January 2004 ARM Loans

EX-99 3 jan04arm.htm EXHIBIT 99.1 January 2004 ARM Loans

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2002-2
ARM Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	50	$5,494,125	2	$320,800	148	$17,969,110	39	$4,258,343	239	$28,042,378
LTV/WAC	77.43%	9.84%	87.63%	8.66%	78.71%	9.01%	75.28%	9.07%	78.04%	9.17%
NON/2-4	7.06%	10.28%	0.00%	0.00%	5.14%	4.90%	5.58%	0.00%	5.52%	5.15%
Low/NIV	2.88%	7.49%	0.00%	0.00%	0.68%	26.07%	0.00%	13.29%	1.00%	20.19%
A/A-	19	$2,465,950	2	$320,800	64	$9,282,585	5	$594,800	90	$12,664,135
B	13	$1,224,575	0	$0	55	$6,330,425	5	$347,300	73	$7,902,300
C	7	$722,300	0	$0	22	$1,927,300	6	$691,868	35	$3,341,468
C-	1	$199,500	0	$0	5	$345,900	15	$1,783,850	21	$2,329,250
D	10	$881,800	0	$0	2	$82,900	8	$840,525	20	$1,805,225
Remaining	30	$3,310,319	0	$0	97	$10,282,865	25	$2,520,603	152	$16,113,787
LTV/WAC	79.51%	9.90%	0.00%	0.00%	79.22%	9.00%	72.50%	9.36%	78.23%	9.24%
A/A-	10	$1,430,742	0	$0	44	$5,369,746	3	$195,666	57	$6,996,153
B	12	$1,141,254	0	$0	35	$3,572,368	2	$102,668	49	$4,816,290
C	3	$243,549	0	$0	14	$1,122,294	4	$480,435	21	$1,846,278
C-	0	$0	0	$0	4	$218,457	11	$1,283,692	15	$1,502,149
D	5	$494,775	0	$0	0	$0	5	$458,143	10	$952,917
Paid Off	39.07%	$2,146,810	100.00%	$320,800	42.13%	$7,570,325	40.17%	$1,710,750	41.90%	$11,748,685
Status
CURRENT	20	$2,198,268	0	$0	74	$8,195,690	17	$1,738,097	111	$12,132,054
30-59	3	$204,562	0	$0	7	$793,501	4	$422,126	14	$1,420,188
60-89	0	$0	0	$0	4	$244,138	0	$0	4	$244,138
90-119	1	$139,344	0	$0	0	$0	2	$245,969	3	$385,313
120-219	2	$422,608	0	$0	3	$213,488	0	$0	5	$636,096
180-269	1	$115,467	0	$0	4	$275,774	0	$0	5	$391,240
270-359	0	$0	0	$0	0	$0	1	$60,899	1	$60,899
360+	2	$75,129	0	$0	0	$0	0	$0	2	$75,129
REO	1	$154,941	0	$0	5	$560,275	1	$53,513	7	$768,729
90+REO	7	$907,489	-	$0	12	$1,049,536	4	$360,381	23	$2,317,407
Loss To Date
% to Original	1.26%	$69,452	0.00%	$0	0.14%	$25,169	0.00%	$0	0.34%	$94,620
Severity	93.87%		0.00%		71.96%		0.00%		86.84%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
B	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
C	9.62%	$69,452	0.00%	$0	0.00%	$0	0.00%	$0	2.08%	$69,452
C-	0.00%	$0	0.00%	$0	7.28%	$25,169	0.00%	$0	1.08%	$25,169
D	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
2-4 Unit	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
NIV	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Non-Owner	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
90+ & REO
A/A-, B , C	18.90%	14.67%	0.00%	0.00%	8.37%	7.93%	0.00%	52.12%	10.29%	10.47%
C- , D, NON	0.00%	56.24%	0.00%	0.00%	28.90%	0.00%	18.57%	0.00%	20.07%	29.20%
2-4, LOW , NIV	15.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.27%	0.00%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2002-1
ARM Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	84	$9,321,571	0	$0	74	$7,267,202	0	$0	158	$16,588,773
LTV/WAC	74.54%	8.97%	0.00%	0.00%	80.31%	9.13%	0.00%	0.00%	77.07%	9.04%
NON/2-4	2.63%	10.91%	0.00%	0.00%	3.03%	13.93%	0.00%	0.00%	2.80%	12.24%
Low/NIV	0.00%	19.71%	0.00%	0.00%	1.04%	19.78%	0.00%	0.00%	0.46%	19.74%
A/A-	34	$4,372,050	0	$0	42	$4,535,841	0	$0	76	$8,907,891
B	32	$3,449,595	0	$0	18	$1,763,851	0	$0	50	$5,213,446
C	8	$579,060	0	$0	8	$670,000	0	$0	16	$1,249,060
C-	0	$0	0	$0	5	$261,960	0	$0	5	$261,960
D	10	$920,866	0	$0	1	$35,550	0	$0	11	$956,416
Remaining	44	$3,407,461	0	$0	55	$4,783,534	0	$0	99	$8,190,995
LTV/WAC	76.89%	9.06%	0.00%	0.00%	79.66%	9.18%	0.00%	0.00%	78.51%	9.13%
A/A-	19	$1,692,357	0	$0	32	$2,998,948	0	$0	51	$4,691,304
B	14	$1,075,878	0	$0	14	$1,238,328	0	$0	28	$2,314,206
C	6	$399,900	0	$0	5	$334,740	0	$0	11	$734,641
C-	0	$0	0	$0	4	$211,518	0	$0	4	$211,518
D	5	$239,327	0	$0	0	$0	0	$0	5	$239,327
Paid Off	62.15%	$5,793,710	0.00%	$0	33.17%	$2,410,168	0.00%	$0	49.45%	$8,203,878
Status
CURRENT	34	$2,903,569	0	$0	47	$4,002,313	0	$0	81	$6,905,882
30-59	2	$105,980	0	$0	2	$223,772	0	$0	4	$329,752
60-89	1	$49,227	0	$0	1	$25,860	0	$0	2	$75,087
90-119	0	$0	0	$0	2	$129,648	0	$0	2	$129,648
120-219	1	$38,797	0	$0	1	$74,926	0	$0	2	$113,724
180-269	2	$103,951	0	$0	1	$234,535	0	$0	3	$338,487
270-359	0	$0	0	$0	0	$0	0	$0	0	$0
360+	1	$55,012	0	$0	1	$92,479	0	$0	2	$147,492
REO	3	$150,925	0	$0	0	$0	0	$0	3	$150,925
90+REO	7	$348,686	-	$0	5	$531,589	-	$0	12	$880,274
Loss To Date
% to Original	0.00%	$0	0.00%	$0	-0.40%	-$28,936	0.00%	$0	-0.17%	-$28,936
Severity	0.00%		0.00%		0.00%		0.00%		0.00%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	0.00%	$0	0.00%	$0	-0.64%	($28,936)	0.00%	$0	-0.32%	($28,936)
B	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
C	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
C-	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
D	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
2-4 Unit	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
NIV	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Non-Owner	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
90+ & REO
A/A-, B , C	2.55%	14.81%	0.00%	0.00%	14.40%	0.00%	0.00%	0.00%	10.12%	6.88%
C- , D, NON	0.00%	16.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	16.21%
2-4, LOW , NIV	0.00%	0.00%	0.00%	0.00%	73.05%	0.00%	0.00%	0.00%	34.25%	0.00%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2001-4
