- --------------------------------------------------------------------------------
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)
June 2, 1997
AMRESCO Residential Securities Corporation
(Exact name of registrant as specified in its charter)
Delaware 333-8687 75-2620414
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
700 North Pearl Street
Suite 2400, LB #342
Dallas, Texas 75201-7424
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (214) 953-7700
No Change
(Former name or former address, if changed since last report)
- --------------------------------------------------------------------------------
<PAGE>
Item 5. Other Events.
In connection with the offering of AMRESCO Residential Securities
Corporation Mortgage Loan Pass-Through Certificates, Series 1997-2, described in
a Prospectus Supplement dated as of March 14, 1997, certain "Computational
Materials" within the meaning of the May 20, 1994 Kidder, Peabody No-Action
Letter and the February 17, 1995 Public Securities Association No-Action Letter
were furnished to certain prospective investors.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
99.1 Computational Materials of Prudential Securities Inc. relating to
the Offered Certificates.
99.2 Computational Materials of Credit Suisse First Boston relating to
the Offered Certificates.
99.3 Computational Materials of Morgan Stanley Dean Witter
Incorporated relating to the Offered Certificates.
<PAGE>
SIGNATURES
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.
AMRESCO RESIDENTIAL SECURITIES CORPORATION,
as Depositor
By: /s/ Ronald B. Kirkland
------------------------------------------
Name: Ronald B. Kirkland
Title: Vice President and
Chief Accounting Officer
Dated: June 3, 1997
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page No.
99.1 Computational Materials of Prudential Securities
Inc. relating to the Offered Certificates. _______
99.2 Computational Materials of Credit Suisse First
Boston relating to the Offered Certificates _______
99.3 Computational Materials of Morgan Stanley Dean
Witter Incorporated relating to the Offered
Certificates _______
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
AMRESCO 1997-2
- ---------------------------------------------
$ [48,800,000] Class A-1 Fixed Rate Certificates - [TBA %]
$ [44,500,000] Class A-2 Fixed Rate Certificates - [TBA %]
$ [68,100,000] Class A-3 Fixed Rate Certificates - [TBA %]
$ [27,900,000] Class A-4 Fixed Rate Certificates - [TBA %]
$ [21,300,000] Class A-5 Fixed Rate Certificates - [TBA %]
$ [14,900,000] Class A-6 Fixed Rate Certificates - [TBA %]
$ [36,975,000] Class A-7 Fixed Rate Certificates - [TBA %]
$ [28,900,000] Class A-8 Fixed Rate Certificates - [TBA %]
$[334,757,500] Class A-9 Floating Rate Certificates - 1M LIBOR+ [TBA bps]
$ [12,487,500] Class M-1F Fixed Rate Certificates - [TBA %]
$ [25,437,500] Class M-1A Adjustable Rate Certificates - 1M LIBOR + [TBA bps]
$ [18,315,000] Class M-2F Fixed Rate Certificates - [TBA %]
$ [24,420,000] Class M-2A Adjustable Rate Certificates - 1M LIBOR + [TBA bps]
$ [10,822,500] Class B-1F Fixed Rate Certificates - [TBA %]
$ [22,385,000] Class B-1A Adjustable Rate Certificates - 1M LIBOR + [TBA bps]
The information herein has been provided solely by PSI based on information
with respect to the mortgage loans provided by the AMRESCO Residential
Securities Corporation and its affiliates ("AMRESCO"). Neither AMRESCO nor any
of its affiliates makes any representation as to the accuracy or completeness of
the information herein. The information herein is preliminary and will be
superseded by the prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commissions (SEC). All
assumptions and information in this report reflect PSI's judgment as of this
date and are subject to change. All analyses are based on certain assumptions
noted herein and different assumptions could yield substantially different
results. You are cautioned that there is no universally accepted method for
analyzing financial instruments. You should review the assumptions; there may be
differences between these assumptions and your actual business practices.
Further, PSI does not guarantee any results and there is no guarantee as to the
liquidity of the instruments involved in this analysis. The decision to adopt
any strategy remains your responsibility. PSI (or any of its affiliates) or
their officers, directors, analysts or employees may have positions in
securities, commodities or derivative instruments thereon referred to here, and
may, as principal or agent, buy or sell such securities, commodities or
derivative instruments. In addition, PSI may make a market in the securities
referred to herein. Neither the information nor the assumptions reflected herein
shall be construed to be, or constitute, an offer to sell or buy or a
solicitation of an offer to sell or buy any securities, commodities or
derivative instruments mentioned herein. No sale of any securities, commodities
or derivative instruments should be consumated without the purchaser first
having received a prospectus and, if required, prospectus supplement. Finally,
PSI has not addressed the legal, accounting and tax implications of the analysis
with respect to you, and PSI strongly urges you to seek advice from your
counsel, accountant and tax advisor.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
ALL CERTIFICATES
----------------
Title of Securities: AMRESCO Residential Securities Corporation Mortgage
Loan Trust 1997-2,
GROUP I: Class A-1 though Class A-8 (the "Fixed Rate
Senior Certificates"); Class M-1F, M-2F and
B-1F (the "Fixed Rate Subordinate
Certificates") (the Fixed Rate Senior
Certificates and the Fixed Rate Subordinate
Certificates being collectively referred to
hereinafter as the "Fixed Rate Certificates")
GROUP II: Class A-9 (the "Adjustable Rate Senior
Certificates") Class M-1A, M-2A and B-1A (the
"Adjustable Rate Subordinate Certificates")
(the Adjustable Rate Senior Certificates and
the Adjustable Rate Subordinate Certificates
being collectively referred to hereinafter as
the "Adjustable Rate Certificates")
Depositor: AMRESCO Residential Securities Corporation
Seller: AMRESCO Residential Capital Markets, Inc.
Servicers: Long Beach Mortgage Company, Option One Mortgage
Corporation and Advanta Mortgage Corp. USA will each
service a portion of the underlying collateral for the
Fixed Rate Certificates and the Adjustable Rate
Certificates.
Servicer Fee: 50 bps per annum
Trustee: Bank of New York, N.A.
Pricing Date: June [TBA], 1997
Settlement Date: June [TBA], 1997
Principal Paydown: PRIOR TO THE "STEPDOWN DATE" OR IF A TRIGGER EVENT HAS
OCCURRED:
GROUP I - 1) To the Class A-8 Certificateholders --
the Class A-8 Lockout Distribution
Amount
2) To the Fixed Rate Senior Certificates,
in sequential order
GROUP II - 1) To the Adjustable Rate Senior
Certificates
THE CLASS A-8 LOCKOUT DISTRIBUTION AMOUNT - the
applicable Class A-8 Lockout Percentage multiplied by
the Class A-8 Lockout Pro Rata Distribution Amount for
such Payment Date.
THE CLASS A-8 LOCKOUT PERCENTAGE -
--------------------------------
July 1997 - June 2000 -- 0%
July 2000 - June 2002 -- 45%
July 2002 - June 2003 -- 80%
July 2003 - June 2004 -- 100%
July 2004 and after -- 300%
ON AND AFTER THE STEPDOWN DATE FOR THE RELATED MORTGAGE
GROUP (PROVIDED A TRIGGER EVENT HAS NOT OCCURRED AND IS
NOT CONTINUING):
With respect to each Group, all Certificates will be
entitled to receive payments of principal, in the
following order of priority: first to the Class A
Certificates (in the same order of priority as is the
case prior to the Stepdown Date), second to the Class
M-1 Certificates, third to the Classs M-2 Certificates,
and fourth to the Class B Certificates. Principal will
be distributed according to the following formula:
The excess of the sum of the Principal Balance of the
related Certificate Class immediately prior to such
Payment Date + the Principal Balance of all
Certificate Classes senior to said Class (after
taking into account the payment of the related
Class(es)' Principal Distribution Amount on such
Payment Date) (i.e., for Class M-2, the Principal
Balance of the Class A Certificates + the Principal
Balance of the Class M-1 Certificates)
-over-
Product of the related Class Percentage and the
outstanding Loan Balance of Mortgage Loans in the
related Mortgage Loan Group as of the last day of the
Remittance Period.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
ALL CERTIFICATES (cont.)
------------------------
RELATED CLASS PERCENTAGE (on and after the Stepdown
Date, provided a Trigger Event has not occured) :
-----------------
Group I Group II
------- --------
Class A - [69.50]% Class A - [57.00]%
Class M-1 - [77.00]% Class M-1 - [69.50]%
Class M-2 - [88.00]% Class M-2 - [81.50]%
Class B - [94.50]% Class B - [92.50]%
STEPDOWN DATE:
-------------
For each Group, the later of (i) the July 2000 Payment
Date and (ii) the first Payment Date on which the Senior
Enhancement Percentage (i.e., the sum of the Subordinate
Certificates + the O/C amount for a particular Mortgage
Loan Group divided by the aggregate Loan Balance of the
Mortgage Loans in such Mortgage Loan Group) is greater
than or equal to the related Group's Senior Specified
Enhancement Percentage.
Group I Senior Specified Enhancement
Percentage: [30.50]%
Group II Senior Specified Enhancement
Percentage: [43.00]%
TRIGGER EVENT:
--------------
With respect to each Mortgage Loan Group, if the
percentage obtained by dividing (x) the principal amount
of 60+ Day Delinquent Loans (including foreclosures and
REOs) in such Mortgage Loan Group by (y) the aggregate
outstanding Loan Balance of the Mortgage Loans in such
Mortgage Loan Group as of the last day of the
immediately preceding Remittance Period equals or
exceeds [0.50] and [0.40] multiplied by the Senior
Enhancement Percentage for the Fixed Rate Certificates
and the Adjustable Rate Certificates, respectively.
Initial Class Sizes: GROUP I GROUP II
------- --------
Class A - [87.50]% Class A - [82.25]%
Class M-1 - [3.75]% Class M-1 - [6.25]%
Class M-2 - [5.50]% Class M-2 - [6.00]%
Class B - [3.25]% Class B - [5.50]%
O/C - [0 to 2.75]% O/C - [0 to 3.75]%
Flow of Funds: GROUP I AND GROUP II MONTHLY CASH FLOWS
1) to each Servicer, any unreimbursed advanced on a
mortgage loan which is determined by the respective
Servicer, in its good faith judgment, to not be
ultimately recoverable from either any future
collections on such mortgage loan or upon
liquidation;
2) to each Servicer, the Servicer Fee;
3) to the Trustee, the Trustee Fee;
GROUP I MONTHLY CASH FLOWS
4) accrued monthly interest pro-rata to the Class A-1,
A-2, A-3, A-4, A-5, A-6, A-7 and A-8 Certificates;
5) monthly principal to the Fixed Rate Senior
Certificates, as described above;
6) accrued monthly interest to the Class M-1F
Certificates;
7) monthly principal to the Class M-1F Certificates, as
described above;
8) accrued monthly interest to the Class M-2F
Certificates;
9) monthly principal to the Class M-2F Certificates, as
described above;
10) accrued monthly interest to the Class B-1F
Certificates;
11) monthly principal to the Class B-1F Certificates,
as described above;;
12) to O/C up to its target amount;
13) to the senior-most Adjustable Rate Certificate
Class then outstanding, if needed;
14) to Subordinated IO holder; and 15) to the Class R
Certificate holders.
GROUP II MONTHLY CASH FLOWS
4) accrued monthly interest to the Adjustable Rate
Senior Certificates;
5) monthly principal to the Adjustable Rate Senior
Certificates, as described above;
6) accrued monthly interest to the Class M-1A
Certificates;
7) monthly principal to the Class M-1A Certificates,
as described above;
8) accrued monthly interest to the Class M-2A
Certificates;
9) monthly principal to the Class M-2A Certificates,
as described above;
10) accrued monthly interest to the Class B-1A
Certificates;
11) monthly principal to the Class B-1A Certificates,
as described above;;
12) to O/C up to its target amount;
13) to the senior-most Fixed Rate Certificate Class
then outstanding (sequentially to the Fixed Rate
Senior Certificates), if needed;
14) to Subordinated IO holder; and
15) to the Class R Certificate holders.
FOR A COMPLETE DESCRIPTION OF THE FLOW OF FUNDS, PLEASE REFER TO THE PROSPECTUS
SUPPLEMENT SECTION TITLED "DESCRIPTION OF THE OFFERED CERTIFICATES -
DISTRIBUTIONS".
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
ALL CERTIFICATES (cont.)
------------------------
Overcollateralization: The credit enhancement provisions of the Trust are
intended to provide for the limited acceleration of the
Senior Certificates relative to the amortization of the
related collateral, generally in the early months of
the transaction. Accelerated amortization is achieved
by applying certain excess interest collected on the
collateral to the payment of principal on the Senior
Certificates, resulting in the build up of
overcollateralization ("O/C"). By paying down the
principal balance of the certificates faster than the
principal amortization of the respective collateral
pool, an overcollateralization amount equal to the
excess of the aggregate principal balance of the
Collateral Pool over the principal balance of the
related Certificates is created. Excess cashflow will
be directed to build the O/C amount until the pool
reaches its required O/C target. Upon this event the
acceleration feature will cease, unless it is once
again necessary to maintain the required O/C level.
Credit Enhancement: A combination of:
- Excess monthly cash flow
- Overcollateralization
- Cross-collateralization
Certificate Ratings:
<TABLE>
<CAPTION>
---------Group I Certificates--------- ---------Group II Certificates---------
Moody's Fitch Duff Moody's Fitch Duff
------ ----- ----- -------- ------- ------
<S> <C> <C> <C> <C> <C> <C>
Class A Aaa AAA AAA Aaa AAA AAA
Class M-1 Aa2 AA AA+ Aa2 AA AA
Class M-2 A2 AA A+ A2 A A
Class B Baa2 A BBB+ Baa2 BBB BBB
</TABLE>
10% Auction Call: The Trustee shall solicit bids for the purchase of
mortgage loans remaining in in a Mortgage Loan Group
when the outstanding Certificate Balance of the related
group equals 10% or less of the original principal
balance of the Certificates in the related group. This
call will be excersized at no less than par plus
accrued interest. If the auction is not successful, the
Servicer's will have the right to purchase the mortgage
loans in a Mortgage Loan Group when the outstanding
Certificate Balance of the related group has declined
to 5% of original, again, at no less than par plus
accrued interest.
Note: the Group I and Group II Certificates each has it
own separate Auction Call.
ERISA Consideration: The Fixed Rate Senior Certificates and
the Adjustable Rate Senior Certificates will be ERISA
eligible. However, investors should consult with their
counsel with respect to the consequences under ERISA
and the Internal Revenue Code of the Plan's acquisition
and ownership of such Certificates.
SMMEA Considerations: Only the Class A-9 and Class M1-A
Certificates will be SMMEA eligible. The remaining
Offered Certificates will NOT be SMMEA eligible.
Taxation: REMIC.
Prospectus: The Certificates are being offered pursuant to a
Prospectus which includes a Prospectus Supplement
(together, the "Prospectus"). Complete information with
respect to the Certificates and the Collateral is
contained in the Prospectus. The foregoing is qualified
in its entirety by the information appearing in the
Prospectus. To the extent that the foregoing is
inconsistent with the Prospectus, the Prospectus shall
govern in all respects. Sales of the Certificates may
not be consumated unless the purchaser has received the
Prospectus.
Further Information: Call the desk at (212) 778-2741, Lirenn Tsai at (212)
778-3658, John Mawe at (212) 778-1166, Sean Low at
(212)778-2581, or Ravi Gupta at (212)778-7448 with any
questions.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
- --------------------------------------------------------------------------------
GROUP I FIXED RATE CERTIFICATES
Collateral: Group I: Fixed Rate, First and Second Lien Mortgage
Loans.
Approximate Group Size: [333,000,000]
<TABLE>
<CAPTION>
Class A-1 Class A-2 Class A-3 Class A-4 Class A-5 Class A-6
--------- --------- --------- --------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
Approximate Face Amount: [$48,800,000] [$44,500,000] [$68,100,000] [$27,900,000] [$21,300,000]] [14,900,000]
Avg Life to 10% Call Date: [0.50] years [1.10] years [2.00] years [3.00] years [4.00] years [5.05] years
Avg. Life to Maturity (app.) [0.50] years [1.10] years [2.00] years [3.00] years [4.00] years [5.05] years
Pass-Through Rate: [TBA %]* [TBA %]* [TBA %]* [TBA %]* [TBA %]* [TBA %]*
Price [TBA] [TBA] [TBA] [TBA] [TBA] [TBA]
Spread: [TBA] [TBA] [TBA] [TBA] [TBA] [TBA]
Pricing Speed [22%] HEP [22%] HEP [22%] HEP [22%] HEP [22%] HEP [22%] HEP
Yield (CBE): [TBA %] [TBA %] [TBA %] [TBA %] [TBA %] [TBA %]
Day Count: 30/360 30/360 30/360 30/360 30/360 30/360
Expected Maturity To Call: [03/25/98] [11/25/98] [01/25/00] [12/25/00] [12/25/01] [01/25/03]
(at pricing speed)
Expected Maturity: [03/25/98] [11/25/98] [01/25/00] [12/25/00] [12/25/01] [01/25/03]
(at pricing speed)
Stated Maturity: [TBA] [TBA] [TBA] [TBA] [TBA] [TBA]
<CAPTION>
Class A-7 Class A-8 Class M-1F Class M-2F Class B-1F
--------- --------- ---------- ---------- ------------
<S> <C> <C> <C> <C> <C>
Approximate Face Amount: [$36,975,000] [$28,900,000] [$12,487,500] [$18,315,000] [$10,822,500]
Avg Life to 10% Call Date: [7.92] years [6.61] years [5.95] years [5.95] years [5.95] years
Avg. Life to Maturity (app.) [9.98] years [6.76] years [6.58] years [6.51] years [6.29] years
Pass-Through Rate: [TBA %]* [TBA %]* [TBA %]* [TBA %]* [TBA %]*
Price [TBA] [TBA] [TBA] [TBA] [TBA]
Spread: [TBA] [TBA] [TBA] [TBA] [TBA]
Pricing Speed [22]% HEP [22]% HEP [22]% HEP [22]% HEP [22]% HEP
Yield (CBE): [TBA %] [TBA %] [TBA %] [TBA %] [TBA %]
Day Count: 30/360 30/360 30/360 30/360 30/360
Expected Maturity To Call: [03/25/06] [03/25/06] [03/25/06] [03/25/06] [03/25/06]
(at pricing speed)
Expected Maturity: [10/25/16] [07/25/16] [09/25/12] [11/25/11] [08/25/09]
(at pricing speed)
Stated Maturity: [TBA] [TBA] [TBA] [TBA] [TBA]
</TABLE>
* Coupon is subject to Available Funds Cap There is NO coupon step-up at the
10% Auction Call date
Available Funds Cap: A rate equal to the weighted average net coupon rate
(i.e., the weighted average coupon rate less [0.50%]
for servicing and trustee fees) for the Group I
fixed-rate mortgage loans for such Payment Date.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
- --------------------------------------------------------------------------------
GROUP I
GROUP I FIXED RATE CERTIFICATES (Cont.)
Pre-Funding Account: On the closing date, approximately [$55.5 million] will
be deposited in a pre-funding account for the purchase
of additional fixed rate mortgage loans. From the
closing date until [August 1],1997, the Trust intends
to purchase mortgage loans up to the entire pre-funding
amounts. The additional mortgage loans, purchased with
funds deposited in the prefunding account, will be
subject to certain individual and aggregate group
characteristics that will be more fully described in
the Prospectus Supplement.
Funds remaining in the pre-funding account will be
distributed sequentially to the Class A-1, A-2, A-3,
A-4, A-5, A-6, and A-7 Certificateholders as
prepayments based on the cash flow priority on the
[August], 1997 distribution date.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on [July 25], 1997.
Payment Delay: 24 days for the Group I Fixed Rate Certificates.
Coupon Step-Up at
10% Auction Call: There is NO coupon step-up for the Fixed Rate
Certficates.
Available Funds Cap: A rate equal to the weighted average net coupon rate
(i.e., the weighted average coupon rate less [0.50%]
for servicing and trustee fees) for the Group I
fixed-rate mortgage loans for such Payment Date.
Interest Accrual
Period: For the Fixed Rate Certificates, interest will accrue
from the 1st day of the preceeding month until the 30th
day of the preceding month.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Adjustable Rate Certificates
- --------------------------------------------------------------------------------
GROUP II ADJUSTABLE RATE CERTIFICATES
Collateral: Group II: Adjustable Rate, First Lien Mortgage Loans.
Approximate Group Size: [$407,000,000]
<TABLE>
<CAPTION>
Class A-9 Class M-1A Class M-2A Class B-1A
--------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Approximate Face Amount: [$334,757,500] [$25,437,500] [$24,420,000] [$22,385,000]
Avg Life to 10% Call Date: [2.17] years [4.89] years [4.77] years [4.70] years
Avg. Life to Maturity (app.) [2.37] years [5.40] years [5.22] years [4.97] years
Pass-Through Rate: LIBOR+[TBA]bps*/** LIBOR+[TBA]bps*/** LIBOR+[TBA]bps*/** LIBOR+[TBA]bps*/**
Price [TBA] [TBA] [TBA] [TBA]
Pricing Speed [28]% CPR [28]% CPR [28]% CPR [28]% CPR
Day Count: actual/360 actual/360 actual/360 actual/360
Expected Maturity To Call: [03/25/04] [03/25/04] [03/25/04] [03/25/04]
(at pricing speed)
Expected Maturity: [12/25/11] [07/25/09] [07/25/08] [01/25/07]
(at pricing speed)
Stated Maturity: [TBA] [TBA] [TBA] [TBA]
</TABLE>
* Coupon is subject to Available Funds Cap
** For Class A-9, 1M LIBOR + [2 x Spread]; and for Class M-1A, M-2A and B-1A,
1M LIBOR + [1.5 x Spread] after Clean-up Call Date. Coupon Step-up for all
Classes is subject to the Available Funds Cap.
Available Funds Cap: A rate equal to the weighted average net coupon rate
(i.e., the weighted average coupon rate less [0.50%]
for servicing and trustee fees) for the Group II
adjustable-rate mortgage loans for such Payment Date.
Pre-Funding Account: On the closing date, approximately [$90.3 million] will
be deposited in a pre-funding account for the purchase
of additional adjustable rate mortgage loans. From the
closing date until [August 1], 1997, the Trust intends
to purchase mortgage loans up to the entire pre-funding
amounts. The additional mortgage loans, purchased with
funds deposited in the prefunding account, will be
subject to certain individual and aggregate group
characteristics that will be more fully described in
the Prospectus Supplement.
Funds remaining in the pre-funding account will be
distributed to the Class A-9 Certificateholders as
prepayments on the [August], 1997 distribution date.
Coupon Step-Up at 10%
Auction Call: If the Auction Sale is not successful, the coupon on
the Class A-9 Certificates shall be raised to LIBOR +
[2x Spread]; and the Class M-1A, M-2A and B-1A
Certificate shall be raised to LIBOR + [1.5 x Spread],
subject to the Available Funds Cap.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on July 25, 1997.
Interest
Accrual Period: Interest will accrue from the 25th day of the preceding
month ([June 12], for the first accrual period) until
the 24th day of the current month (from Payment Date to
Payment Date).
Interest and Payment
Adjusments: The interest rates and payments on the underlying
mortgage loans will generally adjust semi-annually.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
Available Pool
Information FIXED FLOATING
---------- ----------
Loans: [3,484] Loans:[3,135]
Balance:[277,476,417] Balance:[316,683,005]
WAC:[10.318]% WAC:[10.013]%
WAM:[326] WAM:[356]; WA LTV: [73.704]%
WA LTV: [70.485]% Gross Margin:[5.822]%
% 1st Liens: [99.93]% % 1st Liens: [100]%
% of 5/25 Loans: [3.37]% % of 2/28 Loans: [57.51]%
% of 3/27 Loans: [12.01]%
Credit Grade Credit Grade:
PAG I: [3.66]% PAG I: [1.34]%
PAG II: [62.77]% PAG II: [56.08]%
PAG III: [18.02]% PAG III: [24.22]%
PAG IV: [4.01]% PAG IV: [5.11]%
PAG V: [11.55]% PAG V: [13.25]%
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A1 CUR Accr 0.20961 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 6.231 6.302 6.266 6.198 6.165 6.136 6.105
99-29 6.198 6.272 6.235 6.164 6.129 6.100 6.067
99-29+ 6.165 6.243 6.204 6.130 6.094 6.063 6.029
99-30 6.133 6.213 6.173 6.096 6.058 6.026 5.991
99-30+ 6.100 6.184 6.142 6.062 6.023 5.989 5.952
99-31 6.067 6.154 6.111 6.028 5.987 5.952 5.914
99-31+ 6.035 6.125 6.080 5.994 5.952 5.915 5.876
100-00 6.002 6.095 6.049 5.960 5.916 5.879 5.838
100-00+ 5.970 6.066 6.018 5.926 5.881 5.842 5.800
100-01 5.937 6.036 5.987 5.892 5.845 5.805 5.761
100-01+ 5.904 6.007 5.956 5.858 5.810 5.768 5.723
100-02 5.872 5.978 5.925 5.824 5.774 5.731 5.685
100-02+ 5.839 5.948 5.894 5.790 5.739 5.695 5.647
100-03 5.807 5.919 5.863 5.756 5.703 5.658 5.609
100-03+ 5.774 5.890 5.832 5.722 5.668 5.621 5.571
Avg. Life 0.500 0.555 0.526 0.478 0.458 0.441 0.425
Mod. Dur. 0.478 0.530 0.503 0.458 0.439 0.424 0.408
1st Pmt. 0.119 0.119 0.119 0.119 0.119 0.119 0.119
Last Pmt. 0.786 0.953 0.869 0.786 0.703 0.703 0.703
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A2 CUR Accr 0.20350 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 6.429 6.474 6.451 6.409 6.390 6.370 6.353
99-29 6.414 6.461 6.437 6.393 6.373 6.352 6.334
99-29+ 6.399 6.448 6.423 6.377 6.356 6.334 6.315
99-30 6.384 6.435 6.409 6.360 6.339 6.316 6.297
99-30+ 6.369 6.422 6.395 6.344 6.322 6.298 6.278
99-31 6.354 6.409 6.380 6.328 6.305 6.281 6.259
99-31+ 6.339 6.396 6.366 6.312 6.288 6.263 6.240
100-00 6.324 6.382 6.352 6.296 6.271 6.245 6.222
100-00+ 6.308 6.369 6.338 6.280 6.254 6.227 6.203
100-01 6.293 6.356 6.324 6.264 6.237 6.209 6.184
100-01+ 6.278 6.343 6.310 6.248 6.220 6.191 6.166
100-02 6.263 6.330 6.296 6.232 6.203 6.173 6.147
100-02+ 6.248 6.317 6.282 6.216 6.186 6.156 6.129
100-03 6.233 6.304 6.268 6.200 6.169 6.138 6.110
100-03+ 6.218 6.291 6.254 6.184 6.152 6.120 6.091
Avg. Life 1.100 1.283 1.182 1.032 0.975 0.924 0.883
Mod. Dur. 1.033 1.197 1.107 0.971 0.920 0.873 0.835
1st Pmt. 0.786 0.953 0.869 0.786 0.703 0.703 0.703
Last Pmt. 1.453 1.703 1.536 1.286 1.203 1.119 1.119
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A3 CUR Accr 0.21022 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 6.787 6.817 6.802 6.772 6.757 6.743 6.728
99-29 6.779 6.810 6.794 6.763 6.747 6.732 6.717
99-29+ 6.770 6.803 6.786 6.754 6.738 6.722 6.706
99-30 6.761 6.796 6.778 6.745 6.728 6.711 6.694
99-30+ 6.753 6.788 6.771 6.735 6.718 6.700 6.683
99-31 6.744 6.781 6.763 6.726 6.708 6.690 6.672
99-31+ 6.736 6.774 6.755 6.717 6.698 6.679 6.661
100-00 6.727 6.767 6.747 6.707 6.688 6.669 6.649
100-00+ 6.719 6.759 6.739 6.698 6.678 6.658 6.638
100-01 6.710 6.752 6.731 6.689 6.668 6.647 6.627
100-01+ 6.701 6.745 6.723 6.680 6.658 6.637 6.616
100-02 6.693 6.738 6.715 6.670 6.648 6.626 6.604
100-02+ 6.684 6.731 6.707 6.661 6.638 6.616 6.593
100-03 6.676 6.723 6.699 6.652 6.628 6.605 6.582
100-03+ 6.667 6.716 6.691 6.643 6.619 6.595 6.571
Avg. Life 2.002 2.408 2.185 1.847 1.715 1.602 1.504
Mod. Dur. 1.816 2.154 1.969 1.685 1.572 1.474 1.388
1st Pmt. 1.453 1.703 1.536 1.286 1.203 1.119 1.119
Last Pmt. 2.619 3.203 2.869 2.453 2.286 2.119 1.953
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A4 CUR Accr 0.21481 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 6.997 7.021 7.009 6.985 6.974 6.963 6.951
99-29 6.991 7.016 7.004 6.978 6.967 6.955 6.943
99-29+ 6.985 7.011 6.998 6.972 6.960 6.948 6.935
99-30 6.980 7.006 6.993 6.965 6.953 6.940 6.928
99-30+ 6.974 7.002 6.988 6.959 6.946 6.933 6.920
99-31 6.968 6.997 6.982 6.952 6.939 6.925 6.912
99-31+ 6.962 6.992 6.977 6.946 6.932 6.918 6.904
100-00 6.956 6.987 6.971 6.939 6.925 6.911 6.896
100-00+ 6.950 6.982 6.966 6.933 6.918 6.903 6.888
100-01 6.944 6.977 6.961 6.927 6.911 6.896 6.880
100-01+ 6.938 6.972 6.955 6.920 6.904 6.888 6.872
100-02 6.932 6.967 6.950 6.914 6.897 6.881 6.864
100-02+ 6.926 6.962 6.944 6.907 6.890 6.873 6.856
100-03 6.920 6.957 6.939 6.901 6.883 6.866 6.848
100-03+ 6.914 6.953 6.934 6.894 6.876 6.858 6.840
Avg. Life 3.002 3.726 3.328 2.723 2.518 2.339 2.183
Mod. Dur. 2.630 3.184 2.882 2.409 2.243 2.096 1.967
1st Pmt. 2.619 3.203 2.869 2.453 2.286 2.119 1.953
Last Pmt. 3.536 4.369 3.869 3.036 2.786 2.619 2.453
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A5 CUR Accr 0.21969 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.189 7.208 7.199 7.178 7.164 7.149 7.139
99-29 7.185 7.205 7.195 7.173 7.158 7.143 7.132
99-29+ 7.180 7.201 7.190 7.168 7.153 7.136 7.126
99-30 7.175 7.197 7.186 7.163 7.147 7.130 7.119
99-30+ 7.171 7.193 7.182 7.158 7.141 7.124 7.112
99-31 7.166 7.189 7.178 7.153 7.136 7.117 7.105
99-31+ 7.161 7.185 7.174 7.148 7.130 7.111 7.099
100-00 7.157 7.182 7.169 7.143 7.124 7.105 7.092
100-00+ 7.152 7.178 7.165 7.138 7.119 7.099 7.085
100-01 7.148 7.174 7.161 7.133 7.113 7.092 7.079
100-01+ 7.143 7.170 7.157 7.128 7.107 7.086 7.072
100-02 7.138 7.166 7.153 7.123 7.102 7.080 7.065
100-02+ 7.134 7.163 7.148 7.118 7.096 7.073 7.058
100-03 7.129 7.159 7.144 7.112 7.090 7.067 7.052
100-03+ 7.125 7.155 7.140 7.107 7.085 7.061 7.045
Avg. Life 4.002 5.025 4.461 3.593 3.166 2.809 2.617
Mod. Dur. 3.377 4.094 3.705 3.074 2.748 2.471 2.317
1st Pmt. 3.536 4.369 3.869 3.036 2.786 2.619 2.453
Last Pmt. 4.536 5.786 5.119 4.119 3.703 3.036 2.786
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A6 CUR Accr 0.22382 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.345 7.363 7.354 7.337 7.328 7.317 7.297
99-29 7.342 7.360 7.351 7.333 7.323 7.312 7.292
99-29+ 7.338 7.357 7.347 7.328 7.319 7.307 7.286
99-30 7.334 7.354 7.344 7.324 7.314 7.302 7.280
99-30+ 7.330 7.350 7.340 7.320 7.310 7.297 7.274
99-31 7.326 7.347 7.337 7.316 7.305 7.292 7.268
99-31+ 7.323 7.344 7.333 7.312 7.301 7.287 7.263
100-00 7.319 7.341 7.330 7.308 7.296 7.282 7.257
100-00+ 7.315 7.338 7.326 7.304 7.292 7.277 7.251
100-01 7.311 7.335 7.323 7.299 7.287 7.272 7.245
100-01+ 7.307 7.332 7.320 7.295 7.283 7.267 7.239
100-02 7.304 7.329 7.316 7.291 7.278 7.262 7.234
100-02+ 7.300 7.326 7.313 7.287 7.274 7.257 7.228
100-03 7.296 7.323 7.309 7.283 7.269 7.252 7.222
100-03+ 7.292 7.320 7.306 7.279 7.265 7.247 7.216
Avg. Life 5.054 6.557 5.701 4.541 4.113 3.685 3.106
Mod. Dur. 4.100 5.052 4.523 3.750 3.447 3.133 2.695
1st Pmt. 4.536 5.786 5.119 4.119 3.703 3.036 2.786
Last Pmt. 5.619 7.869 6.369 5.036 4.536 4.119 3.786
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A7 CUR Accr 0.23436 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.733 7.741 7.737 7.727 7.721 7.714 7.706
99-29 7.730 7.739 7.735 7.725 7.718 7.711 7.703
