May 2004 Arm Loans

EX-99 2 may04arm.htm EXHIBIT 99.1 May 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	26	$2,887,938	0	$0	75	$7,070,880	19	$1,809,663	120	$11,768,481
LTV/WAC	78.85%	9.67%	0.00%	0.00%	78.31%	9.21%	73.31%	9.49%	77.67%	9.37%
A/A-	8	$1,298,220	0	$0	31	$3,111,008	3	$194,961	42	$4,604,188
B	10	$854,901	0	$0	32	$3,142,822	1	$49,061	43	$4,046,783
C	3	$243,092	0	$0	9	$629,345	2	$149,697	14	$1,022,134
C-	0	$0	0	$0	3	$187,705	9	$1,038,408	12	$1,226,114
D	5	$491,726	0	$0	0	$0	4	$377,535	9	$869,261
Paid Off	46.69%	$2,565,400	100.00%	$320,800	60.12%	$10,802,600	57.00%	$2,427,250	57.47%	$16,116,050
Status
CURRENT	17	$2,037,889	0	$0	59	$5,819,445	13	$1,203,635	89	$9,060,969
30-59	1	$57,458	0	$0	4	$400,268	2	$250,666	7	$708,392
60-89	1	$67,051	0	$0	3	$252,828	1	$68,265	5	$388,145
90-119	2	$240,891	0	$0	0	$0	0	$0	2	$240,891
120-219	0	$0	0	$0	2	$102,131	0	$0	2	$102,131
180-269	2	$254,579	0	$0	3	$132,043	1	$177,370	6	$563,991
270-359	0	$0	0	$0	2	$261,487	0	$0	2	$261,487
360+	1	$47,088	0	$0	0	$0	1	$60,899	2	$107,987
REO	2	$182,982	0	$0	2	$102,679	1	$48,828	5	$334,488
90+REO	7	$725,539	-	$0	9	$598,339	3	$287,097	19	$1,610,975
Loss To Date
% to Original	1.26%	$69,452	0.00%	$0	2.41%	$432,193	0.59%	$25,069	1.88%	$526,713
Severity	93.87%		0.00%		80.58%		46.85%		79.35%
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	4.86%	$307,954	0.00%	$0	3.90%	$307,954
C	9.62%	$69,452	0.00%	$0	0.00%	$0	3.62%	$25,069	2.83%	$94,521
C-	0.00%	$0	0.00%	$0	27.96%	$96,730	0.00%	$0	4.15%	$96,730
D	0.00%	$0	0.00%	$0	33.18%	$27,509	0.00%	$0	1.52%	$27,509
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	20.82%	30.90%	0.00%	0.00%	0.00%	8.61%	0.00%	0.00%	5.87%	13.22%
C- , D, NON	0.00%	0.00%	0.00%	0.00%	17.45%	0.00%	22.95%	12.93%	22.10%	5.62%
2-4, LOW , NIV	15.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.28%	0.00%
As of: May 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	41	$3,021,012	0	$0	50	$4,387,491	0	$0	91	$7,408,503
LTV/WAC	77.13%	9.21%	0.00%	0.00%	79.93%	9.20%	0.00%	0.00%	78.79%	9.20%
A/A-	16	$1,308,791	0	$0	28	$2,655,159	0	$0	44	$3,963,950
B	14	$1,073,856	0	$0	13	$1,186,874	0	$0	27	$2,260,730
C	6	$399,363	0	$0	5	$334,280	0	$0	11	$733,643
C-	0	$0	0	$0	4	$211,177	0	$0	4	$211,177
D	5	$239,003	0	$0	0	$0	0	$0	5	$239,003
Paid Off	67.05%	$6,249,910	0.00%	$0	38.52%	$2,799,018	0.00%	$0	54.55%	$9,048,928
Status
CURRENT	29	$2,289,381	0	$0	41	$3,633,306	0	$0	70	$5,922,687
30-59	2	$132,481	0	$0	2	$190,954	0	$0	4	$323,435
60-89	2	$72,882	0	$0	2	$107,112	0	$0	4	$179,994
90-119	1	$177,772	0	$0	1	$29,999	0	$0	2	$207,770
120-219	1	$42,909	0	$0	0	$0	0	$0	1	$42,909
180-269	1	$38,797	0	$0	3	$333,640	0	$0	4	$372,438
270-359	0	$0	0	$0	0	$0	0	$0	0	$0
360+	0	$0	0	$0	1	$92,479	0	$0	1	$92,479
REO	5	$266,791	0	$0	0	$0	0	$0	5	$266,791
90+REO	8	$526,269	-	$0	5	$456,118	-	$0	13	$982,387
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	3.28%	31.39%	0.00%	0.00%	12.29%	0.00%	0.00%	0.00%	9.32%	14.91%
C- , D, NON	0.00%	16.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	16.23%
2-4, LOW , NIV	0.00%	0.00%	0.00%	0.00%	73.07%	0.00%	0.00%	0.00%	53.80%	0.00%
As of: May 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	46	$2,910,786	0	$0	39	$2,528,639	0	$0	85	$5,439,425
LTV/WAC	76.59%	10.65%	0.00%	0.00%	76.90%	10.61%	0.00%	0.00%	76.74%	10.63%
A/A-	11	$874,196	0	$0	13	$856,428	0	$0	24	$1,730,624
B	20	$1,149,725	0	$0	15	$847,071	0	$0	35	$1,996,796