ARM Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	111	$10,454,638	0	$0	88	$6,656,939	0	$0	199	$17,111,577
LTV/WAC	76.52%	10.44%	0.00%	0.00%	76.98%	10.70%	0.00%	0.00%	76.70%	10.54%
NON/2-4	6.36%	14.28%	0.00%	0.00%	7.10%	5.09%	0.00%	0.00%	6.64%	10.71%
Low/NIV	0.00%	10.94%	0.00%	0.00%	1.02%	30.95%	0.00%	0.00%	0.40%	18.73%
A/A-	26	$2,997,358	0	$0	30	$2,407,550	0	$0	56	$5,404,908
B	42	$3,930,025	0	$0	26	$1,689,229	0	$0	68	$5,619,254
C	25	$2,258,505	0	$0	16	$1,472,000	0	$0	41	$3,730,505
C-	4	$203,400	0	$0	12	$761,250	0	$0	16	$964,650
D	14	$1,065,350	0	$0	4	$326,910	0	$0	18	$1,392,260
Remaining	47	$2,966,342	0	$0	48	$3,164,752	0	$0	95	$6,131,094
LTV/WAC	76.73%	10.64%	0.00%	0.00%	79.32%	10.46%	0.00%	0.00%	78.07%	10.55%
A/A-	11	$875,895	0	$0	18	$1,355,846	0	$0	29	$2,231,741
B	21	$1,202,451	0	$0	17	$960,933	0	$0	38	$2,163,384
C	11	$732,468	0	$0	5	$501,696	0	$0	16	$1,234,164
C-	0	$0	0	$0	7	$294,501	0	$0	7	$294,501
D	4	$155,528	0	$0	1	$51,775	0	$0	5	$207,304
Paid Off	71.27%	$7,450,838	0.00%	$0	51.30%	$3,415,171	0.00%	$0	63.50%	$10,866,009
Status
CURRENT	31	$1,799,796	0	$0	36	$2,510,093	0	$0	67	$4,309,889
30-59	5	$419,288	0	$0	1	$55,564	0	$0	6	$474,851
60-89	1	$47,794	0	$0	1	$59,288	0	$0	2	$107,082
90-119	0	$0	0	$0	0	$0	0	$0	0	$0
120-219	2	$273,342	0	$0	2	$111,020	0	$0	4	$384,362
180-269	0	$0	0	$0	2	$130,604	0	$0	2	$130,604
270-359	3	$158,464	0	$0	2	$114,072	0	$0	5	$272,536
360+	3	$167,206	0	$0	2	$72,097	0	$0	5	$239,303
REO	2	$100,454	0	$0	2	$112,013	0	$0	4	$212,467
90+REO	10	$699,465	-	$0	10	$539,806	-	$0	20	$1,239,271
Loss To Date
% to Original	0.85%	$88,807	0.00%	$0	2.98%	$198,629	0.00%	$0	1.68%	$287,436
Severity	27.23%		0.00%		79.28%		0.00%		49.84%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	0.00%	$0	0.00%	$0	1.69%	$40,794	0.00%	$0	0.75%	$40,794
B	0.15%	$5,974	0.00%	$0	2.86%	$48,371	0.00%	$0	0.97%	$54,345
C	2.03%	$45,803	0.00%	$0	4.83%	$71,034	0.00%	$0	3.13%	$116,837
C-	18.21%	$37,031	0.00%	$0	0.00%	$0	0.00%	$0	3.84%	$37,031
D	0.00%	$0	0.00%	$0	11.76%	$38,429	0.00%	$0	2.76%	$38,429
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
2-4 Unit	3.07%	$45,803	0.00%	$0	0.00%	$0	0.00%	$0	2.50%	$45,803
NIV	0.52%	$5,974	0.00%	$0	1.98%	$40,794	0.00%	$0	1.46%	$46,768
Non-Owner	6.89%	$45,803	0.00%	$0	0.00%	$0	0.00%	$0	4.03%	$45,803
90+ & REO
A/A-, B , C	25.27%	21.57%	0.00%	0.00%	14.50%	14.68%	0.00%	0.00%	18.73%	18.51%
C- , D, NON	0.00%	32.50%	0.00%	0.00%	14.62%	100.00%	0.00%	0.00%	14.62%	49.36%
2-4, LOW , NIV	15.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.64%	0.00%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2001-3
ARM Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	19	$1,152,425	0	$0	29	$2,774,236	0	$0	48	$3,926,661
LTV/WAC	74.26%	10.87%	0.00%	0.00%	79.23%	10.81%	0.00%	0.00%	77.77%	10.83%
NON/2-4	18.68%	11.25%	0.00%	0.00%	6.11%	14.28%	0.00%	0.00%	9.80%	13.39%
Low/NIV	2.86%	28.07%	0.00%	0.00%	0.00%	36.67%	0.00%	0.00%	0.84%	34.15%
A/A-	2	$89,850	0	$0	9	$1,198,251	0	$0	11	$1,288,101
B	6	$599,900	0	$0	9	$715,400	0	$0	15	$1,315,300
C	9	$367,825	0	$0	5	$470,460	0	$0	14	$838,285
C-	0	$0	0	$0	4	$263,625	0	$0	4	$263,625
D	2	$94,850	0	$0	2	$126,500	0	$0	4	$221,350
Remaining	9	$535,304	0	$0	15	$984,470	0	$0	24	$1,519,774
LTV/WAC	78.65%	10.17%	0.00%	0.00%	75.53%	11.20%	0.00%	0.00%	76.63%	10.84%
A/A-	1	$10,775	0	$0	6	$324,787	0	$0	7	$335,561
B	5	$442,316	0	$0	3	$206,778	0	$0	8	$649,095
C	3	$82,212	0	$0	3	$225,372	0	$0	6	$307,584
C-	0	$0	0	$0	2	$170,292	0	$0	2	$170,292
D	0	$0	0	$0	1	$57,242	0	$0	1	$57,242
Paid Off	52.68%	$607,075	0.00%	$0	64.03%	$1,776,225	0.00%	$0	60.70%	$2,383,300
Status
CURRENT	7	$485,228	0	$0	3	$190,918	0	$0	10	$676,145
30-59	0	$0	0	$0	2	$116,701	0	$0	2	$116,701
60-89	0	$0	0	$0	2	$132,734	0	$0	2	$132,734
90-119	0	$0	0	$0	1	$55,410	0	$0	1	$55,410
120-219	0	$0	0	$0	0	$0	0	$0	0	$0
180-269	0	$0	0	$0	3	$210,697	0	$0	3	$210,697
270-359	0	$0	0	$0	1	$71,133	0	$0	1	$71,133
360+	2	$50,076	0	$0	2	$138,987	0	$0	4	$189,063
REO	0	$0	0	$0	1	$67,891	0	$0	1	$67,891
90+REO	2	$50,076	-	$0	8	$544,118	-	$0	10	$594,194
Loss To Date
% to Original	4.71%	$54,263	0.00%	$0	3.51%	$97,393	0.00%	$0	3.86%	$151,655
Severity	70.61%		0.00%		66.67%		0.00%		68.03%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	60.39%	$54,263	0.00%	$0	0.00%	$0	0.00%	$0	4.21%	$54,263
B	0.00%	$0	0.00%	$0	13.61%	$97,393	0.00%	$0	7.40%	$97,393
C	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
C-	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
D	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
2-4 Unit	41.87%	$54,263	0.00%	$0	5.67%	$22,458	0.00%	$0	14.59%	$76,721
NIV	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Non-Owner	25.20%	$54,263	0.00%	$0	0.00%	$0	0.00%	$0	14.10%	$54,263
90+ & REO
A/A-, B , C	0.00%	0.00%	0.00%	0.00%	56.79%	67.23%	0.00%	0.00%	54.97%	21.42%
C- , D, NON	0.00%	0.00%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%	0.00%	100.00%
2-4, LOW , NIV	0.00%	0.00%	0.00%	0.00%	35.74%	0.00%	0.00%	0.00%	27.11%	0.00%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2001-2
ARM Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	86	$8,396,490	0	$0	70	$6,124,956	0	$0	156	$14,521,446
