<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1994-A
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                    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      $1,677,205          3        $110,787          0              $0         62       $1,787,992
LTV/WAC                     52.27%          10.65%     59.92%          11.21%      0.00%           0.00%     52.74%           10.68%
A/A-                             3         $62,194          0              $0          0              $0          3          $62,194
B                               25        $614,399          1         $59,045          0              $0         26         $673,444
C                                8        $266,450          0              $0          0              $0          8         $266,450
C-                               1         $39,565          1         $35,422          0              $0          2          $74,987
D                               12        $352,349          0              $0          0              $0         12         $352,349
Unknown                         10        $342,247          1         $16,319          0              $0         11         $358,566
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                    80.57%      $9,353,365     40.76%         $89,300      0.00%              $0     79.83%       $9,442,665
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                         56      $1,610,472          3        $110,787          0              $0          59      $1,721,259
30-59                            1         $22,308          0              $0          0              $0           1         $22,308
60-89                            0              $0          0              $0          0              $0           0              $0
90-119                           1         $32,698          0              $0          0              $0           1         $32,698
120-179                          1         $11,727          0              $0          0              $0           1         $11,727
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         $44,425          -              $0          -              $0          $2         $44,425
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance   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%          $2,778      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
------------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1994-B
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                    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%
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                     92      $2,485,819          7     $459,569           0          $0              99    $2,945,388
LTV/WAC                        55.71%          10.83%     60.07%       10.38%       0.00%       0.00%          56.39%        10.76%
A/A-                               28        $773,005          2     $113,008           0          $0              30      $886,013
B                                  19        $451,496          1     $106,720           0          $0              20      $558,216
C                                  18        $459,050          0           $0           0          $0              18      $459,050
C-                                  1         $23,489          1      $50,760           0          $0               2       $74,249
D                                  25        $756,472          2      $99,546           0          $0              27      $856,018
Unknown                             1         $22,306          1      $89,535           0          $0               2      $111,841
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                       81.65%     $14,532,040     74.15%   $1,431,200       0.00%          $0          80.92%   $15,963,240
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                            89      $2,404,170          7     $459,569           0          $0              96    $2,863,739
30-59                               1         $12,202          0           $0           0          $0               1       $12,202
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                             1         $61,892          0           $0           0          $0               1       $61,892
360+                                1          $7,555          0           $0           0          $0               1        $7,555
REO                                 0              $0          0           $0           0          $0               0            $0
90+REO                              2         $69,447          -           $0           -          $0              $2       $69,447
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance      1.12%        $200,161      0.00%           $0       0.00%          $0           1.01%      $200,161
Severity                       36.72%                      0.00%                    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
------------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

-------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1994-C
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                      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%
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                     116     $3,834,221           20       $1,346,859         0      $0       136          $5,181,080
LTV/WAC                         54.36%         11.41%       65.60%           11.47%     0.00%   0.00%    57.28%              11.42%
A/A-                                48     $1,617,801            8         $560,691         0      $0        56          $2,178,492
B                                   16       $569,661            4         $378,461         0      $0        20            $948,122
C                                   21       $634,898            1          $39,126         0      $0        22            $674,024
C-                                   3        $61,783            4         $276,264         0      $0         7            $338,047
D                                   28       $950,077            3          $92,319         0      $0        31          $1,042,396
Unknown                              0             $0            0               $0         0      $0         0                  $0
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                        82.15%    $20,600,250       81.83%       $6,410,930     0.00%      $0    82.07%         $27,011,180
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                            107     $3,577,482           17       $1,182,379         0      $0       124          $4,759,861
30-59                                6       $143,137            1          $18,641         0      $0         7            $161,778
60-89                                0             $0            0               $0         0      $0         0                  $0
90-119                               0             $0            0               $0         0      $0         0                  $0
120-179                              1        $83,101            0               $0         0      $0         1             $83,101
180-269                              1        $10,130            2         $145,840         0      $0         3            $155,970
270-359                              0             $0            0               $0         0      $0         0                  $0
360+                                 1        $20,370            0               $0         0      $0         1             $20,370
REO                                  0             $0            0               $0         0      $0         0                  $0
90+REO                               3       $113,601            2         $145,840         -      $0        $5            $259,441
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance       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
------------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

-------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1994-D
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                      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%
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                    123       $4,595,755           15        $851,757           0       $0        138      $5,447,512
LTV/WAC                        59.19%           11.32%       61.67%          11.71%       0.00%    0.00%     59.58%          11.38%
A/A-                               59       $2,552,781            4        $188,090           0       $0         63      $2,740,871
B                                  12         $492,641            3        $114,504           0       $0         15        $607,145
C                                  37       $1,138,041            6        $291,875           0       $0         43      $1,429,917
C-                                  4         $114,548            2        $257,287           0       $0          6        $371,836
D                                  11         $297,744            0              $0           0       $0         11        $297,744
Unknown                             0               $0            0              $0           0       $0          0              $0
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                       81.01%      $23,147,395       80.63%      $3,792,055       0.00%       $0     80.95%     $26,939,450
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                           119       $4,338,105           15        $851,757           0       $0        134      $5,189,862
30-59                               1          $55,901            0              $0           0       $0          1         $55,901
60-89                               1          $16,214            0              $0           0       $0          1         $16,214
90-119                              0               $0            0              $0           0       $0          0              $0
120-179                             0               $0            0              $0           0       $0          0              $0
180-269                             1         $121,621            0              $0           0       $0          1        $121,621
270-359                             0               $0            0              $0           0       $0          0              $0
360+                                1          $63,913            0              $0           0       $0          1         $63,913
REO                                 0               $0            0              $0           0       $0          0              $0
90+REO                              2         $185,534            -              $0           -       $0         $2        $185,534
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance      0.78%         $224,217        6.24%        $293,461       0.00%       $0      1.56%        $517,678
Severity                       20.41%                        37.56%                       0.00%              27.54%
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                            0.12%          $14,668       14.62%        $184,599       0.00%       $0      1.48%        $199,267
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
------------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1995-A
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                       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%
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                       99      $3,253,279        30       $1,501,602           0      $0        129       $4,754,881
LTV/WAC                          54.38%          11.92%    65.30%           12.77%       0.00%   0.00%     57.83%           12.19%
A/A-                                 39      $1,324,560        11         $596,999           0      $0         50       $1,921,558
B                                     6        $291,824         4         $110,994           0      $0         10         $402,818
C                                    28        $876,168         8         $371,572           0      $0         36       $1,247,740
C-                                   10        $220,523         4         $345,495           0      $0         14         $566,019
D                                    16        $540,204         3          $76,542           0      $0         19         $616,746
Unknown                               0              $0         0               $0           0      $0          0               $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                         81.95%     $17,672,550    89.60%      $13,918,631       0.00%      $0     85.15%      $31,591,181
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                              95      $3,002,111        24       $1,208,001           0      $0        119       $4,210,112
30-59                                 1         $78,655         0               $0           0      $0          1          $78,655
60-89                                 0              $0         0               $0           0      $0          0               $0
90-119                                0              $0         0               $0           0      $0          0               $0
120-179                               1         $17,426         2          $84,920           0      $0          3         $102,346
180-269                               0              $0         0               $0           0      $0          0               $0
270-359                               0              $0         1         $135,584           0      $0          1         $135,584
360+                                  1         $68,010         3          $73,097           0      $0          4         $141,107
REO                                   1         $87,077         0               $0           0      $0          1          $87,077
90+REO                                3        $172,513         6         $293,601           -      $0         $9         $466,114
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance        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
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>
<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1995-B
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                     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%
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                     77     $2,852,370           44       $2,549,478          0       $0         121      $5,401,849
LTV/WAC                        58.79%         11.96%       64.75%           13.33%      0.00%    0.00%      61.60%          12.61%
A/A-                               32     $1,241,087            7         $601,191          0       $0          39      $1,842,278
B                                  18       $894,865           14         $595,950          0       $0          32      $1,490,816
C                                  21       $556,208           10         $504,134          0       $0          31      $1,060,342
C-                                  3        $71,235            9         $615,428          0       $0          12        $686,663
D                                   3        $88,975            4         $232,775          0       $0           7        $321,750
Unknown                             0             $0            0               $0          0       $0           0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                       79.55%    $13,038,200       88.56%      $20,927,593      0.00%       $0      84.87%     $33,965,793
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                            75     $2,747,769           38       $2,050,180          0       $0         113      $4,797,949
30-59                               1        $77,193            0               $0          0       $0           1         $77,193
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          $95,147          0       $0           2         $95,147
180-269                             0             $0            0               $0          0       $0           0              $0
270-359                             0             $0            0               $0          0       $0           0              $0
360+                                0             $0            3         $179,851          0       $0           3        $179,851
REO                                 1        $27,409            1         $224,300          0       $0           2        $251,709
90+REO                              1        $27,409            6         $499,298          -       $0          $7        $526,707
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance      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
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1995-C
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                    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%
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                  129     $4,360,783           45       $3,221,865           0      $0          174       $7,582,647
LTV/WAC                      56.76%         11.38%       67.63%           12.58%       0.00%   0.00%       61.38%           11.89%
A/A-                             56     $2,045,519           16       $1,300,510           0      $0           72       $3,346,029
B                                37     $1,307,680           10         $651,840           0      $0           47       $1,959,520
C                                27       $746,899            6         $194,973           0      $0           33         $941,872
C-                                5       $166,466            7         $420,008           0      $0           12         $586,474
D                                 4        $94,219            6         $654,534           0      $0           10         $748,753
