5 400
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 165,856.91 1,109,568.24 884,636.05 2,160,061.20
NUMBER OF LOANS 4 22 16 42
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 351,312.58 1,969,845.16 844,723.91 3,310,324.65
NUMBER OF LOANS 6 24 12 44
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 2 of 3 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-D
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
-------- --------
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 4220 3806
ENDING NUMBER OF LOANS: 4206 3771
BEGINNING PRINCIPAL BALANCE OF POOL: 241,229,080.04 358,140,311.25
ENDING PRINCIPAL BALANCE OF POOL: 240,507,890.12 355,119,494.07
GROUP FACTOR: 83.4262% 80.5332%
WEIGHTED AVERAGE TERM TO MATURITY: 289.41 355.11
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.158077% 10.342449%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.154778% 10.369240%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 14 35
PRINCIPAL BALANCE: 622,169.79 2,849,967.49
AMOUNT PER $1000 CERTIFICATE: 0.00 90,634.21
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: 2,863,721.60 5,958,312.20
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 26,044.74 38,386.15
CLASS A MONTHLY INTEREST 1,325,134.11 1,933,995.56
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 721,189.92 3,020,817.18
EXCESS CASH DISTRIBUTION: 791,352.83 965,113.31
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 1,607,414.09 4,771,708.08
REQUIRED COVERAGE AMOUNT: 7,927,928.19 20,945,629.99
COVERAGE SURPLUS: 0.00 0.00
COVERAGE DEFICIT: 0.00 0.00
UNREIMBURSED MONTHLY ADVANCES: 0.00 0.00
MONTHLY/SERVICING ADVANCES REIMBURSED IN CURRENT DISTRIBUTION: 0.00 0.00
</TABLE>
PAGE 3 of 3 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-D
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
-------- --------
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 2,243,043.80 3,086,706.73
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 99,020.13 80,215.48
PREPAYMENTS IN FULL 622,169.79 2,849,967.49
CURTAILMENTS 0.00 90,634.21
TERMINATION PRINCIPAL 0.00 0.00
---- ----
721,189.92 3,020,817.18
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: 598,811.94 1,098,863.48
MONTHLY SERVICING FEE: (74,000.14) (94,768.70)
DELINQUENT INTEREST: (625,323.92) (1,153,306.49)
SERVICING ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
MONTHLY ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
PREPAYMENT INTEREST SHORTFALL: 0.00 (317.48)
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): 2,863,721.60 5,958,312.20
------------- -------------
TOTAL REMITTANCE DUE: 8,822,033.80
=============
</TABLE>
PAGE 1 of 1 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-D
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
-------- --------
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 162,475.94 364,224.73
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 10,895.28 14,208.98
PREPAYMENTS IN FULL 42,020.00 0.00
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
---- ----
52,915.28 14,208.98
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: 40,909.76 106,680.80
MONTHLY SERVICING FEE: 4,949.72 11,202.06
DELINQUENT INTEREST: (42,501.41) (111,138.15)
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): 218,749.29 385,178.42
---------- ----------
TOTAL REMITTANCE DUE FOR PACIFIC LOANS: 603,927.71
----------
</TABLE>
PAGE 1 of 2 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-D
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: FEBRUARY 18, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
-------- --------
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 15,699,269.21 37,582,594.78
ENDING PRINCIPAL BALANCE OF POOL: 15,646,353.93 37,568,385.80
GROUP FACTOR: 125.6768% 124.6639%
BEGINNING NUMBER OF LOANS: 228 364
ENDING NUMBER OF LOANS: 227 364
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 1 0
PRINCIPAL BALANCE: 42,020.00 0.00
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
---- ---- ----
CUMULATIVE REALIZED LOSSES: 0.00 0.00 0.00
==== ==== ====
</TABLE>
PAGE 2 of 2 COPYRIGHT 1996 Bankers Trust Company
<PAGE>
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