<PAGE>
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
March 13, 1997
AMRESCO Residential Securities Corporation
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-8687 75-2620414
--------------------------------- ------------ -------------------
(State or Other Jurisdiction of (Commission (I.R.S. Employer
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 1997-1, 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 CS First Boston relating to the
Offered Certificates.
99.3 Computational Materials of Morgan Stanley & Co. 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: March 14, 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 CS First Boston
relating to the Offered Certificates _______
99.3 Computational Materials of Morgan Stanley & Co.
<PAGE>
Exhibit 99.1
AMRESCO Residential Securities Corporation
Mortgage Loan Trust
Series 1997-1 Offered Certificates
AMRESCO 1997-1
---------------------------------------------
$[ 38,800,000] Class A-1 Fixed Rate Certificates - [ TBA %]
$[ 35,200,000] Class A-2 Fixed Rate Certificates - [ TBA %]
$[ 44,700,000] Class A-3 Fixed Rate Certificates - [ TBA %]
$[ 19,400,000] Class A-4 Fixed Rate Certificates - [ TBA %]
$[ 12,000,000] Class A-5 Fixed Rate Certificates - [ TBA %]
$[ 13,400,000] Class A-6 Fixed Rate Certificates - [ TBA %]
$[ 20,106,000] Class A-7 Fixed Rate Certificates - [ TBA %]
$[ 20,400,000] Class A-8 Fixed Rate Certificates - [ TBA %]
$[281,479,000] Class A-9 Floating Rate Certificates - 1M LIBOR+ [ TBA %]
$[ 6,485,000] Class M-1F Fixed Rate Certificates - [ TBA %]
$[ 26,763,000] Class M-1A Adjustable Rate Certificates - 1M LIBOR + [ TBA %]
$[ 12,971,000] Class M-2F Fixed Rate Certificates - [ TBA %]
$[ 24,917,000] Class M-2A Adjustable Rate Certificates - 1M LIBOR + [ TBA %]
$[ 12,383,948] Class B-1F Fixed Rate Certificates - [ TBA %]
$[ 35,995,052] Class B-1A Adjustable Rate Certificates - 1M LIBOR + [ TBA %]
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 1997-1 Offered Certificates
ALL CERTIFICATES
----------------
Title of Securities: AMRESCO Residential Securities Corporation Mortgage
Loan Trust 1997-1,
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: March [14], 1997
Settlement Date: March [27], 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 -
--------------------------------
April 1997 - March 2000 -- 0%
April 2000 - March 2002 -- 45%
April 2002 - March 2003 -- 80%
April 2003 - March 2004 -- 100%
April 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 Class 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 1997-1 Offered Certificates
ALL CERTIFICATES (cont.)
------------------------
CLASS PERCENTAGE:
-----------------
Group I Group II
------- --------
Class A - [70.00]% Class A - [48.50]%
Class M-1 - [75.50]% Class M-1 - [63.00]%
Class M-2 - [86.50]% Class M-2 - [76.50]%
Class B - [97.00]% Class B - [96.00]%
STEPDOWN DATE:
--------------
For each Group, the later of (i) the April 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:
[30.00]%
Group II Senior Specified Enhancement Percentage:
[51.50]%
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.
Class Sizes: GROUP I GROUP II
------- --------
Class A - [86.50]% Class A - [76.25]%
Class M-1 - [2.75]% Class M-1 - [7.25]%
Class M-2 - [5.50]% Class M-2 - [6.75]%
Class B - [5.25]% Class B - [9.75]%
O/C - [0 to 1.50]% O/C - [0 to 2.00]%
Flow of Funds: GROUP I AND GROUP II MONTHLY CASH FLOWS
1) to each Servicer, any unreimbursed advances 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 1997-1 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: The Class A Certificates - "Aaa" by Moody's Investors
Service, "AAA" by Fitch
Investors Service and
"AAA" by Duff & Phelps
Credit Rating Co.
The Class M-1 Certificates - "Aa2" by Moody's Investors
Service, "AA" by Fitch
Investors Service and "AA"
by Duff & Phelps Credit
Rating Co.
The Class M-2 Certificates - "A2" by Moody's Investors
Service, "A" by Fitch
Investors Service and "A"
by Duff & Phelps Credit
Rating Co.
The Class B Certificates - "Baa3" by Moody's
Investors Service, "BBB"
by Fitch Investors Service
and "BBB" by Duff & Phelps
Credit Rating Co.
Clean-up Calls: The Residual Holder has the option to excercise a call
when the outstanding Certificate Balance equals 10% or
less of the original principal balance of the
Certificates. If such call is not exercised, the
Servicers will have the option to purchase the mortgage
loans when the outstanding Certificate Balance has
declined to 5% of original. Each call will be
excercised at par plus accrued interest.
ERISA Consideration: The Fixed Rate Senior Certificates will be ERISA
eligible. The Adjustable Rate Senior Certificates will
be ERISA following the expiration of the Prefunding
Period. 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: The 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, Mike Cordry at (212) 778-2840, 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 1997-1 Offered Certificates
- --------------------------------------------------------------------------------
GROUP I FIXED RATE CERTIFICATES
Collateral: Group I: Fixed Rate, First and Second Lien Mortgage
Loans.
Approximate Group Size: [235,846,000]
<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: [$38,800,000] [$35,200,000] [$44,700,000] [$19,400,000] [$12,000,000] [$13,400,000]
Avg Life to 10% Call Date: [0.40] years [1.08] years [2.00] years [3.00] years [4.00] years [5.15] years
Avg. Life to Maturity (app.) [0.40] years [1.08] years [2.00] years [3.00] years [4.00] years [5.15] 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 [23]% HEP [23]% HEP [23]% HEP [23]% HEP [23]% HEP [ ]% HEP
Yield (CBE): [ TBA ] [ TBA ]% [ TBA ]% [ TBA ]% [ TBA ]%
Day Count: 30/360 30/360 30/360 30/360 30/360
Expected Maturity To Call: [12/25/97] [8/25/98] [10/25/99] [10/25/00] [9/25/01] [3/25/03]
(at pricing speed)
Expected Maturity: [12/25/97] [8/25/98] [10/25/99] [9/25/01] [3/25/03]
(at pricing speed)
Stated Maturity: [2/25/09] [5/25/14] [10/25/20] [12/25/22] [1/25/24] [2/25/25]
Class A-7 Class A-8 Class M-1 Class M-2 Class B
--------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
Approximate Face Amount: [$20,106,000] [$20,400,000] [$6,485,000] [$12,971,000] [$12,383,948]
Avg Life to 10% Call Date: [7.56] years [6.42] years [5.50] years [5.49] years [5.47] years
Avg. Life to Maturity (app.) [10.39] years [6.69] years [6.20] years [6.13] years [5.82] years
Pass-Through Rate: [ TBA ]%*/** [ TBA ]%* [ TBA ]%* [ TBA ]%* [ TBA ]%*
Price [ TBA ] [ TBA ] [ TBA ] [ TBA ] [ TBA ]
Spread: [ TBA ] [ TBA ] [ TBA ] [ TBA ] [ TBA ]
Pricing Speed [23]% HEP [23]% HEP [23]% HEP [23]% HEP [23]% HEP
Yield (CBE): [ TBA ] [ TBA ]% [ TBA ]% [ TBA ]% [ TBA ]%
Day Count: 30/360 30/360 30/360 30/360 30/360
Expected Maturity To Call: [2/25/05] [2/25/05] [2/25/05] [2/25/05] [2/25/05]
(at pricing speed)
Expected Maturity: [8/25/15] [6/25/15] [11/25/11] [3/25/11] [3/25/09]
(at pricing speed)
Stated Maturity: [8/25/26] [7/25/26] [6/25/26] [6/25/26] [3/25/26]
</TABLE>
* Coupon is subject to Available Funds Cap
**50 bps Step-up after Clean-up Call Date. Coupon Step-up 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 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 1997-1 Offered Certificates
- --------------------------------------------------------------------------------
GROUP I
GROUP I FIXED RATE CERTIFICATES (Cont.)
Pre-Funding Account: On the closing date, approximately [$15 million] will
be deposited in a pre-funding account for the purchase
of additional fixed rate mortgage loans. From the
closing date until [May] 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
[May], 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 [April 25], 1997.
Payment Delay: 24 days for the Group I Fixed Rate Certificates.
Coupon Step-Up: If the Cleanup Call is not exercised, the coupon on the
Class A-7 Certificates shall be [Coupon + 50 bps per
annum]; 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 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 1997-1 Adjustable Rate Certificates
- --------------------------------------------------------------------------------
GROUP II ADJUSTABLE RATE CERTIFICATES
Collateral: Group II: Adjustable Rate, First and Second Lien
Mortgage Loans.
Approximate Group Size: [369,154,000]
<TABLE>
<CAPTION>
Class A-9 Class M-1 Class M-2 Class B-1
--------- --------- --------- ---------
<S> <C> <C> <C> <C>
Approximate Face Amount: [$281,479,000] [$26,763,000] [$24,917,000] [$35,995,052]
Avg Life to 10% Call Date: [2.33] years [5.34] years [5.26] years [5.18] years
Avg. Life to Maturity (app.) [2.52] years [5.88] years [5.75] years [5.43] years
Pass-Through Rate: [ TBA ]%*/** [ TBA ]%*/** [ TBA ]%*/** [ TBA ]%*/**
Price [ TBA ] [ TBA ] [ TBA ] [ TBA ]
Spread: [ TBA ] [ TBA ] [ TBA ] [ TBA ]
Pricing Speed [25]% CPR [25]% CPR [25]% CPR [25]% CPR
Yield (CBE): [ TBA ] [ TBA ]% [ TBA ]% [ TBA ]
Day Count: actual/360 actual/360 actual/360 actual/360
Expected Maturity To Call: [2/25/05] [2/25/05] [2/25/05] [2/25/05]
(at pricing speed)
Expected Maturity: [7/25/13] [6/25/11] [5/25/10] [11/25/08]
(at pricing speed)
Stated Maturity: [12/25/26] [11/25/26] [10/25/26] [9/25/26]
</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 [$63.1 million] will
be deposited in a pre-funding account for the purchase
of additional adjustable rate mortgage loans. From the
closing date until [May] 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 [May], 1997 distribution date.
Coupon Step-Up: If the Cleanup Call is not exercised, 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 April 25, 1997.
Interest Accrual Period: Interest will accrue from the 25th day
of the preceding month 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 1997-1 Offered Certificates
Available Pool
Information FIXED FLOATING
---------- ----------
Loans: [2,687] Loans:[2,879]
Balance:[220,845,948.40] Balance:[306,064,443.90]
WAC:[10.107]% WAC:[9.809]%
WAM:[325] WAM:[356]; WA LTV: [72.95]%
WA LTV: [69.70]% Gross Margin:[6.103]%
% 1st Liens: [99.18]% % 1st Liens: [99.93]%
% of 5/25 Loans: [5.97]% % of 2/28 Loans: [39.01]%
% of 3/27 Loans: [17.89]%
Credit Grade Credit Grade:
PAG I: [28.56]% PAG I: [6.69]%
PAG II: [36.80]% PAG II: [46.56]%
PAG III: [18.21]% PAG III: [25.29]%
PAG IV: [6.11]% PAG IV: [6.34]%
PAG V: [10.10]% PAG V: [14.26]%
UNKNOWN: [0.22]% UNKNOWN: [0.86]%
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $38,800,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $38,800,000.00 BOND A1 PRICE-YIELD TABLE YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 6.495 6.650 6.590 6.551 6.442 6.406 6.374
99-24+ 6.455 6.621 6.556 6.514 6.397 6.358 6.324
99-25 6.414 6.591 6.522 6.478 6.353 6.311 6.275
99-25+ 6.373 6.562 6.488 6.441 6.308 6.263 6.225
99-26 6.332 6.532 6.454 6.404 6.263 6.216 6.175
99-26+ 6.291 6.502 6.420 6.367 6.218 6.169 6.126
99-27 6.250 6.473 6.386 6.331 6.174 6.121 6.076
99-27+ 6.210 6.443 6.352 6.294 6.129 6.074 6.027
99-28 6.169 6.414 6.318 6.257 6.084 6.027 5.977
99-28+ 6.128 6.384 6.284 6.220 6.040 5.980 5.928
99-29 6.087 6.355 6.250 6.184 5.995 5.932 5.878
99-29+ 6.046 6.325 6.216 6.147 5.951 5.885 5.828
99-30 6.006 6.296 6.183 6.110 5.906 5.838 5.779
99-30+ 5.965 6.266 6.149 6.074 5.861 5.791 5.730
99-31 5.924 6.237 6.115 6.037 5.817 5.744 5.680
99-31+ 5.884 6.207 6.081 6.000 5.772 5.696 5.631
100-00 5.843 6.178 6.047 5.964 5.728 5.649 5.581
100-00+ 5.802 6.148 6.013 5.927 5.683 5.602 5.532
100-01 5.762 6.119 5.980 5.891 5.639 5.555 5.483
100-01+ 5.721 6.089 5.946 5.854 5.595 5.508 5.433
100-02 5.681 6.060 5.912 5.817 5.550 5.461 5.384
100-02+ 5.640 6.031 5.878 5.781 5.506 5.414 5.335
100-03 5.599 6.001 5.844 5.744 5.461 5.367 5.285
100-03+ 5.559 5.972 5.811 5.708 5.417 5.320 5.236
100-04 5.518 5.942 5.777 5.671 5.373 5.273 5.187
100-04+ 5.478 5.913 5.743 5.635 5.328 5.226 5.138
100-05 5.437 5.884 5.710 5.598 5.284 5.179 5.089
100-05+ 5.397 5.854 5.676 5.562 5.240 5.132 5.039
100-06 5.356 5.825 5.642 5.525 5.195 5.085 4.990
100-06+ 5.316 5.796 5.609 5.489 5.151 5.038 4.941
100-07 5.276 5.766 5.575 5.452 5.107 4.992 4.892
100-07+ 5.235 5.737 5.541 5.416 5.063 4.945 4.843
First Payment 0.078 0.078 0.078 0.078 0.078 0.078 0.078
Average Life 0.399 0.555 0.482 0.444 0.364 0.343 0.327
Last Payment 0.744 1.078 0.911 0.828 0.661 0.578 0.578
Mod.Dur. @ 100-00 0.382 0.528 0.460 0.425 0.349 0.330 0.315