LTV/WAC	75.46%	10.79%	0.00%	0.00%	80.90%	10.50%	0.00%	0.00%	77.76%	10.67%
NON/2-4	24.53%	12.13%	0.00%	0.00%	7.52%	11.47%	0.00%	0.00%	17.36%	11.85%
Low/NIV	12.03%	10.84%	0.00%	0.00%	2.00%	30.45%	0.00%	0.00%	7.80%	19.11%
A/A-	31	$2,696,200	0	$0	36	$3,911,651	0	$0	67	$6,607,851
B	27	$2,742,240	0	$0	21	$1,533,270	0	$0	48	$4,275,510
C	21	$2,002,800	0	$0	11	$480,600	0	$0	32	$2,483,400
C-	1	$69,000	0	$0	1	$48,385	0	$0	2	$117,385
D	6	$886,250	0	$0	1	$151,050	0	$0	7	$1,037,300
Remaining	39	$3,137,152	0	$0	26	$1,524,335	0	$0	65	$4,661,487
LTV/WAC	78.27%	10.70%	0.00%	0.00%	82.47%	10.75%	0.00%	0.00%	79.64%	10.72%
A/A-	14	$887,229	0	$0	14	$869,207	0	$0	28	$1,756,436
B	14	$1,116,094	0	$0	8	$521,388	0	$0	22	$1,637,482
C	9	$949,876	0	$0	4	$133,740	0	$0	13	$1,083,616
C-	0	$0	0	$0	0	$0	0	$0	0	$0
D	2	$183,953	0	$0	0	$0	0	$0	2	$183,953
Paid Off	62.09%	$5,213,600	0.00%	$0	74.76%	$4,579,146	0.00%	$0	67.44%	$9,792,746
Status
CURRENT	18	$1,662,778	0	$0	12	$570,302	0	$0	30	$2,233,080
30-59	3	$234,780	0	$0	3	$184,315	0	$0	6	$419,095
60-89	1	$40,895	0	$0	1	$183,778	0	$0	2	$224,673
90-119	1	$161,966	0	$0	0	$0	0	$0	1	$161,966
120-179	0	$0	0	$0	4	$325,067	0	$0	4	$325,067
180-269	2	$268,064	0	$0	0	$0	0	$0	2	$268,064
270-359	0	$0	0	$0	0	$0	0	$0	0	$0
360+	6	$356,912	0	$0	4	$169,805	0	$0	10	$526,717
REO	8	$411,757	0	$0	2	$91,068	0	$0	10	$502,825
90+REO	17	$1,198,700	-	$0	10	$585,940	-	$0	27	$1,784,639
Loss To Date
% to Original	9.50%	$798,028	0.00%	$0	6.34%	$388,091	0.00%	$0	8.17%	$1,186,119
Severity	59.95%		0.00%		59.72%		0.00%		59.87%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	16.73%	$451,056	0.00%	$0	4.44%	$173,856	0.00%	$0	9.46%	$624,912
B	9.02%	$247,341	0.00%	$0	7.12%	$109,225	0.00%	$0	8.34%	$356,566
C	4.97%	$99,631	0.00%	$0	21.85%	$105,010	0.00%	$0	8.24%	$204,641
C-	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
D	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	2.66%	$26,837	0.00%	$0	0.00%	$0	0.00%	$0	2.37%	$26,837
2-4 Unit	14.00%	$142,541	0.00%	$0	11.20%	$78,698	0.00%	$0	12.86%	$221,239
NIV	22.64%	$206,094	0.00%	$0	3.52%	$65,721	0.00%	$0	9.79%	$271,814
Non-Owner	22.00%	$452,994	0.00%	$0	8.29%	$38,212	0.00%	$0	19.49%	$491,207
90+ & REO
A/A-, B , C	64.60%	22.57%	0.00%	0.00%	29.41%	56.50%	0.00%	0.00%	47.18%	33.37%
C- , D, NON	0.00%	38.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	38.67%
2-4, LOW , NIV	0.00%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%	0.00%	100.00%	0.00%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2001-1
ARM Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	18	$2,379,197	1	$135,000	103	$10,141,112	0	$0	122	$12,655,309
LTV/WAC	73.58%	10.60%	77.20%	11.03%	90.85%	10.53%	0.00%	0.00%	87.46%	10.55%
NON/2-4	11.19%	10.34%	0.00%	0.00%	7.83%	9.31%	0.00%	0.00%	8.38%	9.41%
Low/NIV	0.00%	8.74%	0.00%	0.00%	0.77%	12.85%	0.00%	0.00%	0.62%	11.94%
A/A-	3	$249,250	0	$0	96	$9,575,511	0	$0	99	$9,824,761
B	8	$937,175	1	$135,000	6	$494,101	0	$0	15	$1,566,276
C	6	$1,078,772	0	$0	1	$71,500	0	$0	7	$1,150,272
C-	1	$114,000	0	$0	0	$0	0	$0	1	$114,000
D	0	$0	0	$0	0	$0	0	$0	0	$0
Remaining	7	$470,739	0	$0	32	$2,937,919	0	$0	39	$3,408,658
LTV/WAC	72.96%	10.65%	0.00%	0.00%	89.86%	10.62%	0.00%	0.00%	87.53%	10.62%
A/A-	2	$172,307	0	$0	29	$2,742,996	0	$0	31	$2,915,303
B	2	$106,146	0	$0	2	$124,464	0	$0	4	$230,610
C	3	$192,285	0	$0	1	$70,459	0	$0	4	$262,744
C-	0	$0	0	$0	0	$0	0	$0	0	$0
D	0	$0	0	$0	0	$0	0	$0	0	$0
Paid Off	79.96%	$1,902,397	100.00%	$135,000	70.50%	$7,149,929	0.00%	$0	72.60%	$9,187,326
Status
CURRENT	3	$294,985	0	$0	27	$2,204,818	0	$0	30	$2,499,802
30-59	0	$0	0	$0	0	$0	0	$0	0	$0
60-89	1	$57,796	0	$0	0	$0	0	$0	1	$57,796
90-119	0	$0	0	$0	0	$0	0	$0	0	$0
120-179	0	$0	0	$0	0	$0	0	$0	0	$0
180-269	0	$0	0	$0	1	$50,627	0	$0	1	$50,627
270-359	0	$0	0	$0	0	$0	0	$0	0	$0
360+	3	$117,958	0	$0	3	$340,475	0	$0	6	$458,432
REO	0	$0	0	$0	1	$342,000	0	$0	1	$342,000
90+REO	3	$117,958	-	$0	5	$733,101	-	$0	8	$851,059
Loss To Date
% to Original	12.86%	$305,847	0.00%	$0	2.65%	$269,005	0.00%	$0	4.54%	$574,852
Severity	37.67%		0.00%		46.65%		0.00%		41.40%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	31.22%	$77,810	0.00%	$0	1.60%	$152,771	0.00%	$0	2.35%	$230,581
B	9.47%	$88,767	0.00%	$0	23.52%	$116,234	0.00%	$0	13.09%	$205,002
C	12.91%	$139,269	0.00%	$0	0.00%	$0	0.00%	$0	12.11%	$139,269
C-	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
D	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
2-4 Unit	0.00%	$0	0.00%	$0	15.91%	$150,250	0.00%	$0	12.62%	$150,250
NIV	37.41%	$77,810	0.00%	$0	1.36%	$17,668	0.00%	$0	6.32%	$95,478
Non-Owner	0.00%	$0	0.00%	$0	6.05%	$48,035	0.00%	$0	4.53%	$48,035
90+ & REO
A/A-, B , C	23.92%	45.55%	0.00%	0.00%	24.88%	40.68%	0.00%	0.00%	24.82%	42.92%
C- , D, NON	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
2-4, LOW , NIV	100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	18.54%	0.00%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2000-2
ARM Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	782	$79,900,173	72	$9,319,842	2110	$233,344,812	18	$1,710,500	2982	$324,275,327
LTV/WAC	74.82%	10.78%	71.43%	9.77%	79.17%	10.54%	74.98%	11.39%	77.85%	10.58%
NON/2-4	4.30%	2.95%	4.56%	5.46%	3.86%	5.65%	5.03%	28.27%	4.00%	5.10%
