May 13, 1998 Securities and Exchange Commission Judiciary Plaza 450 Fifth Street, N.W. Washington, D.C. 20549 Re: AMRESCO Residential Securities Corporation Mortgage Trust 1998-1; File No. 333-30759. Ladies and Gentlemen: Enclosed herewith for filing on behalf of the trust fund (the "Trust") created pursuant to a Pooling and Servicing Agreement dated as of February 1, 1998 (the "Pooling and Servicing Agreement") relating to AMRESCO Residential Securities Corporation Loan Trust 1998-1, by and among AMRESCO Residential Securities Corporation, in its capacity as Depositor (the "Depositor"), AMRESCO Residential Capital Markets, Inc., in its capacity as the Seller (the "Seller"), Advanta Mortgage Corp. USA, Ameriquest Mortgage Company and Wendover Financial Services Corporation as the Servicers (collectively, the "Servicers") and Bankers Trust Company, in its capacity as Trustee (the "Trustee). The AMRESCO Residential Securities Corporation Loan Mortgage Pass-Through Certificates, Series 1998-1 (the Certificates") will consist of (i) the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates and Class A-7 Certificates (collectively, the "Class A Certificates"); (ii) the Class M-1F Certificates and the Class M-1A Certificates (collectively, the "Class M-1 Certificates"); (iii) the Class M-2F Certificates and the Class M-2A Certificates (collectively, the "Class M-2 Certificates", and, collectively with the Class M-1 Certificates, the "Mezzanine Certificates"); (iv) the Class B-1F Certificates and the Class B-1A Certificates (collectively, the Class B-1 Certificates"), (v) the Class C-FIO and Class C-AIO Certificates (collectively, the "Class C-IO Certificates" and, collectively with the Mezzanine Certificates and the Class B-1 Certificates, the "Subordinate Certificates"); (vi) the Class S Certificates; (vii) the Class D Certificates and (viii) the residual class with respect to each REMIC held by the Trust (the "Class R Certificates," and together with the Class C-IO Certificates, the Class D Certificates and the Class S Certificates, the "Private Certificates"). Only the Class A Certificates, the Mezzanine Certificates and the Class B01 Certificates (collectively, the "Offered Certificates") are offered hereby. The Offered Certificates were registered under the Securities Act of 1933, as amended, by a Registration Statement on Form S-11 (File No. 333-30759). As a result, the Trust is subject to the filing requirements of Section 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Trust intends to fulfill these filing requirements in the manner described herein: The Trust will file, promptly after each Distribution Date (as defined in the Pooling and Servicing Agreement), a Current Report on Form 8-K in substantially the form enclosed herewith, including as an exhibit thereto the applicable Distribution Date report. Each such Current Report will also disclose under Item 5 any matter occurring during the relevant reporting period which would be reportable under Item 1, 2, 4 or 5 of Part II of Form 10-Q. The Trust will file a Current