Unknown                           0             $0            0               $0           0      $0            0               $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                     82.02%    $23,441,700       83.64%      $17,319,649       0.00%      $0       82.70%      $40,761,349
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                         122     $4,023,922           35       $2,401,207           0      $0          157       $6,425,129
30-59                             5       $246,259            1          $34,577           0      $0            6         $280,836
60-89                             1        $42,540            0               $0           0      $0            1          $42,540
90-119                            0             $0            1          $43,568           0      $0            1          $43,568
120-179                           0             $0            0               $0           0      $0            0               $0
180-269                           0             $0            0               $0           0      $0            0               $0
270-359                           0             $0            2          $81,640           0      $0            2          $81,640
360+                              1        $48,061            3         $412,964           0      $0            4         $461,025
REO                               0             $0            3         $247,909           0      $0            3         $247,909
90+REO                            1        $48,061            9         $786,081           -      $0          $10         $834,142
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance    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
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1995-D
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                        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%
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                     291     $12,218,832       102       $6,206,250           0      $0           393    $18,425,082
LTV/WAC                         61.84%          10.29%    66.69%           12.24%       0.00%   0.00%        63.47%         10.95%
A/A-                               124      $5,842,473        35       $2,414,404           0      $0           159     $8,256,877
B                                   63      $3,019,433        19       $1,207,861           0      $0            82     $4,227,294
C                                   78      $2,411,726        19       $1,034,253           0      $0            97     $3,445,980
C-                                  21        $830,506        15         $743,501           0      $0            36     $1,574,007
D                                    5        $114,693        14         $806,231           0      $0            19       $920,924
Unknown                              0              $0         0               $0           0      $0             0             $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                        76.17%     $44,489,200    79.45%      $25,168,105       0.00%      $0        77.32%    $69,657,305
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                            277     $11,429,056        83       $5,305,435           0      $0           360    $16,734,491
30-59                                5        $357,005         4         $293,052           0      $0             9       $650,057
60-89                                1         $46,252         2          $64,252           0      $0             3       $110,504
90-119                               3        $119,790         2          $54,087           0      $0             5       $173,877
120-179                              2         $93,427         2         $119,882           0      $0             4       $213,309
180-269                              2        $143,948         0               $0           0      $0             2       $143,948
270-359                              0              $0         0               $0           0      $0             0             $0
360+                                 0              $0         8         $305,971           0      $0             8       $305,971
REO                                  1         $29,355         1          $63,572           0      $0             2        $92,927
90+REO                               8        $386,520        13         $543,512           -      $0           $21       $930,032
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance       0.44%        $257,949     8.04%       $2,546,390       0.00%      $0         3.11%     $2,804,339
Severity                        21.64%                    49.80%                        0.00%                44.48%
-----------------------------------------------------------------------------------------------------------------------------------
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
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1996-A
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                    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%
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                   252   $11,917,845          167      $11,667,978           0        $0          419    $23,585,823
LTV/WAC                       65.83%        10.49%       66.25%           11.97%       0.00%     0.00%       66.03%         11.22%
A/A-                             101    $5,425,435           51       $4,236,720           0        $0          152     $9,662,155
B                                 63    $3,188,751           19       $1,696,446           0        $0           82     $4,885,197
C                                 64    $2,663,724           20         $917,196           0        $0           84     $3,580,920
C-                                15      $392,415           23       $1,349,314           0        $0           38     $1,741,728
D                                  9      $247,519           54       $3,468,303           0        $0           63     $3,715,822
Unknown                            0            $0            0               $0           0        $0            0             $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      68.28%   $29,145,700       78.76%      $45,250,016       0.00%        $0       74.29%    $74,395,716
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                          239   $11,278,919          132       $9,493,745           0        $0          371    $20,772,664
30-59                              6      $313,375            2         $141,314           0        $0            8       $454,689
60-89                              1       $70,257            3         $172,946           0        $0            4       $243,203
90-119                             0            $0            2         $177,953           0        $0            2       $177,953
120-179                            0            $0            2         $168,459           0        $0            2       $168,459
180-269                            2       $68,041            4         $216,859           0        $0            6       $284,900
270-359                            1       $13,663            2          $91,099           0        $0            3       $104,762
360+                               1       $10,622           14         $969,348           0        $0           15       $979,970
REO                                2      $162,968            6         $236,255           0        $0            8       $399,223
90+REO                             6      $255,294           30       $1,859,973           -        $0          $36     $2,115,267
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance     1.20%      $512,449        6.68%       $3,838,858       0.00%        $0        4.35%     $4,351,307
Severity                      38.39%                     48.94%                        0.00%                 47.41%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                           0.92%      $157,551        4.22%         $586,714       0.00%        $0        2.40%       $744,265
B                              0.52%       $61,418        4.06%         $288,093       0.00%        $0        1.84%       $349,511
C                              1.80%      $147,172        4.39%         $283,490       0.00%        $0        2.94%       $430,662
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
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1996-B
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                        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%
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                      347     $16,386,804          206      $14,512,492        0       $0         553    $30,899,296
LTV/WAC                          63.91%          10.59%       66.97%           12.16%    0.00%    0.00%      65.35%         11.33%
A/A-                                149      $8,624,420           63       $5,410,656        0       $0         212    $14,035,076
B                                    69      $3,868,504           28       $1,947,531        0       $0          97     $5,816,034
C                                    57      $1,813,292           32       $2,314,451        0       $0          89     $4,127,743
C-                                   35      $1,339,980           16         $892,966        0       $0          51     $2,232,946
D                                    19        $451,618           67       $3,946,887        0       $0          86     $4,398,505
Unknown                              18        $288,992            0               $0        0       $0          18       $288,992
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                         70.60%     $44,094,315       73.88%      $42,418,165    0.00%       $0      72.17%    $86,512,480
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                             311     $14,801,323          142      $10,282,157        0       $0         453    $25,083,480
30-59                                13        $499,549            3         $119,097        0       $0          16       $618,646
60-89                                 0              $0            7         $481,533        0       $0           7       $481,533
90-119                                2         $38,905            4         $113,498        0       $0           6       $152,403
120-179                               4        $110,567            3         $183,946        0       $0           7       $294,513
180-269                               6        $308,820            4         $293,150        0       $0          10       $601,970
270-359                               3        $250,825            4         $290,548        0       $0           7       $541,373
360+                                  6        $224,054           28       $2,125,091        0       $0          34     $2,349,145
REO                                   2        $152,761           11         $623,471        0       $0          13       $776,232
90+REO                               23      $1,085,932           54       $3,629,704        -       $0         $77     $4,715,636
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance        0.84%        $522,697        8.44%       $4,845,122    0.00%       $0       4.48%     $5,367,819
Severity                         39.60%                       51.34%                     0.00%               49.90%
-----------------------------------------------------------------------------------------------------------------------------------
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       12.75%       $2,710,483    0.00%       $0      11.27%     $2,742,104
Unknown                           4.81%        $120,445        0.00%               $0    0.00%       $0       4.81%       $120,445
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>
<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1996-C
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                  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%
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                445    $19,362,124          213      $14,311,590       249      $15,541,280      907     $49,214,995
LTV/WAC                    62.80%         10.40%       67.22%           12.46%    66.60%           10.49%   65.28%          11.03%
A/A-                          208    $10,289,439           60       $4,664,166       153      $10,487,954      421     $25,441,559
B                             112     $5,297,808           25       $1,747,480        56       $3,342,877      193     $10,388,165
C                              76     $2,384,912           30       $1,882,557        40       $1,710,450      146      $5,977,919
C-                             27       $813,293           21       $1,373,452         0               $0       48      $2,186,745
D                              22       $576,672           77       $4,643,935         0               $0       99      $5,220,607
Unknown                         0             $0            0               $0         0               $0        0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                   71.37%    $53,458,000       72.54%      $38,632,209    65.65%      $31,061,668   70.19%    $123,151,877
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                       407    $17,951,511          158      $11,030,094       220      $13,837,702      785     $42,819,307
30-59                           7       $364,048            5         $238,873         5         $405,130       17      $1,008,051
60-89                           1        $11,412            0               $0         2         $133,334        3        $144,746
90-119                          2        $52,261            6         $344,140         1          $41,101        9        $437,502
120-179                         5       $272,579            1          $82,121         3         $193,057        9        $547,757
180-269                         3        $85,085            6         $289,539         2          $82,790       11        $457,414
270-359                         4       $236,018            1          $45,763         4         $166,842        9        $448,623
360+                           14       $315,298           22       $1,427,993         8         $514,091       44      $2,257,382
REO                             2        $73,911           14         $853,066         4         $167,234       20      $1,094,211
90+REO                         30     $1,035,152           50       $3,042,622        22       $1,165,115     $102      $5,242,889
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance  0.61%       $458,974        6.81%       $3,626,138     3.17%       $1,500,716    3.18%      $5,585,828
Severity                   40.22%                      53.34%                     42.04%                    48.53%
-----------------------------------------------------------------------------------------------------------------------------------
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        7.89%         $516,776     0.00%               $0    5.19%        $621,828
D                           3.28%       $119,095       12.14%       $2,360,983    25.53%          $28,117   10.82%      $2,508,195
Unknown                     0.00%             $0        0.00%               $0     0.00%               $0    0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1996-D
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                      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%
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                    675     $32,094,182       330      $20,332,763        376   $25,543,495     1381     $77,970,440
LTV/WAC                        70.00%          10.34%    68.58%           12.07%     67.21%        10.20%   68.72%          10.74%
A/A-                              401     $22,187,957       106       $7,379,694        220   $17,313,541      727     $46,881,192
B                                 133      $5,628,289        63       $3,992,329         86    $5,286,918      282     $14,907,536
C                                  78      $2,420,189        62       $3,547,992         49    $2,034,492      189      $8,002,673
C-                                 27        $910,882        28       $1,518,410          4      $143,883       59      $2,573,175
D                                  36        $946,865        71       $3,894,338         17      $764,661      124      $5,605,864
Unknown                             0              $0         0               $0          0            $0        0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                       65.25%     $66,426,100    71.79%      $52,779,671     60.29%   $40,470,080   65.86%    $159,675,851
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                           616     $28,975,234       219      $13,701,629        325   $22,818,174     1160     $65,495,037
30-59                              22      $1,066,398        12         $565,606          6      $303,924       40      $1,935,928
60-89                               5        $286,657         6         $265,877          3      $351,696       14        $904,230
90-119                              4        $289,832         2         $321,076          2       $59,254        8        $670,162
120-179                             8        $401,628         9         $544,609          5      $206,924       22      $1,153,161
180-269                             2         $92,965         7         $349,439          3      $207,780       12        $650,184
270-359                             4        $263,056         4         $241,755          3      $199,880       11        $704,691
360+                               11        $652,227        44       $2,658,032         19      $808,157       74      $4,118,416
