<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
JUNE 15, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
CONTENTS
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
TABLE OF CONTENTS
------------------------------------------------------------------------
Page
----
<S> <C>
1. Contents 1
2. Certificate Payment Report 2
3. Collection Account Report 6
4. Credit Enhancement Report 9
5. Collateral Report 10
6. Delinquency Report 13
7. REO Report 16
8. Prepayment Report 17
9. Prepayment Detail Report 20
10. Realized Loss Report 22
11. Realized Loss Detail Report 25
12. Triggers, Adj. Rate Cert. and Miscellaneous Report 26
---------
Total Number of Pages 26
------------------------------------------------------------------------
</TABLE>
CONTACTS
------------------------------------------------------------------------
Administrator: David C West
Direct Phone Number: (714)247-6287
Address: Deutsche Bank
1761 E. St. Andrew Place, Santa Ana, CA 92705
Web Site: http://www-apps.gis.deutsche-bank.com/invr
Factor Information: (800) 735-7777
Main Phone Number: (714) 247-6000
------------------------------------------------------------------------
ISSUANCE INFORMATION
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Seller: Aames Capital Corporation Cut-Off Date: July 1, 1999
Certificate Insurer: Financial Security Assurance Inc. Closing Date: August 5, 1999
Servicer(s): Aames Capital Corporation Master Servicer First Payment Date: August 16, 1999
Fairbanks Capital Corp. Back-Up Servicer
Underwriter(s): Lehman Brothers Securities Corporation Lead Underwriter Distribution Date: June 15, 2000
Banc Of America Securities LLC Co-Lead Underwriter Record Date: June 14, 2000
Greenwich Capital Markets, Inc. Co-Lead Underwriter May 31, 2000
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 1 of 26
<PAGE>
AAMES 1999-1
MORTGATE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-1
CERTIFICATE PAYMENT REPORT FOR JUNE 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
------------------------------------------------------------------------------------------------------------------------------------
Prior Current
Class Original Principal Total Realized Deferred Principal
Class Type Face Value Balance Interest Principal Distribution Losses Interest Balance
------------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)=(2)+(3) (5) (6) (7)=(1)-(3)-(5)+(6)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LT-AF 19,123.50 17,022.88 102.85 258.91 361.76 - - 16,763.97
LT-MF 196,688,617.88 178,598,175.56 1,342,039.29 2,280,912.32 3,622,951.61 71,173.39 30.80 176,246,120.65
LT-AV 20,203.50 16,872.00 100.48 425.51 525.99 - - 16,446.49
LT-MV 203,337,098.17 175,831,884.51 1,401,281.07 3,858,992.29 5,260,273.36 122,501.94 39.57 171,850,429.85
P 100.00 100.00 73,950.94 - 73,950.94 - - 100.00
------------------------------------------------------------------------------------------------------------------------------------
R-I - - 1,266.63 - 1,266.63 - - -
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Total 400,065,143.05 354,464,054.95 2,818,741.26 6,140,589.03 8,959,330.29 193,675.33 70.37 348,129,860.96
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST ACCRUAL DETAIL CURRENT PERIOD FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE
------------------------------------------------------------------------------------------------------------------------------------
Orig. Principal Prior Current
Period Period (with Notional) Principal Total Principal
Class Starting Ending Method Cusip Balance Balance Interest Principal Distribution Balance
------------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)=(2)+(3) (5)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LT-AF F-30/360 19,123.50 890.155045 5.378200 13.538840 18.917039 876.616205
LT-MF F-30/360 196,688,617.88 908.024966 6.823167 11.596565 18.419732 896.066699
LT-AV 05/15/00 06/14/00 A-Act/360 20,203.50 835.102829 4.973524 21.061202 26.034727 814.041626
LT-MV F-30/360 203,337,098.17 864.730962 6.891419 18.978299 25.869718 845.150400
P - 100.00 1,000.000000 739,509.400000 - 739,509.400000 1,000.000000
------------------------------------------------------------------------------------------------------------------------------------
R-I - - - - - - -
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-1
CERTIFICATE PAYMENT REPORT FOR JUNE 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - TO DATE
-----------------------------------------------------------------------------------------------------------------------------------
Original Unscheduled Scheduled Total Total Realized
Class Face Value Interest Principal Principal Principal Distribution Losses
-----------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(3)+(4) (6)=(2)+(5) (7)
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
LT-AF 19,123.50 1,213.33 2,106.61 252.94 2,359.55 3,572.88 (0.02)
LT-MF 196,688,617.88 15,768,380.49 17,693,700.24 2,290,634.79 19,984,335.03 35,752,715.52 458,523.11
LT-AV 20,203.50 1,011.63 3,623.20 133.82 3,757.02 4,768.65 (0.01)
LT-MV 203,337,098.17 16,572,716.05 29,944,094.79 1,171,253.86 31,115,348.65 47,688,064.70 371,964.82
P 100.00 800,367.40 - - - 800,367.40 -
R-I - 1,266.65 - - - 1,266.65 -
-----------------------------------------------------------------------------------------------------------------------------------
Total 400,065,143.05 33,144,955.55 47,643,524.85 3,462,275.40 51,105,800.25 84,250,755.80 830,487.90
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------
Current
Deferred Principal
Class Interest Balance
-----------------------------------------------
(8) (9)=(1)-(5)-(7)+(8)
-----------------------------------------------
<S> <C> <C>
LT-AF - 16,763.97
LT-MF 360.91 176,246,120.65
LT-AV - 16,446.49
LT-MV 645.16 171,850,429.85
P - 100.00
R-I - -
----------------------------------------------
Total 1,006.07 348,129,860.96
----------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST DETAIL
------------------------------------------------------------------------------------------------------------------------------------
Pass- Prior Principal Non- Prior Unscheduled Paid or Current
Through (with Notional) Accrued Supported Unpaid Interest Optimal Deferred Unpaid
Class Rate Balance Interest Interest SF Interest Adjustments Interest Interest Interest
------------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LT-AF 7.29000% 17,022.88 102.85 - - - 102.85 102.85 -
LT-MF 9.06661% 178,598,175.56 1,342,039.29 - - - 1,342,039.29 1,342,070.09 -
LT-AV 6.92250% 16,872.00 100.48 - - - 100.48 100.48 -
