<PAGE>
EXHIBIT 20.1
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
OCTOBER 25, 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 22
11. Realized Loss Detail Report 25
12. Triggers, Adj. Rate Cert. and Miscellaneous Report 26
---------
Total Number of Pages 26
----------------------------------------------------------------------
</TABLE>
CONTACTS
----------------------------------------------------------------------
Administrator: Joyce B Santiago
Direct Phone Number: (714)247-6318
Address: Deutsche Bank
1761 E. St. Andrew Place, Santa Ana, CA 92705
Web Site: http://www-apps.gis.deutsche-bank.com/invr
Factor Information: (800) 735-7777
Main Phone Number: (714) 247-6000
----------------------------------------------------------------------
<TABLE>
<CAPTION>
ISSUANCE INFORMATION
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Seller: Aames Capital Corporation Cut-Off Date: September 1, 2000
Certificate Insurer: Financial Security Assurance Inc. Closing Date: September 21, 2000
Servicer(s): Countrywide Home Loans, Inc. Master Servicer First Payment Date: October 25, 2000
Underwriter(s): Greenwich Capital Markets, Inc. Underwriter Distribution Date: October 25, 2000
Lehman Brothers Securities Corporation Underwriter Record Date: October 24, 2000
Morgan Stanley Dean Witter Underwriter September 29, 2000
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 1 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 2000-1
CERTIFICATE PAYMENT REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
--------------------------------------------------------------------------------
Prior
Class Original Principal
Class Type Face Value Balance Interest
--------------------------------------------------------------------------------
(1) (2)
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LT-A1F 6,266,266.40 52.80
LT-A2F 3,13,150.00 26.54
LT-A3F 3,003,000.00 28.65
LT-A4F 4,254,250.00 35.81
LT-A5F 2,82,821.60 23.78
--------------------------------------------------------------------------------
LT-A6F 1,41,400.00 11.80
LT-MF 208,860,684.38 208,860,684.38 1,759,818.12
LT-AV1 12,367.66 12,367.66 100.98
LT-MV1 125,547,895.79 125,547,895.79 1,024,981.12
LT-AV2 12,367.66 12,367.66 99.07
--------------------------------------------------------------------------------
LT-MV2 125,547,660.76 125,547,660.76 1,005,623.56
P 100.00 100.00 36,408.84
R-I - - -
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Total 460,001,964.25 460,001,964.25 3,827,211.07
--------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Current
Total Realized Deferred Principal
Principal Distribution Losses Interest Balance
------------------------------------------------------------------------------------------------------------------
(3) (4)=(2)+(3) (5) (6) (7)=(1)-(3)-(5)+(6)
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
LT-A1F 126.97 179.77 (0.01) - 6,139.44
LT-A2F - 26.54 - - 3,150.00
LT-A3F - 28.65 - - 3,000.00
LT-A4F - 35.81 - - 4,250.00
LT-A5F - 23.78 - - 2,821.60
------------------------------------------------------------------------------------------------------------------
LT-A6F - 11.80 - - 1,400.00
LT-MF 849,639.14 2,609,457.26 0.01 42.00 208,011,087.23
LT-AV1 75.25 176.23 - - 12,292.41
LT-MV1 529,949.16 1,554,930.28 1.00 22.25 125,017,967.88
LT-AV2 52.30 151.37 - - 12,315.36
------------------------------------------------------------------------------------------------------------------
LT-MV2 320,957.58 1,326,581.14 - 20.20 125,226,723.38
P - 36,408.84 - - 100.00
R-I - - - - -
------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------
Total 1,700,800.40 5,528,011.47 1.00 84.45 458,301,247.30
------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST ACCRUAL DETAIL CURRENT PERIOD FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE
---------------------------------------------------------------------------------------------------------------------
Orig. Principal Prior
Period Period (with Notional) Principal
Class Starting Ending Method Cusip Balance Balance Interest
---------------------------------------------------------------------------------------------------------------------
(1) (2)
---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
LT-A1F F-30/360 6,266.40 1,000.000000 8.425890
LT-A2F F-30/360 3,15.00 1,000.000000 8.425397
LT-A3F F-30/360 3,000.00 1,000.000000 9.550000
LT-A4F F-30/360 4,250.00 1,000.000000 8.425882
LT-A5F F-30/360 2,821.60 1,000.000000 8.427842
---------------------------------------------------------------------------------------------------------------------
LT-A6F F-30/360 1,400.00 1,000.000000 8.428571
LT-MF F-30/360 208,860,684.38 1,000.000000 8.425799
LT-AV1 09/21/00 10/24/00 A-Act/360 12,367.66 1,000.000000 8.164843
LT-MV1 09/21/00 10/24/00 A-Act/360 125,547,895.79 1,000.000000 8.164065
LT-AV2 09/21/00 10/24/00 A-Act/360 12,367.66 1,000.000000 8.010408
---------------------------------------------------------------------------------------------------------------------
LT-MV2 09/21/00 10/24/00 A-Act/360 125,547,660.76 1,000.000000 8.009895
P A- 100.00 1,000.000000 364,088.400000
R-I - -- -
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------------------------------------------
Current
Total Principal
Principal Distribution Balance
---------------------------------------------------------------------------------
