<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
JULY 17, 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
-----------------------------------------------------------------------------------------------------
<CAPTION>
CONTACTS
-----------------------------------------------------------------------------------------------------
<S><C>
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>
<TABLE>
<CAPTION>
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: July 17, 2000
Greenwich Capital Markets, Inc. Co-Lead Underwriter Record Date: July 14, 2000
Lehman Brothers Securities Corporation Co-Lead Underwriter June 30, 2000
-----------------------------------------------------------------------------------------------------------------------------------
Page 1 of 27
</TABLE>
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
-------------------------------------------------------------------------------------------------------------------------
Prior
Class Original Principal Total
Class Type Face Value Balance Interest Principal Distribution
-------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)=(2)+(3)
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-F 229,500,000.00 214,075,226.60 1,353,847.41 3,346,200.29 4,700,047.70
A-V1 155,000,000.00 143,669,431.00 899,211.01 2,202,159.25 3,101,370.26
A-V2 15,500,000.00 13,899,187.28 87,734.76 603,625.92 691,360.68
C 3,494,923.86 8,044,660.88 - - -
R-II - - 843.79 - 843.79
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.86 379,688,505.76 2,341,636.97 6,151,985.46 8,493,622.43
-------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------
Current
Realized Deferred Principal
Class Losses Interest Balance
-----------------------------------------------------------------------
(5) (6) (7)=(1)-(3)-(5)+(6)
-----------------------------------------------------------------------
<S> <C> <C> <C>
A-F - - 210,729,026.31
A-V1 - - 141,467,271.75
A-V2 - - 13,295,561.36
C - 570,105.84 8,614,766.72
R-II - - -
-----------------------------------------------------------------------
-----------------------------------------------------------------------
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Total - 570,105.84 374,106,626.14
-----------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST ACCRUAL DETAIL CURRENT PERIOD FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE
------------------------------------------------------------------------------------------------------------------------
Orig. Principal Prior
Period Period (with Notional) Principal
Class Starting Ending Method Cusip Balance Balance Interest
------------------------------------------------------------------------------------------------------------------------
(1) (2)
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-F F-30/360 00253CFR3 229,500,000.00 932.789658 5.899117
A-V1 06/15/00 07/16/00 A-Act/360 00253CFS1 155,000,000.00 926.899555 5.801361
A-V2 06/15/00 07/16/00 A-Act/360 00253CFT9 15,500,000.00 896.721760 5.660307
C - 3,494,923.86 2,301.812916 -
R-II - - - -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------
Current
Total Principal
Class Principal Distribution Balance
------------------------------------------------------------------------
(3) (4)=(2)+(3) (5)
------------------------------------------------------------------------
<S> <C> <C> <C>
A-F 14.580393 20.479511 918.209265
A-V1 14.207479 20.008840 912.692076
A-V2 38.943608 44.603915 857.778152
C - - 2,464.936881
R-II - - -
------------------------------------------------------------------------
------------------------------------------------------------------------
------------------------------------------------------------------------
------------------------------------------------------------------------
Page 2 of 27
</TABLE>
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
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 11,278,198.15 17,033,325.58 1,737,648.11 18,770,973.69 30,049,171.84
A-V1 155,000,000.00 6,567,912.46 12,969,315.67 563,412.58 13,532,728.25 20,100,640.71
A-V2 15,500,000.00 660,033.99 2,149,883.46 54,555.19 2,204,438.65 2,864,472.64
C 3,494,923.86 - - - - -
R-II - 843.79 - - - 843.79
------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.86 18,506,988.39 32,152,524.71 2,355,615.88 34,508,140.59 53,015,128.98
------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------------------------------
Current
Realized Deferred Principal
Class Losses Interest Balance
---------------------------------------------------------------------
(7) (8) (9)=(1)-(5)-(7)+(8)
---------------------------------------------------------------------
<S> <C> <C> <C>
A-F - - 210,729,026.31
A-V1 - - 141,467,271.75
A-V2 - - 13,295,561.36
C - 5,119,842.86 8,614,766.72
R-II - - -
------------------------------------------------------------------
Total - 5,119,842.86 374,106,626.14
------------------------------------------------------------------
</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>
A-F 7.58900% 214,075,226.60 1,353,847.41 - - -
A-V1 7.04125% 143,669,431.00 899,211.01 - - -
A-V2 7.10125% 13,899,187.28 87,734.76 - - -
C 8,044,660.88 - - - -
R-II - - - - -
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Total 379,688,505.76 2,340,793.18 - - -
-------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------
Paid or Current
Optimal Deferred Unpaid
Class Interest Interest Interest
-------------------------------------------------------------------
(5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