Accrued Interest 0.502 0.502 0.502 0.502 0.502 0.502 0.502
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $35,200,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $35,200,000.00 BOND A2 PRICE-YIELD TABLE YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 6.484 6.544 6.522 6.507 6.462 6.447 6.432
99-24+ 6.469 6.534 6.509 6.493 6.445 6.429 6.412
99-25 6.453 6.523 6.497 6.480 6.427 6.410 6.392
99-25+ 6.438 6.513 6.485 6.466 6.410 6.392 6.373
99-26 6.423 6.502 6.472 6.453 6.393 6.373 6.353
99-26+ 6.407 6.492 6.460 6.439 6.375 6.355 6.333
99-27 6.392 6.481 6.448 6.426 6.358 6.336 6.313
99-27+ 6.376 6.471 6.436 6.412 6.341 6.318 6.294
99-28 6.361 6.460 6.423 6.398 6.324 6.299 6.274
99-28+ 6.346 6.450 6.411 6.385 6.306 6.281 6.254
99-29 6.330 6.440 6.399 6.371 6.289 6.263 6.235
99-29+ 6.315 6.429 6.386 6.358 6.272 6.244
99-30 6.299 6.419 6.374 6.344 6.255 6.226
99-30+ 6.284 6.408 6.362 6.331 6.237
99-31 6.269 6.398 6.349 6.317 6.220
99-31+ 6.253 6.387 6.337 6.304 6.203
100-00 6.238 6.377 6.325 6.290 6.186 6.116
100-00+ 6.223 6.366 6.313 6.277 6.169 6.097
100-01 6.207 6.356 6.300 6.263 6.151 6.077
100-01+ 6.192 6.346 6.288 6.250 6.057
100-02 6.177 6.335 6.276 6.236 6.078 6.038
100-02+ 6.161 6.325 6.264 6.223 6.060 6.018
100-03 6.146 6.314 6.251 6.209 6.042 5.998
100-03+ 6.131 6.304 6.239 6.196 6.065 6.023 5.979
100-04 6.115 6.293 6.227 6.182 6.048 6.005 5.959
100-04+ 6.100 6.283 6.215 6.169 6.031 5.986 5.940
100-05 6.085 6.273 6.202 6.155 6.014 5.968 5.920
100-05+ 6.069 6.262 6.190 6.142 5.997 5.950 5.900
100-06 6.054 6.252 6.178 6.128 5.980 5.931 5.881
100-06+ 6.039 6.241 6.166 6.115 5.962 5.913 5.861
100-07 6.023 6.231 6.153 6.101 5.945 5.895 5.841
100-07+ 6.008 6.221 6.141 6.088 5.928 5.876 5.822
First Payment 0.744 1.078 0.911 0.828 0.661 0.578 0.578
Average Life 1.080 1.620 1.364 1.235 0.960 0.895 0.836
Last Payment 1.411 2.161 1.828 1.661 1.244 1.161 1.078
Mod.Dur. @ 100-00 1.012 1.490 1.266 1.151 0.903 0.845 0.790
Accrued Interest 0.475 0.475 0.475 0.475 0.475 0.475 0.475
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $44,700,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE:$44,700,000.00 BOND A3 PRICE-YIELD TABLE YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 6.691 6.726 6.713 6.704 6.677 6.668 6.659
99-24+ 6.682 6.721 6.706 6.697 6.667 6.658 6.648
99-25 6.674 6.715 6.699 6.689 6.658 6.647 6.636
99-25+ 6.665 6.709 6.692 6.681 6.648 6.637 6.625
99-26 6.656 6.703 6.686 6.674 6.638 6.626 6.614
99-26+ 6.648 6.697 6.679 6.666 6.629 6.616 6.603
99-27 6.639 6.692 6.672 6.659 6.619 6.606 6.592
99-27+ 6.631 6.686 6.665 6.651 6.609 6.595 6.581
99-28 6.622 6.680 6.658 6.644 6.600 6.585 6.570
99-28+ 6.613 6.674 6.651 6.636 6.590 6.574 6.559
99-29 6.605 6.669 6.645 6.629 6.581 6.564 6.547
99-29+ 6.596 6.663 6.638 6.621 6.571 6.554 6.536
99-30 6.588 6.657 6.631 6.614 6.561 6.543 6.525
99-30+ 6.579 6.651 6.624 6.606 6.552 6.533 6.514
99-31 6.571 6.645 6.617 6.599 6.542 6.522 6.503
99-31+ 6.562 6.640 6.611 6.591 6.532 6.512 6.492
100-00 6.553 6.634 6.604 6.584 6.523 6.502 6.481
100-00+ 6.545 6.628 6.597 6.576 6.513 6.491 6.470
100-01 6.536 6.622 6.590 6.569 6.503 6.481 6.459
100-01+ 6.528 6.617 6.583 6.561 6.494 6.471 6.447
100-02 6.519 6.611 6.576 6.554 6.484 6.460 6.436
100-02+ 6.511 6.605 6.570 6.546 6.474 6.450 6.425
100-03 6.502 6.599 6.563 6.539 6.465 6.440 6.414
100-03+ 6.493 6.594 6.556 6.531 6.455 6.429 6.403
100-04 6.485 6.588 6.549 6.524 6.446 6.419 6.392
100-04+ 6.476 6.582 6.542 6.516 6.436 6.408 6.381
100-05 6.468 6.576 6.536 6.508 6.426 6.398 6.370
100-05+ 6.459 6.571 6.529 6.501 6.417 6.388 6.359
100-06 6.451 6.565 6.522 6.493 6.407 6.377 6.348
100-06+ 6.442 6.559 6.515 6.486 6.397 6.367 6.337
100-07 6.434 6.553 6.508 6.479 6.388 6.357 6.326
100-07+ 6.425 6.548 6.502 6.471 6.378 6.346 6.315
First Payment 1.411 2.161 1.828 1.661 1.244 1.161 1.078
Average Life 2.000 3.085 2.562 2.303 1.763 1.632 1.519
Last Payment 2.578 4.161 3.411 2.994 2.328 2.161 1.994
Mod.Dur. @ 100-00 1.814 2.698 2.280 2.068 1.613 1.499 1.401
Accrued Interest 0.484 0.484 0.484 0.484 0.484 0.484 0.484
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $19,400,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $19,400,000.00 BOND A4 PRICE-YIELD TABLE YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 6.890 6.918 6.908 6.901 6.878 6.871 6.864
99-24+ 6.884 6.914 6.904 6.896 6.871 6.864 6.856
99-25 6.878 6.910 6.899 6.891 6.864 6.857 6.848
99-25+ 6.872 6.906 6.894 6.886 6.858 6.849 6.841
99-26 6.866 6.902 6.890 6.881 6.851 6.842 6.833
99-26+ 6.860 6.899 6.885 6.876 6.844 6.835 6.825
99-27 6.854 6.895 6.881 6.871 6.837 6.827 6.817
99-27+ 6.848 6.891 6.876 6.866 6.830 6.820 6.809
99-28 6.842 6.887 6.872 6.861 6.823 6.813 6.801
99-28+ 6.836 6.883 6.867 6.856 6.817 6.805 6.793
99-29 6.831 6.879 6.862 6.851 6.810 6.798 6.786
99-29+ 6.825 6.876 6.858 6.845 6.803 6.791 6.778
99-30 6.819 6.872 6.853 6.840 6.796 6.783 6.770
99-30+ 6.813 6.868 6.849 6.835 6.789 6.776 6.762
99-31 6.807 6.864 6.844 6.830 6.783 6.769 6.754
99-31+ 6.801 6.860 6.840 6.825 6.776 6.761 6.746
100-00 6.795 6.856 6.835 6.820 6.769 6.754 6.738
100-00+ 6.789 6.853 6.831 6.815 6.762 6.747 6.731
100-01 6.783 6.849 6.826 6.810 6.755 6.739 6.723
100-01+ 6.777 6.845 6.821 6.805 6.749 6.732 6.715
100-02 6.771 6.841 6.817 6.800 6.742 6.725 6.707
100-02+ 6.765 6.837 6.812 6.795 6.735 6.717 6.699
100-03 6.760 6.834 6.808 6.790 6.728 6.710 6.691
100-03+ 6.754 6.830 6.803 6.785 6.721 6.703 6.684
100-04 6.748 6.826 6.799 6.780 6.715 6.695 6.676
100-04+ 6.742 6.822 6.794 6.775 6.708 6.688 6.668
100-05 6.736 6.818 6.790 6.769 6.701 6.681 6.660
100-05+ 6.730 6.814 6.785 6.764 6.694 6.674 6.652
100-06 6.724 6.811 6.780 6.759 6.687 6.666 6.644
100-06+ 6.718 6.807 6.776 6.754 6.681 6.659 6.637
100-07 6.712 6.803 6.771 6.749 6.674 6.652 6.629
100-07+ 6.706 6.799 6.767 6.744 6.667 6.644 6.621
First Payment 2.578 4.161 3.411 2.994 2.328 2.161 1.994
Average Life 2.998 4.942 4.031 3.570 2.569 2.375 2.202
Last Payment 3.578 5.911 4.744 4.244 2.828 2.661 2.411
Mod.Dur. @ 100-00 2.626 4.060 3.412 3.068 2.284 2.125 1.982
Accrued Interest 0.496 0.496 0.496 0.496 0.496 0.496 0.496
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $12,000,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $12,000,000.00 BOND A5 PRICE-YIELD TABLE YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.099 7.123 7.114 7.108 7.087 7.076 7.069
99-24+ 7.095 7.120 7.110 7.104 7.082 7.069 7.063
99-25 7.090 7.117 7.107 7.100 7.076 7.063 7.056
99-25+ 7.085 7.114 7.103 7.096 7.071 7.057 7.049
99-26 7.081 7.111 7.099 7.092 7.065 7.051 7.042
99-26+ 7.076 7.108 7.096 7.088 7.060 7.044 7.036
99-27 7.072 7.105 7.092 7.084 7.054 7.038 7.029
99-27+ 7.067 7.102 7.089 7.080 7.049 7.032 7.022
99-28 7.062 7.099 7.085 7.076 7.043 7.025
99-28+ 7.058 7.096 7.081 7.072 7.038 7.019
99-29 7.053 7.093 7.078 7.068 7.032 7.013
99-29+ 7.048 7.090 7.074 7.064 7.027
99-30 7.044 7.087 7.071 7.060 7.021
99-30+ 7.039 7.084 7.067 7.056 7.016 6.994
99-31 7.035 7.081 7.064 7.052 7.011 6.988 6.975
99-31+ 7.030 7.078 7.060 7.048 7.005 6.981 6.969
100-00 7.025 7.075 7.056 7.044 7.000 6.975 6.962
100-00+ 7.021 7.072 7.053 7.040 6.994 6.969 6.955
100-01 7.016 7.069 7.049 7.036 6.989 6.963 6.948
100-01+ 7.012 7.066 7.046 7.032 6.983 6.956 6.942
100-02 7.007 7.063 7.042 7.028 6.978 6.950 6.935
100-02+ 7.002 7.060 7.038 7.024 6.972 6.944 6.928
100-03 6.998 7.057 7.035 7.020 6.967 6.938 6.922
100-03+ 6.993 7.054 7.031 7.016 6.961 6.931 6.915
100-04 6.989 7.051 7.028 7.012 6.956 6.925 6.908
100-04+ 6.984 7.048 7.024 7.008 6.950 6.919 6.902
100-05 6.979 7.045 7.021 7.004 6.945 6.913 6.895
100-05+ 6.975 7.043 7.017 7.000 6.940 6.906 6.888
100-06 6.970 7.040 7.013 6.996 6.934 6.900 6.881
100-06+ 6.966 7.037 7.010 6.992 6.929 6.894 6.875
100-07 6.961 7.034 7.006 6.988 6.923 6.888 6.868
100-07+ 6.956 7.031 7.003 6.984 6.918 6.881 6.861
First Payment 3.578 5.911 4.744 4.244 2.828 2.661 2.411
Average Life 3.997 6.829 5.383 4.735 3.294 2.822 2.618
Last Payment 4.494 8.244 6.078 5.328 3.828 2.994 2.828
Mod.Dur. @ 100-00 3.374 5.245 4.338 3.899 2.846 2.480 2.316
Accrued Interest 0.510 0.510 0.510 0.510 0.510 0.510 0.510
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $13,400,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $13,400,000.00 BOND A6 PRICE-YIELD TABLE YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.254 7.274 7.268 7.262 7.245 7.239 7.228
99-24+ 7.250 7.272 7.265 7.259 7.241 7.234 7.223
99-25 7.246 7.269 7.262 7.256 7.237 7.230 7.217
99-25+ 7.242 7.267 7.260 7.252 7.232 7.225 7.212
99-26 7.239 7.265 7.257 7.249 7.228 7.220 7.206
99-26+ 7.235 7.262 7.254 7.246 7.224 7.216 7.201
99-27 7.231 7.260 7.251 7.243 7.220 7.211 7.195
99-27+ 7.227 7.258 7.248 7.240 7.215 7.206 7.190
99-28 7.224 7.255 7.246 7.237 7.211 7.201 7.184
99-28+ 7.220 7.253 7.243 7.233 7.207 7.197 7.179
99-29 7.216 7.251 7.240 7.230 7.202 7.192 7.173
99-29+ 7.212 7.248 7.237 7.227 7.198 7.187 7.168
99-30 7.209 7.246 7.235 7.224 7.194 7.182 7.162
99-30+ 7.205 7.244 7.232 7.221 7.189 7.178 7.157
99-31 7.201 7.241 7.229 7.217 7.185 7.173 7.151
99-31+ 7.197 7.239 7.226 7.214 7.181 7.168 7.146
100-00 7.194 7.236 7.223 7.211 7.177 7.164 7.141
100-00+ 7.190 7.234 7.221 7.208 7.172 7.159 7.135
100-01 7.186 7.232 7.218 7.205 7.168 7.154 7.130
100-01+ 7.183 7.229 7.215 7.202 7.164 7.149 7.124
100-02 7.179 7.227 7.212 7.198 7.159 7.145 7.119
100-02+ 7.175 7.225 7.210 7.195 7.155 7.140 7.113
100-03 7.171 7.222 7.207 7.192 7.151 7.135 7.108
100-03+ 7.168 7.220 7.204 7.189 7.147 7.131 7.102
100-04 7.164 7.218 7.201 7.186 7.142 7.126 7.097
100-04+ 7.160 7.215 7.199 7.183 7.138 7.121 7.091
100-05 7.156 7.213 7.196 7.179 7.134 7.117 7.086
100-05+ 7.153 7.211 7.193 7.176 7.129 7.112 7.080
100-06 7.149 7.208 7.190 7.173 7.125 7.107 7.075
100-06+ 7.145 7.206 7.187 7.170 7.121 7.102 7.070
100-07 7.142 7.204 7.185 7.167 7.117 7.098 7.064
100-07+ 7.138 7.201 7.182 7.164 7.112 7.093 7.059
First Payment 4.494 8.244 6.078 5.328 3.828 2.994 2.828
Average Life 5.145 9.403 7.523 6.310 4.359 3.910 3.308
Last Payment 5.994 9.744 8.911 8.161 4.994 4.494 4.078
Mod.Dur. @ 100-00 4.161 6.619 5.609 4.903 3.621 3.298 2.846
Accrued Interest 0.520 0.520 0.520 0.520 0.520 0.520 0.520
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $20,106,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $20,106,000.00 BOND A7 PRICE-YIELD TABLE YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.680 7.688 7.685 7.684 7.675 7.672 7.667
99-24+ 7.677 7.686 7.683 7.681 7.672 7.669 7.664
99-25 7.675 7.683 7.681 7.679 7.669 7.665 7.660
99-25+ 7.672 7.681 7.678 7.676 7.666 7.662 7.657
99-26 7.669 7.679 7.676 7.673 7.663 7.659 7.653
99-26+ 7.666 7.676 7.673 7.671 7.660 7.655 7.649
99-27 7.663 7.674 7.671 7.668 7.657 7.652 7.646
99-27+ 7.661 7.672 7.668 7.666 7.654 7.649 7.642
99-28 7.658 7.669 7.666 7.663 7.651 7.645 7.639
99-28+ 7.655 7.667 7.663 7.660 7.648 7.642 7.635
99-29 7.652 7.665 7.661 7.658 7.645 7.639 7.632
99-29+ 7.649 7.662 7.658 7.655 7.641 7.635 7.628
99-30 7.647 7.660 7.656 7.653 7.638 7.632 7.624
99-30+ 7.644 7.658 7.653 7.650 7.635 7.629 7.621
99-31 7.641 7.655 7.651 7.648 7.632 7.626 7.617
99-31+ 7.638 7.653 7.648 7.645 7.629 7.622 7.614
100-00 7.635 7.651 7.646 7.642 7.626 7.619 7.610
100-00+ 7.633 7.648 7.643 7.640 7.623 7.616 7.607
100-01 7.630 7.646 7.641 7.637 7.620 7.612 7.603
100-01+ 7.627 7.644 7.638 7.635 7.617 7.609 7.599
100-02 7.624 7.641 7.636 7.632 7.614 7.606 7.596
100-02+ 7.621 7.639 7.633 7.629 7.611 7.602 7.592
100-03 7.619 7.637 7.631 7.627 7.608 7.599 7.589
100-03+ 7.616 7.634 7.628 7.624 7.604 7.596 7.585
100-04 7.613 7.632 7.626 7.622 7.601 7.592 7.582
100-04+ 7.610 7.630 7.623 7.619 7.598 7.589 7.578
100-05 7.607 7.627 7.621 7.617 7.595 7.586 7.574
100-05+ 7.605 7.625 7.618 7.614 7.592 7.583 7.571
100-06 7.602 7.623 7.616 7.611 7.589 7.579 7.567
100-06+ 7.599 7.620 7.614 7.609 7.586 7.576 7.564
100-07 7.596 7.618 7.611 7.606 7.583 7.573 7.560
100-07+ 7.594 7.616 7.609 7.604 7.580 7.569 7.557
First Payment 5.994 9.744 8.911 8.161 4.994 4.494 4.078
Average Life 7.558 9.744 8.911 8.407 6.658 6.111 5.542
Last Payment 7.911 9.744 8.911 8.411 7.494 7.328 7.078
Mod.Dur. @ 100-00 5.554 6.662 6.264 6.011 5.035 4.702 4.347
Accrued Interest 0.549 0.549 0.549 0.549 0.549 0.549 0.549
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $20,400,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $20,400,000.00 BOND A8 PRICE-YIELD TABLE YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.217 7.220 7.218 7.218 7.216 7.215 7.215
