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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)
APRIL 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: April 18, 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 19,008,260.31 99,397.36 2,791,795.77 2,891,193.13 0.00 0.00 16,216,464.54
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 70,901,264.24 331,980.40 3,196,411.92 3,528,392.32 0.00 0.00 67,704,852.32
R 0.00 0.00 717,125.48 0.00 717,125.48 0.00 0.00 0.00
TOTAL 200,000,000.00 149,323,524.55 1,497,000.83 5,988,207.69 7,485,208.52 0.00 0.00 143,335,316.86
</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 00253CBE6 468.345250 2.449055 68.787162 71.236218 399.558088 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 709.012642 3.319804 31.964119 35.283923 677.048523 5.812500% 6.062500%
R AA960A101 0.000000 3.585627 0.000000 3.585627 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: March 31, 1997 Irvine, CA 92714
DISTRIBUTION DATE: April 15, 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: April 15, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 645,790.43
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 65,863.96
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
---------
TOTAL SERVICING FEES DUE MASTER SERVICER: 65,863.96
LESS:- AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
=========
LESS:- DELINQUENT SERVICE FEES: 26,889.45
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 38,974.51
AMOUNT PER $1000 CERTIFICATE: 0.194873
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 3,426,496.58 395,941.61 832,339.20 4,654,777.39
NUMBER OF LOANS 51 6 16 73
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 2,766,023.71 1,151,754.88 1,880,478.36 5,798,256.95
NUMBER OF LOANS 29 14 18 61
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 254,033.61 622,822.12 7,725,707.40 9,597,459.61
NUMBER OF LOANS 5 8 104 132
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 378,753.20 1,048,937.43 11,433,960.30 14,284,253.32
NUMBER OF LOANS 5 8 106 133
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 1,692,924.90 1,692,924.90
NUMBER OF LOANS 0 0 25 25
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 2,742,693.48 2,742,693.48
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 0.00 0.00 0.00
---------- ---- ----------
CUMULATIVE REALIZED LOSSES: 170,877.20 0.00 170,877.20
</TABEL>
Page 2 of 4
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: April 15, 1997
</TABLE>
<TABLE>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 1383 747
ENDING NUMBER OF LOANS: 1343 715
BEGINNING PRINCIPAL BALANCE OF POOL: 82,172,260.31 75,901,264.24
ENDING PRINCIPAL BALANCE OF POOL: 79,380,464.54 72,704,852.32
GROUP FACTOR: 79.38046454% 71.67279249%
WEIGHTED AVERAGE TERM TO MATURITY: 279.08 343.51
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.687724% 12.291625%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.677365% 12.308097%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 40 32
PRINCIPAL BALANCE: 2,707,607.30 3,172,012.61
AMOUNT PER $1000 CERTIFICATE: 66.712839 109.041341
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: 1,785,369.00 2,964,822.00
AVAILABLE FUNDS: 3,557,896.25 3,942,244.63
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 7,842.23 7,090.13
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 2,791,795.77 3,196,411.92
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: April 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 800,338.92 777,458.24
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 106,087.29 24,399.31
PREPAYMENTS IN FULL 2,707,607.30 3,172,012.61
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
------------ ------------
2,813,694.59 3,196,411.92
PAYMENTS AHEAD (21,898.82)
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: 307,694.77 338,095.66
MONTHLY SERVICING FEE: (21,089.51) (17,885.00)
DELINQUENT INTEREST: (320,843.70) (351,836.19)
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): 3,557,896.25 3,942,244.63
============ ============
TOTAL REMITTANCE DUE: 7,500,140.88
============
</TABLE>
Page 4 of 4
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: April 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 82,172,260.31 75,901,264.24
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 34,238.44 31,625.53
PRIOR DEFERRED GUARANTEE FEE AMOUNT 0.00
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 65,863.97
CURRENT GUARANTEE FEE PAYMENT AMOUNT (65,863.97)
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>