-------------------------------------------------------------------
<S> <C> <C> <C>
A-F 1,353,847.41 1,353,847.41 -
A-V1 899,211.01 899,211.01 -
A-V2 87,734.76 87,734.76 -
C - 570,105.84 -
R-II - 843.79 -
-------------------------------------------------------------------
-------------------------------------------------------------------
-------------------------------------------------------------------
-------------------------------------------------------------------
Total 2,340,793.18 2,911,742.81 -
-------------------------------------------------------------------
Page 3 of 27
</TABLE>
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
--------------------------------------------------------------------------------------------------------------------------
Prior
Class Original Principal Total
Class Type Face Value Balance Interest Principal Distribution
--------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)=(2)+(3)
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LT-AF 22,950.00 21,407.52 139.77 334.62 474.39
LT-MF 232,971,973.85 219,583,420.50 1,720,423.39 2,979,149.92 4,699,573.31
LT-AV1 15,500.00 14,366.94 92.06 220.22 312.28
LT-MV1 154,984,500.00 145,932,187.88 1,146,047.61 1,955,010.37 3,101,057.98
LT-AV2 1,550.00 1,389.92 8.80 60.36 69.16
--------------------------------------------------------------------------------------------------------------------------
LT-MV2 15,498,450.00 14,115,684.43 113,870.44 577,421.08 691,291.52
R-I - - - - -
--------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.85 379,668,457.19 2,980,582.07 5,512,196.57 8,492,778.64
--------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------------------------------------
Current
Realized Deferred Principal
Class Losses Interest Balance
----------------------------------------------------------------
(5) (6) (7)=(1)-(3)-(5)+(6)
----------------------------------------------------------------
<S> <C> <C> <C>
LT-AF - - 21,072.90
LT-MF 73,750.45 36.68 216,530,556.81
LT-AV1 (0.01) - 14,146.73
LT-MV1 57,617.00 24.70 143,919,585.21
LT-AV2 - - 1,329.56
----------------------------------------------------------------
LT-MV2 - 2.61 13,538,265.96
R-I - - -
----------------------------------------------------------------
----------------------------------------------------------------
----------------------------------------------------------------
Total
131,367.44 63.99 374,024,957.17
----------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST ACCRUAL DETAIL CURRENT PERIOD FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE
-------------------------------------------------------------------------------------------------------------------------
Orig. Principal Prior
Period Period (with Notional) Principal
Class Starting Ending Method Cusip Balance Balance Interest
-------------------------------------------------------------------------------------------------------------------------
(1) (2)
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
LT-AF F-30/360 22,950.00 932.789542 6.090196
LT-MF F-30/360 232,971,973.85 942.531485 7.384680
06/15/00 07/16/00
LT-AV1 A-Act/360 15,500.00 926.899355 5.939355
LT-MV1 A-Act/360 154,984,500.00 941.592146 7.394595
06/15/00 07/16/00
LT-AV2 A-Act/360 1,550.00 896.722581 5.677419
-------------------------------------------------------------------------------------------------------------------------
LT-MV2 A-Act/360 15,498,450.00 910.780396 7.347214
R-I - - - -
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------
-------------------------------------------------------------
Current
Total Principal
Class Principal Distribution Balance
-------------------------------------------------------------
(3) (4)=(2)+(3) (5)
-------------------------------------------------------------
<S> <C> <C> <C>
LT-AF 14.580392 20.670588 918.209150
LT-MF 12.787589 20.172269 929.427490
LT-AV1 14.207742 20.147097 912.692258
LT-MV1 12.614232 20.008827 928.606314
LT-AV2 38.941935 44.619355 857.780645
-------------------------------------------------------------
LT-MV2 37.256699 44.603913 873.523866
R-I - - -
-------------------------------------------------------------
-------------------------------------------------------------
-------------------------------------------------------------
</TABLE>
Page 4 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
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>
LT-AF 22,950.00 1,148.34 1,703.33 173.77 1,877.10 3,025.44
LT-MF 232,971,973.85 13,987,670.05 14,320,676.91 1,737,799.44 16,058,476.35 30,046,146.40
LT-AV1 15,500.00 664.83 1,296.93 56.33 1,353.26 2,018.09
LT-MV1 154,984,500.00 9,313,957.76 10,220,972.23 563,692.58 10,784,664.81 20,098,622.57
LT-AV2 1,550.00 66.10 214.99 5.46 220.45 286.55
LT-MV2 15,498,450.00 906,697.05 1,906,323.21 53,889.58 1,960,212.79 2,866,909.84
R-I - 0.02 - - - 0.02
----------------------------------------------------------------------------------------------------------------------
Total 403,494,923.85 24,210,204.14 26,451,187.60 2,355,617.16 28,806,804.76 53,017,008.90
----------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------------------------
Current
Realized Deferred Principal
Class Losses Interest Balance
---------------------------------------------------------------
(7) (8) (9)=(1)-(5)-(7)+(8)
---------------------------------------------------------------
<S> <C> <C> <C>
LT-AF - - 21,072.90
LT-MF 383,211.79 271.10 216,530,556.81
LT-AV1 0.01 - 14,146.73
LT-MV1 280,524.69 274.70 143,919,585.21
