<PAGE>
DEUTSCHE BANK [LOGO]
Statement of Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
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 17
8. Prepayment Report 18
9. Prepayment Detail Report 21
10. Realized Loss Report 23
11. Realized Loss Detail Report 26
12. Triggers, Adj. Rate Cert. and Miscellaneous Report 27
---------
Total Number of Pages 27
--------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
CONTACTS
--------------------------------------------------------------------------------------------------
<S> <C>
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
--------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
ISSUANCE INFORMATION
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Seller: Aames Capital Corporation Cut-Off Date: November 1, 1999
Certificate Insurer: Financial Security Assurance Inc. Closing Date: November 18, 1999
Servicer(s): Aames Capital Corporation Master Servicer First Payment Date: December 15, 1999
Fairbanks Capital Corp. Back-Up Servicer
Underwriter(s): Banc Of America Securities LLC Lead Underwriter Distribution Date: June 15, 2000
Greenwich Capital Markets, Inc. Co-Lead Underwriter Record Date: June 14, 2000
Lehman Brothers Securities Corporation Co-Lead Underwriter May 31, 2000
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 1 of 27
<PAGE>
<TABLE>
<CAPTION>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR JUNE 15, 2000 DISTRIBUTION
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>
A-F 229,500,000.00 216,703,138.88 1,370,466.77 2,627,912.28 3,998,379.05 - - 214,075,226.60
A-V1 155,000,000.00 145,289,048.76 864,822.97 1,619,617.76 2,484,440.73 - - 143,669,431.00
A-V2 15,500,000.00 14,476,928.02 86,920.88 577,740.74 664,661.62 - - 13,899,187.28
C 3,494,923.86 7,555,245.89 - - - - 489,414.99 8,044,660.88
R-II - - - - - - - -
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.86 384,024,361.55 2,322,210.62 4,825,270.78 7,147,481.40 - 489,414.99 379,688,505.76
---------------------------------------------------------------------------------------------------------------------------------
</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>
A-F F-30/360 00253CFR3 229,500,000.00 944.240257 5.971533 11.450598 17.422131 932.789658
A-V1 05/15/00 06/14/00 A-Act/360 00253CFS1 155,000,000.00 937.348702 5.579503 10.449147 16.028650 926.899555
A-V2 05/15/00 06/14/00 A-Act/360 00253CFT9 15,500,000.00 933.995356 5.607799 37.273596 42.881395 896.721760
C - 3,494,923.86 2,161.776964 - - - 2,301.812916
R-II - - - - - - -
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2 of 27
<PAGE>
<TABLE>
<CAPTION>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR JUNE 15, 2000 DISTRIBUTION
DISTRIBUTION IN DOLLARS - TO DATE
-----------------------------------------------------------------------------------------------
Original Unscheduled Scheduled Total Total
Class Face Value Interest Principal Principal Principal Distribution
-----------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(3)+(4) (6)=(2)+(5)
----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-F 229,500,000.00 9,924,350.74 13,902,311.37 1,522,462.03 15,424,773.40 25,349,124.14
A-V1 155,000,000.00 5,668,701.45 10,841,459.05 489,109.95 11,330,569.00 16,999,270.45
A-V2 15,500,000.00 572,299.23 1,552,741.69 48,071.05 1,600,812.74 2,173,111.97
C 3,494,923.86 - - - - -
R-II - - - - - -
-----------------------------------------------------------------------------------------------
Total 403,494,923.86 16,165,351.42 26,296,512.10 2,059,643.03 28,356,155.13 44,521,506.55
-----------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTION IN DOLLARS - TO DATE
----------------------------------------------------
Current
Realized Deferred Principal
Class Losses Interest Balance
----------------------------------------------------
(7) (8) (9)=(1)-(5)-(7)+(8)
----------------------------------------------------
<S> <C> <C> <C>
A-F - - 214,075,226.60
A-V1 - - 143,669,431.00
A-V2 - - 13,899,187.28
C - 4,549,737.02 8,044,660.88
R-II - - -
-------------------------------------------------------
Total - 4,549,737.02 379,688,505.76
-------------------------------------------------------
</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>
A-F 7.58900% 216,703,138.88 1,370,466.77 - - - 1,370,466.77 1,370,466.77 -
A-V1 6.91250% 145,289,048.76 864,822.97 - - - 864,822.97 864,822.97 -
A-V2 6.97250% 14,476,928.02 86,920.88 - - - 86,920.88 86,920.88 -
C 7,555,245.89 - - - - - 489,414.99 -
R-II - - - - - - - -
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Total 384,024,361.55 2,322,210.62 - - - 2,322,210.62 2,811,625.61 -
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-2
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>
LT-AF 22,950.00 21,670.31 139.65 262.79 402.44 - - 21,407.52
LT-MF 232,971,973.85 221,974,804.92 1,718,003.38 2,279,973.23 3,997,976.61 111,445.96 34.77 219,583,420.50
LT-AV1 15,500.00 14,528.90 87.58 161.96 249.54 - - 14,366.94
LT-MV1 154,984,500.00 147,349,711.64 1,143,821.18 1,340,370.01 2,484,191.19 77,181.66 27.91 145,932,187.88
LT-AV2 1,550.00 1,447.69 8.22 57.77 65.99 - - 1,389.92
