Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, 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	25	$2,690,997	0	$0	74	$7,022,062	18	$1,759,922	117	$11,472,980
LTV/WAC	78.40%	9.71%	0.00%	0.00%	78.30%	9.21%	73.26%	9.47%	77.55%	9.36%
A/A-	8	$1,297,148	0	$0	31	$3,108,548	3	$194,823	42	$4,600,518
B	9	$659,194	0	$0	31	$3,096,854	1	$49,061	41	$3,805,109
C	3	$243,023	0	$0	9	$629,172	2	$149,475	14	$1,021,670
C-	0	$0	0	$0	3	$187,488	9	$1,038,076	12	$1,225,564
D	5	$491,632	0	$0	0	$0	3	$328,486	8	$820,118
Paid Off	50.28%	$2,762,600	100.00%	$320,800	60.36%	$10,846,600	58.15%	$2,476,375	58.51%	$16,406,375
Status
CURRENT	17	$1,908,126	0	$0	56	$5,621,921	13	$1,160,411	86	$8,690,458
30-59	0	$0	0	$0	5	$361,793	3	$361,242	8	$723,035
60-89	1	$57,458	0	$0	3	$317,172	0	$0	4	$374,630
90-119	1	$143,962	0	$0	2	$166,585	0	$0	3	$310,547
120-219	1	$96,859	0	$0	1	$53,581	0	$0	2	$150,440
180-269	0	$0	0	$0	3	$147,844	1	$177,370	4	$325,214
270-359	0	$0	0	$0	3	$294,236	0	$0	3	$294,236
360+	1	$47,088	0	$0	0	$0	1	$60,899	2	$107,987
REO	2	$182,982	0	$0	1	$58,930	0	$0	3	$241,912
90+REO	5	$470,891	-	$0	10	$721,175	2	$238,269	17	$1,430,335
Loss To Date
% to Original	1.26%	$69,452	0.00%	$0	2.51%	$451,211	0.61%	$25,828	1.95%	$546,491
Severity	93.87%		0.00%		77.79%		25.24%		72.25%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	0.00%	$0	0.00%	$0	0.00%	$0	0.13%	$759	0.01%	$759
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	0.99%	$19,018	3.62%	$25,069	3.40%	$113,539
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%	$759	0.01%	$759
Non-Owner	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0	0.00%	$0
90+ & REO
A/A-, B , C	20.83%	40.08%	0.00%	0.00%	3.44%	9.25%	0.00%	0.00%	8.20%	14.47%
C- , D, NON	0.00%	0.00%	0.00%	0.00%	17.47%	0.00%	22.95%	0.00%	22.11%	0.00%
2-4, LOW , NIV	15.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.29%	0.00%
As of: June 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, 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	39	$2,818,522	0	$0	50	$4,384,550	0	$0	89	$7,203,071
LTV/WAC	76.18%	9.24%	0.00%	0.00%	79.93%	9.20%	0.00%	0.00%	78.47%	9.22%
A/A-	15	$1,150,147	0	$0	28	$2,653,219	0	$0	43	$3,803,366
B	14	$1,073,464	0	$0	13	$1,186,011	0	$0	27	$2,259,475
C	5	$356,000	0	$0	5	$334,173	0	$0	10	$690,173
C-	0	$0	0	$0	4	$211,147	0	$0	4	$211,147
D	5	$238,911	0	$0	0	$0	0	$0	5	$238,911
Paid Off	69.24%	$6,454,410	0.00%	$0	38.52%	$2,799,018	0.00%	$0	55.78%	$9,253,428
Status
CURRENT	26	$1,989,699	0	$0	40	$3,421,126	0	$0	66	$5,410,825
30-59	3	$211,691	0	$0	1	$209,367	0	$0	4	$421,058
60-89	1	$61,282	0	$0	2	$190,954	0	$0	3	$252,236
90-119	3	$115,726	0	$0	2	$107,112	0	$0	5	$222,838
120-219	1	$177,772	0	$0	0	$0	0	$0	1	$177,772
180-269	0	$0	0	$0	2	$258,587	0	$0	2	$258,587
270-359	1	$38,797	0	$0	1	$74,926	0	$0	2	$113,724
360+	0	$0	0	$0	1	$92,479	0	$0	1	$92,479
