AMRESCO RESIDENTIAL SECURITIES CORPORATION
MORTGAGE LOAN TRUST
SERIES 1996-1
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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A-1 62,239,000.00 52,960,458.82 270,319.01 4,172,890.74 4,443,209.75 0.00 0.00 48,787,568.08
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 92,389,493.82 417,755.83 4,439,695.07 4,857,450.90 0.00 0.00 87,949,798.75
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 274,944,000.00 257,462,952.64 1,291,182.20 8,612,585.81 9,903,768.01 0.00 0.00 248,850,366.83
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
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A-1 03215PAA7 850.920786 4.343242 67.046237 71.389478 783.874549 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 918.457669 4.152973 44.135668 48.288640 874.322001 5.813590% 5.844840%
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: Long Beach Mortgage/Option One Mortgage Bankers Trust Company
LEAD UNDERWRITER: Prudential Securities Incorporated 3 Park Plaza
RECORD DATE: May 29, 1996 Irvine, CA 92714
DISTRIBUTION DATE: June 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 1996-1
STATEMENT TO CERTIFICATEHOLDERS
- --------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: June 25, 1996
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GROUP 1 GROUP 2
------- -------
SERVICER ADVANCES: 660,502.41 227,784.33
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 69,652.89 39,000.50
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00 0.00
TOTAL SERVICING FEES DUE MASTER SERVICER: 69,652.89 39,000.50
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 0.00 0.00
LESS: DELINQUENT SERVICE FEES: 29,689.06 10,315.94
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COLLECTED SERVICING FEES FOR CURRENT PERIOD: 39,963.83 28,684.56
0.145353 0.104329
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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 5,235,532.92 1,117,726.92 3,004,538.24 329,196.99 2,185,408.51
NUMBER OF LOANS 63 8 37 4 29
3.20% 0.68% 1.84% 0.20% 1.34%
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GROUP 2 (Adjustable Rate)
- -------------------------
PRINCIPAL BALANCE 3,545,225.65 1,511,043.04 1,063.320.90 0.00 2,263,254.14
NUMBER OF LOANS 40 12 8 0 16
3.96% 1.69% 1.19% 0.00% 2.53%
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TOTAL
- -----------------
PRINCIPAL BALANCE 8,780,758.57 2,628,769.96 4,067,859.14 329,196.99 4,448,662.65
NUMBER OF LOANS 103 20 45 4 45
3.47% 1.04% 1.61% 0.13% 1.76%
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*Delinquencies are inclusive of Foreclosures and Bankruptcies
REALIZED LOSS INFORMATION:
--------------------------------------------------------------------
GROUP 1 GROUP 2 TOTAL
----------------------------------
PRIOR REALIZED LOSSES: 0.00 0.00 0.00
PLUS: CURRENT REALIZED LOSSES 0.00 0.00 0.00
----------------------------------
CUMULATIVE REALIZED LOSSES: 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 1996-1
STATEMENT TO CERTIFICATEHOLDERS
- --------------------------------------------------------------------------------------------------------------------
DISTRIBUTION DATE: June 25, 1996
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GROUP 1 GROUP 2
-------------- -------------
BEGINNING NUMBER OF LOANS: 1907 949
ENDING NUMBER OF LOANS: 1865 921
BEGINNING PRINCIPAL BALANCE OF POOL: 167,166,939.97 93,601,208.67
ENDING PRINCIPAL BALANCE OF POOL: 163,543,649.53 89,529,209.93
GROUP FACTOR: 93.800846% 89.001662%
LARGEST LOAN BALANCE 0.00 0.00
WEIGHTED AVERAGE TERM TO MATURITY: 341.62 348.88
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 10.886737% 10.719078%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 10.880325% 10.725043%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 42 28
PRINCIPAL BALANCE: 3,404,112.25 4,031,031.75
AMOUNT PER $1000 CERTIFICATE: 54.694199 82.801630
PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 0.00 0.00
NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00 0.00
REO PROPERTY INFORMATION:
BOOK VALUE OF REAL ESTATE ACQUIRED THROUGH FORECLOSURE: 0.00 0.00
AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 0.00 0.00
NUMBER OF REO LOANS: 0 0
AVAILABLE FUNDS: 5,067,125.42 4,869,097.09
INSURED PAYMENT: 0.00 0.00
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
SCHEDULED PRINCIPAL: 82,619.79 40,966.99
PRINCIPAL PREPAYMENTS: 3,391,243.44 4,020,290.66
CURTAILMENTS: 12,868.81 10,741.09
SUBORDINATION INCREASE AMOUNT: 552,697.91 367,696.33
PRE-FUNDED AMOUNTS DISTRIBUTED AS PREPAYMENTS: 0.00 0.00
REMAINING PRE-FUNDING AMOUNT AVAILABLE (GROUP 1 ONLY): 0.00 0.00
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Page 3 of 4 -C- COPYRIGHT 1996 Bankers Trust Company
AMRESCO RESIDENTIAL SECURITIES CORPORATION
MORTGAGE LOAN TRUST
SERIES 1996-1
TRUSTEE DISTRIBUTION DATE STATEMENT
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DISTRIBUTION DATE: June 25, 1996
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GROUP 1 GROUP 2
------------ ------------
SUBORDINATION AMOUNTS:
SUBORDINATION AMOUNT: 2,643,081.45 1,579,411.18
REQUIRED SUBORDINATION AMOUNT: 3,922,919.94 2,263,336.64
EXCESS SUBORDINATION AMOUNT: 0.00 0.00
SUBORDINATION DEFICIT: 0.00 0.00
UNREIMBURSED MONTHLY ADVANCES: 0.00 0.00
CUMULATIVE LOSS PERCENTAGE 0.000000% 0.000000%
90+DELINQUENCY PERCENTAGE 1.007423% 0.590953%
INSURER PREMIUM AMOUNT: 20,634.18 11,548.69
TRUSTEE FEE AMOUNT: 174.13 97.50
INTEREST ADJUSTMENT TO SCHEDULED INTEREST 0.00 0.00
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Page 4 of 4 -C- COPYRIGHT 1996 Bankers Trust Company