LT-AV2 (0.01) - 1,329.56
LT-MV2 (4.35) 24.40 13,538,265.96
R-I - - -
---------------------------------------------------------------
Total 663,732.13 570.21 374,024,957.17
---------------------------------------------------------------
</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-AF 7.58900% 21,407.52 139.77 - - -
LT-MF 9.10676% 219,583,420.50 1,720,460.07 - - -
LT-AV1 7.04125% 14,366.94 92.06 - - -
LT-MV1 9.20510% 145,932,187.88 1,146,072.31 - - -
LT-AV2 7.10125% 1,389.92 8.80 - - -
----------------------------------------------------------------------------------------------------------------------
LT-MV2 9.04922% 14,115,684.43 113,873.05 - - -
R-I - - - - -
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
Total 379,668,457.19 2,980,646.06 - - -
----------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------
Paid or Current
Optimal Deferred Unpaid
Class Interest Interest Interest
-------------------------------------------------------------------
(5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
-------------------------------------------------------------------
<S> <C> <C> <C>
LT-AF 139.77 139.77 -
LT-MF 1,720,460.07 1,720,460.07 -
LT-AV1 92.06 92.06 -
LT-MV1 1,146,072.31 1,146,072.31 -
LT-AV2 8.80 8.80 -
-------------------------------------------------------------------
LT-MV2 113,873.05 113,873.05 -
R-I - - -
-------------------------------------------------------------------
-------------------------------------------------------------------
-------------------------------------------------------------------
Total 2,980,646.06 2,980,646.06 -
-------------------------------------------------------------------
Page 5 of 27
</TABLE>
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
-------------------------------------------------------------------------------------------------------------------------------
SUMMARY ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 577,478.83 1,955,205.89 2,979,447.86 5,512,132.58
Principal Withdrawals 0.00 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00 0.00
TOTAL NET PRINCIPAL 577,478.83 1,955,205.89 2,979,447.86 5,512,132.58
Interest Collections 125,097.47 1,284,517.62 1,903,584.13 3,313,199.22
Interest Withdrawals 0.00 (2,957.23) (5,199.79) (8,157.02)
Interest Other Accounts 0.00 0.00 0.00 0.00
Interest Fees (11,215.62) (134,552.23) (177,784.50) (323,552.35)
TOTAL NET INTEREST 113,881.85 1,147,008.16 1,720,599.84 2,981,489.85
TOTAL AVAILABLE FUNDS TO BONDHOLDERS 691,360.68 3,102,214.05 4,700,047.70 8,493,622.43
Capitalized Interest 0.00 0.00 0.00 0.00
TOTAL REMITANCE DUE FROM SERVICER 698,263.36 3,188,283.42 4,800,372.46 8,686,919.24
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - COLLECTIONS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Scheduled Principal 6,484.14 74,302.63 215,186.08 295,972.85
Curtailments 0.00 0.00 0.00 0.00
Prepayments in Full 570,994.69 1,609,614.32 2,623,744.93 4,804,353.94
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 328,905.93 214,267.30 543,173.23
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 (57,616.99) (73,750.45) (131,367.44)
Mortgage Replacement Amount 0.00 0.00 0.00 0.00
TOTAL PRINCIPAL COLLECTED 577,478.83 1,955,205.89 2,979,447.86 5,512,132.58
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - WITHDRAWALS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
<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
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
INTEREST - COLLECTIONS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Scheduled Interest 116,799.84 1,263,453.17 1,856,509.09 3,236,762.10
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 2,970.58 1,891.49 4,862.07
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 (32,889.75) (274,878.11) (305,391.24) (613,159.10)
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 31,320.58 262,549.90 291,348.96 585,219.44
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 9,866.80 29,578.29 59,225.83 98,670.92
Gain on Liquidation 0.00 843.79 0.00 843.79
TOTAL INTEREST COLLECTED 125,097.47 1,284,517.62 1,903,584.13 3,313,199.22
----------------------------------------------------------------------------------------------------------------------------------
Page 7 of 27
</TABLE>
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR JULY 17, 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 2,957.23 5,199.79 8,157.02
TOTAL INTEREST WITHDRAWLS 0.00 2,957.23 5,199.79 8,157.02
<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
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
INTEREST - FEES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current Servicing Fees 4,312.94 48,482.86 77,459.74 130,255.54
Back Up Servicing Fees 294.11 3,040.55 4,575.10 7,909.76
Certificate Insurance Premiums 2,664.01 27,536.64 41,031.09 71,231.74
Trustee Fees 0.00 0.00 0.00 0.00
PMI 3,944.56 55,492.18 54,718.57 114,155.31
TOTAL INTEREST OTHER FEES 11,215.62 134,552.23 177,784.50 323,552.35
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 8 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
CREDIT ENHANCEMENT REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
CREDIT ENHANCEMENT REPORT
--------------------------------------------------------------------------------------------------------------------------------
ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
INSURANCE ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Insurance Premium Due 2,664.01 27,536.64 41,031.09 71,231.74