<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 34,527,706.61 154,298.09 3,320,288.92 3,474,587.01 0.00 0.00 31,207,417.69
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-2 180,000,000.00 137,973,279.22 641,029.60 6,291,615.67 6,932,645.27 0.00 0.00 131,681,663.55
R 0.00 0.00 346,766.02 0.00 346,766.02 0.00 0.00 0.00
TOTALS 300,035,000.00 240,428,985.83 1,571,941.05 9,611,904.59 11,183,845.64 0.00 0.00 230,817,081.24
</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 662.630867 2.961178 63.720593 66.681770 598.910275 5.547500% 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 766.518218 3.561276 34.953420 38.514696 731.564798 5.767500% 6.017500%
R AA960B101 0.000000 1.155752 0.000000 1.155752 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: March 31, 1997 Irvine, CA 92714
DISTRIBUTION DATE: April 15, 1997 FACTOR INFORMATI (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: April 15, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 919,711.10
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 106,190.23
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 106,190.23
LESS:-AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
=========
LESS:- DELINQUENT SERVICE FEES: 38,507.51
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 67,682.72
AMOUNT PER $1000 CERTIFICATE: 0.225583
</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 2,662,007.93 429,577.51 720,851.80 3,812,437.24
NUMBER OF LOANS 54 9 15 78
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 4,830,359.05 1,331,538.20 2,320,048.99 8,481,946.24
NUMBER OF LOANS 60 23 29 112
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 43,207.60 153,442.82 10,088,365.04 10,594,588.61
NUMBER OF LOANS 2 4 148 161
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 759,354.95 1,306,182.33 22,678,448.49 26,091,150.09
NUMBER OF LOANS 6 14 242 279
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 514,877.67 514,877.67
NUMBER OF LOANS 0 0 9 9
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 1,255,220.21 1,255,220.21
NUMBER OF LOANS 0 0 10 10
</TABLE>
<TABLE>
<CAPTION>
REALIZED LOSS INFORMATION:
GROUP 1 GROUP 2 TOTAL
<C> <C> <C>
PRIOR REALIZED LOSSES: 11,827.20 0.00 11,827.20
PLUS: CURRENT REALIZED LOSSES 0.00 12,412.22 12,412.22
--------- --------- ---------
CUMULATIVE REALIZED LOSSES: 11,827.20 12,412.22 24,239.42
</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:April 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 1940 1592
ENDING NUMBER OF LOANS: 1880 1540
BEGINNING PRINCIPAL BALANCE OF POOL: 106,337,801.30 148,518,775.54
ENDING PRINCIPAL BALANCE OF POOL: 103,336,651.69 142,702,071.55
GROUP FACTOR: 103.8617% 88.7000%
WEIGHTED AVERAGE TERM TO MATURITY: 272.00 344.68
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.715949% 11.880765%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.703698% 12.001209%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 60 52
PRINCIPAL BALANCE: 2,874,035.93 5,742,766.33
AMOUNT PER $1000 CERTIFICATE: 55.156427 186.459506
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: 514,877.67 1,255,220.21
NUMBER OF REO LOANS: 9 10
BALANCE OF LOANS IN BANKRUPTCY 0.00 0.00
NUMBER OF LOANS IN BANKRUPTCY 0 0
AVAILABLE FUNDS: 3,995,049.04 7,212,839.49
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 10,245.57 13,797.33
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 3,001,149.61 5,804,291.77
EXCESS CASH DISTRIBUTION: 319,139.31 487,323.90
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 3 of 4
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
Distribution Date:April 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,038,206.85 1,470,430.54
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 130,272.45 53,154.91
PREPAYMENTS IN FULL 2,874,035.93 5,742,766.33
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
------------ ------------
3,004,308.38 5,795,921.24
PAYMENTS AHEAD (3,158.77) 0.00
TRUST INSURANCE PROCEEDS (PRINCIPAL & INTEREST): 0.00 0.00
NET LIQUIDATION PROCEEDS: 0.00 8,370.53
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: 353,968.84 565,742.26
MONTHLY SERVICING FEE: (29,470.26) (38,212.46)
DELINQUENT INTEREST: (368,806.00) (589,412.62)
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): 3,995,049.04 7,212,839.49
============ ============
TOTAL REMITTANCE DUE: 11,207,888.53
=============
</TABE>
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:April 15, 1997
</TABLE>
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 106,337,801.30 148,518,775.54
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 44,307.42 61,882.82
