<PAGE>
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
MARCH 15, 2000
AAMES CAPITAL CORPORATION
----------------------------------------------------------------
(Exact name of Registrant as specified in its charter)
333-46893-01
CALIFORNIA 333-64903-01 95-4438859
---------- ------------ ----------
(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file numbers) identification no.)
350 SOUTH GRAND AVENUE
LOS ANGELES, CALIFORNIA 90071
- ---------------------------------------- --------------
(Address of principal executive offices) (ZIP Code)
(213) 210-5000
--------------------------------------------------
Registrant's telephone number, including area code
NA
-------------------------------------------------------------
(Former name or former address, if changed since last report)
================================================================================
<PAGE>
Item 7. FINANCIAL STATEMENTS; PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
20.1 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1991-1 - Statement to Certificateholders
20.2 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1991-2 - Statement to Certificateholders
2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
AAMES CAPITAL CORPORATION
By: /s/ Ralph W. Flick
--------------------------------
Ralph W. Flick
Assistant Secretary
Dated: March 15, 2000
3
<PAGE>
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit
- -------
<S> <C>
20.1 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1991-1 - Statement to Certificateholders
20.2 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1991-2 - Statement to Certificateholders
</TABLE>
4
<PAGE>
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
MARCH 15, 2000 DISTRIBUTION
- -------------------------------------------------------------------------------
CONTENTS
- -------------------------------------------------------------------------------
TABLE OF CONTENTS
---------------------------------------------------------------------------
<TABLE>
<CAPTION>
Page
----
<S> <C>
1. Contents 1
2. Certificate Payment Report 2
3. Collection Account Report 6
4. Credit Enhancement Report 9
5. Collateral Report 10
6. Delinquency Report 13
7. REO Report 16
8. Prepayment Report 17
9. Prepayment Detail Report 20
10. Realized Loss Report 22
11. Realized Loss Detail Report 25
12. Triggers, Adj. Rate Cert. and Miscellaneous Report 26
---------
Total Number of Pages 26
---------------------------------------------------------------------------
</TABLE>
CONTACTS
---------------------------------------------------------------------------
Administrator: David C. West
Direct Phone Number: (714)247-6287
Address: Deutsche Bank
1761 E. St. Andrew Place, Santa Ana, CA 92705
Web Site: http://www-apps.gis.deutsche-bank.com/invr
Factor Information: (800) 735-7777
Main Phone Number: (714) 247-6000
---------------------------------------------------------------------------
<TABLE>
<CAPTION>
ISSUANCE INFORMATION
- ------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C>
Seller: Aames Capital Corporation Cut-Off Date: July 1, 1999
Certificate Insurer: Financial Security Assurance Inc. Closing Date: August 5, 1999
Servicer(s): Aames Capital Corporation Master Servicer First Payment Date: August 16, 1999
Fairbanks Capital Corp. Back-Up Servicer
Underwriter(s): Lehman Brothers Securities Corporation Lead Underwriter Distribution Date: March 15, 2000
Banc Of America Securities LLC Co-Lead Underwriter Record Date: March 14, 2000
Greenwich Capital Markets, Inc. Co-Lead Underwriter February 29, 2000
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 1 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-1
CERTIFICATE PAYMENT REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
- ------------------------------------------------------------------------------------------------------
Prior
Class Original Principal
Class Type Face Value Balance Interest Principal
- ------------------------------------------------------------------------------------------------------
(1) (2) (3)
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LT-AF 19,123.50 17,773.90 107.72 216.40
LT-MF 196,688,617.88 185,409,583.07 1,404,128.13 1,839,270.57
LT-AV 20,203.50 18,085.79 91.57 309.70
LT-MV 203,337,098.17 186,603,732.29 1,490,252.59 2,522,010.21
P 100.00 100.00 81,169.28 -
- ------------------------------------------------------------------------------------------------------
R-I - - - -
- ------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------
Total 400,065,143.05 372,049,275.05 2,975,749.29 4,361,806.88
- --------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------------------
Current
Total Realized Deferred Principal
Class Distribution Losses Interest Balance
- -----------------------------------------------------------------------------------------------
(4)=(2)+(3) (5) (6) (7)=(1)-(3)-(5)+(6)
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LT-AF 324.12 - - 17,557.50
LT-MF 3,243,398.70 45,692.67 32.45 183,524,652.28
LT-AV 401.27 - - 17,776.09
LT-MV 4,012,262.80 155.15 57.47 184,081,624.40
P 81,169.28 - - 100.00
- -----------------------------------------------------------------------------------------------
R-I - - - -
- -----------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------
Total 7,337,556.17 45,847.82 89.92 367,641,710.27
- -----------------------------------------------------------------------------------------------
</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
- ------------------------------------------------------------------------------------------------------
(1)
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LT-AF F-30/360 19,123.50 929.427145
LT-MF F-30/360 196,688,617.88 942.655376
LT-AV 02/15/00 03/14/00 A-Act/360 20,203.50 895.181033
LT-MV F-30/360 203,337,098.17 917.706282
P - 100.00 1,000.000000
- ------------------------------------------------------------------------------------------------------
R-I - - -
- ------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------------
Current
Total Principal
Class Interest Principal Distribution Balance
- --------------------------------------------------------------------------------------------------
(2) (3) (4)=(2)+(3) (5)
- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LT-AF 5.632860 11.315920 16.948780 918.111224
LT-MF 7.138838 9.351179 16.490017 933.072052
LT-AV 4.532220 15.329027 19.861247 879.852006
LT-MV 7.328975 12.403099 19.732075 905.302702
P 811,692.800000 - 811,692.800000 1,000.000000
- --------------------------------------------------------------------------------------------------
R-I - - - -
- --------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------
</TABLE>
Page 2 of 26 -C-COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-1
CERTIFICATE PAYMENT REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - TO DATE
- ---------------------------------------------------------------------------------------------------
Original Unscheduled Scheduled Total
Class Face Value Interest Principal Principal Principal
- ---------------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(3)+(4)
- ---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
LT-AF 19,123.50 900.26 1,384.41 181.61 1,566.02
LT-MF 196,688,617.88 11,683,698.66 11,405,869.47 1,577,350.73 12,983,220.20
LT-AV 20,203.50 719.17 2,322.39 105.02 2,427.41
LT-MV 203,337,098.17 12,270,701.58 18,309,862.33 883,176.26 19,193,038.59
P 100.00 507,545.85 - - -
R-I - 0.02 - - -
- ---------------------------------------------------------------------------------------------------
Total 400,065,143.05 24,463,565.54 29,719,438.61 2,460,813.61 32,180,252.22
- ---------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------------
Current
Total Realized Deferred Principal
Class Distribution Losses Interest Balance
- -------------------------------------------------------------------------------------------
(6)=(2)+(5) (7) (8) (9)=(1)-(5)-(7)+(8)
- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LT-AF 2,466.28 (0.02) - 17,557.50
LT-MF 24,666,918.86 181,012.96 267.56 183,524,652.28
LT-AV 3,146.58 - - 17,776.09
LT-MV 31,463,740.17 62,943.08 507.92 184,081,624.40
P 507,545.85 - - 100.00
R-I 0.02 - - -
- -------------------------------------------------------------------------------------------
Total 56,643,817.76 243,956.02 775.48 367,641,710.27
- -------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST DETAIL
- -------------------------------------------------------------------------------------------------
Pass- Prior Principal Non- Prior
Through (with Notional) Accrued Supported Unpaid
Class Rate Balance Interest Interest SF Interest
- -------------------------------------------------------------------------------------------------
(1) (2) (3)
- -------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
LT-AF 7.29000% 17,773 107.72 - -
LT-MF 9.10940% 185,409,583.07 1,404,128.13 - -
LT-AV 6.28500% 18,085.79 91.57 - -
LT-MV 9.58346% 186,603,732.29 1,490,252.59 - -
P 100.00 - - -
- -------------------------------------------------------------------------------------------------
R-I - - - -
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
Total 372,049,275.05 2,894,580.01 - -
- -------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Unscheduled Paid or Current
Interest Optimal Deferred Unpaid
Class Adjustments Interest Interest Interest
- ----------------------------------------------------------------------------------------------
(4) (5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
- ----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LT-AF - 107.72 107.72 -
LT-MF - 1,404,128.13 1,404,160.58 -
LT-AV - 91.57 91.57 -
LT-MV - 1,490,252.59 1,490,310.06 -
P - 81,169.28 81,169.28 -
- ----------------------------------------------------------------------------------------------
R-I - - - -
- ----------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------
Total - 2,975,749.29 2,975,839.21 -
- ----------------------------------------------------------------------------------------------
</TABLE>
Page 3 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
[LOGO] MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-1
CERTIFICATE PAYMENT REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
- ---------------------------------------------------------------------------------------------------
Prior
Class Original Principal
Class Type Face Value Balance Interest Principal
- ---------------------------------------------------------------------------------------------------
(1) (2) (3)
- ---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-F STEP 191,235,000.00 177,739,014.55 1,079,764.51 2,163,958.31
A-V STEP 202,035,000.00 180,857,871.64 915,668.33 3,096,995.74
C 6,795,043.05 13,483,081.07 - -
R-II - - - -
- ---------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------
Total 400,065,043.05 72,079,967.26 1,995,432.84 5,260,954.05
- ---------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------------------
Current
Total Realized Deferred Principal
Class Distribution Losses Interest Balance
- -----------------------------------------------------------------------------------------------
(4)=(2)+(3) (5) (6) (7)=(1)-(3)-(5)+(6)
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-F 3,243,722.82 - - 175,575,056.24
A-V 4,012,664.07 - - 177,760,875.90
C - - 853,299.29 14,336,380.36
R-II - - - -
- -----------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------
Total 7,256,386.89 - 853,299.29 367,672,312.50
- -----------------------------------------------------------------------------------------------
</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 00253CFM4 191,235,000.00 929.427221 5.646270
A-V 02/15/00 03/14/00 A-Act/360 00253CFN2 202,035,000.00 895.180893 4.532226
C - 6,795,043.05 1,984.252487 -
R-II - - - -
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------
Current
Total Principal
Class Principal Distribution Balance
- -----------------------------------------------------------------------------
(3) (4)=(2)+(3) (5)
- -----------------------------------------------------------------------------
<S> <C> <C> <C>
A-F 11.315702 16.961973 918.111518
A-V 15.329006 19.861232 879.851887
C - - 2,109.829217
R-II - - -
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
</TABLE>
NOTE: ADJUSTABLE RATE CERTIFICATES HAVE A RECORD DATE THAT IS ONE BUSINESS DAY
PRIOR TO DISTRIBUTION
Page 4 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
[LOGO] MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-1
CERTIFICATE PAYMENT REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - TO DATE
- ------------------------------------------------------------------------------------------------------
Original Unscheduled Scheduled Total
Class Face Value Interest Principal Principal Principal
- ------------------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(3)+(4)
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-F 191,235,000.00 9,009,441.38 13,844,068.15 1,815,875.61 15,659,943.76
A-V 202,035,000.00 7,192,762.69 23,223,947.86 1,050,176.24 24,274,124.10
C 6,795,043.05 - - - -
R-II - - - - -
- ------------------------------------------------------------------------------------------------------
Total 400,065,043.05 16,202,204.07 37,068,016.01 2,866,051.85 39,934,067.86
- ------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Current
Total Realized Deferred Principal
