<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)
APRIL 17, 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 1999-1 - Statement to Certificateholders
20.2 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1999-2 - 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: April 21, 2000
-3-
<PAGE>
INDEX TO EXHIBITS
EXHIBIT
20.1 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1999-1 - Statement to Certificateholders
20.2 Aames Capital Corporation, Mortgage Pass-Through
Certificates, Series 1999-2 - Statement to Certificateholders
-4-
<PAGE>
[LOGO] EXHIBIT 20.1
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
APRIL 17, 2000 DISTRIBUTION
- -------------------------------------------------------------------------------
CONTENTS
- -------------------------------------------------------------------------------
TABLE OF CONTENTS
- -------------------------------------------------------------------------------
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 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
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
ISSUANCE INFORMATION
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <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: April 17, 2000
Banc Of America Securities LLC Co-Lead Underwriter Record Date: April 14, 2000
Greenwich Capital Markets, Inc. Co-Lead Underwriter March 31, 2000
</TABLE>
- -------------------------------------------------------------------------------
Page 1 of 26
-C- COPYRIGHT 2000 Deutsche Bank
<PAGE>
[LOGO]
Statement to Certificateholders
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-1
CERTIFICATE PAYMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Prior Current
Class Original Principal Total Realized Deferred Principal
Class Type Face Value Balance Interest Principal Distribution Losses Interest Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
(1) (2) (3) (4)=(2)+(3) (5) (6) (7)=(1)-(3)-(5)+(6)
- -----------------------------------------------------------------------------------------------------------------------------------
LT-AF 19,123.50 17,557.50 105.83 260.29 366.12 (0.01) - 17,297.22
LT-MF 196,688,617.88 183,524,652.28 1,381,445.90 2,287,644.39 3,669,090.29 86,693.18 31.50 181,150,346.21
LT-AV 20,203.50 17,776.09 104.35 434.65 539.00 - - 17,341.44
LT-MV 203,337,098.17 184,081,624.40 1,470,361.36 3,919,039.75 5,389,401.11 83,226.44 42.70 180,079,400.91
P 100.00 100.00 101,143.24 - 101,143.24 - - 100.00
- -----------------------------------------------------------------------------------------------------------------------------------
R-I - - - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Total 400,065,143.05 367,641,710.27 2,953,160.68 6,207,379.08 9,160,539.76 169,919.61 74.20 361,264,485.78
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST ACCRUAL DETAIL CURRENT PERIOD FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE
- -----------------------------------------------------------------------------------------------------------------------------------
Orig. Principal Prior Current
Period Period (with Notional) Principal Total Principal
Class Starting Ending Method Cusip Balance Balance Interest Principal Distribution Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)=(2)+(3) (5)
- -----------------------------------------------------------------------------------------------------------------------------------
LT-AF F-30/360 19,123.50 918.111224 5.534029 13.611002 19.145031 904.500745
LT-MF F-30/360 196,688,617.88 933.072052 7.023517 11.630792 18.654309 921.000657
LT-AV 03/15/00 04/16/00 A-Act/360 20,203.50 879.852006 5.164778 21.513599 26.678378 858.338407
LT-MV F-30/360 203,337,098.17 905.302702 7.231151 19.273609 26.504761 885.620000
P - 100.00 1,000.000000 1,011,432.400000 - ############# 1,000.000000
- -----------------------------------------------------------------------------------------------------------------------------------
R-I - - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 2 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-1
CERTIFICATE PAYMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
DISTRIBUTION IN DOLLARS - TO DATE
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Current
Original Unscheduled Scheduled Total Total Realized Deferred Principal
Class Face Value Interest Principal Principal Principal Distribution Losses Interest Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8) (9)=(1)-(5)-(7)+(8)
- -----------------------------------------------------------------------------------------------------------------------------------
LT-AF 19,123.50 1,006.09 1,622.53 203.78 1,826.31 2,832.40 (0.03) - 17,297.22
LT-MF 196,688,617.88 13,065,144.56 13,471,937.86 1,798,926.73 15,270,864.59 28,336,009.15 267,706.14 299.06 181,150,346.21
LT-AV 20,203.50 823.52 2,746.59 115.47 2,862.06 3,685.58 - - 17,341.44
LT-MV 203,337,098.17 13,741,062.94 22,124,321.72 987,756.62 23,112,078.34 36,853,141.28 146,169.52 550.62 180,079,400.91
P 100.00 608,689.09 - - - 608,689.09 - - 100.00
R-I - 0.02 - - - 0.02 - - -
- -----------------------------------------------------------------------------------------------------------------------------------
Total 400,065,143.05 27,416,726.22 35,600,628.71 2,787,002.59 38,387,631.30 65,804,357.52 413,875.63 849.68 361,264,485.78
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INTEREST DETAIL
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Pass- Prior Principal Non- Prior Unscheduled Paid or Current
Through (with Notional) Accrued Supported Unpaid Interest Optimal Deferred Unpaid
Class Rate Balance Interest Interest SF Interest Adjustments Interest Interest Interest
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
LT-AF 7.29000% 17,557.50 105.83 - - - 105.83 105.83 -
LT-MF 9.10355% 183,524,652.28 1,381,445.90 - - - 1,381,445.90 1,381,477.40 -
LT-AV 6.40375% 17,776.09 104.35 - - - 104.35 104.35 -
LT-MV 9.58509% 184,081,624.40 1,470,361.36 - - - 1,470,361.36 1,470,404.06 -
P 100.0 - - - - 101,143.24 101,143.24 -
- -----------------------------------------------------------------------------------------------------------------------------------
R-I - - - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Total 367,641,710.27 2,852,017.44 - - - 2,953,160.68 2,953,234.88 -
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 3 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-1
CERTIFICATE PAYMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Prior Current
Class Original Principal Total Realized Deferred Principal
Class Type Face Value Balance Interest Principal Distribution Losses Interest Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)=(2)+(3) (5) (6) (7)=(1)-(3)-(5)+(6)
- -----------------------------------------------------------------------------------------------------------------------------------
A-F STEP 191,235,000.00 175,575,056.24 1,066,618.47 2,602,837.94 3,669,456.41 - - 172,972,218.30
A-V STEP 202,035,000.00 177,760,875.90 1,043,474.86 4,346,465.25 5,389,940.11 - - 173,414,410.65
C 6,795,043.05 14,336,380.36 - - - - 572,004.70 14,908,385.06
R-II - - - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Total 400,065,043.05 367,672,312.50 2,110,093.33 6,949,303.19 9,059,396.52 - 572,004.70 361,295,014.01
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST ACCRUAL DETAIL CURRENT PERIOD FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE
- -----------------------------------------------------------------------------------------------------------------------------------
Orig. Principal Prior Current
Period Period (with Notional) Principal Total Principal
Class Starting Ending Method Cusip Balance Balance Interest Principal Distribution Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)=(2)+(3) (5)
- -----------------------------------------------------------------------------------------------------------------------------------
A-F F-30/360 00253CFM4 191,235,000.00 918.111518 5.577527 13.610678 19.188205 904.500841
A-V 03/15/00 04/16/00 A-Act/360 00253CFN2 202,035,000.00 879.851887 5.164822 21.513427 26.678249 858.338459
C - 6,795,043.05 2,109.829217 - - - 2,194.008919
R-II - - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
NOTE: ADJUSTABLE RATE CERTIFICATES HAVE A RECORD DATE THAT IS ONE BUSINESS DAY PRIOR TO DISTRIBUTION
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 4 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-1
CERTIFICATE PAYMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
DISTRIBUTION IN DOLLARS - TO DATE
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Current
Original Unscheduled Scheduled Total Total Realized Deferred Principal
Class Face Value Interest Principal Principal Principal Distribution Losses Interest Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8) (9)=(1)-(5)-(7)+(8)
- -----------------------------------------------------------------------------------------------------------------------------------
A-F 191,235,000.00 10,076,059.85 16,225,339.43 2,037,442.27 18,262,781.70 28,338,841.55 - - 172,972,218.30
A-V 202,035,000.00 8,236,237.55 27,465,864.99 1,154,724.36 28,620,589.35 36,856,826.90 - - 173,414,410.65
C 6,795,043.05 - - - - - - 8,113,342.00 14,908,385.06
R-II - - - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
Total 400,065,043.05 18,312,297.40 43,691,204.42 3,192,166.63 46,883,371.05 65,195,668.45 - 8,113,342.00 361,295,014.01
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INTEREST DETAIL
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Pass- Prior Principal Non- Prior Unscheduled Paid or Current
Through (with Notional) Accrued Supported Unpaid Interest Optimal Deferred Unpaid
Class Rate Balance Interest Interest SF Interest Adjustments Interest Interest Interest
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
A-F 7.29000% 175,575,056.24 1,066,618.47 - - - 1,066,618.47 1,066,618.47 -
A-V 6.40375% 177,760,875.90 1,043,474.86 - - - 1,043,474.86 1,043,474.86 -
C 14,336,380.36 - - - - - 572,004.70 -
R-II - - - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Total 367,672,312.50 2,110,093.33 - - - 2,110,093.33 2,682,098.03 -
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 5 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
- -----------------------------------------------------------------------------------------------------------------
SUMMARY ADJUSTABLE FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Principal Collections 3,919,431.70 2,287,873.18 6,207,304.88
Principal Withdrawals 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00
TOTAL NET PRINCIPAL 3,919,431.70 2,287,873.18 6,207,304.88
Interest Collections 1,635,134.41 1,529,317.43 3,164,451.84
Interest Withdrawals 0.00 (10,821.42) (10,821.42)
Interest Other Accounts 0.00 0.00 0.00
Interest Fees (99,136.35) (101,259.19) (200,395.54)
TOTAL NET INTEREST 1,535,998.06 1,417,236.82 2,953,234.88
TOTAL AVAILABLE FUNDS TO BONDHOLDERS 5,455,429.76 3,705,110.00 9,160,539.76
TOTAL REMITTANCE DUE FROM SERVICER 5,493,335.99 3,742,585.69 9,235,921.68
- -----------------------------------------------------------------------------------------------------------------
PRINCIPAL - COLLECTIONS ADJUSTABLE FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------------
Scheduled Principal 104,548.12 221,566.66 326,114.78
Curtailments 0.00 0.00 0.00
Prepayments in Full 3,753,236.62 2,043,320.91 5,796,557.53
Repurchases/Substitutions 0.00 0.00 0.00
Liquidations 144,873.40 109,678.78 254,552.18
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 (83,226.44) (86,693.17) (169,919.61)
Mortgage Replacement Amount 0.00 0.00 0.00
TOTAL PRINCIPAL COLLECTED 3,919,431.70 2,287,873.18 6,207,304.88
- -----------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 6 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
