<PAGE>
Deutsche Bank [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
NOVEMBER 27, 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>
CONTACTS
--------------------------------------------------------------------------------
Administrator: Joyce B Santiago
Direct Phone Number: (714)247-6318
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>
<CAPTION>
ISSUANCE INFORMATION
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Seller: Aames Capital Corporation Cut-Off Date: September 1, 2000
Certificate Insurer: Financial Security Assurance Inc. Closing Date: September 21, 2000
Servicer(s): Countrywide Home Loans, Inc. Master Servicer First Payment Date: October 25, 2000
Underwriter(s): Greenwich Capital Markets, Inc. Underwriter Distribution Date: November 27, 2000
Lehman Brothers Securities Corporation Underwriter Record Date: November 24, 2000
Morgan Stanley Dean Witter Underwriter October 31, 2000
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 1 of 27
<PAGE>
Deutsche Bank [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 2000-1
CERTIFICATE PAYMENT REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
<TABLE>
<CAPTION>
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-A1F 6,266.40 6,139.44 51.74 189.28 241.02 0.02 - 5,950.14
LT-A2F 3,150.00 3,150.00 26.55 - 26.55 - - 3,150.00
LT-A3F 3,000.00 3,000.00 27.81 - 27.81 - - 3,000.00
LT-A4F 4,250.00 4,250.00 35.82 - 35.82 - - 4,250.00
LT-A5F 2,821.60 2,821.60 23.78 - 23.78 - - 2,821.60
-------------------------------------------------------------------------------------------------------------------------
LT-A6F 1,400.00 1,400.00 11.80 - 11.80 - - 1,400.00
LT-MF 208,860,684.38 208,011,087.23 1,753,000.17 1,471,395.84 3,224,396.01 (0.02) 42.13 206,539,733.54
LT-AV1 12,367.66 12,292.41 100.39 86.61 187.00 - - 12,205.80
LT-MV1 125,547,895.79 125,017,967.88 1,020,990.77 619,055.05 1,640,045.82 - 24.70 124,398,937.53
LT-AV2 12,367.66 12,315.36 98.65 151.40 250.05 - - 12,163.96
-------------------------------------------------------------------------------------------------------------------------
LT-MV2 125,547,660.76 125,226,723.38 1,003,092.69 1,287,343.18 2,290,435.87 - 22.65 123,939,402.85
P 100.00 100.00 60,064.62 - 60,064.62 - - 100.00
R-I - - - - - - - -
-------------------------------------------------------------------------------------------------------------------------
Total 460,001,964.25 458,301,247.30 3,837,524.79 3,378,221.36 7,215,746.15 89.48 454,923,115.42
-------------------------------------------------------------------------------------------------------------------------
</TABLE>
INTEREST ACCRUAL DETAIL CURRENT PERIOD FACTOR INFORMATION
PER $1,000 OF ORIGINAL FACE
<TABLE>
<CAPTION>
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-A1F F-30/360 6,266.40 979.739563 8.256734 30.205541 38.462275 949.530831
LT-A2F F-30/360 3,150.00 1,000.000000 8.428571 - 8.428571 1,000.000000
LT-A3F F-30/360 3,000.00 1,000.000000 9.270000 - 9.270000 1,000.000000
LT-A4F F-30/360 4,250.00 1,000.000000 8.428235 - 8.428235 1,000.000000
LT-A5F F-30/360 2,821.60 1,000.000000 8.427842 - 8.427842 1,000.000000
------------------------------------------------------------------------------------------------------------------------------
LT-A6F F-30/360 1,400.00 1,000.000000 8.428571 - 8.428571 1,000.000000
LT-MF F-30/360 208,860,684.38 995.932230 8.393155 7.044867 15.438023 988.887565
LT-AV1 10/25/00 11/26/00 A-Act/360 12,367.66 993.915583 8.117138 7.002942 15.120079 986.912642
LT-MV1 10/25/00 11/26/00 A-Act/360 125,547,895.79 995.779078 8.132281 4.930828 13.063109 990.848447
LT-AV2 10/25/00 11/26/00 A-Act/360 12,367.66 995.771229 7.976448 12.241604 20.218053 983.529625
------------------------------------------------------------------------------------------------------------------------------
LT-MV2 10/25/00 11/26/00 A-Act/360 125,547,660.76 997.443701 7.989736 10.253821 18.243557 987.190061
P A- 100.00 1,000.000000 600,646.200000 - 600,646.200000 1,000.000000
R-I - - - - - -
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2 of 27
<PAGE>
Deutsche Bank [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 2000-1
CERTIFICATE PAYMENT REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
DISTRIBUTION IN DOLLARS - TO DATE
<TABLE>
<CAPTION>
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-A1F 6,266.40 104.54 288.30 27.95 316.25 420.79 0.01 - 5,950.14
LT-A2F 3,150.00 53.09 - - - 53.09 - - 3,150.00
LT-A3F 3,000.00 56.46 - - - 56.46 - - 3,000.00
LT-A4F 4,250.00 71.63 - - - 71.63 - - 4,250.00
LT-A5F 2,821.60 47.56 - - - 47.56 - - 2,821.60
LT-A6F 1,400.00 23.60 - - - 23.60 - - 1,400.00
LT-MF 208,860,684.38 3,512,818.29 2,041,387.10 279,647.88 2,321,034.98 5,833,853.27 (0.01) 84.13 206,539,733.54
LT-AV1 12,367.66 201.37 151.80 10.06 161.86 363.23 - - 12,205.80
LT-MV1 125,547,895.79 2,045,971.89 1,048,357.03 100,647.18 1,149,004.21 3,194,976.10 1.00 46.95 124,398,937.53
LT-AV2 12,367.66 197.72 194.51 9.19 203.70 401.42 - - 12,163.96
LT-MV2 125,547,660.76 2,008,716.25 1,516,358.79 91,941.97 1,608,300.76 3,617,017.01 - 42.85 123,939,402.85
P 100.00 96,473.46 - - - 96,473.46 100.00
R-I - - - - - - - - -
----------------------------------------------------------------------------------------------------------------------------
Total 460,001,964.25 7,664,735.86 4,606,737.53 472,284.23 5,079,021.76 12,743,757.62 1.00 173.93 454,923,115.42