Insurance Premium Paid 2,664.01 27,536.64 41,031.09 71,231.74
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
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
STRUCTURAL FEATURES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Extra Principal Distribution Amt 26,147.09 246,953.36 366,752.43 639,852.88
Overcollateralization Amount 244,034.16 2,466,460.19 5,822,603.40 8,533,097.75
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 479,612.93 4,755,493.17 5,028,920.60 10,264,026.70
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 9 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR JULY 17, 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 50 1,762 3,209 5,021
Prefunding - - - -
Scheduled Paid Offs - - - -
Full Voluntary Prepayments (2) (24) (46) (72)
Repurchases - - - -
Liquidations - (4) (5) (9)
------------------------------------------------------------------------------------------------------------------------------
Current 48 1,734 3,158 4,940
PRINCIPAL BALANCE:
Original 12,355,122.19 140,132,704.74 204,775,276.64 357,263,103.57
Prior 14,117,074.35 145,946,554.82 219,604,828.02 379,668,457.19
Prefunding - - - -
Scheduled Principal (6,484.14) (74,302.63) (215,186.08) (295,972.85)
Partial and Full Voluntary Prepayments (570,994.69) (1,609,614.32) (2,623,744.93) (4,804,353.94)
Repurchases - - - -
------------------------------------------------------------------------------------------------------------------------------
Liquidations - (328,905.93) (214,267.30) (543,173.23)
Current 13,539,595.52 143,933,731.94 216,551,629.71 374,024,957.17
-----------------------------------------------------------------------------------------------------------------------------------
<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>
CURRENT PRIN BALANCE BY GROUPS (IN MILLIONS OF DOLLARS)
[GRAPH]
TOTAL CURRENT PRINCIPAL BALANCE (IN MILLIONS OF DOLLARS)
[GRAPH]
Page 10 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
-------------------------------------------------------------------------------------------------------------------------------
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 9.890483% 10.406720% 10.160725% 10.244793%
Weighted Average Coupon Current 9.928389% 10.412774% 10.154971% 10.245647%
--------------------------------------------------------------------------------------------------------------------------
Weighted Average Months to Maturity Original 358 357 324 338
Weighted Average Months to Maturity Prior 352 351 318 332
Weighted Average Months to Maturity Current 351 350 317 331
--------------------------------------------------------------------------------------------------------------------------
Weighted Avg Remaining Amortization Term Original 358 357 325 339
Weighted Avg Remaining Amortization Term Prior 353 351 319 332
Weighted Avg Remaining Amortization Term Current 352 350 318 331
--------------------------------------------------------------------------------------------------------------------------
Weighted Average Seasoning Original 1.75 1.69 1.86 1.79
Weighted Average Seasoning Prior 7.19 7.49 7.59 7.54
Weighted Average Seasoning Current 8.18 8.49 8.59 8.54
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
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>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
-------------------------------------------------------------------------------------------------------------------------------
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% 5.914%
Weighted Average Margin Current 5.865% 5.912%
--------------------------------------------------------------------------------------------------------------------------
Weighted Average Max Rate Original 15.848% 16.424% 10.137%
Weighted Average Max Rate Prior 15.944% 16.451% 10.161%
Weighted Average Max Rate Current 15.906% 16.438% 10.155%
--------------------------------------------------------------------------------------------------------------------------
Weighted Average Min Rate Original 9.821% 10.357% 10.137%
Weighted Average Min Rate Prior 9.909% 10.391% 10.098%
Weighted Average Min Rate Current 9.869% 10.379% 10.093%
--------------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Up Original 2.026% 2.026%
Weighted Average Cap Up Prior 2.035% 2.024%
Weighted Average Cap Up Current 2.037% 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 2.037% 2.024%
-------------------------------------------------------------------------------------------------------------------------------
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
<CAPTION>
SERVICING FEES / ADVANCES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current Servicing Fees 4,312.94 48,482.86 77,459.74 130,255.54
Delinquent Servicing Fees 1,569.17 12,328.20 14,042.28 27,939.65
TOTAL SERVICING FEES 5,882.11 60,811.06 91,502.02 158,195.19
Total Servicing Fees 5,882.11 60,811.06 91,502.02 158,195.19
Compensating Interest 0.00 0.00 0.00 0.00
Delinquent Servicing Fees (1,569.17) (12,328.20) (14,042.28) (27,939.65)
COLLECTED SERVICING FEES 4,312.94 48,482.86 77,459.74 130,255.54
Prepayment Interest Shortfall 0.00 0.00 0.00 0.00
Total Advanced Interest 31,320.58 262,549.90 291,348.96 585,219.44
-------------------------------------------------------------------------------------------------------------------------------
<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 JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - TOTAL
---------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 8,822,809.13 1,255,078.14 702,272.32 10,780,159.59