Low/NIV	16.81%	5.73%	0.00%	10.25%	2.20%	24.68%	6.14%	8.13%	5.76%	19.51%
A/A-	196	$24,047,678	31	$4,478,121	1085	$136,799,052	5	$413,400	1317	$165,738,251
B	260	$26,429,507	25	$3,199,792	563	$60,003,702	6	$599,500	854	$90,232,501
C	214	$19,118,059	13	$1,431,229	340	$28,321,240	4	$511,050	571	$49,381,578
C-	50	$4,744,425	1	$56,000	79	$5,409,962	3	$186,550	133	$10,396,937
D	62	$5,560,504	2	$154,700	43	$2,810,856	0	$0	107	$8,526,060
Remaining	235	$19,752,858	9	$765,836	602	$51,189,191	3	$158,909	849	$71,866,793
LTV/WAC	75.86%	10.88%	66.87%	10.02%	80.23%	10.97%	81.89%	10.90%	78.89%	10.94%
A/A-	61	$5,316,678	1	$77,971	264	$25,436,941	2	$110,236	328	$30,941,826
B	82	$6,699,496	4	$349,914	178	$15,708,635	0	$0	264	$22,758,044
C	56	$4,649,482	3	$282,469	111	$7,463,109	0	$0	170	$12,395,060
C-	17	$1,488,905	1	$55,482	32	$1,723,709	1	$48,673	51	$3,316,769
D	19	$1,598,297	0	$0	17	$856,796	0	$0	36	$2,455,094
Paid Off	74.87%	$59,822,419	91.61%	$8,538,178	77.67%	$181,241,984	90.53%	$1,548,500	77.45%	$251,151,081
Status
CURRENT	127	$10,105,955	7	$537,932	346	$29,151,407	2	$110,236	482	$39,905,529
30-59	17	$1,767,878	0	$0	48	$4,381,292	0	$0	65	$6,149,170
60-89	10	$1,007,235	0	$0	10	$1,608,602	0	$0	20	$2,615,837
90-119	4	$402,149	0	$0	8	$674,695	0	$0	12	$1,076,844
120-179	7	$568,369	2	$227,904	28	$2,554,564	0	$0	37	$3,350,837
180-269	19	$1,539,709	0	$0	29	$2,074,832	0	$0	48	$3,614,541
270-359	19	$1,509,210	0	$0	23	$1,612,091	0	$0	42	$3,121,301
360+	21	$2,236,475	0	$0	71	$6,137,736	1	$48,673	93	$8,422,885
REO	11	$615,879	0	$0	39	$2,993,971	0	$0	50	$3,609,850
90+REO	81	$6,871,790	2	$227,904	198	$16,047,890	1	$48,673	282	$23,196,257
Loss To Date
% to Original	5.07%	$4,048,868	1.64%	$152,778	3.05%	$7,107,595	2.41%	$41,252	3.50%	$11,350,494
Severity	40.48%		28.31%		38.21%		27.55%		38.75%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	3.27%	$785,817	3.09%	$138,413	1.91%	$2,616,324	0.93%	$3,861	2.14%	$3,544,416
B	4.99%	$1,318,089	0.65%	$20,770	3.42%	$2,051,916	6.24%	$37,391	3.80%	$3,428,166
C	6.75%	$1,290,536	-0.45%	($6,405)	6.21%	$1,759,292	0.00%	$0	6.16%	$3,043,422
C-	8.28%	$392,658	0.00%	$0	11.74%	$635,368	0.00%	$0	9.89%	$1,028,026
D	4.71%	$261,769	0.00%	$0	1.59%	$44,695	0.00%	$0	3.59%	$306,464
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	1.87%	$251,187	0.00%	$0	7.82%	$400,870	0.00%	$0	3.49%	$652,058
2-4 Unit	8.04%	$189,837	0.00%	$0	3.94%	$519,679	0.00%	$0	4.29%	$709,515
NIV	7.64%	$350,011	7.90%	$75,402	3.71%	$2,139,030	2.78%	$3,861	4.06%	$2,568,304
Non-Owner	11.41%	$392,639	0.00%	$0	3.09%	$278,663	0.00%	$0	5.18%	$671,302
90+ & REO
A/A-, B , C	26.35%	28.88%	0.00%	65.13%	19.69%	42.66%	0.00%	0.00%	20.72%	38.95%
C- , D, NON	53.69%	72.19%	0.00%	0.00%	36.34%	45.43%	100.00%	0.00%	44.45%	62.85%
2-4, LOW , NIV	19.96%	30.71%	0.00%	0.00%	32.68%	29.41%	0.00%	0.00%	31.33%	30.48%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2000-1
ARM Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	534	$47,297,989	58	$7,593,887	1846	$192,904,929	34	$3,502,207	2472	$251,299,012
LTV/WAC	73.16%	10.83%	73.43%	10.20%	77.48%	10.76%	75.89%	10.12%	76.52%	10.74%
NON/2-4	6.38%	4.01%	2.35%	4.32%	3.70%	6.14%	3.30%	1.54%	4.16%	5.62%
Low/NIV	14.43%	5.36%	0.00%	13.82%	3.03%	27.19%	0.00%	3.18%	5.04%	22.34%
A/A-	123	$11,548,145	31	$4,404,773	828	$102,523,904	12	$1,717,350	994	$120,194,172
B	173	$16,182,010	13	$1,913,734	514	$51,961,039	10	$829,500	710	$70,886,283
C	141	$12,947,529	10	$1,019,630	332	$27,105,589	7	$546,507	490	$41,619,255
C-	41	$2,750,600	2	$191,300	100	$6,267,237	4	$337,600	147	$9,546,737
D	56	$3,869,705	2	$64,450	72	$5,047,160	1	$71,250	131	$9,052,565
Remaining	168	$11,841,176	9	$637,400	459	$34,928,109	11	$1,237,054	647	$48,643,739
LTV/WAC	74.87%	10.82%	58.76%	9.17%	77.97%	11.09%	77.89%	9.62%	76.96%	10.96%
A/A-	43	$3,053,634	6	$512,562	189	$16,881,060	5	$807,521	243	$21,254,777
B	58	$4,691,836	2	$90,836	126	$8,821,188	4	$262,943	190	$13,866,803
C	37	$2,730,509	1	$34,002	97	$6,468,494	2	$166,590	137	$9,399,595
C-	13	$599,203	0	$0	30	$1,581,977	0	$0	43	$2,181,181
D	17	$765,994	0	$0	17	$1,175,389	0	$0	34	$1,941,383
Paid Off	74.47%	$35,221,735	91.38%	$6,939,154	81.52%	$157,260,855	63.84%	$2,235,707	80.25%	$201,657,451
Status
CURRENT	92	$5,779,146	5	$428,299	251	$18,705,575	6	$438,677	354	$25,351,696
30-59	11	$999,888	1	$84,263	25	$1,790,915	1	$102,004	38	$2,977,071
60-89	4	$350,545	0	$0	13	$831,231	1	$65,970	18	$1,247,747
90-119	4	$153,099	0	$0	10	$1,099,213	0	$0	14	$1,252,312
120-179	6	$451,767	1	$39,441	22	$2,002,607	1	$47,467	30	$2,541,282
180-269	7	$471,870	0	$0	22	$1,737,609	0	$0	29	$2,209,479
270-359	4	$254,155	0	$0	11	$548,085	0	$0	15	$802,240
360+	22	$2,119,539	1	$34,002	68	$5,491,288	1	$98,892	92	$7,743,721
REO	18	$1,261,167	1	$51,395	37	$2,721,585	1	$484,044	57	$4,518,191
90+REO	61	$4,711,597	3	$124,838	170	$13,600,387	3	$630,403	237	$19,067,226
Loss To Date
% to Original	4.23%	$1,999,941	1.69%	$128,293	3.68%	$7,102,807	2.95%	$103,329	3.71%	$9,334,370
Severity	40.92%		21.88%		43.82%		32.52%		42.43%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	4.34%	$500,895	0.57%	$25,060	1.77%	$1,818,043	0.00%	$0	1.95%	$2,343,998
B	2.06%	$333,154	2.54%	$48,568	4.23%	$2,195,999	7.19%	$59,620	3.64%	$2,577,721