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST DETAIL
Pass- Prior Principal Non- Prior Unscheduled
Through (with Notional) Accrued Supported Unpaid Interest
Class Rate Balance Interest Interest SF Interest Adjustments
--------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)
--------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LT-A1F 10.10568% 6,139.44 51.74 - - -
LT-A2F 10.10568% 3,150.00 26.55 - - -
LT-A3F 10.10568% 3,000.00 27.81 - - -
LT-A4F 10.10568% 4,250.00 35.82 - - -
LT-A5F 10.10568% 2,821.60 23.78 - - -
--------------------------------------------------------------------------------------------------------------
LT-A6F 10.10568% 1,400.00 11.80 - - -
LT-MF 10.10568% 208,011,087.23 1,753,042.30 - - -
LT-AV1 9.79284% 12,292.41 100.39 - - -
LT-MV1 9.79284% 125,017,967.88 1,021,015.47 - - -
LT-AV2 9.81234% 12,315.36 98.65 - - -
--------------------------------------------------------------------------------------------------------------
LT-MV2 9.81234% 125,226,723.38 1,003,115.34 - - -
P 100.00 - - - -
R-I - - - - -
---------------------------------------------------------------------------------------------------------------
Total 458,301,247.30 3,777,549.65 - - -
---------------------------------------------------------------------------------------------------------------
<CAPTION>
Paid or Current
Optimal Deferred Unpaid
Interest Interest Interest
Class (5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
--------------------------------------------------------
<S> <C> <C> <C>
LT-A1F 51.74 51.74 -
LT-A2F 26.55 26.55 -
LT-A3F 27.81 27.81 -
LT-A4F 35.82 35.82 -
LT-A5F 23.78 23.78 -
--------------------------------------------------------
LT-A6F 11.80 11.80 -
LT-MF 1,753,042.30 1,753,042.30 -
LT-AV1 100.39 100.39 -
LT-MV1 1,021,015.47 1,021,015.47 -
LT-AV2 98.65 98.65 -
--------------------------------------------------------
LT-MV2 1,003,115.34 1,003,115.34 -
P - 60,064.62 -
R-I - - -
--------------------------------------------------------
Total 3,777,549.65 3,837,614.27 -
--------------------------------------------------------
</TABLE>
Page 3 of 27
<PAGE>
Deutsche Bank [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 2000-1
CERTIFICATE PAYMENT REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
<TABLE>
<CAPTION>
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-1F 62,664,000.00 61,394,260.80 393,434.89 1,892,875.29 2,286,310.18 - 59,501,385.51
A-2F 31,500,000.00 31,500,000.00 196,350.00 - 196,350.00 - 31,500,000.00
A-3F 30,000,000.00 30,000,000.00 188,500.00 - 188,500.00 - 30,000,000.00
A-4F 42,500,000.00 42,500,000.00 274,833.33 - 274,833.33 - 42,500,000.00
A-5F 28,216,000.00 28,216,000.00 189,752.60 - 189,752.60 - 28,216,000.00
-------------------------------------------------------------------------------------------------------------------------------
A-6F 14,000,000.00 14,000,000.00 89,016.67 - 89,016.67 - 14,000,000.00
A-V1 123,676,600.00 122,924,094.50 774,114.49 866,118.33 1,640,232.82 - 122,057,976.17
A-V2 123,676,600.00 123,153,636.56 776,688.93 1,513,996.99 2,290,685.92 - 121,639,639.57
C 3,768,563.25 4,613,155.45 - - - 894,858.73 5,508,014.18
R-II - - - - - - -
-------------------------------------------------------------------------------------------------------------------------------
Total 460,001,763.25 458,301,147.31 2,882,690.91 4,272,990.61 7,155,681.52 894,858.73 454,923,015.43
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INTEREST ACCRUAL DETAIL CURRENT PERIOD FACTOR INFORMATION PER $1,000 OF
ORIGINAL FACE
<TABLE>
<CAPTION>
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-1F F-30/360 00253CFU6 62,664,000.00 979.737342 6.278483 30.206742 36.485226 949.530600
A-2F F-30/360 00253CFV4 31,500,000.00 1,000.000000 6.233333 - 6.233333 1,000.000000
A-3F F-30/360 00253CFW2 30,000,000.00 1,000.000000 6.283333 - 6.283333 1,000.000000
A-4F F-30/360 00253CFX0 42,500,000.00 1,000.000000 6.466667 - 6.466667 1,000.000000
A-5F F-30/360 00253CFY8 28,216,000.00 1,000.000000 6.725000 - 6.725000 1,000.000000
-------------------------------------------------------------------------------------------------------------------------------
A-6F F-30/360 00253CFZ5 14,000,000.00 1,000.000000 6.358334 - 6.358334 1,000.000000
A-V1 10/25/00 11/26/00 A-Act/360 00253CGA9 123,676,600.00 993.915539 6.259183 7.003090 13.262273 986.912449
A-V2 10/25/00 11/26/00 A-Act/360 00253CGB7 123,676,600.00 995.771525 6.279999 12.241580 18.521579 983.529945
C - 3,768,563.25 1,224.115172 - - - 1,461.568724
R-II - - - - - - -
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 4 of 27
<PAGE>
Deutsche Bank [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 2000-1
CERTIFICATE PAYMENT REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
DISTRIBUTION IN DOLLARS - TO DATE
<TABLE>
<CAPTION>
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>
A-1F 62,664,000.00 795,006.69 2,883,022.78 279,591.70 3,162,614.48 3,957,621.17 - - 59,501,385.51
A-2F 31,500,000.00 392,700.00 - - - 392,700.00 - - 31,500,000.00
A-3F 30,000,000.00 377,000.00 - - - 377,000.00 - - 30,000,000.00
A-4F 42,500,000.00 549,666.66 - - - 549,666.66 - - 42,500,000.00
A-5F 28,216,000.00 379,505.20 - - - 379,505.20 - - 28,216,000.00
A-6F 14,000,000.00 178,033.34 - - - 178,033.34 - - 14,000,000.00
