Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2002-2
Fixed Rate Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	1152	$120,461,307	0	$0	648	$107,255,771	523	$60,282,656	2323	$287,999,734
LTV/WAC	76.39%	7.90%	0.00%	0.00%	78.22%	7.72%	74.86%	7.34%	76.75%	7.72%
NON/2-4	4.95%	6.66%	0.00%	0.00%	6.52%	6.82%	11.18%	7.76%	6.84%	6.95%
Low/NIV	0.69%	8.83%	0.00%	0.00%	3.10%	31.30%	1.11%	17.87%	1.67%	19.09%
A/A-	834	$98,647,771	0	$0	561	$94,643,376	427	$50,356,174	1822	$243,647,321
B	175	$13,666,645	0	$0	71	$10,010,670	55	$5,716,741	301	$29,394,056
C	73	$4,562,751	0	$0	11	$1,594,650	18	$1,872,208	102	$8,029,609
C-	10	$550,790	0	$0	5	$1,007,075	20	$2,170,584	35	$3,728,449
D	60	$3,033,350	0	$0	0	$0	3	$166,949	63	$3,200,299
Remaining	903	$87,690,289	0	$0	460	$71,155,951	450	$49,482,035	1,813	$208,328,275
LTV/WAC	77.05%	7.82%	0.00%	0.00%	78.43%	7.70%	74.64%	7.28%	76.95%	7.65%
A/A-	666	$73,223,148	0	$0	410	$64,739,913	370	$41,628,784	1446	$179,591,845
B	138	$9,528,331	0	$0	43	$5,312,243	43	$4,267,566	224	$19,108,140
C	57	$3,352,890	0	$0	6	$870,826	15	$1,330,081	78	$5,553,797
C-	8	$336,125	0	$0	1	$232,969	19	$2,090,096	28	$2,659,190
D	34	$1,249,795	0	$0	0	$0	3	$165,509	37	$1,415,304
Paid Off	25.54%	$30,765,260	0.00%	$0	32.73%	$35,102,118	16.21%	$9,771,032	26.26%	$75,638,410
Status
CURRENT	826	$82,010,696	0	$0	432	$66,656,887	426	$46,909,658	1684	$195,577,241
30-59	22	$1,824,789	0	$0	7	$1,564,965	15	$1,417,633	44	$4,807,387
60-89	10	$825,801	0	$0	3	$665,717	5	$659,385	18	$2,150,903
90-119	9	$774,443	0	$0	2	$166,672	0	$0	11	$941,115
120-219	10	$739,008	0	$0	4	$504,825	1	$55,754	15	$1,299,587
180-269	10	$510,534	0	$0	3	$550,596	0	$0	13	$1,061,130
270-359	9	$631,921	0	$0	2	$219,422	1	$295,310	12	$1,146,653
360+	5	$238,198	0	$0	1	$225,625	0	$0	6	$463,823
REO	2	$134,899	0	$0	6	$601,244	2	$144,295	10	$880,437
90+REO	45	$3,029,003	0	$0	18	$2,268,383	4	$495,359	67	$5,792,745
Loss To Date
% to Original	0.04%	$53,910	0.00%	$0	0.00%	$0	0.00%	$0	0.02%	$53,910
Severity	33.71%		0.00%		0.00%		0.00%		33.71%
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	0.27%	$37,501	0.00%	$0	0.00%	$0	0.00%	$0	0.13%	$37,501
C	0.36%	$16,408	0.00%	$0	0.00%	$0	0.00%	$0	0.62%	$16,408
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	1.78%	7.99%	0.00%	0.00%	2.99%	5.05%	0.13%	3.46%	1.83%	6.16%
C- , D, NON	0.00%	30.47%	0.00%	0.00%	0.00%	0.00%	14.13%	0.00%	11.11%	26.90%
2-4, LOW , NIV	1.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.46%	0.00%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2002-1
Fixed Rate Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	1140	$85,636,693	0	$0	369	$46,499,881	293	$26,375,625	1802	$158,512,199
LTV/WAC	73.28%	9.48%	0.00%	0.00%	73.49%	9.14%	75.53%	9.02%	73.71%	9.31%
NON/2-4	5.70%	5.93%	0.00%	0.00%	8.27%	9.29%	7.33%	5.29%	6.73%	6.81%
Low/NIV	1.66%	15.11%	0.00%	0.00%	2.36%	21.12%	1.85%	14.77%	1.90%	16.82%
A/A-	574	$49,410,468	0	$0	256	$33,619,049	171	$16,039,675	1001	$99,069,192
B	328	$23,247,537	0	$0	81	$9,061,832	78	$6,634,200	487	$38,943,569
C	184	$10,369,660	0	$0	20	$2,214,400	26	$2,059,890	230	$14,643,950
C-	7	$346,800	0	$0	8	$873,600	17	$1,551,860	32	$2,772,260
D	47	$2,262,228	0	$0	4	$731,000	1	$90,000	52	$3,083,228
Remaining	720	$44,676,967	0	$0	215	$21,625,892	179	$13,785,671	1,114	$80,088,530
LTV/WAC	74.15%	9.60%	0.00%	0.00%	73.99%	9.36%	76.66%	9.02%	74.54%	9.44%
A/A-	355	$24,409,272	0	$0	149	$15,519,613	112	$8,940,495	616	$48,869,380
B	204	$12,808,884	0	$0	48	$4,264,442	43	$3,111,906	295	$20,185,232
C	121	$5,799,465	0	$0	13	$1,406,333	18	$1,329,775	152	$8,535,573
C-	5	$192,660	0	$0	5	$435,505	6	$403,495	16	$1,031,659
D	35	$1,466,686	0	$0	0	$0	0	$0	35	$1,466,686
Paid Off	44.03%	$37,704,063	0.00%	$0	51.52%	$23,954,833	43.58%	$11,494,785	46.15%	$73,153,681
Status
CURRENT	600	$38,111,548	0	$0	180	$19,198,944	154	$12,091,544	934	$69,402,036
30-59	32	$1,794,113	0	$0	10	$927,373	6	$424,494	48	$3,145,980
60-89	7	$447,371	0	$0	5	$234,305	5	$412,993	17	$1,094,669
90-119	11	$626,961	0	$0	4	$193,620	3	$254,415	18	$1,074,996
120-219	8	$481,080	0	$0	4	$305,336	0	$0	12	$786,416
180-269	19	$958,727	0	$0	4	$307,292	5	$309,038	28	$1,575,057
270-359	6	$467,794	0	$0	5	$299,516	1	$43,916	12	$811,227
360+	16	$804,305	0	$0	1	$25,818	3	$131,017	20	$961,140
REO	21	$985,068	0	$0	2	$133,688	2	$118,252	25	$1,237,008
90+REO	81	$4,323,935	-	$0	20	$1,265,270	14	$856,640	115	$6,445,845
Loss To Date
% to Original	0.21%	$176,471	0.00%	$0	0.11%	$50,375	0.62%	$162,629	0.25%	$389,474
Severity	33.73%		0.00%		108.30%		18.39%		26.79%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	0.09%	$45,955	0.00%	$0	0.15%	$50,375	0.00%	$0	0.10%	$96,330
B	0.27%	$62,078	0.00%	$0	0.00%	$0	0.28%	$18,695	0.21%	$80,773
C	0.30%	$31,022	0.00%	$0	0.00%	$0	4.45%	$17,966	4.75%	$48,988
C-	0.00%	$0	0.00%	$0	0.00%	$0	8.12%	$125,968	4.54%	$125,968
D	1.65%	$37,415	0.00%	$0	0.00%	$0	0.00%	$0	1.21%	$37,415
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	0.74%	$37,415	0.00%	$0	0.00%	$0	0.00%	$104,501	1.31%	$141,916
NIV	0.14%	$18,287	0.00%	$0	0.29%	$28,832	0.00%	$5,767	0.20%	$52,886
Non-Owner	0.64%	$31,175	0.00%	$0	0.00%	$0	0.00%	$0	0.29%	$31,175
90+ & REO
