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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
September 20, 1996
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1996-4
(filed on its behalf by AMRESCO Residential Securities Corporation)
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(Exact name of registrant as specified in its charter)
APPLICATION
New York 33-08687-01 PENDING
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(State or Other Jurisdiction of (Commission File (I.R.S. Employer
Incorporation) Number) Identification No.)
c/o Bankers Trust Company
Four Albany Street
New York, New York 10006
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (714) 253-7575
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c/o Bankers Trust Company of California, N.A.,
3 Park Plaza, 16th Floor, Irvine, California 92714
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
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Description of the Conveyance of Subsequent Mortgage Loans
On September 20, 1996, AMRESCO Residential Securities Corporation
Mortgage Loan Trust 1996-4 (the "Trust") acquired $41,141,763.67 of Subsequent
Mortgage Loans pursuant to the terms of the Pooling and Servicing Agreement
dated as of August 1, 1996, between AMRESCO Residential Mortgage Corporation, as
Seller, AMRESCO Residential Securities Corporation, as Depositor, Long Beach
Mortgage Company, Option One Mortgage Corporation and Advanta Mortgage Corp.
USA, as Servicers and Bankers Trust Company of California, N.A., in its capacity
as Trustee, and the Subsequent Transfer Agreement among AMRESCO Residential
Securities Corporation, as Depositor, AMRESCO Residential Mortgage Corporation,
as Seller and the Trust, as purchaser, dated September 20, 1996. The Subsequent
Mortgage Loans possess the characteristics required by the Prospectus dated
August 16, 1996 and the Prospectus Supplement dated July 28, 1996, filed
pursuant to Rule 424(b)(5) of the Act on August 28, 1996. The Schedule of
Subsequent Mortgage Loans is attached to the Subsequent Transfer Agreement.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Not applicable
(b) Not applicable
(c) Exhibits:
10.1 Subsequent Transfer Agreement dated as of September 20, 1996
among AMRESCO Residential Securities Corporation, as
Depositor, AMRESCO Residential Mortgage Corporation, as Seller
and AMRESCO Residential Securities Corporation Mortgage Loan
Trust 1996-4 as the Purchaser.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
By: AMRESCO Residential Securities Corporation, as
Depositor
By: /s/Ronald B. Kirkland
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Name: Ronald B. Kirkland
Title: Vice President and Chief Accounting
Officer
Dated: October 3, 1996