A-V1 123,676,600.00 1,576,715.50 1,518,013.55 100,610.29 1,618,623.84 3,195,339.34 - - 122,057,976.17
A-V2 123,676,600.00 1,580,458.00 1,945,052.13 91,908.31 2,036,960.44 3,617,418.44 - - 121,639,639.57
C 3,768,563.25 - - - - - - 1,739,450.94 5,508,014.18
R-II - - - - - - - - -
---------------------------------------------------------------------------------------------------------------------------------
Total 460,001,763.25 5,829,085.39 6,346,088.46 472,110.30 6,818,198.76 12,647,284.15 - 1,739,450.94 454,923,015.43
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INTEREST DETAIL
<TABLE>
<CAPTION>
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-1F 7.69000% 61,394,260.80 393,434.89 - - - 393,434.89 393,434.89
A-2F 7.48000% 31,500,000.00 196,350.00 - - - 196,350.00 196,350.00
A-3F 7.54000% 30,000,000.00 188,500.00 - - - 188,500.00 188,500.00
A-4F 7.76000% 42,500,000.00 274,833.33 - - - 274,833.33 274,833.33
A-5F 8.07000% 28,216,000.00 189,752.60 - - - 189,752.60 189,752.60
-----------------------------------------------------------------------------------------------------------------------------------
A-6F 7.63000% 14,000,000.00 89,016.67 - - - 89,016.67 89,016.67
A-V1 6.87000% 122,924,094.50 774,114.49 - - - 774,114.49 774,114.49
A-V2 6.88000% 123,153,636.56 776,688.93 - - - 776,688.93 776,688.93
C 4,613,155.45 - - - - - 894,858.73
R-II - - - - - -
-----------------------------------------------------------------------------------------------------------------------------------
Total 458,301,147.31 2,882,690.91 - - - 2,882,690.91 3,777,549.64
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 5 of 27
<PAGE>
DEUTSCHE BANK [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
COLLECTION ACCOUNT REPORT
<TABLE>
<CAPTION>
SUMMARY ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 1,287,471.93 619,116.96 1,471,542.99 3,378,131.88
Principal Withdrawals 0.00 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00 0.00
TOTAL NET PRINCIPAL 1,287,471.93 619,116.96 1,471,542.99 3,378,131.88
Interest Collections 1,083,544.12 1,093,460.84 1,838,199.10 4,015,204.06
Interest Withdrawals 0.00 0.00 0.00 0.00
Interest Other Accounts 0.00 0.00 0.00 0.00
Interest Fees (56,528.64) (61,527.87) (59,533.29) (177,589.80)
TOTAL NET INTEREST 1,027,015.48 1,031,932.97 1,778,665.81 3,837,614.26
TOTAL AVAILABLE FUNDS TO BONDHOLDERS 2,314,487.41 1,651,049.93 3,250,208.80 7,215,746.14
Capitalized Interest 0.00 0.00 0.00 0.00
TOTAL REMITANCE DUE FROM SERVICER 2,368,292.43 1,709,665.90 3,303,929.63 7,381,887.96
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL - COLLECTIONS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Scheduled Principal 49,770.14 56,616.11 148,323.55 254,709.80
Curtailments 0.00 0.00 0.00 0.00
Prepayments in Full 1,237,701.79 562,500.85 1,323,219.44 3,123,422.08
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 0.00 0.00 0.00
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 0.00 0.00 0.00
Mortgage Replacement Amount 0.00 0.00 0.00 0.00
TOTAL PRINCIPAL COLLECTED 1,287,471.93 619,116.96 1,471,542.99 3,378,131.88
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6 of 27 -C- COPYRIGHT 2000
Deutsche Bank
<PAGE>
DEUTSCHE BANK [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
COLLECTION ACCOUNT REPORT
<TABLE>
<CAPTION>
PRINCIPAL - WITHDRAWALS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
------------------------------------------------------------------------------------------------------------------------------------
</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 1,109,201.95 1,131,827.77 1,893,620.56 4,134,650.28
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 0.00 0.00 0.00
Insurance Interest 0.00 0.00 0.00 0.00
Other Additional Interest 0.00 0.00 0.00 0.00
Prepayment Interest Shortfalls (4,845.82) (2,684.70) (6,478.90) (14,009.42)
Delinquent Interest (1,051,539.28) (1,069,576.45) (1,767,837.85) (3,888,953.58)
Realized Losses 0.00 0.00 0.00 0.00
Compensating Interest 4,845.82 2,684.70 6,478.90 14,009.42
Other Interest Shortfall (Relief Act) 0.00 0.00 0.00 0.00
Interest Advanced 1,002,079.96 1,020,392.41 1,686,970.37 3,709,442.74
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 23,801.49 10,817.11 25,446.02 60,064.62
Gain on Liquidation 0.00 0.00 0.00 0.00
TOTAL INTEREST COLLECTED 1,083,544.12 1,093,460.84 1,838,199.10 4,015,204.06
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 7 of 27 -C- COPYRIGHT 2000
Deutsche Bank
<PAGE>
DEUTSCHE BANK [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
COLLECTION ACCOUNT REPORT
<TABLE>
<CAPTION>
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 0.00 0.00 0.00
TOTAL INTEREST WITHDRAWLS 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
</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 2,723.62 2,911.90 5,812.46 11,447.98
Trustee Fees 782.74 781.44 1,300.20 2,864.38
PMI 29,417.83 34,274.08 12,628.66 76,320.57
TOTAL INTEREST OTHER FEES 56,528.64 61,527.87 59,533.29 177,589.80
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 8 of 27 -C- COPYRIGHT 2000
Deutsche Bank
<PAGE>
DEUTSCHE BANK [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
CREDIT ENHANCEMENT REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
CREDIT ENHANCEMENT REPORT
<TABLE>
<CAPTION>
ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INSURANCE ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Insurance Premium Due 23,604.45 23,560.45 39,791.97 86,956.87
Insurance Premium Paid 23,604.45 23,560.45 39,791.97 86,956.87
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 226,525.06 247,001.37 421,332.30 894,858.73
Overcollateralization Amount 2,311,927.24 2,353,167.16 842,919.77 5,508,014.17
Targeted Overcollateralization Amt 5,964,101.35 5,964,112.47 6,266,447.17 18,194,660.99
Overcollateralization Release Amount 0.00 0.00 0.00 0.00
Overcollateralization Defficiency Amt 4,105,224.23 3,610,945.31 5,423,527.40 13,139,696.95
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 9 of 27 -C- COPYRIGHT 2000
Deutsche Bank
<PAGE>
DEUTSCHE BANK [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
COLLATERAL REPORT
<TABLE>
<CAPTION>
COLLATERAL ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Loan Count:
ORIGINAL 1129 1343 2965 5437
Prior 1,126 1,339 2,955 5,420
Prefunding
- - - -
Scheduled Paid Offs
- - - -
Full Voluntary Prepayments (15) (5) (26) (46)
Repurchases
- - - -
Liquidations
- - - -
------------------------------------------------------------------------------------------------------------------------------------
Current 1,111 1,334 2,929 5,374
PRINCIPAL BALANCE:
Original 125,560,028.42 125,560,262.45 208,881,572.38 460,001,863.25
Prior 125,239,038.74 125,030,260.29 208,031,848.27 458,301,147.30
Prefunding
- - - -
Scheduled Principal (49,770.14) (56,616.11) (148,323.55) (254,709.80)
Partial and Full Voluntary Prepayments (1,237,701.79) (562,500.85) (1,323,219.44) (3,123,422.08)
Repurchases
- - - -
------------------------------------------------------------------------------------------------------------------------------------
Liquidations
- - - -
Current 123,951,566.81 124,411,143.33 206,560,305.28 454,923,015.42
------------------------------------------------------------------------------------------------------------------------------------
PREFUNDING ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
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>
<PAGE>
Fixed ---- Adjustable 2
Adjustable 1 ----
<TABLE>
<S> <C>
Current Prin Balance by Groups (in millions of dollars) Total Current Principal Balance (in millions of dollars)
[GRAPHIC DIAGRAM] [GRAPHIC DIAGRAM]
</TABLE>
Page 10 of 27 -C- COPYRIGHT 2000
Deutsche Bank
<PAGE>
DEUTSCHE BANK [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
Collateral Report
-----------------------------------------------------------------------------------------------------------------------
CHARACTERISTICS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Weighted Average Coupon Original 10.627317% 10.860670% 10.921251% 10.824484%
Weighted Average Coupon Prior 10.627317% 10.860670% 10.921251% 10.824484%
Weighted Average Coupon Current 10.628015% 10.862917% 10.923061% 10.826026%
-----------------------------------------------------------------------------------------------------------------------
Weighted Average Months to Maturity Original 356 356 325 342
Weighted Average Months to Maturity Prior 356 356 325 342
Weighted Average Months to Maturity Current 355 355 323 340
-----------------------------------------------------------------------------------------------------------------------
Weighted Avg Remaining Amortization Term Original 355 355 324 341
Weighted Avg Remaining Amortization Term Prior 355 355 324 341
Weighted Avg Remaining Amortization Term Current 354 354 323 340
-----------------------------------------------------------------------------------------------------------------------
Weighted Average Seasoning Original 2.99 2.99 2.92 2.96
Weighted Average Seasoning Prior 2.99 2.99 2.92 2.96
Weighted Average Seasoning Current 3.98 3.99 3.91 3.95
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
Fixed ___ Adjustable 2
Adjustable 1 ___
WAC by Groups Total WAC
[GRAPH] [GRAPH]
WARAT by Groups Total WARAT
[GRAPH] [GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 11 of 27
<PAGE>
DEUTSCHE BANK [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
Collateral Report
---------------------------------------------------------------------------------------------------------------------------
ARM CHARACTERISTICS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Weighted Average Margin Original 6.029% 6.115%
Weighted Average Margin Prior 6.029% 6.115%
Weighted Average Margin Current 6.028% 6.117%
---------------------------------------------------------------------------------------------------------------------------
Weighted Average Max Rate Original
Weighted Average Max Rate Prior
Weighted Average Max Rate Current 16.642% 16.863%
---------------------------------------------------------------------------------------------------------------------------
Weighted Average Min Rate Original 10.627% 10.858%
Weighted Average Min Rate Prior 10.627% 10.858%
Weighted Average Min Rate Current 10.628% 10.860%
---------------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Up Original 2.005% 2.001%
Weighted Average Cap Up Prior 2.005% 2.001%
Weighted Average Cap Up Current 2.005% 2.001%
---------------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Down Original 2.005% 2.001%
Weighted Average Cap Down Prior 2.005% 2.001%
Weighted Average Cap Down Current 2.005% 2.001%
---------------------------------------------------------------------------------------------------------------------------