99-24+ 7.213 7.217 7.215 7.214 7.213 7.212 7.211
99-25 7.210 7.214 7.212 7.211 7.209 7.209 7.208
99-25+ 7.207 7.211 7.209 7.208 7.206 7.206 7.205
99-26 7.204 7.208 7.206 7.205 7.203 7.202 7.202
99-26+ 7.201 7.205 7.203 7.202 7.200 7.199 7.198
99-27 7.198 7.202 7.200 7.199 7.196 7.196 7.195
99-27+ 7.195 7.199 7.197 7.196 7.193 7.193 7.192
99-28 7.191 7.197 7.194 7.193 7.190 7.189 7.188
99-28+ 7.188 7.194 7.191 7.190 7.187 7.186 7.185
99-29 7.185 7.191 7.188 7.187 7.184 7.183
99-29+ 7.182 7.188 7.185 7.184 7.180 7.180
99-30 7.179 7.185 7.182 7.181 7.177 7.176
99-30+ 7.176 7.182 7.179 7.178 7.174
99-31 7.173 7.179 7.176 7.174 7.171
99-31+ 7.169 7.176 7.173 7.171 7.168
100-00 7.166 7.173 7.170 7.168 7.164 7.162
100-00+ 7.163 7.170 7.167 7.165 7.159
100-01 7.160 7.167 7.164 7.162 7.156
100-01+ 7.157 7.164 7.161 7.159 7.152
100-02 7.154 7.162 7.158 7.156 7.151 7.149
100-02+ 7.151 7.159 7.155 7.153 7.147 7.146
100-03 7.147 7.156 7.152 7.150 7.144 7.143
100-03+ 7.144 7.153 7.149 7.14 7.142 7.141 7.139
100-04 7.141 7.150 7.146 7.14 7.139 7.138 7.136
100-04+ 7.138 7.147 7.143 7.141 7.136 7.134 7.133
100-05 7.135 7.144 7.140 7.138 7.132 7.131 7.129
100-05+ 7.132 7.141 7.137 7.134 7.129 7.128 7.126
100-06 7.129 7.138 7.134 7.131 7.126 7.125 7.123
100-06+ 7.125 7.135 7.131 7.128 7.123 7.121 7.120
100-07 7.122 7.132 7.128 7.125 7.120 7.118 7.116
100-07+ 7.119 7.129 7.125 7.122 7.116 7.115 7.113
First Payment 3.161 3.078 3.078 3.078 3.328 3.494 3.578
Average Life 6.425 7.120 6.797 6.617 6.259 6.180 6.073
Last Payment 7.911 9.744 8.911 8.411 7.494 7.328 7.078
Mod.Dur. @ 100-00 4.946 5.330 5.152 5.053 4.852 4.807 4.746
Accrued Interest 0.517 0.517 0.517 0.517 0.517 0.517 0.517
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $6,485,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $6,485,000.00 BOND M1F PRICE-YIELD TABLE YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.504 7.517 7.512 7.509 7.500 7.498 7.496
99-24+ 7.500 7.515 7.509 7.506 7.496 7.494 7.492
99-25 7.497 7.512 7.506 7.502 7.492 7.490 7.488
99-25+ 7.493 7.509 7.503 7.499 7.488 7.486 7.484
99-26 7.490 7.506 7.500 7.496 7.484 7.482 7.480
99-26+ 7.486 7.503 7.497 7.492 7.481 7.478 7.476
99-27 7.482 7.501 7.494 7.489 7.477 7.474 7.471
99-27+ 7.479 7.498 7.491 7.486 7.473 7.470 7.467
99-28 7.475 7.495 7.488 7.482 7.469 7.466 7.463
99-28+ 7.471 7.492 7.484 7.479 7.465 7.462 7.459
99-29 7.468 7.489 7.481 7.476 7.461 7.458 7.455
99-29+ 7.464 7.487 7.478 7.472 7.457 7.454 7.451
99-30 7.460 7.484 7.475 7.469 7.453 7.450 7.447
99-30+ 7.457 7.481 7.472 7.466 7.450 7.446 7.443
99-31 7.453 7.478 7.469 7.462 7.446 7.442 7.438
99-31+ 7.450 7.476 7.466 7.459 7.442 7.438 7.434
100-00 7.446 7.473 7.463 7.456 7.438 7.434 7.430
100-00+ 7.442 7.470 7.460 7.452 7.434 7.430 7.426
100-01 7.439 7.467 7.457 7.449 7.430 7.426 7.422
100-01+ 7.435 7.464 7.453 7.446 7.426 7.422 7.418
100-02 7.432 7.462 7.450 7.442 7.422 7.418 7.414
100-02+ 7.428 7.459 7.447 7.439 7.419 7.414 7.410
100-03 7.424 7.456 7.444 7.436 7.415 7.410 7.405
100-03+ 7.421 7.453 7.441 7.432 7.411 7.406 7.401
100-04 7.417 7.451 7.438 7.429 7.407 7.402 7.397
100-04+ 7.413 7.448 7.435 7.426 7.403 7.398 7.393
100-05 7.410 7.445 7.432 7.423 7.399 7.394 7.389
100-05+ 7.406 7.442 7.429 7.419 7.395 7.390 7.385
100-06 7.403 7.439 7.426 7.416 7.391 7.386 7.381
100-06+ 7.399 7.437 7.422 7.413 7.388 7.382 7.377
100-07 7.395 7.434 7.419 7.409 7.384 7.378 7.373
100-07+ 7.392 7.431 7.416 7.406 7.380 7.374 7.368
First Payment 3.161 4.161 3.494 3.078 3.244 3.411 3.494
Average Life 5.499 7.691 6.689 6.133 5.051 4.846 4.672
Last Payment 7.911 9.744 8.911 8.411 7.494 7.328 7.078
Mod.Dur. @ 100-00 4.292 5.588 5.018 4.685 4.011 3.882 3.774
Accrued Interest 0.538 0.538 0.538 0.538 0.538 0.538 0.538
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $12,971,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $12,971,000.00 BOND M2F PRICE-YIELD TABLE YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.753 7.767 7.761 7.758 7.748 7.745 7.743
99-24+ 7.749 7.764 7.758 7.754 7.744 7.741 7.739
99-25 7.745 7.761 7.755 7.751 7.740 7.737 7.735
99-25+ 7.742 7.758 7.752 7.748 7.736 7.733 7.730
99-26 7.738 7.756 7.749 7.744 7.732 7.729 7.726
99-26+ 7.734 7.753 7.746 7.741 7.728 7.725 7.722
99-27 7.731 7.750 7.743 7.738 7.724 7.721 7.718
99-27+ 7.727 7.747 7.740 7.734 7.720 7.717 7.714
99-28 7.723 7.744 7.736 7.731 7.716 7.713 7.709
99-28+ 7.720 7.741 7.733 7.728 7.713 7.709 7.705
99-29 7.716 7.739 7.730 7.724 7.709 7.705 7.701
99-29+ 7.712 7.736 7.727 7.721 7.705 7.701 7.697
99-30 7.709 7.733 7.724 7.718 7.701 7.696 7.692
99-30+ 7.705 7.730 7.721 7.714 7.697 7.692 7.688
99-31 7.701 7.727 7.718 7.711 7.693 7.688 7.684
99-31+ 7.698 7.725 7.714 7.707 7.689 7.684 7.680
100-00 7.694 7.722 7.711 7.704 7.685 7.680 7.676
100-00+ 7.690 7.719 7.708 7.701 7.681 7.676 7.671
100-01 7.687 7.716 7.705 7.697 7.677 7.672 7.667
100-01+ 7.683 7.713 7.702 7.694 7.673 7.668 7.663
100-02 7.679 7.711 7.699 7.691 7.669 7.664 7.659
100-02+ 7.676 7.708 7.696 7.687 7.665 7.660 7.655
100-03 7.672 7.705 7.693 7.684 7.662 7.656 7.650
100-03+ 7.668 7.702 7.690 7.681 7.658 7.652 7.646
100-04 7.665 7.699 7.686 7.677 7.654 7.648 7.642
100-04+ 7.661 7.697 7.683 7.674 7.650 7.644 7.638
100-05 7.658 7.694 7.680 7.671 7.646 7.640 7.634
100-05+ 7.654 7.691 7.677 7.667 7.642 7.635 7.629
100-06 7.650 7.688 7.674 7.664 7.638 7.631 7.625
100-06+ 7.647 7.685 7.671 7.661 7.634 7.627 7.621
100-07 7.643 7.683 7.668 7.657 7.630 7.623 7.617
100-07+ 7.639 7.680 7.665 7.654 7.626 7.619 7.613
First Payment 3.078 4.161 3.494 3.078 3.161 3.161 3.244
Average Life 5.494 7.691 6.689 6.133 5.022 4.795 4.593
Last Payment 7.911 9.744 8.911 8.411 7.494 7.328 7.078
Mod.Dur. @ 100-00 4.255 5.533 4.974 4.646 3.961 3.817 3.690
Accrued Interest 0.555 0.555 0.555 0.555 0.555 0.555 0.555
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $12,383,948.40 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $12,383,948.40 BOND B1F PRICE-YIELD TABLE YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 8.057 8.072 8.067 8.063 8.052 8.048 8.045
99-24+ 8.053 8.070 8.064 8.059 8.048 8.044 8.041
99-25 8.050 8.067 8.060 8.056 8.044 8.040
99-25+ 8.046 8.064 8.057 8.053 8.040 8.036
99-26 8.042 8.061 8.054 8.049 8.036 8.032
99-26+ 8.038 8.058 8.051 8.046 8.032 8.027
99-27 8.035 8.055 8.048 8.042 8.028 8.023
99-27+ 8.031 8.053 8.045 8.039 8.024 8.019 8.015
99-28 8.027 8.050 8.041 8.036 8.020 8.015 8.010
99-28+ 8.024 8.047 8.038 8.032 8.016 8.011 8.006
99-29 8.020 8.044 8.035 8.029 8.012 8.006 8.002
99-29+ 8.016 8.041 8.032 8.025 8.008 8.002 7.997
99-30 8.012 8.038 8.029 8.022 8.004 7.998 7.993
99-30+ 8.009 8.035 8.026 8.019 8.000 7.994 7.989
99-31 8.005 8.033 8.022 8.015 7.996 7.990 7.984
99-31+ 8.001 8.030 8.019 8.012 7.992 7.986 7.980
100-00 7.998 8.027 8.016 8.009 7.988 7.981 7.975
100-00+ 7.994 8.024 8.013 8.005 7.984 7.977 7.971
100-01 7.990 8.021 8.010 8.002 7.980 7.973 7.967
100-01+ 7.987 8.018 8.007 7.998 7.976 7.969 7.962
100-02 7.983 8.016 8.003 7.995 7.972 7.965 7.958
100-02+ 7.979 8.013 8.000 7.992 7.968 7.961 7.954
100-03 7.976 8.010 7.997 7.988 7.964 7.956 7.949
100-03+ 7.972 8.007 7.994 7.985 7.960 7.952 7.945
100-04 7.968 8.004 7.991 7.982 7.956 7.948 7.941
100-04+ 7.964 8.001 7.988 7.978 7.952 7.944 7.936
100-05 7.961 7.999 7.985 7.975 7.948 7.940 7.932
100-05+ 7.957 7.996 7.981 7.971 7.944 7.936 7.928
100-06 7.953 7.993 7.978 7.968 7.940 7.931 7.923
100-06+ 7.950 7.990 7.975 7.965 7.936 7.927 7.919
100-07 7.946 7.987 7.972 7.961 7.932 7.923 7.915
100-07+ 7.942 7.984 7.969 7.958 7.928 7.919 7.910
First Payment 3.078 4.161 3.494 3.078 3.078 3.078 3.078
Average Life 5.472 7.691 6.688 6.128 4.966 4.702 4.466
Last Payment 7.911 9.744 8.911 8.411 7.494 7.328 7.078
Mod.Dur. @ 100-00 4.202 5.467 4.919 4.597 3.891 3.724 3.575
Accrued Interest 0.577 0.577 0.577 0.577 0.577 0.577 0.577
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $281,479,000.00 DATED DATE: 03/27/97
CURRENT COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $281,479,000.00 BOND A9 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 03/27/97
ASSUMED CONSTANT LIBOR-1M 5.4375
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00%
GR II (CPR) 25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 34.00%
PRICE
99-24 29.982 25.669 26.888 28.565 31.662 34.649 36.755
99-24+ 29.232 25.189 26.331 27.903 30.806 33.606 35.581
99-25 28.481 24.709 25.775 27.241 29.950 32.563 34.406
99-25+ 27.731 24.228 25.218 26.580 29.095 31.521 33.232
99-26 26.981 23.748 24.662 25.919 28.240 30.479 32.058
99-26+ 26.231 23.269 24.106 25.258 27.385 29.437 30.885
99-27 25.482 22.789 23.550 24.597 26.530 28.396 29.712
99-27+ 24.733 22.309 22.994 23.936 25.676 27.355 28.539
99-28 23.984 21.830 22.439 23.276 24.822 26.314 27.367
99-28+ 23.235 21.351 21.883 22.616 23.968 25.274 26.195
99-29 22.486 20.872 21.328 21.956 23.115 24.234 25.023
99-29+ 21.738 20.393 20.773 21.296 22.262 23.194 23.852
99-30 20.990 19.914 20.218 20.636 21.409 22.154 22.681
99-30+ 20.242 19.435 19.663 19.977 20.556 21.115 21.510
99-31 19.494 18.957 19.109 19.318 19.704 20.077 20.340
99-31+ 18.747 18.478 18.554 18.659 18.852 19.038 19.170
100-00 18.000 18.000 18.000 18.000 18.000 18.000 18.000
100-00+ 17.253 17.522 17.446 17.341 17.148 16.962 16.831
100-01 16.506 17.044 16.892 16.683 16.297 15.925 15.662
100-01+ 15.760 16.566 16.338 16.025 15.446 14.888 14.493
100-02 15.014 16.088 15.785 15.367 14.595 13.851 13.325
100-02+ 14.268 15.611 15.231 14.709 13.745 12.814 12.157
100-03 13.522 15.134 14.678 14.052 12.895 11.778 10.990
100-03+ 12.777 14.656 14.125 13.394 12.045 10.742 9.822
100-04 12.031 14.179 13.572 12.737 11.195 9.707 8.655
100-04+ 11.286 13.702 13.019 12.080 10.346 8.672 7.489
100-05 10.542 13.225 12.467 11.423 9.497 7.637 6.323
100-05+ 9.797 12.749 11.914 10.767 8.648 6.602 5.157
100-06 9.053 12.272 11.362 10.110 7.799 5.568 3.991
100-06+ 8.309 11.796 10.810 9.454 6.951 4.534 2.826
100-07 7.565 11.320 10.258 8.798 6.103 3.501 1.661
100-07+ 6.821 10.843 9.706 8.143 5.255 2.468 0.497
First Payment 0.078 0.078 0.078 0.078 0.078 0.078 0.078
Average Life 2.331 3.888 3.269 2.682 2.017 1.620 1.416
Last Payment 7.911 11.328 9.911 8.578 7.411 6.828 6.578
Mod.Dur. @ 100-00 2.011 3.143 2.711 2.281 1.764 1.447 1.284
Accrued Interest 0.000 0.000 0.000 0.000 0.000 0.000 0.000
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $26,763,000.00 DATED DATE: 03/27/97
CURRENT COUPON: TBA % amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $26,763,000.00 BOND M1A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 03/27/97
ASSUMED CONSTANT LIBOR-1M 5.4375
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00%
GR II (CPR) 25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 34.00%
PRICE
99-24 40.466 38.828 39.369 40.085 40.649 40.517 40.235
99-24+ 40.123 38.588 39.096 39.767 40.295 40.172 39.907
99-25 39.781 38.349 38.822 39.449 39.942 39.826 39.580
99-25+ 39.439 38.109 38.549 39.131 39.588 39.481 39.252
99-26 39.098 37.870 38.276 38.813 39.235 39.136 38.925
99-26+ 38.756 37.630 38.002 38.495 38.882 38.791 38.597
99-27 38.414 37.391 37.729 38.177 38.528 38.446 38.270
99-27+ 38.072 37.152 37.456 37.859 38.175 38.101 37.943
99-28 37.731 36.912 37.183 37.541 37.822 37.756 37.616
99-28+ 37.389 36.673 36.910 37.223 37.469 37.412 37.288
99-29 37.048 36.434 36.637 36.905 37.116 37.067 36.961
99-29+ 36.706 36.195 36.364 36.587 36.763 36.722 36.634
99-30 36.365 35.956 36.091 36.270 36.411 36.378 36.307
99-30+ 36.024 35.717 35.818 35.952 36.058 36.033 35.980
99-31 35.682 35.478 35.545 35.635 35.705 35.689 35.654
99-31+ 35.341 35.239 35.273 35.317 35.353 35.344 35.327
100-00 35.000 35.000 35.000 35.000 35.000 35.000 35.000
100-00+ 34.659 34.761 34.727 34.683 34.648 34.656 34.673
100-01 34.318 34.522 34.455 34.365 34.295 34.312 34.347
100-01+ 33.977 34.284 34.182 34.048 33.943 33.967 34.020
100-02 33.636 34.045 33.910 33.731 33.590 33.623 33.694
100-02+ 33.295 33.806 33.637 33.414 33.238 33.279 33.367
100-03 32.955 33.568 33.365 33.097 32.886 32.935 33.041
100-03+ 32.614 33.329 33.093 32.780 32.534 32.591 32.714
100-04 32.273 33.091 32.821 32.463 32.182 32.248 32.388
100-04+ 31.933 32.852 32.548 32.146 31.830 31.904 32.062
100-05 31.592 32.614 32.276 31.830 31.478 31.560 31.736
100-05+ 31.252 32.375 32.004 31.513 31.126 31.216 31.410