PRINCIPAL - WITHDRAWALS ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------
SPACE INTENTIONALLY LEFT BLANK
- -------------------------------------------------------------------------------------------------------------------
PRINCIPAL - OTHER ACCOUNTS ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------
Prefunded Release Amount 0.00 0.00 0.00
TOTAL OTHER ACCOUNTS PRINCIPAL 0.00 0.00 0.00
- -------------------------------------------------------------------------------------------------------------------
INTEREST - COLLECTIONS ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------
Scheduled Interest 1,583,481.61 1,505,130.00 3,088,611.61
Repurchases/Substitutions 0.00 0.00 0.00
Liquidations 1,641.12 1,226.26 2,867.38
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 (346,336.47) (278,583.80) (624,920.27)
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 330,858.50 265,891.38 596,749.88
Closing Date Deposits 0.00 0.00 0.00
Insurer Interest to Cover PPIS 0.00 0.00 0.00
Prepayment Penalties 65,489.65 35,653.59 101,143.24
TOTAL INTEREST COLLECTED 1,635,134.41 1,529,317.43 3,164,451.84
- -------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 7 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR APRIL 17, 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 10,821.42 10,821.42
TOTAL INTEREST WITHDRAWLS 0.00 10,821.42 10,821.42
- ------------------------------------------------------------------------------------------------------------------
INTEREST - OTHER ACCOUNTS ADJUSTABLE FIXED TOTAL
- ------------------------------------------------------------------------------------------------------------------
Capitalized Interest Requirement 0.00 0.00 0.00
TOTAL OTHER ACCOUNT INTEREST 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------
INTEREST - FEES ADJUSTABLE FIXED TOTAL
- ------------------------------------------------------------------------------------------------------------------
Current Servicing Fees 61,230.12 63,783.50 125,013.62
Back Up Servicing Fees 3,835.40 3,823.80 7,659.20
Certificate Insurance Premiums 34,070.83 33,651.89 67,722.72
Trustee Fees 0.00 0.00 0.00
TOTAL INTEREST OTHER FEES 99,136.35 101,259.19 200,395.54
- ------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 8 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
CREDIT ENHANCEMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
CREDIT ENHANCEMENT REPORT
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
ACCOUNTS ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------------
SPACE INTENTIONALLY LEFT BLANK
- -------------------------------------------------------------------------------------------------------------------------------
INSURANCE ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------------
Insurance Premium Due 34,070.83 33,651.89 67,722.72
Insurance Premium Paid 34,070.83 33,651.89 67,722.72
Reimbursements to Certificate Insurer 0.00 0.00 0.00
Insured Payments Made By Certificate Insurer 0.00 0.00 0.00
Insurance Premiums Due but not Paid 0.00 0.00 0.00
- -------------------------------------------------------------------------------------------------------------------------------
STRUCTURAL FEATURES ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------------
Extra Principal Distribution Amount 427,033.55 314,964.76 741,998.31
Overcollateralization Amount 6,682,331.70 8,195,425.13 14,877,756.83
Targeted Overcollateralization Amount 11,489,687.54 10,818,925.78 22,308,613.32
Overcollateralization Release Amount 0.00 0.00 0.00
Overcollateralization Deficiency Amount 5,234,389.39 2,938,465.41 8,172,854.80
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 9 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
COLLATERAL ADJUSTABLE FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------------
Loan Count:
ORIGINAL 1786 3011 4797
Prior 2,035 2,790 4,825
Prefunding - - -
Scheduled Paid Offs - - -
Full Voluntary Prepayments (43) (44) (87)
Repurchases - - -
Liquidations (3) (4) (7)
---------------------------------------------------------------------------------------------------------------------------
Current 1,989 2,742 4,731
PRINCIPAL BALANCE:
Original 163,359,100.25 196,707,741.38 360,066,841.63
Prior 184,099,400.49 183,542,209.78 367,641,610.27
Prefunding - - -
Scheduled Principal (104,548.12) (221,566.66) (326,114.78)
Partial and Full Voluntary Prepayments (3,753,236.62) (2,043,320.91) (5,796,557.53)
Repurchases - - -
---------------------------------------------------------------------------------------------------------------------------
Liquidations (144,873.40) (109,678.78) (254,552.18)
Current 180,096,742.35 181,167,643.43 361,264,385.78
- --------------------------------------------------------------------------------------------------------------------------------
PREFUNDING ADJUSTABLE FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------------
Prefunding Beginning Balance 0.00 0.00
Balance of Subsequent Loans Transfered 0.00 0.00
Prefunded Amount Dispersed 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
- --------------------------------------------------------------------------------------------------------------------------------
CURRENT PRIN BALANCE BY GROUPS (IN MILLIONS OF DOLLARS) TOTAL CURRENT PRINCIPAL BALANCE (IN MILLIONS OF DOLLARS)
[GRAPH] [GRAPH]
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 10 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR APRIL 17, 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 10.331352% 9.854861% 10.093871%
Weighted Average Coupon Current 10.332175% 9.848566% 10.090737%
----------------------------------------------------------------------------------------------------------------
Weighted Average Months to Maturity Original 354 316 333
Weighted Average Months to Maturity Prior 348 308 328
Weighted Average Months to Maturity Current 347 307 327
----------------------------------------------------------------------------------------------------------------
Weighted Avg Remaining Amortization Term Original 355 316 334
Weighted Avg Remaining Amortization Term Prior 348 309 329
Weighted Avg Remaining Amortization Term Current 348 308 328
----------------------------------------------------------------------------------------------------------------
Weighted Average Seasoning Original 3.10 3.06 3.08
Weighted Average Seasoning Prior 9.30 10.01 9.65
Weighted Average Seasoning Current 10.28 11.00 10.64
- ---------------------------------------------------------------------------------------------------------------------
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
</TABLE>
[GRAPH] [GRAPH]
[GRAPH] [GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
-C- COPYRIGHT 2000 Deutsche Bank
Page 11 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR APRIL 17, 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 5.920%
Weighted Average Margin Current 5.917%
-------------------------------------------------------------------------------------------------------------------------
Weighted Average Max Rate Original 16.953%
Weighted Average Max Rate Prior 16.825%
Weighted Average Max Rate Current 16.815%
-------------------------------------------------------------------------------------------------------------------------
Weighted Average Min Rate Original 10.160%
Weighted Average Min Rate Prior 10.171%
Weighted Average Min Rate Current 10.164%
-------------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Up Original 2.735%
Weighted Average Cap Up Prior 2.599%
Weighted Average Cap Up Current 2.596%
-------------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Down Original 2.735%
Weighted Average Cap Down Prior 2.599%
Weighted Average Cap Down Current 2.596%
- ------------------------------------------------------------------------------------------------------------------------------
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
SERVICING FEES / ADVANCES ADJUSTABLE FIXED TOTAL
- ------------------------------------------------------------------------------------------------------------------------------
Current Servicing Fees 61,230.12 63,783.50 125,013.62
Delinquent Servicing Fees 15,477.97 12,692.42 28,170.39
TOTAL SERVICING FEES 76,708.09 76,475.92 153,184.01
Total Servicing Fees 76,708.09 76,475.92 153,184.01
Compensating Interest 0.00 0.00 0.00
Delinquent Servicing Fees (15,477.97) (12,692.42) (28,170.39)
COLLECTED SERVICING FEES 61,230.12 63,783.50 125,013.62
Prepayment Interest Shortfall 0.00 0.00 0.00
Total Advanced Interest 330,858.50 265,891.38 596,749.88
- ------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL COLLATERAL INFORMATION ADJUSTABLE FIXED TOTAL
- ------------------------------------------------------------------------------------------------------------------------------
SPACE INTENTIONALLY LEFT BLANK
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 12 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Delinquency Report - Total
- ----------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 7,977,930.84 1,551,311.96 1,030,569.69 10,559,812.49
% Balance 2.21% 0.43% 0.29% 2.92%
# Loans 102 17 19 138
% # Loans 2.16% 0.36% 0.40% 2.92%
- ----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 688,972.45 498,408.84 2,342,915.46 20,273,616.57 23,803,913.32
% Balance 0.19% 0.14% 0.65% 5.61% 6.59%
# Loans 11 9 31 305 356
% # Loans 0.23% 0.19% 0.66% 6.45% 7.52%
- ----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 687,341.21 57,340.75 41,879.70 327,323.04 1,113,884.70
% Balance 0.19% 0.02% 0.01% 0.09% 0.31%
# Loans 10 2 1 6 19
% # Loans 0.21% 0.04% 0.02% 0.13% 0.40%
- ----------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 1,726,203.12 1,726,203.12
% Balance 0.00% 0.00% 0.00% 0.48% 0.48%
# Loans - - - 21 21
% # Loans 0.00% 0.00% 0.00% 0.44% 0.44%
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 1,376,313.66 8,533,680.43 3,936,107.12 23,357,712.42 37,203,813.63
% Balance 0.38% 2.36% 1.09% 6.47% 10.30%
# Loans 21 113 49 351 534
% # Loans 0.44% 2.39% 1.04% 7.42% 11.29%
- ----------------------------------------------------------------------------------------------------------------------------------
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+ PAYMENTS = 90+
6 MONTHS MOVING AVERAGE
</TABLE>
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.
-C- COPYRIGHT 2000 Deutsche Bank
Page 13 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquency Report - Fixed Group
- -----------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 4,058,554.02 480,987.09 342,596.21 4,882,137.32
% Balance 2.24% 0.27% 0.19% 2.69%
# Loans 56 8 10 74
% # Loans 2.04% 0.29% 0.36% 2.70%
- -----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 232,772.31 130,984.06 818,862.55 7,385,379.13 8,567,998.05
% Balance 0.13% 0.07% 0.45% 4.08% 4.73%
# Loans 6 3 14 138 161
% # Loans 0.22% 0.11% 0.51% 5.03% 5.87%
- -----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 256,950.16 - - 241,303.83 498,253.99
% Balance 0.14% 0.00% 0.00% 0.13% 0.28%
# Loans 4 - - 5 9
% # Loans 0.15% 0.00% 0.00% 0.18% 0.33%
- -----------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 723,532.10 723,532.10
% Balance 0.00% 0.00% 0.00% 0.40% 0.40%
# Loans - - - 12 12
% # Loans 0.00% 0.00% 0.00% 0.44% 0.44%
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 489,722.47 4,189,538.08 1,299,849.64 8,692,811.27 14,671,921.46
% Balance 0.27% 2.31% 0.72% 4.80% 8.10%
# Loans 10 59 22 165 256
% # Loans 0.36% 2.15% 0.80% 6.02% 9.34%
- -----------------------------------------------------------------------------------------------------------------------------------
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+ PAYMENTS = 90+
6 MONTHS MOVING AVERAGE
</TABLE>
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.