LT-MV 9.57205% 175,831,884.51 1,401,281.07 - - - 1,401,281.07 1,401,320.64 -
P 100.00 - - - - 73,950.94 73,950.94 -
------------------------------------------------------------------------------------------------------------------------------------
R-I - - - - - - 1,266.63 -
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Total 354,464,054.95 2,743,523.69 - - - 2,817,474.63 2,818,811.63 -
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-1
CERTIFICATE PAYMENT REPORT FOR JUNE 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
------------------------------------------------------------------------------------------------------------------------------------
Prior
Class Original Principal Total Realized
Class Type Face Value Balance Interest Principal Distribution Losses
------------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)=(2)+(3) (5)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-F STEP 191,235,000.00 170,228,891.05 1,034,140.51 2,589,172.86 3,623,313.37 -
A-V STEP 202,035,000.00 168,719,956.04 1,005,746.69 4,255,052.66 5,260,799.35 -
C 6,795,043.05 15,545,650.23 - - - -
R-II - - - - - -
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Total 400,065,043.05 354,494,497.32 2,039,887.20 6,844,225.52 8,884,112.72 -
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------
Current
Deferred Principal
Class Interest Balance
---------------------------------------------
(6) (7)=(1)-(3)-(5)+(6)
---------------------------------------------
<S> <C> <C>
A-F - 167,639,718.19
A-V - 164,464,903.38
C 509,961.45 16,055,611.68
R-II - -
---------------------------------------------
---------------------------------------------
---------------------------------------------
---------------------------------------------
Total 509,961.45 348,160,233.25
---------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST ACCRUAL DETAIL CURRENT PERIOD FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE
----------------------------------------------------------------------------------------------------------------------------------
Orig. Principal Prior
Period Period (with Notional) Principal
Class Starting Ending Method Cusip Balance Balance Interest Principal
----------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-F F-30/360 00253CFM4 191,235,000.00 890.155521 5.407695 13.539221
A-V 05/15/00 06/14/00 A-Act/360 00253CFN2 202,035,000.00 835.102611 4.978081 21.060968
C - 6,795,043.05 2,287.792751 - -
R-II - - - - -
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------
Current
Total Principal
Class Distribution Balance
---------------------------------------------
(4)=(2)+(3) (5)
---------------------------------------------
<S> <C> <C>
A-F 18.946915 876.616300
A-V 26.039049 814.041643
C - 2,362.841790
R-II - -
---------------------------------------------
---------------------------------------------
---------------------------------------------
---------------------------------------------
</TABLE>
NOTE: ADJUSTABLE RATE CERTIFICATES HAVE A RECORD DATE THAT IS ONE BUSINESS DAY
PRIOR TO DISTRIBUTION
Page 4 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-1
CERTIFICATE PAYMENT REPORT FOR JUNE 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - TO DATE
-----------------------------------------------------------------------------------------------------------------------------------
Original Unscheduled Scheduled Total Total Realized
Class Face Value Interest Principal Principal Principal Distribution Losses
-----------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(3)+(4) (6)=(2)+(5) (7)
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-F 191,235,000.00 12,161,006.59 21,066,144.17 2,529,137.64 23,595,281.81 35,756,288.40 -
A-V 202,035,000.00 10,122,736.76 36,231,951.22 1,338,145.40 37,570,096.62 47,692,833.38 -
C 6,795,043.05 - - - - - -
R-II - - - - - - -
-----------------------------------------------------------------------------------------------------------------------------------
Total 400,065,043.05 22,283,743.35 57,298,095.39 3,867,283.04 61,165,378.43 83,449,121.78 -
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------------------
Current
Deferred Principal
Class Interest Balance
----------------------------------------------
(8) (9)=(1)-(5)-(7)+(8)
----------------------------------------------
<S> <C> <C>
A-F - 167,639,718.19
A-V - 164,464,903.38
C 9,260,568.62 16,055,611.68
R-II - -
----------------------------------------------
Total 9,260,568.62 348,160,233.25
----------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST DETAIL
-----------------------------------------------------------------------------------------------------------------------------------
Pass- Prior Principal Non- Prior Unscheduled
Through (with Notional) Accrued Supported Unpaid Interest Optimal
Class Rate Balance Interest Interest SF Interest Adjustments Interest
-----------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(1)-(2)+(3)+(4)
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-F 7.29000% 170,228,891.05 1,034,140.51 - - - 1,034,140.51
A-V 6.92250% 168,719,956.04 1,005,746.69 - - - 1,005,746.69
C 15,545,650.23 - - - - -
R-II - - - - - -
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Total 354,494,497.32 2,039,887.20 - - - 2,039,887.20
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------
Paid or Current
Deferred Unpaid
Class Interest Interest
-----------------------------------------------
(6) (7)=(5)-(6)
-----------------------------------------------
<S> <C> <C>
A-F 1,034,140.51 -
A-V 1,005,746.69 -
C 509,961.45 -
R-II - -
-----------------------------------------------
-----------------------------------------------
-----------------------------------------------
-----------------------------------------------
Total 2,549,848.65 -
-----------------------------------------------
</TABLE>
Page 5 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
Collection Account Report for June 15, 2000 Distribution
--------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SUMMARY ADJUSTABLE FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Principal Collections 3,859,378.23 2,281,140.43 6,140,518.66
Principal Withdrawals 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00
TOTAL NET PRINCIPAL 3,859,378.23 2,281,140.43 6,140,518.66
Interest Collections 1,543,048.25 1,474,027.00 3,017,075.25
Interest Withdrawals (1,273.71) (7,356.34) (8,630.05)
Interest Other Accounts 0.00 0.00 0.00
Interest Fees (93,606.26) (96,027.31) (189,633.57)
TOTAL NET INTEREST 1,448,168.28 1,370,643.35 2,818,811.63