100-06 30.912 32.137 31.732 31.196 30.775 30.873 31.084
100-06+ 30.572 31.899 31.460 30.880 30.423 30.529 30.758
100-07 30.231 31.661 31.188 30.563 30.071 30.186 30.432
100-07+ 29.891 31.422 30.916 30.247 29.720 29.842 30.106
First Payment 3.494 4.161 3.494 3.161 3.744 4.161 4.411
Average Life 5.339 8.312 7.032 5.841 5.110 5.220 5.546
Last Payment 7.911 11.328 9.911 8.578 7.411 6.828 6.578
Mod.Dur. @ 100-00 4.403 6.290 5.509 4.733 4.261 4.363 4.598
Accrued Interest 0.000 0.000 0.000 0.000 0.000 0.000 0.000
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $24,917,000.00 DATED DATE: 03/27/97
CURRENT COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $24,917,000.00 BOND M2A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 03/27/97
ASSUMED CONSTANT LIBOR-1M 5.4375
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00%
GR II (CPR) 25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 34.00%
PRICE
99-24 50.559 48.844 49.385 50.109 50.891 51.147 51.180
99-24+ 50.211 48.603 49.111 49.790 50.522 50.763 50.794
99-25 49.863 48.363 48.836 49.470 50.154 50.378 50.407
99-25+ 49.515 48.122 48.562 49.150 49.785 49.993 50.020
99-26 49.167 47.882 48.287 48.831 49.417 49.609 49.634
99-26+ 48.820 47.641 48.013 48.511 49.048 49.224 49.247
99-27 48.472 47.401 47.739 48.192 48.680 48.840 48.861
99-27+ 48.125 47.161 47.465 47.872 48.312 48.456 48.474
99-28 47.777 46.920 47.191 47.553 47.943 48.071
99-28+ 47.430 46.680 46.917 47.233 47.575 47.687 47.702
99-29 47.082 46.440 46.643 46.914 47.207 47.303 47.316
99-29+ 46.735 46.200 46.369 46.595 46.839 46.919 46.929
99-30 46.388 45.960 46.095 46.276 46.471 46.535 46.543
99-30+ 46.041 45.720 45.821 45.957 46.103 46.151 46.157
99-31 45.694 45.480 45.547 45.638 45.735 45.767 45.772
99-31+ 45.347 45.240 45.274 45.319 45.368 45.384 45.386
100-00 45.000 45.000 45.000 45.000 45.000 45.000 45.000
100-00+ 44.653 44.760 44.726 44.681 44.632 44.616 44.614
100-01 44.306 44.520 44.453 44.362 44.265 44.233 44.229
100-01+ 43.960 44.281 44.179 44.044 43.897 43.849 43.843
100-02 43.613 44.041 43.906 43.725 43.530 43.466 43.458
100-02+ 43.266 43.801 43.633 43.407 43.163 43.083 43.072
100-03 42.920 43.562 43.359 43.088 42.795 42.699 42.687
100-03+ 42.574 43.322 43.086 42.770 42.428 42.316 42.302
100-04 42.227 43.083 42.813 42.451 42.061 41.933 41.916
100-04+ 41.881 42.843 42.540 42.133 41.694 41.550 41.531
100-05 41.535 42.604 42.266 41.815 41.327 41.167 41.146
100-05+ 41.188 42.365 41.993 41.497 40.960 40.784 40.761
100-06 40.842 42.125 41.720 41.178 40.593 40.401 40.376
100-06+ 40.496 41.886 41.447 40.860 40.227 40.018 39.992
100-07 40.150 41.647 41.174 40.542 39.860 39.636 39.607
100-07+ 39.804 41.408 40.902 40.224 39.493 39.253 39.222
First Payment 3.244 4.161 3.494 3.078 3.411 3.578 3.661
Average Life 5.262 8.312 7.032 5.832 4.897 4.636 4.597
Last Payment 7.911 11.328 9.911 8.578 7.411 6.828 6.578
Mod.Dur. @ 100-00 4.328 6.261 5.487 4.709 4.083 3.913 3.892
Accrued Interest 0.000 0.000 0.000 0.000 0.000 0.000 0.000
</TABLE>
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>
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $35,995,051.60 DATED DATE: 03/27/97
CURRENT COUPON: TBA % amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $35,995,051.60 BOND B1A DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 03/27/97
ASSUMED CONSTANT LIBOR-1M 5.4375
*** ALL TABLES TO CALL ***
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00%
GR II (CPR) 25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 34.00%
PRICE
99-24 80.684 78.895 79.442 80.183 81.123 81.609 81.803
99-24+ 80.328 78.652 79.164 79.858 80.740 81.195 81.377
99-25 79.972 78.408 78.886 79.534 80.357 80.782 80.951
99-25+ 79.617 78.164 78.608 79.210 79.974 80.368 80.526
99-26 79.261 77.920 78.330 78.886 79.591 79.955 80.100
99-26+ 78.906 77.677 78.052 78.561 79.208 79.541 79.675
99-27 78.550 77.433 77.774 78.237 78.825 79.128 79.249
99-27+ 78.195 77.190 77.497 77.913 78.442 78.715 78.824
99-28 77.840 76.946 77.219 77.589 78.059 78.302 78.399
99-28+ 77.484 76.703 76.941 77.266 77.677 77.889 77.974
99-29 77.129 76.459 76.664 76.942 77.294 77.476 77.549
99-29+ 76.774 76.216 76.386 76.618 76.911 77.063
99-30 76.419 75.973 76.109 76.294 76.529 76.650
99-30+ 76.064 75.729 75.832 75.971 76.147
99-31 75.709 75.486 75.554 75.647 75.764
99-31+ 75.355 75.243 75.277 75.323 75.382
100-00 75.000 75.000 75.000 75.000 75.000
100-00+ 74.645 74.757 74.723 74.677 74.618 74.576
100-01 74.291 74.514 74.446 74.353 74.236 74.175 74.151
100-01+ 73.936 74.271 74.169 74.030 73.854 73.763 73.727
100-02 73.582 74.028 73.892 73.707 73.472 73.351 73.302
100-02+ 73.227 73.785 73.615 73.384 73.090 72.939 72.878
100-03 72.873 73.542 73.338 73.061 72.709 72.527 72.454
100-03+ 72.519 73.300 73.061 72.738 72.327 72.115 72.030
100-04 72.165 73.057 72.784 72.415 71.945 71.703 71.606
100-04+ 71.811 72.814 72.508 72.092 71.564 71.291 71.182
100-05 71.457 72.572 72.231 71.769 71.183 70.879 70.759
100-05+ 71.103 72.329 71.955 71.446 70.801 70.468 70.335
100-06 70.749 72.087 71.678 71.123 70.420 70.056 69.911
100-06+ 70.395 71.844 71.402 70.801 70.039 69.645 69.488
100-07 70.041 71.602 71.125 70.478 69.658 69.233 69.064
100-07+ 69.688 71.359 70.849 70.156 69.277 68.822 68.641
First Payment 3.078 4.161 3.494 3.078 3.078 3.078 3.078
Average Life 5.178 8.300 7.011 5.794 4.731 4.311 4.162
Last Payment 7.911 11.328 9.911 8.578 7.411 6.828 6.578
Mod.Dur. @ 100-00 4.227 6.170 5.411 4.636 3.924 3.635 3.532
Accrued Interest 0.000 0.000 0.000 0.000 0.000 0.000 0.000
</TABLE>
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>
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
- -------------
05/97 9.32
06/97 9.37
07/97 9.43
08/97 9.56
09/97 9.72
10/97 9.81
11/97 9.81
12/97 9.86
01/98 9.92
02/98 10.04
03/98 10.20
04/98 10.28
05/98 10.28
06/98 10.30
07/98 10.35
08/98 10.35
09/98 10.36
10/98 10.37
11/98 10.37
12/98 10.47
01/99 10.58
02/99 10.77
03/99 10.88
04/99 10.95
05/99 10.95
06/99 10.95
07/99 11.03
08/99 11.22
09/99 11.22
10/99 11.22
11/99 11.22
12/99 11.22
01/00 11.22
02/00 11.26
03/00 11.32
04/00 11.32 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.
<PAGE>
- --------------------------------------------------------------------------------
- AMRESCO 1997-1
- Cut Off Date of Tape is 3/1/97
- FIXED RATE COLLATERAL
- $220,845,948.40
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 2,687
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $220,845,948.40
Aggregate Original Principal Balance: $222,002,155.00
Weighted Average Gross Coupon: 10.107%
Gross Coupon Range: 6.840% - 16.330%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $82,190.53
Average Original Principal Balance: $82,620.82
Maximum Unpaid Principal Balance: $617,951.41
Minimum Unpaid Principal Balance: $82.00
Maximum Original Principal Balance: $624,000.00
Minimum Original Principal Balance: $10,500.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 325.179
Stated Rem Term Range: 115.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru Date): 5.524
Age Range: 0.000 - 38.000
Weighted Average Original Term: 330.703
Original Term Range: 120.000 - 360.000
Weighted Average Combined LTV: 69.702
Combined LTV Range: 6.667% - 100.000%
- --------------------------------------------------------------------------------
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.
<PAGE>
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
6.50% < Gross Coupon < = 7.00% 2 108,267.15 0.05
7.00% < Gross Coupon < = 7.50% 4 645,624.86 0.29
7.50% < Gross Coupon < = 7.75% 30 4,459,517.67 2.02
7.75% < Gross Coupon < = 8.00% 62 9,031,052.76 4.09
8.00% < Gross Coupon < = 8.25% 86 13,353,943.87 6.05
8.25% < Gross Coupon < = 8.50% 106 13,063,888.35 5.92
8.50% < Gross Coupon < = 8.75% 108 10,906,997.05 4.94
8.75% < Gross Coupon < = 9.00% 150 14,625,290.61 6.62
9.00% < Gross Coupon < = 9.25% 104 9,708,899.70 4.40
9.25% < Gross Coupon < = 9.50% 138 14,821,714.07 6.71
9.50% < Gross Coupon < = 9.75% 141 11,682,014.90 5.29
9.75% < Gross Coupon < = 10.00% 221 19,523,391.03 8.84
10.00% < Gross Coupon < = 10.25% 96 8,279,252.23 3.75
10.25% < Gross Coupon < = 10.50% 166 12,385,566.47 5.61
10.50% < Gross Coupon < = 10.75% 170 13,192,470.63 5.97
10.75% < Gross Coupon < = 11.00% 172 13,217,413.86 5.98
11.00% < Gross Coupon < = 11.25% 81 5,563,569.43 2.52
11.25% < Gross Coupon < = 11.50% 94 5,108,980.44 2.31
11.50% < Gross Coupon < = 11.75% 132 9,209,714.50 4.17
11.75% < Gross Coupon < = 12.00% 103 6,284,239.46 2.85
12.00% < Gross Coupon < = 12.25% 68 3,783,250.64 1.71
12.25% < Gross Coupon < = 12.50% 66 3,392,016.19 1.54
12.50% < Gross Coupon < = 12.75% 82 3,894,042.32 1.76
12.75% < Gross Coupon < = 13.00% 57 3,018,402.99 1.37
13.00% < Gross Coupon < = 13.25% 40 2,057,396.81 0.93
13.25% < Gross Coupon < = 13.50% 47 2,348,709.91 1.06
13.50% < Gross Coupon < = 13.75% 37 1,738,376.00 0.79
13.75% < Gross Coupon < = 14.00% 39 1,785,599.75 0.81
14.00% < Gross Coupon < = 14.25% 24 1,051,520.44 0.48
14.25% < Gross Coupon < = 14.50% 17 796,089.04 0.36
14.50% < Gross Coupon < = 14.75% 16 862,861.23 0.39
14.75% < Gross Coupon < = 15.00% 8 267,027.86 0.12
15.00% < Gross Coupon < = 15.25% 9 274,905.57 0.12
15.25% < Gross Coupon < = 15.50% 6 230,656.61 0.10
15.75% < Gross Coupon < = 16.00% 3 131,057.14 0.06
16.00% < Gross Coupon < = 16.25% 1 25,347.24 0.01
16.25% < Gross Coupon < = 16.50% 1 16,879.62 0.01
- --------------------------------------------------------------------------------
Total.......... 2687 $220,845,948.40 100.00%
================================================================================
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
108 < Orig. Term < = 120 1 79,597.35 0.04%
168 < Orig. Term < = 180 584 35,209,577.12 15.94%
228 < Orig. Term < = 240 17 944,943.33 0.43%
348 < Orig. Term < = 360 2,085 184,611,830.60 83.59%
- -------------------------------------------------------------------
Total............ 2,687 220,845,948.40 100.00%
===================================================================
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.
<PAGE>
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 1 79,597.35 0.04%
132 < Rem Term < = 144 4 224,985.48 0.10%
144 < Rem Term < = 156 11 495,488.88 0.22%
156 < Rem Term < = 168 32 1,907,413.62 0.86%
168 < Rem Term < = 180 537 32,581,689.14 14.75%
228 < Rem Term < = 240 17 944,943.33 0.43%
312 < Rem Term < = 324 31 2,737,567.52 1.24%
324 < Rem Term < = 336 47 4,572,142.18 2.07%
336 < Rem Term < = 348 217 31,150,661.07 14.11%
348 < Rem Term < = 360 1,790 146,151,459.83 66.18%
- -------------------------------------------------------------------
Total............ 2,687 220,845,948.40 100.00%
===================================================================
AGE OF LOAN
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Age Loans Balance Balance
Age = 0 176 13,316,005.00 6.03%
0 < Age < = 12 2,193 169,125,270.03 76.58%
12 < Age < = 24 227 30,460,149.35 13.79%
24 < Age < = 36 67 5,832,342.76 2.64%
36 < Age < = 48 24 2,112,181.26 0.96%
- -------------------------------------------------------------------
Total............ 2,687 220,845,948.40 100.00%
===================================================================
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 5 286,730.08 0.13
10.000 < CLTV < = 15.000 7 310,152.51 0.14
15.000 < CLTV < = 20.000 13 561,811.18 0.25
20.000 < CLTV < = 25.000 26 1,114,485.24 0.50
25.000 < CLTV < = 30.000 31 1,469,700.66 0.67
30.000 < CLTV < = 35.000 45 2,453,527.74 1.11
35.000 < CLTV < = 40.000 51 2,825,257.90 1.28
40.000 < CLTV < = 45.000 61 3,446,495.86 1.56
45.000 < CLTV < = 50.000 130 7,792,319.14 3.53
50.000 < CLTV < = 55.000 136 9,454,799.24 4.28
55.000 < CLTV < = 60.000 247 15,183,046.87 6.87
60.000 < CLTV < = 65.000 323 23,021,923.38 10.42
65.000 < CLTV < = 70.000 448 34,798,191.94 15.76
70.000 < CLTV < = 75.000 450 38,076,829.81 17.24
75.000 < CLTV < = 80.000 531 58,889,294.50 26.67
80.000 < CLTV < = 85.000 111 12,655,454.79 5.73
85.000 < CLTV < = 90.000 69 8,310,305.16 3.76
90.000 < CLTV < = 95.000 1 154,661.52 0.07
95.000 < CLTV < = 100.000 2 40,960.88 0.02
- ------------------------------------------------------------------------
Total.................... 2,687 $220,845,948.40 100.00%
========================================================================
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.
