<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                       COLLATERAL PERFORMANCE BY
                                                    ORIGINATION CHANNEL/CREDIT GRADE
                                                  AAMES MORTGAGE TRUST, SERIES 1994-A
                                                            FIXED RATE LOANS


                                                        CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
                                RETAIL                  CORRESPONDENT                BROKER                         TOTAL
Category                    #            $              #              $             #         $                #           $
-----------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>      <C>            <C>           <C>            <C>       <C>             <C>         <C>
ORIGINAL POOL                  334   $11,608,770          6       $219,100           0         $0              340     $11,827,870
LTV/WAC                     50.65%        10.72%     60.44%         11.28%       0.00%      0.00%           50.83%          10.73%
A/A-                            20      $630,000          0             $0           0         $0               20        $630,000
B                              104    $3,623,440          2        $86,200           0         $0              106      $3,709,640
C                               39    $1,581,150          0             $0           0         $0               39      $1,581,150
C-                              20      $705,725          1        $46,600           0         $0               21        $752,325
D                               76    $2,596,655          0             $0           0         $0               76      $2,596,655
Unknown                         75    $2,471,800          3        $86,300           0         $0               78      $2,558,100
-----------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                  59    $1,686,927          3       $111,130           0         $0               62      $1,798,057
LTV/WAC                     52.24%        10.65%     59.92%         11.21%       0.00%      0.00%           52.72%          10.68%
A/A-                             3       $62,969          0             $0           0         $0                3         $62,969
B                               25      $618,831          1        $59,093           0         $0               26        $677,924
C                                8      $267,712          0             $0           0         $0                8        $267,712
C-                               1       $39,817          1        $35,625           0         $0                2         $75,442
D                               12      $353,794          0             $0           0         $0               12        $353,794
Unknown                         10      $343,804          1        $16,412           0         $0               11        $360,216
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                    80.57%    $9,353,365     40.76%        $89,300       0.00%         $0           79.83%      $9,442,665
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                         57    $1,642,479          3       $111,130           0         $0               60      $1,753,609
30-59                            0            $0          0             $0           0         $0                0              $0
60-89                            0            $0          0             $0           0         $0                0              $0
90-119                           2       $44,448          0             $0           0         $0                2         $44,448
120-179                          0            $0          0             $0           0         $0                0              $0
180-269                          0            $0          0             $0           0         $0                0              $0
270-359                          0            $0          0             $0           0         $0                0              $0
360+                             0            $0          0             $0           0         $0                0              $0
REO                              0            $0          0             $0           0         $0                0              $0
90+REO                           2       $44,448          -             $0           -         $0               $2         $44,448
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original                0.29%       $33,295      0.00%             $0       0.00%         $0            0.28%         $33,295
Severity                     8.47%                    0.00%                      0.00%                       8.47%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                         0.00%            $0      0.00%             $0       0.00%         $0            0.00%              $0
B                            0.35%       $12,778      0.00%             $0       0.00%         $0            0.34%         $12,778
C                            0.26%        $4,190      0.00%             $0       0.00%         $0            0.26%          $4,190
C-                         (1.10)%       ($7,743)     0.00%             $0       0.00%         $0          (1.03)%         ($7,743)
D                          (0.07)%       ($1,704)     0.00%             $0       0.00%         $0          (0.07)%         ($1,704)
Unknown                      1.04%       $25,773      0.00%             $0       0.00%         $0            1.01%         $25,773
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                      COLLATERAL PERFORMANCE BY
                                                  ORIGINATION CHANNEL/CREDIT GRADE
                                                AAMES MORTGAGE TRUST, SERIES 1994-B
                                                           FIXED RATE LOANS



                                                       CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
                                   RETAIL                CORRESPONDENT                 BROKER                    TOTAL
Category                         #        $              #            $              #          $          #                  $
------------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>      <C>             <C>       <C>               <C>        <C>             <C>         <C>
ORIGINAL POOL                  476   $17,797,985         25     $1,930,050           0         $0              501      $19,728,035
LTV/WAC                     54.73%        11.02%     57.62%         10.86%       0.00%      0.00%           55.01%           11.00%
NON/2-4                      7.47%         2.86%      0.00%          0.00%       0.00%      0.00%            6.74%            2.58%
Low/NIV                      0.00%         0.00%      8.81%         28.81%       0.00%      0.00%            0.86%            2.82%
A/A-                           142    $5,490,200          5       $361,950           0         $0              147       $5,852,150
B                              102    $3,884,745          1       $112,500           0         $0              103       $3,997,245
C                               85    $3,167,250          1       $105,000           0         $0               86       $3,272,250
C-                              16      $502,200          3       $221,700           0         $0               19         $723,900
D                              130    $4,729,590          4       $306,500           0         $0              134       $5,036,090
Unknown                          1       $24,000         11       $822,400           0         $0               12         $846,400
------------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                  95    $2,625,092          7       $460,273           0         $0              102       $3,085,364
LTV/WAC                     56.15%        10.81%     60.05%         10.38%       0.00%      0.00%           56.73%           10.75%
A/A-                            28      $778,015          2       $113,127           0         $0               30         $891,142
B                               21      $509,521          1       $106,817           0         $0               22         $616,339
C                               19      $531,285          0             $0           0         $0               19         $531,285
C-                               1       $23,625          1        $50,801           0         $0                2          $74,426
D                               25      $760,314          2        $99,938           0         $0               27         $860,252
Unknown                          1       $22,331          1        $89,589           0         $0                2         $111,921
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                    80.83%   $14,386,040     74.15%     $1,431,200       0.00%         $0           80.18%      $15,817,240
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                         91    $2,472,451          7       $460,273           0         $0               98       $2,932,724
30-59                            1       $12,892          0             $0           0         $0                1          $12,892
60-89                            1       $70,162          0             $0           0         $0                1          $70,162
90-119                           0            $0          0             $0           0         $0                0               $0
120-179                          0            $0          0             $0           0         $0                0               $0
180-269                          0            $0          0             $0           0         $0                0               $0
270-359                          0            $0          0             $0           0         $0                0               $0
360+                             2       $69,586          0             $0           0         $0                2          $69,586
REO                              0            $0          0             $0           0         $0                0               $0
90+REO                           2       $69,586          -             $0           -         $0               $2          $69,586
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original                1.12%      $200,161      0.00%             $0       0.00%         $0            1.01%         $200,161
Severity                    36.72%               #DIV/0!                         0.00%                      36.72%
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                         0.00%            $0      0.00%             $0       0.00%         $0            0.00%               $0
B                            1.46%       $56,674      0.00%             $0       0.00%         $0            1.42%          $56,674
C                            1.02%       $32,182      0.00%             $0       0.00%         $0            0.98%          $32,182
C-                           0.00%            $0      0.00%             $0       0.00%         $0            0.00%               $0
D                            2.35%      $111,305      0.00%             $0       0.00%         $0            2.21%         $111,305
Unknown                      0.00%            $0      0.00%             $0       0.00%         $0            0.00%               $0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

--------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                             ORIGINATION CHANNEL/CREDIT GRADE
                                           AAMES MORTGAGE TRUST, SERIES 1994-C
                                                      FIXED RATE LOANS


                                                    CHANNEL OF ORIGINATION
--------------------------------------------------------------------------------------------------------------------------
                                     RETAIL               CORRESPONDENT             BROKER               TOTAL
Category                         #             $            #        $            #       $             #         $
--------------------------------------------------------------------------------------------------------------------------
<S>                           <C>        <C>            <C>       <C>           <C>      <C>       <C>         <C>
ORIGINAL POOL                     713    $25,077,750       131    $7,834,805        0      $0          844    $32,912,555
LTV/WAC                        54.04%         11.73%    63.97%        12.22%    0.00%   0.00%       56.41%         11.84%
NON/2-4                         6.93%          4.50%     3.54%         8.53%    0.00%   0.00%        6.13%          5.46%
Low/NIV                        18.02%         21.53%     0.35%         2.80%    0.00%   0.00%       13.82%         17.07%
A/A-                              240     $9,276,640        36    $2,425,695        0      $0          276    $11,702,335
B                                  65     $2,726,585        13      $867,440        0      $0           78     $3,594,025
C                                 169     $5,819,950        29    $1,696,075        0      $0          198     $7,516,025
C-                                 28       $693,600        21    $1,504,166        0      $0           49     $2,197,766
D                                 207     $6,447,800        32    $1,341,429        0      $0          239     $7,789,229
Unknown                             4       $113,175         0            $0        0      $0            4       $113,175
--------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                    118     $3,926,653        21    $1,360,509        0      $0          139     $5,287,162
LTV/WAC                        54.56%         11.39%    65.55%        11.50%    0.00%   0.00%       57.39%         11.42%
A/A-                               49     $1,641,497         8      $561,214        0      $0           57     $2,202,711
B                                  16       $571,523         4      $378,766        0      $0           20       $950,289
C                                  22       $698,521         1       $39,211        0      $0           23       $737,732
C-                                  3        $62,101         4      $276,371        0      $0            7       $338,472
D                                  28       $953,011         4      $104,946        0      $0           32     $1,057,957
Unknown                             0             $0         0            $0        0      $0            0             $0
--------------------------------------------------------------------------------------------------------------------------
PAID OFF                       81.79%    $20,512,050    81.63%    $6,395,430    0.00%      $0       81.75%    $26,907,480
--------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                           112     $3,723,300        19    $1,214,644        0      $0          131     $4,937,944
30-59                               3        $89,403         0            $0        0      $0            3        $89,403
60-89                               0             $0         0            $0        0      $0            0             $0
90-119                              0             $0         0            $0        0      $0            0             $0
120-179                             1        $83,180         1       $86,894        0      $0            2       $170,074
180-269                             1        $10,249         1       $58,971        0      $0            2        $69,220
270-359                             0             $0         0            $0        0      $0            0             $0
360+                                1        $20,521         0            $0        0      $0            1        $20,521
REO                                 0             $0         0            $0        0      $0            0             $0
90+REO                              3       $113,950         2      $145,865        -      $0           $5       $259,815
--------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original                   1.25%       $313,172     3.45%      $270,155    0.00%      $0        1.77%       $583,327
Severity                       35.05%                   54.48%                  0.00%               41.98%
--------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                            1.91%       $176,728     1.51%       $36,639    0.00%      $0        1.82%       $213,367
B                               0.00%             $0     0.00%            $0    0.00%      $0        0.00%             $0
C                               0.45%        $25,910     6.56%      $111,275    0.00%      $0        1.83%       $137,185
C-                              0.00%             $0     1.68%       $25,297    0.00%      $0        1.15%        $25,297
D                               1.71%       $110,533     7.23%       $96,943    0.00%      $0        2.66%       $207,476
Unknown                         0.00%             $0     0.00%            $0    0.00%      $0        0.00%             $0
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

----------------------------------------------------------------------------------------------------------------------------------
                                                       COLLATERAL PERFORMANCE BY
                                                    ORIGINATION CHANNEL/CREDIT GRADE
                                                   AAMES MORTGAGE TRUST, SERIES 1994-D
                                                           FIXED RATE LOANS


                                                         CHANNEL OF ORIGINATION
----------------------------------------------------------------------------------------------------------------------------------
                                  RETAIL                CORRESPONDENT               BROKER                      TOTAL
Category                       #             $           #            $            #        $               #            $
----------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>         <C>            <C>        <C>            <C>     <C>              <C>         <C>
ORIGINAL POOL                  745      $28,574,595        75     $4,703,203         0      $0               820      $33,277,798
LTV/WAC                     55.81%           11.72%    63.20%         12.15%     0.00%   0.00%            56.86%           11.78%
NON/2-4                      8.60%            3.93%     0.00%          8.19%     0.00%   0.00%             7.39%            4.53%
Low/NIV                     33.62%           38.89%    13.34%         33.44%     0.00%   0.00%            30.76%           38.12%
A/A-                           278      $12,205,295        19     $1,263,000         0      $0               297      $13,468,295
B                               64       $2,887,100        22     $1,251,650         0      $0                86       $4,138,750
C                              200       $6,929,000        15       $684,350         0      $0               215       $7,613,350
C-                              49       $1,752,900        13       $933,003         0      $0                62       $2,685,903
D                              154       $4,800,300         6       $571,200         0      $0               160       $5,371,500
Unknown                          0               $0         0             $0         0      $0                 0               $0
----------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                 126       $4,713,140        15       $852,939         0      $0               141       $5,566,079
LTV/WAC                     59.38%           11.33%    61.67%         11.71%     0.00%   0.00%            59.73%           11.39%
A/A-                            62       $2,661,440         4       $188,535         0      $0                66       $2,849,975
B                               12         $493,914         3       $114,675         0      $0                15         $608,589
C                               37       $1,141,999         6       $292,273         0      $0                43       $1,434,272
C-                               4         $115,133         2       $257,456         0      $0                 6         $372,589
D                               11         $300,654         0             $0         0      $0                11         $300,654
Unknown                          0               $0         0             $0         0      $0                 0               $0
----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                    80.58%      $23,026,495    80.63%     $3,792,055     0.00%      $0            80.59%      $26,818,550
----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                        120       $4,424,210        15       $852,939         0      $0               135       $5,277,149
30-59                            0               $0         0             $0         0      $0                 0               $0
60-89                            2          $57,689         0             $0         0      $0                 2          $57,689
90-119                           0               $0         0             $0         0      $0                 0               $0
120-179                          0               $0         0             $0         0      $0                 0               $0
180-269                          2         $156,672         0             $0         0      $0                 2         $156,672
270-359                          0               $0         0             $0         0      $0                 0               $0
360+                             2          $74,570         0             $0         0      $0                 2          $74,570
REO                              0               $0         0             $0         0      $0                 0               $0
90+REO                           4         $231,242         -             $0         -      $0                $4         $231,242
----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original                0.77%         $221,183     6.24%       $293,461     0.00%      $0             1.55%         $514,644
Severity                    20.96%                     37.56%                    0.00%                    28.02%
----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                         0.10%          $11,633    14.62%       $184,599     0.00%      $0             1.46%         $196,232
B                            0.21%           $5,927     0.00%             $0     0.00%      $0             0.14%           $5,927
C                            1.62%         $112,040     4.71%        $32,227     0.00%      $0             1.89%         $144,267
C-                           3.15%          $55,159    (1.24)%      ($11,543)    0.00%      $0             1.62%          $43,616
D                            0.76%          $36,423    15.44%        $88,178     0.00%      $0             2.32%         $124,601
Unknown                      0.00%               $0     0.00%             $0     0.00%      $0             0.00%               $0
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

---------------------------------------------------------------------------------------------------------------------------------
                                                       COLLATERAL PERFORMANCE BY
                                                  ORIGINATION CHANNEL/CREDIT GRADE
                                                 AAMES MORTGAGE TRUST, SERIES 1995-A
                                                           FIXED RATE LOANS


                                                       CHANNEL OF ORIGINATION
---------------------------------------------------------------------------------------------------------------------------------
                         RETAIL                        CORRESPONDENT        BROKER                   TOTAL
Category                   #            $             #           $            #         $             #                $
---------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>         <C>            <C>       <C>             <C>       <C>               <C>       <C>
ORIGINAL POOL                531      $21,565,150       265    $15,533,351         0        $0                796    $37,098,501
LTV/WAC                   54.50%           12.21%    64.23%         12.86%     0.00%     0.00%             58.57%         12.48%
NON/2-4                    7.91%            2.99%     8.36%          7.67%     0.00%     0.00%              8.10%          4.95%
Low/NIV                   31.27%           41.49%    14.42%         42.30%     0.00%     0.00%             24.21%         41.83%
A/A-                         187       $8,145,050        76     $4,664,777         0        $0                263    $12,809,827
B                             42       $1,803,400        61     $3,506,720         0        $0                103     $5,310,120
C                            163       $6,658,500        56     $3,118,735         0        $0                219     $9,777,235
C-                            52       $1,472,900        37     $2,797,721         0        $0                 89     $4,270,621
D                             84       $3,376,700        35     $1,445,398         0        $0                119     $4,822,098
Unknown                        3         $108,600         0             $0         0        $0                  3       $108,600
---------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL               101       $3,398,781        31     $1,527,193         0        $0                132     $4,925,974
LTV/WAC                   54.60%           11.94%    65.39%         12.73%     0.00%     0.00%             57.95%         12.18%
A/A-                          40       $1,377,619        12       $620,467         0        $0                 52     $1,998,086
B                              6         $292,531         4       $111,094         0        $0                 10       $403,625
C                             29         $964,754         8       $372,569         0        $0                 37     $1,337,323
C-                            10         $222,108         4       $346,344         0        $0                 14       $568,452
D                             16         $541,769         3        $76,719         0        $0                 19       $618,488
Unknown                        0               $0         0             $0         0        $0                  0             $0
---------------------------------------------------------------------------------------------------------------------------------
PAID OFF                  81.31%      $17,534,050    89.42%    $13,890,631     0.00%        $0             84.71%    $31,424,681
---------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                       95       $3,162,484        23     $1,116,624         0        $0                118     $4,279,108
30-59                          1          $28,826         0             $0         0        $0                  1        $28,826
60-89                          1          $14,695         1        $30,426         0        $0                  2        $45,121
90-119                         1          $20,264         0             $0         0        $0                  1        $20,264
120-179                        1          $17,426         3       $171,227         0        $0                  4       $188,653
180-269                        0               $0         0             $0         0        $0                  0             $0
270-359                        0               $0         0             $0         0        $0                  0             $0
360+                           1          $68,010         4       $208,917         0        $0                  5       $276,927
REO                            1          $87,077         0             $0         0        $0                  1        $87,077
90+REO                         4         $192,777         7       $380,144         -        $0                $11       $572,921
---------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original              0.57%         $122,567     7.18%     $1,115,837     0.00%        $0              3.34%     $1,238,404
Severity                  16.61%                     53.35%                    0.00%                       43.77%
---------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                       0.32%          $26,090     7.09%       $330,822     0.00%        $0              2.79%       $356,912
B                          0.00%               $0     3.74%       $131,169     0.00%        $0              2.47%       $131,169
C                          0.24%          $16,312    10.60%       $330,567     0.00%        $0              3.55%       $346,879
C-                         0.26%           $3,808     3.23%        $90,259     0.00%        $0              2.20%        $94,067
D                          2.26%          $76,358    16.12%       $233,020     0.00%        $0              6.42%       $309,378
Unknown                    0.00%               $0     0.00%             $0     0.00%        $0              0.00%             $0
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                   COLLATERAL PERFORMANCE BY
                                                ORIGINATION CHANNEL/CREDIT GRADE
                                               AAMES MORTGAGE TRUST, SERIES 1995-B
                                                         FIXED RATE LOANS