-C- COPYRIGHT 2000 Deutsche Bank
Page 14 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR APRIL 17, 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 3,919,376.82 1,070,324.87 687,973.48 5,677,675.17
% Balance 2.18% 0.59% 0.38% 3.15%
# Loans 46 9 9 64
% # Loans 2.31% 0.45% 0.45% 3.22%
- ----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 456,200.14 367,424.78 1,524,052.91 12,888,237.44 15,235,915.27
% Balance 0.25% 0.20% 0.85% 7.16% 8.46%
# Loans 5 6 17 167 195
% # Loans 0.25% 0.30% 0.85% 8.40% 9.80%
- ----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 430,391.05 57,340.75 41,879.70 86,019.21 615,630.71
% Balance 0.24% 0.03% 0.02% 0.05% 0.34%
# Loans 6 2 1 1 10
% # Loans 0.30% 0.10% 0.05% 0.05% 0.50%
- ----------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 1,002,671.02 1,002,671.02
% Balance 0.00% 0.00% 0.00% 0.56% 0.56%
# Loans - - - 9 9
% # Loans 0.00% 0.00% 0.00% 0.45% 0.45%
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 886,591.19 4,344,142.35 2,636,257.48 14,664,901.15 22,531,892.17
% Balance 0.49% 2.41% 1.46% 8.14% 12.51%
# Loans 11 54 27 186 278
% # Loans 0.55% 2.71% 1.36% 9.35% 13.98%
- ----------------------------------------------------------------------------------------------------------------------------------
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+ PAYMENTS = 90+
6 MONTHS MOVING AVERAGE
</TABLE>
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.
-C- COPYRIGHT 2000 Deutsche Bank
Page 15 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REO REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
REO Report - Mortgage Loans that Become REO During Current Distribution
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
- -----------------------------------------------------------------------------------------------------------------------------------
Total Loan Count = 7 Loan Group 1 = Fixed Group; REO Book Value = Not Available
Total Original Principal Balance = 524,415.00 Loan Group 2 = Adjustable Group; REO Book Value = Not Available
Total Current Balance = 524,022.62
REO Book Value = Not Available
- -----------------------------------------------------------------------------------------------------------------------------------
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Loan Number Original Stated Current State &
& Principal Principal Paid to Note LTV at Original Origination
Loan Group Balance Balance Date Rate Origination Term Date
- -----------------------------------------------------------------------------------------------------------------------------------
9420657 1 31,800.00 31,694.79 Jul-01-99 13.620% FL - 60.00% 360 Nov-23-98
9471154 1 70,400.00 70,306.19 Jul-01-99 10.020% FL - 80.00% 360 Mar-17-99
9472797 1 33,800.00 33,777.08 Jul-01-99 13.100% FL - 65.00% 360 Mar-24-99
9500596 1 81,445.00 81,445.00 Jul-01-99 12.850% MO - 65.00% 360 Jun-15-99
9549188 1 171,000.00 170,924.20 Aug-01-99 9.990% RI - 95.00% 360 Jun-28-99
9549870 1 67,500.00 67,449.84 Sep-01-99 10.860% TN - 72.00% 360 Jun-03-99
9513345 2 68,470.00 68,425.52 Sep-01-99 13.290% TX - 54.30% 360 May-27-99
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 16 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
Prepayment Report - Voluntary Prepayments
- ---------------------------------------------------------------------------------------------------------------------------------
VOLUNTARY PREPAYMENTS ADJUSTABLE FIXED TOTAL
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
CURRENT
Number of Paid in Full Loans 43 44 87
Number of Repurchased Loans - - -
----------------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 43 44 87
Paid in Full Balance 3,753,236.62 2,043,320.91 5,796,557.53
Repurchased Loans Balance - - -
Curtailments Amount - - -
----------------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 3,753,236.62 2,043,320.91 5,796,557.53
CUMULATIVE
Number of Paid in Full Loans 235 256 491
Number of Repurchased Loans - - -
----------------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 235 256 491
Paid in Full Balance 21,910,433.61 13,389,148.14 35,299,581.75
Repurchased Loans Balance - - -
Curtailments Amount (83,220.79) (158,587.56) (241,808.35)
----------------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 21,827,212.82 13,230,560.58 35,057,773.40
SPACE INTENTIONALLY LEFT BLANK
- ---------------------------------------------------------------------------------------------------------------------------------
TOTAL PREPAYMENTS BY GROUPS (IN THOUSANDS OF DOLLARS) TOTAL PREPAYMENTS (IN THOUSANDS OF DOLLARS)
[GRAPH] [GRAPH]
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 17 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
Prepayment Report - Voluntary Prepayments
- ---------------------------------------------------------------------------------------------------------------------------------
VOLUNTARY PREPAYMENT RATES ADJUSTABLE FIXED TOTAL
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SMM 2.04% 1.11% 1.58%
3 Months Avg SMM 1.68% 0.97% 1.33%
12 Months Avg SMM
Avg SMM Since Cut-off 1.26% 0.78% 1.03%
CPR 21.91% 12.59% 17.38%
3 Months Avg CPR 18.42% 10.99% 14.79%
12 Months Avg CPR
Avg CPR Since Cut-off 14.15% 9.01% 11.64%
PSA 1065.33% 572.20% 816.48%
3 Months Avg PSA Approximation 989.95% 549.15% 766.19%
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 1098.95% 641.24% 864.53%
- ---------------------------------------------------------------------------------------------------------------------------------
CPR BY GROUPS TOTAL CPR
[GRAPH] [GRAPH]
PSA BY GROUPS TOTAL PSA
[GRAPH] [GRAPH]]
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 18 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
- -----------------------------------------------------------------------------------------------------------------------------------
Prepayment Report - Voluntary Prepayments
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
CPR AVG SINCE CUT-OFF BY GROUPS TOTAL CPR AVG SINCE CUT-OFF
[GRAPH] [GRAPH]
PSA AVG SINCE CUT-OFF BY GROUPS TOTAL PSA AVG SINCE CUT-OFF
[GRAPH] [GRAPH]
PREPAYMENT CALCULATION METHODOLOGY
- -----------------------------------------------------------------------------------------------------------------------------------
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)*(1-SMMn+1) *...*(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 19 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
- -------------------------------------------------- -----------------------------------------------------------------
Total Loan Count = 87 Loan Group 1 = Fixed Group
Total Original Principal Balance = 5,849,646.00 Loan Group 2 = Adjustable Group
Total Prepayment Amount = 5,796,557.53
- -------------------------------------------------- -----------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
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
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
3537447 1 20,000.00 19,555.90 Mar-31-00 15.250% NV - 57.70% Paid Off - 180 Nov-30-98
4494695 1 56,800.00 50,892.85 Mar-31-00 10.250% PA - 80.00% Paid Off - 360 Nov-16-98
4677269 1 24,700.00 24,628.19 Mar-31-00 13.750% MI - 61.70% Paid Off - 360 Nov-30-98
4681398 1 45,000.00 44,911.55 Mar-31-00 14.750% MI - 58.40% Paid Off - 360 Feb-03-99
4923901 1 174,000.00 173,103.04 Mar-31-00 11.800% GA - 75.00% Paid Off - 360 Sep-23-98
4924207 1 61,900.00 60,201.10 Mar-31-00 14.750% GA - 64.90% Paid Off - 180 Sep-28-98
5439159 1 21,000.00 20,349.62 Mar-31-00 13.500% MO - 60.00% Paid Off - 180 Sep-30-98
5915007 1 12,000.00 9,560.07 Mar-31-00 10.500% NC - 19.60% Paid Off - 60 Oct-13-98
5915953 1 42,500.00 42,311.47 Mar-31-00 11.550% NC - 85.00% Paid Off - 360 Dec-24-98
7217579 1 59,000.00 58,843.13 Mar-31-00 12.570% IL - 69.00% Paid Off - 360 Mar-19-99
7237022 1 25,000.00 24,352.39 Mar-31-00 10.750% FL - 73.00% Paid Off - 180 Mar-09-99
7239076 1 36,000.00 34,279.58 Mar-31-00 8.950% NJ - 70.00% Paid Off - 180 Mar-31-99
7252412 1 50,000.00 49,739.83 Mar-31-00 9.400% CA - 34.00% Paid Off - 360 Apr-05-99
7258666 1 48,700.00 47,954.03 Mar-31-00 8.200% MO - 83.00% Paid Off - 240 Mar-31-99
7260652 1 32,000.00 31,797.82 Mar-31-00 8.450% AZ - 52.00% Paid Off - 360 Mar-31-99
7266049 1 40,900.00 40,537.15 Mar-31-00 9.250% PA - 37.00% Paid Off - 240 May-12-99
7271786 1 60,900.00 59,821.64 Mar-31-00 9.750% NY - 32.00% Paid Off - 180 Apr-30-99
7273703 1 103,000.00 101,636.88 Mar-31-00 8.200% DC - 80.00% Paid Off - 360 May-10-99
7616317 1 74,100.00 73,885.58 Mar-31-00 11.100% MI - 65.00% Paid Off - 360 May-27-99
7619537 1 33,500.00 32,241.75 Mar-31-00 10.250% CO - 75.00% Paid Off - 120 Jun-18-99
7620276 1 FCL 22,500.00 22,273.51 Mar-31-00 10.350% OH - 41.00% Paid Off - 180 Jun-11-99
9360336 1 43,657.00 41,620.58 Mar-31-00 10.000% IA - 30.40% Paid Off - 180 Jul-30-98
9420231 1 19,875.00 19,776.73 Mar-31-00 11.500% IA - 79.50% Paid Off - 360 Nov-25-98
9423168 1 59,020.00 58,863.69 Mar-31-00 14.170% VA - 65.00% Paid Off - 360 Nov-30-98
9434682 1 58,500.00 58,335.29 Mar-31-00 13.540% LA - 65.00% Paid Off - 360 Dec-21-98
9450343 1 41,250.00 41,084.97 Mar-31-00 11.130% GA - 75.00% Paid Off - 360 Feb-03-99
9456449 1 19,465.00 19,369.25 Mar-31-00 10.150% FL - 85.00% Paid Off - 360 Feb-08-99
9458662 1 FCL 71,500.00 71,398.32 Mar-31-00 13.670% SC - 65.00% Paid Off - 360 Feb-18-99
9460160 1 32,250.00 32,094.75 Mar-31-00 10.250% IA - 75.00% Paid Off - 360 Feb-19-99
9470301 1 35,700.00 35,586.14 Mar-31-00 11.720% MI - 70.00% Paid Off - 360 Mar-16-99
9473270 1 39,200.00 38,954.92 Mar-31-00 8.990% IA - 80.00% Paid Off - 360 Mar-17-99
9476490 1 81,600.00 81,283.77 Mar-31-00 11.020% FL - 80.00% Paid Off - 360 Mar-30-99
9477497 1 21,000.00 20,559.71 Mar-31-00 12.010% PA - 52.00% Paid Off - 180 Mar-29-99
9477675 1 22,950.00 22,412.53 Mar-31-00 10.760% LA - 90.00% Paid Off - 180 Apr-06-99
9481281 1 FCL 45,500.00 45,422.06 Mar-31-00 11.270% MI - 70.00% Paid Off - 360 Apr-01-99
9490558 1 51,000.00 50,728.07 Mar-31-00 8.750% IA - 78.40% Paid Off - 360 Apr-20-99
9495347 1 70,000.00 69,743.12 Mar-31-00 9.990% IL - 80.00% Paid Off - 360 Apr-30-99
9496815 1 31,000.00 30,872.04 Mar-31-00 9.990% IL - 54.30% Paid Off - 360 Apr-30-99
9496858 1 39,800.00 39,565.25 Mar-31-00 8.250% IA - 61.70% Paid Off - 360 Apr-30-99
9497226 1 34,450.00 34,409.99 Mar-31-00 15.170% NY - 65.00% Paid Off - 360 May-03-99
9501126 1 103,000.00 100,471.41 Mar-31-00 7.570% FL - 66.80% Paid Off - 180 May-20-99
9507035 1 57,000.00 56,833.15 Mar-31-00 11.030% IL - 53.20% Paid Off - 360 May-21-99
9559906 1 25,275.00 25,223.82 Mar-31-00 11.360% IL - 73.20% Paid Off - 360 Jun-07-99
9706879 1 26,250.00 25,834.27 Mar-31-00 12.500% MN - 95.00% Paid Off - 180 May-18-99
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 20 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
- ---------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
Loan Number Original Current State &
& Loan Principal Prepayment Prepayment Note LTV at Original Origination