----------------------------------------------------------------------------------------------------------------------------
LT-MV2 15,498,450.00 14,672,786.88 107,491.12 557,104.50 664,595.62 0.01 2.06 14,115,684.43
R-I - - 0.01 - 0.01 - - -
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.85 384,034,950.34 2,969,551.14 4,177,930.26 7,147,481.40 188,627.63 64.74 379,668,457.19
---------------------------------------------------------------------------------------------------------------------------------
</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>
LT-AF F-30/360 22,950.00 944.240087 6.084967 11.450545 17.535512 932.789542
LT-MF F-30/360 232,971,973.85 952.796172 7.374292 9.786470 17.160762 942.531485
LT-AV1 05/15/00 06/14/00 A-Act/360 15,500.00 937.348387 5.650323 10.449032 16.099355 926.899355
LT-MV1 A-Act/360 154,984,500.00 950.738375 7.380229 8.648413 16.028643 941.592146
LT-AV2 05/15/00 06/14/00 A-Act/360 1,550.00 933.993548 5.303226 37.270968 42.574194 896.722581
--------------------------------------------------------------------------------------------------------------------
LT-MV2 A-Act/360 15,498,450.00 946.726084 6.935605 35.945820 42.881425 910.780396
R-I - - - - - - -
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 4 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR JUNE 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - TO DATE
---------------------------------------------------------------------------------------------------------------------------------
Current
Original Unscheduled Scheduled Total Total Realized Deferred Principal
Class Face Value Interest Principal Principal Principal Distribution Losses Interest Balance
---------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8) (9)=(1)-(5)-(7)+(8)
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LT-AF 22,950.00 1,008.57 1,390.23 152.25 1,542.48 2,551.05 - - 21,407.52
LT-MF 232,971,973.85 12,267,246.66 11,556,728.23 1,522,598.20 13,079,326.43 25,346,573.09 309,461.34 234.42 219,583,420.50
LT-AV1 15,500.00 572.77 1,084.15 48.89 1,133.04 1,705.81 0.02 - 14,366.94
LT-MV1 154,984,500.00 8,167,910.14 8,340,281.75 489,372.69 8,829,654.44 16,997,564.58 222,907.69 250.01 145,932,187.88
LT-AV2 1,550.00 57.30 155.27 4.82 160.09 217.39 (0.01) - 1,389.92
LT-MV2 15,498,450.00 792,826.61 1,335,388.24 47,403.47 1,382,791.71 2,175,618.32 (4.35) 21.79 14,115,684.43
R-I - 0.02 - - - 0.02 - - -
---------------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.85 21,229,622.07 21,235,027.87 2,059,580.32 23,294,608.19 44,524,230.26 532,364.69 506.22 379,668,457.19
---------------------------------------------------------------------------------------------------------------------------------
</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 7.58900% 21,670.31 139.65 - - - 139.65 139.65 -
LT-MF 9.11497% 221,974,804.92 1,718,038.15 - - - 1,718,038.15 1,718,038.15 -
LT-AV1 6.91250% 14,528.90 87.58 - - - 87.58 87.58 -
LT-MV1 9.19833% 147,349,711.64 1,143,849.09 - - - 1,143,849.09 1,143,849.09 -
LT-AV2 6.97250% 1,447.69 8.22 - - - 8.22 8.22 -
---------------------------------------------------------------------------------------------------------------------------------
LT-MV2 8.99903% 14,672,786.88 107,493.18 - - - 107,493.18 107,493.18 -
R-I - - - - - - 0.01 -
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Total 384,034,950.34 2,969,615.87 - - - 2,969,615.87 2,969,615.88 -
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 5 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR JUNE 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
------------------------------------------------------------------------------------------------------------------------------------
SUMMARY ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 557,160.22 1,340,504.06 2,280,201.25 4,177,865.53
Principal Withdrawals 0.00 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00 0.00
TOTAL NET PRINCIPAL 557,160.22 1,340,504.06 2,280,201.25 4,177,865.53
Interest Collections 119,480.01 1,286,550.61 1,905,714.38 3,311,745.00
Interest Withdrawals 0.00 (5,830.59) (8,414.95) (14,245.54)
Interest Other Accounts 0.00 0.00 0.00 0.00
Interest Fees (11,978.61) (136,783.35) (179,121.63) (327,883.59)
TOTAL NET INTEREST 107,501.40 1,143,936.67 1,718,177.80 2,969,615.87
TOTAL AVAILABLE FUNDS TO BONDHOLDERS 664,661.62 2,484,440.73 3,998,379.05 7,147,481.40
Capitalized Interest 0.00 0.00 0.00 0.00
TOTAL REMITANCE DUE FROM SERVICER 671,992.00 2,571,433.11 4,099,341.16 7,342,766.27
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - COLLECTIONS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Scheduled Principal 6,144.65 74,451.26 217,062.42 297,658.33
Curtailments 0.00 (109,615.38) 0.00 (109,615.38)
Prepayments in Full 551,015.57 1,375,668.18 2,057,216.76 3,983,900.51
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 77,181.66 117,368.03 194,549.69
Insurance Principal 0.00 0.00 0.00 0.00
Other Additional Principal 0.00 0.00 0.00 0.00
Delinquent Principal 0.00 0.00 0.00 0.00
Realized Losses 0.00 (77,181.66) (111,445.96) (188,627.62)
Mortgage Replacement Amount 0.00 0.00 0.00 0.00