                                                       CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
                         RETAIL                           CORRESPONDENT        BROKER                  TOTAL
Category                   #              $             #            $           #         $             #                 $
------------------------------------------------------------------------------------------------------------------------------------
<S>                        <C>          <C>            <C>        <C>            <C>       <C>               <C>        <C>
ORIGINAL POOL                 417       $16,390,500       425     $23,630,253        0        $0                842     $40,020,753
LTV/WAC                    58.00%            12.26%    63.17%          13.72%    0.00%     0.00%             61.05%          13.12%
NON/2-4                     7.85%             2.32%     5.96%           5.98%    0.00%     0.00%              6.73%           4.48%
Low/NIV                    28.10%            36.30%    17.77%          52.79%    0.00%     0.00%             22.01%          46.04%
A/A-                          157        $6,285,800        96      $5,771,612        0        $0                253     $12,057,412
B                              95        $4,431,350        91      $4,956,509        0        $0                186      $9,387,859
C                             100        $3,533,150        75      $3,924,970        0        $0                175      $7,458,120
C-                             38        $1,164,400        89      $4,857,400        0        $0                127      $6,021,800
D                              26          $920,200        74      $4,119,762        0        $0                100      $5,039,962
Unknown                         1           $55,600         0              $0        0        $0                  1         $55,600
------------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                 81        $3,053,361        44      $2,553,707        0        $0                125      $5,607,068
LTV/WAC                    59.17%            11.99%    64.76%          13.33%    0.00%     0.00%             61.72%          12.60%
A/A-                           32        $1,246,413         7        $602,739        0        $0                 39      $1,849,152
B                              20          $996,574        14        $596,698        0        $0                 34      $1,593,273
C                              21          $559,689        10        $505,624        0        $0                 31      $1,065,313
C-                              4          $151,649         9        $615,839        0        $0                 13        $767,488
D                               4           $99,035         4        $232,807        0        $0                  8        $331,843
Unknown                         0                $0         0              $0        0        $0                  0              $0
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                   78.21%       $12,818,300    88.56%     $20,927,593    0.00%        $0             84.32%     $33,745,893
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                        78        $2,923,681        37      $2,024,261        0        $0                115      $4,947,942
30-59                           2          $102,272         1         $29,842        0        $0                  3        $132,114
60-89                           0                $0         0              $0        0        $0                  0              $0
90-119                          0                $0         0              $0        0        $0                  0              $0
120-179                         0                $0         2         $95,262        0        $0                  2         $95,262
180-269                         0                $0         0              $0        0        $0                  0              $0
270-359                         0                $0         0              $0        0        $0                  0              $0
360+                            0                $0         3        $180,042        0        $0                  3        $180,042
REO                             1           $27,409         1        $224,300        0        $0                  2        $251,709
90+REO                          1           $27,409         6        $499,604        -        $0                 $7        $527,013

------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original               0.72%          $117,310     9.75%      $2,303,758    0.00%        $0              6.05%      $2,421,068
Severity                   40.09%                      59.02%                    0.00%                       57.70%
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                       -0.07%           ($4,157)    3.39%        $195,916    0.00%        $0              1.59%        $191,759
B                           0.00%                $0     3.46%        $171,260    0.00%        $0              1.82%        $171,260
C                           1.72%           $60,694     5.57%        $218,552    0.00%        $0              3.74%        $279,246
C-                          0.37%            $4,320    10.13%        $492,172    0.00%        $0              8.24%        $496,492
D                           6.13%           $56,453    29.76%      $1,225,857    0.00%        $0             25.44%      $1,282,310
Unknown                     0.00%                $0     0.00%              $0    0.00%        $0              0.00%              $0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                           AAMES MORTGAGE TRUST, SERIES 1995-C
                                                     FIXED RATE LOANS


                                                  CHANNEL OF ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
                               RETAIL                 CORRESPONDENT              BROKER                    TOTAL
Category                    #           $            #            $            #         $             #                 $
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>        <C>             <C>       <C>             <C>       <C>              <C>         <C>
ORIGINAL POOL                 737    $28,579,800        319    $20,707,288         0        $0               1056      $49,287,088
LTV/WAC                    57.06%         11.67%     63.90%         13.38%     0.00%     0.00%             59.94%           12.39%
NON/2-4                     6.47%          2.41%      5.52%          4.98%     0.00%     0.00%              6.07%            3.49%
Low/NIV                    32.58%         23.17%     15.39%         47.25%     0.00%     0.00%             25.36%           33.29%
A/A-                          271    $11,320,400         56     $4,819,334         0        $0                327      $16,139,734
B                             238     $9,368,100         70     $3,712,039         0        $0                308      $13,080,139
C                             145     $5,033,600         66     $3,339,858         0        $0                211       $8,373,458
C-                             52     $1,899,200         65     $4,544,239         0        $0                117       $6,443,439
D                              31       $958,500         62     $4,291,818         0        $0                 93       $5,250,318
Unknown                         0             $0          0             $0         0        $0                  0               $0
-----------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                133     $4,522,397         45     $3,225,630         0        $0                178       $7,748,027
LTV/WAC                    56.58%         11.41%     67.63%         12.58%     0.00%     0.00%             61.18%           11.90%
A/A-                           57     $2,059,527         16     $1,302,275         0        $0                 73       $3,361,802
B                              38     $1,322,354         10       $652,943         0        $0                 48       $1,975,296
C                              29       $878,679          6       $195,459         0        $0                 35       $1,074,138
C-                              5       $166,617          7       $420,361         0        $0                 12         $586,978
D                               4        $95,220          6       $654,592         0        $0                 10         $749,812
Unknown                         0             $0          0             $0         0        $0                  0               $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                   81.45%    $23,277,200     83.64%    $17,319,649     0.00%        $0             82.37%      $40,596,849
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                       129     $4,355,324         36     $2,438,838         0        $0                165       $6,794,162
30-59                           3       $119,012          0             $0         0        $0                  3         $119,012
60-89                           0             $0          0             $0         0        $0                  0               $0
90-119                          0             $0          1        $43,740         0        $0                  1          $43,740
120-179                         0             $0          0             $0         0        $0                  0               $0
180-269                         0             $0          1        $44,227         0        $0                  1          $44,227
270-359                         1        $48,061          1        $37,412         0        $0                  2          $85,473
360+                            0             $0          4       $549,956         0        $0                  4         $549,956
REO                             0             $0          2       $111,457         0        $0                  2         $111,457
90+REO                          1        $48,061          9       $786,792         -        $0                $10         $834,853
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original               0.49%       $140,709      9.65%     $1,998,226     0.00%        $0              4.34%       $2,138,935
Severity                   19.80%                    48.67%                    0.00%                       44.41%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                        0.03%         $2,932      5.68%       $273,634     0.00%        $0              1.71%         $276,566
B                           0.73%        $68,696      2.67%        $99,193     0.00%        $0              1.28%         $167,889
C                           1.11%        $55,784     10.90%       $364,099     0.00%        $0              5.01%         $419,883
C-                          0.70%        $13,297      6.55%       $297,427     0.00%        $0              4.82%         $310,724
D                           0.00%             $0     22.46%       $963,873     0.00%        $0             18.36%         $963,873
Unknown                     0.00%             $0      0.00%             $0     0.00%        $0              0.00%               $0
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

---------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                             ORIGINATION CHANNEL/CREDIT GRADE
                                           AAMES MORTGAGE TRUST, SERIES 1995-D
                                                     FIXED RATE LOANS


                                                  CHANNEL OF ORIGINATION
---------------------------------------------------------------------------------------------------------------------------------
                                RETAIL                  CORRESPONDENT             BROKER                      TOTAL
Category                   #             $             #            $           #         $             #               $
---------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>          <C>             <C>      <C>             <C>        <C>           <C>         <C>
ORIGINAL POOL                1268      $58,411,200        482   $31,678,815         0         $0             1750    $90,090,015
LTV/WAC                    60.90%           10.55%     64.94%        12.80%     0.00%      0.00%           62.32%         11.34%
NON/2-4                     6.24%            1.41%      3.23%         4.40%     0.00%      0.00%            5.18%          2.46%
Low/NIV                    29.92%           15.65%     10.70%        50.73%     0.00%      0.00%           23.16%         27.99%
A/A-                          497      $25,180,800        117    $8,847,013         0         $0              614    $34,027,813
B                             302      $14,536,100         84    $5,096,059         0         $0              386    $19,632,159
C                             317      $12,798,800         96    $6,207,350         0         $0              413    $19,006,150
C-                            105       $4,256,600        104    $5,880,421         0         $0              209    $10,137,021
D                              47       $1,638,900         81    $5,647,972         0         $0              128     $7,286,872
Unknown                         0               $0          0            $0         0         $0                0             $0
---------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                299      $12,501,254        104    $6,265,597         0         $0              403    $18,766,851
LTV/WAC                    62.01%           10.30%     66.68%        12.24%     0.00%      0.00%           63.57%         10.95%
A/A-                          126       $5,884,418         35    $2,417,189         0         $0              161     $8,301,608
B                              65       $3,169,400         20    $1,244,131         0         $0               85     $4,413,531
C                              80       $2,467,308         20    $1,053,830         0         $0              100     $3,521,138
C-                             23         $865,063         15      $743,962         0         $0               38     $1,609,025
D                               5         $115,065         14      $806,484         0         $0               19       $921,550
Unknown                         0               $0          0            $0         0         $0                0             $0
---------------------------------------------------------------------------------------------------------------------------------
PAID OFF                   75.69%      $44,208,700     79.25%   $25,106,530     0.00%         $0           76.94%    $69,315,230
---------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                       287      $11,962,129         87    $5,596,473         0         $0              374    $17,558,602
30-59                           2          $94,434          3      $101,092         0         $0                5       $195,526
60-89                           3         $119,790          3       $78,380         0         $0                6       $198,170
90-119                          2          $93,427          0            $0         0         $0                2        $93,427
120-179                         2         $117,560          2      $119,937         0         $0                4       $237,497
180-269                         1          $37,671          0            $0         0         $0                1        $37,671
270-359                         0               $0          0            $0         0         $0                0             $0
360+                            0               $0          8      $306,143         0         $0                8       $306,143
REO                             2          $76,244          1       $63,572         0         $0                3       $139,816
90+REO                          7         $324,902         11      $489,652         -         $0              $18       $814,554
---------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original               0.44%         $257,949      8.04%    $2,546,390     0.00%         $0            3.11%     $2,804,339
Severity                   22.54%                      49.80%                   0.00%                      44.82%
---------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                        0.07%          $16,657      3.11%      $275,304     0.00%         $0            0.86%       $291,961
B                           0.72%         $104,666      7.32%      $372,821     0.00%         $0            2.43%       $477,487
C                           0.21%          $26,324      6.79%      $421,603     0.00%         $0            2.36%       $447,927
C-                          1.63%          $69,313     11.44%      $672,804     0.00%         $0            7.32%       $742,117
D                           2.50%          $40,988     14.23%      $803,857     0.00%         $0           11.59%       $844,845
Unknown                     0.00%               $0      0.00%            $0     0.00%         $0            0.00%             $0
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1996-A
                                                      FIXED RATE LOANS


                                                   CHANNEL OF ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
                                RETAIL                  CORRESPONDENT              BROKER                     TOTAL
Category                    #             $             #           $            #         $            #                $
-----------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>         <C>            <C>       <C>             <C>       <C>           <C>          <C>
ORIGINAL POOL                  954      $42,687,500       770    $57,454,950          0       $0             1724     $100,142,450
LTV/WAC                     62.48%           10.85%    65.10%         12.54%      0.00%    0.00%           63.98%           11.82%
NON/2-4                      6.53%            3.73%     2.54%          4.33%      0.00%    0.00%            4.24%            4.07%
Low/NIV                     38.95%            9.62%     7.82%         48.94%      0.00%    0.00%           21.09%           32.18%
A/A-                           338      $17,136,400       165    $13,896,968          0       $0              503      $31,033,368
B                              247      $11,851,100        84     $7,101,987          0       $0              331      $18,953,087
C                              212       $8,196,800       101     $6,452,996          0       $0              313      $14,649,796
C-                             112       $4,102,400       119     $7,729,884          0       $0              231      $11,832,284
D                               45       $1,400,800       301    $22,273,115          0       $0              346      $23,673,915
Unknown                          0               $0         0             $0          0       $0                0               $0
-----------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                 260      $12,283,661       169    $11,841,796          0       $0              429      $24,125,457
LTV/WAC                     65.85%           10.48%    66.25%         11.98%      0.00%    0.00%           66.05%           11.21%
A/A-                           104       $5,519,741        51     $4,240,943          0       $0              155       $9,760,684
B                               66       $3,354,255        19     $1,697,630          0       $0               85       $5,051,886
C                               66       $2,766,829        22     $1,011,152          0       $0               88       $3,777,981
C-                              15         $394,635        23     $1,422,657          0       $0               38       $1,817,292
D                                9         $248,201        54     $3,469,413          0       $0               63       $3,717,614
Unknown                          0               $0         0             $0          0       $0                0               $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                    67.40%      $28,769,800    78.59%    $45,154,516      0.00%       $0           73.82%      $73,924,316
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                        242      $11,372,411       129     $9,177,677          0       $0              371      $20,550,088
30-59                            6         $470,722         6       $540,265          0       $0               12       $1,010,987
60-89                            2          $51,235         3       $150,640          0       $0                5         $201,875
90-119                           0               $0         1       $126,640          0       $0                1         $126,640
120-179                          1          $10,336         2        $87,639          0       $0                3          $97,975
180-269                          3         $164,850         5       $359,906          0       $0                8         $524,756
270-359                          1          $13,663         1        $29,097          0       $0                2          $42,760
360+                             1          $10,622        15     $1,053,564          0       $0               16       $1,064,186
REO                              4         $189,821         7       $316,369          0       $0               11         $506,190
90+REO                          10         $389,292        31     $1,973,215          -       $0              $41       $2,362,507
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original                1.08%         $460,999     6.58%     $3,782,143      0.00%       $0            4.24%       $4,243,142
Severity                    38.41%                     48.72%                     0.00%                    47.34%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                         0.81%         $137,949     4.22%       $586,714      0.00%       $0            2.34%         $724,663
B                            0.52%          $61,418     4.06%       $288,093      0.00%       $0            1.84%         $349,511
C                            1.41%         $115,325     3.51%       $226,775      0.00%       $0            2.34%         $342,100
C-                           2.89%         $118,547    11.51%       $890,001      0.00%       $0            8.52%       $1,008,548
D                            1.98%          $27,761     8.04%     $1,790,560      0.00%       $0            7.68%       $1,818,321
Unknown                      0.00%               $0     0.00%             $0      0.00%       $0            0.00%               $0
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

---------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1996-B
                                                    FIXED RATE LOANS


                                                  CHANNEL OF ORIGINATION
---------------------------------------------------------------------------------------------------------------------------------
                               RETAIL                  CORRESPONDENT                 BROKER                  TOTAL
Category                   #             $             #            $            #          $           #              $
---------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>         <C>              <C>       <C>             <C>        <C>         <C>        <C>
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%         5.48%            5.60%
Low/NIV                    34.30%          10.45%       6.22%         52.78%      0.00%     0.00%        20.85%           30.72%
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                355     $16,790,792         211    $14,919,801          0        $0           566      $31,710,593
LTV/WAC                    64.08%          10.59%      66.91%         12.20%      0.00%     0.00%        65.41%           11.35%
A/A-                          151      $8,729,507          64     $5,496,749          0        $0           215      $14,226,256
B                              73      $4,111,276          28     $1,949,453          0        $0           101       $6,060,729
C                              58      $1,835,998          33     $2,413,712          0        $0            91       $4,249,710
C-                             35      $1,343,065          16       $893,543          0        $0            51       $2,236,608
D                              20        $476,854          70     $4,166,344          0        $0            90       $4,643,198
Unknown                        18        $294,091           0             $0          0        $0            18         $294,091
---------------------------------------------------------------------------------------------------------------------------------
PAID OFF                   69.95%     $43,690,515      73.15%    $41,995,615      0.00%        $0        71.48%      $85,686,130
---------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                       322     $15,352,131         140    $10,009,615          0        $0           462      $25,361,746
30-59                           9        $328,940           6       $372,100          0        $0            15         $701,040
60-89                           3         $61,930           9       $541,937          0        $0            12         $603,867
90-119                          0              $0           1        $44,972          0        $0             1          $44,972
120-179                         4        $109,436           3       $363,568          0        $0             7         $473,004
180-269                         8        $472,198           5       $281,390          0        $0            13         $753,588
270-359                         2         $95,920           6       $448,052          0        $0             8         $543,972
360+                            5        $217,477          30     $2,189,829          0        $0            35       $2,407,306
REO                             2        $152,761          11       $668,338          0        $0            13         $821,099
90+REO                         21      $1,047,792          56     $3,996,149          -        $0           $77       $5,043,941
---------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original               0.84%        $522,697       8.28%     $4,754,776      0.00%        $0         4.40%       $5,277,473
Severity                   39.60%                      51.53%                     0.00%                  50.04%
---------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                        0.67%        $174,321       3.48%       $490,752      0.00%        $0         1.66%         $665,073
B                           0.10%         $14,432       7.30%       $544,008      0.00%        $0         2.49%         $558,440
C                           0.52%         $52,412       8.04%       $688,779      0.00%        $0         3.99%         $741,191
C-                          2.17%        $129,466       6.82%       $411,099      0.00%        $0         4.50%         $540,565
D                           1.03%         $31,621      12.33%     $2,620,138      0.00%        $0        10.90%       $2,651,759
Unknown                     4.81%        $120,445       0.00%             $0      0.00%        $0         4.81%         $120,445
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1996-C
                                                     FIXED RATE LOANS