Class Distribution Losses Interest Balance
- ----------------------------------------------------------------------------------------------
(6)=(2)+(5) (7) (8) (9)=(1)-(5)-(7)+(8)
- ----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-F 24,669,385.14 - - 175,575,056.24
A-V 31,466,886.79 - - 177,760,875.90
C - - 7,541,337.30 14,336,380.36
R-II - - - -
- ----------------------------------------------------------------------------------------------
Total 56,136,271.93 - 7,541,337.30 367,672,312.50
- ----------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST DETAIL
- ----------------------------------------------------------------------------------------------------
Pass- Prior Principal Non- Prior
Through (with Notional) Accrued Supported Unpaid
Class Rate Balance Interest Interest SF Interest
- ----------------------------------------------------------------------------------------------------
(1) (2) (3)
- ----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-F 7.29000% 177,739,014.55 1,079,764.51 - -
A-V 6.28500% 180,857,871.64 915,668.33 - -
C 13,483,081.07 - - -
R-II - - - -
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
Total 372,079,967.26 1,995,432.84 - -
- ----------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------------
Unscheduled Paid or Current
Interest Optimal Deferred Unpaid
Class Adjustments Interest Interest Interest
- --------------------------------------------------------------------------------------------------
(4) (5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-F - 1,079,764.51 1,079,764.51 -
A-V - 915,668.33 915,668.33 -
C - - 853,299.29 -
R-II - - - -
- --------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------
Total - 1,995,432.84 2,848,732.13 -
- --------------------------------------------------------------------------------------------------
</TABLE>
Page 5 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
[LOGO] MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
Collection Account Report
- ----------------------------------------------------------------------------------------------------------------------------
SUMMARY ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Principal Collections 2,522,262.44 1,839,454.52 4,361,716.96
Principal Withdrawals 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00
TOTAL NET PRINCIPAL 2,522,262.44 1,839,454.52 4,361,716.96
Interest Collections 1,638,577.98 1,540,748.32 3,179,326.30
Interest Withdrawals 0.00 (3,341.24) (3,341.24)
Interest Other Accounts 0.00 0.00 0.00
Interest Fees (99,614.28) (100,531.57) (200,145.85)
TOTAL NET INTEREST 1,538,963.70 1,436,875.51 2,975,839.21
TOTAL AVAILABLE FUNDS TO BONDHOLDERS 4,061,226.14 3,276,330.03 7,337,556.17
TOTAL REMITANCE DUE FROM SERVICER 4,099,778.52 3,314,259.74 7,414,038.26
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL - COLLECTIONS ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Scheduled Principal 107,842.10 218,177.59 326,019.69
Curtailments 0.00 0.00 0.00
Prepayments in Full 2,414,575.49 1,621,276.93 4,035,852.42
Repurchases/Substitutions 0.00 0.00 0.00
Liquidations 0.00 45,692.67 45,692.67
Insurance Principal 0.00 0.00 0.00
Other Additional Principal 0.00 0.00 0.00
Delinquent Principal 0.00 0.00 0.00
Realized Losses (155.15) (45,692.67) (45,847.82)
Mortgage Replacement Amount 0.00 0.00 0.00
TOTAL PRINCIPAL COLLECTED 2,522,262.44 1,839,454.52 4,361,716.96
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
- ----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - WITHDRAWALS ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL - OTHER ACCOUNTS ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Prefunded Release Amount 0.00 0.00 0.00
TOTAL OTHER ACCOUNTS PRINCIPAL 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST - COLLECTIONS ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Scheduled Interest 1,606,713.11 1,522,317.45 3,129,030.56
Repurchases/Substitutions 0.00 0.00 0.00
Liquidations 0.00 483.20 483.20
Insurance Interest 0.00 0.00 0.00
Other Additional Interest 0.00 0.00 0.00
Prepayment Interest Shortfalls 0.00 0.00 0.00
Delinquent Interest (370,404.26) (319,089.43) (689,493.69)
Realized Losses 0.00 0.00 0.00
Compensating Interest 0.00 0.00 0.00
Other Interest Shortfall (Relief Act) 0.00 0.00 0.00
Interest Advanced 353,707.06 304,429.89 658,136.95
Closing Date Deposits 0.00 0.00 0.00
Insurer Interest to Cover PPIS 0.00 0.00 0.00
Prepayment Penalties 48,562.07 32,607.21 81,169.28
TOTAL INTEREST COLLECTED 1,638,577.98 1,540,748.32 3,179,326.30
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 7 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
- -------------------------------------------------------------------------------------------------------------------------
INTEREST - WITHDRAWALS ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Unpaid Servicing Fees 0.00 0.00 0.00
Advances Reimbursed 0.00 3,341.24 3,341.24
TOTAL INTEREST WITHDRAWLS 0.00 3,341.24 3,341.24
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST - OTHER ACCOUNTS ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Capitialized Interest Requirement 0.00 0.00 0.00
TOTAL OTHER ACCOUNT INTEREST 0.00 0.00 0.00
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST - FEES ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Current Servicing Fees 61,061.90 62,601.86 123,663.76
Back Up Servicing Fees 3,887.95 3,863.07 7,751.02
Certificate Insurance Premiums 34,664.43 34,066.64 68,731.07
Trustee Fees 0.00 0.00 0.00
TOTAL INTEREST OTHER FEES 99,614.28 100,531.57 200,145.85
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 8 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
CREDIT ENHANCEMENT REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
CREDIT ENHANCEMENT REPORT
- ----------------------------------------------------------------------------------------------------------------------------
ACCOUNTS ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INSURANCE ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Insurance Premium Due 34,664.43 34,066.64 68,731.07
Insurance Premium Paid 34,664.43 34,066.64 68,731.07
Reimbursements to Certificate Insurer 0.00 0.00 0.00
Insured Payments Made By Certiifcate Insurer 0.00 0.00 0.00
Insurance Premiums Due but not Paid 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
STRUCTURAL FEATURES ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Extra Principal Distribution Amt 574,733.30 324,503.79 899,237.09
Overcollateralization Amount 6,338,524.59 7,967,153.54 14,305,678.13
Targeted Overcollateralization Amt 11,489,687.54 10,818,925.78 22,308,613.32
Overcollateralization Release Amount 0.00 0.00 0.00
Overcollateralization Defficiency Amt 5,725,896.25 3,176,276.03 8,902,172.28
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 9 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
- --------------------------------------------------------------------------------------------------------------------------------
COLLATERAL ADJUSTABLE FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Loan Count:
ORIGINAL 1786 3011 4797
Prior 2,065 2,821 4,886
Prefunding - - -
Scheduled Paid Offs - - -
Full Voluntary Prepayments (30) (29) (59)
Repurchases - - -
Liquidations - (2) (2)
---------------------------------------------------------------------------------------------------------------------------
Current 2,035 2,790 4,825
PRINCIPAL BALANCE:
Original 163,359,100.25 196,707,741.38 360,066,841.63
Prior 186,621,818.08 185,427,356.97 372,049,175.05
Prefunding - - -
Scheduled Principal (107,842.10) (218,177.59) (326,019.69)
Partial and Full Voluntary Prepayments (2,414,575.49) (1,621,276.93) (4,035,852.42)
Repurchases - - -
---------------------------------------------------------------------------------------------------------------------------
Liquidations - (45,692.67) (45,692.67)
Current 184,099,400.49 183,542,209.78 367,641,610.27
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
PREFUNDING ADJUSTABLE FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Prefunding Beginning Balance 0.00 0.00
Balance of Subsequent Loans Transfered 0.00 0.00
Prefunded Amount Dispursed To Offered Certificates 0.00 0.00
Prefunding Ending Balance 0.00 0.00
Capitalized Interest Beginning Balance 0.00 0.00
Capitalized Interest Requirement 0.00 0.00
Capitalized Interest Released to Seller 0.00 0.00
Capitalized Interest Ending Balance 0.00 0.00
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
CURRENT PRIN BALANCE BY GROUPS (IN MILLIONS OF DOLLARS)
[GRAPH]
TOTAL CURRENT PRINCIPAL BALANCE (IN MILLIONS OF DOLLARS)
[GRAPH]
Page 10 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
- ----------------------------------------------------------------------------------------------------------------------------
CHARACTERISTICS ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Weighted Average Coupon Original 10.202764% 9.908650% 10.042087%
Weighted Average Coupon Prior 10.301429% 9.847359% 10.076097%
Weighted Average Coupon Current 10.331352% 9.854861% 10.093871%
-----------------------------------------------------------------------------------------------------------------------
Weighted Average Months to Maturity Original 354 316 333
Weighted Average Months to Maturity Prior 349 308 329
Weighted Average Months to Maturity Current 348 308 328
-----------------------------------------------------------------------------------------------------------------------
Weighted Avg Remaining Amortization Term Original 355 316 334
Weighted Avg Remaining Amortization Term Prior 349 310 330
Weighted Avg Remaining Amortization Term Current 348 309 329
-----------------------------------------------------------------------------------------------------------------------
Weighted Average Seasoning Original 3.10 3.06 3.08
Weighted Average Seasoning Prior 8.32 9.01 8.67
Weighted Average Seasoning Current 9.30 10.01 9.65
- ----------------------------------------------------------------------------------------------------------------------------
</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 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
- -------------------------------------------------------------------------------------------------------------------------
ARM CHARACTERISTICS ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Weighted Average Margin Original 5.948%
Weighted Average Margin Prior 5.924%
Weighted Average Margin Current 5.920%
--------------------------------------------------------------------------------------------------------------------
Weighted Average Max Rate Original 16.953%
Weighted Average Max Rate Prior 16.826%
Weighted Average Max Rate Current 16.825%
--------------------------------------------------------------------------------------------------------------------
Weighted Average Min Rate Original 10.160%
Weighted Average Min Rate Prior 10.169%
Weighted Average Min Rate Current 10.171%
--------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Up Original 2.735%
Weighted Average Cap Up Prior 2.603%
Weighted Average Cap Up Current 2.599%
--------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Down Original 2.735%
Weighted Average Cap Down Prior 2.603%
Weighted Average Cap Down Current 2.599%
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
<TABLE>
<CAPTION>
SERVICING FEES / ADVANCES ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Current Servicing Fees 61,061.90 62,601.86 123,663.76
Delinquent Servicing Fees 16,697.19 14,659.54 31,356.73
TOTAL SERVICING FEES 77,759.09 77,261.40 155,020.49
Total Servicing Fees 77,759.09 77,261.40 155,020.49
Compensating Interest 0.00 0.00 0.00
Delinquent Servicing Fees (16,697.19) (14,659.54) (31,356.73)
COLLECTED SERVICING FEES 61,061.90 62,601.86 123,663.76
Prepayment Interest Shortfall 0.00 0.00 0.00
Total Advanced Interest 353,707.06 304,429.89 658,136.95
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL COLLATERAL INFORMATION ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 12 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - TOTAL
- ---------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 9,252,548.35 1,897,783.60 1,164,665.01 12,314,996.96
% Balance 2.52% 0.52% 0.32% 3.35%
# Loans 133 23 23 179
% # Loans 2.76% 0.48% 0.48% 3.71%
- ---------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 438,236.95 689,163.80 2,263,525.49 19,309,895.50 22,700,821.74
% Balance 0.12% 0.19% 0.62% 5.25% 6.17%
# Loans 7 6 38 296 347
% # Loans 0.15% 0.12% 0.79% 6.13% 7.19%
- ---------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 567,599.80 93,198.27 105,533.99 316,719.19 1,083,051.25
% Balance 0.15% 0.03% 0.03% 0.09% 0.29%
# Loans 9 2 2 5 18
% # Loans 0.19% 0.04% 0.04% 0.10% 0.37%
- ---------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 1,258,653.90 1,258,653.90
% Balance 0.00% 0.00% 0.00% 0.34% 0.34%
# Loans - - - 15 15
% # Loans 0.00% 0.00% 0.00% 0.31% 0.31%
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 1,005,836.75 10,034,910.42 4,266,843.08 22,049,933.60 37,357,523.85
% Balance 0.27% 2.73% 1.16% 6.00% 10.16%
# Loans 16 141 63 339 559
% # Loans 0.33% 2.92% 1.31% 7.03% 11.59%
- ---------------------------------------------------------------------------------------------------------------------------------
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+ PAYMENTS = 90+
</TABLE>
- 6 MONTHS MOVING AVERAGE
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
Note: Dates correspond to distribution dates.
