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Previous: GABLES RESIDENTIAL TRUST, S-3, 1997-06-26 |
Next: EMERGING MARKETS EQUITY PORTFOLIO, NSAR-A, 1997-06-26 |
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)
JUNE 16, 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
305 South Grand Avenue
Los Angeles, California 90071
- ------------------------------------ -------
(Address of principal executive offices) (ZIP Code)
(213) 640-5000
---------------------------------
Registrant's telephone number, including area code
3731 Wilshire Boulevard, Los Angeles, California 90010
-----------------------------------------------------
(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: June 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
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 13,902,446.85 72,698.21 2,687,533.10 2,760,231.31 0.00 0.00 11,214,913.75
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 64,087,144.67 345,358.50 3,132,799.27 3,478,157.77 0.00 0.00 60,954,345.40
R 0.00 0.00 566,323.85 0.00 566,323.85 0.00 0.00 0.00
TOTAL 200,000,000.00 137,403,591.52 1,332,878.15 5,820,332.37 7,153,210.52 0.00 0.00 131,583,259.15
</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 342.542918 1.791214 66.218230 68.009444 276.324687 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 640.871447 3.453585 31.327993 34.781578 609.543454 6.062500% 6.062500%
R AA960A101 0.000000 2.831619 0.000000 2.831619 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: May 30, 1997 Irvine, CA 92714
DISTRIBUTION DATE: June 16, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
Page 1 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: June 16, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 581,755.69
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 60,897.33
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
TOTAL SERVICING FEES DUE MASTER SERVICER: 60,897.33
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: DELINQUENT SERVICE FEES: 24,148.69
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 36,748.64
AMOUNT PER $1000 CERTIFICATE: 0.183743
</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 1,861,170.44 132,509.14 1,022,450.13 3,016,129.71
NUMBER OF LOANS 39 5 22 66
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 1,905,570.83 659,115.96 2,931,469.32 5,496,156.11
NUMBER OF LOANS 21 8 32 61
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 652,350.39 64,791.71 6,743,884.36 8,466,286.00
NUMBER OF LOANS 10 1 94 119
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 519,264.32 1,064,807.18 10,321,782.73 13,733,697.35
NUMBER OF LOANS 5 10 97 126
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 2,377,004.44 2,377,004.44
NUMBER OF LOANS 0 0 33 33
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 2,611,692.83 2,611,692.83
NUMBER OF LOANS 0 0 25 25
</TABLE>
<TABLE>
<CAPTION>
REALIZED LOSS INFORMATION:
GROUP 1 GROUP 2 TOTAL
<S> <C> <C> <C>
PRIOR REALIZED LOSSES: 206,012.18 67,295.90 273,308.08
PLUS: CURRENT REALIZED LOSSES 49,273.76 19,523.11 68,796.87
CUMULATIVE REALIZED LOSSES: 255,285.94 86,819.01 342,104.95
</TABLE>
Page 2 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: June 16, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 1300 679
ENDING NUMBER OF LOANS: 1257 645
BEGINNING PRINCIPAL BALANCE OF POOL: 77,066,446.85 69,087,144.67
ENDING PRINCIPAL BALANCE OF POOL: 74,378,913.75 65,954,345.40
GROUP FACTOR: 74.37891375% 65.01811035%
WEIGHTED AVERAGE TERM TO MATURITY: 277.36 341.42
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.662164% 12.300277%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.639263% 12.352238%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 43 34
PRINCIPAL BALANCE: 2,515,309.11 2,746,519.80
AMOUNT PER $1000 CERTIFICATE: 61.974797 94.414569
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 0.00 0.00
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00 0.00
REO PROPERTY INFORMATION:
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH FORECLOSURE: 2,423,699.00 2,717,017.00
AVAILABLE FUNDS: 3,355,116.26 3,792,649.06
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 7,331.64 6,408.71
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 2,638,259.34 3,113,276.16
EXCESS CASH DISTRIBUTION: 49,273.76 19,523.11
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
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: June 16, 1997
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 748,967.94 708,159.21