C	11	$731,449	0	$0	5	$500,985	0	$0	16	$1,232,433
C-	0	$0	0	$0	5	$272,407	0	$0	5	$272,407
D	4	$155,416	0	$0	1	$51,749	0	$0	5	$207,165
Paid Off	71.76%	$7,501,838	0.00%	$0	61.43%	$4,089,401	0.00%	$0	67.74%	$11,591,239
Status
CURRENT	27	$1,544,239	0	$0	30	$2,041,823	0	$0	57	$3,586,062
30-59	1	$59,099	0	$0	1	$46,705	0	$0	2	$105,804
60-89	3	$94,339	0	$0	0	$0	0	$0	3	$94,339
90-119	0	$0	0	$0	2	$137,709	0	$0	2	$137,709
120-219	5	$516,704	0	$0	1	$39,730	0	$0	6	$556,434
180-269	2	$99,767	0	$0	0	$0	0	$0	2	$99,767
270-359	1	$221,369	0	$0	2	$122,985	0	$0	3	$344,354
360+	4	$203,365	0	$0	1	$67,589	0	$0	5	$270,954
REO	3	$171,904	0	$0	2	$72,097	0	$0	5	$244,001
90+REO	15	$1,213,109	-	$0	8	$440,111	-	$0	23	$1,653,220
Loss To Date
% to Original	0.96%	$99,874	0.00%	$0	4.78%	$317,922	0.00%	$0	2.44%	$417,796
Severity	26.49%		0.00%		77.72%		0.00%		53.15%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	0.00%	$0	0.00%	$0	1.99%	$47,832	0.00%	$0	0.88%	$47,832
B	0.43%	$17,040	0.00%	$0	9.51%	$160,626	0.00%	$0	3.16%	$177,667
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	2.32%	$47,832	0.00%	$0	1.68%	$53,806
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	48.79%	35.34%	0.00%	0.00%	24.40%	3.43%	0.00%	0.00%	36.72%	21.80%
C- , D, NON	0.00%	32.53%	0.00%	0.00%	15.80%	100.00%	0.00%	0.00%	15.80%	49.38%
2-4, LOW , NIV	84.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	64.86%	0.00%
As of: May 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	8	$460,644	0	$0	14	$915,761	0	$0	22	$1,376,405
LTV/WAC	76.85%	10.27%	0.00%	0.00%	74.46%	11.26%	0.00%	0.00%	75.26%	10.93%
A/A-	1	$10,556	0	$0	6	$324,505	0	$0	7	$335,061
B	4	$367,965	0	$0	2	$138,609	0	$0	6	$506,574
C	3	$82,123	0	$0	3	$225,280	0	$0	6	$307,403
C-	0	$0	0	$0	2	$170,125	0	$0	2	$170,125
D	0	$0	0	$0	1	$57,242	0	$0	1	$57,242
Paid Off	59.16%	$681,775	0.00%	$0	66.49%	$1,844,625	0.00%	$0	64.34%	$2,526,400
Status
CURRENT	6	$410,568	0	$0	4	$239,584	0	$0	10	$650,152
30-59	0	$0	0	$0	0	$0	0	$0	0	$0
60-89	0	$0	0	$0	1	$67,308	0	$0	1	$67,308
90-119	0	$0	0	$0	0	$0	0	$0	0	$0
120-219	0	$0	0	$0	1	$102,817	0	$0	1	$102,817
180-269	0	$0	0	$0	2	$85,235	0	$0	2	$85,235
270-359	0	$0	0	$0	2	$153,455	0	$0	2	$153,455
360+	2	$50,076	0	$0	4	$267,362	0	$0	6	$317,438
REO	0	$0	0	$0	0	$0	0	$0	0	$0
90+REO	2	$50,076	-	$0	9	$608,869	-	$0	11	$658,945
Loss To Date
% to Original	4.71%	$54,263	0.00%	$0	5.26%	$145,812	0.00%	$0	5.10%	$200,075
Severity	70.61%		0.00%		68.14%		0.00%		68.79%
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	20.38%	$145,812	0.00%	$0	11.09%	$145,812
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%	66.03%	51.32%	0.00%	0.00%	63.95%	14.04%
C- , D, NON	0.00%	0.00%	0.00%	0.00%	60.44%	100.00%	0.00%	0.00%	60.44%	100.00%
2-4, LOW , NIV	0.00%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%	0.00%	75.92%	0.00%
As of: May 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	31	$2,555,096	0	$0	24	$1,395,023	0	$0	55	$3,950,119
LTV/WAC	78.88%	10.81%	0.00%	0.00%	82.69%	10.74%	0.00%	0.00%	80.23%	10.78%
A/A-	12	$769,699	0	$0	14	$867,328	0	$0	26	$1,637,027
B	10	$838,469	0	$0	7	$429,886	0	$0	17	$1,268,356
C	8	$834,290	0	$0	3	$97,808	0	$0	11	$932,098
C-	0	$0	0	$0	0	$0	0	$0	0	$0
D	1	$112,638	0	$0	0	$0	0	$0	1	$112,638
Paid Off	69.07%	$5,799,400	0.00%	$0	76.85%	$4,707,146	0.00%	$0	72.35%	$10,506,546
Status
CURRENT	16	$1,357,626	0	$0	12	$696,746	0	$0	28	$2,054,372
30-59	0	$0	0	$0	3	$133,144	0	$0	3	$133,144
60-89	1	$40,837	0	$0	0	$0	0	$0	1	$40,837