Page 13 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR MARCH 15, 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 3,892,733.45 598,873.48 346,427.62 4,838,034.55
% Balance 2.12% 0.33% 0.19% 2.64%
# Loans 71 10 11 92
% # Loans 2.54% 0.36% 0.39% 3.30%
- ----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 136,855.75 - 779,363.14 7,237,069.25 8,153,288.14
% Balance 0.07% 0.00% 0.42% 3.94% 4.44%
# Loans 3 - 18 134 155
% # Loans 0.11% 0.00% 0.65% 4.80% 5.56%
- ----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 295,148.64 - 63,641.70 230,660.71 589,451.05
% Balance 0.16% 0.00% 0.03% 0.13% 0.32%
# Loans 5 - 1 4 10
% # Loans 0.18% 0.00% 0.04% 0.14% 0.36%
- ----------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 267,935.00 267,935.00
% Balance 0.00% 0.00% 0.00% 0.15% 0.15%
# Loans - - - 6 6
% # Loans 0.00% 0.00% 0.00% 0.22% 0.22%
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 432,004.39 3,892,733.45 1,441,878.32 8,082,092.58 13,848,708.74
% Balance 0.24% 2.12% 0.79% 4.40% 7.55%
# Loans 8 71 29 155 263
% # Loans 0.29% 2.54% 1.04% 5.56% 9.43%
- ----------------------------------------------------------------------------------------------------------------------------------
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+ PAYMENTS = 90+
</TABLE>
- 6 MONTHS MOVING AVERAGE
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
Note: Dates correspond to distribution dates.
Page 14 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE GROUP
- ---------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 5,359,814.90 1,298,910.12 818,237.39 7,476,962.41
% Balance 2.91% 0.71% 0.44% 4.06%
# Loans 62 13 12 87
% # Loans 3.05% 0.64% 0.59% 4.28%
- ---------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 301,381.20 689,163.80 1,484,162.35 12,072,826.25 14,547,533.60
% Balance 0.16% 0.37% 0.81% 6.56% 7.90%
# Loans 4 6 20 162 192
% # Loans 0.20% 0.29% 0.98% 7.96% 9.43%
- ---------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 272,451.16 93,198.27 41,892.29 86,058.48 493,600.20
% Balance 0.15% 0.05% 0.02% 0.05% 0.27%
# Loans 4 2 1 1 8
% # Loans 0.20% 0.10% 0.05% 0.05% 0.39%
- ---------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 990,718.90 990,718.90
% Balance 0.00% 0.00% 0.00% 0.54% 0.54%
# Loans - - - 9 9
% # Loans 0.00% 0.00% 0.00% 0.44% 0.44%
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 573,832.36 6,142,176.97 2,824,964.76 13,967,841.02 23,508,815.11
% Balance 0.31% 3.34% 1.53% 7.59% 12.77%
# Loans 8 70 34 184 296
% # Loans 0.39% 3.44% 1.67% 9.04% 14.55%
- ---------------------------------------------------------------------------------------------------------------------------------
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+ PAYMENTS = 90+
</TABLE>
- 6 MONTHS MOVING AVERAGE
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
Note: Dates correspond to distribution dates.
Page 15 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REO REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
REO REPORT - MORTGAGE LOANS THAT BECOME REO DURING CURRENT DISTRIBUTION
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
Total Loan Count = 4 Loan Group 1 = Fixed Group; REO Book Value = 278,380.65
Total Original Principal Balance = 233,695.00 Loan Group 2 = Adjustable Group; REO Book Value = 1,016,435.30
Total Current Balance = 233,473.23
REO Book Value = 1,294,815.95
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
REO Book Value reported corresponds to total REO loans, including loans that
become REO during current distribution.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Stated Current State &
& Principal Principal Paid to Note LTV at Original Origination
Loan Group Balance Balance Date Rate Origination Term Date
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
7299389 1 34,500.00 34,456.51 Sep-01-99 11.000% MO - 61.00% 360 May-26-99
9489576 1 32,500.00 32,493.25 Jun-01-99 13.420% FL - 65.00% 360 Apr-26-99
9390529 2 110,695.00 110,523.47 May-01-99 13.290% LA - 65.00% 360 Sep-30-98
9506047 2 56,000.00 56,000.00 Jun-01-99 11.930% DC - 70.00% 360 May-25-99
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 16 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
- ----------------------------------------------------------------------------------------------------------------------------
VOLUNTARY PREPAYMENTS ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
CURRENT
Number of Paid in Full Loans 30 29 59
Number of Repurchased Loans - - -
-----------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 30 29 59
Paid in Full Balance 2,414,575.49 1,621,276.93 4,035,852.42
Repurchased Loans Balance - - -
Curtailments Amount - - -
-----------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 2,414,575.49 1,621,276.93 4,035,852.42
CUMULATIVE
Number of Paid in Full Loans 192 212 404
Number of Repurchased Loans - - -
-----------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 192 212 404
Paid in Full Balance 18,157,196.99 11,345,827.23 29,503,024.22
Repurchased Loans Balance - - -
Curtailments Amount (83,220.79) (158,587.56) (241,808.35)
-----------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 18,073,976.20 11,187,239.67 29,261,215.87
SPACE INTENTIONALLY LEFT BLANK
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOTAL PREPAYMENTS BY GROUPS (IN THOUSANDS OF DOLLARS)
[GRAPH]
TOTAL PREPAYMENTS (IN THOUSANDS OF DOLLARS)
[GRAPH]
Page 17 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
- --------------------------------------------------------------------------------------------------------------------
VOLUNTARY PREPAYMENT RATES ADJUSTABLE FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SMM 1.29% 0.88% 1.09%
3 Months Avg SMM 1.63% 0.94% 1.29%
12 Months Avg SMM
Avg SMM Since Cut-off 1.17% 0.74% 0.96%
CPR 14.48% 10.01% 12.28%
3 Months Avg CPR 17.90% 10.71% 14.40%
12 Months Avg CPR
Avg CPR Since Cut-off 13.12% 8.56% 10.89%
PSA 777.94% 500.34% 635.88%
3 Months Avg PSA Approximation 1074.58% 594.29% 830.77%
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 1101.78% 655.00% 872.56%
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
CPR BY GROUPS TOTAL CPR
[GRAPH] [GRAPH]
PSA BY GROUPS TOTAL PSA
[GRAPH] [GRAPH]
Page 18 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR MARCH 15, 2000 DISTRIBUTION
- --------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
- --------------------------------------------------------------------------------
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]
<TABLE>
<S><C>
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 19 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
- --------------------------------------------------------- ------------------------------------------------------------
<S> <C>
Total Loan Count = 59 Loan Group 1 = Fixed Group
Total Original Principal Balance = 4,222,783.00 Loan Group 2 = Adjustable Group
Total Prepayment Amount = 4,035,852.42
- --------------------------------------------------------- ------------------------------------------------------------
</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>
73091 1 FCL 127,500.00 127,107.98 Feb-28-00 10.800% CA - 75.00% Paid Off - 360 Sep-30-98
78883 1 22,000.00 21,618.26 Feb-28-00 11.500% CA - 87.20% Paid Off - 240 Oct-07-98
5406366 1 31,200.00 31,014.47 Feb-28-00 13.750% NY - 65.00% Paid Off - 360 Nov-25-98
6459609 1 30,000.00 29,151.42 Feb-28-00 9.750% TX - 42.80% Paid Off - 180 Jan-12-99
6463851 1 30,000.00 29,336.28 Feb-28-00 12.500% TX - 50.00% Paid Off - 180 Nov-30-98
7211155 1 62,500.00 62,304.09 Feb-28-00 12.250% CA - 41.00% Paid Off - 360 Jan-13-99
7217358 1 175,000.00 174,420.15 Feb-28-00 10.450% NY - 67.00% Paid Off - 360 Jan-29-99
7222920 1 14,300.00 14,039.22 Feb-28-00 13.500% PA - 65.00% Paid Off - 180 Feb-10-99
7235747 1 21,700.00 21,295.17 Feb-28-00 11.000% PA - 70.00% Paid Off - 180 Mar-17-99
7246676 1 96,000.00 95,555.79 Feb-28-00 9.200% UT - 80.00% Paid Off - 360 Mar-31-99
7251254 1 69,600.00 67,420.09 Feb-28-00 9.750% AZ - 80.00% Paid Off - 180 Mar-31-99
7256469 1 15,000.00 14,668.46 Feb-28-00 10.200% CA - 67.00% Paid Off - 180 Mar-24-99
7256574 1 45,000.00 43,939.95 Feb-28-00 9.500% CA - 33.00% Paid Off - 180 Mar-31-99
7259786 1 49,500.00 49,314.74 Feb-28-00 9.250% PA - 75.00% Paid Off - 360 Apr-05-99
7262698 1 86,000.00 85,859.47 Feb-28-00 10.450% PA - 56.00% Paid Off - 360 May-13-99
7266596 1 50,000.00 48,914.79 Feb-28-00 9.000% OH - 76.00% Paid Off - 180 Apr-20-99
7270011 1 92,000.00 91,578.72 Feb-28-00 8.900% CA - 50.00% Paid Off - 360 Apr-23-99
7271395 1 29,000.00 28,561.50 Feb-28-00 11.500% FL - 41.50% Paid Off - 180 Apr-19-99
7278578 1 33,000.00 32,299.30 Feb-28-00 9.250% FL - 60.00% Paid Off - 180 Apr-27-99
7280084 1 191,000.00 190,346.69 Feb-28-00 10.300% CA - 85.00% Paid Off - 360 Apr-30-99
7280408 1 FCL 35,340.00 35,274.78 Feb-28-00 12.850% CO - 69.80% Paid Off - 180 May-05-99
7286759 1 32,000.00 31,954.85 Feb-28-00 9.750% UT - 38.00% Paid Off - 360 Apr-30-99
9406352 1 75,050.00 74,699.17 Feb-28-00 11.610% KY - 95.00% Paid Off - 360 Oct-21-98
9448497 1 31,000.00 30,954.99 Feb-28-00 15.670% RI - 50.00% Paid Off - 360 Jan-21-99
9448977 1 19,500.00 19,303.12 Feb-28-00 14.170% MI - 65.00% Paid Off - 360 Feb-01-99
9466800 1 27,200.00 26,610.33 Feb-28-00 11.620% PA - 80.00% Paid Off - 180 Mar-08-99
9470263 1 79,200.00 78,500.07 Feb-28-00 8.500% CA - 90.00% Paid Off - 360 Mar-11-99
9700803 1 28,280.00 27,871.63 Feb-28-00 12.000% CA - 89.70% Paid Off - 180 May-05-99
9710647 1 54,000.00 37,361.45 Feb-28-00 9.500% IA - 85.00% Paid Off - 360 May-28-99
1471538 2 FCL 27,500.00 27,463.70 Feb-28-00 14.000% WA - 50.00% Paid Off - 360 Dec-11-98
5522102 2 FCL 60,000.00 59,552.86 Feb-28-00 7.750% TN - 80.00% Paid Off - 360 Dec-23-98
7246684 2 152,000.00 151,240.63 Feb-28-00 9.750% CA - 80.00% Paid Off - 360 Mar-29-99