TOTAL AVAILABLE FUNDS TO BONDHOLDERS 5,307,546.51 3,651,783.78 8,959,330.29
TOTAL REMITANCE DUE FROM SERVICER 5,343,548.02 3,688,132.13 9,031,680.15
----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
PRINCIPAL - COLLECTIONS ADJUSTABLE FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Scheduled Principal 98,610.65 234,099.82 332,710.47
Curtailments 0.00 0.00 0.00
Prepayments in Full 3,448,355.31 2,006,717.05 5,455,072.36
Repurchases/Substitutions 0.00 0.00 0.00
Liquidations 434,914.21 111,496.95 546,411.16
Insurance Principal 0.00 0.00 0.00
Other Additional Principal 0.00 0.00 0.00
Delinquent Principal 0.00 0.00 0.00
Realized Losses (122,501.94) (71,173.39) (193,675.33)
Mortgage Replacement Amount 0.00 0.00 0.00
TOTAL PRINCIPAL COLLECTED 3,859,378.23 2,281,140.43 6,140,518.66
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
Collection Account Report for June 15, 2000 Distribution
--------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PRINCIPAL - WITHDRAWALS ADJUSTABLE FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S><C>
SPACE INTENTIONALLY LEFT BLANK
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
PRINCIPAL - OTHER ACCOUNTS ADJUSTABLE FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Prefunded Release Amount 0.00 0.00 0.00
TOTAL OTHER ACCOUNTS PRINCIPAL 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
INTEREST - COLLECTIONS ADJUSTABLE FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Scheduled Interest 1,508,219.37 1,459,250.20 2,967,469.57
Repurchases/Substitutions 0.00 0.00 0.00
Liquidations 3,747.29 1,050.44 4,797.73
Insurance Interest 0.00 0.00 0.00
Other Additional Interest 0.00 0.00 0.00
Prepayment Interest Shortfalls (127.94) (712.34) (840.28)
Delinquent Interest (351,145.73) (318,647.80) (669,793.53)
Realized Losses 0.00 0.00 0.00
Compensating Interest 127.94 712.34 840.28
Other Interest Shortfall (Relief Act) 0.00 0.00 0.00
Interest Advanced 335,480.16 303,903.75 639,383.91
Closing Date Deposits 0.00 0.00 0.00
Insurer Interest to Cover PPIS 0.00 0.00 0.00
Prepayment Penalties 46,747.16 27,203.78 73,950.94
Gain On Liquidation 0.00 1,266.63 1,266.63
TOTAL INTEREST COLLECTED 1,543,048.25 1,474,027.00 3,017,075.25
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 7 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
Collection Account Report for June 15, 2000 Distribution
--------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
INTEREST - WITHDRAWALS ADJUSTABLE FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Unpaid Servicing Fees 0.00 0.00 0.00
Advances Reimbursed 1,273.71 7,356.34 8,630.05
TOTAL INTEREST WITHDRAWLS 1,273.71 7,356.34 8,630.05
----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
INTEREST - OTHER ACCOUNTS ADJUSTABLE FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Capitialized Interest Requirement 0.00 0.00 0.00
TOTAL OTHER ACCOUNT INTEREST 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
INTEREST - FEES ADJUSTABLE FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Current Servicing Fees 57,604.75 59,678.96 117,283.71
Back Up Servicing Fees 3,663.52 3,721.15 7,384.67
Certificate Insurance Premiums 32,337.99 32,627.20 64,965.19
Trustee Fees 0.00 0.00 0.00
TOTAL INTEREST OTHER FEES 93,606.26 96,027.31 189,633.57
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 8 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
Collection Account Report for June 15, 2000 Distribution
--------------------------------------------------------------------------------
CREDIT ENHANCEMENT REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
ACCOUNTS ADJUSTABLE FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S><C>
SPACE INTENTIONALLY LEFT BLANK
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
INSURANCE ADJUSTABLE FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Insurance Premium Due 32,337.99 32,627.20 64,965.19
Insurance Premium Paid 32,337.99 32,627.20 64,965.19
Reimbursements to Certificate Insurer 0.00 0.00 0.00
Insured Payments Made By Certiifcate Insurer 0.00 0.00 0.00
Insurance Premiums Due but not Paid 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
STRUCTURAL FEATURES ADJUSTABLE FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Extra Principal Distribution Amt 395,674.43 308,032.43 703,706.86
Overcollateralization Amount 7,401,972.96 8,623,166.43 16,025,139.39
Targeted Overcollateralization Amt 11,489,687.54 10,818,925.78 22,308,613.32
Overcollateralization Release Amount 0.00 0.00 0.00
Overcollateralization Defficiency Amt 4,483,389.01 2,503,791.78 6,987,180.79
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 9 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
Collection Account Report for June 15, 2000 Distribution
--------------------------------------------------------------------------------
COLLATERAL REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
COLLATERAL ADJUSTABLE FIXED TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Loan Count:
ORIGINAL 1786 3011 4797
Prior 1,950 2,696 4,646
Prefunding - - -
Scheduled Paid Offs - - -
Full Voluntary Prepayments (36) (41) (77)
Repurchases - - -
Liquidations (6) (4) (10)
----------------------------------------------------------------------------------------------------------------------------
Current 1,908 2,651 4,559
PRINCIPAL BALANCE:
Original 163,359,100.25 196,707,741.38 360,066,841.63
Prior 175,848,756.51 178,615,198.44 354,463,954.95
Prefunding - - -
Scheduled Principal (98,610.65) (234,099.82) (332,710.47)
Partial and Full Voluntary Prepayments (3,448,355.31) (2,006,717.05) (5,455,072.36)
Repurchases - - -
----------------------------------------------------------------------------------------------------------------------------
Liquidations (434,914.21) (111,496.95) (546,411.16)
Current 171,866,876.34 176,262,884.62 348,129,760.96
---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
PREFUNDING ADJUSTABLE FIXED TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Prefunding Beginning Balance 0.00 0.00
Balance of Subsequent Loans Transfered 0.00 0.00
Prefunded Amount Dispursed To Offered Certificates 0.00 0.00
Prefunding Ending Balance 0.00 0.00
Capitalized Interest Beginning Balance 0.00 0.00
Capitalized Interest Requirement 0.00 0.00
Capitalized Interest Released to Seller 0.00 0.00
Capitalized Interest Ending Balance 0.00 0.00
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
[GRAPH] [GRAPH]
Page 10 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR JUNE 15, 2000 DISTRIBUTION
------------------------------------------------------------------------------