                                                 CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
                                 RETAIL                CORRESPONDENT                 BROKER                      TOTAL
Category                    #             $            #            $            #           $              #               $
-----------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>        <C>            <C>        <C>            <C>       <C>             <C>         <C>
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%       7.06%            7.55%
Low/NIV                     26.88%          23.18%     6.68%          50.43%     0.00%         13.99%      13.50%           28.98%
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                 458     $19,960,342       217     $14,500,174       253    $15,798,747         928      $50,259,263
LTV/WAC                     62.64%          10.42%    67.08%          12.47%    66.51%         10.50%      65.14%           11.03%
A/A-                           214     $10,521,302        61      $4,696,398       155    $10,563,574         430      $25,781,274
B                              115      $5,411,847        25      $1,748,616        58     $3,522,745         198      $10,683,208
C                               80      $2,634,148        30      $1,883,884        40     $1,712,427         150       $6,230,460
C-                              27        $815,371        22      $1,475,009         0             $0          49       $2,290,379
D                               22        $577,674        79      $4,696,268         0             $0         101       $5,273,942
Unknown                          0              $0         0              $0         0             $0           0               $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                    70.57%     $52,858,400    71.96%     $38,322,213    65.13%    $30,813,468      69.53%     $121,994,081
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                        417     $18,358,289       159     $10,584,832       226    $14,242,055         802      $43,185,176
30-59                            7        $405,331         4        $328,516         4       $257,318          15         $991,165
60-89                            5        $156,982         5        $446,621         1        $41,101          11         $644,704
90-119                           2        $139,903         3        $206,350         0             $0           5         $346,253
120-179                          5        $206,104         2         $83,064         4       $327,234          11         $616,402
180-269                          1         $48,934         4        $328,544         4       $191,655           9         $569,133
270-359                          5        $255,294         4        $166,838         2        $58,059          11         $480,191
360+                            14        $315,595        23      $1,555,359         7       $475,090          44       $2,346,044
REO                              2         $73,911        13        $800,051         5       $206,235          20       $1,080,197
90+REO                          29      $1,039,741        49      $3,140,206        22     $1,258,273        $100       $5,438,220
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original                0.61%        $458,974     6.52%      $3,471,468     3.17%     $1,500,716       3.10%       $5,431,158
Severity                    40.22%                    53.07%                    42.04%                     48.27%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                         0.12%         $43,010     1.55%        $212,024     2.10%       $588,603       1.10%         $843,637
B                            0.58%        $111,576     2.93%        $195,211     3.49%       $435,160       1.93%         $741,947
C                            0.71%         $80,242     4.92%        $341,144     6.75%       $448,836       3.50%         $870,222
C-                           1.94%        $105,052     6.14%        $402,056     0.00%             $0       4.23%         $507,108
D                            3.28%        $119,095    11.94%      $2,321,032    25.53%        $28,117      10.65%       $2,468,244
Unknown                      0.00%              $0     0.00%              $0     0.00%             $0       0.00%               $0
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                             AAMES MORTGAGE TRUST, SERIES 1996-D
                                                      FIXED RATE LOANS


                                                   CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
                               RETAIL              CORRESPONDENT                  BROKER                       TOTAL
Category                    #         $             #            $            #            $             #                $
----------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>     <C>            <C>        <C>            <C>       <C>             <C>           <C>
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%     66.25%        10.52%       66.73%            11.16%
NON/2-4                      4.41%        3.89%      5.67%         11.69%     12.79%         8.07%        7.11%             7.41%
Low/NIV                     27.33%       13.17%      6.49%         40.53%      2.14%        43.05%       14.04%            29.74%
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    $13,048,515        155    $6,955,207          655       $29,673,722
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                 684  $32,703,197        337    $20,729,759        384   $25,895,394         1405       $79,328,350
LTV/WAC                     70.01%       10.34%     68.64%         12.07%     66.94%        10.20%       68.65%            10.74%
A/A-                           406  $22,596,749        108     $7,477,083        227   $17,630,134          741       $47,703,965
B                              136   $5,780,570         65     $4,077,257         86    $5,291,170          287       $15,148,997
C                               78   $2,429,044         63     $3,664,296         50    $2,064,988          191        $8,158,327
C-                              28     $947,326         29     $1,564,134          4      $143,998           61        $2,655,459
D                               36     $949,508         72     $3,946,989         17      $765,104          125        $5,661,602
Unknown                          0           $0          0             $0          0            $0            0                $0
----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                    64.67%  $65,831,200     70.98%    $52,182,671     59.78%   $40,127,330       65.23%      $158,141,201
----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                        622  $29,535,302        229    $14,221,949        335   $23,351,362         1186       $67,108,613
30-59                           23     $929,533         11       $482,960          6      $405,558           40        $1,818,051
60-89                            7     $564,504          3       $348,164          2       $59,254           12          $971,922
90-119                           4      $85,232          0             $0          3      $122,358            7          $207,590
120-179                          8     $533,950          9       $555,073          4      $222,154           21        $1,311,177
180-269                          3     $109,814          7       $339,196          2      $116,195           12          $565,205
270-359                          3     $209,669          6       $334,268          4      $261,198           13          $805,135
360+                            11     $669,009         46     $2,765,922         19      $833,116           76        $4,268,047
REO                              3      $66,184         26     $1,682,226          9      $524,199           38        $2,272,609
90+REO                          32   $1,673,858         94     $5,676,685         41    $2,079,220         $167        $9,429,763
----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original                0.66%     $667,673      8.98%     $6,603,077      3.08%    $2,067,992        3.85%        $9,338,742
Severity                    40.81%                  62.31%                    51.36%                     57.44%
----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                         0.28%     $181,336      7.19%     $1,839,239      0.91%      $363,392        1.84%        $2,383,967
B                            1.06%     $205,676      6.85%       $955,777      4.52%      $714,381        3.82%        $1,875,834
C                            1.06%     $102,413     10.04%     $1,309,531      9.11%      $633,635        6.89%        $2,045,579
C-                           1.93%      $72,328     11.02%       $586,250      7.95%       $83,065        7.34%          $741,643
D                            2.12%     $105,920     12.23%     $1,912,280      8.51%      $273,518        9.62%        $2,291,718
Unknown                      0.00%           $0      0.00%             $0      0.00%            $0        0.00%                $0
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1997-A
                                                     FIXED RATE LOANS


                                                  CHANNEL OF ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
                                 RETAIL             CORRESPONDENT                  BROKER                      TOTAL
Category                   #           $            #             $            #           $              #               $
-----------------------------------------------------------------------------------------------------------------------------------
<S>                        <C>      <C>             <C>        <C>            <C>       <C>                <C>        <C>
ORIGINAL POOL               2226   $112,665,600        712     $47,333,513       805    $56,810,229           3743    $216,809,342
LTV/WAC                   69.49%         10.29%     69.40%          11.84%    66.71%         10.22%         68.74%          10.61%
NON/2-4                    5.22%          4.12%      4.44%           8.87%    13.92%          7.79%          7.33%           6.12%
Low/NIV                   24.60%          4.89%      7.48%          42.04%     5.11%         40.66%         15.75%          22.37%
A/A-                        1168    $69,976,700        210     $18,104,137       459    $36,285,539           1837    $124,366,376
B                            564    $25,650,100        155     $11,555,391       176    $12,224,490            895     $49,429,981
C                            277     $9,231,400        145      $7,508,959        86     $4,249,865            508     $20,990,224
C-                            68     $2,166,200         50      $2,406,000        20     $1,099,550            138      $5,671,750
D                            149     $5,641,200        151      $7,726,426        64     $2,950,785            364     $16,318,411
Unknown                        0             $0          1         $32,600         0             $0              1         $32,600
-----------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL               899    $45,684,366        264     $16,611,801       378    $26,842,743           1541     $89,138,910
LTV/WAC                   70.11%         10.03%     69.95%          11.56%    66.53%          9.94%         69.00%          10.29%
A/A-                         518    $31,150,050         80      $6,607,846       239    $18,586,429            837     $56,344,325
B                            219     $9,388,671         67      $4,552,415        79     $5,189,202            365     $19,130,288
C                             93     $2,852,379         54      $2,538,413        35     $1,643,474            182      $7,034,267
C-                            24       $662,487         12        $415,054         5       $333,123             41      $1,410,665
D                             45     $1,630,779         51      $2,498,072        20     $1,090,515            116      $5,219,366
Unknown                        0             $0          0              $0         0             $0              0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                  55.94%    $63,024,900     63.04%     $29,837,500    50.86%    $28,893,215         56.16%    $121,755,615
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                      819    $41,580,639        202     $12,430,675       339    $24,117,399           1360     $78,128,713
30-59                         18       $963,633          4        $441,570         2        $79,081             24      $1,484,284
60-89                          3       $186,497          2        $195,004         2        $93,465              7        $474,966
90-119                         5       $283,834          3         $78,753         4       $248,757             12        $611,344
120-179                       13       $728,605          6        $221,035         4       $271,156             23      $1,220,796
180-269                        8       $252,477          6        $309,720         7       $404,125             21        $966,322
270-359                        4       $130,138         11        $574,601         2       $191,304             17        $896,043
360+                          17       $918,454         21      $1,611,055         7       $716,278             45      $3,245,787
REO                           12       $640,089          9        $749,387        11       $721,178             32      $2,110,654
90+REO                        59     $2,953,597         56      $3,544,551        35     $2,552,798           $150      $9,050,946
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original              1.05%     $1,179,701      5.64%      $2,668,072     2.55%     $1,447,144          2.44%      $5,294,917
Severity                  44.31%                    64.75%                    35.79%                        48.90%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                       0.48%       $338,874      3.29%        $595,020     1.56%       $565,260          1.21%      $1,499,154
B                          1.24%       $318,657      4.42%        $510,172     2.70%       $330,620          2.35%      $1,159,449
C                          2.20%       $203,441      6.66%        $500,238     6.38%       $270,969          4.64%        $974,648
C-                         1.82%        $39,469     15.49%        $372,579     5.41%        $59,473          8.31%        $471,521
D                          4.95%       $279,260      8.93%        $690,063     7.48%       $220,822          7.29%      $1,190,145
Unknown                    0.00%             $0      0.00%              $0     0.00%             $0          0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                             ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1997-B
                                                     FIXED RATE LOANS


                                                   CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
                                 RETAIL              CORRESPONDENT                   BROKER                       TOTAL
Category                   #            $            #             $             #            $              #               $
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>        <C>             <C>         <C>            <C>        <C>              <C>       <C>
ORIGINAL POOL               1836     $97,362,200        752      $50,943,403       605     $41,970,575        3193    $190,276,178
LTV/WAC                   68.31%          10.41%     68.03%           11.08%    69.14%          10.25%      68.42%          10.56%
NON/2-4                    5.72%           3.94%      1.68%            8.76%    10.40%           8.75%       5.67%           6.29%
Low/NIV                   23.71%          13.49%      6.43%           38.46%     2.31%          37.84%      14.36%          25.54%
A/A-                        1001     $61,097,500        341      $25,016,510       336     $26,667,463        1678    $112,781,473
B                            446     $21,755,900        204      $14,007,488       146      $9,413,696         796     $45,177,084
C                            230      $8,455,900        124       $6,858,310        58      $3,061,028         412     $18,375,238
C-                            63      $2,490,600         26       $1,495,050        18        $867,890         107      $4,853,540
D                             96      $3,562,300         57       $3,566,045        47      $1,960,498         200      $9,088,843
Unknown                        0              $0          0               $0         0              $0           0              $0
-----------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL               778     $38,234,696        328      $20,132,831       284     $20,539,944        1390     $78,907,471
LTV/WAC                   69.82%          10.17%     69.18%           10.68%    70.09%           9.83%      69.73%          10.21%
A/A-                         452     $25,460,911        157      $10,435,308       188     $15,042,103         797     $50,938,322
B                            194      $8,549,446         96       $6,036,421        60      $3,911,266         350     $18,497,132
C                             86      $2,875,221         53       $2,586,690        19      $1,029,306         158      $6,491,216
C-                            20        $546,502          9         $384,780         5        $153,847          34      $1,085,129
D                             26        $802,617         13         $689,633        12        $403,423          51      $1,895,672
Unknown                        0              $0          0               $0         0              $0           0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                  57.57%     $56,046,900     59.00%      $30,057,463    49.31%     $20,696,910      56.13%    $106,801,273
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                      723     $35,262,179        289      $17,826,423       248     $18,480,605        1260     $71,569,207
30-59                         14        $729,575          4         $123,926         3        $271,078          21      $1,124,579
60-89                          5        $264,062          1          $30,383         0              $0           6        $294,445
90-119                         2        $134,003          4         $190,419         2        $118,503           8        $442,925
120-179                        7        $444,017          3         $144,959         5        $318,538          15        $907,514
180-269                        4        $185,296          5         $190,123         5        $236,470          14        $611,889
270-359                        4        $203,419          3         $351,247         2        $171,399           9        $726,065
360+                          12        $642,554         13         $935,220        11        $568,724          36      $2,146,498
REO                            7        $369,590          6         $340,131         8        $374,627          21      $1,084,348
90+REO                        36      $1,978,879         34       $2,152,099        33      $1,788,261        $103      $5,919,239
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original              1.07%      $1,041,438      2.76%       $1,408,167     3.35%      $1,404,662       2.03%      $3,854,267
Severity                  42.81%                     62.56%                     44.28%                      49.06%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                       0.62%        $376,412      0.96%         $240,281     2.34%        $624,427       1.10%      $1,241,120
B                          1.12%        $244,337      3.15%         $441,687     3.97%        $374,037       2.35%      $1,060,061
C                          2.28%        $193,162      5.97%         $409,641     6.64%        $203,360       4.39%        $806,163
C-                         3.75%         $93,504      1.65%          $24,685     4.85%         $42,111       3.30%        $160,300
D                          3.76%        $134,022      8.18%         $291,873     8.20%        $160,727       6.45%        $586,622
Unknown                    0.00%              $0      0.00%               $0     0.00%              $0       0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

As of: July 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1997-C
                                                     FIXED RATE LOANS


                                                   CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
                               RETAIL                CORRESPONDENT                  BROKER                       TOTAL
Category                 #             $             #            $             #            $              #           $
------------------------------------------------------------------------------------------------------------------------------------
<S>                     <C>          <C>            <C>         <C>            <C>         <C>               <C>       <C>
ORIGINAL POOL             1857       $93,139,900       577      $44,292,659       631      $40,415,609         3065    $177,848,168
LTV/WAC                 69.13%            10.71%    76.54%           11.20%    70.70%           10.44%       71.34%          10.77%
NON/2-4                  3.96%             5.36%     2.24%           11.62%    13.39%            8.48%        5.68%           7.63%
Low/NIV                 26.08%            12.93%     4.28%           25.52%     1.16%           37.99%       14.99%          21.76%
A/A-                       963       $58,206,900       312      $28,286,497       359      $26,654,712         1634    $113,148,109
B                          460       $20,003,100       125       $9,308,030       136       $8,011,120          721     $37,322,250
C                          256        $8,616,100        64       $3,795,665        63       $2,932,080          383     $15,343,845
C-                          76        $2,672,500        16         $741,680        18         $723,890          110      $4,138,070
D                          102        $3,641,300        60       $2,160,787        55       $2,093,807          217      $7,895,894
Unknown                      0                $0         0               $0         0               $0            0              $0
------------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL             831       $40,368,230       252      $19,202,497       332      $20,959,814         1415     $80,530,541
LTV/WAC                 71.71%            10.54%    77.49%           10.82%    71.70%           10.18%       73.08%          10.51%
A/A-                       470       $26,877,995       156      $13,013,906       209      $14,683,244          835     $54,575,145
B                          199        $8,585,876        56       $4,378,954        73       $4,205,472          328     $17,170,302
C                           98        $2,879,289        19       $1,006,306        26       $1,188,502          143      $5,074,097
C-                          31        $1,059,795         7         $329,810         6         $207,127           44      $1,596,731
D                           33          $965,276        14         $473,521        18         $675,469           65      $2,114,266
Unknown                      0                $0         0               $0         0               $0            0              $0
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                53.61%       $49,929,100    55.15%      $24,425,347    46.44%      $18,767,032       52.36%     $93,121,479
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                    737       $35,237,495       206      $15,664,502       277      $17,767,357         1220     $68,669,354
30-59                       20        $1,324,080         5         $552,722         5         $336,307           30      $2,213,109
60-89                        8          $393,095         2         $217,764         3         $139,245           13        $750,104
90-119                       4          $356,088         3         $155,385         3         $155,750           10        $667,223
120-179                     12          $765,422         3         $139,483         5         $354,789           20      $1,259,694
180-269                      9          $384,223         9         $503,226         6         $498,966           24      $1,386,415
270-359                     10          $700,602         7         $770,122         3         $142,035           20      $1,612,759
360+                        15          $597,563        10         $722,807        16       $1,108,607           41      $2,428,977
REO                         16          $609,661         7         $476,485        14         $456,758           37      $1,542,904
90+REO                      66        $3,413,559        39       $2,767,508        47       $2,716,905         $152      $8,897,972
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original            1.10%        $1,021,059     3.29%       $1,455,658     2.49%       $1,005,343        1.96%      $3,482,060
Severity                46.19%                      58.38%                     44.19%                        49.89%
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                     0.58%          $340,221     2.34%         $662,652     1.69%         $451,097        1.29%      $1,453,970
B                        1.77%          $353,075     4.69%         $436,921     2.34%         $187,129        2.62%        $977,125
C                        2.17%          $186,729     5.64%         $214,223     5.17%         $151,725        3.60%        $552,677
C-                       2.07%           $55,204     0.00%               $0     5.16%          $37,367        2.24%         $92,571
D                        2.36%           $85,830     6.57%         $141,862     8.50%         $178,025        5.14%        $405,717
Unknown                  0.00%                $0     0.00%               $0     0.00%               $0        0.00%              $0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

As of: July 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1997-D
                                                     FIXED RATE LOANS


