<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
Contents
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S><C>
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 17
8. Prepayment Report 18
9. Prepayment Detail Report 21
10. Realized Loss Report 22
11. Realized Loss Detail Report 25
12. Triggers, Adj. Rate Cert. and Miscellaneous Report 26
---------
Total Number of Pages 26
-------------------------------------------------------------------------------------------------
CONTACTS
-------------------------------------------------------------------------------------------------
Administrator: Joyce B Santiago
Direct Phone Number: (714)247-6318
Address: Deutsche Bank
1761 E. St. Andrew Place, Santa Ana, CA 92705
Web Site: http://www-apps.gis.deutsche-bank.com/invr
Factor Information: (800) 735-7777
Main Phone Number: (714) 247-6000
-------------------------------------------------------------------------------------------------
ISSUANCE INFORMATION
------------------------------------------------------------------------------------------------------------------------------------
Seller: Aames Capital Corporation Cut-Off Date: September 1, 2000
Certificate Insurer: Financial Security Assurance Inc. Closing Date: September 21, 2000
Servicer(s): Countrywide Home Loans, Inc. Master Servicer First Payment Date: October 25, 2000
Underwriter(s): Greenwich Capital Markets, Inc. Underwriter Distribution Date: December 26, 2000
Lehman Brothers Securities Corporation Underwriter Record Date: December 22, 2000
Morgan Stanley Dean Witter Underwriter November 30, 2000
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 1 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 2000-1
CERTIFICATE PAYMENT REPORT FOR DECEMBER 26, 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>
LT-A1F 6,266.40 5,950.14 50.13 178.17 228.30 -
LT-A2F 3,150.00 3,150.00 26.54 - 26.54 -
LT-A3F 3,000.00 3,000.00 24.43 - 24.43 -
LT-A4F 4,250.00 4,250.00 35.81 - 35.81 -
LT-A5F 2,821.60 2,821.60 23.77 - 23.77 -
------------------------------------------------------------------------------------------------------------------------------------
LT-A6F 1,400.00 1,400.00 11.80 - 11.80 -
LT-MF 208,860,684.38 206,539,733.54 1,740,034.49 1,361,034.72 3,101,069.21 -
LT-AV1 12,367.66 12,205.80 99.73 172.43 272.16 -
LT-MV1 125,547,895.79 124,398,937.53 1,016,358.73 1,382,887.14 2,399,245.87 -
LT-AV2 12,367.66 12,163.96 97.44 155.07 252.51 -
------------------------------------------------------------------------------------------------------------------------------------
LT-MV2 125,547,660.76 123,939,402.85 992,822.46 1,231,495.77 2,224,318.23 0.00
P 100.00 100.00 71,635.45 - 71,635.45 -
R-I - - - - - -
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Total 460,001,964.25 454,923,115.42 3,821,220.77 3,975,923.30 7,797,144.07 0.00
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------
Current
Deferred Principal
Class Interest Balance
---------------------------------------------
(6) (7)=(1)-(3)-(5)+(6)
---------------------------------------------
<S> <C> <C>
LT-A1F - 5,771.97
LT-A2F - 3,150.00
LT-A3F - 3,000.00
LT-A4F - 4,250.00
LT-A5F - 2,821.60
---------------------------------------------
LT-A6F - 1,400.00
LT-MF 42.05 205,178,740.87
LT-AV1 - 12,033.37
LT-MV1 34.12 123,016,084.51
LT-AV2 - 12,008.89
---------------------------------------------
LT-MV2 31.90 122,707,938.98
P - 100.00
R-I - -
---------------------------------------------
---------------------------------------------
Total 108.08 450,947,300.19
---------------------------------------------
</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-A1F F-30/360 6,266.40 949.530831 7.999809 28.432593
LT-A2F F-30/360 3,150.00 1,000.000000 8.425397 -
LT-A3F F-30/360 3,000.00 1,000.000000 8.143333 -
LT-A4F F-30/360 4,250.00 1,000.000000 8.425882 -
LT-A5F F-30/360 2,821.60 1,000.000000 8.424298 -
------------------------------------------------------------------------------------------------------------------------------------
LT-A6F F-30/360 1,400.00 1,000.000000 8.428571 -
LT-MF F-30/360 208,860.684.38 988.887565 8.331077 6.516472
LT-AV1 11/27/00 12/25/00 A-Act/360 12,367.66 986.912642 8.063773 13.942007
LT-MV1 11/27/00 12/25/00 A-Act/360 125,547,895.79 990.848447 8.095386 11.014817
LT-AV2 11/27/00 12/25/00 A-Act/360 12,367.66 983.529625 7.878612 12.538346
------------------------------------------------------------------------------------------------------------------------------------
LT-MV2 11/27/00 12/25/00 A-Act/360 125,547,660.76 987.190061 7.907933 9.808990
P A- 100.00 1,000.000000 716,354.500000 -
R-I - - - - -
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------
Current
Total Principal
Class Distribution Balance
-------------------------------------------------
(4)=(2)+(3) (5)
-------------------------------------------------
<S> <C> <C>
LT-A1F 36.432401 921.098238
LT-A2F 8.425397 1,000.000000
LT-A3F 8.143333 1,000.000000
LT-A4F 8.425882 1,000.000000
LT-A5F 8.424298 1,000.000000
-------------------------------------------------
LT-A6F 8.428571 1,000.000000
LT-MF 14.847549 982.371294
LT-AV1 22.005780 972.970635
LT-MV1 19.110204 979.833901
LT-AV2 20.416958 970.991279
-------------------------------------------------
LT-MV2 17.716923 977.381325
P 716,354.500000 1,000.000000
R-I - -
-------------------------------------------------
</TABLE>
Page 2 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC I SERIES 2000-1
CERTIFICATE PAYMENT REPORT FOR DECEMBER 26, 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-A1F 6,266.40 154.67 450.75 43.67 494.42 649.09 0.01
LT-A2F 3,150.00 79.63 - - - 79.63 -
LT-A3F 3,000.00 80.89 - - - 80.89 -
LT-A4F 4,250.00 107.44 - - - 107.44 -
LT-A5F 2,821.60 71.33 - - - 71.33 -
LT-A6F 1,400.00 35.40 - - - 35.40 -
LT-MF 208,860,684.38 5,252,852.78 3,245,255.80 436,813.90 3,682,069.70 8,934,922.48 (0.01)