COLLATERAL REPORT
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CHARACTERISTICS ADJUSTABLE FIXED TOTAL
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Weighted Average Coupon Original 10.202764% 9.908650% 10.042087%
Weighted Average Coupon Prior 10.327623% 9.821075% 10.073598%
Weighted Average Coupon Current 10.317730% 9.810816% 10.062295%
--------------------------------------------------------------------------------------------------------------------
Weighted Average Months to Maturity Original 354 316 333
Weighted Average Months to Maturity Prior 346 305 325
Weighted Average Months to Maturity Current 345 304 324
--------------------------------------------------------------------------------------------------------------------
Weighted Avg Remaining Amortization Term Original 355 316 334
Weighted Avg Remaining Amortization Term Prior 347 307 327
Weighted Avg Remaining Amortization Term Current 346 306 326
--------------------------------------------------------------------------------------------------------------------
Weighted Average Seasoning Original 3.10 3.06 3.08
Weighted Average Seasoning Prior 11.26 12.00 11.63
Weighted Average Seasoning Current 12.25 13.00 12.63
-------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
[Legend]
Fixed
Adjustable
WAC BY GROUPS TOTAL WAC
[GRAPH] [GRAPH]
WARAT BY GROUPS TOTAL WARAT
[GRAPH] [GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 11 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR JUNE 15, 2000 DISTRIBUTION
------------------------------------------------------------------------------
COLLATERAL REPORT
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
ARM CHARACTERISTICS ADJUSTABLE FIXED TOTAL
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Weighted Average Margin Original 5.948%
Weighted Average Margin Prior 5.912%
Weighted Average Margin Current 5.913%
---------------------------------------------------------------------------------------------------------------------
Weighted Average Max Rate Original 16.953%
Weighted Average Max Rate Prior 16.802%
Weighted Average Max Rate Current 16.795%
---------------------------------------------------------------------------------------------------------------------
Weighted Average Min Rate Original 10.160%
Weighted Average Min Rate Prior 10.153%
Weighted Average Min Rate Current 10.149%
---------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Up Original 2.735%
Weighted Average Cap Up Prior 2.596%
Weighted Average Cap Up Current 2.592%
---------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Down Original 2.735%
Weighted Average Cap Down Prior 2.596%
Weighted Average Cap Down Current 2.592%
--------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
<TABLE>
<CAPTION>
SERVICING FEES / ADVANCES ADJUSTABLE FIXED TOTAL
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Current Servicing Fees 57,604.75 59,678.96 117,283.71
Delinquent Servicing Fees 15,665.57 14,744.04 30,409.61
TOTAL SERVICING FEES 73,270.32 74,423.00 147,693.32
Total Servicing Fees 73,270.32 74,423.00 147,693.32
Compensating Interest 127.94 712.34 840.28
Delinquent Servicing Fees (15,665.57) (14,744.04) (30,409.61)
COLLECTED SERVICING FEES 57,732.69 60,391.30 118,123.99
Prepayment Interest Shortfall 127.94 712.34 840.28
Total Advanced Interest 335,480.16 303,903.75 639,383.91
--------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL COLLATERAL INFORMATION ADJUSTABLE FIXED TOTAL
--------------------------------------------------------------------------------------------------------------------------
<S><C>
SPACE INTENTIONALLY LEFT BLANK
--------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 12 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR JUNE 15, 2000 DISTRIBUTION
------------------------------------------------------------------------------
DELINQUENCY REPORT - TOTAL
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 8,111,163.01 1,026,165.02 650,366.89 9,787,694.92
% Balance 2.33% 0.29% 0.19% 2.81%
# Loans 123 17 12 152
% # Loans 2.70% 0.37% 0.26% 3.33%
--------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 730,376.46 1,202,223.89 2,856,249.18 19,373,845.72 24,162,695.25
% Balance 0.21% 0.35% 0.82% 5.57% 6.94%
# Loans 11 18 36 285 350
% # Loans 0.24% 0.39% 0.79% 6.25% 7.68%
--------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 452,772.06 138,150.77 65,678.55 385,734.37 1,042,335.75
% Balance 0.13% 0.04% 0.02% 0.11% 0.30%
# Loans 9 2 1 8 20
% # Loans 0.20% 0.04% 0.02% 0.18% 0.44%
--------------------------------------------------------------------------------------------------------------------------------
REO Balance - - 87,595.50 3,260,200.52 3,347,796.02
% Balance 0.00% 0.00% 0.03% 0.94% 0.96%
# Loans - - 1 41 42
% # Loans 0.00% 0.00% 0.02% 0.90% 0.92%
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 1,183,148.52 9,451,537.67 4,035,688.25 23,670,147.50 38,340,521.94
% Balance 0.34% 2.71% 1.16% 6.80% 11.01%
# Loans 20 143 55 346 564
% # Loans 0.44% 3.14% 1.21% 7.59% 12.37%
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+
PAYMENTS = 90+
6 Months Moving Average
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 13 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR JUNE 15, 2000 DISTRIBUTION
------------------------------------------------------------------------------
DELINQUENCY REPORT - FIXED GROUP
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 3,498,467.09 587,403.98 99,549.53 4,185,420.60
% Balance 1.98% 0.33% 0.06% 2.37%
# Loans 66 10 5 81
% # Loans 2.49% 0.38% 0.19% 3.06%
---------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 260,423.28 479,338.47 672,514.40 7,749,188.23 9,161,464.38
% Balance 0.15% 0.27% 0.38% 4.40% 5.20%
# Loans 5 11 12 132 160
% # Loans 0.19% 0.41% 0.45% 4.98% 6.04%
---------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 179,386.42 40,648.35 - 200,534.31 420,569.08
% Balance 0.10% 0.02% 0.00% 0.11% 0.24%
# Loans 5 1 - 4 10
% # Loans 0.19% 0.04% 0.00% 0.15% 0.38%
---------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 1,197,474.35 1,197,474.35
% Balance 0.00% 0.00% 0.00% 0.68% 0.68%
# Loans - - - 20 20
% # Loans 0.00% 0.00% 0.00% 0.75% 0.75%
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 439,809.70 4,018,453.91 1,259,918.38 9,246,746.42 14,964,928.41
% Balance 0.25% 2.28% 0.71% 5.25% 8.49%
# Loans 10 78 22 161 271
% # Loans 0.38% 2.94% 0.83% 6.07% 10.22%
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+
PAYMENTS = 90+
6 MONTHS MOVING AVERAGE
