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