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 15, 1998
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 numbers) identification no.)
350 South Grand Avenue
Los Angeles, California 90071
(Address of principal executive offices) (ZIP Code)
(213) 210-5000
Registrant's telephone number, including area code
--------------------------------------------------
NA
(Former name or former address, if changed since last report)
-------------------------------------------------------------
Item 7. Financial Statements; Pro Forma Financial Information and Exhibitss.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
20.1 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1997-C - Statement to Certificateholders
20.2 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1997-D - Statement to Certificateholders
20.3 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1998-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
Dated: June 23, 1998
<PAGE>
Index to Exhibits
Exhibit
20.1 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1997-C - Statement to Certificateholders
20.2 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1997-D - Statement to Certificateholders
20.3 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1998-A - Statement to Certificateholders
<PAGE>
EXHIBIT 20.1
<PAGE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-C
Statement To Certificateholders
<TABLE>
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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>
A1F 63,000,000.00 44,070,175.07 220,390.66 3,189,619.92 3,410,010.58 0.00 0.00 40,880,555.15
A2F 20,790,000.00 20,790,000.00 112,872.38 0.00 112,872.38 0.00 0.00 20,790,000.00
A3F 25,000,000.00 25,000,000.00 137,395.83 0.00 137,395.83 0.00 0.00 25,000,000.00
A4F 10,000,000.00 10,000,000.00 57,458.33 0.00 57,458.33 0.00 0.00 10,000,000.00
A5F 12,000,000.00 12,000,000.00 72,550.00 0.00 72,550.00 0.00 0.00 12,000,000.00
A6F 15,000,000.00 15,000,000.00 86,125.00 0.00 86,125.00 0.00 0.00 15,000,000.00
AIO* 40,500,000.00 40,500,000.00 236,250.00 0.00 236,250.00 0.00 0.00 40,500,000.00
M1F 9,778,000.00 9,778,000.00 58,016.13 0.00 58,016.13 0.00 0.00 9,778,000.00
M2F 8,889,000.00 8,889,000.00 54,185.86 0.00 54,185.86 0.00 0.00 8,889,000.00
BF1 8,000,000.00 8,000,000.00 51,000.00 0.00 51,000.00 0.00 0.00 8,000,000.00
BF2 5,335,000.00 5,335,000.00 36,678.13 0.00 36,678.13 0.00 0.00 5,335,000.00
A1A 244,758,000.00 204,181,886.57 1,035,159.63 7,622,889.50 8,658,049.13 0.00 0.00 196,558,997.07
M1A 27,739,000.00 27,739,000.00 144,930.50 0.00 144,930.50 0.00 0.00 27,739,000.00
M2A 27,739,000.00 27,739,000.00 149,946.63 0.00 149,946.63 0.00 0.00 27,739,000.00
B1A 26,109,000.00 26,109,000.00 150,353.39 0.00 150,353.39 0.00 0.00 26,109,000.00
C 0.00 10,263,440.16 0.00 0.00 0.00 0.00 1,164,107.15 11,427,547.31
RIII 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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TOTALS 504,137,000.00 454,894,501.80 2,603,312.47 10,812,509.42 13,415,821.89 0.00 1,164,107.15 445,246,099.53
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------------
A1F 00253CDC8 699.526588 3.498264 50.628888 54.127152 648.897701 5.807500% 5.808000%
A2F 00253CDD6 1,000.000000 5.429167 0.000000 5.429167 1,000.000000 6.515000% 6.515000%
A3F 00253CDE4 1,000.000000 5.495833 0.000000 5.495833 1,000.000000 6.595000% 6.595000%
A4F 00253CDF1 1,000.000000 5.745833 0.000000 5.745833 1,000.000000 6.895000% 6.895000%
A5F 00253CDG9 1,000.000000 6.045833 0.000000 6.045833 1,000.000000 7.255000% 7.255000%
A6F 00253CDH7 1,000.000000 5.741667 0.000000 5.741667 1,000.000000 6.890000% 6.890000%
AIO* 00253CDJ3 1,000.000000 5.833333 0.000000 5.833333 1,000.000000 7.000000% 7.000000%
M1F 00253CDK0 1,000.000000 5.933333 0.000000 5.933333 1,000.000000 7.120000% 7.120000%
M2F 00253CDL8 1,000.000000 6.095833 0.000000 6.095833 1,000.000000 7.315000% 7.315000%
BF1 00253CDM6 1,000.000000 6.375000 0.000000 6.375000 1,000.000000 7.650000% 7.650000%
BF2 00253CDT1 1,000.000000 6.875001 0.000000 6.875001 1,000.000000 8.250000% 8.250000%
A1A 00253CDN4 834.219460 4.229319 31.144598 35.373917 803.074862 5.887500% 5.888000%
M1A 00253CDQ7 1,000.000000 5.224792 0.000000 5.224792 1,000.000000 6.067500% 6.068000%
M2A 00253CDR5 1,000.000000 5.405625 0.000000 5.405625 1,000.000000 6.277500% 6.278000%
B1A 00253CDS3 1,000.000000 5.758681 0.000000 5.758681 1,000.000000 6.687500% 6.688000%
C 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
RIII 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
We use the Libor rates reported on the Reuters LIBO page to determine the interest rate for these classes(A1F,A1A,M1A,M2A,B1A).
Recently, the format of the LIBO page was expanded to 16 banks from the previous 4. We calculated LIBOR by averaging
all 16 reported rates, then rounding as required by the agreement.
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SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities 3 Park Plaza
RECORD DATE: May 29, 1998 Irvine, CA 92614
DISTRIBUTION DATE: June 15, 1998 FACTOR INFORMATION: (800) 735-7777
- ------------------------------------------------------------------------------------------------------------------------------------
* Notional Balance Page 1 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-C
Statement To Certificateholders
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
IFA1 9,000,000.00 9,000,000.00 76,680.84 0.00 76,680.84 0.00 0.00 9,000,000.00
IFA2 13,500,000.00 13,500,000.00 115,021.26 0.00 115,021.26 0.00 0.00 13,500,000.00
IFA3 4,500,000.00 4,500,000.00 38,340.42 0.00 38,340.42 0.00 0.00 4,500,000.00
IFA4 13,500,000.00 13,500,000.00 115,021.26 0.00 115,021.26 0.00 0.00 13,500,000.00
IFB 137,292,995.45 120,743,709.80 1,028,747.68 2,938,730.78 3,967,478.46 0.00 0.00 117,804,979.02
RIF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
`
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TOTALS 177,792,995.45 161,243,709.80 1,373,811.46 2,938,730.78 4,312,542.24 0.00 0.00 158,304,979.02
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------------
IFA1 1,000.000000 8.520093 0.000000 8.520093 1,000.000000 10.224112% 10.216198%
IFA2 1,000.000000 8.520093 0.000000 8.520093 1,000.000000 10.224112% 10.216198%
IFA3 1,000.000000 8.520093 0.000000 8.520093 1,000.000000 10.224112% 10.216198%
IFA4 1,000.000000 8.520093 0.000000 8.520093 1,000.000000 10.224112% 10.216198%
IFB 879.460088 7.493082 21.404812 28.897894 858.055275 10.224112% 10.216198%
RIF 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
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SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities 3 Park Plaza
RECORD DATE: May 29, 1998 Irvine, CA 92614
DISTRIBUTION DATE: June 15, 1998 FACTOR INFORMATION: (800) 735-7777
- ------------------------------------------------------------------------------------------------------------------------------------
* Notional Balance Page 2 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-C
Statement To Certificateholders
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
IA 326,345,084.45 293,651,871.90 2,393,608.16 6,709,671.49 9,103,279.65 0.00 0.00 286,942,200.41
RIA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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TOTALS 326,345,084.45 293,651,871.90 2,393,608.16 6,709,671.49 9,103,279.65 0.00 0.00 286,942,200.41
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------------
IA 899.820116 7.334592 20.560051 27.894643 879.260066 9.781411% 9.783035%
RIA 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
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SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities 3 Park Plaza
RECORD DATE: May 29, 1998 Irvine, CA 92614
DISTRIBUTION DATE: June 15, 1998 FACTOR INFORMATION: (800) 735-7777
