|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: LA T SPORTSWEAR INC /, 10-K405, 1997-03-27 |
Next: AMERICAN ASSET ADVISERS TRUST INC, 10-K, 1997-03-27 |
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)
MARCH 17, 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/ Mark E. Elbaum
-------------------------------
Mark E. Elbaum
Senior Vice President - Finance
and Chief Accounting Officer
Dated: March 27, 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
<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 21,074,892.79 110,204.13 2,066,632.48 2,176,836.61 0.00 0.00 19,008,260.31
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 75,217,251.71 327,900.21 4,315,987.47 4,643,887.68 0.00 0.00 70,901,264.24
R 0.00 0.00 765,739.61 0.00 765,739.61 0.00 0.00 0.00
TOTALS 200,000,000.00 155,706,144.50 1,552,341.53 6,382,619.95 7,934,961.48 0.00 0.00 149,323,524.55
</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 519.265086 2.715324 50.919836 53.635160 468.345250 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 752.172517 3.279002 43.159875 46.438877 709.012642 5.812500% 5.812500%
R AA960A101 0.000000 3.828698 0.000000 3.828698 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: February 28, 1997 Irvine, CA 92714
DISTRIBUTION DATE: March 17, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
Page 1 of 4
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: March 17, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 692,510.91
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 68,523.39
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
---------
TOTAL SERVICING FEES DUE MASTER SERVICER: 68,523.39
LESS:-AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
==========
LESS:-DELINQUENT SERVICE FEES: 28,927.99
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 39,595.40
AMOUNT PER $1000 CERTIFICATE: 0.197977
</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 3,735,505.25 595,166.72 508,227.91 4,838,899.88
NUMBER OF LOANS 47 11 11 69
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 3,951,222.61 851,149.12 1,389,213.86 6,191,585.59
NUMBER OF LOANS 36 10 12 58
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 233,881.30 269,932.40 8,742,001.18 9,770,495.09
NUMBER OF LOANS 4 4 115 133
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 809,431.78 1,082,068.02 12,820,366.34 15,517,968.46
NUMBER OF LOANS 6 11 120 147
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 1,542,526.27 1,542,526.27
NUMBER OF LOANS 0 0 23 23
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 1,721,618.87 1,721,618.87
NUMBER OF LOANS 0 0 17 17
</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 0.00 0.00 0.00
---------- ---- ----------
CUMULATIVE REALIZED LOSSES: 170,877.20 0.00 170,877.20
========== ==== ==========
Page 2 of 4
COPYRIGHT 1997 Bankers Trust Company
</TABLE>
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: March 17, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 1424 781
ENDING NUMBER OF LOANS: 1383 747
BEGINNING PRINCIPAL BALANCE OF POOL: 84,238,892.79 80,217,251.71
ENDING PRINCIPAL BALANCE OF POOL: 82,172,260.31 75,901,264.24
GROUP FACTOR: 82.17226031% 74.82383070%
WEIGHTED AVERAGE TERM TO MATURITY: 280.49 344.31
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.698836% 12.194704%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.687724% 12.291625%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 41 34
PRINCIPAL BALANCE: 1,987,683.74 4,291,008.61
AMOUNT PER $1000 CERTIFICATE: 48.974615 147.508031
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: 1,614,192.00 1,777,253.00
AVAILABLE FUNDS: 2,852,780.44 5,097,751.67
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 8,048.89 7,521.73
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 2,066,632.48 4,315,987.47
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 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: March 17, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 821,247.51 815,188.05
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 91,668.25 24,978.86
PREPAYMENTS IN FULL 1,987,683.74 4,291,008.61
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
------------ ------------
2,079,351.99 4,315,987.47
PAYMENTS AHEAD (12,719.51)
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: 335,515.78 356,995.13
MONTHLY SERVICING FEE: (20,757.32) (18,838.08)
DELINQUENT INTEREST: (349,858.01) (371,580.90)
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): 2,852,780.44 5,097,751.67
============ ============
TOTAL REMITTANCE DUE: 7,950,532.11
============
Page 4 of 4
COPYRIGHT 1997 Bankers Trust Company
</TABLE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: March 17, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 84,238,892.79 80,217,251.71
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 35,099.54 33,423.85
PRIOR DEFERRED GUARANTEE FEE AMOUNT 0.00
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 68,523.39
CURRENT GUARANTEE FEE PAYMENT AMOUNT (68,523.39)
CURRENT DEFERRED GUARANTEE FEE AMOUNT 0.00
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
