AMRESCO RESIDENTIAL SECURITIES CORPORATION
MORTGAGE LOAN TRUST
SERIES 1996-1
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- --------------------------------------------------------------------------------------------------------------------
A-1 62,239,000.00 36,322,323.22 185,395.19 2,046,609.18 2,232,004.37 0.00 0.00 34,275,714.04
A-2 48,683,000.00 48,683,000.00 246,457.69 0.00 246,457.69 0.00 0.00 48,683,000.00
A-3 20,123,000.00 20,123,000.00 107,741.90 0.00 107,741.90 0.00 0.00 20,123,000.00
A-4 24,091,000.00 24,091,000.00 136,013.77 0.00 136,013.77 0.00 0.00 24,091,000.00
A-5 19,216,000.00 19,216,000.00 112,894.00 0.00 112,894.00 0.00 0.00 19,216,000.00
A-6 100,592,000.00 75,120,081.28 372,272.17 5,181,980.75 5,554,252.92 0.00 0.00 69,938,100.53
B-IO 0.00 0.00 817,628.94 0.00 817,628.94 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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TOTALS 274,944,000.00 223,555,404.50 1,978,403.66 7,228,589.93 9,206,993.59 0.00 0.00 216,326,814.57
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
RATES
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----------------------------------------------------------------------------------------------------
A-1 03215PAA7 583.594261 2.978762 32.883067 35.861829 550.711195 6.125000% 6.125000%
A-2 03215PAB5 1,000.000000 5.062500 0.000000 5.062500 1,000.000000 6.075000% 6.075000%
A-3 03215PAC3 1,000.000000 5.354167 0.000000 5.354167 1,000.000000 6.425000% 6.425000%
A-4 03215PAD1 1,000.000000 5.645833 0.000000 5.645833 1,000.000000 6.775000% 6.775000%
A-5 03215PAE9 1,000.000000 5.875000 0.000000 5.875000 1,000.000000 7.050000% 7.050000%
A-6 03215PAF6 746.779876 3.700813 51.514840 55.215653 695.265036 5.755000% 5.755000%
B-IO 0.000000 2.973802 0.000000 2.973802 0.000000 0.000000% 0.000000%
R 0.000000 0.000000 0.000000 0.0000 0.000000 0.000000% 0.000000%
DEPOSITOR: AMRESCO Residential Securities Corporation ADMINISTRATOR: Timothy Lewis
SERVICERS: Long Beach Mortgage/Option One Mortgage Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities Incorporated 3 Park Plaza
RECORD DATE: October 31, 1996 Irvine, CA 92714
DISTRIBUTION DATE: November 25, 1996 FACTOR INFORMATION: (800) 735-7777
Page 1 of 4 -C- COPYRIGHT 1996 Bankers Trust Company
AMRESCO RESIDENTIAL SECURITIES CORPORATION
MORTGAGE LOAN TRUST
SERIES 1996-1
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: November 25, 1996
GROUP 1 GROUP 2 TOTALS
-------------- ------------- --------------
SERVICER ADVANCES:
INTEREST 611,145.27 233,888.95 845,034.22
PRINCIPAL 35,896.76 10,354.21 46,250.97
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 63,482.60 32,243.09 95,725.69
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00 0.00 0.00
-------------- ------------- --------------
TOTAL SERVICING FEES DUE MASTER SERVICER: 63,482.60 32,243.09 95,725.69
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 2,778.06 5,864.36 8,642.42
LESS: DELINQUENT SERVICE FEES: 29,147.54 10,670.61 39,818.15
-------------- ------------- --------------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 31,557.00 15,708.12 47,265.12
0.114776 0.057132 0.171908
BEGINNING NUMBER OF LOANS: 1,744 809 2,553
ENDING NUMBER OF LOANS: 1,714 757 2,471
BEGINNING PRINCIPAL BALANCE OF POOL: 152,358,243.16 77,383,417.92 229,741,661.08
ENDING PRINCIPAL BALANCE OF POOL: 150,311,633.98 72,201,437.17 222,513,071.15
GROUP FACTOR: 86.211593% 71.775992% 80.930107%
LARGEST LOAN BALANCE: 478,182.95 396,787.53
WEIGHTED AVERAGE TERM TO MATURITY: 336.96 343.77
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 10.866309% 11.206586% 10.980924%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 10.855417% 11.318439% 11.005659%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 30 52 82
PRINCIPAL BALANCE: 1,966,389.06 5,150,761.78 7,117,150.84
AMOUNT PER $1000 CERTIFICATE: 31.594162 105.802062 25.885820
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 2,778.06 5,864.36 8,642.42
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00 0.00 0.00
AVAILABLE FUNDS: 3,362,769.72 5,872,407.62 9,235,177.34
INSURED PAYMENT: 0.00 0.00 0.00
REMAINING PRE-FUNDING AMOUNT AVAILABLE (GROUP 1 ONLY): 0.00 0.00
Page 2 of 4 -C- COPYRIGHT 1996 Bankers Trust Company
AMRESCO RESIDENTIAL SECURITIES CORPORATION
MORTGAGE LOAN TRUST