A/A-, B , C	4.87%	12.82%	0.00%	0.00%	5.07%	5.62%	3.70%	7.10%	4.72%	10.42%
C- , D, NON	0.00%	31.68%	0.00%	0.00%	31.68%	0.00%	24.32%	0.00%	22.89%	31.68%
2-4, LOW , NIV	16.52%	11.54%	0.00%	0.00%	8.39%	9.98%	0.00%	0.00%	12.50%	7.67%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2001-4
Fixed Rate Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	1658	$134,443,244	0	$0	438	$56,544,013	254	$27,095,080	2350	$218,082,337
LTV/WAC	74.60%	9.43%	0.00%	0.00%	75.16%	8.98%	77.77%	8.98%	75.14%	9.25%
NON/2-4	6.22%	7.91%	0.00%	0.00%	5.41%	7.02%	4.95%	6.66%	5.85%	7.52%
Low/NIV	1.61%	9.96%	0.00%	0.00%	1.21%	21.96%	1.06%	13.27%	1.43%	13.48%
A/A-	885	$82,416,755	0	$0	300	$41,418,324	168	$17,625,560	1353	$141,460,639
B	440	$32,107,231	0	$0	96	$10,852,155	52	$5,737,720	588	$48,697,106
C	263	$16,646,585	0	$0	33	$3,247,934	15	$1,283,250	311	$21,177,769
C-	12	$823,404	0	$0	8	$986,400	18	$2,387,050	38	$4,196,854
D	58	$2,449,269	0	$0	1	$39,200	1	$61,500	60	$2,549,969
Remaining	827	$56,867,528	0	$0	168	$17,959,284	135	$11,389,548	1,130	$86,216,360
LTV/WAC	75.74%	9.44%	0.00%	0.00%	75.27%	9.13%	79.95%	9.04%	76.20%	9.32%
A/A-	438	$34,043,187	0	$0	110	$13,018,246	90	$7,207,317	638	$54,268,751
B	229	$14,281,402	0	$0	40	$3,376,521	23	$2,201,960	292	$19,859,884
C	128	$7,097,902	0	$0	12	$796,293	9	$670,895	149	$8,565,090
C-	8	$498,577	0	$0	5	$729,505	12	$1,251,542	25	$2,479,624
D	24	$946,459	0	$0	1	$38,718	1	$57,835	26	$1,043,012
Paid Off	56.39%	$75,809,949	0.00%	$0	67.54%	$38,189,706	56.79%	$15,387,810	59.33%	$129,387,465
Status
CURRENT	668	$45,462,378	0	$0	147	$16,352,051	120	$10,098,975	935	$71,913,405
30-59	30	$1,975,389	0	$0	4	$212,425	3	$277,039	37	$2,464,853
60-89	17	$1,347,525	0	$0	3	$76,684	1	$68,839	21	$1,493,048
90-119	8	$543,705	0	$0	4	$513,216	1	$76,927	13	$1,133,848
120-219	23	$1,934,760	0	$0	2	$296,107	3	$165,901	28	$2,396,768
180-269	23	$1,509,517	0	$0	2	$91,927	4	$372,728	29	$1,974,172
270-359	14	$1,054,813	0	$0	1	$89,523	2	$256,133	17	$1,400,469
360+	23	$1,843,073	0	$0	3	$228,328	1	$73,007	27	$2,144,408
REO	21	$1,196,367	0	$0	2	$99,023	0	$0	23	$1,295,390
90+REO	112	$8,082,236	-	$0	14	$1,318,124	11	$944,695	137	$10,345,055
Loss To Date
% to Original	1.10%	$1,474,529	0.00%	$0	0.70%	$397,626	0.22%	$59,148	0.89%	$1,931,303
Severity	48.94%		0.00%		47.06%		36.01%		48.02%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	0.31%	$255,384	0.00%	$0	0.75%	$309,536	0.04%	$7,717	0.40%	$572,637
B	1.93%	$620,376	0.00%	$0	0.81%	$88,091	0.90%	$51,431	1.56%	$759,898
C	3.12%	$519,882	0.00%	$0	0.00%	$0	0.00%	$0	20.97%	$519,882
C-	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
D	3.22%	$78,886	0.00%	$0	0.00%	$0	0.00%	$0	3.09%	$78,886
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	1.13%	$24,455	0.00%	$0	0.00%	$0	0.00%	$0	0.78%	$24,455
2-4 Unit	1.04%	$110,737	0.00%	$0	3.51%	$139,159	0.00%	$0	1.52%	$249,896
NIV	0.92%	$123,307	0.00%	$0	2.12%	$263,686	0.00%	$7,717	1.34%	$394,710
Non-Owner	1.43%	$119,351	0.00%	$0	2.17%	$66,456	0.00%	$0	1.46%	$185,806
90+ & REO
A/A-, B , C	9.43%	16.29%	0.00%	0.00%	6.86%	9.53%	4.17%	20.83%	8.11%	15.64%
C- , D, NON	68.43%	19.83%	0.00%	0.00%	3.27%	0.00%	9.01%	0.00%	19.27%	18.00%
2-4, LOW , NIV	13.61%	0.00%	0.00%	0.00%	13.78%	20.30%	0.00%	30.43%	12.26%	7.40%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2001-3
Fixed Rate Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	1395	$111,648,181	2	$279,500	352	$39,301,566	235	$20,355,325	1984	$171,584,572
LTV/WAC	74.69%	10.03%	58.73%	8.55%	73.06%	9.57%	76.66%	9.81%	74.52%	9.89%
NON/2-4	7.06%	7.36%	0.00%	0.00%	5.72%	8.43%	5.28%	7.55%	6.53%	7.62%
Low/NIV	2.50%	13.39%	0.00%	0.00%	2.38%	27.08%	3.26%	15.31%	2.56%	16.74%
A/A-	608	$57,188,546	1	$223,500	224	$29,685,780	118	$10,478,280	951	$97,576,106
B	467	$35,923,250	1	$56,000	86	$7,065,657	79	$6,609,645	633	49654552
C	238	$13,892,710	0	$0	36	$2,310,129	22	$1,765,200	443	17968039
C-	44	$2,261,115	0	$0	3	$148,250	11	$1,111,500	306	3520865
D	38	$2,382,560	0	$0	3	$91,750	5	$390,700	153	$2,865,010
Remaining	681	$45,943,448	0	$0	137	$10,827,948	119	$9,520,587	937	$66,291,983
LTV/WAC	75.81%	10.18%	0.00%	0.00%	73.02%	10.02%	78.05%	9.67%	75.68%	10.08%
A/A-	298	$22,658,556	0	$0	81	$7,681,106	64	$5,133,734	443	$35,473,396
B	231	$16,411,618	0	$0	36	$2,165,228	39	$3,068,203	306	$21,645,050
C	125	$5,673,808	0	$0	18	$877,734	10	$723,272	153	$7,274,814
C-	17	$715,616	0	$0	1	$77,946	3	$397,134	21	$1,190,696
D	10	$483,850	0	$0	1	$25,934	3	$198,244	14	$708,028
Paid Off	57.73%	$64,452,826	100.00%	$279,500	71.38%	$28,053,908	51.79%	$10,541,860	60.22%	$103,328,094
Status
CURRENT	489	$31,159,178	0	$0	105	$9,055,878	98	$7,934,298	692	$48,149,354
30-59	26	$2,676,425	0	$0	4	$219,153	4	$364,181	34	$3,259,759
60-89	21	$1,463,613	0	$0	6	$410,378	3	$184,252	30	$2,058,243
90-119	12	$923,192	0	$0	1	$63,290	2	$210,468	15	$1,196,949
220-229	23	$1,728,026	0	$0	4	$246,943	1	$42,608	28	$2,017,577
180-269	25	$2,277,398	0	$0	4	$233,991	4	$352,296	33	$2,863,685
270-359	17	$1,385,363	0	$0	2	$108,945	0	$0	19	$1,494,308
360+	45	$2,710,222	0	$0	8	$402,352	3	$228,022	56	$3,340,595
REO	23	$1,620,033	0	$0	3	$87,018	4	$204,463	30	$1,911,514
90+REO	145	$10,644,233	-	$0	22	$1,142,539	14	$1,037,856	181	$12,824,627