TOTAL PRINCIPAL COLLECTED 557,160.22 1,340,504.06 2,280,201.25 4,177,865.53
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR JUNE 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - WITHDRAWALS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
SPACE INTENTIONALLY LEFT BLANK
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - OTHER ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Prefunded Release Amount 0.00 0.00 0.00 0.00
TOTAL OTHER ACCOUNTS PRINCIPAL 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
INTEREST - COLLECTIONS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Scheduled Interest 120,946.05 1,277,201.41 1,878,464.74 3,276,612.20
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 780.58 1,239.50 2,020.08
Insurance Interest 0.00 0.00 0.00 0.00
Other Additional Interest 0.00 0.00 0.00 0.00
Prepayment Interest Shortfalls 0.00 0.00 0.00 0.00
Delinquent Interest (30,649.33) (260,061.29) (312,597.72) (603,308.34)
Realized Losses 0.00 0.00 0.00 0.00
Compensating Interest 0.00 0.00 0.00 0.00
Other Interest Shortfall (Relief Act) 0.00 0.00 0.00 0.00
Interest Advanced 29,183.29 248,450.49 298,258.71 575,892.49
Closing Date Deposits 0.00 0.00 0.00 0.00
Insurer Interest to Cover PPIS 0.00 0.00 0.00 0.00
Prepayment Penalties 0.00 20,179.42 40,349.15 60,528.57
TOTAL INTEREST COLLECTED 119,480.01 1,286,550.61 1,905,714.38 3,311,745.00
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 7 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR JUNE 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
------------------------------------------------------------------------------------------------------------------------------------
INTEREST - WITHDRAWALS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Unpaid Servicing Fees 0.00 0.00 0.00 0.00
Advances Reimbursed 0.00 5,830.59 8,414.95 14,245.54
TOTAL INTEREST WITHDRAWLS 0.00 5,830.59 8,414.95 14,245.54
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST - OTHER ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Capitialized Interest Requirement 0.00 0.00 0.00 0.00
TOTAL OTHER ACCOUNT INTEREST 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
INTEREST - FEES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current Servicing Fees 4,648.23 49,790.97 78,159.52 132,598.72
Back Up Servicing Fees 305.71 3,070.09 4,624.93 8,000.73
Certificate Insurance Premiums 2,774.74 27,847.07 41,534.77 72,156.58
Trustee Fees 0.00 0.00 0.00 0.00
PMI 4,249.93 56,075.22 54,802.41 115,127.56
TOTAL INTEREST OTHER FEES 11,978.61 136,783.35 179,121.63 327,883.59
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 8 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
CREDIT ENHANCEMENT REPORT FOR JUNE 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
CREDIT ENHANCEMENT REPORT
------------------------------------------------------------------------------------------------------------------------------------
ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
SPACE INTENTIONALLY LEFT BLANK
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
INSURANCE ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Insurance Premium Due 2,774.74 27,847.07 41,534.77 72,156.58
Insurance Premium Paid 2,774.74 27,847.07 41,534.77 72,156.58
Reimbursements to Certificate Insurer 0.00 0.00 0.00 0.00
Insured Payments Made By Certiifcate Insurer 0.00 0.00 0.00 0.00
Insurance Premiums Due but not Paid 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
STRUCTURAL FEATURES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Extra Principal Distribution Amt 20,580.52 279,113.70 347,711.03 647,405.25
Overcollateralization Amount 217,887.07 2,277,123.82 5,529,601.42 8,024,612.31
Targeted Overcollateralization Amt 697,500.00 6,975,000.00 10,484,771.57 18,157,271.57
Overcollateralization Release Amount 0.00 0.00 0.00 0.00
Overcollateralization Defficiency Amt 500,193.45 4,976,989.88 5,302,881.18 10,780,064.51
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 9 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR JUNE 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
------------------------------------------------------------------------------------------------------------------------------------
COLLATERAL ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Loan Count:
ORIGINAL 40 1672 2983 4695
Prior 52 1,785 3,248 5,085
Prefunding - - - -
Scheduled Paid Offs - - - -
Full Voluntary Prepayments (2) (22) (34) (58)
Repurchases - - - -
Liquidations - (2) (5) (7)
------------------------------------------------------------------------------------------------------------------------------------
Current 50 1,762 3,209 5,021
PRINCIPAL BALANCE:
Original 12,355,122.19 140,132,704.74 204,775,276.64 357,263,103.57
Prior 14,674,234.57 147,364,240.54 221,996,475.23 384,034,950.34
Prefunding - - - -
Scheduled Principal (6,144.65) (74,451.26) (217,062.42) (297,658.33)
Partial and Full Voluntary Prepayments (551,015.57) (1,266,052.80) (2,057,216.76) (3,874,285.13)
Repurchases - - - -
------------------------------------------------------------------------------------------------------------------------------------