90-119	0	$0	0	$0	2	$135,959	0	$0	2	$135,959
120-179	3	$398,296	0	$0	2	$204,083	0	$0	5	$602,379
180-269	0	$0	0	$0	0	$0	0	$0	0	$0
270-359	1	$108,177	0	$0	0	$0	0	$0	1	$108,177
360+	6	$449,216	0	$0	4	$169,805	0	$0	10	$619,021
REO	4	$200,946	0	$0	1	$55,286	0	$0	5	$256,232
90+REO	14	$1,156,634	-	$0	9	$565,133	-	$0	23	$1,721,767
Loss To Date
% to Original	11.68%	$980,708	0.00%	$0	7.23%	$443,023	0.00%	$0	9.80%	$1,423,731
Severity	63.74%		0.00%		64.61%		0.00%		64.01%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	21.08%	$568,325	0.00%	$0	4.44%	$173,856	0.00%	$0	11.23%	$742,181
B	11.41%	$312,752	0.00%	$0	7.12%	$109,225	0.00%	$0	9.87%	$421,977
C	4.97%	$99,631	0.00%	$0	33.28%	$159,942	0.00%	$0	10.45%	$259,573
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	33.23%	$302,534	0.00%	$0	3.52%	$65,721	0.00%	$0	13.27%	$368,254
Non-Owner	29.78%	$613,214	0.00%	$0	8.29%	$38,212	0.00%	$0	25.85%	$651,426
90+ & REO
A/A-, B , C	67.53%	39.88%	0.00%	0.00%	25.95%	79.10%	0.00%	0.00%	45.50%	53.17%
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	0.00%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%	0.00%	100.00%	0.00%
As of: May 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	6	$396,215	0	$0	19	$1,614,640	0	$0	25	$2,010,855
LTV/WAC	72.58%	10.70%	0.00%	0.00%	89.46%	10.65%	0.00%	0.00%	86.13%	10.66%
A/A-	2	$171,975	0	$0	17	$1,493,723	0	$0	19	$1,665,698
B	2	$106,033	0	$0	1	$50,600	0	$0	3	$156,634
C	2	$118,207	0	$0	1	$70,317	0	$0	3	$188,524
C-	0	$0	0	$0	0	$0	0	$0	0	$0
D	0	$0	0	$0	0	$0	0	$0	0	$0
Paid Off	83.11%	$1,977,397	100.00%	$135,000	83.77%	$8,495,041	0.00%	$0	83.82%	$10,607,438
Status
CURRENT	2	$220,574	0	$0	14	$1,130,952	0	$0	16	$1,351,526
30-59	0	$0	0	$0	1	$95,016	0	$0	1	$95,016
60-89	0	$0	0	$0	0	$0	0	$0	0	$0
90-119	0	$0	0	$0	0	$0	0	$0	0	$0
120-179	1	$57,726	0	$0	1	$169,925	0	$0	2	$227,651
180-269	0	$0	0	$0	0	$0	0	$0	0	$0
270-359	0	$0	0	$0	1	$50,600	0	$0	1	$50,600
360+	3	$117,915	0	$0	1	$33,228	0	$0	4	$151,144
REO	0	$0	0	$0	1	$134,919	0	$0	1	$134,919
90+REO	4	$175,642	-	$0	4	$388,672	-	$0	8	$564,314
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	23.97%	100.00%	0.00%	0.00%	22.63%	100.00%	0.00%	0.00%	22.77%	100.00%
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%	29.38%	0.00%
As of: May 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	193	$15,231,166	9	$764,124	490	$40,827,911	2	$72,919	694	$56,896,120
LTV/WAC	76.08%	10.87%	66.87%	10.02%	79.80%	11.01%	72.35%	13.44%	78.62%	10.96%
A/A-	50	$4,488,338	1	$77,724	214	$19,803,744	1	$24,246	266	$24,394,052
B	65	$4,812,605	4	$349,300	143	$12,693,545	0	$0	212	$17,855,450
C	52	$4,231,122	3	$281,705	91	$6,080,718	0	$0	146	$10,593,545
C-	11	$846,760	1	$55,394	27	$1,512,227	1	$48,673	40	$2,463,055
D	15	$852,341	0	$0	15	$737,677	0	$0	30	$1,590,019
Paid Off	80.58%	$64,383,269	91.61%	$8,538,178	82.15%	$191,698,360	95.69%	$1,636,700	82.11%	$266,256,507
Status
CURRENT	104	$7,956,608	7	$536,503	284	$24,052,296	1	$24,246	396	$32,569,654
30-59	14	$1,285,953	0	$0	23	$1,323,298	0	$0	37	$2,609,251
60-89	4	$275,146	0	$0	17	$1,724,323	0	$0	21	$1,999,468
90-119	6	$511,956	0	$0	6	$800,290	0	$0	12	$1,312,246
120-179	7	$422,460	1	$127,316	15	$1,677,879	0	$0	23	$2,227,655
180-269	13	$976,826	0	$0	25	$1,564,711	0	$0	38	$2,541,537
270-359	9	$952,693	1	$100,304	24	$1,788,505	0	$0	34	$2,841,502
360+	24	$1,884,436	0	$0	66	$5,229,973	1	$48,673	91	$7,163,082
REO	12	$965,089	0	$0	30	$2,666,635	0	$0	42	$3,631,725