REO	4	$223,554	0	$0	1	$29,999	0	$0	5	$253,553
90+REO	9	$555,850	-	$0	7	$563,103	-	$0	16	$1,118,953
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%		-66.93%
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	5.79%	31.40%	0.00%	0.00%	14.58%	0.00%	0.00%	0.00%	11.92%	14.92%
C- , D, NON	0.00%	16.24%	0.00%	0.00%	22.10%	0.00%	0.00%	0.00%	22.10%	16.24%
2-4, LOW , NIV	0.00%	0.00%	0.00%	0.00%	73.07%	0.00%	0.00%	0.00%	53.81%	0.00%
As of: June 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, 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	42	$2,697,788	0	$0	37	$2,342,488	0	$0	79	$5,040,276
LTV/WAC	76.75%	10.57%	0.00%	0.00%	76.42%	10.70%	0.00%	0.00%	76.60%	10.63%
A/A-	11	$873,921	0	$0	13	$855,888	0	$0	24	$1,729,809
B	18	$1,043,707	0	$0	13	$661,651	0	$0	31	$1,705,358
C	10	$682,643	0	$0	5	$500,925	0	$0	15	$1,183,569
C-	0	$0	0	$0	5	$272,316	0	$0	5	$272,316
D	3	$97,517	0	$0	1	$51,708	0	$0	4	$149,225
Paid Off	73.76%	$7,711,438	0.00%	$0	64.26%	$4,277,651	0.00%	$0	70.06%	$11,989,089
Status
CURRENT	25	$1,452,010	0	$0	23	$1,346,220	0	$0	48	$2,798,230
30-59	1	$25,870	0	$0	5	$509,581	0	$0	6	$535,451
60-89	1	$59,099	0	$0	2	$125,142	0	$0	3	$184,241
90-119	2	$71,883	0	$0	0	$0	0	$0	2	$71,883
120-219	1	$131,824	0	$0	2	$98,915	0	$0	3	$230,739
180-269	4	$358,091	0	$0	1	$51,708	0	$0	5	$409,799
270-359	2	$273,342	0	$0	1	$71,236	0	$0	3	$344,578
360+	4	$203,365	0	$0	0	$0	0	$0	4	$203,365
REO	2	$122,304	0	$0	3	$139,686	0	$0	5	$261,990
90+REO	15	$1,160,809	-	$0	7	$361,545	-	$0	22	$1,522,355
Loss To Date
% to Original	1.41%	$147,408	0.00%	$0	4.78%	$317,922	0.00%	$0	2.72%	$465,330
Severity	34.55%		0.00%		77.72%		0.00%		55.69%
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	1.64%	$64,575	0.00%	$0	9.51%	$160,626	0.00%	$0	4.01%	$225,201
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	48.80%	31.57%	0.00%	0.00%	15.24%	4.39%	0.00%	0.00%	32.20%	21.02%
C- , D, NON	0.00%	77.01%	0.00%	0.00%	15.81%	100.00%	0.00%	0.00%	15.81%	84.97%
2-4, LOW , NIV	100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	77.14%	0.00%
As of: June 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, 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	$460,057	0	$0	13	$812,819	0	$0	21	$1,272,876
LTV/WAC	76.85%	10.27%	0.00%	0.00%	75.02%	11.00%	0.00%	0.00%	75.68%	10.74%
A/A-	1	$10,500	0	$0	6	$324,474	0	$0	7	$334,973
B	4	$367,484	0	$0	2	$138,579	0	$0	6	$506,063
C	3	$82,073	0	$0	3	$225,217	0	$0	6	$307,291
C-	0	$0	0	$0	1	$67,308	0	$0	1	$67,308
D	0	$0	0	$0	1	$57,242	0	$0	1	$57,242
Paid Off	59.16%	$681,775	0.00%	$0	70.28%	$1,949,625	0.00%	$0	67.01%	$2,631,400
Status
CURRENT	6	$409,981	0	$0	4	$239,460	0	$0	10	$649,441
30-59	0	$0	0	$0	0	$0	0	$0	0	$0
60-89	0	$0	0	$0	0	$0	0	$0	0	$0
90-119	0	$0	0	$0	1	$67,308	0	$0	1	$67,308
120-219	0	$0	0	$0	0	$0	0	$0	0	$0
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	$573,359	-	$0	11	$623,435
