AMRESCO Residential Securities Corporation Mortgage Loan Trust Series 1996-1 Statement to Certificateholders Distributions in Dollars PRIOR CURRENT ORIGINAL PRINCIPAL REALIZED DEFERRRED PRINCIPAL CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE A-1 62,239,000.00 30,889,022.25 157,662.72 3,685,897.35 3,843,560.07 .00 .00 27,203,124.90 A-2 48,683,000.00 48,683,000.00 246,457.69 .00 246,457.69 .00 .00 48,683,000.00 A-3 20,123,000.00 20,123,000.00 107,741.90 .00 107,741.90 .00 .00 20,123,000.00 A-4 24,091,000.00 24,091,000.00 136,013.77 .00 136,013.77 .00 .00 24,091,000.00 A-5 19,216,000.00 19,216,000.00 112,894.00 .00 112,894.00 .00 .00 19,216,000.00 A-6 100,592,000.00 65,843,108.07 353,970.79 4,042,115.90 4,396,086.69 .00 .00 61,800,992.17 B-10 .00 .00 657,816.08 .00 657,816.08 .00 .00 0.00 R .00 .00 .00 .00 .00 .00 .00 0.00 TOTALS 274,944,000.00 208,845,130.32 1,772,556,95 7,728,013.25 9,500,570.20 .00 .00 201,117,117.07 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 496.296892 2.533182 59.221667 61.754849 437.075225 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 654.556109 3.518876 40.183274 43.702150 614.372835 6.047970% 5.817500% B-IO 0.000000 2.392546 0.000000 2.392546 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: December 31, 1996 Irvine, CA 92714 DISTRIBUTION DATE: January 27, 1997 FACTOR INFORMATION: (800) 735-7777 AMRESCO Residential Securities Corporation Mortgage Loan Trust Series 1996-1 Statement To Certificateholders Distribution Date: January 27, 1997 Group 1 Group 2 Totals SERVICER ADVANCES: INTEREST 682,588.23 227,297.09 909,885.32 PRINCIPAL 40,227.03 10,312.78 50,539.81 ACCRUED SERVICING FEE FOR THE CURRENT PERIOD: 61,217.59 28,377.69 89,595.28 PLUS ADDITIONAL SERVICING COMPENSATION: 0.00 0.00 0.00 TOTAL SERVICING FEES DUE MASTER SERVICER: 61,217.59 28,377.69 89,595.28 LESS: AMOUNTS TO COVER INTEREST SHORTFALLS: 4,559.42 6,190.18 10,749.60 LESS: DELINQUENT SERVICE FEES: 32,636.52 10,292.96 42,929.48 COLLECTED SERVICING FEES FOR CURRENT PERIOD: 24,021.65 11,894.55 35,916.20 0.087369 0.043262 0.130631 BEGINNING NUMBER OF LOANS: 1,674 722 2,396 ENDING NUMBER OF LOANS: 1,628 686 2,314 BEGINNING PRINCIPAL BALANCE OF POOL: 146,922,211.48 68,106,444.71 215,028,656.19 ENDING PRINCIPAL BALANCE OF POOL: 143,236,314.13 64,064,328.81 207,300,642.94 GROUP FACTOR: 82.153526% 63.686832% 75.397204% LARGEST LOAN BALANCE: 477,781.36 396,462.13 WEIGHTED AVERAGE TERM TO MATURITY: 334.63 341.41 CURRENT WEIGHTED AVERAGE MORTGAGE RATE: 10.855023% 11.312192% 10.999823% NEXT WEIGHTED AVERAGE MORTGAGE RATE: 10.836819% 11.323973% 10.987369% PRINCIPAL PREPAYMENTS: NUMBER OF LOANS (IF PAID IN FULL): 46 36 82 PRINCIPAL BALANCE: 3,607,007.76 3,889,736.29 7,496,744.05 AMOUNT PER $1000 CERTIFICATE: 