REO                                 3         $66,184        27       $1,684,739         10      $587,706       40      $2,338,629
90+REO                             32      $1,765,892        93       $5,799,650         42    $2,069,701     $167      $9,635,243
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance      0.67%        $679,722     9.34%       $6,864,784      3.12%    $2,097,641    3.98%      $9,642,147
Severity                       41.25%                    62.42%                      51.22%                 57.60%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                            0.28%        $181,336     7.29%       $1,864,624      0.98%      $393,041    1.88%      $2,439,001
B                               1.06%        $205,676     7.52%       $1,048,979      4.52%      $714,381    4.01%      $1,969,036
C                               1.06%        $102,413    11.05%       $1,441,583      9.11%      $633,635    7.34%      $2,177,631
C-                              2.26%         $84,377    11.02%         $586,250      7.95%       $83,065    7.46%        $753,692
D                               2.12%        $105,920    12.30%       $1,923,347      8.51%      $273,518    9.66%      $2,302,785
Unknown                         0.00%              $0     0.00%               $0      0.00%            $0    0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1997-A
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                    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%
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                  876     $44,639,080      258      $16,191,373      373     $26,542,072        1507     $87,372,525
LTV/WAC                      70.14%          10.02%   70.00%           11.56%   66.45%           9.93%      68.99%          10.28%
A/A-                            505     $30,466,386       76       $6,303,819      235     $18,350,582         816     $55,120,788
B                               217      $9,285,761       66       $4,477,539       78      $5,128,291         361     $18,891,591
C                                88      $2,714,282       54       $2,535,802       35      $1,642,010         177      $6,892,094
C-                               22        $585,844       11         $377,187        5        $333,013          38      $1,296,044
D                                44      $1,586,808       51       $2,497,025       20      $1,088,176         115      $5,172,008
Unknown                           0              $0        0               $0        0              $0           0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                     56.87%     $64,069,600   63.89%      $30,242,150   51.52%     $29,269,965      57.00%    $123,581,715
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                         809     $41,176,448      200      $12,132,989      330     $23,618,514        1339     $76,927,951
30-59                            11        $467,467        4         $346,433       11        $583,694          26      $1,397,594
60-89                             5        $444,418        3         $374,019        0              $0           8        $818,437
90-119                            3        $212,337        3          $81,440        4        $210,638          10        $504,415
120-179                          12        $533,847        3          $99,582        4        $294,944          19        $928,373
180-269                           5        $279,271        8         $412,268        6        $329,982          19      $1,021,521
270-359                           3        $107,723       10         $504,532        1         $74,002          14        $686,257
360+                             18        $939,605       20       $1,508,862        8        $781,656          46      $3,230,123
REO                              10        $477,965        7         $731,247        9        $648,642          26      $1,857,854
90+REO                           51      $2,550,748       51       $3,337,931       32      $2,339,864        $134      $8,228,543
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance    1.11%      $1,251,592    5.95%       $2,818,087    2.69%      $1,529,333       2.58%      $5,599,012
Severity                     43.88%                   65.93%                    35.27%                      48.85%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                          0.54%        $376,499    3.56%         $644,681    1.69%        $614,557       1.32%      $1,635,737
B                             1.24%        $318,657    4.81%         $555,969    2.97%        $363,512       2.50%      $1,238,138
C                             2.30%        $212,607    6.66%         $500,238    6.38%        $270,969       4.69%        $983,814
C-                            2.98%         $64,570   17.75%         $427,136    5.41%         $59,473       9.72%        $551,179
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
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1997-B
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                      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%
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                     760    $37,229,251        324      $19,939,805      279   $20,251,715      1363     $77,420,771
LTV/WAC                         69.88%         10.17%     69.20%           10.68%   70.12%         9.82%    69.77%          10.21%
A/A-                               438    $24,625,725        155      $10,337,335      187   $14,923,832       780     $49,886,891
B                                  192     $8,470,617         95       $5,988,830       58    $3,834,645       345     $18,294,092
C                                   86     $2,867,195         53       $2,584,463       17      $936,511       156      $6,388,169
C-                                  20       $544,193          8         $339,840        5      $153,463        33      $1,037,496
D                                   23       $674,556         13         $689,338       12      $403,264        48      $1,767,157
Unknown                              1        $46,966          0               $0        0            $0         1         $46,966
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                        58.58%    $57,032,700     59.35%      $30,234,362   49.94%   $20,961,960    56.88%    $108,229,022
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                            708    $34,551,211        286      $17,569,775      245   $18,215,706      1239     $70,336,692
30-59                               11       $503,065          3         $223,468        3      $400,577        17      $1,127,110
60-89                                4       $160,524          6         $183,865        2       $47,187        12        $391,576
90-119                               4       $223,549          1          $55,698        1       $30,801         6        $310,048
120-179                              7       $342,836          4         $193,789        4      $347,734        15        $884,359
180-269                              4       $343,041          6         $277,614        6      $200,828        16        $821,483
270-359                              5       $236,082          0               $0        2      $167,541         7        $403,623
360+                                11       $580,285         13         $972,172       10      $518,421        34      $2,070,878
REO                                  6       $288,659          5         $463,424        6      $322,920        17      $1,075,003
90+REO                              37     $2,014,452         29       $1,962,697       29    $1,588,245       $95      $5,565,394
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance       1.15%     $1,114,923      2.97%       $1,515,294    3.59%    $1,506,876     2.17%      $4,137,093
Severity                        43.35%                    63.76%                    46.02%                  50.31%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                             0.74%       $449,897      1.09%         $272,120    2.34%      $624,427     1.19%      $1,346,444
B                                1.12%       $244,337      3.50%         $490,701    4.75%      $447,497     2.62%      $1,182,535
C                                2.28%       $193,162      5.97%         $409,641    7.58%      $232,114     4.54%        $834,917
C-                               3.75%        $93,504      3.41%          $50,959    4.85%       $42,111     3.84%        $186,574
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
-----------------------------------------------------------------------------------------------------------------------------------
As of: August 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1997-C
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                     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%
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                  806     $39,232,819          243   $18,348,908         323   $20,278,646       1372    $77,860,372
LTV/WAC                      71.82%          10.53%       77.33%        10.79%      71.98%        10.15%     73.16%         10.49%
A/A-                            459     $26,299,069          149   $12,317,753         204   $14,332,113        812    $52,948,936
B                               194      $8,375,967           55    $4,262,598          72    $4,151,751        321    $16,790,315
C                                93      $2,708,622           18      $965,849          24      $948,594        135     $4,623,065
C-                               28        $898,727            7      $329,383           6      $206,810         41     $1,434,920
D                                32        $950,433           14      $473,324          17      $639,378         63     $2,063,136
Unknown                           0              $0            0            $0           0            $0          0             $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                     54.78%     $51,025,600       57.06%   $25,275,197      48.10%   $19,441,109     53.83%    $95,741,906
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                         714     $34,511,991          199   $15,128,442         272   $16,964,361       1185    $66,604,794
30-59                            21      $1,090,927            5      $599,367           3      $447,525         29     $2,137,819
60-89                             5        $291,405            1       $31,851           3      $176,054          9       $499,310
90-119                            8        $386,428            5      $331,419           2      $167,679         15       $885,526
120-179                          11        $707,731            3      $155,647           7      $381,375         21     $1,244,753
180-269                           9        $395,143            6      $430,504           5      $472,787         20     $1,298,434
270-359                           8        $562,704            6      $477,148           3      $141,987         17     $1,181,839
360+                             14        $618,598           11      $752,457          14    $1,020,938         39     $2,391,993
REO                              16        $667,892            7      $442,073          14      $505,940         37     $1,615,905
90+REO                           66      $3,338,496           38    $2,589,248          45    $2,690,706       $149     $8,618,450
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance    1.18%      $1,094,707        3.51%    $1,554,787       2.67%    $1,081,105      2.10%     $3,730,599
Severity                     47.10%                       54.75%                    45.75%                   49.56%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                          0.64%        $374,212        2.69%      $761,781       1.75%      $466,412      1.42%     $1,602,405
B                             1.87%        $374,446        4.69%      $436,921       2.34%      $187,129      2.68%       $998,496
C                             2.38%        $205,016        5.64%      $214,223       6.09%      $178,520      3.90%       $597,759
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      10.11%      $211,677      5.56%       $439,369
Unknown                       0.00%              $0        0.00%            $0       0.00%            $0      0.00%             $0
-----------------------------------------------------------------------------------------------------------------------------------
As of: August 2000

</TABLE>
<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1997-D
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                      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%
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                  1220    $61,058,437     273      $21,801,600         433      $27,030,062     1926    $109,890,099
LTV/WAC                       69.43%         10.40%  78.29%           10.49%      71.69%           10.18%   71.74%          10.37%
A/A-                             688    $42,474,963     170      $15,367,877         255      $18,528,558     1113     $76,371,398
B                                271    $11,028,638      66       $4,311,017         111       $6,097,729      448     $21,437,385
C                                128     $3,748,566      17         $910,080          35       $1,165,379      180      $5,824,024
C-                                68     $1,946,086       5         $288,503          12         $513,657       85      $2,748,246
D                                 65     $1,860,184      15         $924,124          20         $724,739      100      $3,509,047
Unknown                            0             $0       0               $0           0               $0        0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      49.78%    $64,659,700  48.09%      $20,540,318      40.96%      $19,232,178   47.56%    $104,432,196
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                         1092    $54,919,968     230      $18,579,247         370      $23,436,343     1692     $96,935,558
30-59                             22     $1,199,171       6         $198,072           1          $30,391       29      $1,427,634
60-89                             11       $529,057       0               $0           2         $191,823       13        $720,880
90-119                            10       $447,540       1          $51,416           3         $144,772       14        $643,728
120-179                           13       $515,480       5         $383,238           6         $289,264       24      $1,187,982
180-269                           18       $978,775       6         $367,354           9         $735,002       33      $2,081,131
270-359                           12       $426,460       1          $29,131           3         $176,359       16        $631,950
360+                              25     $1,213,543      14       $1,610,284          19       $1,027,677       58      $3,851,504
REO                               17       $828,444      10         $582,857          20         $998,431       47      $2,409,732
90+REO                            95     $4,410,242      37       $3,024,280          60       $3,371,505     $192     $10,806,027
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance     1.35%     $1,752,778   6.44%       $2,748,681       2.73%       $1,282,949    2.63%      $5,784,408
Severity                      47.26%                 60.79%                       56.81%                    55.15%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                           0.59%       $493,529   4.58%       $1,317,722       1.07%         $300,155    1.51%      $2,111,406
B                              1.53%       $401,896   6.30%         $530,344       3.22%         $396,419    2.83%      $1,328,659
C                              4.10%       $396,270  16.47%         $384,645       8.42%         $226,909    6.85%      $1,007,824
C-                             2.01%       $107,420   1.08%           $6,881       2.33%          $23,478    1.97%        $137,779
D                              6.35%       $353,663  20.08%         $509,089      11.67%         $335,987   10.92%      $1,198,739
Unknown                        0.00%             $0   0.00%               $0       0.00%               $0    0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
As of: August 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1998-A
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                    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%
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                  891    $40,656,575      285      $24,598,133         302   $20,831,098        1478     $86,085,806
LTV/WAC                      70.25%         10.43%   79.99%           10.17%      74.07%         9.96%      73.96%          10.24%
A/A-                            496    $29,056,286      178      $17,845,746         185   $15,034,701         859     $61,936,733
B                               180     $6,487,709       59       $4,376,051          77    $4,346,071         316     $15,209,831
C                                71     $1,984,523       27       $1,417,163          21      $805,564         119      $4,207,250
C-                               91     $1,743,144        3          $67,922           4      $120,688          98      $1,931,754
D                                53     $1,384,913       18         $891,251          15      $524,075          86      $2,800,238
Unknown                           0             $0        0               $0           0            $0           0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                     44.42%    $35,060,639   38.05%      $15,513,216      31.87%   $10,005,830      40.09%     $60,579,685
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                         816    $37,092,660      242      $21,081,190         258   $18,390,762        1316     $76,564,612