(3) (4)=(2)+(3) (5)
---------------------------------------------------------------------------------
<S> <C> <C> <C>
LT-A1F 20.262032 28.687923 979.739563
LT-A2F - 8.425397 1,000.000000
LT-A3F - 9.550000 1,000.000000
LT-A4F - 8.425882 1,000.000000
LT-A5F - 8.427842 1,000.000000
---------------------------------------------------------------------------------
LT-A6F - 8.428571 1,000.000000
LT-MF 4.067971 12.493770 995.932230
LT-AV1 6.084417 14.249260 993.915583
LT-MV1 4.221092 12.385156 995.779078
LT-AV2 4.228771 12.239179 995.771229
---------------------------------------------------------------------------------
LT-MV2 2.556460 10.566355 997.443701
P - 364,088.400000 1,000.000000
R-I - - -
---------------------------------------------------------------------------------
---------------------------------------------------------------------------------
</TABLE>
Page 2 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 2000-1
CERTIFICATE PAYMENT REPORT FOR OCTOBER 25, 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-A1F 6,266.40 52.80 113.85 13.12 126.97 179.77
LT-A2F 3,150.00 26.54 - - - 26.54
LT-A3F 3,000.00 28.65 - - - 28.65
LT-A4F 4,250.00 35.81 - - - 35.81
LT-A5F 2,821.60 23.78 - - - 23.78
LT-A6F 1,400.00 11.80 - - - 11.80
LT-MF 208,860,684.38 1,759,818.12 718,342.11 131,297.03 849,639.14 2,609,457.26
LT-AV1 12,367.66 100.98 70.85 4.40 75.25 176.23
LT-MV1 125,547,895.79 1,024,981.12 485,937.13 44,012.03 529,949.16 1,554,930.28
LT-AV2 12,367.66 99.07 48.08 4.22 52.30 151.37
LT-MV2 125,547,660.76 1,005,623.56 278,803.43 42,154.15 320,957.58 1,326,581.14
P 100.00 36,408.84 - - - 36,408.84
R-I - - - - -
------------------------------------------------------------------------------------------------------------------
Total 460,001,964.25 3,827,211.07 1,483,315.45 217,484.95 1,700,800.40 5,528,011.47
------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------
Current
Realized Deferred Principal
Losses Interest Balance
------------------------------------------------------------------------------
(7) (8) (9)=(1)-(5)-(7)+(8)
------------------------------------------------------------------------------
<S> <C> <C> <C>
LT-A1F (0.01) - 6,139.44
LT-A2F - - 3,150.00
LT-A3F - - 3,000.00
LT-A4F - - 4,250.00
LT-A5F - - 2,821.60
LT-A6F - - 1,400.00
LT-MF 0.01 42.00 208,011,087.23
LT-AV1 - - 12,292.41
LT-MV1 1.00 22.25 125,017,967.88
LT-AV2 - - 12,315.36
LT-MV2 - 20.20 125,226,723.38
P - - 100.00
R-I - - -
------------------------------------------------------------------------------
Total 1.00 84.45 458,301,247.30
------------------------------------------------------------------------------
</TABLE>
<TABLE>
INTEREST DETAIL
--------------------------------------------------------------------------------------------------------------------
Pass- Prior Principal Non- Prior Unscheduled
Through (with Notional) Accrued Supported Unpaid Interest
Class Rate Balance Interest Interest SF Interest Adjustments
--------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LT-A1F 10.10367% 6,266.40 52.80 - -
LT-A2F 10.10367% 3,150.00 26.54 - -
LT-A3F 10.10367% 3,000.00 28.65 - -
LT-A4F 10.10367% 4,250.00 35.81 - -
LT-A5F 10.10367% 2,821.60 23.78 - -
--------------------------------------------------------------------------------------------------------------------
LT-A6F 10.10367% 1,400.00 11.80 - -
LT-MF 10.10367% 208,860,684.38 1,759,860.12 - -
LT-AV1 9.78959% 12,367.66 100.98 - -
LT-MV1 9.78959% 125,547,895.79 1,025,003.37 - -
LT-AV2 9.81224% 12,367.66 99.07 - -
--------------------------------------------------------------------------------------------------------------------
LT-MV2 9.81224% 125,547,660.76 1,005,643.76 - -
P 100.00 - - -
R-I - - - -
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
Total 460,001,964.25 3,790,886.68 - -
--------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------------------
Paid or Current
Optimal Deferred Unpaid
Interest Interest Interest
-------------------------------------------------------------------------------
(5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
-------------------------------------------------------------------------------
<S> <C> <C> <C>
LT-A1F - 52.80 52.80
LT-A2F - 26.54 26.54
LT-A3F - 28.65 28.65
LT-A4F - 35.81 35.81
LT-A5F - 23.78 23.78
-------------------------------------------------------------------------------
LT-A6F - 11.80 11.80
LT-MF - 1,759,860.12 1,759,860.12
LT-AV1 - 100.98 100.98
LT-MV1 - 1,025,003.37 1,025,003.37
LT-AV2 - 99.07 99.07
-------------------------------------------------------------------------------
LT-MV2 - 1,005,643.76 1,005,643.76
P - - 36,408.84
R-I - - -
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Total - 3,790,886.68 3,827,295.52
-------------------------------------------------------------------------------
</TABLE>
Page 3 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 2000-1
CERTIFICATE PAYMENT REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
---------------------------------------------------------------------------------------------------------------------
Prior
Class Original Principal Total
Class Type Face Value Balance Interest Principal Distribution
---------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)=(2)+(3)
---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1F 62,664,000.00 62,664,000.00 401,571.80 1,269,739.20 1,671,311.00