LT-AV1 12,367.66 301.10 319.18 15.11 334.29 635.39 -
LT-MV1 125,547,895.79 3,062,330.61 2,380,735.01 151,156.34 2,531,891.35 5,594,221.96 1.00
LT-AV2 12,367.66 295.16 344.32 14.45 358.77 653.93 -
LT-MV2 125,547,660.76 3,001,538.71 2,695,315.93 144,480.60 2,839,796.53 5,841,335.24 0.00
P 100.00 168,108.91 - - - 168,108.91 -
R-I - - - - - - -
------------------------------------------------------------------------------------------------------------------------------------
Total 460,001,964.25 11,485,956.63 8,322,420.99 732,524.07 9,054,945.06 20,540,901.69 1.00
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------
Current
Deferred Principal
Class Interest Balance
-----------------------------------------------
(8) (9)=(1)-(5)-(7)+(8)
-----------------------------------------------
<S> <C> <C>
LT-A1F - 5,771.97
LT-A2F - 3,150.00
LT-A3F - 3,000.00
LT-A4F - 4,250.00
LT-A5F - 2,821.60
LT-A6F - 1,400.00
LT-MF 126.18 205,178,740.87
LT-AV1 - 12,033.37
LT-MV1 81.08 123,016,084.51
LT-AV2 - 12,008.89
LT-MV2 74.75 122,707,938.98
P - 100.00
R-I - -
-----------------------------------------------
Total 282.01 450,947,300.19
-----------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST DETAIL
--------------------------------------------------------------------------------------------------------------------
Pass- Prior Principal Non- Prior Unscheduled
Through (with Notional) Accrued Supported Unpaid Interest
Class Rate Balance Interest Interest SF Interest Adjustments
--------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
LT-A1F 10.10237% 5,950.14 50.13 - - -
LT-A2F 10.10237% 3,150.00 26.54 - - -
LT-A3F 10.10237% 3,000.00 24.43 - - -
LT-A4F 10.10237% 4,250.00 35.81 - - -
LT-A5F 10.10237% 2,821.60 23.77 - - -
--------------------------------------------------------------------------------------------------------------------
LT-A6F 10.10237% 1,400.00 11.80 - - -
LT-MF 10.10237% 206,539,733.54 1,740,076.54 - - -
LT-AV1 9.79702% 12,205.80 99.73 - - -
LT-MV1 9.79702% 124,398,937.53 1,016,392.85 - - -
LT-AV2 9.81241% 12,163.96 97.44 - - -
--------------------------------------------------------------------------------------------------------------------
LT-MV2 9.81241% 123,939,402.85 992,854.36 - - -
P 100.00 - - - -
R-I - - - - -
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
Total 454,923,115.42 3,749,693.40 - - -
--------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------
Paid or Current
Optimal Deferred Unpaid
Class Interest Interest Interest
-------------------------------------------------------------------
(5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
-------------------------------------------------------------------
<S> <C> <C> <C>
LT-A1F 50.13 50.13 -
LT-A2F 26.54 26.54 -
LT-A3F 24.43 24.43 -
LT-A4F 35.81 35.81 -
LT-A5F 23.77 23.77 -
-------------------------------------------------------------------
LT-A6F 11.80 11.80 -
LT-MF 1,740,076.54 1,740,076.54 -
LT-AV1 99.73 99.73 -
LT-MV1 1,016,392.85 1,016,392.85 -
LT-AV2 97.44 97.44 -
-------------------------------------------------------------------
LT-MV2 992,854.36 992,854.36 -
P - 71,635.45 -
R-I - - -
-------------------------------------------------------------------
-------------------------------------------------------------------
Total 3,749,693.40 3,821,328.85 -
-------------------------------------------------------------------
</TABLE>
Page 3 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 2000-1
CERTIFICATE PAYMENT REPORT FOR DECEMBER 26, 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>
A-1F 62,664,000.00 59,501,385.51 381,304.71 1,781,662.54 2,162,967.25 -
A-2F 31,500,000.00 31,500,000.00 196,350.00 - 196,350.00 -
A-3F 30,000,000.00 30,000,000.00 188,500.00 - 188,500.00 -
A-4F 42,500,000.00 42,500,000.00 274,833.33 - 274,833.33 -
A-5F 28,216,000.00 28,216,000.00 189,752.60 - 189,752.60 -
------------------------------------------------------------------------------------------------------------------------------------
A-6F 14,000,000.00 14,000,000.00 89,016.67 - 89,016.67 -
A-V1 123,676,600.00 122,057,976.17 675,243.37 1,724,274.65 2,399,518.02 -
A-V2 123,676,600.00 121,639,639.57 673,908.94 1,550,661.79 2,224,570.73 -
C 3,768,563.25 5,508,014.18 - - - -
R-II - - - - - -
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Total 460,001,763.25 454,923,015.43 2,668,909.62 5,056,598.98 7,725,508.60 -
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------
Current
Deferred Principal
Class Interest Balance
------------------------------------------------
(6) (7)=(1)-(3)-(5)+(6)
------------------------------------------------
<S> <C> <C>
A-1F - 57,719,722.97
A-2F - 31,500,000.00
A-3F - 30,000,000.00
A-4F - 42,500,000.00
A-5F - 28,216,000.00
------------------------------------------------
A-6F - 14,000,000.00
A-V1 - 120,333,701.52
A-V2 - 120,088,977.78
C 1,080,783.77 6,588,797.95
R-II - -
------------------------------------------------
------------------------------------------------
------------------------------------------------
Total 1,080,783.77 450,947,200.22
------------------------------------------------
</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>
A-1F F-30/360 00253CFU6 62,664,000.00 949.530600 6.084909 28.431995
A-2F F-30/360 00253CFV4 31,500,000.00 1,000.000000 6.233333 -
A-3F F-30/360 00253CFW2 30,000,000.00 1,000.000000 6.283333 -
A-4F F-30/360 00253CFX0 42,500,000.00 1,000.000000 6.466667 -
A-5F F-30/360 00253CFY8 28,216,000.00 1,000.000000 6.725000 -
------------------------------------------------------------------------------------------------------------------------------------
A-6F F-30/360 00253CFZ5 14,000,000.00 1,000.000000 6.358334 -
A-V1 11/27/00 12/25/00 A-Act/360 00253CGA9 123,676,600.00 986.912449 5.459750 13.941802
A-V2 11/27/00 12/25/00 A-Act/360 00253CGB7 123,676,600.00 983.529945 5.448961 12.538037
C - 3,768,563.25 1,461.568724 - -