Report on Form 8-K promptly after the occurrence of any event described under Item 2, 3, 4 or 5 thereof, responding to the requirements of the applicable Item. Within 90 days after the end of each fiscal year, the Trust will file an annual report of Form 10-K which responds to Items 2, 3, and 4 of Part I, Items 5 and 9 of Part II, Items 12 and 13 of Part III and Item 14 of Part IV thereof, and include as exhibits thereto certain information from the Distribution Date reports aggregated for such year and a copy of the independent accountants' annual compliance statement required under the Pooling and Servicing Agreement. The Trust will follow the above procedures except for any fiscal year as to which its reporting obligations under Section 15(d) of the Exchange Act have been suspended pursuant to such Section. In such event, the Trust will file a Form 15 as required under Rule 15d-6. Should you wish to discuss the above filing procedures, please call Judy L. Gomez at (714) 253-7562. Sincerely, /s/ Judy L. Gomez Assistant Vice President Bankers Trust Company of California, N.A. S.E.C. Reporting Agent for AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-1. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 25, 1998 					AMRESCO RESIDENTIAL SECURITIES CORPORATION AMRESCO Residential Securities Corporation, in its capacity as Depositor (the "Depositor"), AMRESCO Residential Capital Markets, Inc., in its capacity as the Seller (the "Seller"), Advanta Mortgage Corp. USA, Ameriquest Mortgage Company and Wendover Financial Services Corporation as the Servicers (collectively, the "Servicers") and Bankers Trust Company, in its capacity as Trustee (the "Trustee). under the Pooling and Servicing Agreement, dated as of February 1, 1998, providing for the issuance of the Mortgage Loan Pass-Through Certificates, Series 1998-1 AMRESCO Residential Securities Corporation Mortgage Loan Trust 1998-1 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-30759 75-2620414 (Commission File Number) (I.R.S. Employer Identification No.) 700 NORTH PEARL STREET SUITE 1400, LB # 342 DALLAS, TEXAS 			75201-7424 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (214) 953-7700 Item 5. Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 7. Financial Statement and Exhibits Exhibits: (as noted in Item 5 above) 	Monthly Report to Certificateholders as to distributions made on March 25, 1998. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Bankers Trust Company, not in its individual capacity, but solely as a duly authorized agent of the Registrant pursuant to the Pooling and Servicing Agreement, dated as of February 1, 1998. Date: May 13, 1998 By: /s/ Judy L. Gomez Judy L. Gomez Assistant Vice President EXHIBIT INDEX Sequential Document Page Number Monthly Remittance Statement to the Certificateholders 5 dated as of March 25, 1998. AMRESCO RESIDENTIAL SECURITIES CORP. MORTGAGE LOAN TRUST SERIES 1998-1 REMIC LT STATEMENT TO CERTIFICATE HOLDERS DISTRIBUTIONS IN DOLLARS	 	CLASS 		FACE VALUE	BALANCE		INTEREST		PRINCIPAL 	LT A1	 156,000,000.00 156,000,000.00 