</TABLE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
<TABLE>
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 37,278,992.77 155,103.91 2,751,286.16 2,906,390.07 0.00 0.00 34,527,706.61
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-2 180,000,000.00 143,100,082.89 618,997.30 5,126,803.67 5,745,800.97 0.00 0.00 137,973,279.22
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 300,035,000.00 248,307,075.66 1,203,948.54 7,878,089.83 9,082,038.37 0.00 0.00 240,428,985.83
</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 715.431569 2.976642 52.800702 55.777344 662.630867 5.547500% 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 795.000461 3.438874 28.482243 31.921116 766.518218 5.767500% 5.767500%
R AA960B101 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: February 28, 1997 Irvine, CA 92714
DISTRIBUTION DATE: March 17, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
Page 1 of 4
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital
Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
Distribution Date: March 17, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 977,316.25
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 108,959.33
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 108,959.33
LESS:- AMOUNTS TO COVER INTEREST SHORTFALLS: 28.71
LESS:- DELINQUENT SERVICE FEES: 41,047.54
----------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 67,883.08
AMOUNT PER $1000 CERTIFICATE: 0.226251
</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 3,595,468.38 645,119.39 738,312.99 4,978,900.76
NUMBER OF LOANS 70 12 14 96
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 5,105,966.87 1,725,661.40 2,247,874.51 9,079,502.78
NUMBER OF LOANS 74 22 22 118
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 32,300.22 367,519.15 10,356,574.42 11,095,618.48
NUMBER OF LOANS 1 10 155 173
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 964,696.18 2,243,043.61 22,002,365.60 26,423,626.97
NUMBER OF LOANS 7 27 236 287
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 406,835.89 406,835.89
NUMBER OF LOANS 0 0 6 6
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 840,937.54 840,937.54
NUMBER OF LOANS 0 0 6 6
</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 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
Distribution Date: March 17, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 1985 1635
ENDING NUMBER OF LOANS: 1940 1592
BEGINNING PRINCIPAL BALANCE OF POOL: 108,667,341.93 152,835,038.49
ENDING PRINCIPAL BALANCE OF POOL: 106,337,801.30 148,518,775.54
GROUP FACTOR: 106.8781% 92.3155%
WEIGHTED AVERAGE TERM TO MATURITY: 272.36 345.66
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.733007% 11.836521%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.715949% 11.880765%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 45 43
PRINCIPAL BALANCE: 2,211,899.05 4,185,950.05
AMOUNT PER $1000 CERTIFICATE: 42.449173 135.911882
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 28.71 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: 406,835.89 840,937.54
NUMBER OF REO LOANS: 0 6
BALANCE OF LOANS IN BANKRUPTCY 0.00 0.00
NUMBER OF LOANS IN BANKRUPTCY 0 0
AVAILABLE FUNDS: 3,346,758.11 5,760,110.98
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 10,520.70 14,310.01
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 2,329,540.63 4,316,262.95
EXCESS CASH DISTRIBUTION: 421,745.53 810,540.73
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 3,882,094.69 10,545,496.32
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 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
Distribution Date: March 17, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,062,495.53 1,507,529.29
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 123,471.30 130,312.90
PREPAYMENTS IN FULL 2,211,899.05 4,185,950.05
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
------------ ------------
2,335,370.35 4,316,262.95
PAYMENTS AHEAD (5,829.72) 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: 28.71 0.00
AGGREGATE REPURCHASE PRICE: 0.00 0.00
SUBSTITUTION OF QUALIFIED REPLACEMENT MORTGAGE LOAN: 0.00 0.00
MONTHLY ADVANCES: 385,741.08 591,575.17
MONTHLY SERVICING FEE: (29,120.95) (38,790.84)
DELINQUENT INTEREST: (401,898.18) (616,465.59)
SERVICING ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
MONTHLY ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
PREPAYMENT INTEREST SHORTFALL: (28.71) 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): 3,346,758.11 5,760,110.98
============ ============
TOTAL REMITTANCE DUE: 9,106,869.09
============
</TABLE>
Page 4 of 4
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
Distribution Date: March 17, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 108,667,341.93 152,835,038.49
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 45,278.06 63,681.27
PRIOR DEFERRED GUARANTEE FEE AMOUNT 944,919.82
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 108,959.33
CURRENT GUARANTEE FEE PAYMENT AMOUNT 0.00
CURRENT DEFERRED GUARANTEE FEE AMOUNT 1,053,879.14
</TABLE>
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