Loss To Date
% to Original	2.39%	$2,663,596	0.00%	$0	1.31%	$516,210	2.01%	$410,136	2.09%	$3,589,942
Severity	59.18%		0.00%		64.11%		43.18%		57.38%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	1.02%	$583,528	0.00%	$0	1.14%	$337,848	0.09%	$9,427	0.95%	$930,803
B	3.22%	$1,155,889	0.00%	$0	2.52%	$178,362	5.09%	$336,105	3.36%	$1,670,356
C	4.40%	$611,397	0.00%	$0	0.00%	$0	1.49%	$26,237	3.55%	$637,634
C-	5.48%	$123,802	0.00%	$0	0.00%	$0	3.45%	$38,366	4.61%	$162,168
D	7.93%	$188,980	0.00%	$0	0.00%	$0	0.00%	$0	6.60%	$188,980
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	0.00%	$67,941	0.00%	$0	0.00%	$0	0.02%	$40,379	0.00%	$108,320
2-4 Unit	4.38%	$359,726	0.00%	$0	4.09%	$135,459	0.00%	$94,698	4.51%	$589,883
NIV	0.00%	$586,263	0.00%	$0	0.00%	$24,549	0.32%	$196,145	0.00%	$806,957
Non-Owner	5.09%	$401,762	0.00%	$0	5.04%	$113,403	0.00%	$0	4.60%	$515,165
90+ & REO
A/A-, B , C	18.30%	23.81%	0.00%	0.00%	7.45%	10.52%	7.35%	10.13%	14.37%	20.54%
C- , D, NON	21.97%	55.19%	0.00%	0.00%	0.00%	100.00%	0.00%	47.24%	13.21%	54.61%
2-4, LOW , NIV	10.95%	48.26%	0.00%	0.00%	8.32%	100.00%	19.87%	0.00%	11.33%	44.15%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2001-2
Fixed Rate Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	1248	$92,490,947	2	$203,050	284	$28,856,943	157	$14,005,470	1691	$135,556,410
LTV/WAC	74.64%	10.36%	73.89%	12.67%	71.61%	9.94%	78.28%	10.14%	74.37%	10.25%
NON/2-4	9.25%	8.00%	0.00%	0.00%	4.89%	8.75%	7.17%	4.47%	8.10%	7.79%
Low/NIV	8.14%	11.12%	0.00%	57.25%	2.02%	23.91%	3.48%	18.48%	6.34%	14.67%
A/A-	527	$44,979,707	0	$0	164	$19,459,651	79	$6,705,595	770	$71,144,953
B	418	$31,647,495	2	$203,050	83	$6,831,995	49	$4,705,550	552	$43,388,090
C	225	$11,828,180	0	$0	30	$2,223,272	20	$1,561,020	275	$15,612,472
C-	37	$2,071,760	0	$0	2	$89,450	5	$549,375	44	$2,710,585
D	41	$1,963,805	0	$0	5	$252,575	4	$483,930	50	$2,700,310
Remaining	581	$35,844,825	0	$0	118	$10,297,379	80	$5,924,713	779	$52,066,918
LTV/WAC	75.60%	10.50%	0.00%	0.00%	73.23%	10.18%	80.17%	9.91%	75.65%	10.37%
A/A-	249	$17,649,594	0	$0	64	$6,651,361	46	$3,561,978	359	$27,862,932
B	189	$11,719,354	0	$0	35	$2,458,425	23	$1,569,978	247	$15,747,757
C	108	$4,700,846	0	$0	15	$1,028,097	11	$792,758	134	$6,521,700
C-	14	$810,484	0	$0	2	$84,334	0	$0	16	$894,819
D	21	$964,547	0	$0	2	$75,163	0	$0	23	$1,039,710
Paid Off	60.04%	$55,535,912	100.00%	$203,050	63.36%	$18,283,421	55.99%	$7,841,425	60.39%	$81,863,808
Status
CURRENT	392	$23,737,785	0	$0	93	$8,084,212	68	$4,938,875	553	$36,760,872
30-59	36	$2,832,299	0	$0	2	$166,037	3	$271,324	41	$3,269,659
60-89	11	$496,783	0	$0	0	$0	3	$179,469	14	$676,252
90-119	17	$1,162,061	0	$0	1	$30,125	0	$0	18	$1,192,186
170-179	14	$711,367	0	$0	3	$164,078	1	$196,450	18	$1,071,894
180-269	12	$710,303	0	$0	5	$332,006	1	$26,421	18	$1,068,730
270-359	8	$391,080	0	$0	2	$112,713	0	$0	10	$503,793
360+	62	$3,882,302	0	$0	4	$331,529	2	$178,653	68	$4,392,485
REO	29	$1,920,846	0	$0	8	$1,076,679	2	$133,521	39	$3,131,046
90+REO	142	$8,777,959	-	$0	23	$2,047,130	6	$535,046	171	$11,360,135
Loss To Date
% to Original	3.56%	$3,292,740	0.00%	$0	2.55%	$737,171	0.31%	$43,643	3.01%	$4,073,553
Severity	71.26%		0.00%		57.23%		14.74%		65.65%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	1.89%	$849,174	0.00%	$0	1.44%	$280,592	0.00%	$0	1.59%	$1,129,766
B	3.95%	$1,250,817	0.00%	$0	4.63%	$316,008	0.89%	$42,080	3.71%	$1,608,904
C	8.00%	$946,775	0.00%	$0	5.39%	$119,943	0.00%	$0	6.83%	$1,066,718
C-	9.11%	$188,741	0.00%	$0	0.00%	$0	0.28%	$1,563	7.02%	$190,304
D	2.91%	$57,233	0.00%	$0	8.17%	$20,627	0.00%	$0	2.88%	$77,861
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	0.01%	$342,759	0.00%	$0	0.00%	$0	0.00%	$0	0.01%	$342,759
2-4 Unit	3.73%	$276,275	0.00%	$0	11.00%	$277,562	0.00%	$0	4.96%	$523,915
NIV	0.00%	$391,596	0.00%	$0	0.00%	$79,974	0.00%	$0	0.00%	$519,575
Non-Owner	5.76%	$492,579	0.00%	$0	0.00%	$0	0.24%	$26,996	4.73%	$519,575
90+ & REO
A/A-, B , C	13.23%	29.14%	0.00%	0.00%	21.53%	18.30%	6.83%	7.21%	14.40%	25.26%
C- , D, NON	44.21%	64.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	40.05%	59.85%
2-4, LOW , NIV	28.33%	8.99%	0.00%	0.00%	34.87%	63.69%	0.00%	48.17%	27.71%	15.47%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2001-1
Fixed Rate Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	1489	$103,942,224	5	$622,719	263	$20,388,790	143	$12,506,050	1900	$137,459,783
LTV/WAC	73.48%	10.70%	72.14%	11.09%	72.26%	11.23%	77.81%	11.07%	73.69%	10.81%
NON/2-4	6.62%	5.66%	8.86%	0.00%	9.62%	16.13%	16.03%	4.87%	7.93%	7.12%
Low/NIV	9.59%	5.08%	0.00%	100.00%	0.77%	27.44%	2.85%	15.93%	7.62%	9.82%
A/A-	538	$44,930,739	5	$622,719	150	$12,696,659	64	$5,938,200	757	$64,188,317
B	518	$36,051,872	0	$0	72	$5,306,830	38	$3,439,500	628	$44,798,202
C	303	$16,596,015	0	$0	32	$1,938,751	29	$2,154,225	364	$20,688,991
C-	72	$3,436,288	0	$0	5	$251,450	10	$856,125	87	$4,543,863
D	58	$2,927,310	0	$0	4	$195,100	2	$118,000	64	$3,240,410
Remaining	584	$35,183,726	1	$54,359	113	$7,142,408	55	$4,220,059	753	$46,600,551
LTV/WAC	74.98%	10.74%	78.90%	12.05%	75.03%	11.67%	76.70%	11.23%	75.15%	10.93%
A/A-	209	$14,709,953	1	$54,359	61	$3,801,607	20	$1,543,057	291	$20,108,976