1,165,279.06	2,225,164.64 	LT A2		25,000,000.00	25,000,000.00	 185,786.48	 0.00 	LT-A3		78,500,000.00	78,500,000.00	 583,369.56	 0.00 	LT-A4		22,500,000.00	22,500,000.00	 167,207.83		 0.00 	LT-A5		32,000,000.00	32,000,000.00	 237,806.70		 0.00 	LT-A6		30,000,000.00 30,000,000.00	 222,943.78		 0.00 	LT-A7	 486,000,000.00 486,000,000.00	3,521,859.77	3,521,859.21 	LT-M1F		22,000,000.00	22,000,000.00	 164,334.23 	 0.00 	LT-M1A		48,000,000.00	48,000,000.00	 347,838.01 0.00 	LT-M2F		18,000,000.00	18,000,000.00	 134,455.28 0.00 	LT-M2A		36,000,000.00 36,000,000.00 	 260,878.50 0.00 	LT-B1F	 	16,000,000.00 16,000,000.00 	 119,515.80 0.00 	LT-B1A		30,000,000.00 30,000,000.00	 217,398.75 0.00 	LT-R		 	 .00	 .00	 .00	 0.00 Totals 	 1,000,000,000.00 1,000,000,000.00 7,328,673.75 10,495,493.85 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	LT-A1	 3,390,443.70		0.00			0.00		 153,774,835.36 	LT-A2	 185,786.48		0.00			0.00			25,000,000.00 	LT-A3	 583,369.56		0.00			0.00			78,500,000.00 	LT-A4	 167,207.83		0.00			0.00			22,500,000.00 	LT-A5	 237,806.70		0.00			0.00			32,000,000.00 	LT-A6	 222,943.78		0.00			0.00			30,000,000.00 	LT-A7	11,792,188.98		0.00			0.00		 477,729,670.79 	LT-M1F	 164,334.23		0.00			0.00			22,000,000.00 	LT-M1A	 347,838.01		0.00			0.00			48,000,000.00 	LT-M2F	 134,455.28		0.00			0.00			18,000,000.00 	LT-M2A 260,878.50		0.00			0.00		 	36,000,000.00 	LT-B1F 	 119,515.80		0.00			0.00			16,000,000.00 	LT-B1A	 217,398.75		0.00			0.00		 	30,000,000.00 	LT-R 	 	 0.00		0.00			0.00				 0.00 		 Totals 17,824,167.60	 0.00 0.00 989,504,506.15 		 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 				 					 PRIOR								 					 PRINCIPAL								 	CLASS	CUSIP 	 BALANCE		INTEREST	PRINCIPAL		TOTAL	 	LT-A1			1,000.000000	7.469738	14.263876		21.733613	 	LT-A2			1,000.000000	7.431459	 0.000000		 7.431459	 	LT-A3			1,000.000000	7.431459	 0.000000		 7.431459	 	LT-A4			1,000.000000	7.431459	 0.000000		 7.431459 	LT-A5			1,000.000000	7.431459	 0.000000		 7.431459	 	LT-A6			1,000.000000	7.431459 	 0.000000		 7.431459 	LT-A7			1,000.000000	7.246625	17.017138		24.263763 	LT-M1F		 	1,000.000000	7.469738	 0.000000		 7.469738	 	LT-M1A		 	1,000.000000	7.246625	 0.000000		 7.246625 	LT-M2F		 	1,000.000000	7.469738	 0.000000		 7.469738 	LT-M2A		 	1,000.000000	7.246625	 0.000000		 7.246625 	LT-B1F		 	1,000.000000	7.469738	 0.000000		 7.469738 	LT-B1A			1,000.000000	7.246625	 0.000000		 7.246625 	LT-R			 	 0.000000	0.000000	 0.000000		 0.000000	 	 			CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	LT-A1	985.736124 10.051509%	 10.044680% 	LT-A2 1,000.000000 10.051509%	 10.044680% 	LT-A3 1,000.000000 10.051509%	 10.044680%	 	LT-A4 1,000.000000 10.051509%	 10.044680%	 	LT-A5 1,000.000000 10.051509%	 10.044680%	 	LT-A6 1,000.000000 10.051509%	 10.044680%	 	LT-A7 	982.982862	9.751281%		9.746758%	 	LT-M1F 1,000.000000 10.051509%	 10.044680% 	LT-M1A 1,000.000000	9.751281%		9.746758% 	LT-M2F 1,000.000000 10.051509%	 10.044680%	 	LT-M2A 1,000.000000	9.751281%		9.746758%	 	LT-B1F 1,000.000000 10.051509%	 10.044680% 	LT-B1A 1,000.000000	9.751281%		9.746758% 	