57.954141 79.899273 27.266440 PREPAYMENT INTEREST SHORTFALL AMOUNT INCLUDED IN DISTRIBUTION: 4,559.42 6,190.18 10,749.60 NONCOVERED PREPAYMENT INTEREST SHORTFALL FOR THIS DISTRIBUTION: 0.00 0.00 0.00 AVAILABLE FUNDS: 4,953,716.43 4,573,183.39 9,526,899.82 INSURED PAYAMENT: 0.00 0.00 0.00 REMAINING PRE-FUNDING AMOUNT AVAILABLE (GROUP 1 ONLY) 0.00 0.00 AMRESCO Residential Securities Corporation Mortgage Loan Trust Series 1996-1 Statement To Certificateholders Distribution Date: January 27, 1997 GROUP 1 GROUP 2 TOTALS CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN: SCHEDULED PRINCIPAL: 78,889.59 28,278.53 107,168.12 PRINCIPAL PREPAYMENTS: 3,587,043.00 3,852,701.65 7,439,744.65 CURTAILMENTS: 19,964.76 37,034.64 56,999.40 REPURCHASES: 0.00 0.00 0.00 LIQUIDATION PROCEEDS: 0.00 41,838.92 41,838.92 SUBORDINATION INCREASE AMOUNT: 0.00 82,262.16 82,262.16 PRE-FUNDED AMOUNTS DISTRIBUTED AS PREPAYMENTS: 0.00 0.00 0.00 3,685,897.35 4,042,115.90 7,728,013.25 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 6,272,187.67 2,471,885.65 2,539,298.41 9,055,077.39 3,414,289.80 6,961,347.04 NUMBER OF LOANS 60 34 27 96 41 70 4.38% 1.73% 1.77% 6.32% 2.38% 4.86% GROUP 2 (Adjustable Rate) PRINCIPAL BALANCE 2,644,299.18 1,268,952.70 224,840.78 4,136,667.63 1,477,348.08 2,876,286.76 NUMBER OF LOANS 35 13 3 38 15 26 4.13% 1.98% 0.35% 6.46% 2.31% 4.49% TOTAL PRINCIPAL BALANCE 8,916,486.85 3,740,838.35 2,764,139.19 13,191,745.02 4,891,637.88 9,837,633.80 NUMBER OF LOANS 95 47 30 134 56 96 4.30% 1.80% 1.33% 6.36% 2.36% 4.75% *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: 1,635,145.49 711,602.43 2,346,747.92 AGGREGATE PRINCIPAL BALANCE OF REO LOANS: 1,657,674.96 679,675.07 2,337,350.03 NUMBER OF REO LOANS: 16 7 23 NEW REO PROPERTIES: TOTAL NUMBER: 4 DATE OF SCH. PRIN. GROUP LOAN NUMBER ACQUISITION BOOK VALUE BALANCE 1 1865195 12/31/96 122,118.17 121,772.17 1 1706670 12/18/95 71,928.94 71,740.92 2 9162157 134,385.45 132,776.11 2 9186834 37,471.12 31,358.79 AMRESCO Residential Securities Corporation Mortgage Loan Trust Series 1996-1 Statement To Certificateholders Distribution Date: January 27, 1997 LIQUIDATED LOANS: TOTAL NUMBER: 2 DATE OF GROUP LOAN NUMBER SALE BALANCE 2 9168956 01/13/97 52,856.63 2 9182973 12/18/96 71,244.45 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: 0.00 320.30 320.30 CUMULATIVE LOSS PERCENTAGE: 0.071144% 0.000000% 90+ DELINQUENCY PERCENTAGE: 7.011294% 7.018114% INSURER PREMIUM AMOUNT: 17,875.25 8,230.39 26,105.64 TRUSTEE FEE AMOUNT: 153.04 70.94 223.98 REALIZED LOSS INFORMATION: GROUP 1 GROUP 2 TOTAL PRIOR REALIZED LOSSES: 123,955.03 33,986.84 157,941.87 PLUS: CURRENT REALIZED LOSSES 0.00 82,262.16 82,262.16 CUMULATIVE REALIZED LOSSES: 123,955.03 0.00 240,204.03 COPYRIGHT 1996 BANKERS TRUST COMPANY