B	210	$12,633,498	0	$0	33	$2,411,317	18	$1,334,310	261	$16,379,124
C	120	$6,031,694	0	$0	14	$703,593	14	$1,007,169	148	$7,742,455
C-	30	$1,142,400	0	$0	3	$128,672	3	$335,523	36	$1,606,594
D	15	$666,182	0	$0	2	$97,219	0	$0	17	$763,401
Paid Off	64.93%	$67,493,400	91.14%	$567,519	64.10%	$13,070,214	65.33%	$8,169,775	64.97%	$89,300,908
Status
CURRENT	394	$23,488,979	1	$54,359	83	$5,318,676	42	$3,345,286	520	$32,207,300
30-59	32	$1,783,796	0	$0	6	$358,791	3	$136,501	41	$2,279,088
60-89	24	$1,233,034	0	$0	3	$158,062	2	$128,130	29	$1,519,226
90-119	7	$375,120	0	$0	3	$184,414	1	$40,782	11	$600,316
120-179	16	$1,182,203	0	$0	3	$128,855	0	$0	19	$1,311,059
180-269	17	$1,282,815	0	$0	3	$278,817	0	$0	20	$1,561,632
270-359	16	$1,315,862	0	$0	2	$102,151	1	$214,973	19	$1,632,986
360+	42	$2,325,948	0	$0	5	$310,765	4	$267,021	51	$2,903,734
REO	36	$2,195,969	0	$0	5	$301,876	2	$87,366	43	$2,585,211
90+REO	134	$8,677,917	-	$0	21	$1,306,879	8	$610,142	163	$10,594,938
Loss To Date
% to Original	4.49%	$4,664,448	0.00%	$0	3.65%	$743,328	3.39%	$423,830	4.24%	$5,831,606
Severity	68.72%		0.00%		78.02%		35.92%		65.37%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	3.19%	$1,431,842	0.00%	$0	3.17%	$402,625	0.95%	$56,563	2.95%	$1,891,031
B	2.87%	$1,033,945	0.00%	$0	3.53%	$187,094	9.40%	$323,207	3.45%	$1,544,246
C	9.88%	$1,639,166	0.00%	$0	7.41%	$143,713	2.05%	$44,060	8.83%	$1,826,939
C-	6.23%	$213,959	0.00%	$0	3.94%	$9,895	0.00%	$0	4.93%	$223,855
D	11.80%	$345,535	0.00%	$0	0.00%	$0	0.00%	$0	10.66%	$345,535
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	4.53%	$451,515	0.00%	$0	0.00%	$0	0.00%	$0	4.31%	$451,515
2-4 Unit	8.90%	$523,915	0.00%	$0	0.00%	$0	0.00%	$0	5.35%	$523,915
NIV	4.39%	$231,790	0.00%	$0	0.49%	$27,462	0.00%	$0	1.92%	$259,252
Non-Owner	11.03%	$758,916	0.00%	$0	7.19%	$141,093	8.38%	$167,977	9.80%	$1,067,986
90+ & REO
A/A-, B , C	15.57%	25.68%	0.00%	0.00%	12.32%	26.86%	2.64%	8.85%	13.92%	24.49%
C- , D, NON	35.97%	71.02%	0.00%	0.00%	28.01%	74.45%	100.00%	0.00%	48.70%	71.45%
2-4, LOW , NIV	32.03%	8.14%	0.00%	0.00%	2.25%	0.00%	19.59%	100.00%	21.65%	9.76%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2000-2
Fixed Rate Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	1414	$104,047,486	10	$688,555	404	$30,341,148	156	$12,412,387	1984	$147,489,576
LTV/WAC	72.82%	10.84%	70.70%	11.51%	73.36%	11.27%	74.86%	10.51%	73.09%	10.91%
NON/2-4	6.91%	5.11%	0.00%	0.00%	10.74%	7.39%	3.74%	6.15%	7.40%	5.64%
Low/NIV	12.04%	4.86%	0.00%	14.35%	1.69%	22.78%	8.37%	11.13%	9.54%	9.12%
A/A-	505	$44,307,026	5	$399,800	233	$19,270,251	81	$7,162,457	824	$71,139,534
B	512	$36,184,380	1	$84,000	95	$6,413,695	46	$3,428,300	654	$46,110,375
C	288	$16,959,560	1	$52,000	56	$3,188,257	21	$1,431,800	366	$21,631,617
C-	59	$3,887,140	1	$38,500	14	$1,253,070	8	$389,830	82	$5,568,540
D	50	$2,709,380	2	$114,255	6	$215,875	0	$0	58	$3,039,510
Remaining	532	$31,506,060	7	$409,643	159	$9,660,628	58	$3,743,204	756	$45,319,536
LTV/WAC	72.97%	10.98%	71.92%	11.69%	73.07%	11.37%	77.17%	10.50%	73.33%	11.03%
A/A-	171	$11,769,207	3	$162,546	84	$5,877,384	31	$2,189,339	289	$19,998,475
B	201	$11,624,604	1	$82,210	40	$2,145,419	17	$1,059,483	259	$14,911,716
C	114	$5,609,708	1	$51,292	27	$1,349,189	7	$390,151	149	$7,400,341
C-	24	$1,377,109	0	$0	6	$218,719	3	$104,231	33	$1,700,060
D	22	$1,125,432	2	$113,595	2	$69,918	0	$0	26	$1,308,944
Paid Off	68.45%	$71,216,342	38.09%	$262,300	67.08%	$20,353,507	68.87%	$8,548,007	68.06%	$100,380,156
Status
CURRENT	359	$20,828,783	5	$296,048	116	$7,231,300	41	$2,658,422	521	$31,014,554
30-59	31	$1,769,212	0	$0	11	$897,556	4	$236,375	46	$2,903,143
60-89	8	$594,957	0	$0	3	$124,029	3	$274,963	14	$993,948
90-119	9	$454,890	0	$0	5	$236,233	1	$67,568	15	$758,690
120-179	16	$1,112,664	0	$0	3	$131,292	1	$68,886	20	$1,312,842
180-269	25	$1,298,160	0	$0	2	$82,925	1	$102,273	28	$1,483,359
270-359	18	$986,198	0	$0	3	$290,712	1	$72,453	22	$1,349,363
360+	43	$2,796,089	2	$113,595	12	$484,075	5	$220,337	62	$3,614,096
REO	23	$1,665,109	0	$0	4	$182,506	1	$41,926	28	$1,889,541
90+REO	134	$8,313,109	2	$113,595	29	$1,407,744	10	$573,444	175	$10,407,891
Loss To Date
% to Original	4.25%	$4,420,996	5.92%	$40,749	2.96%	$897,046	1.41%	$174,940	3.75%	$5,533,731
Severity	60.95%		106.24%		59.79%		54.39%		60.72%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	2.17%	$960,794	0.00%	$0	2.62%	$504,703	0.72%	$51,889	2.13%	$1,517,386
B	4.48%	$1,620,961	0.00%	$0	3.02%	$193,782	1.01%	$34,602	4.01%	$1,849,346
C	8.12%	$1,377,080	0.00%	$0	4.38%	$139,554	5.04%	$72,115	7.34%	$1,588,750
C-	3.78%	$147,102	105.84%	$40,749	0.12%	$1,469	4.19%	$16,334	3.69%	$205,654
D	11.63%	$315,059	0.00%	$0	26.65%	$57,537	0.00%	$0	12.26%	$372,596
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	2.36%	$295,653	0.00%	$0	0.00%	$0	3.90%	$40,489	2.39%	$336,141
2-4 Unit	17.23%	$915,284	0.00%	$0	3.22%	$72,185	0.00%	$0	11.87%	$987,469
NIV	5.42%	$274,005	0.00%	$0	3.46%	$239,180	0.83%	$11,400	3.90%	$524,586
Non-Owner	11.02%	$792,736	0.00%	$0	4.34%	$141,354	0.00%	$0	8.56%	$934,090
90+ & REO
A/A-, B , C	16.82%	26.52%	0.00%	0.00%	12.63%	18.01%	18.12%	0.00%	15.60%	23.26%