R-II - - - - -
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------
Current
Total Principal
Class Distribution Balance
-------------------------------------------------
(4)=(2)+(3) (5)
-------------------------------------------------
<S> <C> <C>
A-1F 34.516904 921.098605
A-2F 6.233333 1,000.000000
A-3F 6.283333 1,000.000000
A-4F 6.466667 1,000.000000
A-5F 6.725000 1,000.000000
-------------------------------------------------
A-6F 6.358334 1,000.000000
A-V1 19.401552 972.970647
A-V2 17.986998 970.991908
C - 1,748.358065
R-II - -
-------------------------------------------------
-------------------------------------------------
-------------------------------------------------
</TABLE>
Page 4 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REMIC II SERIES 2000-1
CERTIFICATE PAYMENT REPORT FOR DECEMBER 26, 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>
A-1F 62,664,000.00 1,176,311.40 4,507,545.63 436,731.39 4,944,277.02 6,120,588.42 -
A-2F 31,500,000.00 589,050.00 - - - 589,050.00 -
A-3F 30,000,000.00 565,500.00 - - - 565,500.00 -
A-4F 42,500,000.00 824,499.99 - - - 824,499.99 -
A-5F 28,216,000.00 569,257.80 - - - 569,257.80 -
A-6F 14,000,000.00 267,050.01 - - - 267,050.01 -
A-V1 123,676,600.00 2,251,958.87 3,191,808.12 151,090.37 3,342,898.49 5,594,857.36 -
A-V2 123,676,600.00 2,254,366.94 3,443,201.94 144,420.29 3,587,622.23 5,841,989.17 -
C 3,768,563.25 - - - - - -
R-II - - - - - - -
------------------------------------------------------------------------------------------------------------------------------------
Total 460,001,763.25 8,497,995.01 11,142,555.69 732,242.05 11,874,797.74 20,372,792.75 -
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------
Current
Deferred Principal
Class Interest Balance
-------------------------------------------------
(8) (9)=(1)-(5)-(7)+(8)
-------------------------------------------------
<S> <C> <C>
A-1F - 57,719,722.97
A-2F - 31,500,000.00
A-3F - 30,000,000.00
A-4F - 42,500,000.00
A-5F - 28,216,000.00
A-6F - 14,000,000.00
A-V1 - 120,333,701.52
A-V2 - 120,088,977.78
C 2,820,234.71 6,588,797.95
R-II - -
-------------------------------------------------
Total 2,820,234.71 450,947,200.22
-------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST DETAIL
---------------------------------------------------------------------------------------------------------------------
Pass- Prior Principal Non- Prior Unscheduled
Through (with Notional) Accrued Supported Unpaid Interest
Class Rate Balance Interest Interest SF Interest Adjustments
---------------------------------------------------------------------------------------------------------------------
(1) (2) (3) (4)
---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1F 7.69000% 59,501,385.51 381,304.71 - - -
A-2F 7.48000% 31,500,000.00 196,350.00 - - -
A-3F 7.54000% 30,000,000.00 188,500.00 - - -
A-4F 7.76000% 42,500,000.00 274,833.33 - - -
A-5F 8.07000% 28,216,000.00 189,752.60 - - -
---------------------------------------------------------------------------------------------------------------------
A-6F 7.63000% 14,000,000.00 89,016.67 - - -
A-V1 6.86750% 122,057,976.17 675,243.37 - - -
A-V2 6.87750% 121,639,639.57 673,908.94 - - -
C 5,508,014.18 - - - -
R-II - - - - -
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Total 454,923,015.43 2,668,909.62 - - -
---------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------
Paid or Current
Optimal Deferred Unpaid
Class Interest Interest Interest
-----------------------------------------------------------------
(5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
-----------------------------------------------------------------
<S> <C> <C> <C>
A-1F 381,304.71 381,304.71 -
A-2F 196,350.00 196,350.00 -
A-3F 188,500.00 188,500.00 -
A-4F 274,833.33 274,833.33 -
A-5F 189,752.60 189,752.60 -
-----------------------------------------------------------------
A-6F 89,016.67 89,016.67 -
A-V1 675,243.37 675,243.37 -
A-V2 673,908.94 673,908.94 -
C - 1,080,783.77 -
R-II - - -
-----------------------------------------------------------------
-----------------------------------------------------------------
-----------------------------------------------------------------
Total 2,668,909.62 3,749,693.39 -
-----------------------------------------------------------------
</TABLE>
Page 5 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SUMMARY ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Principal Collections 1,231,618.93 1,383,025.44 1,361,170.84 3,975,815.21
Principal Withdrawals 0.00 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00 0.00
TOTAL NET PRINCIPAL 1,231,618.93 1,383,025.44 1,361,170.84 3,975,815.21
Interest Collections 1,075,485.11 1,109,165.28 1,831,944.20 4,016,594.58
Interest Withdrawals 0.00 0.00 0.00 0.00
Interest Other Accounts 0.00 0.00 0.00 0.00
Interest Fees (59,615.75) (66,842.58) (68,807.41) (195,265.74)
TOTAL NET INTEREST 1,015,869.35 1,042,322.70 1,763,136.79 3,821,328.84
TOTAL AVAILABLE FUNDS TO BONDHOLDERS 2,247,488.28 2,425,348.14 3,124,307.63 7,797,144.05
Capitalized Interest 0.00 0.00 0.00 0.00
TOTAL REMITANCE DUE FROM SERVICER 2,300,325.80 2,483,483.72 3,177,650.48 7,961,459.99
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL - COLLECTIONS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Scheduled Principal 52,511.98 50,480.08 157,139.69 260,131.75
Curtailments 8,132.24 12,753.07 34,577.92 55,463.23
Prepayments in Full 1,170,974.71 1,319,792.29 1,169,453.23 3,660,220.23
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 0.00 0.00 0.00
Insurance Principal 0.00 0.00 0.00 0.00
Other Additional Principal 0.00 0.00 0.00 0.00
Delinquent Principal 0.00 0.00 0.00 0.00
Realized Losses 0.00 0.00 0.00 0.00
Mortgage Replacement Amount 0.00 0.00 0.00 0.00
TOTAL PRINCIPAL COLLECTED 1,231,618.93 1,383,025.44 1,361,170.84 3,975,815.21