<PAGE>
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 1 082.00 0.00
10,000 < Balance < = 15,000 16 205,313.95 0.09
15,000 < Balance < = 20,000 82 1,526,044.25 0.69
20,000 < Balance < = 25,000 124 2,857,132.38 1.29
25,000 < Balance < = 30,000 140 3,877,166.36 1.76
30,000 < Balance < = 35,000 173 5,714,079.69 2.59
35,000 < Balance < = 40,000 150 5,675,425.52 2.57
40,000 < Balance < = 45,000 134 5,740,172.84 2.60
45,000 < Balance < = 50,000 157 7,509,532.92 3.40
50,000 < Balance < = 55,000 131 6,900,715.02 3.12
55,000 < Balance < = 60,000 148 8,571,360.78 3.88
60,000 < Balance < = 65,000 117 7,371,827.25 3.34
65,000 < Balance < = 70,000 110 7,476,668.05 3.39
70,000 < Balance < = 75,000 95 6,946,486.91 3.15
75,000 < Balance < = 80,000 91 7,108,909.94 3.22
80,000 < Balance < = 85,000 89 7,338,989.19 3.32
85,000 < Balance < = 90,000 77 6,781,820.66 3.07
90,000 < Balance < = 95,000 72 6,671,885.03 3.02
95,000 < Balance < = 100,000 94 9,202,934.49 4.17
100,000 < Balance < = 105,000 65 6,686,023.05 3.03
105,000 < Balance < = 110,000 40 4,302,502.67 1.95
110,000 < Balance < = 115,000 60 6,746,124.95 3.05
115,000 < Balance < = 120,000 47 5,547,841.05 2.51
120,000 < Balance < = 125,000 45 5,527,678.20 2.50
125,000 < Balance < = 130,000 48 6,140,659.81 2.78
130,000 < Balance < = 135,000 32 4,258,616.46 1.93
135,000 < Balance < = 140,000 29 3,995,806.73 1.81
140,000 < Balance < = 145,000 32 4,575,359.19 2.07
145,000 < Balance < = 150,000 18 2,677,245.00 1.21
150,000 < Balance < = 200,000 111 19,048,461.15 8.63
200,000 < Balance < = 250,000 81 17,841,074.64 8.08
250,000 < Balance < = 300,000 35 9,548,511.25 4.32
300,000 < Balance < = 350,000 19 6,127,708.04 2.77
350,000 < Balance < = 400,000 13 4,940,439.76 2.24
400,000 < Balance < = 450,000 4 1,682,386.02 0.76
450,000 < Balance < = 500,000 4 1,924,987.47 0.87
550,000 < Balance < = 600,000 1 563,000.00 0.25
600,000 < Balance < = 650,000 2 1,234,975.73 0.56
- ---------------------------------------------------------------------
Total.................... 2687 $220,845,948.40 100.00%
=====================================================================
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.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AR 9 264,844.59 0.12
AZ 107 7,334,376.30 3.32
CA 814 94,361,508.16 42.73
CO 93 7,274,330.54 3.29
CT 13 1,109,257.25 0.50
DC 9 687,359.75 0.31
DE 7 275,188.42 0.12
FL 204 11,980,915.69 5.43
GA 73 5,020,666.07 2.27
HI 40 7,847,044.42 3.55
IA 5 161,801.17 0.07
ID 17 1,093,140.01 0.49
IL 169 12,179,969.85 5.52
IN 129 5,444,719.45 2.47
KS 10 598,730.57 0.27
KY 26 1,103,709.43 0.50
LA 15 1,078,770.97 0.49
MA 21 1,493,148.15 0.68
MD 29 1,957,710.14 0.89
ME 2 98,721.46 0.04
MI 97 5,531,124.08 2.50
MN 25 1,813,858.76 0.82
MO 47 2,183,054.87 0.99
MS 9 358,087.50 0.16
MT 5 367,751.62 0.17
NC 60 3,105,999.74 1.41
NE 5 296,845.62 0.13
NH 3 261,393.93 0.12
NJ 17 1,482,981.67 0.67
NM 13 939,386.25 0.43
NV 34 3,112,029.96 1.41
NY 63 5,865,535.06 2.66
OH 79 4,578,501.03 2.07
OK 8 270,381.90 0.12
OR 91 7,248,141.88 3.28
PA 39 2,222,006.31 1.01
RI 7 533,830.53 0.24
SC 33 1,458,071.50 0.66
SD 1 34,089.75 0.02
TN 8 387,658.19 0.18
TX 89 5,532,796.43 2.51
UT 63 5,185,345.71 2.35
VA 24 1,625,866.26 0.74
WA 60 4,528,446.36 2.05
WI 10 312,086.48 0.14
WV 3 107,513.87 0.05
WY 2 137,250.75 0.06
- --------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
====================================================================
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.
<PAGE>
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 2367 195,492,327.50 88.52
Manufactured Housing 16 773,523.03 0.35
PUD 21 2,727,159.58 1.23
Townhouses 8 341,530.48 0.15
Condominiums 60 4,509,945.26 2.04
2-4 Family 192 15,238,246.71 6.90
Mobile Home 2 108,976.60 0.05
Other 21 1,654,239.24 0.75
- ------------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2353 201,564,407.42 91.27
Non Owner Occ. 334 19,281,540.98 8.73
- ------------------------------------------------------------------------
Total.................. 2687 $220,845,948.40 100.00%
========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 2642 219,040,620.08 99.18
2 45 1,805,328.32 0.82
- ------------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
========================================================================
LOAN SUMMARY STRATIFIED BY
Amortization
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 2549 208,950,791.11 94.61
Partially Amortizing 138 11,895,157.29 5.39
- ------------------------------------------------------------------------
Total.................. 2687 $220,845,948.40 100.00%
========================================================================
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.
<PAGE>
PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
NO 1128 91,722,654.74 41.53
YES 1559 129,123,293.66 58.47
- -----------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
=======================================================================
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
ACCREDITED 2 97,192.47 0.04
ADMIRAL 14 1,290,934.68 0.58
AMRESCO 406 26,075,624.76 11.81
BNC 392 26,785,278.49 12.13
FIRST COLONY 36 3,532,445.93 1.60
INVESTAID 46 3,383,844.04 1.53
LONG BEACH 82 9,968,073.82 4.51
NATIONAL 44 3,487,761.22 1.58
NEW CENTURY 493 42,811,201.40 19.39
OPTION ONE 222 16,013,401.78 7.25
PROVIDIAN 397 45,938,371.46 20.80
QUALITY 444 32,275,750.85 14.61
UNITED LENDI 4 537,498.36 0.24
WAYERHAEUSER 105 8,648,569.14 3.92
- ------------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
========================================================================
PAG CODES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 602 63,076,652.79 28.56
2 903 81,271,214.04 36.80
3 546 40,225,434.65 18.21
4 228 13,484,292.42 6.11
5 402 22,300,759.74 10.10
Missing 6 487,594.76 0.22
- -------------------------------------------------------------------
Total.......... 2687 $220,845,948.40 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
5/6 148 13,194,249.92 5.97
FIXED 2539 207,651,698.48 94.03
- ------------------------------------------------------------------------
Total.................. 2687 $220,845,948.40 100.00%
========================================================================
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.
<PAGE>
FOLLOWING STRATIFICATIONS PERTAIN SOLELY TO THE 5/25 ADJUSTIBLE RATE LOANS WHICH
ARE INCLUDED IN THR GROUP ONE COLLATERAL.
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
10/01/01 3 $207,826.06 01.58
11/01/01 14 $1,343,941.43 10.19
12/01/01 40 $4,081,749.12 30.94
01/01/02 49 $4,554,404.22 34.52
02/01/02 35 $1,989,629.09 15.08
03/01/02 7 $1,016,700.00 07.71
- ----------------------------------------------------------------
Total........ 148 $13,194,249.92 100.00%
================================================================
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
4.5 < Margin < = 5.0 1 45,978.08 0.35
5.0 < Margin < = 5.5 12 1,329,031.55 10.07
5.5 < Margin < = 6.0 28 2,661,626.37 20.17
6.0 < Margin < = 6.5 34 3,293,212.23 24.96
6.5 < Margin < = 7.0 23 1,771,027.62 13.42
7.0 < Margin < = 7.5 21 1,267,596.55 9.61
7.5 < Margin < = 8.0 17 1,728,997.07 13.10
8.0 < Margin < = 8.5 10 761,919.46 5.77
8.5 < Margin < = 9.0 2 334,860.99 2.54
- ------------------------------------------------------------------------
Total................. 148 $ 13,194,249.92 100.00%
========================================================================
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.
<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 2 108,267.15 0.82
13.500 < LIFE CAP < = 14.000 2 184,586.66 1.40
14.000 < LIFE CAP < = 14.500 3 290,985.09 2.21
14.500 < LIFE CAP < = 15.000 5 610,136.39 4.62
15.000 < LIFE CAP < = 15.500 8 775,970.32 5.88
15.500 < LIFE CAP < = 16.000 23 2,255,879.53 17.10
16.000 < LIFE CAP < = 16.500 9 1,419,542.09 10.76
16.500 < LIFE CAP < = 17.000 21 2,322,408.12 17.60
17.000 < LIFE CAP < = 17.500 16 1,595,235.69 12.09
17.500 < LIFE CAP < = 18.000 10 810,650.35 6.14
18.000 < LIFE CAP < = 18.500 8 442,659.27 3.35
18.500 < LIFE CAP < = 19.000 11 892,080.85 6.76
19.000 < LIFE CAP < = 19.500 6 247,059.31 1.87
19.500 < LIFE CAP < = 20.000 6 436,663.54 3.31
20.000 < LIFE CAP < = 20.500 5 285,281.43 2.16
20.500 < LIFE CAP < = 21.000 8 285,846.32 2.17
21.000 < LIFE CAP < = 21.500 2 102,222.87 0.77
21.500 < LIFE CAP < = 22.000 2 88,186.71 0.67
22.000 < LIFE CAP < = 22.500 1 40,588.23 0.31
- ----------------------------------------------------------------------------
Total................. 148 $ 13,194,249.92 100.00%
============================================================================
LON SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
6.500 < Life Floor < = 7.000 2 108,267.15 0.82
7.000 < Life Floor < = 7.500 2 184,586.66 1.40
7.500 < Life Floor < = 8.000 3 290,985.09 2.21
8.000 < Life Floor < = 8.500 7 906,563.27 6.87
8.500 < Life Floor < = 9.000 17 1,734,568.47 13.15
9.000 < Life Floor < = 9.500 18 2,161,919.46 16.39
9.500 < Life Floor < = 10.000 21 2,378,178.40 18.02
10.000 < Life Floor < = 10.500 15 1,613,733.19 12.23
10.500 < Life Floor < = 11.000 13 946,158.48 7.17
11.000 < Life Floor < = 11.500 7 287,098.21 2.18
11.500 < Life Floor < = 12.000 11 991,166.30 7.51
12.000 < Life Floor < = 12.500 7 311,667.28 2.36
12.500 < Life Floor < = 13.000 7 477,232.40 3.62
13.000 < Life Floor < = 13.500 5 285,281.43 2.16
13.500 < Life Floor < = 14.000 8 285,846.32 2.17
14.000 < Life Floor < = 14.500 2 102,222.87 0.77
14.500 < Life Floor < = 15.000 2 88,186.71 0.67
15.000 < Life Floor < = 15.500 1 40,588.23 0.31
- ------------------------------------------------------------------------
Total................. 148 $13,194,249.92 100.00%
========================================================================
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.
<PAGE>
- --------------------------------------------------------------------------------
- AMRESCO 1997-1
- Cut Off Date of Tape is 3/1/97
- ARM COLLATERAL
- $306,064,443.90
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 2,879
Index: 6 Month LIBOR
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $306,064,443.90
Aggregate Original Principal Balance: $306,406,636.00
Weighted Average Coupon (Gross): 9.809%
Gross Coupon Range: 4.510% - 15.875%
Weighted Average Margin (Gross): 6.103%
Gross Margin Range: 2.875% - 9.760%
Weighted Average Life Cap (Gross): 16.205%
Gross Life Cap Range: 11.510% - 22.875%
Weighted Average Life Floor (Gross): 9.783%
Gross Life Floor Range: 4.625% - 15.875%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $106,309.29
Average Original Principal Balance: $106,428.15
Maximum Unpaid Principal Balance: $1,000,000.00
Minimum Unpaid Principal Balance: $15,196.16
Maximum Original Principal Balance: $1,000,000.00
Minimum Original Principal Balance: $15,200.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 356.512
Stated Rem Term Range: 173.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru): 1.963
Age Range: 0.000 - 31.000
Weighted Average Original Term: 358.475
Original Term Range: 180.000 - 360.000
Weighted Average Combined LTV: 72.954
Combined LTV Range: 4.491% - 100.000%
Weighted Average Periodic Interest Cap: 1.116%
Periodic Interest Cap Range: 1.000% - 3.500%
Weighted Average Months to Interest Roll: 16.483
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.
<PAGE>
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
0.00% < Gross Coupon < = 5.00% 3 368,630.84 0.12
5.50% < Gross Coupon < = 6.00% 7 966,279.88 0.32
6.00% < Gross Coupon < = 6.50% 15 1,721,374.56 0.56
6.50% < Gross Coupon < = 7.00% 27 4,984,473.92 1.63
7.00% < Gross Coupon < = 7.50% 44 6,481,552.14 2.12
7.50% < Gross Coupon < = 7.75% 43 5,972,238.48 1.95
7.75% < Gross Coupon < = 8.00% 66 9,396,922.85 3.07
8.00% < Gross Coupon < = 8.25% 77 11,105,491.89 3.63
8.25% < Gross Coupon < = 8.50% 103 12,990,736.62 4.24
8.50% < Gross Coupon < = 8.75% 151 19,060,558.72 6.23
8.75% < Gross Coupon < = 9.00% 179 23,181,376.60 7.57
9.00% < Gross Coupon < = 9.25% 163 18,129,714.21 5.92
9.25% < Gross Coupon < = 9.50% 205 24,870,468.19 8.13
9.50% < Gross Coupon < = 9.75% 206 25,275,534.57 8.26
9.75% < Gross Coupon < = 10.00% 215 22,959,028.02 7.50
10.00% < Gross Coupon < = 10.25% 154 14,160,582.68 4.63
10.25% < Gross Coupon < = 10.50% 159 17,344,678.78 5.67
10.50% < Gross Coupon < = 10.75% 177 16,603,976.87 5.42
10.75% < Gross Coupon < = 11.00% 202 19,651,519.85 6.42
11.00% < Gross Coupon < = 11.25% 96 7,856,869.04 2.57
11.25% < Gross Coupon < = 11.50% 113 9,648,777.89 3.15
11.50% < Gross Coupon < = 11.75% 86 6,739,333.44 2.20
11.75% < Gross Coupon < = 12.00% 93 6,198,579.37 2.03
12.00% < Gross Coupon < = 12.25% 49 3,827,954.33 1.25
12.25% < Gross Coupon < = 12.50% 41 3,146,217.92 1.03
12.50% < Gross Coupon < = 12.75% 39 2,345,164.05 0.77
12.75% < Gross Coupon < = 13.00% 35 3,116,412.33 1.02
13.00% < Gross Coupon < = 13.25% 24 1,376,646.23 0.45
13.25% < Gross Coupon < = 13.50% 22 1,355,010.68 0.44
13.50% < Gross Coupon < = 13.75% 19 1,046,961.72 0.34
13.75% < Gross Coupon < = 14.00% 13 726,397.41 0.24
14.00% < Gross Coupon < = 14.25% 22 1,416,014.16 0.46
14.25% < Gross Coupon < = 14.50% 12 802,811.28 0.26
14.50% < Gross Coupon < = 14.75% 5 223,135.86 0.07
14.75% < Gross Coupon < = 15.00% 10 720,627.87 0.24
15.00% < Gross Coupon < = 15.25% 1 53,200.00 0.02
15.50% < Gross Coupon < = 15.75% 2 176,198.06 0.06
15.75% < Gross Coupon < = 16.00% 1 62,992.59 0.02
- -----------------------------------------------------------------------------
Total.......... 2879 $306,064,443.90 100.00%
=============================================================================
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
168 < Orig. Term < = 180 46 2,592,240.25 0.85%
348 < Orig. Term < = 360 2,833 303,472,203.65 99.15%
- ----------------------------------------------------------------------
Total............ 2,879 306,064,443.90 100.00%
======================================================================
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.