99-29+ 7.728 7.737 7.733 7.722 7.715 7.708 7.699
99-30 7.725 7.735 7.731 7.719 7.713 7.705 7.696
99-30+ 7.723 7.733 7.729 7.717 7.710 7.702 7.693
99-31 7.721 7.731 7.726 7.714 7.707 7.699 7.689
99-31+ 7.718 7.729 7.724 7.712 7.704 7.696 7.686
100-00 7.716 7.727 7.722 7.709 7.701 7.693 7.682
100-00+ 7.714 7.725 7.720 7.706 7.698 7.689 7.679
100-01 7.711 7.723 7.718 7.704 7.696 7.686 7.676
100-01+ 7.709 7.721 7.715 7.701 7.693 7.683 7.672
100-02 7.706 7.719 7.713 7.699 7.690 7.680 7.669
100-02+ 7.704 7.717 7.711 7.696 7.687 7.677 7.665
100-03 7.702 7.715 7.709 7.694 7.684 7.674 7.662
100-03+ 7.699 7.713 7.707 7.691 7.682 7.671 7.659
Avg. Life 9.984 12.662 11.247 8.861 7.859 6.958 6.131
Mod. Dur. 6.573 7.698 7.129 6.040 5.533 5.051 4.589
1st Pmt. 5.619 7.869 6.369 5.036 4.536 4.119 3.786
Last Pmt. 19.369 22.869 21.036 17.786 16.453 15.203 14.286
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A7 CUR Accr 0.23436 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.724 7.735 7.730 7.717 7.710 7.703 7.696
99-29 7.721 7.733 7.727 7.714 7.707 7.700 7.692
99-29+ 7.718 7.730 7.725 7.711 7.704 7.696 7.688
99-30 7.715 7.728 7.722 7.708 7.701 7.693 7.684
99-30+ 7.713 7.726 7.720 7.705 7.697 7.689 7.680
99-31 7.710 7.724 7.717 7.702 7.694 7.686 7.677
99-31+ 7.707 7.721 7.715 7.699 7.691 7.682 7.673
100-00 7.705 7.719 7.712 7.697 7.688 7.679 7.669
100-00+ 7.702 7.717 7.710 7.694 7.684 7.675 7.665
100-01 7.699 7.715 7.707 7.691 7.681 7.672 7.661
100-01+ 7.696 7.712 7.705 7.688 7.678 7.668 7.658
100-02 7.694 7.710 7.702 7.685 7.675 7.665 7.654
100-02+ 7.691 7.708 7.700 7.682 7.671 7.661 7.650
100-03 7.688 7.705 7.698 7.679 7.668 7.657 7.646
100-03+ 7.686 7.703 7.695 7.676 7.665 7.654 7.642
Avg. Life 7.919 10.184 8.998 7.057 6.292 5.672 5.138
Mod. Dur. 5.732 6.850 6.285 5.258 4.816 4.437 4.097
1st Pmt. 5.619 7.869 6.369 5.036 4.536 4.119 3.786
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A8 NAS Accr 0.22153 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.287 7.289 7.288 7.287 7.286 7.286 7.286
99-29 7.284 7.287 7.285 7.284 7.283 7.283 7.283
99-29+ 7.281 7.284 7.282 7.280 7.280 7.280 7.279
99-30 7.278 7.281 7.279 7.277 7.277 7.276 7.276
99-30+ 7.275 7.278 7.276 7.274 7.274 7.273 7.273
99-31 7.272 7.275 7.273 7.271 7.271 7.270 7.270
99-31+ 7.269 7.272 7.270 7.268 7.268 7.267 7.267
100-00 7.266 7.269 7.267 7.265 7.264 7.264 7.264
100-00+ 7.263 7.266 7.264 7.262 7.261 7.261 7.261
100-01 7.260 7.263 7.261 7.259 7.258 7.258 7.258
100-01+ 7.257 7.260 7.258 7.256 7.255 7.255 7.254
100-02 7.254 7.257 7.255 7.253 7.252 7.252 7.251
100-02+ 7.251 7.254 7.252 7.250 7.249 7.248 7.248
100-03 7.248 7.251 7.249 7.247 7.246 7.245 7.245
100-03+ 7.245 7.248 7.246 7.244 7.243 7.242 7.242
Avg. Life 6.755 7.044 6.882 6.662 6.595 6.553 6.535
Mod. Dur. 5.114 5.267 5.181 5.064 5.028 5.006 4.997
1st Pmt. 3.119 3.119 3.119 3.203 3.369 3.453 3.619
Last Pmt. 19.119 22.703 20.869 17.619 16.286 15.036 14.119
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A8 NAS Accr 0.22153 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.286 7.289 7.288 7.285 7.283 7.281 7.278
99-29 7.283 7.286 7.285 7.282 7.280 7.278 7.275
99-29+ 7.280 7.283 7.282 7.279 7.277 7.274 7.271
99-30 7.277 7.280 7.279 7.276 7.274 7.271 7.268
99-30+ 7.274 7.277 7.276 7.273 7.270 7.268 7.265
99-31 7.271 7.274 7.273 7.269 7.267 7.264 7.261
99-31+ 7.268 7.271 7.270 7.266 7.264 7.261 7.258
100-00 7.265 7.268 7.266 7.263 7.261 7.258 7.254
100-00+ 7.262 7.265 7.263 7.260 7.258 7.254 7.251
100-01 7.259 7.262 7.260 7.257 7.254 7.251 7.247
100-01+ 7.255 7.259 7.257 7.254 7.251 7.248 7.244
100-02 7.252 7.256 7.254 7.251 7.248 7.244 7.241
100-02+ 7.249 7.253 7.251 7.247 7.245 7.241 7.237
100-03 7.246 7.250 7.248 7.244 7.241 7.238 7.234
100-03+ 7.243 7.247 7.245 7.241 7.238 7.234 7.230
Avg. Life 6.612 6.979 6.789 6.455 6.248 5.992 5.745
Mod. Dur. 5.046 5.240 5.140 4.960 4.844 4.696 4.548
1st Pmt. 3.119 3.119 3.119 3.203 3.369 3.453 3.619
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class M1F CUR Accr 0.23131 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.609 7.619 7.614 7.603 7.599 7.595 7.591
99-29 7.605 7.616 7.611 7.600 7.595 7.591 7.587
99-29+ 7.602 7.614 7.608 7.597 7.592 7.587 7.583
99-30 7.599 7.611 7.605 7.593 7.588 7.583 7.579
99-30+ 7.596 7.608 7.602 7.590 7.584 7.579 7.575
99-31 7.592 7.605 7.599 7.586 7.581 7.576 7.571
99-31+ 7.589 7.602 7.596 7.583 7.577 7.572 7.567
100-00 7.586 7.600 7.593 7.579 7.573 7.568 7.564
100-00+ 7.583 7.597 7.590 7.576 7.570 7.564 7.560
100-01 7.579 7.594 7.587 7.573 7.566 7.561 7.556
100-01+ 7.576 7.591 7.584 7.569 7.563 7.557 7.552
100-02 7.573 7.588 7.581 7.566 7.559 7.553 7.548
100-02+ 7.570 7.586 7.578 7.562 7.555 7.549 7.544
100-03 7.567 7.583 7.575 7.559 7.552 7.545 7.540
100-03+ 7.563 7.580 7.572 7.555 7.548 7.542 7.536
Avg. Life 6.577 7.973 7.214 6.060 5.646 5.313 5.050
Mod. Dur. 4.825 5.550 5.165 4.541 4.311 4.123 3.974
1st Pmt. 3.119 3.619 3.286 3.203 3.286 3.369 3.453
Last Pmt. 15.286 18.369 16.703 14.119 13.119 12.119 11.286
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class M1F CUR Accr 0.23131 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.604 7.616 7.610 7.598 7.593 7.588 7.584
99-29 7.600 7.613 7.607 7.595 7.589 7.584 7.580
99-29+ 7.597 7.610 7.603 7.591 7.585 7.580 7.576
99-30 7.593 7.607 7.600 7.587 7.581 7.576 7.572
99-30+ 7.590 7.604 7.597 7.584 7.578 7.572 7.568
99-31 7.587 7.601 7.594 7.580 7.574 7.568 7.564
99-31+ 7.583 7.598 7.591 7.576 7.570 7.564 7.559
100-00 7.580 7.595 7.588 7.573 7.566 7.560 7.555
100-00+ 7.576 7.592 7.584 7.569 7.562 7.556 7.551
100-01 7.573 7.589 7.581 7.565 7.558 7.552 7.547
100-01+ 7.570 7.586 7.578 7.562 7.555 7.548 7.543
100-02 7.566 7.583 7.575 7.558 7.551 7.544 7.538
100-02+ 7.563 7.580 7.572 7.554 7.547 7.540 7.534
100-03 7.559 7.577 7.568 7.551 7.543 7.536 7.530
100-03+ 7.556 7.574 7.565 7.547 7.539 7.532 7.526
Avg. Life 5.951 7.246 6.549 5.494 5.117 4.818 4.588
Mod. Dur. 4.556 5.286 4.901 4.282 4.054 3.870 3.726
1st Pmt. 3.119 3.619 3.286 3.203 3.286 3.369 3.453
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class M2F CUR Accr 0.23589 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.760 7.771 7.766 7.755 7.750 7.745 7.741
99-29 7.757 7.769 7.763 7.752 7.746 7.741 7.737
99-29+ 7.754 7.766 7.760 7.748 7.743 7.738 7.733
99-30 7.751 7.763 7.757 7.745 7.739 7.734 7.729
99-30+ 7.747 7.760 7.754 7.741 7.735 7.730 7.725
99-31 7.744 7.757 7.751 7.738 7.732 7.726 7.721
99-31+ 7.741 7.754 7.748 7.734 7.728 7.722 7.717
100-00 7.738 7.752 7.745 7.731 7.724 7.718 7.713
100-00+ 7.734 7.749 7.742 7.727 7.721 7.714 7.709
100-01 7.731 7.746 7.739 7.724 7.717 7.711 7.705
100-01+ 7.728 7.743 7.735 7.720 7.713 7.707 7.701
100-02 7.725 7.740 7.732 7.717 7.710 7.703 7.697
100-02+ 7.721 7.737 7.729 7.713 7.706 7.699 7.693
100-03 7.718 7.735 7.726 7.710 7.702 7.695 7.689
100-03+ 7.715 7.732 7.723 7.706 7.699 7.691 7.685
Avg. Life 6.507 7.882 7.136 5.986 5.562 5.212 4.928
Mod. Dur. 4.774 5.489 5.110 4.488 4.249 4.048 3.881
1st Pmt. 3.119 3.619 3.286 3.119 3.203 3.203 3.203
Last Pmt. 14.453 17.203 15.619 13.286 12.286 11.369 10.536
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class M2F CUR Accr 0.23589 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL *****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.756 7.768 7.762 7.750 7.745 7.739 7.735
99-29 7.752 7.765 7.759 7.747 7.741 7.735 7.730
99-29+ 7.749 7.762 7.756 7.743 7.737 7.731 7.726
99-30 7.746 7.759 7.753 7.739 7.733 7.727 7.722
99-30+ 7.742 7.756 7.749 7.736 7.729 7.723 7.718
99-31 7.739 7.753 7.746 7.732 7.725 7.719 7.713
99-31+ 7.735 7.750 7.743 7.728 7.721 7.715 7.709
100-00 7.732 7.747 7.740 7.725 7.717 7.711 7.705
100-00+ 7.728 7.744 7.737 7.721 7.714 7.707 7.701
100-01 7.725 7.741 7.733 7.717 7.710 7.703 7.696
100-01+ 7.722 7.739 7.730 7.714 7.706 7.699 7.692
100-02 7.718 7.736 7.727 7.710 7.702 7.694 7.688
100-02+ 7.715 7.733 7.724 7.706 7.698 7.690 7.684
100-03 7.711 7.730 7.721 7.703 7.694 7.686 7.679
100-03+ 7.708 7.727 7.717 7.699 7.690 7.682 7.675
Avg. Life 5.951 7.246 6.549 5.488 5.097 4.777 4.521
Mod. Dur. 4.533 5.255 4.875 4.258 4.021 3.823 3.662
1st Pmt. 3.119 3.619 3.286 3.119 3.203 3.203 3.203
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class B1F CUR Accr 0.24643 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 8.109 8.122 8.116 8.103 8.098 8.092 8.087
99-29 8.106 8.119 8.112 8.100 8.094 8.088 8.083
99-29+ 8.103 8.116 8.109 8.096 8.090 8.084 8.079
99-30 8.099 8.113 8.106 8.093 8.086 8.080 8.075
99-30+ 8.096 8.110 8.103 8.089 8.082 8.076 8.070
99-31 8.093 8.107 8.100 8.085 8.079 8.072 8.066
99-31+ 8.089 8.104 8.097 8.082 8.075 8.068 8.062
100-00 8.086 8.101 8.094 8.078 8.071 8.064 8.058
100-00+ 8.082 8.098 8.090 8.075 8.067 8.060 8.054
100-01 8.079 8.095 8.087 8.071 8.063 8.056 8.050
100-01+ 8.076 8.092 8.084 8.068 8.060 8.052 8.045
100-02 8.072 8.089 8.081 8.064 8.056 8.048 8.041
100-02+ 8.069 8.086 8.078 8.060 8.052 8.044 8.037
100-03 8.066 8.084 8.075 8.057 8.048 8.040 8.033
100-03+ 8.062 8.081 8.072 8.053 8.044 8.036 8.029
Avg. Life 6.292 7.641 6.909 5.783 5.359 5.014 4.725
Mod. Dur. 4.633 5.334 4.962 4.350 4.107 3.906 3.733
1st Pmt. 3.119 3.619 3.286 3.119 3.119 3.119 3.119
Last Pmt. 12.203 14.619 13.369 11.203 10.286 9.536 8.869
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class B1F CUR Accr 0.24643 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 8.106 8.119 8.113 8.100 8.094 8.088 8.083
99-29 8.103 8.116 8.110 8.096 8.090 8.084 8.079
99-29+ 8.099 8.113 8.106 8.093 8.086 8.080 8.074
99-30 8.096 8.110 8.103 8.089 8.082 8.076 8.070
99-30+ 8.092 8.107 8.100 8.085 8.078 8.072 8.066
99-31 8.089 8.104 8.097 8.082 8.074 8.067 8.061
99-31+ 8.085 8.101 8.093 8.078 8.070 8.063 8.057
100-00 8.082 8.098 8.090 8.074 8.066 8.059 8.053
100-00+ 8.078 8.095 8.087 8.070 8.062 8.055 8.048
100-01 8.075 8.092 8.084 8.067 8.059 8.051 8.044
100-01+ 8.071 8.089 8.081 8.063 8.055 8.047 8.040
100-02 8.068 8.086 8.077 8.059 8.051 8.043 8.035
100-02+ 8.065 8.083 8.074 8.056 8.047 8.039 8.031
100-03 8.061 8.080 8.071 8.052 8.043 8.034 8.027
100-03+ 8.058 8.077 8.068 8.048 8.039 8.030 8.022
Avg. Life 5.951 7.246 6.549 5.484 5.080 4.751 4.479
Mod. Dur. 4.481 5.186 4.815 4.209 3.968 3.767 3.598
1st Pmt. 3.119 3.619 3.286 3.119 3.119 3.119 3.119
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72A Coupon * Cap Flr 0.00
Class A9 FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00
ARMS : CPR 28.00 CPR 22.00 CPR 25.00 CPR 30.00 CPR 35.00 CPR 40.00 CPR 43.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 26.572 25.355 25.926 27.052 28.558 30.365 31.149
99-29 25.776 24.733 25.221 26.187 27.478 29.026 29.698
99-29+ 24.979 24.110 24.517 25.322 26.397 27.688 28.248
99-30 24.183 23.488 23.813 24.457 25.317 26.350 26.797
99-30+ 23.387 22.866 23.110 23.592 24.238 25.012 25.348
99-31 22.591 22.243 22.406 22.728 23.158 23.674 23.898
99-31+ 21.795 21.622 21.703 21.864 22.079 22.337 22.449
100-00 21.000 21.000 21.000 21.000 21.000 21.000 21.000
100-00+ 20.205 20.379 20.297 20.136 19.921 19.663 19.551
100-01 19.410 19.757 19.595 19.273 18.843 18.327 18.103
100-01+ 18.615 19.136 18.892 18.410 17.765 16.991 16.656
100-02 17.821 18.515 18.190 17.547 16.687 15.655 15.208
100-02+ 17.027 17.895 17.488 16.685 15.610 14.320 13.761
100-03 16.233 17.274 16.786 15.822 14.533 12.985 12.314
100-03+ 15.439 16.654 16.085 14.960 13.456 11.650 10.868
Avg. Life 2.173 2.879 2.499 1.981 1.544 1.217 1.117
Mod. Dur. 1.890 2.418 2.137 1.740 1.393 1.124 1.037
1st Pmt. 0.119 0.119 0.119 0.119 0.119 0.119 0.119
Last Pmt. 03/25/04 03/25/06 02/25/05 09/25/03 08/25/02 11/25/01 2.786
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72A Coupon * Cap Flr 0.00
Class M1A FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00
ARMS : CPR 28.00 CPR 22.00 CPR 25.00 CPR 30.00 CPR 35.00 CPR 40.00 CPR 43.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 42.585 42.220 42.430 42.646 42.625 42.776 43.412
99-29 42.216 41.903 42.083 42.268 42.250 42.379 42.924
99-29+ 41.846 41.585 41.736 41.890 41.875 41.983 42.437
99-30 41.477 41.268 41.388 41.512 41.500 41.586 41.949
99-30+ 41.108 40.951 41.041 41.134 41.125 41.189 41.462
99-31 40.738 40.634 40.694 40.756 40.750 40.793 40.974
99-31+ 40.369 40.317 40.347 40.378 40.375 40.396 40.487
100-00 40.000 40.000 40.000 40.000 40.000 40.000 40.000
100-00+ 39.631 39.683 39.653 39.622 39.625 39.604 39.513
100-01 39.262 39.366 39.306 39.245 39.250 39.207 39.026
100-01+ 38.893 39.049 38.959 38.867 38.876 38.811 38.539
100-02 38.524 38.733 38.613 38.489 38.501 38.415 38.052
100-02+ 38.155 38.416 38.266 38.112 38.127 38.019 37.566
100-03 37.787 38.100 37.919 37.735 37.752 37.623 37.079
100-03+ 37.418 37.783 37.573 37.357 37.378 37.227 36.592
Avg. Life 4.886 5.924 5.285 4.739 4.756 4.453 3.536
Mod. Dur. 4.067 4.737 4.326 3.974 4.005 3.786 3.082
1st Pmt. 3.536 3.203 3.369 3.703 4.119 4.453 2.786
Last Pmt. 03/25/04 03/25/06 02/25/05 09/25/03 08/25/02 11/25/01 06/25/01
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72A Coupon * Cap Flr 0.00
Class M2A FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00
ARMS : CPR 28.00 CPR 22.00 CPR 25.00 CPR 30.00 CPR 35.00 CPR 40.00 CPR 43.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 62.659 62.236 62.463 62.762 62.928 62.921 63.042
99-29 62.279 61.916 62.111 62.367 62.510 62.504 62.607
99-29+ 61.899 61.597 61.759 61.973 62.091 62.086 62.173
99-30 61.519 61.277 61.407 61.578 61.673 61.669 61.738
99-30+ 61.139 60.958 61.055 61.183 61.255 61.252 61.303
99-31 60.759 60.639 60.703 60.789 60.836 60.834 60.869
99-31+ 60.380 60.319 60.352 60.394 60.418 60.417 60.434
100-00 60.000 60.000 60.000 60.000 60.000 60.000 60.000
100-00+ 59.620 59.681 59.648 59.606 59.582 59.583 59.566
100-01 59.241 59.362 59.297 59.211 59.164 59.166 59.131
100-01+ 58.862 59.043 58.945 58.817 58.746 58.749 58.697
100-02 58.482 58.724 58.594 58.423 58.328 58.332 58.263
100-02+ 58.103 58.405 58.243 58.029 57.911 57.915 57.829
100-03 57.724 58.086 57.891 57.635 57.493 57.499 57.395
100-03+ 57.345 57.767 57.540 57.241 57.075 57.082 56.961
Avg. Life 4.766 5.918 5.242 4.544 4.222 4.223 4.031
Mod. Dur. 3.951 4.699 4.265 3.803 3.588 3.596 3.454
1st Pmt. 3.286 3.119 3.203 3.369 3.536 3.786 3.953
Last Pmt. 03/25/04 03/25/06 02/25/05 09/25/03 08/25/02 11/25/01 06/25/01
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP AMRES72A Coupon * Cap Flr 0.00
Class B1A FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00
ARMS : CPR 28.00 CPR 22.00 CPR 25.00 CPR 30.00 CPR 35.00 CPR 40.00 CPR 43.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 112.726 112.271 112.509 112.853 113.114 113.261 113.303
99-29 112.336 111.947 112.150 112.445 112.669 112.795 112.831
99-29+ 111.946 111.622 111.792 112.037 112.224 112.329 112.359
99-30 111.557 111.298 111.433 111.630 111.779 111.863 111.887
99-30+ 111.168 110.973 111.075 111.222 111.334 111.397 111.415
99-31 110.778 110.649 110.716 110.815 110.889 110.931 110.943
99-31+ 110.389 110.324 110.358 110.407 110.445 110.466 110.472
100-00 110.000 110.000 110.000 110.000 110.000 110.000 110.000
100-00+ 109.611 109.676 109.642 109.593 109.555 109.534 109.529
100-01 109.222 109.352 109.284 109.186 109.111 109.069 109.057
100-01+ 108.833 109.027 108.926 108.779 108.667 108.604 108.586
100-02 108.444 108.703 108.568 108.372 108.222 108.138 108.114
100-02+ 108.055 108.379 108.210 107.965 107.778 107.673 107.643
100-03 107.667 108.056 107.852 107.558 107.334 107.208 107.172
100-03+ 107.278 107.732 107.495 107.151 106.890 106.743 106.701
Avg. Life 4.703 5.916 5.217 4.444 3.988 3.768 3.711
Mod. Dur. 3.846 4.616 4.179 3.675 3.366 3.213 3.174
1st Pmt. 3.203 3.119 3.119 3.203 3.203 3.286 3.369
Last Pmt. 03/25/04 03/25/06 02/25/05 09/25/03 08/25/02 11/25/01 06/25/01
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Available Funds information on Adjustable Certificates
The Adjustable Rate Certificates are subject to an available funds
cap = to the Group II Net Pass-Thru Rate
DATE COUPON
--------------------
07/25/97 9.515
08/25/97 9.584
09/25/97 9.605
10/25/97 9.663
11/25/97 9.701
12/25/97 9.802
01/25/98 9.827
02/25/98 9.892
03/25/98 9.913
04/25/98 9.971
05/25/98 10.009
06/25/98 10.103
07/25/98 10.125
08/25/98 10.161
09/25/98 10.168
10/25/98 10.196
11/25/98 10.219
12/25/98 10.258
01/25/99 10.258
02/25/99 10.321
03/25/99 10.378
04/25/99 10.586
05/25/99 10.835
06/25/99 11.230
07/25/99 11.237
08/25/99 11.237
09/25/99 11.237
10/25/99 11.237
11/25/99 11.237
12/25/99 11.238
01/25/00 11.239
02/25/00 11.276
03/25/00 11.287
04/25/00 11.313
05/25/00 11.323
06/25/00 11.330 and thereafter
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
- --------------------------------------------------------------------------------
- AMRESCO72
- Cut Off Date of Tape is 04/30/97
- FIXED RATE COLLATERAL (06/01/97 Scheduled Balance)
- $277,476,416.64
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 3,484
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $277,476,416.64
Aggregate Original Principal Balance: $278,207,070.00
Weighted Average Gross Coupon: 10.318%
Gross Coupon Range: 6.000% - 17.220%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $79,643.06
Average Original Principal Balance: $79,852.78
Maximum Unpaid Principal Balance: $783,245.57
Minimum Unpaid Principal Balance: $668.26
Maximum Original Principal Balance: $783,750.00
Minimum Original Principal Balance: $10,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 326.184
Stated Rem Term Range: 112.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru Date): 3.273
Age Range: 0.000 - 35.000
Weighted Average Original Term: 329.457
Original Term Range: 120.000 - 360.000
Weighted Average Original LTV: 70.485
Original LTV Range: 8.570% - 90.000%
Weighted Average Combined LTV: 70.507
Combined LTV Range: 10.000% - 90.000%
- --------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
5.50% < Gross Coupon <= 6.00% 2 92,605.72 0.03
6.50% < Gross Coupon <= 7.00% 2 562,260.65 0.20
7.00% < Gross Coupon <= 7.50% 5 437,075.15 0.16
7.50% < Gross Coupon <= 7.75% 10 1,613,559.28 0.58
7.75% < Gross Coupon <= 8.00% 29 3,281,907.64 1.18
8.00% < Gross Coupon <= 8.25% 46 4,511,386.34 1.63
8.25% < Gross Coupon <= 8.50% 88 9,071,383.93 3.27
8.50% < Gross Coupon <= 8.75% 111 11,989,576.73 4.32
8.75% < Gross Coupon <= 9.00% 201 20,043,510.96 7.22
9.00% < Gross Coupon <= 9.25% 121 11,977,101.17 4.32
9.25% < Gross Coupon <= 9.50% 253 24,393,538.06 8.79
9.50% < Gross Coupon <= 9.75% 210 18,577,684.96 6.70
9.75% < Gross Coupon <= 10.00% 384 34,895,430.38 12.58
10.00% < Gross Coupon <= 10.25% 168 13,896,302.07 5.01
10.25% < Gross Coupon <= 10.50% 240 19,319,971.21 6.96
10.50% < Gross Coupon <= 10.75% 214 16,745,757.28 6.04
10.75% < Gross Coupon <= 11.00% 240 18,384,762.17 6.63
11.00% < Gross Coupon <= 11.25% 132 8,798,094.26 3.17
11.25% < Gross Coupon <= 11.50% 172 11,612,374.29 4.18
11.50% < Gross Coupon <= 11.75% 133 8,581,720.86 3.09
11.75% < Gross Coupon <= 12.00% 140 9,337,349.03 3.37
12.00% < Gross Coupon <= 12.25% 98 5,008,867.46 1.81
12.25% < Gross Coupon <= 12.50% 108 5,909,224.34 2.13
12.50% < Gross Coupon <= 12.75% 79 3,902,316.32 1.41
12.75% < Gross Coupon <= 13.00% 57 2,759,496.43 0.99
13.00% < Gross Coupon <= 13.25% 54 2,654,952.89 0.96
13.25% < Gross Coupon <= 13.50% 47 2,705,035.08 0.97
13.50% < Gross Coupon <= 13.75% 28 1,084,660.72 0.39
13.75% < Gross Coupon <= 14.00% 32 1,551,179.58 0.56
14.00% < Gross Coupon <= 14.25% 16 613,970.41 0.22
14.25% < Gross Coupon <= 14.50% 20 918,429.58 0.33
14.50% < Gross Coupon <= 14.75% 12 533,217.24 0.19
14.75% < Gross Coupon <= 15.00% 9 630,965.72 0.23
15.00% < Gross Coupon <= 15.25% 4 179,478.27 0.06
15.25% < Gross Coupon <= 15.50% 8 482,241.69 0.17
15.50% < Gross Coupon <= 15.75% 1 30,450.00 0.01
15.75% < Gross Coupon <= 16.00% 6 224,148.49 0.08
16.00% < Gross Coupon <= 16.25% 2 126,121.12 0.05
17.00% < Gross Coupon <= 17.25% 2 38,309.16 0.01
- ----------------------------------------------------------------------------
Total.......... 3484 $277,476,416.64 100.00%
============================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
108 < Orig. Term <= 120 18 971,888.73 0.35%
168 < Orig. Term <= 180 749 42,686,362.36 15.38%
228 < Orig. Term <= 240 74 4,638,944.61 1.67%
288 < Orig. Term <= 300 1 23,951.87 0.01%
348 < Orig. Term <= 360 2,642 229,155,269.07 82.59%
- -------------------------------------------------------------------
Total............ 3,484 277,476,416.64 100.00%
===================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
108 < Rem Term <= 120 18 971,888.73 0.35%
156 < Rem Term <= 168 3 162,946.97 0.06%
168 < Rem Term <= 180 746 42,523,415.39 15.33%
228 < Rem Term <= 240 74 4,638,944.61 1.67%
288 < Rem Term <= 300 1 23,951.87 0.01%
324 < Rem Term <= 336 2 107,169.97 0.04%
336 < Rem Term <= 348 8 468,372.58 0.17%
348 < Rem Term <= 360 2,632 228,579,726.52 82.38%
- -------------------------------------------------------------------
Total............ 3,484 277,476,416.64 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 70 4,561,620.03 1.64%
0 < Age <= 12 3,402 272,257,212.61 98.12%
12 < Age <= 24 10 550,414.03 0.20%
24 < Age <= 36 2 107,169.97 0.04%
- -------------------------------------------------------------------
Total............ 3,484 277,476,416.64 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
5.000 < CLTV <= 10.000 1 11,510.82 0.00
10.000 < CLTV <= 15.000 6 143,931.34 0.05
15.000 < CLTV <= 20.000 20 702,587.30 0.25
20.000 < CLTV <= 25.000 24 789,055.62 0.28
25.000 < CLTV <= 30.000 40 1,736,194.77 0.63
30.000 < CLTV <= 35.000 62 2,654,970.77 0.96
35.000 < CLTV <= 40.000 68 4,522,268.32 1.63
40.000 < CLTV <= 45.000 84 4,811,003.25 1.73
45.000 < CLTV <= 50.000 139 8,358,019.34 3.01
50.000 < CLTV <= 55.000 142 9,080,864.23 3.27
55.000 < CLTV <= 60.000 296 19,019,342.98 6.85
60.000 < CLTV <= 65.000 366 26,004,133.54 9.37
65.000 < CLTV <= 70.000 574 41,286,169.39 14.88
70.000 < CLTV <= 75.000 663 59,469,170.94 21.43
75.000 < CLTV <= 80.000 697 66,521,259.03 23.97
80.000 < CLTV <= 85.000 205 22,282,423.43 8.03
85.000 < CLTV <= 90.000 97 10,083,511.57 3.63
- --------------------------------------------------------------------------
Total.................... 3,484 $277,476,416.64 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
0 < Balance <= 5,000 1 668.26 0.00
5,000 < Balance <= 10,000 2 19,905.08 0.01
10,000 < Balance <= 15,000 18 236,889.92 0.09
15,000 < Balance <= 20,000 86 1,632,185.45 0.59
20,000 < Balance <= 25,000 162 3,708,536.44 1.34
25,000 < Balance <= 30,000 166 4,670,827.41 1.68
30,000 < Balance <= 35,000 206 6,759,564.15 2.44
35,000 < Balance <= 40,000 188 7,136,373.43 2.57
40,000 < Balance <= 45,000 201 8,638,779.06 3.11
45,000 < Balance <= 50,000 232 11,131,273.58 4.01
50,000 < Balance <= 55,000 193 10,147,149.26 3.66
55,000 < Balance <= 60,000 207 11,969,048.11 4.31
60,000 < Balance <= 65,000 174 10,928,816.92 3.94
65,000 < Balance <= 70,000 153 10,373,848.15 3.74
70,000 < Balance <= 75,000 130 9,469,084.61 3.41
75,000 < Balance <= 80,000 130 10,154,703.44 3.66
80,000 < Balance <= 85,000 115 9,494,065.44 3.42
85,000 < Balance <= 90,000 108 9,494,755.28 3.42
90,000 < Balance <= 95,000 87 8,096,799.95 2.92
95,000 < Balance <= 100,000 104 10,162,625.49 3.66
100,000 < Balance <= 105,000 81 8,352,533.05 3.01
105,000 < Balance <= 110,000 70 7,534,098.20 2.72
110,000 < Balance <= 115,000 64 7,202,110.72 2.60
115,000 < Balance <= 120,000 68 8,016,034.97 2.89
120,000 < Balance <= 125,000 54 6,628,699.17 2.39
125,000 < Balance <= 130,000 37 4,721,539.51 1.70
130,000 < Balance <= 135,000 35 4,651,113.81 1.68
135,000 < Balance <= 140,000 42 5,796,788.32 2.09
140,000 < Balance <= 145,000 25 3,575,223.05 1.29
145,000 < Balance <= 150,000 30 4,440,075.96 1.60
150,000 < Balance <= 200,000 165 28,160,099.89 10.15
200,000 < Balance <= 250,000 60 13,459,014.59 4.85
250,000 < Balance <= 300,000 39 10,792,267.72 3.89
300,000 < Balance <= 350,000 19 6,055,428.00 2.18
350,000 < Balance <= 400,000 13 4,874,593.51 1.76
400,000 < Balance <= 450,000 8 3,438,600.89 1.24
450,000 < Balance <= 500,000 10 4,769,050.28 1.72
750,000 < Balance 1 783,245.57 0.28
- --------------------------------------------------------------------------
Total.................... 3484 $277,476,416.64 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AR 14 544,001.86 0.20
AZ 110 6,620,225.02 2.39
CA 897 95,313,813.36 34.35
CO 118 10,681,678.30 3.85
CT 19 1,909,192.82 0.69
DC 10 744,700.57 0.27
DE 3 142,950.29 0.05
FL 408 25,479,161.09 9.18
GA 81 5,209,685.74 1.88
HI 104 19,827,444.70 7.15
IA 11 529,833.32 0.19
ID 30 1,851,391.77 0.67
IL 153 8,716,084.30 3.14
IN 109 4,672,282.01 1.68
KS 4 177,468.43 0.06
KY 21 1,006,627.25 0.36
LA 38 1,759,904.89 0.63
MA 33 2,401,181.46 0.87
MD 32 2,038,271.38 0.73
ME 8 540,440.08 0.19
MI 88 4,844,600.28 1.75
MN 48 3,722,630.51 1.34
MO 63 2,562,896.36 0.92
MS 18 743,348.74 0.27
MT 8 777,259.46 0.28
NC 66 3,032,591.97 1.09
NE 3 124,044.60 0.04
NH 17 1,038,139.88 0.37
NJ 24 2,379,482.91 0.86
NM 37 3,069,184.86 1.11
NV 41 4,158,088.68 1.50
NY 59 6,447,846.82 2.32
OH 124 6,690,548.14 2.41
OK 12 689,211.18 0.25
OR 96 7,780,757.39 2.80
PA 118 6,270,231.37 2.26
RI 10 1,147,019.77 0.41
SC 34 1,813,708.77 0.65
TN 25 1,742,300.30 0.63
TX 151 8,291,140.85 2.99
UT 87 8,585,844.13 3.09
VA 21 1,457,778.71 0.53
WA 95 8,092,433.20 2.92
WI 16 836,819.58 0.30
WV 9 401,415.23 0.14
WY 11 610,754.31 0.22
- --------------------------------------------------------------------------
Total............... 3484 $277,476,416.64 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 3061 242,832,269.50 87.51
Low-Rise Condo 1 147,552.88 0.05
Manufactured Housing 13 622,970.04 0.22
PUD 55 5,958,424.72 2.15
Townhouses 12 783,646.66 0.28
Condominiums 137 9,192,436.49 3.31
2-4 Family 192 17,219,990.67 6.21
Mobile Home 12 672,354.77 0.24
Other 1 46,770.91 0.02
- --------------------------------------------------------------------------
Total............... 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2978 248,494,775.16 89.56
Non Owner Occ. 506 28,981,641.48 10.44
- --------------------------------------------------------------------------
Total.................. 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
LOAN TYPE Loans Balance Balance
10/6 1 29,568.84 0.01
5/6 86 9,307,679.94 3.35
FIXED 3397 268,139,167.86 96.63
- --------------------------------------------------------------------------
Total.................. 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 3479 277,287,146.67 99.93
2 5 189,269.97 0.07
- --------------------------------------------------------------------------
Total............... 3484 $277,476,416.64 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Type of Loan Loans Balance Balance
1 96 10,158,688.39 3.66
2 1949 174,164,673.69 62.77
3 666 49,988,442.71 18.02
4 219 11,119,059.82 4.01
5 554 32,045,552.03 11.55
- -----------------------------------------------------------------
Total.......... 3484 $277,476,416.64 100.00%
=================================================================
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 1139 75,683,640.82 27.28
Yes 2345 201,792,775.82 72.72
- --------------------------------------------------------------------------
Total.................. 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ACCREDITED 2 250,361.99 0.09
ADMIRAL 10 776,214.07 0.28
ALTERNATIVE LENDING 17 1,134,527.16 0.41
AMRESCO 1056 74,520,823.89 26.86
BNC 119 8,476,576.87 3.05
CFI MTG CORP 15 1,020,793.10 0.37
DLJ 1 64,878.26 0.02
FIRST COLONY 43 3,602,210.20 1.30
FREMONT INV 5 477,250.91 0.17
INVESTAID 14 753,341.40 0.27
LONG BEACH 1254 106,622,502.02 38.43
NATIONAL MORTGAGE 38 3,189,793.76 1.15
NEW CENTURY 442 40,252,518.25 14.51
OPTION ONE 351 25,974,350.75 9.36
PAN AMERICAN 13 1,221,674.04 0.44
PROVIDIAN 2 150,145.32 0.05
QUALITY 7 275,480.55 0.10
SAN DIEGO HOME 13 2,735,007.60 0.99
TEMPLE INLAND 1 23,308.81 0.01
UNITED LENDING 65 4,949,379.91 1.78
WALSH SECURITIES 1 46,770.91 0.02
WEYERHAEUSER 15 958,506.87 0.35
- --------------------------------------------------------------------------
Total............... 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 3332 266,082,561.52 95.89
Partially Amortizing 152 11,393,855.12 4.11
- --------------------------------------------------------------------------
Total.................. 3484 $277,476,416.64 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
ARMS INCLUDED IN FIXED GROUP
LOAN SUMMARY STRATIFIED BY
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
07/01/99 1 $59,660.18 00.64
03/01/00 1 $47,509.79 00.51
08/01/00 1 $81,855.46 00.88
02/01/02 27 $2,765,554.86 29.62
03/01/02 12 $1,226,551.59 13.14
04/01/02 25 $2,714,044.79 29.07
05/01/02 17 $2,312,428.27 24.77
06/01/02 2 $100,075.00 01.07
07/01/05 1 $29,568.84 00.32
- --------------------------------------------------------------------------
Total........ 87 $9,337,248.78 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
4.500 < Margin <= 5.000 10 1,394,477.84 14.93
5.000 < Margin <= 5.500 11 1,481,872.80 15.87
5.500 < Margin <= 6.000 11 1,001,902.13 10.73
6.000 < Margin <= 6.500 21 1,642,229.60 17.59
6.500 < Margin <= 7.000 20 2,033,728.60 21.78
7.000 < Margin <= 7.500 9 1,037,587.68 11.11
7.500 < Margin <= 8.000 3 641,606.68 6.87
8.000 < Margin <= 8.500 1 26,917.64 0.29
8.500 < Margin <= 9.000 1 76,925.81 0.82
- --------------------------------------------------------------------------
Total................. 87 $ 9,337,248.78 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
LIFE CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
13.000 < LIFE CAP <= 13.500 1 207,310.68 2.22
13.500 < LIFE CAP <= 14.000 1 42,671.76 0.46
14.000 < LIFE CAP <= 14.500 4 554,588.68 5.94
14.500 < LIFE CAP <= 15.000 12 790,292.30 8.46
15.000 < LIFE CAP <= 15.500 11 1,389,765.62 14.88
15.500 < LIFE CAP <= 16.000 11 1,993,600.22 21.35
16.000 < LIFE CAP <= 16.500 5 624,798.96 6.69
16.500 < LIFE CAP <= 17.000 9 900,391.88 9.64
17.000 < LIFE CAP <= 17.500 6 572,605.13 6.13
17.500 < LIFE CAP <= 18.000 5 246,372.56 2.64
18.000 < LIFE CAP <= 18.500 9 653,177.12 7.00
18.500 < LIFE CAP <= 19.000 5 274,523.48 2.94
19.000 < LIFE CAP <= 19.500 2 106,494.65 1.14
19.500 < LIFE CAP <= 20.000 2 145,411.78 1.56
20.000 < LIFE CAP <= 20.500 2 747,876.14 8.01
20.500 < LIFE CAP <= 21.000 1 36,984.85 0.40