LT-R		 0.000000	0.000000%		0.000000% Seller:	Amresco Residential Securities Corp. Administrator: Tito Escobedo Servicer:		Advanta/Ameriquest/Wendover,Inc. Bankers Trust Company Lead Underwriter: Credit Suisse First Boston 3 Park Plaza Record Date: February 28, 1998 Irvine, CA 92614 Distribution Date: March 25,1998 	Factor Information (800)735-7777 AMRESCO RESIDENTIAL SECURITIES CORP. MORTGAGE LOAN TRUST SERIES 1998-1 REMIC UT STATEMENT TO CERTIFICATE HOLDERS DISTRIBUTIONS IN DOLLARS	 	CLASS 		FACE VALUE	BALANCE		INTEREST		PRINCIPAL 	LT A1	 156,000,000.00 156,000,000.00 846,300.00	2,225,344.45 	LT A2		25,000,000.00	25,000,000.00	 131,250.00	 0.00 	LT-A3		78,500,000.00	78,500,000.00	 418,666.67	 0.00 	LT-A4		22,500,000.00	22,500,000.00	 122,812.50		 0.00 	LT-A5		32,000,000.00	32,000,000.00	 188,533.33		 0.00 	LT-A6		30,000,000.00 30,000,000.00	 162,750.00		 0.00 	LT-A7	 486,000,000.00 486,000,000.00	3,224,137.50	8,270,979.15 	M-1F			22,000,000.00	22,000,000.00	 128,333.33 	 0.00 	M-1A			48,000,000.00	48,000,000.00	 331,006.67 0.00 	M-2F			18,000,000.00	18,000,000.00	 108,600.00 0.00 	M-2A			36,000,000.00 36,000,000.00 	 257,275.00 0.00 	B-1F	 		16,000,000.00 16,000,000.00 	 101,466.67 0.00 	B-1A			30,000,000.00 30,000,000.00	 233,187.50 0.00 	C-FIO*		40,000,000.00	40,000,000.00 500,000.00	 0.00 	C-AIO*		66,000,000.00	66,000,000.00	 512,636.66		 0.00 	D				 0.00		 0.00		 0.00		 0.00 	S				 0.00		 0.00	 60,888.17		 0.00 	R				 0.00		 0.00		 0.00		 0.00 Totals 	 1,000,000,000.00 1,000,000,000.00 7,327,844.00 10,496,323.60 	*REPRESENTS A NOTIONAL BALANCE 			TOTAL			REALIZED		DEFERRED		CURRENT 							LOSSES		INTEREST		PRINCIPAL 													BALANCE	 	A-1		 3,071,644.45		0.00			0.00		 153,774,655.36 	A-2		 131,250.00		0.00			0.00			25,000,000.00 	A-3		 418,666.67		0.00			0.00			78,500,000.00 	A-4		 122,812.50		0.00			0.00			22,500,000.00 	A-5		 188,533.33		0.00			0.00			32,000,000.00 	A-6		 162,750.00		0.00			0.00			30,000,000.00 	A-7		11,495,116.65		0.00			0.00		 477,729,670.79 	M-1F		 128,333.33		0.00			0.00			22,000,000.00 	M-1A		 331,006.67		0.00			0.00			48,000,000.00 	M-2F		 108,600.00		0.00			0.00			18,000,000.00 	M-2A	 257,275.00		0.00			0.00		 	36,000,000.00 	B-1F 	 101,466.67		0.00			0.00			16,000,000.00 	B-1A		 233,187.50		0.00			0.00		 	30,000,000.00 	C-FIO*	 500,000.00		0.00			0.00			40,000,000.00 	C-AIO*	 512,636.66		0.00			0.00			66,000,000.00 	D		 	 0.00		0.00			0.00				 0.00 	S		 60,888.17		0.00			0.00				 0.00 	R			 0.00		0.00			0.00				 0.00 Totals 17,824,167.60	 0.00 0.00 989,503,676.40 *REPRESENTS A NOTIONAL BALANCE FACTOR INFORMATION PER $1000 OF ORIGINAL FACE 				 					 PRIOR								 					 PRINCIPAL								 	CLASS	CUSIP 	 BALANCE		INTEREST	PRINCIPAL		TOTAL	 	A1	 03215PDH9	1,000.000000	5.425000	14.263876		19.733613	 	A2	 03215PDJ5	1,000.000000	5.250000	 0.000000		 5.431459	 	A3	 03215PDK2	1,000.000000	5.333333	 0.000000		 5.431459	 	A4	 03215PDL0	1,000.000000	5.458333	 0.000000		 5.431459 	A5	 03215PDM8	1,000.000000	5.891667	 0.000000		 5.431459	 	A6	 03215PDN6	1,000.000000	5.425000 	 0.000000		 5.431459 	A7	 03215PDS5	