30-59                            14       $675,855        5         $548,764           5      $318,441          24      $1,543,060
60-89                             4       $228,320        2         $129,306           2      $103,855           8        $461,481
90-119                            5       $147,571        2         $142,072           1       $47,393           8        $337,036
120-179                           2       $102,943        5         $531,295           6      $272,207          13        $906,445
180-269                          11       $506,326        7         $377,223           4      $206,347          22      $1,089,896
270-359                           7       $357,026        8         $830,213           2       $73,204          17      $1,260,443
360+                             16       $984,912        8         $463,186          14      $843,717          38      $2,291,815
REO                              16       $560,963        6         $494,886          10      $575,170          32      $1,631,019
90+REO                           57     $2,659,741       36       $2,838,875          37    $2,018,038        $130      $7,516,654
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance    1.31%     $1,035,313    4.99%       $2,035,351       3.17%      $994,024       2.69%      $4,064,688
Severity                     58.98%                  52.87%                       51.48%                    53.94%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                          0.73%       $374,760    3.80%       $1,037,796       1.38%      $279,684       1.71%      $1,692,240
B                             2.90%       $379,569    5.82%         $432,589       4.13%      $319,603       4.00%      $1,131,761
C                             2.95%       $161,270    8.36%         $297,032       6.72%      $117,746       5.34%        $576,048
C-                            0.21%        $11,219    7.19%          $28,939      13.66%       $55,719       1.59%         $95,877
D                             3.06%       $108,495   11.37%         $238,995      18.57%      $221,272       8.31%        $568,762
Unknown                       0.00%             $0    0.00%               $0       0.00%            $0       0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
As of: August 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1998-B
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                    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%
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                 1271     $64,341,632          384   $36,619,446        744      $54,899,081     2399   $155,860,159
LTV/WAC                      71.20%          10.36%       81.60%         9.84%     75.39%            9.88%   75.12%         10.07%
A/A-                            677     $42,371,586          273   $28,322,795        428      $35,480,194     1378   $106,174,575
B                               339     $14,377,713           71    $5,989,680        236      $15,972,121      646    $36,339,514
C                               118      $3,920,159           21    $1,302,917         44       $1,695,999      183     $6,919,076
C-                               77      $2,006,415            1       $50,559          8         $361,063       86     $2,418,038
D                                60      $1,665,758           18      $953,494         28       $1,389,704      106     $4,008,957
Unknown                           0              $0            0            $0          0               $0        0             $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                     40.06%     $45,551,500       31.68%   $17,385,120     30.93%      $25,235,666   35.24%    $88,172,286
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                        1152     $58,472,075          343   $33,042,350        640      $47,512,549     2135   $139,026,974
30-59                            26      $1,028,517            7      $755,104         11         $822,571       44     $2,606,192
60-89                             7        $357,840            1       $23,738         11         $676,362       19     $1,057,940
90-119                            8        $360,840            3      $161,696          8         $379,359       19       $901,895
120-179                           5        $346,539            6      $398,216         11         $766,850       22     $1,511,605
180-269                          18        $953,012            7      $662,137         13       $1,025,853       38     $2,641,002
270-359                          13        $609,556            2       $91,690          9         $865,547       24     $1,566,793
360+                             25      $1,471,601            5      $408,480         20       $1,519,188       50     $3,399,269
REO                              17        $741,653           10    $1,076,034         21       $1,330,800       48     $3,148,487
90+REO                           86      $4,483,201           33    $2,798,253         82       $5,887,597     $201    $13,169,051
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance    1.16%      $1,317,737        2.43%    $1,335,100      2.44%       $1,993,577    1.86%     $4,646,414
Severity                     49.99%                       53.33%                   45.31%                    48.71%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                          0.46%        $320,131        1.42%      $570,279      1.39%         $673,800    0.99%     $1,564,210
B                             2.12%        $547,706        2.60%      $230,990      2.46%         $623,467    2.34%     $1,402,163
C                             2.18%        $199,007        8.40%      $205,912      8.58%         $383,148    4.91%       $788,067
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     11.47%         $313,163    7.53%       $788,297
Unknown                       0.00%              $0        0.00%            $0      0.00%               $0    0.00%             $0
-----------------------------------------------------------------------------------------------------------------------------------
As of: August 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1998-C
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                     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%
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                  2276    $128,211,758       430   $41,334,574        1386     $105,214,727      4092   $274,761,059
LTV/WAC                       72.65%           9.83%    81.07%        10.00%      74.07%            9.79%    74.46%          9.84%
A/A-                            1456     $93,923,118       285   $31,091,226         793      $70,652,073      2534   $195,666,417
B                                495     $23,204,073        78    $6,142,699         389      $25,351,945       962    $54,698,717
C                                164      $5,650,650        26    $1,309,430         100       $4,558,551       290    $11,518,631
C-                                70      $2,580,802         4      $305,921          20         $711,252        94     $3,597,975
D                                 91      $2,853,115        37    $2,485,299          84       $3,940,906       212     $9,279,319
Unknown                            0              $0         0            $0           0               $0         0             $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      31.58%     $61,777,100    22.31%   $12,088,145      22.89%      $31,895,340    27.18%   $105,760,585
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                         2083    $117,624,875       367   $36,168,706        1187      $93,224,625      3637   $247,018,206
30-59                             65      $3,119,468        10      $865,791          32       $1,924,130       107     $5,909,389
60-89                             12        $620,086         2      $189,446          11         $954,592        25     $1,764,124
90-119                            18        $964,669         4      $226,820          10         $630,682        32     $1,822,171
120-179                           18      $1,298,524         6      $703,492          24       $1,201,901        48     $3,203,917
180-269                           18      $1,162,633         8      $562,048          29       $1,381,372        55     $3,106,053
270-359                           13        $611,312         2      $325,955          25       $1,785,339        40     $2,722,606
360+                              33      $1,924,467        21    $1,559,799          40       $2,799,979        94     $6,284,245
REO                               16        $885,723        10      $732,517          28       $1,312,106        54     $2,930,346
90+REO                           116      $6,847,328        51    $4,110,631         156       $9,111,379      $323    $20,069,338
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance     0.77%      $1,505,243     1.39%      $753,818       1.84%       $2,563,493     1.24%     $4,822,554
Severity                      42.33%                    61.78%                    50.81%                     49.11%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                           0.54%        $753,827     0.85%      $324,674       1.07%         $954,388     0.76%     $2,032,889
B                              0.95%        $351,298     3.03%      $273,324       2.77%         $942,798     1.96%     $1,567,420
C                              1.47%        $149,035     3.09%       $82,849       5.27%         $415,433     3.13%       $647,317
C-                             1.91%         $83,059     3.60%       $18,890       2.05%          $27,269     2.08%       $129,218
D                              2.97%        $168,024     1.42%       $54,081       3.22%         $223,605     2.71%       $445,710
Unknown                        0.00%              $0     0.00%            $0       0.00%               $0     0.00%             $0
-----------------------------------------------------------------------------------------------------------------------------------
As of: August 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1999-1
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                      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%
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                   1227      $70,412,001       16   $1,272,213     1241      $94,899,473     2484       $166,583,687
LTV/WAC                        72.39%            9.63%   81.96%       10.58%   75.08%            9.87%   74.00%              9.78%
A/A-                              720      $49,273,322        5     $654,812      688      $61,701,499     1413       $111,629,634
B                                 238      $11,094,326        7     $503,732      324      $22,511,281      569        $34,109,339
C                                 116       $4,420,220        2      $46,086       92       $4,441,069      210         $8,907,375
C-                                 46       $1,650,440        0           $0       22       $1,474,152       68         $3,124,592
D                                 102       $3,467,349        2      $67,583      115       $4,771,472      219         $8,306,404
Unknown                             0               $0        0           $0        0               $0        0                 $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                       15.32%      $13,082,412   14.51%     $206,100   11.79%      $12,870,823   13.35%        $26,159,335
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                          1124      $65,468,596       15   $1,093,126     1093      $86,365,468     2232       $152,927,190
30-59                              27       $1,432,998        0           $0       25       $1,520,639       52         $2,953,637
60-89                              10         $330,994        0           $0       16       $1,066,949       26         $1,397,943
90-119                             12         $665,901        0           $0       15         $803,656       27         $1,469,557
120-179                            15         $614,896        0           $0       16         $753,645       31         $1,368,541
180-269                            13         $704,149        0           $0       19       $1,261,926       32         $1,966,075
270-359                            13         $629,537        0           $0       21       $1,299,496       34         $1,929,033
360+                                8         $308,752        1     $179,087       15         $905,927       24         $1,393,766
REO                                 5         $256,180        0           $0       21         $921,766       26         $1,177,946
90+REO                             66       $3,179,415        1     $179,087      107       $5,946,416     $174         $9,304,918
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance      0.34%         $291,778    0.00%           $0    0.74%         $809,381    0.56%         $1,101,159
Severity                       51.40%                     0.00%                48.08%                    48.92%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                            0.18%         $104,952    0.00%           $0    0.26%         $176,041    0.22%           $280,993
B                               0.64%          $91,420    0.00%           $0    0.46%         $121,435    0.52%           $212,855
C                               0.02%           $1,471    0.00%           $0    3.17%         $192,378    1.57%           $193,849
C-                              1.04%          $23,916    0.00%           $0    4.10%          $77,352    2.40%           $101,268
D                               1.24%          $70,020    0.00%           $0    3.59%         $242,174    2.51%           $312,194
Unknown                         0.00%               $0    0.00%           $0    0.00%               $0    0.00%                 $0
-----------------------------------------------------------------------------------------------------------------------------------
As of: August 2000

</TABLE>
<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1999-2
                                FIXED RATE LOANS
<TABLE>
<CAPTION>
                                   RETAIL              CORRESPONDENT                  BROKER                      TOTAL
Category                       #           $           #           $              #            $              #           $
-----------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>       <C>            <C>       <C>             <C>        <C>              <C>        <C>
ORIGINAL POOL                 1811    $116,997,108       60    $5,234,114        1516     $109,332,528       3387     $231,563,750
LTV/WAC                     72.96%           9.93%   80.02%        10.29%      76.36%           10.45%     74.72%           10.18%
A/A-                           984     $70,497,890       37    $3,168,293         789      $68,103,491       1810     $141,769,674
B                              490     $30,793,507       17    $1,633,601         449      $27,825,744        956      $60,252,852
C                              176      $8,638,866        3      $152,740         177       $8,904,623        356      $17,696,229
C-                              48      $2,424,267        0            $0          21       $1,078,400         69       $3,502,667
D                              106      $4,294,400        3      $279,480          79       $3,371,520        188       $7,945,400
Unknown                          2        $166,000        0            $0           0               $0          2         $166,000
-----------------------------------------------------------------------------------------------------------------------------------
REMAINING POOL                1615    $104,551,247       54    $4,758,135        1395     $101,356,446       3064     $210,665,827
LTV/WAC                     73.65%           9.88%   80.95%        10.27%      76.85%           10.40%     75.35%           10.14%
A/A-                           880     $61,785,686       33    $2,850,816         748      $64,610,776       1661     $129,247,277
B                              440     $28,017,155       16    $1,545,935         411      $25,396,960        867      $54,960,051
C                              143      $6,765,506        3      $150,730         156       $7,760,855        302      $14,677,091
C-                              43      $2,220,065        0            $0          17         $902,933         60       $3,122,999
D                               81      $3,212,272        2      $210,654          62       $2,636,336        145       $6,059,262
Unknown                          0              $0        0            $0           0               $0          0               $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                     9.45%     $11,055,830    8.22%      $430,087       6.63%       $7,252,453      8.09%      $18,738,370
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                       1509     $98,050,040       54    $4,758,135        1235      $91,440,101       2798     $194,248,276
30-59                           35      $2,461,760        0            $0          44       $2,677,773         79       $5,139,533
60-89                            5        $168,339        0            $0          19         $961,551         24       $1,129,890
90-119                           7        $531,942        0            $0          20       $1,629,992         27       $2,161,934
120-179                         22      $1,179,198        0            $0          23       $1,107,293         45       $2,286,491
180-269                         23      $1,343,614        0            $0          26       $1,931,557         49       $3,275,171
270-359                         11        $699,713        0            $0          20       $1,169,572         31       $1,869,285