Loan Group Status Balance Amount Date Rate Origination Term Date
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1446134 2 135,000.00 134,644.97 Mar-31-00 13.250% AZ - 62.70% Paid Off - 360 Feb-03-99
1463063 2 81,600.00 81,222.65 Mar-31-00 10.000% UT - 80.00% Paid Off - 360 Mar-05-99
4589815 2 60,400.00 60,203.47 Mar-31-00 13.625% OH - 64.90% Paid Off - 360 Dec-22-98
5520622 2 66,300.00 66,015.28 Mar-31-00 12.375% TN - 65.00% Paid Off - 360 Jan-04-99
7245211 2 96,000.00 93,717.24 Mar-31-00 8.700% NJ - 80.00% Paid Off - 180 Mar-29-99
7288670 2 100,800.00 100,151.73 Mar-31-00 8.500% OH - 80.00% Paid Off - 360 May-11-99
7622333 2 85,500.00 85,054.91 Mar-31-00 8.450% OH - 90.00% Paid Off - 360 Jun-09-99
7636091 2 77,000.00 76,855.11 Mar-31-00 13.250% AZ - 48.00% Paid Off - 360 Jun-30-99
9391657 2 51,000.00 50,650.51 Mar-31-00 9.410% PA - 75.00% Paid Off - 360 Oct-20-98
9403248 2 253,270.00 251,255.02 Mar-31-00 10.640% CA - 84.90% Paid Off - 360 Oct-15-98
9418954 2 59,800.00 59,640.44 Mar-31-00 13.470% NC - 65.00% Paid Off - 360 Nov-16-98
9426116 2 46,400.00 46,102.16 Mar-31-00 11.625% OH - 80.00% Paid Off - 360 Dec-01-98
9431039 2 156,390.00 150,345.14 Mar-31-00 10.490% WA - 85.40% Paid Off - 180 Dec-31-98
9431063 2 112,000.00 111,304.09 Mar-31-00 9.020% IL - 80.00% Paid Off - 360 Jan-06-99
9445110 2 FCL 45,000.00 44,908.99 Mar-31-00 13.270% MI - 54.20% Paid Off - 360 Jan-19-99
9447164 2 32,000.00 31,807.87 Mar-31-00 11.375% NV - 33.60% Paid Off - 360 Jan-22-99
9448004 2 13,500.00 13,386.64 Mar-31-00 11.850% MI - 75.00% Paid Off - 360 Jan-25-99
9450807 2 153,810.00 153,172.80 Mar-31-00 10.490% CA - 89.40% Paid Off - 360 Feb-04-99
9453970 2 98,000.00 97,451.55 Mar-31-00 10.020% MN - 70.00% Paid Off - 360 Feb-09-99
9455213 2 82,489.00 81,332.57 Mar-31-00 10.350% PA - 74.90% Paid Off - 360 Feb-05-99
9456406 2 97,500.00 97,381.79 Mar-31-00 15.520% GA - 65.00% Paid Off - 360 Feb-16-99
9457003 2 104,300.00 103,936.37 Mar-31-00 11.760% TX - 70.00% Paid Off - 360 Feb-22-99
9472169 2 60,000.00 59,710.85 Mar-31-00 9.770% WI - 80.00% Paid Off - 360 Mar-30-99
9472762 2 71,300.00 71,094.91 Mar-31-00 12.640% LA - 62.00% Paid Off - 360 Mar-24-99
9473084 2 FCL 48,650.00 48,594.88 Mar-31-00 13.970% KY - 70.00% Paid Off - 360 Mar-22-99
9477667 2 40,095.00 40,039.32 Mar-31-00 14.390% LA - 55.00% Paid Off - 360 Mar-26-99
9480021 2 FCL 48,750.00 48,740.79 Mar-31-00 13.840% OH - 65.00% Paid Off - 360 Apr-05-99
9486186 2 FCL 125,000.00 124,951.20 Mar-31-00 13.720% FL - 52.00% Paid Off - 360 Apr-20-99
9486526 2 112,500.00 112,033.98 Mar-31-00 9.970% OH - 90.00% Paid Off - 360 Apr-26-99
9489339 2 124,000.00 123,396.35 Mar-31-00 8.600% NJ - 80.00% Paid Off - 360 May-03-99
9490507 2 150,150.00 149,737.38 Mar-31-00 12.390% VA - 65.00% Paid Off - 360 Apr-26-99
9491481 2 56,000.00 55,850.99 Mar-31-00 11.470% IN - 80.00% Paid Off - 360 Apr-28-99
9493786 2 181,600.00 180,677.37 Mar-31-00 9.820% MN - 80.00% Paid Off - 360 Apr-30-99
9497269 2 96,000.00 94,785.10 Mar-31-00 8.980% IL - 79.30% Paid Off - 360 May-12-99
9499385 2 65,000.00 64,887.95 Mar-31-00 14.040% CO - 42.40% Paid Off - 360 May-12-99
9500960 2 148,800.00 148,165.97 Mar-31-00 9.250% CA - 80.00% Paid Off - 360 May-20-99
9505121 2 38,000.00 37,867.01 Mar-31-00 10.190% TN - 58.40% Paid Off - 360 May-24-99
9506373 2 FCL 73,350.00 73,350.00 Mar-31-00 10.060% CO - 90.00% Paid Off - 360 May-26-99
9506713 2 28,800.00 28,703.20 Mar-31-00 10.560% KY - 90.00% Paid Off - 360 May-26-99
9508228 2 155,700.00 155,399.03 Mar-31-00 10.710% IL - 90.00% Paid Off - 360 Jul-19-99
9511792 2 29,750.00 29,681.19 Mar-31-00 11.480% OH - 85.00% Paid Off - 360 Jun-25-99
9513108 2 22,750.00 22,721.22 Mar-31-00 14.290% OH - 65.00% Paid Off - 360 Jun-18-99
9535977 2 92,650.00 92,306.63 Mar-31-00 9.920% VA - 76.00% Paid Off - 360 May-28-99
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 21 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REALIZED LOSSES ADJUSTABLE FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
CURRENT
Number of Loans Liquidated 3 4 7
Collateral Realized Loss/(Gain) Amount 83,226.44 86,693.17 169,919.61
Net Liquidation Proceeds 61,646.96 22,985.61 84,632.57
CUMULATIVE
Number of Loans Liquidated 5 13 18
Collateral Realized Loss/(Gain) Amount 146,169.50 267,706.11 413,875.61
Net Liquidation Proceeds 224,119.77 102,356.10 326,475.87
Note: Collateral realized losses may include adjustments to loans
liquidated in prior periods.
Loss Percentage 0.0719% 0.1361%
Annualized Loss Percentage 0.0310% 0.0920%
- -----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL LOSS SEVERITY APPROXIMATION BY GROUPS COLLATERAL LOSS SEVERITY APPROXIMATION
[GRAPH] [GRAPH]
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 22 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
DEFAULT SPEEDS ADJUSTABLE FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
MDR 0.08% 0.06% 0.07%
3 Months Avg MDR 0.07% 0.03% 0.05%
12 Months Avg MDR
Avg MDR Since Cut-off 0.02% 0.02% 0.02%
CDR 0.94% 0.71% 0.83%
3 Months Avg CDR 0.79% 0.38% 0.58%
12 Months Avg CDR
Avg CDR Since Cut-off 0.26% 0.26% 0.26%
SDA 4.57% 3.25% 3.89%
3 Months Avg SDA Approximation 4.23% 1.89% 3.02%
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation 2.04% 1.87% 1.95%
Loss Severity Approximation for Current Period 57.45% 79.04% 66.75%
3 Months Avg Loss Severity Approximation 42.65% 93.01% 66.85%
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off 42.65% 81.25% 65.56%
- -----------------------------------------------------------------------------------------------------------------------------------
CDR BY GROUPS TOTAL CDR
[GRAPH] [GRAPH]
SDA BY GROUPS TOTAL SDA
[GRAPH] [GRAPH]
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 23 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
- -----------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
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:
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>
-C- COPYRIGHT 2000 Deutsche Bank
Page 24 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS DETAIL REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS DETAIL REPORT - LOANS LIQUIDATED DURING CURRENT DISTRIBUTION
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
- ---------------------------------------------------- -----------------------------------------------------------
Total Loan Count = 7 Loan Group 1 = Fixed Group
Total Original Principal Balance = 254,820.00 Loan Group 2 = Adjustable Group
Total Prior Principal Balance = 254,552.18
Total Realized Loss Amount = 169,919.61
Total Net Liquidation Proceeds = 84,632.57
- ---------------------------------------------------- -----------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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
- -----------------------------------------------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C> <C> <C> <C>
7282338 1 FLC 25,600.00 25,497.01 2,511.40 12.000% OR - 75.00% 180 Apr-28-99
7291744 1 FLC 17,970.00 17,913.80 17,913.80 12.550% NY - 14.00% 180 May-19-99
9495983 1 34,800.00 34,774.98 34,774.98 15.170% NY - 60.00% 360 Apr-29-99
9550755 1 31,500.00 31,492.99 31,492.99 13.120% FL - 70.00% 360 Jun-21-99
1459392 2 REO 56,550.00 56,473.40 15,411.13 14.500% FL - 65.00% 360 Aug-19-98
9488316 2 FLC 48,750.00 48,750.00 35,580.84 11.180% OH - 75.00% 360 Apr-21-99
9510109 2 FLC 39,650.00 39,650.00 32,192.66 15.270% NC - 65.00% 360 Jun-01-99
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 25 of 26
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-1
MORTGAGE PASS-THROUGH CERTIFICATES
<TABLE>
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT FOR APRIL 17, 2000 DISTRIBUTION
- -------------------------------------------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------------------------------------------
ADJUSTABLE RATE CERTIFICATE INFORMATION ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------
SPACE INTENTIONALLY LEFT BLANK
- -------------------------------------------------------------------------------------------------------------------
ADDITIONAL INFORMATION ADJUSTABLE FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------
Supplamental Interest Amounts 0.00 0.00 0.00
Supplamental Interest Amounts Unpaid 0.00 0.00 0.00
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 26 of 26
<PAGE>
[LOGO] EXHIBIT 20.2
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
APRIL 17, 2000 DISTRIBUTION
- -------------------------------------------------------------------------------
CONTENTS
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
TABLE OF CONTENTS
--------------------------------------------------------------------------
PAGE
<S> <C>
1. Contents 1
2. Certificate Payment Report 2
3. Collection Account Report 6
4. Credit Enhancement Report 9
5. Collateral Report 10
6. Delinquency Report 13
7. REO Report 17
8. Prepayment Report 18
9. Prepayment Detail Report 21
10. Realized Loss Report 23
11. Realized Loss Detail Report 26
12. Triggers, Adj. Rate Cert. and Miscellaneous Report 27
-----
Total Number of Pages 27
-------------------------------------------------------------------------
</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>
ISSUANCE INFORMATION
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Seller: Aames Capital Corporation Cut-Off Date: November 1, 1999
Certificate Insurer: Financial Security Assurance Inc. Closing Date: November 18, 1999
Servicer(s): Aames Capital Corporation Master Servicer First Payment Date: December 15, 1999
Fairbanks Capital Corp. Back-Up Servicer
Underwriter(s): Banc Of America Securities LLC Lead Underwriter Distribution Date: April 17, 2000
Greenwich Capital Markets, Inc. Co-Lead Underwriter Record Date: April 14, 2000
Lehman Brothers Securities Corporation Co-Lead Underwriter March 31, 2000
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 1 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
- ----------------------------------------------------------------------------------------------------------------------------------
Prior Current
Class Original Principal Total Realized Deferred Principal
Class Type Face Value Balance Interest Principal Distribution Losses Interest Balance
- ----------------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)=(2)+(3) (5) (6) (7)=(1)-(3)-(5)+(6)
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-F 229,500,000.00 222,797,553.13 1,409,008.86 3,212,193.74 4,621,202.60 - - 219,585,359.39
A-V1 155,000,000.00 149,559,255.98 876,557.45 1,172,191.77 2,048,749.22 - - 148,387,064.21
A-V2 15,500,000.00 14,852,495.33 87,866.43 336,103.50 423,969.93 - - 14,516,391.83
C 3,494,923.86 6,303,077.95 - - - - 600,578.41 6,903,656.36
R-II - - - - - - -
- ----------------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.86 393,512,382.39 2,373,432.74 4,720,489.02 7,093,921.76 - 600,578.41 389,392,471.79
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST ACCRUAL DETAIL CURRENT PERIOD FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE
- -----------------------------------------------------------------------------------------------------------------------------------
Orig. Principal Prior Current
Period Period (with Notional) Principal Total Principal
Class Starting Ending Method Cusip Balance Balance Interest Principal Distribution Balance
(1) (2) (3) (4)=(2)+(3) (5)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-F F-30/360 00253CFR3 229,500,000.00 970.795438 6.139472 13.996487 20.135959 956.798952
A-V1 03/15/00 04/16/00 A-Act/360 00253CFS1 155,000,000.00 964.898426 5.655209 7.562528 13.217737 957.335898
A-V2 03/15/00 04/16/00 A-Act/360 00253CFT9 15,500,000.00 958.225505 5.668802 21.684097 27.352899 936.541408
C - 3,494,923.86 1,803.495070 - - - 1,975.338129
R-II - - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 2 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - TO DATE
- ------------------------------------------------------------------------------------------------------------------------
Original Unscheduled Scheduled Total Total Realized Deferred
Class Face Value Interest Principal Principal Principal Distribution Losses Interest
- ------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8)
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-F 229,500,000.00 7,165,189.56 8,802,407.33 1,112,233.27 9,914,640.60 17,079,830.16 - -
A-V1 155,000,000.00 4,051,391.19 6,268,070.33 344,865.46 6,612,935.79 10,664,326.98 - -
A-V2 15,500,000.00 411,086.68 946,986.69 36,621.49 983,608.18 1,394,694.86 - -
C 3,494,923.86 - - - - - - 3,408,732.50
R-II - - - - - - -
- ------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.86 11,627,667.43 16,017,464.36 1,493,720.22 17,511,184.58 29,138,852.01 - 3,408,732.50
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------
Current
Principal
Class Balance
- ------------------------------------
(9)=(1)-(5)-(7)+(8)
- ------------------------------------
<S> <C>
A-F 219,585,359.39
A-V1 148,387,064.21
A-V2 14,516,391.83
C 6,903,656.36
R-II -
- ------------------------------------
Total 389,392,471.79
- ----------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST DETAIL
- ---------------------------------------------------------------------------------------------------------------------------
Pass- Prior Principal Non- Prior Unscheduled Paid or
Through (with Notional) Accrued Supported Unpaid Interest Optimal Deferred
Class Rate Balance Interest Interest SF Interest Adjustments Interest Interest
- ---------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4) (5)=(1)-(2)+(3)+(4) (6)
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-F 7.58900% 222,797,553.13 1,409,008.86 - - - 1,409,008.86 1,409,008.86
A-V1 6.39375% 149,559,255.98 876,557.45 - - - 876,557.45 876,557.45
A-V2 6.45375% 14,852,495.33 87,866.43 - - - 87,866.43 87,866.43
C 6,303,077.95 - - - - - 600,578.41
R-II - - - - - - -
- ---------------------------------------------------------------------------------------------------------------------------
Total 393,512,382.39 2,373,432.74 - - - 2,373,432.74 2,974,011.15
- ---------------------------------------------------------------------------------------------------------------------------
- --------------------------
Current
Unpaid
Interest
- --------------------------
(7)=(5)-(6)
- --------------------------
- --------------------------
A-F -
A-V1 -
A-V2 -
C -
R-II -
- --------------------------
Total -
- --------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 3 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - CURRENT PERIOD
- -----------------------------------------------------------------------------------------------------------------------------
Prior
Class Original Principal Total Realized
Class Type Face Value Balance Interest Principal Distribution Losses
- -----------------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)=(2)+(3) (5)
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
LT-AF 22,950.00 22,279.76 144.13 321.22 465.35 -
LT-MF 232,971,973.85 227,514,568.12 1,765,838.36 2,854,898.89 4,620,737.25 94,400.67
LT-AV1 15,500.00 14,955.93 88.35 117.22 205.57 -
LT-MV1 154,984,500.00 151,006,621.83 1,162,020.17 886,523.48 2,048,543.65 57,846.62
LT-AV2 1,550.00 1,485.25 7.81 33.61 41.42 -
- -----------------------------------------------------------------------------------------------------------------------------
LT-MV2 15,498,450.00 14,991,528.81 110,485.28 313,443.23 423,928.51 -
R-I - - 0.01 - 0.01 -
- -----------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.85 393,551,439.70 3,038,584.11 4,055,337.65 7,093,921.76 152,247.29
- -----------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------
Current
Deferred Principal
Interest Balance
- --------------------------------------------
(6) (7)=(1)-(3)-(5)+(6)
- --------------------------------------------
LT-AF - 21,958.54
LT-MF 35.70 224,565,304.26
LT-AV1 - 14,838.71
LT-MV1 28.56 150,062,280.29
LT-AV2 - 1,451.64
- --------------------------------------------
LT-MV2 2.26 14,678,087.84
R-I - -
- --------------------------------------------
Total 66.52 389,343,921.28
- --------------------------------------------
</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 Principal
(1) (2) (3)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
LT-AF F-30/360 22,950.00 970.795643 6.280174 13.996514
LT-MF F-30/360 232,971,973.85 976.574840 7.579617 12.254259
LT-AV1 03/15/00 04/16/00 A-Act/360 15,500.00 964.898710 5.700000 7.562581
LT-MV1 A-Act/360 154,984,500.00 974.333703 7.497654 5.720078
LT-AV2 03/15/00 04/16/00 A-Act/360 - 1,550958.225806 5.038710 21.683871
- -----------------------------------------------------------------------------------------------------------------------------------
LT-MV2 A-Act/360 15,498,450.00 967.292136 7.128795 20.224166
R-I - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------
Current
Total Principal
Distribution Balance
- -------------------------------------------------
(4)=(2)+(3) (5)
- -------------------------------------------------
LT-AF 20.276688 956.799129
LT-MF 19.833876 963.915533
LT-AV1 13.262581 957.336129
LT-MV1 13.217732 968.240568
LT-AV2 26.722581 936.541935
- -------------------------------------------------
LT-MV2 27.352962 947.068116
R-I -
- -------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 4 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 1999-2
CERTIFICATE PAYMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS - TO DATE
- ----------------------------------------------------------------------------------------------------------------------------------
Original Unscheduled Scheduled Total Total Realized
Class Face Value Interest Principal Principal Principal Distribution Losses
(1) (2) (3) (4) (5)=(3)+(4) (6)=(2)+(5) (7)
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
LT-AF 22,950.00 726.55 880.24 111.23 991.47 1,718.02 (0.01)
LT-MF 232,971,973.85 8,798,125.85 7,167,646.87 1,112,339.43 8,279,986.30 17,078,112.15 126,846.68
LT-AV1 15,500.00 407.62 626.81 34.47 661.28 1,068.90 0.01
LT-MV1 154,984,500.00 5,836,839.59 4,481,347.21 345,071.22 4,826,418.43 10,663,258.02 95,979.89
LT-AV2 1,550.00 41.30 94.70 3.67 98.37 139.67 (0.01)
LT-MV2 15,498,450.00 576,896.12 784,429.83 35,953.00 820,382.83 1,397,278.95 (4.36)
R-I - 0.01 - - - 0.01 -
- ----------------------------------------------------------------------------------------------------------------------------------
Total 403,494,923.85 15,213,037.04 12,435,025.65 1,493,513.03 13,928,538.68 29,141,575.72 222,822.20
- ----------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------
Current
Deferred Principal
Interest Balance
(8) (9)=(1)-(5)-(7)+(8)
- --------------------------------------------------
LT-AF - 21,958.54
LT-MF 163.39 224,565,304.26
LT-AV1 - 14,838.71
LT-MV1 178.61 150,062,280.29
LT-AV2 - 1,451.64
LT-MV2 16.31 14,678,087.84
R-I - -
- --------------------------------------------------
Total 358.31 389,343,921.28
- --------------------------------------------------
</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% 22,279.76 144.13 - - -
LT-MF 9.10519% 227,514,568.12 1,765,874.06 - - -
LT-AV1 6.39375% 14,955.93 88.35 - - -
LT-MV1 9.16235% 151,006,621.83 1,162,048.73 - - -
LT-AV2 6.45375% 1,485.25 7.81 - - -
- ----------------------------------------------------------------------------------------------------------------------
LT-MV2 9.05260% 14,991,528.81 110,487.54 - - -
R-I - - - - - -
- ----------------------------------------------------------------------------------------------------------------------
Total 393,551,439.70 3,038,650.62 - - -
- ----------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------
Paid or Current
Optimal Deferred Unpaid
Interest Interest Interest
(5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
- -----------------------------------------------------------------
LT-AF 144.13 144.13 -
LT-MF 1,765,874.06 1,765,874.06 -
LT-AV1 88.35 88.35 -
LT-MV1 1,162,048.73 1,162,048.73 -
LT-AV2 7.81 7.81 -
- -----------------------------------------------------------------
LT-MV2 110,487.54 110,487.54 -
R-I - 0.01 -
- -----------------------------------------------------------------
Total 3,038,650.62 3,038,650.63 -
- -----------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 5 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
- --------------------------------------------------------------------------------------------------------------------------------
SUMMARY ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 313,474.58 886,612.14 2,855,184.41 4,055,271.13
Principal Withdrawals 0.00 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00 0.00
TOTAL NET PRINCIPAL 313,474.58 886,612.14 2,855,184.41 4,055,271.13
Interest Collections 124,095.49 1,315,278.59 1,961,922.45 3,401,296.53
Interest Withdrawals 0.00 (5,185.44) (4,608.08) (9,793.52)
Interest Other Accounts 0.00 0.00 0.00 0.00
Interest Fees (13,600.14) (147,956.07) (191,296.18) (352,852.38)
TOTAL NET INTEREST 110,495.35 1,162,137.08 1,766,018.19 3,038,650.63
TOTAL AVAILABLE FUNDS TO BONDHOLDERS 423,969.93 2,048,749.22 4,621,202.60 7,093,921.76
Capitalized Interest 0.00 0.00 0.00 0.00
TOTAL REMITANCE DUE FROM SERVICER 432,253.78 2,144,145.14 4,729,189.95 7,305,588.87
- --------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - COLLECTIONS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------------
Scheduled Principal 6,923.66 70,919.98 294,762.18 372,605.82
Curtailments 0.00 0.00 0.00 0.00
Prepayments in Full 306,550.92 815,692.16 2,524,711.22 3,646,954.30
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 57,846.62 130,111.68 187,958.30
Insurance Principal 0.00 0.00 0.00 0.00
Other Additional Principal 0.00 0.00 0.00 0.00
Delinquent Principal 0.00 0.00 0.00 0.00
Realized Losses 0.00 (57,846.62) (94,400.67) (152,247.29)
Mortgage Replacement Amount 0.00 0.00 0.00 0.00
TOTAL PRINCIPAL COLLECTED 313,474.58 886,612.14 2,855,184.41 4,055,271.13