- ------------------------------------------------------------------------------------------------------------------------------------
* Notional Balance Page 3 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-C
Statement To Certificateholders
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
IIAF 174,237,135.54 158,018,835.63 1,114,810.23 2,879,956.16 3,994,766.39 0.00 0.00 155,138,879.47
II1F 630,000.00 440,701.73 3,109.12 31,896.20 35,005.32 0.00 0.00 408,805.53
II2F 207,900.00 207,900.00 1,466.72 0.00 1,466.72 0.00 0.00 207,900.00
II3F 250,000.00 250,000.00 1,763.73 0.00 1,763.73 0.00 0.00 250,000.00
II4F 100,000.00 100,000.00 705.49 0.00 705.49 0.00 0.00 100,000.00
II5F 120,000.00 120,000.00 846.59 0.00 846.59 0.00 0.00 120,000.00
II6F 150,000.00 150,000.00 1,058.24 0.00 1,058.24 0.00 0.00 150,000.00
II7F 97,780.00 97,780.00 689.83 0.00 689.83 0.00 0.00 97,780.00
II8F 88,890.00 88,890.00 627.11 0.00 627.11 0.00 0.00 88,890.00
II9F 80,000.00 80,000.00 564.39 0.00 564.39 0.00 0.00 80,000.00
II10F 53,350.00 53,350.00 376.38 0.00 376.38 0.00 0.00 53,350.00
IIMF 1,777,939.91 1,636,252.44 9,034.74 29,387.31 38,422.05 0.00 2,508.89 1,609,374.02
IIAA 319,818,182.76 287,778,834.45 2,345,736.00 6,575,478.07 8,921,214.07 0.00 0.00 281,203,356.38
II1A 2,447,580.00 2,041,818.88 16,643.23 76,228.89 92,872.12 0.00 0.00 1,965,589.99
II2A 277,390.00 277,390.00 2,261.05 0.00 2,261.05 0.00 0.00 277,390.00
II3A 277,390.00 277,390.00 2,261.05 0.00 2,261.05 0.00 0.00 277,390.00
II4A 261,090.00 261,090.00 2,128.19 0.00 2,128.19 0.00 0.00 261,090.00
IIMA 3,263,451.69 3,015,348.57 15,446.46 67,096.71 82,543.17 0.00 9,132.18 957,384.04
IIIO* 40,500,000.00 40,500,000.00 236,250.00 0.00 236,250.00 0.00 0.00 40,500,000.00
RII 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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TOTALS 504,138,079.90 454,895,581.70 3,755,778.55 9,660,043.34 13,415,821.89 0.00 11,641.07 445,247,179.43
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------------
IIAF 906.918236 6.398236 16.528946 22.927181 890.389290 8.465904% 8.425351%
II1F 699.526556 4.935111 50.628889 55.564000 648.897667 8.465904% 8.425351%
II2F 1,000.000000 7.054930 0.000000 7.054930 1,000.000000 8.465904% 8.425351%
II3F 1,000.000000 7.054920 0.000000 7.054920 1,000.000000 8.465904% 8.425351%
II4F 1,000.000000 7.054900 0.000000 7.054900 1,000.000000 8.465904% 8.425351%
II5F 1,000.000000 7.054917 0.000000 7.054917 1,000.000000 8.465904% 8.425351%
II6F 1,000.000000 7.054933 0.000000 7.054933 1,000.000000 8.465904% 8.425351%
II7F 1,000.000000 7.054919 0.000000 7.054919 1,000.000000 8.465904% 8.425351%
II8F 1,000.000000 7.054899 0.000000 7.054899 1,000.000000 8.465904% 8.425351%
II10F 1,000.000000 7.054920 0.000000 7.054920 1,000.000000 8.465904% 8.425351%
IIMF 920.308066 5.081578 16.528854 21.610432 905.190333 8.465904% 8.425351%
IIAA 899.820116 7.334592 20.560051 27.894643 879.260066 9.781411% 9.783035%
II1A 834.219466 6.799872 31.144596 37.944468 803.074870 9.781411% 9.783035%
II2A 1,000.000000 8.151159 0.000000 8.151159 1,000.000000 9.781411% 9.783035%
II3A 1,000.000000 8.151159 0.000000 8.151159 1,000.000000 9.781411% 9.783035%
II4A 1,000.000000 8.151174 0.000000 8.151174 1,000.000000 9.781411% 9.783035%
IIMA 923.975244 4.733166 20.560044 25.293210 906.213519 9.781411% 9.783035%
IIIO* 1,000.000000 5.833333 0.000000 5.833333 1,000.000000 7.000000% 7.000000%
RII 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------
SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities 3 Park Plaza
RECORD DATE: May 29, 1998 Irvine, CA 92614
DISTRIBUTION DATE: June 15, 1998 FACTOR INFORMATION: (800) 735-7777
- ------------------------------------------------------------------------------------------------------------------------------------
* Notional Balance Page 4 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-C
Statement To Certificateholders
- ------------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 15, 1998
- ------------------------------------------------------------------------------------------------------------------------------------
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1 2 3+
DELINQUENT LOAN INFORMATION Payment Payments Payments Total
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed Group PRINCIPAL BALANCE 7,376,504.92 1,094,916.59 215,355.83 8,686,777.34
- -----------
PERCENTAGE OF POOL BALANCE 4.65968% 0.69165% 0.13604% 5.48737%
NUMBER OF LOANS 137 19 5 161
PERCENTAGE OF POOL LOANS 5.01281% 0.69521% 0.18295% 5.89096%
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Adj Group PRINCIPAL BALANCE 13,537,561.59 3,600,544.40 1,072,058.57 18,210,164.56
- -----------
PERCENTAGE OF POOL BALANCE 4.71787% 1.25480% 0.37361% 6.34628%
NUMBER OF LOANS 168 32 15 215
PERCENTAGE OF POOL LOANS 5.36056% 1.02106% 0.47862% 6.86024%
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FORECLOSURE LOAN INFORMATION
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed Group PRINCIPAL BALANCE 106,610.10 592,666.92 6,915,415.67 7,614,692.69
- -----------
PERCENTAGE OF POOL BALANCE 0.06734% 0.37438% 4.36841% 4.81014%
NUMBER OF LOANS 1 13 118 132
PERCENTAGE OF POOL LOANS 0.03659% 0.47567% 4.31760% 4.82986%
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Adj Group PRINCIPAL BALANCE 178,739.60 1,291,784.82 20,688,946.51 22,159,470.93
- -----------
PERCENTAGE OF POOL BALANCE 0.06229% 0.45019% 7.21014% 7.72263%
NUMBER OF LOANS 2 18 245 265
PERCENTAGE OF POOL LOANS 0.06382% 0.57435% 7.81749% 8.45565%
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REO LOAN INFORMATION
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed Group PRINCIPAL BALANCE 0.00 0.00 134,471.59 134,471.59
- -----------
PERCENTAGE OF POOL BALANCE 0.00000% 0.00000% 0.08494% 0.08494%
NUMBER OF LOANS 0 0 3 3
PERCENTAGE OF POOL LOANS 0.00000% 0.00000% 0.10977% 0.10977%
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Adj Group PRINCIPAL BALANCE 0.00 0.00 105,886.75 105,886.75
- -----------
PERCENTAGE OF POOL BALANCE 0.00000% 0.00000% 0.03690% 0.03690%
NUMBER OF LOANS 0 0 2 2
PERCENTAGE OF POOL LOANS 0.00000% 0.00000% 0.06382% 0.06382%
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BANKRUPTCY LOAN INFORMATION
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed Group PRINCIPAL BALANCE 248,836.02 147,120.97 111,656.75 507,613.74
- -----------
PERCENTAGE OF POOL BALANCE 0.15719% 0.09294% 0.07053% 0.32066%
NUMBER OF LOANS 3 2 4 9
PERCENTAGE OF POOL LOANS 0.10977% 0.07318% 0.14636% 0.32931%
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Adj Group PRINCIPAL BALANCE 212,362.94 71,805.71 447,095.79 731,264.44
- -----------
PERCENTAGE OF POOL BALANCE 0.07401% 0.02502% 0.15581% 0.25485%
NUMBER OF LOANS 5 1 4 10
PERCENTAGE OF POOL LOANS 0.15954% 0.03191% 0.12763% .31908%
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TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed Group PRINCIPAL BALANCE 7,731,951.04 1,834,704.48 7,376,899.84 16,943,555.36
- -----------
PERCENTAGE OF POOL BALANCE 4.88421% 1.15897% 4.65993% 10.70311%
NUMBER OF LOANS 141 34 130 305
PERCENTAGE OF POOL LOANS 5.15917% 1.24405% 4.75668% 11.15990%
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Adj Group PRINCIPAL BALANCE 13,928,664.13 4,964,134.93 22,313,987.62 41,206,786.68
- -----------
PERCENTAGE OF POOL BALANCE 4.85417% 1.73001% 7.77647% 14.36066%
NUMBER OF LOANS 175 51 266 492
PERCENTAGE OF POOL LOANS 5.58392% 1.62731% 8.48756% 15.69879%
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Page 5 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-C
Statement To Certificateholders
- ------------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 15, 1998
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT INFORMATION