A-2F 31,500,000.00 31,500,000.00 196,350.00 - 196,350.00
A-3F 30,000,000.00 30,000,000.00 188,500.00 - 188,500.00
A-4F 42,500,000.00 42,500,000.00 274,833.33 - 274,833.33
A-5F 28,216,000.00 28,216,000.00 189,752.60 - 189,752.60
---------------------------------------------------------------------------------------------------------------------
A-6F 14,000,000.00 14,000,000.00 89,016.67 - 89,016.67
A-V1 123,676,600.00 123,676,600.00 802,601.01 752,505.50 1,555,106.51
A-V2 123,676,600.00 123,676,600.00 803,769.07 522,963.44 1,326,732.51
C 3,768,563.25 3,768,563.25 - - -
R-II - - - - -
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Total 460,001,76.25 460,001,763.25 2,946,394.48 2,545,208.14 5,491,602.62
---------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------------------------------------------
Current
Realized Deferred Principal
Losses Interest Balance
---------------------------------------------------------------------------------
(5) (6) (7)=(1)-(3)-(5)+(6)
---------------------------------------------------------------------------------
<C> <C> <C> <C>
A-1F - - 61,394,260.80
A-2F - - 31,500,000.00
A-3F - - 30,000,000.00
A-4F - - 42,500,000.00
A-5F - - 28,216,000.00
---------------------------------------------------------------------------------
A-6F - - 14,000,000.00
A-V1 - - 122,924,094.50
A-V2 - - 123,153,636.56
C - 844,592.20 4,613,155.45
R-II - - -
---------------------------------------------------------------------------------
---------------------------------------------------------------------------------
---------------------------------------------------------------------------------
Total - 844,592.20 458,301,147.31
---------------------------------------------------------------------------------
</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-1F F-30/360 00253CFU6 62,664,000.00 1,000.000000 6.408333
A-2F F-30/360 00253CFV4 31,500,000.00 1,000.000000 6.233333
A-3F F-30/360 00253CFW2 30,000,000.00 1,000.000000 6.283333
A-4F F-30/360 00253CFX0 42,500,000.00 1,000.000000 6.466667
A-5F F-30/360 00253CFY8 28,216,000.00 1,000.000000 6.725000
--------------------------------------------------------------------------------------------------------------------
A-6F F-30/360 00253CFZ5 14,000,000.00 1,000.000000 6.358334
A-V1 09/21/00 10/24/00 A-Act/360 00253CGA9 123,676,600.00 1,000.000000 6.489514
A-V2 09/21/00 10/24/00 A-Act/360 00253CGB7 123,676,600.00 1,000.000000 6.498958
C - 3,768,563.25 1,000.000000 -
R-II - - - -
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------------------------------------------
Current
Total Principal
Principal Distribution Balance
---------------------------------------------------------------------------------
(3) (4)=(2)+(3) (5)
---------------------------------------------------------------------------------
<S> <C> <C> <C>
A-1F 20.262658 26.670991 979.737342
A-2F - 6.233333 1,000.000000
A-3F - 6.283333 1,000.000000
A-4F - 6.466667 1,000.000000
A-5F - 6.725000 1,000.000000
---------------------------------------------------------------------------------
A-6F - 6.358334 1,000.000000
A-V1 6.084461 12.573975 993.915539
A-V2 4.228475 10.727434 995.771525
C - - 1,224.115172
R-II - - -
---------------------------------------------------------------------------------
---------------------------------------------------------------------------------
---------------------------------------------------------------------------------
</TABLE>
Page 4 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 2000-1
CERTIFICATE PAYMENT REPORT FOR OCTOBER 25, 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-1F 62,664,000.00 401,571.80 1,138,471.05 131,268.15 1,269,739.20
A-2F 31,500,000.00 196,350.00 - - -
A-3F 30,000,000.00 188,500.00 - - -
A-4F 42,500,000.00 274,833.33 - - -
A-5F 28,216,000.00 189,752.60 - - -
A-6F 14,000,000.00 89,016.67 - - -
A-V1 123,676,600.00 802,601.01 708,511.32 43,994.18 752,505.50
A-V2 123,676,600.00 803,769.07 480,825.27 42,138.17 522,963.44
C 3,768,563.25 - - - -
R-II - - - -
-----------------------------------------------------------------------------------------------
Total 460,001,763.25 2,946,394.48 2,327,807.64 217,400.50 2,545,208.14
-----------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------------------
Current
Total Realized Deferred Principal
Distribution Losses Interest Balance
-----------------------------------------------------------------------------------------------
(6)=(2)+(5) (7) (8) (9)=(1)-(5)-(7)+(8)
-----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1F 1,671,311.00 - - 61,394,260.80
A-2F 196,350.00 - - 31,500,000.00
A-3F 188,500.00 - - 30,000,000.00
A-4F 274,833.33 - - 42,500,000.00
A-5F 189,752.60 - - 28,216,000.00
A-6F 89,016.67 - - 14,000,000.00
A-V1 1,555,106.51 - - 122,924,094.50
A-V2 1,326,732.51 - - 123,153,636.56
C - - 844,592.20 4,613,155.45
R-II - - - -
-----------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------
Total 5,491,602.62 - 844,592.20 458,301,147.31
-----------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST DETAIL
-------------------------------------------------------------------------------
Pass- Prior Principal Non-
Through (with Notional) Accrued Supported
Class Rate Balance Interest Interest SF
