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 34,275,714.04 174,948.96 3,386,691.79 3,561,640.75 0.00 0.00 30,889,022.25
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 69,938,100.53 346,591.86 4,094,992.46 4,441,584.32 0.00 0.00 65,843,108.07
B-10 0.00 0.00 659,212.34 0.00 659,212.34 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 274,944,000.00 216,326,814.57 1,783,860.52 7,481,684.25 9,265,544.77 0.00 0.00 208,845,130.32
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 550.711195 2.810922 54.414303 57.225225 496.296892 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 695.265036 3.445521 40.708928 44.154449 654.556109 5.755000% 6.047970%
B-10 0.000000 2.397624 0.000000 2.397624 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: November 29, 1996 Irvine, CA 92714
DISTRIBUTION DATE: December 26, 1996 FACTOR INFORMATION: (800) 735-7777
Page 1 of 4
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1996-1
Statement To Certificateholders
Distribution Date: December 26, 1996
GROUP 1 GROUP 2 TOTALS
SERVICER ADVANCES:
INTEREST 773,324.27 271,869.78 1,045,194.05
PRINCIPAL 45,776.21 12,002.01 57,778.22
ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 62,629.84 30,083.93 92,713.77
PLUS ADDITIONAL SERVICING COMPENSATION: 0.00 0.00 0.00
TOTAL SERVICING FEES DUE MASTER SERVICER: 62,629.84 30,083.93 92,713.77
LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 2,878.63 9,178.18 12,056.81
LESS: DELINQUENT SERVICE FEES: 36,996.43 12,386.28 49,382.71
COLLECTED SERVICING FEES FOR CURRENT PERIOD: 22,754.78 8,519.47 31,274.25
0.082762 0.030986 0.113748
BEGINNING NUMBER OF LOANS: 1,714 757 2,471
ENDING NUMBER OF LOANS: 1,674 722 2,396
BEGINNING PRINCIPAL BALANCE OF POOL: 150,311,633.98 72,201,437.17 222,513,071.15
ENDING PRINCIPAL BALANCE OF POOL: 146,922,211.48 68,106,444.71 215,028,656.19
GROUP FACTOR: 84.267581% 67.705130% 78.207955%
LARGEST LOAN BALANCE: 477,983.06 396,625.57
WEIGHTED AVERAGE TERM TO MATURITY: 335.79 342.61
CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 10.855417% 11.318439% 11.005659%
NEXT WEIGHTED AVERAGE MORTGAGE RATE: 10.855023% 11.312192% 10.999823%
PRINCIPAL PREPAYMENTS:
NUMBER OF LOANS (IF PAID IN FULL): 40 35 75
PRINCIPAL BALANCE: 2,972,883.07 3,871,763.78 6,844,646.85
AMOUNT PER $1000 CERTIFICATE: 47.765598 79.530098 24.894694
PREPAYMENT INTEREST SHORTFALL AMOUNT
INCLUDED IN DISTRIBUTION: 2,878.63 9,178.18 12,056.81
NONCOVERED PREPAYMENT INTEREST SHORTFALL
FOR THIS DISTRIBUTION: 0.00 0.00 0.00
AVAILABLE FUNDS: 4,565,681.44 4,727,135.96 9,292,817.40
INSURED PAYMENT: 0.00 0.00 0.00
REMAINING PRE-FUNDING AMOUNT
AVAILABLE (GROUP 1 ONLY): 0.00 0.00
Page 2 of 4
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1996-1
Statement To Certificateholders
Distribution Date: December 26, 1996
GROUP 1 GROUP 2 TOTALS
CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN:
SCHEDULED PRINCIPAL: 79,481.25 29,298.00 108,779.25
PRINCIPAL PREPAYMENTS: 2,955,378.48 3,833,620.59 6,788,999.07
CURTAILMENTS: 17,504.59 38,143.19 55,647.78
REPURCHASES: 0.00 0.00 0.00
LIQUIDATION PROCEEDS: 216,200.76 175,151.79 391,352.55
SUBORDINATION INCREASE AMOUNT: 118,126.71 18,778.89 136,905.60
PRE-FUNDED AMOUNTS DISTRIBUTED AS PREPAYMENTS: 0.00 0.00 0.00
3,386,691.79 4,094,992.46 7,481,684.25
DELINQUENT AND LOANS LOANS
FORECLOSURE LOAN 30 TO 59 60 TO 89 90 91+ IN IN
INFORMATION* DAYS DAYS DAYS DAYS BANKRUPTCY FORECLOSURE
GROUP 1 (Fixed Rate)
PRINCIPAL BALANCE 5,548,128.49 4,630,123.63 2,748,181.73 7,311,074.62 2,768,738.06 5,177,739.80
NUMBER OF LOANS 74 47 26 83 35 56
3.78% 3.15% 1.87% 4.98% 1.88% 3.52%
GROUP 2 (Adjustable Rate)
PRINCIPAL BALANCE 3,032,455.13 544,223.97 715,761.78 3,936,982.30 1,410,374.04 2,752,114.96
NUMBER OF LOANS 37 8 5 36 14 24
4.45% 0.80% 1.05% 5.78% 2.07% 4.04%
TOTAL
PRINCIPAL BALANCE 8,580,583.62 5,174,347.60 3,463,943.51 11,248,056.92 4,179,112.10 7,929,854.76
NUMBER OF LOANS 111 55 31 119 49 80
3.99% 2.41% 1.61% 5.23% 1.94% 3.69%
*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: 1,441,756.09 670,156.13 2,111,912.22
AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 1,464,819.58 639,838.11 2,104,657.69
NUMBER OF REO LOANS: 14 7 21
NEW REO PROPERTIES: TOTAL NUMBER: 4
DATE OF SCH. PRIN.
GROUP LOAN NUMBER ACQUISITION BOOK VALUE BALANCE
1 1708474 11/27/96 $ 94,914.43 $ 94,234.30
1 1980481 12/06/96 $138,189.61 $137,518.91
1 1268366 12/11/96 $ 65,291.37 $ 64,429.64
2 9169137 12/06/96 $246,427.63 $239,649.27
Page 3 of 4
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1996-1
Statement To Certificateholders
Distribution Date: December 26, 1996
LIQUIDATED LOANS: TOTAL NUMBER: 5
DATE OF
GROUP LOAN NUMBER SALE BALANCE
1 1193184 11/27/96 $ 39,568.99
1 1808724 11/27/96 $101,305.01
1 1843945 11/22/96 $ 69,357.02
1 1861954 12/06/96 $126,827.16
2 9190075 12/09/96 $193,930.68
GROUP 1 GROUP 2 TOTALS
SUBORDINATION AMOUNTS:
SUBORDINATED AMOUNT after all payments and transfers: 3,920,189.23 2,263,336.64 6,183,525.87
REQUIRED SUBORDINATION AMOUNT: 3,920,189.23 2,263,336.64 6,183,525.87
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: 0.071144% 0.033787%
90+ DELINQUENCY PERCENTAGE: 5.118907% 5.489679%
INSURER PREMIUM AMOUNT: 18,298.59 8,742.26 27,040.85
TRUSTEE FEE AMOUNT: 156.57 75.21 231.78
REALIZED LOSS INFORMATION:
GROUP 1 GROUP 2 TOTAL
PRIOR REALIZED LOSSES: 3,097.61 15,207.95 18,305.56
PLUS: CURRENT REALIZED LOSSES 120,857.42 18,778.89 139,636.31
CUMULATIVE REALIZED LOSSES: 123,955.03 33,986.84 157,941.87
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COPYRIGHT 1996 Bankers Trust Company