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 95,771.98 20,370.36
PREPAYMENTS IN FULL 2,515,309.11 2,746,519.80
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
2,611,081.09 2,766,890.16
PAYMENTS AHEAD (17,185.57)
TRUST INSURANCE PROCEEDS (PRINCIPAL & INTEREST): 0.00 0.00
NET LIQUIDATION PROCEEDS: 48,646.52 361,288.85
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: 271,555.22 310,200.47
MONTHLY SERVICING FEE: (20,467.18) (16,281.46)
DELINQUENT INTEREST: (283,199.06) (322,705.32)
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): 3,359,398.96 3,807,551.91
------------ ------------
TOTAL REMITTANCE DUE: 7,166,950.87
============
</TABLE>
Page 4 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: June 16, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 77,066,446.85 69,087,144.67
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 32,111.02 28,786.31
PRIOR DEFERRED GUARANTEE FEE AMOUNT 0.00
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 60,897.33
CURRENT GUARANTEE FEE PAYMENT AMOUNT (60,897.33)
CURRENT DEFERRED GUARANTEE FEE AMOUNT 0.00
</TABLE>
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
<TABLE>
<CAPTION>
Statement To Certificateholders
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 28,990,998.62 149,400.28 2,770,252.49 2,919,652.77 0.00 0.00 26,220,746.13
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-2 180,000,000.00 126,135,503.58 674,684.79 7,071,011.21 7,745,696.00 0.00 0.00 119,064,492.37
R 0.00 0.00 1,011,654.22 0.00 1,011,654.22 0.00 0.00 0.00
TOTAL 300,035,000.00 223,054,502.20 2,265,586.63 9,841,263.70 12,106,850.33 0.00 0.00 213,213,238.50
</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 556.374357 2.867183 53.164690 56.031872 503.209667 5.797500% 5.797500%
A-1B 00253CBM8 1,000.000000 6.062500 0.000000 6.062500 1,000.000000 7.275000% 7.275000%
A-1C 00253CBN6 1,000.000000 6.354167 0.000000 6.354167 1,000.000000 7.625000% 7.625000%
A-1D 00253CBP1 1,000.000000 6.812500 0.000000 6.812500 1,000.000000 8.175000% 8.175000%
A-2 00253CBQ9 700.752798 3.748249 39.283396 43.031644 661.469402 6.017500% 6.017500%
R AA960B101 0.000000 3.371787 0.000000 3.371787 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: May 30, 1997 Irvine, CA 92714
DISTRIBUTION DATE: June 16, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
Page 1 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
Distribution Date: June 16, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 926,377.69
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 99,281.72
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
TOTAL SERVICING FEES DUE MASTER SERVICER: 99,281.72
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: DELINQUENT SERVICE FEES: 38,275.37
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 61,006.35
AMOUNT PER $1000 CERTIFICATE: 0.203331
</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 3,321,457.55 704,066.47 891,821.72 4,917,345.74
NUMBER OF LOANS 72 15 19 106
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 5,250,289.58 1,753,634.69 2,767,478.49 9,771,402.76
NUMBER OF LOANS 60 22 36 118
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 43,619.02 1,052,832.43 9,445,922.74 11,035,753.94
NUMBER OF LOANS 2 16 134 164
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 756,307.00 1,889,813.64 21,059,991.27 24,774,290.38
NUMBER OF LOANS 7 21 228 270
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 821,579.99 821,579.99
NUMBER OF LOANS 0 0 18 18
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 3,126,109.24 3,126,109.24
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: 11,827.20 12,412.22 24,239.42
PLUS: CURRENT REALIZED LOSSES 3,657.53 41,325.26 44,982.79
CUMULATIVE REALIZED LOSSES: 15,484.73 53,737.48 69,222.21
</TABLE>
Page 2 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
Distribution Date: June 16, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 1830 1482
ENDING NUMBER OF LOANS: 1779 1407
BEGINNING PRINCIPAL BALANCE OF POOL: 101,120,232.62 137,155,911.58
ENDING PRINCIPAL BALANCE OF POOL: 98,349,980.13 130,084,900.37
GROUP FACTOR: 98.8497% 80.8575%
WEIGHTED AVERAGE TERM TO MATURITY: 270.78 342.91
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.699463% 12.136807%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.673427% 12.209082%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 51 75
PRINCIPAL BALANCE: 2,567,021.45 6,754,793.94
AMOUNT PER $1000 CERTIFICATE: 49.264426 219.318612
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: 976,409.00 3,178,542.00
AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 821,579.99 3,126,109.24
NUMBER OF REO LOANS: 18 27
BALANCE OF LOANS IN BANKRUPTCY 0.00 0.00
NUMBER OF LOANS IN BANKRUPTCY 0 0
AVAILABLE FUNDS: 3,710,338.54 8,359,733.33
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 9,691.90 12,613.55
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 2,766,594.96 7,029,685.95
EXCESS CASH DISTRIBUTION: 3,657.53 41,325.26
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: 0.00 0.00
</TABLE>
Page 3 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: June 16, 1997
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 985,877.01 1,387,195.67
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 115,116.96 55,543.29
PREPAYMENTS IN FULL 2,567,021.45 6,754,793.94
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
2,682,138.41 6,810,337.23
PAYMENTS AHEAD (2,703.31) 0.00
TRUST INSURANCE PROCEEDS (PRINCIPAL & INTEREST): 0.00 0.00
NET LIQUIDATION PROCEEDS: 87,159.86 279,455.57
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: 358,774.20 567,603.49
MONTHLY SERVICING FEE: (27,182.36) (33,823.99)
DELINQUENT INTEREST: (373,725.27) (590,927.79)
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): 3,710,338.54 8,419,840.18
------------ ------------
TOTAL REMITTANCE DUE: 12,130,178.72
=============
</TABLE>
Page 4 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
Distribution Date: June 16, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 101,120,232.62 137,155,911.58
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 42,133.43 57,148.30
PRIOR DEFERRED GUARANTEE FEE AMOUNT 0.00
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 99,281.73
CURRENT GUARANTEE FEE PAYMENT AMOUNT (99,281.73)
CURRENT DEFERRED GUARANTEE FEE AMOUNT 0.00
</TABLE>
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-C
Statement To Certificateholders
<TABLE>
<CAPTION>
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
<C> <S> <S> <S> <S. <S> <S> <S> <S>
A-1A 69,200,000.00 47,118,927.73 242,400.71 3,457,306.97 3,699,707.68 0.00 0.00 43,661,620.76
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-1D 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-2 350,000,000.00 286,247,721.30 1,526,018.41 11,438,478.98 12,964,497.39 0.00 0.00 274,809,242.32
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 525,000,000.00 439,166,649.03 2,430,178.70 14,895,785.95 17,325,964.65 0.00 0.00 424,270,863.08
</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 680.909360 3.502900 49.961083 53.463984 630.948277 5.787500% 5.787500%
A-1B 00253CBT3 1,000.000000 6.016667 0.000000 6.016667 1,000.000000 7.220000% 7.220000%
A-1C 00253CBU0 1,000.000000 6.308334 0.000000 6.308334 1,000.000000 7.570000% 7.570000%
A-1D 00253CBV8 1,000.000000 6.558333 0.000000 6.558333 1,000.000000 7.870000% 7.870000%
A-1E 00253CBW6 1,000.000000 6.700000 0.000000 6.700000 1,000.000000 8.040000% 8.040000%
A-2 00253CBX4 817.850632 4.360053 32.681369 37.041421 785.169264 5.997500% 5.997500%
R 00253CBY2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
SELLER: Aames Capital Corporation ADMINISTRATOR: Whitney Knox
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities Incorporated 3 Park Plaza
RECORD DATE: May 30, 1997 Irvine, CA 92714
DISTRIBUTION DATE: June 16, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
Page 1 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-C
Statement To Certificateholders
Distribution Date: June 16, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 1,288,053.63
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 189,886.26
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
TOTAL SERVICING FEES DUE MASTER SERVICER: 189,886.26
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: DELINQUENT SERVICE FEES: 53,008.29
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 136,877.97
AMOUNT PER $1000 CERTIFICATE: 0.260720
</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 5,710,050.40 1,207,449.04 801,993.98 7,719,493.42
NUMBER OF LOANS 107 21 15 143
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 9,919,997.93 2,389,877.95 2,394,326.74 14,704,202.62
NUMBER OF LOANS 111 28 28 167
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 67,508.19 1,262,645.68 8,308,442.00 9,791,802.41
NUMBER OF LOANS 1 19 131 156
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 2,112,566.33 27,532,252.00 29,644,860.38
NUMBER OF LOANS 0 22 291 313
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 431,832.04 431,832.04