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%	66.04%	51.33%	0.00%	0.00%	63.97%	14.06%
C- , D, NON	0.00%	0.00%	0.00%	0.00%	100.00%	100.00%	0.00%	0.00%	100.00%	100.00%
2-4, LOW , NIV	0.00%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%	0.00%	53.16%	0.00%
As of: June 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, 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	28	$2,232,220	0	$0	24	$1,393,844	0	$0	52	$3,626,064
LTV/WAC	78.17%	10.84%	0.00%	0.00%	82.68%	10.74%	0.00%	0.00%	79.90%	10.80%
A/A-	11	$706,343	0	$0	14	$866,335	0	$0	25	$1,572,678
B	10	$838,349	0	$0	7	$429,756	0	$0	17	$1,268,105
C	6	$574,890	0	$0	3	$97,753	0	$0	9	$672,643
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	72.95%	$6,125,550	0.00%	$0	76.85%	$4,707,146	0.00%	$0	74.60%	$10,832,696
Status
CURRENT	13	$1,087,153	0	$0	12	$695,691	0	$0	25	$1,782,844
30-59	2	$170,661	0	$0	3	$133,084	0	$0	5	$303,745
60-89	1	$40,822	0	$0	0	$0	0	$0	1	$40,822
90-119	0	$0	0	$0	1	$89,787	0	$0	1	$89,787
120-179	2	$335,095	0	$0	2	$84,568	0	$0	4	$419,664
180-269	1	$63,090	0	$0	1	$165,623	0	$0	2	$228,713
270-359	1	$108,177	0	$0	0	$0	0	$0	1	$108,177
360+	5	$289,329	0	$0	4	$169,805	0	$0	9	$459,134
REO	3	$137,893	0	$0	1	$55,286	0	$0	4	$193,180
90+REO	12	$933,584	-	$0	9	$565,069	-	$0	21	$1,498,654
Loss To Date
% to Original	13.91%	$1,167,759	0.00%	$0	7.23%	$443,023	0.00%	$0	11.09%	$1,610,782
Severity	66.30%		0.00%		64.61%		0.00%		65.82%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	22.53%	$607,460	0.00%	$0	4.44%	$173,856	0.00%	$0	11.82%	$781,316
B	11.41%	$312,752	0.00%	$0	7.12%	$109,225	0.00%	$0	9.87%	$421,977
C	12.36%	$247,547	0.00%	$0	33.28%	$159,942	0.00%	$0	16.41%	$407,489
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	31.68%	$652,349	0.00%	$0	8.29%	$38,212	0.00%	$0	27.40%	$690,561
90+ & REO
A/A-, B , C	64.64%	39.88%	0.00%	0.00%	25.98%	79.11%	0.00%	0.00%	43.35%	53.18%
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: June 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, 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	$395,990	0	$0	15	$1,196,988	0	$0	21	$1,592,978
LTV/WAC	72.58%	10.70%	0.00%	0.00%	87.53%	10.62%	0.00%	0.00%	83.81%	10.64%
A/A-	2	$171,907	0	$0	13	$1,076,107	0	$0	15	$1,248,014
B	2	$105,926	0	$0	1	$50,600	0	$0	3	$156,526
C	2	$118,157	0	$0	1	$70,281	0	$0	3	$188,438
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	87.97%	$8,921,021	0.00%	$0	87.18%	$11,033,418
Status
CURRENT	2	$220,456	0	$0	10	$713,355	0	$0	12	$933,811
30-59	0	$0	0	$0	1	$94,961	0	$0	1	$94,961
60-89	1	$57,619	0	$0	0	$0	0	$0	1	$57,619
90-119	0	$0	0	$0	0	$0	0	$0	0	$0
120-179	0	$0	0	$0	1	$169,925	0	$0	1	$169,925
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	3	$117,915	-	$0	4	$388,672	-	$0	7	$506,587