C	4.45%	$575,920	2.59%	$26,388	7.40%	$2,004,727	-3.14%	($17,171)	6.26%	$2,607,034
C-	11.04%	$303,579	0.00%	$0	10.63%	$666,118	17.43%	$58,852	10.16%	$969,698
D	7.40%	$286,393	43.87%	$28,277	8.28%	$417,921	2.85%	$2,028	8.09%	$732,590
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	7.20%	$491,023	0.00%	$0	5.26%	$308,047	0.00%	$0	6.30%	$799,070
2-4 Unit	7.02%	$133,218	0.00%	$0	5.97%	$706,864	0.00%	$0	5.95%	$840,082
NIV	5.00%	$126,753	1.60%	$16,776	4.30%	$2,253,196	0.00%	$0	4.27%	$2,396,726
Non-Owner	7.68%	$231,619	0.00%	$0	8.80%	$629,017	0.00%	$0	8.23%	$860,635
90+ & REO
A/A-, B , C	27.26%	40.59%	0.00%	100.00%	33.20%	35.56%	59.94%	37.61%	32.56%	37.72%
C- , D, NON	56.62%	40.48%	0.00%	0.00%	41.90%	64.37%	0.00%	0.00%	45.94%	54.95%
2-4, LOW , NIV	38.33%	23.62%	29.65%	0.00%	50.39%	23.35%	0.00%	0.00%	46.10%	23.44%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 1999-2
ARM Loans
	Retail		Correspondent		Broker		Total
Category	#	$	#	$	#	$	#	$
Original	52	$5,034,900	108	$12,255,827	1751	$151,946,509	1911	$169,237,236
LTV/WAC	74.27%	10.30%	79.75%	10.11%	79.07%	10.47%	78.98%	10.44%
NON/2-4	4.82%	13.14%	3.40%	7.38%	3.02%	5.99%	3.10%	6.30%
Low/NIV	6.73%	22.91%	2.75%	14.24%	4.39%	27.45%	4.34%	26.36%
A/A-	24	$2,916,000	55	$6,823,461	838	$87,023,808	917	$96,763,269
B	10	$945,350	32	$3,541,493	502	$39,417,068	544	$43,903,911
C	3	$217,850	14	$1,216,010	161	$11,408,456	178	$12,842,316
C-	6	$346,300	3	$223,473	42	$3,071,270	51	$3,641,043
D	9	$609,400	4	$451,390	207	$10,905,907	220	$11,966,697
Unknown	0	$0	0	$0	0	$0	0	$0
Remaining	11	$723,520	20	$2,045,982	382	$27,058,114	413	$29,827,617
LTV/WAC	79.18%	8.92%	81.51%	10.00%	79.23%	10.36%	79.38%	10.30%
A/A-	5	$444,003	10	$1,338,960	185	$14,536,032	200	$16,318,995
B	3	$115,061	7	$499,453	128	$8,699,537	138	$9,314,051
C	0	$0	3	$207,569	26	$1,730,206	29	$1,937,775
C-	3	$164,456	0	$0	7	$481,516	10	$645,973
D	0	$0	0	$0	36	$1,610,824	36	$1,610,824
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	85.63%	$4,311,380	83.31%	$10,209,845	82.19%	$124,888,395	82.38%	$139,409,620
Status
CURRENT	10	$678,178	18	$1,923,211	311	$20,755,124	339	$23,356,513
30-59	0	$0	1	$63,057	10	$711,840	11	$774,897
60-89	0	$0	0	$0	7	$569,216	7	$569,216
90-119	0	$0	0	$0	10	$967,710	10	$967,710
120-179	0	$0	0	$0	6	$461,843	6	$461,843
180-269	0	$0	0	$0	13	$1,148,455	13	$1,148,455
270-359	0	$0	1	$59,715	4	$372,299	5	$432,014
360+	1	$45,342	0	$0	14	$1,548,412	15	$1,593,754
REO	0	$0	0	$0	7	$523,214	7	$523,214
90+REO	1	$45,342	1	$59,715	54	$5,021,933	56	$5,126,990
Loss To Date
% to Original	0.92%	$46,516	2.12%	$259,686	7.17%	$10,898,299	6.62%	$11,204,501
Severity	19.04%		29.84%		49.37%		48.32%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.69%	$20,049	1.62%	$110,602	4.24%	$3,690,161	3.95%	$3,820,812
B	0.00%	$0	1.80%	$63,869	8.39%	$3,305,922	7.68%	$3,369,791
C	12.61%	$27,463	2.07%	$25,154	11.78%	$1,344,120	10.88%	$1,396,737
C-	0.00%	$0	-0.74%	($1,659)	17.35%	$532,811	14.59%	$531,152
D	-0.16%	($996)	13.67%	$61,720	18.57%	$2,025,285	17.43%	$2,086,009
Unknown	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Loss by Characteristic	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
Low Doc	8.11%	$27,463	0.00%	$0	11.68%	$779,081	10.98%	$806,544
2-4 Unit	0.00%	$0	0.00%	$0	13.63%	$1,240,616	11.63%	$1,240,616
NIV	0.00%	$0	2.08%	$36,285	5.87%	$2,446,499	5.57%	$2,482,784
Non-Owner	0.00%	$0	0.00%	$0	16.66%	$765,155	14.57%	$765,155
90+ & REO as % Rem
A/A- , B, C	0.00%	0.00%	4.50%	0.00%	17.30%	19.40%	15.80%	18.10%
C- , D, NON	27.60%	0.00%	0.00%	0.00%	14.40%	8.10%	17.80%	8.10%
2-4, LOW, NIV	100.00%	100.00%	0.00%	0.00%	16.90%	7.20%	19.70%	13.80%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 1999-1
ARM Loans
	Retail		Correspondent		Broker		Total
Category	#	$	#	$	#	$	#	$
Original Pool	103	$10,737,850	61	$5,969,315	2046	$185,142,838	2210	$201,850,003
LTV/WAC	77.73%	9.55%	75.93%	11.56%	76.40%	10.61%	76.46%	10.58%
NON/2-4	3.62%	9.82%	0.46%	9.98%	4.95%	5.37%	0.75%	1.08%
Low/NIV	6.12%	19.43%	1.70%	28.44%	4.67%	31.31%	0.52%	0.70%
A/A-	53	$6,617,000	23	$2,644,940	867	$95,227,223	943	$104,489,163
B	27	$2,407,650	10	$1,278,050	561	$48,493,613	598	$52,179,313
C	8	$599,600	5	$329,400	219	$14,666,437	232	$15,595,437
C-	1	$79,800	1	$60,200	77	$4,591,855	79	$4,731,855
D	14	$1,033,800	22	$1,656,725	322	$22,163,710	358	$24,854,235
Unknown	0	$0	0	$0	0	$0	0	$0
Remaining Pool	16	$961,644	6	$414,554	388	$26,743,416	410	$28,119,615
LTV/WAC	82.66%	8.72%	71.20%	11.43%	76.03%	10.47%	76.18%	10.43%
A/A-	8	$493,228	1	$141,873	152	$12,544,679	161	$13,179,780
B	7	$431,286	1	$35,529	121	$7,943,301	129	$8,410,116
C	0	$0	2	$79,799	40	$1,990,128	42	$2,069,927
C-	0	$0	0	$0	15	$793,615	15	$793,615
D	1	$37,130	2	$157,352	60	$3,471,694	63	$3,666,177
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	91.04%	$9,776,206	93.06%	$5,554,761	85.56%	$158,399,422	86.07%	$173,730,389
Delinquency Status
CURRENT	15	$924,514	6	$414,554	302	$20,379,712	323	$21,718,780
30-59	0	$0	0	$0	9	$927,024	9	$927,024
60-89	0	$0	0	$0	7	$696,498	7	$696,498
90-119	0	$0	0	$0	10	$758,085	10	$758,085
120-179	0	$0	0	$0	6	$237,360	6	$237,360
180-269	0	$0	0	$0	13	$822,215	13	$822,215
270-359	0	$0	0	$0	10	$776,964	10	$776,964