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PRINCIPAL - WITHDRAWALS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL - OTHER ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Prefunded Release Amount 0.00 0.00 0.00 0.00
TOTAL OTHER ACCOUNTS PRINCIPAL 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST - COLLECTIONS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Scheduled Interest 1,097,435.80 1,126,466.14 1,879,658.65 4,103,560.59
Repurchases/Substitutions 0.00 0.00 0.00 0.00
Liquidations 0.00 0.00 0.00 0.00
Insurance Interest 0.00 0.00 0.00 0.00
Other Additional Interest 0.00 0.00 0.00 0.00
Prepayment Interest Shortfalls (2,995.37) (5,052.31) (3,801.01) (11,848.69)
Delinquent Interest (953,936.71) (940,363.71) (1,551,584.30) (3,445,884.72)
Realized Losses 0.00 0.00 0.00 0.00
Compensating Interest 2,995.37 5,052.31 3,801.01 11,848.69
Other Interest Shortfall (Relief Act) 0.00 0.00 0.00 0.00
Interest Advanced 909,068.46 897,232.73 1,480,982.07 3,287,283.26
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 22,917.56 25,830.12 22,887.78 71,635.45
Gain on Liquidation 0.00 0.00 0.00 0.00
TOTAL INTEREST COLLECTED 1,075,485.11 1,109,165.28 1,831,944.20 4,016,594.58
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 7 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLECTION ACCOUNT REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
COLLECTION ACCOUNT REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
INTEREST - WITHDRAWALS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Unpaid Servicing Fees 0.00 0.00 0.00 0.00
Advances Reimbursed 0.00 0.00 0.00 0.00
TOTAL INTEREST WITHDRAWLS 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST - OTHER ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Capitialized Interest Requirement 0.00 0.00 0.00 0.00
TOTAL OTHER ACCOUNT INTEREST 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INTEREST - FEES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current Servicing Fees 6,778.24 8,707.00 15,464.56 30,949.80
Trustee Fees 774.70 777.57 1,291.00 2,843.27
PMI 28,748.55 33,963.56 12,622.68 75,334.79
TOTAL INTEREST OTHER FEES 59,615.75 66,842.58 68,807.41 195,265.74
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 8 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
CREDIT ENHANCEMENT REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
CREDIT ENHANCEMENT REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
ACCOUNTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
INSURANCE ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Insurance Premium Due 23,314.26 23,394.45 39,429.17 86,137.88
Insurance Premium Paid 23,314.26 23,394.45 39,429.17 86,137.88
Reimbursements to Certificate Insurer 0.00 0.00 0.00 0.00
Insured Payments Made By Certiifcate Insurer 0.00 0.00 0.00 0.00
Insurance Premiums Due but not Paid 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
STRUCTURAL FEATURES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Extra Principal Distribution Amt 319,042.86 341,249.21 420,491.70 1,080,783.77
Overcollateralization Amount 2,630,970.10 2,694,416.37 1,263,411.47 6,588,797.94
Targeted Overcollateralization Amt 5,964,101.35 5,964,112.47 6,266,447.17 18,194,660.99
Overcollateralization Release Amount 0.00 0.00 0.00 0.00
Overcollateralization Defficiency Amt 3,971,216.97 3,269,696.10 5,003,035.70 12,243,948.76
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 9 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
COLLATERAL REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
COLLATERAL ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Loan Count:
ORIGINAL 1129 1343 2965 5437
Prior 1,111 1,334 2,929 5,374
Prefunding - - - -
Scheduled Paid Offs - - - -
Full Voluntary Prepayments (9) (12) (15) (36)
Repurchases - - - -
Liquidations - - - -
------------------------------------------------------------------------------------------------------------------------
Current 1,102 1,322 2,914 5,338
PRINCIPAL BALANCE:
Original 125,560,028.42 125,560,262.45 208,881,572.38 460,001,863.25
Prior 123,951,566.81 124,411,143.33 206,560,305.28 454,923,015.42
Prefunding - - - -
Scheduled Principal (52,511.98) (50,480.08) (157,139.69) (260,131.75)
Partial and Full Voluntary Prepayments (1,179,106.95) (1,332,545.36) (1,204,031.15) (3,715,683.46)
Repurchases - - - -
------------------------------------------------------------------------------------------------------------------------
Liquidations - - - -
Current 122,719,947.88 123,028,117.89 205,199,134.44 450,947,200.21
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
PREFUNDING ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Prefunding Beginning Balance 0.00 0.00 0.00 0.00
Balance of Subsequent Loans Transfered 0.00 0.00 0.00 0.00
Prefunded Amount Dispursed To Offered
Certificates 0.00 0.00 0.00 0.00
Prefunding Ending Balance 0.00 0.00 0.00 0.00
Capitalized Interest Beginning Balance 0.00 0.00 0.00 0.00
Capitalized Interest Requirement 0.00 0.00 0.00 0.00
Capitalized Interest Released to Seller 0.00 0.00 0.00 0.00
Capitalized Interest Ending Balance 0.00 0.00 0.00 0.00
---------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S><C>
Fixed Adjustable 2
Adjustable 1
CURRENT PRIN BALANCE BY GROUPS (IN MILLIONS OF DOLLARS) TOTAL CURRENT PRINCIPAL BALANCE (IN MILLIONS OF DOLLARS)
[GRAPH] [GRAPH]
</TABLE>
Page 10 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
COLLATERAL REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CHARACTERISTICS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Weighted Average Coupon Original 10.627317% 10.860670% 10.921251% 10.824484%
Weighted Average Coupon Prior 10.628015% 10.862917% 10.923061% 10.826026%
Weighted Average Coupon Current 10.624496% 10.865260% 10.919767% 10.824409%
-------------------------------------------------------------------------------------------------------------------------------