C- , D, NON	59.40%	42.52%	0.00%	100.00%	30.96%	0.00%	100.00%	0.00%	58.23%	45.24%
2-4, LOW , NIV	15.51%	18.12%	0.00%	0.00%	20.86%	60.35%	19.62%	10.75%	17.30%	18.37%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 2000-1
Fixed Rate Loans
	Retail		Correspondent		Broker		NLC		Total
Category	#	$	#	$	#	$	#	$	#	$
Original	2038	$142,587,670	13	$1,257,475	753	$53,086,385	161	$12,526,850	2965	$209,458,380
LTV/WAC	71.92%	10.89%	78.27%	10.55%	73.51%	11.23%	69.73%	9.99%	72.23%	10.92%
NON/2-4	7.25%	7.01%	0.00%	0.00%	7.84%	5.79%	6.64%	6.52%	7.32%	6.63%
Low/NIV	13.59%	3.39%	0.00%	0.00%	2.04%	24.11%	10.41%	11.51%	10.39%	9.11%
A/A-	675	$56,245,741	7	$618,035	393	$32,042,393	95	$7,727,950	1170	$96,634,119
B	724	$50,737,436	4	$541,440	189	$12,363,874	44	$3,231,250	961	$66,874,000
C	453	$26,494,423	1	$30,000	126	$6,477,900	17	$1,253,150	597	$34,255,473
C-	108	$4,933,450	0	$0	28	$1,415,460	5	$314,500	141	$6,663,410
D	78	$4,176,620	1	$68,000	17	$786,758	0	$0	96	$5,031,378
Remaining	711	$40,967,884	6	$388,465	292	$17,619,633	51	$3,187,295	1060	$62,163,277
LTV/WAC	72.93%	11.02%	79.36%	11.14%	74.83%	11.28%	70.23%	9.70%	73.37%	11.02%
A/A-	224	$14,824,854	2	$103,397	148	$9,981,687	35	$2,390,355	409	$27,300,292
B	255	$15,176,493	3	$255,758	74	$4,493,204	10	$345,722	342	$20,271,176
C	166	$7,986,878	1	$29,310	54	$2,479,144	6	$451,219	227	$10,946,552
C-	40	$1,588,692	0	$0	10	$393,285	0	$0	50	$1,981,977
D	26	$1,390,967	0	$0	6	$272,313	0	$0	32	$1,663,280
Paid Off	69.83%	$99,570,832	67.39%	$847,435	65.21%	$34,618,577	73.16%	$9,164,700	68.84%	$144,201,544
Status
CURRENT	504	$28,940,897	5	$310,832	196	$11,970,989	42	$2,650,024	747	$43,872,742
30-59	41	$2,381,880	0	$0	11	$747,271	3	$216,624	55	$3,345,775
60-89	16	$883,828	0	$0	7	$526,375	0	$0	23	$1,410,203
90-119	15	$985,702	0	$0	8	$422,424	0	$0	23	$1,408,126
120-179	27	$1,474,024	0	$0	15	$867,841	1	$26,661	43	$2,368,526
180-269	17	$1,275,048	0	$0	11	$511,773	1	$49,271	29	$1,836,091
270-359	14	$840,014	0	$0	6	$268,476	1	$124,550	21	$1,233,039
360+	50	$2,712,462	1	$77,633	23	$1,401,695	2	$87,910	76	$4,279,700
REO	27	$1,474,028	0	$0	15	$902,790	1	$32,256	43	$2,409,075
90+REO	150	$8,761,278	1	$77,633	78	$4,374,998	6	$320,648	235	$13,534,558
Loss To Date
% to Original	3.53%	$5,026,953	6.72%	$84,523	3.85%	$2,042,528	3.97%	$497,744	3.65%	$7,651,748
Severity	60.14%		39.50%		54.34%		72.97%		58.80%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	1.87%	$1,051,688	13.68%	$84,523	1.60%	$512,946	0.90%	$69,474	1.78%	$1,718,630
B	3.42%	$1,735,708	0.00%	$0	6.04%	$746,419	4.65%	$150,210	3.71%	$2,482,126
C	7.34%	$1,945,066	0.00%	$0	8.68%	$562,052	12.79%	$160,280	7.32%	$2,507,118
C-	1.72%	$84,733	0.00%	$0	10.43%	$147,686	37.45%	$117,781	3.49%	$232,418
D	5.02%	$209,759	0.00%	$0	9.33%	$73,427	0.00%	$0	5.63%	$283,185
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	3.18%	$615,663	0.00%	$0	9.09%	$98,371	0.00%	$0	3.28%	$714,033
2-4 Unit	7.01%	$701,231	0.00%	$0	8.61%	$264,551	0.00%	$0	6.95%	$965,781
NIV	6.20%	$300,161	0.00%	$0	2.66%	$340,734	16.77%	$241,699	4.63%	$882,594
Non-Owner	8.38%	$865,461	0.00%	$0	4.44%	$184,836	3.31%	$27,516	7.03%	$1,077,812
90+ & REO
A/A-, B , C	10.76%	24.63%	0.00%	30.35%	16.10%	31.19%	10.31%	21.48%	12.63%	26.10%
C- , D, NON	35.98%	41.93%	0.00%	0.00%	42.18%	47.61%	0.00%	0.00%	37.21%	42.86%
2-4, LOW , NIV	26.18%	17.25%	0.00%	0.00%	30.19%	51.04%	0.00%	6.12%	25.44%	18.13%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 1999-2
Fixed Rate Loans
	Retail		Correspondent		Broker		Total
Category	#	$	#	$	#	$	#	$
Original	1811	$116,997,108	60	$5,234,114	1516	$109,332,528	3387	$231,563,750
LTV/WAC	72.96%	9.92%	80.02%	10.29%	76.36%	10.45%	74.72%	10.18%
NON/2-4	6.27%	6.51%	1.26%	9.03%	8.48%	10.06%	7.20%	8.24%
Low/NIV	8.30%	11.95%	0.62%	14.93%	2.41%	28.40%	5.35%	19.78%
A/A-	984	$70,497,890	37	$3,168,293	789	$68,103,491	1810	$141,769,674
B	490	$30,793,507	17	$1,633,601	449	$27,825,744	956	$60,252,852
C	176	$8,638,866	3	$152,740	177	$8,904,623	356	$17,696,229
C-	48	$2,424,267	0	$0	21	$1,078,400	69	$3,502,667
D	106	$4,294,400	3	$279,480	79	$3,371,520	188	$7,945,400
Unknown	2	$166,000	0	$0	0	$0	2	$166,000
Remaining	553	$28,884,752	14	$1,131,660	518	$31,036,177	1085	$61,052,588
LTV/WAC	73.74%	9.81%	81.69%	10.18%	76.75%	10.44%	75.42%	10.14%
A/A-	306	$17,551,430	7	$481,454	292	$20,024,779	605	$38,057,664
B	143	$7,484,156	6	$633,172	141	$7,345,822	290	$15,463,150
C	54	$1,974,765	1	$17,033	58	$2,445,301	113	$4,437,099
C-	14	$484,624	0	$0	7	$302,582	21	$787,205
D	26	$730,979	0	$0	19	$870,065	45	$1,601,043
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	75.31%	$88,112,356	78.38%	$4,102,454	71.61%	$78,296,351	73.63%	$170,511,161
Status
CURRENT	484	$25,274,874	12	$948,647	434	$25,609,441	930	$51,832,962
30-59	8	$185,701	1	$128,386	9	$422,177	18	$736,264
60-89	8	$317,813	0	$0	7	$367,705	15	$685,518
90-119	6	$294,058	0	$0	8	$813,550	14	$1,107,608
120-179	7	$331,704	0	$0	10	$715,267	17	$1,046,971
180-269	9	$489,925	0	$0	12	$745,091	21	$1,235,016
270-359	5	$258,389	0	$0	8	$371,886	13	$630,275
360+	15	$1,208,008	0	$0	15	$1,135,277	30	$2,343,285
REO	11	$524,279	1	$54,627	15	$855,783	27	$1,434,689
90+REO	53	$3,106,363	1	$54,627	68	$4,636,854	122	$7,797,844