360+	0	$0	0	$0	15	$1,187,512	15	$1,187,512
REO	1	$37,130	0	$0	16	$958,047	17	$995,177
90+REO	1	$37,130	-	$0	70	$4,740,183	71	$4,777,313
Loss To Date
% to Original Pool Balance	1.42%	$152,308	4.03%	$240,608	5.88%	$10,884,313	5.59%	$11,277,229
Severity	20.85%		43.85%		45.51%		44.76%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.00%	$0	0.00%	$0	3.50%	$3,336,796	3.19%	$3,336,796
B	3.64%	$87,628	10.89%	$139,156	7.43%	$3,601,348	7.34%	$3,828,132
C	4.65%	$27,911	0.00%	$0	8.29%	$1,216,133	7.98%	$1,244,044
C-	0.00%	$0	16.67%	$10,038	5.70%	$261,939	5.75%	$271,977
D	3.56%	$36,769	5.52%	$91,414	11.14%	$2,468,098	10.45%	$2,596,281
Unknown	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Loss by Characteristic	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
Low Doc	3.70%	$24,281	0.00%	$0	9.73%	$842,229	9.20%	$866,510
2-4 Unit	2.73%	$28,820	0.00%	$0	10.87%	$1,082,051	9.58%	$1,110,872
NIV	2.72%	$56,719	2.97%	$50,442	5.12%	$2,970,325	4.98%	$3,077,486
Non-Owner	6.53%	$25,375	0.00%	$0	14.36%	$1,316,815	14.00%	$1,342,190
90+ & REO as % Rem
A/A- , B, C	0.00%	0.00%	0.00%	0.00%	9.80%	21.30%	9.30%	20.10%
C- , D, NON	0.00%	100.00%	0.00%	0.00%	18.50%	32.80%	18.50%	32.00%
2-4, LOW, NIV	0.00%	0.00%	0.00%	0.00%	0.00%	19.80%	0.00%	18.10%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 1998-C
ARM Loans
	Retail		Correspondent		Broker		Total
Category	#	$	#	$	#	$	#	$
Original Pool	173	$21,129,800	637	$76,598,960	1774	$161,871,473	2584	$259,600,233
LTV/WAC	79.91%	10.07%	80.07%	10.95%	78.52%	10.47%	79.09%	10.58%
NON/2-4	2.79%	4.35%	0.55%	5.57%	5.02%	4.66%	0.58%	0.84%
Low/NIV	7.85%	15.99%	2.24%	29.86%	2.09%	31.65%	0.40%	0.55%
A/A-	106	$14,771,000	371	$49,011,185	962	$100,957,142	1439	$164,739,327
B	47	$4,912,600	144	$16,505,215	534	$43,845,675	725	$65,263,490
C	11	$915,300	48	$4,000,515	122	$8,148,811	181	$13,064,626
C-	2	$114,200	6	$411,345	38	$2,486,170	46	$3,011,715
D	7	$416,700	68	$6,670,700	118	$6,433,675	193	$13,521,075
Unknown	0	$0	0	$0	0	$0	0	$0
Remaining Pool	16	$1,116,425	47	$4,609,648	181	$12,414,058	244	$18,140,130
LTV/WAC	77.42%	9.01%	80.94%	10.02%	79.70%	9.91%	79.87%	9.89%
A/A-	9	$682,683	31	$3,025,320	100	$7,857,920	140	$11,565,924
B	5	$277,230	11	$1,090,310	58	$3,565,477	74	$4,933,017
C	1	$87,315	0	$0	6	$318,231	7	$405,546
C-	0	$0	0	$0	4	$155,644	4	$155,644
D	1	$69,196	5	$494,017	13	$516,785	19	$1,079,999
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	94.72%	$20,013,375	93.98%	$71,989,312	92.33%	$149,457,415	93.01%	$241,460,102
Delinquency Status
CURRENT	11	$607,732	42	$4,009,580	166	$11,286,300	219	$15,903,612
30-59	2	$189,981	2	$363,345	4	$176,878	8	$730,204
60-89	0	$0	0	$0	2	$194,582	2	$194,582
90-119	0	$0	0	$0	2	$144,724	2	$144,724
120-179	0	$0	0	$0	2	$139,484	2	$139,484
180-269	1	$69,196	0	$0	1	$95,817	2	$165,013
270-359	0	$0	2	$158,553	0	$0	2	$158,553
360+	2	$249,515	1	$78,169	2	$178,987	5	$506,671
REO	0	$0	0	$0	2	$197,288	2	$197,288
90+REO	3	$318,711	3	$236,722	9	$756,300	15	$1,311,733
Loss To Date
% to Original Pool Balance	4.81%	$1,015,566	4.38%	$3,353,400	4.49%	$7,261,188	4.48%	$11,630,154
Severity	40.71%		34.94%		37.09%		36.72%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	3.71%	$547,957	3.03%	$1,483,200	3.43%	$3,461,413	3.33%	$5,492,570
B	6.34%	$311,226	6.34%	$1,046,010	5.17%	$2,267,426	5.55%	$3,624,662
C	8.97%	$82,068	7.19%	$287,521	7.63%	$621,696	7.59%	$991,285
C-	0.00%	$0	0.00%	$0	7.81%	$194,257	6.45%	$194,257
D	17.83%	$74,315	8.05%	$536,669	11.14%	$716,396	9.82%	$1,327,380
Unknown	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Loss by Characteristic	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
Low Doc	13.30%	$220,419	2.05%	$35,171	2.90%	$98,103	5.23%	$353,693
2-4 Unit	12.39%	$113,963	4.80%	$204,881	5.98%	$451,241	6.05%	$770,085
NIV	9.18%	$310,163	4.14%	$947,574	4.35%	$2,226,302	4.50%	$3,484,039
Non-Owner	6.24%	$36,781	12.58%	$53,047	5.84%	$474,523	6.18%	$564,351
90+ & REO as % Rem
A/A- , B, C	36.50%	0.00%	0.00%	10.30%	8.20%	1.90%	7.70%	3.70%
C- , D, NON	0.00%	100.00%	0.00%	25.20%	0.00%	8.00%	0.00%	21.70%
2-4, LOW, NIV	0.00%	100.00%	0.00%	14.40%	0.00%	0.00%	0.00%	40.00%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 1997-1
ARM Loans
	Retail		Correspondent		Broker		Total
Category	#	$	#	$	#	$	#	$
Original Pool	114	$11,656,400	2475	$265,478,019	1636	$142,044,653	4225	$419,179,072
LTV/WAC	71.95%	10.62%	71.47%	11.29%	71.23%	10.92%	71.40%	11.15%
NON/2-4	6.57%	3.61%	2.49%	5.67%	10.23%	5.48%	0.36%	0.52%
Low/NIV	11.74%	8.22%	11.13%	37.96%	6.29%	47.65%	0.25%	0.34%
A/A-	43	$5,115,800	850	$104,765,807	677	$67,491,508	1570	$177,373,115
B	36	$3,888,800	711	$78,024,516	470	$41,060,396	1217	$122,973,712
C	21	$1,646,000	340	$32,479,903	205	$15,832,711	566	$49,958,614
C-	1	$46,800	137	$12,405,728	78	$5,094,925	216	$17,547,453
D	13	$959,000	435	$37,559,565	206	$12,565,113	654	$51,083,678
Unknown	0	$0	2	$242,500	0	$0	2	$242,500
Remaining Pool	7	$476,967	151	$11,987,250	108	$6,677,927	266	$19,142,144
LTV/WAC	71.15%	11.10%	70.41%	9.48%	73.07%	9.55%	71.35%	9.54%
A/A-	2	$216,501	49	$4,130,631	48	$3,448,140	99	$7,795,272
B	2	$126,924	43	$3,561,542	21	$1,410,367	66	$5,098,833
C	0	$0	26	$1,554,300	15	$798,279	41	$2,352,579