PRIOR DEFERRED GUARANTEE FEE AMOUNT 1,053,879.14
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 106,190.24
CURRENT GUARANTEE FEE PAYMENT AMOUNT (346,766.02)
CURRENT DEFERRED GUARANTEE FEE AMOUNT 813,303.36
</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 56,177,546.27 250,594.77 4,957,317.33 5,207,912.10 0.00 0.00 51,220,228.94
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-2 350,000,000.00 309,283,546.52 1,431,961.34 11,961,157.31 13,393,118.65 0.00 0.00 297,322,389.21
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 525,000,000.00 471,261,092.79 2,344,315.70 16,918,474.64 19,262,790.34 0.00 0.00 454,342,618.15
</TABLE
</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 811.814252 3.621312 71.637534 75.258845 740.176719 5.537500% 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 883.667276 4.091318 34.174735 38.266053 849.492541 5.747500% 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: March 31, 1997 Irvine, CA 92714
DISTRIBUTION DATE: April 15, 1997 FACTOR INFORMATI (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: April 15, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 1,284,396.50
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 201,608.27
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 201,608.27
LESS:- AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
==========
LESS:- DELINQUENT SERVICE FEES: 53,064.34
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 148,543.93
AMOUNT PER $1000 CERTIFICATE: 0.282941
</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 3,731,636.37 1,030,794.07 774,928.98 5,537,359.42
NUMBER OF LOANS 70 19 15 104
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 8,355,918.67 4,313,047.53 2,065,545.05 14,734,511.25
NUMBER OF LOANS 93 55 22 170
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 575,619.91 7,573,982.01 8,185,733.83
NUMBER OF LOANS 0 9 116 127
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 219,224.49 1,651,371.00 25,044,344.38 27,014,156.98
NUMBER OF LOANS 2 18 263 284
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 261,325.85 261,325.85
NUMBER OF LOANS 0 0 3 3
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 249,120.17 249,120.17
NUMBER OF LOANS 0 0 3 3
</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 4
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-C
Statement To Certificateholders
Distribution Date: April 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 2930 3445
ENDING NUMBER OF LOANS: 2857 3337
BEGINNING PRINCIPAL BALANCE OF POOL: 165,342,804.13 318,517,053.99
ENDING PRINCIPAL BALANCE OF POOL: 160,954,873.90 308,048,873.55
GROUP FACTOR: 111.1091% 106.1692%
WEIGHTED AVERAGE TERM TO MATURITY: 292.83 348.47
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.381313% 11.645817%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.367772% 11.740774%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 73 108
PRINCIPAL BALANCE: 4,208,586.50 10,112,401.35
AMOUNT PER $1000 CERTIFICATE: 60.817724 184.532871
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: 261,325.85 249,120.17
NUMBER OF REO LOANS: 3 3
BALANCE OF LOANS IN BANKRUPTCY 430,706.69 619,545.56
NUMBER OF LOANS IN BANKRUPTCY 7 7
AVAILABLE FUNDS: 5,887,219.25 13,426,624.37
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 17,547.57 33,505.72
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 4,387,930.23 10,468,180.44
EXCESS CASH DISTRIBUTION: 569,387.10 1,492,976.87
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 3,934,644.96 10,726,484.34
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: April 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,568,181.85 3,091,159.37
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 181,501.04 355,779.09
PREPAYMENTS IN FULL 4,208,586.50 10,112,401.35
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
------------ -------------
4,390,087.54 10,468,180.44
PAYMENTS AHEAD (2,157.31) 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: 395,049.69 889,346.81
MONTHLY SERVICING FEE: (52,300.85) (96,243.08)
DELINQUENT INTEREST: (411,641.67) (925,819.17)
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): 5,887,219.25 13,426,624.37
============ =============
TOTAL REMITTANCE DUE: 19,313,843.62
=============
</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: April 15, 1997
<TABLE>
<CAPTIONS>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 165,342,804.13 318,517,053.99
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 68,892.84 132,715.44
PRIOR DEFERRED GUARANTEE FEE AMOUNT 1,477,098.30