7296568 2 63,000.00 62,778.53 Feb-28-00 9.750% OH - 70.00% Paid Off - 360 May-28-99
9388729 2 66,000.00 65,821.86 Feb-28-00 14.420% CT - 60.00% Paid Off - 360 Sep-28-98
9393129 2 34,850.00 34,538.99 Feb-28-00 9.580% OH - 85.00% Paid Off - 360 Oct-06-98
9414770 2 FCL 69,581.00 69,219.63 Feb-28-00 9.410% NM - 75.00% Paid Off - 360 Nov-03-98
9422552 2 92,800.00 92,264.04 Feb-28-00 10.220% NC - 80.00% Paid Off - 360 Nov-23-98
9422730 2 150,500.00 149,244.81 Feb-28-00 8.020% CA - 70.00% Paid Off - 360 Nov-30-98
9431896 2 104,400.00 103,413.19 Feb-28-00 11.000% PA - 90.00% Paid Off - 360 Dec-14-98
9439609 2 189,000.00 188,496.15 Feb-28-00 13.400% CT - 70.00% Paid Off - 360 Dec-29-98
9453199 2 82,680.00 82,300.98 Feb-28-00 10.010% MN - 75.00% Paid Off - 360 Feb-05-99
9458425 2 48,500.00 48,422.83 Feb-28-00 13.790% OH - 58.40% Paid Off - 360 Apr-21-99
9458573 2 52,500.00 52,244.33 Feb-28-00 9.720% IL - 75.00% Paid Off - 360 Feb-18-99
9468048 2 20,475.00 20,316.71 Feb-28-00 15.270% MI - 65.00% Paid Off - 360 Mar-15-99
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 20 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR MARCH 15, 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
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C> <C> <C>
9475656 2 117,000.00 116,652.16 Feb-28-00 9.560% FL - 90.00% Paid Off - 360 Mar-26-99
9476709 2 86,400.00 86,151.08 Feb-28-00 11.670% MO - 80.00% Paid Off - 360 Mar-31-99
9477039 2 185,500.00 184,934.74 Feb-28-00 12.000% HI - 70.00% Paid Off - 360 Apr-20-99
9480013 2 50,625.00 50,449.24 Feb-28-00 10.610% IL - 75.00% Paid Off - 360 Apr-06-99
9482725 2 FCL 36,800.00 36,712.22 Feb-28-00 9.770% MI - 80.00% Paid Off - 360 Apr-19-99
9492496 2 FCL 96,300.00 96,045.77 Feb-28-00 9.310% IL - 84.00% Paid Off - 360 Apr-26-99
9497188 2 92,700.00 92,372.43 Feb-28-00 9.490% NM - 61.80% Paid Off - 360 May-10-99
9497404 2 99,000.00 98,759.88 Feb-28-00 11.260% KY - 90.00% Paid Off - 360 May-07-99
9498249 2 66,950.00 66,869.70 Feb-28-00 13.720% SC - 65.00% Paid Off - 360 May-18-99
9499938 2 86,100.00 85,749.67 Feb-28-00 10.500% NC - 70.00% Paid Off - 360 Jun-01-99
9500731 2 159,250.00 159,065.55 Feb-28-00 13.870% NY - 65.00% Paid Off - 360 May-17-99
9501835 2 47,450.00 47,392.07 Feb-28-00 13.640% LA - 65.00% Paid Off - 360 May-18-99
9517235 2 26,650.00 26,628.33 Feb-28-00 12.290% SC - 65.00% Paid Off - 360 Jun-14-99
9531491 2 57,200.00 57,007.80 Feb-28-00 8.970% OH - 80.00% Paid Off - 360 Jul-01-99
9543392 2 149,202.00 2,465.61 Feb-28-00 11.330% FL - 89.90% Paid Off - 360 Jul-14-99
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 21 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- ---------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REALIZED LOSSES ADJUSTABLE FIXED TOTAL
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
CURRENT
Number of Loans Liquidated - 2 2
Collateral Realized Loss/(Gain) Amount 155.15 45,692.67 45,847.82
Net Liquidation Proceeds (155.15) - (155.15)
CUMULATIVE
Number of Loans Liquidated 2 9 11
Collateral Realized Loss/(Gain) Amount 62,943.06 181,012.94 243,956.00
Net Liquidation Proceeds 162,472.81 79,370.49 241,843.30
Note: Collateral realized losses may include adjustments to loans
liquidated in prior periods.
Loss Percentage 0.0310% 0.0920%
Annualized Loss Percentage 0.0309% 0.0688%
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
3 Months Moving Average
COLLATERAL LOSS SEVERITY APPROXIMATION BY GROUPS
[GRAPH]
COLLATERAL LOSS SEVERITY APPROXIMATION
[GRAPH]
Page 22 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------
DEFAULT SPEEDS ADJUSTABLE FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
MDR 0.00% 0.02% 0.01%
3 Months Avg MDR 0.04% 0.03% 0.04%
12 Months Avg MDR
Avg MDR Since Cut-off 0.01% 0.02% 0.02%
CDR 0.00% 0.30% 0.15%
3 Months Avg CDR 0.47% 0.41% 0.44%
12 Months Avg CDR
Avg CDR Since Cut-off 0.18% 0.21% 0.19%
SDA 0.00% 1.48% 0.76%
3 Months Avg SDA Approximation 2.84% 2.26% 2.54%
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation 1.49% 1.58% 1.53%
Loss Severity Approximation for Current Period 100.00% 100.34%
3 Months Avg Loss Severity Approximation 27.85% 83.29% 61.23%
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off 27.85% 81.81% 65.26%
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
CDR BY GROUPS TOTAL CDR
[GRAPH] [GRAPH]
SDA BY GROUPS TOTAL SDA
[GRAPH] [GRAPH]
Page 23 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR MARCH 15, 2000 DISTRIBUTION
- --------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- --------------------------------------------------------------------------------
CDR AVG SINCE CUT-OFF BY GROUPS TOTAL CDR AVG SINCE CUT-OFF
[GRAPH] [GRAPH]
SDA AVG SINCE CUT-OFF BY GROUPS TOTAL SDA AVG SINCE CUT-OFF
[GRAPH] [GRAPH]
<TABLE>
<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< 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 24 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS DETAIL REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS DETAIL REPORT - LOANS LIQUIDATED DURING CURRENT DISTRIBUTION
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
- ---------------------------------------------------------- ------------------------------------------------------------
<S> <C>
Total Loan Count = 2 Loan Group 1 = Fixed Group
Total Original Principal Balance = 45,765.00 Loan Group 2 = Adjustable Group
Total Prior Principal Balance = 45,692.67
Total Realized Loss Amount = 45,847.82
Total Net Liquidation Proceeds = -155.15
- ---------------------------------------------------------- ------------------------------------------------------------
</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>
9487557 1 26,325.00 26,289.10 28,290.12 12.690% PA - 65.00% 360 Apr-20-99
9497374 1 19,440.00 19,403.57 20,743.79 12.690% FL - 72.00% 180 May-07-99
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 25 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT FOR
MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT
- -------------------------------------------------------------------------------------------------------------------------------
TRIGGER EVENTS ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Step Down Cumulative Loss Test No No No
Step Down Rolling Delinquency Test Yes Yes Yes
Step Down Rolling Loss Test Yes Yes Yes
Step Down Tigger No No No
Step Up Cumulative Loss Test No No No
Step Up Rolling Delinquency Test No No No
Step Up Rolling Loss Test No No No
Step Up Tigger No No No
Step Up Spread Squeeze Test No No No
Spread Squeeze Condition No No No
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ADJUSTABLE RATE CERTIFICATE INFORMATION ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL INFORMATION ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Supplamental Interest Amounts 0.00 0.00 0.00
Supplamental Interest Amounts Unpaid 0.00 0.00 0.00
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 26 of 26 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
MARCH 15, 2000 DISTRIBUTION
- -------------------------------------------------------------------------------
Contents
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
TABLE OF CONTENTS
- ------------------------------------------------------------------------------------------
<S> <C>
Page
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
- ------------------------------------------------------------------------------------------
CONTACTS
- ------------------------------------------------------------------------------------------
Administrator: David C. West
Direct Phone Number: (714)247-6287
Address: Deutsche Bank
1761 E. St. Andrew Place, Santa Ana, CA 92705
Web Site: http://www-apps.gis.deutsche-bank.com/invr
Factor Information: (800) 735-7777
Main Phone Number: (714) 247-6000
- ------------------------------------------------------------------------------------------
</TABLE>
ISSUANCE INFORMATION
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <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: March 15, 2000
Greenwich Capital Markets, Inc. Co-Lead Underwriter Record Date: March 14, 2000
Lehman Brothers Securities Corporation Co-Lead Underwriter February 29, 2000
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 1 of 27 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR MARCH 15, 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>
A-F 229,500,000.00 225,308,784.84 1,424,890.31 2,511,231.71 3,936,122.02
A-V1 155,000,000.00 151,338,899.73 764,997.12 1,779,643.75 2,544,640.87
A-V2 15,500,000.00 15,396,060.19 78,569.09 543,564.86 622,133.95
C 3,494,923.86 5,496,830.64 - - -
R-II - - - - -
- ------------------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.86 397,540,575.40 2,268,456.52 4,834,440.32 7,102,896.84
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------
Current
Realized Deferred Principal
Class Losses Interest Balance
- -------------------------------------------------------------------------
(5) (6) (7)=(1)-(3)-(5)+(6)
- -------------------------------------------------------------------------
<S> <C> <C> <C>
A-F - - 222,797,553.13
A-V1 - - 149,559,255.98
A-V2 - - 14,852,495.33
C - 806,247.31 6,303,077.95
R-II - - -
- -------------------------------------------------------------------------
Total - 806,247.31 393,512,382.39
- -------------------------------------------------------------------------
</TABLE>
<PAGE>
<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
- ----------------------------------------------------------------------------------------------------------------------------------
(1)
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-F F-30/360 00253CFR3 229,500,000.00 981.737625
A-V1 02/15/00 03/14/00 A-Act/360 00253CFS1 155,000,000.00 976.379998
A-V2 02/15/00 03/14/00 A-Act/360 00253CFT9 15,500,000.00 993.294206
C - 3,494,923.86 1,572.804118
R-II - - -
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
Current
Total Principal