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 14 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR JUNE 15, 2000 DISTRIBUTION
------------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE GROUP
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 4,612,695.92 438,761.04 550,817.36 5,602,274.32
% Balance 2.68% 0.26% 0.32% 3.26%
# Loans 57 7 7 71
% # Loans 2.99% 0.37% 0.37% 3.72%
---------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 469,953.18 722,885.42 2,183,734.78 11,624,657.49 15,001,230.87
% Balance 0.27% 0.42% 1.27% 6.76% 8.73%
# Loans 6 7 24 153 190
% # Loans 0.31% 0.37% 1.26% 8.02% 9.96%
--------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 273,385.64 97,502.42 65,678.55 185,200.06 621,766.67
% Balance 0.16% 0.06% 0.04% 0.11% 0.36%
# Loans 4 1 1 4 10
% # Loans 0.21% 0.05% 0.05% 0.21% 0.52%
---------------------------------------------------------------------------------------------------------------------------------
REO Balance - - 87,595.50 2,062,726.17 2,150,321.67
% Balance 0.00% 0.00% 0.05% 1.20% 1.25%
# Loans - - 1 21 22
% # Loans 0.00% 0.00% 0.05% 1.10% 1.15%
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 743,338.82 5,433,083.76 2,775,769.87 14,423,401.08 23,375,593.53
% Balance 0.43% 3.16% 1.62% 8.39% 13.60%
# Loans 10 65 33 185 293
% # Loans 0.52% 3.41% 1.73% 9.70% 15.36%
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+
PAYMENTS = 90+
6 MONTHS MOVING AVERAGE
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 15 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REO Report for June 15, 2000 Distribution
-----------------------------------------------------------------------
REO REPORT - MORTGAGE LOANS THAT BECOME REO DURING CURRENT DISTRIBUTION
-----------------------------------------------------------------------
<TABLE>
<CAPTION>
SUMMARY LOAN GROUP
--------------------------------------------------------------------------------------------------------------------------------
<S> <C>
Total Loan Count = 14 Loan Group 1 = Fixed Group; REO Book Value = 1,256,329.36
Total Original Principal Balance = 1,130,240.00 Loan Group 2 = Adjustable Group; REO Book Value = 1,871,913.82
Total Current Balance = 1,095,015.23
REO Book Value = 3,128,243.18
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
REO Book Value reported corresponds to total REO loans, including loans that
become REO during current distribution.
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Stated Current State &
& Principal Principal Paid to Note LTV at Original Origination
Loan Group Balance Balance Date Rate Origination Term Date
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
7299389 1 34,500.00 - Jun-01-00 11.000% MO - 60.52% 360 May-26-99
9396942 1 39,000.00 38,955.81 Jun-01-99 14.670% FL - 65.00% 360 Oct-05-98
9444149 1 32,250.00 32,184.36 Oct-01-99 12.690% NC - 75.00% 360 Jan-08-99
9460403 1 31,320.00 31,302.73 May-01-99 12.190% PA - 72.00% 360 Feb-26-99
9477306 1 96,000.00 95,957.53 May-01-99 10.000% WI - 80.00% 360 Mar-31-99
9505113 1 34,560.00 34,487.41 Dec-01-99 11.190% TN - 72.00% 360 May-24-99
9420622 2 26,640.00 26,600.27 May-01-99 11.900% FL - 72.00% 360 Nov-18-98
9425624 2 24,000.00 23,945.72 Sep-01-99 12.770% FL - 60.00% 360 Nov-30-98
9458050 2 117,360.00 117,293.25 May-01-99 12.050% SC - 72.00% 360 Feb-18-99
9468242 2 47,250.00 47,229.01 Jun-01-99 13.150% FL - 70.00% 360 Mar-10-99
9492917 2 130,410.00 130,325.51 Jul-01-99 11.460% FL - 86.94% 360 Apr-28-99
9502858 2 87,750.00 87,595.50 Feb-01-00 13.340% AZ - 58.50% 360 May-13-99
9519521 2 79,200.00 79,138.13 Sep-01-99 10.620% TX - 86.08% 360 Jun-25-99
9554386 2 350,000.00 350,000.00 Aug-01-99 10.620% CO - 83.53% 360 Jul-06-99
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 16 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
Prepayment Report for June 15, 2000 Distribution
-------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENTS ADJUSTABLE FIXED TOTAL
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
CURRENT
Number of Paid in Full Loans 36 41 77
Number of Repurchased Loans - - -
----------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 36 41 77
Paid in Full Balance 3,448,355.31 2,006,717.05 5,455,072.36
Repurchased Loans Balance - - -
Curtailments Amount - - -
----------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 3,448,355.31 2,006,717.05 5,455,072.36
CUMULATIVE
Number of Paid in Full Loans 306 335 641
Number of Repurchased Loans - - -
----------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 306 335 641
Paid in Full Balance 29,278,365.96 17,489,612.98 46,767,978.94
Repurchased Loans Balance - - -
Curtailments Amount (83,220.79) (158,587.56) (241,808.35)
----------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 29,195,145.17 17,331,025.42 46,526,170.59
SPACE INTENTIONALLY LEFT BLANK
----------------------------------------------------------------------------------------------------------------------
</TABLE>
[GRAPH] [GRAPH]
Page 17 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
Prepayment Report for June 15, 2000 Distribution
------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES ADJUSTABLE FIXED TOTAL
----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SMM 1.96% 1.12% 1.54%
3 Months Avg SMM 2.06% 1.13% 1.59%
12 Months Avg SMM
Avg SMM Since Cut-off 1.41% 0.85% 1.13%
CPR 21.16% 12.69% 17.00%
3 Months Avg CPR 22.10% 12.77% 17.55%
12 Months Avg CPR
Avg CPR Since Cut-off 15.67% 9.73% 12.76%
PSA 864.10% 488.44% 673.12%
3 Months Avg PSA Approximation 981.01% 532.35% 754.11%
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 1058.28% 606.21% 827.17%
----------------------------------------------------------------------------------------------------------
</TABLE>
[GRAPH] [GRAPH]
[GRAPH] [GRAPH]
Page 18 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
Prepayment Report for June 15, 2000 Distribution
------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
------------------------------------------------------------------------------
[GRAPH] [GRAPH]
[GRAPH] [GRAPH]
PREPAYMENT CALCULATION METHODOLOGY
-------------------------------------------------------------------------------
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments +
Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m):
[(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m):
1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month:
AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number
of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue date and include
partial and full voluntary prepayments and repurchases. Dates correspond
to distribution dates.