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	23.98%	45.60%	0.00%	0.00%	31.42%	100.00%	0.00%	0.00%	30.39%	63.19%
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%	65.79%	0.00%
As of: June 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, 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	185	$14,386,095	7	$577,441	469	$38,075,528	2	$72,881	663	$53,111,945
LTV/WAC	76.33%	10.86%	70.62%	10.09%	79.69%	11.05%	72.36%	13.44%	78.67%	10.99%
A/A-	46	$4,123,909	1	$77,670	203	$17,951,460	1	$24,208	251	$22,177,248
B	64	$4,742,222	4	$349,095	135	$11,956,401	0	$0	203	$17,047,717
C	51	$4,068,532	1	$95,300	90	$5,977,684	0	$0	142	$10,141,517
C-	10	$777,894	1	$55,376	26	$1,452,450	1	$48,673	38	$2,334,393
D	14	$673,539	0	$0	15	$737,533	0	$0	29	$1,411,071
Paid Off	81.65%	$65,235,969	93.66%	$8,729,215	83.35%	$194,484,110	95.69%	$1,636,700	83.29%	$270,085,994
Status
CURRENT	98	$7,389,752	5	$349,893	266	$21,852,008	1	$24,208	370	$29,615,861
30-59	13	$1,114,961	0	$0	27	$2,055,676	0	$0	40	$3,170,637
60-89	9	$805,477	0	$0	11	$675,742	0	$0	20	$1,481,218
90-119	2	$109,763	0	$0	9	$899,000	0	$0	11	$1,008,762
120-179	8	$542,399	1	$127,244	13	$1,543,676	0	$0	22	$2,213,319
180-269	13	$1,050,589	0	$0	22	$1,513,572	0	$0	35	$2,564,161
270-359	3	$371,608	1	$100,304	26	$2,100,030	0	$0	30	$2,571,942
360+	23	$1,745,697	0	$0	63	$4,712,112	1	$48,673	87	$6,506,482
REO	16	$1,255,850	0	$0	32	$2,723,712	0	$0	48	$3,979,562
90+REO	65	$5,075,906	2	$227,548	165	$13,492,102	1	$48,673	233	$18,844,229
Loss To Date
% to Original	5.93%	$4,738,548	1.64%	$152,778	3.52%	$8,210,214	2.41%	$41,252	4.05%	$13,142,792
Severity	42.98%		28.31%		38.52%		27.55%		39.79%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	3.82%	$919,595	3.09%	$138,413	2.11%	$2,893,300	0.93%	$3,861	2.39%	$3,955,169
B	5.50%	$1,454,232	0.65%	$20,770	4.13%	$2,475,687	6.24%	$37,391	4.42%	$3,988,080
C	7.35%	$1,404,326	-0.45%	($6,405)	7.31%	$2,070,643	0.00%	$0	7.02%	$3,468,564
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	28.30%	32.44%	0.00%	65.18%	23.56%	45.05%	0.00%	0.00%	24.33%	41.95%
C- , D, NON	58.77%	78.79%	0.00%	0.00%	47.25%	40.96%	100.00%	0.00%	51.07%	59.02%
2-4, LOW , NIV	43.92%	38.73%	0.00%	0.00%	38.83%	24.94%	0.00%	0.00%	39.22%	35.80%
As of: June 2004

Collateral Performance by
Origination Channel/Credit Grade
Aames Mortgage Trust, 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	138	$9,561,345	8	$514,038	372	$26,247,276	10	$749,777	528	$37,072,435
LTV/WAC	75.15%	10.78%	59.50%	9.23%	78.43%	11.20%	76.57%	9.83%	77.29%	11.04%
A/A-	31	$2,161,801	5	$389,218	148	$11,801,299	4	$322,355	188	$14,674,673
B	53	$4,386,438	2	$90,836	103	$6,801,090	4	$262,413	162	$11,540,777
C	31	$2,103,740	1	$33,984	83	$5,634,074	2	$165,009	117	$7,936,806
C-	9	$313,036	0	$0	25	$1,162,305	0	$0	34	$1,475,341
D	14	$596,330	0	$0	13	$848,507	0	$0	27	$1,444,837