Weighted Average Months to Maturity Original 356 356 325 342
Weighted Average Months to Maturity Prior 355 355 323 340
Weighted Average Months to Maturity Current 354 354 320 339
-------------------------------------------------------------------------------------------------------------------------------
Weighted Avg Remaining Amortization Term Original 355 355 324 341
Weighted Avg Remaining Amortization Term Prior 354 354 323 340
Weighted Avg Remaining Amortization Term Current 354 353 322 339
-------------------------------------------------------------------------------------------------------------------------------
Weighted Average Seasoning Original 2.99 2.99 2.92 2.96
Weighted Average Seasoning Prior 3.98 3.99 3.91 3.95
Weighted Average Seasoning Current 4.98 4.99 4.90 4.95
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
<TABLE>
<S><C>
Fixed Adjustable 2
Adjustable 1
WAC BY GROUPS TOTAL WAC
[GRAPH] [GRAPH]
WARAT BY GROUPS TOTAL WARAT
[GRAPH] [GRAPH]
</TABLE>
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 11 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
COLLATERAL REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
COLLATERAL REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
ARM CHARACTERISTICS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Weighted Average Margin Original 6.029% 6.115%
Weighted Average Margin Prior 6.028% 6.117%
Weighted Average Margin Current 6.025% 6.117%
-------------------------------------------------------------------------------------------------------------------
Weighted Average Max Rate Original
Weighted Average Max Rate Prior 16.642% 16.863%
Weighted Average Max Rate Current 16.638% 16.864%
-------------------------------------------------------------------------------------------------------------------
Weighted Average Min Rate Original 10.627% 10.858%
Weighted Average Min Rate Prior 10.628% 10.860%
Weighted Average Min Rate Current 10.624% 10.860%
-------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Up Original 2.005% 2.001%
Weighted Average Cap Up Prior 2.005% 2.001%
Weighted Average Cap Up Current 2.006% 2.001%
-------------------------------------------------------------------------------------------------------------------
Weighted Average Cap Down Original 2.005% 2.001%
Weighted Average Cap Down Prior 2.005% 2.001%
Weighted Average Cap Down Current 2.006% 2.001%
------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: ORIGINAL INFORMATION REFERS TO DEAL ISSUE.
<TABLE>
<CAPTION>
SERVICING FEES / ADVANCES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current Servicing Fees 6,778.24 8,707.00 15,464.56 30,949.80
Delinquent Servicing Fees 44,868.25 43,130.98 70,602.23 158,601.46
TOTAL SERVICING FEES 51,646.49 51,837.98 86,066.79 189,551.26
Total Servicing Fees 51,646.49 51,837.98 86,066.79 189,551.26
Compensating Interest 2,995.37 5,052.31 3,801.01 11,848.69
Delinquent Servicing Fees (44,868.25) (43,130.98) (70,602.23) (158,601.46)
COLLECTED SERVICING FEES 9,773.61 13,759.31 19,265.57 42,798.49
Prepayment Interest Shortfall 2,995.37 5,052.31 3,801.01 11,848.69
Total Advanced Interest 909,068.46 897,232.73 1,480,982.07 3,287,283.26
------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL COLLATERAL INFORMATION ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 12 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
DELINQUENCY REPORT - TOTAL
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
DELINQUENT Balance 44,998,456.18 21,826,821.61 4,881,934.57 71,707,212.36
% Balance 9.98% 4.84% 1.08% 15.90%
# Loans 596 171 71 838
% # Loans 11.17% 3.20% 1.33% 15.70%
------------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 151,954.35 - - 2,083,465.01 2,235,419.36
% Balance 0.03% 0.00% 0.00% 0.46% 0.50%
# Loans 2 - - 27 29
% # Loans 0.04% 0.00% 0.00% 0.51% 0.54%
------------------------------------------------------------------------------------------------------------------------------------
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 151,954.35 44,998,456.18 21,826,821.61 6,965,399.58 73,942,631.72
% Balance 0.03% 9.98% 4.84% 1.54% 16.40%
# Loans 2 596 171 98 867
% # Loans 0.04% 11.17% 3.20% 1.84% 16.24%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+
PAYMENTS = 90+
6 MONTHS MOVING AVERAGE
<TABLE>
<S><C>
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
</TABLE>
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 13 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
DELINQUENCY REPORT - FIXED GROUP
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 18,369,412.12 5,176,044.96 1,490,179.90 25,035,636.98
% Balance 8.95% 2.52% 0.73% 12.20%
# Loans 286 81 29 396
% # Loans 9.81% 2.78% 1.00% 13.59%
-----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - 1,051,066.79 1,051,066.79
% Balance 0.00% 0.00% 0.00% 0.51% 0.51%
# Loans - - - 15 15
% # Loans 0.00% 0.00% 0.00% 0.51% 0.51%
-----------------------------------------------------------------------------------------------------------------------------------
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 - 18,369,412.12 5,176,044.96 2,541,246.69 26,086,703.77
% Balance 0.00% 8.95% 2.52% 1.24% 12.71%
# Loans - 286 81 44 411
% # Loans 0.00% 9.81% 2.78% 1.51% 14.10%
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+
PAYMENTS = 90+
6 MONTHS MOVING AVERAGE
<TABLE>
<S><C>
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
</TABLE>
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 14 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE 1 GROUP
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
DELINQUENT Balance 14,210,320.39 4,232,052.98 1,644,668.34 20,087,041.71
% Balance 11.55% 3.44% 1.34% 16.33%
# Loans 172 50 22 244
% # Loans 13.01% 3.78% 1.66% 18.46%
------------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance 151,954.35 - - 426,470.96 578,425.31
% Balance 0.12% 0.00% 0.00% 0.35% 0.47%