21.000 < LIFE CAP <= 21.500 1 50,382.97 0.54
- --------------------------------------------------------------------------
Total................. 87 $9,337,248.78 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
4.500 < Life Floor <= 5.000 2 368,291.47 3.94
5.000 < Life Floor <= 5.500 7 1,046,498.78 11.21
5.500 < Life Floor <= 6.000 3 167,813.98 1.80
6.000 < Life Floor <= 6.500 3 144,802.30 1.55
6.500 < Life Floor <= 7.000 7 640,363.77 6.86
7.000 < Life Floor <= 7.500 6 336,535.82 3.60
7.500 < Life Floor <= 8.000 6 1,122,314.55 12.02
8.000 < Life Floor <= 8.500 12 790,292.30 8.46
8.500 < Life Floor <= 9.000 14 2,078,402.92 22.26
9.000 < Life Floor <= 9.500 3 290,151.44 3.11
9.500 < Life Floor <= 10.000 7 794,650.88 8.51
10.000 < Life Floor <= 10.500 6 573,730.66 6.14
10.500 < Life Floor <= 11.000 2 144,134.17 1.54
11.000 < Life Floor <= 11.500 4 395,274.83 4.23
11.500 < Life Floor <= 12.000 2 76,902.45 0.82
12.500 < Life Floor <= 13.000 1 76,925.81 0.82
13.000 < Life Floor <= 13.500 2 290,162.65 3.11
- --------------------------------------------------------------------------
Total................. 87 $ 9,337,248.78 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
- --------------------------------------------------------------------------------
- AMRESCO72
- Cut Off Date of Tape is 04/30/97
- ADJUSTABLE RATE COLLATERAL (06/01/97 Scheduled Balance)
- $316,683,005.45
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 3,135
Lien Status: First Lien Loans
Index: 6 Month LIBOR
Aggregate Unpaid Principal Balance: $316,683,005.45
Aggregate Original Principal Balance: $317,421,192.00
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 10.013%
Gross Coupon Range: 5.593% - 16.680%
Weighted Average Margin (Gross): 5.822%
Gross Margin Range: 4.250% - 9.990%
Weighted Average Life Cap (Gross): 16.358%
Gross Life Cap Range: 10.713% - 23.680%
Weighted Average Life Floor (Gross): 9.858%
Gross Life Floor Range: 4.875% - 16.680%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $101,015.31
Average Original Principal Balance: $101,250.78
Maximum Unpaid Principal Balance: $1,449,214.55
Minimum Unpaid Principal Balance: $9,989.44
Maximum Original Principal Balance: $1,450,000.00
Minimum Original Principal Balance: $10,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 355.981
Stated Rem Term Range: 163.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru): 3.103
Age Range: 0.000 - 24.000
Weighted Average Original Term: 359.084
Original Term Range: 180.000 - 360.000
Weighted Average Original LTV: 73.704
Original LTV Range: 12.000% - 90.000%
Weighted Average Periodic Interest Cap: 1.089%
Periodic Interest Cap Range: 1.000% - 3.000%
Weighted Average Months to Interest Roll: 17.155
Months to Interest Roll Range: 1 - 36
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
- --------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
5.50% < Gross Coupon <= 6.00% 2 168,972.38 0.05
6.00% < Gross Coupon <= 6.50% 8 936,047.23 0.30
6.50% < Gross Coupon <= 7.00% 13 2,015,143.49 0.64
7.00% < Gross Coupon <= 7.50% 26 3,360,519.07 1.06
7.50% < Gross Coupon <= 7.75% 31 3,677,170.25 1.16
7.75% < Gross Coupon <= 8.00% 48 6,667,892.83 2.11
8.00% < Gross Coupon <= 8.25% 47 4,719,823.77 1.49
8.25% < Gross Coupon <= 8.50% 113 14,386,118.12 4.54
8.50% < Gross Coupon <= 8.75% 128 16,874,717.75 5.33
8.75% < Gross Coupon <= 9.00% 200 25,933,176.22 8.19
9.00% < Gross Coupon <= 9.25% 133 16,714,090.64 5.28
9.25% < Gross Coupon <= 9.50% 197 23,252,428.75 7.34
9.50% < Gross Coupon <= 9.75% 238 27,080,320.32 8.55
9.75% < Gross Coupon <= 10.00% 313 34,014,650.73 10.74
10.00% < Gross Coupon <= 10.25% 187 16,819,919.80 5.31
10.25% < Gross Coupon <= 10.50% 215 21,820,163.41 6.89
10.50% < Gross Coupon <= 10.75% 239 21,614,347.94 6.83
10.75% < Gross Coupon <= 11.00% 237 21,329,025.92 6.74
11.00% < Gross Coupon <= 11.25% 128 10,332,594.53 3.26
11.25% < Gross Coupon <= 11.50% 112 9,420,084.45 2.97
11.50% < Gross Coupon <= 11.75% 115 8,784,442.61 2.77
11.75% < Gross Coupon <= 12.00% 73 4,676,132.32 1.48
12.00% < Gross Coupon <= 12.25% 51 3,480,713.94 1.10
12.25% < Gross Coupon <= 12.50% 58 3,671,910.62 1.16
12.50% < Gross Coupon <= 12.75% 34 1,860,240.28 0.59
12.75% < Gross Coupon <= 13.00% 33 2,576,642.32 0.81
13.00% < Gross Coupon <= 13.25% 16 1,038,201.40 0.33
13.25% < Gross Coupon <= 13.50% 25 2,001,824.18 0.63
13.50% < Gross Coupon <= 13.75% 16 994,923.72 0.31
13.75% < Gross Coupon <= 14.00% 16 1,097,035.35 0.35
14.00% < Gross Coupon <= 14.25% 16 986,728.17 0.31
14.25% < Gross Coupon <= 14.50% 11 693,136.09 0.22
14.50% < Gross Coupon <= 14.75% 6 380,572.57 0.12
14.75% < Gross Coupon <= 15.00% 25 1,548,648.04 0.49
15.00% < Gross Coupon <= 15.25% 12 777,826.11 0.25
15.25% < Gross Coupon <= 15.50% 5 314,654.18 0.10
15.50% < Gross Coupon <= 15.75% 3 218,708.75 0.07
15.75% < Gross Coupon <= 16.00% 3 312,594.81 0.10
16.00% < Gross Coupon <= 16.25% 1 69,968.31 0.02
16.50% < Gross Coupon <= 16.75% 1 60,894.08 0.02
- ----------------------------------------------------------------------------
Total.......... 3135 $316,683,005.45 100.00%
============================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
168 < Orig. Term <= 180 37 1,611,083.39 0.51%
348 < Orig. Term <= 360 3,098 315,071,922.06 99.49%
- -------------------------------------------------------------------
Total............ 3,135 316,683,005.45 100.00%
===================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
156 < Rem Term <= 168 1 14,491.40 0.00%
168 < Rem Term <= 180 36 1,596,591.99 0.50%
324 < Rem Term <= 336 1 134,666.48 0.04%
336 < Rem Term <= 348 9 1,103,054.52 0.35%
348 < Rem Term <= 360 3,088 313,834,201.06 99.10%
- -------------------------------------------------------------------
Total............ 3,135 316,683,005.45 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 50 4,224,700.01 1.33%
0 < Age <= 12 3,076 311,497,295.41 98.36%
12 < Age <= 24 9 961,010.03 0.30%
- -------------------------------------------------------------------
Total............ 3,135 316,683,005.45 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
10.000 < CLTV <= 15.000 4 293,832.78 0.09
15.000 < CLTV <= 20.000 2 79,832.99 0.03
20.000 < CLTV <= 25.000 9 420,808.79 0.13
25.000 < CLTV <= 30.000 10 531,981.88 0.17
30.000 < CLTV <= 35.000 19 1,024,015.32 0.32
35.000 < CLTV <= 40.000 29 1,608,908.25 0.51
40.000 < CLTV <= 45.000 26 2,329,319.18 0.74
45.000 < CLTV <= 50.000 63 5,539,764.88 1.75
50.000 < CLTV <= 55.000 81 6,791,690.71 2.14
55.000 < CLTV <= 60.000 173 13,546,936.35 4.28
60.000 < CLTV <= 65.000 409 34,750,172.27 10.97
65.000 < CLTV <= 70.000 524 47,694,023.85 15.06
70.000 < CLTV <= 75.000 591 60,740,666.38 19.18
75.000 < CLTV <= 80.000 808 94,032,421.97 29.69
80.000 < CLTV <= 85.000 161 18,876,952.17 5.96
85.000 < CLTV <= 90.000 226 28,421,677.68 8.97
- --------------------------------------------------------------------------
Total.................... 3,135 $316,683,005.45 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
4.000 < Margin <= 4.500 87 8,697,448.20 2.75
4.500 < Margin <= 5.000 438 46,971,566.10 14.83
5.000 < Margin <= 5.500 860 95,792,600.87 30.25
5.500 < Margin <= 6.000 594 61,830,615.47 19.52
6.000 < Margin <= 6.500 500 49,614,022.83 15.67
6.500 < Margin <= 7.000 299 26,894,223.30 8.49
7.000 < Margin <= 7.500 192 15,005,093.37 4.74
7.500 < Margin <= 8.000 108 7,017,659.27 2.22
8.000 < Margin <= 8.500 38 3,003,818.26 0.95
8.500 < Margin <= 9.000 12 1,064,842.92 0.34
9.000 < Margin <= 9.500 4 561,842.04 0.18
9.500 < Margin <= 10.000 3 229,272.82 0.07
- --------------------------------------------------------------------------
Total................. 3,135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED
BY LIFE CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
10.500 < LIFE CAP <= 11.000 1 96,327.58 0.03
11.500 < LIFE CAP <= 12.000 1 45,850.89 0.01
12.000 < LIFE CAP <= 12.500 6 666,283.86 0.21
12.500 < LIFE CAP <= 13.000 12 1,862,491.51 0.59
13.000 < LIFE CAP <= 13.500 27 3,371,526.75 1.06
13.500 < LIFE CAP <= 14.000 65 8,734,736.38 2.76
14.000 < LIFE CAP <= 14.500 124 13,883,954.71 4.38
14.500 < LIFE CAP <= 15.000 237 30,246,114.46 9.55
15.000 < LIFE CAP <= 15.500 284 35,440,127.79 11.19
15.500 < LIFE CAP <= 16.000 456 52,403,553.80 16.55
16.000 < LIFE CAP <= 16.500 364 39,311,674.94 12.41
16.500 < LIFE CAP <= 17.000 486 47,218,263.83 14.91
17.000 < LIFE CAP <= 17.500 300 26,491,183.13 8.37
17.500 < LIFE CAP <= 18.000 260 21,584,204.51 6.82
18.000 < LIFE CAP <= 18.500 151 10,639,228.61 3.36
18.500 < LIFE CAP <= 19.000 123 8,294,625.28 2.62
19.000 < LIFE CAP <= 19.500 57 3,887,303.59 1.23
19.500 < LIFE CAP <= 20.000 47 3,178,857.47 1.00
20.000 < LIFE CAP <= 20.500 38 2,616,992.36 0.83
20.500 < LIFE CAP <= 21.000 20 1,601,854.37 0.51
21.000 < LIFE CAP <= 21.500 25 1,646,650.47 0.52
21.500 < LIFE CAP <= 22.000 28 1,800,062.35 0.57
22.000 < LIFE CAP <= 22.500 15 998,970.86 0.32
22.500 < LIFE CAP <= 23.000 6 531,303.56 0.17
23.000 < LIFE CAP <= 23.500 1 69,968.31 0.02
23.500 < LIFE CAP <= 24.000 1 60,894.08 0.02
- --------------------------------------------------------------------------
Total................. 3135 $316,683,005.45 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
4.500 < Life Floor <= 5.000 2 329,749.97 0.10
5.000 < Life Floor <= 5.500 2 211,724.42 0.07
5.500 < Life Floor <= 6.000 19 2,847,915.54 0.90
6.000 < Life Floor <= 6.500 43 6,386,278.63 2.02
6.500 < Life Floor <= 7.000 33 4,586,613.74 1.45
7.000 < Life Floor <= 7.500 49 5,954,659.42 1.88
7.500 < Life Floor <= 8.000 91 11,309,196.81 3.57
8.000 < Life Floor <= 8.500 149 17,044,701.34 5.38
8.500 < Life Floor <= 9.000 305 38,425,339.32 12.13
9.000 < Life Floor <= 9.500 322 39,131,432.51 12.36
9.500 < Life Floor <= 10.000 533 58,974,235.09 18.62
10.000 < Life Floor <= 10.500 389 36,870,264.86 11.64
10.500 < Life Floor <= 11.000 463 41,422,216.95 13.08
11.000 < Life Floor <= 11.500 233 18,938,602.79 5.98
11.500 < Life Floor <= 12.000 184 13,132,537.99 4.15
12.000 < Life Floor <= 12.500 105 6,780,347.83 2.14
12.500 < Life Floor <= 13.000 62 4,049,454.30 1.28
13.000 < Life Floor <= 13.500 41 3,040,025.58 0.96
13.500 < Life Floor <= 14.000 29 1,945,634.86 0.61
14.000 < Life Floor <= 14.500 26 1,653,472.88 0.52
14.500 < Life Floor <= 15.000 31 1,929,220.61 0.61
15.000 < Life Floor <= 15.500 16 1,057,214.06 0.33
15.500 < Life Floor <= 16.000 6 531,303.56 0.17
16.000 < Life Floor <= 16.500 1 69,968.31 0.02
16.500 < Life Floor <= 17.000 1 60,894.08 0.02
- --------------------------------------------------------------------------
Total................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
07/01/97 218 $26,245,819.81 08.29
08/01/97 71 $8,596,894.77 02.71
09/01/97 215 $23,779,914.54 07.51
10/01/97 135 $15,389,079.54 04.86
11/01/97 134 $14,185,552.30 04.48
12/01/97 69 $8,310,743.02 02.62
08/01/98 2 $514,502.11 00.16
10/01/98 4 $350,873.49 00.11
11/01/98 7 $628,274.64 00.20
12/01/98 22 $1,828,921.83 00.58
01/01/99 94 $11,633,398.05 03.67
02/01/99 127 $13,530,897.90 04.27
03/01/99 556 $55,739,041.69 17.60
04/01/99 624 $60,721,875.52 19.17
05/01/99 385 $34,860,695.98 11.01
06/01/99 37 $2,319,760.01 00.73
08/01/99 1 $67,249.15 00.02
11/01/99 1 $107,115.43 00.03
12/01/99 13 $1,152,520.83 00.36
01/01/00 177 $15,953,923.66 05.04
02/01/00 35 $3,727,397.79 01.18
03/01/00 136 $11,248,192.97 03.55
04/01/00 47 $3,698,441.40 01.17
05/01/00 23 $1,834,919.02 00.58
06/01/00 2 $257,000.00 00.08
- --------------------------------------------------------------------------
Total........ 3135 $316,683,005.45 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance <= 10,000 1 9,989.44 0.00
10,000 < Balance <= 15,000 7 91,775.35 0.03
15,000 < Balance <= 20,000 27 502,498.46 0.16
20,000 < Balance <= 25,000 57 1,304,914.67 0.41
25,000 < Balance <= 30,000 79 2,201,351.42 0.70
30,000 < Balance <= 35,000 116 3,760,528.92 1.19
35,000 < Balance <= 40,000 109 4,140,491.64 1.31
40,000 < Balance <= 45,000 117 5,032,136.83 1.59
45,000 < Balance <= 50,000 150 7,166,525.21 2.26
50,000 < Balance <= 55,000 138 7,259,120.26 2.29
55,000 < Balance <= 60,000 170 9,860,580.96 3.11
60,000 < Balance <= 65,000 139 8,729,167.57 2.76
65,000 < Balance <= 70,000 120 8,115,966.70 2.56
70,000 < Balance <= 75,000 138 10,043,652.37 3.17
75,000 < Balance <= 80,000 137 10,645,679.38 3.36
80,000 < Balance <= 85,000 120 9,955,516.92 3.14
85,000 < Balance <= 90,000 119 10,426,644.12 3.29
90,000 < Balance <= 95,000 117 10,835,342.85 3.42
95,000 < Balance <= 100,000 115 11,253,985.82 3.55
100,000 < Balance <= 105,000 108 11,145,575.81 3.52
105,000 < Balance <= 110,000 79 8,523,318.37 2.69
110,000 < Balance <= 115,000 70 7,876,188.09 2.49
115,000 < Balance <= 120,000 84 9,908,412.06 3.13
120,000 < Balance <= 125,000 54 6,632,856.92 2.09
125,000 < Balance <= 130,000 67 8,556,395.68 2.70
130,000 < Balance <= 135,000 59 7,823,806.08 2.47
135,000 < Balance <= 140,000 60 8,088,358.45 2.55
140,000 < Balance <= 145,000 39 5,576,661.41 1.76
145,000 < Balance <= 150,000 47 6,952,793.40 2.20
150,000 < Balance <= 200,000 247 42,590,595.63 13.45
200,000 < Balance <= 250,000 118 26,218,806.26 8.28
250,000 < Balance <= 300,000 50 13,761,349.17 4.35
300,000 < Balance <= 350,000 33 10,702,653.94 3.38
350,000 < Balance <= 400,000 19 7,185,316.82 2.27
400,000 < Balance <= 450,000 7 3,034,976.26 0.96
450,000 < Balance <= 500,000 10 4,859,428.82 1.53
500,000 < Balance <= 550,000 3 1,559,649.40 0.49
550,000 < Balance <= 600,000 1 598,901.85 0.19
650,000 < Balance <= 700,000 1 666,940.46 0.21
700,000 < Balance <= 750,000 1 715,000.00 0.23
750,000 < Balance 2 2,369,151.68 0.75
- --------------------------------------------------------------------------
Total.................... 3135 $316,683,005.45 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance <= 10,000 1 9,989.44 0.00
10,000 < Balance <= 15,000 7 91,775.35 0.03
15,000 < Balance <= 20,000 27 502,498.46 0.16
20,000 < Balance <= 25,000 57 1,304,914.67 0.41
25,000 < Balance <= 30,000 79 2,201,351.42 0.70
30,000 < Balance <= 35,000 116 3,760,528.92 1.19
35,000 < Balance <= 40,000 111 4,219,159.32 1.33
40,000 < Balance <= 45,000 119 5,120,372.53 1.62
45,000 < Balance <= 50,000 148 7,078,289.51 2.24
50,000 < Balance <= 55,000 137 7,219,904.33 2.28
55,000 < Balance <= 60,000 170 9,860,580.96 3.11
60,000 < Balance <= 65,000 139 8,729,167.57 2.76
65,000 < Balance <= 70,000 121 8,185,664.65 2.58
70,000 < Balance <= 75,000 138 10,043,652.37 3.17
75,000 < Balance <= 80,000 138 10,725,661.35 3.39
80,000 < Balance <= 85,000 121 10,045,338.10 3.17
85,000 < Balance <= 90,000 118 10,346,796.54 3.27
90,000 < Balance <= 95,000 120 11,124,175.70 3.51
95,000 < Balance <= 100,000 112 10,975,089.13 3.47
100,000 < Balance <= 105,000 107 11,045,684.08 3.49
105,000 < Balance <= 110,000 80 8,629,562.36 2.72
110,000 < Balance <= 115,000 71 7,991,168.54 2.52
115,000 < Balance <= 120,000 83 9,793,431.61 3.09
120,000 < Balance <= 125,000 54 6,632,856.92 2.09
125,000 < Balance <= 130,000 68 8,686,130.75 2.74
130,000 < Balance <= 135,000 60 7,963,599.34 2.51
135,000 < Balance <= 140,000 55 7,603,436.43 2.40
140,000 < Balance <= 145,000 39 5,576,661.41 1.76
145,000 < Balance <= 150,000 49 7,252,734.46 2.29
150,000 < Balance <= 200,000 247 42,689,271.23 13.48
200,000 < Balance <= 250,000 116 25,820,189.60 8.15
250,000 < Balance <= 300,000 50 13,761,349.17 4.35
300,000 < Balance <= 350,000 33 10,702,653.94 3.38
350,000 < Balance <= 400,000 19 7,185,316.82 2.27
400,000 < Balance <= 450,000 7 3,034,976.26 0.96
450,000 < Balance <= 500,000 10 4,859,428.82 1.53
500,000 < Balance <= 550,000 3 1,559,649.40 0.49
550,000 < Balance <= 600,000 1 598,901.85 0.19
650,000 < Balance <= 700,000 1 666,940.46 0.21
700,000 < Balance <= 750,000 1 715,000.00 0.23
750,000 < Balance 2 2,369,151.68 0.75
- --------------------------------------------------------------------------
Total.................... 3135 $316,683,005.45 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AR 1 43,822.72 0.01
AZ 72 8,030,684.19 2.54
CA 432 59,815,815.58 18.89
CO 117 13,293,371.19 4.20
CT 72 8,250,977.90 2.61
DC 16 1,714,910.49 0.54
DE 5 530,985.76 0.17
FL 210 18,535,132.19 5.85
GA 76 8,268,855.97 2.61
HI 40 7,768,764.81 2.45
IA 5 358,781.67 0.11
ID 13 1,859,391.01 0.59
IL 255 22,822,861.38 7.21
IN 68 3,941,176.16 1.24
KS 11 2,348,506.51 0.74
KY 37 2,337,946.09 0.74
LA 6 385,073.20 0.12
MA 120 12,873,676.11 4.07
MD 91 8,433,361.88 2.66
ME 20 1,387,892.65 0.44
MI 113 10,085,055.12 3.18
MN 68 5,693,782.78 1.80
MO 79 3,987,648.15 1.26
MS 1 45,479.22 0.01
MT 3 301,293.31 0.10
NC 100 7,139,174.23 2.25
NE 4 202,073.97 0.06
NH 19 1,923,832.49 0.61
NJ 24 3,089,980.84 0.98
NM 39 3,304,762.28 1.04
NV 69 7,861,581.83 2.48
NY 47 5,107,712.83 1.61
OH 117 8,263,508.51 2.61
OK 1 71,912.46 0.02
OR 90 9,689,327.25 3.06
PA 87 7,028,373.75 2.22
RI 47 4,370,114.51 1.38
SC 19 1,245,614.83 0.39
TN 4 417,206.53 0.13
TX 81 6,597,361.20 2.08
UT 119 13,002,916.75 4.11
VA 78 8,836,898.03 2.79
VT 2 109,037.50 0.03
WA 172 19,076,536.56 6.02
WI 70 4,970,618.99 1.57
WV 9 816,096.02 0.26
WY 6 443,118.05 0.14
- --------------------------------------------------------------------------
Total............... 3135 $316,683,005.45 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 2732 275,040,214.44 86.85
Low-Rise Condo 10 1,690,324.26 0.53
Manufactured Housing 1 68,121.19 0.02
PUD 105 14,498,103.66 4.58
Townhouses 3 181,289.43 0.06
Condominiums 115 9,726,796.13 3.07
2-4 Family 169 15,478,156.34 4.89
- --------------------------------------------------------------------------
Total............... 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2791 292,197,037.29 92.27
Non Owner Occ. 344 24,485,968.16 7.73
- --------------------------------------------------------------------------
Total.................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
PRODUCT TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
County Loans Balance Balance
2/6 1858 182,128,241.22 57.51
3/6 435 38,046,760.25 12.01
6 MO LIBOR 842 96,508,003.98 30.47
- --------------------------------------------------------------------------
Total.................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 3135 316,683,005.45 100.00
- --------------------------------------------------------------------------
Total............... 3135 $316,683,005.45 100.00%
==========================================================================
<PAGE>
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Type of Loan Loans Balance Balance
1 40 4,233,647.31 1.34
2 1528 177,599,478.21 56.08
3 787 76,686,240.21 24.22
4 213 16,191,859.16 5.11
5 567 41,971,780.56 13.25
- -----------------------------------------------------------------
Total.......... 3135 $316,683,005.45 100.00%
=================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 3135 316,683,005.45 100.00
- --------------------------------------------------------------------------
Total.................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 1432 141,323,562.07 44.63
Yes 1703 175,359,443.38 55.37
- --------------------------------------------------------------------------
Total.................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ACCREDITED 3 283,313.59 0.09
ADMIRAL 39 4,442,721.14 1.40
ALTERNATIVE LENDING 15 1,048,151.93 0.33
AMRESCO 874 78,998,847.12 24.95
BNC 4 271,255.29 0.09
CFI MTG CORP 4 341,460.73 0.11
DLJ 2 514,502.11 0.16
FIRST COLONY 51 6,807,698.79 2.15
FREMONT INV 13 1,173,651.27 0.37
HIGHLAND 1 186,102.65 0.06
INVESTAID 1 95,728.39 0.03
LONG BEACH 89 12,608,478.60 3.98
NATIONAL MORTGAGE 133 15,262,707.76 4.82
NEW CENTURY 14 1,506,555.77 0.48
OPTION ONE 1605 157,629,556.01 49.78
PAN AMERICAN 181 21,385,270.91 6.75
QUALITY 6 601,065.41 0.19
TEMPLE INLAND 1 123,956.74 0.04
UNITED LENDING 13 1,146,835.91 0.36
WEYERHAEUSER 86 12,255,145.33 3.87
- --------------------------------------------------------------------------
Total............... 3135 $316,683,005.45 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
AMRESCO 1997-2
- ---------------------------------------------
$ [48,800,000] Class A-1 Fixed Rate Certificates - [TBA %]
$ [44,500,000] Class A-2 Fixed Rate Certificates - [TBA %]
$ [68,100,000] Class A-3 Fixed Rate Certificates - [TBA %]
$ [27,900,000] Class A-4 Fixed Rate Certificates - [TBA %]
$ [21,300,000] Class A-5 Fixed Rate Certificates - [TBA %]
$ [14,900,000] Class A-6 Fixed Rate Certificates - [TBA %]
$ [36,975,000] Class A-7 Fixed Rate Certificates - [TBA %]
$ [28,900,000] Class A-8 Fixed Rate Certificates - [TBA %]
$[334,757,500] Class A-9 Floating Rate Certificates - 1M LIBOR+ [TBA bps]
$ [12,487,500] Class M-1F Fixed Rate Certificates - [TBA %]
$ [25,437,500] Class M-1A Adjustable Rate Certificates - 1M LIBOR + [TBA bps]
$ [18,315,000] Class M-2F Fixed Rate Certificates - [TBA %]
$ [24,420,000] Class M-2A Adjustable Rate Certificates - 1M LIBOR + [TBA bps]
$ [10,822,500] Class B-1F Fixed Rate Certificates - [TBA %]
$ [22,385,000] Class B-1A Adjustable Rate Certificates - 1M LIBOR + [TBA bps]
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
ALL CERTIFICATES
----------------
Title of Securities: AMRESCO Residential Securities Corporation Mortgage
Loan Trust 1997-2,
GROUP I: Class A-1 though Class A-8 (the "Fixed Rate
Senior Certificates"); Class M-1F, M-2F and
B-1F (the "Fixed Rate Subordinate
Certificates") (the Fixed Rate Senior
Certificates and the Fixed Rate Subordinate
Certificates being collectively referred to
hereinafter as the "Fixed Rate Certificates")
GROUP II: Class A-9 (the "Adjustable Rate Senior
Certificates") Class M-1A, M-2A and B-1A (the
"Adjustable Rate Subordinate Certificates")
(the Adjustable Rate Senior Certificates and
the Adjustable Rate Subordinate Certificates
being collectively referred to hereinafter as
the "Adjustable Rate Certificates")
Depositor: AMRESCO Residential Securities Corporation
Seller: AMRESCO Residential Capital Markets, Inc.
Servicers: Long Beach Mortgage Company, Option One Mortgage
Corporation and Advanta Mortgage Corp. USA will each
service a portion of the underlying collateral for the
Fixed Rate Certificates and the Adjustable Rate
Certificates.
Servicer Fee: 50 bps per annum
Trustee: Bank of New York, N.A.
Pricing Date: June [TBA], 1997
Settlement Date: June [TBA], 1997
Principal Paydown: PRIOR TO THE "STEPDOWN DATE" OR IF A TRIGGER EVENT HAS
OCCURRED:
GROUP I - 1) To the Class A-8 Certificateholders --
the Class A-8 Lockout Distribution
Amount
2) To the Fixed Rate Senior Certificates,
in sequential order
GROUP II - 1) To the Adjustable Rate Senior
Certificates
THE CLASS A-8 LOCKOUT DISTRIBUTION AMOUNT - the
applicable Class A-8 Lockout Percentage multiplied by
the Class A-8 Lockout Pro Rata Distribution Amount for
such Payment Date.
THE CLASS A-8 LOCKOUT PERCENTAGE -
--------------------------------
July 1997 - June 2000 -- 0%
July 2000 - June 2002 -- 45%
July 2002 - June 2003 -- 80%
July 2003 - June 2004 -- 100%
July 2004 and after -- 300%
ON AND AFTER THE STEPDOWN DATE FOR THE RELATED MORTGAGE
GROUP (PROVIDED A TRIGGER EVENT HAS NOT OCCURRED AND IS
NOT CONTINUING):
With respect to each Group, all Certificates will be
entitled to receive payments of principal, in the
following order of priority: first to the Class A
Certificates (in the same order of priority as is the
case prior to the Stepdown Date), second to the Class
M-1 Certificates, third to the Classs M-2 Certificates,
and fourth to the Class B Certificates. Principal will
be distributed according to the following formula:
The excess of the sum of the Principal Balance of the
related Certificate Class immediately prior to such
Payment Date + the Principal Balance of all
Certificate Classes senior to said Class (after
taking into account the payment of the related
Class(es)' Principal Distribution Amount on such
Payment Date) (i.e., for Class M-2, the Principal
Balance of the Class A Certificates + the Principal
Balance of the Class M-1 Certificates)
-over-
Product of the related Class Percentage and the
outstanding Loan Balance of Mortgage Loans in the
related Mortgage Loan Group as of the last day of the
Remittance Period.
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
ALL CERTIFICATES (cont.)
------------------------
RELATED CLASS PERCENTAGE (on and after the Stepdown
Date, provided a Trigger Event has not occured) :
-----------------
Group I Group II
------- --------
Class A - [69.50]% Class A - [57.00]%
Class M-1 - [77.00]% Class M-1 - [69.50]%
Class M-2 - [88.00]% Class M-2 - [81.50]%
Class B - [94.50]% Class B - [92.50]%
STEPDOWN DATE:
-------------
For each Group, the later of (i) the July 2000 Payment
Date and (ii) the first Payment Date on which the Senior
Enhancement Percentage (i.e., the sum of the Subordinate
Certificates + the O/C amount for a particular Mortgage
Loan Group divided by the aggregate Loan Balance of the
Mortgage Loans in such Mortgage Loan Group) is greater
than or equal to the related Group's Senior Specified
Enhancement Percentage.
Group I Senior Specified Enhancement
Percentage: [30.50]%
Group II Senior Specified Enhancement
Percentage: [43.00]%
TRIGGER EVENT:
--------------
With respect to each Mortgage Loan Group, if the
percentage obtained by dividing (x) the principal amount
of 60+ Day Delinquent Loans (including foreclosures and
REOs) in such Mortgage Loan Group by (y) the aggregate
outstanding Loan Balance of the Mortgage Loans in such
Mortgage Loan Group as of the last day of the
immediately preceding Remittance Period equals or
exceeds [0.50] and [0.40] multiplied by the Senior
Enhancement Percentage for the Fixed Rate Certificates
and the Adjustable Rate Certificates, respectively.
Initial Class Sizes: GROUP I GROUP II
------- --------
Class A - [87.50]% Class A - [82.25]%
Class M-1 - [3.75]% Class M-1 - [6.25]%
Class M-2 - [5.50]% Class M-2 - [6.00]%
Class B - [3.25]% Class B - [5.50]%
O/C - [0 to 2.75]% O/C - [0 to 3.75]%
Flow of Funds: GROUP I AND GROUP II MONTHLY CASH FLOWS
1) to each Servicer, any unreimbursed advanced on a
mortgage loan which is determined by the respective
Servicer, in its good faith judgment, to not be
ultimately recoverable from either any future
collections on such mortgage loan or upon
liquidation;
2) to each Servicer, the Servicer Fee;
3) to the Trustee, the Trustee Fee;
GROUP I MONTHLY CASH FLOWS
4) accrued monthly interest pro-rata to the Class A-1,
A-2, A-3, A-4, A-5, A-6, A-7 and A-8 Certificates;
5) monthly principal to the Fixed Rate Senior
Certificates, as described above;
6) accrued monthly interest to the Class M-1F
Certificates;
7) monthly principal to the Class M-1F Certificates, as
described above;
8) accrued monthly interest to the Class M-2F
Certificates;
9) monthly principal to the Class M-2F Certificates, as
described above;
10) accrued monthly interest to the Class B-1F
Certificates;
11) monthly principal to the Class B-1F Certificates,
as described above;;
12) to O/C up to its target amount;
13) to the senior-most Adjustable Rate Certificate
Class then outstanding, if needed;
14) to Subordinated IO holder; and 15) to the Class R
Certificate holders.
GROUP II MONTHLY CASH FLOWS
4) accrued monthly interest to the Adjustable Rate
Senior Certificates;
5) monthly principal to the Adjustable Rate Senior
Certificates, as described above;
6) accrued monthly interest to the Class M-1A
Certificates;
7) monthly principal to the Class M-1A Certificates,
as described above;
8) accrued monthly interest to the Class M-2A
Certificates;
9) monthly principal to the Class M-2A Certificates,
as described above;
10) accrued monthly interest to the Class B-1A
Certificates;
11) monthly principal to the Class B-1A Certificates,
as described above;;
12) to O/C up to its target amount;
13) to the senior-most Fixed Rate Certificate Class
then outstanding (sequentially to the Fixed Rate
Senior Certificates), if needed;
14) to Subordinated IO holder; and
15) to the Class R Certificate holders.
FOR A COMPLETE DESCRIPTION OF THE FLOW OF FUNDS, PLEASE REFER TO THE PROSPECTUS
SUPPLEMENT SECTION TITLED "DESCRIPTION OF THE OFFERED CERTIFICATES -
DISTRIBUTIONS".
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
ALL CERTIFICATES (cont.)
------------------------
Overcollateralization: The credit enhancement provisions of the Trust are
intended to provide for the limited acceleration of the
Senior Certificates relative to the amortization of the
related collateral, generally in the early months of
the transaction. Accelerated amortization is achieved
by applying certain excess interest collected on the
collateral to the payment of principal on the Senior
Certificates, resulting in the build up of
overcollateralization ("O/C"). By paying down the
principal balance of the certificates faster than the
principal amortization of the respective collateral
pool, an overcollateralization amount equal to the
excess of the aggregate principal balance of the
Collateral Pool over the principal balance of the
related Certificates is created. Excess cashflow will
be directed to build the O/C amount until the pool
reaches its required O/C target. Upon this event the
acceleration feature will cease, unless it is once
again necessary to maintain the required O/C level.
Credit Enhancement: A combination of:
- Excess monthly cash flow
- Overcollateralization
- Cross-collateralization
Certificate Ratings:
<TABLE>
<CAPTION>
---------Group I Certificates--------- ---------Group II Certificates---------
Moody's Fitch Duff Moody's Fitch Duff
------ ----- ----- -------- ------- ------
<S> <C> <C> <C> <C> <C> <C>
Class A Aaa AAA AAA Aaa AAA AAA
Class M-1 Aa2 AA AA+ Aa2 AA AA
Class M-2 A2 AA A+ A2 A A
Class B Baa2 A BBB+ Baa2 BBB BBB
</TABLE>
10% Auction Call: The Trustee shall solicit bids for the purchase of
mortgage loans remaining in in a Mortgage Loan Group
when the outstanding Certificate Balance of the related
group equals 10% or less of the original principal
balance of the Certificates in the related group. This
call will be excersized at no less than par plus
accrued interest. If the auction is not successful, the
Servicer's will have the right to purchase the mortgage
loans in a Mortgage Loan Group when the outstanding
Certificate Balance of the related group has declined
to 5% of original, again, at no less than par plus
accrued interest.