Liquidations - (77,181.66) (117,368.03) (194,549.69)
Current 14,117,074.35 145,946,554.82 219,604,828.02 379,668,457.19
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
PREFUNDING ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Prefunding Beginning Balance 0.00 0.00 0.00 0.00
Balance of Subsequent Loans Transfered 0.00 0.00 0.00 0.00
Prefunded Amount Dispursed To Offered Certificates 0.00 0.00 0.00 0.00
Prefunding Ending Balance 0.00 0.00 0.00 0.00
Capitalized Interest Beginning Balance 0.00 0.00 0.00 0.00
Capitalized Interest Requirement 0.00 0.00 0.00 0.00
Capitalized Interest Released to Seller 0.00 0.00 0.00 0.00
Capitalized Interest Ending Balance 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
[GRAPH] [GRAPH]
Page 10 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR JUNE 15, 2000 DISTRIBUTION
-------------------------------------------------------------------------
COLLATERAL REPORT
-------------------------------------------------------------------------
<TABLE>
<CAPTION>
CHARACTERISTICS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Weighted Average Coupon Original 9.821401% 10.362308% 10.137077% 10.214505%
Weighted Average Coupon Prior 9.965466% 10.419416% 10.170274% 10.258587%
Weighted Average Coupon Current 9.890483% 10.406720% 10.160725% 10.244793%
----------------------------------------------------------------------------------------------------------------------------
Weighted Average Months to Maturity Original 358 357 324 338
Weighted Average Months to Maturity Prior 353 352 319 333
Weighted Average Months to Maturity Current 352 351 318 332
----------------------------------------------------------------------------------------------------------------------------
Weighted Avg Remaining Amortization Term Original 358 357 325 339
Weighted Avg Remaining Amortization Term Prior 354 352 320 334
Weighted Avg Remaining Amortization Term Current 353 351 319 332
----------------------------------------------------------------------------------------------------------------------------
Weighted Average Seasoning Original 1.75 1.69 1.86 1.79
Weighted Average Seasoning Prior 6.26 6.49 6.58 6.54
Weighted Average Seasoning Current 7.19 7.49 7.59 7.54
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
[GRAPH]
[GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 11 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR JUNE 15, 2000 DISTRIBUTION
---------------------------------------------------------------------------
COLLATERAL REPORT
---------------------------------------------------------------------------
<TABLE>
<CAPTION>
ARM CHARACTERISTICS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Weighted Average Margin Original 5.919% 5.907%
Weighted Average Margin Prior 5.855% 5.915%
Weighted Average Margin Current 5.855% 5.914%
------------------------------------------------------------------------------------------------------------------------
Weighted Average Max Rate Original 15.848% 16.424% 10.137%
Weighted Average Max Rate Prior 15.944% 16.455% 10.170%
Weighted Average Max Rate Current 15.944% 16.451% 10.161%
------------------------------------------------------------------------------------------------------------------------
Weighted Average Min Rate Original 9.821% 10.357% 10.137%
Weighted Average Min Rate Prior 9.909% 10.395% 10.108%
Weighted Average Min Rate Current 9.909% 10.391% 10.098%
------------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Up Original 2.026% 2.026%
Weighted Average Cap Up Prior 2.035% 2.024%
Weighted Average Cap Up Current 2.035% 2.024%
------------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Down Original 2.026% 2.026%
Weighted Average Cap Down Prior 2.035% 2.024%
Weighted Average Cap Down Current 2.035% 2.024%
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
<TABLE>
<CAPTION>
SERVICING FEES / ADVANCES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current Servicing Fees 4,648.23 49,790.97 78,159.52 132,598.72
Delinquent Servicing Fees 1,466.04 11,610.80 14,339.01 27,415.85
TOTAL SERVICING FEES 6,114.27 61,401.77 92,498.53 160,014.57
Total Servicing Fees 6,114.27 61,401.77 92,498.53 160,014.57
Compensating Interest 0.00 0.00 0.00 0.00
Delinquent Servicing Fees (1,466.04) (11,610.80) (14,339.01) (27,415.85)
COLLECTED SERVICING FEES 4,648.23 49,790.97 78,159.52 132,598.72
Prepayment Interest Shortfall 0.00 0.00 0.00 0.00
Total Advanced Interest 29,183.29 248,450.49 298,258.71 575,892.49
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL COLLATERAL INFORMATION ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 12 of 27
<PAGE>
AAMES 1999-2
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>
DELINQUENT Balance 8,081,310.05 1,962,014.71 428,083.67 10,471,408.43
% Balance 2.13% 0.52% 0.11% 2.76%
# Loans 112 28 12 152
% # Loans 2.23% 0.56% 0.24% 3.03%
----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 182,841.49 534,601.31 3,287,436.92 15,209,400.82 19,214,280.54
% Balance 0.05% 0.14% 0.87% 4.01% 5.06%
# Loans 3 9 38 200 250
% # Loans 0.06% 0.18% 0.76% 3.98% 4.98%
----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 788,887.60 560,100.69 55,875.28 587,998.93 1,992,862.50