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 6 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
- ----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - WITHDRAWALS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
- ----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - OTHER ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
Prefunded Release Amount 0.00 0.00 0.00 0.00
TOTAL OTHER ACCOUNTS PRINCIPAL 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------
INTEREST - COLLECTIONS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------
Scheduled Interest 125,026.29 1,310,717.08 1,927,951.79 3,363,695.16
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 698.24 1,313.90 2,012.14
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 (19,411.20) (232,335.79) (253,083.34) (504,830.33)
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 18,480.40 221,970.28 241,585.15 482,035.83
Closing Date Deposits 0.00 0.00 0.00 0.00
Insurer Interest to Cover PPIS 0.00 0.00 0.00 0.00
Prepayment Penalties 0.00 14,228.78 44,154.95 58,383.73
TOTAL INTEREST COLLECTED 124,095.49 1,315,278.59 1,961,922.45 3,401,296.53
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 7 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
- -----------------------------------------------------------------------------------------------------------------------------------
INTEREST - WITHDRAWALS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Unpaid Servicing Fees 0.00 0.00 0.00 0.00
Advances Reimbursed 0.00 5,185.44 4,608.08 9,793.52
TOTAL INTEREST WITHDRAWLS 0.00 5,185.44 4,608.08 9,793.52
- -----------------------------------------------------------------------------------------------------------------------------------
INTEREST - OTHER ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
Capitialized Interest Requirement 0.00 0.00 0.00 0.00
TOTAL OTHER ACCOUNT INTEREST 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
INTEREST - FEES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
Current Servicing Fees 5,316.29 52,560.15 83,308.83 141,185.27
Back Up Servicing Fees 312.35 3,146.28 4,740.35 8,198.98
Certificate Insurance Premiums 2,846.73 28,665.52 42,702.86 74,215.11
Trustee Fees 0.00 0.00 0.00 0.00
PMI 5,124.77 63,584.12 60,544.14 129,253.02
TOTAL INTEREST OTHER FEES 13,600.14 147,956.07 191,296.18 352,852.38
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 8 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
CREDIT ENHANCEMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
CREDIT ENHANCEMENT REPORT
- -------------------------------------------------------------------------------------------------------------------------------
ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
- -------------------------------------------------------------------------------------------------------------------------------
INSURANCE ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------------
Insurance Premium Due 2,846.73 28,665.52 42,702.86 74,215.11
Insurance Premium Paid 2,846.73 28,665.52 42,702.86 74,215.11
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
- -------------------------------------------------------------------------------------------------------------------------------
Extra Principal Distribution Amt 22,628.92 285,579.63 357,009.33 665,217.89
Overcollateralization Amount 163,147.65 1,690,054.79 5,001,903.41 6,855,105.85
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 556,981.27 5,570,524.84 5,839,877.49 11,967,383.60
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 9 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
- -----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Loan Count:
ORIGINAL 40 1672 2983 4695
Prior 53 1,829 3,339 5,221
Prefunding - - - -
Scheduled Paid Offs - - - -
Full Voluntary Prepayments (1) (13) (39) (53)
Repurchases - - - -
Liquidations - (2) (3) (5)
------------------------------------------------------------------------------------------------------------------------------
Current 52 1,814 3,297 5,163
PRINCIPAL BALANCE:
Original 12,355,122.19 140,132,704.74 204,775,276.64 357,263,103.57
Prior 14,993,014.06 151,021,577.76 227,536,847.88 393,551,439.70
Prefunding - - - -
Scheduled Principal (6,923.66) (70,919.98) (294,762.18) (372,605.82)
Partial and Full Voluntary Prepayments (306,550.92) (815,692.16) (2,524,711.22) (3,646,954.30)
Repurchases - - - -
------------------------------------------------------------------------------------------------------------------------------
Liquidations - (57,846.62) (130,111.68) (187,958.30)
Current 14,679,539.48 150,077,119.00 224,587,262.80 389,343,921.28
- -----------------------------------------------------------------------------------------------------------------------------------
PREFUNDING ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
Prefunding Beginning Balance 0.00 0.00 0.00 0.00
Balance of Subsequent Loans Transfered 0.00 0.00 0.00 0.00
Prefunded Amount Dispursed To Offered Certificates 0.00 0.00 0.00 0.00
Prefunding Ending Balance 0.00 0.00 0.00 0.00
Capitalized Interest Beginning Balance 0.00 0.00 0.00 0.00
Capitalized Interest Requirement 0.00 0.00 0.00 0.00
Capitalized Interest Released to Seller 0.00 0.00 0.00 0.00
Capitalized Interest Ending Balance 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --.-- Fixed ___ Adjustable 2
- --/ /-- Adjustable 1 ---
CURRENT PRIN BALANCE BY GROUPS TOTAL CURRENT PRINCIPAL BALANCE
(IN MILLIONS OF DOLLARS) (IN MILLIONS OF DOLLARS)
[GRAPH] [GRAPH]
-C- COPYRIGHT 2000 Deutsche Bank
Page 10 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
- -------------------------------------------------------------------------------------------------------------------------
CHARACTERISTICS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Weighted Average Coupon Original 9.821401% 10.362308% 10.137077% 10.214505%
Weighted Average Coupon Prior 9.997691% 10.412362% 10.177902% 10.260766%
Weighted Average Coupon Current 10.006763% 10.420355% 10.174699% 10.262569%
--------------------------------------------------------------------------------------------------------------------
Weighted Average Months to Maturity Original 358 357 324 338
Weighted Average Months to Maturity Prior 355 354 321 335
Weighted Average Months to Maturity Current 354 353 320 334
--------------------------------------------------------------------------------------------------------------------
Weighted Avg Remaining Amortization Term Original 358 357 325 339
Weighted Avg Remaining Amortization Term Prior 356 354 322 336
Weighted Avg Remaining Amortization Term Current 355 353 321 335
--------------------------------------------------------------------------------------------------------------------
Weighted Average Seasoning Original 1.75 1.69 1.86 1.79
Weighted Average Seasoning Prior 4.30 4.50 4.59 4.54
Weighted Average Seasoning Current 5.26 5.50 5.59 5.54
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
- --.-- Fixed ___ Adjustable 2
- --/ /-- Adjustable 1 ---
WAC BY GROUPS TOTAL WAC
[GRAPH] [GRAPH]
WARAT BY GROUPS TOTAL WARAT
[GRAPH] [GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
-C- COPYRIGHT 2000 Deutsche Bank
Page 11 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL REPORT
- ----------------------------------------------------------------------------------------------------------------------------------
ARM CHARACTERISTICS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Weighted Average Margin Original 5.919% 5.907%
Weighted Average Margin Prior 5.904% 5.919%
Weighted Average Margin Current 5.894% 5.917%
-----------------------------------------------------------------------------------------------------------------------------
Weighted Average Max Rate Original 15.848% 16.424% 10.137%
Weighted Average Max Rate Prior 15.997% 16.457% 10.178%
Weighted Average Max Rate Current 15.986% 16.459% 10.175%
-----------------------------------------------------------------------------------------------------------------------------
Weighted Average Min Rate Original 9.821% 10.357% 10.137%
Weighted Average Min Rate Prior 9.963% 10.399% 10.116%
Weighted Average Min Rate Current 9.951% 10.400% 10.113%
-----------------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Up Original 2.026% 2.026%
Weighted Average Cap Up Prior 2.034% 2.024%
Weighted Average Cap Up Current 2.035% 2.024%
-----------------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Down Original 2.026% 2.026%
Weighted Average Cap Down Prior 2.034% 2.024%
Weighted Average Cap Down Current 2.035% 2.024%
- ----------------------------------------------------------------------------------------------------------------------------------
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
SERVICING FEES / ADVANCES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------------
Current Servicing Fees 5,316.29 52,560.15 83,308.83 141,185.27
Delinquent Servicing Fees 930.80 10,365.50 11,498.19 22,794.49
TOTAL SERVICING FEES 6,247.09 62,925.65 94,807.02 163,979.76
Total Servicing Fees 6,247.09 62,925.65 94,807.02 163,979.76
Compensating Interest 0.00 0.00 0.00 0.00
Delinquent Servicing Fees (930.80) (10,365.50) (11,498.19) (22,794.49)
COLLECTED SERVICING FEES 5,316.29 52,560.15 83,308.83 141,185.27
Prepayment Interest Shortfall 0.00 0.00 0.00 0.00
Total Advanced Interest 18,480.40 221,970.28 241,585.15 482,035.83
- ----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL COLLATERAL INFORMATION ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------------
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 12 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 7,004,859.52 2,040,487.72 670,824.65 9,716,171.89
% Balance 1.80% 0.52% 0.17% 2.50%
# Loans 104 23 15 142
% # Loans 2.01% 0.45% 0.29% 2.75%
- -----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - 165,775.81 1,919,039.09 11,780,693.86 13,865,508.76
% Balance 0.00% 0.04% 0.49% 3.03% 3.56%
# Loans - 3 29 161 193
% # Loans 0.00% 0.06% 0.56% 3.12% 3.74%
- -----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 702,529.44 56,216.01 - 356,960.84 1,115,706.29
% Balance 0.18% 0.01% 0.00% 0.09% 0.29%
# Loans 6 2 - 5 13
% # Loans 0.12% 0.04% 0.00% 0.10% 0.25%
- -----------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 124,980.87 124,980.87
% Balance 0.00% 0.00% 0.00% 0.03% 0.03%
# Loans - - - 3 3
% # Loans 0.00% 0.00% 0.00% 0.06% 0.06%
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 702,529.44 7,226,851.34 3,959,526.81 12,933,460.22 24,822,367.81
% Balance 0.18% 1.86% 1.02% 3.32% 6.38%
# Loans 6 109 52 184 351
% # Loans 0.12% 2.11% 1.01% 3.56% 6.80%
- -----------------------------------------------------------------------------------------------------------------------------------
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+ PAYMENTS = 90+
___ 6 MONTHS MOVING AVERAGE
</TABLE>
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.