1,000.000000	6.634028	17.017138		23.263763 	M1F	 03215PDP1	1,000.000000	5.833333	 0.000000		 5.469738	 	M1A	 03215PDT3	1,000.000000	6.895972	 0.000000		 6.246625 	M2F	 03215PDQ9	1,000.000000	6.033333	 0.000000		 6.469738 	M2A	 03215PDU0	1,000.000000	7.146528	 0.000000		 7.246625 	B1F	 03215PDR7	1,000.000000	6.341667	 0.000000		 6.469738 	B1A	 03215PDV8	1,000.000000	7.772917	 0.000000		 7.246625 	C-FIO* AO9801114	1,000.000000 12.500000	 0.000000		12.000000	 	C-AIO* AO9801115	1,000.000000	7.767222	 0.000000		 7.767222 	D	 AO9801116	 0.000000	0.000000	 0.000000		 0.000000 	S	 AO9801117	 0.000000	0.060888	 0.000000		 0.060888 	R	 AO9801118	 0.000000	0.000000	 0.000000		 0.000000 			CURRENT		PASS THROUGH 			PRINCIPAL		RATES 			BALANCE		CURRENT		NEXT 	A1		985.734971 6.510000%	 6.510000% 	A2	 1,000.000000 6.300000%	 6.300000% 	A3	 1,000.000000 6.400000%	 6.400000%	 	A4	 1,000.000000 6.550000%	 6.550000%	 	A5	 1,000.000000 7.070000%	 7.070000%	 	A6	 1,000.000000 6.510000%	 6.510000%	 	A7 	982.981524	5.825000%		5.887500%	 	M1F	 1,000.000000 7.000000%	 7.000000% 	M1A	 1,000.000000	6.055000%		6.117500% 	M2F	 1,000.000000 7.240000%	 7.240000%	 	M2A	 1,000.000000	6.275000%		6.337500%	 	B1F	 1,000.000000 7.610000%	 7.610000% 	B1A	 1,000.000000	6.825000%		6.887500% 	C-FIO* 1,000.000000 15.000000%	 15.000000% 	C-AIO* 1,000.000000	6.820000%		6.820000% 	D		 0.000000	0.000000%		0.000000% 	S		 0.000000	0.000000%		0.000000% 	R		 0.000000		0.000000%		0.000000% Seller:	Amresco Residential Securities Corp. Administrator: Tito Escobedo Servicer:		Advanta/Ameriquest/Wendover,Inc. Bankers Trust Company Lead Underwriter: Credit Suisse First Boston 3 Park Plaza Record Date: February 28, 1998 Irvine, CA 92614 Distribution Date: March 25,1998 	Factor Information (800)735-7777 AMRESCO RESIDENTIAL SECURITIES CORPORATION MORTGAGE LOAN TRUST SERIES 1998-1 STATEMENT TO CERTIFICATE HOLDERS DISTRIBUTION DATE:	MARCH 25, 1998 								GROUP I		GROUP II		TOTALS SERVICER ADVANCES: 			INTEREST			 350,305.64	 619,828.19	970,133.83 			PRINCIPAL			 24,478.73	 32,779.79	 55,258.52 ACCRUED SERVICING FEE FOR THE CURRENT PERIOD:			 102,023.04	 159,632.09	261,655.13 PLUS ADDITIONAL SERVICING COMPENSATION:						 0.00		 0.00		 0.00 TOTAL SERVICING FEES DUE MASTER SERVICER:				 102,023.04	 159,632.09	261,655.13 LESS: AMOUNTS TO COVER INTEREST SHORTFALLS:				2,119.56		8,037.75	 10,157.31 LESS: DELINQUENT SERVICE FEES:	 12,798.25	 24,748.11	 37,546.36 COLLECTED SERVICING FEES FOR CURRENT PERIOD:				 87,105.23	 126,846.23	213,951.46 BEGINNING NUMBER OF LOANS:			4,225		4,455		 8,680 ENDING NUMBER OF LOANS:				4,186		4,384		 8,570 BEGINNING LOAN BALANCE:	 302,426,527.47 473,668,841.72	776,095,369.19 ENDING LOAN BALANCE		 300,201,362.83 465,398,512.51	765,599,875.34 BEGINNING PRE-FUNDING BALANCE: 97,573,472.53 126,331,158.28 223,904,630.81 ENDING LOAN PRE-FUNDING BALANCE: 97,573,472.53 126,331,158.28 223,904,630.81 WEIGHTED AVERAGE COUPON RATE:			10.5515%		10.2513%	10.3683% EXTRA PRINCIPAL DISTRIBUTION AMOUNT:	179.81		649.94		829.75 OVERCOLLATERIZED AMOUNT:				179.81		649.94		829.75 TARGETED