Note: the Group I and Group II Certificates each has it
own separate Auction Call.
ERISA Consideration: The Fixed Rate Senior Certificates and
the Adjustable Rate Senior Certificates will be ERISA
eligible. However, investors should consult with their
counsel with respect to the consequences under ERISA
and the Internal Revenue Code of the Plan's acquisition
and ownership of such Certificates.
SMMEA Considerations: Only the Class A-9 and Class M1-A
Certificates will be SMMEA eligible. The remaining
Offered Certificates will NOT be SMMEA eligible.
Taxation: REMIC.
Prospectus: The Certificates are being offered pursuant to a
Prospectus which includes a Prospectus Supplement
(together, the "Prospectus"). Complete information with
respect to the Certificates and the Collateral is
contained in the Prospectus. The foregoing is qualified
in its entirety by the information appearing in the
Prospectus. To the extent that the foregoing is
inconsistent with the Prospectus, the Prospectus shall
govern in all respects. Sales of the Certificates may
not be consumated unless the purchaser has received the
Prospectus.
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
- --------------------------------------------------------------------------------
GROUP I FIXED RATE CERTIFICATES
Collateral: Group I: Fixed Rate, First and Second Lien Mortgage
Loans.
Approximate Group Size: [333,000,000]
<TABLE>
<CAPTION>
Class A-1 Class A-2 Class A-3 Class A-4 Class A-5 Class A-6
--------- --------- --------- --------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
Approximate Face Amount: [$48,800,000] [$44,500,000] [$68,100,000] [$27,900,000] [$21,300,000]] [14,900,000]
Avg Life to 10% Call Date: [0.50] years [1.10] years [2.00] years [3.00] years [4.00] years [5.05] years
Avg. Life to Maturity (app.) [0.50] years [1.10] years [2.00] years [3.00] years [4.00] years [5.05] years
Pass-Through Rate: [TBA %]* [TBA %]* [TBA %]* [TBA %]* [TBA %]* [TBA %]*
Price [TBA] [TBA] [TBA] [TBA] [TBA] [TBA]
Spread: [TBA] [TBA] [TBA] [TBA] [TBA] [TBA]
Pricing Speed [22%] HEP [22%] HEP [22%] HEP [22%] HEP [22%] HEP [22%] HEP
Yield (CBE): [TBA %] [TBA %] [TBA %] [TBA %] [TBA %] [TBA %]
Day Count: 30/360 30/360 30/360 30/360 30/360 30/360
Expected Maturity To Call: [03/25/98] [11/25/98] [01/25/00] [12/25/00] [12/25/01] [01/25/03]
(at pricing speed)
Expected Maturity: [03/25/98] [11/25/98] [01/25/00] [12/25/00] [12/25/01] [01/25/03]
(at pricing speed)
Stated Maturity: [TBA] [TBA] [TBA] [TBA] [TBA] [TBA]
<CAPTION>
Class A-7 Class A-8 Class M-1F Class M-2F Class B-1F
--------- --------- ---------- ---------- ------------
<S> <C> <C> <C> <C> <C>
Approximate Face Amount: [$36,975,000] [$28,900,000] [$12,487,500] [$18,315,000] [$10,822,500]
Avg Life to 10% Call Date: [7.92] years [6.61] years [5.95] years [5.95] years [5.95] years
Avg. Life to Maturity (app.) [9.98] years [6.76] years [6.58] years [6.51] years [6.29] years
Pass-Through Rate: [TBA %]* [TBA %]* [TBA %]* [TBA %]* [TBA %]*
Price [TBA] [TBA] [TBA] [TBA] [TBA]
Spread: [TBA] [TBA] [TBA] [TBA] [TBA]
Pricing Speed [22]% HEP [22]% HEP [22]% HEP [22]% HEP [22]% HEP
Yield (CBE): [TBA %] [TBA %] [TBA %] [TBA %] [TBA %]
Day Count: 30/360 30/360 30/360 30/360 30/360
Expected Maturity To Call: [03/25/06] [03/25/06] [03/25/06] [03/25/06] [03/25/06]
(at pricing speed)
Expected Maturity: [10/25/16] [07/25/16] [09/25/12] [11/25/11] [08/25/09]
(at pricing speed)
Stated Maturity: [TBA] [TBA] [TBA] [TBA] [TBA]
</TABLE>
* Coupon is subject to Available Funds Cap There is NO coupon step-up at the
10% Auction Call date
Available Funds Cap: A rate equal to the weighted average net coupon rate
(i.e., the weighted average coupon rate less [0.50%]
for servicing and trustee fees) for the Group I
fixed-rate mortgage loans for such Payment Date.
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
- --------------------------------------------------------------------------------
GROUP I
GROUP I FIXED RATE CERTIFICATES (Cont.)
Pre-Funding Account: On the closing date, approximately [$55.5 million] will
be deposited in a pre-funding account for the purchase
of additional fixed rate mortgage loans. From the
closing date until [August 1],1997, the Trust intends
to purchase mortgage loans up to the entire pre-funding
amounts. The additional mortgage loans, purchased with
funds deposited in the prefunding account, will be
subject to certain individual and aggregate group
characteristics that will be more fully described in
the Prospectus Supplement.
Funds remaining in the pre-funding account will be
distributed sequentially to the Class A-1, A-2, A-3,
A-4, A-5, A-6, and A-7 Certificateholders as
prepayments based on the cash flow priority on the
[August], 1997 distribution date.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on [July 25], 1997.
Payment Delay: 24 days for the Group I Fixed Rate Certificates.
Coupon Step-Up at
10% Auction Call: There is NO coupon step-up for the Fixed Rate
Certficates.
Available Funds Cap: A rate equal to the weighted average net coupon rate
(i.e., the weighted average coupon rate less [0.50%]
for servicing and trustee fees) for the Group I
fixed-rate mortgage loans for such Payment Date.
Interest Accrual
Period: For the Fixed Rate Certificates, interest will accrue
from the 1st day of the preceeding month until the 30th
day of the preceding month.
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Adjustable Rate Certificates
- --------------------------------------------------------------------------------
GROUP II ADJUSTABLE RATE CERTIFICATES
Collateral: Group II: Adjustable Rate, First Lien Mortgage Loans.
Approximate Group Size: [$407,000,000]
<TABLE>
<CAPTION>
Class A-9 Class M-1A Class M-2A Class B-1A
--------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Approximate Face Amount: [$334,757,500] [$25,437,500] [$24,420,000] [$22,385,000]
Avg Life to 10% Call Date: [2.17] years [4.89] years [4.77] years [4.70] years
Avg. Life to Maturity (app.) [2.37] years [5.40] years [5.22] years [4.97] years
Pass-Through Rate: LIBOR+[TBA]bps*/** LIBOR+[TBA]bps*/** LIBOR+[TBA]bps*/** LIBOR+[TBA]bps*/**
Price [TBA] [TBA] [TBA] [TBA]
Pricing Speed [28]% CPR [28]% CPR [28]% CPR [28]% CPR
Day Count: actual/360 actual/360 actual/360 actual/360
Expected Maturity To Call: [03/25/04] [03/25/04] [03/25/04] [03/25/04]
(at pricing speed)
Expected Maturity: [12/25/11] [07/25/09] [07/25/08] [01/25/07]
(at pricing speed)
Stated Maturity: [TBA] [TBA] [TBA] [TBA]
</TABLE>
* Coupon is subject to Available Funds Cap
** For Class A-9, 1M LIBOR + [2 x Spread]; and for Class M-1A, M-2A and B-1A,
1M LIBOR + [1.5 x Spread] after Clean-up Call Date. Coupon Step-up for all
Classes is subject to the Available Funds Cap.
Available Funds Cap: A rate equal to the weighted average net coupon rate
(i.e., the weighted average coupon rate less [0.50%]
for servicing and trustee fees) for the Group II
adjustable-rate mortgage loans for such Payment Date.
Pre-Funding Account: On the closing date, approximately [$90.3 million] will
be deposited in a pre-funding account for the purchase
of additional adjustable rate mortgage loans. From the
closing date until [August 1], 1997, the Trust intends
to purchase mortgage loans up to the entire pre-funding
amounts. The additional mortgage loans, purchased with
funds deposited in the prefunding account, will be
subject to certain individual and aggregate group
characteristics that will be more fully described in
the Prospectus Supplement.
Funds remaining in the pre-funding account will be
distributed to the Class A-9 Certificateholders as
prepayments on the [August], 1997 distribution date.
Coupon Step-Up at 10%
Auction Call: If the Auction Sale is not successful, the coupon on
the Class A-9 Certificates shall be raised to LIBOR +
[2x Spread]; and the Class M-1A, M-2A and B-1A
Certificate shall be raised to LIBOR + [1.5 x Spread],
subject to the Available Funds Cap.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on July 25, 1997.
Interest
Accrual Period: Interest will accrue from the 25th day of the preceding
month ([June 12], for the first accrual period) until
the 24th day of the current month (from Payment Date to
Payment Date).
Interest and Payment
Adjusments: The interest rates and payments on the underlying
mortgage loans will generally adjust semi-annually.
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
Available Pool
Information FIXED FLOATING
---------- ----------
Loans: [3,484] Loans:[3,135]
Balance:[277,476,417] Balance:[316,683,005]
WAC:[10.318]% WAC:[10.013]%
WAM:[326] WAM:[356]; WA LTV: [73.704]%
WA LTV: [70.485]% Gross Margin:[5.822]%
% 1st Liens: [99.93]% % 1st Liens: [100]%
% of 5/25 Loans: [3.37]% % of 2/28 Loans: [57.51]%
% of 3/27 Loans: [12.01]%
Credit Grade Credit Grade:
PAG I: [3.66]% PAG I: [1.34]%
PAG II: [62.77]% PAG II: [56.08]%
PAG III: [18.02]% PAG III: [24.22]%
PAG IV: [4.01]% PAG IV: [5.11]%
PAG V: [11.55]% PAG V: [13.25]%
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class A1 CUR Accr 0.20961 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 6.231 6.302 6.266 6.198 6.165 6.136 6.105
99-29 6.198 6.272 6.235 6.164 6.129 6.100 6.067
99-29+ 6.165 6.243 6.204 6.130 6.094 6.063 6.029
99-30 6.133 6.213 6.173 6.096 6.058 6.026 5.991
99-30+ 6.100 6.184 6.142 6.062 6.023 5.989 5.952
99-31 6.067 6.154 6.111 6.028 5.987 5.952 5.914
99-31+ 6.035 6.125 6.080 5.994 5.952 5.915 5.876
100-00 6.002 6.095 6.049 5.960 5.916 5.879 5.838
100-00+ 5.970 6.066 6.018 5.926 5.881 5.842 5.800
100-01 5.937 6.036 5.987 5.892 5.845 5.805 5.761
100-01+ 5.904 6.007 5.956 5.858 5.810 5.768 5.723
100-02 5.872 5.978 5.925 5.824 5.774 5.731 5.685
100-02+ 5.839 5.948 5.894 5.790 5.739 5.695 5.647
100-03 5.807 5.919 5.863 5.756 5.703 5.658 5.609
100-03+ 5.774 5.890 5.832 5.722 5.668 5.621 5.571
Avg. Life 0.500 0.555 0.526 0.478 0.458 0.441 0.425
Mod. Dur. 0.478 0.530 0.503 0.458 0.439 0.424 0.408
1st Pmt. 0.119 0.119 0.119 0.119 0.119 0.119 0.119
Last Pmt. 0.786 0.953 0.869 0.786 0.703 0.703 0.703
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class A2 CUR Accr 0.20350 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 6.429 6.474 6.451 6.409 6.390 6.370 6.353
99-29 6.414 6.461 6.437 6.393 6.373 6.352 6.334
99-29+ 6.399 6.448 6.423 6.377 6.356 6.334 6.315
99-30 6.384 6.435 6.409 6.360 6.339 6.316 6.297
99-30+ 6.369 6.422 6.395 6.344 6.322 6.298 6.278
99-31 6.354 6.409 6.380 6.328 6.305 6.281 6.259
99-31+ 6.339 6.396 6.366 6.312 6.288 6.263 6.240
100-00 6.324 6.382 6.352 6.296 6.271 6.245 6.222
100-00+ 6.308 6.369 6.338 6.280 6.254 6.227 6.203
100-01 6.293 6.356 6.324 6.264 6.237 6.209 6.184
100-01+ 6.278 6.343 6.310 6.248 6.220 6.191 6.166
100-02 6.263 6.330 6.296 6.232 6.203 6.173 6.147
100-02+ 6.248 6.317 6.282 6.216 6.186 6.156 6.129
100-03 6.233 6.304 6.268 6.200 6.169 6.138 6.110
100-03+ 6.218 6.291 6.254 6.184 6.152 6.120 6.091
Avg. Life 1.100 1.283 1.182 1.032 0.975 0.924 0.883
Mod. Dur. 1.033 1.197 1.107 0.971 0.920 0.873 0.835
1st Pmt. 0.786 0.953 0.869 0.786 0.703 0.703 0.703
Last Pmt. 1.453 1.703 1.536 1.286 1.203 1.119 1.119
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class A3 CUR Accr 0.21022 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 6.787 6.817 6.802 6.772 6.757 6.743 6.728
99-29 6.779 6.810 6.794 6.763 6.747 6.732 6.717
99-29+ 6.770 6.803 6.786 6.754 6.738 6.722 6.706
99-30 6.761 6.796 6.778 6.745 6.728 6.711 6.694
99-30+ 6.753 6.788 6.771 6.735 6.718 6.700 6.683
99-31 6.744 6.781 6.763 6.726 6.708 6.690 6.672
99-31+ 6.736 6.774 6.755 6.717 6.698 6.679 6.661
100-00 6.727 6.767 6.747 6.707 6.688 6.669 6.649
100-00+ 6.719 6.759 6.739 6.698 6.678 6.658 6.638
100-01 6.710 6.752 6.731 6.689 6.668 6.647 6.627
100-01+ 6.701 6.745 6.723 6.680 6.658 6.637 6.616
100-02 6.693 6.738 6.715 6.670 6.648 6.626 6.604
100-02+ 6.684 6.731 6.707 6.661 6.638 6.616 6.593
100-03 6.676 6.723 6.699 6.652 6.628 6.605 6.582
100-03+ 6.667 6.716 6.691 6.643 6.619 6.595 6.571
Avg. Life 2.002 2.408 2.185 1.847 1.715 1.602 1.504
Mod. Dur. 1.816 2.154 1.969 1.685 1.572 1.474 1.388
1st Pmt. 1.453 1.703 1.536 1.286 1.203 1.119 1.119
Last Pmt. 2.619 3.203 2.869 2.453 2.286 2.119 1.953
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class A4 CUR Accr 0.21481 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 6.997 7.021 7.009 6.985 6.974 6.963 6.951
99-29 6.991 7.016 7.004 6.978 6.967 6.955 6.943
99-29+ 6.985 7.011 6.998 6.972 6.960 6.948 6.935
99-30 6.980 7.006 6.993 6.965 6.953 6.940 6.928
99-30+ 6.974 7.002 6.988 6.959 6.946 6.933 6.920
99-31 6.968 6.997 6.982 6.952 6.939 6.925 6.912
99-31+ 6.962 6.992 6.977 6.946 6.932 6.918 6.904
100-00 6.956 6.987 6.971 6.939 6.925 6.911 6.896
100-00+ 6.950 6.982 6.966 6.933 6.918 6.903 6.888
100-01 6.944 6.977 6.961 6.927 6.911 6.896 6.880
100-01+ 6.938 6.972 6.955 6.920 6.904 6.888 6.872
100-02 6.932 6.967 6.950 6.914 6.897 6.881 6.864
100-02+ 6.926 6.962 6.944 6.907 6.890 6.873 6.856
100-03 6.920 6.957 6.939 6.901 6.883 6.866 6.848
100-03+ 6.914 6.953 6.934 6.894 6.876 6.858 6.840
Avg. Life 3.002 3.726 3.328 2.723 2.518 2.339 2.183
Mod. Dur. 2.630 3.184 2.882 2.409 2.243 2.096 1.967
1st Pmt. 2.619 3.203 2.869 2.453 2.286 2.119 1.953
Last Pmt. 3.536 4.369 3.869 3.036 2.786 2.619 2.453
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class A5 CUR Accr 0.21969 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.189 7.208 7.199 7.178 7.164 7.149 7.139
99-29 7.185 7.205 7.195 7.173 7.158 7.143 7.132
99-29+ 7.180 7.201 7.190 7.168 7.153 7.136 7.126
99-30 7.175 7.197 7.186 7.163 7.147 7.130 7.119
99-30+ 7.171 7.193 7.182 7.158 7.141 7.124 7.112
99-31 7.166 7.189 7.178 7.153 7.136 7.117 7.105
99-31+ 7.161 7.185 7.174 7.148 7.130 7.111 7.099
100-00 7.157 7.182 7.169 7.143 7.124 7.105 7.092
100-00+ 7.152 7.178 7.165 7.138 7.119 7.099 7.085
100-01 7.148 7.174 7.161 7.133 7.113 7.092 7.079
100-01+ 7.143 7.170 7.157 7.128 7.107 7.086 7.072
100-02 7.138 7.166 7.153 7.123 7.102 7.080 7.065
100-02+ 7.134 7.163 7.148 7.118 7.096 7.073 7.058
100-03 7.129 7.159 7.144 7.112 7.090 7.067 7.052
100-03+ 7.125 7.155 7.140 7.107 7.085 7.061 7.045
Avg. Life 4.002 5.025 4.461 3.593 3.166 2.809 2.617
Mod. Dur. 3.377 4.094 3.705 3.074 2.748 2.471 2.317
1st Pmt. 3.536 4.369 3.869 3.036 2.786 2.619 2.453
Last Pmt. 4.536 5.786 5.119 4.119 3.703 3.036 2.786
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class A6 CUR Accr 0.22382 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.345 7.363 7.354 7.337 7.328 7.317 7.297
99-29 7.342 7.360 7.351 7.333 7.323 7.312 7.292
99-29+ 7.338 7.357 7.347 7.328 7.319 7.307 7.286
99-30 7.334 7.354 7.344 7.324 7.314 7.302 7.280
99-30+ 7.330 7.350 7.340 7.320 7.310 7.297 7.274
99-31 7.326 7.347 7.337 7.316 7.305 7.292 7.268
99-31+ 7.323 7.344 7.333 7.312 7.301 7.287 7.263
100-00 7.319 7.341 7.330 7.308 7.296 7.282 7.257
100-00+ 7.315 7.338 7.326 7.304 7.292 7.277 7.251
100-01 7.311 7.335 7.323 7.299 7.287 7.272 7.245
100-01+ 7.307 7.332 7.320 7.295 7.283 7.267 7.239
100-02 7.304 7.329 7.316 7.291 7.278 7.262 7.234
100-02+ 7.300 7.326 7.313 7.287 7.274 7.257 7.228
100-03 7.296 7.323 7.309 7.283 7.269 7.252 7.222
100-03+ 7.292 7.320 7.306 7.279 7.265 7.247 7.216
Avg. Life 5.054 6.557 5.701 4.541 4.113 3.685 3.106
Mod. Dur. 4.100 5.052 4.523 3.750 3.447 3.133 2.695
1st Pmt. 4.536 5.786 5.119 4.119 3.703 3.036 2.786
Last Pmt. 5.619 7.869 6.369 5.036 4.536 4.119 3.786
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class A7 CUR Accr 0.23436 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.733 7.741 7.737 7.727 7.721 7.714 7.706
99-29 7.730 7.739 7.735 7.725 7.718 7.711 7.703
99-29+ 7.728 7.737 7.733 7.722 7.715 7.708 7.699
99-30 7.725 7.735 7.731 7.719 7.713 7.705 7.696
99-30+ 7.723 7.733 7.729 7.717 7.710 7.702 7.693
99-31 7.721 7.731 7.726 7.714 7.707 7.699 7.689
99-31+ 7.718 7.729 7.724 7.712 7.704 7.696 7.686
100-00 7.716 7.727 7.722 7.709 7.701 7.693 7.682
100-00+ 7.714 7.725 7.720 7.706 7.698 7.689 7.679
100-01 7.711 7.723 7.718 7.704 7.696 7.686 7.676
100-01+ 7.709 7.721 7.715 7.701 7.693 7.683 7.672
100-02 7.706 7.719 7.713 7.699 7.690 7.680 7.669
100-02+ 7.704 7.717 7.711 7.696 7.687 7.677 7.665
100-03 7.702 7.715 7.709 7.694 7.684 7.674 7.662
100-03+ 7.699 7.713 7.707 7.691 7.682 7.671 7.659
Avg. Life 9.984 12.662 11.247 8.861 7.859 6.958 6.131
Mod. Dur. 6.573 7.698 7.129 6.040 5.533 5.051 4.589
1st Pmt. 5.619 7.869 6.369 5.036 4.536 4.119 3.786
Last Pmt. 19.369 22.869 21.036 17.786 16.453 15.203 14.286
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class A7 CUR Accr 0.23436 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.724 7.735 7.730 7.717 7.710 7.703 7.696
99-29 7.721 7.733 7.727 7.714 7.707 7.700 7.692
99-29+ 7.718 7.730 7.725 7.711 7.704 7.696 7.688
99-30 7.715 7.728 7.722 7.708 7.701 7.693 7.684
99-30+ 7.713 7.726 7.720 7.705 7.697 7.689 7.680
99-31 7.710 7.724 7.717 7.702 7.694 7.686 7.677
99-31+ 7.707 7.721 7.715 7.699 7.691 7.682 7.673
100-00 7.705 7.719 7.712 7.697 7.688 7.679 7.669
100-00+ 7.702 7.717 7.710 7.694 7.684 7.675 7.665
100-01 7.699 7.715 7.707 7.691 7.681 7.672 7.661
100-01+ 7.696 7.712 7.705 7.688 7.678 7.668 7.658
100-02 7.694 7.710 7.702 7.685 7.675 7.665 7.654
100-02+ 7.691 7.708 7.700 7.682 7.671 7.661 7.650
100-03 7.688 7.705 7.698 7.679 7.668 7.657 7.646
100-03+ 7.686 7.703 7.695 7.676 7.665 7.654 7.642
Avg. Life 7.919 10.184 8.998 7.057 6.292 5.672 5.138
Mod. Dur. 5.732 6.850 6.285 5.258 4.816 4.437 4.097
1st Pmt. 5.619 7.869 6.369 5.036 4.536 4.119 3.786
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class A8 NAS Accr 0.22153 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.287 7.289 7.288 7.287 7.286 7.286 7.286
99-29 7.284 7.287 7.285 7.284 7.283 7.283 7.283
99-29+ 7.281 7.284 7.282 7.280 7.280 7.280 7.279
99-30 7.278 7.281 7.279 7.277 7.277 7.276 7.276
99-30+ 7.275 7.278 7.276 7.274 7.274 7.273 7.273
99-31 7.272 7.275 7.273 7.271 7.271 7.270 7.270
99-31+ 7.269 7.272 7.270 7.268 7.268 7.267 7.267
100-00 7.266 7.269 7.267 7.265 7.264 7.264 7.264
100-00+ 7.263 7.266 7.264 7.262 7.261 7.261 7.261
100-01 7.260 7.263 7.261 7.259 7.258 7.258 7.258
100-01+ 7.257 7.260 7.258 7.256 7.255 7.255 7.254
100-02 7.254 7.257 7.255 7.253 7.252 7.252 7.251
100-02+ 7.251 7.254 7.252 7.250 7.249 7.248 7.248
100-03 7.248 7.251 7.249 7.247 7.246 7.245 7.245
100-03+ 7.245 7.248 7.246 7.244 7.243 7.242 7.242
Avg. Life 6.755 7.044 6.882 6.662 6.595 6.553 6.535
Mod. Dur. 5.114 5.267 5.181 5.064 5.028 5.006 4.997
1st Pmt. 3.119 3.119 3.119 3.203 3.369 3.453 3.619
Last Pmt. 19.119 22.703 20.869 17.619 16.286 15.036 14.119
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class A8 NAS Accr 0.22153 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.286 7.289 7.288 7.285 7.283 7.281 7.278
99-29 7.283 7.286 7.285 7.282 7.280 7.278 7.275
99-29+ 7.280 7.283 7.282 7.279 7.277 7.274 7.271
99-30 7.277 7.280 7.279 7.276 7.274 7.271 7.268
99-30+ 7.274 7.277 7.276 7.273 7.270 7.268 7.265
99-31 7.271 7.274 7.273 7.269 7.267 7.264 7.261
99-31+ 7.268 7.271 7.270 7.266 7.264 7.261 7.258
100-00 7.265 7.268 7.266 7.263 7.261 7.258 7.254
100-00+ 7.262 7.265 7.263 7.260 7.258 7.254 7.251
100-01 7.259 7.262 7.260 7.257 7.254 7.251 7.247
100-01+ 7.255 7.259 7.257 7.254 7.251 7.248 7.244
100-02 7.252 7.256 7.254 7.251 7.248 7.244 7.241
100-02+ 7.249 7.253 7.251 7.247 7.245 7.241 7.237
100-03 7.246 7.250 7.248 7.244 7.241 7.238 7.234
100-03+ 7.243 7.247 7.245 7.241 7.238 7.234 7.230
Avg. Life 6.612 6.979 6.789 6.455 6.248 5.992 5.745
Mod. Dur. 5.046 5.240 5.140 4.960 4.844 4.696 4.548
1st Pmt. 3.119 3.119 3.119 3.203 3.369 3.453 3.619
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class M1F CUR Accr 0.23131 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.609 7.619 7.614 7.603 7.599 7.595 7.591
99-29 7.605 7.616 7.611 7.600 7.595 7.591 7.587
99-29+ 7.602 7.614 7.608 7.597 7.592 7.587 7.583
99-30 7.599 7.611 7.605 7.593 7.588 7.583 7.579
99-30+ 7.596 7.608 7.602 7.590 7.584 7.579 7.575
99-31 7.592 7.605 7.599 7.586 7.581 7.576 7.571
99-31+ 7.589 7.602 7.596 7.583 7.577 7.572 7.567
100-00 7.586 7.600 7.593 7.579 7.573 7.568 7.564
100-00+ 7.583 7.597 7.590 7.576 7.570 7.564 7.560
100-01 7.579 7.594 7.587 7.573 7.566 7.561 7.556
100-01+ 7.576 7.591 7.584 7.569 7.563 7.557 7.552
100-02 7.573 7.588 7.581 7.566 7.559 7.553 7.548
100-02+ 7.570 7.586 7.578 7.562 7.555 7.549 7.544
100-03 7.567 7.583 7.575 7.559 7.552 7.545 7.540
100-03+ 7.563 7.580 7.572 7.555 7.548 7.542 7.536
Avg. Life 6.577 7.973 7.214 6.060 5.646 5.313 5.050
Mod. Dur. 4.825 5.550 5.165 4.541 4.311 4.123 3.974
1st Pmt. 3.119 3.619 3.286 3.203 3.286 3.369 3.453
Last Pmt. 15.286 18.369 16.703 14.119 13.119 12.119 11.286
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class M1F CUR Accr 0.23131 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.604 7.616 7.610 7.598 7.593 7.588 7.584
99-29 7.600 7.613 7.607 7.595 7.589 7.584 7.580
99-29+ 7.597 7.610 7.603 7.591 7.585 7.580 7.576
99-30 7.593 7.607 7.600 7.587 7.581 7.576 7.572
99-30+ 7.590 7.604 7.597 7.584 7.578 7.572 7.568
99-31 7.587 7.601 7.594 7.580 7.574 7.568 7.564
99-31+ 7.583 7.598 7.591 7.576 7.570 7.564 7.559
100-00 7.580 7.595 7.588 7.573 7.566 7.560 7.555
100-00+ 7.576 7.592 7.584 7.569 7.562 7.556 7.551
100-01 7.573 7.589 7.581 7.565 7.558 7.552 7.547
100-01+ 7.570 7.586 7.578 7.562 7.555 7.548 7.543
100-02 7.566 7.583 7.575 7.558 7.551 7.544 7.538
100-02+ 7.563 7.580 7.572 7.554 7.547 7.540 7.534
100-03 7.559 7.577 7.568 7.551 7.543 7.536 7.530
100-03+ 7.556 7.574 7.565 7.547 7.539 7.532 7.526
Avg. Life 5.951 7.246 6.549 5.494 5.117 4.818 4.588
Mod. Dur. 4.556 5.286 4.901 4.282 4.054 3.870 3.726
1st Pmt. 3.119 3.619 3.286 3.203 3.286 3.369 3.453
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class M2F CUR Accr 0.23589 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.760 7.771 7.766 7.755 7.750 7.745 7.741
99-29 7.757 7.769 7.763 7.752 7.746 7.741 7.737
99-29+ 7.754 7.766 7.760 7.748 7.743 7.738 7.733
99-30 7.751 7.763 7.757 7.745 7.739 7.734 7.729
99-30+ 7.747 7.760 7.754 7.741 7.735 7.730 7.725
99-31 7.744 7.757 7.751 7.738 7.732 7.726 7.721
99-31+ 7.741 7.754 7.748 7.734 7.728 7.722 7.717
100-00 7.738 7.752 7.745 7.731 7.724 7.718 7.713
100-00+ 7.734 7.749 7.742 7.727 7.721 7.714 7.709
100-01 7.731 7.746 7.739 7.724 7.717 7.711 7.705
100-01+ 7.728 7.743 7.735 7.720 7.713 7.707 7.701
100-02 7.725 7.740 7.732 7.717 7.710 7.703 7.697
100-02+ 7.721 7.737 7.729 7.713 7.706 7.699 7.693
100-03 7.718 7.735 7.726 7.710 7.702 7.695 7.689
100-03+ 7.715 7.732 7.723 7.706 7.699 7.691 7.685
Avg. Life 6.507 7.882 7.136 5.986 5.562 5.212 4.928
Mod. Dur. 4.774 5.489 5.110 4.488 4.249 4.048 3.881
1st Pmt. 3.119 3.619 3.286 3.119 3.203 3.203 3.203
Last Pmt. 14.453 17.203 15.619 13.286 12.286 11.369 10.536
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class M2F CUR Accr 0.23589 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL *****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.756 7.768 7.762 7.750 7.745 7.739 7.735
99-29 7.752 7.765 7.759 7.747 7.741 7.735 7.730
99-29+ 7.749 7.762 7.756 7.743 7.737 7.731 7.726
99-30 7.746 7.759 7.753 7.739 7.733 7.727 7.722
99-30+ 7.742 7.756 7.749 7.736 7.729 7.723 7.718
99-31 7.739 7.753 7.746 7.732 7.725 7.719 7.713
99-31+ 7.735 7.750 7.743 7.728 7.721 7.715 7.709
100-00 7.732 7.747 7.740 7.725 7.717 7.711 7.705
100-00+ 7.728 7.744 7.737 7.721 7.714 7.707 7.701
100-01 7.725 7.741 7.733 7.717 7.710 7.703 7.696
100-01+ 7.722 7.739 7.730 7.714 7.706 7.699 7.692
100-02 7.718 7.736 7.727 7.710 7.702 7.694 7.688
100-02+ 7.715 7.733 7.724 7.706 7.698 7.690 7.684
100-03 7.711 7.730 7.721 7.703 7.694 7.686 7.679
100-03+ 7.708 7.727 7.717 7.699 7.690 7.682 7.675
Avg. Life 5.951 7.246 6.549 5.488 5.097 4.777 4.521
Mod. Dur. 4.533 5.255 4.875 4.258 4.021 3.823 3.662
1st Pmt. 3.119 3.619 3.286 3.119 3.203 3.203 3.203
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class B1F CUR Accr 0.24643 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 8.109 8.122 8.116 8.103 8.098 8.092 8.087
99-29 8.106 8.119 8.112 8.100 8.094 8.088 8.083
99-29+ 8.103 8.116 8.109 8.096 8.090 8.084 8.079
99-30 8.099 8.113 8.106 8.093 8.086 8.080 8.075
99-30+ 8.096 8.110 8.103 8.089 8.082 8.076 8.070
99-31 8.093 8.107 8.100 8.085 8.079 8.072 8.066
99-31+ 8.089 8.104 8.097 8.082 8.075 8.068 8.062
100-00 8.086 8.101 8.094 8.078 8.071 8.064 8.058
100-00+ 8.082 8.098 8.090 8.075 8.067 8.060 8.054
100-01 8.079 8.095 8.087 8.071 8.063 8.056 8.050
100-01+ 8.076 8.092 8.084 8.068 8.060 8.052 8.045
100-02 8.072 8.089 8.081 8.064 8.056 8.048 8.041
100-02+ 8.069 8.086 8.078 8.060 8.052 8.044 8.037
100-03 8.066 8.084 8.075 8.057 8.048 8.040 8.033
100-03+ 8.062 8.081 8.072 8.053 8.044 8.036 8.029
Avg. Life 6.292 7.641 6.909 5.783 5.359 5.014 4.725
Mod. Dur. 4.633 5.334 4.962 4.350 4.107 3.906 3.733
1st Pmt. 3.119 3.619 3.286 3.119 3.119 3.119 3.119
Last Pmt. 12.203 14.619 13.369 11.203 10.286 9.536 8.869
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72F Coupon N/A
Class B1F CUR Accr 0.24643 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 8.106 8.119 8.113 8.100 8.094 8.088 8.083
99-29 8.103 8.116 8.110 8.096 8.090 8.084 8.079
99-29+ 8.099 8.113 8.106 8.093 8.086 8.080 8.074
99-30 8.096 8.110 8.103 8.089 8.082 8.076 8.070
99-30+ 8.092 8.107 8.100 8.085 8.078 8.072 8.066
99-31 8.089 8.104 8.097 8.082 8.074 8.067 8.061
99-31+ 8.085 8.101 8.093 8.078 8.070 8.063 8.057
100-00 8.082 8.098 8.090 8.074 8.066 8.059 8.053
100-00+ 8.078 8.095 8.087 8.070 8.062 8.055 8.048
100-01 8.075 8.092 8.084 8.067 8.059 8.051 8.044
100-01+ 8.071 8.089 8.081 8.063 8.055 8.047 8.040
100-02 8.068 8.086 8.077 8.059 8.051 8.043 8.035
100-02+ 8.065 8.083 8.074 8.056 8.047 8.039 8.031
100-03 8.061 8.080 8.071 8.052 8.043 8.034 8.027
100-03+ 8.058 8.077 8.068 8.048 8.039 8.030 8.022
Avg. Life 5.951 7.246 6.549 5.484 5.080 4.751 4.479
Mod. Dur. 4.481 5.186 4.815 4.209 3.968 3.767 3.598
1st Pmt. 3.119 3.619 3.286 3.119 3.119 3.119 3.119
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72A Coupon * Cap Flr 0.00
Class A9 FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00
ARMS : CPR 28.00 CPR 22.00 CPR 25.00 CPR 30.00 CPR 35.00 CPR 40.00 CPR 43.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 26.572 25.355 25.926 27.052 28.558 30.365 31.149
99-29 25.776 24.733 25.221 26.187 27.478 29.026 29.698
99-29+ 24.979 24.110 24.517 25.322 26.397 27.688 28.248
99-30 24.183 23.488 23.813 24.457 25.317 26.350 26.797
99-30+ 23.387 22.866 23.110 23.592 24.238 25.012 25.348
99-31 22.591 22.243 22.406 22.728 23.158 23.674 23.898
99-31+ 21.795 21.622 21.703 21.864 22.079 22.337 22.449
100-00 21.000 21.000 21.000 21.000 21.000 21.000 21.000
100-00+ 20.205 20.379 20.297 20.136 19.921 19.663 19.551
100-01 19.410 19.757 19.595 19.273 18.843 18.327 18.103
100-01+ 18.615 19.136 18.892 18.410 17.765 16.991 16.656
100-02 17.821 18.515 18.190 17.547 16.687 15.655 15.208
100-02+ 17.027 17.895 17.488 16.685 15.610 14.320 13.761
100-03 16.233 17.274 16.786 15.822 14.533 12.985 12.314
100-03+ 15.439 16.654 16.085 14.960 13.456 11.650 10.868
Avg. Life 2.173 2.879 2.499 1.981 1.544 1.217 1.117
Mod. Dur. 1.890 2.418 2.137 1.740 1.393 1.124 1.037
1st Pmt. 0.119 0.119 0.119 0.119 0.119 0.119 0.119
Last Pmt. 03/25/04 03/25/06 02/25/05 09/25/03 08/25/02 11/25/01 2.786
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72A Coupon * Cap Flr 0.00
Class M1A FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00
ARMS : CPR 28.00 CPR 22.00 CPR 25.00 CPR 30.00 CPR 35.00 CPR 40.00 CPR 43.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 42.585 42.220 42.430 42.646 42.625 42.776 43.412
99-29 42.216 41.903 42.083 42.268 42.250 42.379 42.924
99-29+ 41.846 41.585 41.736 41.890 41.875 41.983 42.437
99-30 41.477 41.268 41.388 41.512 41.500 41.586 41.949
99-30+ 41.108 40.951 41.041 41.134 41.125 41.189 41.462
99-31 40.738 40.634 40.694 40.756 40.750 40.793 40.974
99-31+ 40.369 40.317 40.347 40.378 40.375 40.396 40.487
100-00 40.000 40.000 40.000 40.000 40.000 40.000 40.000
100-00+ 39.631 39.683 39.653 39.622 39.625 39.604 39.513
100-01 39.262 39.366 39.306 39.245 39.250 39.207 39.026
100-01+ 38.893 39.049 38.959 38.867 38.876 38.811 38.539
100-02 38.524 38.733 38.613 38.489 38.501 38.415 38.052
100-02+ 38.155 38.416 38.266 38.112 38.127 38.019 37.566
100-03 37.787 38.100 37.919 37.735 37.752 37.623 37.079
100-03+ 37.418 37.783 37.573 37.357 37.378 37.227 36.592
Avg. Life 4.886 5.924 5.285 4.739 4.756 4.453 3.536
