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Previous: SANGSTAT MEDICAL CORP, S-3, 1997-01-24 |
Next: HEADWAY CORPORATE RESOURCES INC, POS AM, 1997-01-24 |
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)
JANUARY 15, 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: January 24, 1997
<PAGE>
Index to Exhibits
Sequential
Exhibit Page Number
- ------- -----------
20.1 Aames Capital Corporation, Mortgage Pass-Through 5 - 9
Certificates, Series 1996-A - Statement to
Certificateholders
20.2 Aames Capital Corporation, Mortgage Pass-Through 10 - 14
Certificates, Series 1996-B-Statement to
Certificateholders
20.3 Aames Capital Corporation, Mortgage Pass-Through 15 - 19
Certificates, Series 1996-C-Statement to
Certificateholders
20.4 Aames Capital Corporation, Mortgage Pass-Through 20 - 24
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 24,311,013.38 127,126.34 1,849,371.35 1,976,497.69 0.00 0.00 22,461,642.03
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 81,291,217.81 406,456.09 2,381,895.15 2,788,351.24 0.00 0.00 78,909,322.66
R 0.00 0.00 555,659.64 0.00 555,659.64 0.00 0.00 0.00
TOTALS 200,000,000.00 165,016,231.19 1,437,739.66 4,231,266.50 5,669,006.16 0.00 0.00 160,784,964.69
</TABLE>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<TABLE>
<CAPTION>
PASS-THROUGH
RATES
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------ ----- --------- -------- --------- ----- --------- ------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1A 00253CBE6 598.999985 3.132271 45.566731 48.699002 553.433254 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 812.912178 4.064561 23.818952 27.883512 789.093227 6.000000% 5.875000%
R AA960A101 0.000000 2.778298 0.000000 2.778298 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: December 31, 1996 Irvine, CA 92714
DISTRIBUTION DATE: January 15, 1997 FACTOR INFORMATION: (800) 735-7777
COPYRIGHT 1997 Bankers Trust Company
</TABLE>
Page 1 of 4
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: January 15, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 726,701.38
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 72,402.52
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
---------
TOTAL SERVICING FEES DUE MASTER SERVICER: 72,402.52
=========
LESS:_ AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS:_ DELINQUENT SERVICE FEES: 30,580.40
---------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 41,822.12
AMOUNT PER $1000 CERTIFICATE: 0.209111
</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 3,485,060.57 1,665,654.80 1,926,487.90 7,077,203.27
NUMBER OF LOANS 65 23 29 117
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 3,536,542.74 2,541,298.76 2,018,279.25 8,096,120.75
NUMBER OF LOANS 36 28 20 84
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 224,005.98 409,608.50 6,781,748.35 8,410,012.07
NUMBER OF LOANS 3 5 91 111
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 456,309.44 234,178.36 13,404,469.10 15,369,611.01
NUMBER OF LOANS 3 3 119 136
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 1,111,905.45 1,111,905.45
NUMBER OF LOANS 0 0 19 19
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 579,587.35 579,587.35
NUMBER OF LOANS 0 0 8 8
</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 170,877.20 0.00 170,877.20
---------- ---- ----------
CUMULATIVE REALIZED LOSSES: 170,877.20 0.00 170,877.20
========== ==== ==========
</TABLE>
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: January 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 1497 838
ENDING NUMBER OF LOANS: 1456 815
BEGINNING PRINCIPAL BALANCE OF POOL: 87,474,847.23 86,291,217.81
ENDING PRINCIPAL BALANCE OF POOL: 85,625,642.03 83,909,322.66
GROUP FACTOR: 85.62564202% 82.71821314%
WEIGHTED AVERAGE TERM TO MATURITY: 300.34 346.70
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.733567% 12.007917%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.710971% 12.119327%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 41 23
PRINCIPAL BALANCE: 1,578,023.78 2,349,259.44
AMOUNT PER $1000 CERTIFICATE: 38.880988 80.758317
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: 1,177,437.00 798,423.00
AVAILABLE FUNDS: 2,497,206.78 3,209,421.96
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 8,372.50 8,129.12
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 1,678,328.00 2,381,895.15