Paid Off	79.35%	$37,530,635	93.03%	$7,064,554	86.10%	$166,099,027	77.77%	$2,723,707	84.93%	$213,417,923
Status
CURRENT	73	$4,659,052	4	$304,955	202	$13,942,971	6	$436,039	285	$19,343,017
30-59	9	$503,743	0	$0	21	$1,248,527	2	$167,470	32	$1,919,740
60-89	3	$199,809	0	$0	14	$836,788	0	$0	17	$1,036,598
90-119	3	$234,853	0	$0	8	$796,186	0	$0	11	$1,031,039
120-179	7	$440,367	0	$0	13	$790,922	1	$47,375	21	$1,278,664
180-269	4	$270,744	1	$84,263	19	$1,541,507	0	$0	24	$1,896,513
270-359	3	$180,216	1	$39,441	7	$379,264	0	$0	11	$598,921
360+	17	$1,317,414	1	$33,984	59	$4,487,142	1	$98,892	78	$5,937,431
REO	19	$1,755,147	1	$51,395	29	$2,223,970	0	$0	49	$4,030,512
90+REO	53	$4,198,740	4	$209,083	135	$10,218,989	2	$146,268	194	$14,773,080
Loss To Date
% to Original	5.34%	$2,527,454	1.69%	$128,293	4.33%	$8,358,382	12.32%	$431,498	4.55%	$11,445,627
Severity	44.08%		21.88%		44.68%		53.82%		44.31%
Loss To Date by Grade	% Orig	$	% Orig	$	% Orig	$	% Orig	$	% Orig	$
A/A-	5.38%	$620,825	0.57%	$25,060	2.16%	$2,218,359	19.11%	$328,169	2.66%	$3,192,413
B	2.06%	$333,154	2.54%	$48,568	4.99%	$2,592,953	7.19%	$59,620	4.20%	$2,974,675
C	6.54%	$846,385	2.59%	$26,388	8.01%	$2,170,151	-3.14%	($17,171)	7.31%	$3,042,924
C-	14.16%	$389,461	0.00%	$0	12.94%	$810,742	17.43%	$58,852	12.57%	$1,200,203
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	5.73%	$335,204	0.00%	$0	7.07%	$896,883
2-4 Unit	7.02%	$133,218	0.00%	$0	6.70%	$793,766	0.00%	$0	6.56%	$926,984
NIV	5.00%	$126,753	1.60%	$16,776	4.93%	$2,583,586	0.00%	$0	4.86%	$2,727,115
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	26.99%	47.90%	21.65%	100.00%	31.87%	37.89%	0.00%	37.69%	30.18%	42.18%
C- , D, NON	77.03%	43.23%	0.00%	0.00%	29.62%	53.88%	0.00%	0.00%	39.68%	49.49%
2-4, LOW , NIV	59.76%	9.59%	100.00%	0.00%	42.90%	29.00%	0.00%	0.00%	46.18%	21.48%
As of: June 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	$719,877	18	$1,796,017	331	$22,474,603	360	$24,990,496
LTV/WAC	79.18%	8.09%	80.36%	9.98%	79.23%	10.37%	79.31%	10.28%
A/A-	5	$441,162	8	$1,092,212	164	$12,392,145	177	$13,925,519
B	3	$114,584	7	$496,931	104	$6,636,844	114	$7,248,359
C	0	$0	3	$206,874	24	$1,623,740	27	$1,830,614
C-	3	$164,130	0	$0	6	$331,043	9	$495,173
D	0	$0	0	$0	33	$1,490,831	33	$1,490,831
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	85.70%	$4,315,023	85.35%	$10,459,810	85.21%	$129,471,906	85.23%	$144,246,739
Status
CURRENT	10	$674,534	17	$1,736,302	269	$17,149,625	296	$19,560,461
30-59	0	$0	0	$0	9	$646,802	9	$646,802
60-89	0	$0	0	$0	3	$227,068	3	$227,068
90-119	0	$0	0	$0	7	$571,584	7	$571,584
120-179	0	$0	0	$0	13	$1,148,953	13	$1,148,953
180-269	0	$0	0	$0	8	$532,317	8	$532,317
270-359	0	$0	0	$0	5	$465,534	5	$465,534
360+	1	$45,342	1	$59,715	10	$1,236,863	12	$1,341,920
REO	0	$0	0	$0	7	$495,857	7	$495,857
90+REO	1	$45,342	1	$59,715	50	$4,451,108	52	$4,556,165
Loss To Date