% Balance 2.36% 0.34% 0.19% 2.88%
# Loans 107 19 15 141
% # Loans 2.17% 0.38% 0.30% 2.85%
---------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 198,790.02 657,103.40 2,833,593.64 17,939,441.27 21,628,928.33
% Balance 0.05% 0.18% 0.76% 4.80% 5.78%
# Loans 3 9 42 234 288
% # Loans 0.06% 0.18% 0.85% 4.74% 5.83%
---------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 1,037,273.79 31,123.66 180,764.37 649,018.05 1,898,179.87
% Balance 0.28% 0.01% 0.05% 0.17% 0.51%
# Loans 8 1 3 9 21
% # Loans 0.16% 0.02% 0.06% 0.18% 0.43%
---------------------------------------------------------------------------------------------------------------------------------
REO Balance 347,854.68 - - 774,281.29 1,122,135.97
% Balance 0.09% 0.00% 0.00% 0.21% 0.30%
# Loans - - - 15 15
% # Loans 0.00% 0.00% 0.00% 0.30% 0.30%
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 1,583,918.49 9,511,036.19 4,269,436.15 20,065,012.93 35,429,403.76
% Balance 0.42% 2.54% 1.14% 5.36% 9.47%
# Loans 11 117 64 273 465
% # Loans 0.22% 2.37% 1.30% 5.53% 9.41%
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT = 30-59DAYS, 2 PAYMENTS = 60-89DAYS,
3+ PAYMENTS = 90+
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>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - FIXED GROUP
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 4,970,308.52 619,683.37 429,902.55 6,019,894.44
% Balance 2.30% 0.29% 0.20% 2.78%
# Loans 62 10 11 83
% # Loans 1.96% 0.32% 0.35% 2.63%
-----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 31,024.80 195,735.37 1,083,382.09 7,438,773.68 8,748,915.94
% Balance 0.01% 0.09% 0.50% 3.44% 4.04%
# Loans 1 3 16 120 140
% # Loans 0.03% 0.09% 0.51% 3.80% 4.43%
-----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 529,983.89 31,123.66 - 256,206.08 817,313.63
% Balance 0.24% 0.01% 0.00% 0.12% 0.38%
# Loans 5 1 - 5 11
% # Loans 0.16% 0.03% 0.00% 0.16% 0.35%
-----------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 287,684.84 287,684.84
% Balance 0.00% 0.00% 0.00% 0.13% 0.13%
# Loans - - - 7 7
% # Loans 0.00% 0.00% 0.00% 0.22% 0.22%
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 561,008.69 5,197,167.55 1,703,065.46 8,412,567.15 15,873,808.85
% Balance 0.26% 2.40% 0.79% 3.88% 7.33%
# Loans 6 66 26 143 241
% # Loans 0.19% 2.09% 0.82% 4.53% 7.63%
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT = 30-59DAYS, 2 PAYMENTS = 60-89DAYS,
3+ PAYMENTS = 90+
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>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE 1 GROUP
------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 3,852,500.61 635,394.77 272,369.77 4,760,265.15
% Balance 2.68% 0.44% 0.19% 3.31%
# Loans 45 9 4 58
% # Loans 2.60% 0.52% 0.23% 3.34%
------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 167,765.22 461,368.03 1,750,211.55 9,193,623.74 11,572,968.54
% Balance 0.12% 0.32% 1.22% 6.39% 8.04%
# Loans 2 6 26 109 143
% # Loans 0.12% 0.35% 1.50% 6.29% 8.25%
------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 159,435.22 - 180,764.37 392,811.97 733,011.56
% Balance 0.11% 0.00% 0.13% 0.27% 0.51%
# Loans 2 - 3 4 9
% # Loans 0.12% 0.00% 0.17% 0.23% 0.52%
------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 486,596.45 486,596.45
% Balance 0.00% 0.00% 0.00% 0.34% 0.34%
# Loans - - - 8 8
% # Loans 0.00% 0.00% 0.00% 0.46% 0.46%
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 327,200.44 4,313,868.64 2,566,370.69 10,345,401.93 17,552,841.70
% Balance 0.23% 3.00% 1.78% 7.19% 12.20%
# Loans 4 51 38 125 218
% # Loans 0.23% 2.94% 2.19% 7.21% 12.57%
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS,
3+ PAYMENTS = 90+
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 15 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE 2 GROUP
--------------------------------------------------------------------------------------------------------------------------------
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 - - - 1,307,043.85 1,307,043.85
% Balance 0.00% 0.00% 0.00% 9.65% 9.65%
# Loans - - - 5 5
% # Loans 0.00% 0.00% 0.00% 10.42% 10.42%
--------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 347,854.68 - - - 347,854.68
% Balance 2.57% 0.00% 0.00% 0.00% 2.57%
# Loans 1 - - - 1
% # Loans 2.08% 0.00% 0.00% 0.00% 2.08%
--------------------------------------------------------------------------------------------------------------------------------
REO Balance 347,854.68 - - - 347,854.68
% Balance 2.57% 0.00% 0.00% 0.00% 2.57%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 695,709.36 - - 1,307,043.85 2,002,753.21
% Balance 5.14% 0.00% 0.00% 9.65% 14.79%
# Loans 1 - - 5 6
% # Loans 2.08% 0.00% 0.00% 10.42% 12.50%
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS,
3+ PAYMENTS = 90+
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
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REO REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
REO REPORT - MORTGAGE LOANS THAT BECOME REO DURING CURRENT DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
------------------------------------------------------------------------------------------------------------------------------------
<S> <C>
Total Loan Count = 5 Loan Group 1 = Fixed Group; REO Book Value = Not Available
Total Original Principal Balance = 249,050.00 Loan Group 2 = Adjustable 1 Group; REO Book Value = Not Available
Total Current Balance = 248,951.13 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
------------------------------------------------------------------------------------------------------------------------------------