-------------------------------------------------------------------------------
(1) (2)
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1F 7.69000% 62,664,000.00 401,571.80 -
A-2F 7.48000% 31,500,000.00 196,350.00 -
A-3F 7.54000% 30,000,000.00 188,500.00 -
A-4F 7.76000% 42,500,000.00 274,833.33 -
A-5F 8.07000% 28,216,000.00 189,752.60 -
-------------------------------------------------------------------------------
A-6F 7.63000% 14,000,000.00 89,016.67 -
A-V1 6.87125% 123,676,600.00 802,601.01 -
A-V2 6.88125% 123,676,600.00 803,769.07 -
C 3,768,563.25 - -
R-II - - -
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Total 460,001,763.25 2,946,394.48 -
-------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Prior Unscheduled Paid or Current
Unpaid Interest Optimal Deferred Unpaid
Interest Adjustments Interest Interest Interest
------------------------------------------------------------------------------------------------------------------
(3) (4) (5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1F - - 401,571.80 401,571.80 -
A-2F - - 196,350.00 196,350.00 -
A-3F - - 188,500.00 188,500.00 -
A-4F - - 274,833.33 274,833.33 -
A-5F - - 189,752.60 189,752.60 -
------------------------------------------------------------------------------------------------------------------
A-6F - - 89,016.67 89,016.67 -
A-V1 - - 802,601.01 802,601.01 -
A-V2 - - 803,769.07 803,769.07 -
C - - - 844,592.20 -
R-II - - - - -
------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------
Total - - 2,946,394.48 3,790,986.68 -
------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 5 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
-----------------------------------------------------------------------------------------------------------------------
SUMMARY ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 320,989.68 530,002.16 849,724.11 1,700,715.95
Principal Withdrawals 0.00 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00 0.00
TOTAL NET PRINCIPAL 320,989.68 530,002.16 849,724.11 1,700,715.95
Interest Collections 1,076,095.79 1,105,228.32 1,849,669.67 4,030,993.78
Interest Withdrawals 0.00 0.00 0.00 0.00
Interest Other Accounts 0.00 0.00 0.00 0.00
Interest Fees (63,508.39) (68,194.62) (71,995.26) (203,698.27)
TOTAL NET INTEREST 1,012,587.41 1,037,033.70 1,777,674.40 3,827,295.51
TOTAL AVAILABLE FUNDS TO BONDHOLDERS 1,333,577.09 1,567,035.86 2,627,398.51 5,528,011.46
Capitalized Interest 0.00 0.00 0.00 0.00
TOTAL REMITANCE DUE FROM SERVICER 1,387,489.37 1,626,005.20 2,681,365.13 5,694,859.70
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------
PRINCIPAL - COLLECTIONS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Scheduled Principal 42,138.17 43,994.18 131,268.15 217,400.50
Curtailments 0.00 0.00 0.00 0.00
Prepayments in Full 278,851.51 486,007.98 718,455.96 1,483,315.45
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 0.00 0.00 0.00
Insurance Principal 0.00 0.00 0.00 0.00
Other Additional Principal 0.00 0.00 0.00 0.00
Delinquent Principal 0.00 0.00 0.00 0.00
Realized Losses 0.00 0.00 0.00 0.00
Mortgage Replacement Amount 0.00 0.00 0.00 0.00
TOTAL PRINCIPAL COLLECTED 320,989.68 530,002.16 849,724.11 1,700,715.95
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - WITHDRAWALS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL - OTHER ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Prefunded Release Amount 0.00 0.00 0.00 0.00
TOTAL OTHER ACCOUNTS PRINCIPAL 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST - COLLECTIONS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Scheduled Interest 1,111,971.80 1,136,390.47 1,901,040.09 4,149,402.36
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 0.00 0.00 0.00
Insurance Interest 0.00 0.00 0.00 0.00
Other Additional Interest 0.00 0.00 0.00 0.00
Prepayment Interest Shortfalls (218.04) (713.98) (1,583.63) (2,515.65)
Delinquent Interest (908,313.83) (937,520.42) (1,511,833.10) (3,357,667.35)
Realized Losses 0.00 0.00 0.00 0.00
Compensating Interest 218.04 713.98 1,583.63 2,515.65
Other Interest Shortfall (Relief Act) 0.00 0.00 0.00 0.00
Interest Advanced 865,593.25 894,428.92 1,442,827.76 3,202,849.93
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 6,844.57 11,929.35 17,634.92 36,408.84
Gain on Liquidation 0.00 0.00 0.00 0.00
TOTAL INTEREST COLLECTED 1,076,095.79 1,105,228.32 1,849,669.67 4,030,993.78
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 7 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR OCTOBER 25, 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 0.00 0.00 0.00
TOTAL INTEREST WITHDRAWLS 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST - OTHER ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Capitialized Interest Requirement 0.00 0.00 0.00 0.00
TOTAL OTHER ACCOUNT INTEREST 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST - FEES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current Servicing Fees 9,596.10 9,225.28 18,028.65 36,850.03
Trustee Fees 784.75 784.75 1,305.51 2,875.01
PMI 29,422.86 34,479.91 12,625.77 76,528.54
TOTAL INTEREST OTHER FEES 63,508.39 68,194.62 71,995.26 203,698.27
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 8 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
CREDIT ENHANCEMENT REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
CREDIT ENHANCEMENT REPORT