                                                  CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
                               RETAIL                 CORRESPONDENT                 BROKER                      TOTAL
Category                   #            $             #           $            #            $              #                $
------------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>        <C>             <C>       <C>             <C>      <C>                   <C>       <C>
ORIGINAL POOL               2493     $129,898,935       526    $42,709,867        749   $46,948,976             3768    $219,557,778
LTV/WAC                   68.31%           10.63%    76.99%         10.81%     70.56%        10.46%           70.48%          10.63%
NON/2-4                    5.38%            6.32%     2.98%         11.16%     13.91%         6.35%            6.74%           7.27%
Low/NIV                   30.46%           11.27%     2.43%         29.57%      2.63%        36.51%           19.06%          20.23%
A/A-                        1296      $83,026,100       301    $28,789,555        381   $28,052,561             1978    $139,868,216
B                            586      $26,277,800       128     $8,414,027        202   $12,314,866              916     $47,006,693
C                            282       $9,675,000        43     $2,334,760         68    $2,695,032              393     $14,704,792
C-                           151       $5,353,935        10       $636,500         26    $1,007,360              187      $6,997,795
D                            178       $5,566,100        44     $2,535,025         72    $2,879,157              294     $10,980,282
Unknown                        0               $0         0             $0          0            $0                0              $0
------------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL              1246      $62,397,020       280    $22,249,346        439   $27,477,863             1965    $112,124,229
LTV/WAC                   69.47%           10.41%    78.19%         10.50%     71.70%        10.18%           71.74%          10.38%
A/A-                         702      $43,379,836       174    $15,663,935        256   $18,569,490             1132     $77,613,262
B                            276      $11,290,960        66     $4,315,130        113    $6,269,271              455     $21,875,361
C                            130       $3,830,174        18       $955,881         36    $1,188,450              184      $5,974,505
C-                            70       $1,998,732         5       $288,503         12      $513,880               87      $2,801,115
D                             68       $1,897,318        17     $1,025,898         22      $936,771              107      $3,859,987
Unknown                        0               $0         0             $0          0            $0                0              $0
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                  48.78%      $63,358,900    47.05%    $20,092,972     40.06%   $18,806,578           46.57%    $102,258,450
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                     1116      $56,053,400       237    $18,742,548        365   $23,194,502             1718     $97,990,450
30-59                         28       $1,635,727         3       $330,292          9      $636,237               40      $2,602,256
60-89                          8         $333,421         3       $129,949          3       $78,602               14        $541,972
90-119                         7         $273,723         2       $186,944          3      $244,072               12        $704,739
120-179                       13         $555,339         3       $196,301          6      $320,353               22      $1,071,993
180-269                       17         $954,831         6       $367,582         10      $720,781               33      $2,043,194
270-359                       12         $467,963         1        $29,137          5      $301,563               18        $798,663
360+                          25       $1,141,131        15     $1,651,123         18      $969,516               58      $3,761,770
REO                           20         $981,485        10       $615,470         20    $1,012,238               50      $2,609,193
90+REO                        94       $4,374,472        37     $3,046,557         62    $3,568,523             $193     $10,989,552
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original              1.22%       $1,588,063     6.35%     $2,713,330      2.60%    $1,218,339            2.51%      $5,519,732
Severity                  46.37%                     61.82%                    57.09%                         55.49%
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                       0.51%         $425,526     4.56%     $1,311,916      0.98%      $273,906            1.44%      $2,011,348
B                          1.36%         $356,874     6.30%       $530,344      3.22%      $396,419            2.73%      $1,283,637
C                          4.10%         $396,270    16.47%       $384,645      7.55%      $203,398            6.69%        $984,313
C-                         2.01%         $107,420     1.08%         $6,881      2.33%       $23,478            1.97%        $137,779
D                          5.43%         $301,972    18.92%       $479,545     11.15%      $321,136           10.04%      $1,102,653
Unknown                    0.00%               $0     0.00%             $0      0.00%            $0            0.00%              $0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

As of: July 2000

<PAGE>

<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1998-A
                                                    FIXED RATE LOANS


                                                 CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
                                 RETAIL              CORRESPONDENT                    BROKER                        TOTAL
Category                   #             $           #             $              #             $              #              $
------------------------------------------------------------------------------------------------------------------------------------
<S>                        <C>         <C>           <C>         <C>              <C>         <C>           <C>         <C>
ORIGINAL POOL                1718      $78,921,789      486      $40,773,151         461      $31,396,056     2665      $151,090,996
LTV/WAC                    67.97%           10.67%   76.94%           10.46%      73.34%           10.23%   71.51%            10.52%
NON/2-4                     6.63%            3.01%    1.82%            8.21%      10.21%            6.36%    6.08%             5.11%
Low/NIV                    28.09%           15.18%    4.05%           28.22%       1.68%           40.20%   16.11%            23.90%
A/A-                          875      $51,560,400      265      $27,274,677         251      $20,298,186     1391       $99,133,263
B                             363      $13,106,500      105       $7,438,645         130       $7,746,352      598       $28,291,497
C                             173       $5,471,700       63       $3,554,603          39       $1,751,635      275       $10,777,938
C-                            185       $5,235,889       10         $402,726           8         $408,028      203        $6,046,643
D                             122       $3,547,300       43       $2,102,500          33       $1,191,855      198        $6,841,655
Unknown                         0               $0        0               $0           0               $0        0                $0
------------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                915      $41,762,164      290      $25,099,036         310      $21,245,944     1515       $88,107,143
LTV/WAC                    70.15%           10.43%   80.02%           10.17%      74.04%            9.98%   73.90%            10.25%
A/A-                          505      $29,821,381      181      $18,176,266         187      $15,153,766      873       $63,151,413
B                             187       $6,651,220       62       $4,544,110          79       $4,505,686      328       $15,701,016
C                              75       $2,042,356       27       $1,418,869          23         $877,521      125        $4,338,746
C-                             94       $1,813,148        3          $67,962           4         $120,700      101        $2,001,810
D                              54       $1,434,060       17         $891,829          17         $588,271       88        $2,914,159
Unknown                         0               $0        0               $0           0               $0        0                $0
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                   43.03%      $33,958,739   36.85%      $15,023,541      30.59%       $9,605,480   38.78%       $58,587,760
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                       829      $37,664,261      245      $21,423,188         261      $18,624,613     1335       $77,712,062
30-59                          21       $1,145,830        8         $530,522           5         $265,342       34        $1,941,694
60-89                           6         $214,352        3         $296,692           2          $57,699       11          $568,743
90-119                          2          $61,829        1          $96,031           6         $328,503        9          $486,363
120-179                         3         $269,254        4         $435,382           3         $106,139       10          $810,775
180-269                        12         $461,811        9         $579,259           4         $232,491       25        $1,273,561
270-359                         7         $282,616        5         $621,811           4         $189,375       16        $1,093,802
360+                           16         $999,232        9         $470,928          14         $810,805       39        $2,280,965
REO                            19         $662,980        6         $645,222          11         $630,978       36        $1,939,180
90+REO                         59       $2,737,722       34       $2,848,633          42       $2,298,291     $135        $7,884,646
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original               1.17%         $921,249    4.49%       $1,829,747       2.76%         $865,644    2.39%        $3,616,640
Severity                   57.99%                    49.46%                       49.67%                    51.44%
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                        0.70%         $359,046    3.05%         $832,192       1.38%         $279,684    1.48%        $1,470,922
B                           2.20%         $287,820    5.82%         $432,589       3.44%         $266,239    3.49%          $986,648
C                           2.95%         $161,270    8.36%         $297,032       4.04%          $70,778    4.91%          $529,080
C-                          0.09%           $4,617    7.19%          $28,939      13.66%          $55,719    1.48%           $89,275
D                           3.06%         $108,495   11.37%         $238,995      16.21%         $193,224    7.90%          $540,714
Unknown                     0.00%               $0    0.00%               $0       0.00%               $0    0.00%                $0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

As of: July 2000

<PAGE>

<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------
                                                COLLATERAL PERFORMANCE BY
                                             ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1998-B
                                                    FIXED RATE LOANS


                                                  CHANNEL OF ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------
                                 RETAIL              CORRESPONDENT                  BROKER                   TOTAL
Category                    #           $            #            $            #           $           #            $
-----------------------------------------------------------------------------------------------------------------------------
<S>                        <C>      <C>              <C>       <C>            <C>      <C>             <C>      <C>
ORIGINAL POOL                2158   $113,713,440        567    $54,884,117      1127   $81,587,317       3852   $250,184,874
LTV/WAC                    69.66%         10.58%     79.78%         10.10%    74.26%        10.11%     73.38%         10.32%
NON/2-4                     5.12%          3.98%      0.90%          8.52%     9.29%         8.13%      5.55%          6.33%
Low/NIV                    20.71%         13.00%      3.96%         19.03%     1.57%        37.89%     10.79%         22.44%
A/A-                         1084    $69,293,400        364    $40,140,965       588   $48,457,485       2036   $157,891,850
B                             559    $25,805,400        107     $8,874,422       369   $25,311,307       1035    $59,991,129
C                             239     $9,140,300         41     $2,451,600        95    $4,464,750        375    $16,056,650
C-                            134     $4,900,140          5       $256,850        13      $624,050        152     $5,781,040
D                             142     $4,574,200         50     $3,160,280        62    $2,729,725        254    $10,464,205
Unknown                         0             $0          0             $0         0            $0          0             $0
-----------------------------------------------------------------------------------------------------------------------------
REMAINING POOL               1296    $65,777,100        388    $37,214,965       755   $55,891,752       2439   $158,883,817
LTV/WAC                    71.20%         10.36%     81.47%          9.85%    75.39%         9.90%     75.08%         10.08%
A/A-                          689    $43,126,837        275    $28,781,352       432   $35,817,176       1396   $107,725,365
B                             344    $14,743,954         72     $6,039,988       240   $16,254,851        656    $37,038,793
C                             122     $4,145,571         21     $1,345,136        46    $1,970,659        189     $7,461,366
C-                             80     $2,079,604          1        $50,559         8      $361,282         89     $2,491,445
D                              61     $1,681,134         19       $997,930        29    $1,487,784        109     $4,166,848
Unknown                         0             $0          0             $0         0            $0          0             $0
-----------------------------------------------------------------------------------------------------------------------------
PAID OFF                   38.83%    $44,154,700     30.63%    $16,812,920    29.75%   $24,273,076     34.07%    $85,240,696
-----------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                      1156    $58,690,613        348    $33,816,407       647   $48,225,399       2151   $140,732,419
30-59                          35     $1,793,506          3       $287,549        17    $1,176,359         55     $3,257,414
60-89                          16       $636,875          2       $183,443         9      $450,178         27     $1,270,496
90-119                          6       $317,567          5       $267,167         6      $467,418         17     $1,052,152
120-179                        12       $669,254          4       $568,580        12      $912,723         28     $2,150,557
180-269                        19       $961,739          7       $419,143        12      $795,658         38     $2,176,540
270-359                        10       $564,717          3       $203,899         9      $857,496         22     $1,626,112
360+                           27     $1,466,623          7       $504,897        22    $1,890,155         56     $3,861,675
REO                            15       $676,208          9       $963,879        21    $1,116,366         45     $2,756,453
90+REO                         89     $4,656,108         35     $2,927,565        82    $6,039,816       $206    $13,623,489
-----------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original               1.04%     $1,176,964      2.32%     $1,272,461     2.29%    $1,871,641      1.73%     $4,321,066
Severity                   49.96%                    53.62%                   44.87%                   48.55%
-----------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                        0.44%       $306,029      1.36%       $544,549     1.36%      $661,381      0.96%     $1,511,959
B                           1.63%       $421,035      2.60%       $230,990     2.24%      $567,644      2.03%     $1,219,669
C                           2.18%       $199,007      6.89%       $169,002     8.58%      $383,148      4.68%       $751,157
C-                          1.32%        $64,626     15.20%        $39,053     0.00%            $0      1.79%       $103,679
D                           4.07%       $186,267      9.14%       $288,867     9.51%      $259,468      7.02%       $734,602
Unknown                     0.00%             $0      0.00%             $0     0.00%            $0      0.00%             $0
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

As of: July 2000

<PAGE>

<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                             AAMES MORTGAGE TRUST, SERIES 1998-C
                                                     FIXED RATE LOANS


                                                  CHANNEL OF ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------
                                 RETAIL               CORRESPONDENT              BROKER                   TOTAL
Category                    #            $           #           $           #           $            #             $
-----------------------------------------------------------------------------------------------------------------------------
<S>                        <C>       <C>            <C>       <C>           <C>      <C>              <C>       <C>
ORIGINAL POOL                3408    $195,607,000      585    $54,190,090     1855   $139,333,051       5848    $389,130,141
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%      4.47%           5.35%
Low/NIV                    16.18%           9.48%    1.12%         18.11%    1.89%         31.25%      8.97%          18.48%
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     $3,817,387      140     $6,935,282        373     $16,417,569
Unknown                         3        $120,900        0             $0        0             $0          3        $120,900
-----------------------------------------------------------------------------------------------------------------------------
REMAINING POOL               2332    $131,413,991      435    $41,606,265     1414   $107,413,339       4181    $280,433,595
LTV/WAC                    72.65%           9.84%   80.99%         10.00%   74.01%          9.80%     74.41%           9.85%
A/A-                         1490     $96,381,660      285    $31,115,368      805    $71,712,197       2580    $199,209,225
B                             507     $23,575,563       81     $6,348,956      399    $26,188,877        987     $56,113,396
C                             169      $5,884,538       27     $1,350,201      103     $4,745,549        299     $11,980,288
C-                             72      $2,649,666        4       $305,921       20       $711,564         96      $3,667,151
D                              94      $2,922,565       38     $2,485,819       87     $4,055,151        219      $9,463,535
Unknown                         0              $0        0             $0        0             $0          0              $0
-----------------------------------------------------------------------------------------------------------------------------
PAID OFF                   30.01%     $58,707,300   21.86%    $11,843,444   21.37%    $29,769,315     25.78%    $100,320,059
-----------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                      2147    $120,583,526      372    $36,562,837     1205    $94,864,475       3724    $252,010,838
30-59                          45      $2,525,927        8       $778,197       30     $2,064,661         83      $5,368,785
60-89                          25      $1,394,886        4       $181,053       16     $1,088,571         45      $2,664,510
90-119                         10        $688,543        3       $343,337       19       $850,069         32      $1,881,949
120-179                        20      $1,237,211        4       $469,738       18       $884,951         42      $2,591,900
180-269                        21      $1,283,142        9       $786,607       33     $1,871,239         63      $3,940,988
270-359                        16        $876,812        3       $162,434       25     $1,755,347         44      $2,794,593
360+                           33      $1,870,770       22     $1,705,957       40     $2,802,770         95      $6,379,497
REO                            15        $953,174       10       $616,105       28     $1,231,257         53      $2,800,536
90+REO                        115      $6,909,652       51     $4,084,178      163     $9,395,633       $329     $20,389,463
-----------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original               0.63%      $1,240,582    1.33%       $719,764    1.68%     $2,335,766      1.10%      $4,296,112
Severity                   42.37%                   61.61%                  51.20%                    49.62%
-----------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                        0.43%        $599,730    0.85%       $324,674    1.01%       $902,539      0.69%      $1,826,943
B                           0.88%        $326,200    2.65%       $239,270    2.53%       $860,547      1.78%      $1,426,017
C                           1.11%        $112,670    3.09%        $82,849    4.78%       $376,973      2.77%        $572,492
C-                          1.78%         $77,297    3.60%        $18,890    2.05%        $27,269      1.99%        $123,456
D                           2.20%        $124,685    1.42%        $54,081    2.43%       $168,438      2.11%        $347,204
Unknown                     0.00%              $0    0.00%             $0    0.00%             $0      0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

As of: July 2000

<PAGE>

<TABLE>
<CAPTION>

--------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                             AAMES MORTGAGE TRUST, SERIES 1999-1
                                                      FIXED RATE LOANS


                                                    CHANNEL OF ORIGINATION
--------------------------------------------------------------------------------------------------------------------------------
                              RETAIL               CORRESPONDENT                BROKER                     TOTAL
Category                  #           $            #            $          #            $             #              $
--------------------------------------------------------------------------------------------------------------------------------
<S>                      <C>       <C>             <C>       <C>          <C>       <C>               <C>          <C>
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%       6.22%              5.24%
Low/NIV                   7.73%         16.67%      2.25%        19.08%    5.11%          27.92%       6.23%             22.96%
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             1259    $71,876,999         17    $1,339,999     1265     $96,734,019        2541       $169,951,017
LTV/WAC                  72.28%          9.64%     81.61%        10.61%   75.08%           9.88%      73.94%              9.79%
A/A-                        732    $49,988,133          5      $654,925      697     $62,582,315        1434       $113,225,373
B                           245    $11,419,891          7      $504,143      330     $23,044,305         582        $34,968,339
C                           120     $4,542,910          3      $113,339       95      $4,551,449         218         $9,207,698
C-                           49     $1,750,162          0            $0       24      $1,559,979          73         $3,310,141
D                           108     $3,667,881          2       $67,592      119      $4,995,971         229         $8,731,444
Unknown                       1        $37,710          0            $0        0              $0           1            $37,710
--------------------------------------------------------------------------------------------------------------------------------
PAID OFF                 13.76%    $11,753,312      9.76%      $138,600   10.18%     $11,106,771      11.74%        $22,998,683
--------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                    1145    $66,970,072         14    $1,034,855     1097     $86,627,656        2256       $154,632,583
30-59                        38     $1,442,247          0            $0       44      $3,134,135          82         $4,576,382
60-89                        15       $666,008          1       $58,826       20      $1,036,634          36         $1,761,468
90-119                       13       $491,086          0            $0       11        $551,293          24         $1,042,379
120-179                      11       $541,425          1       $67,232       22      $1,427,841          34         $2,036,498
180-269                      15       $744,427          0            $0       17        $996,545          32         $1,740,972
270-359                      11       $518,034          1      $179,087       28      $1,687,477          40         $2,384,598
360+                          5       $223,769          0            $0        9        $458,337          14           $682,106
REO                           6       $279,929          0            $0       17        $814,102          23         $1,094,031
90+REO                       61     $2,798,670          2      $246,319      104      $5,935,595        $167         $8,980,584
--------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original             0.34%       $288,476      0.00%            $0    0.66%        $716,617       0.51%         $1,005,093
Severity                 57.72%                     0.00%                 55.74%                      56.29%
--------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                      0.18%       $104,952      0.00%            $0    0.20%        $135,951       0.19%           $240,903
B                         0.62%        $88,882      0.00%            $0    0.45%        $117,894       0.50%           $206,776
C                         0.01%           $705      0.00%            $0    3.17%        $192,378       1.57%           $193,083
C-                        1.04%        $23,916      0.00%            $0    4.10%         $77,352       2.40%           $101,268
D                         1.24%        $70,020      0.00%            $0    2.86%        $193,041       2.11%           $263,061
Unknown                   0.00%             $0      0.00%            $0    0.00%              $0       0.00%                 $0
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