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- ------------------------------------------------------------------------------------------------------------------------------------
SOURCES OF PRINCIPAL Fixed Group Adj Group Total
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SCHEDULED PRINCIPAL RECEIVED 187,534.17 139,762.32 327,296.49
PREPAYMENTS & CURTAILMENTS 2,751,196.61 6,569,909.17 9,321,105.78
REPURCHASES/SUBSTITUTIONS 0.00 0.00 0.00
LIQUIDATION PROCEEDS 0.00 0.00 0.00
INSURANCE PROCEEDS 0.00 0.00 0.00
OTHER PRINCIPAL
LESS: REALIZED LOSSES 0.00 0.00 0.00
TOTAL PRINCIPAL 2,938,730.78 6,709,671.49 9,648,402.27
- ---------------------------------------------------------------------------------------- ---------------
- ------------------------------------------------------------------------------------------------------------------------------------
SOURCES OF INTEREST
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SCHEDULED INTEREST 1,440,996.34 2,515,963.11 3,956,959.45
REPURCHASES/SUBSTITUTIONS 0.00 0.00 0.00
LIQUIDATION PROCEEDS 0.00 0.00 0.00
INSURANCE PROCEEDS 0.00 0.00 0.00
OTHER INTEREST 0.00 0.00 0.00
LESS: DELINQUENT INTEREST (350,101.91) (714,206.96) (1,064,308.87)
LESS: PPIS 0.00 0.00 0.00
LESS: PPIS CIVIL RELIEF SHORTFALL 0.00 0.00 0.00
LESS: CURRENT SERVICING FEES (51,953.07) (89,855.35) (141,808.42)
LESS: REALIZED LOSSES 0.00 0.00 0.00
PLUS: COMPENSATING INTEREST 0.00 0.00 0.00
PLUS: INTEREST ADVANCED AMOUNT 334,870.10 681,707.36 1,016,577.46
PLUS: CAPITALIZED INTEREST AMOUNT 0.00 0.00 0.00
TOTAL INTEREST 1,373,811.46 2,393,608.16 3,767,419.62
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PERMITTED WITHDRAWALS
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- ------------------------------------------------------------------------------------------------------------------------------------
0.00 0.00 0.00
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TOTAL SOURCES
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4,312,542.24 9,103,279.65 13,415,821.89
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MORTGAGE REPLACEMENT SUBSTITUTION AMOUNT
TOTAL REMITTANCE DUE 13,415,821.89
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Page 6 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-C
Statement To Certificateholders
- ------------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 15, 1998
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SERVICING FEES Fixed Group Adj Group Total
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 67,184.88 122,354.95 189,539.83
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00 0.00 0.00
LESS: DELINQUENT SERVICE FEES: (15,231.81) (32,499.60) (47,731.41)
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 51,953.07 89,855.35 141,808.42
AMOUNT PER $1000 CERTIFICATE:
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POOL INFORMATION Fixed Group Adj Group Total
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
PRIOR PRINCIPAL BALANCE OF POOL: 161,243,709.82 293,651,871.90 454,895,581.72
CURRENT PRINCIPAL BALANCE OF POOL: 158,304,979.04 286,942,200.41 445,247,179.45
GROUP FACTOR 89.03893% 87.92601% 88.31850%
PRIOR NUMBER OF LOANS: 2,786 3,194 5,980
CURRENT NUMBER OF LOANS: 2,733 3,134 5,867
NUMBER OF LOANS PURCHASED FROM Mortgage Replacement 0 0 0
CURRENT PRINCIPAL BAL. OF LOANS PURCHASED FROM Mortgage Replacement 0 0 0.00
NUMBER OF LOANS PAID IN FULL: 53 60 113
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 10.72411% 10.28141%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 10.71620% 10.28303%
WEIGHTED AVERAGE TERM TO MATURITY: 279 347
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
TRIGGER EVENTS Fixed Group Adj Group
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
HAS TRIGGER EVENT OCCURRED ? NO NO
ROLLING DELINQUENCY PERCENTAGES 5.29351% 8.61646%
SENIOR ENHANCEMENT PERCENTAGE 21.71981% 31.18049%
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
OVERCOLLATERALIZATION Fixed Group Adj Group
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
EXTRA PRINCIPAL DISTRIBUTION AMOUNT 250,889.14 913,218.01
OVERCOLLATERALIZATION AMOUNT 2,632,423.89 8,796,203.34
TARGET OVERCOLLATERALIZATION AMOUNT 4,889,280.00 9,790,350.00
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Page 7 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1997-C
Statement To Certificateholders
- ------------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 15, 1998
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
INTEREST CARRY FORWARD AMOUNT Prior Current
- ------------------------------------------------------------------------------------------------------------------------------------
CLASS A1F 0.00 0.00
CLASS A2F 0.00 0.00
CLASS A3F 0.00 0.00
CLASS A4F 0.00 0.00
CLASS A5F 0.00 0.00
CLASS A6F 0.00 0.00
CLASS AIO 0.00 0.00
CLASS M1F 0.00 0.00
CLASS M2F 0.00 0.00
CLASS BF1 0.00 0.00
CLASS BF2 0.00 0.00
CLASS A1A 0.00 0.00
CLASS M1A 0.00 0.00
CLASS M2A 0.00 0.00
CLASS B1A 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
Page 8 of 8 COPYRIGHT 1998 Bankers Trust Company
</TABLE>
<PAGE>
EXHIBIT 20.2
Aames Capital Corporation
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1997-D
STATEMENT TO CERTIFICATEHOLDERS
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A1F 74,381,000.00 61,485,062.64 309,333.91 3,575,465.35 3,884,799.26 0.00 0.00 57,909,597.29
A2F 27,197,000.00 27,197,000.00 148,450.29 0.00 148,450.29 0.00 0.00 27,197,000.00
A3F 35,234,000.00 35,234,000.00 193,493.38 0.00 193,493.38 0.00 0.00 35,234,000.00
A4F 14,483,000.00 14,483,000.00 82,070.33 0.00 82,070.33 0.00 0.00 14,483,000.00
A5F 15,605,000.00 15,605,000.00 93,760.04 0.00 93,760.04 0.00 0.00 15,605,000.00
A6F 19,000,000.00 19,000,000.00 106,716.67 0.00 106,716.67 0.00 0.00 19,000,000.00
M1F 13,200,000.00 13,200,000.00 78,870.00 0.00 78,870.00 0.00 0.00 13,200,000.00
M2F 11,000,000.00 11,000,000.00 67,375.00 0.00 67,375.00 0.00 0.00 11,000,000.00
BF1 9,900,000.00 9,900,000.00 63,030.00 0.00 63,030.00 0.00 0.00 9,900,000.00
A1A 84,000,000.00 72,189,441.59 353,210.91 3,560,402.89 3,913,613.80 0.00 0.00 68,629,038.70
A2A 296,000,000.00 284,189,441.59 1,453,017.20 3,560,402.89 5,013,420.09 0.00 0.00 280,629,038.70
C 0.00 9,117,702.44 0.00 0.00 0.00 0.00 1,711,131.31 10,828,833.75
RIII 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------
TOTALS 600,000,000.00 572,600,648.26 2,949,327.73 10,696,271.13 13,645,598.86 0.00 1,711,131.31 563,615,508.44
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------
A1F 00253CDU8 826.623232 4.158776 48.069606 52.228382 778.553626 5.842500% 5.843000%
A2F 00253CDV6 1,000.000000 5.458333 0.000000 5.458333 1,000.000000 6.550000% 6.550000%
A3F 00253CDW4 1,000.000000 5.491667 0.000000 5.491667 1,000.000000 6.590000% 6.590000%
A4F 00253CDX2 1,000.000000 5.666666 0.000000 5.666666 1,000.000000 6.800000% 6.800000%
A5F 00253CDY0 1,000.000000 6.008333 0.000000 6.008333 1,000.000000 7.210000% 7.210000%
A6F 00253CDZ7 1,000.000000 5.616667 0.000000 5.616667 1,000.000000 6.740000% 6.740000%
M1F 00253CEA1 1,000.000000 5.975000 0.000000 5.975000 1,000.000000 7.170000% 7.170000%
M2F 00253CEB9 1,000.000000 6.125000 0.000000 6.125000 1,000.000000 7.350000% 7.350000%
BF1 00253CEC7 1,000.000000 6.366667 0.000000 6.366667 1,000.000000 7.640000% 7.640000%
A1A 00253CED5 859.398114 4.204892 42.385749 46.590640 817.012365 5.682000%* NA
A2A 00253CEE3 960.099465 4.908842 12.028388 16.937230 948.071077 5.937500% 5.938000%
C 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
RIII 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
*We use the LIBOR rates reported on the Reuters LIBO
page to determine the interest rate for classes A1F,
C. Recently, the format of the LIBO page was expanded
to 16 banks from the previous 4. We calculated LIBOR
by averaging all 16 reported rates, then rounding as
required by the agreement.