OVERCOLLATERALIZED AMOUNT:						7,000,000.00 14,000,000.00	21,400,000.00 SUSTITUTION AMOUNT:					0.00			0.00			0.00 LOAN PURCHASE PRICE AMOUNTS			0.00			0.00			0.00 SENIOR ENHANCEMENT PERCENTAGE:	14.0784%		 19.2657% IS TRIGGER EVENT OCCURING:			 NO			NO AGGREGATE AMOUNT ON DEPOSIT IN CERTIFICATE ACCOUNT:			17,824,167.60 CLASS D DISTRIBUTION AMOUNT:									 0.00 CURRENT PERIODS ONE-MONTH LIBOR:								5.6250% NEXT PERIODS ONE-MONTH LIBOR:									5.6875% AMRESCO RESIDENTIAL SECURITIES CORPORATION MORTGAGE LOAN TRUST SERIES 1998-1 STATEMENT TO CERTIFICATEHOLDERS DISTRIBUTION DATE:		MARCH 25, 1998 DELINQUENT AND FORECLOSURE LOAN			30 TO 59		60 TO 89		90		90+ INFORMATION*				 DAYS		 DAYS	 DAYS	 DAYS 	GROUP I (FIXED RATE) PRINCIPAL BALANCE		5,737,383.31	 3,881,292.42 1,909,412.42 107,410.37 % OF TOTAL GROUP I LOAN BALANCE:				1.90%		1.28%		0.63%	0.00% NUMBER OF LOANS			 87			 55			 36		 2 % OF TOTAL GROUP I LOANS		2.06%		1.30%		0.85%	0.00% GROUP II (ADJUSTABLE RATE) PRINCIPAL BALANCE:	 10,604,212.56	 8,504,993.01	5,651,560.97	0.00 NUMBER OF LOANS			108			 79			 53		 0 % OF TOTAL GROUP 2 LOANS		2.42%		1.77%		1.19%	0.00% TOTAL PRINCIPAL BALANCE:			 16,341,595.87 12,386,285.83	7,560,973.39 107,410.37 % OF TOTAL LOAN BALANCE		2.11%		1.60%		0.97%	0.01% TOTAL NUMBER OF LOANS		195			134			 89		 2 % OF TOTAL LOAN BALANCE		2.25%		1.54%		1.03%	0.02 DISTRIBUTION DATE:		MARCH 25, 1998 DELINQUENT AND								LOANS			LOANS FORECLOSURE LOAN							 IN				 IN INFORMATION*							 BANKRUPTCY		 BANKRUPTCY 	GROUP I (FIXED RATE) PRINCIPAL BALANCE						690,741.09		1,700,957.25 % OF TOTAL GROUP I 							 LOAN BALANCE:								0.23%			 0.56% NUMBER OF LOANS							9				 31 % OF TOTAL GROUP I LOANS						0.21%			 0.73% GROUP II (ADJUSTABLE RATE) PRINCIPAL BALANCE:						920,714.40		3,054,723.69 % OF TOTAL GROUP II LOAN BALANCE				0.19%			0.64% NUMBER OF LOANS							8				 33 % OF TOTAL GROUP 2 LOANS						0.18%			 0.74% 					 30 TO 59	 60 TO 89		90		 90+ 					 DAYS		 DAYS	 	 DAYS		 DAYS TOTAL PRINCIPAL 		 BALANCE:			16,341,595.87	12,386,285.83	7,560,973.39	107,410.37 % OF TOTAL LOAN BALANCE:		2.11%		1.60%		0.97%	 0.01% TOTAL NUMBER OF LOANS:		195			134			89		 2 % OF TOTAL LOAN BALANCE:		2.25%		1.54%		1.03%	 0.02% 							 LOANS		 	 LOANS 							 IN			 IN 							BANKRUPTCY		BANKRUPTCY TOTAL PRINCIPAL BALANCE:			1,611,455.49		4,755,680.94 % OF TOTAL LOAN BALANCE:				0.21%			0.61% TOTAL NUMBER OF LOANS:				17				64 % OF TOTAL LOAN BALANCE:				0.20%			0.74% *DELINQUENCIES ARE INCLUSIVE OF FORECLOSURES, BANKRUPTCIES AND REO PROPERTY 									 90 DAYS			90+ DAYS MORTGAGE LOAN SERVICING GROUP: ADVANTA PRINCIPAL BALANCE:						6,767,871.53	 107,410.37 NUMBER OF LOANS							78				2 MORTGAGE LOAN SERVICING GROUP: AMERIQUEST PRINCIPAL BALANCE:						 221,631.48			0.00 NUMBER OF LOANS:							3				0 MORTGAGE LOAN SERVICING GROUP: WENDOVER PRINCIPAL BALANCE:						 571,470.38			0.00 NUMBER OF LOANS:							8				0 GROUP I 60+ DAY DELINQUENT BALANCE:						5,898,115.61 GROUP II 60+ DAY DELINQUENT BALANCE:					 14,156,553.98 REO LOAN INFORMATION:					GROUP I		GROUP II	TOTAL 	BOOK VALUE OF REAL