----------------------------------------------------------------------------------------------------------------------------------
ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INSURANCE ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Insurance Premium Due 23,704.68 23,704.68 40,035.33 87,444.69
Insurance Premium Paid 23,704.68 23,704.68 40,035.33 87,444.69
Reimbursements to Certificate Insurer 0.00 0.00 0.00 0.00
Insured Payments Made By Certiifcate Insurer 0.00 0.00 0.00 0.00
Insurance Premiums Due but not Paid 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
STRUCTURAL FEATURES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Extra Principal Distribution Amt 201,973.76 222,503.34 420,015.09 844,492.19
Overcollateralization Amount 2,085,402.18 2,106,165.79 421,587.47 4,613,155.44
Targeted Overcollateralization Amt 5,964,101.35 5,964,112.47 6,266,447.17 18,194,660.99
Overcollateralization Release Amount 0.00 0.00 0.00 0.00
Overcollateralization Defficiency Amt 4,282,646.69 3,857,946.68 5,844,859.70 13,985,453.07
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 9 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Loan Count:
ORIGINAL 1129 1343 2965 5437
Prior - - - -
Prefunding - - - -
Scheduled Paid Offs - - - -
Full Voluntary Prepayments (3) (4) (10) (17)
Repurchases - - - -
Liquidations - - - -
-------------------------------------------------------------------------------------------------------------------------------
Current 1,126 1,339 2,955 5,420
PRINCIPAL BALANCE:
Original 125,560,028.42 125,560,262.45 208,881,572.38 460,001,863.25
Prior - - - -
Prefunding - - - -
Scheduled Principal (42,138.17) (43,994.18) (131,268.15) (217,400.50)
Partial and Full Voluntary Prepayments (278,851.51) (486,007.98) (718,455.96) (1,483,315.45)
Repurchases - - - -
-------------------------------------------------------------------------------------------------------------------------------
Liquidations - - - -
Current 125,239,038.74 125,030,260.29 208,031,848.27 458,301,147.30
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
PREFUNDING ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Prefunding Beginning Balance 0.00 0.00 0.00 0.00
Balance of Subsequent Loans Transfered 0.00 0.00 0.00 0.00
Prefunded Amount Dispursed To Offered Certificates 0.00 0.00 0.00 0.00
Prefunding Ending Balance 0.00 0.00 0.00 0.00
Capitalized Interest Beginning Balance 0.00 0.00 0.00 0.00
Capitalized Interest Requirement 0.00 0.00 0.00 0.00
Capitalized Interest Released to Seller 0.00 0.00 0.00 0.00
Capitalized Interest Ending Balance 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
[CURRENT PRIN BALANCE BY GROUPS (IN MILLIONS OF DOLLARS)]
[GRAPH]
[TOTAL CURRENT PRINCIPAL BALANCE (IN MILLIONS OF DOLLARS)]
[GRAPH]
Page 10 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
---------------------------------------------------------------------------------------------------------------------------------
CHARACTERISTICS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Weighted Average Coupon Original 10.627317% 10.860670% 10.921251% 10.824484%
Weighted Average Coupon Prior
Weighted Average Coupon Current 10.627317% 10.860670% 10.921251% 10.824484%
------------------------------------------------------------------------------------------------------------------------------
Weighted Average Months to Maturity Original 356 356 325 342
Weighted Average Months to Maturity Prior - - - -
Weighted Average Months to Maturity Current 356 356 325 342
------------------------------------------------------------------------------------------------------------------------------
Weighted Avg Remaining Amortization Term Original 355 355 324 341
Weighted Avg Remaining Amortization Term Prior - - - -
Weighted Avg Remaining Amortization Term Current 355 355 324 341
------------------------------------------------------------------------------------------------------------------------------
Weighted Average Seasoning Original 2.99 2.99 2.92 2.96
Weighted Average Seasoning Prior - - - -
Weighted Average Seasoning Current 2.99 2.99 2.92 2.96
---------------------------------------------------------------------------------------------------------------------------------
</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
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
-----------------------------------------------------------------------------------------------------------------------------
ARM CHARACTERISTICS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Weighted Average Margin Original 6.029% 6.115%
Weighted Average Margin Prior
Weighted Average Margin Current 6.029% 6.115%
--------------------------------------------------------------------------------------------------------------------------
Weighted Average Max Rate Original
Weighted Average Max Rate Prior
Weighted Average Max Rate Current
--------------------------------------------------------------------------------------------------------------------------
Weighted Average Min Rate Original 10.627% 10.858%
Weighted Average Min Rate Prior
Weighted Average Min Rate Current 10.627% 10.858%
--------------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Up Original 2.005% 2.001%
Weighted Average Cap Up Prior
Weighted Average Cap Up Current 2.005% 2.001%
--------------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Down Original 2.005% 2.001%