- ------------------------------------------------------------------------------------------------------------------------------
SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers, Inc. 3 Park Plaza
RECORD DATE: May 29, 1998 Irvine, CA 92614
DISTRIBUTION DATE: June 15, 1998 FACTOR INFORMATION: (800) 735-7777
- ------------------------------------------------------------------------------------------------------------------------------
* Class A-1A Current Pass-Through Rate is a average weekly rate Page 1 of 7 (C) COPYRIGHT 1998 Bankers Trust Company
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1997-D
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ------------------------------------------------------------------------------------------------------------------------------
LTFM 218,018,698.78 208,572,543.90 1,755,695.22 2,915,982.06 4,671,677.28 0.00 6,300.29 205,662,862.13
LTA1F 743,810.00 614,850.63 5,175.61 35,754.65 40,930.26 0.00 0.00 579,095.98
LTA2F 271,970.00 271,970.00 2,289.35 0.00 2,289.35 0.00 0.00 271,970.00
LTA3F 352,340.00 352,340.00 2,965.88 0.00 2,965.88 0.00 0.00 352,340.00
LTA4F 144,830.00 144,830.00 1,219.13 0.00 1,219.13 0.00 0.00 144,830.00
LTA5F 156,050.00 156,050.00 1,313.58 0.00 1,313.58 0.00 0.00 156,050.00
LTA6F 190,000.00 190,000.00 1,599.36 0.00 1,599.36 0.00 0.00 190,000.00
LTM1F 132,000.00 132,000.00 1,111.13 0.00 1,111.13 0.00 0.00 132,000.00
LTM2F 110,000.00 110,000.00 925.94 0.00 925.94 0.00 0.00 110,000.00
LTB1F 99,000.00 99,000.00 833.35 0.00 833.35 0.00 0.00 99,000.00
LTAM3 81,123,170.95 363,252,806.57 2,860,501.63 6,031,006.13 8,891,507.76 0.00 10,288.80 357,232,089.24
LTA1A 840,000.00 721,894.41 5,684.69 35,604.02 41,288.71 0.00 0.00 686,290.39
LTA2A 2,960,000.00 2,841,894.42 22,379.02 35,604.03 57,983.05 0.00 0.00 2,806,290.39
RI 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------
TOTALS 605,141,869.73 577,460,179.93 4,661,693.899,053,950.89 13,715,644.78 0.00 16,589.09 568,422,818.13
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------
LTFM 956.672731 8.052957 13.374917 21.427874 943.326711 10.101206% 10.091163%
LTA1F 826.623237 6.958242 48.069601 55.027843 778.553636 10.101206% 10.091163%
LTA2F 1,000.000000 8.417656 0.000000 8.417656 1,000.000000 10.101206% 10.091163%
LTA3F 1,000.000000 8.417665 0.000000 8.417665 1,000.000000 10.101206% 10.091163%
LTA4F 1,000.000000 8.417662 0.000000 8.417662 1,000.000000 10.101206% 10.091163%
LTA5F 1,000.000000 8.417687 0.000000 8.417687 1,000.000000 10.101206% 10.091163%
LTA6F 1,000.000000 8.417684 0.000000 8.417684 1,000.000000 10.101206% 10.091163%
LTM1F 1,000.000000 8.417652 0.000000 8.417652 1,000.000000 10.101206% 10.091163%
LTM2F 1,000.000000 8.417636 0.000000 8.417636 1,000.000000 10.101206% 10.091163%
LTB1F 1,000.000000 8.417677 0.000000 8.417677 1,000.000000 10.101206% 10.091163%
LTAM 953.111315 7.505452 15.824297 23.329749 937.314014 9.449623% 9.491404%
LTA1A 859.398107 6.767488 42.385738 49.153226 817.012369 9.449623% 9.491404%
LTA2A 960.099466 7.560480 12.028389 19.588868 948.071078 9.449623% 9.491404%
RI 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------
SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers, Inc. 3 Park Plaza
RECORD DATE: May 29, 1998 Irvine, CA 92614
DISTRIBUTION DATE: June 15, 1998 FACTOR INFORMATION: (800) 735-7777
- ------------------------------------------------------------------------------------------------------------------------------
* Notional Balance Page 2 of 7 (C) COPYRIGHT 1998 Bankers Trust Company
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1997-D
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ------------------------------------------------------------------------------------------------------------------------------
MTFM 218,018,698.78 208,572,543.90 1,755,695.22 2,915,982.06 4,671,677.28 0.00 6,300.29 205,662,862.13
MTA1F 743,810.00 614,850.63 2,993.55 35,754.65 38,748.20 0.00 0.00 579,095.98
MTA2F 271,970.00 271,970.00 1,484.50 0.00 1,484.50 0.00 0.00 271,970.00
MTA3F 352,340.00 352,340.00 1,934.93 0.00 1,934.93 0.00 0.00 352,340.00
MTA4F 144,830.00 144,830.00 820.70 0.00 820.70 0.00 0.00 144,830.00
MTA5F 156,050.00 156,050.00 937.60 0.00 937.60 0.00 0.00 156,050.00
MTA6F 190,000.00 190,000.00 1,067.17 0.00 1,067.17 0.00 0.00 190,000.00
MTM1F 132,000.00 132,000.00 788.70 0.00 788.70 0.00 0.00 132,000.00
MTA2F 110,000.00 110,000.00 673.75 0.00 673.75 0.00 0.00 110,000.00
MTB1F 99,000.00 99,000.00 630.30 0.00 630.30 0.00 0.00 99,000.00
MTFIO 0.00 0.00 6,102.13 0.00 6,102.13 0.00 0.00 0.00
MTAM 381,123,170.95 363,252,806.57 2,860,501.63 6,031,006.13 8,891,507.76 0.00 10,288.80 357,232,089.24
MTA1A 840,000.00 721,894.41 3,418.17 35,604.02 39,022.19 0.00 0.00 686,290.39
MTA2A 2,960,000.00 2,841,894.42 14,061.45 35,604.03 49,665.48 0.00 0.00 2,806,290.39
MTAIO 0.00 0.00 10,584.09 0.00 10,584.09 0.00 0.00 0.00
RII 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------
TOTALS 605,141,869.73 577,460,179.93 4,661,693.89 9,053,950.89 3,715,644.78 0.00 16,589.09 568,422,818.13
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------
MTFM 956.672731 8.052957 13.374917 21.427874 943.326711 10.101206% 10.091163%
MTA1F 826.623237 4.024617 48.069601 52.094218 778.553636 5.842500% 5.843000%
MTA2F 1,000.000000 5.458323 0.000000 5.458323 1,000.000000 6.550000% 6.550000%
MTA3F 1,000.000000 5.491656 0.000000 5.491656 1,000.000000 6.590000% 6.590000%
MTA4F 1,000.000000 5.666644 0.000000 5.666644 1,000.000000 6.800000% 6.800000%
MTA5F 1,000.000000 6.008331 0.000000 6.008331 1,000.000000 7.210000% 7.210000%
MTA6F 1,000.000000 5.616684 0.000000 5.616684 1,000.000000 6.740000% 6.740000%
MTM1F 1,000.000000 5.975000 0.000000 5.975000 1,000.000000 7.170000% 7.170000%
MTA2F 1,000.000000 6.125000 0.000000 6.125000 1,000.000000 7.350000% 7.350000%
MTB1F 1,000.000000 6.366667 0.000000 6.366667 1,000.000000 7.640000% 7.640000%
MTFIO 0.000000 0.010084 0.000000 0.010084 0.000000 0.000000% 0.000000%
MTAM 953.111315 7.505452 15.824297 23.329749 937.314014 9.449623% 9.491404%
MTA1A 859.398107 4.069250 42.385738 46.454988 817.012369 5.682000 N/A
MTA2A 960.099466 4.750490 12.028389 16.778878 948.071078 5.937500% 5.938000%
MTAIO 0.000000 0.017490 0.000000 0.017490 0.000000 0.000000 0.000000
RII 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------------
SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers, Inc. 3 Park Plaza
RECORD DATE: May 29, 1998 Irvine, CA 92614
DISTRIBUTION DATE: June 15, 1998 FACTOR INFORMATION: (800) 735-7777
- ------------------------------------------------------------------------------------------------------------------------------
* Notional Balance Page 3 of 7 (C) COPYRIGHT 1998 Bankers Trust Company
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1997-D
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 15, 1998
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 2 3+
DELINQUENT LOAN INFORMATION PAYMENT PAYMENTS PAYMENTS TOTAL
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
FIXED GROUP PRINCIPAL BALANCE 8,220,892.81 1,657,622.86 518,356.72 10,396,872.39
- ------------
PERCENTAGE OF POOL BALANCE 3.95810% 0.79809% 0.24957% 5.00576%
NUMBER OF LOANS 154 29 11 194
PERCENTAGE OF POOL LOANS 4.29568% 0.80893% 0.30683% 5.41144%
- ------------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 16,135,947.94 3,471,627.02 1,711,187.07 21,318,762.03
- ------------
PERCENTAGE OF POOL BALANCE 4.47320% 0.96240% 0.47437% 5.90998%
NUMBER OF LOANS 173 39 18 230
PERCENTAGE OF POOL LOANS 4.59862% 1.03668% 0.47847% 6.11377%
- ------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE LOAN INFORMATION
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
FIXED GROUP PRINCIPAL BALANCE 0.00 1,030,600.51 6,061,792.57 7,092,393.08
- ------------
PERCENTAGE OF POOL BALANCE 0.00000% 0.49620% 2.91856% 3.41476%