% to Original	0.92%	$46,516	2.12%	$259,686	7.37%	$11,200,535	6.80%	$11,506,737
Severity	19.04%		29.84%		49.15%		48.14%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.69%	$20,049	1.62%	$110,602	4.50%	$3,913,960	4.18%	$4,044,611
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	11.85%	$1,352,170	10.94%	$1,404,787
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	5.95%	$2,482,642	5.65%	$2,518,927
Non-Owner	0.00%	$0	0.00%	$0	18.77%	$861,936	16.41%	$861,936
90+ & REO as % Rem
A/A- , B, C	0.00%	0.00%	5.50%	0.00%	17.70%	22.30%	16.20%	20.40%

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	$866,014	5	$310,217	317	$21,671,339	336	$22,847,569
LTV/WAC	83.57%	8.52%	73.25%	10.99%	75.91%	10.43%	76.17%	10.36%
A/A-	7	$437,961	1	$141,167	126	$10,244,909	134	$10,824,038
B	7	$428,052	1	$35,388	95	$6,197,618	103	$6,661,058
C	0	$0	2	$79,589	33	$1,641,163	35	$1,720,752
C-	0	$0	0	$0	12	$651,641	12	$651,641
D	0	$0	1	$54,073	51	$2,936,008	52	$2,990,081
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	91.93%	$9,871,836	94.80%	$5,659,098	88.29%	$163,471,499	88.68%	$179,002,433
Delinquency Status
CURRENT	13	$796,927	5	$310,217	250	$16,703,454	268	$17,810,598
30-59	1	$69,087	0	$0	12	$713,580	13	$782,667
60-89	0	$0	0	$0	2	$98,619	2	$98,619
90-119	0	$0	0	$0	8	$948,128	8	$948,128
120-179	0	$0	0	$0	6	$359,973	6	$359,973
180-269	0	$0	0	$0	10	$880,868	10	$880,868
270-359	0	$0	0	$0	9	$566,460	9	$566,460
360+	0	$0	0	$0	10	$732,648	10	$732,648
REO	0	$0	0	$0	10	$667,610	10	$667,610
90+REO	-	$0	-	$0	53	$4,155,687	53	$4,155,687
Loss To Date
% to Original Pool Balance	1.79%	$191,993	4.03%	$240,608	6.31%	$11,688,435	6.00%	$12,121,036
Severity	24.99%		43.85%		46.57%		45.89%
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	7.78%	$3,771,481	7.66%	$3,998,265
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	12.03%	$2,667,088	11.41%	$2,834,957
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%	$3,079,352	5.16%	$3,186,513
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%	15.00%	23.90%	14.20%	22.30%

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	$999,954	41	$3,759,140	152	$10,048,503	207	$14,807,597
LTV/WAC	78.25%	8.83%	78.96%	10.15%	79.59%	9.96%	79.34%	9.93%
A/A-	8	$637,259	25	$2,185,605	82	$6,196,555	115	$9,019,418
B	5	$275,634	11	$1,081,674	52	$3,148,814	68	$4,506,122
C	1	$87,061	0	$0	4	$157,570	5	$244,631
C-	0	$0	0	$0	3	$115,694	3	$115,694
D	0	$0	5	$491,861	11	$429,872	16	$921,733
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	95.27%	$20,129,846	95.09%	$72,839,820	93.79%	$151,822,970	94.30%	$244,792,636
Delinquency Status
CURRENT	9	$474,364	39	$3,569,061	137	$8,957,136	185	$13,000,561
30-59	3	$276,071	0	$0	2	$115,739	5	$391,810
60-89	0	$0	0	$0	2	$146,267	2	$146,267
90-119	0	$0	0	$0	1	$73,493	1	$73,493
120-179	0	$0	0	$0	4	$326,055	4	$326,055