% Balance 0.21% 0.15% 0.01% 0.15% 0.52%
# Loans 8 5 1 8 22
% # Loans 0.16% 0.10% 0.02% 0.16% 0.44%
----------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 525,330.16 525,330.16
% Balance 0.00% 0.00% 0.00% 0.14% 0.14%
# Loans - - - 10 10
% # Loans 0.00% 0.00% 0.00% 0.20% 0.20%
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 971,729.09 9,176,012.05 5,305,326.91 16,750,813.58 32,203,881.63
% Balance 0.26% 2.42% 1.40% 4.41% 8.48%
# Loans 11 126 67 230 434
% # Loans 0.22% 2.51% 1.33% 4.58% 8.64%
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS,
3+ PAYMENTS = 90+ 6 MONTHS MOVING AVERAGE
[GRAPH]
[GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 13 of 27
<PAGE>
AAMES 1999-2
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 4,329,283.61 848,264.22 218,268.63 5,395,816.46
% Balance 1.97% 0.39% 0.10% 2.46%
# Loans 61 15 8 84
% # Loans 1.90% 0.47% 0.25% 2.62%
----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 32,445.14 178,229.21 1,041,825.39 6,938,583.95 8,191,083.69
% Balance 0.01% 0.08% 0.47% 3.16% 3.73%
# Loans 1 4 19 106 130
% # Loans 0.03% 0.12% 0.59% 3.30% 4.05%
----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 570,726.49 31,161.29 - 203,632.97 805,520.75
% Balance 0.26% 0.01% 0.00% 0.09% 0.37%
# Loans 6 1 - 4 11
% # Loans 0.19% 0.03% 0.00% 0.12% 0.34%
----------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 88,190.75 88,190.75
% Balance 0.00% 0.00% 0.00% 0.04% 0.04%
# Loans - - - 3 3
% # Loans 0.00% 0.00% 0.00% 0.09% 0.09%
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 603,171.63 4,538,674.11 1,890,089.61 7,448,676.30 14,480,611.65
% Balance 0.27% 2.07% 0.86% 3.39% 6.59%
# Loans 7 66 34 121 228
% # Loans 0.22% 2.06% 1.06% 3.77% 7.11%
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+
PAYMENTS = 90+ 6 MONTHS MOVING AVERAGE
[GRAPH]
[GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 14 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR JUNE 15, 2000 DISTRIBUTION
-----------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE 1 GROUP
-----------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 3,752,026.44 1,113,750.49 209,815.04 5,075,591.97
% Balance 2.57% 0.76% 0.14% 3.48%
# Loans 51 13 4 68
% # Loans 2.89% 0.74% 0.23% 3.86%
-------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 150,396.35 356,372.10 1,353,093.10 7,856,291.45 9,716,153.00
% Balance 0.10% 0.24% 0.93% 5.38% 6.66%
# Loans 2 5 16 92 115
% # Loans 0.11% 0.28% 0.91% 5.22% 6.53%
-------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 218,161.11 180,764.37 55,875.28 384,365.96 839,166.72
% Balance 0.15% 0.12% 0.04% 0.26% 0.57%
# Loans 2 3 1 4 10
% # Loans 0.11% 0.17% 0.06% 0.23% 0.57%
-------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 437,139.41 437,139.41
% Balance 0.00% 0.00% 0.00% 0.30% 0.30%
# Loans - - - 7 7
% # Loans 0.00% 0.00% 0.00% 0.40% 0.40%
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 368,557.46 4,289,162.91 2,522,718.87 8,887,611.86 16,068,051.10
% Balance 0.25% 2.94% 1.73% 6.09% 11.01%
# Loans 4 59 30 107 200
% # Loans 0.23% 3.35% 1.70% 6.07% 11.35%
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+
PAYMENTS = 90+ 6 MONTHS MOVING AVERAGE
[GRAPH]
[GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 15 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR JUNE 15, 2000 DISTRIBUTION
----------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE 2 GROUP
----------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance - - - -
% Balance 0.00% 0.00% 0.00% 0.00%
# Loans - - - -
% # Loans 0.00% 0.00% 0.00% 0.00%
--------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - 892,518.43 414,525.42 1,307,043.85
% Balance 0.00% 0.00% 6.32% 2.94% 9.26%
# Loans - - 3 2 5
% # Loans 0.00% 0.00% 6.00% 4.00% 10.00%
--------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance - 348,175.03 - - 348,175.03
% Balance 0.00% 2.47% 0.00% 0.00% 2.47%
# Loans - 1 - - 1
% # Loans 0.00% 2.00% 0.00% 0.00% 2.00%
--------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance - 348,175.03 892,518.43 414,525.42 1,655,218.88
% Balance 0.00% 2.47% 6.32% 2.94% 11.72%
# Loans - 1 3 2 6
% # Loans 0.00% 2.00% 6.00% 4.00% 12.00%
--------------------------------------------------------------------------------------------------------------------------------
</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 16 of 27 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-2
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 = 6 Loan Group 1 = Fixed Group; REO Book Value = Not Available
Total Original Principal Balance = 342,900.00 Loan Group 2 = Adjustable 1 Group; REO Book Value = Not Available
Total Current Balance = 342,500.13 Loan Group 3 = Adjustable 2 Group; REO Book Value = Not Available
REO Book Value = Not Available Loan Group 3 = Adjustable 2 Group; REO Book Value = Not Available
-----------------------------------------------------------------------------------------------------------------------------
</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>
7608993 1 13,000.00 12,709.88 Oct-01-99 13.000% OK - 59.09% 84 Jun-28-99