REO Book Value reported corresponds to total REO loans, including loans that
become REO during current distribution.
</TABLE>
<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>
9536264 1 46,500.00 46,500.00 Aug-01-99 10.980% FL - 75.00% 360 Jul-20-99
9557628 1 29,250.00 29,240.77 Aug-01-99 12.260% MO - 66.47% 360 Jun-04-99
9564438 1 55,200.00 55,182.90 Nov-01-99 11.640% MS - 80.00% 360 Sep-22-99
9578234 1 68,600.00 68,570.42 Dec-01-99 10.120% GA - 70.00% 360 Oct-18-99
9571965 2 49,500.00 49,457.04 Jan-01-00 10.110% TN - 90.00% 360 Oct-06-99
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 17 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
-------------------------------------------------------------------------------------------------------------------------------
VOLUNTARY PREPAYMENTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CURRENT
Number of Paid in Full Loans 2 24 46 72
Number of Repurchased Loans - - - -
---------------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 2 24 46 72
Paid in Full Balance 570,994.69 1,609,614.32 2,623,744.93 4,804,353.94
Repurchased Loans Balance - - - -
Curtailments Amount - - - -
---------------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 570,994.69 1,609,614.32 2,623,744.93 4,804,353.94
CUMULATIVE
Number of Paid in Full Loans 7 129 248 384
Number of Repurchased Loans - - - -
---------------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 7 129 248 384
Paid in Full Balance 1,906,526.48 9,891,148.14 14,104,415.45 25,902,090.07
Repurchased Loans Balance - - - -
Curtailments Amount (900.31) (113,370.91) (12,674.55) (126,945.77)
---------------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 1,905,626.17 9,777,777.23 14,091,740.90 25,775,144.30
SPACE INTENTIONALLY LEFT BLANK
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C>
TOTAL PREPAYMENTS BY GROUPS (IN THOUSANDS OF DOLLARS) TOTAL PREPAYMENTS (IN THOUSANDS OF DOLLARS)
[GRAPH] [GRAPH]
</TABLE>
Page 18 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
------------------------------------------------------------------------------------------------------------------------------
ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SMM 4.05% 1.10% 1.20% 1.27%
3 Months Avg SMM 2.62% 1.19% 1.05% 1.16%
12 Months Avg SMM
Avg SMM Since Cut-off 1.63% 0.82% 0.79% 0.83%
CPR 39.08% 12.47% 13.44% 14.18%
3 Months Avg CPR 27.27% 13.41% 11.86% 13.08%
12 Months Avg CPR
Avg CPR Since Cut-off 17.92% 9.42% 9.04% 9.54%
PSA 2389.02% 734.13% 782.68% 830.70%
3 Months Avg PSA Approximation 1890.14% 895.11% 781.57% 867.81%
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 1856.70% 938.21% 881.84% 939.99%
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C>
CPR by Groups TOTAL CPR
[GRAPH] [GRAPH]
PSA BY GROUPS TOTAL PSA
[GRAPH] [GRAPH]
</TABLE>
Page 19 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
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
------------------------------------------------------------------------------------------------------------------------------------
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
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
-----------------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
-------------------------------------------------------------- ----------------------------------------------------
<S> <C>
Total Loan Count = 72 Loan Group 1 = Fixed Group
Total Original Principal Balance = 4,833,300.00 Loan Group 2 = Adjustable 1 Group
Total Prepayment Amount = 4,804,353.94 Loan Group 3 = Adjustable 2 Group
Loan Group 3 = Adjustable 2 Group
-------------------------------------------------------------- ----------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Current State & Type Prepayment
& Loan Principal Prepayment Prepayment Note LTV at & Origination
Loan Group Status Balance Amount Date Rate Origination Original Term Date
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
7293097 1 99,000.00 96,463.34 Jun-29-00 10.000% MN - 90.00% Paid Off - 180 Jun-16-99
7611005 1 14,500.00 13,899.59 Jun-07-00 11.700% IN - 19.33% Paid Off - 120 Jun-28-99
7628102 1 28,000.00 27,411.90 Jun-28-00 10.750% MI - 62.22% Paid Off - 180 Jun-18-99
7638507 1 35,000.00 34,156.07 Jun-16-00 9.200% GA - 46.66% Paid Off - 180 Jul-23-99
7642679 1 52,500.00 52,365.70 Jun-23-00 12.000% MI - 70.00% Paid Off - 360 Aug-09-99
7645600 1 129,700.00 128,324.41 Jun-12-00 9.900% MD - 74.97% Paid Off - 360 Oct-13-99
7647697 1 49,000.00 48,204.06 Jun-23-00 13.550% MI - 40.49% Paid Off - 180 Jul-19-99
7648189 1 22,400.00 22,128.67 Jun-29-00 15.330% IL - 19.47% Paid Off - 180 Jul-28-99
7648421 1 69,750.00 69,563.01 Jun-12-00 12.000% MI - 75.00% Paid Off - 360 Jul-26-99
7648952 1 23,800.00 23,729.92 Jun-19-00 11.000% OK - 70.00% Paid Off - 360 Aug-18-99
7668198 1 26,000.00 25,917.47 Jun-29-00 10.650% OH - 22.03% Paid Off - 360 Aug-30-99
7668503 1 30,000.00 29,652.78 Jun-22-00 11.200% AZ - 40.00% Paid Off - 240 Aug-30-99
7671385 1 18,000.00 17,936.38 Jun-20-00 10.150% MI - 46.15% Paid Off - 360 Aug-30-99
7676301 1 100,000.00 99,668.61 Jun-22-00 10.450% CA - 28.98% Paid Off - 360 Aug-31-99
7679548 1 28,500.00 28,012.88 Jun-13-00 10.150% NY - 29.08% Paid Off - 180 Sep-13-99
7679882 1 66,000.00 64,743.87 Jun-29-00 8.950% PA - 79.51% Paid Off - 180 Sep-09-99
7679904 1 60,000.00 59,850.93 Jun-27-00 11.150% NC - 30.00% Paid Off - 360 Sep-16-99
7681968 1 21,700.00 21,358.98 Jun-16-00 11.950% AZ - 16.82% Paid Off - 180 Sep-13-99