NUMBER OF LOANS 0 18 109 127
PERCENTAGE OF POOL LOANS 0.00000% 0.50209% 3.04045% 3.54254%
- ------------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 0.00 1,376,805.34 14,343,876.48 15,720,681.82
- ------------
PERCENTAGE OF POOL BALANCE 0.00000% 0.38168% 3.97641% 4.35808%
NUMBER OF LOANS 0 15 169 184
PERCENTAGE OF POOL LOANS 0.00000% 0.39872% 4.49229% 4.89102%
- ------------------------------------------------------------------------------------------------------------------------------
REO LOAN INFORMATION
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
FIXED GROUP PRINCIPAL BALANCE 0.00 0.00 30,548.24 30,548.24
- ------------
PERCENTAGE OF POOL BALANCE 0.00000% 0.00000% 0.01471% 0.01471%
NUMBER OF LOANS 0 0 1 1
PERCENTAGE OF POOL LOANS 0.00000% 0.00000% 0.02789% 0.02789%
- ------------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 0.00 0.00 107,950.00 107,950.00
- ------------
PERCENTAGE OF POOL BALANCE 0.00000% 0.00000% 0.02993% 0.02993%
NUMBER OF LOANS 0 0 3 3
PERCENTAGE OF POOL LOANS 0.00000% 0.00000% 0.07974% 0.07974%
- ------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY LOAN INFORMATION
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
FIXED GROUP PRINCIPAL BALANCE 0.00 111,777.00 449,147.43 560,924.43
- ------------
PERCENTAGE OF POOL BALANCE 0.00000% 0.05382% 0.21625% 0.27007%
NUMBER OF LOANS 0 1 6 7
PERCENTAGE OF POOL LOANS 0.00000% 0.02789% 0.16736% 0.19526%
- ------------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 83,863.89 91,705.76 363,966.88 539,536.53
- ------------
PERCENTAGE OF POOL BALANCE 0.02325% 0.02542% 0.10090% 0.14957%
NUMBER OF LOANS 1 1 7 9
PERCENTAGE OF POOL LOANS 0.02658% 0.02658% 0.18607% 0.23923%
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
TOTAL
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
FIXED GROUP PRINCIPAL BALANCE 8,220,892.81 2,800,000.37 7,059,844.96 18,080,738.14
- ------------
PERCENTAGE OF POOL BALANCE 3.95810% 1.34811% 3.39909% 8.70530%
NUMBER OF LOANS 154 48 127 329
PERCENTAGE OF POOL LOANS 4.29568% 1.33891% 3.54254% 9.17713%
- ------------------------------------------------------------------------------------------------------------------------------
ADJ GROUP PRINCIPAL BALANCE 16,219,811.83 4,940,138.12 16,526,980.43 37,686,930.38
- ------------
PERCENTAGE OF POOL BALANCE 4.49645% 1.36950% 4.58161% 10.44756%
NUMBER OF LOANS 174 55 197 426
PERCENTAGE OF POOL LOANS 4.62520% 1.46199% 5.23658% 11.32376%
- ------------------------------------------------------------------------------------------------------------------------------
Page 4 of 7 (C) COPYRIGHT 1998 Bankers Trust Company
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1997-D
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 15, 1998
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT INFORMATION
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
SOURCES OF PRINCIPAL FIXED GROUP ADJ GROUP TOTAL
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
SCHEDULED PRINCIPAL RECEIVED 265,573.90 209,635.77 475,209.67
PREPAYMENTS & CURTAILMENTS 2,679,862.52 5,882,289.61 8,562,152.13
REPURCHASES/SUBSTITUTIONS 0.00 0.00 0.00
LIQUIDATION PROCEEDS 0.00 0.00 0.00
INSURANCE PROCEEDS 0.00 0.00 0.00
OTHER PRINCIPAL
LESS: REALIZED LOSSES 0.00 0.00 0.00
TOTAL PRINCIPAL 2,945,436.42 6,091,925.38 9,037,361.80
- --------------------------------------------------------------------------------- ----------------
- ------------------------------------------------------------------------------------------------------------------------------
SOURCES OF INTEREST
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
SCHEDULED INTEREST 1,860,896.72 3,041,405.59 4,902,302.31
REPURCHASES/SUBSTITUTIONS 0.00 0.00 0.00
LIQUIDATION PROCEEDS 0.00 0.00 0.00
INSURANCE PROCEEDS 0.00 0.00 0.00
OTHER INTEREST 0.00 0.00 0.00
LESS: DELINQUENT INTEREST (432,088.14) (713,598.29) (1,145,686.43)
LESS: PPIS 0.00 0.00 0.00
LESS: PPIS CIVIL RELIEF SHORTFALL 0.00 0.00 0.00
LESS: CURRENT SERVICING FEES (68,818.31) (119,559.60) (188,377.91)
LESS: REALIZED LOSSES 0.00 0.00 0.00
PLUS: COMPENSATING INTEREST 0.00 0.00 0.00
PLUS: INTEREST ADVANCED AMOUNT 413,138.28 680,317.64 1,093,455.92
PLUS: CAPITALIZED INTEREST AMOUNT 0.00 0.00 0.00
PLUS: CLOSING DATE DEPOSIT 0.00 0.00 0.00
TOTAL INTEREST 1,773,128.55 2,888,565.34 4,661,693.89
- ------------------------------------------------------------------------------------------------------------------------------
PERMITTED WITHDRAWALS
- ------------------------------------------------------------------------------------------------------------------------------
0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------
TOTAL SOURCES
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
4,718,564.97 8,980,490.72 13,699,055.69
- ------------------------------------------------------------------------------------------------------------------------------
MORTGAGE REPLACEMENT SUBSTITUTION AMOUNT
TOTAL REMITTANCE DUE 13,699,055.69
- ------------------------------------------------------------------------------------------------------------------------------
Page 5 of 7 C) COPYRIGHT 1998 Bankers Trust Company
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1997-D
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 15, 1998
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
SERVICING FEES FIXED GROUP ADJ GROUP TOTAL
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 87,768.16 152,840.25 240,608.41
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00 0.00 0.00
LESS: DELINQUENT SERVICE FEES: (18,949.85) (33,280.65) (52,230.50)
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 68,818.31 119,559.60 188,377.91
AMOUNT PER $1000 CERTIFICATE:
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
POOL INFORMATION FIXED GROUP ADJ GROUP TOTAL
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
PRIOR PRINCIPAL BALANCE OF POOL: 210,643,584.55 366,816,595.40 577,460,179.95
CURRENT PRINCIPAL BALANCE OF POOL: 207,698,148.13 360,724,670.02 568,422,818.15
GROUP FACTOR 94.31449% 93.71342% 93.93216%
PRIOR NUMBER OF LOANS: 3,635 3,806 7,441
CURRENT NUMBER OF LOANS: 3,585 3,762 7,347
NUMBER OF LOANS PURCHASED FROM Mortgage Replacement 0 0 0
CURRENT PRINCIPAL BAL. OF LOANS PURCHASED FROM Mortgage Replacement 0 0 0.00
NUMBER OF LOANS PAID IN FULL: 50 44 94
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 10.60121% 9.94962%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 10.59116% 9.99140%
WEIGHTED AVERAGE TERM TO MATURITY: 289 350
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
TRIGGER EVENTS FIXED GROUP ADJ GROUP
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
HAS TRIGGER EVENT OCCURRED ? NO YES
ROLLING DELINQUENCY PERCENTAGES > 50% OF SENIOR ENHANCEMENT % ? NO
TARGET LOSS OC EVENT OCCURED? NO
STEP DOWN ROLLING LOSS TEST NOT SATISFIED? NO
STEP DOWN ROLLING DELINQUENCY TEST NOT SATISFIED? NO
STEP DOWN CUMMULATIVE LOSS TEST NOT SATISFIED? YES
SENIOR ENHANCEMENT % 101.42%
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
OVERCOLLATERALIZATION FIXED GROUP ADJ GROUP
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
EXTRA PRINCIPAL DISTRIBUTION AMOUNT 630,028.93 1,028,880.40
OVERCOLLATERALIZATION AMOUNT 4,169,550.84 11,466,592.62
TARGET OVERCOLLATERALIZATION AMOUNT 4,400,000.00 19,246,158.55
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
Page 6 of 7 (C) COPYRIGHT 1998 Bankers Trust Company
AAMES CAPITAL CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1997-D
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 15, 1998
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
INTEREST CARRY FORWARD AMOUNT PRIOR CURRENT
- ------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
CLASS A1F 0.00 0.00
CLASS A2F 0.00 0.00
CLASS A3F 0.00 0.00
CLASS A4F 0.00 0.00