9560068 1 55,500.00 55,500.00 Sep-01-99 12.480% FL - 75.00% 360 Sep-03-99
9508570 2 80,500.00 80,500.00 Sep-01-99 12.200% WA - 70.00% 360 Jul-28-99
9517286 2 119,200.00 119,098.31 Nov-01-99 10.190% TX - 79.73% 360 Aug-04-99
9530045 2 40,300.00 40,291.94 Oct-01-99 13.590% FL - 65.00% 360 Aug-31-99
9561838 2 34,400.00 34,400.00 Sep-01-99 11.220% NC - 80.00% 360 Aug-31-99
-----------------------------------------------------------------------------
</TABLE>
Page 17 of 27 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR JUNE 15, 2000 DISTRIBUTION
------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CURRENT
Number of Paid in Full Loans 2 22 34 58
Number of Repurchased Loans - - - -
---------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 2 22 34 58
Paid in Full Balance 551,015.57 1,375,668.18 2,057,216.76 3,983,900.51
Repurchased Loans Balance - - - -
Curtailments Amount - (109,615.38) - (109,615.38)
---------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 551,015.57 1,266,052.80 2,057,216.76 3,874,285.13
CUMULATIVE
Number of Paid in Full Loans 5 105 202 312
Number of Repurchased Loans - - - -
---------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 5 105 202 312
Paid in Full Balance 1,335,531.79 8,281,533.82 11,480,670.52 21,097,736.13
Repurchased Loans Balance - - - -
Curtailments Amount (900.31) (113,370.91) (12,674.55) (126,945.77)
---------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 1,334,631.48 8,168,162.91 11,467,995.97 20,970,790.36
SPACE INTENTIONALLY LEFT BLANK
------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOTAL PREPAYMENTS BY GROUPS TOTAL PREPAYMENTS (IN THOUSANDS
(IN THOUSANDS OF DOLLARS) OF DOLLARS)
[GRAPH] [GRAPH]
Page 18 of 27 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR JUNE 15, 2000 DISTRIBUTION
------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SMM 3.76% 0.86% 0.93% 1.01%
3 Months Avg SMM 1.95% 1.01% 1.02% 1.05%
12 Months Avg SMM
Avg SMM Since Cut-off 1.28% 0.78% 0.73% 0.77%
CPR 36.84% 9.84% 10.58% 11.46%
3 Months Avg CPR 21.01% 11.42% 11.56% 11.88%
12 Months Avg CPR
Avg CPR Since Cut-off 14.35% 8.98% 8.39% 8.85%
PSA 2560.10% 656.81% 697.08% 760.58%
3 Months Avg PSA Approximation 1682.99% 879.46% 877.16% 908.56%
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 1650.45% 991.96% 906.17% 966.89%
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Fixed Adjustable 2
Adjustable 1
CPR BY GROUPS TOTAL CPR
[GRAPH] [GRAPH]
PSA BY GROUPS TOTAL PSA
[GRAPH] [GRAPH]
Page 19 of 27 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR JUNE 15, 2000 DISTRIBUTION
------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
------------------------------------------------------------------------------
Fixed Adjustable 2
Adjustable 1
CPR AVG SINCE CUT-OFF BY GROUPS TOTAL CPR AVG SINCE CUT-OFF
[GRAPH] [GRAPH]
PSA AVG SINCE CUT-OFF BY GROUPS TOTAL PSA AVG SINCE CUT-OFF
[GRAPH] [GRAPH]
PREPAYMENT CALCULATION METHODOLOGY
<TABLE>
<S><C>
------------------------------------------------------------------------------------------------------------------------
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.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 20 of 27 (C) COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-2
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 = 58 Loan Group 1 = Fixed Group
Total Original Principal Balance = 3,996,165.00 Loan Group 2 = Adjustable 1 Group
Total Prepayment Amount = 3,983,900.51 Loan Group 3 = Adjustable 2 Group
Loan Group 3 = Adjustable 2 Group
---------------------------------------------------------------- ------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Current State &
& Loan Principal Prepayment Prepayment Note LTV at
Loan Group Status Balance Amount Date Rate Origination
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
7625227 1 FCL 39,000.00 38,952.99 May-31-00 13.750% OH - 65.00%
7637004 1 20,200.00 19,886.07 May-31-00 11.200% CO - 14.12%
7642555 1 31,100.00 30,424.96 May-25-00 9.000% NV - 26.13%
7667183 1 45,000.00 44,833.52 May-16-00 8.500% IL - 51.13%
7678541 1 25,000.00 24,344.54 May-01-00 8.950% IL - 22.93%
7679068 1 32,000.00 31,657.68 May-31-00 13.500% TN - 37.64%
7681259 1 112,500.00 112,174.63 May-12-00 9.700% NJ - 71.65%
7697058 1 75,000.00 74,724.18 May-19-00 12.750% IL - 75.00%
7699638 1 25,750.00 25,474.65 May-24-00 12.150% CO - 18.26%
7702493 1 55,000.00 54,888.77 May-26-00 10.500% NC - 78.57%
7722699 1 53,900.00 53,853.16 May-08-00 11.990% MD - 70.00%
9509917 1 58,500.00 58,359.23 May-03-00 10.560% NC - 75.00%
9510370 1 26,400.00 25,915.39 May-22-00 10.770% MI - 80.00%
9511202 1 89,928.00 89,725.48 May-16-00 12.990% FL - 71.37%
9518355 1 42,500.00 42,447.62 May-23-00 13.600% FL - 56.66%
9522301 1 75,000.00 74,642.48 May-03-00 8.030% NV - 41.66%
9523359 1 FCL 83,000.00 82,922.93 May-31-00 11.690% FL - 69.16%
9526978 1 86,740.00 86,449.14 May-18-00 9.740% TX - 50.43%
9527419 1 31,500.00 31,095.62 May-08-00 11.550% OH - 70.00%
9541578 1 27,900.00 27,709.84 May-25-00 10.200% MN - 26.57%
9553436 1 61,750.00 61,463.00 May-18-00 9.990% FL - 95.00%
9556257 1 20,000.00 19,952.85 May-24-00 11.390% FL - 80.00%