360+                             0              $0        0            $0           0               $0          0               $0
REO                              3        $116,640        0            $0           8         $438,608         11         $555,248
90+REO                          66      $3,871,107        -            $0          97       $6,277,022       $163      $10,148,129
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance   0.13%        $147,747    0.00%            $0       0.42%         $462,846      0.26%         $610,593
Severity                    42.18%                    0.00%                    73.30%                      62.19%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                         0.02%         $12,980    0.00%            $0       0.09%          $59,210      0.05%          $72,190
B                            0.17%         $51,274    0.00%            $0       0.34%          $94,753      0.24%         $146,027
C                            0.19%         $16,038    0.00%            $0       1.52%         $135,597      0.86%         $151,635
C-                           0.58%         $14,058    0.00%            $0       2.57%          $27,678      1.19%          $41,736
D                            1.24%         $53,396    0.00%            $0       4.32%         $145,608      2.50%         $199,004
Unknown                      0.00%              $0    0.00%            $0       0.00%               $0      0.00%               $0
-----------------------------------------------------------------------------------------------------------------------------------
As of: August 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1994-A
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                      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                    25        $1,547,000           0           $0           0          $0          25      $1,547,000
LTV/WAC                       58.02%            11.43%       0.00%        0.00%       0.00%       0.00%      58.02%          11.43%
A/A-                               7          $424,998           0           $0           0          $0           7        $424,998
B                                  4          $200,591           0           $0           0          $0           4        $200,591
C                                  7          $381,183           0           $0           0          $0           7        $381,183
C-                                 3          $227,136           0           $0           0          $0           3        $227,136
D                                  3          $206,445           0           $0           0          $0           3        $206,445
Unknown                            1          $106,648           0           $0           0          $0           1        $106,648
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      86.08%       $10,286,300     100.00%     $153,600       0.00%          $0      86.25%     $10,439,900
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                           25        $1,547,000           0           $0           0          $0          25      $1,547,000
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           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
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1994-B
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                     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                    42        $2,964,116          11      $912,939          0          $0          53      $3,877,055
LTV/WAC                       61.98%            11.56%      64.88%        12.13%      0.00%       0.00%      62.66%          11.69%
A/A-                              19        $1,581,912           3      $222,227          0          $0          22      $1,804,138
B                                  7          $307,387           0            $0          0          $0           7        $307,387
C                                  9          $598,447           2      $175,739          0          $0          11        $774,186
C-                                 1          $100,712           2      $118,874          0          $0           3        $219,587
D                                  6          $375,659           1      $168,786          0          $0           7        $544,445
Unknown                            0                $0           3      $227,313          0          $0           3        $227,313
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      72.52%        $8,559,400      89.81%    $8,640,370      0.00%          $0      80.28%     $17,199,770
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                           41        $2,923,605           9      $762,877          0          $0          50      $3,686,482
30-59                              0                $0           0            $0          0          $0           0              $0
60-89                              0                $0           0            $0          0          $0           0              $0
90-119                             0                $0           2      $150,063          0          $0           2        $150,063
120-179                            0                $0           0            $0          0          $0           0              $0
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           2      $150,063          -          $0          $3        $190,573
-----------------------------------------------------------------------------------------------------------------------------------
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                        0.00%                $0       3.83%      $152,638      0.00%         $0        3.83%        $152,638
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1994-C
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                     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        $1,723,660           6      $530,528          0          $0          30      $2,254,188
LTV/WAC                       60.26%            12.09%      71.03%        11.73%      0.00%       0.00%      62.79%          12.01%
A/A-                              11          $806,289           4      $331,258          0          $0          15      $1,137,546
B                                  0                $0           0            $0          0          $0           0              $0
C                                  6          $437,009           1      $104,824          0          $0           7        $541,833
C-                                 1           $33,166           1       $94,446          0          $0           2        $127,612
D                                  6          $447,196           0            $0          0          $0           6        $447,196
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                           23        $1,601,919           5      $425,704          0          $0          28      $2,027,623
30-59                              1          $121,741           0            $0          0          $0           1        $121,741
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      $104,824          0          $0           1        $104,824
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      $104,824          -          $0          $1        $104,824
-----------------------------------------------------------------------------------------------------------------------------------
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                        0.00%                $0       0.00%            $0      0.00%          $0       0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1994-D
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                     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        $1,352,463          23    $2,196,021          0          $0          44      $3,548,484
LTV/WAC                       60.04%            11.74%      69.60%        11.67%      0.00%       0.00%      65.96%          11.70%
A/A-                               5          $381,163           9    $1,015,678          0          $0          14      $1,396,842
B                                  1           $17,443           7      $649,951          0          $0           8        $667,394
C                                  7          $330,593           5      $345,699          0          $0          12        $676,291
C-                                 5          $339,798           2      $184,693          0          $0           7        $524,491
D                                  3          $283,466           0            $0          0          $0           3        $283,466
Unknown                            0                $0           0            $0          0          $0           0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      81.89%        $6,576,000      91.96%   $26,257,565      0.00%          $0      89.75%     $32,833,565
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                           21        $1,352,463          21    $2,098,200          0          $0          42      $3,450,663
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           2       $97,821          0          $0           2         $97,821
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           2       $97,821          -          $0          $2         $97,821
-----------------------------------------------------------------------------------------------------------------------------------
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
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>
<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1995-A
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                     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          $337,174          61    $6,865,291          0          $0          68      $7,202,465
LTV/WAC                       56.28%            12.72%      67.23%        12.55%      0.00%       0.00%      66.71%          12.56%
A/A-                               0                $0          23    $2,432,835          0          $0          23      $2,432,835
B                                  2          $156,898          14    $1,216,428          0          $0          16      $1,373,326
C                                  3           $74,681           9      $984,973          0          $0          12      $1,059,654
C-                                 2          $105,594           8    $1,070,069          0          $0          10      $1,175,663
D                                  0                $0           6    $1,020,916          0          $0           6      $1,020,916
Unknown                            0                $0           1      $140,071          0          $0           1        $140,071
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      91.99%        $4,193,400      85.73%   $42,612,360      0.00%          $0      86.26%     $46,805,760
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                            6          $315,777          50    $5,475,790          0          $0          56      $5,791,567
30-59                              0                $0           1      $181,016          0          $0           1        $181,016
60-89                              0                $0           1      $149,506          0          $0           1        $149,506
90-119                             1           $21,396           2      $228,102          0          $0           3        $249,498
120-179                            0                $0           0            $0          0          $0           0              $0
180-269                            0                $0           1       $65,395          0          $0           1         $65,395
270-359                            0                $0           2      $223,596          0          $0           2        $223,596
360+                               0                $0           1      $191,286          0          $0           1        $191,286
REO                                0                $0           3      $350,602          0          $0           3        $350,602
90+REO                             1           $21,396           9    $1,058,981          -          $0         $10      $1,080,377
-----------------------------------------------------------------------------------------------------------------------------------
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                        0.00%                $0       0.00%            $0      0.00%          $0       0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1995-B
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                     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          $433,426          83    $7,967,330          0          $0          90      $8,400,756
LTV/WAC                       66.08%            11.67%      65.57%        12.52%      0.00%       0.00%      65.59%          12.47%
A/A-                               3          $134,616          19    $2,007,356          0          $0          22      $2,141,972
B                                  2          $165,189          14    $1,212,216          0          $0          16      $1,377,405
C                                  1           $65,736          19    $1,842,401          0          $0          20      $1,908,137
C-                                 1           $67,884          20    $1,976,824          0          $0          21      $2,044,708
D                                  0                $0          11      $928,533          0          $0          11        $928,533
Unknown                            0                $0           0            $0          0          $0           0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      89.81%        $4,037,600      85.00%   $47,279,945      0.00%          $0      85.36%     $51,317,545
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                            7          $433,426          52    $4,976,967          0          $0          59      $5,410,393
30-59                              0                $0           2      $145,166          0          $0           2        $145,166
60-89                              0                $0           1       $80,208          0          $0           1         $80,208
90-119                             0                $0           3      $379,723          0          $0           3        $379,723
120-179                            0                $0           4      $315,721          0          $0           4        $315,721
180-269                            0                $0           2      $141,731          0          $0           2        $141,731
270-359                            0                $0           3      $245,517          0          $0           3        $245,517
360+                               0                $0           7      $601,447          0          $0           7        $601,447
REO                                0                $0           9    $1,080,849          0          $0           9      $1,080,849
90+REO                             -                $0          28    $2,764,988          -          $0         $28      $2,764,988
-----------------------------------------------------------------------------------------------------------------------------------
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 TO 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                        0.00%                $0       0.00%            $0      0.00%          $0       0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1995-C
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                     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          $517,296          89    $7,445,232          0          $0          98      $7,962,528
LTV/WAC                       61.57%            12.48%      67.71%        13.09%      0.00%       0.00%      67.31%          13.05%
A/A-                               3          $241,085          19    $1,646,315          0          $0          22      $1,887,400
B                                  2          $117,124          16    $1,540,757          0          $0          18      $1,657,881
C                                  3          $103,684          11      $851,152          0          $0          14        $954,836
C-                                 0                $0          24    $1,958,531          0          $0          24      $1,958,531
D                                  1           $55,403          19    $1,448,478          0          $0          20      $1,503,882
Unknown                            0                $0           0            $0          0          $0           0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      87.54%        $4,074,400      88.70%   $60,558,190      0.00%          $0      88.62%     $64,632,590
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                            8          $462,070          66    $5,718,029          0          $0          74      $6,180,099
30-59                              0                $0           2      $212,160          0          $0           2        $212,160
60-89                              0                $0           0            $0          0          $0           0              $0
90-119                             0                $0           1       $94,837          0          $0           1         $94,837
120-179                            0                $0           0            $0          0          $0           0              $0
180-269                            1           $55,226           3      $143,735          0          $0           4        $198,961
270-359                            0                $0           4      $296,972          0          $0           4        $296,972