C-	0	$0	6	$1,009,162	7	$306,125	13	$1,315,287
D	3	$133,543	27	$1,731,614	17	$715,016	47	$2,580,172
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	95.91%	$11,179,433	95.48%	$253,490,769	95.30%	$135,366,726	95.43%	$400,036,928
Delinquency Status
CURRENT	4	$306,820	111	$8,699,439	68	$3,918,915	183	$12,925,174
30-59	1	$80,678	2	$265,109	8	$786,266	11	$1,132,053
60-89	1	$19,531	4	$267,951	2	$121,572	7	$409,054
90-119	0	$0	5	$278,209	4	$256,229	9	$534,438
120-179	0	$0	2	$219,776	0	$0	2	$219,776
180-269	0	$0	3	$173,635	5	$221,949	8	$395,584
270-359	0	$0	2	$147,769	3	$189,245	5	$337,014
360+	1	$69,939	16	$1,357,284	13	$907,105	30	$2,334,328
REO	0	$0	6	$578,078	5	$276,647	11	$854,725
90+REO	1	$69,939	34	$2,754,751	30	$1,851,175	65	$4,675,865
Loss To Date
% to Original Pool Balance	2.40%	$280,327	5.04%	$13,373,527	5.14%	$7,306,627	5.00%	$20,960,481
Severity	36.60%		45.86%		50.89%		47.33%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.12%	$6,254	2.03%	$2,128,325	3.04%	$2,053,912	2.36%	$4,188,491
B	4.47%	$173,948	4.00%	$3,124,558	5.04%	$2,069,553	4.37%	$5,368,059
C	2.43%	$40,067	5.54%	$1,800,258	8.99%	$1,422,930	6.53%	$3,263,255
C-	0.00%	$0	3.32%	$411,386	8.77%	$446,700	4.89%	$858,086
D	6.26%	$60,058	15.73%	$5,909,001	10.45%	$1,313,533	14.26%	$7,282,592
Unknown	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Loss by Characteristic	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
Low Doc	4.39%	$60,058	4.24%	$1,252,181	7.45%	$665,317	4.96%	$1,977,556
2-4 Unit	0.00%	$0	11.58%	$1,741,977	3.44%	$267,978	8.64%	$2,009,955
NIV	15.02%	$143,853	5.96%	$6,011,335	4.72%	$3,197,361	5.52%	$9,352,549
Non-Owner	0.00%	$0	26.37%	$1,746,116	12.50%	$1,814,994	16.25%	$3,561,110
90+ & REO as % Rem
A/A- , B, C	0.00%	0.00%	16.90%	21.10%	16.10%	26.40%	16.10%	22.10%
C- , D, NON	0.00%	52.40%	0.00%	51.00%	77.80%	41.10%	18.10%	48.30%
2-4, LOW, NIV	0.00%	52.40%	3.10%	33.40%	0.00%	23.70%	2.40%	32.70%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 1996-D
ARM Loans
	Retail		Correspondent		Broker		Total
Category	#	$	#	$	#	$	#	$
Original Pool	66	$5,555,500	2152	$213,125,555	1605	$141,157,348	3823	$359,838,403
LTV/WAC	66.39%	10.83%	69.02%	11.98%	70.62%	11.08%	69.61%	11.61%
NON/2-4	6.09%	2.10%	2.88%	6.85%	10.52%	4.75%	0.42%	0.61%
Low/NIV	32.60%	22.21%	10.03%	48.40%	3.59%	47.50%	0.29%	0.39%
A/A-	18	$1,999,200	492	$59,178,698	662	$65,757,242	1172	$126,935,140
B	17	$1,404,100	390	$44,254,537	468	$42,424,019	875	$88,082,656
C	12	$759,300	362	$32,844,117	246	$17,218,172	620	$50,821,589
C-	10	$630,000	227	$18,245,965	66	$5,052,805	303	$23,928,770
D	9	$762,900	681	$58,602,238	163	$10,705,110	853	$70,070,248
Unknown	0	$0	0	$0	0	$0	0	$0
Remaining Pool	2	$134,280	104	$7,398,067	72	$4,982,738	178	$12,515,086
LTV/WAC	65.27%	11.31%	67.20%	10.30%	71.39%	8.75%	68.85%	9.70%
A/A-	0	$0	18	$1,323,006	20	$1,539,271	38	$2,862,276
B	1	$82,026	14	$1,367,556	21	$1,551,837	36	$3,001,419
C	1	$52,254	18	$1,353,648	15	$1,020,614	34	$2,426,516
C-	0	$0	12	$541,391	1	$42,597	13	$583,988
D	0	$0	42	$2,812,466	15	$828,420	57	$3,640,886
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	97.58%	$5,421,220	96.53%	$205,727,488	96.47%	$136,174,610	96.52%	$347,323,318
Delinquency Status
CURRENT	1	$52,254	59	$4,158,047	43	$2,590,071	103	$6,800,372
30-59	0	$0	4	$254,213	6	$529,541	10	$783,754
60-89	1	$82,026	3	$405,767	2	$219,402	6	$707,195
90-119	0	$0	3	$189,771	1	$33,649	4	$223,420
120-179	0	$0	4	$255,036	1	$59,332	5	$314,368
180-269	0	$0	3	$337,762	1	$46,781	4	$384,543
270-359	0	$0	5	$315,622	2	$196,696	7	$512,318
360+	0	$0	18	$1,211,625	10	$677,101	28	$1,888,726
REO	0	$0	5	$270,223	6	$630,165	11	$900,388
90+REO	-	$0	38	$2,580,039	21	$1,643,724	59	$4,223,763
Loss To Date
% to Original Pool Balance	2.34%	$129,790	6.17%	$13,158,817	4.49%	$6,337,286	5.45%	$19,625,893
Severity	45.49%		45.60%		46.76%		45.97%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.00%	$0	2.86%	$1,694,782	2.28%	$1,497,362	2.51%	$3,192,144
B	1.58%	$22,168	3.00%	$1,327,250	4.84%	$2,051,348	3.86%	$3,400,766
C	-0.02%	($177)	7.42%	$2,438,224	10.02%	$1,725,209	8.19%	$4,163,256
C-	12.16%	$76,618	6.37%	$1,162,536	4.27%	$215,892	6.08%	$1,455,046
D	4.09%	$31,181	11.15%	$6,536,025	7.92%	$847,475	10.58%	$7,414,681
Unknown	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Loss by Characteristic	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
Low Doc	5.94%	$107,622	8.43%	$1,803,344	9.05%	$458,314	8.38%	$2,369,280
2-4 Unit	0.00%	$0	8.83%	$1,288,461	10.59%	$709,922	9.33%	$1,998,383
NIV	0.00%	$0	7.12%	$7,346,037	4.12%	$2,764,614	5.90%	$10,110,651
Non-Owner	6.55%	$22,168	27.59%	$1,691,968	11.67%	$1,733,356	16.17%	$3,447,492
90+ & REO as % Rem
A/A- , B, C	0.00%	0.00%	0.00%	22.10%	33.50%	24.00%	18.00%	22.50%
C- , D, NON	0.00%	0.00%	34.50%	52.30%	0.00%	32.60%	32.00%	47.90%
2-4, LOW, NIV	0.00%	0.00%	19.00%	16.00%	0.00%	74.00%	10.80%	21.70%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 1996-C
ARM Loans
	Retail		Correspondent		Broker		Total
Category	#	$	#	$	#	$	#	$
Original Pool	84	$5,862,900	1999	$193,218,828	1686	$152,754,479	3769	$351,836,207
LTV/WAC	66.20%	11.50%	67.62%	11.97%	70.30%	11.26%	68.76%	11.65%
NON/2-4	3.87%	5.21%	5.00%	6.23%	9.19%	5.54%	0.43%	0.62%