-------------------------------------------------------------------------------
Page 19 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
Prepayment Detail Report for June 15, 2000 Distribution
-------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SUMMARY LOAN GROUP
--------------------------------------------------- ----------------------------------------
<S> <C>
Total Loan Count = 77 Loan Group 1 = Fixed Group
Total Original Principal Balance = 5,504,910.00 Loan Group 2 = Adjustable Group
Total Prepayment Amount = 5,455,072.36
--------------------------------------------------- ----------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Current State & Type Prepayment
& Loan Principal Prepayment Prepayment Note LTV at & Origination
Loan Group Status Balance Amount Date Rate Origination Original Term Date
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
4193369 1 79,900.00 77,770.57 May-26-00 12.500% IL - 64.95% Paid Off - 180 Mar-05-99
4589378 1 56,000.00 54,888.88 May-05-00 11.000% OH - 74.66% Paid Off - 240 Nov-03-98
4680642 1 56,000.00 55,712.90 May-15-00 11.500% MI - 70.88% Paid Off - 360 Jan-20-99
6605133 1 19,500.00 18,925.51 May-26-00 14.500% OK - 40.62% Paid Off - 180 Sep-30-98
7206453 1 85,000.00 82,376.23 May-22-00 11.650% CA - 20.98% Paid Off - 180 Jan-27-99
7207018 1 80,000.00 79,503.37 May-02-00 10.250% NJ - 76.19% Paid Off - 360 Jan-12-99
7226233 1 44,800.00 44,391.42 May-23-00 12.250% NV - 70.00% Paid Off - 360 Feb-24-99
7229046 1 40,800.00 39,650.99 May-26-00 9.800% NY - 85.00% Paid Off - 180 Mar-29-99
7231164 1 79,200.00 78,862.05 May-02-00 11.250% TX - 80.00% Paid Off - 360 Mar-26-99
7233590 1 12,000.00 11,204.00 May-01-00 12.500% PA - 64.86% Paid Off - 120 Mar-03-99
7241690 1 47,000.00 46,675.65 May-22-00 8.950% MI - 53.40% Paid Off - 360 Mar-29-99
7245149 1 30,000.00 29,380.59 May-12-00 13.250% TX - 54.54% Paid Off - 180 Mar-18-99
7247737 1 48,750.00 47,484.29 May-16-00 11.750% MD - 60.93% Paid Off - 180 Mar-29-99
7253974 1 100,000.00 99,589.35 May-03-00 11.000% NY - 71.42% Paid Off - 360 Apr-28-99
7257880 1 129,500.00 129,030.11 May-22-00 12.000% MO - 70.00% Paid Off - 360 Apr-05-99
7268750 1 42,000.00 41,793.53 May-12-00 10.150% TX - 70.00% Paid Off - 360 Apr-14-99
7272715 1 71,400.00 69,761.79 May-17-00 12.100% GA - 68.00% Paid Off - 180 May-03-99
7273886 1 75,000.00 71,554.72 May-11-00 8.450% TX - 60.00% Paid Off - 144 Apr-23-99
7280211 1 31,200.00 31,136.45 May-31-00 13.750% OH - 60.00% Paid Off - 360 Apr-30-99
7285523 1 36,375.00 36,253.59 May-26-00 11.500% MI - 75.00% Paid Off - 360 May-10-99
7287119 1 31,000.00 29,945.91 May-18-00 12.450% IL - 14.15% Paid Off - 180 May-10-99
7292120 1 56,200.00 55,898.36 May-08-00 11.500% AZ - 76.98% Paid Off - 360 Apr-30-99
7297939 1 25,900.00 25,767.97 May-04-00 9.500% MI - 70.00% Paid Off - 360 May-24-99
7613482 1 20,000.00 19,536.97 May-09-00 10.250% MO - 80.00% Paid Off - 180 Jun-14-99
9408118 1 19,000.00 18,896.88 May-31-00 11.870% VA - 76.00% Paid Off - 360 Oct-26-98
9414843 1 57,600.00 57,255.94 May-16-00 11.110% IN - 87.27% Paid Off - 360 Nov-04-98
9418563 1 34,500.00 34,030.08 May-02-00 13.790% NV - 33.17% Paid Off - 360 Nov-24-98
9423214 1 48,000.00 47,647.01 May-11-00 10.120% FL - 78.68% Paid Off - 360 Nov-23-98
9450440 1 10,000.00 9,683.53 May-31-00 12.990% IA - 12.19% Paid Off - 180 Jan-29-99
9454225 1 FCL 31,500.00 31,418.51 May-03-00 10.760% KY - 75.00% Paid Off - 360 Feb-05-99
9459545 1 36,047.00 35,840.05 May-30-00 10.250% MO - 80.10% Paid Off - 360 Feb-19-99
9471197 1 32,000.00 31,935.93 May-08-00 14.670% TX - 60.37% Paid Off - 360 Mar-18-99
9472940 1 39,034.00 38,744.23 May-16-00 8.590% OH - 65.05% Paid Off - 360 Mar-17-99
9478949 1 60,500.00 59,498.86 May-05-00 10.000% MO - 27.50% Paid Off - 240 Mar-31-99
9479376 1 79,100.00 78,521.37 May-05-00 9.680% SC - 70.00% Paid Off - 360 Mar-31-99
9490051 1 61,600.00 59,939.82 May-25-00 10.680% IN - 70.00% Paid Off - 180 Apr-20-99
9497730 1 56,250.00 56,105.42 May-12-00 12.190% TN - 75.00% Paid Off - 360 May-10-99
9500065 1 40,600.00 40,476.88 May-18-00 11.940% MI - 63.43% Paid Off - 360 May-12-99
9504621 1 49,400.00 48,678.32 May-08-00 14.670% TN - 65.00% Paid Off - 180 May-25-99
9530339 1 32,500.00 32,434.76 May-30-00 13.670% WI - 65.00% Paid Off - 360 Jun-03-99