# Loans 2 - - 3 5
% # Loans 0.15% 0.00% 0.00% 0.23% 0.38%
------------------------------------------------------------------------------------------------------------------------------------
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 151,954.35 14,210,320.39 4,232,052.98 2,071,139.30 20,665,467.02
% Balance 0.12% 11.55% 3.44% 1.68% 16.80%
# Loans 2 172 50 25 249
% # Loans 0.15% 13.01% 3.78% 1.89% 18.84%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+
PAYMENTS = 90+
6 MONTHS MOVING AVERAGE
<TABLE>
<S><C>
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
</TABLE>
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 15 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
DELINQUENCY REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
DELINQUENCY REPORT - ADJUSTABLE 2 GROUP
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 12,418,723.67 12,418,723.67 1,747,086.33 26,584,533.67
% Balance 10.12% 10.12% 1.42% 21.66%
# Loans 138 40 20 198
% # Loans 12.52% 3.63% 1.81% 17.97%
--------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE Balance - - - 605,927.26 605,927.26
% Balance 0.00% 0.00% 0.00% 0.49% 0.49%
# Loans - - - 9 9
% # Loans 0.00% 0.00% 0.00% 0.82% 0.82%
--------------------------------------------------------------------------------------------------------------------------------
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 - 12,418,723.67 12,418,723.67 2,353,013.59 27,190,460.93
% Balance 0.00% 10.12% 10.12% 1.92% 22.16%
# Loans - 138 40 29 207
% # Loans 0.00% 12.52% 3.63% 2.63% 18.78%
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: CURRENT = 0-29DAYS, 1 PAYMENT =30-59DAYS, 2 PAYMENTS = 60-89DAYS, 3+
PAYMENTS = 90+
6 MONTHS MOVING AVERAGE
<TABLE>
<S><C>
1 OR 2 PAYMENTS DELINQUENT 3 OR MORE PAYMENTS DELINQUENT
[GRAPH] [GRAPH]
TOTAL FORECLOSURE TOTAL BANKRUPTCY AND REO
[GRAPH] [GRAPH]
</TABLE>
NOTE: DATES CORRESPOND TO DISTRIBUTION DATES.
Page 16 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REO REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
REO REPORT - MORTGAGE LOANS THAT BECOME REO DURING CURRENT DISTRIBUTION
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SUMMARY LOAN GROUP
--------------------------------------------------------------------------------------------------------------------------
<S> <C>
Total Loan Count = 0 Loan Group 1 = Fixed Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00 Loan Group 2 = Adjustable 1 Group; REO Book Value = 000.00
Total Current Balance = 000.00 Loan Group 3 = Adjustable 2 Group; REO Book Value = 000.00
REO Book Value = 000.00 Loan Group 3 = Adjustable 2 Group; REO Book Value = 000.00
--------------------------------------------------------------------------------------------------------------------------
</TABLE>
REO Book Value reported corresponds to total REO loans, including loans that
become REO during current distribution.
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Stated Current State &
& Principal Principal Paid to Note LTV at Original Origination
Loan Group Balance Balance Date Rate Origination Term Date
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 17 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CURRENT
Number of Paid in Full Loans 9 12 15 36
Number of Repurchased Loans - - - -
----------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 9 12 15 36
Paid in Full Balance 1,170,974.71 1,319,792.29 1,169,453.23 3,660,220.23
Repurchased Loans Balance - - - -
Curtailments Amount 8,132.24 12,753.07 34,577.92 55,463.23
----------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 1,179,106.95 1,332,545.36 1,204,031.15 3,715,683.46
CUMULATIVE
Number of Paid in Full Loans 27 21 51 99
Number of Repurchased Loans - - - -
----------------------------------------------------------------------------------------------------------------------
Total Number of Loans Prepaid in Full 27 21 51 99
Paid in Full Balance 2,687,528.01 2,368,301.12 3,211,128.63 8,266,957.76
Repurchased Loans Balance - - - -
Curtailments Amount 8,132.24 12,753.07 34,577.92 55,463.23
----------------------------------------------------------------------------------------------------------------------
Total Prepayment Amount 2,695,660.25 2,381,054.19 3,245,706.55 8,322,420.99
SPACE INTENTIONALLY LEFT BLANK
---------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S><C>
TOTAL PREPAYMENTS BY GROUPS (IN THOUSANDS OF DOLLARS) TOTAL PREPAYMENTS (IN THOUSANDS OF DOLLARS)
[GRAPH] [GRAPH]
</TABLE>
Page 18 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SMM 0.95% 1.07% 0.58% 0.82%
3 Months Avg SMM 0.72% 0.64% 0.52% 0.61%
12 Months Avg SMM
Avg SMM Since Cut-off 0.72% 0.64% 0.52% 0.61%
CPR 10.84% 12.13% 6.78% 9.38%
3 Months Avg CPR 8.32% 7.38% 6.08% 7.05%
12 Months Avg CPR
Avg CPR Since Cut-off 8.32% 7.38% 6.08% 7.05%
PSA 1088.28% 1216.03% 691.22% 947.75%
3 Months Avg PSA Approximation 1044.20% 924.81% 776.96% 891.72%
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 1044.20% 924.81% 776.96% 891.72%
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Fixed Adjustable 2
Adjustable 1
<TABLE>
<S><C>
CPR BY GROUPS TOTAL CPR
[GRAPH] [GRAPH]
PSA BY GROUPS TOTAL PSA
[GRAPH] [GRAPH]
</TABLE>
Page 19 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
PREPAYMENT REPORT - VOLUNTARY PREPAYMENTS
--------------------------------------------------------------------------------
Fixed Adjustable 2
Adjustable 1
<TABLE>
<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]
</TABLE>
<TABLE>
<S><C>
PREPAYMENT CALCULATION METHODOLOGY
----------------------------------------------------------------------------------------------------------------------------------
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched
Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)]^(1/months in
period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and
repurchases. Dates correspond to distribution dates.