Low/NIV	25.66%	36.85%	6.81%	56.16%	0.00%	25.55%	0.30%	0.40%
A/A-	12	$1,081,000	399	$44,170,136	721	$74,376,094	1132	$119,627,230
B	24	$1,864,200	288	$30,467,922	485	$45,851,720	797	$78,183,842
C	17	$908,500	263	$25,929,755	440	$30,104,715	720	$56,942,970
C-	9	$667,100	312	$27,086,703	7	$331,300	328	$28,085,103
D	22	$1,342,100	737	$65,564,312	33	$2,090,650	792	$68,997,062
Unknown	0	$0	0	$0	0	$0	0	$0
Remaining Pool	5	$243,507	82	$7,405,609	66	$4,291,833	153	$11,940,948
LTV/WAC	63.15%	11.78%	68.14%	11.11%	70.97%	9.93%	69.06%	10.70%
A/A-	3	$189,120	13	$1,418,619	27	$1,877,714	43	$3,485,454
B	0	$0	10	$1,009,768	19	$1,360,719	29	$2,370,487
C	0	$0	15	$1,412,442	16	$823,852	31	$2,236,294
C-	0	$0	14	$1,370,503	1	$58,342	15	$1,428,845
D	2	$54,387	30	$2,194,277	3	$171,206	35	$2,419,869
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	95.85%	$5,619,393	96.17%	$185,813,219	97.19%	$148,462,646	96.61%	$339,895,258
Delinquency Status
CURRENT	4	$218,142	53	$4,777,794	48	$3,083,626	105	$8,079,562
30-59	0	$0	1	$190,128	3	$274,872	4	$465,000
60-89	1	$25,365	2	$292,496	2	$73,941	5	$391,802
90-119	0	$0	1	$47,395	2	$61,270	3	$108,665
120-179	0	$0	2	$120,869	2	$181,790	4	$302,659
180-269	0	$0	1	$142,512	1	$118,527	2	$261,039
270-359	0	$0	3	$178,429	0	$0	3	$178,429
360+	0	$0	17	$1,427,058	6	$381,655	23	$1,808,713
REO	0	$0	2	$228,928	2	$116,152	4	$345,080
90+REO	-	$0	26	$2,145,191	13	$859,394	39	$3,004,585
Loss To Date
% to Original Pool Balance	1.55%	$90,764	6.72%	$12,983,627	5.01%	$7,652,494	5.89%	$20,726,885
Severity	31.05%		48.93%		48.87%		48.78%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.00%	$0	2.55%	$1,126,077	3.21%	$2,388,430	2.94%	$3,514,507
B	0.00%	$0	3.23%	$983,892	4.05%	$1,854,873	3.63%	$2,838,765
C	9.88%	$89,742	4.16%	$1,077,937	9.85%	$2,964,321	7.26%	$4,132,000
C-	0.15%	$1,022	5.84%	$1,583,192	24.36%	$80,699	5.93%	$1,664,913
D	0.00%	$0	12.53%	$8,212,530	17.42%	$364,171	12.43%	$8,576,701
Unknown	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Loss by Characteristic	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
Low Doc	0.00%	$0	9.21%	$1,211,842	0.00%	$0	8.26%	$1,211,842
2-4 Unit	0.00%	$0	10.87%	$1,309,154	11.69%	$989,231	11.04%	$2,298,385
NIV	1.96%	$42,373	7.58%	$8,221,372	2.31%	$901,819	6.12%	$9,165,564
Non-Owner	21.32%	$48,392	24.55%	$2,370,888	8.30%	$1,164,434	14.98%	$3,583,714
90+ & REO as % Rem
A/A- , B, C	0.00%	0.00%	28.20%	21.80%	12.70%	7.00%	18.30%	13.30%
C- , D, NON	0.00%	0.00%	12.60%	58.60%	0.00%	87.00%	12.10%	59.30%
2-4, LOW, NIV	0.00%	0.00%	21.70%	36.80%	0.00%	0.00%	14.30%	30.10%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 1996-B
ARM Loans
	Retail		Correspondent		Broker		Total
Category	#	$	#	$	#	$	#	$
Original Pool	44	$3,478,600	1885	$179,551,230	0	$0	1929	$183,029,830
LTV/WAC	63.94%	11.44%	66.52%	12.11%	0.00%	0.00%	66.47%	12.10%
NON/2-4	15.55%	17.95%	3.38%	5.52%	0.00%	0.00%	0.83%	1.20%
Low/NIV	31.96%	24.24%	8.24%	49.54%	0.00%	0.00%	0.57%	0.77%
A/A-	8	$962,800	264	$32,906,858	0	$0	272	$33,869,658
B	9	$872,400	213	$24,982,910	0	$0	222	$25,855,310
C	10	$610,200	338	$32,813,845	0	$0	348	$33,424,045
C-	2	$95,800	220	$19,433,310	0	$0	222	$19,529,110
D	15	$937,400	850	$69,414,307	0	$0	865	$70,351,707
Unknown	0	$0	0	$0	0	$0	0	$0
Remaining Pool	2	$95,098	83	$5,690,715	0	$0	85	$5,785,813
LTV/WAC	67.43%	12.95%	63.69%	11.99%	0.00%	0.00%	63.76%	12.01%
A/A-	0	$0	7	$451,617	0	$0	7	$451,617
B	0	$0	6	$576,398	0	$0	6	$576,398
C	1	$37,400	13	$590,742	0	$0	14	$628,142
C-	1	$57,698	11	$592,022	0	$0	12	$649,720
D	0	$0	46	$3,479,937	0	$0	46	$3,479,937
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	97.27%	$3,383,502	96.83%	$173,860,515	0.00%	$0	96.84%	$177,244,017
Delinquency Status
CURRENT	0	$0	51	$3,051,009	0	$0	51	$3,051,009
30-59	0	$0	6	$332,595	0	$0	6	$332,595
60-89	0	$0	2	$267,398	0	$0	2	$267,398
90-119	0	$0	1	$33,595	0	$0	1	$33,595
120-179	0	$0	3	$286,767	0	$0	3	$286,767
180-269	0	$0	0	$0	0	$0	0	$0
270-359	0	$0	1	$47,605	0	$0	1	$47,605
360+	2	$95,098	14	$1,427,728	0	$0	16	$1,522,826
REO	0	$0	5	$244,017	0	$0	5	$244,017
90+REO	2	$95,098	24	$2,039,712	-	$0	26	$2,134,810
Loss To Date
% to Original Pool Balance	1.98%	$68,915	5.63%	$10,107,779	0.00%	$0	5.56%	$10,176,694
Severity	51.24%		45.30%		0.00%		45.33%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.00%	$0	2.35%	$771,757	0.00%	$0	2.28%	$771,757
B	0.00%	$0	4.54%	$1,133,140	0.00%	$0	4.38%	$1,133,140
C	0.00%	$0	4.31%	$1,413,095	0.00%	$0	4.23%	$1,413,095
C-	0.00%	$0	6.05%	$1,176,360	0.00%	$0	6.02%	$1,176,360
D	7.35%	$68,915	8.09%	$5,613,427	0.00%	$0	8.08%	$5,682,342
Unknown	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
Loss by Characteristic	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
Low Doc	6.20%	$68,915	8.23%	$1,216,725	0.00%	$0	8.09%	$1,285,640
2-4 Unit	8.53%	$53,281	8.80%	$872,805	0.00%	$0	8.79%	$926,086
NIV	0.00%	$0	5.54%	$4,926,598	0.00%	$0	5.49%	$4,926,598
Non-Owner	0.00%	$0	29.24%	$1,773,475	0.00%	$0	26.85%	$1,773,475
90+ & REO as % Rem
A/A- , B, C	0.00%	0.00%	0.00%	10.80%	0.00%	0.00%	0.00%	10.80%
C- , D, NON	100.00%	0.00%	31.30%	48.10%	0.00%	0.00%	37.40%	48.10%
2-4, LOW, NIV	100.00%	100.00%	13.20%	51.20%	0.00%	0.00%	18.90%	60.20%
As of: January 2004