CLASS A5F 0.00 0.00
CLASS A6F 0.00 0.00
CLASS M1F 0.00 0.00
CLASS M2F 0.00 0.00
CLASS BF1 0.00 0.00
CLASS A1A 0.00 0.00
CLASS A2A 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
CERTIFICATE INSURER INFORMATION
- ------------------------------------------------------------------------------------------------------------------------------
FINANCIAL GUARANTY PREMIUM PAID: 53,456.83
INSURED AMOUNTS: 0.00
UNPAID INSURED AMOUNTS AND INTEREST ON THE AMOUNTS: 0.00
- ------------------------------------------------------------------------------------------------------------------------------
Weekly Rates Used in Calculating Class A-1A Pass Through Rate
Week Beggining Week Ending Rate
05/15/98 05/15/98 5.6820%
05/16/98 05/22/98 5.6820%
05/23/98 05/29/98 5.6820%
05/30/98 06/05/98 5.6820%
06/06/98 06/12/98 5.6820%
06/13/98 06/14/98 5.6820%
- ------------------------------------------------------------------------------------------------------------------------------
Page 7 of 7 COPYRIGHT 1998 Bankers Trust Company
</TABLE>
<PAGE>
EXHIBIT 20.3
<TABLE>
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1998-A
REMIC I
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>
IFA 15,000,000.00 15,000,000.00 123,555.65 0.00 123,555.65 0.00 0.00 15,000,000.00
IFB 135,000,000.00 133,719,238.13 1,101,451.12 821,254.96 1,922,706.08 0.00 0.00 132,897,983.17
IA 150,000,000.00 149,405,115.79 1,163,224.70 651,376.29 1,814,600.99 0.00 0.00 148,753,739.50
R1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 300,000,000.00 298,124,353.92 2,388,231.47 1,472,631.25 3,860,862.72 0.00 0.00 296,651,722.67
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------------------------------------------------------------------------------------------------------------------------------------
IFA 1,000.000000 8.237043 0.000000 8.237043 1,000.000000 9.884452% 9.878540%
IFB 990.512875 8.158897 6.083370 14.242267 984.429505 9.884452% 9.878540%
IA 996.034105 7.754831 4.342509 12.097340 991.691597 9.342850% 9.363764%
R1 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------------------------------------
SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Donaldson, Lufkin, & Jenrette Securities Inc. 3 Park Plaza
RECORD DATE: May 29, 1998 Irvine, CA 92614
DISTRIBUTION DATE: June 15, 1998 FACTOR INFORMATION: (800) 735-7777
- ------------------------------------------------------------------------------------------------------------------------------------
Page 1 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1998-A
Remic II
Statement To Certificateholders
- ------------------------------------------------------------------------------------------------------------------------------------
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- -----------------------------------------------------------------------------------------------------------------------------------
LTFM 148,500,000.00 147,239,559.00 1,150,940.42 813,042.41 1,963,982.83 0.00 3,746.45 146,430,263.04
LTA1F 615,000.00 594,679.13 4,648.48 11,959.00 16,607.48 0.00 0.00 582,720.13
LTA2F 100,000.00 100,000.00 781.68 0.00 781.68 0.00 0.00 100,000.00
LTA3F 275,000.00 275,000.00 2,149.62 0.00 2,149.62 0.00 0.00 275,000.00
LTA4F 200,000.00 200,000.00 1,563.36 0.00 1,563.36 0.00 0.00 200,000.00
LTA5F 160,000.00 160,000.00 1,250.69 0.00 1,250.69 0.00 0.00 160,000.00
LTA6F 150,000.00 150,000.00 1,172.52 0.00 1,172.52 0.00 0.00 150,000.00
LTAIO * 15,000,000.00 15,000,000.00 62,500.00 0.00 62,500.00 0.00 0.00 15,000,000.00
LTAM 148,500,000.00 147,922,896.77 1,151,684.57 644,862.53 1,796,547.10 0.00 3,938.85 147,281,973.09
LTA1A 1,110,000.00 1,092,219.02 8,503.70 10,452.61 18,956.31 0.00 0.00 1,081,766.41
LTM1A 150,000.00 150,000.00 1,167.86 0.00 1,167.86 0.00 0.00 150,000.00
LTM2A 127,500.00 127,500.00 992.68 0.00 992.68 0.00 0.00 127,500.00
LFB1A 112,500.00 112,500.00 875.89 0.00 875.89 0.00 0.00 112,500.00
R2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 300,000,000.00 298,124,353.92 2,388,231.47 1,480,316.55 3,868,548.02 0.00 7,685.30 296,651,722.67
- ------------------------------------------------------------------------------------------------------------------------------------
* Class LTAIO Represents a Notional Balance
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ---------------------------------------------------------------------------------------------------------------------------------
LTFM 991.512182 7.750441 5.475033 13.225474 986.062377 9.380146% 9.371433%
LTA1F 966.957935 7.558504 19.445528 27.004033 947.512407 9.380146% 9.371433%
LTA2F 1,000.000000 7.816800 0.000000 7.816800 1,000.000000 9.380146% 9.371433%
LTA3F 1,000.000000 7.816800 0.000000 7.816800 1,000.000000 9.380146% 9.371433%
LTA4F 1,000.000000 7.816800 0.000000 7.816800 1,000.000000 9.380146% 9.371433%
LTA5F 1,000.000000 7.816813 0.000000 7.816813 1,000.000000 9.380146% 9.371433%
LTA6F 1,000.000000 7.816800 0.000000 7.816800 1,000.000000 9.380146% 9.371433%
LTAIO* 1,000.000000 4.166667 0.000000 4.166667 1,000.000000 5.000000% 5.000000%
LTAM 996.113783 7.755452 4.342509 12.097960 991.797799 9.342850% 9.363764%
LTA1A 983.981099 7.660991 9.416766 17.077757 974.564333 9.342850% 9.363764%
LTM1A 1,000.000000 7.785733 0.000000 7.785733 1,000.000000 9.342850% 9.363764%
LTM2A 1,000.000000 7.785725 0.000000 7.785725 1,000.000000 9.342850% 9.363764%
LFB1A 1,000.000000 7.785689 0.000000 7.785689 1,000.000000 9.342850% 9.363764%
R2 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- -----------------------------------------------------------------------------------------------------------------------------------
SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Donaldson, Lufkin, & Jenrette Securities Inc. 3 Park Plaza
RECORD DATE: May 29, 1998 Irvine, CA 92614
DISTRIBUTION DATE: June 15, 1998 FACTOR INFORMATION: (800) 735-7777
- -----------------------------------------------------------------------------------------------------------------------------------
* Notional Balance Page 2 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1998-A
Remic III
Statement To Certificateholders
- -----------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS IN DOLLARS
PRIOR
CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- -----------------------------------------------------------------------------------------------------------------------------------
MTFM 148,500,000.00 147,239,559.00 1,150,940.43 813,042.41 1,963,982.84 0.00 3,746.45 146,430,263.04
MTA1F 615,000.00 594,679.13 3,102.24 11,959.00 15,061.24 0.00 0.00 582,720.13
MTA2F 100,000.00 100,000.00 516.67 0.00 516.67 0.00 0.00 100,000.00
MTA3F 275,000.00 275,000.00 1,436.88 0.00 1,436.88 0.00 0.00 275,000.00
MTA4F 200,000.00 200,000.00 1,083.33 0.00 1,083.33 0.00 0.00 200,000.00
MTA5F 160,000.00 160,000.00 932.00 0.00 932.00 0.00 0.00 160,000.00
MTA6F 150,000.00 150,000.00 807.50 0.00 807.50 0.00 0.00 150,000.00
MTAIO 0.00 0.00 62,500.00 0.00 62,500.00 0.00 0.00 0.00
MTFIO 0.00 0.00 3,687.72 0.00 3,687.72 0.00 0.00 0.00
MTAM 148,500,000.00 147,922,896.77 1,151,684.57 644,862.53 1,796,547.10 0.00 3,938.85 147,281,973.09
MTA1A 1,110,000.00 1,092,219.02 5,349.60 10,452.61 15,802.21 0.00 0.00 1,081,766.41
MTM1A 150,000.00 150,000.00 767.19 0.00 767.19 0.00 0.00 150,000.00
MTM2A 127,500.00 127,500.00 673.36 0.00 673.36 0.00 0.00 127,500.00
MTB1A 112,500.00 112,500.00 655.08 0.00 655.08 0.00 0.00 112,500.00
MTADJIO 0.00 0.00 4,094.90 0.00 4,094.90 0.00 0.00 0.00
R3 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
TOTALS 300,000,000.00 298,124,353.92 2,388,231.47 1,480,316.55 3,868,548.02 0.00 7,685.30 296,651,722.67
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- -----------------------------------------------------------------------------------------------------------------------------------