Mod. Dur. 4.067 4.737 4.326 3.974 4.005 3.786 3.082
1st Pmt. 3.536 3.203 3.369 3.703 4.119 4.453 2.786
Last Pmt. 03/25/04 03/25/06 02/25/05 09/25/03 08/25/02 11/25/01 06/25/01
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72A Coupon * Cap Flr 0.00
Class M2A FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00
ARMS : CPR 28.00 CPR 22.00 CPR 25.00 CPR 30.00 CPR 35.00 CPR 40.00 CPR 43.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 62.659 62.236 62.463 62.762 62.928 62.921 63.042
99-29 62.279 61.916 62.111 62.367 62.510 62.504 62.607
99-29+ 61.899 61.597 61.759 61.973 62.091 62.086 62.173
99-30 61.519 61.277 61.407 61.578 61.673 61.669 61.738
99-30+ 61.139 60.958 61.055 61.183 61.255 61.252 61.303
99-31 60.759 60.639 60.703 60.789 60.836 60.834 60.869
99-31+ 60.380 60.319 60.352 60.394 60.418 60.417 60.434
100-00 60.000 60.000 60.000 60.000 60.000 60.000 60.000
100-00+ 59.620 59.681 59.648 59.606 59.582 59.583 59.566
100-01 59.241 59.362 59.297 59.211 59.164 59.166 59.131
100-01+ 58.862 59.043 58.945 58.817 58.746 58.749 58.697
100-02 58.482 58.724 58.594 58.423 58.328 58.332 58.263
100-02+ 58.103 58.405 58.243 58.029 57.911 57.915 57.829
100-03 57.724 58.086 57.891 57.635 57.493 57.499 57.395
100-03+ 57.345 57.767 57.540 57.241 57.075 57.082 56.961
Avg. Life 4.766 5.918 5.242 4.544 4.222 4.223 4.031
Mod. Dur. 3.951 4.699 4.265 3.803 3.588 3.596 3.454
1st Pmt. 3.286 3.119 3.203 3.369 3.536 3.786 3.953
Last Pmt. 03/25/04 03/25/06 02/25/05 09/25/03 08/25/02 11/25/01 06/25/01
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Deal ID/CUSIP AMRES72A Coupon * Cap Flr 0.00
Class B1A FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00
ARMS : CPR 28.00 CPR 22.00 CPR 25.00 CPR 30.00 CPR 35.00 CPR 40.00 CPR 43.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 112.726 112.271 112.509 112.853 113.114 113.261 113.303
99-29 112.336 111.947 112.150 112.445 112.669 112.795 112.831
99-29+ 111.946 111.622 111.792 112.037 112.224 112.329 112.359
99-30 111.557 111.298 111.433 111.630 111.779 111.863 111.887
99-30+ 111.168 110.973 111.075 111.222 111.334 111.397 111.415
99-31 110.778 110.649 110.716 110.815 110.889 110.931 110.943
99-31+ 110.389 110.324 110.358 110.407 110.445 110.466 110.472
100-00 110.000 110.000 110.000 110.000 110.000 110.000 110.000
100-00+ 109.611 109.676 109.642 109.593 109.555 109.534 109.529
100-01 109.222 109.352 109.284 109.186 109.111 109.069 109.057
100-01+ 108.833 109.027 108.926 108.779 108.667 108.604 108.586
100-02 108.444 108.703 108.568 108.372 108.222 108.138 108.114
100-02+ 108.055 108.379 108.210 107.965 107.778 107.673 107.643
100-03 107.667 108.056 107.852 107.558 107.334 107.208 107.172
100-03+ 107.278 107.732 107.495 107.151 106.890 106.743 106.701
Avg. Life 4.703 5.916 5.217 4.444 3.988 3.768 3.711
Mod. Dur. 3.846 4.616 4.179 3.675 3.366 3.213 3.174
1st Pmt. 3.203 3.119 3.119 3.203 3.203 3.286 3.369
Last Pmt. 03/25/04 03/25/06 02/25/05 09/25/03 08/25/02 11/25/01 06/25/01
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
Available Funds information on Adjustable Certificates
The Adjustable Rate Certificates are subject to an available funds
cap = to the Group II Net Pass-Thru Rate
DATE COUPON
--------------------
07/25/97 9.515
08/25/97 9.584
09/25/97 9.605
10/25/97 9.663
11/25/97 9.701
12/25/97 9.802
01/25/98 9.827
02/25/98 9.892
03/25/98 9.913
04/25/98 9.971
05/25/98 10.009
06/25/98 10.103
07/25/98 10.125
08/25/98 10.161
09/25/98 10.168
10/25/98 10.196
11/25/98 10.219
12/25/98 10.258
01/25/99 10.258
02/25/99 10.321
03/25/99 10.378
04/25/99 10.586
05/25/99 10.835
06/25/99 11.230
07/25/99 11.237
08/25/99 11.237
09/25/99 11.237
10/25/99 11.237
11/25/99 11.237
12/25/99 11.238
01/25/00 11.239
02/25/00 11.276
03/25/00 11.287
04/25/00 11.313
05/25/00 11.323
06/25/00 11.330 and thereafter
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
- --------------------------------------------------------------------------------
- AMRESCO72
- Cut Off Date of Tape is 04/30/97
- FIXED RATE COLLATERAL (06/01/97 Scheduled Balance)
- $277,476,416.64
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 3,484
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $277,476,416.64
Aggregate Original Principal Balance: $278,207,070.00
Weighted Average Gross Coupon: 10.318%
Gross Coupon Range: 6.000% - 17.220%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $79,643.06
Average Original Principal Balance: $79,852.78
Maximum Unpaid Principal Balance: $783,245.57
Minimum Unpaid Principal Balance: $668.26
Maximum Original Principal Balance: $783,750.00
Minimum Original Principal Balance: $10,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 326.184
Stated Rem Term Range: 112.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru Date): 3.273
Age Range: 0.000 - 35.000
Weighted Average Original Term: 329.457
Original Term Range: 120.000 - 360.000
Weighted Average Original LTV: 70.485
Original LTV Range: 8.570% - 90.000%
Weighted Average Combined LTV: 70.507
Combined LTV Range: 10.000% - 90.000%
- --------------------------------------------------------------------------------
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
5.50% < Gross Coupon <= 6.00% 2 92,605.72 0.03
6.50% < Gross Coupon <= 7.00% 2 562,260.65 0.20
7.00% < Gross Coupon <= 7.50% 5 437,075.15 0.16
7.50% < Gross Coupon <= 7.75% 10 1,613,559.28 0.58
7.75% < Gross Coupon <= 8.00% 29 3,281,907.64 1.18
8.00% < Gross Coupon <= 8.25% 46 4,511,386.34 1.63
8.25% < Gross Coupon <= 8.50% 88 9,071,383.93 3.27
8.50% < Gross Coupon <= 8.75% 111 11,989,576.73 4.32
8.75% < Gross Coupon <= 9.00% 201 20,043,510.96 7.22
9.00% < Gross Coupon <= 9.25% 121 11,977,101.17 4.32
9.25% < Gross Coupon <= 9.50% 253 24,393,538.06 8.79
9.50% < Gross Coupon <= 9.75% 210 18,577,684.96 6.70
9.75% < Gross Coupon <= 10.00% 384 34,895,430.38 12.58
10.00% < Gross Coupon <= 10.25% 168 13,896,302.07 5.01
10.25% < Gross Coupon <= 10.50% 240 19,319,971.21 6.96
10.50% < Gross Coupon <= 10.75% 214 16,745,757.28 6.04
10.75% < Gross Coupon <= 11.00% 240 18,384,762.17 6.63
11.00% < Gross Coupon <= 11.25% 132 8,798,094.26 3.17
11.25% < Gross Coupon <= 11.50% 172 11,612,374.29 4.18
11.50% < Gross Coupon <= 11.75% 133 8,581,720.86 3.09
11.75% < Gross Coupon <= 12.00% 140 9,337,349.03 3.37
12.00% < Gross Coupon <= 12.25% 98 5,008,867.46 1.81
12.25% < Gross Coupon <= 12.50% 108 5,909,224.34 2.13
12.50% < Gross Coupon <= 12.75% 79 3,902,316.32 1.41
12.75% < Gross Coupon <= 13.00% 57 2,759,496.43 0.99
13.00% < Gross Coupon <= 13.25% 54 2,654,952.89 0.96
13.25% < Gross Coupon <= 13.50% 47 2,705,035.08 0.97
13.50% < Gross Coupon <= 13.75% 28 1,084,660.72 0.39
13.75% < Gross Coupon <= 14.00% 32 1,551,179.58 0.56
14.00% < Gross Coupon <= 14.25% 16 613,970.41 0.22
14.25% < Gross Coupon <= 14.50% 20 918,429.58 0.33
14.50% < Gross Coupon <= 14.75% 12 533,217.24 0.19
14.75% < Gross Coupon <= 15.00% 9 630,965.72 0.23
15.00% < Gross Coupon <= 15.25% 4 179,478.27 0.06
15.25% < Gross Coupon <= 15.50% 8 482,241.69 0.17
15.50% < Gross Coupon <= 15.75% 1 30,450.00 0.01
15.75% < Gross Coupon <= 16.00% 6 224,148.49 0.08
16.00% < Gross Coupon <= 16.25% 2 126,121.12 0.05
17.00% < Gross Coupon <= 17.25% 2 38,309.16 0.01
- ----------------------------------------------------------------------------
Total.......... 3484 $277,476,416.64 100.00%
============================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
108 < Orig. Term <= 120 18 971,888.73 0.35%
168 < Orig. Term <= 180 749 42,686,362.36 15.38%
228 < Orig. Term <= 240 74 4,638,944.61 1.67%
288 < Orig. Term <= 300 1 23,951.87 0.01%
348 < Orig. Term <= 360 2,642 229,155,269.07 82.59%
- -------------------------------------------------------------------
Total............ 3,484 277,476,416.64 100.00%
===================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
108 < Rem Term <= 120 18 971,888.73 0.35%
156 < Rem Term <= 168 3 162,946.97 0.06%
168 < Rem Term <= 180 746 42,523,415.39 15.33%
228 < Rem Term <= 240 74 4,638,944.61 1.67%
288 < Rem Term <= 300 1 23,951.87 0.01%
324 < Rem Term <= 336 2 107,169.97 0.04%
336 < Rem Term <= 348 8 468,372.58 0.17%
348 < Rem Term <= 360 2,632 228,579,726.52 82.38%
- -------------------------------------------------------------------
Total............ 3,484 277,476,416.64 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 70 4,561,620.03 1.64%
0 < Age <= 12 3,402 272,257,212.61 98.12%
12 < Age <= 24 10 550,414.03 0.20%
24 < Age <= 36 2 107,169.97 0.04%
- -------------------------------------------------------------------
Total............ 3,484 277,476,416.64 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
5.000 < CLTV <= 10.000 1 11,510.82 0.00
10.000 < CLTV <= 15.000 6 143,931.34 0.05
15.000 < CLTV <= 20.000 20 702,587.30 0.25
20.000 < CLTV <= 25.000 24 789,055.62 0.28
25.000 < CLTV <= 30.000 40 1,736,194.77 0.63
30.000 < CLTV <= 35.000 62 2,654,970.77 0.96
35.000 < CLTV <= 40.000 68 4,522,268.32 1.63
40.000 < CLTV <= 45.000 84 4,811,003.25 1.73
45.000 < CLTV <= 50.000 139 8,358,019.34 3.01
50.000 < CLTV <= 55.000 142 9,080,864.23 3.27
55.000 < CLTV <= 60.000 296 19,019,342.98 6.85
60.000 < CLTV <= 65.000 366 26,004,133.54 9.37
65.000 < CLTV <= 70.000 574 41,286,169.39 14.88
70.000 < CLTV <= 75.000 663 59,469,170.94 21.43
75.000 < CLTV <= 80.000 697 66,521,259.03 23.97
80.000 < CLTV <= 85.000 205 22,282,423.43 8.03
85.000 < CLTV <= 90.000 97 10,083,511.57 3.63
- --------------------------------------------------------------------------
Total.................... 3,484 $277,476,416.64 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
0 < Balance <= 5,000 1 668.26 0.00
5,000 < Balance <= 10,000 2 19,905.08 0.01
10,000 < Balance <= 15,000 18 236,889.92 0.09
15,000 < Balance <= 20,000 86 1,632,185.45 0.59
20,000 < Balance <= 25,000 162 3,708,536.44 1.34
25,000 < Balance <= 30,000 166 4,670,827.41 1.68
30,000 < Balance <= 35,000 206 6,759,564.15 2.44
35,000 < Balance <= 40,000 188 7,136,373.43 2.57
40,000 < Balance <= 45,000 201 8,638,779.06 3.11
45,000 < Balance <= 50,000 232 11,131,273.58 4.01
50,000 < Balance <= 55,000 193 10,147,149.26 3.66
55,000 < Balance <= 60,000 207 11,969,048.11 4.31
60,000 < Balance <= 65,000 174 10,928,816.92 3.94
65,000 < Balance <= 70,000 153 10,373,848.15 3.74
70,000 < Balance <= 75,000 130 9,469,084.61 3.41
75,000 < Balance <= 80,000 130 10,154,703.44 3.66
80,000 < Balance <= 85,000 115 9,494,065.44 3.42
85,000 < Balance <= 90,000 108 9,494,755.28 3.42
90,000 < Balance <= 95,000 87 8,096,799.95 2.92
95,000 < Balance <= 100,000 104 10,162,625.49 3.66
100,000 < Balance <= 105,000 81 8,352,533.05 3.01
105,000 < Balance <= 110,000 70 7,534,098.20 2.72
110,000 < Balance <= 115,000 64 7,202,110.72 2.60
115,000 < Balance <= 120,000 68 8,016,034.97 2.89
120,000 < Balance <= 125,000 54 6,628,699.17 2.39
125,000 < Balance <= 130,000 37 4,721,539.51 1.70
130,000 < Balance <= 135,000 35 4,651,113.81 1.68
135,000 < Balance <= 140,000 42 5,796,788.32 2.09
140,000 < Balance <= 145,000 25 3,575,223.05 1.29
145,000 < Balance <= 150,000 30 4,440,075.96 1.60
150,000 < Balance <= 200,000 165 28,160,099.89 10.15
200,000 < Balance <= 250,000 60 13,459,014.59 4.85
250,000 < Balance <= 300,000 39 10,792,267.72 3.89
300,000 < Balance <= 350,000 19 6,055,428.00 2.18
350,000 < Balance <= 400,000 13 4,874,593.51 1.76
400,000 < Balance <= 450,000 8 3,438,600.89 1.24
450,000 < Balance <= 500,000 10 4,769,050.28 1.72
750,000 < Balance 1 783,245.57 0.28
- --------------------------------------------------------------------------
Total.................... 3484 $277,476,416.64 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AR 14 544,001.86 0.20
AZ 110 6,620,225.02 2.39
CA 897 95,313,813.36 34.35
CO 118 10,681,678.30 3.85
CT 19 1,909,192.82 0.69
DC 10 744,700.57 0.27
DE 3 142,950.29 0.05
FL 408 25,479,161.09 9.18
GA 81 5,209,685.74 1.88
HI 104 19,827,444.70 7.15
IA 11 529,833.32 0.19
ID 30 1,851,391.77 0.67
IL 153 8,716,084.30 3.14
IN 109 4,672,282.01 1.68
KS 4 177,468.43 0.06
KY 21 1,006,627.25 0.36
LA 38 1,759,904.89 0.63
MA 33 2,401,181.46 0.87
MD 32 2,038,271.38 0.73
ME 8 540,440.08 0.19
MI 88 4,844,600.28 1.75
MN 48 3,722,630.51 1.34
MO 63 2,562,896.36 0.92
MS 18 743,348.74 0.27
MT 8 777,259.46 0.28
NC 66 3,032,591.97 1.09
NE 3 124,044.60 0.04
NH 17 1,038,139.88 0.37
NJ 24 2,379,482.91 0.86
NM 37 3,069,184.86 1.11
NV 41 4,158,088.68 1.50
NY 59 6,447,846.82 2.32
OH 124 6,690,548.14 2.41
OK 12 689,211.18 0.25
OR 96 7,780,757.39 2.80
PA 118 6,270,231.37 2.26
RI 10 1,147,019.77 0.41
SC 34 1,813,708.77 0.65
TN 25 1,742,300.30 0.63
TX 151 8,291,140.85 2.99
UT 87 8,585,844.13 3.09
VA 21 1,457,778.71 0.53
WA 95 8,092,433.20 2.92
WI 16 836,819.58 0.30
WV 9 401,415.23 0.14
WY 11 610,754.31 0.22
- --------------------------------------------------------------------------
Total............... 3484 $277,476,416.64 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 3061 242,832,269.50 87.51
Low-Rise Condo 1 147,552.88 0.05
Manufactured Housing 13 622,970.04 0.22
PUD 55 5,958,424.72 2.15
Townhouses 12 783,646.66 0.28
Condominiums 137 9,192,436.49 3.31
2-4 Family 192 17,219,990.67 6.21
Mobile Home 12 672,354.77 0.24
Other 1 46,770.91 0.02
- --------------------------------------------------------------------------
Total............... 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2978 248,494,775.16 89.56
Non Owner Occ. 506 28,981,641.48 10.44
- --------------------------------------------------------------------------
Total.................. 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
LOAN TYPE Loans Balance Balance
10/6 1 29,568.84 0.01
5/6 86 9,307,679.94 3.35
FIXED 3397 268,139,167.86 96.63
- --------------------------------------------------------------------------
Total.................. 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 3479 277,287,146.67 99.93
2 5 189,269.97 0.07
- --------------------------------------------------------------------------
Total............... 3484 $277,476,416.64 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Type of Loan Loans Balance Balance
1 96 10,158,688.39 3.66
2 1949 174,164,673.69 62.77
3 666 49,988,442.71 18.02
4 219 11,119,059.82 4.01
5 554 32,045,552.03 11.55
- -----------------------------------------------------------------
Total.......... 3484 $277,476,416.64 100.00%
=================================================================
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 1139 75,683,640.82 27.28
Yes 2345 201,792,775.82 72.72
- --------------------------------------------------------------------------
Total.................. 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ACCREDITED 2 250,361.99 0.09
ADMIRAL 10 776,214.07 0.28
ALTERNATIVE LENDING 17 1,134,527.16 0.41
AMRESCO 1056 74,520,823.89 26.86
BNC 119 8,476,576.87 3.05
CFI MTG CORP 15 1,020,793.10 0.37
DLJ 1 64,878.26 0.02
FIRST COLONY 43 3,602,210.20 1.30
FREMONT INV 5 477,250.91 0.17
INVESTAID 14 753,341.40 0.27
LONG BEACH 1254 106,622,502.02 38.43
NATIONAL MORTGAGE 38 3,189,793.76 1.15
NEW CENTURY 442 40,252,518.25 14.51
OPTION ONE 351 25,974,350.75 9.36
PAN AMERICAN 13 1,221,674.04 0.44
PROVIDIAN 2 150,145.32 0.05
QUALITY 7 275,480.55 0.10
SAN DIEGO HOME 13 2,735,007.60 0.99
TEMPLE INLAND 1 23,308.81 0.01
UNITED LENDING 65 4,949,379.91 1.78
WALSH SECURITIES 1 46,770.91 0.02
WEYERHAEUSER 15 958,506.87 0.35
- --------------------------------------------------------------------------
Total............... 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 3332 266,082,561.52 95.89
Partially Amortizing 152 11,393,855.12 4.11
- --------------------------------------------------------------------------
Total.................. 3484 $277,476,416.64 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
ARMS INCLUDED IN FIXED GROUP
LOAN SUMMARY STRATIFIED BY
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
07/01/99 1 $59,660.18 00.64
03/01/00 1 $47,509.79 00.51
08/01/00 1 $81,855.46 00.88
02/01/02 27 $2,765,554.86 29.62
03/01/02 12 $1,226,551.59 13.14
04/01/02 25 $2,714,044.79 29.07
05/01/02 17 $2,312,428.27 24.77
06/01/02 2 $100,075.00 01.07
07/01/05 1 $29,568.84 00.32
- --------------------------------------------------------------------------
Total........ 87 $9,337,248.78 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
4.500 < Margin <= 5.000 10 1,394,477.84 14.93
5.000 < Margin <= 5.500 11 1,481,872.80 15.87
5.500 < Margin <= 6.000 11 1,001,902.13 10.73
6.000 < Margin <= 6.500 21 1,642,229.60 17.59
6.500 < Margin <= 7.000 20 2,033,728.60 21.78
7.000 < Margin <= 7.500 9 1,037,587.68 11.11
7.500 < Margin <= 8.000 3 641,606.68 6.87
8.000 < Margin <= 8.500 1 26,917.64 0.29
8.500 < Margin <= 9.000 1 76,925.81 0.82
- --------------------------------------------------------------------------
Total................. 87 $ 9,337,248.78 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
LIFE CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
13.000 < LIFE CAP <= 13.500 1 207,310.68 2.22
13.500 < LIFE CAP <= 14.000 1 42,671.76 0.46
14.000 < LIFE CAP <= 14.500 4 554,588.68 5.94
14.500 < LIFE CAP <= 15.000 12 790,292.30 8.46
15.000 < LIFE CAP <= 15.500 11 1,389,765.62 14.88
15.500 < LIFE CAP <= 16.000 11 1,993,600.22 21.35
16.000 < LIFE CAP <= 16.500 5 624,798.96 6.69
16.500 < LIFE CAP <= 17.000 9 900,391.88 9.64
17.000 < LIFE CAP <= 17.500 6 572,605.13 6.13
17.500 < LIFE CAP <= 18.000 5 246,372.56 2.64
18.000 < LIFE CAP <= 18.500 9 653,177.12 7.00
18.500 < LIFE CAP <= 19.000 5 274,523.48 2.94
19.000 < LIFE CAP <= 19.500 2 106,494.65 1.14
19.500 < LIFE CAP <= 20.000 2 145,411.78 1.56
20.000 < LIFE CAP <= 20.500 2 747,876.14 8.01
20.500 < LIFE CAP <= 21.000 1 36,984.85 0.40
21.000 < LIFE CAP <= 21.500 1 50,382.97 0.54
- --------------------------------------------------------------------------
Total................. 87 $9,337,248.78 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
4.500 < Life Floor <= 5.000 2 368,291.47 3.94
5.000 < Life Floor <= 5.500 7 1,046,498.78 11.21
5.500 < Life Floor <= 6.000 3 167,813.98 1.80
6.000 < Life Floor <= 6.500 3 144,802.30 1.55
6.500 < Life Floor <= 7.000 7 640,363.77 6.86
7.000 < Life Floor <= 7.500 6 336,535.82 3.60
7.500 < Life Floor <= 8.000 6 1,122,314.55 12.02
8.000 < Life Floor <= 8.500 12 790,292.30 8.46
8.500 < Life Floor <= 9.000 14 2,078,402.92 22.26
9.000 < Life Floor <= 9.500 3 290,151.44 3.11
9.500 < Life Floor <= 10.000 7 794,650.88 8.51
10.000 < Life Floor <= 10.500 6 573,730.66 6.14
10.500 < Life Floor <= 11.000 2 144,134.17 1.54
11.000 < Life Floor <= 11.500 4 395,274.83 4.23
11.500 < Life Floor <= 12.000 2 76,902.45 0.82
12.500 < Life Floor <= 13.000 1 76,925.81 0.82
13.000 < Life Floor <= 13.500 2 290,162.65 3.11
- --------------------------------------------------------------------------
Total................. 87 $ 9,337,248.78 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
- --------------------------------------------------------------------------------
- AMRESCO72
- Cut Off Date of Tape is 04/30/97
- ADJUSTABLE RATE COLLATERAL (06/01/97 Scheduled Balance)
- $316,683,005.45
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 3,135
Lien Status: First Lien Loans
Index: 6 Month LIBOR
Aggregate Unpaid Principal Balance: $316,683,005.45
Aggregate Original Principal Balance: $317,421,192.00
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 10.013%
Gross Coupon Range: 5.593% - 16.680%
Weighted Average Margin (Gross): 5.822%
Gross Margin Range: 4.250% - 9.990%
Weighted Average Life Cap (Gross): 16.358%
Gross Life Cap Range: 10.713% - 23.680%
Weighted Average Life Floor (Gross): 9.858%
Gross Life Floor Range: 4.875% - 16.680%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $101,015.31
Average Original Principal Balance: $101,250.78
Maximum Unpaid Principal Balance: $1,449,214.55
Minimum Unpaid Principal Balance: $9,989.44
Maximum Original Principal Balance: $1,450,000.00
Minimum Original Principal Balance: $10,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 355.981
Stated Rem Term Range: 163.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru): 3.103
Age Range: 0.000 - 24.000
Weighted Average Original Term: 359.084
Original Term Range: 180.000 - 360.000
Weighted Average Original LTV: 73.704
Original LTV Range: 12.000% - 90.000%
Weighted Average Periodic Interest Cap: 1.089%
Periodic Interest Cap Range: 1.000% - 3.000%
Weighted Average Months to Interest Roll: 17.155
Months to Interest Roll Range: 1 - 36
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
- --------------------------------------------------------------------------------
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
5.50% < Gross Coupon <= 6.00% 2 168,972.38 0.05
6.00% < Gross Coupon <= 6.50% 8 936,047.23 0.30
6.50% < Gross Coupon <= 7.00% 13 2,015,143.49 0.64
7.00% < Gross Coupon <= 7.50% 26 3,360,519.07 1.06
7.50% < Gross Coupon <= 7.75% 31 3,677,170.25 1.16
7.75% < Gross Coupon <= 8.00% 48 6,667,892.83 2.11
8.00% < Gross Coupon <= 8.25% 47 4,719,823.77 1.49
8.25% < Gross Coupon <= 8.50% 113 14,386,118.12 4.54
8.50% < Gross Coupon <= 8.75% 128 16,874,717.75 5.33
8.75% < Gross Coupon <= 9.00% 200 25,933,176.22 8.19
9.00% < Gross Coupon <= 9.25% 133 16,714,090.64 5.28
9.25% < Gross Coupon <= 9.50% 197 23,252,428.75 7.34
9.50% < Gross Coupon <= 9.75% 238 27,080,320.32 8.55
9.75% < Gross Coupon <= 10.00% 313 34,014,650.73 10.74
10.00% < Gross Coupon <= 10.25% 187 16,819,919.80 5.31
10.25% < Gross Coupon <= 10.50% 215 21,820,163.41 6.89
10.50% < Gross Coupon <= 10.75% 239 21,614,347.94 6.83
10.75% < Gross Coupon <= 11.00% 237 21,329,025.92 6.74
11.00% < Gross Coupon <= 11.25% 128 10,332,594.53 3.26
11.25% < Gross Coupon <= 11.50% 112 9,420,084.45 2.97
11.50% < Gross Coupon <= 11.75% 115 8,784,442.61 2.77
11.75% < Gross Coupon <= 12.00% 73 4,676,132.32 1.48
12.00% < Gross Coupon <= 12.25% 51 3,480,713.94 1.10
12.25% < Gross Coupon <= 12.50% 58 3,671,910.62 1.16
12.50% < Gross Coupon <= 12.75% 34 1,860,240.28 0.59
12.75% < Gross Coupon <= 13.00% 33 2,576,642.32 0.81
13.00% < Gross Coupon <= 13.25% 16 1,038,201.40 0.33
13.25% < Gross Coupon <= 13.50% 25 2,001,824.18 0.63
13.50% < Gross Coupon <= 13.75% 16 994,923.72 0.31
13.75% < Gross Coupon <= 14.00% 16 1,097,035.35 0.35
14.00% < Gross Coupon <= 14.25% 16 986,728.17 0.31
14.25% < Gross Coupon <= 14.50% 11 693,136.09 0.22
14.50% < Gross Coupon <= 14.75% 6 380,572.57 0.12
14.75% < Gross Coupon <= 15.00% 25 1,548,648.04 0.49
15.00% < Gross Coupon <= 15.25% 12 777,826.11 0.25
15.25% < Gross Coupon <= 15.50% 5 314,654.18 0.10
15.50% < Gross Coupon <= 15.75% 3 218,708.75 0.07
15.75% < Gross Coupon <= 16.00% 3 312,594.81 0.10
16.00% < Gross Coupon <= 16.25% 1 69,968.31 0.02
16.50% < Gross Coupon <= 16.75% 1 60,894.08 0.02
- ----------------------------------------------------------------------------
Total.......... 3135 $316,683,005.45 100.00%
============================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
168 < Orig. Term <= 180 37 1,611,083.39 0.51%
348 < Orig. Term <= 360 3,098 315,071,922.06 99.49%
- -------------------------------------------------------------------
Total............ 3,135 316,683,005.45 100.00%
===================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
156 < Rem Term <= 168 1 14,491.40 0.00%
168 < Rem Term <= 180 36 1,596,591.99 0.50%
324 < Rem Term <= 336 1 134,666.48 0.04%
336 < Rem Term <= 348 9 1,103,054.52 0.35%
348 < Rem Term <= 360 3,088 313,834,201.06 99.10%
- -------------------------------------------------------------------
Total............ 3,135 316,683,005.45 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 50 4,224,700.01 1.33%
0 < Age <= 12 3,076 311,497,295.41 98.36%
12 < Age <= 24 9 961,010.03 0.30%
- -------------------------------------------------------------------
Total............ 3,135 316,683,005.45 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
10.000 < CLTV <= 15.000 4 293,832.78 0.09
15.000 < CLTV <= 20.000 2 79,832.99 0.03
20.000 < CLTV <= 25.000 9 420,808.79 0.13
25.000 < CLTV <= 30.000 10 531,981.88 0.17
30.000 < CLTV <= 35.000 19 1,024,015.32 0.32
35.000 < CLTV <= 40.000 29 1,608,908.25 0.51
40.000 < CLTV <= 45.000 26 2,329,319.18 0.74
45.000 < CLTV <= 50.000 63 5,539,764.88 1.75
50.000 < CLTV <= 55.000 81 6,791,690.71 2.14
55.000 < CLTV <= 60.000 173 13,546,936.35 4.28
60.000 < CLTV <= 65.000 409 34,750,172.27 10.97
65.000 < CLTV <= 70.000 524 47,694,023.85 15.06
70.000 < CLTV <= 75.000 591 60,740,666.38 19.18
75.000 < CLTV <= 80.000 808 94,032,421.97 29.69
80.000 < CLTV <= 85.000 161 18,876,952.17 5.96
85.000 < CLTV <= 90.000 226 28,421,677.68 8.97
- --------------------------------------------------------------------------
Total.................... 3,135 $316,683,005.45 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
4.000 < Margin <= 4.500 87 8,697,448.20 2.75
4.500 < Margin <= 5.000 438 46,971,566.10 14.83
5.000 < Margin <= 5.500 860 95,792,600.87 30.25
5.500 < Margin <= 6.000 594 61,830,615.47 19.52
6.000 < Margin <= 6.500 500 49,614,022.83 15.67
6.500 < Margin <= 7.000 299 26,894,223.30 8.49
7.000 < Margin <= 7.500 192 15,005,093.37 4.74
7.500 < Margin <= 8.000 108 7,017,659.27 2.22
8.000 < Margin <= 8.500 38 3,003,818.26 0.95
8.500 < Margin <= 9.000 12 1,064,842.92 0.34
9.000 < Margin <= 9.500 4 561,842.04 0.18
9.500 < Margin <= 10.000 3 229,272.82 0.07
- --------------------------------------------------------------------------
Total................. 3,135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED
BY LIFE CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
10.500 < LIFE CAP <= 11.000 1 96,327.58 0.03
11.500 < LIFE CAP <= 12.000 1 45,850.89 0.01
12.000 < LIFE CAP <= 12.500 6 666,283.86 0.21
12.500 < LIFE CAP <= 13.000 12 1,862,491.51 0.59
13.000 < LIFE CAP <= 13.500 27 3,371,526.75 1.06
13.500 < LIFE CAP <= 14.000 65 8,734,736.38 2.76
14.000 < LIFE CAP <= 14.500 124 13,883,954.71 4.38
14.500 < LIFE CAP <= 15.000 237 30,246,114.46 9.55
15.000 < LIFE CAP <= 15.500 284 35,440,127.79 11.19
15.500 < LIFE CAP <= 16.000 456 52,403,553.80 16.55
16.000 < LIFE CAP <= 16.500 364 39,311,674.94 12.41
16.500 < LIFE CAP <= 17.000 486 47,218,263.83 14.91
17.000 < LIFE CAP <= 17.500 300 26,491,183.13 8.37
17.500 < LIFE CAP <= 18.000 260 21,584,204.51 6.82
18.000 < LIFE CAP <= 18.500 151 10,639,228.61 3.36
18.500 < LIFE CAP <= 19.000 123 8,294,625.28 2.62
19.000 < LIFE CAP <= 19.500 57 3,887,303.59 1.23
19.500 < LIFE CAP <= 20.000 47 3,178,857.47 1.00
20.000 < LIFE CAP <= 20.500 38 2,616,992.36 0.83
20.500 < LIFE CAP <= 21.000 20 1,601,854.37 0.51
21.000 < LIFE CAP <= 21.500 25 1,646,650.47 0.52
21.500 < LIFE CAP <= 22.000 28 1,800,062.35 0.57
22.000 < LIFE CAP <= 22.500 15 998,970.86 0.32
22.500 < LIFE CAP <= 23.000 6 531,303.56 0.17
23.000 < LIFE CAP <= 23.500 1 69,968.31 0.02
23.500 < LIFE CAP <= 24.000 1 60,894.08 0.02
- --------------------------------------------------------------------------
Total................. 3135 $316,683,005.45 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
4.500 < Life Floor <= 5.000 2 329,749.97 0.10
5.000 < Life Floor <= 5.500 2 211,724.42 0.07
5.500 < Life Floor <= 6.000 19 2,847,915.54 0.90
6.000 < Life Floor <= 6.500 43 6,386,278.63 2.02
6.500 < Life Floor <= 7.000 33 4,586,613.74 1.45
7.000 < Life Floor <= 7.500 49 5,954,659.42 1.88
7.500 < Life Floor <= 8.000 91 11,309,196.81 3.57
8.000 < Life Floor <= 8.500 149 17,044,701.34 5.38
8.500 < Life Floor <= 9.000 305 38,425,339.32 12.13
9.000 < Life Floor <= 9.500 322 39,131,432.51 12.36
9.500 < Life Floor <= 10.000 533 58,974,235.09 18.62
10.000 < Life Floor <= 10.500 389 36,870,264.86 11.64
10.500 < Life Floor <= 11.000 463 41,422,216.95 13.08
11.000 < Life Floor <= 11.500 233 18,938,602.79 5.98
11.500 < Life Floor <= 12.000 184 13,132,537.99 4.15
12.000 < Life Floor <= 12.500 105 6,780,347.83 2.14
12.500 < Life Floor <= 13.000 62 4,049,454.30 1.28
13.000 < Life Floor <= 13.500 41 3,040,025.58 0.96
13.500 < Life Floor <= 14.000 29 1,945,634.86 0.61
14.000 < Life Floor <= 14.500 26 1,653,472.88 0.52
14.500 < Life Floor <= 15.000 31 1,929,220.61 0.61
15.000 < Life Floor <= 15.500 16 1,057,214.06 0.33
15.500 < Life Floor <= 16.000 6 531,303.56 0.17
16.000 < Life Floor <= 16.500 1 69,968.31 0.02
16.500 < Life Floor <= 17.000 1 60,894.08 0.02
- --------------------------------------------------------------------------
Total................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
07/01/97 218 $26,245,819.81 08.29