360+                               0                $0          12      $907,409          0          $0          12        $907,409
REO                                0                $0           1       $72,090          0          $0           1         $72,090
90+REO                             1           $55,226          21    $1,515,043          -          $0         $22      $1,570,269
-----------------------------------------------------------------------------------------------------------------------------------
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
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1995-D
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                     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          $519,406          93    $8,499,396          0          $0          99      $9,018,801
LTV/WAC                       62.01%            12.25%      68.78%        12.81%      0.00%       0.00%      68.39%          12.78%
A/A-                               0                $0          22    $2,163,392          0          $0          22      $2,163,392
B                                  3          $270,649          21    $2,146,178          0          $0          24      $2,416,827
C                                  1           $67,707          14    $1,248,962          0          $0          15      $1,316,670
C-                                 1           $88,854          15    $1,327,736          0          $0          16      $1,416,590
D                                  1           $92,195          21    $1,613,127          0          $0          22      $1,705,322
Unknown                            0                $0           0            $0          0          $0           0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      78.78%        $1,977,200      88.21%   $65,321,011      0.00%          $0      87.90%     $67,298,211
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                            5          $444,222          64    $5,885,255          0          $0          69      $6,329,477
30-59                              0                $0           2      $133,851          0          $0           2        $133,851
60-89                              0                $0           2      $222,344          0          $0           2        $222,344
90-119                             0                $0           0            $0          0          $0           0              $0
120-179                            1           $75,184           1       $58,303          0          $0           2        $133,487
180-269                            0                $0           3      $102,824          0          $0           3        $102,824
270-359                            0                $0           2      $149,928          0          $0           2        $149,928
360+                               0                $0          12    $1,141,363          0          $0          12      $1,141,363
REO                                0                $0           7      $805,528          0          $0           7        $805,528
90+REO                             1           $75,184          25    $2,257,946          -          $0         $26      $2,333,130
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance     3.68%           $92,348       6.16%    $4,560,305      0.00%          $0       6.08%      $4,652,653
Severity                      85.91%                        39.00%                    0.00%                  39.43%
-----------------------------------------------------------------------------------------------------------------------------------
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       4.11%      $481,615      0.00%          $0       3.72%        $481,615
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      10.93%    $1,884,311      0.00%          $0      11.04%      $1,933,809
Unknown                        0.00%                $0       0.00%            $0      0.00%          $0       0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1996-A
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                     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          $375,937         136   $12,148,566          0          $0         142     $12,524,503
LTV/WAC                       63.72%            12.36%      66.91%        13.29%      0.00%       0.00%      66.81%          13.26%
A/A-                               3          $221,317          27    $2,835,236          0          $0          30      $3,056,553
B                                  0                $0          15    $1,397,351          0          $0          15      $1,397,351
C                                  2          $130,320          16    $1,193,875          0          $0          18      $1,324,194
C-                                 0                $0          19    $1,483,524          0          $0          19      $1,483,524
D                                  1           $24,301          59    $5,238,580          0          $0          60      $5,262,881
Unknown                            0                $0           0            $0          0          $0           0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      84.17%        $2,071,400      87.47%   $86,647,002      0.00%          $0      87.39%     $88,718,402
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                            4          $313,267          92    $7,393,585          0          $0          96      $7,706,852
30-59                              0                $0           1       $47,725          0          $0           1         $47,725
60-89                              1           $34,041           2      $133,882          0          $0           3        $167,923
90-119                             0                $0           3      $239,272          0          $0           3        $239,272
120-179                            0                $0           0            $0          0          $0           0              $0
180-269                            0                $0           3      $188,699          0          $0           3        $188,699
270-359                            0                $0           4      $384,606          0          $0           4        $384,606
360+                               1           $28,629          27    $3,344,671          0          $0          28      $3,373,300
REO                                0                $0           4      $416,127          0          $0           4        $416,127
90+REO                             1           $28,629          41    $4,573,375          -          $0         $42      $4,602,004
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance     1.79%           $43,936       5.57%    $5,515,694      0.00%          $0       5.48%      $5,559,630
Severity                      58.04%                        41.42%                    0.00%                  41.51%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                           0.00%                $0       3.69%      $796,618      0.00%          $0       3.53%        $796,618
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-                             0.00%                $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
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>
<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1996-B
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                     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          $278,900         273   $21,521,366          0          $0         278     $21,800,266
LTV/WAC                       60.45%            12.45%      65.31%        13.19%      0.00%       0.00%      65.25%          13.18%
A/A-                               0                $0          29    $2,729,642          0          $0          29      $2,729,642
B                                  0                $0          24    $2,444,673          0          $0          24      $2,444,673
C                                  2          $102,575          41    $3,086,097          0          $0          43      $3,188,672
C-                                 1           $58,139          38    $2,242,898          0          $0          39      $2,301,037
D                                  2          $118,186         141   $11,018,056          0          $0         143     $11,136,241
Unknown                            0                $0           0            $0          0          $0           0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      91.82%        $3,194,100      87.84%  $157,716,055      0.00%          $0      87.91%    $160,910,155
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                            3          $167,717         155   $12,021,821          0          $0         158     $12,189,538
30-59                              0                $0          11      $817,340          0          $0          11        $817,340
60-89                              0                $0           3      $156,874          0          $0           3        $156,874
90-119                             0                $0           4      $270,866          0          $0           4        $270,866
120-179                            0                $0          10      $518,331          0          $0          10        $518,331
180-269                            0                $0           9      $855,865          0          $0           9        $855,865
270-359                            0                $0          14    $1,165,137          0          $0          14      $1,165,137
360+                               2          $111,183          48    $3,795,068          0          $0          50      $3,906,251
REO                                0                $0          19    $1,920,065          0          $0          19      $1,920,065
90+REO                             2          $111,183         104    $8,525,332          -          $0        $106      $8,636,515
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance     1.53%           $53,281       4.76%    $8,548,265      0.00%          $0       4.70%      $8,601,546
Severity                      65.78%                        42.20%                    0.00%                  42.30%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                           0.00%                $0       2.17%      $712,718      0.00%          $0       2.10%        $712,718
B                              0.00%                $0       4.53%    $1,131,219      0.00%          $0       4.38%      $1,131,219
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                        0.00%                $0       0.00%            $0      0.00%          $0       0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1996-C
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                     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       $761,967         328   $28,070,601        265     $21,091,379       609     $49,923,946
LTV/WAC                       62.96%         12.65%      68.00%        13.24%     71.15%          12.75%    69.25%          13.03%
A/A-                               5       $256,749          63    $5,815,401        109     $10,138,994       177     $16,211,143
B                                  1       $115,583          48    $4,729,201         84      $6,957,711       133     $11,802,495
C                                  3       $111,692          39    $3,524,786         63      $3,479,298       105      $7,115,775
C-                                 3       $171,867          43    $3,301,568          2         $83,246        48      $3,556,681
D                                  4       $106,077         135   $10,699,646          7        $432,130       146     $11,237,853
Unknown                            0             $0           0            $0          0              $0         0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      85.60%     $5,018,800      85.24%  $164,697,062     85.91%    $131,226,189    85.53%    $300,942,051
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                           11       $522,152         206   $17,031,248        174     $13,538,803       391     $31,092,203
30-59                              1        $74,874           9      $649,352          5        $416,978        15      $1,141,204
60-89                              1        $52,831           0            $0          6        $793,383         7        $846,214
90-119                             0             $0           5      $461,871          7        $455,195        12        $917,066
120-179                            1        $26,131          11      $936,699          7        $506,141        19      $1,468,971
180-269                            1        $63,271          10      $733,884         10        $674,813        21      $1,471,968
270-359                            0             $0          10      $931,888          7        $795,401        17      $1,727,289
360+                               1        $22,708          56    $5,466,434         28      $2,715,092        85      $8,204,234
REO                                0             $0          21    $1,859,225         21      $1,195,573        42      $3,054,798
90+REO                             3       $112,110         113   $10,390,001         80      $6,342,215      $196     $16,844,326
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance     2.19%       $128,299       5.24%   $10,120,952      3.77%      $5,762,326     4.55%     $16,011,577
Severity                      56.10%                     44.92%                   43.99%                    44.65%
-----------------------------------------------------------------------------------------------------------------------------------
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      2.20%      $1,009,721     2.17%      $1,696,626
C                             10.10%        $91,754       2.83%      $733,973      7.66%      $2,305,808     5.50%      $3,131,535
C-                             0.00%             $0       5.73%    $1,550,871     16.15%         $53,491     5.71%      $1,604,362
D                              0.00%             $0       9.34%    $6,124,989     10.57%        $221,045     9.20%      $6,346,034
Unknown                        0.00%             $0       0.00%            $0      0.00%              $0     0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1996-D
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                    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    $1,071,285          385      $32,266,074       267     $21,075,929      666    $54,413,287
LTV/WAC                       65.10%        12.52%       68.67%           13.19%    71.45%          12.86%   69.68%         13.05%
A/A-                               2      $149,738           90       $8,567,431       100      $9,081,069      192    $17,798,237
B                                  3      $255,256           60       $5,939,053        85      $6,987,652      148    $13,181,961
C                                  4      $243,913           64       $5,137,329        40      $2,547,874      108     $7,929,116
C-                                 2       $75,707           39       $2,726,016        12        $736,365       53     $3,538,088
D                                  3      $346,671          132       $9,896,245        30      $1,722,969      165    $11,965,884
Unknown                            0            $0            0               $0         0              $0        0             $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      80.34%    $4,463,400       84.69%     $180,491,566    84.50%    $119,271,980   84.55%   $304,226,946
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                            9      $646,760          233      $20,225,682       161     $11,805,292      403    $32,677,734
30-59                              0            $0           13       $1,059,699        12      $1,171,949       25     $2,231,648
60-89                              1      $111,007            5         $460,687         5        $464,667       11     $1,036,361
90-119                             0            $0            8         $734,014         1         $60,263        9       $794,277
120-179                            1       $43,091           10         $617,046        14        $968,853       25     $1,628,990
180-269                            0            $0           16         $999,032        14        $737,619       30     $1,736,651
270-359                            0            $0            9         $646,781        13      $1,404,587       22     $2,051,368
360+                               3      $270,426           56       $4,703,562        31      $3,315,216       90     $8,289,204
REO                                0            $0           35       $2,819,571        16      $1,147,482       51     $3,967,053
90+REO                             4      $313,517          134      $10,520,006        89      $7,634,020     $227    $18,467,543
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance     1.35%       $74,734        4.44%       $9,469,850     3.08%      $4,350,053    3.86%    $13,894,637
Severity                      44.48%                     40.49%                     48.08%                   42.61%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                           0.00%            $0        1.34%         $791,581     1.47%        $969,564    1.39%     $1,761,145
B                              1.58%       $22,168        2.27%       $1,004,910     3.13%      $1,329,596    2.68%     $2,356,674
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     2.72%        $137,604    4.20%     $1,004,294
D                              0.00%            $0        8.58%       $5,027,936     6.51%        $696,739    8.17%     $5,724,675
Unknown                        0.00%            $0        0.00%               $0     0.00%              $0    0.00%             $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1997-1