-C- COPYRIGHT 2000 Deutsche Bank
Page 13 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - FIXED GROUP
- ----------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 3,503,143.59 680,857.41 431,274.20 4,615,275.20
% Balance 1.56% 0.30% 0.19% 2.06%
# Loans 60 11 11 82
% # Loans 1.82% 0.33% 0.33% 2.49%
- ----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - 56,406.40 1,035,906.63 4,983,565.73 6,075,878.76
% Balance 0.00% 0.03% 0.46% 2.22% 2.71%
# Loans - 1 17 81 99
% # Loans 0.00% 0.03% 0.52% 2.46% 3.00%
- ----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 484,165.31 56,216.01 - 111,970.84 652,352.16
% Balance 0.22% 0.03% 0.00% 0.05% 0.29%
# Loans 4 2 - 2 8
% # Loans 0.12% 0.06% 0.00% 0.06% 0.24%
- ----------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 83,730.87 83,730.87
% Balance 0.00% 0.00% 0.00% 0.04% 0.04%
# Loans - - - 2 2
% # Loans 0.00% 0.00% 0.00% 0.06% 0.06%
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 484,165.31 3,615,766.00 1,716,764.04 5,610,541.64 11,427,236.99
% Balance 0.22% 1.61% 0.76% 2.50% 5.09%
# Loans 4 63 28 96 191
% # Loans 0.12% 1.91% 0.85% 2.91% 5.79%
- ----------------------------------------------------------------------------------------------------------------------------------
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+ PAYMENTS = 90+
___ 6 MONTHS MOVING AVERAGE
</TABLE>
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.
-C- COPYRIGHT 2000 Deutsche Bank
Page 14 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE 1 GROUP
- -----------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 3,187,190.51 1,045,104.89 239,550.45 4,471,845.85
% Balance 2.12% 0.70% 0.16% 2.98%
# Loans 43 12 4 59
% # Loans 2.37% 0.66% 0.22% 3.25%
- -----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - 109,369.41 883,132.46 6,697,128.13 7,689,630.00
% Balance 0.00% 0.07% 0.59% 4.46% 5.12%
# Loans - 2 12 79 93
% # Loans 0.00% 0.11% 0.66% 4.36% 5.13%
- -----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY Balance 218,364.13 - - 244,990.00 463,354.13
% Balance 0.15% 0.00% 0.00% 0.16% 0.31%
# Loans 2 - - 3 5
% # Loans 0.11% 0.00% 0.00% 0.17% 0.28%
- -----------------------------------------------------------------------------------------------------------------------------------
REO Balance - - - 41,250.00 41,250.00
% Balance 0.00% 0.00% 0.00% 0.03% 0.03%
# Loans - - - 1 1
% # Loans 0.00% 0.00% 0.00% 0.06% 0.06%
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL Balance 218,364.13 3,296,559.92 1,928,237.35 7,222,918.58 12,666,079.98
% Balance 0.15% 2.20% 1.28% 4.81% 8.44%
# Loans 2 45 24 87 158
% # Loans 0.11% 2.48% 1.32% 4.80% 8.71%
- -----------------------------------------------------------------------------------------------------------------------------------
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+ PAYMENTS = 90+
___ 6 MONTHS MOVING AVERAGE
</TABLE>
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.
-C- COPYRIGHT 2000 Deutsche Bank
Page 15 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE 2 GROUP
- -------------------------------------------------------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
DELINQUENT Balance 314,525.42 314,525.42 - 629,050.84
% Balance 2.14% 2.14% 0.00% 4.29%
# Loans 1 - - 1
% # Loans 1.92% 0.00% 0.00% 1.92%
- -------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - 100,000.00 100,000.00
% Balance 0.00% 0.00% 0.00% 0.68% 0.68%
# Loans - - - 1 1
% # Loans 0.00% 0.00% 0.00% 1.92% 1.92%
- -------------------------------------------------------------------------------------------------------------------------------
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 - 314,525.42 314,525.42 100,000.00 729,050.84
% Balance 0.00% 2.14% 2.14% 0.68% 4.97%
# Loans - 1 - 1 2
% # Loans 0.00% 1.92% 0.00% 1.92% 3.85%
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS,
3+ PAYMENTS = 90+
__ 6 MONTHS MOVING AVERAGE
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
-C- COPYRIGHT 2000 Deutsche Bank
Page 16 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REO REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
REO REPORT - MORTGAGE LOANS THAT BECOME REO DURING CURRENT DISTRIBUTION
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
Total Loan Count = 2 Loan Group 1 = Fixed Group; REO Book Value = Not Available
Total Original Principal Balance = 61,250.00 Loan Group 2 = Adjustable 1 Group; REO Book Value = Not Available
Total Current Balance = 61,230.87 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>
7636504 1 20,000.00 19,980.87 Sep-01-99 9.650% MO - 47.62% 360 Jun-30-99
9567186 2 41,250.00 41,250.00 Oct-01-99 11.940% TN - 75.00% 360 Sep-23-99
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 17 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
- --------------------------------------------------------------------------------------------------------------------------------
VOLUNTARY PREPAYMENTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CURRENT
Number of Paid in Full Loans 1 13 39 53
Number of Repurchased Loans - - - -
---------------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 1 13 39 53
Paid in Full Balance 306,550.92 815,692.16 2,524,711.22 3,646,954.30
Repurchased Loans Balance - - - -
Curtailments Amount - - - -
---------------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 306,550.92 815,692.16 2,524,711.22 3,646,954.30
CUMULATIVE
Number of Paid in Full Loans 3 57 122 182
Number of Repurchased Loans - - - -
---------------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 3 57 122 182
Paid in Full Balance 784,516.22 4,484,574.72 7,143,972.96 12,413,063.90
Repurchased Loans Balance - - - -
Curtailments Amount (900.31) (3,755.53) (12,674.55) (17,330.39)
---------------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 783,615.91 4,480,819.19 7,131,298.41 12,395,733.51
SPACE INTENTIONALLY LEFT BLANK
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOTAL PREPAYMENTS BY GROUPS TOTAL PREPAYMENTS
(IN THOUSANDS OF DOLLARS) (IN THOUSANDS OF DOLLARS)
[GRAPH] [GRAPH]
-C- COPYRIGHT 2000 Deutsche Bank
Page 18 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
- --------------------------------------------------------------------------------------------------------------------
VOLUNTARY PREPAYMENT RATES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SMM 2.05% 0.54% 1.11% 0.93%
3 Months Avg SMM 1.72% 0.69% 0.80% 0.79%
12 Months Avg SMM
Avg SMM Since Cut-off 1.04% 0.60% 0.63% 0.63%
CPR 21.97% 6.30% 12.55% 10.58%
3 Months Avg CPR 18.80% 7.94% 9.18% 9.09%
12 Months Avg CPR
Avg CPR Since Cut-off 11.74% 6.94% 7.30% 7.34%
PSA 2086.05% 572.44% 1122.47% 954.55%
3 Months Avg PSA Approximation 2187.47% 882.11% 999.54% 1000.33%
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 1730.46% 980.56% 1001.11% 1021.19%
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
- --.-- Fixed ___Adjustable 2
- --/ /-- Adjustable 1 ---
CPR BY GROUPS TOTAL CPR
[GRAPH] [GRAPH]
PSA BY GROUPS TOTAL PSA
[GRAPH] [GRAPH]
-C- COPYRIGHT 2000 Deutsche Bank
Page 19 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR APRIL 17, 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.