SERIES 1996-1
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: November 25, 1996
- ---------------------------------------------------------------------------------------------------------------
GROUP 1 GROUP 2 TOTALS
-------------- ------------- --------------
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
SCHEDULED PRINCIPAL: 80,220.12 31,218.97 111,439.09
PRINCIPAL PREPAYMENTS: 1,959,885.25 5,215,156.69 7,175,041.94
CURTAILMENTS: 6,503.81 (64,394.91) (57,891.10)
REPURCHASES: 0.00 0.00 0.00
LIQUIDATION PROCEEDS: 0.00 0.00 0.00
SUBORDINATION INCREASE AMOUNT: 0.00 0.00 0.00
PRE-FUNDED AMOUNTS DISTRIBUTED AS PREPAYMENTS: 0.00 0.00 0.00
-------------- ------------- --------------
2,046,609.18 5,181,980.75 7,228,589.93
- -------------------------------------------------------------------------------------------------------
DELINQUENT AND LOANS LOANS
FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS IN IN
INFORMATION* DAYS DAYS DAYS BANKRUPTCY FORECLOSURE
- -------------------------------------------------------------------------------------------------------
GROUP 1 (Fixed Rate)
- ----------------------
PRINCIPAL BALANCE 5,867,286.42 2,778,756.72 9,157,962.30 2,049,086.40 5,552,293.72
NUMBER OF LOANS 59 31 103 26 61
3.90% 1.85% 6.09% 1.36% 3.69%
- -------------------------------------------------------------------------------------------------------
GROUP 2 (Adjustable Rate)
- ---------------------------
PRINCIPAL BALANCE 2,750,467.04 801,829.60 5,353,557.84 944,368.21 3,934,303.03
NUMBER OF LOANS 34 7 48 10 32
3.81% 1.11% 7.41% 1.31% 5.45%
- -------------------------------------------------------------------------------------------------------
TOTAL
- -------
PRINCIPAL BALANCE 8,617,753.46 3,580,586.32 14,511,520.14 2,993,454.61 9,486,596.75
NUMBER OF LOANS 93 38 151 36 93
3.87% 1.61% 6.52% 1.35% 4.26%
- -------------------------------------------------------------------------------------------------------
*Delinquencies are inclusive of Foreclosures, Bankruptcies and REO Property
GROUP 1 GROUP 2 TOTALS
-------------- ------------- --------------
REO PROPERTY INFORMATION:
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH FORECLOSURE: 1,354,567.21 455,233.47 1,809,800.68
AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 1,379,356.67 431,693.81 1,811,050.48
NUMBER OF REO LOANS: 14 7 21
NEW REO PROPERTIES: TOTAL NUMBER: 9
DATE OF SCH. PRIN.
GROUP LOAN NUMBER ACQUISITION BOOK VALUE BALANCE
- ----- ----------- ----------- ----------- -----------
1 1808724 09/18/96 $101,791.60 $101,305.01
1 1830256 10/07/96 $79,361.21 $76,457.78
1 1879857 10/09/96 $99,679.73 $99,499.46
1 1999234 10/09/96 $45,488.84 $45,390.60
1 1831452 10/17/96 $121,717.88 $121,012.15
1 1764109 10/31/96 $261,260.18 $290,423.90
2 9192832 11/05/96 $46,378.54 $45,237.55
2 9187063 11/08/96 $139,119.67 $123,247.92
2 9186834 10/30/96 $37,912.51 $31,385.59
Page 3 of 4 -C- COPYRIGHT 1996 Bankers Trust Company
AMRESCO RESIDENTIAL SECURITIES CORPORATION
MORTGAGE LOAN TRUST
SERIES 1996-1
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: November 25, 1996
- ---------------------------------------------------------------------------------------------------------------
LIQUIDATED LOANS: TOTAL NUMBER: 0
GROUP LOAN NUMBER ACQUISITION BALANCE
- ----- ----------- ----------- -----------
GROUP 1 GROUP 2 TOTALS
-------------- ------------- --------------
SUBORDINATION AMOUNTS:
SUBORDINATED AMOUNT after all payments and transfers: 3,922,919.94 2,263,336.64 6,186,256.58
REQUIRED SUBORDINATION AMOUNT: 3,922,919.94 2,263,336.64 6,186,256.58
EXCESS SUBORDINATION AMOUNT: 0.00 0.00 0.00
SUBORDINATION DEFICIT: 0.00 0.00 0.00
UNREIMBURSED MONTHLY ADVANCES: 0.00 0.00 0.00
CUMULATIVE LOSS PERCENTAGE: 0.001777% 0.015118%
90+ DELINQUENCY PERCENTAGE: 4.233157% 4.854843%
INSURER PREMIUM AMOUNT: 18,554.42 9,390.01 27,944.43
TRUSTEE FEE AMOUNT: 158.71 80.61 239.31
REALIZED LOSS INFORMATION:
GROUP 1 GROUP 2 TOTAL
-------------- ------------- --------------
PRIOR REALIZED LOSSES: 3,097.61 15,207.95 18,305.56
PLUS: CURRENT REALIZED LOSSES 0.00 0.00 0.00
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CUMULATIVE REALIZED LOSSES: 3,097.61 15,207.95 18,305.56
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Page 4 of 4 -C- COPYRIGHT 1996 Bankers Trust Company