Weighted Average Cap Down Prior
Weighted Average Cap Down Current 2.005% 2.001%
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
<TABLE>
<CAPTION>
SERVICING FEES / ADVANCES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current Servicing Fees 9,596.10 9,225.28 18,028.65 36,850.03
Delinquent Servicing Fees 42,720.58 43,091.50 69,005.34 154,817.42
TOTAL SERVICING FEES 52,316.68 52,316.78 87,033.99 191,667.45
Total Servicing Fees 52,316.68 52,316.78 87,033.99 191,667.45
Compensating Interest 218.04 713.98 1,583.63 2,515.65
Delinquent Servicing Fees (42,720.58) (43,091.50) (69,005.34) (154,817.42)
COLLECTED SERVICING FEES 9,814.14 9,939.26 19,612.28 39,365.68
Prepayment Interest Shortfall 218.04 713.98 1,583.63 2,515.65
Total Advanced Interest 865,593.25 894,428.92 1,442,827.76 3,202,849.93
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL COLLATERAL INFORMATION ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 12 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - TOTAL
---------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 22,505,586.44 9,403,404.93 32,982.04 31,941,973.41
% Balance 4.91% 2.05% 0.01% 6.97%
# Loans 290 76 1 367
% # Loans 5.35% 1.40% 0.02% 6.77%
---------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
---------------------------------------------------------------------------------------------------------------------------------
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 - 22,505,586.44 9,403,404.93 32,982.04 31,941,973.41
% Balance 0.00% 4.91% 2.05% 0.01% 6.97%
# Loans - 290 76 1 367
% # Loans 0.00% 5.35% 1.40% 0.02% 6.77%
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29 DAYS, 1 PAYMENT = 30-59 DAYS, 2 PAYMENTS = 60-89 DAYS, 3+
PAYMENTS = 90+
6 MONTHS MOVING AVERAGE
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 13 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR OCTOBER 25, 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 9,727,065.24 2,241,867.05 32,982.04 12,001,914.33
% Balance 4.68% 1.08% 0.02% 5.77%
# Loans 146 35 1 182
% # Loans 4.94% 1.18% 0.03% 6.16%
----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
----------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance - 9,727,065.24 2,241,867.05 32,982.04 12,001,914.33
% Balance 0.00% 4.68% 1.08% 0.02% 5.77%
# Loans - 146 35 1 182
% # Loans 0.00% 4.94% 1.18% 0.03% 6.16%
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29 DAYS, 1 PAYMENT =30-59 DAYS, 2 PAYMENTS = 60-89 DAYS, 3+
PAYMENTS = 90+
6 MONTHS MOVING AVERAGE
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 14 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE 1 GROUP
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 7,036,970.93 1,419,987.61 - 8,456,958.54
% Balance 5.63% 1.14% 0.00% 6.76%
# Loans 80 17 - 97
% # Loans 5.97% 1.27% 0.00% 7.24%
-----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
-----------------------------------------------------------------------------------------------------------------------------------
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 - 7,036,970.93 1,419,987.61 - 8,456,958.54
% Balance 0.00% 5.63% 1.14% 0.00% 6.76%
# Loans - 80 17 - 97
% # Loans 0.00% 5.97% 1.27% 0.00% 7.24%
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29 DAYS, 1 PAYMENT = 30-59 DAYS, 2 PAYMENTS = 60-89 DAYS, 3+
PAYMENTS = 90+
6 MONTHS MOVING AVERAGE
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 15 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE 2 GROUP
--------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 5,741,550.27 5,741,550.27 - 11,483,100.54
% Balance 4.58% 4.58% 0.00% 9.17%
# Loans 64 24 - 88
% # Loans 5.68% 2.13% 0.00% 7.82%
--------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - - -
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans - - - - -
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
--------------------------------------------------------------------------------------------------------------------------------
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 - 5,741,550.27 5,741,550.27 - 11,483,100.54
% Balance 0.00% 4.58% 4.58% 0.00% 9.17%
# Loans - 64 24 - 88
% # Loans 0.00% 5.68% 2.13% 0.00% 7.82%
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29 DAYS, 1 PAYMENT = 30-59 DAYS, 2 PAYMENTS = 60-89 DAYS,
3+ PAYMENTS = 90+
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 16 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REO REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
REO REPORT - MORTGAGE LOANS THAT BECOME REO DURING CURRENT DISTRIBUTION
--------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
--------------------------------------------------------------------------------------------------------------------------
<S> <C>
Total Loan Count = 0 Loan Group 1 = Fixed Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00 Loan Group 2 = Adjustable 1 Group; REO Book Value = 000.00
Total Current Balance = 000.00 Loan Group 3 = Adjustable 2 Group; REO Book Value = 000.00
REO Book Value = 000.00 Loan Group 3 = Adjustable 2 Group; REO Book Value = 000.00
--------------------------------------------------------------------------------------------------------------------------
</TABLE>
REO Book Value reported corresponds to total REO loans, including loans that
become REO during current distribution.