180-269	0	$0	1	$77,841	2	$115,186	3	$193,027
270-359	0	$0	0	$0	2	$148,612	2	$148,612
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	2	$190,078	11	$829,362	15	$1,268,959
Loss To Date
% to Original Pool Balance	4.81%	$1,015,566	4.38%	$3,353,400	4.64%	$7,509,256	4.58%	$11,878,222
Severity	40.71%		34.94%		37.23%		36.81%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	3.71%	$547,957	3.03%	$1,483,200	3.59%	$3,625,726	3.43%	$5,656,883
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	4.58%	$2,345,434	4.65%	$3,603,171
Non-Owner	6.24%	$36,781	12.58%	$53,047	6.58%	$534,464	6.84%	$624,292
90+ & REO as % Rem
A/A- , B, C	39.20%	0.00%	0.00%	10.40%	10.70%	3.90%	10.10%	5.20%

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	$460,136	126	$9,689,124	100	$6,203,140	233	$16,352,400
LTV/WAC	71.22%	11.06%	70.55%	9.49%	72.92%	9.68%	71.47%	9.60%
A/A-	2	$208,974	40	$3,087,677	43	$3,152,212	85	$6,448,863
B	2	$126,229	35	$2,906,741	20	$1,327,615	57	$4,360,586
C	0	$0	23	$1,342,450	14	$728,786	37	$2,071,236
C-	0	$0	5	$858,249	6	$280,879	11	$1,139,127
D	3	$124,932	23	$1,494,007	17	$713,648	43	$2,332,587
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	96.05%	$11,196,264	96.35%	$255,788,895	95.63%	$135,841,513	96.10%	$402,826,672
Delinquency Status
CURRENT	6	$390,197	88	$6,284,043	64	$3,874,988	158	$10,549,228
30-59	0	$0	5	$502,868	5	$306,393	10	$809,261
60-89	0	$0	7	$606,557	0	$0	7	$606,557
90-119	0	$0	2	$254,669	5	$313,776	7	$568,445
120-179	0	$0	3	$189,160	3	$195,804	6	$384,964
180-269	0	$0	3	$155,714	4	$293,033	7	$448,747
270-359	0	$0	4	$329,757	3	$113,858	7	$443,615
360+	1	$69,939	12	$1,012,792	9	$805,276	22	$1,888,007
REO	0	$0	2	$353,565	7	$300,012	9	$653,577
90+REO	1	$69,939	26	$2,295,657	31	$2,021,759	58	$4,387,355
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%	24.90%	19.80%	20.80%	36.00%	22.10%	24.10%

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	$133,685	87	$5,881,672	61	$3,977,525	150	$9,992,882
LTV/WAC	65.27%	11.31%	66.96%	10.70%	71.86%	8.81%	68.89%	9.95%
A/A-	0	$0	14	$965,797	18	$1,435,609	32	$2,401,406
B	1	$81,662	12	$1,118,479	18	$1,328,044	31	$2,528,185
C	1	$52,023	17	$1,291,173	10	$466,423	28	$1,809,619
C-	0	$0	8	$219,316	1	$42,362	9	$261,678
D	0	$0	36	$2,286,907	14	$705,087	50	$2,991,993
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	97.59%	$5,421,815	97.24%	$207,243,883	97.18%	$137,179,823	97.22%	$349,845,521
Delinquency Status
CURRENT	1	$52,023	51	$3,525,398	46	$2,930,628	98	$6,508,049
30-59	1	$81,662	4	$215,813	1	$59,637	6	$357,112
60-89	0	$0	1	$75,302	0	$0	1	$75,302
90-119	0	$0	2	$148,172	1	$33,533	3	$181,705
120-179	0	$0	4	$404,692	0	$0	4	$404,692
180-269	0	$0	6	$279,605	1	$59,215	7	$338,820
270-359	0	$0	6	$370,045	0	$0	6	$370,045
360+	0	$0	12	$556,276	9	$511,615	21	$1,067,891
REO	0	$0	1	$306,369	3	$382,897	4	$689,266