As of: July 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                             AAMES MORTGAGE TRUST, SERIES 1994-A
                                                     ARM/HYBRID LOANS


                                                   CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------
                                       RETAIL              CORRESPONDENT         BROKER                 TOTAL
Category                            #          $           #         $         #       $          #             $
------------------------------------------------------------------------------------------------------------------------
<S>                                <C>     <C>           <C>       <C>        <C>      <C>         <C>      <C>
ORIGINAL POOL                         159  $11,950,100         2   $153,600       0       $0          161   $12,103,700
LTV/WAC                            55.48%       10.23%    47.11%     10.83%   0.00%    0.00%       55.37%        10.24%
A/A-                                   59   $4,359,900         0         $0       0       $0           59    $4,359,900
B                                      38   $2,686,500         0         $0       0       $0           38    $2,686,500
C                                      22   $1,831,400         0         $0       0       $0           22    $1,831,400
C-                                      6     $430,200         1    $75,000       0       $0            7      $505,200
D                                      19   $1,372,800         0         $0       0       $0           19    $1,372,800
Unknown                                15   $1,269,300         1    $78,600       0       $0           16    $1,347,900
------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                         26   $1,661,818         0         $0       0       $0           26    $1,661,818
LTV/WAC                            59.06%       11.18%     0.00%      0.00%   0.00%    0.00%       59.06%        11.18%
A/A-                                    8     $537,358         0         $0       0       $0            8      $537,358
B                                       4     $201,011         0         $0       0       $0            4      $201,011
C                                       7     $381,702         0         $0       0       $0            7      $381,702
C-                                      3     $227,207         0         $0       0       $0            3      $227,207
D                                       3     $206,646         0         $0       0       $0            3      $206,646
Unknown                                 1     $107,894         0         $0       0       $0            1      $107,894
------------------------------------------------------------------------------------------------------------------------
PAID OFF                           85.09%  $10,168,300   100.00%   $153,600   0.00%       $0       85.28%   $10,321,900
------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                                25   $1,549,812         0         $0       0       $0           25    $1,549,812
30-59                                   1     $112,006         0         $0       0       $0            1      $112,006
60-89                                   0           $0         0         $0       0       $0            0            $0
90-119                                  0           $0         0         $0       0       $0            0            $0
120-179                                 0           $0         0         $0       0       $0            0            $0
180-269                                 0           $0         0         $0       0       $0            0            $0
270-359                                 0           $0         0         $0       0       $0            0            $0
360+                                    0           $0         0         $0       0       $0            0            $0
REO                                     0           $0         0         $0       0       $0            0            $0
90+REO                                  -           $0         -         $0       -       $0           $0            $0
------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance         -0.11%     -$13,653     0.00%         $0   0.00%       $0       -0.11%      -$13,653
Severity                           -4.30%                  0.00%              0.00%                -4.30%
------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                               -0.57%     ($24,857)    0.00%         $0   0.00%       $0       -0.57%      ($24,857)
B                                   0.39%      $10,408     0.00%         $0   0.00%       $0        0.39%       $10,408
C                                   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
D                                   0.06%         $797     0.00%         $0   0.00%       $0        0.06%          $797
Unknown                             0.00%           $0     0.00%         $0   0.00%       $0        0.00%            $0
------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000


<PAGE>

<TABLE>
<CAPTION>

-------------------------------------------------------------------------------------------------------------------------
                                                COLLATERAL PERFORMANCE BY
                                             ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1994-B
                                                      ARM/HYBRID LOANS


                                                   CHANNEL OF ORIGINATION
-------------------------------------------------------------------------------------------------------------------------
                                     RETAIL              CORRESPONDENT            BROKER              TOTAL
Category                          #          $           #           $          #       $          #            $
-------------------------------------------------------------------------------------------------------------------------
<S>                            <C>        <C>           <C>       <C>          <C>      <C>        <C>       <C>
ORIGINAL POOL                      164    $11,803,600       88    $9,620,970       0       $0         252    $21,424,570
LTV/WAC                         58.41%         10.82%   64.82%        10.75%   0.00%    0.00%      61.29%         10.78%
A/A-                                59     $4,747,100        9      $823,125       0       $0          68     $5,570,225
B                                   32     $2,268,600        0            $0       0       $0          32     $2,268,600
C                                   37     $2,416,400       15    $1,961,650       0       $0          52     $4,378,050
C-                                   3       $181,700        8      $772,685       0       $0          11       $954,385
D                                   33     $2,189,800       18    $2,077,350       0       $0          51     $4,267,150
Unknown                              0             $0       38    $3,986,160       0       $0          38     $3,986,160
-------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                      43     $3,077,029       11      $913,827       0       $0          54     $3,990,857
LTV/WAC                         62.21%         11.56%   64.88%        11.79%   0.00%    0.00%      62.82%         11.61%
A/A-                                20     $1,693,783        3      $222,635       0       $0          23     $1,916,418
B                                    7       $307,754        0            $0       0       $0           7       $307,754
C                                    9       $598,663        2      $175,808       0       $0          11       $774,470
C-                                   1       $100,833        2      $118,910       0       $0           3       $219,743
D                                    6       $375,996        1      $168,923       0       $0           7       $544,919
Unknown                              0             $0        3      $227,552       0       $0           3       $227,552
-------------------------------------------------------------------------------------------------------------------------
PAID OFF                        71.54%     $8,443,900   89.81%    $8,640,370   0.00%       $0      79.74%    $17,084,270
-------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                             42     $3,036,519        9      $763,653       0       $0          51     $3,800,172
30-59                                0             $0        0            $0       0       $0           0             $0
60-89                                0             $0        1       $66,031       0       $0           1        $66,031
90-119                               0             $0        0            $0       0       $0           0             $0
120-179                              0             $0        1       $84,142       0       $0           1        $84,142
180-269                              1        $40,510        0            $0       0       $0           1        $40,510
270-359                              0             $0        0            $0       0       $0           0             $0
360+                                 0             $0        0            $0       0       $0           0             $0
REO                                  0             $0        0            $0       0       $0           0             $0
90+REO                               1        $40,510        1       $84,142       -       $0          $2       $124,652
-------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance       0.65%        $76,444    3.20%      $307,603   0.00%       $0       1.79%       $384,047
Severity                        11.34%                  40.18%                 0.00%               26.68%
-------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                             1.08%        $51,472    0.00%            $0   0.00%       $0       0.92%        $51,472
B                                0.00%             $0    0.00%            $0   0.00%       $0       0.00%             $0
C                               -0.57%       ($13,815)   1.57%       $30,780   0.00%       $0       0.39%        $16,965
C-                              16.14%        $29,333    0.00%            $0   0.00%       $0       3.07%        $29,333
D                                0.43%         $9,453    5.98%      $124,186   0.00%       $0       3.13%       $133,639
Unknown                        #DIV/O!             $0    3.83%      $152,638   0.00%       $0       3.83%       $152,638
-------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000


<PAGE>

<TABLE>
<CAPTION>

---------------------------------------------------------------------------------------------------------------------------------
                                                COLLATERAL PERFORMANCE BY
                                             ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1994-C
                                                     ARM/HYBRID LOANS


                                                   CHANNEL OF ORIGINATION
---------------------------------------------------------------------------------------------------------------------------------
                                       RETAIL              CORRESPONDENT              BROKER                   TOTAL
Category                            #           $          #           $           #          $            #            $
---------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>         <C>          <C>       <C>            <C>          <C>        <C>       <C>
ORIGINAL POOL                         115    $8,035,600      127    $14,211,925        0           $0         242    $22,247,525
LTV/WAC                            57.19%        11.03%   64.21%         11.04%    0.00%        0.00%      61.67%         11.04%
A/A-                                   50    $3,885,400       48     $6,070,210        0           $0          98     $9,955,610
B                                       2      $203,500       14     $1,735,165        0           $0          16     $1,938,665
C                                      33    $1,949,500       32     $3,090,650        0           $0          65     $5,040,150
C-                                      2       $80,400       27     $2,851,650        0           $0          29     $2,932,050
D                                      28    $1,916,800        5       $354,250        0           $0          33     $2,271,050
Unknown                                 0            $0        1       $110,000        0           $0           1       $110,000
---------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                         24    $1,725,230        6       $530,943        0           $0          30     $2,256,173
LTV/WAC                            60.25%        11.73%   71.03%         11.73%    0.00%        0.00%      62.79%         11.73%
A/A-                                   11      $807,063        4       $331,552        0           $0          15     $1,138,615
B                                       0            $0        0             $0        0           $0           0             $0
C                                       6      $437,294        1       $104,894        0           $0           7       $542,188
C-                                      1       $33,185        1        $94,498        0           $0           2       $127,682
D                                       6      $447,687        0             $0        0           $0           6       $447,687
Unknown                                 0            $0        0             $0        0           $0           0             $0
---------------------------------------------------------------------------------------------------------------------------------
PAID OFF                           77.06%    $6,192,200   96.09%    $13,656,225    0.00%           $0      89.22%    $19,848,425
---------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                                24    $1,725,230        5       $426,049        0           $0          29     $2,151,279
30-59                                   0            $0        0             $0        0           $0           0             $0
60-89                                   0            $0        0             $0        0           $0           0             $0
90-119                                  0            $0        0             $0        0           $0           0             $0
120-179                                 0            $0        0             $0        0           $0           0             $0
180-269                                 0            $0        1       $104,894        0           $0           1       $104,894
270-359                                 0            $0        0             $0        0           $0           0             $0
360+                                    0            $0        0             $0        0           $0           0             $0
REO                                     0            $0        0             $0        0           $0           0             $0
90+REO                                  -            $0        1       $104,894        -           $0          $1       $104,894
---------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance          0.74%       $59,466    3.08%       $438,407    0.00%           $0       2.24%       $497,873
Severity                           39.99%                 32.19%                   0.00%                   32.95%
---------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                                0.00%            $0    2.79%       $169,519    0.00%           $0       1.70%       $169,519
B                                   0.00%            $0    6.59%       $114,375    0.00%           $0       5.90%       $114,375
C                                   2.79%       $54,387    3.66%       $113,213    0.00%           $0       3.33%       $167,600
C-                                  0.00%            $0    1.45%        $41,300    0.00%           $0       1.41%        $41,300
D                                   0.26%        $5,079    0.00%             $0    0.00%           $0       0.22%         $5,079
Unknown                          #DIV/0!             $0    0.00%             $0    0.00%           $0       0.00%             $0
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000


<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                             AAMES MORTGAGE TRUST, SERIES 1994-D
                                                      ARM/HYBRID LOANS


                                                   CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------
                                           RETAIL            CORRESPONDENT               BROKER              TOTAL
Category                             #           $           #           $           #         $         #           $
------------------------------------------------------------------------------------------------------------------------------
<S>                                 <C>        <C>          <C>      <C>              <C>      <C>      <C>       <C>
ORIGINAL POOL                          104     $8,030,100      246   $28,553,276          0       $0       350    $36,583,376
LTV/WAC                             54.81%         11.38%   66.69%        11.37%      0.00%    0.00%    64.08%         11.37%
A/A-                                    26     $2,369,700       80    $9,636,161          0       $0       106    $12,005,861
B                                       10       $692,400       56    $6,283,970          0       $0        66     $6,976,370
C                                       35     $1,974,500       36    $3,490,135          0       $0        71     $5,464,635
C-                                      12       $864,300       57    $7,288,350          0       $0        69     $8,152,650
D                                       21     $2,129,200       17    $1,854,660          0       $0        38     $3,983,860
Unknown                                  0             $0        0            $0          0       $0         0             $0
------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                          21     $1,354,068       25    $2,380,943          0       $0        46     $3,735,011
LTV/WAC                             60.02%         11.74%   69.51%        11.61%      0.00%    0.00%    66.07%         11.66%
A/A-                                     5       $381,448       10    $1,137,114          0       $0        15     $1,518,562
B                                        1        $17,531        7      $650,562          0       $0         8       $668,093
C                                        7       $331,120        5      $345,976          0       $0        12       $677,097
C-                                       5       $340,278        3      $247,291          0       $0         8       $587,569
D                                        3       $283,691        0            $0          0       $0         3       $283,691
Unknown                                  0             $0        0            $0          0       $0         0             $0
------------------------------------------------------------------------------------------------------------------------------
PAID OFF                            81.89%     $6,576,000   91.29%   $26,067,265      0.00%       $0    89.23%    $32,643,265
------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                                 19     $1,250,237       23    $2,283,067          0       $0        42     $3,533,304
30-59                                    0             $0        0            $0          0       $0         0             $0
60-89                                    0             $0        0            $0          0       $0         0             $0
90-119                                   1        $78,275        0            $0          0       $0         1        $78,275
120-179                                  0             $0        0            $0          0       $0         0             $0
180-269                                  1        $25,557        2       $97,876          0       $0         3       $123,433
270-359                                  0             $0        0            $0          0       $0         0             $0
360+                                     0             $0        0            $0          0       $0         0             $0
REO                                      0             $0        0            $0          0       $0         0             $0
90+REO                                   2       $103,832        2       $97,876          -       $0        $4       $201,708
------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance           0.10%         $7,995    4.43%    $1,265,737      0.00%       $0     3.48%     $1,273,732
Severity                             5.38%                  31.67%                    0.00%             30.73%
------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                                 0.00%             $0    1.95%      $187,798      0.00%       $0     1.56%       $187,798
B                                    0.00%             $0    5.15%      $323,739      0.00%       $0     4.64%       $323,739
C                                    0.77%        $15,299    9.68%      $337,882      0.00%       $0     6.46%       $353,181
C-                                   0.00%             $0    4.80%      $349,610      0.00%       $0     4.29%       $349,610
D                                   -0.34%        ($7,304)   3.60%       $66,709      0.00%       $0     1.49%        $59,405
Unknown                              0.00%             $0    0.00%            $0      0.00%       $0     0.00%             $0
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000


<PAGE>

<TABLE>
<CAPTION>

---------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1995-A
                                                      ARM/HYBRID LOANS


                                                    CHANNEL OF ORIGINATION
---------------------------------------------------------------------------------------------------------------------------------
                                        RETAIL             CORRESPONDENT               BROKER                 TOTAL
Category                            #           $           #           $           #         $          #             $
---------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>         <C>           <C>       <C>            <C>       <C>        <C>         <C>
ORIGINAL POOL                          55    $4,558,700       424    $49,703,485        0        $0         479      $54,262,185
LTV/WAC                            58.78%        11.96%    64.99%         11.87%    0.00%     0.00%      64.47%           11.88%
A/A-                                    9      $808,400       130    $15,737,430        0        $0         139      $16,545,830
B                                       6      $456,200        77     $9,038,850        0        $0          83       $9,495,050
C                                      20    $1,789,000        65     $8,257,050        0        $0          85      $10,046,050
C-                                      4      $295,900        93     $9,727,550        0        $0          97      $10,023,450
D                                      16    $1,209,200        57     $6,738,755        0        $0          73       $7,947,955
Unknown                                 0            $0         2       $203,850        0        $0           2         $203,850
---------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                          7      $337,774        62     $6,912,396        0        $0          69       $7,250,170
LTV/WAC                            56.26%        12.66%    67.21%         12.28%    0.00%     0.00%      66.70%           12.30%
A/A-                                    0            $0        23     $2,434,427        0        $0          23       $2,434,427
B                                       2      $157,180        14     $1,217,011        0        $0          16       $1,374,190
C                                       3       $74,959         9       $985,558        0        $0          12       $1,060,517
C-                                      2      $105,635         9     $1,113,714        0        $0          11       $1,219,349
D                                       0            $0         6     $1,021,567        0        $0           6       $1,021,567
Unknown                                 0            $0         1       $140,119        0        $0           1         $140,119
---------------------------------------------------------------------------------------------------------------------------------
PAID OFF                           91.99%    $4,193,400    85.64%    $42,563,610    0.00%        $0      86.17%      $46,757,010
---------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                                 5      $294,314        49     $5,504,649        0        $0          54       $5,798,963
30-59                                   1       $22,064         3       $199,047        0        $0           4         $221,111
60-89                                   1       $21,396         3       $377,696        0        $0           4         $399,092
90-119                                  0            $0         0             $0        0        $0           0               $0
120-179                                 0            $0         1        $65,395        0        $0           1          $65,395
180-269                                 0            $0         0             $0        0        $0           0               $0
270-359                                 0            $0         2       $223,721        0        $0           2         $223,721
360+                                    0            $0         1       $191,286        0        $0           1         $191,286
REO                                     0            $0         3       $350,602        0        $0           3         $350,602
90+REO                                  -            $0         7       $831,004        -        $0          $7         $831,004
---------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance          0.56%       $25,562     4.68%     $2,325,295    0.00%        $0       4.33%       $2,350,857
Severity                            8.23%                  31.91%                   0.00%                30.94%
---------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                                0.00%            $0     3.02%       $475,412    0.00%        $0       2.87%         $475,412
B                                   0.00%            $0     2.02%       $182,791    0.00%        $0       1.93%         $182,791
C                                   0.00%            $0     5.69%       $470,086    0.00%        $0       4.68%         $470,086
C-                                -10.38%      ($30,702)    6.88%       $669,151    0.00%        $0       6.37%         $638,449
D                                   4.65%       $56,264     7.83%       $527,855    0.00%        $0       7.35%         $584,119
Unknown                          #DIV/0!             $0     0.00%             $0    0.00%        $0       0.00%               $0
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