Loss To Date
% to Original	3.30%	$3,866,395	0.07%	$3,542	6.99%	$7,647,444	4.97%	$11,517,381
Severity	46.43%		3.66%		57.86%		53.22%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	2.30%	$1,618,054	0.45%	$14,257	4.00%	$2,727,427	3.08%	$4,359,738
B	4.87%	$1,499,336	0.00%	$0	10.18%	$2,833,849	7.19%	$4,333,185
C	3.58%	$309,013	0.00%	$0	13.61%	$1,212,222	8.60%	$1,521,235
C-	5.75%	$139,444	0.00%	$0	16.35%	$176,330	9.02%	$315,774
D	6.65%	$285,369	-3.83%	($10,716)	20.69%	$697,617	12.24%	$972,270
Unknown	9.14%	$15,178	0.00%	$0	0.00%	$0	9.14%	$15,178
Loss by Characteristic	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
Low Doc	5.77%	$560,732	0.00%	$0	10.97%	$289,461	6.87%	$850,193
2-4 Unit	7.12%	$542,155	0.00%	$0	9.09%	$999,429	8.08%	$1,541,584
NIV	3.81%	$531,951	1.82%	$14,257	7.42%	$2,304,903	6.22%	$2,851,111
Non-Owner	5.96%	$436,906	0.00%	$0	18.47%	$1,712,170	12.89%	$2,149,076
90+ & REO as % Rem
A/A- , B, C	7.80%	14.10%	11.30%	0.00%	12.40%	19.30%	10.30%	16.00%
C- , D, NON	21.10%	19.20%	0.00%	0.00%	22.50%	24.60%	21.60%	22.10%
2-4, LOW, NIV	11.60%	8.00%	38.90%	0.00%	16.10%	9.10%	14.70%	8.30%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 1999-1
Fixed Rate Loans
	Retail		Correspondent		Broker		Total
Category	#	$	#	$	#	$	#	$
Original Pool	1499	$85,404,511	18	$1,420,265	1465	$109,139,273	2982	$195,964,049
LTV/WAC	71.37%	9.77%	81.07%	10.59%	74.83%	10.00%	73.37%	9.90%
NON/2-4	4.81%	4.35%	1.97%	0.00%	7.38%	6.00%	1.03%	0.92%
Low/NIV	7.73%	16.67%	2.25%	19.08%	5.11%	27.92%	2.32%	2.87%
A/A-	831	$56,946,292	5	$686,250	765	$68,327,351	1601	$125,959,893
B	303	$14,354,928	7	$511,135	379	$26,116,580	689	$40,982,643
C	149	$6,139,900	3	$114,400	133	$6,070,379	285	$12,324,679
C-	58	$2,290,691	1	$40,500	30	$1,885,056	89	$4,216,247
D	157	$5,633,700	2	$67,980	158	$6,739,907	317	$12,441,587
Unknown	1	$39,000	0	$0	0	$0	1	$39,000
Remaining Pool	449	$20,594,782	5	$221,583	420	$27,293,030	874	$48,109,395
LTV/WAC	72.71%	9.70%	80.28%	11.14%	74.45%	9.86%	73.73%	9.80%
A/A-	252	$13,803,831	1	$91,887	227	$17,745,827	480	$31,641,545
B	103	$4,030,931	3	$98,577	106	$6,284,409	212	$10,413,917
C	39	$1,160,110	0	$0	36	$1,434,287	75	$2,594,397
C-	20	$707,918	0	$0	8	$396,816	28	$1,104,733
D	33	$803,950	1	$31,119	43	$1,431,691	77	$2,266,760
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	75.89%	$64,809,729	84.40%	$1,198,682	74.99%	$81,846,243	75.45%	$147,854,654
Delinquency Status
CURRENT	410	$18,970,519	4	$163,703	370	$24,543,727	784	$43,677,949
30-59	11	$424,005	0	$0	9	$378,521	20	$802,526
60-89	4	$260,100	0	$0	3	$179,305	7	$439,405
90-119	3	$94,218	0	$0	5	$261,276	8	$355,494
120-179	5	$112,182	1	$57,880	6	$371,470	12	$541,532
180-269	7	$268,063	0	$0	8	$423,885	15	$691,948
270-359	2	$96,487	0	$0	2	$173,968	4	$270,455
360+	4	$213,868	0	$0	8	$557,726	12	$771,594
REO	3	$155,342	0	$0	9	$403,150	12	$558,492
90+REO	24	$940,160	1	$57,880	38	$2,191,475	63	$3,189,515
Loss To Date
% to Original Pool Balance	2.97%	$2,540,487	4.74%	$67,346	5.01%	$5,470,461	4.12%	$8,078,294
Severity	51.06%		31.18%		47.17%		48.12%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	1.11%	$632,763	8.53%	$58,550	2.58%	$1,764,543	1.95%	$2,455,856
B	4.13%	$592,617	0.00%	$0	5.66%	$1,477,069	5.05%	$2,069,686
C	10.70%	$657,193	0.00%	$0	15.46%	$938,301	12.95%	$1,595,494
C-	5.47%	$125,296	0.00%	$0	13.98%	$263,542	9.22%	$388,838
D	9.45%	$532,618	12.94%	$8,795	15.24%	$1,027,006	12.61%	$1,568,419
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	8.73%	$575,857	0.00%	$0	5.61%	$312,552	7.28%	$888,409
2-4 Unit	1.98%	$73,348	0.00%	$0	4.81%	$315,259	3.79%	$388,608
NIV	4.12%	$586,356	21.61%	$58,550	6.43%	$1,958,698	5.79%	$2,603,604
Non-Owner	8.38%	$344,089	0.00%	$0	9.81%	$790,291	9.31%	$1,134,380
90+ & REO as % Rem
A/A- , B, C	2.70%	5.70%	0.00%	58.70%	5.70%	11.80%	4.40%	9.90%
C- , D, NON	6.40%	18.40%	0.00%	0.00%	0.00%	17.60%	4.10%	17.60%
2-4, LOW, NIV	0.00%	11.90%	0.00%	0.00%	0.70%	10.00%	0.50%	11.00%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 1998-C
Fixed Rate Loans
	Retail		Correspondent		Broker		Total
Category	#	$	#	$	#	$	#	$
Original Pool	3408	$195,607,000	585	$54,190,091	1855	$139,333,051	5848	$389,130,142
LTV/WAC	71.59%	9.99%	79.53%	10.20%	73.49%	9.96%	73.38%	10.01%
NON/2-4	3.95%	4.30%	0.32%	7.38%	6.82%	6.05%	0.52%	0.46%
Low/NIV	16.18%	9.48%	1.12%	18.11%	1.89%	31.25%	1.17%	1.44%
A/A-	2090	$138,443,300	350	$38,146,183	991	$89,175,620	3431	$265,765,103
B	749	$36,922,900	115	$9,019,685	522	$34,002,128	1386	$79,944,713
C	280	$10,107,200	50	$2,681,835	167	$7,890,191	497	$20,679,226
C-	115	$4,347,800	8	$525,000	35	$1,329,830	158	$6,202,630
D	171	$5,664,900	62	$3,817,388	140	$6,935,282	373	$16,417,570
Unknown	3	$120,900	0	$0	0	$0	3	$120,900
Remaining Pool	775	$34,208,115	104	$7,101,158	482	$30,899,966	1361	$72,209,239
LTV/WAC	71.88%	9.87%	78.52%	10.09%	72.87%	9.77%	72.96%	9.85%
A/A-	477	$24,225,712	67	$5,163,883	285	$21,241,046	829	$50,630,641
B	181	$6,788,282	21	$1,046,694	128	$6,805,579	330	$14,640,555
C	61	$1,675,499	8	$294,033	31	$1,301,376	100	$3,270,909
C-	26	$732,983	0	$0	13	$439,280	39	$1,172,263
D	30	$785,638	8	$596,548	25	$1,112,686	63	$2,494,872