Class Interest Principal Distribution Balance
- -------------------------------------------------------------------------------
(2) (3) (4)=(2)+(3) (5)
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-F 6.208672 10.942186 17.150858 970.795438
A-V1 4.935465 11.481573 16.417038 964.898426
A-V2 5.068974 35.068701 40.137674 958.225505
C - - - 1,803.495070
R-II - - - -
- -------------------------------------------------------------------------------
</TABLE>
Page 2 of 27 (C) COPYRIGHT 2000
<PAGE>
DEUTSCHE BANK
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR MARCH 15, 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 5,756,180.70 5,884,975.77 817,471.09 6,702,446.86 12,458,627.56
A-V1 155,000,000.00 3,174,833.74 5,166,798.54 273,945.48 5,440,744.02 8,615,577.76
A-V2 15,500,000.00 323,220.25 617,806.85 29,697.83 647,504.68 970,724.93
C 3,494,923.86 - - - - -
R-II - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.86 9,254,234.69 11,669,581.16 1,121,114.40 12,790,695.56 22,044,930.25
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------
Current
Realized Deferred Principal
Class Losses Interest Balance
- ---------------------------------------------------------------
(7) (8) (9)=(1)-(5)-(7)+(8)
- ---------------------------------------------------------------
<S> <C> <C> <C>
A-F - - 222,797,553.13
A-V1 - - 149,559,255.98
A-V2 - - 14,852,495.33
C - 2,808,154.09 6,303,077.95
R-II - - -
- ---------------------------------------------------------------
Total - 2,808,154.09 393,512,382.39
- ---------------------------------------------------------------
</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% 225,308,784.84 1,424,890.31 - - -
A-V1 6.27500% 151,338,899.73 764,997.12 - - -
A-V2 6.33500% 15,396,060.19 78,569.09 - - -
C 5,496,830.64 - - - -
R-II - - - - -
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Total 397,540,575.40 2,268,456.52 - - -
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<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 1,424,890.31 1,424,890.31 -
A-V1 764,997.12 764,997.12 -
A-V2 78,569.09 78,569.09 -
C - 806,247.31 -
R-II - - -
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
Total 2,268,456.52 3,074,703.83 -
- ---------------------------------------------------------------------------------
</TABLE>
Page 3 of 27 -C- COPYRIGHT 2000
<PAGE>
DEUTSCHE BANK
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR MARCH 15, 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 22,530.87 149.29 251.12 400.41
LT-MF 232,971,973.85 229,646,106.10 1,836,609.95 2,099,111.66 3,935,721.61
LT-AV1 15,500.00 15,133.89 78.29 177.96 256.25
LT-MV1 154,984,500.00 152,386,822.40 1,202,290.52 1,342,094.10 2,544,384.62
LT-AV2 1,550.00 1,539.61 9.30 54.36 63.66
- ---------------------------------------------------------------------------------------------------------------------------------
LT-MV2 15,498,450.00 15,478,239.88 135,349.54 486,720.75 622,070.29
R-I - - - - -
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.85 397,550,372.75 3,174,486.89 3,928,409.95 7,102,896.84
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------
Current
Realized Deferred Principal
Class Losses Interest Balance
- -----------------------------------------------------------------------
(5) (6) (7)=(1)-(3)-(5)+(6)
- -----------------------------------------------------------------------
<S> <C> <C> <C>
LT-AF (0.01) - 22,279.76
LT-MF 32,467.51 41.19 227,514,568.12
LT-AV1 - - 14,955.93
LT-MV1 38,150.21 43.74 151,006,621.83
LT-AV2 - - 1,485.25
- -----------------------------------------------------------------------
LT-MV2 (4.00) 5.68 14,991,528.81
R-I - - -
- -----------------------------------------------------------------------
- -----------------------------------------------------------------------
- -----------------------------------------------------------------------
Total 70,613.71 90.61 393,551,439.70
- -----------------------------------------------------------------------
</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
- ---------------------------------------------------------------------------------------------------------------------------
(1)
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LT-AF F-30/360 22,950.00 981.737255
LT-MF F-30/360 232,971,973.85 985.724172
LT-AV1 02/15/00 03/14/00 A-Act/360 15,500.00 976.380000
LT-MV1 A-Act/360 154,984,500.00 983.239114
LT-AV2 02/15/00 03/14/00 A-Act/360 1,550.00 993.296774
- ---------------------------------------------------------------------------------------------------------------------------
LT-MV2 A-Act/360 15,498,450.00 998.695991
R-I - - -
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
Current
Total Principal
Class Interest Principal Distribution Balance
- -------------------------------------------------------------------------------
(2) (3) (4)=(2)+(3) (5)
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LT-AF 6.505011 10.942048 17.447059 970.795643
LT-MF 7.883394 9.010147 16.893541 976.574840
LT-AV1 5.050968 11.481290 16.532258 964.898710
LT-MV1 7.757489 8.659538 16.417026 974.333703
LT-AV2 6.000000 35.070968 41.070968 958.225806
- -------------------------------------------------------------------------------
LT-MV2 8.733102 31.404479 40.137581 967.292136
R-I - - - -
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
</TABLE>
Page 4 of 27 (C) COPYRIGHT 2000
<PAGE>
DEUTSCHE BANK
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR MARCH 15, 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 22,950.00 582.42 588.50 81.75 670.25 1,252.67
LT-MF 232,971,973.85 7,032,287.49 4,607,516.38 817,571.03 5,425,087.41 12,457,374.90
LT-AV1 15,500.00 319.27 516.68 27.38 544.06 863.33
LT-MV1 154,984,500.00 4,674,819.42 3,665,765.18 274,129.77 3,939,894.95 8,614,714.37
LT-AV2 1,550.00 33.49 61.78 2.98 64.76 98.25
LT-MV2 15,498,450.00 466,410.84 477,911.82 29,027.78 506,939.60 973,350.44
R-I - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.85 12,174,452.93 8,752,360.34 1,120,840.69 9,873,201.03 22,047,653.96
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------
Current
Realized Deferred Principal
Class Losses Interest Balance
- ------------------------------------------------------------------
(7) (8) (9)=(1)-(5)-(7)+(8)
- ------------------------------------------------------------------
<S> <C> <C> <C>
LT-AF (0.01) - 22,279.76
LT-MF 32,446.01 127.69 227,514,568.12
LT-AV1 0.01 - 14,955.93
LT-MV1 38,133.27 150.05 151,006,621.83
LT-AV2 (0.01) - 1,485.25
LT-MV2 (4.36) 14.05 14,991,528.81
R-I - - -
- ------------------------------------------------------------------
- ------------------------------------------------------------------
- ------------------------------------------------------------------
- ------------------------------------------------------------------
Total 70,574.91 291.79 393,551,439.70
- ------------------------------------------------------------------
</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% 22,530.87 149.29 - - -
LT-MF 9.16028% 229,646,106.10 1,836,651.14 - - -
LT-AV1 6.27500% 15,133.89 78.29 - - -
LT-MV1 9.25208% 152,386,822.40 1,202,334.26 - - -
LT-AV2 6.33500% 1,539.61 9.30 - - -
- --------------------------------------------------------------------------------------------------------------------------------
LT-MV2 9.17136% 15,478,239.88 135,355.22 - - -
R-I - - - - - -
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
Total 397,550,372.75 3,174,577.50 - - -
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<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 149.29 149.29 -
LT-MF 1,836,651.14 1,836,651.14 -
LT-AV1 78.29 78.29 -
LT-MV1 1,202,334.26 1,202,334.26 -
LT-AV2 9.30 9.30 -
- ------------------------------------------------------------------------
LT-MV2 135,355.22 135,355.22 -
R-I - - -
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
Total 3,174,577.50 3,174,577.50 -
- ------------------------------------------------------------------------
</TABLE>
Page 5 of 27 (C) COPYRIGHT 2000
<PAGE>
DEUTSCHE BANK
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR MARCH 15, 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 22,950.00 582.42 588.50 81.75 670.25 1,252.67
LT-MF 232,971,973.85 7,032,287.49 4,607,516.38 817,571.03 5,425,087.41 12,457,374.90
LT-AV1 15,500.00 319.27 516.68 27.38 544.06 863.33
LT-MV1 154,984,500.00 4,674,819.42 3,665,765.18 274,129.77 3,939,894.95 8,614,714.37
LT-AV2 1,550.00 33.49 61.78 2.98 64.76 98.25
LT-MV2 15,498,450.00 466,410.84 477,911.82 29,027.78 506,939.60 973,350.44
R-I
- - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.85 12,174,452.93 8,752,360.34 1,120,840.69 9,873,201.03 22,047,653.96
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------
Current
Realized Deferred Principal
Class Losses Interest Balance
- ------------------------------------------------------------------
(7) (8) (9)=(1)-(5)-(7)+(8)
- ------------------------------------------------------------------
<S> <C> <C> <C>
LT-AF (0.01) - 22,279.76
LT-MF 32,446.01 127.69 227,514,568.12
LT-AV1 0.01 - 14,955.93
LT-MV1 38,133.27 150.05 151,006,621.83
LT-AV2 (0.01) - 1,485.25
LT-MV2 (4.36) 14.05 14,991,528.81
R-I
- - -
- ------------------------------------------------------------------
Total 70,574.91 291.79 393,551,439.70
- ------------------------------------------------------------------
</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% 22,530.87 149.29 - - -
LT-MF 9.16028% 229,646,106.10 1,836,651.14 - - -
LT-AV1 6.27500% 15,133.89 78.29 - - -
LT-MV1 9.25208% 152,386,822.40 1,202,334.26 - - -
LT-AV2 6.33500% 1,539.61 9.30 - - -
- --------------------------------------------------------------------------------------------------------------------------------
LT-MV2 9.17136% 15,478,239.88 135,355.22 - - -
R-I
- - - - -
- --------------------------------------------------------------------------------------------------------------------------------