--------------------------------------------------------------------------------------------------------------------------------
                                                COLLATERAL PERFORMANCE BY
                                             ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1995-B
                                                     ARM/HYBRID LOANS


                                                   CHANNEL OF ORIGINATION
--------------------------------------------------------------------------------------------------------------------------------
                                        RETAIL              CORRESPONDENT              BROKER                 TOTAL
Category                            #           $           #           $            #        $          #             $
--------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>         <C>           <C>       <C>             <C>      <C>         <C>       <C>
ORIGINAL POOL                          59    $4,495,700       535    $55,626,100         0       $0          594    $60,121,800
LTV/WAC                            59.69%        11.67%    65.45%         12.19%     0.00%    0.00%       65.02%         12.15%
A/A-                                   17    $1,528,800       100    $11,866,260         0       $0          117    $13,395,060
B                                      17    $1,143,000        75     $7,698,200         0       $0           92     $8,841,200
C                                      13      $974,800        94     $9,739,425         0       $0          107    $10,714,225
C-                                      3      $231,400       139    $13,732,625         0       $0          142    $13,964,025
D                                       9      $617,700       127    $12,589,590         0       $0          136    $13,207,290
Unknown                                 0            $0         0             $0         0       $0            0             $0
--------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                          7      $433,866        88     $8,390,362         0       $0           95     $8,824,229
LTV/WAC                            66.09%        11.67%    65.83%         12.50%     0.00%    0.00%       65.84%         12.46%
A/A-                                    3      $134,889        20     $2,128,532         0       $0           23     $2,263,421
B                                       2      $165,287        14     $1,212,771         0       $0           16     $1,378,058
C                                       1       $65,773        22     $2,056,854         0       $0           23     $2,122,627
C-                                      1       $67,917        20     $1,977,466         0       $0           21     $2,045,383
D                                       0            $0        12     $1,014,740         0       $0           12     $1,014,740
Unknown                                 0            $0         0             $0         0       $0            0             $0
--------------------------------------------------------------------------------------------------------------------------------
PAID OFF                           89.81%    $4,037,600    84.20%    $46,839,395     0.00%       $0       84.62%    $50,876,995
--------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                                 7      $433,866        57     $5,399,383         0       $0           64     $5,833,249
30-59                                   0            $0         2       $160,285         0       $0            2       $160,285
60-89                                   0            $0         2       $225,289         0       $0            2       $225,289
90-119                                  0            $0         2       $106,794         0       $0            2       $106,794
120-179                                 0            $0         4       $428,821         0       $0            4       $428,821
180-269                                 0            $0         2       $141,758         0       $0            2       $141,758
270-359                                 0            $0         4       $299,982         0       $0            4       $299,982
360+                                    0            $0         7       $707,114         0       $0            7       $707,114
REO                                     0            $0         8       $920,936         0       $0            8       $920,936
90+REO                                  -            $0        27     $2,605,405         -       $0          $27     $2,605,405
--------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance          0.60%       $27,193     9.32%     $5,182,154     0.00%       $0        8.66%     $5,209,347
Severity                           16.53%                  43.20%                    0.00%                42.84%
--------------------------------------------------------------------------------------------------------------------------------
LOSS Th DATE BY GRADE
A/A-                                0.00%            $0     1.54%       $182,236     0.00%       $0        1.36%       $182,236
B                                   0.65%        $7,378     2.89%       $222,412     0.00%       $0        2.60%       $229,790
C                                   0.00%            $0     8.98%       $874,443     0.00%       $0        8.16%       $874,443
C-                                  0.00%            $0    10.88%     $1,493,975     0.00%       $0       10.70%     $1,493,975
D                                   3.21%       $19,814    19.14%     $2,409,088     0.00%       $0       18.39%     $2,428,902
Unknown                          #DIV/0!             $0     0.00%             $0     0.00%       $0        0.00%             $0
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

----------------------------------------------------------------------------------------------------------------------------
                                                COLLATERAL PERFORMANCE BY
                                             ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1995-C
                                                     ARM/HYBRID LOANS


                                                   CHANNEL OF ORIGINATION
----------------------------------------------------------------------------------------------------------------------------
                                       RETAIL             CORRESPONDENT               BROKER              TOTAL
Category                           #           $          #           $            #        $         #            $
----------------------------------------------------------------------------------------------------------------------------
<S>                               <C>       <C>          <C>       <C>             <C>      <C>       <C>       <C>
ORIGINAL POOL                         57    $4,654,100      685    $68,275,030         0       $0        742    $72,929,130
LTV/WAC                           59.95%        11.61%   65.14%         12.35%     0.00%    0.00%     64.81%         12.30%
A/A-                                  18    $1,509,600      109    $12,831,175         0       $0        127    $14,340,775
B                                     17    $1,708,700       88    $10,076,615         0       $0        105    $11,785,315
C                                     15      $964,500      108     $9,564,750         0       $0        123    $10,529,250
C-                                     1       $65,000      185    $16,321,995         0       $0        186    $16,386,995
D                                      6      $406,300      195    $19,480,495         0       $0        201    $19,886,795
Unknown                                0            $0        0             $0         0       $0          0             $0
----------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                         9      $518,124       92     $7,635,216         0       $0        101     $8,153,341
LTV/WAC                           61.56%        12.20%   67.42%         12.86%     0.00%    0.00%     67.05%         12.82%
A/A-                                   3      $241,465       19     $1,647,084         0       $0         22     $1,888,549
B                                      2      $117,400       16     $1,541,940         0       $0         18     $1,659,341
C                                      3      $103,806       11       $851,470         0       $0         14       $955,275
C-                                     0            $0       25     $1,988,991         0       $0         25     $1,988,991
D                                      1       $55,454       21     $1,605,731         0       $0         22     $1,661,185
Unknown                                0            $0        0             $0         0       $0          0             $0
----------------------------------------------------------------------------------------------------------------------------
PAID OFF                          87.54%    $4,074,400   88.48%    $60,409,240     0.00%       $0     88.42%    $64,483,640
----------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                                7      $407,445       67     $5,747,700         0       $0         74     $6,155,145
30-59                                  1       $55,454        2       $164,736         0       $0          3       $220,190
60-89                                  0            $0        1        $94,837         0       $0          1        $94,837
90-119                                 0            $0        0             $0         0       $0          0             $0
120-179                                0            $0        1       $133,937         0       $0          1       $133,937
180-269                                1       $55,226        5       $303,731         0       $0          6       $358,957
270-359                                0            $0        3       $210,747         0       $0          3       $210,747
360+                                   0            $0       12       $907,440         0       $0         12       $907,440
REO                                    0            $0        1        $72,090         0       $0          1        $72,090
90+REO                                 1       $55,226       22     $1,627,945         -       $0        $23     $1,683,171
----------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance         0.46%       $21,294    7.88%     $5,376,689     0.00%       $0      7.40%     $5,397,983
Severity                          13.68%                 38.89%                    0.00%              38.61%
----------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                               1.13%       $17,049    3.59%       $460,947     0.00%       $0      3.33%       $477,996
B                                 -0.29%       ($4,963)   6.51%       $656,113     0.00%       $0      5.53%       $651,150
C                                  0.00%            $0    4.60%       $439,787     0.00%       $0      4.18%       $439,787
C-                                 0.00%            $0    9.14%     $1,491,273     0.00%       $0      9.10%     $1,491,273
D                                  2.27%        $9,209   11.95%     $2,328,569     0.00%       $0     11.76%     $2,337,778
Unknown                            0.00%            $0    0.00%             $0     0.00%       $0      0.00%             $0
----------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1995-D
                                                     ARM/HYBRID LOANS


                                                  CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------
                                       RETAIL               CORRESPONDENT            BROKER               TOTAL
Category                           #           $            #           $          #        $          #             $
------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>        <C>           <C>      <C>           <C>       <C>        <C>        <C>
ORIGINAL POOL                         29     $2,509,900       735   $74,053,341       0        $0         764     $76,563,241
LTV/WAC                           59.36%         11.34%    68.16%        12.27%   0.00%     0.00%      67.87%          12.24%
A/A-                                   6       $359,600       200   $22,741,061       0        $0         206     $23,100,661
B                                     11     $1,244,800       121   $11,706,675       0        $0         132     $12,951,475
C                                      5       $412,600       115   $11,681,262       0        $0         120     $12,093,862
C-                                     3       $218,500       119   $10,678,965       0        $0         122     $10,897,465
D                                      4       $274,400       180   $17,245,378       0        $0         184     $17,519,778
Unknown                                0             $0         0            $0       0        $0           0              $0
------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                         6       $519,614        96    $9,002,431       0        $0         102      $9,522,045
LTV/WAC                           62.01%         12.25%    68.31%        12.82%   0.00%     0.00%      67.97%          12.79%
A/A-                                   0             $0        22    $2,164,655       0        $0          22      $2,164,655
B                                      3       $270,785        22    $2,278,575       0        $0          25      $2,549,360
C                                      1        $67,743        14    $1,249,530       0        $0          15      $1,317,273
C-                                     1        $88,854        15    $1,327,970       0        $0          16      $1,416,824
D                                      1        $92,232        23    $1,981,701       0        $0          24      $2,073,933
Unknown                                0             $0         0            $0       0        $0           0              $0
------------------------------------------------------------------------------------------------------------------------------
PAID OFF                          78.78%     $1,977,200    87.53%   $64,819,881   0.00%        $0      87.24%     $66,797,081
------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                                5       $444,430        62    $5,726,338       0        $0          67      $6,170,768
30-59                                  0             $0         5      $462,968       0        $0           5        $462,968
60-89                                  0             $0         1       $57,028       0        $0           1         $57,028
90-119                                 0             $0         2      $170,386       0        $0           2        $170,386
120-179                                1        $75,184         2      $103,514       0        $0           3        $178,698
180-269                                0             $0         2       $80,238       0        $0           2         $80,238
270-359                                0             $0         2      $149,965       0        $0           2        $149,965
360+                                   0             $0        13    $1,297,620       0        $0          13      $1,297,620
REO                                    0             $0         7      $954,374       0        $0           7        $954,374
90+REO                                 1        $75,184        28    $2,756,097       -        $0         $29      $2,831,281
------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance         3.68%        $92,348     5.89%    $4,361,460   0.00%        $0       5.82%      $4,453,808
Severity                          85.91%                   38.97%                 0.00%                39.42%
------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                               0.00%             $0     3.11%      $708,068   0.00%        $0       3.07%        $708,068
B                                  0.00%             $0     4.17%      $487,955   0.00%        $0       3.77%        $487,955
C                                  0.00%             $0     5.45%      $636,989   0.00%        $0       5.27%        $636,989
C-                                19.61%        $42,850     7.95%      $849,323   0.00%        $0       8.19%        $892,173
D                                 18.04%        $49,498     9.74%    $1,679,125   0.00%        $0       9.87%      $1,728,623
Unknown                            0.00%             $0     0.00%            $0   0.00%        $0       0.00%              $0
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

--------------------------------------------------------------------------------------------------------------------------
                                                COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                             AAMES MORTGAGE TRUST, SERIES 1996-A
                                                     ARM/HYBRID LOANS


                                                  CHANNEL OF ORIGINATION
--------------------------------------------------------------------------------------------------------------------------
                                        RETAIL             CORRESPONDENT             BROKER              TOTAL
Category                           #           $           #           $          #        $        #            $
--------------------------------------------------------------------------------------------------------------------------
<S>                               <C>       <C>           <C>      <C>           <C>      <C>     <C>        <C>
ORIGINAL POOL                         34    $2,461,000       951   $99,064,240        0      $0       985    $101,525,240
LTV/WAC                           58.70%        11.35%    66.01%        12.29%    0.00%   0.00%    65.83%          12.27%
A/A-                                   9      $968,600       178   $21,578,935        0      $0       187     $22,547,535
B                                      5      $388,600       118   $13,137,790        0      $0       123     $13,526,390
C                                     10      $495,400       148   $15,703,236        0      $0       158     $16,198,636
C-                                     0            $0       156   $14,641,429        0      $0       156     $14,641,429
D                                     10      $608,400       351   $34,002,850        0      $0       361     $34,611,250
Unknown                                0            $0         0            $0        0      $0         0              $0
--------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                         6      $376,147       139   $12,419,674        0      $0       145     $12,795,821
LTV/WAC                           63.73%        12.26%    67.04%        13.11%    0.00%   0.00%    66.94%          13.09%
A/A-                                   3      $221,471        29    $3,051,105        0      $0        32      $3,272,576
B                                      0            $0        15    $1,398,208        0      $0        15      $1,398,208
C                                      2      $130,375        16    $1,194,231        0      $0        18      $1,324,606
C-                                     0            $0        19    $1,484,084        0      $0        19      $1,484,084
D                                      1       $24,301        60    $5,292,045        0      $0        61      $5,316,346
Unknown                                0            $0         0            $0        0      $0         0              $0
--------------------------------------------------------------------------------------------------------------------------
PAID OFF                          84.17%    $2,071,400    87.19%   $86,374,702    0.00%      $0    87.12%     $88,446,102
--------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                                4      $313,477        90    $7,313,145        0      $0        94      $7,626,622
30-59                                  1       $34,041         5      $301,047        0      $0         6        $335,088
60-89                                  0            $0         2      $133,271        0      $0         2        $133,271
90-119                                 0            $0         1       $47,773        0      $0         1         $47,773
120-179                                0            $0         3      $245,968        0      $0         3        $245,968
180-269                                0            $0         2      $128,413        0      $0         2        $128,413
270-359                                0            $0         3      $309,970        0      $0         3        $309,970
360+                                   1       $28,629        28    $3,419,941        0      $0        29      $3,448,570
REO                                    0            $0         5      $520,146        0      $0         5        $520,146
90+REO                                 1       $28,629        42    $4,672,211        -      $0       $43      $4,700,840
--------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance         1.79%       $43,936     5.49%    $5,439,709    0.00%      $0     5.40%      $5,483,645
Severity                          58.04%                  41.17%                  0.00%            41.27%
--------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                               0.00%            $0     3.34%      $720,632    0.00%      $0     3.20%        $720,632
B                                  8.13%       $31,611     6.42%      $843,858    0.00%      $0     6.47%        $875,469
C                                  0.00%            $0     2.51%      $394,425    0.00%      $0     2.43%        $394,425
C-                              #DIV/0!             $0     2.17%      $318,018    0.00%      $0     2.17%        $318,018
D                                  2.03%       $12,326     9.30%    $3,162,776    0.00%      $0     9.17%      $3,175,102
Unknown                            0.00%            $0     0.00%            $0    0.00%      $0     0.00%              $0
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------
                                                COLLATERAL PERFORMANCE BY
                                             ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1996-B
                                                    ARM/HYBRID LOANS


                                                  CHANNELS OF ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------
                                         RETAIL             CORRESPONDENT              BROKER               TOTAL
Category                            #           $           #            $           #        $        #            $
-----------------------------------------------------------------------------------------------------------------------------
<S>                                <C>        <C>          <C>       <C>             <C>     <C>      <C>       <C>
ORIGINAL POOL                          44     $3,478,600     1885    $179,551,230        0      $0      1929    $183,029,830
LTV/WAC                            63.94%         11.44%   66.52%          12.19%    0.00%   0.00%    66.47%          12.18%
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                          5       $278,976      281     $22,384,303        0      $0       286     $22,663,279
LTV/WAC                            60.45%         12.45%   65.56%          13.12%    0.00%   0.00%    65.50%          13.11%
A/A-                                    0             $0       31      $2,970,648        0      $0        31      $2,970,648
B                                       0             $0       25      $2,590,182        0      $0        25      $2,590,182
C                                       2       $102,626       44      $3,439,204        0      $0        46      $3,541,831
C-                                      1        $58,139       39      $2,299,458        0      $0        40      $2,357,597
D                                       2       $118,211      142     $11,084,811        0      $0       144     $11,203,021
Unknown                                 0             $0        0              $0        0      $0         0              $0
-----------------------------------------------------------------------------------------------------------------------------
PAID OFF                           91.82%     $3,194,100   87.14%    $156,467,945    0.00%      $0    87.23%    $159,662,045
-----------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                                 3       $167,793      164     $12,784,195        0      $0       167     $12,951,988
30-59                                   0             $0        6        $360,013        0      $0         6        $360,013
60-89                                   0             $0        4        $403,794        0      $0         4        $403,794
90-119                                  0             $0        5        $216,909        0      $0         5        $216,909
120-179                                 0             $0        9        $716,575        0      $0         9        $716,575
180-269                                 0             $0       12        $890,995        0      $0        12        $890,995
270-359                                 0             $0       11        $870,889        0      $0        11        $870,889
360+                                    2       $111,183       50      $4,010,211        0      $0        52      $4,121,394
REO                                     0             $0       20      $2,130,722        0      $0        20      $2,130,722
90+REO                                  2       $111,183      107      $8,836,301        -      $0      $109      $8,947,484
-----------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance          1.53%        $53,281    4.55%      $8,165,009    0.00%      $0     4.49%      $8,218,290
Severity                           65.78%                  41.58%                    0.00%            41.68%
-----------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                                0.00%             $0    2.03%        $667,796    0.00%      $0     1.97%        $667,796
B                                   0.00%             $0    3.17%        $792,886    0.00%      $0     3.07%        $792,886
C                                   0.00%             $0    3.70%      $1,212,474    0.00%      $0     3.63%      $1,212,474
C-                                  0.00%             $0    4.33%        $840,912    0.00%      $0     4.31%        $840,912
D                                   5.68%        $53,281    6.70%      $4,650,941    0.00%      $0     6.69%      $4,704,222
Unknown                          #DIV/0!              $0    0.00%              $0    0.00%      $0     0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------------
                                                COLLATERAL PERFORMANCE BY
                                             ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1996-C
                                                     ARM/HYBRID LOANS