90+REO	71	$5,713,460	2	$227,620	166	$13,727,993	1	$48,673	240	$19,717,746
Loss To Date
% to Original	5.87%	$4,690,119	1.64%	$152,778	3.51%	$8,189,284	2.41%	$41,252	4.03%	$13,073,433
Severity	43.18%		28.31%		39.12%		27.55%		40.24%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	3.82%	$919,595	3.09%	$138,413	2.11%	$2,885,639	0.93%	$3,861	2.38%	$3,947,508
B	5.50%	$1,454,232	0.65%	$20,770	4.10%	$2,462,417	6.24%	$37,391	4.41%	$3,974,810
C	7.09%	$1,355,897	-0.45%	($6,405)	7.31%	$2,070,643	0.00%	$0	6.93%	$3,420,135
C-	13.01%	$617,025	0.00%	$0	13.42%	$725,890	0.00%	$0	12.92%	$1,342,915
D	6.18%	$343,370	0.00%	$0	1.59%	$44,695	0.00%	$0	4.55%	$388,065
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	2.45%	$329,209	0.00%	$0	8.61%	$441,195	0.00%	$0	4.13%	$770,404
2-4 Unit	8.04%	$189,837	0.00%	$0	5.29%	$697,726	0.00%	$0	5.37%	$887,563
NIV	7.64%	$350,011	7.90%	$75,402	4.00%	$2,301,942	2.78%	$3,861	4.32%	$2,731,216
Non-Owner	14.35%	$493,578	0.00%	$0	4.20%	$378,272	0.00%	$0	6.72%	$871,850
90+ & REO
A/A-, B , C	26.01%	34.82%	0.00%	65.16%	23.56%	40.45%	0.00%	0.00%	23.91%	39.41%
C- , D, NON	66.66%	89.37%	0.00%	0.00%	39.04%	40.95%	100.00%	0.00%	48.86%	66.91%
2-4, LOW , NIV	33.09%	36.96%	0.00%	0.00%	32.47%	24.93%	0.00%	0.00%	32.52%	34.50%
As of: May 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	141	$9,701,208	8	$514,322	392	$27,719,505	10	$750,292	551	$38,685,327
LTV/WAC	75.15%	10.76%	59.49%	9.23%	78.42%	11.22%	76.57%	9.83%	77.31%	11.05%
A/A-	34	$2,298,708	5	$389,502	154	$12,298,054	4	$322,671	197	$15,308,936
B	53	$4,388,202	2	$90,836	108	$7,114,730	4	$262,575	167	$11,856,343
C	31	$2,104,774	1	$33,984	89	$5,986,908	2	$165,046	123	$8,290,711
C-	9	$313,110	0	$0	28	$1,471,163	0	$0	37	$1,784,273
D	14	$596,413	0	$0	13	$848,650	0	$0	27	$1,445,064
Paid Off	79.06%	$37,391,835	93.03%	$7,064,554	85.33%	$164,612,847	77.77%	$2,723,707	84.28%	$211,792,943
Status
CURRENT	79	$4,799,265	4	$305,239	221	$14,832,473	6	$417,935	310	$20,354,913
30-59	4	$296,647	0	$0	19	$1,513,903	2	$186,052	25	$1,996,602
60-89	4	$258,250	0	$0	10	$901,366	0	$0	14	$1,159,616
90-119	4	$233,815	0	$0	9	$429,696	0	$0	13	$663,512
120-179	5	$384,575	1	$84,263	10	$683,530	1	$47,412	17	$1,199,780
180-269	5	$432,175	1	$39,441	17	$1,496,013	0	$0	23	$1,967,629
270-359	5	$407,399	0	$0	14	$813,373	0	$0	19	$1,220,772
360+	19	$1,882,718	1	$33,984	59	$4,539,099	1	$98,892	80	$6,554,692
REO	16	$1,006,365	1	$51,395	33	$2,510,052	0	$0	50	$3,567,812
90+REO	54	$4,347,046	4	$209,083	142	$10,471,763	2	$146,305	202	$15,174,197
Loss To Date
% to Original	5.25%	$2,484,217	1.69%	$128,293	4.19%	$8,088,131	12.32%	$431,498	4.43%	$11,132,139
Severity	43.66%		21.88%		44.52%		53.82%		44.10%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	5.00%	$577,588	0.57%	$25,060	2.14%	$2,190,505	19.11%	$328,169	2.60%	$3,121,322
B	2.06%	$333,154	2.54%	$48,568	4.88%	$2,536,004	7.19%	$59,620	4.12%	$2,917,726
C	6.54%	$846,385	2.59%	$26,388	7.73%	$2,094,937	-3.14%	($17,171)	7.13%	$2,967,710
C-	14.16%	$389,461	0.00%	$0	11.18%	$700,509	17.43%	$58,852	11.42%	$1,089,970
D	8.72%	$337,629	43.87%	$28,277	11.22%	$566,176	2.85%	$2,028	10.30%	$932,082
Loss by Characteristic	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
Low Doc	8.23%	$561,679	0.00%	$0	5.26%	$308,047	0.00%	$0	6.86%	$869,726
2-4 Unit	7.02%	$133,218	0.00%	$0	6.06%	$718,551	0.00%	$0	6.03%	$851,770
NIV	5.00%	$126,753	1.60%	$16,776	4.86%	$2,548,939	0.00%	$0	4.80%	$2,692,468