9556893 1 75,350.00 75,076.88 May-12-00 8.600% CO - 55.00%
9558144 1 37,600.00 37,355.47 May-26-00 11.260% LA - 41.31%
9559205 1 54,600.00 54,361.61 May-30-00 9.720% NC - 70.00%
9567844 1 82,000.00 81,839.42 May-02-00 10.650% FL - 66.66%
9580948 1 43,400.00 43,325.79 May-16-00 10.220% NC - 70.00%
9590714 1 70,000.00 69,912.26 May-15-00 12.860% MA - 67.96%
9593101 1 69,000.00 68,943.16 May-31-00 12.230% FL - 75.00%
9703470 1 49,320.00 49,238.39 May-31-00 8.990% IA - 72.00%
9709096 1 FCL 66,300.00 66,447.11 May-04-00 13.000% HI - 36.83%
9715258 1 53,400.00 53,259.43 May-02-00 9.250% WI - 61.37%
9733019 1 66,500.00 66,189.59 May-04-00 8.130% WI - 50.37%
9738835 1 280,000.00 279,368.92 May-16-00 9.990% CA - 80.00%
1478958 2 108,740.00 108,352.29 May-31-00 10.390% NY - 74.99%
9515267 2 56,250.00 56,114.63 May-03-00 8.560% MO - 89.28%
9515771 2 48,750.00 48,639.53 May-12-00 10.370% OH - 75.00%
9515968 2 35,100.00 35,057.16 May-18-00 11.640% OH - 65.00%
9523286 2 107,100.00 106,973.75 May-19-00 10.960% IA - 85.00%
9525904 2 140,000.00 139,642.34 May-18-00 9.020% MI - 80.00%
9529241 2 33,600.00 33,552.84 May-30-00 11.020% OH - 70.00%
9533494 2 144,900.00 144,483.77 May-31-00 8.510% IL - 90.00%
9535314 2 FCL 75,000.00 74,975.82 May-31-00 9.460% AZ - 75.00%
9535446 2 137,750.00 137,375.76 May-24-00 7.990% CO - 95.00%
------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------------------------------------
Loan Number Type Prepayment
& & Origination
Loan Group Original Term Date
--------------------------------------------------------------
<S> <C> <C>
7625227 1 Paid Off - 360 Sep-29-99
7637004 1 Paid Off - 180 Jul-27-99
7642555 1 Paid Off - 180 Jul-12-99
7667183 1 Paid Off - 360 Aug-30-99
7678541 1 Paid Off - 180 Oct-07-99
7679068 1 Paid Off - 180 Sep-13-99
7681259 1 Paid Off - 360 Sep-24-99
7697058 1 Paid Off - 360 Sep-30-99
7699638 1 Paid Off - 180 Oct-05-99
7702493 1 Paid Off - 360 Oct-29-99
7722699 1 Paid Off - 360 Nov-04-99
9509917 1 Paid Off - 360 Sep-14-99
9510370 1 Paid Off - 360 Jun-08-99
9511202 1 Paid Off - 360 Aug-02-99
9518355 1 Paid Off - 360 Sep-13-99
9522301 1 Paid Off - 360 Aug-31-99
9523359 1 Paid Off - 360 Aug-27-99
9526978 1 Paid Off - 360 Aug-27-99
9527419 1 Paid Off - 180 Aug-18-99
9541578 1 Paid Off - 360 Aug-18-99
9553436 1 Paid Off - 360 Jul-15-99
9556257 1 Paid Off - 360 Aug-13-99
9556893 1 Paid Off - 360 Sep-03-99
9558144 1 Paid Off - 180 Sep-20-99
9559205 1 Paid Off - 360 Jun-18-99
9567844 1 Paid Off - 360 Oct-08-99
9580948 1 Paid Off - 360 Oct-15-99
9590714 1 Paid Off - 360 Nov-05-99
9593101 1 Paid Off - 360 Nov-05-99
9703470 1 Paid Off - 360 Sep-30-99
9709096 1 Paid Off - 360 Sep-30-99
9715258 1 Paid Off - 360 Oct-08-99
9733019 1 Paid Off - 360 Aug-31-99
9738835 1 Paid Off - 360 Oct-28-99
1478958 2 Paid Off - 360 Aug-31-99
9515267 2 Paid Off - 360 Aug-19-99
9515771 2 Paid Off - 360 Aug-09-99
9515968 2 Paid Off - 360 Sep-29-99
9523286 2 Paid Off - 360 Sep-08-99
9525904 2 Paid Off - 360 Sep-01-99
9529241 2 Paid Off - 360 Aug-16-99
9533494 2 Paid Off - 360 Aug-30-99
9535314 2 Paid Off - 360 Jul-28-99
9535446 2 Paid Off - 360 Sep-13-99
--------------------------------------------------------------
</TABLE>
Page 21 of 27
<PAGE>
AAMES 1999-2
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>
9541233 2 92,925.00 92,687.63 May-31-00 8.280% OH - 74.93% Paid Off - 360 Sep-08-99
9542450 2 24,700.00 24,662.25 May-24-00 11.470% IN - 65.00% Paid Off - 360 Aug-26-99
9549382 2 28,100.00 28,063.10 May-04-00 12.020% LA - 51.09% Paid Off - 360 Aug-05-99
9550690 2 FCL 40,000.00 39,973.89 May-23-00 11.270% KY - 51.28% Paid Off - 360 Aug-13-99
9554009 2 FCL 35,100.00 35,048.37 May-31-00 11.520% KY - 65.00% Paid Off - 360 Jun-10-99
9557512 2 43,000.00 42,905.97 May-16-00 11.770% LA - 56.57% Paid Off - 360 Sep-20-99
9568697 2 63,000.00 62,841.50 May-15-00 9.090% IA - 90.00% Paid Off - 360 Sep-29-99
9571485 2 22,400.00 22,355.03 May-10-00 9.400% MO - 70.00% Paid Off - 360 Sep-29-99
9575340 2 32,000.00 31,921.38 May-08-00 9.020% FL - 80.00% Paid Off - 360 Oct-06-99
9578021 2 FCL 42,900.00 42,893.47 May-30-00 12.770% IN - 65.00% Paid Off - 360 Oct-22-99
9591583 2 33,000.00 32,981.45 May-11-00 10.100% NC - 75.00% Paid Off - 360 Nov-08-99
9593721 2 34,212.00 34,166.25 May-24-00 9.360% WI - 85.53% Paid Off - 360 Nov-09-99
9542930 3 292,500.00 291,482.61 May-16-00 8.810% CO - 90.00% Paid Off - 360 Jul-07-99
9561633 3 260,000.00 259,532.96 May-22-00 9.050% TX - 80.00% Paid Off - 360 Sep-02-99
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 22 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR JUNE 15, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
COLLATERAL REALIZED LOSSES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CURRENT
Number of Loans Liquidated - 2 5 7
Collateral Realized Loss/(Gain) Amount - 77,181.66 111,445.96 188,627.62
Net Liquidation Proceeds - - 5,922.07 5,922.07
CUMULATIVE
Number of Loans Liquidated - 9 12 21
Collateral Realized Loss/(Gain) Amount - 222,969.33 309,515.34 532,484.67
Net Liquidation Proceeds - 172,048.16 88,604.80 260,652.96
Note: Collateral realized losses may include adjustments to
loans liquidated in prior periods.