<PAGE>
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
168 < Rem Term < = 180 46 2,592,240.25 0.85%
324 < Rem Term < = 336 1 425,880.78 0.14%
336 < Rem Term < = 348 2 176,725.61 0.06%
348 < Rem Term < = 360 2,830 302,869,597.26 98.96%
- ----------------------------------------------------------------------
Total............ 2,879 306,064,443.90 100.00%
======================================================================
AGE OF LOAN
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Age Loans Balance Balance
Age = 0 328 31,184,558.09 10.19%
0 < Age < = 12 2,549 274,355,646.58 89.64%
12 < Age < = 24 1 98,358.45 0.03%
24 < Age < = 36 1 425,880.78 0.14%
- ----------------------------------------------------------------------
Total............ 2,879 306,064,443.90 100.00%
======================================================================
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
0.000 < CLTV < = 5.000 1 74,733.61 0.02
5.000 < CLTV < = 10.000 1 19,985.03 0.01
15.000 < CLTV < = 20.000 4 248,692.91 0.08
20.000 < CLTV < = 25.000 6 231,845.59 0.08
25.000 < CLTV < = 30.000 13 665,590.38 0.22
30.000 < CLTV < = 35.000 18 1,460,727.72 0.48
35.000 < CLTV < = 40.000 24 1,433,790.83 0.47
40.000 < CLTV < = 45.000 46 3,278,325.54 1.07
45.000 < CLTV < = 50.000 84 8,052,640.00 2.63
50.000 < CLTV < = 55.000 86 5,841,817.20 1.91
55.000 < CLTV < = 60.000 205 18,859,645.63 6.16
60.000 < CLTV < = 65.000 336 31,585,334.56 10.32
65.000 < CLTV < = 70.000 522 48,013,137.77 15.69
70.000 < CLTV < = 75.000 597 66,255,829.66 21.65
75.000 < CLTV < = 80.000 602 74,199,320.11 24.24
80.000 < CLTV < = 85.000 115 15,423,682.28 5.04
85.000 < CLTV < = 90.000 216 30,093,753.54 9.83
90.000 < CLTV < = 95.000 1 138,110.37 0.05
95.000 < CLTV < = 100.000 2 187,481.17 0.06
- -----------------------------------------------------------------------------
Total.................... 2,879 $306,064,443.90 100.00%
=============================================================================
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.
<PAGE>
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
2.5 < Margin < = 3.0 2 832,784.73 0.27
3.0 < Margin < = 3.5 1 34,435.86 0.01
3.5 < Margin < = 4.0 4 1,114,854.96 0.36
4.0 < Margin < = 4.5 61 7,249,857.93 2.37
4.5 < Margin < = 5.0 262 32,444,273.78 10.60
5.0 < Margin < = 5.5 555 62,875,522.70 20.54
5.5 < Margin < = 6.0 481 54,403,649.58 17.78
6.0 < Margin < = 6.5 509 53,436,184.54 17.46
6.5 < Margin < = 7.0 441 43,588,693.37 14.24
7.0 < Margin < = 7.5 298 28,034,039.59 9.16
7.5 < Margin < = 8.0 186 15,707,964.33 5.13
8.0 < Margin < = 8.5 46 3,655,777.45 1.19
8.5 < Margin < = 9.0 23 2,044,398.38 0.67
9.0 < Margin < = 9.5 9 584,682.37 0.19
9.5 < Margin < = 10.0 1 57,324.33 0.02
- ------------------------------------------------------------------------
Total................. 2,879 $306,064,443.90 100.00%
========================================================================
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
11.500 < LIFE CAP < = 12.000 3 368,630.84 0.12
12.000 < LIFE CAP < = 12.500 5 381,615.32 0.12
12.500 < LIFE CAP < = 13.000 19 3,140,358.98 1.03
13.000 < LIFE CAP < = 13.500 37 4,825,508.09 1.58
13.500 < LIFE CAP < = 14.000 62 9,332,147.24 3.05
14.000 < LIFE CAP < = 14.500 137 17,700,734.30 5.78
14.500 < LIFE CAP < = 15.000 249 34,592,985.43 11.30
15.000 < LIFE CAP < = 15.500 296 39,466,006.81 12.89
15.500 < LIFE CAP < = 16.000 399 45,051,321.68 14.72
16.000 < LIFE CAP < = 16.500 344 36,613,839.76 11.96
16.500 < LIFE CAP < = 17.000 388 40,503,795.59 13.23
17.000 < LIFE CAP < = 17.500 240 21,614,832.35 7.06
17.500 < LIFE CAP < = 18.000 254 20,467,111.27 6.69
18.000 < LIFE CAP < = 18.500 127 9,367,949.07 3.06
18.500 < LIFE CAP < = 19.000 101 8,453,530.12 2.76
19.000 < LIFE CAP < = 19.500 63 4,465,494.86 1.46
19.500 < LIFE CAP < = 20.000 58 3,385,453.26 1.11
20.000 < LIFE CAP < = 20.500 36 2,430,133.30 0.79
20.500 < LIFE CAP < = 21.000 23 1,489,794.91 0.49
21.000 < LIFE CAP < = 21.500 23 1,341,146.82 0.44
21.500 < LIFE CAP < = 22.000 12 847,111.31 0.28
22.000 < LIFE CAP < = 22.500 1 53,200.00 0.02
22.500 < LIFE CAP < = 23.000 2 171,742.59 0.06
- -----------------------------------------------------------------------------
Total................. 2879 $306,064,443.90 100.00%
=============================================================================
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.
<PAGE>
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
04/01/97 19 $3,304,267.98 01.08
05/01/97 94 $13,185,009.14 04.31
06/01/97 163 $20,730,215.16 06.77
07/01/97 322 $40,525,658.75 13.24
08/01/97 369 $41,309,177.42 13.50
09/01/97 133 $13,310,684.76 04.35
07/01/98 2 $353,824.15 00.12
08/01/98 3 $129,998.61 00.04
09/01/98 8 $388,838.82 00.13
10/01/98 27 $3,239,160.16 01.06
11/01/98 123 $12,705,816.86 04.15
12/01/98 181 $19,882,239.73 06.50
01/01/99 392 $39,004,565.80 12.74
02/01/99 264 $26,654,997.62 08.71
03/01/99 185 $17,026,167.09 05.56
04/01/99 1 $27,884.29 00.01
06/01/99 1 $33,944.20 00.01
09/01/99 1 $141,845.79 00.05
10/01/99 2 $152,201.31 00.05
11/01/99 3 $499,044.78 00.16
12/01/99 14 $1,403,113.90 00.46
01/01/00 207 $20,215,131.66 06.60
02/01/00 339 $29,800,859.92 09.74
03/01/00 26 $2,039,796.00 00.67
- ----------------------------------------------------------------
Total........ 2879 $306,064,443.90 100.00%
================================================================
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.
<PAGE>
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
15,000 < Balance < = 20,000 33 607,105.35 0.20
20,000 < Balance < = 25,000 60 1,384,511.56 0.45
25,000 < Balance < = 30,000 76 2,121,594.76 0.69
30,000 < Balance < = 35,000 105 3,452,143.08 1.13
35,000 < Balance < = 40,000 103 3,906,664.87 1.28
40,000 < Balance < = 45,000 115 4,907,052.92 1.60
45,000 < Balance < = 50,000 115 5,544,348.09 1.81
50,000 < Balance < = 55,000 133 6,975,945.72 2.28
55,000 < Balance < = 60,000 147 8,488,697.15 2.77
60,000 < Balance < = 65,000 134 8,430,660.17 2.75
65,000 < Balance < = 70,000 131 8,865,808.15 2.90
70,000 < Balance < = 75,000 108 7,883,982.85 2.58
75,000 < Balance < = 80,000 95 7,408,699.65 2.42
80,000 < Balance < = 85,000 112 9,271,546.52 3.03
85,000 < Balance < = 90,000 120 10,545,447.33 3.45
90,000 < Balance < = 95,000 83 7,705,976.37 2.52
95,000 < Balance < = 100,000 97 9,463,038.96 3.09
100,000 < Balance < = 105,000 84 8,624,812.69 2.82
105,000 < Balance < = 110,000 74 7,997,694.85 2.61
110,000 < Balance < = 115,000 61 6,868,315.66 2.24
115,000 < Balance < = 120,000 62 7,286,867.81 2.38
120,000 < Balance < = 125,000 42 5,163,094.76 1.69
125,000 < Balance < = 130,000 57 7,279,884.09 2.38
130,000 < Balance < = 135,000 58 7,706,695.92 2.52
135,000 < Balance < = 140,000 47 6,471,564.14 2.11
140,000 < Balance < = 145,000 39 5,574,559.61 1.82
145,000 < Balance < = 150,000 35 5,164,301.90 1.69
150,000 < Balance < = 200,000 273 47,471,055.59 15.51
200,000 < Balance < = 250,000 128 28,569,795.69 9.33
250,000 < Balance < = 300,000 69 18,674,629.74 6.10
300,000 < Balance < = 350,000 28 9,137,244.43 2.99
350,000 < Balance < = 400,000 17 6,312,943.77 2.06
400,000 < Balance < = 450,000 9 3,856,664.21 1.26
450,000 < Balance < = 500,000 13 6,288,398.97 2.05
500,000 < Balance < = 550,000 5 2,609,607.45 0.85
550,000 < Balance < = 600,000 1 590,922.67 0.19
600,000 < Balance < = 650,000 2 1,272,659.34 0.42
650,000 < Balance < = 700,000 2 1,398,615.58 0.46
700,000 < Balance < = 750,000 3 2,179,764.89 0.71
750,000 < Balance 3 2,601,126.64 0.85
- ----------------------------------------------------------------------------
Total.................... 2879 $306,064,443.90 100.00%
============================================================================
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.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AR 7 643,307.26 0.21
AZ 79 9,842,754.96 3.22
CA 547 82,449,487.84 26.94
CO 128 12,290,354.51 4.02
CT 57 7,452,707.85 2.44
DC 15 1,245,374.95 0.41
DE 6 710,215.90 0.23
FL 156 12,859,097.95 4.20
GA 67 7,535,036.35 2.46
HI 52 11,116,138.02 3.63
IA 10 638,168.08 0.21
ID 22 1,681,027.53 0.55
IL 268 27,729,411.45 9.06
IN 61 3,359,080.44 1.10
KS 10 576,623.03 0.19
KY 26 1,407,634.60 0.46
LA 5 287,288.89 0.09
MA 98 11,467,545.10 3.75
MD 60 6,573,656.95 2.15
ME 10 621,833.34 0.20
MI 88 8,644,251.28 2.82
MN 46 3,954,446.44 1.29
MO 72 3,418,451.66 1.12
MT 5 352,895.55 0.12
NC 67 4,640,066.39 1.52
ND 1 57,400.00 0.02
NE 3 143,066.25 0.05
NH 27 2,508,497.07 0.82
NJ 48 6,308,051.38 2.06
NM 31 2,828,619.02 0.92
NV 56 6,933,835.40 2.27
NY 41 4,591,115.05 1.50
OH 103 6,511,427.43 2.13
OK 2 53,466.06 0.02
OR 92 9,192,143.01 3.00
PA 44 3,853,177.77 1.26
RI 35 3,237,583.97 1.06
SC 26 1,650,210.30 0.54
SD 1 44,587.29 0.01
TN 7 453,727.07 0.15
TX 90 6,405,052.99 2.09
UT 83 8,863,442.94 2.90
VA 53 5,468,439.71 1.79
VT 3 313,982.62 0.10
WA 88 9,096,644.42 2.97
WI 78 5,694,494.31 1.86
WV 3 225,839.38 0.07
WY 2 132,784.14 0.04
- ------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
========================================================================
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.
<PAGE>
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 2442 259,658,040.66 84.84
2-4 Family 185 18,625,681.11 6.09
Manufactured Housing 9 542,920.77 0.18
PUD 108 15,330,430.75 5.01
Townhouses 7 441,165.78 0.14
Condominiums 123 11,049,343.74 3.61
Mobile Home 1 68,217.53 0.02
Other 4 348,643.56 0.11
- ------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2548 278,990,616.64 91.15
Non Owner Occ. 331 27,073,827.26 8.85
- ------------------------------------------------------------------------
Total.................. 2879 $306,064,443.90 100.00%
========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 2874 305,862,379.85 99.93
Other (to be removed) 5 202,064.05 0.07
- ------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
========================================================================
LOAN SUMMARY STRATIFIED BY
Amortization
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 2878 305,767,153.88 99.90
Partially Amortizing 1 297,290.02 0.10
- ------------------------------------------------------------------------
Total.................. 2879 $306,064,443.90 100.00%
========================================================================
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.
<PAGE>
PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
NO 1322 135,469,281.02 44.26
YES 1557 170,595,162.88 55.74
- ------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
========================================================================
LOAN ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
ACCREDITED 22 1,839,594.36 0.60
ADMIRAL 31 3,538,033.83 1.16
AMRESCO 499 44,807,392.05 14.64
BNC 263 25,002,882.54 8.17
FIRST COLONY 26 3,280,460.62 1.07
INVESTAID 7 754,293.93 0.25
LONG BEACH 132 22,156,600.53 7.24
NATIONAL MORT. 46 4,855,163.36 1.59
NEW CENTURY 112 19,317,565.24 6.31
OPTION ONE 1107 113,544,954.69 37.10
QUALITY 235 20,822,189.30 6.80
UNITED LENDING 3 905,419.98 0.30
WAYERHAEUSER 396 45,239,893.47 14.78
- ------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
========================================================================
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Type of Loan Loans Balance Balance
1 155 20,469,293.55 6.69
2 1135 142,513,867.47 46.56
3 766 77,397,237.13 25.29
4 227 19,406,578.61 6.34
5 574 43,640,547.62 14.26
Missing 22 2,636,919.52 0.86
- -------------------------------------------------------------------
Total.......... 2879 $306,064,443.90 100.00%
===================================================================
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
6 M LIBOR 1099 131,939,132.43 43.11
2/6 M LIBOR 1185 119,385,608.84 39.01
3/6 M LIBOR 595 54,739,702.63 17.89
- ------------------------------------------------------------------------
Total.................. 2879 $306,064,443.90 100.00%
========================================================================
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.
<PAGE>
Exhibit 99.2
AMRESCO 1997-1 Credit Suisse First Boston Computational Materials
AMRESCO 1997-1
---------------------------------------------
$[ 38,800,000] Class A-1 Fixed Rate Certificates
$[ 35,200,000] Class A-2 Fixed Rate Certificates
$[ 44,700,000] Class A-3 Fixed Rate Certificates
$[ 19,400,000] Class A-4 Fixed Rate Certificates
$[ 12,000,000] Class A-5 Fixed Rate Certificates
$[ 13,400,000] Class A-6 Fixed Rate Certificates
$[ 20,106,000] Class A-7 Fixed Rate Certificates
$[ 20,400,000] Class A-8 Fixed Rate Certificates
$[281,479,000] Class A-9 Floating Rate Certificates
$[ 6,485,000] Class M-1F Fixed Rate Certificates
$[ 26,763,000] Class M-1A Adjustable Rate Certificates
$[ 12,971,000] Class M-2F Fixed Rate Certificates
$[ 24,917,000] Class M-2A Adjustable Rate Certificates
$[ 12,383,948] Class B-1F Fixed Rate Certificates
$[ 35,995,052] Class B-1A Adjustable Rate Certificates
ALL CERTIFICATES
----------------
Title of Securities: AMRESCO Residential Securities Corporation Mortgage Loan
Trust 1997-1,
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: Chase Manhattan Bank, N.A.
Pricing Date: March [14], 1997
Settlement Date: March [27], 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.
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 1997-1 Credit Suisse First Boston Computational Materials
THE CLASS A-8 LOCKOUT PERCENTAGE -
--------------------------------
April 1997 - March 2000 -- 0%
April 2000 - March 2002 -- 45%
April 2002 - March 2003 -- 80%
April 2003 - March 2004 -- 100%
April 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 Class 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 1997-1 Credit Suisse First Boston Computational Materials
ALL CERTIFICATES (cont.)
------------------------
CLASS PERCENTAGE:
-----------------
Group I Group II
------- --------
Class A - [70.00]% Class A - [48.50]%
Class M-1 - [75.50]% Class M-1 - [63.00]%
Class M-2 - [86.50]% Class M-2 - [76.50]%
Class B - [97.00]% Class B - [96.00]%
STEPDOWN DATE:
For each Group, the later of (i) the April 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: [30.00]%
Group II Senior Specified Enhancement Percentage: [51.50]%
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.
Class Sizes: GROUP I GROUP II
------- --------
Class A - [86.50]% Class A - [76.25]%
Class M-1 - [2.75]% Class M-1 - [7.25]%
Class M-2 - [5.50]% Class M-2 - [6.75]%
Class B - [5.25]% Class B - [9.75]%
O/C - [0 to 1.50]% O/C - [0 to 2.00]%
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.