Non-Owner	8.60%	$259,414	0.00%	$0	10.69%	$763,668	0.00%	$0	9.78%	$1,023,082
90+ & REO
A/A-, B , C	23.01%	49.37%	21.63%	100.00%	30.72%	33.83%	0.00%	37.66%	28.68%	40.17%
C- , D, NON	77.02%	43.23%	0.00%	0.00%	41.34%	53.88%	0.00%	0.00%	47.60%	49.48%
2-4, LOW , NIV	59.75%	9.60%	100.00%	0.00%	47.16%	32.73%	0.00%	0.00%	49.36%	24.06%
As of: May 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	$721,009	18	$1,797,947	342	$23,469,052	371	$25,988,008
LTV/WAC	79.18%	8.92%	80.37%	9.98%	79.20%	10.38%	79.28%	10.31%
A/A-	5	$442,132	8	$1,093,576	167	$12,763,454	180	$14,299,162
B	3	$114,675	7	$497,458	110	$7,088,971	120	$7,701,104
C	0	$0	3	$206,913	25	$1,644,073	28	$1,850,986
C-	3	$164,202	0	$0	7	$480,886	10	$645,088
D	0	$0	0	$0	33	$1,491,668	33	$1,491,668
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	85.68%	$4,313,891	85.33%	$10,457,880	84.55%	$128,477,457	84.64%	$143,249,228
Status
CURRENT	10	$675,667	17	$1,738,232	277	$17,729,917	304	$20,143,816
30-59	0	$0	0	$0	9	$678,307	9	$678,307
60-89	0	$0	0	$0	7	$582,854	7	$582,854
90-119	0	$0	0	$0	5	$628,634	5	$628,634
120-179	0	$0	0	$0	14	$1,153,158	14	$1,153,158
180-269	0	$0	0	$0	9	$661,466	9	$661,466
270-359	0	$0	0	$0	3	$194,837	3	$194,837
360+	1	$45,342	1	$59,715	10	$1,286,822	12	$1,391,879
REO	0	$0	0	$0	8	$553,058	8	$553,058
90+REO	1	$45,342	1	$59,715	49	$4,477,975	51	$4,583,032
Loss To Date
% to Original	0.92%	$46,516	2.12%	$259,686	7.35%	$11,163,385	6.78%	$11,469,587
Severity	19.04%		29.84%		49.25%		48.23%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.69%	$20,049	1.62%	$110,602	4.46%	$3,883,889	4.15%	$4,014,540
B	0.00%	$0	1.80%	$63,869	8.53%	$3,361,281	7.80%	$3,425,150
C	12.61%	$27,463	2.07%	$25,154	11.79%	$1,345,090	10.88%	$1,397,707
C-	0.00%	$0	-0.74%	($1,659)	17.35%	$532,811	14.59%	$531,152
D	-0.16%	($996)	13.67%	$61,720	18.71%	$2,040,313	17.56%	$2,101,037
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	11.90%	$794,108	11.18%	$821,571
2-4 Unit	0.00%	$0	0.00%	$0	13.83%	$1,258,804	11.80%	$1,258,804
NIV	0.00%	$0	2.08%	$36,285	5.94%	$2,475,563	5.63%	$2,511,848
Non-Owner	0.00%	$0	0.00%	$0	18.61%	$854,856	16.28%	$854,856
90+ & REO as % Rem
A/A- , B, C	0.00%	0.00%	5.50%	0.00%	17.30%	20.80%	15.80%	19.20%
C- , D, NON	27.60%	0.00%	0.00%	0.00%	14.40%	6.30%	17.80%	6.30%
2-4, LOW, NIV	100.00%	100.00%	0.00%	0.00%	15.20%	9.30%	18.10%	16.20%
As of: May 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	14	$867,452	5	$310,405	329	$22,363,850	348	$23,541,707
LTV/WAC	83.57%	8.52%	73.25%	10.99%	75.86%	10.47%	76.11%	10.41%
A/A-	7	$438,706	1	$141,275	129	$10,447,712	137	$11,027,693
B	7	$428,746	1	$35,417	100	$6,476,153	108	$6,940,316
C	0	$0	2	$79,612	34	$1,689,184	36	$1,768,796
C-	0	$0	0	$0	13	$684,820	13	$684,820
D	0	$0	1	$54,101	53	$3,065,981	54	$3,120,083
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	91.92%	$9,870,398	94.80%	$5,658,910	87.92%	$162,778,988	88.34%	$178,308,296
Delinquency Status
CURRENT	14	$867,452	5	$310,405	267	$17,715,003	286	$18,892,860
30-59	0	$0	0	$0	3	$164,796	3	$164,796
60-89	0	$0	0	$0	6	$610,529	6	$610,529
90-119	0	$0	0	$0	6	$588,519	6	$588,519
120-179	0	$0	0	$0	4	$240,148	4	$240,148
180-269	0	$0	0	$0	15	$1,067,967	15	$1,067,967
270-359	0	$0	0	$0	7	$421,911	7	$421,911
360+	0	$0	0	$0	10	$866,584	10	$866,584
REO	0	$0	0	$0	11	$688,393	11	$688,393
90+REO	-	$0	-	$0	53	$3,873,522	53	$3,873,522
Loss To Date