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 58,648,421.37 243,574.23 2,470,875.10 2,714,449.33 0.00 0.00 56,177,546.27
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-2 350,000,000.00 318,658,388.20 1,373,616.81 9,374,841.68 10,748,458.49 0.00 0.00 309,283,546.52
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 525,000,000.00 483,106,809.57 2,278,950.62 11,845,716.78 14,124,667.40 0.00 0.00 471,261,092.79
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
</TABLE>
<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 847.520540 3.519859 35.706288 39.226146 811.814252 5.537500% 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 910.452538 3.924619 26.785262 30.709881 883.667276 5.747500% 5.747500%
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: February 28, 1997 Irvine, CA 92714
DISTRIBUTION DATE: March 17, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
Page 1 of 4
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-C
Statement To Certificateholders
Distribution Date: March 17, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 1,315,995.47
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 205,648.43
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 205,648.43
LESS:- AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS:- DELINQUENT SERVICE FEES: 55,679.64
----------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 149,968.79
AMOUNT PER $1000 CERTIFICATE: 0.285655
</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 5,353,871.55 554,639.25 1,210,769.82 7,119,280.62
NUMBER OF LOANS 93 10 24 127
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 13,120,346.67 2,607,779.17 2,121,440.08 17,849,565.92
NUMBER OF LOANS 148 29 24 201
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 79,220.71 1,230,130.86 6,948,425.32 8,294,279.41
NUMBER OF LOANS 2 19 103 126
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 128,781.95 4,106,846.67 21,169,449.80 25,404,662.21
NUMBER OF LOANS 2 42 229 273
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 201,466.50 201,466.50
NUMBER OF LOANS 0 0 2 2
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 89,620.17 89,620.17
NUMBER OF LOANS 0 0 1 1
</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 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-C
Statement To Certificateholders
Distribution Date: March 17, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 2974 3513
ENDING NUMBER OF LOANS: 2930 3445
BEGINNING PRINCIPAL BALANCE OF POOL: 167,218,941.50 326,337,271.93
ENDING PRINCIPAL BALANCE OF POOL: 165,342,804.13 318,517,053.99
GROUP FACTOR: 114.1382% 109.7771%
WEIGHTED AVERAGE TERM TO MATURITY: 293.78 349.37
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.392690% 11.394601%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.381313% 11.645817%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 44 68
PRINCIPAL BALANCE: 1,712,960.20 7,621,562.70
AMOUNT PER $1000 CERTIFICATE: 24.753760 139.079611
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: 205,097.00 91,227.00
AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 201,466.50 89,620.17
NUMBER OF REO LOANS: 2 1
BALANCE OF LOANS IN BANKRUPTCY 430,760.52 491,376.72
NUMBER OF LOANS IN BANKRUPTCY 7 6
AVAILABLE FUNDS: 3,394,024.16 10,782,979.82
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 17,815.25 34,521.33
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 1,876,137.37 7,820,217.94
EXCESS CASH DISTRIBUTION: 594,737.74 1,554,623.74
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 3,365,257.86 9,233,507.47
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
Distribution Date: March 17, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,587,561.34 3,098,735.75
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 164,731.69 198,655.24
PREPAYMENTS IN FULL 1,712,960.20 7,621,562.70
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
------------ ------------
1,877,691.89 7,820,217.94
PAYMENTS AHEAD (1,554.52) 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: 437,601.68 878,393.79
MONTHLY SERVICING FEE: (51,080.20) (98,888.59)
DELINQUENT INTEREST: (456,196.03) (915,479.07)
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): 3,394,024.16 10,782,979.82
============ =============
TOTAL REMITTANCE DUE: 14,177,003.98
=============
</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: March 17, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 167,218,941.50 326,337,271.93
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 69,674.56 135,973.86
PRIOR DEFERRED GUARANTEE FEE AMOUNT 1,271,449.88
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 205,648.42
CURRENT GUARANTEE FEE PAYMENT AMOUNT 0.00
CURRENT DEFERRED GUARANTEE FEE AMOUNT 1,477,098.30
</TABLE>
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
<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 82,400,476.02 340,983.47 3,398,127.31 3,739,110.78 0.00 0.00 79,002,348.71
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-2 358,000,000.00 350,328,989.20 1,486,489.69 4,660,547.34 6,147,037.03 0.00 0.00 345,668,441.86
