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 48,787,568.08 249,019.88 3,194,900.16 3,443,920.04 0.00 0.00 45,592,667.92 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 87,949.798.75 428,377.08 2,652,381.60 3,080,758.68 0.00 0.00 85,297,417.15 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 - -------------------------------------------------------------------------------------------------------------------- TOTALS 274,944,000.00 248,850,366.83 1,280,504.32 5,847,281.76 7,127,786.08 0.00 0.00 243,003,085.07 - ----------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH PRIOR CURRENT RATES PRINCIPAL PRINCIPAL CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT - ----------------------------------------------------------------------------------------------------------------------- A-1 03215PAA7 783.874549 4.001026 51.332768 55.333795 732.541781 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 874.322001 4.258560 26.367719 30.626279 847.954282 5.844840% 5.817500% 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% - ----------------------------------------------------------------------------------------------------------------------- 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: June 26, 1996 Irvine, CA 92714 DISTRIBUTION DATE: July 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: July 25, 1996 - -------------------------------------------------------------------------------------------------------------------- GROUP 1 GROUP 2 ------- ------- SERVICER ADVANCES: 675,389.86 216,661.21 ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 68,143.19 37,303.84 PLUS ADDITIONAL SERVICING COMPENSATION: 0.00 0.00 --------- --------- TOTAL SERVICING FEES DUE MASTER SERVICER: 68,143.19 37,303.84 LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 3,272.25 3,616.37 LESS: DELINQUENT SERVICE FEES: 30,516.56 9,785.19 --------- --------- COLLECTED SERVICING FEES FOR CURRENT PERIOD: 34,354.38 23,902.28 0.124950 0.086935 - -------------------------------------------------------------------------------------------------------------------- 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 6,688,681.12 1,779,526.73 3,486,651.13 534,025.33 3,096,413.98 NUMBER OF LOANS 76 22 41 8 38 4.16% 1.11% 2.17% 0.33% 1.92% - -------------------------------------------------------------------------------------------------------------------- GROUP 2 (Adjustable Rate) - ------------------------- PRINCIPAL BALANCE 4,379,959.23 1,787,400.13 2,226,022.28 484,907.65 1,667,169.22 NUMBER OF LOANS 40 16 17 2 14 5.02% 2.05% 2.55% 0.56% 1.91% - -------------------------------------------------------------------------------------------------------------------- TOTAL - ----------------- PRINCIPAL BALANCE 11,068,640.35 3,566,926.86 5,712,673.41 1,018,932.98 4,763,583.20 NUMBER OF LOANS 116 38 58 10 52 4.46% 1.44% 2.30% 0.41% 1.92% - -------------------------------------------------------------------------------------------------------------------- *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 ---------------------------------- ---------------------------------- -------------------------------------------------------------------- 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: July 25, 1996 - -------------------------------------------------------------------------------------------------------------------- GROUP 1 GROUP 2 -------------- ------------- BEGINNING NUMBER OF LOANS: 1865 921 ENDING NUMBER OF LOANS: 1839 898 BEGINNING PRINCIPAL BALANCE OF POOL: 163,543,649.53 89,529,209.93 ENDING PRINCIPAL BALANCE OF POOL: 160,891,036.08 87,200,230.94 GROUP FACTOR: 92.279434% 86.686406% LARGEST LOAN BALANCE 0.00 0.00 WEIGHTED AVERAGE TERM TO MATURITY: 340.44 347.80 CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 10.880325% 10.725043% NEXT WEIGHTED AVERAGE MORTGAGE RATE: 10.872889% 10.733467% PRINCIPAL PREPAYMENTS: NUMBER OF LOANS (IF PAID IN FULL): 26 23 PRINCIPAL BALANCE: 2,570,203.67 2,288,534.00 AMOUNT PER $1000 CERTIFICATE: 41.295710 47.008894 PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 3,272.25 3,616.37 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: 4,067,310.33 3,091,845.66 INSURED PAYMENT: 0.00 0.00 CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN: SCHEDULED PRINCIPAL: 82,409.78 40,444.99 PRINCIPAL PREPAYMENTS: 2,551,075.79 2,284,077.98 CURTAILMENTS: 19,127.88 4,456.02 SUBORDINATION INCREASE AMOUNT: 542,286.71 323,402.61 PRE-FUNDED AMOUNTS DISTRIBUTED AS PREPAYMENTS: 0.00 0.00 REMAINING PRE-FUNDING AMOUNT AVAILABLE (GROUP 1 ONLY): 0.00 0.00 - --------------------------------------------------------------------------------------------------- Page 3 of 4 -C- COPYRIGHT 1996 Bankers Trust Company AMRESCO RESIDENTIAL SECURITIES CORPORATION MORTGAGE LOAN TRUST SERIES 1996-1 TRUSTEE DISTRIBUTION DATE STATEMENT - -------------------------------------------------------------------------------------------------------------------- DISTRIBUTION DATE: July 25, 1996 - -------------------------------------------------------------------------------------------------------------------- GROUP 1 GROUP 2 ------------ ------------ SUBORDINATION AMOUNTS: SUBORDINATION AMOUNT: 3,185,368.16 1,902,813.79 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 1.625581% 1.333616% INSURER PREMIUM AMOUNT: 20,112.57 10,993.72 TRUSTEE FEE AMOUNT: 170.36 93.26 INTEREST ADJUSTMENT TO SCHEDULED INTEREST 0.00 0.00 - 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