08/01/97 71 $8,596,894.77 02.71
09/01/97 215 $23,779,914.54 07.51
10/01/97 135 $15,389,079.54 04.86
11/01/97 134 $14,185,552.30 04.48
12/01/97 69 $8,310,743.02 02.62
08/01/98 2 $514,502.11 00.16
10/01/98 4 $350,873.49 00.11
11/01/98 7 $628,274.64 00.20
12/01/98 22 $1,828,921.83 00.58
01/01/99 94 $11,633,398.05 03.67
02/01/99 127 $13,530,897.90 04.27
03/01/99 556 $55,739,041.69 17.60
04/01/99 624 $60,721,875.52 19.17
05/01/99 385 $34,860,695.98 11.01
06/01/99 37 $2,319,760.01 00.73
08/01/99 1 $67,249.15 00.02
11/01/99 1 $107,115.43 00.03
12/01/99 13 $1,152,520.83 00.36
01/01/00 177 $15,953,923.66 05.04
02/01/00 35 $3,727,397.79 01.18
03/01/00 136 $11,248,192.97 03.55
04/01/00 47 $3,698,441.40 01.17
05/01/00 23 $1,834,919.02 00.58
06/01/00 2 $257,000.00 00.08
- --------------------------------------------------------------------------
Total........ 3135 $316,683,005.45 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance <= 10,000 1 9,989.44 0.00
10,000 < Balance <= 15,000 7 91,775.35 0.03
15,000 < Balance <= 20,000 27 502,498.46 0.16
20,000 < Balance <= 25,000 57 1,304,914.67 0.41
25,000 < Balance <= 30,000 79 2,201,351.42 0.70
30,000 < Balance <= 35,000 116 3,760,528.92 1.19
35,000 < Balance <= 40,000 109 4,140,491.64 1.31
40,000 < Balance <= 45,000 117 5,032,136.83 1.59
45,000 < Balance <= 50,000 150 7,166,525.21 2.26
50,000 < Balance <= 55,000 138 7,259,120.26 2.29
55,000 < Balance <= 60,000 170 9,860,580.96 3.11
60,000 < Balance <= 65,000 139 8,729,167.57 2.76
65,000 < Balance <= 70,000 120 8,115,966.70 2.56
70,000 < Balance <= 75,000 138 10,043,652.37 3.17
75,000 < Balance <= 80,000 137 10,645,679.38 3.36
80,000 < Balance <= 85,000 120 9,955,516.92 3.14
85,000 < Balance <= 90,000 119 10,426,644.12 3.29
90,000 < Balance <= 95,000 117 10,835,342.85 3.42
95,000 < Balance <= 100,000 115 11,253,985.82 3.55
100,000 < Balance <= 105,000 108 11,145,575.81 3.52
105,000 < Balance <= 110,000 79 8,523,318.37 2.69
110,000 < Balance <= 115,000 70 7,876,188.09 2.49
115,000 < Balance <= 120,000 84 9,908,412.06 3.13
120,000 < Balance <= 125,000 54 6,632,856.92 2.09
125,000 < Balance <= 130,000 67 8,556,395.68 2.70
130,000 < Balance <= 135,000 59 7,823,806.08 2.47
135,000 < Balance <= 140,000 60 8,088,358.45 2.55
140,000 < Balance <= 145,000 39 5,576,661.41 1.76
145,000 < Balance <= 150,000 47 6,952,793.40 2.20
150,000 < Balance <= 200,000 247 42,590,595.63 13.45
200,000 < Balance <= 250,000 118 26,218,806.26 8.28
250,000 < Balance <= 300,000 50 13,761,349.17 4.35
300,000 < Balance <= 350,000 33 10,702,653.94 3.38
350,000 < Balance <= 400,000 19 7,185,316.82 2.27
400,000 < Balance <= 450,000 7 3,034,976.26 0.96
450,000 < Balance <= 500,000 10 4,859,428.82 1.53
500,000 < Balance <= 550,000 3 1,559,649.40 0.49
550,000 < Balance <= 600,000 1 598,901.85 0.19
650,000 < Balance <= 700,000 1 666,940.46 0.21
700,000 < Balance <= 750,000 1 715,000.00 0.23
750,000 < Balance 2 2,369,151.68 0.75
- --------------------------------------------------------------------------
Total.................... 3135 $316,683,005.45 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance <= 10,000 1 9,989.44 0.00
10,000 < Balance <= 15,000 7 91,775.35 0.03
15,000 < Balance <= 20,000 27 502,498.46 0.16
20,000 < Balance <= 25,000 57 1,304,914.67 0.41
25,000 < Balance <= 30,000 79 2,201,351.42 0.70
30,000 < Balance <= 35,000 116 3,760,528.92 1.19
35,000 < Balance <= 40,000 111 4,219,159.32 1.33
40,000 < Balance <= 45,000 119 5,120,372.53 1.62
45,000 < Balance <= 50,000 148 7,078,289.51 2.24
50,000 < Balance <= 55,000 137 7,219,904.33 2.28
55,000 < Balance <= 60,000 170 9,860,580.96 3.11
60,000 < Balance <= 65,000 139 8,729,167.57 2.76
65,000 < Balance <= 70,000 121 8,185,664.65 2.58
70,000 < Balance <= 75,000 138 10,043,652.37 3.17
75,000 < Balance <= 80,000 138 10,725,661.35 3.39
80,000 < Balance <= 85,000 121 10,045,338.10 3.17
85,000 < Balance <= 90,000 118 10,346,796.54 3.27
90,000 < Balance <= 95,000 120 11,124,175.70 3.51
95,000 < Balance <= 100,000 112 10,975,089.13 3.47
100,000 < Balance <= 105,000 107 11,045,684.08 3.49
105,000 < Balance <= 110,000 80 8,629,562.36 2.72
110,000 < Balance <= 115,000 71 7,991,168.54 2.52
115,000 < Balance <= 120,000 83 9,793,431.61 3.09
120,000 < Balance <= 125,000 54 6,632,856.92 2.09
125,000 < Balance <= 130,000 68 8,686,130.75 2.74
130,000 < Balance <= 135,000 60 7,963,599.34 2.51
135,000 < Balance <= 140,000 55 7,603,436.43 2.40
140,000 < Balance <= 145,000 39 5,576,661.41 1.76
145,000 < Balance <= 150,000 49 7,252,734.46 2.29
150,000 < Balance <= 200,000 247 42,689,271.23 13.48
200,000 < Balance <= 250,000 116 25,820,189.60 8.15
250,000 < Balance <= 300,000 50 13,761,349.17 4.35
300,000 < Balance <= 350,000 33 10,702,653.94 3.38
350,000 < Balance <= 400,000 19 7,185,316.82 2.27
400,000 < Balance <= 450,000 7 3,034,976.26 0.96
450,000 < Balance <= 500,000 10 4,859,428.82 1.53
500,000 < Balance <= 550,000 3 1,559,649.40 0.49
550,000 < Balance <= 600,000 1 598,901.85 0.19
650,000 < Balance <= 700,000 1 666,940.46 0.21
700,000 < Balance <= 750,000 1 715,000.00 0.23
750,000 < Balance 2 2,369,151.68 0.75
- --------------------------------------------------------------------------
Total.................... 3135 $316,683,005.45 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AR 1 43,822.72 0.01
AZ 72 8,030,684.19 2.54
CA 432 59,815,815.58 18.89
CO 117 13,293,371.19 4.20
CT 72 8,250,977.90 2.61
DC 16 1,714,910.49 0.54
DE 5 530,985.76 0.17
FL 210 18,535,132.19 5.85
GA 76 8,268,855.97 2.61
HI 40 7,768,764.81 2.45
IA 5 358,781.67 0.11
ID 13 1,859,391.01 0.59
IL 255 22,822,861.38 7.21
IN 68 3,941,176.16 1.24
KS 11 2,348,506.51 0.74
KY 37 2,337,946.09 0.74
LA 6 385,073.20 0.12
MA 120 12,873,676.11 4.07
MD 91 8,433,361.88 2.66
ME 20 1,387,892.65 0.44
MI 113 10,085,055.12 3.18
MN 68 5,693,782.78 1.80
MO 79 3,987,648.15 1.26
MS 1 45,479.22 0.01
MT 3 301,293.31 0.10
NC 100 7,139,174.23 2.25
NE 4 202,073.97 0.06
NH 19 1,923,832.49 0.61
NJ 24 3,089,980.84 0.98
NM 39 3,304,762.28 1.04
NV 69 7,861,581.83 2.48
NY 47 5,107,712.83 1.61
OH 117 8,263,508.51 2.61
OK 1 71,912.46 0.02
OR 90 9,689,327.25 3.06
PA 87 7,028,373.75 2.22
RI 47 4,370,114.51 1.38
SC 19 1,245,614.83 0.39
TN 4 417,206.53 0.13
TX 81 6,597,361.20 2.08
UT 119 13,002,916.75 4.11
VA 78 8,836,898.03 2.79
VT 2 109,037.50 0.03
WA 172 19,076,536.56 6.02
WI 70 4,970,618.99 1.57
WV 9 816,096.02 0.26
WY 6 443,118.05 0.14
- --------------------------------------------------------------------------
Total............... 3135 $316,683,005.45 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 2732 275,040,214.44 86.85
Low-Rise Condo 10 1,690,324.26 0.53
Manufactured Housing 1 68,121.19 0.02
PUD 105 14,498,103.66 4.58
Townhouses 3 181,289.43 0.06
Condominiums 115 9,726,796.13 3.07
2-4 Family 169 15,478,156.34 4.89
- --------------------------------------------------------------------------
Total............... 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2791 292,197,037.29 92.27
Non Owner Occ. 344 24,485,968.16 7.73
- --------------------------------------------------------------------------
Total.................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
PRODUCT TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
County Loans Balance Balance
2/6 1858 182,128,241.22 57.51
3/6 435 38,046,760.25 12.01
6 MO LIBOR 842 96,508,003.98 30.47
- --------------------------------------------------------------------------
Total.................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 3135 316,683,005.45 100.00
- --------------------------------------------------------------------------
Total............... 3135 $316,683,005.45 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
AMRESCO 1997-2 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Type of Loan Loans Balance Balance
1 40 4,233,647.31 1.34
2 1528 177,599,478.21 56.08
3 787 76,686,240.21 24.22
4 213 16,191,859.16 5.11
5 567 41,971,780.56 13.25
- -----------------------------------------------------------------
Total.......... 3135 $316,683,005.45 100.00%
=================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 3135 316,683,005.45 100.00
- --------------------------------------------------------------------------
Total.................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 1432 141,323,562.07 44.63
Yes 1703 175,359,443.38 55.37
- --------------------------------------------------------------------------
Total.................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ACCREDITED 3 283,313.59 0.09
ADMIRAL 39 4,442,721.14 1.40
ALTERNATIVE LENDING 15 1,048,151.93 0.33
AMRESCO 874 78,998,847.12 24.95
BNC 4 271,255.29 0.09
CFI MTG CORP 4 341,460.73 0.11
DLJ 2 514,502.11 0.16
FIRST COLONY 51 6,807,698.79 2.15
FREMONT INV 13 1,173,651.27 0.37
HIGHLAND 1 186,102.65 0.06
INVESTAID 1 95,728.39 0.03
LONG BEACH 89 12,608,478.60 3.98
NATIONAL MORTGAGE 133 15,262,707.76 4.82
NEW CENTURY 14 1,506,555.77 0.48
OPTION ONE 1605 157,629,556.01 49.78
PAN AMERICAN 181 21,385,270.91 6.75
QUALITY 6 601,065.41 0.19
TEMPLE INLAND 1 123,956.74 0.04
UNITED LENDING 13 1,146,835.91 0.36
WEYERHAEUSER 86 12,255,145.33 3.87
- --------------------------------------------------------------------------
Total............... 3135 $316,683,005.45 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
================================================================================
MORGAN STANLEY [GRAPHIC OMITTED] June 2, 1997
Asset Finance Group
ABS/MBS Capital Markets
================================================================================
ABS New Transaction
Computational Materials
$740,000,000
Amresco Mortgage Loan Trust 1997-2
Home Equity Loan ABS
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
AMRESCO 1997-2
- ---------------------------------------------
$ [48,800,000] Class A-1 Fixed Rate Certificates - [TBA %]
$ [44,500,000] Class A-2 Fixed Rate Certificates - [TBA %]
$ [68,100,000] Class A-3 Fixed Rate Certificates - [TBA %]
$ [27,900,000] Class A-4 Fixed Rate Certificates - [TBA %]
$ [21,300,000] Class A-5 Fixed Rate Certificates - [TBA %]
$ [14,900,000] Class A-6 Fixed Rate Certificates - [TBA %]
$ [36,975,000] Class A-7 Fixed Rate Certificates - [TBA %]
$ [28,900,000] Class A-8 Fixed Rate Certificates - [TBA %]
$[334,757,500] Class A-9 Floating Rate Certificates - 1M LIBOR+ [TBA bps]
$ [12,487,500] Class M-1F Fixed Rate Certificates - [TBA %]
$ [25,437,500] Class M-1A Adjustable Rate Certificates - 1M LIBOR + [TBA bps]
$ [18,315,000] Class M-2F Fixed Rate Certificates - [TBA %]
$ [24,420,000] Class M-2A Adjustable Rate Certificates - 1M LIBOR + [TBA bps]
$ [10,822,500] Class B-1F Fixed Rate Certificates - [TBA %]
$ [22,385,000] Class B-1A Adjustable Rate Certificates - 1M LIBOR + [TBA bps]
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
ALL CERTIFICATES
----------------
Title of Securities: AMRESCO Residential Securities Corporation Mortgage
Loan Trust 1997-2,
GROUP I: Class A-1 though Class A-8 (the "Fixed Rate
Senior Certificates"); Class M-1F, M-2F and
B-1F (the "Fixed Rate Subordinate
Certificates") (the Fixed Rate Senior
Certificates and the Fixed Rate Subordinate
Certificates being collectively referred to
hereinafter as the "Fixed Rate Certificates")
GROUP II: Class A-9 (the "Adjustable Rate Senior
Certificates") Class M-1A, M-2A and B-1A (the
"Adjustable Rate Subordinate Certificates")
(the Adjustable Rate Senior Certificates and
the Adjustable Rate Subordinate Certificates
being collectively referred to hereinafter as
the "Adjustable Rate Certificates")
Depositor: AMRESCO Residential Securities Corporation
Seller: AMRESCO Residential Capital Markets, Inc.
Servicers: Long Beach Mortgage Company, Option One Mortgage
Corporation and Advanta Mortgage Corp. USA will each
service a portion of the underlying collateral for the
Fixed Rate Certificates and the Adjustable Rate
Certificates.
Servicer Fee: 50 bps per annum
Trustee: Bank of New York, N.A.
Pricing Date: June [TBA], 1997
Settlement Date: June [TBA], 1997
Principal Paydown: PRIOR TO THE "STEPDOWN DATE" OR IF A TRIGGER EVENT HAS
OCCURRED:
GROUP I - 1) To the Class A-8 Certificateholders --
the Class A-8 Lockout Distribution
Amount
2) To the Fixed Rate Senior Certificates,
in sequential order
GROUP II - 1) To the Adjustable Rate Senior
Certificates
THE CLASS A-8 LOCKOUT DISTRIBUTION AMOUNT - the
applicable Class A-8 Lockout Percentage multiplied by
the Class A-8 Lockout Pro Rata Distribution Amount for
such Payment Date.
THE CLASS A-8 LOCKOUT PERCENTAGE -
--------------------------------
July 1997 - June 2000 -- 0%
July 2000 - June 2002 -- 45%
July 2002 - June 2003 -- 80%
July 2003 - June 2004 -- 100%
July 2004 and after -- 300%
ON AND AFTER THE STEPDOWN DATE FOR THE RELATED MORTGAGE
GROUP (PROVIDED A TRIGGER EVENT HAS NOT OCCURRED AND IS
NOT CONTINUING):
With respect to each Group, all Certificates will be
entitled to receive payments of principal, in the
following order of priority: first to the Class A
Certificates (in the same order of priority as is the
case prior to the Stepdown Date), second to the Class
M-1 Certificates, third to the Classs M-2 Certificates,
and fourth to the Class B Certificates. Principal will
be distributed according to the following formula:
The excess of the sum of the Principal Balance of the
related Certificate Class immediately prior to such
Payment Date + the Principal Balance of all
Certificate Classes senior to said Class (after
taking into account the payment of the related
Class(es)' Principal Distribution Amount on such
Payment Date) (i.e., for Class M-2, the Principal
Balance of the Class A Certificates + the Principal
Balance of the Class M-1 Certificates)
-over-
Product of the related Class Percentage and the
outstanding Loan Balance of Mortgage Loans in the
related Mortgage Loan Group as of the last day of the
Remittance Period.
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
ALL CERTIFICATES (cont.)
------------------------
RELATED CLASS PERCENTAGE (on and after the Stepdown
Date, provided a Trigger Event has not occured) :
-----------------
Group I Group II
------- --------
Class A - [69.50]% Class A - [57.00]%
Class M-1 - [77.00]% Class M-1 - [69.50]%
Class M-2 - [88.00]% Class M-2 - [81.50]%
Class B - [94.50]% Class B - [92.50]%
STEPDOWN DATE:
-------------
For each Group, the later of (i) the July 2000 Payment
Date and (ii) the first Payment Date on which the Senior
Enhancement Percentage (i.e., the sum of the Subordinate
Certificates + the O/C amount for a particular Mortgage
Loan Group divided by the aggregate Loan Balance of the
Mortgage Loans in such Mortgage Loan Group) is greater
than or equal to the related Group's Senior Specified
Enhancement Percentage.
Group I Senior Specified Enhancement
Percentage: [30.50]%
Group II Senior Specified Enhancement
Percentage: [43.00]%
TRIGGER EVENT:
--------------
With respect to each Mortgage Loan Group, if the
percentage obtained by dividing (x) the principal amount
of 60+ Day Delinquent Loans (including foreclosures and
REOs) in such Mortgage Loan Group by (y) the aggregate
outstanding Loan Balance of the Mortgage Loans in such
Mortgage Loan Group as of the last day of the
immediately preceding Remittance Period equals or
exceeds [0.50] and [0.40] multiplied by the Senior
Enhancement Percentage for the Fixed Rate Certificates
and the Adjustable Rate Certificates, respectively.
Initial Class Sizes: GROUP I GROUP II
------- --------
Class A - [87.50]% Class A - [82.25]%
Class M-1 - [3.75]% Class M-1 - [6.25]%
Class M-2 - [5.50]% Class M-2 - [6.00]%
Class B - [3.25]% Class B - [5.50]%
O/C - [0 to 2.75]% O/C - [0 to 3.75]%
Flow of Funds: GROUP I AND GROUP II MONTHLY CASH FLOWS
1) to each Servicer, any unreimbursed advanced on a
mortgage loan which is determined by the respective
Servicer, in its good faith judgment, to not be
ultimately recoverable from either any future
collections on such mortgage loan or upon
liquidation;
2) to each Servicer, the Servicer Fee;
3) to the Trustee, the Trustee Fee;
GROUP I MONTHLY CASH FLOWS
4) accrued monthly interest pro-rata to the Class A-1,
A-2, A-3, A-4, A-5, A-6, A-7 and A-8 Certificates;
5) monthly principal to the Fixed Rate Senior
Certificates, as described above;
6) accrued monthly interest to the Class M-1F
Certificates;
7) monthly principal to the Class M-1F Certificates, as
described above;
8) accrued monthly interest to the Class M-2F
Certificates;
9) monthly principal to the Class M-2F Certificates, as
described above;
10) accrued monthly interest to the Class B-1F
Certificates;
11) monthly principal to the Class B-1F Certificates,
as described above;;
12) to O/C up to its target amount;
13) to the senior-most Adjustable Rate Certificate
Class then outstanding, if needed;
14) to Subordinated IO holder; and 15) to the Class R
Certificate holders.
GROUP II MONTHLY CASH FLOWS
4) accrued monthly interest to the Adjustable Rate
Senior Certificates;
5) monthly principal to the Adjustable Rate Senior
Certificates, as described above;
6) accrued monthly interest to the Class M-1A
Certificates;
7) monthly principal to the Class M-1A Certificates,
as described above;
8) accrued monthly interest to the Class M-2A
Certificates;
9) monthly principal to the Class M-2A Certificates,
as described above;
10) accrued monthly interest to the Class B-1A
Certificates;
11) monthly principal to the Class B-1A Certificates,
as described above;;
12) to O/C up to its target amount;
13) to the senior-most Fixed Rate Certificate Class
then outstanding (sequentially to the Fixed Rate
Senior Certificates), if needed;
14) to Subordinated IO holder; and
15) to the Class R Certificate holders.
FOR A COMPLETE DESCRIPTION OF THE FLOW OF FUNDS, PLEASE REFER TO THE PROSPECTUS
SUPPLEMENT SECTION TITLED "DESCRIPTION OF THE OFFERED CERTIFICATES -
DISTRIBUTIONS".
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
ALL CERTIFICATES (cont.)
------------------------
Overcollateralization: The credit enhancement provisions of the Trust are
intended to provide for the limited acceleration of the
Senior Certificates relative to the amortization of the
related collateral, generally in the early months of
the transaction. Accelerated amortization is achieved
by applying certain excess interest collected on the
collateral to the payment of principal on the Senior
Certificates, resulting in the build up of
overcollateralization ("O/C"). By paying down the
principal balance of the certificates faster than the
principal amortization of the respective collateral
pool, an overcollateralization amount equal to the
excess of the aggregate principal balance of the
Collateral Pool over the principal balance of the
related Certificates is created. Excess cashflow will
be directed to build the O/C amount until the pool
reaches its required O/C target. Upon this event the
acceleration feature will cease, unless it is once
again necessary to maintain the required O/C level.
Credit Enhancement: A combination of:
- Excess monthly cash flow
- Overcollateralization
- Cross-collateralization
Certificate Ratings:
<TABLE>
<CAPTION>
---------Group I Certificates--------- ---------Group II Certificates---------
Moody's Fitch Duff Moody's Fitch Duff
------ ----- ----- -------- ------- ------
<S> <C> <C> <C> <C> <C> <C>
Class A Aaa AAA AAA Aaa AAA AAA
Class M-1 Aa2 AA AA+ Aa2 AA AA
Class M-2 A2 AA A+ A2 A A
Class B Baa2 A BBB+ Baa2 BBB BBB
</TABLE>
10% Auction Call: The Trustee shall solicit bids for the purchase of
mortgage loans remaining in in a Mortgage Loan Group
when the outstanding Certificate Balance of the related
group equals 10% or less of the original principal
balance of the Certificates in the related group. This
call will be excersized at no less than par plus
accrued interest. If the auction is not successful, the
Servicer's will have the right to purchase the mortgage
loans in a Mortgage Loan Group when the outstanding
Certificate Balance of the related group has declined
to 5% of original, again, at no less than par plus
accrued interest.
Note: the Group I and Group II Certificates each has it
own separate Auction Call.
ERISA Consideration: The Fixed Rate Senior Certificates and
the Adjustable Rate Senior Certificates will be ERISA
eligible. However, investors should consult with their
counsel with respect to the consequences under ERISA
and the Internal Revenue Code of the Plan's acquisition
and ownership of such Certificates.
SMMEA Considerations: Only the Class A-9 and Class M1-A
Certificates will be SMMEA eligible. The remaining
Offered Certificates will NOT be SMMEA eligible.
Taxation: REMIC.
Prospectus: The Certificates are being offered pursuant to a
Prospectus which includes a Prospectus Supplement
(together, the "Prospectus"). Complete information with
respect to the Certificates and the Collateral is
contained in the Prospectus. The foregoing is qualified
in its entirety by the information appearing in the
Prospectus. To the extent that the foregoing is
inconsistent with the Prospectus, the Prospectus shall
govern in all respects. Sales of the Certificates may
not be consumated unless the purchaser has received the
Prospectus.
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
- --------------------------------------------------------------------------------
GROUP I FIXED RATE CERTIFICATES
Collateral: Group I: Fixed Rate, First and Second Lien Mortgage
Loans.
Approximate Group Size: [333,000,000]
<TABLE>
<CAPTION>
Class A-1 Class A-2 Class A-3 Class A-4 Class A-5 Class A-6
--------- --------- --------- --------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
Approximate Face Amount: [$48,800,000] [$44,500,000] [$68,100,000] [$27,900,000] [$21,300,000]] [14,900,000]
Avg Life to 10% Call Date: [0.50] years [1.10] years [2.00] years [3.00] years [4.00] years [5.05] years
Avg. Life to Maturity (app.) [0.50] years [1.10] years [2.00] years [3.00] years [4.00] years [5.05] years
Pass-Through Rate: [TBA %]* [TBA %]* [TBA %]* [TBA %]* [TBA %]* [TBA %]*
Price [TBA] [TBA] [TBA] [TBA] [TBA] [TBA]
Spread: [TBA] [TBA] [TBA] [TBA] [TBA] [TBA]
Pricing Speed [22%] HEP [22%] HEP [22%] HEP [22%] HEP [22%] HEP [22%] HEP
Yield (CBE): [TBA %] [TBA %] [TBA %] [TBA %] [TBA %] [TBA %]
Day Count: 30/360 30/360 30/360 30/360 30/360 30/360
Expected Maturity To Call: [03/25/98] [11/25/98] [01/25/00] [12/25/00] [12/25/01] [01/25/03]
(at pricing speed)
Expected Maturity: [03/25/98] [11/25/98] [01/25/00] [12/25/00] [12/25/01] [01/25/03]
(at pricing speed)
Stated Maturity: [TBA] [TBA] [TBA] [TBA] [TBA] [TBA]
<CAPTION>
Class A-7 Class A-8 Class M-1F Class M-2F Class B-1F
--------- --------- ---------- ---------- ------------
<S> <C> <C> <C> <C> <C>
Approximate Face Amount: [$36,975,000] [$28,900,000] [$12,487,500] [$18,315,000] [$10,822,500]
Avg Life to 10% Call Date: [7.92] years [6.61] years [5.95] years [5.95] years [5.95] years
Avg. Life to Maturity (app.) [9.98] years [6.76] years [6.58] years [6.51] years [6.29] years
Pass-Through Rate: [TBA %]* [TBA %]* [TBA %]* [TBA %]* [TBA %]*
Price [TBA] [TBA] [TBA] [TBA] [TBA]
Spread: [TBA] [TBA] [TBA] [TBA] [TBA]
Pricing Speed [22]% HEP [22]% HEP [22]% HEP [22]% HEP [22]% HEP
Yield (CBE): [TBA %] [TBA %] [TBA %] [TBA %] [TBA %]
Day Count: 30/360 30/360 30/360 30/360 30/360
Expected Maturity To Call: [03/25/06] [03/25/06] [03/25/06] [03/25/06] [03/25/06]
(at pricing speed)
Expected Maturity: [10/25/16] [07/25/16] [09/25/12] [11/25/11] [08/25/09]
(at pricing speed)
Stated Maturity: [TBA] [TBA] [TBA] [TBA] [TBA]
</TABLE>
* Coupon is subject to Available Funds Cap There is NO coupon step-up at the
10% Auction Call date
Available Funds Cap: A rate equal to the weighted average net coupon rate
(i.e., the weighted average coupon rate less [0.50%]
for servicing and trustee fees) for the Group I
fixed-rate mortgage loans for such Payment Date.
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
- --------------------------------------------------------------------------------
GROUP I
GROUP I FIXED RATE CERTIFICATES (Cont.)
Pre-Funding Account: On the closing date, approximately [$55.5 million] will
be deposited in a pre-funding account for the purchase
of additional fixed rate mortgage loans. From the
closing date until [August 1],1997, the Trust intends
to purchase mortgage loans up to the entire pre-funding
amounts. The additional mortgage loans, purchased with
funds deposited in the prefunding account, will be
subject to certain individual and aggregate group
characteristics that will be more fully described in
the Prospectus Supplement.
Funds remaining in the pre-funding account will be
distributed sequentially to the Class A-1, A-2, A-3,
A-4, A-5, A-6, and A-7 Certificateholders as
prepayments based on the cash flow priority on the
[August], 1997 distribution date.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on [July 25], 1997.
Payment Delay: 24 days for the Group I Fixed Rate Certificates.
Coupon Step-Up at
10% Auction Call: There is NO coupon step-up for the Fixed Rate
Certficates.
Available Funds Cap: A rate equal to the weighted average net coupon rate
(i.e., the weighted average coupon rate less [0.50%]
for servicing and trustee fees) for the Group I
fixed-rate mortgage loans for such Payment Date.
Interest Accrual
Period: For the Fixed Rate Certificates, interest will accrue
from the 1st day of the preceeding month until the 30th
day of the preceding month.
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Adjustable Rate Certificates
- --------------------------------------------------------------------------------
GROUP II ADJUSTABLE RATE CERTIFICATES
Collateral: Group II: Adjustable Rate, First Lien Mortgage Loans.
Approximate Group Size: [$407,000,000]
<TABLE>
<CAPTION>
Class A-9 Class M-1A Class M-2A Class B-1A
--------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Approximate Face Amount: [$334,757,500] [$25,437,500] [$24,420,000] [$22,385,000]
Avg Life to 10% Call Date: [2.17] years [4.89] years [4.77] years [4.70] years
Avg. Life to Maturity (app.) [2.37] years [5.40] years [5.22] years [4.97] years
Pass-Through Rate: LIBOR+[TBA]bps*/** LIBOR+[TBA]bps*/** LIBOR+[TBA]bps*/** LIBOR+[TBA]bps*/**
Price [TBA] [TBA] [TBA] [TBA]
Pricing Speed [28]% CPR [28]% CPR [28]% CPR [28]% CPR
Day Count: actual/360 actual/360 actual/360 actual/360
Expected Maturity To Call: [03/25/04] [03/25/04] [03/25/04] [03/25/04]
(at pricing speed)
Expected Maturity: [12/25/11] [07/25/09] [07/25/08] [01/25/07]
(at pricing speed)
Stated Maturity: [TBA] [TBA] [TBA] [TBA]
</TABLE>
* Coupon is subject to Available Funds Cap
** For Class A-9, 1M LIBOR + [2 x Spread]; and for Class M-1A, M-2A and B-1A,
1M LIBOR + [1.5 x Spread] after Clean-up Call Date. Coupon Step-up for all
Classes is subject to the Available Funds Cap.
Available Funds Cap: A rate equal to the weighted average net coupon rate
(i.e., the weighted average coupon rate less [0.50%]
for servicing and trustee fees) for the Group II
adjustable-rate mortgage loans for such Payment Date.
Pre-Funding Account: On the closing date, approximately [$90.3 million] will
be deposited in a pre-funding account for the purchase
of additional adjustable rate mortgage loans. From the
closing date until [August 1], 1997, the Trust intends
to purchase mortgage loans up to the entire pre-funding
amounts. The additional mortgage loans, purchased with
funds deposited in the prefunding account, will be
subject to certain individual and aggregate group
characteristics that will be more fully described in
the Prospectus Supplement.
Funds remaining in the pre-funding account will be
distributed to the Class A-9 Certificateholders as
prepayments on the [August], 1997 distribution date.
Coupon Step-Up at 10%
Auction Call: If the Auction Sale is not successful, the coupon on
the Class A-9 Certificates shall be raised to LIBOR +
[2x Spread]; and the Class M-1A, M-2A and B-1A
Certificate shall be raised to LIBOR + [1.5 x Spread],
subject to the Available Funds Cap.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on July 25, 1997.
Interest
Accrual Period: Interest will accrue from the 25th day of the preceding
month ([June 12], for the first accrual period) until
the 24th day of the current month (from Payment Date to
Payment Date).
Interest and Payment
Adjusments: The interest rates and payments on the underlying
mortgage loans will generally adjust semi-annually.