</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 2,723.62 2,911.90 5,812.46 11,447.98
Delinquent Servicing Fees 49,459.32 49,184.04 80,867.48 179,510.84
TOTAL SERVICING FEES 52,182.94 52,095.94 86,679.94 190,958.82
Total Servicing Fees 52,182.94 52,095.94 86,679.94 190,958.82
Compensating Interest 4,845.82 2,684.70 6,478.90 14,009.42
Delinquent Servicing Fees (49,459.32) (49,184.04) (80,867.48) (179,510.84)
COLLECTED SERVICING FEES 7,569.44 5,596.60 12,291.36 25,457.40
Prepayment Interest Shortfall 4,845.82 2,684.70 6,478.90 14,009.42
Total Advanced Interest 1,002,079.96 1,020,392.41 1,686,970.37 3,709,442.74
---------------------------------------------------------------------------------------------------------------------------
</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>
DEUTSCHE BANK [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - TOTAL
-----------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
DELINQUENT Balance 36,705,641.40 14,397,137.91 2,413,018.50 53,515,797.81
% Balance 8.07% 3.16% 0.53% 11.76%
# Loans 463 102 35 600
% # Loans 8.62% 1.90% 0.65% 11.16%
-----------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - 1,400,706.04 1,400,706.04
% Balance 0.00% 0.00% 0.00% 0.31% 0.31%
# Loans - - - 15 15
% # Loans 0.00% 0.00% 0.00% 0.28% 0.28%
-----------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
-----------------------------------------------------------------------------------------------------------------------
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 - 36,705,641.40 14,397,137.91 3,813,724.54 54,916,503.85
% Balance 0.00% 8.07% 3.16% 0.84% 12.07%
# Loans - 463 102 50 615
% # Loans 0.00% 8.62% 1.90% 0.93% 11.44%
-----------------------------------------------------------------------------------------------------------------------
</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 27
<PAGE>
DEUTSCHE BANK [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - FIXED GROUP
--------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
DELINQUENT Balance 15,619,945.33 2,542,199.58 724,175.73 18,886,320.64
% Balance 7.56% 1.23% 0.35% 9.14%
# Loans 229 41 17 287
% # Loans 7.82% 1.40% 0.58% 9.80%
--------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - 488,916.54 488,916.54
% Balance 0.00% 0.00% 0.00% 0.24% 0.24%
# Loans - - - 5 5
% # Loans 0.00% 0.00% 0.00% 0.17% 0.17%
--------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
--------------------------------------------------------------------------------------------------------------------
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 - 15,619,945.33 2,542,199.58 1,213,092.27 19,375,237.18
% Balance 0.00% 7.56% 1.23% 0.59% 9.38%
# Loans - 229 41 22 292
% # Loans 0.00% 7.82% 1.40% 0.75% 9.97%
--------------------------------------------------------------------------------------------------------------------
</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 27
<PAGE>
DEUTSCHE BANK [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE 1 GROUP
--------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
DELINQUENT Balance 11,620,356.04 2,389,598.30 763,625.37 14,773,579.71
% Balance 9.34% 1.92% 0.61% 11.87%
# Loans 140 31 9 180
% # Loans 10.49% 2.32% 0.67% 13.49%
--------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - 688,927.18 688,927.18
% Balance 0.00% 0.00% 0.00% 0.55% 0.55%
# Loans - - - 6 6
% # Loans 0.00% 0.00% 0.00% 0.45% 0.45%
--------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
--------------------------------------------------------------------------------------------------------------------
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 - 11,620,356.04 2,389,598.30 1,452,552.55 15,462,506.89
% Balance 0.00% 9.34% 1.92% 1.17% 12.43%
# Loans - 140 31 15 186
% # Loans 0.00% 10.49% 2.32% 1.12% 13.94%
--------------------------------------------------------------------------------------------------------------------
</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 27
<PAGE>
Deutsche Bank [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR NOVEMBER 27, 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 9,465,340.03 9,465,340.03 925,217.40 19,855,897.46
%Balance 7.64% 7.64% 0.75% 16.02%
# Loans 94 30 9 133
%# Loans 8.46% 2.70% 0.81% 11.97%
--------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - 222,862.32 222,862.32
%Balance 0.00% 0.00% 0.00% 0.18% 0.18%
# Loans - - - 4 4
%# Loans 0.00% 0.00% 0.00% 0.36% 0.36%
--------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance - - - - -
%Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
%# Loans 0.00% 0.00% 0.00% 0.00% 0.00%
--------------------------------------------------------------------------------------------------------------------------------
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 - 9,465,340.03 9,465,340.03 1,148,079.72 20,078,759.78
%Balance 0.00% 7.64% 7.64% 0.93% 16.20%
# Loans - 94 30 13 137
%# Loans 0.00% 8.46% 2.70% 1.17% 12.33%
--------------------------------------------------------------------------------------------------------------------------------
</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
[CHART] [CHART]
Total Foreclosure Total Bankruptcy and REO
[CHART] [CHART]
NOTE: DATES CORRESPOND TO DISTRIBUTION
DATES.