90+REO	-	$0	31	$2,065,159	14	$987,260	45	$3,052,419
Loss To Date
% to Original Pool Balance	2.34%	$129,790	6.33%	$13,489,971	4.72%	$6,656,923	5.63%	$20,276,684
Severity	45.49%		46.14%		48.03%		46.74%
Loss To Date by Grade	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss	% Orig	$ Loss
A/A-	0.00%	$0	2.86%	$1,694,782	2.34%	$1,539,216	2.55%	$3,233,998
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	10.30%	$1,772,767	8.43%	$4,282,965
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%	20.10%	30.40%	23.80%	20.90%	21.40%

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	$237,634	76	$6,777,239	58	$3,508,523	139	$10,523,396
LTV/WAC	63.16%	11.77%	68.13%	11.10%	69.96%	9.83%	68.63%	10.69%
A/A-	3	$184,658	13	$1,411,986	23	$1,500,796	39	$3,097,440
B	0	$0	9	$955,251	19	$1,352,774	28	$2,308,025
C	0	$0	14	$1,357,153	12	$425,711	26	$1,782,865
C-	0	$0	12	$1,081,432	1	$58,136	13	$1,139,568
D	2	$52,977	28	$1,971,417	3	$171,104	33	$2,195,498
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	95.95%	$5,625,266	96.49%	$186,441,589	97.70%	$149,245,956	97.01%	$341,312,811
Delinquency Status
CURRENT	5	$237,634	47	$4,352,054	42	$2,567,005	94	$7,156,693
30-59	0	$0	5	$417,333	1	$33,092	6	$450,425
60-89	0	$0	1	$122,227	2	$112,137	3	$234,364
90-119	0	$0	0	$0	1	$87,651	1	$87,651
120-179	0	$0	1	$164,348	1	$67,125	2	$231,473
180-269	0	$0	1	$28,368	4	$141,462	5	$169,830
270-359	0	$0	3	$177,783	0	$0	3	$177,783
360+	0	$0	16	$1,286,197	6	$469,329	22	$1,755,526
REO	0	$0	2	$228,928	1	$30,724	3	$259,652
90+REO	-	$0	23	$1,885,624	13	$796,291	36	$2,681,915
Loss To Date
% to Original Pool Balance	1.55%	$90,764	6.71%	$12,968,069	5.05%	$7,710,926	5.90%	$20,769,759
Severity	31.05%		48.61%		48.87%		48.59%
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	10.04%	$3,022,752	7.36%	$4,190,431
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%	13.50%	22.70%	9.20%

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	66	$4,374,353	0	$0	68	$4,469,411
LTV/WAC	67.43%	12.56%	65.85%	12.00%	0.00%	0.00%	65.88%	12.01%
A/A-	0	$0	7	$427,536	0	$0	7	$427,536
B	0	$0	4	$429,332	0	$0	4	$429,332
C	1	$37,383	11	$473,516	0	$0	12	$510,899
C-	1	$57,676	9	$461,147	0	$0	10	$518,822
D	0	$0	35	$2,582,821	0	$0	35	$2,582,821
Unknown	0	$0	0	$0	0	$0	0	$0
Paid Off	97.27%	$3,383,542	97.56%	$175,176,877	0.00%	$0	97.56%	$178,560,419
Delinquency Status
CURRENT	0	$0	44	$2,771,415	0	$0	44	$2,771,415
30-59	0	$0	4	$198,047	0	$0	4	$198,047
60-89	0	$0	0	$0	0	$0	0	$0
90-119	0	$0	1	$58,326	0	$0	1	$58,326
120-179	0	$0	1	$61,547	0	$0	1	$61,547
180-269	0	$0	2	$95,473	0	$0	2	$95,473
270-359	0	$0	1	$47,433	0	$0	1	$47,433
360+	2	$95,058	7	$602,405	0	$0	9	$697,463
REO	0	$0	6	$539,707	0	$0	6	$539,707
90+REO	2	$95,058	18	$1,404,891	-	$0	20	$1,499,949
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%

AAMES FINANCIAL CORP/DE 8-K