7684991 1 55,800.00 54,661.13 Jun-12-00 9.700% OR - 37.70% Paid Off - 180 Sep-29-99
7690622 1 27,500.00 26,440.68 Jun-05-00 8.250% CA - 21.82% Paid Off - 120 Sep-28-99
7690991 1 40,000.00 39,378.95 Jun-13-00 9.450% TX - 76.92% Paid Off - 180 Oct-14-99
7697112 1 68,000.00 67,842.91 Jun-02-00 10.750% CA - 68.00% Paid Off - 360 Oct-19-99
7701543 1 35,000.00 34,929.23 Jun-27-00 10.500% TX - 40.22% Paid Off - 360 Nov-08-99
7705891 1 79,000.00 78,637.25 Jun-16-00 9.200% CA - 84.94% Paid Off - 360 Oct-19-99
7719051 1 30,500.00 30,199.20 Jun-22-00 9.900% NC - 36.52% Paid Off - 180 Nov-10-99
9502513 1 68,000.00 67,718.54 Jun-02-00 9.390% FL - 80.00% Paid Off - 360 Aug-13-99
9502807 1 18,900.00 18,863.56 Jun-23-00 12.310% MI - 70.00% Paid Off - 360 Aug-04-99
9518703 1 29,250.00 29,212.40 Jun-02-00 14.120% IN - 65.00% Paid Off - 360 Aug-25-99
9521496 1 95,250.00 94,762.17 Jun-07-00 8.350% UT - 75.00% Paid Off - 360 Aug-12-99
9523944 1 63,750.00 63,545.82 Jun-19-00 11.690% IN - 75.00% Paid Off - 360 Jul-12-99
9529187 1 40,000.00 39,894.90 Jun-30-00 10.890% LA - 78.43% Paid Off - 360 Sep-01-99
9533818 1 84,800.00 84,664.57 Jun-28-00 14.420% MI - 64.98% Paid Off - 360 Jul-16-99
9534962 1 39,000.00 38,882.77 Jun-30-00 12.410% FL - 60.00% Paid Off - 360 Jul-26-99
9536558 1 47,100.00 46,936.16 Jun-14-00 10.220% MI - 64.96% Paid Off - 360 Aug-17-99
9537678 1 161,500.00 160,680.10 Jun-23-00 8.990% CA - 95.00% Paid Off - 360 Jul-01-99
9546154 1 19,500.00 19,273.52 Jun-30-00 14.420% LA - 65.00% Paid Off - 180 Aug-31-99
9561439 1 67,200.00 66,960.94 Jun-20-00 10.690% FL - 64.61% Paid Off - 360 Jul-19-99
9562257 1 113,000.00 112,611.44 Jun-15-00 9.620% NY - 42.16% Paid Off - 360 Aug-23-99
9566465 1 21,000.00 20,859.08 Jun-02-00 11.620% MS - 28.00% Paid Off - 360 Sep-28-99
9589554 1 31,000.00 30,361.17 Jun-19-00 9.620% NY - 37.85% Paid Off - 360 Nov-03-99
9701001 1 180,000.00 179,155.73 Jun-29-00 8.125% CA - 72.00% Paid Off - 360 Sep-30-99
9707247 1 104,000.00 103,769.72 Jun-07-00 8.990% IL - 47.27% Paid Off - 360 Oct-05-99
9726683 1 68,800.00 68,466.75 Jun-07-00 8.625% NV - 80.00% Paid Off - 360 Aug-25-99
9727744 1 70,000.00 69,744.92 Jun-19-00 10.000% IA - 70.00% Paid Off - 360 Aug-27-99
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 21 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
-----------------------------------------------------------------------------------------------------------------------------------
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>
9741100 1 37,500.00 37,287.44 Jun-16-00 13.875% CA - 20.16% Paid Off - 240 Sep-07-99
9748946 1 74,800.00 74,615.31 Jun-02-00 11.400% MI - 85.00% Paid Off - 360 Sep-29-99
1474421 2 104,990.00 104,618.28 Jun-28-00 10.900% NJ - 69.99% Paid Off - 360 Jul-23-99
1478346 2 112,490.00 111,921.07 Jun-30-00 9.690% CO - 74.49% Paid Off - 360 Sep-17-99
1488473 2 146,250.00 146,026.44 Jun-28-00 11.790% WA - 69.99% Paid Off - 360 Oct-29-99
9516751 2 63,000.00 62,904.57 Jun-09-00 13.390% CO - 59.43% Paid Off - 360 Aug-04-99
9520791 2 25,350.00 25,275.58 Jun-09-00 11.070% MS - 65.00% Paid Off - 360 Aug-11-99
9527672 2 56,000.00 55,915.33 Jun-02-00 13.400% WI - 70.00% Paid Off - 360 Aug-31-99
9527915 2 43,200.00 43,048.58 Jun-29-00 10.760% WV - 88.16% Paid Off - 360 Jul-22-99
9528385 2 47,920.00 47,753.32 Jun-30-00 10.220% PA - 79.86% Paid Off - 360 Sep-02-99
9534482 2 163,800.00 162,393.80 Jun-09-00 9.810% SC - 86.66% Paid Off - 360 Jul-30-99
9534644 2 29,000.00 28,968.86 Jun-20-00 15.020% NC - 46.03% Paid Off - 360 Sep-13-99
9534717 2 42,000.00 41,866.96 Jun-19-00 10.660% TN - 75.00% Paid Off - 360 Aug-30-99
9536183 2 36,000.00 35,477.52 Jun-08-00 13.770% SC - 50.00% Paid Off - 180 Jul-30-99
9536744 2 67,500.00 67,314.14 Jun-22-00 12.370% OH - 75.00% Paid Off - 360 Aug-27-99
9542809 2 FCL 30,000.00 29,964.50 Jun-02-00 12.940% ME - 42.85% Paid Off - 360 Aug-26-99
9545018 2 24,700.00 24,368.79 Jun-21-00 14.270% LA - 57.17% Paid Off - 180 Aug-27-99
9547746 2 225,250.00 224,370.36 Jun-23-00 9.670% NY - 85.00% Paid Off - 360 Aug-31-99
9554165 2 35,500.00 35,303.89 Jun-22-00 7.980% TN - 63.39% Paid Off - 360 Sep-16-99
9564241 2 28,000.00 27,918.70 Jun-09-00 10.420% NE - 80.00% Paid Off - 360 Sep-20-99
9567208 2 107,350.00 106,833.51 Jun-02-00 9.990% FL - 95.00% Paid Off - 360 Sep-29-99
9568654 2 63,000.00 62,826.10 Jun-19-00 10.660% SC - 71.59% Paid Off - 360 Sep-29-99
9578099 2 45,500.00 45,459.50 Jun-16-00 15.020% WV - 65.00% Paid Off - 360 Oct-19-99
9585508 2 62,300.00 62,209.33 Jun-28-00 13.200% KY - 70.00% Paid Off - 360 Oct-29-99
9587209 2 34,450.00 34,393.78 Jun-02-00 11.490% TN - 65.00% Paid Off - 360 Nov-03-99
9591591 2 22,500.00 22,481.41 Jun-20-00 14.520% WI - 50.00% Paid Off - 360 Nov-02-99
9514821 3 312,000.00 310,532.80 Jun-30-00 8.770% WA - 80.00% Paid Off - 360 Aug-25-99
9535691 3 261,250.00 260,461.89 Jun-29-00 9.490% OR - 80.31% Paid Off - 360 Sep-08-99
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 22 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REALIZED LOSSES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CURRENT
Number of Loans Liquidated - 4 5 9
Collateral Realized Loss/(Gain) Amount - 57,616.99 73,750.45 131,367.44
Net Liquidation Proceeds - 271,288.94 140,516.85 411,805.79
CUMULATIVE
Number of Loans Liquidated - 13 17 30
Collateral Realized Loss/(Gain) Amount - 280,586.32 383,265.79 663,852.11
Net Liquidation Proceeds - 443,337.10 229,121.65 672,458.75
Note: Collateral realized losses may include adjustments to loans liquidated in prior periods.