Total 397,550,372.75 3,174,577.50 - - -
- --------------------------------------------------------------------------------------------------------------------------------
<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 149.29 149.29 -
LT-MF 1,836,651.14 1,836,651.14 -
LT-AV1 78.29 78.29 -
LT-MV1 1,202,334.26 1,202,334.26 -
LT-AV2 9.30 9.30 -
- ------------------------------------------------------------------------
LT-MV2 135,355.22 135,355.22 -
R-I
- - -
- ------------------------------------------------------------------------
Total 3,174,577.50 3,174,577.50 -
- ------------------------------------------------------------------------
</TABLE>
Page 5 of 27 (C) COPYRIGHT 2000 Deutsche Bank
<PAGE>
DEUTSCHE BANK
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-2
COLLECTION ACCOUNT REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
- --------------------------------------------------------------------------------------------------------------------------
SUMMARY ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 486,769.43 1,342,228.32 2,099,321.59 3,928,319.34
Principal Withdrawals 0.00 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00 0.00
TOTAL NET PRINCIPAL 486,769.43 1,342,228.32 2,099,321.59 3,928,319.34
Interest Collections 148,160.08 1,344,205.60 2,022,362.24 3,514,727.92
Interest Withdrawals 0.00 (3,949.40) (2,779.81) (6,729.21)
Interest Other Accounts 0.00 0.00 0.00 0.00
Interest Fees (12,795.56) (137,843.65) (182,782.00) (333,421.21)
TOTAL NET INTEREST 135,364.52 1,202,412.55 1,836,800.43 3,174,577.50
TOTAL AVAILABLE FUNDS TO BONDHOLDERS 622,133.95 2,544,640.87 3,936,122.02 7,102,896.84
Capitalized Interest 0.00 0.00 0.00 0.00
TOTAL REMITANCE DUE FROM SERVICER 629,048.54 2,628,498.13 4,035,190.11 7,292,736.78
- --------------------------------------------------------------------------------------------------------------------------
<CAPTION>
PRINCIPAL - COLLECTIONS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Scheduled Principal 8,804.13 75,016.22 218,097.54 301,917.89
Curtailments 0.00 0.00 0.00 0.00
Prepayments in Full 477,965.30 1,267,212.10 1,881,224.05 3,626,401.45
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 38,194.90 32,500.00 70,694.90
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 (38,194.90) (32,500.00) (70,694.90)
Mortgage Replacement Amount 0.00 0.00 0.00 0.00
TOTAL PRINCIPAL COLLECTED 486,769.43 1,342,228.32 2,099,321.59 3,928,319.34
</TABLE>
Page 6 of 27 (C) COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR MARCH 15, 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 128,968.41 1,321,949.53 1,947,570.53 3,398,488.47
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 437.81 383.77 821.58
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 (12,308.47) (214,229.81) (261,256.18) (487,794.46)
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 11,739.53 204,715.36 249,274.81 465,729.70
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 19,760.61 31,332.71 86,389.31 137,482.63
TOTAL INTEREST COLLECTED 148,160.08 1,344,205.60 2,022,362.24 3,514,727.92
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 7 of 27 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
- ---------------------------------------------------------------------------------------------------------------------------------
INTEREST - WITHDRAWALS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Unpaid Servicing Fees 0.00 0.00 0.00 0.00
Advances Reimbursed 0.00 3,949.40 2,779.81 6,729.21
TOTAL INTEREST WITHDRAWLS 0.00 3,949.40 2,779.81 6,729.21
<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 5,880.97 53,986.39 83,713.91 143,581.27
Back Up Servicing Fees 322.50 3,175.04 4,784.76 8,282.30
Certificate Insurance Premiums 2,950.91 29,006.62 43,184.18 75,141.71
Trustee Fees 0.00 0.00 0.00 0.00
PMI 3,641.18 51,675.60 51,099.15 106,415.93
TOTAL INTEREST OTHER FEES 12,795.56 137,843.65 182,782.00 333,421.21
</TABLE>
Page 8 of 27 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
CREDIT ENHANCEMENT REPORT FOR MARCH 15, 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 2,950.91 29,006.62 43,184.18 75,141.71
Insurance Premium Paid 2,950.91 29,006.62 43,184.18 75,141.71
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
- --------------------------------------------------------------------------------------------------------------------------------
STRUCTURAL FEATURES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Extra Principal Distribution Amt 56,795.43 437,415.43 411,910.12 906,120.98
Overcollateralization Amount 140,518.73 1,462,321.78 4,739,294.75 6,342,135.26
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 613,776.70 5,950,093.65 6,157,386.94 12,721,257.29
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 9 of 27
<PAGE>
- --------------------------------------------------------------------------------
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR MARCH 15, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
- -----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Loan Count:
ORIGINAL 40 1672 2983 4695
Prior 55 1,848 3,370 5,273
Prefunding - - - -
Scheduled Paid Offs - - - -
Full Voluntary Prepayments (2) (17) (30) (49)
Repurchases - - - -
Liquidations - (2) (1) (3)
------------------------------------------------------------------------------------------------------------------------------
Current 53 1,829 3,339 5,221
PRINCIPAL BALANCE:
Original 12,355,122.19 140,132,704.74 204,775,276.64 357,263,103.57
Prior 15,479,783.49 152,402,000.98 229,668,669.47 397,550,453.94
Prefunding - - - -
Scheduled Principal (8,804.13) (75,016.22) (218,097.54) (301,917.89)
Partial and Full Voluntary Prepayments (477,965.30) (1,267,212.10) (1,881,224.05) (3,626,401.45)
Repurchases - - - -
------------------------------------------------------------------------------------------------------------------------------
Liquidations - (38,194.90) (32,500.00) (70,694.90)
Current 14,993,014.06 151,021,577.76 227,536,847.88 393,551,439.70
- -----------------------------------------------------------------------------------------------------------------------------------
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>
<TABLE>
<S><C>
CURRENT PRIN BALANCE BY GROUPS (IN MILLIONS OF DOLLARS) TOTAL CURRENT PRINCIPAL BALANCE (IN MILLIONS OF DOLLARS)
[CHART] [CHART]
</TABLE>
Page 10 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR MARCH 15, 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 9.962806% 10.407734% 10.182463% 10.260426%
Weighted Average Coupon Current 9.997691% 10.412362% 10.177902% 10.260766%
------------------------------------------------------------------------------------------------------------------------------
Weighted Average Months to Maturity Original 358 357 324 338
Weighted Average Months to Maturity Prior 356 355 322 336
Weighted Average Months to Maturity Current 355 354 321 335
------------------------------------------------------------------------------------------------------------------------------
Weighted Avg Remaining Amortization Term Original 358 357 325 339
Weighted Avg Remaining Amortization Term Prior 357 355 323 337
Weighted Avg Remaining Amortization Term Current 356 354 322 336
------------------------------------------------------------------------------------------------------------------------------
Weighted Average Seasoning Original 1.75 1.69 1.86 1.79
Weighted Average Seasoning Prior 3.32 3.50 3.59 3.55
Weighted Average Seasoning Current 4.30 4.50 4.59 4.54
- -----------------------------------------------------------------------------------------------------------------------------------
</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 MARCH 15, 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 5.904% 5.919%
Weighted Average Margin Current 5.904% 5.919%
---------------------------------------------------------------------------------------------------------------------------
Weighted Average Max Rate Original 15.848% 16.424% 10.137%
Weighted Average Max Rate Prior 15.996% 16.458% 10.182%
Weighted Average Max Rate Current 15.997% 16.457% 10.178%
---------------------------------------------------------------------------------------------------------------------------
Weighted Average Min Rate Original 9.821% 10.357% 10.137%
Weighted Average Min Rate Prior 9.963% 10.396% 10.121%
Weighted Average Min Rate Current 9.963% 10.399% 10.116%
---------------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Up Original 2.026% 2.026%
Weighted Average Cap Up Prior 2.034% 2.024%
Weighted Average Cap Up Current 2.034% 2.024%
---------------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Down Original 2.026% 2.026%
Weighted Average Cap Down Prior 2.034% 2.024%
Weighted Average Cap Down Current 2.034% 2.024%
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
SERVICING FEES / ADVANCES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current Servicing Fees 5,880.97 53,986.39 83,713.91 143,581.27
Delinquent Servicing Fees 568.94 9,514.45 11,981.37 22,064.76
TOTAL SERVICING FEES 6,449.91 63,500.84 95,695.28 165,646.03
Total Servicing Fees 6,449.91 63,500.84 95,695.28 165,646.03
Compensating Interest 0.00 0.00 0.00 0.00
Delinquent Servicing Fees (568.94) (9,514.45) (11,981.37) (22,064.76)
COLLECTED SERVICING FEES 5,880.97 53,986.39 83,713.91 143,581.27
Prepayment Interest Shortfall 0.00 0.00 0.00 0.00
Total Advanced Interest 11,739.53 204,715.36 249,274.81 465,729.70
<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 MARCH 15, 2000 DISTRIBUTION
- -------------------------------------------------------------------------------
DELINQUENCY REPORT - TOTAL
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 8,066,616.86 908,826.47 626,568.84 9,602,012.17
% Balance 2.05% 0.23% 0.16% 2.44%
# Loans 115 13 16 144
% # Loans 2.20% 0.25% 0.31% 2.76%
