AMRESCO RESIDENTIAL SECURITIES CORPORATION
MORTGAGE LOAN TRUST
SERIES 1996-4
STATEMENT TO CERTIFICATEHOLDERS
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DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
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A1 9,163,000.00 8,206,181.52 41,236.06 633,747.75 674,983.81 0.00 0.00 7,572,433.77
A2 22,400,000.00 21,629,611.81 114,817.19 780,261.38 895,078.57 0.00 0.00 20,849,350.43
A3 17,600,000.00 17,600,000.00 100,466.67 0.00 100,466.67 0.00 0.00 17,600,000.00
A4 10,670,000.00 10,670,000.00 64,464.58 0.00 64,464.58 0.00 0.00 10,670,000.00
A5 13,100,000.00 13,100,000.00 82,966.67 0.00 82,966.67 0.00 0.00 13,100,000.00
A6 238,146,000.00 229,156,272.67 1,121,815.44 5,554,454.49 6,676,269.93 0.00 0.00 223,601,818.18
B-IO 0.00 0.00 0.00 0.00 0.00 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 311,079,000.00 300,362,066.00 1,525,766.61 6,968,463.62 8,494,230.23 0.00 0.00 293,393,602.38
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
RATES
PRIOR CURRENT
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
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A1 03215PAS8 895.578033 4.500279 69.163784 73.664063 826.414250 6.030000% 6.030000%
A2 03215PAT6 965.607670 5.125767 34.833097 39.958865 930.774573 6.370000% 6.370000%
A3 03215PAU3 1,000.000000 5.708334 0.000000 5.708334 1,000.000000 6.850000% 6.850000%
A4 03215PAV1 1,000.000000 6.041666 0.000000 6.041666 1,000.000000 7.250000% 7.250000%
A5 03215PAW9 1,000.000000 6.333334 0.000000 6.333334 1,000.000000 7.600000% 7.600000%
A6 03215PAX7 962.251193 4.710621 23.323736 28.034357 938.927457 5.685000% 5.685000%
B-IO 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
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DEPOSITOR: AMRESCO Residential Securities Corporation ADMINISTRATOR: Timothy Lewis
SERVICERS: Advanta Mortgage/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
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Page 1 of 4 -C- COPYRIGHT 1996 Bankers Trust Company
AMRESCO RESIDENTIAL SECURITIES CORPORATION
MORTGAGE LOAN TRUST
SERIES 1996-4
STATEMENT TO CERTIFICATEHOLDERS
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Distribution Date: November 25, 1996
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GROUP 1 GROUP 2 TOTALS
------- ------- ------
SERVICER ADVANCES:
INTEREST 185,137.00 657,210.35 842,347.35
PRINCIPAL 11,153.98 42,301.66 53,455.64
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 25,472.50 91,099.61 116,572.11
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00 0.00 0.00
------------- -------------- --------------
TOTAL SERVICING FEES DUE MASTER SERVICER: 25,472.50 91,099.61 116,572.11
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 878.76 5,162.28 6,041.04
LESS: DELINQUENT SERVICE FEES: 7,511.47 32,093.48 39,604.95
------------- -------------- --------------
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 17,082.27 53,843.85 70,926.12
0.054913 0.173087 0.228000
BEGINNING NUMBER OF LOANS: 901 2,179 3,080
ENDING NUMBER OF LOANS: 885 2,135 3,020
BEGINNING PRINCIPAL BALANCE OF POOL: 71,554,517.69 230,485,722.85 302,040,240.54
ENDING PRINCIPAL BALANCE OF POOL: 70,339,315.22 225,582,416.09 295,921,731.31
GROUP FACTOR: 96.443024% 94.724091% 95.127099%
LARGEST LOAN BALANCE: 580,118.71 761,582.98
WEIGHTED AVERAGE TERM TO MATURITY: 316.78 350.23
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 10.656358% 9.825607% 10.022415%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 10.656504% 10.075732% 10.213779%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 16 44 60
PRINCIPAL BALANCE: 1,167,983.67 4,777,732.07 5,945,715.74
AMOUNT PER $1000 CERTIFICATE: 127.467387 213.291610 19.113202
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 878.76 5,162.28 6,041.04
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00 0.00 0.00
AVAILABLE FUNDS: 1,825,155.42 6,699,425.65 8,524,581.07
INSURED PAYMENT: 0.00 0.00 0.00
REMAINING PRE-FUNDING AMOUNT: 0.00 0.00 0.00
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Page 2 of 4 -C- COPYRIGHT 1996 Bankers Trust Company