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-2 Offered Certificates
Available Pool
Information FIXED FLOATING
---------- ----------
Loans: [3,484] Loans:[3,135]
Balance:[277,476,417] Balance:[316,683,005]
WAC:[10.318]% WAC:[10.013]%
WAM:[326] WAM:[356]; WA LTV: [73.704]%
WA LTV: [70.485]% Gross Margin:[5.822]%
% 1st Liens: [99.93]% % 1st Liens: [100]%
% of 5/25 Loans: [3.37]% % of 2/28 Loans: [57.51]%
% of 3/27 Loans: [12.01]%
Credit Grade Credit Grade:
PAG I: [3.66]% PAG I: [1.34]%
PAG II: [62.77]% PAG II: [56.08]%
PAG III: [18.02]% PAG III: [24.22]%
PAG IV: [4.01]% PAG IV: [5.11]%
PAG V: [11.55]% PAG V: [13.25]%
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A1 CUR Accr 0.20961 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 6.231 6.302 6.266 6.198 6.165 6.136 6.105
99-29 6.198 6.272 6.235 6.164 6.129 6.100 6.067
99-29+ 6.165 6.243 6.204 6.130 6.094 6.063 6.029
99-30 6.133 6.213 6.173 6.096 6.058 6.026 5.991
99-30+ 6.100 6.184 6.142 6.062 6.023 5.989 5.952
99-31 6.067 6.154 6.111 6.028 5.987 5.952 5.914
99-31+ 6.035 6.125 6.080 5.994 5.952 5.915 5.876
100-00 6.002 6.095 6.049 5.960 5.916 5.879 5.838
100-00+ 5.970 6.066 6.018 5.926 5.881 5.842 5.800
100-01 5.937 6.036 5.987 5.892 5.845 5.805 5.761
100-01+ 5.904 6.007 5.956 5.858 5.810 5.768 5.723
100-02 5.872 5.978 5.925 5.824 5.774 5.731 5.685
100-02+ 5.839 5.948 5.894 5.790 5.739 5.695 5.647
100-03 5.807 5.919 5.863 5.756 5.703 5.658 5.609
100-03+ 5.774 5.890 5.832 5.722 5.668 5.621 5.571
Avg. Life 0.500 0.555 0.526 0.478 0.458 0.441 0.425
Mod. Dur. 0.478 0.530 0.503 0.458 0.439 0.424 0.408
1st Pmt. 0.119 0.119 0.119 0.119 0.119 0.119 0.119
Last Pmt. 0.786 0.953 0.869 0.786 0.703 0.703 0.703
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A2 CUR Accr 0.20350 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 6.429 6.474 6.451 6.409 6.390 6.370 6.353
99-29 6.414 6.461 6.437 6.393 6.373 6.352 6.334
99-29+ 6.399 6.448 6.423 6.377 6.356 6.334 6.315
99-30 6.384 6.435 6.409 6.360 6.339 6.316 6.297
99-30+ 6.369 6.422 6.395 6.344 6.322 6.298 6.278
99-31 6.354 6.409 6.380 6.328 6.305 6.281 6.259
99-31+ 6.339 6.396 6.366 6.312 6.288 6.263 6.240
100-00 6.324 6.382 6.352 6.296 6.271 6.245 6.222
100-00+ 6.308 6.369 6.338 6.280 6.254 6.227 6.203
100-01 6.293 6.356 6.324 6.264 6.237 6.209 6.184
100-01+ 6.278 6.343 6.310 6.248 6.220 6.191 6.166
100-02 6.263 6.330 6.296 6.232 6.203 6.173 6.147
100-02+ 6.248 6.317 6.282 6.216 6.186 6.156 6.129
100-03 6.233 6.304 6.268 6.200 6.169 6.138 6.110
100-03+ 6.218 6.291 6.254 6.184 6.152 6.120 6.091
Avg. Life 1.100 1.283 1.182 1.032 0.975 0.924 0.883
Mod. Dur. 1.033 1.197 1.107 0.971 0.920 0.873 0.835
1st Pmt. 0.786 0.953 0.869 0.786 0.703 0.703 0.703
Last Pmt. 1.453 1.703 1.536 1.286 1.203 1.119 1.119
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A3 CUR Accr 0.21022 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 6.787 6.817 6.802 6.772 6.757 6.743 6.728
99-29 6.779 6.810 6.794 6.763 6.747 6.732 6.717
99-29+ 6.770 6.803 6.786 6.754 6.738 6.722 6.706
99-30 6.761 6.796 6.778 6.745 6.728 6.711 6.694
99-30+ 6.753 6.788 6.771 6.735 6.718 6.700 6.683
99-31 6.744 6.781 6.763 6.726 6.708 6.690 6.672
99-31+ 6.736 6.774 6.755 6.717 6.698 6.679 6.661
100-00 6.727 6.767 6.747 6.707 6.688 6.669 6.649
100-00+ 6.719 6.759 6.739 6.698 6.678 6.658 6.638
100-01 6.710 6.752 6.731 6.689 6.668 6.647 6.627
100-01+ 6.701 6.745 6.723 6.680 6.658 6.637 6.616
100-02 6.693 6.738 6.715 6.670 6.648 6.626 6.604
100-02+ 6.684 6.731 6.707 6.661 6.638 6.616 6.593
100-03 6.676 6.723 6.699 6.652 6.628 6.605 6.582
100-03+ 6.667 6.716 6.691 6.643 6.619 6.595 6.571
Avg. Life 2.002 2.408 2.185 1.847 1.715 1.602 1.504
Mod. Dur. 1.816 2.154 1.969 1.685 1.572 1.474 1.388
1st Pmt. 1.453 1.703 1.536 1.286 1.203 1.119 1.119
Last Pmt. 2.619 3.203 2.869 2.453 2.286 2.119 1.953
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A4 CUR Accr 0.21481 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 6.997 7.021 7.009 6.985 6.974 6.963 6.951
99-29 6.991 7.016 7.004 6.978 6.967 6.955 6.943
99-29+ 6.985 7.011 6.998 6.972 6.960 6.948 6.935
99-30 6.980 7.006 6.993 6.965 6.953 6.940 6.928
99-30+ 6.974 7.002 6.988 6.959 6.946 6.933 6.920
99-31 6.968 6.997 6.982 6.952 6.939 6.925 6.912
99-31+ 6.962 6.992 6.977 6.946 6.932 6.918 6.904
100-00 6.956 6.987 6.971 6.939 6.925 6.911 6.896
100-00+ 6.950 6.982 6.966 6.933 6.918 6.903 6.888
100-01 6.944 6.977 6.961 6.927 6.911 6.896 6.880
100-01+ 6.938 6.972 6.955 6.920 6.904 6.888 6.872
100-02 6.932 6.967 6.950 6.914 6.897 6.881 6.864
100-02+ 6.926 6.962 6.944 6.907 6.890 6.873 6.856
100-03 6.920 6.957 6.939 6.901 6.883 6.866 6.848
100-03+ 6.914 6.953 6.934 6.894 6.876 6.858 6.840
Avg. Life 3.002 3.726 3.328 2.723 2.518 2.339 2.183
Mod. Dur. 2.630 3.184 2.882 2.409 2.243 2.096 1.967
1st Pmt. 2.619 3.203 2.869 2.453 2.286 2.119 1.953
Last Pmt. 3.536 4.369 3.869 3.036 2.786 2.619 2.453
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A5 CUR Accr 0.21969 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.189 7.208 7.199 7.178 7.164 7.149 7.139
99-29 7.185 7.205 7.195 7.173 7.158 7.143 7.132
99-29+ 7.180 7.201 7.190 7.168 7.153 7.136 7.126
99-30 7.175 7.197 7.186 7.163 7.147 7.130 7.119
99-30+ 7.171 7.193 7.182 7.158 7.141 7.124 7.112
99-31 7.166 7.189 7.178 7.153 7.136 7.117 7.105
99-31+ 7.161 7.185 7.174 7.148 7.130 7.111 7.099
100-00 7.157 7.182 7.169 7.143 7.124 7.105 7.092
100-00+ 7.152 7.178 7.165 7.138 7.119 7.099 7.085
100-01 7.148 7.174 7.161 7.133 7.113 7.092 7.079
100-01+ 7.143 7.170 7.157 7.128 7.107 7.086 7.072
100-02 7.138 7.166 7.153 7.123 7.102 7.080 7.065
100-02+ 7.134 7.163 7.148 7.118 7.096 7.073 7.058
100-03 7.129 7.159 7.144 7.112 7.090 7.067 7.052
100-03+ 7.125 7.155 7.140 7.107 7.085 7.061 7.045
Avg. Life 4.002 5.025 4.461 3.593 3.166 2.809 2.617
Mod. Dur. 3.377 4.094 3.705 3.074 2.748 2.471 2.317
1st Pmt. 3.536 4.369 3.869 3.036 2.786 2.619 2.453
Last Pmt. 4.536 5.786 5.119 4.119 3.703 3.036 2.786
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A6 CUR Accr 0.22382 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.345 7.363 7.354 7.337 7.328 7.317 7.297
99-29 7.342 7.360 7.351 7.333 7.323 7.312 7.292
99-29+ 7.338 7.357 7.347 7.328 7.319 7.307 7.286
99-30 7.334 7.354 7.344 7.324 7.314 7.302 7.280
99-30+ 7.330 7.350 7.340 7.320 7.310 7.297 7.274
99-31 7.326 7.347 7.337 7.316 7.305 7.292 7.268
99-31+ 7.323 7.344 7.333 7.312 7.301 7.287 7.263
100-00 7.319 7.341 7.330 7.308 7.296 7.282 7.257
100-00+ 7.315 7.338 7.326 7.304 7.292 7.277 7.251
100-01 7.311 7.335 7.323 7.299 7.287 7.272 7.245
100-01+ 7.307 7.332 7.320 7.295 7.283 7.267 7.239
100-02 7.304 7.329 7.316 7.291 7.278 7.262 7.234
100-02+ 7.300 7.326 7.313 7.287 7.274 7.257 7.228
100-03 7.296 7.323 7.309 7.283 7.269 7.252 7.222
100-03+ 7.292 7.320 7.306 7.279 7.265 7.247 7.216
Avg. Life 5.054 6.557 5.701 4.541 4.113 3.685 3.106
Mod. Dur. 4.100 5.052 4.523 3.750 3.447 3.133 2.695
1st Pmt. 4.536 5.786 5.119 4.119 3.703 3.036 2.786
Last Pmt. 5.619 7.869 6.369 5.036 4.536 4.119 3.786
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A7 CUR Accr 0.23436 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.733 7.741 7.737 7.727 7.721 7.714 7.706
99-29 7.730 7.739 7.735 7.725 7.718 7.711 7.703
99-29+ 7.728 7.737 7.733 7.722 7.715 7.708 7.699
99-30 7.725 7.735 7.731 7.719 7.713 7.705 7.696
99-30+ 7.723 7.733 7.729 7.717 7.710 7.702 7.693
99-31 7.721 7.731 7.726 7.714 7.707 7.699 7.689
99-31+ 7.718 7.729 7.724 7.712 7.704 7.696 7.686
100-00 7.716 7.727 7.722 7.709 7.701 7.693 7.682
100-00+ 7.714 7.725 7.720 7.706 7.698 7.689 7.679
100-01 7.711 7.723 7.718 7.704 7.696 7.686 7.676
100-01+ 7.709 7.721 7.715 7.701 7.693 7.683 7.672
100-02 7.706 7.719 7.713 7.699 7.690 7.680 7.669
100-02+ 7.704 7.717 7.711 7.696 7.687 7.677 7.665
100-03 7.702 7.715 7.709 7.694 7.684 7.674 7.662
100-03+ 7.699 7.713 7.707 7.691 7.682 7.671 7.659
Avg. Life 9.984 12.662 11.247 8.861 7.859 6.958 6.131
Mod. Dur. 6.573 7.698 7.129 6.040 5.533 5.051 4.589
1st Pmt. 5.619 7.869 6.369 5.036 4.536 4.119 3.786
Last Pmt. 19.369 22.869 21.036 17.786 16.453 15.203 14.286
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A7 CUR Accr 0.23436 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.724 7.735 7.730 7.717 7.710 7.703 7.696
99-29 7.721 7.733 7.727 7.714 7.707 7.700 7.692
99-29+ 7.718 7.730 7.725 7.711 7.704 7.696 7.688
99-30 7.715 7.728 7.722 7.708 7.701 7.693 7.684
99-30+ 7.713 7.726 7.720 7.705 7.697 7.689 7.680
99-31 7.710 7.724 7.717 7.702 7.694 7.686 7.677
99-31+ 7.707 7.721 7.715 7.699 7.691 7.682 7.673
100-00 7.705 7.719 7.712 7.697 7.688 7.679 7.669
100-00+ 7.702 7.717 7.710 7.694 7.684 7.675 7.665
100-01 7.699 7.715 7.707 7.691 7.681 7.672 7.661
100-01+ 7.696 7.712 7.705 7.688 7.678 7.668 7.658
100-02 7.694 7.710 7.702 7.685 7.675 7.665 7.654
100-02+ 7.691 7.708 7.700 7.682 7.671 7.661 7.650
100-03 7.688 7.705 7.698 7.679 7.668 7.657 7.646
100-03+ 7.686 7.703 7.695 7.676 7.665 7.654 7.642
Avg. Life 7.919 10.184 8.998 7.057 6.292 5.672 5.138
Mod. Dur. 5.732 6.850 6.285 5.258 4.816 4.437 4.097
1st Pmt. 5.619 7.869 6.369 5.036 4.536 4.119 3.786
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A8 NAS Accr 0.22153 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.287 7.289 7.288 7.287 7.286 7.286 7.286
99-29 7.284 7.287 7.285 7.284 7.283 7.283 7.283
99-29+ 7.281 7.284 7.282 7.280 7.280 7.280 7.279
99-30 7.278 7.281 7.279 7.277 7.277 7.276 7.276
99-30+ 7.275 7.278 7.276 7.274 7.274 7.273 7.273
99-31 7.272 7.275 7.273 7.271 7.271 7.270 7.270
99-31+ 7.269 7.272 7.270 7.268 7.268 7.267 7.267
100-00 7.266 7.269 7.267 7.265 7.264 7.264 7.264
100-00+ 7.263 7.266 7.264 7.262 7.261 7.261 7.261
100-01 7.260 7.263 7.261 7.259 7.258 7.258 7.258
100-01+ 7.257 7.260 7.258 7.256 7.255 7.255 7.254
100-02 7.254 7.257 7.255 7.253 7.252 7.252 7.251
100-02+ 7.251 7.254 7.252 7.250 7.249 7.248 7.248
100-03 7.248 7.251 7.249 7.247 7.246 7.245 7.245
100-03+ 7.245 7.248 7.246 7.244 7.243 7.242 7.242
Avg. Life 6.755 7.044 6.882 6.662 6.595 6.553 6.535
Mod. Dur. 5.114 5.267 5.181 5.064 5.028 5.006 4.997
1st Pmt. 3.119 3.119 3.119 3.203 3.369 3.453 3.619
Last Pmt. 19.119 22.703 20.869 17.619 16.286 15.036 14.119
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class A8 NAS Accr 0.22153 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.286 7.289 7.288 7.285 7.283 7.281 7.278
99-29 7.283 7.286 7.285 7.282 7.280 7.278 7.275
99-29+ 7.280 7.283 7.282 7.279 7.277 7.274 7.271
99-30 7.277 7.280 7.279 7.276 7.274 7.271 7.268
99-30+ 7.274 7.277 7.276 7.273 7.270 7.268 7.265
99-31 7.271 7.274 7.273 7.269 7.267 7.264 7.261
99-31+ 7.268 7.271 7.270 7.266 7.264 7.261 7.258
100-00 7.265 7.268 7.266 7.263 7.261 7.258 7.254
100-00+ 7.262 7.265 7.263 7.260 7.258 7.254 7.251
100-01 7.259 7.262 7.260 7.257 7.254 7.251 7.247
100-01+ 7.255 7.259 7.257 7.254 7.251 7.248 7.244
100-02 7.252 7.256 7.254 7.251 7.248 7.244 7.241
100-02+ 7.249 7.253 7.251 7.247 7.245 7.241 7.237
100-03 7.246 7.250 7.248 7.244 7.241 7.238 7.234
100-03+ 7.243 7.247 7.245 7.241 7.238 7.234 7.230
Avg. Life 6.612 6.979 6.789 6.455 6.248 5.992 5.745
Mod. Dur. 5.046 5.240 5.140 4.960 4.844 4.696 4.548
1st Pmt. 3.119 3.119 3.119 3.203 3.369 3.453 3.619
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class M1F CUR Accr 0.23131 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.609 7.619 7.614 7.603 7.599 7.595 7.591
99-29 7.605 7.616 7.611 7.600 7.595 7.591 7.587
99-29+ 7.602 7.614 7.608 7.597 7.592 7.587 7.583
99-30 7.599 7.611 7.605 7.593 7.588 7.583 7.579
99-30+ 7.596 7.608 7.602 7.590 7.584 7.579 7.575
99-31 7.592 7.605 7.599 7.586 7.581 7.576 7.571
99-31+ 7.589 7.602 7.596 7.583 7.577 7.572 7.567
100-00 7.586 7.600 7.593 7.579 7.573 7.568 7.564
100-00+ 7.583 7.597 7.590 7.576 7.570 7.564 7.560
100-01 7.579 7.594 7.587 7.573 7.566 7.561 7.556
100-01+ 7.576 7.591 7.584 7.569 7.563 7.557 7.552
100-02 7.573 7.588 7.581 7.566 7.559 7.553 7.548
100-02+ 7.570 7.586 7.578 7.562 7.555 7.549 7.544
100-03 7.567 7.583 7.575 7.559 7.552 7.545 7.540
100-03+ 7.563 7.580 7.572 7.555 7.548 7.542 7.536
Avg. Life 6.577 7.973 7.214 6.060 5.646 5.313 5.050
Mod. Dur. 4.825 5.550 5.165 4.541 4.311 4.123 3.974
1st Pmt. 3.119 3.619 3.286 3.203 3.286 3.369 3.453
Last Pmt. 15.286 18.369 16.703 14.119 13.119 12.119 11.286
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class M1F CUR Accr 0.23131 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.604 7.616 7.610 7.598 7.593 7.588 7.584
99-29 7.600 7.613 7.607 7.595 7.589 7.584 7.580
99-29+ 7.597 7.610 7.603 7.591 7.585 7.580 7.576
99-30 7.593 7.607 7.600 7.587 7.581 7.576 7.572
99-30+ 7.590 7.604 7.597 7.584 7.578 7.572 7.568
99-31 7.587 7.601 7.594 7.580 7.574 7.568 7.564
99-31+ 7.583 7.598 7.591 7.576 7.570 7.564 7.559
100-00 7.580 7.595 7.588 7.573 7.566 7.560 7.555
100-00+ 7.576 7.592 7.584 7.569 7.562 7.556 7.551
100-01 7.573 7.589 7.581 7.565 7.558 7.552 7.547
100-01+ 7.570 7.586 7.578 7.562 7.555 7.548 7.543
100-02 7.566 7.583 7.575 7.558 7.551 7.544 7.538
100-02+ 7.563 7.580 7.572 7.554 7.547 7.540 7.534
100-03 7.559 7.577 7.568 7.551 7.543 7.536 7.530
100-03+ 7.556 7.574 7.565 7.547 7.539 7.532 7.526
Avg. Life 5.951 7.246 6.549 5.494 5.117 4.818 4.588
Mod. Dur. 4.556 5.286 4.901 4.282 4.054 3.870 3.726
1st Pmt. 3.119 3.619 3.286 3.203 3.286 3.369 3.453
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class M2F CUR Accr 0.23589 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.760 7.771 7.766 7.755 7.750 7.745 7.741
99-29 7.757 7.769 7.763 7.752 7.746 7.741 7.737
99-29+ 7.754 7.766 7.760 7.748 7.743 7.738 7.733
99-30 7.751 7.763 7.757 7.745 7.739 7.734 7.729
99-30+ 7.747 7.760 7.754 7.741 7.735 7.730 7.725
99-31 7.744 7.757 7.751 7.738 7.732 7.726 7.721
99-31+ 7.741 7.754 7.748 7.734 7.728 7.722 7.717
100-00 7.738 7.752 7.745 7.731 7.724 7.718 7.713
100-00+ 7.734 7.749 7.742 7.727 7.721 7.714 7.709
100-01 7.731 7.746 7.739 7.724 7.717 7.711 7.705
100-01+ 7.728 7.743 7.735 7.720 7.713 7.707 7.701
100-02 7.725 7.740 7.732 7.717 7.710 7.703 7.697
100-02+ 7.721 7.737 7.729 7.713 7.706 7.699 7.693
100-03 7.718 7.735 7.726 7.710 7.702 7.695 7.689
100-03+ 7.715 7.732 7.723 7.706 7.699 7.691 7.685
Avg. Life 6.507 7.882 7.136 5.986 5.562 5.212 4.928
Mod. Dur. 4.774 5.489 5.110 4.488 4.249 4.048 3.881
1st Pmt. 3.119 3.619 3.286 3.119 3.203 3.203 3.203
Last Pmt. 14.453 17.203 15.619 13.286 12.286 11.369 10.536
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class M2F CUR Accr 0.23589 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL *****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.756 7.768 7.762 7.750 7.745 7.739 7.735
99-29 7.752 7.765 7.759 7.747 7.741 7.735 7.730
99-29+ 7.749 7.762 7.756 7.743 7.737 7.731 7.726
99-30 7.746 7.759 7.753 7.739 7.733 7.727 7.722
99-30+ 7.742 7.756 7.749 7.736 7.729 7.723 7.718
99-31 7.739 7.753 7.746 7.732 7.725 7.719 7.713
99-31+ 7.735 7.750 7.743 7.728 7.721 7.715 7.709
100-00 7.732 7.747 7.740 7.725 7.717 7.711 7.705
100-00+ 7.728 7.744 7.737 7.721 7.714 7.707 7.701
100-01 7.725 7.741 7.733 7.717 7.710 7.703 7.696
100-01+ 7.722 7.739 7.730 7.714 7.706 7.699 7.692
100-02 7.718 7.736 7.727 7.710 7.702 7.694 7.688
100-02+ 7.715 7.733 7.724 7.706 7.698 7.690 7.684
100-03 7.711 7.730 7.721 7.703 7.694 7.686 7.679
100-03+ 7.708 7.727 7.717 7.699 7.690 7.682 7.675
Avg. Life 5.951 7.246 6.549 5.488 5.097 4.777 4.521
Mod. Dur. 4.533 5.255 4.875 4.258 4.021 3.823 3.662
1st Pmt. 3.119 3.619 3.286 3.119 3.203 3.203 3.203
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class B1F CUR Accr 0.24643 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO MATURITY ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 8.109 8.122 8.116 8.103 8.098 8.092 8.087
99-29 8.106 8.119 8.112 8.100 8.094 8.088 8.083
99-29+ 8.103 8.116 8.109 8.096 8.090 8.084 8.079
99-30 8.099 8.113 8.106 8.093 8.086 8.080 8.075
99-30+ 8.096 8.110 8.103 8.089 8.082 8.076 8.070
99-31 8.093 8.107 8.100 8.085 8.079 8.072 8.066
99-31+ 8.089 8.104 8.097 8.082 8.075 8.068 8.062
100-00 8.086 8.101 8.094 8.078 8.071 8.064 8.058
100-00+ 8.082 8.098 8.090 8.075 8.067 8.060 8.054
100-01 8.079 8.095 8.087 8.071 8.063 8.056 8.050
100-01+ 8.076 8.092 8.084 8.068 8.060 8.052 8.045
100-02 8.072 8.089 8.081 8.064 8.056 8.048 8.041
100-02+ 8.069 8.086 8.078 8.060 8.052 8.044 8.037
100-03 8.066 8.084 8.075 8.057 8.048 8.040 8.033
100-03+ 8.062 8.081 8.072 8.053 8.044 8.036 8.029
Avg. Life 6.292 7.641 6.909 5.783 5.359 5.014 4.725
Mod. Dur. 4.633 5.334 4.962 4.350 4.107 3.906 3.733
1st Pmt. 3.119 3.619 3.286 3.119 3.119 3.119 3.119
Last Pmt. 12.203 14.619 13.369 11.203 10.286 9.536 8.869
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72F Coupon N/A
Class B1F CUR Accr 0.24643 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 18.00 HEP 20.00 HEP 24.00 HEP 26.00 HEP 28.00 HEP 30.00
ARMS: CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00 CPR 28.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 8.106 8.119 8.113 8.100 8.094 8.088 8.083
99-29 8.103 8.116 8.110 8.096 8.090 8.084 8.079
99-29+ 8.099 8.113 8.106 8.093 8.086 8.080 8.074
99-30 8.096 8.110 8.103 8.089 8.082 8.076 8.070
99-30+ 8.092 8.107 8.100 8.085 8.078 8.072 8.066
99-31 8.089 8.104 8.097 8.082 8.074 8.067 8.061
99-31+ 8.085 8.101 8.093 8.078 8.070 8.063 8.057
100-00 8.082 8.098 8.090 8.074 8.066 8.059 8.053
100-00+ 8.078 8.095 8.087 8.070 8.062 8.055 8.048
100-01 8.075 8.092 8.084 8.067 8.059 8.051 8.044
100-01+ 8.071 8.089 8.081 8.063 8.055 8.047 8.040
100-02 8.068 8.086 8.077 8.059 8.051 8.043 8.035
100-02+ 8.065 8.083 8.074 8.056 8.047 8.039 8.031
100-03 8.061 8.080 8.071 8.052 8.043 8.034 8.027
100-03+ 8.058 8.077 8.068 8.048 8.039 8.030 8.022
Avg. Life 5.951 7.246 6.549 5.484 5.080 4.751 4.479
Mod. Dur. 4.481 5.186 4.815 4.209 3.968 3.767 3.598
1st Pmt. 3.119 3.619 3.286 3.119 3.119 3.119 3.119
Last Pmt. 03/25/06 02/25/08 02/25/07 07/25/05 11/25/04 04/25/04 10/25/03
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72A Coupon * Cap Flr 0.00
Class A9 FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00
ARMS : CPR 28.00 CPR 22.00 CPR 25.00 CPR 30.00 CPR 35.00 CPR 40.00 CPR 43.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 26.572 25.355 25.926 27.052 28.558 30.365 31.149
99-29 25.776 24.733 25.221 26.187 27.478 29.026 29.698
99-29+ 24.979 24.110 24.517 25.322 26.397 27.688 28.248
99-30 24.183 23.488 23.813 24.457 25.317 26.350 26.797
99-30+ 23.387 22.866 23.110 23.592 24.238 25.012 25.348
99-31 22.591 22.243 22.406 22.728 23.158 23.674 23.898
99-31+ 21.795 21.622 21.703 21.864 22.079 22.337 22.449
100-00 21.000 21.000 21.000 21.000 21.000 21.000 21.000
100-00+ 20.205 20.379 20.297 20.136 19.921 19.663 19.551
100-01 19.410 19.757 19.595 19.273 18.843 18.327 18.103
100-01+ 18.615 19.136 18.892 18.410 17.765 16.991 16.656
100-02 17.821 18.515 18.190 17.547 16.687 15.655 15.208
100-02+ 17.027 17.895 17.488 16.685 15.610 14.320 13.761
100-03 16.233 17.274 16.786 15.822 14.533 12.985 12.314
100-03+ 15.439 16.654 16.085 14.960 13.456 11.650 10.868
Avg. Life 2.173 2.879 2.499 1.981 1.544 1.217 1.117
Mod. Dur. 1.890 2.418 2.137 1.740 1.393 1.124 1.037
1st Pmt. 0.119 0.119 0.119 0.119 0.119 0.119 0.119
Last Pmt. 03/25/04 03/25/06 02/25/05 09/25/03 08/25/02 11/25/01 2.786
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72A Coupon * Cap Flr 0.00
Class M1A FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00
ARMS : CPR 28.00 CPR 22.00 CPR 25.00 CPR 30.00 CPR 35.00 CPR 40.00 CPR 43.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 42.585 42.220 42.430 42.646 42.625 42.776 43.412
99-29 42.216 41.903 42.083 42.268 42.250 42.379 42.924
99-29+ 41.846 41.585 41.736 41.890 41.875 41.983 42.437
99-30 41.477 41.268 41.388 41.512 41.500 41.586 41.949
99-30+ 41.108 40.951 41.041 41.134 41.125 41.189 41.462
99-31 40.738 40.634 40.694 40.756 40.750 40.793 40.974
99-31+ 40.369 40.317 40.347 40.378 40.375 40.396 40.487
100-00 40.000 40.000 40.000 40.000 40.000 40.000 40.000
100-00+ 39.631 39.683 39.653 39.622 39.625 39.604 39.513
100-01 39.262 39.366 39.306 39.245 39.250 39.207 39.026
100-01+ 38.893 39.049 38.959 38.867 38.876 38.811 38.539
100-02 38.524 38.733 38.613 38.489 38.501 38.415 38.052
100-02+ 38.155 38.416 38.266 38.112 38.127 38.019 37.566
100-03 37.787 38.100 37.919 37.735 37.752 37.623 37.079
100-03+ 37.418 37.783 37.573 37.357 37.378 37.227 36.592
Avg. Life 4.886 5.924 5.285 4.739 4.756 4.453 3.536
Mod. Dur. 4.067 4.737 4.326 3.974 4.005 3.786 3.082
1st Pmt. 3.536 3.203 3.369 3.703 4.119 4.453 2.786
Last Pmt. 03/25/04 03/25/06 02/25/05 09/25/03 08/25/02 11/25/01 06/25/01
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72A Coupon * Cap Flr 0.00
Class M2A FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00
ARMS : CPR 28.00 CPR 22.00 CPR 25.00 CPR 30.00 CPR 35.00 CPR 40.00 CPR 43.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 62.659 62.236 62.463 62.762 62.928 62.921 63.042
99-29 62.279 61.916 62.111 62.367 62.510 62.504 62.607
99-29+ 61.899 61.597 61.759 61.973 62.091 62.086 62.173
99-30 61.519 61.277 61.407 61.578 61.673 61.669 61.738
99-30+ 61.139 60.958 61.055 61.183 61.255 61.252 61.303
99-31 60.759 60.639 60.703 60.789 60.836 60.834 60.869
99-31+ 60.380 60.319 60.352 60.394 60.418 60.417 60.434
100-00 60.000 60.000 60.000 60.000 60.000 60.000 60.000
100-00+ 59.620 59.681 59.648 59.606 59.582 59.583 59.566
100-01 59.241 59.362 59.297 59.211 59.164 59.166 59.131
100-01+ 58.862 59.043 58.945 58.817 58.746 58.749 58.697
100-02 58.482 58.724 58.594 58.423 58.328 58.332 58.263
100-02+ 58.103 58.405 58.243 58.029 57.911 57.915 57.829
100-03 57.724 58.086 57.891 57.635 57.493 57.499 57.395
100-03+ 57.345 57.767 57.540 57.241 57.075 57.082 56.961
Avg. Life 4.766 5.918 5.242 4.544 4.222 4.223 4.031
Mod. Dur. 3.951 4.699 4.265 3.803 3.588 3.596 3.454
1st Pmt. 3.286 3.119 3.203 3.369 3.536 3.786 3.953
Last Pmt. 03/25/04 03/25/06 02/25/05 09/25/03 08/25/02 11/25/01 06/25/01
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Deal ID/CUSIP AMRES72A Coupon * Cap Flr 0.00
Class B1A FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 07/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (9.652/10.152) LIBOR-1M 5.68750
WAM (Orig) (28.824) Mat N/A Settle 06/12/97
**** TO 10% CALL ****
FIXED: HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00 HEP 22.00
ARMS : CPR 28.00 CPR 22.00 CPR 25.00 CPR 30.00 CPR 35.00 CPR 40.00 CPR 43.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 112.726 112.271 112.509 112.853 113.114 113.261 113.303
99-29 112.336 111.947 112.150 112.445 112.669 112.795 112.831
99-29+ 111.946 111.622 111.792 112.037 112.224 112.329 112.359
99-30 111.557 111.298 111.433 111.630 111.779 111.863 111.887
99-30+ 111.168 110.973 111.075 111.222 111.334 111.397 111.415
99-31 110.778 110.649 110.716 110.815 110.889 110.931 110.943
99-31+ 110.389 110.324 110.358 110.407 110.445 110.466 110.472
100-00 110.000 110.000 110.000 110.000 110.000 110.000 110.000
100-00+ 109.611 109.676 109.642 109.593 109.555 109.534 109.529
100-01 109.222 109.352 109.284 109.186 109.111 109.069 109.057
100-01+ 108.833 109.027 108.926 108.779 108.667 108.604 108.586
100-02 108.444 108.703 108.568 108.372 108.222 108.138 108.114
100-02+ 108.055 108.379 108.210 107.965 107.778 107.673 107.643
100-03 107.667 108.056 107.852 107.558 107.334 107.208 107.172
100-03+ 107.278 107.732 107.495 107.151 106.890 106.743 106.701
Avg. Life 4.703 5.916 5.217 4.444 3.988 3.768 3.711
Mod. Dur. 3.846 4.616 4.179 3.675 3.366 3.213 3.174
1st Pmt. 3.203 3.119 3.119 3.203 3.203 3.286 3.369
Last Pmt. 03/25/04 03/25/06 02/25/05 09/25/03 08/25/02 11/25/01 06/25/01
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Available Funds information on Adjustable Certificates
The Adjustable Rate Certificates are subject to an available funds
cap = to the Group II Net Pass-Thru Rate
DATE COUPON
--------------------
07/25/97 9.515
08/25/97 9.584
09/25/97 9.605
10/25/97 9.663
11/25/97 9.701
12/25/97 9.802
01/25/98 9.827
02/25/98 9.892
03/25/98 9.913
04/25/98 9.971
05/25/98 10.009
06/25/98 10.103
07/25/98 10.125
08/25/98 10.161
09/25/98 10.168
10/25/98 10.196
11/25/98 10.219
12/25/98 10.258
01/25/99 10.258
02/25/99 10.321
03/25/99 10.378
04/25/99 10.586
05/25/99 10.835
06/25/99 11.230
07/25/99 11.237
08/25/99 11.237
09/25/99 11.237
10/25/99 11.237
11/25/99 11.237
12/25/99 11.238
01/25/00 11.239
02/25/00 11.276
03/25/00 11.287
04/25/00 11.313
05/25/00 11.323
06/25/00 11.330 and thereafter
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
- --------------------------------------------------------------------------------
- AMRESCO72
- Cut Off Date of Tape is 04/30/97
- FIXED RATE COLLATERAL (06/01/97 Scheduled Balance)
- $277,476,416.64
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 3,484
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $277,476,416.64
Aggregate Original Principal Balance: $278,207,070.00
Weighted Average Gross Coupon: 10.318%
Gross Coupon Range: 6.000% - 17.220%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $79,643.06
Average Original Principal Balance: $79,852.78
Maximum Unpaid Principal Balance: $783,245.57
Minimum Unpaid Principal Balance: $668.26
Maximum Original Principal Balance: $783,750.00
Minimum Original Principal Balance: $10,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 326.184
Stated Rem Term Range: 112.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru Date): 3.273
Age Range: 0.000 - 35.000
Weighted Average Original Term: 329.457
Original Term Range: 120.000 - 360.000
Weighted Average Original LTV: 70.485
Original LTV Range: 8.570% - 90.000%
Weighted Average Combined LTV: 70.507
Combined LTV Range: 10.000% - 90.000%
- --------------------------------------------------------------------------------
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
5.50% < Gross Coupon <= 6.00% 2 92,605.72 0.03
6.50% < Gross Coupon <= 7.00% 2 562,260.65 0.20
7.00% < Gross Coupon <= 7.50% 5 437,075.15 0.16
7.50% < Gross Coupon <= 7.75% 10 1,613,559.28 0.58
7.75% < Gross Coupon <= 8.00% 29 3,281,907.64 1.18
8.00% < Gross Coupon <= 8.25% 46 4,511,386.34 1.63
8.25% < Gross Coupon <= 8.50% 88 9,071,383.93 3.27
8.50% < Gross Coupon <= 8.75% 111 11,989,576.73 4.32
8.75% < Gross Coupon <= 9.00% 201 20,043,510.96 7.22
9.00% < Gross Coupon <= 9.25% 121 11,977,101.17 4.32
9.25% < Gross Coupon <= 9.50% 253 24,393,538.06 8.79
9.50% < Gross Coupon <= 9.75% 210 18,577,684.96 6.70
9.75% < Gross Coupon <= 10.00% 384 34,895,430.38 12.58
10.00% < Gross Coupon <= 10.25% 168 13,896,302.07 5.01
10.25% < Gross Coupon <= 10.50% 240 19,319,971.21 6.96
10.50% < Gross Coupon <= 10.75% 214 16,745,757.28 6.04
10.75% < Gross Coupon <= 11.00% 240 18,384,762.17 6.63
11.00% < Gross Coupon <= 11.25% 132 8,798,094.26 3.17
11.25% < Gross Coupon <= 11.50% 172 11,612,374.29 4.18
11.50% < Gross Coupon <= 11.75% 133 8,581,720.86 3.09
11.75% < Gross Coupon <= 12.00% 140 9,337,349.03 3.37
12.00% < Gross Coupon <= 12.25% 98 5,008,867.46 1.81
12.25% < Gross Coupon <= 12.50% 108 5,909,224.34 2.13
12.50% < Gross Coupon <= 12.75% 79 3,902,316.32 1.41
12.75% < Gross Coupon <= 13.00% 57 2,759,496.43 0.99
13.00% < Gross Coupon <= 13.25% 54 2,654,952.89 0.96
13.25% < Gross Coupon <= 13.50% 47 2,705,035.08 0.97
13.50% < Gross Coupon <= 13.75% 28 1,084,660.72 0.39
13.75% < Gross Coupon <= 14.00% 32 1,551,179.58 0.56
14.00% < Gross Coupon <= 14.25% 16 613,970.41 0.22
14.25% < Gross Coupon <= 14.50% 20 918,429.58 0.33
14.50% < Gross Coupon <= 14.75% 12 533,217.24 0.19
14.75% < Gross Coupon <= 15.00% 9 630,965.72 0.23
15.00% < Gross Coupon <= 15.25% 4 179,478.27 0.06
15.25% < Gross Coupon <= 15.50% 8 482,241.69 0.17
15.50% < Gross Coupon <= 15.75% 1 30,450.00 0.01
15.75% < Gross Coupon <= 16.00% 6 224,148.49 0.08
16.00% < Gross Coupon <= 16.25% 2 126,121.12 0.05
17.00% < Gross Coupon <= 17.25% 2 38,309.16 0.01
- ----------------------------------------------------------------------------
Total.......... 3484 $277,476,416.64 100.00%
============================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
108 < Orig. Term <= 120 18 971,888.73 0.35%
168 < Orig. Term <= 180 749 42,686,362.36 15.38%
228 < Orig. Term <= 240 74 4,638,944.61 1.67%
288 < Orig. Term <= 300 1 23,951.87 0.01%
348 < Orig. Term <= 360 2,642 229,155,269.07 82.59%
- -------------------------------------------------------------------
Total............ 3,484 277,476,416.64 100.00%
===================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
108 < Rem Term <= 120 18 971,888.73 0.35%
156 < Rem Term <= 168 3 162,946.97 0.06%
168 < Rem Term <= 180 746 42,523,415.39 15.33%
228 < Rem Term <= 240 74 4,638,944.61 1.67%
288 < Rem Term <= 300 1 23,951.87 0.01%
324 < Rem Term <= 336 2 107,169.97 0.04%
336 < Rem Term <= 348 8 468,372.58 0.17%
348 < Rem Term <= 360 2,632 228,579,726.52 82.38%
- -------------------------------------------------------------------
Total............ 3,484 277,476,416.64 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 70 4,561,620.03 1.64%
0 < Age <= 12 3,402 272,257,212.61 98.12%
12 < Age <= 24 10 550,414.03 0.20%
24 < Age <= 36 2 107,169.97 0.04%
- -------------------------------------------------------------------
Total............ 3,484 277,476,416.64 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
5.000 < CLTV <= 10.000 1 11,510.82 0.00
10.000 < CLTV <= 15.000 6 143,931.34 0.05