NUMBER OF LOANS 0 0 5 5
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 1,669,669.89 1,669,669.89
NUMBER OF LOANS 0 0 16 16
</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
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-C
Statement To Certificateholders
Distribution Date: June 16, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 2790 3241
ENDING NUMBER OF LOANS: 2736 3131
BEGINNING PRINCIPAL BALANCE OF POOL: 157,385,455.75 298,341,593.07
ENDING PRINCIPAL BALANCE OF POOL: 154,429,359.06 288,150,474.16
GROUP FACTOR: 106.6045% 99.3112%
WEIGHTED AVERAGE TERM TO MATURITY: 291.34 346.42
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.341689% 11.779910%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.339212% 11.879075%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 54 110
PRINCIPAL BALANCE: 2,770,242.99 10,059,307.62
AMOUNT PER $1000 CERTIFICATE: 40.032413 183.564008
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: 431,832.04 1,669,669.89
NUMBER OF REO LOANS: 5 16
BALANCE OF LOANS IN BANKRUPTCY 430,582.78 671,677.96
NUMBER OF LOANS IN BANKRUPTCY 7 9
AVAILABLE FUNDS: 4,378,033.48 12,995,507.56
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 16,566.22 31,010.17
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 2,956,096.69 10,191,118.91
EXCESS CASH DISTRIBUTION: 501,210.28 1,247,360.07
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 4,967,738.30 13,341,231.84
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
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-C
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: June 16, 1997
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,487,514.06 2,928,697.65
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 187,614.54 131,811.29
PREPAYMENTS IN FULL 2,770,242.99 10,059,307.62
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
2,957,857.53 10,191,118.91
PAYMENTS AHEAD (1,760.84) 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: 413,995.77 874,057.86
MONTHLY SERVICING FEE: (48,033.50) (88,844.47)
DELINQUENT INTEREST: (431,539.54) (909,522.39)
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): 4,378,033.48 12,995,507.56
TOTAL REMITTANCE DUE: 17,373,541.04
=============
</TABLE>
Page 4 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-C
Statement To Certificateholders
Distribution Date: June 16, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 157,385,455.75 298,341,593.07
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 65,577.27 124,309.00
PRIOR DEFERRED GUARANTEE FEE AMOUNT 1,874,124.81
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 189,886.27
CURRENT GUARANTEE FEE PAYMENT AMOUNT 0.00
CURRENT DEFERRED GUARANTEE FEE AMOUNT 2,064,011.08
</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 70,542,373.76 361,647.24 3,880,981.89 4,242,629.13 0.00 0.00 66,661,391.87
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-1E 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-2 358,000,000.00 331,076,252.75 1,738,518.19 8,558,118.81 10,296,637.00 0.00 0.00 322,518,133.94
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 600,000,000.00 558,118,626.51 2,983,077.93 12,439,100.70 15,422,178.63 0.00 0.00 545,679,525.81
</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 825.057003 4.229792 45.391601 49.621393 779.665402 5.767500% 5.767500%
A-1B 00253CCA3 1,000.000000 5.283333 0.000000 5.283333 1,000.000000 6.340000% 6.340000%
A-1C 00253CCB1 1,000.000000 5.433333 0.000000 5.433333 1,000.000000 6.520000% 6.520000%
A-1D 00253CCC9 1,000.000000 5.625000 0.000000 5.625000 1,000.000000 6.750000% 6.750000%
A-1E 00253CCD7 1,000.000000 5.725000 0.000000 5.725000 1,000.000000 6.870000% 6.870000%
A-1F 00253CCE5 1,000.000000 5.975000 0.000000 5.975000 1,000.000000 7.170000% 7.170000%
A-1G 00253CCF2 1,000.000000 6.100000 0.000000 6.100000 1,000.000000 7.320000% 7.320000%
A-2 00253CCG0 924.794002 4.856196 23.905360 28.761556 900.888642 5.907500% 5.907500%
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
SELLER: Aames Capital Corporation ADMINISTRATOR: Whitney Iger
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities Incorporated 3 Park Plaza
RECORD DATE: May 30, 1997 Irvine, CA 92714
DISTRIBUTION DATE: June 16, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
Page 1 of 4
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: June 16, 1997
<C> <C> <C>
SERVICER ADVANCES: 1,216,538.36
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 237,913.67
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