MTFM 991.512182 7.750441 5.475033 13.225474 986.062377 9.380146% 9.371433%
MTA1F 966.957935 5.044293 19.445528 24.489821 947.512407 6.260000% 6.260000%
MTA2F 1,000.000000 5.166700 0.000000 5.166700 1,000.000000 6.200000% 6.200000%
MTA3F 1,000.000000 5.225018 0.000000 5.225018 1,000.000000 6.270000% 6.270000%
MTA4F 1,000.000000 5.416650 0.000000 5.416650 1,000.000000 6.500000% 6.500000%
MTA5F 1,000.000000 5.825000 0.000000 5.825000 1,000.000000 6.990000% 6.990000%
MTA6F 1,000.000000 5.383333 0.000000 5.383333 1,000.000000 6.460000% 6.460000%
MTAIO 0.000000 0.208333 0.000000 0.208333 0.000000 0.000000% 0.000000%
MTFIO 0.000000 0.012292 0.000000 0.012292 0.000000 0.000000% 0.000000%
MTAM 996.113783 7.755452 4.342509 12.097960 991.797799 9.342850% 9.363764%
MTA1A 983.981099 4.819459 9.416766 14.236225 974.564333 5.877500% 5.878000%
MTM1A 1,000.000000 5.114600 0.000000 5.114600 1,000.000000 6.137500% 6.138000%
MTM2A 1,000.000000 5.281255 0.000000 5.281255 1,000.000000 6.337500% 6.338000%
MTB1A 1,000.000000 5.822933 0.000000 5.822933 1,000.000000 6.987500% 6.988000%
MTADJIO 0.000000 0.013649667 0.000000 0.013649667 0.000000 0.000000 0.000000
R3 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
- -----------------------------------------------------------------------------------------------------------------------------------
SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Donaldson, Lufkin, & Jenrette Securities Inc. 3 Park Plaza
RECORD DATE: May 29, 1998 Irvine, CA 92614
DISTRIBUTION DATE: June 15, 1998 FACTOR INFORMATION: (800) 735-7777
- -----------------------------------------------------------------------------------------------------------------------------------
Page 3 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1998-A
Remic IV
Statement To Certificateholders
- -----------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- -----------------------------------------------------------------------------------------------------------------------------------
A1F 61,500,000.00 59,467,913.41 310,224.28 1,195,899.95 1,506,124.23 0.00 0.00 58,272,013.47
A2F 10,000,000.00 10,000,000.00 51,666.67 0.00 51,666.67 0.00 0.00 10,000,000.00
A3F 27,500,000.00 27,500,000.00 143,687.50 0.00 143,687.50 0.00 0.00 27,500,000.00
A4F 20,000,000.00 20,000,000.00 108,333.33 0.00 108,333.33 0.00 0.00 20,000,000.00
A5F 16,000,000.00 16,000,000.00 93,200.00 0.00 93,200.00 0.00 0.00 16,000,000.00
A6F 15,000,000.00 15,000,000.00 80,750.00 0.00 80,750.00 0.00 0.00 15,000,000.00
AIO* 15,000,000.00 15,000,000.00 62,500.00 0.00 62,500.00 0.00 0.00 15,000,000.00
A1A 111,000,000.00 109,221,903.03 552,791.76 1,045,261.31 1,598,053.07 0.00 0.00 108,176,641.72
M1A 15,000,000.00 15,000,000.00 79,276.04 0.00 79,276.04 0.00 0.00 15,000,000.00
M2A 12,750,000.00 12,750,000.00 69,580.47 0.00 69,580.47 0.00 0.00 12,750,000.00
B1A 11,250,000.00 11,250,000.00 67,691.41 0.00 67,691.41 0.00 0.00 11,250,000.00
C 0.00 1,934,537.49 0.00 0.00 0.00 0.00 768,530.00 2,703,067.49
R4 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
TOTALS 300,000,000.00 298,124,353.93 1,619,701.46 2,241,161.26 3,860,862.72 0.00 768,530.00 296,651,722.68
- -----------------------------------------------------------------------------------------------------------------------------------
* Represents a Notional Amount
- -----------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ESTIMATED
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- -----------------------------------------------------------------------------------------------------------------------------------
A1F 00253CEF0 966.957942 5.044297 19.445528 24.489825 947.512414 6.260000% 6.260000%
A2F 00253CEG8 1,000.000000 5.166667 0.000000 5.166667 1,000.000000 6.200000% 6.200000%
A3F 00253CEH6 1,000.000000 5.225000 0.000000 5.225000 1,000.000000 6.270000% 6.270000%
A4F 00253CEJ2 1,000.000000 5.416667 0.000000 5.416667 1,000.000000 6.500000% 6.500000%
A5F 00253CEK9 1,000.000000 5.825000 0.000000 5.825000 1,000.000000 6.990000% 6.990000%
A6F 00253CEL7 1,000.000000 5.383333 0.000000 5.383333 1,000.000000 6.460000% 6.460000%
AIO * 00253CEM5 1,000.000000 4.166667 0.000000 4.166667 1,000.000000 5.000000% 5.000000%
A1A 00253CEN3 983.981108 4.980106 9.416769 14.396875 974.564340 5.877500% 5.878000%
M1A 00253CEP8 1,000.000000 5.285069 0.000000 5.285069 1,000.000000 6.137500% 6.138000%
M2A 00253CEQ6 1,000.000000 5.457292 0.000000 5.457292 1,000.000000 6.337500% 6.338000%
B1A 00253CER4 1,000.000000 6.017014 0.000000 6.017014 1,000.000000 6.987500% 6.988000%
C 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
R4 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
*We use the LIBOR rates reported on the Reuters LIBO page to determine the interest rate for these classes (A1A,M1A,M2A,B1A).
Recently, the format of the LIBO page was expanded to 16 banks from the previous 4. We calculated
LIBOR by averaging all 16 reported rates, then rounding as required by the agreement.
- -----------------------------------------------------------------------------------------------------------------------------------
SELLER: Aames Capital Corporation ADMINISTRATOR: David West
SERVICER: Aames Capital Corporation Bankers Trust Company
LEAD UNDERWRITER: Donaldson, Lufkin, & Jenrette Securities Inc. 3 Park Plaza
RECORD DATE: May 29, 1998 Irvine, CA 92614
DISTRIBUTION DATE: June 15, 1998 FACTOR INFORMATION: (800) 735-7777
- -----------------------------------------------------------------------------------------------------------------------------------
Page 4 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1998-A
REMIC I
Statement To Certificateholders
- -----------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 15, 1998
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
1 2 3+
DELINQUENT LOAN INFORMATION Payment Payments Payments Total
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Fixed Group PRINCIPAL BALANCE 5,054,449.78 674,571.53 416,624.84 6,145,646.15
- -------------------
PERCENTAGE OF POOL BALANCE 3.41752% 0.45611% 0.28170% 4.15533%
NUMBER OF LOANS 100 15 3 118
PERCENTAGE OF POOL LOANS 3.83436% 0.57515% 0.11503% 4.52454%
- ------------------------------------------------------------------------------------------------------------------------------
Adj Group PRINCIPAL BALANCE 7,456,322.34 978,869.84 378,264.27 8,813,456.45
- -------------------
PERCENTAGE OF POOL BALANCE 5.01253% 0.65805% 0.25429% 5.92486%
NUMBER OF LOANS 74 13 5 92
PERCENTAGE OF POOL LOANS 4.67467% 0.82123% 0.31586% 5.81175%
- ------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE LOAN INFORMATION
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
Fixed Group PRINCIPAL BALANCE 0.00 563,276.08 1,442,411.45 2,005,687.53
- -------------------
PERCENTAGE OF POOL BALANCE 0.00000% 0.38085% 0.97527% 1.35613%
NUMBER OF LOANS 0 8 22 30
PERCENTAGE OF POOL LOANS 0.00000% 0.30675% 0.84356% 1.15031%
- ------------------------------------------------------------------------------------------------------------------------------
Adj Group PRINCIPAL BALANCE 0.00 1,544,920.23 2,643,959.75 4,188,879.98
- -------------------
PERCENTAGE OF POOL BALANCE 0.00000% 1.03858% 1.77741% 2.81598%
NUMBER OF LOANS 0 14 32 46
PERCENTAGE OF POOL LOANS 0.00000% 0.88440% 2.02148% 2.90587%
- ------------------------------------------------------------------------------------------------------------------------------
REO LOAN INFORMATION
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
Fixed Group PRINCIPAL BALANCE 0.00 0.00 0.00 0.00
- -------------------
PERCENTAGE OF POOL BALANCE 0.00000% 0.00000% 0.00000% 0.00000%
NUMBER OF LOANS 0 0 0 0
PERCENTAGE OF POOL LOANS 0.00000% 0.00000% 0.00000% 0.00000%
- ------------------------------------------------------------------------------------------------------------------------------