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                  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                  27    $2,469,175          491      $44,186,344         356     $26,375,462      874    $73,030,981
LTV/WAC                     70.96%        11.57%       71.26%           12.58%      72.24%          12.46%   71.61%         12.51%
A/A-                            10    $1,042,615          149      $14,332,227         133     $10,679,016      292    $26,053,857
B                                8      $915,582          139      $12,892,622         100      $8,472,928      247    $22,281,132
C                                3      $197,860           72       $5,550,968          45      $2,891,152      120     $8,639,981
C-                               0            $0           20       $2,110,264          20      $1,015,314       40     $3,125,578
D                                6      $313,119          111       $9,300,262          58      $3,317,052      175    $12,930,433
Unknown                          0            $0            0               $0           0              $0        0             $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                    77.30%    $9,010,700       82.92%     $220,093,405      81.00%    $115,055,860   82.11%   $344,159,965
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                         21    $2,033,213          324      $27,581,537         228     $16,384,682      573    $45,999,432
30-59                            0            $0           21       $1,631,944          14        $916,599       35     $2,548,543
60-89                            1      $151,287           10         $836,630           8        $645,031       19     $1,632,948
90-119                           0            $0            2         $198,024           8        $804,419       10     $1,002,443
120-179                          0            $0           10       $1,234,392          11        $680,550       21     $1,914,942
180-269                          0            $0           17       $2,125,596          11        $920,518       28     $3,046,114
270-359                          0            $0           13         $845,749          13      $1,178,590       26     $2,024,339
360+                             5      $284,675           70       $7,133,082          38      $2,999,579      113    $10,417,336
REO                              0            $0           24       $2,599,389          25      $1,845,495       49     $4,444,884
90+REO                           5      $284,675          136      $14,136,232         106      $8,429,151     $247    $22,850,058
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance   2.01%      $234,541        3.52%       $9,346,033       3.29%      $4,674,041    3.40%    $14,254,615
Severity                    38.49%                     42.27%                       45.62%                   43.24%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                         0.00%            $0        2.20%       $2,303,455       2.14%      $1,442,419    2.11%     $3,745,874
B                            4.49%      $174,483        3.19%       $2,485,114       2.63%      $1,080,125    3.04%     $3,739,722
C                            0.00%            $0        3.90%       $1,270,774       7.46%      $1,181,877    4.90%     $2,452,651
C-                           0.00%            $0        3.73%         $463,032       3.44%        $175,043    3.64%       $638,075
D                            6.26%       $60,058        7.52%       $2,823,658       6.32%        $794,577    7.20%     $3,678,293
Unknown                      0.00%            $0        0.00%               $0       0.00%              $0    0.00%             $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1997-B
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                  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     $2,647,045        433      $37,680,009     304     $24,528,262          769    $64,855,316
LTV/WAC                      77.01%         12.00%     74.03%           12.62%  75.45%          12.15%       74.69%         12.42%
A/A-                             12     $1,145,176        157      $16,644,833     129     $11,879,874          298    $29,669,883
B                                11       $678,654        131      $11,144,268      92      $7,554,075          234    $19,376,997
C                                 6       $614,549         70       $4,668,445      33      $1,984,382          109     $7,267,375
C-                                2       $176,373         15       $1,203,012      15        $853,890           32     $2,233,276
D                                 1        $32,293         60       $4,019,450      35      $2,256,041           96     $6,307,785
Unknown                           0             $0          0               $0       0              $0            0             $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                     71.26%     $6,786,300     81.43%     $168,811,932  73.01%     $68,023,847       78.59%   $243,622,079
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                          28     $2,222,998        338      $29,522,912     224     $18,505,648          590    $50,251,558
30-59                             1        $63,361         11         $930,837      10        $944,183           22     $1,938,381
60-89                             0             $0          8         $651,435       7        $426,713           15     $1,078,148
90-119                            0             $0          0               $0       7        $743,857            7       $743,857
120-179                           1        $95,494          9         $639,473       2         $91,140           12       $826,107
180-269                           0             $0         15       $1,317,720      15        $975,632           30     $2,293,352
270-359                           1       $232,898          5         $572,334       4        $369,974           10     $1,175,206
360+                              1        $32,293         29       $2,515,777      23      $1,737,564           53     $4,285,634
REO                               0             $0         18       $1,529,521      12        $733,553           30     $2,263,074
90+REO                            3       $360,685         76       $6,574,825      63      $4,651,720         $142    $11,587,230
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance    0.97%        $92,209      2.32%       $4,806,399   3.07%      $2,862,973        2.50%     $7,761,581
Severity                     48.97%                    39.71%                   46.09%                       41.95%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                          0.91%        $47,344      1.08%       $1,083,186   1.56%        $700,429        1.22%     $1,830,959
B                             0.00%             $0      3.12%       $1,805,207   3.30%        $889,637        3.08%     $2,694,844
C                             0.00%             $0      3.17%         $757,898   6.54%        $577,756        3.96%     $1,335,654
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
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>
<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1997-C
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                    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                   26     $2,430,359      307      $26,824,245         855     $70,796,462      1188    $100,051,066
LTV/WAC                      76.62%         12.30%   74.51%           13.14%      75.94%          10.85%    75.57%          11.50%
A/A-                             10       $808,315      124      $11,366,547         503     $46,473,224       637     $58,648,086
B                                11     $1,339,557       83       $8,588,652         213     $15,474,725       307     $25,402,933
C                                 3       $171,718       34       $2,282,470          70      $3,866,103       107      $6,320,292
C-                                2       $110,769        7         $586,364          23      $1,762,965        32      $2,460,098
D                                 0             $0       59       $4,000,211          46      $3,219,446       105      $7,219,657
Unknown                           0             $0        0               $0           0              $0         0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                     79.88%     $9,912,700   75.22%      $82,961,345      64.31%    $130,641,144    68.59%    $223,515,189
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                          23     $2,150,120      219      $19,975,448         701     $58,577,444       943     $80,703,012
30-59                             0             $0        7         $499,697          17      $1,359,219        24      $1,858,916
60-89                             0             $0        2         $105,389          12        $807,620        14        $913,009
90-119                            0             $0        1          $55,941           7        $361,241         8        $417,182
120-179                           0             $0       10         $563,943          13      $1,382,747        23      $1,946,690
180-269                           0             $0        6         $490,421          32      $2,642,801        38      $3,133,222
270-359                           1       $124,638       11       $1,085,931          15      $1,329,376        27      $2,539,945
360+                              1        $71,033       30       $2,438,651          27      $2,428,916        58      $4,938,600
REO                               1        $84,567       21       $1,608,824          31      $1,907,100        53      $3,600,491
90+REO                            3       $280,238       79       $6,243,711         125     $10,052,181      $207     $16,576,130
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance    0.38%        $46,755    4.54%       $5,007,281       3.04%      $6,180,421     3.45%     $11,234,457
Severity                     16.67%                  47.91%                       46.23%                    46.62%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                         -0.09%        ($5,745)   3.66%       $1,964,270       2.01%      $2,566,763     2.40%      $4,525,288
B                             0.68%        $28,215    4.00%       $1,197,557       3.88%      $1,718,348     3.75%      $2,944,120
C                             0.00%             $0    7.58%         $718,345       5.22%        $753,107     5.94%      $1,471,452
C-                            0.00%             $0    2.87%          $79,305       3.52%        $196,837     3.14%        $276,142
D                             6.56%        $24,285    7.27%       $1,047,805       8.70%        $945,366     7.87%      $2,017,456
Unknown                       0.00%             $0    0.00%               $0       0.00%              $0     0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1997-D
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                    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                    62     $5,612,120      310     $28,679,944        1219    $102,005,448      1591    $136,297,513
LTV/WAC                       77.38%         11.59%   79.03%          12.80%      76.45%          10.40%    77.03%          10.96%
A/A-                              34     $3,301,663      147     $14,941,958         735     $68,733,960       916     $86,977,581
B                                 19     $1,599,275       93      $8,333,389         301     $21,803,072       413     $31,735,736
C                                  4       $233,420       29      $2,548,001          87      $5,734,790       120      $8,516,211
C-                                 5       $477,762        2        $262,325          23      $1,234,768        30      $1,974,855
D                                  0             $0       39      $2,594,272          73      $4,498,858       112      $7,093,130
Unknown                            0             $0        0              $0           0              $0         0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                      70.52%    $13,835,700   76.06%     $90,784,561      57.20%    $139,389,660    63.77%    $244,009,921
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                           41     $3,678,912      233     $21,764,151        1000     $83,538,090      1274    $108,981,153
30-59                              3       $258,781        3        $316,069          26      $2,563,960        32      $3,138,810
60-89                              0             $0        5        $394,499          13      $1,083,742        18      $1,478,241
90-119                             0             $0        5        $533,223          16      $1,273,031        21      $1,806,254
120-179                            3       $204,292        2        $157,650          18      $1,616,863        23      $1,978,805
180-269                            0             $0        6        $755,326          29      $2,081,287        35      $2,836,613
270-359                            3       $273,277        7        $617,882          18      $1,104,341        28      $1,995,500
360+                               6       $671,442       21      $2,335,743          55      $5,208,077        82      $8,215,262
REO                                6       $525,415       28      $1,805,402          44      $3,536,056        78      $5,866,873
90+REO                            18     $1,674,426       69      $6,205,226         180     $14,819,655      $267     $22,699,307
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance     1.74%       $341,814    3.53%      $4,218,339       2.29%      $5,591,783     2.65%     $10,151,936
Severity                      52.39%                  42.98%                      40.91%                    42.06%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                           1.43%       $183,318    2.63%      $1,943,455       1.48%      $2,270,771     1.83%      $4,397,544
B                              1.48%        $59,587    4.44%      $1,076,538       2.75%      $1,581,316     3.17%      $2,717,441
C                              0.00%             $0    3.19%        $249,969       4.39%        $724,911     3.85%        $974,880
C-                             5.01%        $54,631    5.19%         $89,796       6.15%        $257,151     5.74%        $401,578
D                              6.43%        $44,278    7.41%        $858,582       6.27%        $757,635     6.82%      $1,660,495
Unknown                        0.00%             $0    0.00%              $0       0.00%              $0     0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1998-A
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                   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                   30     $2,763,964       190      $17,822,690        475     $38,729,862        695    $59,316,515
LTV/WAC                      77.40%         11.93%    77.64%           12.78%     77.31%          11.44%     77.41%         11.87%
A/A-                             18     $1,676,194        84       $8,673,652        243     $23,259,245        345    $33,609,091
B                                 8       $729,802        54       $5,153,834        143      $9,948,622        205    $15,832,257
C                                 0             $0        12       $1,093,710         42      $2,362,402         54     $3,456,112
C-                                1       $176,683         2         $305,470         12        $875,699         15     $1,357,852
D                                 3       $181,286        38       $2,596,025         35      $2,283,893         76     $5,061,204
Unknown                           0             $0         0               $0          0              $0          0             $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                     71.56%     $7,740,200    66.00%      $35,060,894     54.32%     $47,008,030     59.68%    $89,809,124
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                          22     $1,974,876       112      $11,322,610        371     $30,562,609        505    $43,860,095
30-59                             1        $50,063         8         $875,466         17      $1,183,087         26     $2,108,616
60-89                             1        $55,171         2         $319,623          7        $553,501         10       $928,295
90-119                            0             $0         6         $691,870          5        $412,567         11     $1,104,437
120-179                           2       $309,914         6         $766,765         10        $878,712         18     $1,955,391
180-269                           2       $211,758         4         $273,808         17      $1,410,384         23     $1,895,950
270-359                           0             $0         4         $316,594          6        $423,045         10       $739,639
360+                              2       $162,182        25       $2,039,199         26      $2,227,811         53     $4,429,192
REO                               0             $0        23       $1,216,755         16      $1,078,147         39     $2,294,902
90+REO                            6       $683,854        68       $5,304,991         80      $6,430,666       $154    $12,419,511
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance    0.68%        $73,040     5.98%       $3,175,024      1.93%      $1,668,213      3.27%     $4,916,277
Severity                     23.38%                   54.98%                      42.45%                     49.08%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                          0.94%        $65,036     6.29%       $1,843,419      1.26%        $636,710      2.93%     $2,545,165