                                                   CHANNEL OF ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
                                       RETAIL             CORRESPONDENT                   BROKER                  TOTAL
Category                           #          $           #            $             #           $            #           $
-----------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>      <C>           <C>        <C>             <C>      <C>             <C>      <C>
ORIGINAL POOL                         84   $5,862,900      1999     $193,218,828      1686   $152,754,479      3769   $351,836,207
LTV/WAC                           66.20%       11.48%    67.62%           12.05%    70.30%         11.41%    68.76%         11.76%
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                        16     $763,516       339      $29,120,266       273    $21,910,872       628    $51,794,654
LTV/WAC                           62.92%       12.33%    67.90%           13.16%    71.16%         12.67%    69.21%         12.94%
A/A-                                   5     $257,963        64       $5,893,711       113    $10,627,117       182    $16,778,790
B                                      1     $115,637        49       $4,851,448        87     $7,227,900       137    $12,194,985
C                                      3     $111,723        43       $3,811,175        63     $3,480,104       109     $7,403,002
C-                                     3     $172,042        45       $3,462,141         2        $83,274        50     $3,717,457
D                                      4     $106,152       138      $11,101,792         8       $492,477       150    $11,700,421
Unknown                                0           $0         0               $0         0             $0         0             $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                          85.60%   $5,018,800    84.59%     $163,435,160    85.27%   $130,252,245    84.90%   $298,706,205
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                               12     $598,485       214      $17,831,503       179    $14,181,590       405    $32,611,578
30-59                                  1      $52,831         6         $432,458         9     $1,036,116        16     $1,521,405
60-89                                  0           $0         5         $440,398         7       $538,048        12       $978,446
90-119                                 1      $26,131         7         $556,514         5       $346,357        13       $929,002
120-179                                0           $0         8         $674,841        10       $556,569        18     $1,231,410
180-269                                1      $63,361        11         $866,623         5       $427,806        17     $1,357,790
270-359                                0           $0         9         $835,634         9       $904,830        18     $1,740,464
360+                                   1      $22,708        58       $5,674,738        28     $2,678,772        87     $8,376,218
REO                                    0           $0        21       $1,807,557        21     $1,240,785        42     $3,048,342
90+REO                                 3     $112,200       114      $10,415,907        78     $6,155,119      $195    $16,683,226
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance         2.19%     $128,299     5.12%       $9,885,282     3.68%     $5,627,138     4.45%    $15,640,719
Severity                          56.10%                 44.65%                     43.64%                   44.35%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                               0.00%           $0     2.40%       $1,060,760     2.92%     $2,172,261     2.70%     $3,233,021
B                                  1.96%      $36,546     2.13%         $650,359     2.08%       $953,057     2.10%     $1,639,962
C                                 10.10%      $91,754     2.66%         $688,706     7.53%     $2,267,026     5.35%     $3,047,486
C-                                 0.00%           $0     5.26%       $1,424,576    16.15%        $53,491     5.26%     $1,478,067
D                                  0.00%           $0     9.24%       $6,060,881     8.67%       $181,302     9.05%     $6,242,183
Unknown                            0.00%           $0     0.00%               $0     0.00%             $0     0.00%             $0
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                             AAMES MORTGAGE TRUST, SERIES 1996-D
                                                      ARM/HYBRID LOANS


                                                    CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
                                        RETAIL              CORRESPONDENT               BROKER                   TOTAL
Category                           #           $            #           $           #            $           #            $
------------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>        <C>           <C>     <C>              <C>     <C>            <C>         <C>
ORIGINAL POOL                         66     $5,555,500      2152  $213,125,559       1605  $141,157,348      3823     $359,838,407
LTV/WAC                           66.39%         10.94%    69.02%        12.08%     70.62%        11.23%    69.61%           11.73%
A/A-                                  18     $1,999,200       492   $59,178,700        662   $65,757,242      1172     $126,935,142
B                                     17     $1,404,100       390   $44,254,540        468   $42,424,019       875      $88,082,659
C                                     12       $759,300       362   $32,844,117        246   $17,218,172       620      $50,821,589
C-                                    10       $630,000       227   $18,245,964         66    $5,052,805       303      $23,928,769
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                        14     $1,071,946       396   $33,348,972        275   $21,574,703       685      $55,995,620
LTV/WAC                           65.10%         12.52%    68.39%        13.12%     71.46%        12.85%    69.51%           13.00%
A/A-                                   2       $150,197        92    $8,754,155        102    $9,245,687       196      $18,150,039
B                                      3       $255,368        64    $6,456,086         86    $7,067,412       153      $13,778,867
C                                      4       $243,988        64    $5,139,611         40    $2,548,509       108       $7,932,109
C-                                     2        $75,721        40    $2,824,288         15      $901,302        57       $3,801,311
D                                      3       $346,671       136   $10,174,832         32    $1,811,792       171      $12,333,295
Unknown                                0             $0         0            $0          0            $0         0               $0
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                          80.34%     $4,463,400    84.05%  $179,131,218     84.13%  $118,753,570    84.02%     $302,348,188
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                                8       $524,833       230   $19,891,770        169   $12,703,671       407      $33,120,274
30-59                                  2       $233,595        20    $1,952,920         10      $752,647        32       $2,939,162
60-89                                  0             $0         8      $575,712          4      $359,267        12         $934,979
90-119                                 0             $0         8      $791,805          3      $127,151        11         $918,956
120-179                                1        $43,091        11      $717,102         11      $825,639        23       $1,585,832
180-269                                0             $0        15      $995,280         15      $814,287        30       $1,809,567
270-359                                0             $0        10      $603,101         12    $1,320,345        22       $1,923,446
360+                                   3       $270,426        58    $4,930,969         33    $3,459,703        94       $8,661,098
REO                                    0             $0        36    $2,890,313         18    $1,211,993        54       $4,102,306
90+REO                                 4       $313,517       138   $10,928,570         92    $7,759,118      $234      $19,001,205
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance         1.35%        $74,734     4.31%    $9,195,634      3.00%    $4,227,961     3.75%      $13,498,329
Severity                          44.48%                   40.50%                   47.49%                  42.48%
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                               0.00%             $0     1.23%      $728,688      1.35%      $884,611     1.27%       $1,613,299
B                                  1.58%        $22,168     2.11%      $935,096      3.13%    $1,329,596     2.60%       $2,286,860
C                                  0.00%             $0     5.58%    $1,831,299      7.07%    $1,216,550     6.00%       $3,047,849
C-                                 8.34%        $52,566     4.46%      $814,124      2.13%      $107,499     4.07%         $974,189
D                                  0.00%             $0     8.34%    $4,886,426      6.44%      $689,705     7.96%       $5,576,131
Unknown                            0.00%             $0     0.00%            $0      0.00%            $0     0.00%               $0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                             AAMES MORTGAGE TRUST, SERIES 1997-1
                                                      ARM/HYBRID LOANS


                                                   CHANNEL OF ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
                                    RETAIL              CORRESPONDENT                BROKER                     TOTAL
Category                       #           $            #            $           #            $             #             $
-----------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>       <C>            <C>       <C>            <C>        <C>              <C>       <C>
ORIGINAL POOL                    114    $11,656,400      2475    $265,425,519     1636     $142,044,653       4225    $419,126,572
LTV/WAC                       71.95%         10.67%    71.47%          11.37%   71.23%           11.09%     71.40%          11.26%
A/A-                              43     $5,115,800       850    $104,765,807      677      $67,491,508       1570    $177,373,115
B                                 36     $3,888,800       710     $77,904,516      470      $41,060,396       1216    $122,853,712
C                                 21     $1,646,000       341     $32,547,403      205      $15,832,711        567     $50,026,114
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                    29     $2,962,277       508     $45,471,596      368      $27,438,954        905     $75,872,827
LTV/WAC                       71.02%         11.22%    71.25%          12.48%   72.37%           12.39%     71.65%          12.40%
A/A-                              11     $1,420,792       156     $14,921,684      139      $11,359,265        306     $27,701,741
B                                  8       $916,285       141     $13,077,070      104       $8,766,375        253     $22,759,730
C                                  4       $311,882        77      $5,885,302       46       $2,963,377        127      $9,160,560
C-                                 0             $0        22      $2,233,170       20       $1,015,430         42      $3,248,600
D                                  6       $313,319       112      $9,354,371       59       $3,334,506        177     $13,002,195
Unknown                            0             $0         0              $0        0               $0          0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      72.99%     $8,508,000    82.33%    $218,526,615   80.23%     $113,961,160     81.36%    $340,995,775
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                           23     $2,525,997       337     $28,612,733      233      $16,872,669        593     $48,011,399
30-59                              0             $0        24      $1,803,929       12       $1,124,667         36      $2,928,596
60-89                              0             $0         6        $530,167       13         $818,010         19      $1,348,177
90-119                             0             $0         6        $552,856       12       $1,073,315         18      $1,626,171
120-179                            1       $151,579         9      $1,165,410        6         $564,585         16      $1,881,574
180-269                            0             $0        20      $2,125,113       13         $936,654         33      $3,061,767
270-359                            0             $0        11        $936,749       11         $689,612         22      $1,626,361
360+                               5       $284,701        73      $7,469,133       41       $3,418,684        119     $11,172,518
REO                                0             $0        22      $2,275,505       27       $1,940,758         49      $4,216,263
90+REO                             6       $436,280       141     $14,524,766      110       $8,623,608       $257     $23,584,654
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance     2.01%       $234,541     3.42%      $9,076,226    3.22%       $4,579,123      3.31%     $13,889,890
Severity                      38.49%                   41.86%                   45.38%                      42.89%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                           0.00%             $0     2.09%      $2,192,441    2.09%       $1,409,817      2.03%      $3,602,258
B                              4.49%       $174,483     3.05%      $2,373,720    2.55%       $1,046,208      2.93%      $3,594,411
C                              0.00%             $0     3.90%      $1,270,774    7.29%       $1,154,081      4.85%      $2,424,855
C-                             0.00%             $0     3.35%        $415,633    3.44%         $175,043      3.37%        $590,676
D                              6.26%        $60,058     7.52%      $2,823,658    6.32%         $793,973      7.20%      $3,677,689
Unknown                        0.00%             $0     0.00%              $0    0.00%               $0      0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

--------------------------------------------------------------------------------------------------------------------------------
                                                COLLATERAL PERFORMANCE BY
                                             ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1997-B
                                                     ARM/HYBRID LOANS


                                                   CHANNEL OF ORIGINATION
--------------------------------------------------------------------------------------------------------------------------------
                                       RETAIL             CORRESPONDENT                 BROKER                  TOTAL
Category                           #           $          #            $            #           $           #           $
--------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>       <C>          <C>        <C>            <C>      <C>           <C>      <C>
ORIGINAL POOL                        103    $9,523,800     1889     $207,318,764     1089   $93,167,943      3081  $310,010,507
LTV/WAC                           73.48%        10.58%   73.93%           11.27%   73.53%        11.02%    73.80%        11.17%
A/A-                                  45    $5,192,100      768     $100,273,305      453   $44,907,069      1266  $150,372,474
B                                     33    $2,567,500      535      $57,922,743      313   $26,959,987       881   $87,450,230
C                                     14    $1,030,700      283      $23,871,246      132    $8,830,581       429   $33,732,527
C-                                     4      $328,900       73       $6,059,892       53    $3,521,292       130    $9,910,084
D                                      7      $404,600      230      $19,191,578      138    $8,949,014       375   $28,545,192
Unknown                                0            $0        0               $0        0            $0         0            $0
--------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                        32    $2,649,552      459      $40,296,744      320   $25,532,798       811   $68,479,094
LTV/WAC                           77.01%        12.00%   73.96%           12.56%   75.37%        12.11%    74.60%        12.37%
A/A-                                  12    $1,145,838      166      $17,614,223      135   $12,296,661       313   $31,056,721
B                                     11      $679,653      141      $12,177,564       97    $7,943,547       249   $20,800,764
C                                      6      $615,092       75       $5,009,621       38    $2,181,839       119    $7,806,552
C-                                     2      $176,676       16       $1,322,283       15      $854,156        33    $2,353,115
D                                      1       $32,293       61       $4,173,052       35    $2,256,596        97    $6,461,941
Unknown                                0            $0        0               $0        0            $0         0            $0
--------------------------------------------------------------------------------------------------------------------------------
PAID OFF                          71.26%    $6,786,300   80.15%     $166,163,303   71.97%   $67,053,572    77.42%  $240,003,175
--------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                               27    $2,193,274      361      $31,749,042      229   $19,229,745       617   $53,172,061
30-59                                  1       $39,633        8         $549,340       13      $748,848        22    $1,337,821
60-89                                  1       $55,372        1          $90,173       10      $699,937        12      $845,482
90-119                                 0            $0        4         $195,540        3      $468,171         7      $663,711
120-179                                1       $95,769       11       $1,248,275        8      $456,277        20    $1,800,321
180-269                                0            $0       18       $1,411,997        9      $637,902        27    $2,049,899
270-359                                1       $32,293        5         $575,643        5      $399,279        11    $1,007,215
360+                                   1      $233,211       30       $2,450,191       27    $2,076,671        58    $4,760,073
REO                                    0            $0       21       $2,026,542       16      $815,969        37    $2,842,511
90+REO                                 3      $361,273       89       $7,908,188       68    $4,854,269      $160   $13,123,730
--------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance         0.97%       $92,209    2.15%       $4,447,715    2.80%    $2,605,000     2.30%    $7,144,924
Severity                          48.97%                 39.40%                    44.31%                  41.17%
--------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                               0.91%       $47,344    0.85%         $854,657    1.56%      $700,429     1.07%    $1,602,430
B                                  0.00%            $0    2.92%       $1,688,544    3.01%      $810,374     2.86%    $2,498,918
C                                  0.00%            $0    3.12%         $744,405    4.52%      $399,046     3.39%    $1,143,451
C-                                 0.00%            $0    1.49%          $90,255    1.59%       $56,022     1.48%      $146,277
D                                 11.09%       $44,864    5.57%       $1,069,853    7.14%      $639,129     6.14%    $1,753,846
Unknown                            0.00%            $0    0.00%               $0    0.00%            $0     0.00%            $0
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                COLLATERAL PERFORMANCE BY
                                             ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1997-C
                                                   ARM/HYBRID LOANS


                                                 CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
                                       RETAIL              CORRESPONDENT                BROKER                      TOTAL
Category                           #          $            #           $            #            $             #            $
------------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>       <C>            <C>      <C>             <C>       <C>               <C>      <C>
ORIGINAL POOL                       131    $12,409,400      1065   $110,297,284      2315    $203,146,282        3511   $325,852,966
LTV/WAC                          74.34%         10.86%    75.03%         11.58%    75.58%          10.45%      75.35%         10.84%
A/A-                                 64     $6,592,700       451    $53,686,083      1262    $127,919,803        1777   $188,198,586
B                                    42     $4,149,000       278    $29,969,275       567     $44,339,853         887    $78,458,128
C                                    12       $855,600       122     $9,473,416       232     $14,427,329         366    $24,756,345
C-                                    5       $441,900        37     $2,758,625        80      $5,594,596         122     $8,795,121
D                                     8       $370,200       177    $14,409,885       174     $10,864,701         359    $25,644,786
Unknown                               0             $0         0             $0         0              $0           0             $0
------------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                       27     $2,448,566       326    $28,498,397       882     $72,890,421        1235   $103,837,384
LTV/WAC                          76.54%         11.93%    74.65%         12.96%    75.91%          10.74%      75.58%         11.37%
A/A-                                 10       $808,722       131    $12,196,524       521     $48,012,900         662    $61,018,145
B                                    11     $1,340,879        88     $9,032,275       220     $15,894,824         319    $26,267,978
C                                     3       $171,962        38     $2,493,530        71      $3,951,043         112     $6,616,535
C-                                    2       $110,796         8       $638,744        23      $1,763,297          33     $2,512,837
D                                     1        $16,207        61     $4,137,324        47      $3,268,357         109     $7,421,888
Unknown                               0             $0         0             $0         0              $0           0             $0
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                         79.75%     $9,896,400    73.69%    $81,273,044    63.24%    $128,465,834      67.40%   $219,635,278
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                              22     $1,871,941       231    $20,863,295       721     $60,433,817         974    $83,169,053
30-59                                 1       $280,180         7       $628,604        19      $1,356,467          27     $2,265,251
60-89                                 0             $0         2       $181,839        14        $938,182          16     $1,120,021
90-119                                0             $0         4       $210,516         8        $960,625          12     $1,171,141
120-179                               0             $0         9       $648,899        11        $839,295          20     $1,488,194
180-269                               1       $124,638         5       $361,423        25      $2,216,755          31     $2,702,816
270-359                               1        $84,567        11     $1,277,528        18      $1,502,931          30     $2,865,026
360+                                  2        $87,240        30     $2,260,167        34      $2,768,272          66     $5,115,679
REO                                   0             $0        27     $2,066,126        32      $1,874,075          59     $3,940,201
90+REO                                4       $296,445        86     $6,824,659       128     $10,161,953        $218    $17,283,057
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance        0.18%        $22,470     4.14%     $4,564,905     2.87%      $5,833,294       3.20%    $10,420,669
Severity                          8.50%                   47.15%                   45.05%                      45.52%
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                             -0.09%        ($5,745)    3.22%     $1,729,184     1.87%      $2,386,501       2.18%     $4,109,940
B                                 0.68%        $28,215     3.81%     $1,140,741     3.50%      $1,551,483       3.47%     $2,720,439
C                                 0.00%             $0     6.85%       $648,865     5.22%        $753,107       5.66%     $1,401,972
C-                                0.00%             $0     1.78%        $49,203     3.52%        $196,837       2.80%       $246,040
D                                 0.00%             $0     6.92%       $996,912     8.70%        $945,366       7.57%     $1,942,278
Unknown                           0.00%             $0     0.00%             $0     0.00%              $0       0.00%             $0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                COLLATERAL PERFORMANCE BY
                                             ORIGINATION CHANNEL/CREDIT GRADE
                                            AAMES MORTGAGE TRUST, SERIES 1997-D
                                                     ARM/HYBRID LOANS