TOTAL SERVICING FEES DUE MASTER SERVICER: 237,913.67
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: DELINQUENT SERVICE FEES: 51,355.91
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 186,557.76
</TABLE>
<TABLE>
<CAPTION>
DELINQUENT LOAN 30 TO 59 60 TO 89 90 PLUS
INFORMATION DAYS DAYS DAYS TOTAL
<C> <C> <C> <C> <C>
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 5,165,358.64 1,364,035.16 1,099,910.53 7,629,304.33
NUMBER OF LOANS 95 27 21 143
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 9,599,049.76 2,581,886.05 1,995,304.46 14,176,240.27
NUMBER OF LOANS 119 28 28 175
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 154,782.12 1,010,568.16 7,327,893.88 8,514,763.14
NUMBER OF LOANS 2 18 130 151
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 135,558.59 2,248,022.00 19,439,895.39 21,823,488.81
NUMBER OF LOANS 2 27 215 244
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 70,000.00 70,000.00
NUMBER OF LOANS 0 0 1 1
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 62,958.60 62,958.60
NUMBER OF LOANS 0 0 1 1
</TABLE>
<TABLE>
<CAPTION>
REALIZED LOSS INFORMATION: GROUP 1 GROUP 2 TOTAL
<C> <S> <S> <S>
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
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: June 16, 1997
GROUP 1 GROUP 2
<C> <C> <C>
BEGINNING NUMBER OF LOANS: 4052 3626
ENDING NUMBER OF LOANS: 4002 3556
BEGINNING PRINCIPAL BALANCE OF POOL: 231,202,320.33 339,790,482.19
ENDING PRINCIPAL BALANCE OF POOL: 228,100,759.61 332,491,843.94
GROUP FACTOR: 94.2478% 92.3772%
WEIGHTED AVERAGE TERM TO MATURITY: 285.36 351.11
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.132647% 11.214363%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.117891% 11.426112%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 50 70
PRINCIPAL BALANCE: 2,830,034.52 7,149,783.95
PARTIAL PREPAYMENTS COLLECTED: 0.00 0.00
REO PROPERTY INFORMATION:
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH FORECLOSURE: 0.00 0.00
AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 70,000.00 62,958.60
NUMBER OF REO LOANS: 1 1
BALANCE OF LOANS IN BANKRUPTCY 0.00 0.00
NUMBER OF LOANS IN BANKRUPTCY 0 0
AVAILABLE FUNDS: 5,150,137.89 10,332,503.59
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 24,596.26 35,866.59
CLASS A MONTHLY INTEREST 1,244,559.74 1,738,518.19
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 3,101,560.72 7,298,638.25
EXCESS CASH DISTRIBUTION: 779,421.17 1,259,480.56
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 4,939,367.74 9,973,710.00
REQUIRED COVERAGE AMOUNT: 6,655,613.12 17,096,605.62
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
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: June 16, 1997
GROUP 1 GROUP 2
<C> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 2,144,911.48 3,175,444.71
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 271,526.20 148,854.30
PREPAYMENTS IN FULL 2,830,034.52 7,149,783.95
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
3,101,560.72 7,298,638.25
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: 424,563.37 791,974.98
MONTHLY SERVICING FEE: (78,547.57) (108,010.19)
DELINQUENT INTEREST: (442,350.11) (825,544.16)
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): 5,150,137.89 10,332,503.59
------------ -------------
TOTAL REMITTANCE DUE: 15,482,641.48
=============
</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>
Distribution Date: June 16, 1997
GROUP 1 GROUP 2
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 155,406.61 365,288.59
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 7,954.88 11,722.11
PREPAYMENTS IN FULL 104,201.70 506,190.01
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
112,156.58 517,912.12
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: 50,804.76 115,203.63
MONTHLY SERVICING FEE: 4,371.58 10,619.54
DELINQUENT INTEREST: (52,711.97) (119,747.82)
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): 270,027.56 889,276.06
---------- ----------
TOTAL REMITTANCE DUE FOR PACIFIC LOANS: 1,159,303.62
------------
</TABLE>
Page 1 of 2
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
<TABLE>
<CAPTION>
Statement To Certificateholders
Distribution Date: June 16, 1997
GROUP 1 GROUP 2
<C> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 15,069,087.46 36,392,935.54
ENDING PRINCIPAL BALANCE OF POOL: 14,956,930.88 35,875,023.42
GROUP FACTOR: 95.2433% 95.4321%
BEGINNING NUMBER OF LOANS: 217 353
ENDING NUMBER OF LOANS: 216 349
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 1 4