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	82.51%	$161,398,885	86.90%	$47,088,933	77.82%	$108,433,085	81.44%	$316,920,903
Delinquency Status
CURRENT	707	$30,705,254	88	$6,078,236	426	$27,371,142	1221	$64,154,632
30-59	16	$871,495	2	$95,903	9	$391,164	27	$1,358,562
60-89	13	$563,835	2	$106,905	9	$582,781	24	$1,253,521
90-119	6	$294,957	1	$18,339	5	$204,069	12	$517,365
120-179	6	$344,635	3	$154,135	6	$315,598	15	$814,368
180-269	14	$690,658	0	$0	10	$940,965	24	$1,631,623
270-359	2	$122,960	3	$165,885	3	$146,212	8	$435,057
360+	7	$444,720	3	$376,930	11	$846,731	21	$1,668,381
REO	4	$169,601	2	$104,825	3	$101,305	9	$375,731
90+REO	39	$2,067,531	12	$820,114	38	$2,554,880	89	$5,442,525
Loss To Date
% to Original Pool Balance	2.62%	$5,120,799	5.56%	$3,013,333	6.30%	$8,777,929	4.35%	$16,912,061
Severity	50.67%		47.94%		54.36%		51.97%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	1.68%	$2,321,817	3.79%	$1,447,104	3.22%	$2,872,837	2.50%	$6,641,758
B	4.47%	$1,649,446	7.57%	$682,856	10.29%	$3,497,217	7.29%	$5,829,519
C	4.29%	$433,496	11.41%	$305,929	16.42%	$1,295,250	9.84%	$2,034,675
C-	3.99%	$173,356	22.61%	$118,724	10.39%	$138,125	6.94%	$430,205
D	9.58%	$542,684	12.02%	$458,722	14.05%	$974,500	12.04%	$1,975,906
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	4.62%	$1,461,558	0.00%	$0	15.74%	$415,204	5.38%	$1,876,762
2-4 Unit	2.84%	$238,922	21.85%	$874,090	12.19%	$1,027,852	10.27%	$2,140,865
NIV	3.04%	$563,512	3.93%	$385,579	6.45%	$2,808,325	5.23%	$3,757,416
Non-Owner	5.41%	$418,371	78.39%	$134,823	10.20%	$969,567	8.75%	$1,522,761
90+ & REO as % Rem
A/A- , B, C	4.80%	7.80%	7.60%	9.70%	5.50%	8.60%	5.40%	8.30%
C- , D, NON	0.00%	14.20%	0.00%	47.20%	14.50%	37.90%	5.40%	32.60%
2-4, LOW, NIV	4.00%	7.20%	0.00%	100.00%	1.50%	32.90%	2.30%	11.50%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 1996-D
Fixed Rate Loans
	Retail		Correspondent		Broker		Total
Category	#	$	#	$	#	$	#	$
Original Pool	2083	$101,797,500	1140	$73,521,616	1005	$67,125,278	4228	$242,444,394
LTV/WAC	66.14%	10.63%	67.99%	12.47%	66.24%	10.52%	66.73%	11.16%
NON/2-4	4.41%	3.89%	5.67%	11.69%	12.79%	8.07%	0.83%	0.74%
Low/NIV	27.33%	13.17%	6.49%	40.53%	2.14%	43.05%	1.88%	2.32%
A/A-	1071	$64,013,400	341	$25,565,407	502	$40,111,347	1914	$129,690,154
B	466	$19,390,700	214	$13,953,605	255	$15,798,924	935	$49,143,229
C	275	$9,670,000	225	$13,048,516	155	$6,955,207	655	$29,673,723
C-	119	$3,738,500	101	$5,320,519	26	$1,044,600	246	$10,103,619
D	152	$4,984,900	259	$15,633,570	67	$3,215,200	478	$23,833,670
Unknown	0	$0	0	$0	0	$0	0	$0
Remaining Pool	226	$8,715,866	98	$4,976,623	131	$6,687,305	455	$20,379,794
LTV/WAC	66.25%	9.94%	67.88%	11.45%	64.72%	10.42%	66.14%	10.47%
A/A-	121	$5,832,689	33	$1,917,833	63	$3,586,055	217	$11,336,577
B	42	$1,297,433	13	$558,890	34	$1,836,525	89	$3,692,848
C	35	$931,887	18	$909,087	22	$739,165	75	$2,580,139
C-	8	$208,927	10	$483,148	2	$91,630	20	$783,704
D	20	$444,930	24	$1,107,665	10	$433,930	54	$1,986,525
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	91.44%	$93,081,634	93.23%	$68,544,993	90.04%	$60,437,973	91.59%	$222,064,600
Delinquency Status
CURRENT	193	$7,076,128	72	$3,639,552	114	$6,203,030	379	$16,918,710
30-59	7	$399,080	2	$85,650	2	$98,895	11	$583,625
60-89	6	$158,708	2	$165,049	2	$64,322	10	$388,079
90-119	2	$29,995	2	$113,150	1	$19,659	5	$162,804
120-179	4	$216,385	2	$47,098	2	$34,066	8	$297,549
180-269	1	$21,649	2	$89,363	1	$23,079	4	$134,091
270-359	1	$111,476	3	$134,688	4	$150,940	8	$397,104
360+	11	$712,399	13	$629,863	7	$270,460	31	$1,612,722
REO	3	$109,046	3	$142,340	2	$66,880	8	$318,266
90+REO	22	$1,200,950	25	$1,156,502	17	$565,084	64	$2,922,536
Loss To Date
% to Original Pool Balance	1.02%	$1,042,790	12.54%	$9,218,031	4.78%	$3,205,550	5.55%	$13,466,371
Severity	38.02%		66.36%		54.54%		59.82%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.52%	$335,495	7.41%	$1,894,226	2.05%	$822,738	2.35%	$3,052,459
B	1.97%	$382,758	9.60%	$1,339,663	6.00%	$947,629	5.43%	$2,670,050
C	1.33%	$128,535	16.64%	$2,170,792	12.99%	$903,363	10.79%	$3,202,690
C-	1.61%	$60,331	14.19%	$754,805	9.96%	$104,080	9.10%	$919,216
D	2.72%	$135,671	19.56%	$3,058,544	13.30%	$427,741	15.20%	$3,621,956
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	1.66%	$462,319	6.99%	$333,893	5.10%	$73,328	2.55%	$869,540
2-4 Unit	3.64%	$143,947	27.75%	$2,384,799	11.65%	$631,213	17.59%	$3,159,959
NIV	0.69%	$92,704	9.98%	$2,974,584	6.33%	$1,830,376	6.79%	$4,897,664
Non-Owner	4.98%	$223,246	53.74%	$2,240,854	11.20%	$961,701	19.87%	$3,425,801
90+ & REO as % Rem
A/A- , B, C	11.20%	12.30%	14.20%	0.00%	6.00%	8.00%	10.10%	8.30%
C- , D, NON	14.90%	37.50%	14.30%	47.80%	33.90%	11.70%	16.80%	37.60%
2-4, LOW, NIV	23.10%	11.40%	26.00%	63.00%	4.30%	39.80%	16.50%	20.30%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 1996-C
Fixed Rate Loans
	Retail		Correspondent		Broker		Total
Category	#	$	#	$	#	$	#	$
Original Pool	1602	$74,900,200	793	$53,255,408	740	$47,310,845	3135	$175,466,453
LTV/WAC	62.45%	10.82%	65.35%	12.77%	66.24%	10.86%	64.35%	11.42%
NON/2-4	5.46%	4.68%	3.59%	8.88%	13.49%	10.57%	1.15%	1.02%
Low/NIV	26.88%	23.18%	6.68%	50.43%	0.00%	13.99%	2.59%	3.20%