EXCESS CASH DISTRIBUTION: 171,043.35 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>
COPYRIGHT 1997 Bankers Trust Company
Page 3 of 4
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: January 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 855,326.64 863,481.49
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 157,459.63 32,635.71
PREPAYMENTS IN FULL 1,578,023.78 2,349,259.43
CURTAILMENTS 0.00 0.01
TERMINATION PRINCIPAL 0.00 0.00
------------ ------------
1,735,483.41 2,381,895.15
PAYMENTS AHEAD (57,155.41)
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: 355,815.25 370,886.13
MONTHLY SERVICING FEE: (21,343.09) (20,479.03)
DELINQUENT INTEREST: (370,920.02) (386,361.78)
SERVICING ADVANCES NOT PREVIOUSLY REIMBURSED: 0.00 0.00
MONTHLY ADVANCES NOT PREVIOUSLY REIMBURSED: (21,120.96) 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): 2,476,085.82 3,209,421.96
============ ============
TOTAL REMITTANCE DUE: 5,685,507.78
============
</TABLE>
COPYRIGHT 1997 Bankers Trust Company
Page 4 of 4
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-A
Statement To Certificateholders
Distribution Date: January 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 87,474,847.23 86,291,217.81
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 36,447.85 35,954.67
PRIOR DEFERRED GUARANTEE FEE AMOUNT 712,709.47
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 72,402.53
CURRENT GUARANTEE FEE PAYMENT AMOUNT (555,659.64)
------------
CURRENT DEFERRED GUARANTEE FEE AMOUNT 229,452.36
==========
</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 41,760,793.35 199,581.79 2,500,753.34 2,700,335.13 0.00 0.00 39,260,040.01
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-2 180,000,000.00 154,548,879.65 766,948.82 6,764,660.17 7,531,608.99 0.00 0.00 147,784,219.48
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 300,035,000.00 264,237,673.00 1,396,377.94 9,265,413.51 10,661,791.45 0.00 0.00 254,972,259.49
</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 801.443057 3.830230 47.992656 51.822886 753.450400 5.735000% 5.610000%
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 858.604887 4.260827 37.581445 41.842272 821.023442 5.955000% 5.830000%
R AA960B101 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: December 31, 1996 Irvine, CA 92714
DISTRIBUTION DATE: January 15, 1997 FACTOR INFORMATION (800) 735-7777
COPYRIGHT 1997 Bankers Trust Company
Page 1 of 4
</TABLE>
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
Distribution Date: January 15, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 1,019,384.49
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 114,684.97
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 114,684.97
==========
LESS:_ AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS:_ DELINQUENT SERVICE FEES: 42,862.68
---------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 71,822.29
AMOUNT PER $1000 CERTIFICATE: 0.239380
</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 4,783,898.05 1,678,786.18 5,491,277.62 11,953,961.85
NUMBER OF LOANS 106 32 79 217
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 8,632,877.46 4,443,060.90 12,026,826.46 25,102,764.82
NUMBER OF LOANS 104 50 125 279
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 118,974.24 3,543,723.32 3,953,056.95
NUMBER OF LOANS 0 3 56 67
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 190,862.71 549,290.59 9,374,385.96 11,429,204.10
NUMBER OF LOANS 3 5 107 130
REO LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 111,316.07 111,316.07
NUMBER OF LOANS 0 0 2 2
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 0.00 248,819.02 248,819.02
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: 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>
COPYRIGHT 1997 Bankers Trust Company
Page 2 of 4
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-B
Statement To Certificateholders
Distribution Date: January 15, 1997
<TABLE>
<CAPTION> GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 2069 1735
ENDING NUMBER OF LOANS: 2025 1678
BEGINNING PRINCIPAL BALANCE OF POOL: 112,353,021.87 162,890,886.22
ENDING PRINCIPAL BALANCE OF POOL: 110,264,307.40 156,870,491.60
GROUP FACTOR: 110.8246% 97.5067%
WEIGHTED AVERAGE TERM TO MATURITY: 273.02 352.94