B                             0.26%         $8,004     3.39%         $469,575      2.26%        $511,157      2.50%       $988,736
C                             0.00%             $0    11.73%         $419,760      3.93%        $238,428      6.78%       $658,188
C-                            0.00%             $0    18.91%         $119,049      1.37%         $27,313      4.60%       $146,362
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
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1998-B
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                   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                  94     $8,465,160          460      $50,756,773    1233    $100,947,338       1787    $160,169,271
LTV/WAC                     78.13%         12.14%       80.44%           12.20%  77.97%          11.71%     78.76%          11.88%
A/A-                            45     $4,273,196          268      $32,204,969     606     $56,978,590        919     $93,456,755
B                               29     $2,732,362          101      $11,088,447     404     $30,872,333        534     $44,693,142
C                               11       $900,558           35       $2,697,047     115      $6,321,146        161      $9,918,752
C-                               4       $280,368            4         $360,434      29      $1,674,310         37      $2,315,112
D                                5       $278,676           52       $4,405,875      79      $5,100,960        136      $9,785,510
Unknown                          0             $0            0               $0       0              $0          0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                    59.62%    $12,341,000       59.81%      $76,671,193  54.54%    $123,016,995     56.62%    $212,029,188
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                         76     $6,801,733          334      $37,449,269     976     $81,265,200       1386    $125,516,202
30-59                            5       $362,603           11         $995,947      32      $2,246,787         48      $3,605,337
60-89                            3       $190,210           11       $1,259,188      25      $2,066,703         39      $3,516,101
90-119                           1        $46,414           11       $1,303,685      12        $997,503         24      $2,347,602
120-179                          1       $122,173           19       $1,856,809      21      $1,462,571         41      $3,441,553
180-269                          0             $0           10         $889,562      27      $1,951,470         37      $2,841,032
270-359                          2       $310,560            5         $776,031      23      $1,965,180         30      $3,051,771
360+                             5       $591,212           31       $3,559,977      53      $4,585,389         89      $8,736,578
REO                              1        $40,254           28       $2,666,304      64      $4,406,537         93      $7,113,095
90+REO                          10     $1,110,613          104      $11,052,368     200     $15,368,650       $314     $27,531,631
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance   0.86%       $178,030        3.17%       $4,061,221   2.24%      $5,061,628      2.48%      $9,300,879
Severity                    35.44%                      44.40%                   42.65%                     43.23%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                         0.65%        $72,583        2.62%       $2,194,454   1.45%      $1,891,862      1.84%      $4,158,899
B                            0.12%         $7,406        3.07%         $770,169   2.72%      $1,728,736      2.64%      $2,506,311
C                            2.13%        $43,141        4.16%         $297,293   5.34%        $748,863      4.69%      $1,089,297
C-                           0.00%             $0        0.00%               $0   0.81%         $35,391      0.59%         $35,391
D                            6.89%        $54,899        7.21%         $799,305   5.13%        $656,776      6.12%      $1,510,980
Unknown                      0.00%             $0        0.00%               $0   0.00%              $0      0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                           COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1998-C
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                   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                   92      $10,101,052         329  $37,825,762        1007     $86,950,110      1428    $134,876,923
LTV/WAC                      79.67%           10.94%      81.35%       11.63%      79.07%          10.77%    79.75%          11.02%
A/A-                             53       $6,859,146         207  $26,147,170         567     $55,994,366       827     $89,000,682
B                                28       $2,518,844          76   $7,706,608         300     $22,633,848       404     $32,859,300
C                                 6         $385,104          17   $1,268,202          60      $3,722,623        83      $5,375,929
C-                                1          $36,622           1      $52,095          18      $1,252,120        20      $1,340,836
D                                 4         $301,336          28   $2,651,688          62      $3,347,153        94      $6,300,176
Unknown                           0               $0           0           $0           0              $0         0              $0
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                     51.41%      $10,861,800      49.84%  $38,180,267      45.54%     $73,721,883    47.29%    $122,763,950
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                          69       $7,184,248         273  $31,722,125         840     $73,483,423      1182    $112,389,796
30-59                             5         $381,142          11   $1,313,955          34      $3,247,522        50      $4,942,619
60-89                             1          $71,618           6     $644,792          10        $859,234        17      $1,575,644
90-119                            2         $156,995           3     $213,952           8        $781,680        13      $1,152,627
120-179                           2         $198,027           4     $684,904          21      $1,798,619        27      $2,681,550
180-269                           0               $0          11   $1,007,576          19      $1,461,022        30      $2,468,598
270-359                           7       $1,061,167           5     $409,491          16      $1,245,464        28      $2,716,122
360+                              4         $749,624           7     $926,294          36      $2,591,073        47      $4,266,991
REO                               2         $298,231           9     $902,674          23      $1,482,073        34      $2,682,978
90+REO                           17       $2,464,044          39   $4,144,891         123      $9,359,931      $179     $15,968,866
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance    0.80%         $169,780       1.20%     $919,914       1.46%      $2,366,178     1.33%      $3,455,872
Severity                     39.36%                       33.56%                   34.68%                    34.57%
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                          0.28%          $41,779       0.64%     $313,228       1.00%      $1,005,784     0.83%      $1,360,791
B                             1.63%          $80,301       1.89%     $311,380       1.66%        $726,974     1.71%      $1,118,655
C                             5.21%          $47,700       1.61%      $64,235       2.98%        $242,898     2.72%        $354,833
C-                            0.00%               $0       0.00%           $0       2.22%         $55,124     1.83%         $55,124
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
------------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST  2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1999-1
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                   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                   70    $7,468,946        46      $4,068,145        1651    $146,708,120       1767    $158,245,211
LTV/WAC                      77.95%        10.35%    76.55%          11.37%      76.85%          10.37%     76.89%          10.39%
A/A-                             38    $4,746,124        17      $1,559,734         739     $78,516,212        794     $84,822,070
B                                17    $1,517,183         9      $1,139,976         459     $38,596,287        485     $41,253,446
C                                 6      $534,878         4        $237,620         159     $10,590,975        169     $11,363,473
C-                                0            $0         1         $59,771          53      $2,767,415         54      $2,827,186
D                                 9      $670,762        15      $1,071,044         241     $16,237,231        265     $17,979,036
Unknown                           0            $0         0              $0           0              $0          0              $0
-----------------------------------------------------------------------------------------------------------------------------------
PAID OFF                     29.92%    $3,226,600    30.87%      $1,842,450      20.12%     $37,252,841     20.96%     $42,321,891
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENCY STATUS
CURRENT                          60    $6,711,421        44      $3,998,999        1374    $125,495,100       1478    $136,205,520
30-59                             3      $180,649         0              $0          57      $4,119,806         60      $4,300,455
60-89                             0            $0         0              $0          22      $1,632,225         22      $1,632,225
90-119                            0            $0         0              $0          20      $1,361,972         20      $1,361,972
120-179                           2      $136,809         0              $0          44      $3,960,711         46      $4,097,520
180-269                           4      $388,148         0              $0          42      $3,056,093         46      $3,444,241
270-359                           1       $51,919         1         $42,176          37      $2,865,975         39      $2,960,070
360+                              0            $0         0              $0          32      $2,225,849         32      $2,225,849
REO                               0            $0         1         $26,970          23      $1,990,389         24      $2,017,359
90+REO                            7      $576,876         2         $69,146         198     $15,460,989       $207     $16,107,011
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original Pool Balance    0.24%       $25,375     0.26%         $15,411       0.56%      $1,037,941      0.53%      $1,078,727
Severity                    110.33%                  27.25%                      36.66%                     37.06%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                          0.00%            $0     0.00%              $0       0.23%        $222,003      0.21%        $222,003
B                             0.00%            $0     0.00%              $0       0.34%        $166,629      0.32%        $166,629
C                             4.23%       $25,375     0.00%              $0       1.51%        $221,602      1.58%        $246,977
C-                            0.00%            $0     0.00%              $0       0.43%         $19,956      0.42%         $19,956
D                             0.00%            $0     0.93%         $15,411       1.84%        $407,751      1.70%        $423,162
Unknown                       0.00%            $0     0.00%              $0       0.00%              $0      0.00%              $0
-----------------------------------------------------------------------------------------------------------------------------------
AS OF: AUGUST 2000

</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                            COLLATERAL PERFORMANCE BY
                        ORIGINATION CHANNEL/CREDIT GRADE
                       AAMES MORTGAGE TRUST, SERIES 1999-2
                                ARM/HYBRID LOANS
<TABLE>
<CAPTION>
                                     RETAIL                   CORRESPONDENT               BROKER                   TOTAL
Category                       #               $              #          $             #         $            #             $
-----------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>           <C>             <C>      <C>             <C>     <C>             <C>        <C>
ORIGINAL                         52        $5,034,900         108   $12,255,827       1751  $151,946,509      1911     $169,237,236
LTV/WAC                      74.27%            10.35%      79.75%        10.06%     79.07%        10.44%    78.98%           10.41%
A/A-                             24        $2,916,000          55    $6,823,461        838   $87,023,808       917      $96,763,269
B                                10          $945,350          32    $3,541,493        502   $39,417,068       544      $43,903,911
C                                 3          $217,850          14    $1,216,010        161   $11,408,456       178      $12,842,316
C-                                6          $346,300           3      $223,473         42    $3,071,270        51       $3,641,043
D                                 9          $609,400           4      $451,390        207   $10,905,907       220      $11,966,697
Unknown                           0                $0           0            $0          0            $0         0               $0
------------------------------------------------------------------------------------------------------------------------------------
REMAINING                        41        $3,746,856          93   $10,517,013       1588  $138,231,898      1722     $152,495,768
LTV/WAC                      72.38%            10.23%      80.81%         9.95%     79.33%        10.41%    79.26%           10.37%
A/A-                             18        $1,953,237          50    $6,242,152        778   $80,107,769       846      $88,303,158
B                                 9          $852,938          26    $2,722,067        466   $36,255,420       501      $39,830,425
C                                 2          $112,307          12    $1,012,217        135    $9,832,025       149      $10,956,549
C-                                5          $310,456           3      $221,390         37    $2,543,752        45       $3,075,597
D                                 7          $517,918           2      $319,187        171    $9,373,860       180      $10,210,965
Unknown                           0                $0           0            $0          0            $0         0               $0
------------------------------------------------------------------------------------------------------------------------------------
PAID OFF                     25.18%        $1,267,700      13.59%    $1,665,690      8.56%   $13,009,753     9.42%      $15,943,143
------------------------------------------------------------------------------------------------------------------------------------
STATUS
CURRENT                          33        $3,097,049          84    $9,475,160       1372  $120,579,539      1489     $133,151,748
30-59                             2          $144,512           4      $293,305         36    $2,533,071        42       $2,970,888
60-89                             1           $66,311           0            $0         25    $2,042,797        26       $2,109,108
90-119                            2          $211,089           0            $0         15    $1,096,704        17       $1,307,793
120-179                           2          $174,612           2      $413,419         52    $4,325,275        56       $4,913,306
180-269                           0                $0           1       $76,407         39    $3,795,203        40       $3,871,610
270-359                           1           $53,283           1      $233,723         32    $2,637,702        34       $2,924,708
360+                              0                $0           0            $0          0            $0         0               $0
REO                               0                $0           1       $25,000         17    $1,221,608        18       $1,246,608
90+REO                            5          $438,984           5      $748,549        155   $13,076,492      $165      $14,264,025
------------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE
% to Original                 0.00%                $0       0.00%            $0      0.30%      $450,979     0.27%         $450,979
Severity                      0.00%                         0.00%                   36.41%                  36.41%
-----------------------------------------------------------------------------------------------------------------------------------
LOSS TO DATE BY GRADE
A/A-                          0.00%                $0       0.00%            $0      0.11%       $91,781     0.09%          $91,781
B                             0.00%                $0       0.00%            $0      0.22%       $86,540     0.20%          $86,540
C                             0.00%                $0       0.00%            $0      0.91%      $104,328     0.81%         $104,328
C-                            0.00%                $0       0.00%            $0      0.00%            $0     0.00%               $0
D                             0.00%                $0       0.00%            $0      1.54%      $168,331     1.41%         $168,331
Unknown                       0.00%                $0       0.00%            $0      0.00%            $0     0.00%               $0
-----------------------------------------------------------------------------------------------------------------------------------
As of: August 2000

</TABLE>