- -----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - 2,741,842.55 9,065,202.75 11,807,045.30
% Balance 0.00% 0.00% 0.70% 2.30% 3.00%
# Loans - - 35 131 166
% # Loans 0.00% 0.00% 0.67% 2.51% 3.18%
- -----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 811,433.96 95,075.68 199,540.21 112,033.61 1,218,083.46
% Balance 0.21% 0.02% 0.05% 0.03% 0.31%
# Loans 8 2 3 2 15
% # Loans 0.15% 0.04% 0.06% 0.04% 0.29%
- -----------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 63,750.00 63,750.00
% Balance 0.00% 0.00% 0.00% 0.02% 0.02%
# Loans - - - 1 1
% # Loans 0.00% 0.00% 0.00% 0.02% 0.02%
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 811,433.96 8,161,692.54 3,850,209.23 9,867,555.20 22,690,890.93
% Balance 0.21% 2.07% 0.98% 2.51% 5.77%
# Loans 8 117 51 150 326
% # Loans 0.15% 2.24% 0.98% 2.87% 6.24%
- -----------------------------------------------------------------------------------------------------------------------------------
</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
[GRAPHIC] [GRAPHIC]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPHIC] [GRAPHIC]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 13 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR MARCH 15, 2000 DISTRIBUTION
- -------------------------------------------------------------------------------
DELINQUENCY REPORT - FIXED GROUP
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 3,873,155.67 708,053.00 441,722.22 5,022,930.89
% Balance 1.70% 0.31% 0.19% 2.21%
# Loans 61 10 13 84
% # Loans 1.83% 0.30% 0.39% 2.52%
- ---------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - 711,118.95 4,018,857.05 4,729,976.00
% Balance 0.00% 0.00% 0.31% 1.77% 2.08%
# Loans - - 13 66 79
% # Loans 0.00% 0.00% 0.39% 1.98% 2.37%
- ---------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 699,163.63 95,075.68 48,823.07 112,033.61 955,095.99
% Balance 0.31% 0.04% 0.02% 0.05% 0.42%
# Loans 7 2 1 2 12
% # Loans 0.21% 0.06% 0.03% 0.06% 0.36%
- ---------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 63,750.00 63,750.00
% Balance 0.00% 0.00% 0.00% 0.03% 0.03%
# Loans - - - 1 1
% # Loans 0.00% 0.00% 0.00% 0.03% 0.03%
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 699,163.63 3,968,231.35 1,467,995.02 4,636,362.88 10,771,752.88
% Balance 0.31% 1.74% 0.65% 2.04% 4.73%
# Loans 7 63 24 82 176
% # Loans 0.21% 1.89% 0.72% 2.46% 5.27%
- ---------------------------------------------------------------------------------------------------------------------------------
</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
[GRAPHIC] [GRAPHIC]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPHIC] [GRAPHIC]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 14 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR MARCH 15, 2000 DISTRIBUTION
- -------------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE 1 GROUP
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 4,193,461.19 200,773.47 184,846.62 4,579,081.28
% Balance 2.78% 0.13% 0.12% 3.03%
# Loans 54 3 3 60
% # Loans 2.95% 0.16% 0.16% 3.28%
- -----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - 1,930,723.60 5,046,345.70 6,977,069.30
% Balance 0.00% 0.00% 1.28% 3.34% 4.62%
# Loans - - 21 65 86
% # Loans 0.00% 0.00% 1.15% 3.55% 4.70%
- -----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 112,270.33 - 150,717.14 - 262,987.47
% Balance 0.07% 0.00% 0.10% 0.00% 0.17%
# Loans 1 - 2 - 3
% # Loans 0.05% 0.00% 0.11% 0.00% 0.16%
- -----------------------------------------------------------------------------------------------------------------------------------
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 112,270.33 4,193,461.19 2,282,214.21 5,231,192.32 11,819,138.05
% Balance 0.07% 2.78% 1.51% 3.46% 7.83%
# Loans 1 54 26 68 149
% # Loans 0.05% 2.95% 1.42% 3.72% 8.15%
- -----------------------------------------------------------------------------------------------------------------------------------
</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
[GRAPHIC] [GRAPHIC]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPHIC] [GRAPHIC]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 15 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR MARCH 15, 2000 DISTRIBUTION
- -------------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE 2 GROUP
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance - - - -
% Balance 0.00% 0.00% 0.00% 0.00%
# Loans - - - -
% # Loans 0.00% 0.00% 0.00% 0.00%
- -------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - 100,000.00 - 100,000.00
% Balance 0.00% 0.00% 0.67% 0.00% 0.67%
# Loans - - 1 - 1
% # Loans 0.00% 0.00% 1.89% 0.00% 1.89%
- -------------------------------------------------------------------------------------------------------------------------------
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 - - 100,000.00 - 100,000.00
% Balance 0.00% 0.00% 0.67% 0.00% 0.67%
# Loans - - 1 - 1
% # Loans 0.00% 0.00% 1.89% 0.00% 1.89%
- -------------------------------------------------------------------------------------------------------------------------------
</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
[GRAPHIC] [GRAPHIC]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPHIC] [GRAPHIC]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 16 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REO REPORT FOR MARCH 15, 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 = Not Available
Total Original Principal Balance = 000.00 Loan Group 2 = Adjustable 1 Group; REO Book Value = Not Available
Total Current Balance = 000.00 Loan Group 3 = Adjustable 2 Group; REO Book Value = Not Available
REO Book Value = Not Available Loan Group 3 = Adjustable 2 Group; REO Book Value = Not Available
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
REO Book Value reported corresponds to total REO loans, including loans that
become REO during current distribution.
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------
Loan Number Original Stated Current State &
& Principal Principal Paid to Note LTV at Original Origination
Loan Group Balance Balance Date Rate Origination Term Date
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
- -------------------------------------------------------------------------------
</TABLE>
Page 17 of 27 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR MARCH 15, 2000 DISTRIBUTION
- -------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CURRENT
Number of Paid in Full Loans 2 17 30 49
Number of Repurchased Loans - - - -
-----------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 2 17 30 49
Paid in Full Balance 477,965.30 1,267,212.10 1,881,224.05 3,626,401.45
Repurchased Loans Balance - - - -
Curtailments Amount - - - -
-----------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 477,965.30 1,267,212.10 1,881,224.05 3,626,401.45
CUMULATIVE
Number of Paid in Full Loans 2 44 83 129
Number of Repurchased Loans - - - -
-----------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 2 44 83 129
Paid in Full Balance 477,965.30 3,668,882.56 4,619,261.74 8,766,109.60
Repurchased Loans Balance - - - -
Curtailments Amount (900.31) (3,755.53) (12,674.55) (17,330.39)
-----------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 477,064.99 3,665,127.03 4,606,587.19 8,748,779.21
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 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR MARCH 15, 2000 DISTRIBUTION
- -------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SMM 3.09% 0.83% 0.82% 0.91%
3 Months Avg SMM 1.04% 0.61% 0.57% 0.60%
12 Months Avg SMM
Avg SMM Since Cut-off 0.78% 0.61% 0.51% 0.56%
CPR 31.38% 9.54% 9.41% 10.42%
3 Months Avg CPR 11.80% 7.07% 6.64% 7.01%
12 Months Avg CPR
Avg CPR Since Cut-off 8.98% 7.10% 5.94% 6.52%
PSA 3648.55% 1059.99% 1024.59% 1146.55%
3 Months Avg PSA Approximation 1778.91% 1009.56% 924.41% 987.96%
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 1535.80% 1164.39% 939.78% 1047.97%
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Fixed Adjustable 2
Adjustable 1
CPR BY GROUPS TOTAL CPR
[GRAPH] [GRAPH]
PSA BY GROUPS TOTAL PSA
[GRAPH] [GRAPH]
Page 19 of 27 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR MARCH 15, 2000 DISTRIBUTION
- --------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
- --------------------------------------------------------------------------------
Fixed Adjustable 2
Adjustable 1
CPR AVG SINCE CUT-OFF BY GROUPS TOTAL CPR AVG SINCE CUT-OFF
[GRAPH] [GRAPH]
PSA AVG SINCE CUT-OFF BY GROUPS TOTAL PSA AVG SINCE CUT-OFF
[GRAPH] [GRAPH]
PREPAYMENT CALCULATION METHODOLOGY
- -------------------------------------------------------------------------------
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 -C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR MARCH 15, 2000 DISTRIBUTION
- -------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SUMMARY LOAN GROUP
- ------------------------------------------------------------------------------------------
<S> <C>
Total Loan Count = 49 Loan Group 1 = Fixed Group
Total Original Principal Balance = 3,634,356.00 Loan Group 2 = Adjustable 1 Group
Total Prepayment Amount = 3,626,401.45 Loan Group 3 = Adjustable 2 Group
Loan Group 3 = Adjustable 2 Group
- ------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Current State &
& Loan Principal Prepayment Prepayment Note LTV at
Loan Group Status Balance Amount Date Rate Origination
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1471333 1 105,350.00 105,171.02 Feb-28-00 10.250% TX - 79.81%
7631014 1 39,500.00 39,024.75 Feb-28-00 12.250% MA - 12.34%
7633130 1 33,600.00 33,333.23 Feb-28-00 12.250% MA - 12.26%
7635656 1 25,000.00 24,667.49 Feb-28-00 9.250% OH - 40.98%
7650841 1 200,000.00 199,622.19 Feb-28-00 9.750% CA - 80.00%
7653050 1 30,000.00 29,656.25 Feb-28-00 10.750% FL - 19.61%
7654898 1 72,200.00 72,004.27 Feb-28-00 8.000% DC - 60.17%