A/A-	634	$35,203,200	176	$13,663,331	391	$28,092,663	1201	$76,959,194
B	400	$19,377,800	91	$6,669,880	190	$12,453,730	681	$38,501,410
C	299	$11,267,300	101	$6,926,963	156	$6,654,302	556	$24,848,565
C-	153	$5,425,300	112	$6,553,370	0	$0	265	$11,978,670
D	116	$3,626,600	313	$19,441,864	3	$110,150	432	$23,178,614
Unknown	0	$0	0	$0	0	$0	0	$0
Remaining Pool	140	$4,336,584	68	$4,029,706	91	$4,468,240	299	$12,834,530
LTV/WAC	59.83%	10.49%	65.95%	12.63%	65.72%	10.64%	63.80%	11.22%
A/A-	57	$2,006,985	15	$1,024,966	53	$2,857,407	125	$5,889,358
B	36	$1,326,476	8	$584,475	21	$929,045	65	$2,839,997
C	29	$643,542	13	$705,463	17	$681,787	59	$2,030,792
C-	10	$218,296	9	$393,713	0	$0	19	$612,010
D	8	$141,285	23	$1,321,089	0	$0	31	$1,462,374
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	94.21%	$70,563,616	92.43%	$49,225,702	90.56%	$42,842,605	92.69%	$162,631,923
Delinquency Status
CURRENT	133	$4,056,545	49	$2,805,180	80	$4,020,125	262	$10,881,850
30-59	3	$131,502	2	$89,798	0	$0	5	$221,300
60-89	1	$66,517	2	$116,830	0	$0	3	$183,347
90-119	2	$107,158	0	$0	0	$0	2	$107,158
120-179	0	$0	0	$0	0	$0	0	$0
180-269	1	$29,273	2	$136,341	2	$68,527	5	$234,141
270-359	0	$0	2	$83,057	4	$111,904	6	$194,961
360+	2	$57,631	12	$843,756	4	$237,496	18	$1,138,883
REO	0	$0	1	$42,772	1	$38,800	2	$81,572
90+REO	5	$194,062	17	$1,105,926	11	$456,727	33	$1,756,715
Loss To Date
% to Original Pool Balance	1.25%	$933,769	8.68%	$4,624,209	4.30%	$2,035,607	4.33%	$7,593,585
Severity	55.92%		58.85%		48.06%		55.17%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.38%	$134,846	2.05%	$280,616	3.29%	$925,535	1.74%	$1,340,997
B	0.65%	$126,893	3.79%	$252,714	3.94%	$490,567	2.26%	$870,174
C	2.20%	$248,327	5.21%	$361,038	8.89%	$591,389	4.83%	$1,200,754
C-	2.12%	$115,110	8.29%	$543,503	0.00%	$0	5.50%	$658,613
D	8.51%	$308,593	16.39%	$3,186,337	25.53%	$28,117	15.20%	$3,523,047
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	1.68%	$337,662	7.45%	$264,969	0.00%	$0	2.54%	$602,631
2-4 Unit	3.01%	$105,464	12.38%	$585,928	7.06%	$353,364	7.89%	$1,044,756
NIV	1.69%	$293,079	10.54%	$2,830,075	2.25%	$148,669	6.44%	$3,271,823
Non-Owner	3.89%	$159,128	31.18%	$596,308	8.70%	$555,629	10.59%	$1,311,065
90+ & REO as % Rem
A/A- , B, C	4.40%	4.30%	17.10%	7.30%	4.40%	20.50%	6.60%	10.30%
C- , D, NON	8.50%	20.60%	44.10%	31.20%	0.00%	0.00%	31.40%	30.20%
2-4, LOW, NIV	0.00%	2.30%	45.70%	6.60%	17.90%	0.00%	24.00%	3.90%
As of: January 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, Series 1996-B
Fixed Rate Loans
	Retail		Correspondent		Broker		Total
Category	#	$	#	$	#	$	#	$
Original Pool	1332	$62,460,165	878	$57,413,366	0	$0	2210	$119,873,531
LTV/WAC	61.69%	10.97%	65.01%	12.70%	0.00%	0.00%	63.28%	11.80%
NON/2-4	6.60%	4.78%	4.26%	6.49%	0.00%	0.00%	1.68%	1.50%
Low/NIV	34.30%	10.45%	6.22%	52.78%	0.00%	0.00%	3.79%	4.69%
A/A-	476	$25,914,500	173	$14,105,714	0	$0	649	$40,020,214
B	293	$14,983,000	91	$7,457,095	0	$0	384	$22,440,095
C	252	$10,018,295	140	$8,566,900	0	$0	392	$18,585,195
C-	140	$5,967,800	107	$6,031,791	0	$0	247	$11,999,591
D	93	$3,074,400	367	$21,251,866	0	$0	460	$24,326,266
Unknown	78	$2,502,170	0	$0	0	$0	78	$2,502,170
Remaining Pool	110	$4,135,895	61	$3,364,644	0	$0	171	$7,500,539
LTV/WAC	63.76%	10.55%	64.45%	12.10%	0.00%	0.00%	64.07%	11.25%
A/A-	37	$1,646,334	19	$1,230,972	0	$0	56	$2,877,306
B	22	$1,286,390	7	$400,069	0	$0	29	$1,686,460
C	27	$635,125	8	$401,101	0	$0	35	$1,036,226
C-	10	$389,842	6	$211,808	0	$0	16	$601,650
D	6	$78,286	21	$1,120,694	0	$0	27	$1,198,980
Unknown	8	$99,918	0	$0	0	$0	8	$99,918
Paid Off	93.38%	$58,324,270	94.14%	$54,048,722	0.00%	$0	93.74%	$112,372,992
Delinquency Status
CURRENT	103	$3,862,244	50	$2,843,660	0	$0	153	$6,705,904
30-59	1	$3,594	2	$106,167	0	$0	3	$109,761
60-89	1	$87,306	1	$39,380	0	$0	2	$126,686
90-119	1	$46,651	2	$56,877	0	$0	3	$103,528
120-179	0	$0	3	$132,484	0	$0	3	$132,484
180-269	2	$83,898	0	$0	0	$0	2	$83,898
270-359	0	$0	1	$140,920	0	$0	1	$140,920
360+	3	$101,585	5	$216,805	0	$0	8	$318,390
REO	0	$0	2	$81,591	0	$0	2	$81,591
90+REO	6	$232,134	13	$628,677	-	$0	19	$860,811
Loss To Date
% to Original Pool Balance	0.96%	$598,214	10.77%	$6,181,276	0.00%	$0	5.66%	$6,779,490
Severity	34.83%		55.50%		0.00%		52.74%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.69%	$178,605	5.42%	$763,840	0.00%	$0	2.35%	$942,445
B	0.10%	$15,639	7.05%	$526,028	0.00%	$0	2.41%	$541,667
C	0.72%	$72,169	11.55%	$989,652	0.00%	$0	5.71%	$1,061,821
C-	3.01%	$179,787	7.73%	$466,273	0.00%	$0	5.38%	$646,060
D	0.97%	$29,684	16.17%	$3,435,483	0.00%	$0	14.24%	$3,465,167
Unknown	4.89%	$122,329	0.00%	$0	0.00%	$0	4.89%	$122,329
Loss by Characteristic	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
Low Doc	1.21%	$259,951	13.00%	$464,144	0.00%	$0	2.90%	$724,095
2-4 Unit	0.63%	$18,876	26.66%	$992,894	0.00%	$0	15.07%	$1,011,770
NIV	-0.02%	($1,569)	11.60%	$3,514,362	0.00%	$0	9.54%	$3,512,793
Non-Owner	2.27%	$93,674	38.36%	$938,319	0.00%	$0	15.71%	$1,031,993
90+ & REO as % Rem
A/A- , B, C	7.60%	1.70%	4.00%	25.60%	0.00%	0.00%	6.10%	7.40%
C- , D, NON	29.90%	0.00%	0.00%	33.30%	0.00%	0.00%	19.30%	31.10%
2-4, LOW, NIV	0.00%	15.20%	7.90%	7.40%	0.00%	0.00%	3.20%	13.00%
As of: January 2004