AMRESCO RESIDENTIAL SECURITIES CORPORATION
MORTGAGE LOAN TRUST
SERIES 1996-4
STATEMENT TO CERTIFICATEHOLDERS
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Distribution Date: November 25, 1996
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GROUP 1 GROUP 2 TOTALS
------- ------- ------
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
SCHEDULED PRINCIPAL: 47,218.80 125,574.69 172,793.49
PRINCIPAL PREPAYMENTS: 1,170,279.91 4,771,605.53 5,941,885.44
CURTAILMENTS: (2,296.24) 6,126.54 3,830.30
REPURCHASES: 0.00 0.00 0.00
LIQUIDATION PROCEEDS: 0.00 0.00 0.00
SUBORDINATION INCREASE AMOUNT: 198,806.66 651,147.73 849,954.39
PRE-FUNDED AMOUNTS DISTRIBUTED AS PREPAYMENTS: 0.00 0.00 0.00
---------- ------------ ------------
1,414,009.13 5,554,454.49 6,968,463.62
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DELINQUENT AND LOANS LOANS
FORECLOSURE LOAN 30 TO 59 60 TO 89 90 PLUS IN IN
INFORMATION* DAYS DAYS DAYS BANKRUPTCY FORECLOSURE
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GROUP 1 (Fixed Rate)
- ---------------------
PRINCIPAL BALANCE 3,010,975.19 784,077.53 921,557.51 351,280.42 573,966.62
NUMBER OF LOANS 30 10 8 2 7
4.28% 1.11% 1.31% 0.50% 0.82%
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GROUP 2 (Adjustable Rate)
-------------------------
PRINCIPAL BALANCE 9,810,024.97 2,659,226.38 3,219,265.84 1,318,487.75 2,149,779.76
NUMBER OF LOANS 95 33 36 9 27
4.35% 1.18% 1.43% 0.58% 0.95%
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TOTAL
- ------
PRINCIPAL BALANCE 12,821,000.16 3,443,303.91 4,140,823.35 1,669,768.17 2,723,746.38
NUMBER OF LOANS 125 43 44 11 34
4.33% 1.16% 1.40% 0.56% 0.92%
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*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: 0.00 0.00 0.00
AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 0.00 0.00 0.00
NUMBER OF REO LOANS: 0 0 0
NEW REO PROPERTIES: TOTAL NUMBER: 0
DATE OF SCH. PRIN.
GROUP LOAN NUMBER ACQUISITION BALANCE BALANCE
----- ----------- ----------- ------- ----------
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Page 3 of 4 -C- COPYRIGHT 1996 Bankers Trust Company
AMRESCO RESIDENTIAL SECURITIES CORPORATION
MORTGAGE LOAN TRUST
SERIES 1996-4
STATEMENT TO CERTIFICATEHOLDERS
- ------------------------------------------------------------------------------------------------------------------------------------
Distribution Date: November 25, 1996
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LIQUIDATED LOANS: TOTAL NUMBER: 0
GROUP LOAN NUMBER ACQUISITION BALANCE
----- ----------- ----------- --------
GROUP 1 GROUP 2 TOTALS
------- ------- ------
SUBORDINATION AMOUNTS:
SUBORDINATED AMOUNT after all distributions and transfers: 545,501.37 1,903,923.81 2,449,425.18
REQUIRED SUBORDINATION AMOUNT: 1,166,505.15 8,097,909.09 9,264,414.24
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: 0.000000% 0.000000%
90+ DELINQUENCY PERCENTAGE: 0.695622% 0.693771%
INSURER PREMIUM AMOUNT: 7,120.58 22,915.63 30,036.21
TRUSTEE FEE AMOUNT: 74.54 240.09 314.63
GROUP II AVAILABLE FUNDS CAP CARRY-FORWARD AMOUNT: 0.00
ONE-MONTH LIBOR ON THE MOST RECENT ONE-MONTH LIBOR DETERMINATION DATE: 5.375000%
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CARRY FORWARD AMOUNTS
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CURRENT AMOUNTS CUMULATIVE AMOUNTS AMOUNTS REIMBURSED THIS PERIOD
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CLASS A1 0.00 0.00 0.00
CLASS A2 0.00 0.00 0.00
CLASS A3 0.00 0.00 0.00
CLASS A4 0.00 0.00 0.00
CLASS A5 0.00 0.00 0.00
CLASS A6 0.00 0.00 0.00
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REALIZED LOSS INFORMATION:
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GROUP 1 GROUP 2 TOTAL
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PRIOR REALIZED LOSSES: 0.00 0.00 0.00
PLUS: CURRENT REALIZED LOSSES 0.00 0.00 0.00
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CUMULATIVE REALIZED LOSSES: 0.00 0.00 0.00
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Page 4 of 4 -C- COPYRIGHT 1996 Bankers Trust Company