9558845 1 48,650.00 48,514.26 May-03-00 10.610% GA - 70.00% Paid Off - 360 Jun-09-99
1461672 2 74,700.00 74,054.44 May-22-00 7.950% OH - 84.98% Paid Off - 360 Oct-01-98
1463128 2 61,600.00 59,536.92 May-08-00 8.850% UT - 80.00% Paid Off - 180 Feb-05-99
1467999 2 100,350.00 99,827.32 May-03-00 7.875% LA - 89.20% Paid Off - 360 Jun-21-99
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 20 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR JUNE 15, 2000 DISTRIBUTION
-------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Current State &
& Loan Principal Prepayment Prepayment Note LTV at Original Origination
Loan Group Status Balance Amount Date Rate Origination Term Date
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1471902 2 123,240.00 122,155.60 May-15-00 10.250% NJ - 84.99% Paid Off - 360 May-07-99
1472089 2 115,190.00 114,398.86 May-17-00 10.490% FL - 79.44% Paid Off - 360 Apr-09-99
7248083 2 118,800.00 117,687.75 May-26-00 9.950% CO - 90.00% Paid Off - 360 Mar-17-99
7259743 2 48,000.00 46,057.52 May-05-00 10.000% OH - 80.00% Paid Off - 180 Mar-31-99
7265948 2 89,000.00 88,299.23 May-19-00 10.250% CA - 53.93% Paid Off - 360 Mar-31-99
9396209 2 66,400.00 65,566.00 May-05-00 7.800% MN - 80.00% Paid Off - 360 Oct-19-98
9400788 2 220,500.00 218,830.03 May-31-00 11.500% OH - 90.00% Paid Off - 360 Oct-20-98
9403825 2 80,250.00 79,743.38 May-25-00 9.450% MN - 69.78% Paid Off - 360 Nov-12-98
9406328 2 54,375.00 54,050.43 May-01-00 9.430% MA - 75.00% Paid Off - 360 Oct-21-98
9409084 2 35,000.00 34,691.15 May-09-00 7.550% FL - 70.00% Paid Off - 360 Oct-30-98
9423869 2 47,625.00 47,325.11 May-16-00 8.860% IA - 73.26% Paid Off - 360 Nov-24-98
9427376 2 152,910.00 151,935.73 May-25-00 11.125% CT - 89.94% Paid Off - 360 Dec-02-98
9440356 2 127,400.00 126,889.30 May-19-00 10.950% FL - 70.00% Paid Off - 360 Jan-04-99
9443940 2 FCL 141,000.00 140,404.16 May-01-00 7.290% TX - 74.21% Paid Off - 360 Jan-12-99
9454055 2 36,000.00 35,795.82 May-01-00 8.320% KY - 80.00% Paid Off - 360 Feb-09-99
9461604 2 265,609.00 263,680.57 May-24-00 6.250% NJ - 74.81% Paid Off - 360 Mar-31-99
9469184 2 146,250.00 145,786.69 May-04-00 9.740% CA - 65.00% Paid Off - 360 Mar-15-99
9475516 2 32,500.00 32,435.06 May-11-00 12.270% SC - 65.00% Paid Off - 360 Mar-31-99
9476997 2 46,080.00 45,939.43 May-30-00 10.790% IN - 72.00% Paid Off - 360 Mar-29-99
9477357 2 79,500.00 78,977.76 May-01-00 7.250% MN - 75.00% Paid Off - 360 Mar-29-99
9482857 2 FCL 45,600.00 45,370.90 May-31-00 7.570% IN - 80.00% Paid Off - 360 Apr-23-99
9482903 2 104,000.00 103,278.12 May-10-00 7.500% WA - 80.00% Paid Off - 360 Apr-14-99
9496998 2 81,250.00 81,060.84 May-31-00 11.140% CO - 65.00% Paid Off - 360 May-05-99
9498532 2 292,500.00 291,343.52 May-02-00 8.710% NJ - 90.00% Paid Off - 360 May-07-99
9503099 2 136,500.00 136,165.64 May-10-00 10.410% MD - 70.00% Paid Off - 360 May-19-99
9503900 2 50,000.00 49,685.88 May-11-00 8.570% MI - 33.11% Paid Off - 360 May-21-99
9509054 2 85,875.00 85,560.15 May-17-00 9.410% MN - 75.00% Paid Off - 360 May-24-99
9509879 2 44,000.00 43,871.52 May-02-00 9.040% OH - 80.00% Paid Off - 360 Jul-07-99
9511504 2 30,000.00 29,945.86 May-11-00 12.270% GA - 63.82% Paid Off - 360 Jun-01-99
9526307 2 60,000.00 59,697.77 May-10-00 9.710% IN - 80.00% Paid Off - 360 Jul-01-99
9528245 2 117,300.00 116,939.59 May-18-00 9.620% MI - 85.00% Paid Off - 360 Jul-15-99
9544879 2 FCL 57,000.00 56,976.48 May-08-00 14.520% NV - 50.00% Paid Off - 360 Jul-01-99
9561358 2 104,800.00 104,390.78 May-10-00 7.670% MA - 78.20% Paid Off - 360 Jul-20-99
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 21 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR JUNE 15, 2000 DISTRIBUTION
-------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
COLLATERAL REALIZED LOSSES ADJUSTABLE FIXED TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
CURRENT
Number of Loans Liquidated 6 4 10
Collateral Realized Loss/(Gain) Amount 122,501.94 71,173.39 193,675.33
Net Liquidation Proceeds 312,412.27 40,323.56 352,735.83
CUMULATIVE
Number of Loans Liquidated 15 25 40
Collateral Realized Loss/(Gain) Amount 371,964.79 458,523.09 830,487.88
Net Liquidation Proceeds 676,837.10 224,137.72 900,974.82
Note: Collateral realized losses may include adjustments to loans
liquidated in prior periods.