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL600,000,000.00 589,229,465.22 2,710,385.66 8,058,674.65 10,769,060.31 0.00 0.00 581,170,790.57
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
</TABLE>
<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 963.748258 3.988111 39.744179 43.732290 924.004078 5.517500% 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 978.572596 4.152206 13.018289 17.170495 965.554307 5.657500% 5.657500%
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: February 28, 1997 Irvine, CA 92714
DISTRIBUTION DATE: March 17, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
Page 1 of 4
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
Distribution Date: March 17, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 1,082,501.53
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 248,137.87
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 248,137.87
LESS:- AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS:- DELINQUENT SERVICE FEES: 47,783.82
----------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 200,354.05
</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 6,994,846.25 3,200,542.78 1,281,153.50 11,476,542.53
NUMBER OF LOANS 121 49 23 193
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 14,899,759.93 6,644,582.35 1,440,109.60 22,984,451.88
NUMBER OF LOANS 172 72 18 262
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 656,005.95 2,664,933.62 3,386,189.57
NUMBER OF LOANS 0 14 44 59
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 214,798.12 3,198,788.31 3,873,297.61 7,327,785.95
NUMBER OF LOANS 5 35 51 92
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 33,168.08 33,168.08
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
<TABLE>
<CAPTION>
Distribution Date: March 17, 1997
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 4206 3784
ENDING NUMBER OF LOANS: 4163 3741
BEGINNING PRINCIPAL BALANCE OF POOL: 240,507,890.12 355,022,995.70
ENDING PRINCIPAL BALANCE OF POOL: 237,995,451.13 351,757,807.55
GROUP FACTOR: 82.7617% 80.3387%
WEIGHTED AVERAGE TERM TO MATURITY: 288.42 354.11
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.154778% 10.369111%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.147494% 10.538983%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 43 43
PRINCIPAL BALANCE: 2,237,358.92 4,039,459.67
PARTIAL PREPAYMENTS COLLECTED: 0.00 (1,059,663.85)
REO PROPERTY INFORMATION:
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH FORECLOSURE: 0.00 0.00
AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 33,168.08 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: 4,647,904.16 6,184,989.34
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 25,880.88 37,952.31
CLASS A MONTHLY INTEREST 1,223,895.97 1,486,489.69
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 2,512,438.99 3,265,188.15
EXCESS CASH DISTRIBUTION: 885,688.32 1,395,359.19
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 2,493,102.42 6,089,365.69
REQUIRED COVERAGE AMOUNT: 7,908,095.47 20,797,557.50
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: March 17, 1997
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 2,234,738.51 3,066,868.26
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 275,080.07 285,392.33
PREPAYMENTS IN FULL 2,139,437.46 3,954,959.67
CURTAILMENTS 0.00 (1,059,663.85)
TERMINATION PRINCIPAL 0.00 0.00
------------ -----------
2,414,517.53 3,180,688.15
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: 98,859.75 85,359.18
SUBSTITUTION OF QUALIFIED REPLACEMENT MORTGAGE LOAN: 0.00 0.00
MONTHLY ADVANCES: 405,927.87 676,573.66
MONTHLY SERVICING FEE: (83,195.78) (117,158.27)
DELINQUENT INTEREST: (422,943.72) (707,341.64)
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): 4,647,904.16 6,184,989.34
REMITTANCE ADJUSTED FOR ESCROW FUNDS USED IN REPURCHASES: 4,549,982.70 6,153,565.74
============ ============
TOTAL REMITTANCE DUE: 10,703,548.44
=============
</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: March 17, 1997
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 161,822.44 364,811.58
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 8,015.90 15,454.19
PREPAYMENTS IN FULL 98,841.62 429,086.01
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
---------- ---------
106,857.52 444,540.20
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: 34,586.34 97,464.84
MONTHLY SERVICING FEE: 5,224.09 11,699.10
DELINQUENT INTEREST: (35,881.57) (101,419.23)
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): 272,608.82 817,096.49
========== ==========
TOTAL REMITTANCE DUE FOR PACIFIC LOANS: 1,089,705.31
============
</TABLE>
Page 1 of 2
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
Distribution Date: March 17, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 15,646,353.93 37,568,385.80
ENDING PRINCIPAL BALANCE OF POOL: 15,539,496.41 37,123,845.60
GROUP FACTOR: 124.8185% 123.1887%
BEGINNING NUMBER OF LOANS: 227 364
ENDING NUMBER OF LOANS: 224 360
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 3 4
PRINCIPAL BALANCE: 98,841.62 429,086.01
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>
Page 2 of 2
COPYRIGHT 1997 Bankers Trust Company
|
|