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 1997-1 Credit Suisse First Boston Computational Materials
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 1997-1 Credit Suisse First Boston Computational Materials
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: The Class A Certificates - "Aaa" by Moody's Investors
Service, "AAA" by Fitch Investors Service and "AAA" by
Duff & Phelps Credit Rating Co.
The Class M-1 Certificates - "Aa2" by Moody's Investors
Service, "AA" by Fitch Investors Service and "AA" by
Duff & Phelps Credit Rating Co.
The Class M-2 Certificates - "A2" by Moody's Investors
Service, "A" by Fitch Investors Service and "A" by
Duff & Phelps Credit Rating Co.
The Class B Certificates - "Baa3" by Moody's Investors
Service, "BBB" by Fitch Investors Service and "BBB" by
Duff & Phelps Credit Rating Co.
Clean-up Calls: The Residual Holder has the option to excercise a call
when the outstanding Certificate Balance equals 10% or
less of the original principal balance of the
Certificates. If such call is not exercised, the
Servicers will have the option to purchase the mortgage
loans when the outstanding Certificate Balance has
declined to 5% of original. Each call will be excercised
at par plus accrued interest.
ERISA Consideration: The Fixed Rate Senior Certificates will be ERISA
eligible. The Adjustable Rate Senior Certificates will
be ERISA following the expiration of the Prefunding
Period. 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: The 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 1997-1 Credit Suisse First Boston Computational Materials
- --------------------------------------------------------------------------------
GROUP I FIXED RATE CERTIFICATES
Collateral: Group I: Fixed Rate, First and Second Lien Mortgage
Loans.
Approximate Group Size: [235,846,000]
<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: [$38,800,000] [$35,200,000] [$44,700,000] [$19,400,000] [$12,000,000] [$13,400,000]
Avg. Life to 10% Call Date: [0.40] years [1.08] years [2.00] years [3.00] years [4.00] years [5.15] years
Avg. Life to Mat.(app.) [0.40] years [1.08] years [2.00] years [3.00] years [4.00] years [5.15] years
Pass-Through Rate: [ TBA ]%* [ TBA ]%* [ TBA ]%* [ TBA ]%* [ TBA ]%* [ TBA ]%*
Price [ TBA ] [ TBA ] [ TBA ] [ TBA ] [ TBA ] [ TBA ]
Pricing Speed [23]% HEP [23]% HEP [23]% HEP [23]% HEP [23]% HEP [23]% HEP
Day Count: 30/360 30/360 30/360 30/360 30/360 30/360
Expected Maturity To Call: [12/25/97] [8/25/98] [10/25/99] [10/25/00] [9/25/01] [3/25/03]
(at pricing speed)
Expected Maturity: [12/25/97] [8/25/98] [10/25/99] [10/25/00] [9/25/01] [3/25/03]
(at pricing speed)
Stated Maturity: [2/25/09] [5/25/14] [10/25/20] [12/25/22] [1/25/24] [2/25/25]
<CAPTION>
Class A-7 Class A-8 Class M-1 Class M-2 Class B
--------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
Approximate Face Amount: [$20,106,000] [$20,400,000] [$6,485,000] [$12,971,000] [$12,383,948]
Avg. Life to 10% Call Date: [7.56] years [6.42] years [5.50] years [5.49] years [5.47] years
Avg. Life to Mat. (app.): [10.39] years [6.69] years [6.20] years [6.13] years [5.82] years
Pass-Through Rate: [ TBA ]%*/** [ TBA ]%* [ TBA ]%* [ TBA ]%* [ TBA ]%*
Pricing Speed [23]% HEP [23]% HEP [23]% HEP [23]% HEP [23]% HEP
Day Count: 30/360 30/360 30/360 30/360 30/360
Expected Maturity To Call: [2/25/05] [2/25/05] [2/25/05] [2/25/05] [2/25/05]
(at pricing speed)
Expected Maturity: [8/25/15] [6/25/15] [11/25/11] [3/25/11] [3/25/09]
(at pricing speed)
Stated Maturity: [8/25/26] [7/25/26] [6/25/26] [6/25/26] [3/25/26]
</TABLE>
* Coupon is subject to Available Funds Cap
** 50 bps Step-up after Clean-up Call Date. Coupon Step-up 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 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 1997-1 Credit Suisse First Boston Computational Materials
GROUP I
GROUP I FIXED RATE CERTIFICATES (Cont.)
Pre-Funding Account: On the closing date, approximately [$15 million] willbe
deposited in a pre-funding account for the purchase of
additional fixed rate mortgage loans. From the closing
date until [May] 1,1997, the Trust intends to purchase
mortgage loans up to the entire pre-funding amounts. The
additional mortgage loans, purchaed 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 [May], 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 [April 25], 1997.
Payment Delay: 24 days for the Group I Fixed Rate Certificates.
Coupon Step-Up: If the Cleanup Call is not exercised, the coupon on the
Class A-7 Certificates shall be [Coupon + 50 bps per
annum]; 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 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 1997-1 Credit Suisse First Boston Computational Materials
GROUP II ADJUSTABLE RATE CERTIFICATES
Collateral: Group II: Adjustable Rate, First and Second Lien
Mortgage Loans.
Approximate Group Size: [369,154,000]
<TABLE>
<CAPTION>
Class A-9 Class M-1 Class M-2 Class B-1
--------- --------- --------- ---------
<S> <C> <C> <C> <C>
Approximate Face Amount: [$281,479,000] [$26,763,000] [$24,917,000] [$35,995,052]
Avg. Life to 10% Call Date: [2.33] years [5.34] years [5.26] years [5.18] years
Avg. Life to Maturity (app.) [2.52] years [5.88] years [5.75] years [5.43] years
Pass-Through Rate: [ TBA ]%*/** [ TBA ]%*/** [ TBA ]%*/** [ TBA ]%*/**
Pricing Speed [25]% CPR [25]% CPR [25]% CPR [25]% CPR
Day Count: actual/360 actual/360 actual/360 actual/360
Expected Maturity To Call: [2/25/05] [2/25/05] [2/25/05] [2/25/05]
(at pricing speed)
Expected Maturity: [7/25/13] [6/25/11] [5/25/10] [11/25/08]
(at pricing speed)
Stated Maturity: [12/25/26] [11/25/26] [10/25/26] [9/25/26]
</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 [$63.1 million] will
be deposited in a pre-funding account for the purchase
of additional adjustable rate mortgage loans. From the
closing date until [May] 1, 1997, the Trust intends to
purchase mortgage loans up to the entire pre-funding
amounts. The additional mortgage loans, purchaed 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 [May], 1997
distribution date.
Coupon Step-Up: If the Cleanup Call is not exercised, 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 April 25, 1997.
Interest Accrual
Period: Interest will accrue from the 25th day of the preceding
month 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 1997-1 Credit Suisse First Boston Computational Materials
Available Pool
Information FIXED FLOATING
---------- ----------
Loans: [2,687] Loans:[2,879]
Balance:[220,845,948.40] Balance:[306,064,443.90]
WAC:[10.107]% WAC:[9.809]%
WAM:[325] WAM:[356]; WA LTV: [72.95]%
WA LTV: [69.70]% Gross Margin:[6.103]%
% 1st Liens: [99.18]% % 1st Liens: [99.93]%
% of 5/25 Loans: [5.97]% % of 2/28 Loans: [39.01]%
% of 3/27 Loans: [17.89]%
Credit Grade Credit Grade:
PAG I: [28.56]% PAG I: [6.69]%
PAG II: [36.80]% PAG II: [46.56]%
PAG III: [18.21]% PAG III: [25.29]%
PAG IV: [6.11]% PAG IV: [6.34]%
PAG V: [10.10]% PAG V: [14.26]%
UNKNOWN: [0.22]% UNKNOWN: [0.86]%
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $38,800,000.00
COUPON: TBA% amresco71
FACTOR: 1.0000000000
ORIGINAL BALANCE: $38,800,000.00 BOND A1 PRICE-YIELD TABLE
DATED DATE: 03/01/97
FIRST PAYMENT: 4/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
PRICING SPEED
GR I (HEP) 23.0% 15.00 18.00 20.00 26.00 28.00 30.00%
GR II (CPR) 25.0% 25.00 25.00 25.00 25.00 25.00 25.00%
PRICE
99-24 6.495 6.65 6.59 6.55 6.44 6.40 6.374
99-24+ 6.455 6.62 6.55 6.51 6.39 6.35 6.324
99-25 6.414 6.59 6.52 6.47 6.35 6.31 6.275
99-25+ 6.373 6.56 6.48 6.44 6.30 6.26 6.225
99-26 6.332 6.53 6.45 6.40 6.26 6.21 6.175
99-26+ 6.291 6.50 6.42 6.36 6.21 6.16 6.126
99-27 6.250 6.47 6.38 6.33 6.17 6.12 6.076
99-27+ 6.210 6.44 6.35 6.29 6.12 6.07 6.027
99-28 6.169 6.41 6.31 6.25 6.08 6.02 5.977
99-28+ 6.128 6.38 6.28 6.22 6.04 5.98 5.928
99-29 6.087 6.35 6.25 6.18 5.99 5.93 5.878
99-29+ 6.046 6.32 6.21 6.14 5.95 5.88 5.828
99-30 6.006 6.29 6.18 6.11 5.90 5.83 5.779
99-30+ 5.965 6.26 6.14 6.07 5.86 5.79 5.730
99-31 5.924 6.23 6.11 6.03 5.81 5.74 5.680
99-31+ 5.884 6.20 6.08 6.00 5.77 5.69 5.631
100-00 5.843 6.17 6.04 5.96 5.72 5.64 5.581
100-00+ 5.802 6.14 6.01 5.92 5.68 5.60 5.532
100-01 5.762 6.11 5.98 5.89 5.63 5.55 5.483
100-01+ 5.721 6.08 5.94 5.85 5.59 5.50 5.433
100-02 5.681 6.06 5.91 5.81 5.55 5.46 5.384
100-02+ 5.640 6.03 5.87 5.78 5.50 5.41 5.335
100-03 5.599 6.00 5.84 5.74 5.46 5.36 5.285
100-03+ 5.559 5.97 5.81 5.70 5.41 5.32 5.236
100-04 5.518 5.94 5.77 5.67 5.37 5.27 5.187
100-04+ 5.478 5.91 5.74 5.63 5.32 5.22 5.138
100-05 5.437 5.88 5.71 5.59 5.28 5.17 5.089
100-05+ 5.397 5.85 5.67 5.56 5.24 5.13 5.039
100-06 5.356 5.82 5.64 5.52 5.19 5.08 4.990
100-06+ 5.316 5.79 5.60 5.48 5.15 5.03 4.941
100-07 5.276 5.76 5.57 5.45 5.10 4.99 4.892
100-07+ 5.235 5.73 5.54 5.41 5.06 4.94 4.843
First Payment 0.078 0.07 0.07 0.07 0.07 0.07 0.078
Average Life 0.399 0.55 0.48 0.44 0.36 0.34 0.327
Last Payment 0.744 1.07 0.91 0.82 0.66 0.57 0.578
Mod.Dur. @ 100-00 0.382 0.52 0.46 0.42 0.34 0.33 0.315
Accrued Interest 0.502 0.50 0.50 0.50 0.50 0.50 0.502
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $35,200,000.00
COUPON: TBA%
FACTOR: 1.0000000000
ORIGINAL BALANCE: $35,200,000.00 BOND A2 PRICE-YIELD TABLE
DATED DATE: 03/01/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 6.484 6.544 6.522 6.507 6.462 6.447 6.432
99-24+ 6.469 6.534 6.509 6.493 6.445 6.429 6.412
99-25 6.453 6.523 6.497 6.480 6.427 6.410 6.392
99-25+ 6.438 6.513 6.485 6.466 6.410 6.392 6.373
99-26 6.423 6.502 6.472 6.453 6.393 6.373 6.353
99-26+ 6.407 6.492 6.460 6.439 6.375 6.355 6.333
99-27 6.392 6.481 6.448 6.426 6.358 6.336 6.313
99-27+ 6.376 6.471 6.436 6.412 6.341 6.318 6.294
99-28 6.361 6.460 6.423 6.398 6.324 6.299 6.274
99-28+ 6.346 6.450 6.411 6.385 6.306 6.281 6.254
99-29 6.330 6.440 6.399 6.371 6.289 6.263 6.235
99-29+ 6.315 6.429 6.386 6.358 6.272 6.244 6.215
99-30 6.299 6.419 6.374 6.344 6.255 6.226 6.195
99-30+ 6.284 6.408 6.362 6.331 6.237 6.207 6.175
99-31 6.269 6.398 6.349 6.317 6.220 6.189 6.156
99-31+ 6.253 6.387 6.337 6.304 6.203 6.170 6.136
100-00 6.238 6.377 6.325 6.290 6.186 6.152 6.116
100-00+ 6.223 6.366 6.313 6.277 6.169 6.134 6.097
100-01 6.207 6.356 6.300 6.263 6.151 6.115 6.077
100-01+ 6.192 6.346 6.288 6.250 6.134 6.097 6.057
100-02 6.177 6.335 6.276 6.236 6.117 6.078 6.038
100-02+ 6.161 6.325 6.264 6.223 6.100 6.060 6.018
100-03 6.146 6.314 6.251 6.209 6.083 6.042 5.998
100-03+ 6.131 6.304 6.239 6.196 6.065 6.023 5.979
100-04 6.115 6.293 6.227 6.182 6.048 6.005 5.959
100-04+ 6.100 6.283 6.215 6.169 6.031 5.986 5.940
100-05 6.085 6.273 6.202 6.155 6.014 5.968 5.920
100-05+ 6.069 6.262 6.190 6.142 5.997 5.950 5.900
100-06 6.054 6.252 6.178 6.128 5.980 5.931 5.881
100-06+ 6.039 6.241 6.166 6.115 5.962 5.913 5.861
100-07 6.023 6.231 6.153 6.101 5.945 5.895 5.841
100-07+ 6.008 6.221 6.141 6.088 5.928 5.876 5.822
First Payment 0.744 1.078 0.911 0.828 0.661 0.578 0.578
Average Life 1.080 1.620 1.364 1.235 0.960 0.895 0.836
Last Payment 1.411 2.161 1.828 1.661 1.244 1.161 1.078
Mod.Dur. @ 100-00 1.012 1.490 1.266 1.151 0.903 0.845 0.790
Accrued Interest 0.475 0.475 0.475 0.475 0.475 0.475 0.475
</TABLE>
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $44,700,000.00
COUPON: TBA%
FACTOR: 1.0000000000
ORIGINAL BALANCE: $44,700,000.00 BOND A3 PRICE-YIELD TABLE
DATED DATE: 03/01/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 6.691 6.726 6.713 6.704 6.677 6.668 6.659
99-24+ 6.682 6.721 6.706 6.697 6.667 6.658 6.648
99-25 6.674 6.715 6.699 6.689 6.658 6.647 6.636
99-25+ 6.665 6.709 6.692 6.681 6.648 6.637 6.625