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 201,608.27
CURRENT GUARANTEE FEE PAYMENT AMOUNT 0.00
CURRENT DEFERRED GUARANTEE FEE AMOUNT 1,678,706.58
</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 79,002,348.71 351,138.01 3,722,674.44 4,073,812.45 0.00 0.00 75,279,674.27
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-2 358,000,000.00 345,668,441.86 1,575,359.92 6,782,304.52 8,357,664.44 0.00 0.00 338,886,137.34
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 600,000,000.00 581,170,790.57 2,809,410.43 10,504,978.96 13,314,389.39 0.00 0.00 570,665,811.61
</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 00253CBZ9 924.004078 4.106877 43.540052 47.646929 880.464027 5.517500% 5.830000%
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 965.554307 4.400447 18.944985 23.345431 946.609322 5.657500% 5.970000%
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: March 31, 1997 Irvine, CA 92714
DISTRIBUTION DATE: April 15, 1997 FACTOR INFORMATI (800) 735-7777
</TABLE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
Distribution Date: April 15, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 1,052,981.63
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 245,289.29
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 245,289.29
LESS:- AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
=========
LESS:- DELINQUENT SERVICE FEES: 45,242.15
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 200,047.14
</TABLE>
<TABLE>
<CAPTION>
DELINQUENT LOAN 30 TO 59 60 TO 89 90 PLUS
INFORMATION DAYS DAYS DAYS TOTAL
<S> <C> <C> <C> <C>
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 4,481,971.97 1,900,916.77 1,957,668.11 8,340,556.85
NUMBER OF LOANS 82 32 28 142
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 12,651,319.46 3,411,518.48 3,479,442.83 19,542,280.77
NUMBER OF LOANS 137 41 35 213
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 45,200.00 516,021.88 4,049,710.66 4,610,932.54
NUMBER OF LOANS 1 9 73 83
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 3,964,353.63 8,109,552.11 12,189,367.52
NUMBER OF LOANS 0 45 99 145
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>
<TABLE>
<CAPTION>
REALIZED LOSS INFORMATION:
GROUP 1 GROUP 2 TOTAL
<S> <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: April 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 4163 3741
ENDING NUMBER OF LOANS: 4108 3691
BEGINNING PRINCIPAL BALANCE OF POOL: 237,995,451.13 351,757,807.55
ENDING PRINCIPAL BALANCE OF POOL: 235,124,925.94 346,305,437.81
GROUP FACTOR: 82.4842% 79.6877%
WEIGHTED AVERAGE TERM TO MATURITY: 287.43 353.11
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.147494% 10.538983%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.138752% 10.895274%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 55 50
PRINCIPAL BALANCE: 2,601,396.63 5,286,592.20
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: 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: 4,982,237.70 8,395,111.85
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 25,512.75 37,447.41
CLASS A MONTHLY INTEREST 1,234,050.51 1,575,359.92
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 2,870,525.19 5,452,369.74
EXCESS CASH DISTRIBUTION: 852,149.25 1,329,934.78
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 3,345,251.67 7,419,300.47
REQUIRED COVERAGE AMOUNT: 7,839,003.39 20,642,461.06
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
Distribution Date: April 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 2,210,877.29 3,089,307.85
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 269,128.56 165,777.54
PREPAYMENTS IN FULL 2,601,396.63 5,286,592.20
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
------------ ------------
2,870,525.19 5,452,369.74
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: 380,151.30 672,642.31
MONTHLY SERVICING FEE: (83,379.95) (116,920.40)
DELINQUENT INTEREST: (395,936.13) (702,287.65)
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): 4,982,237.70 8,395,111.85
============ ============
TOTAL REMITTANCE DUE: 13,377,349.55
=============
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
Distribution Date: April 15, 1997
</TABLE>
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 160,674.86 360,807.06
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 8,082.30 13,753.76
PREPAYMENTS IN FULL 69,944.79 378,127.82
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
--------- ----------
78,027.09 391,881.58
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: 40,341.47 99,779.06