Page 16 of 27
<PAGE>
Deutsche Bank [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
REO REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
REO REPORT - MORTGAGE LOANS THAT BECOME REO DURING CURRENT DISTRIBUTION
<TABLE>
<CAPTION>
SUMMARY LOAN GROUP
------------------------------------------------------------------------------------------------------------------------
<S> <C>
Total Loan Count = 0 Loan Group 1 = Fixed Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00 Loan Group 2 = Adjustable 1 Group; REO Book Value = 000.00
Total Current Balance = 000.00 Loan Group 3 = Adjustable 2 Group; REO Book Value = 000.00
REO Book Value = 000.00 Loan Group 3 = Adjustable 2 Group; REO Book Value = 000.00
</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>
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
Page 17 of 27
<PAGE>
Deutsche Bank [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR NOVEMBER 27, 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 15 5 26 46
Number of Repurchased Loans - - - -
---------------------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 15 5 26 46
Paid in Full Balance 1,237,701.79 562,500.85 1,323,219.44 3,123,422.08
Repurchased Loans Balance - - - -
Curtailments Amount - - - -
---------------------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 1,237,701.79 562,500.85 1,323,219.44 3,123,422.08
CUMULATIVE
Number of Paid in Full Loans 18 9 36 63
Number of Repurchased Loans - - - -
---------------------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 18 9 36 63
Paid in Full Balance 1,516,553.30 1,048,508.83 2,041,675.40 4,606,737.53
Repurchased Loans Balance - - - -
Curtailments Amount - - - -
---------------------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 1,516,553.30 1,048,508.83 2,041,675.40 4,606,737.53
</TABLE>
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)
[CHART]
Total Prepayments (in thousands of dollars)
[CHART]
Page 18 of 27
<PAGE>
Deutsche Bank [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
<S> <C> <C> <C> <C>
SMM 0.99% 0.45% 0.64% 0.68%
3 Months Avg SMM
12 Months Avg SMM
Avg SMM Since Cut-off 0.61% 0.42% 0.49% 0.50%
CPR 11.24% 5.27% 7.38% 7.88%
3 Months Avg CPR
12 Months Avg CPR
Avg CPR Since 7.04% 4.91% 5.73% 5.87%
Cut-off
PSA 1412.27% 660.28% 942.43% 997.21%
3 Months Avg PSA Approximation
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 1008.91% 703.19% 838.18% 848.39%
</TABLE>
Fixed Adjustable 2
Adjustable 1
CPR by Groups Total CPR
[CHART] [CHART]
PSA by Groups Total PSA
[CHART] [CHART]
Page 19 of 27
<PAGE>
Deutsche Bank [LOGO] AAMES 2000-1
Statement to Certificateholders MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
Fixed Adjustable 2
Adjustable 1
CPR Avg since Cut-Off by Groups Total CPR Avg since Cut-Off
[CHART] [CHART]
PSA Avg since Cut-Off by Groups Total PSA Avg since Cut-Off
[CHART] [CHART]
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 20 of 27
<PAGE>
DEUTSCHE BANK [LOGO] AAMES 2000-1
STATEMENT TO CERTIFICATEHOLDERS MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR NOVEMBER 27, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SUMMARY LOAN GROUP
------------------------------------------------ ------------------------------------------------
<S> <C>
Total Loan Count = 46 Loan Group 1 = Fixed Group
Total Original Principal Balance = 3,128,201.00 Loan Group 2 = Adjustable 1 Group
Total Prepayment Amount = 3,123,422.08 Loan Group 3 = Adjustable 2 Group
Loan Group 3 = Adjustable 2 Group
------------------------------------------------ ------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
Loan Number Original
& Loan Principal Prepayment Prepayment
Loan Group Status Balance Amount Date
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
7711107 1 30,000.00 29,656.86 Oct-02-00
7727631 1 45,000.00 44,889.65 Oct-02-00
7798695 1 52,000.00 51,916.03 Oct-03-00
7810601 1 25,000.00 24,965.45 Oct-19-00
7820607 1 56,250.00 56,185.89 Oct-31-00
7821646 1 33,375.00 33,348.75 Oct-12-00
7829566 1 68,000.00 67,468.88 Oct-13-00
7850018 1 42,250.00 42,250.00 Oct-05-00
7854536 1 64,000.00 63,914.15 Oct-03-00
7855427 1 108,000.00 107,918.32 Oct-11-00
7858574 1 24,500.00 24,483.14 Oct-12-00
7862008 1 60,000.00 60,000.00 Oct-27-00