- -------------------------------------------------------------------------------
-C- COPYRIGHT 2000 Deutsche Bank
Page 20 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
- ---------------------------------------------------- --------------------------------------------------
<S> <C>
Total Loan Count = 53 Loan Group 1 = Fixed Group
Total Original Principal Balance = 3,659,175.00 Loan Group 2 = Adjustable 1 Group
Total Prepayment Amount = 3,646,954.30 Loan Group 3 = Adjustable 2 Group
Loan Group 3 = Adjustable 2 Group
- ---------------------------------------------------- --------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------
Loan Number Original Current State & Type Prepayment
& Loan Principal Prepayment Prepayment Note LTV at & Origination
Loan Group Status Balance Amount Date Rate Origination Original Term Date
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
7610327 1 76,200.00 75,821.42 Mar-31-00 8.500% MA - 51.84% Paid Off - 360 Jun-29-99
7618700 1 30,000.00 29,409.79 Mar-31-00 8.700% IL - 60.00% Paid Off - 180 Jun-14-99
7621051 1 40,900.00 40,674.38 Mar-31-00 13.000% MA - 32.72% Paid Off - 180 Oct-06-99
7627084 1 15,000.00 14,810.08 Mar-31-00 11.700% IN - 25.86% Paid Off - 180 Jul-07-99
7629060 1 19,500.00 19,242.64 Mar-31-00 11.250% OK - 12.62% Paid Off - 180 Jul-19-99
7648367 1 16,500.00 16,314.35 Mar-31-00 10.950% MA - 10.71% Paid Off - 180 Aug-25-99
7649339 1 54,000.00 53,955.17 Mar-31-00 13.500% TX - 50.00% Paid Off - 360 Aug-17-99
7656785 1 39,000.00 38,904.94 Mar-31-00 10.500% CO - 65.00% Paid Off - 360 Aug-06-99
7668120 1 39,200.00 39,120.92 Mar-31-00 11.700% OH - 67.59% Paid Off - 360 Aug-23-99
7672799 1 56,000.00 55,936.19 Mar-31-00 10.750% PA - 69.14% Paid Off - 360 Aug-31-99
7677901 1 58,000.00 57,425.46 Mar-31-00 9.850% IL - 50.88% Paid Off - 180 Sep-09-99
7681364 1 11,700.00 11,623.51 Mar-31-00 11.200% IN - 15.81% Paid Off - 180 Sep-20-99
7685556 1 148,000.00 147,675.93 Mar-31-00 10.700% FL - 80.00% Paid Off - 360 Sep-09-99
7699573 1 18,500.00 18,338.02 Mar-31-00 11.200% NY - 9.02% Paid Off - 180 Sep-29-99
7700741 1 49,700.00 49,626.06 Mar-31-00 9.500% OH - 70.00% Paid Off - 360 Oct-15-99
7703988 1 95,000.00 94,864.53 Mar-31-00 9.700% OH - 73.08% Paid Off - 360 Oct-19-99
7714815 1 60,000.00 59,933.79 Mar-31-00 10.900% MI - 36.36% Paid Off - 360 Oct-29-99
9502572 1 149,150.00 148,739.09 Mar-31-00 10.990% FL - 95.00% Paid Off - 360 Jul-29-99
9510877 1 35,000.00 34,864.40 Mar-31-00 8.600% CA - 28.23% Paid Off - 360 Aug-25-99
9522565 1 60,900.00 60,753.77 Mar-31-00 12.530% CT - 70.00% Paid Off - 360 Aug-24-99
9524509 1 49,400.00 49,362.72 Mar-31-00 14.920% NC - 65.00% Paid Off - 360 Aug-27-99
9528768 1 89,910.00 89,581.52 Mar-31-00 9.360% SC - 90.00% Paid Off - 360 Jun-16-99
9538275 1 19,500.00 19,500.00 Mar-31-00 14.670% MI - 60.00% Paid Off - 360 Jul-02-99
9544100 1 50,500.00 49,832.99 Mar-31-00 11.240% LA - 69.66% Paid Off - 180 Jul-30-99
9551123 1 54,400.00 54,298.16 Mar-31-00 11.720% PA - 80.00% Paid Off - 360 Jul-06-99
9556478 1 29,835.00 29,799.50 Mar-31-00 11.890% IN - 64.97% Paid Off - 360 Sep-13-99
9561668 1 90,000.00 89,728.90 Mar-31-00 10.030% TN - 54.38% Paid Off - 360 Sep-20-99
9562834 1 78,000.00 77,508.80 Mar-31-00 8.550% NM - 65.00% Paid Off - 360 Jun-23-99
9564594 1 30,000.00 29,954.70 Mar-31-00 9.430% KY - 57.58% Paid Off - 360 Sep-22-99
9568166 1 35,250.00 35,221.91 Mar-31-00 12.380% OH - 75.00% Paid Off - 360 Sep-29-99
9574573 1 FCL 66,960.00 66,960.00 Mar-31-00 11.730% FL - 72.00% Paid Off - 360 Oct-12-99
9577424 1 80,000.00 79,856.34 Mar-31-00 9.990% HI - 32.65% Paid Off - 360 Oct-14-99
9592350 1 56,250.00 56,250.00 Mar-31-00 12.510% WV - 75.00% Paid Off - 360 Nov-09-99
9711899 1 241,500.00 240,830.48 Mar-31-00 9.000% IL - 71.03% Paid Off - 360 Aug-06-99
9714529 1 75,600.00 74,827.36 Mar-31-00 11.990% KS - 70.00% Paid Off - 180 Aug-11-99
9722459 1 68,400.00 68,044.37 Mar-31-00 10.500% MI - 90.00% Paid Off - 360 Aug-31-99
9734252 1 82,500.00 82,392.21 Mar-31-00 12.500% CA - 75.00% Paid Off - 360 Sep-01-99
9750525 1 59,500.00 59,387.59 Mar-31-00 9.750% MI - 85.00% Paid Off - 360 Sep-29-99
9754121 1 204,000.00 203,339.23 Mar-31-00 8.500% CA - 80.00% Paid Off - 360 Sep-29-99
9513205 2 101,250.00 99,642.55 Mar-31-00 9.890% IL - 75.00% Paid Off - 180 Jul-09-99
9520813 2 FCL 20,000.00 20,000.00 Mar-31-00 14.270% KY - 50.63% Paid Off - 360 Sep-08-99
9537961 2 42,770.00 42,734.40 Mar-31-00 13.490% VA - 65.00% Paid Off - 360 Aug-31-99
9547916 2 66,400.00 66,258.38 Mar-31-00 9.170% MI - 80.00% Paid Off - 360 Sep-01-99
9548483 2 64,350.00 64,270.84 Mar-31-00 12.770% IN - 65.00% Paid Off - 360 Jul-19-99
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 21 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
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>
9550704 2 63,000.00 62,859.68 Mar-31-00 10.920% WI - 60.58% Paid Off - 360 Aug-02-99
9560491 2 110,000.00 109,745.36 Mar-31-00 8.780% MA - 58.51% Paid Off - 360 Sep-07-99
9562478 2 71,250.00 71,060.96 Mar-31-00 10.100% SC - 75.00% Paid Off - 360 Jun-08-99
9564934 2 50,700.00 50,662.62 Mar-31-00 14.020% IN - 65.00% Paid Off - 360 Sep-24-99
9572074 2 61,500.00 61,401.39 Mar-31-00 10.520% OH - 64.74% Paid Off - 360 Sep-30-99
9574476 2 62,100.00 62,017.95 Mar-31-00 10.060% IL - 82.80% Paid Off - 360 Oct-07-99
9581782 2 45,600.00 45,548.81 Mar-31-00 10.820% KY - 80.00% Paid Off - 360 Oct-20-99
9587292 2 FCL 59,500.00 59,489.22 Mar-31-00 14.020% MI - 56.13% Paid Off - 360 Nov-04-99
9541462 3 307,000.00 306,550.92 Mar-31-00 11.990% CA - 61.03% Paid Off - 360 Jul-21-99
- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 22 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- --------------------------------------------------------------------------------------------------------
COLLATERAL REALIZED LOSSES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CURRENT
Number of Loans Liquidated - 2 3 5
Collateral Realized Loss/(Gain) Amount - 57,846.62 94,400.67 152,247.29
Net Liquidation Proceeds - - 35,711.01 35,711.01
CUMULATIVE
Number of Loans Liquidated - 4 4 8
Collateral Realized Loss/(Gain) Amount - 96,041.52 126,900.67 222,942.19
Net Liquidation Proceeds - - 35,711.01 35,711.01
Note: Collateral realized losses may
include adjustments to loans liquidated
in prior periods.
Loss Percentage 0.0000% 0.0620% 0.0545% 0.1164%
Annualized Loss Percentage 0.0000% 0.0620% 0.0545% 0.1164%
- --------------------------------------------------------------------------------------------------------
- --.-- Fixed ___ Adjustable 2 ___ 3 Months Moving Average
- --/ /-- Adjustable 1 ---
</TABLE>
COLLATERAL LOSS SEVERITY COLLATERAL LOSS
APPROXIMATION BY GROUPS SEVERITY APPROXIMATION
[GRAPH] [GRAPH]
-C- COPYRIGHT 2000 Deutsche Bank
Page 23 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- --------------------------------------------------------------------------------------------------------
COLLATERAL REALIZED LOSSES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MDR 0.00% 0.04% 0.06% 0.05%
3 Months Avg MDR 0.00% 0.02% 0.02% 0.02%
12 Months Avg MDR
Avg MDR Since Cut-off 0.00% 0.01% 0.01% 0.01%
CDR 0.00% 0.46% 0.68% 0.57%
3 Months Avg CDR 0.00% 0.25% 0.28% 0.26%
12 Months Avg CDR
Avg CDR Since Cut-off 0.00% 0.15% 0.17% 0.16%
SDA 0.00% 4.17% 6.12% 5.16%
3 Months Avg SDA Approximation 0.00% 2.81% 3.10% 2.88%
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation 0.00% 2.15% 2.35% 2.19%
Loss Severity Approximation for Current Period 100.00% 72.55% 81.00%
3 Months Avg Loss Severity Approximation 100.00% 86.28% 90.50%
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off 100.00% 86.28% 90.50%
- --------------------------------------------------------------------------------------------------------
</TABLE>
CDR BY GROUPS TOTAL CDR
[GRAPH] [BRAPH]
SDA BY GROUPS TOTAL SDA
[GRAPH] [BRAPH]
-C- COPYRIGHT 2000 Deutsche Bank
Page 24 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR APRIL 17, 2000 DISTRIBUTION
- --------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
- --------------------------------------------------------------------------------
- --.-- Fixed ___ Adjustable 2
- --/ /-- Adjustable 1 ---
CDR AVG SINCE CUT-OFF BY GROUPS TOTAL CDR AVG SINCE CUT-OFF
[GRAPH] [BRAPH]
SDA AVG SINCE CUT-OFF BY GROUPS TOTAL SDA AVG SINCE CUT-OFF
[GRAPH] [BRAPH]
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
- --------------------------------------------------------------------------------
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/
(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS LESS THAN 61,MIN(30,WAS)
*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m):
[(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m):
1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m LESS THAN 61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN
(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the
period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum
(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month:
Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized
gains and additional realized losses and gains from prior periods. Dates
correspond to distribution dates.
- --------------------------------------------------------------------------------
-C- COPYRIGHT 2000 Deutsche Bank
Page 25 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS DETAIL REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
REALIZED LOSS DETAIL REPORT - LOANS LIQUIDATED DURING CURRENT DISTRIBUTION
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMARY LOAN GROUP
- ---------------------------------------------------- -----------------------------------------------------------
<S> <C>
Total Loan Count = 5 Loan Group 1 = Fixed Group
Total Original Principal Balance = 188,000.00 Loan Group 2 = Adjustable 1 Group
Total Prior Principal Balance = 187,958.30 Loan Group 3 = Adjustable 2 Group
Total Realized Loss Amount = 152,247.29 Loan Group 3 = Adjustable 2 Group
Total Net Liquidation Proceeds = 35,711.01
- ---------------------------------------------------- -----------------------------------------------------------
</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>
9510311 1 35,750.00 35,739.09 - 14.790% FL - 65.00% 360 Jul-07-99
9513604 1 23,000.00 23,000.00 - 12.490% NY - 62.16% 360 Sep-08-99
9537945 1 FLC 71,400.00 71,372.59 - 10.660% GA - 85.00% 360 Jul-30-99
9522468 2 20,475.00 20,471.62 - 14.420% KS - 65.00% 360 Jul-30-99
9529276 2 37,375.00 37,375.00 - 14.520% MD - 65.00% 360 Sep-01-99
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 26 of 27
<PAGE>
[LOGO]
Statement to Certificateholders
AAMES 1999-2
MORTGAGE PASS-THROUGH CERTIFICATES
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS
REPORT FOR APRIL 17, 2000 DISTRIBUTION
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT
- ----------------------------------------------------------------------------------------------------------------------------------
TRIGGER EVENTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Step Down Cumulative Loss Test No No No No
Step Down Rolling Delinquency Test Yes Yes Yes Yes
Step Down Rolling Loss Test Yes Yes Yes Yes
Step Down Tigger No No No No
Step Up Cumulative Loss Test No No No No
Step Up Rolling Delinquency Test No No No No
Step Up Rolling Loss Test No No No No
Step Up Tigger No No No No
Step Up Spread Squeeze Test No No No No
Spread Squeeze Condition No No No No
- ----------------------------------------------------------------------------------------------------------------------------------
ADJUSTABLE RATE CERTIFICATE INFORMATION ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------------
SPACE INTENTIONALLY LEFT BLANK
- ----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL INFORMATION ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
- ----------------------------------------------------------------------------------------------------------------------------------
Supplemental Interest Amounts 0.00 0.00 0.00 0.00
Supplemental Interest Amounts Unpaid 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-C- COPYRIGHT 2000 Deutsche Bank
Page 27 of 27