Loss Percentage 0.0000% 0.1805% 0.1645% 0.3450%
Annualized Loss Percentage 0.0000% 0.1805% 0.1645% 0.3450%
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
COLLATERAL LOSS SEVERITY COLLATERAL LOSS
APPROXIMATION BY GROUPS SEVERITY APPROXIMATION
[GRAPH] [GRAPH]
Page 23 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
------------------------------------------------------------------------------------------------------------------------------
DEFAULT SPEEDS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MDR 0.00% 0.23% 0.10% 0.14%
3 Months Avg MDR 0.00% 0.14% 0.07% 0.09%
12 Months Avg MDR
Avg MDR Since Cut-off 0.00% 0.06% 0.03% 0.04%
CDR 0.00% 2.67% 1.16% 1.70%
3 Months Avg CDR 0.00% 1.69% 0.81% 1.12%
12 Months Avg CDR
Avg CDR Since Cut-off 0.00% 0.73% 0.41% 0.52%
SDA 0.00% 15.73% 6.78% 9.98%
3 Months Avg SDA Approximation 0.00% 11.27% 5.33% 7.42%
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation 0.00% 7.28% 4.01% 5.11%
Loss Severity Approximation for Current Period 17.52% 34.42% 24.19%
3 Months Avg Loss Severity Approximation 46.65% 63.20% 52.24%
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off 67.99% 72.43% 67.54%
------------------------------------------------------------------------------------------------------------------------------
</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 JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
-------------------------------------------------------------------------------------------------------------------------
<S><C>
CDR AVG SINCE CUT-OFF BY GROUPS
[GRAPH]
TOTAL CDR AVG SINCE CUT-OFF
[GRAPH]
SDA AVG SINCE CUT-OFF BY GROUPS
[GRAPH]
TOTAL SDA AVG SINCE CUT-OFF
[GRAPH]
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
----------------------------------------------------------------------------------------------------------------------
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS < 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 < 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
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS DETAIL REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS DETAIL REPORT - LOANS LIQUIDATED DURING CURRENT DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
---------------------------------------------------------------- -------------------------------------------------------
<S> <C>
Total Loan Count = 9 Loan Group 1 = Fixed Group
Total Original Principal Balance = 544,200.00 Loan Group 2 = Adjustable 1 Group
Total Prior Principal Balance = 543,173.23 Loan Group 3 = Adjustable 2 Group
Total Realized Loss Amount = 131,367.44 Loan Group 3 = Adjustable 2 Group
Total Net Liquidation Proceeds = 411,805.79
---------------------------------------------------------------- -------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Prior Current State &
& Loan Principal Principal Realized Note LTV at Original Origination
Loan Group Status Balance Balance Loss/(Gain) Rate Origination Term Date
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
7645716 1 24,300.00 24,296.28 - 14.750% FL - 64.80% 360 Aug-03-99
7685076 1 12,500.00 12,478.01 - 13.350% MN - 16.02% 180 Oct-12-99
7711948 1 16,000.00 15,985.81 - 11.900% MI - 64.00% 360 Nov-05-99
9572716 1 FLC 44,100.00 43,922.07 - 11.970% GA - 70.00% 180 Oct-01-99
9728791 1 FLC 118,000.00 117,585.13 - 8.750% OR - 73.29% 360 Sep-13-99
9568549 2 FLC 72,800.00 72,775.80 - 12.320% WV - 70.00% 360 Oct-04-99
9571515 2 26,200.00 26,188.13 - 9.890% MI - 74.85% 360 Oct-05-99
9575901 2 22,050.00 21,938.18 - 9.500% OK - 70.00% 180 Oct-22-99
9582096 2 FLC 208,250.00 208,003.82 - 10.580% FL - 85.00% 360 Oct-19-99
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 26 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS
REPORT FOR JULY 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT
--------------------------------------------------------------------------------------------------------------------------
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