% to Original Pool Balance	1.79%	$191,993	4.03%	$240,608	6.23%	$11,528,638	5.93%	$11,961,239
Severity	24.99%		43.85%		46.30%		45.62%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.00%	$0	0.00%	$0	3.74%	$3,559,944	3.41%	$3,559,944
B	3.64%	$87,628	10.89%	$139,156	7.74%	$3,751,761	7.62%	$3,978,545
C	4.65%	$27,911	0.00%	$0	9.47%	$1,388,367	9.08%	$1,416,278
C-	0.00%	$0	16.67%	$10,038	6.57%	$301,555	6.59%	$311,593
D	7.40%	$76,455	5.52%	$91,414	11.40%	$2,527,011	10.84%	$2,694,880
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	10.71%	$926,933	10.10%	$951,214
2-4 Unit	2.73%	$28,820	0.00%	$0	11.16%	$1,110,795	9.82%	$1,139,615
NIV	2.72%	$56,719	2.97%	$50,442	5.31%	$3,078,917	5.16%	$3,186,078
Non-Owner	6.53%	$25,375	0.00%	$0	14.67%	$1,345,558	14.30%	$1,370,933
90+ & REO as % Rem
A/A- , B, C	0.00%	0.00%	0.00%	0.00%	11.90%	21.70%	11.30%	20.30%
C- , D, NON	0.00%	0.00%	0.00%	0.00%	15.50%	24.80%	15.50%	24.30%
2-4, LOW, NIV	0.00%	0.00%	0.00%	0.00%	13.40%	14.40%	11.40%	13.40%
As of: May 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	14	$1,000,772	42	$3,888,995	160	$10,593,364	216	$15,483,131
LTV/WAC	78.25%	8.83%	79.31%	10.11%	79.47%	9.91%	79.35%	9.89%
A/A-	8	$637,715	26	$2,313,135	88	$6,653,954	122	$9,604,804
B	5	$275,996	11	$1,082,614	53	$3,193,295	69	$4,551,905
C	1	$87,061	0	$0	5	$200,086	6	$287,147
C-	0	$0	0	$0	3	$115,777	3	$115,777
D	0	$0	5	$493,246	11	$430,253	16	$923,499
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	95.26%	$20,129,028	94.92%	$72,709,965	93.46%	$151,278,109	94.04%	$244,117,102
Delinquency Status
CURRENT	10	$562,046	39	$3,405,360	142	$9,419,264	191	$13,386,670
30-59	2	$189,207	0	$0	5	$279,358	7	$468,565
60-89	0	$0	0	$0	1	$40,364	1	$40,364
90-119	0	$0	0	$0	4	$299,795	4	$299,795
120-179	0	$0	1	$293,480	2	$124,771	3	$418,251
180-269	0	$0	0	$0	2	$115,186	2	$115,186
270-359	0	$0	1	$77,918	2	$148,612	3	$226,530
360+	2	$249,519	1	$112,237	1	$79,327	4	$441,083
REO	0	$0	0	$0	1	$86,689	1	$86,689
90+REO	2	$249,519	3	$483,635	12	$854,380	17	$1,587,534
Loss To Date
% to Original Pool Balance	4.81%	$1,015,566	4.38%	$3,353,400	4.62%	$7,481,977	4.57%	$11,850,943
Severity	40.71%		34.94%		37.14%		36.76%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	3.71%	$547,957	3.03%	$1,483,200	3.56%	$3,598,447	3.42%	$5,629,604
B	6.34%	$311,226	6.34%	$1,046,010	5.29%	$2,319,271	5.63%	$3,676,507
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	11.63%	$748,305	10.05%	$1,359,289
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	4.53%	$2,318,155	4.62%	$3,575,892
Non-Owner	6.24%	$36,781	12.58%	$53,047	6.25%	$507,185	6.54%	$597,013
90+ & REO as % Rem
A/A- , B, C	39.10%	0.00%	0.00%	10.40%	10.30%	3.80%	9.70%	5.20%
C- , D, NON	0.00%	0.00%	0.00%	75.30%	0.00%	10.80%	0.00%	45.20%
2-4, LOW, NIV	0.00%	100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	25.30%
As of: May 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	$464,689	129	$9,997,053	101	$6,284,658	237	$16,746,400
LTV/WAC	71.19%	11.08%	70.48%	9.50%	73.00%	9.68%	71.45%	9.61%
A/A-	2	$210,752	40	$3,090,675	43	$3,155,849	85	$6,457,277
B	2	$126,342	37	$3,105,142	21	$1,404,602	60	$4,636,086
C	0	$0	24	$1,448,002	14	$729,282	38	$2,177,284
C-	0	$0	5	$858,685	6	$280,966	11	$1,139,651
D	3	$127,595	23	$1,494,549	17	$713,959	43	$2,336,103
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	96.01%	$11,191,711	96.23%	$255,480,966	95.58%	$135,759,995	96.00%	$402,432,672
Delinquency Status