7879393 1 70,000.00 69,323.61 Oct-16-00
7900333 1 62,400.00 62,385.70 Oct-18-00
7913486 1 52,000.00 52,000.00 Oct-25-00
7935153 1 33,000.00 33,000.00 Oct-24-00
7935765 1 12,500.00 12,500.00 Oct-23-00
9583696 1 30,000.00 29,828.73 Oct-10-00
9627766 1 62,400.00 62,206.49 Oct-24-00
9662006 1 38,500.00 38,458.85 Oct-24-00
9665692 1 82,500.00 82,406.61 Oct-02-00
9678050 1 36,800.00 36,775.82 Oct-12-00
9680799 1 85,600.00 85,543.51 Oct-24-00
9687424 1 55,900.00 55,885.95 Oct-20-00
9723935 1 71,000.00 70,927.40 Oct-19-00
9803203 1 25,001.00 24,979.65 Oct-23-00
7845952 2 228,000.00 227,791.08 Oct-27-00
7894120 2 120,000.00 120,000.00 Oct-02-00
7906986 2 60,000.00 59,972.63 Oct-09-00
9652450 2 127,500.00 127,268.49 Oct-06-00
9663819 2 27,500.00 27,468.65 Oct-13-00
1501690 3 88,985.00 88,842.59 Oct-19-00
7826141 3 36,400.00 36,388.42 Oct-31-00
9622527 3 65,000.00 64,835.88 Oct-02-00
9626689 3 59,150.00 59,100.98 Oct-06-00
9631399 3 130,500.00 130,194.31 Oct-03-00
9640835 3 42,000.00 41,963.50 Oct-26-00
9667466 3 142,500.00 142,326.78 Oct-27-00
9673024 3 19,000.00 18,982.88 Oct-05-00
9678204 3 44,850.00 44,834.95 Oct-11-00
9680136 3 140,000.00 139,858.95 Oct-17-00
9688188 3 40,950.00 40,950.00 Oct-18-00
9689796 3 132,900.00 132,793.91 Oct-18-00
9754695 3 131,250.00 130,930.11 Oct-27-00
--------------------------------------------------------------------------------
<CAPTION>
--------------------------------------------------------------------------------
Loan Number Current State & Type Prepayment
& Note LTV at & Origination
Loan Group Rate Origination Original Term Date
--------------------------------------------------------------------------------
<S> <S> <C> <C> <C>
7711107 1 15.920% MI - 65.90% Paid Off - 180 Oct-28-99
7727631 1 11.250% TX - 66.10% Paid Off - 360 Dec-22-99
7798695 1 10.500% TN - 65.00% Paid Off - 360 Apr-14-00
7810601 1 12.250% WA - 25.00% Paid Off - 360 May-01-00
7820607 1 10.750% NC - 75.00% Paid Off - 360 Jun-01-00
7821646 1 12.439% OH - 75.00% Paid Off - 360 May-17-00
7829566 1 9.250% MI - 80.00% Paid Off - 180 Jun-02-00
7850018 1 12.250% SC - 65.00% Paid Off - 180 Jul-10-00
7854536 1 9.990% MI - 80.00% Paid Off - 360 Jun-27-00
7855427 1 10.750% NJ - 75.00% Paid Off - 360 Jul-03-00
7858574 1 11.187% OH - 69.00% Paid Off - 360 Jun-30-00
7862008 1 14.750% MN - 64.00% Paid Off - 360 Aug-01-00
7879393 1 9.750% NV - 55.00% Paid Off - 360 Jul-19-00
7900333 1 12.990% OH - 65.00% Paid Off - 360 Aug-15-00
7913486 1 9.825% FL - 80.00% Paid Off - 360 Aug-23-00
7935153 1 11.250% MD - 48.00% Paid Off - 180 Sep-05-00
7935765 1 11.250% CA - 20.00% Paid Off - 360 Aug-29-00
9583696 1 8.950% MO - 66.60% Paid Off - 360 Oct-29-99
9627766 1 10.760% TN - 80.00% Paid Off - 360 Dec-30-99
9662006 1 12.375% PA - 70.00% Paid Off - 360 Apr-28-00
9665692 1 10.780% IL - 75.00% Paid Off - 360 May-04-00
9678050 1 11.575% TN - 80.00% Paid Off - 360 Jun-06-00
9680799 1 11.375% TX - 75.80% Paid Off - 360 Jul-07-00
9687424 1 15.625% SC - 65.00% Paid Off - 360 Jun-29-00
9723935 1 11.250% IL - 54.70% Paid Off - 360 Jun-02-00
9803203 1 13.240% NC - 32.70% Paid Off - 240 Jul-25-00
7845952 2 11.750% MA - 85.00% Paid Off - 360 Jun-26-00
7894120 2 9.375% NV - 75.00% Paid Off - 360 Aug-01-00
7906986 2 9.856% CA - 80.00% Paid Off - 360 Aug-04-00
9652450 2 11.000% CA - 75.00% Paid Off - 360 Mar-31-00
9663819 2 10.750% KY - 50.00% Paid Off - 360 May-01-00
1501690 3 9.150% CA - 34.30% Paid Off - 360 Jun-22-00
7826141 3 11.750% OH - 70.00% Paid Off - 360 May-26-00
9622527 3 11.075% DC - 65.00% Paid Off - 360 Jan-28-00
9626689 3 13.510% MI - 65.00% Paid Off - 360 Feb-11-00
9631399 3 10.685% OH - 90.00% Paid Off - 360 Jan-31-00
9640835 3 15.125% FL - 70.00% Paid Off - 360 Feb-24-00
9667466 3 10.450% MN - 95.00% Paid Off - 360 May-16-00
9673024 3 11.825% MI - 24.40% Paid Off - 360 May-26-00
9678204 3 14.375% SC - 65.00% Paid Off - 360 Jun-06-00
9680136 3 9.405% CA - 80.00% Paid Off - 360 Jun-15-00
9688188 3 14.905% KY - 65.00% Paid Off - 360 Aug-31-00
9689796 3 10.500% CA - 95.00% Paid Off - 360 Jul-10-00
9754695 3 10.500% MN - 75.00% Paid Off - 360 Feb-09-00
--------------------------------------------------------------------------------
Page 21 of 27