PRINCIPAL BALANCE: 104,201.70 506,190.01
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>
<TABLE>
<CAPTION>
EXCESS INTEREST INFORMATION: GROUP 1 GROUP 2
<S> <C> <C>
AVAILABLE FUNDS 270,027.56 889,276.06
LESS THE SUM OF:
CLASS A MONTHLY INTEREST 79,574.37 189,027.64
MONTHLY PRINCIPAL 112,156.58 517,912.12
UNREIMBURSED INSURED AMOUNTS 0.00 0.00
CURRENT EXCESS INTEREST 78,296.61 182,336.30
LESS EXCESS INTEREST FOR REALIZED LOSSES 0.00 0.00
LESS EXCESS INTEREST FOR UNREIMBURSED ADVANCES 0.00 0.00
PLUS PREVIOUS EXCESS INTEREST 309,536.99 751,596.87
CUMULATIVE EXCESS INTEREST TO DATE 387,833.60 933,933.17
</TABLE>
Page 2 of 2
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-A
Statement To Certificateholders
<TABLE>
<CAPTION>
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 81,000,000.00 78,461,490.04 423,038.20 2,410,827.40 2,833,865.60 0.00 0.00 76,050,662.64
A-2 71,500,000.00 71,500,000.00 409,933.33 0.00 409,933.33 0.00 0.00 71,500,000.00
A-3 14,500,000.00 14,500,000.00 87,241.67 0.00 87,241.67 0.00 0.00 14,500,000.00
A-4 23,000,000.00 23,000,000.00 145,858.33 0.00 145,858.33 0.00 0.00 23,000,000.00
A-5 25,000,000.00 25,000,000.00 149,583.33 0.00 149,583.33 0.00 0.00 25,000,000.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL 215,000,000.00 212,461,490.04 1,215,654.86 2,410,827.40 3,626,482.26 0.00 0.00 210,050,662.64
</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 968.660371 5.222694 29.763301 34.985995 938.897070 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: May 30, 1997 Irvine, CA 92614
DISTRIBUTION DATE: June 16, 1997 FACTOR INFORMATION (800) 735-7777
</TABLE>
Page 1 of 3
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-A
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: June 16, 1997
<S> <C> <C>
MONTHLY ADVANCES: 251,940.72
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 88,935.69
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
TOTAL SERVICING FEES DUE MASTER SERVICER: 88,935.69
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: DELINQUENT SERVICE FEES: (10,929.19)
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 78,006.50
</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 3,484,202.79 1,850,588.86 945,242.13 6,280,033.78
NUMBER OF LOANS 69 29 12 110
FORECLOSURE LOAN INFORMATION
PRINCIPAL BALANCE 0.00 417,751.51 917,181.39 1,334,932.90
NUMBER OF LOANS 0 8 13 21
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
<S> <C> <C>
LOAN NUMBER PRINCIPAL BALANCE NET LIQUIDATION PROCEEDS TOTAL LOSS AMOUNT
TOTAL CURRENT PERIOD LOSSES: 0.00
CUMULATIVE REALIZED LOSSES: 0.00
</TABLE>
Page 2 of 3
COPYRIGHT 1997 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-A
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: June 16, 1997
<S> <C>
BEGINNING NUMBER OF LOANS: 3691
ENDING NUMBER OF LOANS: 3664
BEGINNING PRINCIPAL BALANCE OF POOL: 213,445,672.89
ENDING PRINCIPAL BALANCE OF POOL: 211,593,975.82
WEIGHTED AVERAGE TERM TO MATURITY: 222
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 10.593146%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 10.590899%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 9
PRINCIPAL BALANCE: 87,012.75
NUMBER OF LOANS SUBSTITUTED: 18
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 0.00
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00
AVAILABLE FUNDS: 3,649,498.92
INSURED AMOUNT: 0.00
CERTIFICATE INSURER PREMIUM: 23,016.66
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 1,854,217.02
EXCESS CASH DISTRIBUTION: 556,610.38
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 1,543,313.18
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
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-A
Statement To Certificateholders
<TABLE>
<CAPTION>
Distribution Date: June 16, 1997
<S> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,871,583.20
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 266,678.20
PREPAYMENTS IN FULL 87,012.75
CURTAILMENTS 0.00
353,690.95
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: 1,510,640.51
SUBSTITUTION OF QUALIFIED REPLACEMENT MORTGAGE LOAN: 889.63
MONTHLY ADVANCES: 251,940.72
MONTHLY SERVICING FEE: (78,006.50)
DELINQUENT INTEREST: (262,869.91)
SERVICING ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00
MONTHLY ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00
PREPAYMENT INTEREST SHORTFALL: 0.00
TOTAL REMITTANCE DUE: 3,647,868.60
</TABLE>
Page 1 of 1
COPYRIGHT 1997 Bankers Trust Company
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