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Stated Current State &
& Principal Principal Paid to Note LTV at Original Origination
Loan Group Balance Balance Date Rate Origination Term Date
---------------------------------------------------------------------------------------------------------------------------------
SPACE INTENTIONALLY LEFT BLANK
<S> <C> <C> <C> <C> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 17 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
-------------------------------------------------------------------------------------------------------------------------
VOLUNTARY PREPAYMENTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CURRENT
Number of Paid in Full Loans 3 4 10 17
Number of Repurchased Loans - - - -
----------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 3 4 10 17
Paid in Full Balance 278,851.51 486,007.98 718,455.96 1,483,315.45
Repurchased Loans Balance - - - -
Curtailments Amount - - - -
----------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 278,851.51 486,007.98 718,455.96 1,483,315.45
CUMULATIVE
Number of Paid in Full Loans 3 4 10 17
Number of Repurchased Loans - - - -
----------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 3 4 10 17
Paid in Full Balance 278,851.51 486,007.98 718,455.96 1,483,315.45
Repurchased Loans Balance - - - -
Curtailments Amount - - - -
----------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 278,851.51 486,007.98 718,455.96 1,483,315.45
SPACE INTENTIONALLY LEFT BLANK
-------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOTAL PREPAYMENTS BY GROUPS (IN THOUSANDS OF DOLLARS)
[GRAPH]
TOTAL PREPAYMENTS (IN THOUSANDS OF DOLLARS)
[GRAPH]
Page 18 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
---------------------------------------------------------------------------------------------------------------------------
VOLUNTARY PREPAYMENT RATES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SMM 0.22% 0.39% 0.34% 0.32%
3 Months Avg SMM
12 Months Avg SMM
Avg SMM Since Cut-off 0.22% 0.39% 0.34% 0.32%
CPR 2.63% 4.55% 4.05% 3.80%
3 Months Avg CPR
12 Months Avg CPR
Avg CPR Since Cut-off 2.63% 4.55% 4.05% 3.80%
PSA 439.70% 760.17% 693.54% 642.27%
3 Months Avg PSA Approximation
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 439.70% 760.17% 693.54% 642.27%
---------------------------------------------------------------------------------------------------------------------------
</TABLE>
[GRAPH] Fixed [GRAPH] Adjustable 2
[GRAPH] Adjustable 1 [GRAPH]
CPR BY GROUPS TOTAL CPR
[GRAPH] [GRAPH]
PSA BY GROUPS TOTAL PSA
[GRAPH] [GRAPH]
Page 19 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
-------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
-------------------------------------------------------------------------------
[GRAPH] Fixed [GRAPH] Adjustable 2
[GRAPH] Adjustable 1 [GRAPH]
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 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
-------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
---------------------------------------------------------- ---------------------------------------
<S> <C>
Total Loan Count = 17 Loan Group 1 = Fixed Group
Total Original Principal Balance = 1,486,100.00 Loan Group 2 = Adjustable 1 Group
Total Prepayment Amount = 1,483,315.45 Loan Group 3 = Adjustable 2 Group
Loan Group 3 = Adjustable 2 Group
---------------------------------------------------------- ---------------------------------------
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
Loan Number Original Current
& Loan Principal Prepayment Prepayment Note
Loan Group Status Balance Amount Date Rate
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
7715153 1 31,500.00 31,032.38 Sep-15-00 11.700%
7734565 1 30,000.00 29,669.86 Sep-19-00 13.200%
7817428 1 40,000.00 39,838.83 Sep-15-00 12.250%
7836864 1 47,250.00 47,163.96 Sep-22-00 12.990%
7867018 1 396,000.00 396,000.00 Sep-27-00 9.500%
7867093 1 62,400.00 62,371.65 Sep-28-00 9.875%
7916256 1 35,000.00 35,000.00 Sep-19-00 10.900%
7916566 1 21,000.00 21,000.00 Sep-26-00 12.620%
9577874 1 19,000.00 18,533.11 Sep-15-00 8.970%
9685650 1 38,000.00 37,846.17 Sep-14-00 12.000%
7759649 2 148,750.00 148,386.03 Sep-25-00 9.600%
9586091 2 96,000.00 95,660.65 Sep-28-00 10.720%
9665935 2 133,000.00 132,853.27 Sep-29-00 10.900%
9676236 2 109,200.00 109,108.03 Sep-21-00 10.250%
1502387 3 97,000.00 97,000.00 Sep-29-00 8.530%
7794762 3 111,500.00 111,432.21 Sep-28-00 11.750%
7796242 3 70,500.00 70,419.30 Sep-28-00 10.730%
--------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------------------------
State & Type Prepayment
LTV at & Origination
Origination Original Term Date
---------------------------------------------------------------
<S> <C> <C>
CA - 75.00% Paid Off - 180 Dec-27-99
FL - 65.30% Paid Off - 180 Dec-10-99
IN - 57.10% Paid Off - 180 May-25-00
OH - 75.00% Paid Off - 180 Jun-01-00
IL - 80.00% Paid Off - 360 Aug-10-00
OH - 80.00% Paid Off - 360 Jul-11-00
TN - 73.00% Paid Off - 360 Aug-21-00
PA - 26.00% Paid Off - 240 Aug-28-00
KY - 46.30% Paid Off - 180 Oct-27-99
FL - 63.40% Paid Off - 180 Jun-27-00
CA - 85.00% Paid Off - 360 Feb-25-00
CO - 80.00% Paid Off - 360 Oct-25-99
FL - 79.20% Paid Off - 360 May-05-00
CA - 65.00% Paid Off - 360 Jun-14-00
CA - 30.30% Paid Off - 360 Jul-31-00
WA - 63.00% Paid Off - 360 May-05-00
OH - 75.00% Paid Off - 360 May-01-00
---------------------------------------------------------------
</TABLE>
Page 21 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
-----------------------------------------------------------------------------------------------------------------------------
COLLATERAL REALIZED LOSSES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CURRENT
Number of Loans Liquidated - - - -
Collateral Realized Loss/(Gain) Amount - - - -
Net Liquidation Proceeds - - - -
CUMULATIVE
Number of Loans Liquidated - - - -
Collateral Realized Loss/(Gain) Amount - - - -
Net Liquidation Proceeds - - - -
Note: Collateral realized losses may include
adjustments to loans liquidated in prior periods.