                                                  CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
                                       RETAIL             CORRESPONDENT                BROKER                      TOTAL
Category                           #          $           #           $           #             $             #             $
------------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>       <C>           <C>     <C>              <C>       <C>               <C>       <C>
ORIGINAL POOL                       172    $19,620,200     1045  $119,360,650       2733    $243,684,583        3950    $382,665,433
LTV/WAC                          75.51%         10.58%   78.94%        11.49%     75.84%          10.29%      76.79%          10.68%
A/A-                                 92    $12,859,400      570   $73,999,693       1516    $153,504,039        2178    $240,363,132
B                                    46     $4,024,600      236   $24,223,977        713     $57,400,764         995     $85,649,341
C                                    11       $957,700       85    $7,826,650        251     $16,514,283         347     $25,298,633
C-                                   13     $1,089,700       19    $1,730,550         64      $4,181,732          96      $7,001,982
D                                    10       $688,800      135   $11,579,780        189     $12,083,765         334     $24,352,345
Unknown                               0             $0        0            $0          0              $0           0              $0
------------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                       64     $5,952,964      325   $30,392,006       1259    $105,653,908        1648    $141,998,878
LTV/WAC                          76.98%         11.58%   78.86%        12.74%     76.44%          10.41%      76.98%          10.96%
A/A-                                 35     $3,558,832      156   $16,210,254        756     $70,985,901         947     $90,754,987
B                                    20     $1,682,700       96    $8,571,894        314     $22,994,195         430     $33,248,789
C                                     4       $233,579       29    $2,549,360         90      $5,820,840         123      $8,603,779
C-                                    5       $477,854        2      $262,358         23      $1,235,113          30      $1,975,325
D                                     0             $0       42    $2,798,140         76      $4,617,858         118      $7,415,997
Unknown                               0             $0        0            $0          0              $0           0              $0
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                         68.74%    $13,487,400   74.55%   $88,988,761     55.68%    $135,686,230      62.24%    $238,162,391
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                              45     $4,184,085      240   $22,623,968       1024     $85,801,972        1309    $112,610,025
30-59                                 1        $94,365        7      $600,069         31      $2,829,011          39      $3,523,445
60-89                                 0             $0        7      $644,574         14      $1,245,862          21      $1,890,436
90-119                                1        $33,075        3      $240,915         13      $1,329,748          17      $1,603,738
120-179                               2       $171,217        4      $338,115         28      $2,500,292          34      $3,009,624
180-269                               0             $0        6      $740,135         26      $1,663,588          32      $2,403,723
270-359                               3       $273,365        6      $532,578         22      $1,535,830          31      $2,341,773
360+                                  6       $671,442       21    $2,178,710         64      $6,269,811          91      $9,119,963
REO                                   6       $525,415       31    $2,492,942         37      $2,477,794          74      $5,496,151
90+REO                               18     $1,674,514       71    $6,523,395        190     $15,777,063        $279     $23,974,972
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance        1.74%       $341,814    3.30%    $3,941,743      2.16%      $5,267,266       2.50%      $9,550,823
Severity                         52.39%                  43.97%                   42.14%                      43.18%
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                              1.43%       $183,318    2.33%    $1,726,973      1.39%      $2,128,068       1.68%      $4,038,359
B                                 1.48%        $59,587    4.30%    $1,041,812      2.59%      $1,485,029       3.02%      $2,586,428
C                                 0.00%             $0    3.19%      $249,969      4.15%        $685,694       3.70%        $935,663
C-                                5.01%        $54,631    5.19%       $89,796      6.15%        $257,151       5.74%        $401,578
D                                 6.43%        $44,278    7.20%      $833,193      5.89%        $711,325       6.52%      $1,588,796
Unknown                           0.00%             $0    0.00%            $0      0.00%              $0       0.00%              $0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                             AAMES MORTGAGE TRUST, SERIES 1998-A
                                                      ARM/HYBRID LOANS


                                                   CHANNEL OF ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
                                        RETAIL             CORRESPONDENT              BROKER                     TOTAL
Category                           #           $           #           $           #           $             #            $
-----------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>      <C>            <C>       <C>          <C>         <C>           <C>        <C>
ORIGINAL POOL                         96   $10,815,700       512    $53,120,014     994      $86,545,044      1602    $150,480,758
LTV/WAC                           78.08%        10.93%    78.18%         11.44%  76.41%           10.78%    77.15%          11.02%
A/A-                                  55    $6,884,100       254    $29,321,852     504      $50,697,018       813     $86,902,970
B                                     29    $3,055,800       129    $13,854,006     288      $22,626,237       446     $39,536,043
C                                      1       $50,000        44     $3,579,588      89       $6,074,423       134      $9,704,011
C-                                     6      $560,300         9       $629,500      31       $1,991,120        46      $3,180,920
D                                      5      $265,500        76     $5,735,068      82       $5,156,246       163     $11,156,814
Unknown                                0            $0         0             $0       0               $0         0              $0
-----------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                        31    $3,119,761       197    $18,339,962     492      $40,264,393       720     $61,724,116
LTV/WAC                           77.70%        11.76%    77.63%         12.56%  77.41%           11.41%    77.49%          11.77%
A/A-                                  19    $2,031,642        86     $8,805,532     255      $24,430,145       360     $35,267,318
B                                      8      $730,062        57     $5,466,115     144      $10,023,845       209     $16,220,022
C                                      0            $0        12     $1,094,226      44       $2,527,573        56      $3,621,799
C-                                     1      $176,736         4       $377,628      14         $998,754        19      $1,553,118
D                                      3      $181,322        38     $2,596,462      35       $2,284,075        76      $5,061,859
Unknown                                0            $0         0             $0       0               $0         0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                          68.24%    $7,380,200    64.96%    $34,507,649  52.62%      $45,544,000    58.10%     $87,431,849
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                               23    $2,330,472       115    $11,555,842     384      $31,370,183       522     $45,256,497
30-59                                  2      $105,258         6       $595,475      19       $1,781,471        27      $2,482,204
60-89                                  0            $0         7     $1,105,769       6         $479,584        13      $1,585,353
90-119                                 0            $0         4       $331,224       9         $693,838        13      $1,025,062
120-179                                2      $310,077         5       $616,840      10         $648,583        17      $1,575,500
180-269                                2      $211,772         6       $521,309      12       $1,340,821        20      $2,073,902
270-359                                0            $0         3       $240,181       8         $657,643        11        $897,824
360+                                   2      $162,182        27     $2,151,734      27       $2,118,001        56      $4,431,917
REO                                    0            $0        24     $1,221,587      17       $1,174,269        41      $2,395,856
90+REO                                 6      $684,031        69     $5,082,875      83       $6,633,155      $158     $12,400,061
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance         0.68%       $73,040     5.65%     $2,998,801   1.78%       $1,544,637     3.07%      $4,616,478
Severity                          23.38%                  53.16%                 42.66%                     48.22%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                               0.94%       $65,036     5.96%     $1,746,897   1.06%         $536,004     2.70%      $2,347,937
B                                  0.26%        $8,004     3.07%       $424,890   2.26%         $511,157     2.39%        $944,051
C                                  0.00%            $0    11.73%       $419,760   3.55%         $215,558     6.55%        $635,318
C-                                 0.00%            $0    13.35%        $84,032   1.37%          $27,313     3.50%        $111,345
D                                  0.00%            $0     5.64%       $323,221   4.94%         $254,605     5.18%        $577,826
Unknown                            0.00%            $0     0.00%             $0   0.00%               $0     0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

---------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                             AAMES MORTGAGE TRUST, SERIES 1998-B
                                                     ARM/HYBRID LOANS


                                                  CHANNEL OF ORIGINATION
---------------------------------------------------------------------------------------------------------------------------------
                                       RETAIL            CORRESPONDENT                 BROKER                  TOTAL
Category                           #          $          #           $            #            $           #            $
---------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>     <C>           <C>      <C>             <C>       <C>            <C>       <C>
ORIGINAL POOL                        223  $20,701,000     1063   $128,196,047      2550    $225,570,556     3836    $374,467,603
LTV/WAC                           75.56%       11.11%   80.13%         11.05%    77.40%          10.62%   78.23%          10.80%
A/A-                                 103  $11,096,100      630    $83,840,520      1268    $130,730,863     2001    $225,667,483
B                                     70   $6,137,400      221    $25,127,140       783     $63,641,009     1074     $94,905,549
C                                     24   $2,027,000       74     $7,155,032       236     $14,035,800      334     $23,217,832
C-                                    10     $643,400       10       $993,375        67      $4,359,114       87      $5,995,889
D                                     16     $797,100      128    $11,079,980       196     $12,803,770      340     $24,680,850
Unknown                                0           $0        0             $0         0              $0        0              $0
---------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                        97   $8,725,455      486    $54,072,663      1319    $109,565,308     1902    $172,363,426
LTV/WAC                           78.00%       12.06%   80.34%         12.11%    78.14%          11.60%   78.82%          11.79%
A/A-                                  48   $4,532,189      285    $34,202,086       660     $63,386,018      993    $102,120,294
B                                     29   $2,733,365      109    $12,315,803       428     $32,634,854      566     $47,684,022
C                                     11     $900,620       35     $2,698,336       119      $6,549,390      165     $10,148,346
C-                                     4     $280,446        4       $360,701        28      $1,562,271       36      $2,203,418
D                                      5     $278,834       53     $4,495,737        84      $5,432,774      142     $10,207,345
Unknown                                0           $0        0             $0         0              $0        0              $0
---------------------------------------------------------------------------------------------------------------------------------
PAID OFF                          58.37%  $12,082,300   57.18%    $73,302,748    50.59%    $114,106,650   53.27%    $199,491,698
---------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                               77   $7,016,515      353    $40,103,792      1048     $88,455,636     1478    $135,575,943
30-59                                  9     $568,068       14     $1,532,284        49      $4,075,252       72      $6,175,604
60-89                                  1      $46,414       13     $1,401,235        15        $904,407       29      $2,352,056
90-119                                 2     $152,409        6       $606,702        11      $1,025,408       19      $1,784,519
120-179                                0           $0       19     $1,988,918        25      $1,886,724       44      $3,875,642
180-269                                1      $91,997       13     $1,205,583        34      $2,623,655       48      $3,921,235
270-359                                2     $336,833       10     $1,418,642        24      $2,078,310       36      $3,833,785
360+                                   4     $472,965       29     $3,136,504        54      $4,489,341       87      $8,098,810
REO                                    1      $40,254       29     $2,679,002        59      $4,026,575       89      $6,745,831
90+REO                                10   $1,094,458      106    $11,035,351       207     $16,130,013     $323     $28,259,822
---------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance         0.86%     $178,030    2.91%     $3,727,485     2.11%      $4,758,129    2.31%      $8,663,644
Severity                          35.44%                44.20%                   42.45%                   43.01%
---------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                               0.65%      $72,583    2.35%     $1,967,655     1.36%      $1,777,358    1.69%      $3,817,596
B                                  0.12%       $7,406    2.64%       $663,232     2.61%      $1,663,373    2.46%      $2,334,011
C                                  2.13%      $43,141    4.16%       $297,293     4.92%        $689,880    4.44%      $1,030,314
C-                                 0.00%           $0    0.00%             $0     0.81%         $35,391    0.59%         $35,391
D                                  6.89%      $54,899    7.21%       $799,305     4.62%        $592,128    5.86%      $1,446,332
Unknown                            0.00%           $0    0.00%             $0     0.00%              $0    0.00%              $0
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

--------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                             AAMES MORTGAGE TRUST, SERIES 1998-C
                                                      ARM/HYBRID LOANS


                                                   CHANNEL OF ORIGINATION
--------------------------------------------------------------------------------------------------------------------------------
                                       RETAIL            CORRESPONDENT              BROKER                    TOTAL
Category                           #           $          #           $          #           $            #            $
--------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>      <C>           <C>      <C>           <C>      <C>             <C>       <C>
ORIGINAL POOL                        173   $21,129,800      637   $76,598,960     1774   $161,871,473      2584    $259,600,233
LTV/WAC                           79.91%        10.34%   80.07%        10.17%   78.52%          9.88%    79.09%          10.00%
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                        94   $10,270,828      359   $42,154,280     1100    $97,745,290      1553    $150,170,399
LTV/WAC                           79.83%        10.64%   81.33%        10.87%   79.25%         10.16%    79.87%          10.39%
A/A-                                  55    $7,027,620      228   $29,408,982      627    $63,721,847       910    $100,158,449
B                                     28    $2,519,797       85    $8,772,784      324    $25,131,469       437     $36,424,051
C                                      6      $385,238       17    $1,268,414       65     $4,013,963        88      $5,667,615
C-                                     1       $36,631        1       $52,114       20     $1,384,781        22      $1,473,526
D                                      4      $301,542       28    $2,651,986       64     $3,493,230        96      $6,446,759
Unknown                                0            $0        0            $0        0             $0         0              $0
--------------------------------------------------------------------------------------------------------------------------------
PAID OFF                          50.60%   $10,692,600   44.15%   $33,815,115   38.81%    $62,819,025    41.34%    $107,326,740
--------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                               73    $7,489,416      307   $36,657,145      933    $83,996,040      1313    $128,142,601
30-59                                  4      $317,300        7      $648,081       26     $2,753,251        37      $3,718,632
60-89                                  1       $81,839        4      $508,800       10       $843,254        15      $1,433,893
90-119                                 1       $75,191        4      $429,625       18     $1,430,224        23      $1,935,040
120-179                                2      $198,061        7      $874,248       17     $1,692,697        26      $2,765,006
180-269                                4      $491,071       10      $880,389       20     $1,454,857        34      $2,826,317
270-359                                3      $570,097        5      $409,094       18     $1,386,133        26      $2,365,324
360+                                   4      $749,624        7    $1,109,350       34     $2,488,648        45      $4,347,622
REO                                    2      $298,231        8      $637,549       24     $1,700,186        34      $2,635,966
90+REO                                16    $2,382,275       41    $4,340,255      131    $10,152,745      $188     $16,875,275
--------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance         0.80%      $169,780    1.05%      $806,966    1.35%     $2,177,749     1.22%      $3,154,495
Severity                          39.36%                 31.95%                 36.92%                   35.62%
--------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                               0.28%       $41,779    0.41%      $200,280    0.87%       $879,997     0.68%      $1,122,056
B                                  1.63%       $80,301    1.89%      $311,380    1.57%       $687,585     1.65%      $1,079,266
C                                  5.21%       $47,700    1.61%       $64,235    2.71%       $220,718     2.55%        $332,653
C-                                 0.00%            $0    0.00%            $0    2.17%        $54,052     1.79%         $54,052
D                                  0.00%            $0    3.46%      $231,071    5.21%       $335,398     4.19%        $566,469
Unknown                            0.00%            $0    0.00%            $0    0.00%             $0     0.00%              $0
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000

<PAGE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                                 COLLATERAL PERFORMANCE BY
                                              ORIGINATION CHANNEL/CREDIT GRADE
                                             AAMES MORTGAGE TRUST, SERIES 1999-1
                                                      ARM/HYBRID LOANS


                                                   CHANNEL OF ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
                                       RETAIL               CORRESPONDENT               BROKER                      TOTAL
Category                           #           $            #           $            #            $            #            $
------------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>       <C>            <C>        <C>            <C>      <C>             <C>       <C>
ORIGINAL POOL                        104    $10,782,850        61     $5,969,315       2046   $185,142,838      2211    $201,895,003
LTV/WAC                           77.65%          9.94%    75.93%         10.81%     76.40%         10.41%    76.45%          10.39%
A/A-                                  54     $6,662,000        23     $2,644,940        867    $95,227,223       944    $104,534,163
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                        76     $8,144,749        47     $4,154,324       1695   $150,718,372      1818    $163,017,445
LTV/WAC                           77.61%         10.26%    76.31%         10.92%     76.79%         10.37%    76.82%          10.38%
A/A-                                  40     $5,123,486        17     $1,560,574        750    $80,161,351       807     $86,845,410
B                                     20     $1,779,762         9     $1,140,578        473    $39,593,103       502     $42,513,443
C                                      7       $570,566         4       $237,764        167    $10,972,475       178     $11,780,805
C-                                     0             $0         1        $59,795         56     $2,961,662        57      $3,021,457
D                                      9       $670,935        16     $1,155,613        249    $17,029,781       274     $18,856,330
Unknown                                0             $0         0             $0          0             $0         0              $0
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                          23.62%     $2,546,700    29.45%     $1,757,950     17.99%    $33,298,938    18.63%     $37,603,588
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                               66     $7,359,495        43     $3,961,287       1408   $127,986,819      1517    $139,307,601
30-59                                  2       $107,737         0             $0         62     $4,984,680        64      $5,092,417
60-89                                  0             $0         0             $0         26     $1,917,409        26      $1,917,409
90-119                                 2       $136,809         0             $0         22     $1,883,893        24      $2,020,702
120-179                                4       $293,466         0             $0         45     $4,218,533        49      $4,511,999
180-269                                2       $247,242         2       $123,892         45     $3,511,673        49      $3,882,807
270-359                                0             $0         1        $42,176         46     $2,958,616        47      $3,000,792
360+                                   0             $0         0             $0         18     $1,389,238        18      $1,389,238
REO                                    0             $0         1        $26,970         23     $1,867,512        24      $1,894,482
90+REO                                 8       $677,517         4       $193,038        199    $15,829,465      $211     $16,700,020
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance         0.24%        $25,375     0.26%        $15,411      0.36%       $666,139     0.35%        $706,925
Severity                           0.00%                   27.25%                    35.22%                   35.87%
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                               0.00%             $0     0.00%             $0      0.20%       $190,374     0.18%        $190,374
B                                  0.00%             $0     0.00%             $0      0.10%        $50,071     0.10%         $50,071
C                                  4.23%        $25,375     0.00%             $0      0.83%       $121,108     0.94%        $146,483
C-                                 0.00%             $0     0.00%             $0      0.43%        $19,956     0.42%         $19,956
D                                  0.00%             $0     0.93%        $15,411      1.28%       $284,629     1.21%        $300,040
Unknown                            0.00%             $0     0.00%             $0      0.00%             $0     0.00%              $0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

AS OF: JULY 2000