CURRENT	5	$375,750	90	$6,582,341	63	$3,927,377	158	$10,885,468
30-59	1	$19,000	10	$792,033	2	$69,407	13	$880,440
60-89	0	$0	1	$113,928	5	$210,181	6	$324,109
90-119	0	$0	5	$447,485	4	$312,414	9	$759,899
120-179	0	$0	1	$104,532	4	$236,390	5	$340,922
180-269	0	$0	4	$270,626	5	$336,967	9	$607,593
270-359	0	$0	3	$215,015	3	$156,026	6	$371,041
360+	1	$69,939	13	$1,117,529	8	$735,884	22	$1,923,352
REO	0	$0	2	$353,565	7	$300,012	9	$653,577
90+REO	1	$69,939	28	$2,508,752	31	$2,077,693	60	$4,656,384
Loss To Date
% to Original Pool Balance	2.40%	$280,327	5.15%	$13,676,780	5.25%	$7,451,051	5.11%	$21,408,158
Severity	36.60%		45.88%		51.35%		47.48%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.12%	$6,254	2.07%	$2,164,075	3.14%	$2,119,900	2.42%	$4,290,229
B	4.47%	$173,948	4.14%	$3,232,831	5.04%	$2,069,553	4.45%	$5,476,332
C	2.43%	$40,067	5.63%	$1,827,930	9.48%	$1,501,366	6.74%	$3,369,363
C-	0.00%	$0	3.32%	$411,386	8.77%	$446,700	4.89%	$858,086
D	6.26%	$60,058	16.08%	$6,040,558	10.45%	$1,313,533	14.51%	$7,414,149
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	4.38%	$1,293,379	7.45%	$665,317	5.07%	$2,018,754
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	6.05%	$6,097,308	4.93%	$3,338,163	5.65%	$9,579,324
Non-Owner	0.00%	$0	26.79%	$1,773,789	12.93%	$1,877,359	16.66%	$3,651,148
90+ & REO as % Rem
A/A- , B, C	0.00%	0.00%	32.00%	18.50%	20.80%	38.00%	25.50%	23.90%
C- , D, NON	0.00%	54.80%	0.00%	47.20%	84.60%	46.00%	20.90%	47.30%
2-4, LOW, NIV	0.00%	54.80%	3.80%	30.10%	0.00%	23.70%	2.80%	30.60%
As of: May 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	$133,732	88	$5,941,502	65	$4,223,540	155	$10,298,775
LTV/WAC	65.27%	11.31%	66.94%	10.71%	71.94%	8.90%	68.97%	9.98%
A/A-	0	$0	14	$967,034	19	$1,469,281	33	$2,436,315
B	1	$81,662	12	$1,119,769	19	$1,386,469	32	$2,587,900
C	1	$52,070	17	$1,292,244	12	$619,586	30	$1,963,900
C-	0	$0	8	$219,961	1	$42,397	9	$262,358
D	0	$0	37	$2,342,494	14	$705,808	51	$3,048,301
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	97.59%	$5,421,768	97.21%	$207,184,053	97.01%	$136,933,808	97.14%	$349,539,629
Delinquency Status
CURRENT	2	$133,732	50	$3,404,928	46	$2,908,689	98	$6,447,349
30-59	0	$0	6	$394,174	2	$105,990	8	$500,164
60-89	0	$0	3	$223,558	0	$0	3	$223,558
90-119	0	$0	1	$68,459	1	$33,557	2	$102,016
120-179	0	$0	4	$402,762	1	$93,441	5	$496,203
180-269	0	$0	4	$194,589	1	$59,254	5	$253,843
270-359	0	$0	5	$257,030	0	$0	5	$257,030
360+	0	$0	14	$689,633	9	$512,137	23	$1,201,770
REO	0	$0	1	$306,369	5	$510,473	6	$816,842
90+REO	-	$0	29	$1,918,842	17	$1,208,862	46	$3,127,704
Loss To Date
% to Original Pool Balance	2.34%	$129,790	6.33%	$13,489,971	4.65%	$6,567,512	5.61%	$20,187,273
Severity	45.49%		46.14%		47.83%		46.68%
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	5.00%	$2,119,823	3.94%	$3,469,241
C	-0.02%	($177)	7.64%	$2,510,375	10.02%	$1,725,209	8.33%	$4,235,407
C-	12.16%	$76,618	6.52%	$1,190,100	4.27%	$215,892	6.20%	$1,482,610
D	4.09%	$31,181	11.55%	$6,767,465	9.43%	$1,009,226	11.14%	$7,807,872
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	7.31%	$7,538,681	4.12%	$2,764,614	6.01%	$10,303,295
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%	6.90%	20.20%	38.20%	22.90%	25.80%	21.00%
C- , D, NON	0.00%	0.00%	39.20%	44.70%	0.00%	21.30%	32.90%	39.30%
2-4, LOW, NIV	0.00%	0.00%	27.40%	26.90%	0.00%	33.70%	13.20%	27.90%
As of: May 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	$238,772	77	$6,829,174	59	$3,606,108	141	$10,674,055