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 20 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
PREPAYMENT DETAIL REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
PREPAYMENT DETAIL REPORT - LOANS PREPAID IN FULL DURING CURRENT DISTRIBUTION
--------------------------------------------------------------------------------
<TABLE>
<S><C>
SUMMARY LOAN GROUP
------------------------------------------------------------------------ ------------------------------------------
Total Loan Count = 36 Loan Group 1 = Fixed Group
Total Original Principal Balance = 3,667,200.00 Loan Group 2 = Adjustable 1 Group
Total Prepayment Amount = 3,660,220.23 Loan Group 3 = Adjustable 2 Group
Loan Group 3 = Adjustable 2 Group
------------------------------------------------------------------------ ------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Current State &
& Loan Principal Prepayment Prepayment Note LTV at
Loan Group Status Balance Amount Date Rate Origination
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
2089563 1 453,750.00 452,822.33 Nov-20-00 11.500% NY - 75.00%
2089790 1 40,500.00 40,460.80 Nov-10-00 11.500% NY - 44.50%
2091146 1 25,000.00 24,728.49 Nov-24-00 12.250% CA - 16.00%
2091390 1 23,000.00 22,801.81 Nov-22-00 11.775% CO - 29.00%
2092054 1 90,000.00 89,917.53 Nov-20-00 11.750% NJ - 74.00%
2092334 1 29,000.00 28,933.51 Nov-24-00 14.125% NY - 85.00%
2092546 1 27,500.00 27,387.15 Nov-24-00 11.790% MO - 53.00%
2094172 1 51,000.00 50,958.32 Nov-16-00 10.500% OH - 79.00%
2094986 1 29,500.00 29,494.87 Nov-17-00 14.196% OH - 59.00%
2098481 1 35,000.00 34,291.04 Nov-20-00 10.750% MI - 55.60%
2099255 1 76,000.00 75,881.63 Nov-10-00 10.655% MD - 80.00%
2104012 1 58,400.00 58,282.27 Nov-16-00 9.500% CA - 76.90%
2104508 1 114,200.00 114,051.19 Nov-30-00 10.125% NV - 76.20%
2104884 1 62,500.00 62,478.90 Nov-27-00 11.250% IL - 63.20%
2104935 1 57,000.00 56,963.39 Nov-29-00 11.500% CA - 37.30%
2090227 2 204,350.00 204,128.92 Nov-22-00 10.990% CA - 67.00%
2093821 2 44,000.00 43,968.46 Nov-10-00 11.000% MO - 61.00%
2094236 2 98,300.00 98,271.10 Nov-29-00 14.953% NV - 64.00%
2094258 2 70,000.00 69,951.19 Nov-20-00 11.125% FL - 85.00%
2098650 2 148,500.00 148,322.63 Nov-10-00 11.875% IL - 75.00%
2098747 2 90,900.00 90,817.86 Nov-22-00 13.125% CT - 90.00%
2098944 2 69,000.00 68,839.48 Nov-13-00 8.750% CA - 41.60%
2099168 2 162,000.00 161,817.70 Nov-10-00 8.875% CA - 69.00%
2099695 2 99,900.00 99,735.86 Nov-15-00 10.625% MN - 90.00%
2099929 2 96,250.00 96,113.93 Nov-10-00 11.105% IL - 55.00%
2103080 2 49,950.00 49,915.22 Nov-16-00 11.130% NE - 90.00%
2107023 2 188,000.00 187,909.94 Nov-29-00 9.625% CA - 80.00%
2097368 3 70,700.00 70,682.89 Nov-20-00 12.750% MI - 70.00%
2098767 3 232,500.00 232,163.05 Nov-16-00 10.990% CA - 75.00%
2100555 3 195,000.00 193,225.27 Nov-16-00 10.780% NM - 62.90%
2101926 3 154,000.00 153,928.41 Nov-29-00 14.750% IL - 59.30%
2102188 3 36,400.00 36,400.00 Nov-24-00 15.700% SC - 65.00%
2102690 3 39,000.00 38,976.98 Nov-20-00 11.950% MO - 65.00%
2102805 3 317,900.00 317,483.62 Nov-28-00 8.250% CA - 85.00%
2103176 3 78,200.00 78,140.22 Nov-28-00 10.700% IL - 85.00%
2105607 3 50,000.00 49,974.27 Nov-24-00 12.500% TN - 66.70%
---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------
Loan Number Type Prepayment
& & Origination
Loan Group Original Term Date
------------------------------------------------------------
<S> <C> <C>
2089563 1 Paid Off - 360 Mar-13-00
2089790 1 Paid Off - 360 Jun-12-00
2091146 1 Paid Off - 180 Jun-16-00
2091390 1 Paid Off - 180 May-26-00
2092054 1 Paid Off - 360 Jun-05-00
2092334 1 Paid Off - 240 Jun-21-00
2092546 1 Paid Off - 180 Jun-23-00
2094172 1 Paid Off - 360 Jul-24-00
2094986 1 Paid Off - 360 Aug-04-00
2098481 1 Paid Off - 180 Mar-30-00
2099255 1 Paid Off - 360 May-17-00
2104012 1 Paid Off - 360 May-31-00
2104508 1 Paid Off - 360 Jun-30-00
2104884 1 Paid Off - 360 Aug-21-00
2104935 1 Paid Off - 360 Jul-26-00
2090227 2 Paid Off - 360 May-23-00
2093821 2 Paid Off - 360 Jul-19-00
2094236 2 Paid Off - 360 Jul-27-00
2094258 2 Paid Off - 360 Jul-25-00
2098650 2 Paid Off - 360 Apr-12-00
2098747 2 Paid Off - 360 Apr-28-00
2098944 2 Paid Off - 360 May-18-00
2099168 2 Paid Off - 360 May-17-00
2099695 2 Paid Off - 360 May-24-00
2099929 2 Paid Off - 360 May-30-00
2103080 2 Paid Off - 360 Jul-21-00
2107023 2 Paid Off - 360 Aug-16-00
2097368 3 Paid Off - 360 Aug-22-00
2098767 3 Paid Off - 360 May-01-00
2100555 3 Paid Off - 180 Jun-07-00
2101926 3 Paid Off - 360 Jun-30-00
2102188 3 Paid Off - 360 Jul-05-00
2102690 3 Paid Off - 360 Jul-12-00