15.000 < CLTV <= 20.000 20 702,587.30 0.25
20.000 < CLTV <= 25.000 24 789,055.62 0.28
25.000 < CLTV <= 30.000 40 1,736,194.77 0.63
30.000 < CLTV <= 35.000 62 2,654,970.77 0.96
35.000 < CLTV <= 40.000 68 4,522,268.32 1.63
40.000 < CLTV <= 45.000 84 4,811,003.25 1.73
45.000 < CLTV <= 50.000 139 8,358,019.34 3.01
50.000 < CLTV <= 55.000 142 9,080,864.23 3.27
55.000 < CLTV <= 60.000 296 19,019,342.98 6.85
60.000 < CLTV <= 65.000 366 26,004,133.54 9.37
65.000 < CLTV <= 70.000 574 41,286,169.39 14.88
70.000 < CLTV <= 75.000 663 59,469,170.94 21.43
75.000 < CLTV <= 80.000 697 66,521,259.03 23.97
80.000 < CLTV <= 85.000 205 22,282,423.43 8.03
85.000 < CLTV <= 90.000 97 10,083,511.57 3.63
- --------------------------------------------------------------------------
Total.................... 3,484 $277,476,416.64 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
0 < Balance <= 5,000 1 668.26 0.00
5,000 < Balance <= 10,000 2 19,905.08 0.01
10,000 < Balance <= 15,000 18 236,889.92 0.09
15,000 < Balance <= 20,000 86 1,632,185.45 0.59
20,000 < Balance <= 25,000 162 3,708,536.44 1.34
25,000 < Balance <= 30,000 166 4,670,827.41 1.68
30,000 < Balance <= 35,000 206 6,759,564.15 2.44
35,000 < Balance <= 40,000 188 7,136,373.43 2.57
40,000 < Balance <= 45,000 201 8,638,779.06 3.11
45,000 < Balance <= 50,000 232 11,131,273.58 4.01
50,000 < Balance <= 55,000 193 10,147,149.26 3.66
55,000 < Balance <= 60,000 207 11,969,048.11 4.31
60,000 < Balance <= 65,000 174 10,928,816.92 3.94
65,000 < Balance <= 70,000 153 10,373,848.15 3.74
70,000 < Balance <= 75,000 130 9,469,084.61 3.41
75,000 < Balance <= 80,000 130 10,154,703.44 3.66
80,000 < Balance <= 85,000 115 9,494,065.44 3.42
85,000 < Balance <= 90,000 108 9,494,755.28 3.42
90,000 < Balance <= 95,000 87 8,096,799.95 2.92
95,000 < Balance <= 100,000 104 10,162,625.49 3.66
100,000 < Balance <= 105,000 81 8,352,533.05 3.01
105,000 < Balance <= 110,000 70 7,534,098.20 2.72
110,000 < Balance <= 115,000 64 7,202,110.72 2.60
115,000 < Balance <= 120,000 68 8,016,034.97 2.89
120,000 < Balance <= 125,000 54 6,628,699.17 2.39
125,000 < Balance <= 130,000 37 4,721,539.51 1.70
130,000 < Balance <= 135,000 35 4,651,113.81 1.68
135,000 < Balance <= 140,000 42 5,796,788.32 2.09
140,000 < Balance <= 145,000 25 3,575,223.05 1.29
145,000 < Balance <= 150,000 30 4,440,075.96 1.60
150,000 < Balance <= 200,000 165 28,160,099.89 10.15
200,000 < Balance <= 250,000 60 13,459,014.59 4.85
250,000 < Balance <= 300,000 39 10,792,267.72 3.89
300,000 < Balance <= 350,000 19 6,055,428.00 2.18
350,000 < Balance <= 400,000 13 4,874,593.51 1.76
400,000 < Balance <= 450,000 8 3,438,600.89 1.24
450,000 < Balance <= 500,000 10 4,769,050.28 1.72
750,000 < Balance 1 783,245.57 0.28
- --------------------------------------------------------------------------
Total.................... 3484 $277,476,416.64 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AR 14 544,001.86 0.20
AZ 110 6,620,225.02 2.39
CA 897 95,313,813.36 34.35
CO 118 10,681,678.30 3.85
CT 19 1,909,192.82 0.69
DC 10 744,700.57 0.27
DE 3 142,950.29 0.05
FL 408 25,479,161.09 9.18
GA 81 5,209,685.74 1.88
HI 104 19,827,444.70 7.15
IA 11 529,833.32 0.19
ID 30 1,851,391.77 0.67
IL 153 8,716,084.30 3.14
IN 109 4,672,282.01 1.68
KS 4 177,468.43 0.06
KY 21 1,006,627.25 0.36
LA 38 1,759,904.89 0.63
MA 33 2,401,181.46 0.87
MD 32 2,038,271.38 0.73
ME 8 540,440.08 0.19
MI 88 4,844,600.28 1.75
MN 48 3,722,630.51 1.34
MO 63 2,562,896.36 0.92
MS 18 743,348.74 0.27
MT 8 777,259.46 0.28
NC 66 3,032,591.97 1.09
NE 3 124,044.60 0.04
NH 17 1,038,139.88 0.37
NJ 24 2,379,482.91 0.86
NM 37 3,069,184.86 1.11
NV 41 4,158,088.68 1.50
NY 59 6,447,846.82 2.32
OH 124 6,690,548.14 2.41
OK 12 689,211.18 0.25
OR 96 7,780,757.39 2.80
PA 118 6,270,231.37 2.26
RI 10 1,147,019.77 0.41
SC 34 1,813,708.77 0.65
TN 25 1,742,300.30 0.63
TX 151 8,291,140.85 2.99
UT 87 8,585,844.13 3.09
VA 21 1,457,778.71 0.53
WA 95 8,092,433.20 2.92
WI 16 836,819.58 0.30
WV 9 401,415.23 0.14
WY 11 610,754.31 0.22
- --------------------------------------------------------------------------
Total............... 3484 $277,476,416.64 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 3061 242,832,269.50 87.51
Low-Rise Condo 1 147,552.88 0.05
Manufactured Housing 13 622,970.04 0.22
PUD 55 5,958,424.72 2.15
Townhouses 12 783,646.66 0.28
Condominiums 137 9,192,436.49 3.31
2-4 Family 192 17,219,990.67 6.21
Mobile Home 12 672,354.77 0.24
Other 1 46,770.91 0.02
- --------------------------------------------------------------------------
Total............... 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2978 248,494,775.16 89.56
Non Owner Occ. 506 28,981,641.48 10.44
- --------------------------------------------------------------------------
Total.................. 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
LOAN TYPE Loans Balance Balance
10/6 1 29,568.84 0.01
5/6 86 9,307,679.94 3.35
FIXED 3397 268,139,167.86 96.63
- --------------------------------------------------------------------------
Total.................. 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 3479 277,287,146.67 99.93
2 5 189,269.97 0.07
- --------------------------------------------------------------------------
Total............... 3484 $277,476,416.64 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Type of Loan Loans Balance Balance
1 96 10,158,688.39 3.66
2 1949 174,164,673.69 62.77
3 666 49,988,442.71 18.02
4 219 11,119,059.82 4.01
5 554 32,045,552.03 11.55
- -----------------------------------------------------------------
Total.......... 3484 $277,476,416.64 100.00%
=================================================================
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 1139 75,683,640.82 27.28
Yes 2345 201,792,775.82 72.72
- --------------------------------------------------------------------------
Total.................. 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ACCREDITED 2 250,361.99 0.09
ADMIRAL 10 776,214.07 0.28
ALTERNATIVE LENDING 17 1,134,527.16 0.41
AMRESCO 1056 74,520,823.89 26.86
BNC 119 8,476,576.87 3.05
CFI MTG CORP 15 1,020,793.10 0.37
DLJ 1 64,878.26 0.02
FIRST COLONY 43 3,602,210.20 1.30
FREMONT INV 5 477,250.91 0.17
INVESTAID 14 753,341.40 0.27
LONG BEACH 1254 106,622,502.02 38.43
NATIONAL MORTGAGE 38 3,189,793.76 1.15
NEW CENTURY 442 40,252,518.25 14.51
OPTION ONE 351 25,974,350.75 9.36
PAN AMERICAN 13 1,221,674.04 0.44
PROVIDIAN 2 150,145.32 0.05
QUALITY 7 275,480.55 0.10
SAN DIEGO HOME 13 2,735,007.60 0.99
TEMPLE INLAND 1 23,308.81 0.01
UNITED LENDING 65 4,949,379.91 1.78
WALSH SECURITIES 1 46,770.91 0.02
WEYERHAEUSER 15 958,506.87 0.35
- --------------------------------------------------------------------------
Total............... 3484 $277,476,416.64 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 3332 266,082,561.52 95.89
Partially Amortizing 152 11,393,855.12 4.11
- --------------------------------------------------------------------------
Total.................. 3484 $277,476,416.64 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
ARMS INCLUDED IN FIXED GROUP
LOAN SUMMARY STRATIFIED BY
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
07/01/99 1 $59,660.18 00.64
03/01/00 1 $47,509.79 00.51
08/01/00 1 $81,855.46 00.88
02/01/02 27 $2,765,554.86 29.62
03/01/02 12 $1,226,551.59 13.14
04/01/02 25 $2,714,044.79 29.07
05/01/02 17 $2,312,428.27 24.77
06/01/02 2 $100,075.00 01.07
07/01/05 1 $29,568.84 00.32
- --------------------------------------------------------------------------
Total........ 87 $9,337,248.78 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
4.500 < Margin <= 5.000 10 1,394,477.84 14.93
5.000 < Margin <= 5.500 11 1,481,872.80 15.87
5.500 < Margin <= 6.000 11 1,001,902.13 10.73
6.000 < Margin <= 6.500 21 1,642,229.60 17.59
6.500 < Margin <= 7.000 20 2,033,728.60 21.78
7.000 < Margin <= 7.500 9 1,037,587.68 11.11
7.500 < Margin <= 8.000 3 641,606.68 6.87
8.000 < Margin <= 8.500 1 26,917.64 0.29
8.500 < Margin <= 9.000 1 76,925.81 0.82
- --------------------------------------------------------------------------
Total................. 87 $ 9,337,248.78 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
LIFE CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
13.000 < LIFE CAP <= 13.500 1 207,310.68 2.22
13.500 < LIFE CAP <= 14.000 1 42,671.76 0.46
14.000 < LIFE CAP <= 14.500 4 554,588.68 5.94
14.500 < LIFE CAP <= 15.000 12 790,292.30 8.46
15.000 < LIFE CAP <= 15.500 11 1,389,765.62 14.88
15.500 < LIFE CAP <= 16.000 11 1,993,600.22 21.35
16.000 < LIFE CAP <= 16.500 5 624,798.96 6.69
16.500 < LIFE CAP <= 17.000 9 900,391.88 9.64
17.000 < LIFE CAP <= 17.500 6 572,605.13 6.13
17.500 < LIFE CAP <= 18.000 5 246,372.56 2.64
18.000 < LIFE CAP <= 18.500 9 653,177.12 7.00
18.500 < LIFE CAP <= 19.000 5 274,523.48 2.94
19.000 < LIFE CAP <= 19.500 2 106,494.65 1.14
19.500 < LIFE CAP <= 20.000 2 145,411.78 1.56
20.000 < LIFE CAP <= 20.500 2 747,876.14 8.01
20.500 < LIFE CAP <= 21.000 1 36,984.85 0.40
21.000 < LIFE CAP <= 21.500 1 50,382.97 0.54
- --------------------------------------------------------------------------
Total................. 87 $9,337,248.78 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
4.500 < Life Floor <= 5.000 2 368,291.47 3.94
5.000 < Life Floor <= 5.500 7 1,046,498.78 11.21
5.500 < Life Floor <= 6.000 3 167,813.98 1.80
6.000 < Life Floor <= 6.500 3 144,802.30 1.55
6.500 < Life Floor <= 7.000 7 640,363.77 6.86
7.000 < Life Floor <= 7.500 6 336,535.82 3.60
7.500 < Life Floor <= 8.000 6 1,122,314.55 12.02
8.000 < Life Floor <= 8.500 12 790,292.30 8.46
8.500 < Life Floor <= 9.000 14 2,078,402.92 22.26
9.000 < Life Floor <= 9.500 3 290,151.44 3.11
9.500 < Life Floor <= 10.000 7 794,650.88 8.51
10.000 < Life Floor <= 10.500 6 573,730.66 6.14
10.500 < Life Floor <= 11.000 2 144,134.17 1.54
11.000 < Life Floor <= 11.500 4 395,274.83 4.23
11.500 < Life Floor <= 12.000 2 76,902.45 0.82
12.500 < Life Floor <= 13.000 1 76,925.81 0.82
13.000 < Life Floor <= 13.500 2 290,162.65 3.11
- --------------------------------------------------------------------------
Total................. 87 $ 9,337,248.78 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
- --------------------------------------------------------------------------------
- AMRESCO72
- Cut Off Date of Tape is 04/30/97
- ADJUSTABLE RATE COLLATERAL (06/01/97 Scheduled Balance)
- $316,683,005.45
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 3,135
Lien Status: First Lien Loans
Index: 6 Month LIBOR
Aggregate Unpaid Principal Balance: $316,683,005.45
Aggregate Original Principal Balance: $317,421,192.00
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 10.013%
Gross Coupon Range: 5.593% - 16.680%
Weighted Average Margin (Gross): 5.822%
Gross Margin Range: 4.250% - 9.990%
Weighted Average Life Cap (Gross): 16.358%
Gross Life Cap Range: 10.713% - 23.680%
Weighted Average Life Floor (Gross): 9.858%
Gross Life Floor Range: 4.875% - 16.680%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $101,015.31
Average Original Principal Balance: $101,250.78
Maximum Unpaid Principal Balance: $1,449,214.55
Minimum Unpaid Principal Balance: $9,989.44
Maximum Original Principal Balance: $1,450,000.00
Minimum Original Principal Balance: $10,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 355.981
Stated Rem Term Range: 163.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru): 3.103
Age Range: 0.000 - 24.000
Weighted Average Original Term: 359.084
Original Term Range: 180.000 - 360.000
Weighted Average Original LTV: 73.704
Original LTV Range: 12.000% - 90.000%
Weighted Average Periodic Interest Cap: 1.089%
Periodic Interest Cap Range: 1.000% - 3.000%
Weighted Average Months to Interest Roll: 17.155
Months to Interest Roll Range: 1 - 36
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
- --------------------------------------------------------------------------------
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
5.50% < Gross Coupon <= 6.00% 2 168,972.38 0.05
6.00% < Gross Coupon <= 6.50% 8 936,047.23 0.30
6.50% < Gross Coupon <= 7.00% 13 2,015,143.49 0.64
7.00% < Gross Coupon <= 7.50% 26 3,360,519.07 1.06
7.50% < Gross Coupon <= 7.75% 31 3,677,170.25 1.16
7.75% < Gross Coupon <= 8.00% 48 6,667,892.83 2.11
8.00% < Gross Coupon <= 8.25% 47 4,719,823.77 1.49
8.25% < Gross Coupon <= 8.50% 113 14,386,118.12 4.54
8.50% < Gross Coupon <= 8.75% 128 16,874,717.75 5.33
8.75% < Gross Coupon <= 9.00% 200 25,933,176.22 8.19
9.00% < Gross Coupon <= 9.25% 133 16,714,090.64 5.28
9.25% < Gross Coupon <= 9.50% 197 23,252,428.75 7.34
9.50% < Gross Coupon <= 9.75% 238 27,080,320.32 8.55
9.75% < Gross Coupon <= 10.00% 313 34,014,650.73 10.74
10.00% < Gross Coupon <= 10.25% 187 16,819,919.80 5.31
10.25% < Gross Coupon <= 10.50% 215 21,820,163.41 6.89
10.50% < Gross Coupon <= 10.75% 239 21,614,347.94 6.83
10.75% < Gross Coupon <= 11.00% 237 21,329,025.92 6.74
11.00% < Gross Coupon <= 11.25% 128 10,332,594.53 3.26
11.25% < Gross Coupon <= 11.50% 112 9,420,084.45 2.97
11.50% < Gross Coupon <= 11.75% 115 8,784,442.61 2.77
11.75% < Gross Coupon <= 12.00% 73 4,676,132.32 1.48
12.00% < Gross Coupon <= 12.25% 51 3,480,713.94 1.10
12.25% < Gross Coupon <= 12.50% 58 3,671,910.62 1.16
12.50% < Gross Coupon <= 12.75% 34 1,860,240.28 0.59
12.75% < Gross Coupon <= 13.00% 33 2,576,642.32 0.81
13.00% < Gross Coupon <= 13.25% 16 1,038,201.40 0.33
13.25% < Gross Coupon <= 13.50% 25 2,001,824.18 0.63
13.50% < Gross Coupon <= 13.75% 16 994,923.72 0.31
13.75% < Gross Coupon <= 14.00% 16 1,097,035.35 0.35
14.00% < Gross Coupon <= 14.25% 16 986,728.17 0.31
14.25% < Gross Coupon <= 14.50% 11 693,136.09 0.22
14.50% < Gross Coupon <= 14.75% 6 380,572.57 0.12
14.75% < Gross Coupon <= 15.00% 25 1,548,648.04 0.49
15.00% < Gross Coupon <= 15.25% 12 777,826.11 0.25
15.25% < Gross Coupon <= 15.50% 5 314,654.18 0.10
15.50% < Gross Coupon <= 15.75% 3 218,708.75 0.07
15.75% < Gross Coupon <= 16.00% 3 312,594.81 0.10
16.00% < Gross Coupon <= 16.25% 1 69,968.31 0.02
16.50% < Gross Coupon <= 16.75% 1 60,894.08 0.02
- ----------------------------------------------------------------------------
Total.......... 3135 $316,683,005.45 100.00%
============================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
168 < Orig. Term <= 180 37 1,611,083.39 0.51%
348 < Orig. Term <= 360 3,098 315,071,922.06 99.49%
- -------------------------------------------------------------------
Total............ 3,135 316,683,005.45 100.00%
===================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
156 < Rem Term <= 168 1 14,491.40 0.00%
168 < Rem Term <= 180 36 1,596,591.99 0.50%
324 < Rem Term <= 336 1 134,666.48 0.04%
336 < Rem Term <= 348 9 1,103,054.52 0.35%
348 < Rem Term <= 360 3,088 313,834,201.06 99.10%
- -------------------------------------------------------------------
Total............ 3,135 316,683,005.45 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 50 4,224,700.01 1.33%
0 < Age <= 12 3,076 311,497,295.41 98.36%
12 < Age <= 24 9 961,010.03 0.30%
- -------------------------------------------------------------------
Total............ 3,135 316,683,005.45 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
10.000 < CLTV <= 15.000 4 293,832.78 0.09
15.000 < CLTV <= 20.000 2 79,832.99 0.03
20.000 < CLTV <= 25.000 9 420,808.79 0.13
25.000 < CLTV <= 30.000 10 531,981.88 0.17
30.000 < CLTV <= 35.000 19 1,024,015.32 0.32
35.000 < CLTV <= 40.000 29 1,608,908.25 0.51
40.000 < CLTV <= 45.000 26 2,329,319.18 0.74
45.000 < CLTV <= 50.000 63 5,539,764.88 1.75
50.000 < CLTV <= 55.000 81 6,791,690.71 2.14
55.000 < CLTV <= 60.000 173 13,546,936.35 4.28
60.000 < CLTV <= 65.000 409 34,750,172.27 10.97
65.000 < CLTV <= 70.000 524 47,694,023.85 15.06
70.000 < CLTV <= 75.000 591 60,740,666.38 19.18
75.000 < CLTV <= 80.000 808 94,032,421.97 29.69
80.000 < CLTV <= 85.000 161 18,876,952.17 5.96
85.000 < CLTV <= 90.000 226 28,421,677.68 8.97
- --------------------------------------------------------------------------
Total.................... 3,135 $316,683,005.45 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
4.000 < Margin <= 4.500 87 8,697,448.20 2.75
4.500 < Margin <= 5.000 438 46,971,566.10 14.83
5.000 < Margin <= 5.500 860 95,792,600.87 30.25
5.500 < Margin <= 6.000 594 61,830,615.47 19.52
6.000 < Margin <= 6.500 500 49,614,022.83 15.67
6.500 < Margin <= 7.000 299 26,894,223.30 8.49
7.000 < Margin <= 7.500 192 15,005,093.37 4.74
7.500 < Margin <= 8.000 108 7,017,659.27 2.22
8.000 < Margin <= 8.500 38 3,003,818.26 0.95
8.500 < Margin <= 9.000 12 1,064,842.92 0.34
9.000 < Margin <= 9.500 4 561,842.04 0.18
9.500 < Margin <= 10.000 3 229,272.82 0.07
- --------------------------------------------------------------------------
Total................. 3,135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED
BY LIFE CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
10.500 < LIFE CAP <= 11.000 1 96,327.58 0.03
11.500 < LIFE CAP <= 12.000 1 45,850.89 0.01
12.000 < LIFE CAP <= 12.500 6 666,283.86 0.21
12.500 < LIFE CAP <= 13.000 12 1,862,491.51 0.59
13.000 < LIFE CAP <= 13.500 27 3,371,526.75 1.06
13.500 < LIFE CAP <= 14.000 65 8,734,736.38 2.76
14.000 < LIFE CAP <= 14.500 124 13,883,954.71 4.38
14.500 < LIFE CAP <= 15.000 237 30,246,114.46 9.55
15.000 < LIFE CAP <= 15.500 284 35,440,127.79 11.19
15.500 < LIFE CAP <= 16.000 456 52,403,553.80 16.55
16.000 < LIFE CAP <= 16.500 364 39,311,674.94 12.41
16.500 < LIFE CAP <= 17.000 486 47,218,263.83 14.91
17.000 < LIFE CAP <= 17.500 300 26,491,183.13 8.37
17.500 < LIFE CAP <= 18.000 260 21,584,204.51 6.82
18.000 < LIFE CAP <= 18.500 151 10,639,228.61 3.36
18.500 < LIFE CAP <= 19.000 123 8,294,625.28 2.62
19.000 < LIFE CAP <= 19.500 57 3,887,303.59 1.23
19.500 < LIFE CAP <= 20.000 47 3,178,857.47 1.00
20.000 < LIFE CAP <= 20.500 38 2,616,992.36 0.83
20.500 < LIFE CAP <= 21.000 20 1,601,854.37 0.51
21.000 < LIFE CAP <= 21.500 25 1,646,650.47 0.52
21.500 < LIFE CAP <= 22.000 28 1,800,062.35 0.57
22.000 < LIFE CAP <= 22.500 15 998,970.86 0.32
22.500 < LIFE CAP <= 23.000 6 531,303.56 0.17
23.000 < LIFE CAP <= 23.500 1 69,968.31 0.02
23.500 < LIFE CAP <= 24.000 1 60,894.08 0.02
- --------------------------------------------------------------------------
Total................. 3135 $316,683,005.45 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
4.500 < Life Floor <= 5.000 2 329,749.97 0.10
5.000 < Life Floor <= 5.500 2 211,724.42 0.07
5.500 < Life Floor <= 6.000 19 2,847,915.54 0.90
6.000 < Life Floor <= 6.500 43 6,386,278.63 2.02
6.500 < Life Floor <= 7.000 33 4,586,613.74 1.45
7.000 < Life Floor <= 7.500 49 5,954,659.42 1.88
7.500 < Life Floor <= 8.000 91 11,309,196.81 3.57
8.000 < Life Floor <= 8.500 149 17,044,701.34 5.38
8.500 < Life Floor <= 9.000 305 38,425,339.32 12.13
9.000 < Life Floor <= 9.500 322 39,131,432.51 12.36
9.500 < Life Floor <= 10.000 533 58,974,235.09 18.62
10.000 < Life Floor <= 10.500 389 36,870,264.86 11.64
10.500 < Life Floor <= 11.000 463 41,422,216.95 13.08
11.000 < Life Floor <= 11.500 233 18,938,602.79 5.98
11.500 < Life Floor <= 12.000 184 13,132,537.99 4.15
12.000 < Life Floor <= 12.500 105 6,780,347.83 2.14
12.500 < Life Floor <= 13.000 62 4,049,454.30 1.28
13.000 < Life Floor <= 13.500 41 3,040,025.58 0.96
13.500 < Life Floor <= 14.000 29 1,945,634.86 0.61
14.000 < Life Floor <= 14.500 26 1,653,472.88 0.52
14.500 < Life Floor <= 15.000 31 1,929,220.61 0.61
15.000 < Life Floor <= 15.500 16 1,057,214.06 0.33
15.500 < Life Floor <= 16.000 6 531,303.56 0.17
16.000 < Life Floor <= 16.500 1 69,968.31 0.02
16.500 < Life Floor <= 17.000 1 60,894.08 0.02
- --------------------------------------------------------------------------
Total................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
07/01/97 218 $26,245,819.81 08.29
08/01/97 71 $8,596,894.77 02.71
09/01/97 215 $23,779,914.54 07.51
10/01/97 135 $15,389,079.54 04.86
11/01/97 134 $14,185,552.30 04.48
12/01/97 69 $8,310,743.02 02.62
08/01/98 2 $514,502.11 00.16
10/01/98 4 $350,873.49 00.11
11/01/98 7 $628,274.64 00.20
12/01/98 22 $1,828,921.83 00.58
01/01/99 94 $11,633,398.05 03.67
02/01/99 127 $13,530,897.90 04.27
03/01/99 556 $55,739,041.69 17.60
04/01/99 624 $60,721,875.52 19.17
05/01/99 385 $34,860,695.98 11.01
06/01/99 37 $2,319,760.01 00.73
08/01/99 1 $67,249.15 00.02
11/01/99 1 $107,115.43 00.03
12/01/99 13 $1,152,520.83 00.36
01/01/00 177 $15,953,923.66 05.04
02/01/00 35 $3,727,397.79 01.18
03/01/00 136 $11,248,192.97 03.55
04/01/00 47 $3,698,441.40 01.17
05/01/00 23 $1,834,919.02 00.58
06/01/00 2 $257,000.00 00.08
- --------------------------------------------------------------------------
Total........ 3135 $316,683,005.45 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance <= 10,000 1 9,989.44 0.00
10,000 < Balance <= 15,000 7 91,775.35 0.03
15,000 < Balance <= 20,000 27 502,498.46 0.16
20,000 < Balance <= 25,000 57 1,304,914.67 0.41
25,000 < Balance <= 30,000 79 2,201,351.42 0.70
30,000 < Balance <= 35,000 116 3,760,528.92 1.19
35,000 < Balance <= 40,000 109 4,140,491.64 1.31
40,000 < Balance <= 45,000 117 5,032,136.83 1.59
45,000 < Balance <= 50,000 150 7,166,525.21 2.26
50,000 < Balance <= 55,000 138 7,259,120.26 2.29
55,000 < Balance <= 60,000 170 9,860,580.96 3.11
60,000 < Balance <= 65,000 139 8,729,167.57 2.76
65,000 < Balance <= 70,000 120 8,115,966.70 2.56
70,000 < Balance <= 75,000 138 10,043,652.37 3.17
75,000 < Balance <= 80,000 137 10,645,679.38 3.36
80,000 < Balance <= 85,000 120 9,955,516.92 3.14
85,000 < Balance <= 90,000 119 10,426,644.12 3.29
90,000 < Balance <= 95,000 117 10,835,342.85 3.42
95,000 < Balance <= 100,000 115 11,253,985.82 3.55
100,000 < Balance <= 105,000 108 11,145,575.81 3.52
105,000 < Balance <= 110,000 79 8,523,318.37 2.69
110,000 < Balance <= 115,000 70 7,876,188.09 2.49
115,000 < Balance <= 120,000 84 9,908,412.06 3.13
120,000 < Balance <= 125,000 54 6,632,856.92 2.09
125,000 < Balance <= 130,000 67 8,556,395.68 2.70
130,000 < Balance <= 135,000 59 7,823,806.08 2.47
135,000 < Balance <= 140,000 60 8,088,358.45 2.55
140,000 < Balance <= 145,000 39 5,576,661.41 1.76
145,000 < Balance <= 150,000 47 6,952,793.40 2.20
150,000 < Balance <= 200,000 247 42,590,595.63 13.45
200,000 < Balance <= 250,000 118 26,218,806.26 8.28
250,000 < Balance <= 300,000 50 13,761,349.17 4.35
300,000 < Balance <= 350,000 33 10,702,653.94 3.38
350,000 < Balance <= 400,000 19 7,185,316.82 2.27
400,000 < Balance <= 450,000 7 3,034,976.26 0.96
450,000 < Balance <= 500,000 10 4,859,428.82 1.53
500,000 < Balance <= 550,000 3 1,559,649.40 0.49
550,000 < Balance <= 600,000 1 598,901.85 0.19
650,000 < Balance <= 700,000 1 666,940.46 0.21
700,000 < Balance <= 750,000 1 715,000.00 0.23
750,000 < Balance 2 2,369,151.68 0.75
- --------------------------------------------------------------------------
Total.................... 3135 $316,683,005.45 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance <= 10,000 1 9,989.44 0.00
10,000 < Balance <= 15,000 7 91,775.35 0.03
15,000 < Balance <= 20,000 27 502,498.46 0.16
20,000 < Balance <= 25,000 57 1,304,914.67 0.41
25,000 < Balance <= 30,000 79 2,201,351.42 0.70
30,000 < Balance <= 35,000 116 3,760,528.92 1.19
35,000 < Balance <= 40,000 111 4,219,159.32 1.33
40,000 < Balance <= 45,000 119 5,120,372.53 1.62
45,000 < Balance <= 50,000 148 7,078,289.51 2.24
50,000 < Balance <= 55,000 137 7,219,904.33 2.28
55,000 < Balance <= 60,000 170 9,860,580.96 3.11
60,000 < Balance <= 65,000 139 8,729,167.57 2.76
65,000 < Balance <= 70,000 121 8,185,664.65 2.58
70,000 < Balance <= 75,000 138 10,043,652.37 3.17
75,000 < Balance <= 80,000 138 10,725,661.35 3.39
80,000 < Balance <= 85,000 121 10,045,338.10 3.17
85,000 < Balance <= 90,000 118 10,346,796.54 3.27
90,000 < Balance <= 95,000 120 11,124,175.70 3.51
95,000 < Balance <= 100,000 112 10,975,089.13 3.47
100,000 < Balance <= 105,000 107 11,045,684.08 3.49
105,000 < Balance <= 110,000 80 8,629,562.36 2.72
110,000 < Balance <= 115,000 71 7,991,168.54 2.52
115,000 < Balance <= 120,000 83 9,793,431.61 3.09
120,000 < Balance <= 125,000 54 6,632,856.92 2.09
125,000 < Balance <= 130,000 68 8,686,130.75 2.74
130,000 < Balance <= 135,000 60 7,963,599.34 2.51
135,000 < Balance <= 140,000 55 7,603,436.43 2.40
140,000 < Balance <= 145,000 39 5,576,661.41 1.76
145,000 < Balance <= 150,000 49 7,252,734.46 2.29
150,000 < Balance <= 200,000 247 42,689,271.23 13.48
200,000 < Balance <= 250,000 116 25,820,189.60 8.15
250,000 < Balance <= 300,000 50 13,761,349.17 4.35
300,000 < Balance <= 350,000 33 10,702,653.94 3.38
350,000 < Balance <= 400,000 19 7,185,316.82 2.27
400,000 < Balance <= 450,000 7 3,034,976.26 0.96
450,000 < Balance <= 500,000 10 4,859,428.82 1.53
500,000 < Balance <= 550,000 3 1,559,649.40 0.49
550,000 < Balance <= 600,000 1 598,901.85 0.19
650,000 < Balance <= 700,000 1 666,940.46 0.21
700,000 < Balance <= 750,000 1 715,000.00 0.23
750,000 < Balance 2 2,369,151.68 0.75
- --------------------------------------------------------------------------
Total.................... 3135 $316,683,005.45 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AR 1 43,822.72 0.01
AZ 72 8,030,684.19 2.54
CA 432 59,815,815.58 18.89
CO 117 13,293,371.19 4.20
CT 72 8,250,977.90 2.61
DC 16 1,714,910.49 0.54
DE 5 530,985.76 0.17
FL 210 18,535,132.19 5.85
GA 76 8,268,855.97 2.61
HI 40 7,768,764.81 2.45
IA 5 358,781.67 0.11
ID 13 1,859,391.01 0.59
IL 255 22,822,861.38 7.21
IN 68 3,941,176.16 1.24
KS 11 2,348,506.51 0.74
KY 37 2,337,946.09 0.74
LA 6 385,073.20 0.12
MA 120 12,873,676.11 4.07
MD 91 8,433,361.88 2.66
ME 20 1,387,892.65 0.44
MI 113 10,085,055.12 3.18
MN 68 5,693,782.78 1.80
MO 79 3,987,648.15 1.26
MS 1 45,479.22 0.01
MT 3 301,293.31 0.10
NC 100 7,139,174.23 2.25
NE 4 202,073.97 0.06
NH 19 1,923,832.49 0.61
NJ 24 3,089,980.84 0.98
NM 39 3,304,762.28 1.04
NV 69 7,861,581.83 2.48
NY 47 5,107,712.83 1.61
OH 117 8,263,508.51 2.61
OK 1 71,912.46 0.02
OR 90 9,689,327.25 3.06
PA 87 7,028,373.75 2.22
RI 47 4,370,114.51 1.38
SC 19 1,245,614.83 0.39
TN 4 417,206.53 0.13
TX 81 6,597,361.20 2.08
UT 119 13,002,916.75 4.11
VA 78 8,836,898.03 2.79
VT 2 109,037.50 0.03
WA 172 19,076,536.56 6.02
WI 70 4,970,618.99 1.57
WV 9 816,096.02 0.26
WY 6 443,118.05 0.14
- --------------------------------------------------------------------------
Total............... 3135 $316,683,005.45 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 2732 275,040,214.44 86.85
Low-Rise Condo 10 1,690,324.26 0.53
Manufactured Housing 1 68,121.19 0.02
PUD 105 14,498,103.66 4.58
Townhouses 3 181,289.43 0.06
Condominiums 115 9,726,796.13 3.07
2-4 Family 169 15,478,156.34 4.89
- --------------------------------------------------------------------------
Total............... 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2791 292,197,037.29 92.27
Non Owner Occ. 344 24,485,968.16 7.73
- --------------------------------------------------------------------------
Total.................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
PRODUCT TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
County Loans Balance Balance
2/6 1858 182,128,241.22 57.51
3/6 435 38,046,760.25 12.01
6 MO LIBOR 842 96,508,003.98 30.47
- --------------------------------------------------------------------------
Total.................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 3135 316,683,005.45 100.00
- --------------------------------------------------------------------------
Total............... 3135 $316,683,005.45 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Type of Loan Loans Balance Balance
1 40 4,233,647.31 1.34
2 1528 177,599,478.21 56.08
3 787 76,686,240.21 24.22
4 213 16,191,859.16 5.11
5 567 41,971,780.56 13.25
- -----------------------------------------------------------------
Total.......... 3135 $316,683,005.45 100.00%
=================================================================
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 3135 316,683,005.45 100.00
- --------------------------------------------------------------------------
Total.................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
PREPAYMENT PENALTY Loans Balance Balance
No 1432 141,323,562.07 44.63
Yes 1703 175,359,443.38 55.37
- --------------------------------------------------------------------------
Total.................. 3135 $316,683,005.45 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
ORIGINATOR Loans Balance Balance
ACCREDITED 3 283,313.59 0.09
ADMIRAL 39 4,442,721.14 1.40
ALTERNATIVE LENDING 15 1,048,151.93 0.33
AMRESCO 874 78,998,847.12 24.95
BNC 4 271,255.29 0.09
CFI MTG CORP 4 341,460.73 0.11
DLJ 2 514,502.11 0.16
FIRST COLONY 51 6,807,698.79 2.15
FREMONT INV 13 1,173,651.27 0.37
HIGHLAND 1 186,102.65 0.06
INVESTAID 1 95,728.39 0.03
LONG BEACH 89 12,608,478.60 3.98
NATIONAL MORTGAGE 133 15,262,707.76 4.82
NEW CENTURY 14 1,506,555.77 0.48
OPTION ONE 1605 157,629,556.01 49.78
PAN AMERICAN 181 21,385,270.91 6.75
QUALITY 6 601,065.41 0.19
TEMPLE INLAND 1 123,956.74 0.04
UNITED LENDING 13 1,146,835.91 0.36
WEYERHAEUSER 86 12,255,145.33 3.87
- --------------------------------------------------------------------------
Total............... 3135 $316,683,005.45 100.00%
==========================================================================
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by Amresco Residential Securities Corporation with respect
to the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