Loss Percentage 0.0000% 0.0000% 0.0000% 0.0000%
Annualized Loss Percentage 0.0000% 0.0000% 0.0000% 0.0000%
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
[GRAPH] Fixed [GRAPH] Adjustable 2 3 Months Moving Average
[GRAPH] Adjustable 1 [GRAPH] [GRAPH]
COLLATERAL LOSS SEVERITY APPROXIMATION BY GROUPS
[GRAPH]
COLLATERAL LOSS SEVERITY APPROXIMATION
[GRAPH]
Page 22 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
---------------------------------------------------------------------------------------------------------------------------------
DEFAULT SPEEDS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MDR 0.00% 0.00% 0.00% 0.00%
3 Months Avg MDR
12 Months Avg MDR
Avg MDR Since Cut-off 0.00% 0.00% 0.00% 0.00%
CDR 0.00% 0.00% 0.00% 0.00%
3 Months Avg CDR
12 Months Avg CDR
Avg CDR Since Cut-off 0.00% 0.00% 0.00% 0.00%
SDA 0.00% 0.00% 0.00% 0.00%
3 Months Avg SDA Approximation
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation 0.00% 0.00% 0.00% 0.00%
Loss Severity Approximation for Current Period
3 Months Avg Loss Severity Approximation
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
[GRAPH] Fixed [GRAPH] Adjustable 2
[GRAPH] Adjustable 1 [GRAPH]
CDR BY GROUPS TOTAL CDR
[GRAPH] [GRAPH]
SDA BY GROUPS TOTAL SDA
[GRAPH] [GRAPH]
Page 23 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
--------------------------------------------------------------------------------
[GRAPH] Fixed [GRAPH] Adjustable 2
[GRAPH] Adjustable 1 [GRAPH]
CDR AVG SINCE CUT-OFF BY GROUPS TOTAL CDR AVG SINCE CUT-OFF
[GRAPH] [GRAPH]
SDA AVG SINCE CUT-OFF BY GROUPS TOTAL SDA AVG SINCE CUT-OFF
[GRAPH] [GRAPH]
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
--------------------------------------------------------------------------------
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated
Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption:
CDR/IF(WAS < 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:
Avg CDRn,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.
--------------------------------------------------------------------------------
Page 24 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS DETAIL REPORT FOR OCTOBER 25, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------
REALIZED LOSS DETAIL REPORT - LOANS LIQUIDATED DURING CURRENT DISTRIBUTION
------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
------------------------------------------------ -----------------------------------------
<S> <C>
Total Loan Count = 0 Loan Group 1 = Fixed Group
Total Original Principal Balance = 0.00 Loan Group 2 = Adjustable 1 Group
Total Prior Principal Balance = 0.00 Loan Group 3 = Adjustable 2 Group
Total Realized Loss Amount = 0.00 Loan Group 3 = Adjustable 2 Group
Total Net Liquidation Proceeds = 0.00
------------------------------------------------ -----------------------------------------
</TABLE>
<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>
SPACE INTENTIONALLY LEFT BLANK
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 25 of 26
<PAGE>
DEUTSCHE BANK [LOGO]
Statement to Certificateholders
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT FOR OCTOBER 25, 2000
DISTRIBUTION
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT
--------------------------------------------------------------------------------------------------------------------------------
TRIGGER EVENTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Step Down Cumulative Loss Test No No No No
Step Down Rolling Delinquency Test Yes Yes Yes Yes
Step Down Rolling Loss Test Yes Yes Yes Yes
Step Down Tigger No No No No
Step Up Cumulative Loss Test No No No No
Step Up Rolling Delinquency Test No No No No
Step Up Rolling Loss Test No No No No
Step Up Tigger No No No No
Step Up Spread Squeeze Test No No No No
Spread Squeeze Condition No No No No
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ADJUSTABLE RATE CERTIFICATE INFORMATION ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
--------------------------------------------------------------------------------------------------------------------------------
SPACE INTENTIONALLY LEFT BLANK
<S> <C> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL INFORMATION ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Supplemental Interest Amounts 0.00 0.00 0.00 0.00
Supplemental Interest Amounts Unpaid 0.00 0.00 0.00 0.00
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 26 of 26