2102805 3 Paid Off - 360 Jul-13-00
2103176 3 Paid Off - 360 Jul-19-00
2105607 3 Paid Off - 360 Jul-31-00
------------------------------------------------------------
</TABLE>
Page 21 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
COLLATERAL REALIZED LOSSES ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CURRENT
Number of Loans Liquidated - - - -
Collateral Realized Loss/(Gain) Amount - - - -
Net Liquidation Proceeds - - - -
CUMULATIVE
Number of Loans Liquidated - - - -
Collateral Realized Loss/(Gain) Amount - - - -
Net Liquidation Proceeds - - - -
Note: Collateral realized losses may include adjustments
to loans liquidated in prior periods.
Loss Percentage 0.0000% 0.0000% 0.0000% 0.0000%
Annualized Loss Percentage 0.0000% 0.0000% 0.0000% 0.0000%
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Fixed Adjustable 2 3 Months Moving Average
Adjustable 1
<TABLE>
<S><C>
COLLATERAL LOSS SEVERITY APPROXIMATION BY GROUPS COLLATERAL LOSS SEVERITY APPROXIMATION
[GRAPH] [GRAPH]
</TABLE>
Page 22 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
DEFAULT SPEEDS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MDR 0.00% 0.00% 0.00% 0.00%
3 Months Avg MDR 0.00% 0.00% 0.00% 0.00%
12 Months Avg MDR
Avg MDR Since Cut-off 0.00% 0.00% 0.00% 0.00%
CDR 0.00% 0.00% 0.00% 0.00%
3 Months Avg CDR 0.00% 0.00% 0.00% 0.00%
12 Months Avg CDR
Avg CDR Since Cut-off 0.00% 0.00% 0.00% 0.00%
SDA 0.00% 0.00% 0.00% 0.00%
3 Months Avg SDA Approximation 0.00% 0.00% 0.00% 0.00%
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation 0.00% 0.00% 0.00% 0.00%
Loss Severity Approximation for Current Period
3 Months Avg Loss Severity Approximation
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Fixed Adjustable 2
Adjustable 1
<TABLE>
<S><C>
CDR BY GROUPS TOTAL CDR
[GRAPH] [GRAPH]
SDA BY GROUPS TOTAL SDA
[GRAPH] [GRAPH]
</TABLE>
Page 23 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
REALIZED LOSS REPORT - COLLATERAL
--------------------------------------------------------------------------------
Fixed Adjustable 2
Adjustable 1
<TABLE>
<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]
</TABLE>
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.
--------------------------------------------------------------------------------
Page 24 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
REALIZED LOSS DETAIL REPORT FOR DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
REALIZED LOSS DETAIL REPORT - LOANS LIQUIDATED DURING CURRENT DISTRIBUTION
--------------------------------------------------------------------------------
<TABLE>
<S><C>
SUMMARY LOAN GROUP
------------------------------------------------------------------------ ----------------------------------------
Total Loan Count = 0 Loan Group 1 = Fixed Group
Total Original Principal Balance = 0.00 Loan Group 2 = Adjustable 1 Group
Total Prior Principal Balance = 0.00 Loan Group 3 = Adjustable 2 Group
Total Realized Loss Amount = 0.00 Loan Group 3 = Adjustable 2 Group
Total Net Liquidation Proceeds = 0.00
------------------------------------------------------------------------ ----------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Loan Number Original Prior Current State &
& Loan Principal Principal Realized Note LTV at Original Origination
Loan Group Status Balance Balance Loss/(Gain) Rate Origination Term Date
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 25 of 26
<PAGE>
AAMES 2000-1
MORTGAGE PASS-THROUGH CERTIFICATES
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT FOR
DECEMBER 26, 2000 DISTRIBUTION
--------------------------------------------------------------------------------
TRIGGERS, ADJ. RATE CERT. AND MISCELLANEOUS REPORT
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
TRIGGER EVENTS ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Step Down Cumulative Loss Test No No No No
Step Down Rolling Delinquency Test Yes Yes Yes Yes
Step Down Rolling Loss Test Yes Yes Yes Yes
Step Down Tigger No No No No
Step Up Cumulative Loss Test No No No No
Step Up Rolling Delinquency Test No No No No
Step Up Rolling Loss Test No No No No
Step Up Tigger No No No No
Step Up Spread Squeeze Test Yes Yes Yes Yes
Spread Squeeze Condition Yes Yes Yes Yes
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ADJUSTABLE RATE CERTIFICATE INFORMATION ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL INFORMATION ADJUSTABLE 2 ADJUSTABLE 1 FIXED TOTAL
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Supplamental Interest Amounts 0.00 0.00 0.00 0.00
Supplamental Interest Amounts Unpaid 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 26 of 26