LTV/WAC	63.16%	11.77%	68.17%	11.11%	70.01%	9.92%	68.68%	10.72%
A/A-	3	$185,624	13	$1,413,102	23	$1,502,787	39	$3,101,514
B	0	$0	9	$956,431	19	$1,354,315	28	$2,310,746
C	0	$0	14	$1,358,553	13	$519,688	27	$1,878,241
C-	0	$0	13	$1,128,255	1	$58,178	14	$1,186,434
D	2	$53,148	28	$1,972,833	3	$171,138	33	$2,197,120
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	95.93%	$5,624,128	96.47%	$186,389,654	97.64%	$149,148,371	96.97%	$341,162,153
Delinquency Status
CURRENT	5	$238,772	49	$4,393,830	42	$2,571,540	96	$7,204,142
30-59	0	$0	3	$334,870	3	$145,254	6	$480,124
60-89	0	$0	2	$214,305	1	$87,651	3	$301,956
90-119	0	$0	0	$0	1	$67,125	1	$67,125
120-179	0	$0	1	$164,348	0	$0	1	$164,348
180-269	0	$0	1	$28,368	4	$141,462	5	$169,830
270-359	0	$0	2	$109,275	0	$0	2	$109,275
360+	0	$0	17	$1,355,249	6	$469,404	23	$1,824,653
REO	0	$0	2	$228,928	2	$123,673	4	$352,601
90+REO	-	$0	23	$1,886,168	13	$801,664	36	$2,687,832
Loss To Date
% to Original Pool Balance	1.55%	$90,764	6.71%	$12,968,069	5.02%	$7,672,366	5.89%	$20,731,199
Severity	31.05%		48.61%		48.92%		48.61%
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	9.91%	$2,984,192	7.29%	$4,151,871
C-	0.15%	$1,022	5.84%	$1,583,192	24.36%	$80,699	5.93%	$1,664,913
D	0.00%	$0	12.50%	$8,196,971	17.42%	$364,171	12.41%	$8,561,142
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	7.56%	$8,205,813	2.31%	$901,819	6.11%	$9,150,005
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%	28.30%	3.20%	20.30%	7.00%	22.70%	5.40%
C- , D, NON	0.00%	0.00%	15.30%	53.30%	0.00%	87.00%	14.60%	54.60%
2-4, LOW, NIV	0.00%	0.00%	35.40%	78.80%	0.00%	0.00%	19.40%	53.60%
As of: May 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	$95,058	69	$4,590,510	0	$0	71	$4,685,568
LTV/WAC	67.43%	12.56%	65.77%	12.02%	0.00%	0.00%	65.80%	12.03%
A/A-	0	$0	7	$428,781	0	$0	7	$428,781
B	0	$0	4	$429,708	0	$0	4	$429,708
C	1	$37,383	11	$474,021	0	$0	12	$511,404
C-	1	$57,676	9	$461,509	0	$0	10	$519,184
D	0	$0	38	$2,796,490	0	$0	38	$2,796,490
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	97.27%	$3,383,542	97.44%	$174,960,720	0.00%	$0	97.44%	$178,344,262
Delinquency Status
CURRENT	0	$0	44	$2,761,758	0	$0	44	$2,761,758
30-59	0	$0	4	$178,108	0	$0	4	$178,108
60-89	0	$0	2	$131,413	0	$0	2	$131,413
90-119	0	$0	0	$0	0	$0	0	$0
120-179	0	$0	3	$248,265	0	$0	3	$248,265
180-269	0	$0	1	$33,595	0	$0	1	$33,595
270-359	0	$0	1	$47,433	0	$0	1	$47,433
360+	2	$95,058	10	$966,958	0	$0	12	$1,062,016
REO	0	$0	4	$222,980	0	$0	4	$222,980
90+REO	2	$95,058	19	$1,519,231	-	$0	21	$1,614,289
Loss To Date
% to Original Pool Balance	1.98%	$68,915	5.67%	$10,182,095	0.00%	$0	5.60%	$10,251,010
Severity	51.24%		44.65%		0.00%		44.69%
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	4.55%	$1,136,108	0.00%	$0	4.39%	$1,136,108
C	0.00%	$0	4.31%	$1,413,095	0.00%	$0	4.23%	$1,413,095
C-	0.00%	$0	6.30%	$1,223,874	0.00%	$0	6.27%	$1,223,874
D	7.35%	$68,915	8.12%	$5,637,261	0.00%	$0	8.11%	$5,706,176
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	8.55%	$1,264,239	0.00%	$0	8.38%	$1,333,154
2-4 Unit	8.53%	$53,281	8.80%	$872,805	0.00%	$0	8.79%	$926,086
NIV	0.00%	$0	5.56%	$4,950,432	0.00%	$0	5.51%	$4,950,432
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%	0.00%	0.00%	0.00%	0.00%	0.00%
C- , D, NON	100.00%	0.00%	27.40%	48.50%	0.00%	0.00%	35.50%	48.50%
2-4, LOW, NIV	100.00%	100.00%	13.20%	69.80%	0.00%	0.00%	18.90%	80.60%
As of: May 2004