Loss Percentage 0.1829% 0.2325%
Annualized Loss Percentage 0.1227% 0.1969%
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
COLLATERAL LOSS SEVERITY COLLATERAL LOSS SEVERITY APPROXIMATION
APPROXIMATION BY GROUPS
[GRAPH] [GRAPH]
Page 22 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR JUNE 15, 2000 DISTRIBUTION
-------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
DEFAULT SPEEDS ADJUSTABLE FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
MDR 0.25% 0.06% 0.15%
3 Months Avg MDR 0.15% 0.08% 0.12%
12 Months Avg MDR
Avg MDR Since Cut-off 0.05% 0.03% 0.04%
CDR 2.93% 0.75% 1.83%
3 Months Avg CDR 1.83% 0.93% 1.38%
12 Months Avg CDR
Avg CDR Since Cut-off 0.63% 0.40% 0.52%
SDA 11.95% 2.87% 7.26%
3 Months Avg SDA Approximation 8.12% 3.87% 5.92%
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation 4.26% 2.52% 3.35%
Loss Severity Approximation for Current Period 28.17% 63.83% 35.44%
3 Months Avg Loss Severity Approximation 42.67% 67.46% 50.78%
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off 38.97% 75.66% 59.05%
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
CDR BY GROUPS TOTAL CDR
[GRAPH] [GRAPH]
SDA BY GROUPS TOTAL SDA
[GRAPH] [GRAPH]
Page 23 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR JUNE 15, 2000 DISTRIBUTION
-------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
-------------------------------------------------------------------------------
CDR AVG SINCE CUT-OFF BY GROUPS TOTAL CDR AVG SINCE CUT-OFF
[GRAPH] [GRAPH]
SDA AVG SINCE CUT-OFF BY GROUPS TOTAL SDA AVG SINCE CUT-OFF
[GRAPH] [GRAPH]
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
-------------------------------------------------------------------------------
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/
(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS less than 61,MIN(30,WAS)*0.02,
MAX(0.03,MIN (30,WAS)*0.02-0.0095*(WAS-60)))
Average MDR over period between
nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) *.......
*(1-MDRm)]^(1/months in period n,m)
Average CDR over period between
the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period
between the nth month and mth month: AvgCDRn,m/IF(Avg WASn,m less than 61,
MIN (30,Avg WASn,m)*0.02,MAX(0.03,MIN
(30,Avg WASn,m)*0.02-0.0095*
(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/
(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/
sum(Beg Principal Balance of
Liquidated Loans)
Average Loss Severity Approximation over
period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include
realized gains and additional realized losses and gains from prior
periods. Dates correspond to distribution dates.
-------------------------------------------------------------------------------
Page 24 of 26
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS DETAIL REPORT FOR JUNE 15, 2000 DISTRIBUTION
-------------------------------------------------------------------------------
REALIZED LOSS DETAIL REPORT - LOANS LIQUIDATED DURING CURRENT DISTRIBUTION
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SUMMARY LOAN GROUP
---------------------------------------------------------------------------------------------------
<S> <C>
Total Loan Count = 10 Loan Group 1 = Fixed Group
Total Original Principal Balance = 547,300.00 Loan Group 2 = Adjustable Group
Total Prior Principal Balance = 546,411.16
Total Realized Loss Amount = 193,675.33
Total Net Liquidation Proceeds = 352,735.83
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Current State &
& Loan Principal Prepayment Prepayment Note LTV at Original Origination
Loan Group Status Balance Amount Date Rate Origination Term Date
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
7299389 1 REO 34,500.00 34,456.51 (1,266.63) 11.000% MO - 60.52% 360 May-26-99
7618425 1 FLC 13,500.00 13,500.00 301.36 9.850% FL - 37.50% 180 Jun-23-99
9479597 1 39,100.00 39,046.56 42,988.67 11.260% FL - 85.00% 360 Mar-30-99
9491570 1 24,500.00 24,493.88 27,908.11 12.610% NY - 70.00% 360 Apr-28-99
9442510 2 FLC 39,200.00 39,128.43 2,817.07 9.410% KY - 70.00% 360 Dec-31-98
9454063 2 REO 117,900.00 117,756.20 14,392.14 8.500% FL - 90.00% 360 Feb-05-99
9477160 2 FLC 118,400.00 117,965.82 62,681.17 9.470% OH - 80.00% 360 Mar-26-99
9488502 2 21,450.00 21,401.57 22,675.28 9.990% PA - 65.00% 360 Apr-16-99
9535292 2 FLC 72,000.00 71,989.03 1,967.76 14.270% MI - 60.00% 360 Jun-30-99
9544240 2 FLC 66,750.00 66,673.16 17,868.52 11.540% KY - 75.00% 360 Jun-21-99
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 25 of 26
<PAGE>
AAMES 1999-1
[LOGO] MORTGAGE PASS-THROUGH CERTIFICATES
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT FOR JUNE 15, 2000
DISTRIBUTION
--------------------------------------------------------------------------------
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
TRIGGER EVENTS ADJUSTABLE FIXED TOTAL
-----------------------------------------------------------------------------------------
<S> <C> <C> <C>
Step Down Cumulative Loss Test No No No
Step Down Rolling Delinquency Test Yes Yes Yes
Step Down Rolling Loss Test Yes Yes Yes
Step Down Tigger No No No
Step Up Cumulative Loss Test No No No
Step Up Rolling Delinquency Test No No No
Step Up Rolling Loss Test No No No
Step Up Tigger No No No
Step Up Spread Squeeze Test No No No
Spread Squeeze Condition No No No
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------
ADJUSTABLE RATE CERTIFICATE INFORMATION ADJUSTABLE FIXED TOTAL
-----------------------------------------------------------------------------------------
SPACE INTENTIONALLY LEFT BLANK
<S> <C> <C> <C>
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL INFORMATION ADJUSTABLE FIXED TOTAL
-----------------------------------------------------------------------------------------
<S> <C> <C> <C>
Supplamental Interest Amounts 0.00 0.00 0.00
Supplamental Interest Amounts Unpaid 0.00 0.00 0.00
-----------------------------------------------------------------------------------------
</TABLE>
Page 26 of 26