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.740679% 11.746812%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.738386% 11.799855%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 44 57
PRINCIPAL BALANCE: 1,946,343.22 5,979,381.16
AMOUNT PER $1000 CERTIFICATE: 37.352817 194.142055
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: 112,420.00 251,005.00
AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 0.00 248,819.02
NUMBER OF REO LOANS: 0 3
BALANCE OF LOANS IN BANKRUPTCY 0.00 0.00
NUMBER OF LOANS IN BANKRUPTCY 0 0
AVAILABLE FUNDS: 3,141,151.35 7,547,063.88
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 10,968.88 15,454.89
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 2,088,714.47 6,020,394.62
EXCESS CASH DISTRIBUTION: 412,038.87 744,265.56
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 3,076,267.39 9,086,272.12
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: January 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,099,250.64 1,594,540.47
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 275,528.01 41,013.46
PREPAYMENTS IN FULL 1,946,343.22 5,979,381.16
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
------------ ------------
2,221,871.23 6,020,394.62
PAYMENTS AHEAD (133,156.76) 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: 392,849.62 626,534.87
MONTHLY SERVICING FEE: (30,426.31) (41,395.98)
DELINQUENT INTEREST: (409,237.07) (653,010.10)
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): 3,141,151.35 7,547,063.88
------------ ------------
TOTAL REMITTANCE DUE: 10,688,215.23
=============
</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: January 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 112,353,021.87 162,890,886.22
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 46,813.76 67,871.20
PRIOR DEFERRED GUARANTEE FEE AMOUNT 718,928.69
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 114,684.96
CURRENT GUARANTEE FEE PAYMENT AMOUNT 0.00
----------
CURRENT DEFERRED GUARANTEE FEE AMOUNT 833,613.65
==========
</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 63,798,062.17 304,369.92 2,561,160.21 2,865,530.13 0.00 0.00 61,236,901.96
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-2 350,000,000.00 333,070,803.52 1,647,312.68 7,004,807.62 8,652,120.30 0.00 0.00 326,065,995.90
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 525,000,000.00 502,668,865.69 2,613,442.19 9,565,967.83 12,179,410.02 0.00 0.00 493,102,897.86
</TABLE>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<TABLE>
<CAPTION>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- -------- ---------- --------- -------- --------- ----- -------- -------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1A 00253CBS5 921.937315 4.398409 37.010986 41.409395 884.926329 5.725000% 5.600000%
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 951.630867 4.706608 20.013736 24.720344 931.617131 5.935000% 5.810000%
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: December 31, 1996 Irvine, CA 92714
DISTRIBUTION DATE: January 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-C
Statement To Certificateholders
Distribution Date: January 15, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 1,146,707.03
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 212,395.41
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 212,395.41
==========
LESS:_ AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS:_ DELINQUENT SERVICE FEES: 50,691.57
---------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 161,703.84
AMOUNT PER $1000 CERTIFICATE: 0.308007
</TABLE>
<TABLE>
<CAPTION>
DELINQUENT LOAN 30 TO 59 60 TO 89 90 PLUS
INFORMATION DAYS DAYS DAYS TOTAL
- --------------- ------- ------- -------
<S> <C> <C>
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 5,723,013.18 2,751,436.05 3,281,071.40 11,755,520.63
NUMBER OF LOANS 111 41 49 201
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 12,679,567.40 10,414,786.05 10,041,997.58 33,136,351.03
NUMBER OF LOANS 147 108 117 372
FORECLOSURE LOAN INFORMATION
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 0.00 0.00 937,513.67 956,669.60
NUMBER OF LOANS 0 0 11 12
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 0.00 37,665.84 1,408,967.08 1,511,716.93
NUMBER OF LOANS 0 1 16 19
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
REALIZED LOSS INFORMATION:
</TABLE>
<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: January 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 3058 3643
ENDING NUMBER OF LOANS: 3015 3588
BEGINNING PRINCIPAL BALANCE OF POOL: 171,261,661.66 338,487,331.35
ENDING PRINCIPAL BALANCE OF POOL: 169,273,119.84 332,673,621.30
GROUP FACTOR: 116.8513% 114.6561%
WEIGHTED AVERAGE TERM TO MATURITY: 295.48 351.40
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.410470% 10.690607%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.403321% 10.894288%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 43 55
PRINCIPAL BALANCE: 1,815,117.33 5,764,717.22
AMOUNT PER $1000 CERTIFICATE: 26.230019 105.195570
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 0.00 0.00
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00 0.00
REO PROPERTY INFORMATION:
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH FORECLOSURE: 0.00 0.00
AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 0.00 0.00
NUMBER OF REO LOANS: 0 0
BALANCE OF LOANS IN BANKRUPTCY 0.00 0.00
NUMBER OF LOANS IN BANKRUPTCY 0 0
AVAILABLE FUNDS: 3,545,662.83 8,688,202.97
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 18,373.12 36,082.67
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 1,988,541.82 5,813,710.05
EXCESS CASH DISTRIBUTION: 572,618.39 1,191,097.57
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 2,236,217.88 6,607,625.40
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: January 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 1,628,480.03 3,015,529.30
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 624,256.27 48,992.83
PREPAYMENTS IN FULL 1,815,117.33 5,764,717.22
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
------------ ------------
2,439,373.60 5,813,710.05
PAYMENTS AHEAD (450,831.78) 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: 404,704.77 742,002.26
MONTHLY SERVICING FEE: (54,337.29) (107,366.55)
DELINQUENT INTEREST: (421,726.50) (775,672.09)
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): 3,545,662.83 8,688,202.97
------------ -----------
TOTAL REMITTANCE DUE: 12,233,865.80
=============
</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: January 15, 1997
<TABLE>
<CAPITION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 171,261,661.66 338,487,331.35
GUARANTEE FEE RATE 0.50% 0.50%
ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 71,359.03 141,036.39
PRIOR DEFERRED GUARANTEE FEE AMOUNT 849,909.99
TOTAL ACCRUED GUARANTEE FEE AMOUNT FOR THIS DISTRIBUTION 212,395.41
CURRENT GUARANTEE FEE PAYMENT AMOUNT 0.00
------------
CURRENT DEFERRED GUARANTEE FEE AMOUNT 1,062,305.41
============
</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>
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 85,500,000.00 263,078.75 1,586,981.22 1,850,059.97 0.00 0.00 83,913,018.78
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-2 358,000,000.00 358,000,000.00 1,127,998.33 3,666,283.52 4,794,281.85 0.00 0.00 354,333,716.48
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 600,000,000.00 600,000,000.00 2,273,989.58 5,253,264.74 7,527,254.32 0.00 0.00 594,746,735.26
</TABLE>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<TABLE>
<CAPTION>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- --------- --------- -------- --------- ----- -------- -------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1A 00253CBZ9 1,000.000000 3.076944 18.561184 21.638128 981.438816 5.830000% 5.580000%
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 1,000.000000 3.150833 10.241015 13.391849 989.758985 5.970000% 5.720000%
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: December 31, 1996 Irvine, CA 92714
DISTRIBUTION DATE: January 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-D
Statement To Certificateholders
Distribution Date: January 15, 1997
<TABLE>
<CAPTION>
<S> <C> <C>
SERVICER ADVANCES: 1,554,776.72
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 196,696.37
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00
----------
TOTAL SERVICING FEES DUE MASTER SERVICER: 196,696.37
==========
LESS: _ AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00
LESS: _ DELINQUENT SERVICE FEES: 73,994.97
---------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 122,701.40
</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 8,866,955.38 1,174,935.93 122,734.32 10,164,625.63