7665040 1 46,900.00 46,845.51 Feb-28-00 12.000% OH - 70.00%
7671768 1 191,200.00 190,794.72 Feb-28-00 9.200% NJ - 74.98%
7675798 1 41,250.00 41,207.37 Feb-28-00 11.200% OH - 72.37%
7676204 1 65,000.00 64,879.79 Feb-28-00 8.450% AZ - 41.14%
7683529 1 67,200.00 67,133.62 Feb-28-00 9.500% CA - 70.00%
7683537 1 56,000.00 55,343.35 Feb-28-00 7.950% CA - 18.98%
7684150 1 10,000.00 9,906.84 Feb-28-00 11.000% GA - 12.50%
7684320 1 45,000.00 44,726.40 Feb-28-00 9.700% CA - 13.68%
7689578 1 27,500.00 27,353.44 Feb-28-00 8.950% MA - 22.92%
7698445 1 30,000.00 29,973.33 Feb-28-00 10.000% MI - 28.57%
7699026 1 45,000.00 44,957.84 Feb-28-00 9.750% OH - 64.29%
9510389 1 33,750.00 33,704.88 Feb-28-00 11.360% IN - 86.54%
9525939 1 52,200.00 52,054.98 Feb-28-00 8.990% CA - 60.00%
9529098 1 27,000.00 26,671.25 Feb-28-00 9.690% FL - 52.94%
9532978 1 33,200.00 33,163.91 Feb-28-00 10.970% IN - 80.00%
9534865 1 26,600.00 26,566.87 Feb-28-00 14.420% MI - 64.88%
9535519 1 FCL 58,500.00 58,488.82 Feb-28-00 13.790% FL - 65.00%
9542264 1 105,625.00 105,520.65 Feb-28-00 13.790% FL - 64.02%
9552634 1 161,600.00 161,329.23 Feb-28-00 11.370% NY - 80.00%
9563628 1 35,000.00 34,926.83 Feb-28-00 11.720% IA - 31.82%
9567585 1 24,000.00 23,986.56 Feb-28-00 13.940% MI - 60.00%
9583319 1 FCL 94,400.00 94,400.00 Feb-28-00 11.870% NC - 80.00%
9734155 1 104,000.00 103,808.66 Feb-28-00 9.875% CA - 40.78%
1486756 2 119,000.00 118,872.92 Feb-28-00 11.050% CO - 68.00%
7642059 2 88,000.00 87,746.32 Feb-28-00 9.750% FL - 80.00%
7653301 2 110,000.00 109,744.07 Feb-28-00 8.750% NY - 50.46%
9510672 2 33,800.00 33,756.24 Feb-28-00 12.540% MI - 65.00%
9518428 2 FCL 46,781.00 46,769.08 Feb-28-00 12.520% SC - 61.15%
9522840 2 136,000.00 135,723.85 Feb-28-00 7.990% CA - 80.00%
9538658 2 42,250.00 42,202.99 Feb-28-00 13.220% SC - 65.00%
9546545 2 40,000.00 39,941.63 Feb-28-00 9.590% FL - 80.00%
9547290 2 87,000.00 86,872.50 Feb-28-00 9.570% SC - 69.60%
9557229 2 62,000.00 61,933.23 Feb-28-00 9.540% NY - 44.29%
9559019 2 93,500.00 93,370.85 Feb-28-00 9.850% IL - 62.33%
9561846 2 68,250.00 68,186.32 Feb-28-00 9.770% TN - 65.00%
9566295 2 105,000.00 104,830.78 Feb-28-00 10.540% NY - 63.64%
9567437 2 43,400.00 43,366.17 Feb-28-00 12.480% MO - 70.00%
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------
Loan Number Type Prepayment
& & Origination
Loan Group Original Term Date
- -------------------------------------------------------------
<S> <C> <C>
1471333 1 Paid Off - 360 Jul-22-99
7631014 1 Paid Off - 180 Jun-28-99
7633130 1 Paid Off - 180 Aug-16-99
7635656 1 Paid Off - 180 Jul-23-99
7650841 1 Paid Off - 360 Aug-09-99
7653050 1 Paid Off - 180 Jul-30-99
7654898 1 Paid Off - 360 Aug-16-99
7665040 1 Paid Off - 360 Aug-26-99
7671768 1 Paid Off - 360 Aug-31-99
7675798 1 Paid Off - 360 Sep-29-99
7676204 1 Paid Off - 360 Sep-07-99
7683529 1 Paid Off - 360 Oct-15-99
7683537 1 Paid Off - 180 Sep-28-99
7684150 1 Paid Off - 180 Sep-27-99
7684320 1 Paid Off - 180 Oct-04-99
7689578 1 Paid Off - 180 Oct-18-99
7698445 1 Paid Off - 360 Oct-13-99
7699026 1 Paid Off - 360 Oct-14-99
9510389 1 Paid Off - 360 Jun-08-99
9525939 1 Paid Off - 360 Jun-15-99
9529098 1 Paid Off - 180 Sep-01-99
9532978 1 Paid Off - 360 Sep-09-99
9534865 1 Paid Off - 360 Aug-02-99
9535519 1 Paid Off - 360 Aug-31-99
9542264 1 Paid Off - 360 Aug-12-99
9552634 1 Paid Off - 360 Jul-22-99
9563628 1 Paid Off - 180 Sep-22-99
9567585 1 Paid Off - 360 Sep-27-99
9583319 1 Paid Off - 360 Oct-27-99
9734155 1 Paid Off - 360 Aug-31-99
1486756 2 Paid Off - 360 Oct-29-99
7642059 2 Paid Off - 360 Jul-22-99
7653301 2 Paid Off - 360 Aug-16-99
9510672 2 Paid Off - 360 Jul-23-99
9518428 2 Paid Off - 360 Jul-26-99
9522840 2 Paid Off - 360 Sep-14-99
9538658 2 Paid Off - 360 Jul-30-99
9546545 2 Paid Off - 360 Jul-22-99
9547290 2 Paid Off - 360 Aug-31-99
9557229 2 Paid Off - 360 Aug-24-99
9559019 2 Paid Off - 360 Sep-15-99
9561846 2 Paid Off - 360 Sep-20-99
9566295 2 Paid Off - 360 Sep-22-99
9567437 2 Paid Off - 360 Sep-24-99
- -------------------------------------------------------------
</TABLE>
Page 21 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR MARCH 15, 2000 DISTRIBUTION
- -------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Current State &
& Loan Principal Prepayment Prepayment Note LTV at
Loan Group Status Balance Amount Date Rate Origination
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
9573666 2 98,100.00 97,970.39 Feb-28-00 10.060% PA - 90.00%
9578749 2 31,000.00 30,964.44 Feb-28-00 10.720% OH - 50.00%
9579605 2 65,000.00 64,960.32 Feb-28-00 11.730% IL - 69.89%
7635249 3 245,700.00 245,141.52 Feb-28-00 9.950% CA - 90.00%
9582657 3 233,000.00 232,823.78 Feb-28-00 10.750% CA - 71.69%
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------
Loan Number
& Original Origination
Loan Group Term Date
- --------------------------------------------------------------
<S> <C> <C>
9573666 2 Paid Off - 360 Oct-06-99
9578749 2 Paid Off - 360 Oct-15-99
9579605 2 Paid Off - 360 Oct-18-99
7635249 3 Paid Off - 360 Jun-28-99
9582657 3 Paid Off - 360 Oct-29-99
- --------------------------------------------------------------
</TABLE>
Page 22 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
Realized Loss Report for March 15, 2000 Distribution
- -------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
COLLATERAL REALIZED LOSSES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CURRENT
Number of Loans Liquidated - 2 1 3
Collateral Realized Loss/(Gain) Amount - 38,194.90 32,500.00 70,694.90
Net Liquidation Proceeds - - - -
CUMULATIVE
Number of Loans Liquidated - 2 1 3
Collateral Realized Loss/(Gain) Amount - 38,194.90 32,500.00 70,694.90
Net Liquidation Proceeds - - - -
Note: Collateral realized losses may include
adjustments to loans liquidated in prior periods.
Loss Percentage 0.0000% 0.0246% 0.0139% 0.0386%
Annualized Loss Percentage 0.0000% 0.0246% 0.0139% 0.0386%
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Fixed Adjustable 2 3 Months Moving Average
Adjustable 1
<TABLE>
<S> <C>
COLLATERAL LOSS SEVERITY APPROXIMATION BY GROUPS COLLATERAL LOSS SEVERITY APPROXIMATION
[GARPHIC] [GARPHIC]
</TABLE>
Page 23 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
Realized Loss Report for March 15, 2000 Distribution
- -------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
DEFAULT SPEEDS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MDR 0.00% 0.03% 0.01% 0.02%
3 Months Avg MDR 0.00% 0.01% 0.00% 0.01%
12 Months Avg MDR
Avg MDR Since Cut-off 0.00% 0.01% 0.00% 0.00%
CDR 0.00% 0.30% 0.17% 0.21%
3 Months Avg CDR 0.00% 0.10% 0.06% 0.07%
12 Months Avg CDR
Avg CDR Since Cut-off 0.00% 0.08% 0.04% 0.05%
SDA 0.00% 3.34% 1.85% 2.35%
3 Months Avg SDA Approximation 0.00% 1.43% 0.79% 1.00%
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation 0.00% 1.23% 0.67% 0.86%
Loss Severity Approximation for Current Period 100.00% 100.00% 100.00%
3 Months Avg Loss Severity Approximation 100.00% 100.00% 100.00%
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off 100.00% 100.00% 100.00%
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Fixed Adjustable 2
Adjustable 1
CDR BY GROUPS TOTAL CDR
[GRAPHIC] [GRAPHIC]
SDA BY GROUPS TOTAL SDA
[GRAPHIC] [GRAPHIC]
Page 24 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
Realized Loss Report for March 15, 2000 Distribution
- --------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- --------------------------------------------------------------------------------
Fixed Adjustable 2
Adjustable 1
CDR AVG SINCE CUT-OFF BY GROUPS TOTAL CDR AVG SINCE CUT-OFF
[GRAPHIC] [GRAPHIC]
SDA AVG SINCE CUT-OFF BY GROUPS TOTAL SDA AVG SINCE CUT-OFF
[GRAPHIC] [GRAPHIC]
<TABLE>
<CAPTION>
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C>
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS < 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 March 15, 2000 Distribution
- -------------------------------------------------------------------------------
Realized Loss Detail Report - Loans Liquidated During Current Distribution
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SUMMARY LOAN GROUP
- ----------------------------------------------------- ---------------------------------------
<S> <C>
Total Loan Count = 3 Loan Group 1 = Fixed Group
Total Original Principal Balance = 70,700.00 Loan Group 2 = Adjustable 1 Group
Total Prior Principal Balance = 70,694.90 Loan Group 3 = Adjustable 2 Group
Total Realized Loss Amount = 70,694.90 Loan Group 3 = Adjustable 2 Group
Total Net Liquidation Proceeds = 0.00
- ----------------------------------------------------- ---------------------------------------
</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>
9509003 1 32,500.00 32,500.00 - 14.170% FL - 65.00% 360 Jul-23-99
9541632 2 20,000.00 20,000.00 - 15.270% PA - 55.56% 180 Jul-26-99
9544755 2 18,200.00 18,194.90 - 12.090% MI - 65.00% 360 Jun-03-99
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 26 of 27
<PAGE>
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
Triggers, Adj. Rate Cert. and Miscellaneous Report for March 15, 2000
DISTRIBUTION
- -------------------------------------------------------------------------------
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
TRIGGER EVENTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Step Down Cumulative Loss Test No No No No
Step Down Rolling Delinquency Test Yes Yes Yes Yes
Step Down Rolling Loss Test Yes Yes Yes Yes
Step Down Tigger No No No No
Step Up Cumulative Loss Test No No No No
Step Up Rolling Delinquency Test No No No No
Step Up Rolling Loss Test No No No No
Step Up Tigger No No No No
Step Up Spread Squeeze Test No No No No
Spread Squeeze Condition No No No No
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ADJUSTABLE RATE CERTIFICATE INFORMATION ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ADJUSTABLE RATE CERTIFICATE 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