ESTATE ACQUIRED 	THROUGH FORECLOSURE:				0.00			 0.00	 0.00 	AGGREGATE PRINCIPAL BALANCE 	OF REO LOANS:						0.00			 0.00	 0.00 	NUMBER OF REO LOANS:				 0			 0			 0 ADVANTA 90+ DELINQUENT PERCENTAGE:								0.47% AMERIQUEST 90+ DELINQUENT PERCENTAGE:							0.21% WENDOVER 90+ DELINQUENT PERCENTAGE:							0.08% 									GROUP I	GROUP II		TOTAL CLASS A PRINCIPAL DISTRIBUTION BREAKDOWN: SCHEDULED PRINCIPAL:			 212,886.38	 216,920.67 429,807.05 PRINCIPAL REPAYMENTS:			1,896,905.70 7,998,706.86 9,895,612.56 CURTAILMENTS:					 62,882.68	 54,701.68	117,584.36 REPURCHASES:					 52,489.88	 	 0.00	 52,489.88 LIQUIDATION PROCEEDS:				 0.00		 0.00		 0.00 EXTRA PRINCIPAL DISTRIBUTION AMOUNT:	 179.81		649.94	 829.75 PRE-FUNDED AMOUNTS DISTRIBUTED AS PREPAYMENTS:					 0.00		 0.00		 0.00 						 2,225,344.45 8,270,979.15 10,496,323.60 REALIZED LOSS INFORMATION: 								GROUP I		GROUP II		TOTAL CURRENT PERIODS REALIZED LOSS AMOUNT	0.00				0.00		0.00 CUMULATIVE REALIZED LOSSES SINCE INCEPTION	0.00			0.00		0.00 APPLIED REALIZED LOSS AMOUNT				0.00			0.00		0.00 UNPAID REALIZED LOSS AMOUNT				0.00			0.00		0.00 ANNUAL LOSS PERCENTAGE					0.00%		0.00%	0.00% 									ADVANTA	AMERIQUEST	WENDOVER CURRENT PERIODS REALIZED LOSS AMOUNT		0.00		0.00			0.00 CUMULATIVE REALIZED LOSSES SINCE INCEPTION	0.00		0.00			0.00 ANNUAL LOSS PERCENTAGE				0.00%		0.00%		0.00% INTEREST CARRY-FORWARD AMOUNT CLASS A-1														0.00 CLASS A-2														0.00 CLASS A-3														0.00 CLASS A-4														0.00 CLASS A-5														0.00 CLASS A-6														0.00 CLASS A-7														0.00 CLASS M-1F													0.00 CLASS M-1A													0.00 CLASS M-2F													0.00 CLASS M-2A													0.00 CLASS B-1F													0.00 CLASS B-1A													0.00 CLASS C-FIO													0.00 CLASS C-AIO													0.00 CASH REMITTANCE RECONCILLIATION	 ADVANTA		AMERIQUEST 		WENDOVER SCHEDULED INTEREST AMOUNT:	 4,174,287.99 289,087.16	 2,241,663.98 REPURCHASE INTEREST:				 0.00		 0.00	 601.45 LIQUIDATION INTEREST:				 0.00		 0.00		 0.00 TOTAL INTEREST				 4,174,287.99	289,087.16	 2,242,265.42 LESS: CURRENT SERVICING FEES	 (124,780.07) (13,382.94) (75,788.45) LESS: CURRENT TRUSTEE FEES			 0.00		 0.00		 0.00 LESS: CURRENT INSURANCE PREMIUM		 0.00		 0.00			0.00 LESS: DELINQUENT INTEREST		(941,117.65)	 (22,180.70)	 (44,381.85) LESS: PREPAYMENT INTEREST SHORTFALLS (2,661.78)	 (332.89)		(7,162.64) LESS: NON RECOVERABLE ADVANCES		 0.00		 0.00	 0.00 PLUS: INTEREST ADVANCED			 906,328.44	 21,113.15		42,692.25 						 4,012,056.93	 274,303.78	 2,157,624.72 SCHEDULED PRINCIPAL:			 266,279.59	 27,326.04	 136,201.42 PRINCIPAL PREPAYMENTS:		 7,078,720.90	 510,892.77	 2,305,998.89 CURTAILMENTS:					 52,225.94		 6.61	 65,351.81 LIQUIDATIONS:						 0.00		 0.00			0.00 REPURCHASES:						 0.00		 0.00		52,489.88 TOTAL PRINCIPAL:			 7,397,226.43	 538,225.42	 2,560,042.00 LESS: DELINQUENT PRINCIPAL		 (50,984.58)	 (1,725.23)		(2,548.72) PLUS: PRINCIPAL ADVANCED			 50,984.58	 1,725.23		 2,548.72 						 7,397,226.43	 538,225.42	 2,560,042.00 TOTAL REMITTANCE AMOUNTS:	 11,409,283.36	 812,529.20	 4,717,666.72