NUMBER OF LOANS 172 22 4 198
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 10,086,319.97 1,620,195.61 541,436.08 12,247,951.66
NUMBER OF LOANS 131 20 5 156
FORECLOSURE 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
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> <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
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
Distribution Date: January 15, 1997
</TABLE>
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING NUMBER OF LOANS: 3480 3036
ENDING NUMBER OF LOANS: 3472 3010
BEGINNING PRINCIPAL BALANCE OF POOL: 194,963,077.66 277,108,219.23
ENDING PRINCIPAL BALANCE OF POOL: 194,171,219.28 275,231,937.46
GROUP FACTOR: 80.2286% 76.4685%
WEIGHTED AVERAGE TERM TO MATURITY: 291.24 355.22
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 11.197575% 10.304944%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 11.194087% 10.302837%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 8 26
PRINCIPAL BALANCE: 568,132.29 1,738,298.80
PARTIAL PREPAYMENTS COLLECTED: 0.00 150.84
REO PROPERTY INFORMATION:
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH FORECLOSURE: 0.00 0.00
AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 0.00 0.00
NUMBER OF REO LOANS: 0 0
BALANCE OF LOANS IN BANKRUPTCY 0.00 0.00
NUMBER OF LOANS IN BANKRUPTCY 0 0
AVAILABLE FUNDS: 2,759,189.14 4,833,065.18
INSURED AMOUNT: 0.00 0.00
CERTIFICATE INSURER PREMIUM: 26,216.67 38,783.33
CLASS A MONTHLY INTEREST 1,145,991.25 1,127,998.33
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
MONTHLY PRINCIPAL: 793,744.64 2,298,995.89
EXCESS CASH DISTRIBUTION: 793,236.58 1,367,287.63
OVERFLOW DISTRIBUTION: 0.00 0.00
COVERAGE AMOUNTS:
COVERAGE AMOUNT: 816,061.26 3,295,875.05
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
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1996-D
Statement To Certificateholders
Distribution Date: January 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 2,046,679.12 2,649,531.05
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 910,865.08 137,832.13
PREPAYMENTS IN FULL 568,132.29 1,738,298.80
CURTAILMENTS 0.00 150.84
TERMINATION PRINCIPAL 1,886.26 422,714.12
------------ ------------
1,480,883.63 2,298,995.89
PAYMENTS AHEAD (687,138.99) 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: 631,978.89 922,797.82
MONTHLY SERVICING FEE: (53,279.88) (69,421.52)
DELINQUENT INTEREST: (659,933.63) (968,838.06)
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: (1,356.95) (422,666.04)
CAPITALIZED INTEREST BALANCE: (227,947.06) (269,925.23)
CLOSING DATE DEPOSIT 0.00 0.00
REMITTANCE DUE (Per Group): 2,529,885.13 4,140,473.91
------------ ------------
TOTAL REMITTANCE DUE: 6,670,359.04
============
</TABLE>
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: January 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
REPORTED SCHEDULED INTEREST ON MORTGAGE LOANS 129,306.93 292,322.74
TOTAL PRINCIPAL PAYMENTS RECEIVED:
SCHEDULED PRINCIPAL 4,645.89 9,585.91
PREPAYMENTS IN FULL 0.00 0.00
CURTAILMENTS 0.00 0.00
TERMINATION PRINCIPAL 0.00 0.00
-------- --------
4,645.89 9,585.91
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: 49,479.81 100,528.92
MONTHLY SERVICING FEE: 3,161.72 8,242.01
DELINQUENT INTEREST: (51,505.46) (104,843.47)
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): 135,088.89 305,836.11
---------- ----------
TOTAL REMITTANCE DUE FOR PACIFIC LOANS: 440,925.00
==========
</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: January 15, 1997
<TABLE>
<CAPTION>
GROUP 1 GROUP 2
------- -------
<S> <C> <C>
BEGINNING PRINCIPAL BALANCE OF POOL: 12,449,673.23 30,135,745.06
ENDING PRINCIPAL BALANCE OF POOL: 12,445,027.34 30,126,159.15
GROUP FACTOR: 99.9627% 99.9682%
BEGINNING NUMBER OF LOANS: 182 291
ENDING NUMBER OF LOANS: 182 291
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 0 0
PRINCIPAL BALANCE: 0.00 0.00
PARTIAL PREPAYMENTS COLLECTED: 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
REALIZED LOSS INFORMATION:
GROUP 1 GROUP 2 TOTAL
------- ------- -----
<S> <C> <C> <C>
PRIOR REALIZED LOSSES: 0.00 0.00 0.00
PLUS: CURRENT REALIZED LOSSES 0.00 0.00 0.00
PRINCIPAL BALANCES OF CURRENT LOSS LOAN
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
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