<PAGE>
<CAPTION>
--------------------------------------------------------------------------------
Loan Number Original
& Loan Principal Prepayment Prepayment
Loan Group Status Balance Amount Date
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
9802347 3 121,500.00 121,458.53 Oct-31-00
9808701 3 44,240.00 44,240.00 Oct-16-00
--------------------------------------------------------------------------------
<CAPTION>
--------------------------------------------------------------------------------
Loan Number Current State &
& Note LTV at Original Origination
Loan Group Rate Origination Term Date
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
9802347 3 11.200% MA - 90.00% Paid Off - 360 Jul-27-00
9808701 3 10.750% MN - 80.00% Paid Off - 360 Aug-10-00
--------------------------------------------------------------------------------
</TABLE>
Page 22 of 27
<PAGE>
REALIZED LOSS REPORT FOR NOVEMBER 27, 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
- - - -
Collateral Realized Loss/(Gain) Amount
- - - -
Net Liquidation Proceeds
- - - -
CUMULATIVE
Number of Loans Liquidated
- - - -
Collateral Realized Loss/(Gain) Amount
- - - -
Net Liquidation Proceeds
- - - -
Note: Collateral realized losses may include adjustments
to loans liquidated in prior periods.
Loss Percentage 0.0000% 0.0000% 0.0000% 0.0000%
Annualized Loss Percentage 0.0000% 0.0000% 0.0000% 0.0000%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
[KEY] [KEY]
COLLATERAL LOSS SEVERITY COLLATERAL LOSS SEVERITY
APPROXIMATION BY GROUPS APPROXIMATION
[GRAPH] [GRAPH]
Page 23 of 27
<PAGE>
<TABLE>
<CAPTION>
DEFAULT SPEEDS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MDR 0.00% 0.00% 0.00% 0.00%
3 Months Avg MDR
12 Months Avg MDR
Avg MDR Since Cut-off 0.00% 0.00% 0.00% 0.00%
CDR 0.00% 0.00% 0.00% 0.00%
3 Months Avg CDR
12 Months Avg CDR
Avg CDR Since 0.00% 0.00% 0.00% 0.00%
Cut-off
SDA 0.00% 0.00% 0.00% 0.00%
3 Months Avg SDA Approximation
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation 0.00% 0.00% 0.00% 0.00%
Loss Severity Approximation for Current Period
3 Months Avg Loss Severity Approximation
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
[KEY]
CDR BY GROUPS TOTAL CDR
[GRAPH] [GRAPH]
SDA BY GROUPS TOTAL SDA
[GRAPH] [GRAPH]
Page 24 of 27
<PAGE>
[KEY]
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]
<TABLE>
<CAPTION>
<S><C>
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.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 25 of 27
<PAGE>
--------------------------------------------------------------------------------
REALIZED LOSS DETAIL REPORT - LOANS LIQUIDATED DURING CURRENT DISTRIBUTION
--------------------------------------------------------------------------------
SUMMARY LOAN GROUP
---------------------------------------- -----------------------------------
Total Loan Count = 0 Loan Group 1 = Fixed Group
Total Original Principal Balance = 0.00 Loan Group 2 = Adjustable 1 Group
Total Prior Principal Balance = 0.00 Loan Group 3 = Adjustable 2 Group
Total Realized Loss Amount = 0.00 Loan Group 3 = Adjustable 2 Group
Total Net Liquidation Proceeds = 0.00
---------------------------------------- -----------------------------------
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
Loan Number Original Prior
& Loan Principal Principal Realized
Loan Group Status Balance Balance Loss/(Gain)
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
--------------------------------------------------------------------------------
<CAPTION>
--------------------------------------------------------------------------------
Loan Number Current State &
& Note LTV at Original Origination
Loan Group Rate Origination Term Date
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
--------------------------------------------------------------------------------
</TABLE>
Page 26 of 27
<PAGE>
TRIGGERS, ADJ. RATE CERT. AND
MISCELLANEOUS REPORT FOR NOVEMBER 27, 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
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
------------------------------------------------------------------------------------------------------------------------------------
</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