Loss Percentage 0.0000% 0.1439% 0.1328% 0.2767%
Annualized Loss Percentage 0.0000% 0.1439% 0.1328% 0.2767%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
[GRAPH] [GRAPH]
Page 23 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR JUNE 15, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
DEFAULT SPEEDS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MDR 0.00% 0.05% 0.05% 0.05%
3 Months Avg MDR 0.00% 0.08% 0.05% 0.06%
12 Months Avg MDR
Avg MDR Since Cut-off 0.00% 0.04% 0.03% 0.03%
CDR 0.00% 0.63% 0.63% 0.61%
3 Months Avg CDR 0.00% 0.95% 0.65% 0.74%
12 Months Avg CDR
Avg CDR Since Cut-off 0.00% 0.45% 0.30% 0.35%
SDA 0.00% 4.18% 4.17% 4.02%
3 Months Avg SDA Approximation 0.00% 7.31% 4.92% 5.66%
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation 0.00% 4.98% 3.27% 3.80%
Loss Severity Approximation for Current Period 100.00% 94.95% 96.96%
3 Months Avg Loss Severity Approximation 74.14% 75.92% 71.18%
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off 80.61% 81.94% 78.38%
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
CDR BY GROUPS TOTAL CDR
[GRAPH] [GRAPH]
SDA BY GROUPS TOTAL SDA
[GRAPH] [GRAPH]
Page 24 of 27
<PAGE>
AAMES 1999-2
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
<TABLE>
<S><C>
------------------------------------------------------------------------------------------------------------------------------------
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.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 25 of 27
<PAGE>
AAMES 1999-2
[LOGO] 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 = 7 Loan Group 1 = Fixed Group
Total Original Principal Balance = 194,740.00 Loan Group 2 = Adjustable 1 Group
Total Prior Principal Balance = 194,549.69 Loan Group 3 = Adjustable 2 Group
Total Realized Loss Amount = 188,627.62 Loan Group 3 = Adjustable 2 Group
Total Net Liquidation Proceeds = 5,922.07
-------------------------------------------------------- -----------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Prior Current State &
& Loan Principal Principal Realized Note LTV at
Loan Group Status Balance Balance Loss/(Gain) Rate Origination
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
7624166 1 FLC 10,750.00 10,701.39 - 10.750% MI - 12.64%
9516425 1 20,300.00 20,295.22 - 12.870% KY - 70.00%
9547096 1 20,400.00 20,271.42 - 11.590% NY - 60.00%
9557482 1 33,600.00 33,600.00 - 14.490% FL - 70.00%
9575324 1 32,500.00 32,500.00 - 11.980% FL - 72.22%
9525203 2 BK 37,440.00 37,431.66 - 13.120% OH - 72.00%
9576762 2 39,750.00 39,750.00 - 11.210% IN - 75.00%
<CAPTION>
------------------------------------------------------
Loan Number
& Original Origination
Loan Group Term Date
------------------------------------------------------
<S> <C> <C>
7624166 1 180 Jul-14-99
9516425 1 360 Aug-31-99
9547096 1 180 Jul-27-99
9557482 1 360 Aug-06-99
9575324 1 360 Oct-12-99
9525203 2 360 Aug-24-99
9576762 2 360 Oct-08-99
</TABLE>
--------------------------------------------------------------------------------
Page 26 of 27
<PAGE>
AAMES 1999-2
[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 2 ADJUSTABLE 1 FIXED TOTAL
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Step Down Cumulative Loss Test No No No No
Step Down Rolling Delinquency Test Yes Yes Yes Yes
Step Down Rolling Loss Test Yes Yes Yes Yes
Step Down Tigger No No No No
Step Up Cumulative Loss Test No No No No
Step Up Rolling Delinquency Test No No No No
Step Up Rolling Loss Test No No No No
Step Up Tigger No No No No
Step Up Spread Squeeze Test No No No No
Spread Squeeze Condition No No No No
</TABLE>
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
ADJUSTABLE RATE CERTIFICATE INFORMATION ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-------------------------------------------------------------------------------------------------------------------------------
SPACE INTENTIONALLY LEFT BLANK
<S> <C> <C> <C> <C>
</TABLE>
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL INFORMATION ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Supplamental Interest Amounts 0.00 0.00 0.00 0.00
Supplamental Interest Amounts Unpaid 0.00 0.00 0.00 0.00
</TABLE>
--------------------------------------------------------------------------------
Page 27 of 27