MONTHLY SERVICING FEE: 4,988.25 11,483.32
DELINQUENT INTEREST: (41,828.01) (103,764.01)
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): 242,203.66 760,187.01
========== ==========
TOTAL REMITTANCE DUE FOR PACIFIC LOANS: 1,002,390.67
============
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: April 15, 1997
</TABLE>
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 15,539,496.41 37,123,845.60
ENDING PRINCIPAL BALANCE OF POOL: 15,461,469.32 36,731,964.02
GROUP FACTOR: 98.4561% 97.7117%
BEGINNING NUMBER OF LOANS: 224 360
ENDING NUMBER OF LOANS: 223 357
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 1 3
PRINCIPAL BALANCE: 69,944.79 378,127.82
PARTIAL PREPAYMENTS COLLECTED: 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
REALIZED LOSS INFORMATION:
GROUP 1 GROUP 2 TOTAL
<S> <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>
<S> <C> <C>
EXCESS INTEREST INFORMATION: GROUP 1 GROUP 2
AVAILABLE FUNDS 242,203.66 760,187.01
LESS THE SUM OF:
CLASS A MONTHLY INTEREST 78,902.43 171,287.58
MONTHLY PRINCIPAL 78,027.09 391,881.58
UNREIMBURSED INSURED AMOUNTS 0.00 0.00
CURRENT EXCESS INTEREST 85,274.14 197,017.85
LESS EXCESS INTEREST FOR REALIZED LOSSES 0.00 0.00
LESS EXCESS INTEREST FOR UNREIMBURSED ADVANCES 0.00 0.00
PLUS PREVIOUS EXCESS INTEREST 136,764.73 343,647.52
CUMULATIVE EXCESS INTEREST TO DATE 222,038.87 540,665.37
Page 2 of 2
COPYRIGHT 1997 Bankers Trust Company
</TABLE>
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 81,000,000.00 436,725.00 1,008,099.42 1,444,824.42 0.00 0.00 79,991,900.58
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
TOTALS 215,000,000.00 215,000,000.00 1,229,341.66 1,008,099.42 2,237,441.08 0.00 0.00 213,991,900.58
</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-1 00253CCH8 1,000.000000 5.391667 12.445672 17.837339 987.554328 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: March 31, 1997 Irvine, CA 92614
DISTRIBUTION DATE: April 15, 1997 FACTOR INFORMA(800) 735-7777
</TABLE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-A
Statement To Certificateholders
Distribution Date: April 15, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
MONTHLY ADVANCES: 206,043.13
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 68,174.09
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
---------
TOTAL SERVICING FEES DUE MASTER SERVICER: 68,174.09
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: DELINQUENT SERVICE FEES: (9,081.68)
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 59,092.41
</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 2,495,086.91 1,454,637.22 154,317.80 4,104,041.93
NUMBER OF LOANS 42 23 3 68
FORECLOSURE LOAN INFORMATION
PRINCIPAL BALANCE 0.00 0.00 0.00 0.00
NUMBER OF LOANS 0 0 0 0
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
Distribution Date: April 15, 1997
<TABLE>
<CAPTION>
<S> <C>
BEGINNING NUMBER OF LOANS: 2782
ENDING NUMBER OF LOANS: 2773
BEGINNING PRINCIPAL BALANCE OF POOL: 163,617,805.83
ENDING PRINCIPAL BALANCE OF POOL: 163,046,679.86
WEIGHTED AVERAGE TERM TO MATURITY: 296
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 941.233953%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 941.370421%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 9
PRINCIPAL BALANCE: 286,111.19
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 0.00
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00
AVAILABLE FUNDS: 2,260,732.75
INSURED AMOUNT: 0.00
CERTIFICATE INSURER PREMIUM: 23,291.67
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 580,932.97
EXCESS CASH DISTRIBUTION: 427,166.45
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 0.00
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 3
COPYRIGHT 1997 Bankers Trust Company
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-A
Statement To Certificateholders
Distribution Date: April 15, 1997
<TABLE>
<CAPTION>
<S> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,448,610.85
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 285,014.78
PREPAYMENTS IN FULL 283,196.26
CURTAILMENTS 2,914.93
---------
571,125.97
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: 206,043.13
MONTHLY SERVICING FEE: (59,092.41)
DELINQUENT INTEREST: (215,124.81)
SERVICING ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00
MONTHLY ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00
PREPAYMENT INTEREST SHORTFALL: 0.00
TOTAL REMITTANCE DUE: 1,951,562.73
============
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
</TABLE>
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