Adj Group PRINCIPAL BALANCE 0.00 0.00 0.00 0.00
- -------------------
PERCENTAGE OF POOL BALANCE 0.00000% 0.00000% 0.00000% 0.00000%
NUMBER OF LOANS 0 0 0 0
PERCENTAGE OF POOL LOANS 0.00000% 0.00000% 0.00000% 0.00000%
- ------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY LOAN INFORMATION
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
Fixed Group PRINCIPAL BALANCE 46,026.63 0.00 52,490.96 98,517.59
- -------------------
PERCENTAGE OF POOL BALANCE 0.03112% 0.00000% 0.03549% 0.06661%
NUMBER OF LOANS 1 0 1 2
PERCENTAGE OF POOL LOANS 0.03834% 0.00000% 0.03834% 0.07669%
- ------------------------------------------------------------------------------------------------------------------------------
Adj Group PRINCIPAL BALANCE 0.00 138,437.21 234,650.00 373,087.21
- -------------------
PERCENTAGE OF POOL BALANCE 0.00000% 0.09306% 0.15774% 0.25081%
NUMBER OF LOANS 0 2 3 5
PERCENTAGE OF POOL LOANS 0.00000% 0.12634% 0.18951% 0.31586%
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
TOTAL
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
Fixed Group PRINCIPAL BALANCE 5,100,476.41 1,237,847.61 1,911,527.25 8,249,851.27
- -------------------
PERCENTAGE OF POOL BALANCE 3.44865% 0.83696% 1.29246% 5.57807%
NUMBER OF LOANS 101 23 26 150
PERCENTAGE OF POOL LOANS 3.87270% 0.88190% 0.99693% 5.75153%
- ------------------------------------------------------------------------------------------------------------------------------
Adj Group PRINCIPAL BALANCE 7,456,322.34 2,662,227.28 3,256,874.02 13,375,423.64
- -------------------
PERCENTAGE OF POOL BALANCE 5.01253% 1.78969% 2.18944% 8.99166%
NUMBER OF LOANS 74 29 40 143
PERCENTAGE OF POOL LOANS 4.67467% 1.83196% 2.52685% 9.03348%
- ------------------------------------------------------------------------------------------------------------------------------
Page 5 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1998-A
REMIC I
Statement To Certificateholders
- -----------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 15, 1998
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT INFORMATION
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
SOURCES OF PRINCIPAL Fixed Group Adj Group Total
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
SCHEDULED PRINCIPAL RECEIVED 170,875.47 189,160.61 360,036.08
PREPAYMENTS & CURTAILMENTS 650,379.49 462,215.68 1,112,595.17
REPURCHASES/SUBSTITUTIONS 0.00 0.00 0.00
LIQUIDATION PROCEEDS 0.00 0.00 0.00
INSURANCE PROCEEDS 0.00 0.00 0.00
OTHER PRINCIPAL 0.00 0.00 0.00
PREFUNDING ACCOUNT TERMINATION 0.00 0.00 0.00
LESS: REALIZED LOSSES 0.00 0.00 0.00
TOTAL PRINCIPAL 821,254.96 651,376.29 1,472,631.25
- ---------------------------------------------------------------------------- -----------------
- ---------------------------------------------------------------------------------------------------------------------------------
SOURCES OF INTEREST
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
SCHEDULED INTEREST 1,301,769.91 1,225,476.83 2,527,246.74
REPURCHASES/SUBSTITUTIONS 0.00 0.00 0.00
LIQUIDATION PROCEEDS 0.00 0.00 0.00
INSURANCE PROCEEDS 0.00 0.00 0.00
OTHER INTEREST 0.00 0.00 0.00
LESS: DELINQUENT INTEREST (218,167.33) (254,911.88) (473,079.21)
LESS: PPIS 0.00 0.00 0.00
LESS: PPIS CIVIL RELIEF SHORTFALL 0.00 0.00 0.00
LESS: CURRENT SERVICING FEES (52,461.64) (50,322.01) (102,783.65)
LESS: REALIZED LOSSES 0.00 0.00 0.00
PLUS: COMPENSATING INTEREST 0.00 0.00 0.00
PLUS: INTEREST ADVANCED AMOUNT 208,662.62 242,981.76 451,644.38
PLUS: CAPITALIZED INTEREST AMOUNT 0.00 0.00 0.00
PLUS: CLOSING DATE DEPOSIT 0.00 0.00 0.00
TOTAL INTEREST 1,239,803.56 1,163,224.70 2,403,028.26
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PERMITTED WITHDRAWALS
- ---------------------------------------------------------------------------------------------------------------------------------
0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------------------
TOTAL SOURCES
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
2,061,058.52 1,814,600.99 3,875,659.51
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MORTGAGE REPLACEMENT SUBSTITUTION AMOUNT 0.00
TOTAL REMITTANCE DUE 3,875,659.51
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Page 6 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1998-A
REMIC I
Statement To Certificateholders
- ----------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 15, 1998
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
SERVICING FEES Fixed Group Adj Group Total
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 61,966.35 62,252.13 124,218.48
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00 0.00 0.00
LESS: DELINQUENT SERVICE FEES: (9,504.71) (11,930.12) (21,434.83)
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 52,461.64 50,322.01 102,783.65
AMOUNT PER $1000 CERTIFICATE:
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
POOL INFORMATION Fixed Group Adj Group Total
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
PRIOR PRINCIPAL BALANCE OF POOL: 148,719,238.12 149,405,115.80 298,124,353.92
CURRENT PRINCIPAL BALANCE OF POOL: 147,897,983.16 148,753,739.51 296,651,722.67
GROUP FACTOR 98.59866% 99.16916% 98.88391%
PRIOR NUMBER OF LOANS: 2,629 1,591 4,220
CURRENT NUMBER OF LOANS: 2,608 1,583 4,191
NUMBER OF LOANS PURCHASED FROM Mortgage Replacement 0 0 0
CURRENT PRINCIPAL BAL. OF LOANS PURCHASED FROM MORT REPLACEMENT 0 0 0.00
NUMBER OF LOANS PAID IN FULL: 21 8 29
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 10.50385% 9.84285%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 10.49763% 9.86376%
WEIGHTED AVERAGE TERM TO MATURITY: 294 354
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
TRIGGER EVENTS Fixed Group Adj Group
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
HAS TRIGGER EVENT OCCURRED ? NO NO
ROLLING DELINQUENCY PERCENTAGES > 40% NO
TARGET LOSS OC EVENT OCCURRED? NO
TARGET DELINQUENCY EVENT OCCURRED? NO
STEP DOWN ROLLING LOSS TEST NOT SATISFIED? NO
STEP DOWN ROLLING DELINQUENCY TEST NOT SATISFIED? NO
STEP DOWN CUMULATIVE LOSS TEST NOT SATISFIED? NO
SENIOR ENHANCEMENT % 27.01%
STEPPED UP SENIOR ENHANCEMENT % 93.01%
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
OVERCOLLATERALIZATION Fixed Group Adj Group
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
EXTRA PRINCIPAL DISTRIBUTION AMOUNT 374,644.99 393,885.02
OVERCOLLATERALIZATION AMOUNT 1,125,969.69 1,577,097.79
TARGET OVERCOLLATERALIZATION AMOUNT 4,875,000.00 5,250,000.00
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Page 7 of 8 COPYRIGHT 1998 Bankers Trust Company
Aames Capital Corporation
Mortgage Pass-Through Certificates
Series 1998-A
REMIC I
Statement To Certificateholders
- ----------------------------------------------------------------------------------------------------------------------------------
Distribution Date: June 15, 1998
- -----------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------
INTEREST CARRY FORWARD AMOUNT Prior Current
- -----------------------------------------------------------------------------------------
- -----------------------------------------------------
CLASS A1F 0.00 0.00
CLASS A2F 0.00 0.00
CLASS A3F 0.00 0.00
CLASS A4F 0.00 0.00
CLASS A5F 0.00 0.00
CLASS A6F 0.00 0.00
CLASS AIO 0.00 0.00
CLASS A1A 0.00 0.00
CLASS M1A 0.00 0.00
CLASS M2A 0.00 0.00
CLASS B1A 0.00 0.00
- -----------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------
CERTIFICATE INSURER INFORMATION
- -----------------------------------------------------------------------------------------
FINANCIAL GUARANTY PREMIUM PAID: 14,796.79
INSURED AMOUNTS: 0.00
UNPAID INSURED AMOUNTS AND INTEREST ON THE AMOUNTS: 0.00
- -------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Page 8 of 8 COPYRIGHT 1998 Bankers Trust Company
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