99-26 6.656 6.703 6.686 6.674 6.638 6.626 6.614
99-26+ 6.648 6.697 6.679 6.666 6.629 6.616 6.603
99-27 6.639 6.692 6.672 6.659 6.619 6.606 6.592
99-27+ 6.631 6.686 6.665 6.651 6.609 6.595 6.581
99-28 6.622 6.680 6.658 6.644 6.600 6.585 6.570
99-28+ 6.613 6.674 6.651 6.636 6.590 6.574 6.559
99-29 6.605 6.669 6.645 6.629 6.581 6.564 6.547
99-29+ 6.596 6.663 6.638 6.621 6.571 6.554 6.536
99-30 6.588 6.657 6.631 6.614 6.561 6.543 6.525
99-30+ 6.579 6.651 6.624 6.606 6.552 6.533 6.514
99-31 6.571 6.645 6.617 6.599 6.542 6.522 6.503
99-31+ 6.562 6.640 6.611 6.591 6.532 6.512 6.492
100-00 6.553 6.634 6.604 6.584 6.523 6.502 6.481
100-00+ 6.545 6.628 6.597 6.576 6.513 6.491 6.470
100-01 6.536 6.622 6.590 6.569 6.503 6.481 6.459
100-01+ 6.528 6.617 6.583 6.561 6.494 6.471 6.447
100-02 6.519 6.611 6.576 6.554 6.484 6.460 6.436
100-02+ 6.511 6.605 6.570 6.546 6.474 6.450 6.425
100-03 6.502 6.599 6.563 6.539 6.465 6.440 6.414
100-03+ 6.493 6.594 6.556 6.531 6.455 6.429 6.403
100-04 6.485 6.588 6.549 6.524 6.446 6.419 6.392
100-04+ 6.476 6.582 6.542 6.516 6.436 6.408 6.381
100-05 6.468 6.576 6.536 6.508 6.426 6.398 6.370
100-05+ 6.459 6.571 6.529 6.501 6.417 6.388 6.359
100-06 6.451 6.565 6.522 6.493 6.407 6.377 6.348
100-06+ 6.442 6.559 6.515 6.486 6.397 6.367 6.337
100-07 6.434 6.553 6.508 6.479 6.388 6.357 6.326
100-07+ 6.425 6.548 6.502 6.471 6.378 6.346 6.315
First Payment 1.411 2.161 1.828 1.661 1.244 1.161 1.078
Average Life 2.000 3.085 2.562 2.303 1.763 1.632 1.519
Last Payment 2.578 4.161 3.411 2.994 2.328 2.161 1.994
Mod.Dur. @ 100-00 1.814 2.698 2.280 2.068 1.613 1.499 1.401
Accrued Interest 0.484 0.484 0.484 0.484 0.484 0.484 0.484
</TABLE>
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $19,400,000.00
COUPON: TBA%
FACTOR: 1.0000000000
ORIGINAL BALANCE: $19,400,000.00 BOND A4 PRICE-YIELD TABLE
DATED DATE: 03/01/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 6.890 6.918 6.908 6.901 6.878 6.871 6.864
99-24+ 6.884 6.914 6.904 6.896 6.871 6.864 6.856
99-25 6.878 6.910 6.899 6.891 6.864 6.857 6.848
99-25+ 6.872 6.906 6.894 6.886 6.858 6.849 6.841
99-26 6.866 6.902 6.890 6.881 6.851 6.842 6.833
99-26+ 6.860 6.899 6.885 6.876 6.844 6.835 6.825
99-27 6.854 6.895 6.881 6.871 6.837 6.827 6.817
99-27+ 6.848 6.891 6.876 6.866 6.830 6.820 6.809
99-28 6.842 6.887 6.872 6.861 6.823 6.813 6.801
99-28+ 6.836 6.883 6.867 6.856 6.817 6.805 6.793
99-29 6.831 6.879 6.862 6.851 6.810 6.798 6.786
99-29+ 6.825 6.876 6.858 6.845 6.803 6.791 6.778
99-30 6.819 6.872 6.853 6.840 6.796 6.783 6.770
99-30+ 6.813 6.868 6.849 6.835 6.789 6.776 6.762
99-31 6.807 6.864 6.844 6.830 6.783 6.769 6.754
99-31+ 6.801 6.860 6.840 6.825 6.776 6.761 6.746
100-00 6.795 6.856 6.835 6.820 6.769 6.754 6.738
100-00+ 6.789 6.853 6.831 6.815 6.762 6.747 6.731
100-01 6.783 6.849 6.826 6.810 6.755 6.739 6.723
100-01+ 6.777 6.845 6.821 6.805 6.749 6.732 6.715
100-02 6.771 6.841 6.817 6.800 6.742 6.725 6.707
100-02+ 6.765 6.837 6.812 6.795 6.735 6.717 6.699
100-03 6.760 6.834 6.808 6.790 6.728 6.710 6.691
100-03+ 6.754 6.830 6.803 6.785 6.721 6.703 6.684
100-04 6.748 6.826 6.799 6.780 6.715 6.695 6.676
100-04+ 6.742 6.822 6.794 6.775 6.708 6.688 6.668
100-05 6.736 6.818 6.790 6.769 6.701 6.681 6.660
100-05+ 6.730 6.814 6.785 6.764 6.694 6.674 6.652
100-06 6.724 6.811 6.780 6.759 6.687 6.666 6.644
100-06+ 6.718 6.807 6.776 6.754 6.681 6.659 6.637
100-07 6.712 6.803 6.771 6.749 6.674 6.652 6.629
100-07+ 6.706 6.799 6.767 6.744 6.667 6.644 6.621
First Payment 2.578 4.161 3.411 2.994 2.328 2.161 1.994
Average Life 2.998 4.942 4.031 3.570 2.569 2.375 2.202
Last Payment 3.578 5.911 4.744 4.244 2.828 2.661 2.411
Mod.Dur. @ 100-00 2.626 4.060 3.412 3.068 2.284 2.125 1.982
Accrued Interest 0.496 0.496 0.496 0.496 0.496 0.496 0.496
</TABLE>
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $12,000,000.00
COUPON: TBA%
FACTOR: 1.0000000000
ORIGINAL BALANCE: $12,000,000.00 BOND A5 PRICE-YIELD TABLE
DATED DATE: 03/01/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.099 7.123 7.114 7.108 7.087 7.076 7.069
99-24+ 7.095 7.120 7.110 7.104 7.082 7.069 7.063
99-25 7.090 7.117 7.107 7.100 7.076 7.063 7.056
99-25+ 7.085 7.114 7.103 7.096 7.071 7.057 7.049
99-26 7.081 7.111 7.099 7.092 7.065 7.051 7.042
99-26+ 7.076 7.108 7.096 7.088 7.060 7.044 7.036
99-27 7.072 7.105 7.092 7.084 7.054 7.038 7.029
99-27+ 7.067 7.102 7.089 7.080 7.049 7.032 7.022
99-28 7.062 7.099 7.085 7.076 7.043 7.025 7.016
99-28+ 7.058 7.096 7.081 7.072 7.038 7.019 7.009
99-29 7.053 7.093 7.078 7.068 7.032 7.013 7.002
99-29+ 7.048 7.090 7.074 7.064 7.027 7.007 6.995
99-30 7.044 7.087 7.071 7.060 7.021 7.000 6.989
99-30+ 7.039 7.084 7.067 7.056 7.016 6.994 6.982
99-31 7.035 7.081 7.064 7.052 7.011 6.988 6.975
99-31+ 7.030 7.078 7.060 7.048 7.005 6.981 6.969
100-00 7.025 7.075 7.056 7.044 7.000 6.975 6.962
100-00+ 7.021 7.072 7.053 7.040 6.994 6.969 6.955
100-01 7.016 7.069 7.049 7.036 6.989 6.963 6.948
100-01+ 7.012 7.066 7.046 7.032 6.983 6.956 6.942
100-02 7.007 7.063 7.042 7.028 6.978 6.950 6.935
100-02+ 7.002 7.060 7.038 7.024 6.972 6.944 6.928
100-03 6.998 7.057 7.035 7.020 6.967 6.938 6.922
100-03+ 6.993 7.054 7.031 7.016 6.961 6.931 6.915
100-04 6.989 7.051 7.028 7.012 6.956 6.925 6.908
100-04+ 6.984 7.048 7.024 7.008 6.950 6.919 6.902
100-05 6.979 7.045 7.021 7.004 6.945 6.913 6.895
100-05+ 6.975 7.043 7.017 7.000 6.940 6.906 6.888
100-06 6.970 7.040 7.013 6.996 6.934 6.900 6.881
100-06+ 6.966 7.037 7.010 6.992 6.929 6.894 6.875
100-07 6.961 7.034 7.006 6.988 6.923 6.888 6.868
100-07+ 6.956 7.031 7.003 6.984 6.918 6.881 6.861
First Payment 3.578 5.911 4.744 4.244 2.828 2.661 2.411
Average Life 3.997 6.829 5.383 4.735 3.294 2.822 2.618
Last Payment 4.494 8.244 6.078 5.328 3.828 2.994 2.828
Mod.Dur. @ 100-00 3.374 5.245 4.338 3.899 2.846 2.480 2.316
Accrued Interest 0.510 0.510 0.510 0.510 0.510 0.510 0.510
</TABLE>
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $13,400,000.00
COUPON: TBA%
FACTOR: 1.0000000000
ORIGINAL BALANCE: $13,400,000.00 BOND A6 PRICE-YIELD TABLE
DATED DATE: 03/01/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.254 7.274 7.268 7.262 7.245 7.239 7.228
99-24+ 7.250 7.272 7.265 7.259 7.241 7.234 7.223
99-25 7.246 7.269 7.262 7.256 7.237 7.230 7.217
99-25+ 7.242 7.267 7.260 7.252 7.232 7.225 7.212
99-26 7.239 7.265 7.257 7.249 7.228 7.220 7.206
99-26+ 7.235 7.262 7.254 7.246 7.224 7.216 7.201
99-27 7.231 7.260 7.251 7.243 7.220 7.211 7.195
99-27+ 7.227 7.258 7.248 7.240 7.215 7.206 7.190
99-28 7.224 7.255 7.246 7.237 7.211 7.201 7.184
99-28+ 7.220 7.253 7.243 7.233 7.207 7.197 7.179
99-29 7.216 7.251 7.240 7.230 7.202 7.192 7.173
99-29+ 7.212 7.248 7.237 7.227 7.198 7.187 7.168
99-30 7.209 7.246 7.235 7.224 7.194 7.182 7.162
99-30+ 7.205 7.244 7.232 7.221 7.189 7.178 7.157
99-31 7.201 7.241 7.229 7.217 7.185 7.173 7.151
99-31+ 7.197 7.239 7.226 7.214 7.181 7.168 7.146
100-00 7.194 7.236 7.223 7.211 7.177 7.164 7.141
100-00+ 7.190 7.234 7.221 7.208 7.172 7.159 7.135
100-01 7.186 7.232 7.218 7.205 7.168 7.154 7.130
100-01+ 7.183 7.229 7.215 7.202 7.164 7.149 7.124
100-02 7.179 7.227 7.212 7.198 7.159 7.145 7.119
100-02+ 7.175 7.225 7.210 7.195 7.155 7.140 7.113
100-03 7.171 7.222 7.207 7.192 7.151 7.135 7.108
100-03+ 7.168 7.220 7.204 7.189 7.147 7.131 7.102
100-04 7.164 7.218 7.201 7.186 7.142 7.126 7.097
100-04+ 7.160 7.215 7.199 7.183 7.138 7.121 7.091
100-05 7.156 7.213 7.196 7.179 7.134 7.117 7.086
100-05+ 7.153 7.211 7.193 7.176 7.129 7.112 7.080
100-06 7.149 7.208 7.190 7.173 7.125 7.107 7.075
100-06+ 7.145 7.206 7.187 7.170 7.121 7.102 7.070
100-07 7.142 7.204 7.185 7.167 7.117 7.098 7.064
100-07+ 7.138 7.201 7.182 7.164 7.112 7.093 7.059
First Payment 4.494 8.244 6.078 5.328 3.828 2.994 2.828
Average Life 5.145 9.403 7.523 6.310 4.359 3.910 3.308
Last Payment 5.994 9.744 8.911 8.161 4.994 4.494 4.078
Mod.Dur. @ 100-00 4.161 6.619 5.609 4.903 3.621 3.298 2.846
Accrued Interest 0.520 0.520 0.520 0.520 0.520 0.520 0.520
</TABLE>
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $20,106,000.00
COUPON: TBA%
FACTOR: 1.0000000000
ORIGINAL BALANCE: $20,106,000.00 BOND A7 PRICE-YIELD TABLE
DATED DATE: 03/01/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.680 7.688 7.685 7.684 7.675 7.672 7.667
99-24+ 7.677 7.686 7.683 7.681 7.672 7.669 7.664
99-25 7.675 7.683 7.681 7.679 7.669 7.665 7.660
99-25+ 7.672 7.681 7.678 7.676 7.666 7.662 7.657
99-26 7.669 7.679 7.676 7.673 7.663 7.659 7.653
99-26+ 7.666 7.676 7.673 7.671 7.660 7.655 7.649
99-27 7.663 7.674 7.671 7.668 7.657 7.652 7.646
99-27+ 7.661 7.672 7.668 7.666 7.654 7.649 7.642
99-28 7.658 7.669 7.666 7.663 7.651 7.645 7.639
99-28+ 7.655 7.667 7.663 7.660 7.648 7.642 7.635
99-29 7.652 7.665 7.661 7.658 7.645 7.639 7.632
99-29+ 7.649 7.662 7.658 7.655 7.641 7.635 7.628
99-30 7.647 7.660 7.656 7.653 7.638 7.632 7.624
99-30+ 7.644 7.658 7.653 7.650 7.635 7.629 7.621
99-31 7.641 7.655 7.651 7.648 7.632 7.626 7.617
99-31+ 7.638 7.653 7.648 7.645 7.629 7.622 7.614
100-00 7.635 7.651 7.646 7.642 7.626 7.619 7.610
100-00+ 7.633 7.648 7.643 7.640 7.623 7.616 7.607
100-01 7.630 7.646 7.641 7.637 7.620 7.612 7.603
100-01+ 7.627 7.644 7.638 7.635 7.617 7.609 7.599
100-02 7.624 7.641 7.636 7.632 7.614 7.606 7.596
100-02+ 7.621 7.639 7.633 7.629 7.611 7.602 7.592
100-03 7.619 7.637 7.631 7.627 7.608 7.599 7.589
100-03+ 7.616 7.634 7.628 7.624 7.604 7.596 7.585
100-04 7.613 7.632 7.626 7.622 7.601 7.592 7.582
100-04+ 7.610 7.630 7.623 7.619 7.598 7.589 7.578
100-05 7.607 7.627 7.621 7.617 7.595 7.586 7.574
100-05+ 7.605 7.625 7.618 7.614 7.592 7.583 7.571
100-06 7.602 7.623 7.616 7.611 7.589 7.579 7.567
100-06+ 7.599 7.620 7.614 7.609 7.586 7.576 7.564
100-07 7.596 7.618 7.611 7.606 7.583 7.573 7.560
100-07+ 7.594 7.616 7.609 7.604 7.580 7.569 7.557
First Payment 5.994 9.744 8.911 8.161 4.994 4.494 4.078
Average Life 7.558 9.744 8.911 8.407 6.658 6.111 5.542
Last Payment 7.911 9.744 8.911 8.411 7.494 7.328 7.078
Mod.Dur. @ 100-00 5.554 6.662 6.264 6.011 5.035 4.702 4.347
Accrued Interest 0.549 0.549 0.549 0.549 0.549 0.549 0.549
</TABLE>
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $20,400,000.00
COUPON: TBA%
FACTOR: 1.0000000000
ORIGINAL BALANCE: $20,400,000.00 BOND A8 PRICE-YIELD TABLE
DATED DATE: 03/01/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.217 7.220 7.218 7.218 7.216 7.215 7.215
99-24+ 7.213 7.217 7.215 7.214 7.213 7.212 7.211
99-25 7.210 7.214 7.212 7.211 7.209 7.209 7.208
99-25+ 7.207 7.211 7.209 7.208 7.206 7.206 7.205
99-26 7.204 7.208 7.206 7.205 7.203 7.202 7.202
99-26+ 7.201 7.205 7.203 7.202 7.200 7.199 7.198
99-27 7.198 7.202 7.200 7.199 7.196 7.196 7.195
99-27+ 7.195 7.199 7.197 7.196 7.193 7.193 7.192
99-28 7.191 7.197 7.194 7.193 7.190 7.189 7.188
99-28+ 7.188 7.194 7.191 7.190 7.187 7.186 7.185
99-29 7.185 7.191 7.188 7.187 7.184 7.183 7.182
99-29+ 7.182 7.188 7.185 7.184 7.180 7.180 7.179
99-30 7.179 7.185 7.182 7.181 7.177 7.176 7.175
99-30+ 7.176 7.182 7.179 7.178 7.174 7.173 7.172
99-31 7.173 7.179 7.176 7.174 7.171 7.170 7.169
99-31+ 7.169 7.176 7.173 7.171 7.168 7.167 7.165
100-00 7.166 7.173 7.170 7.168 7.164 7.163 7.162
100-00+ 7.163 7.170 7.167 7.165 7.161 7.160 7.159
100-01 7.160 7.167 7.164 7.162 7.158 7.157 7.156
100-01+ 7.157 7.164 7.161 7.159 7.155 7.154 7.152
100-02 7.154 7.162 7.158 7.156 7.152 7.151 7.149
100-02+ 7.151 7.159 7.155 7.153 7.148 7.147 7.146
100-03 7.147 7.156 7.152 7.150 7.145 7.144 7.143
100-03+ 7.144 7.153 7.149 7.147 7.142 7.141 7.139
100-04 7.141 7.150 7.146 7.144 7.139 7.138 7.136
100-04+ 7.138 7.147 7.143 7.141 7.136 7.134 7.133
100-05 7.135 7.144 7.140 7.138 7.132 7.131 7.129
100-05+ 7.132 7.141 7.137 7.134 7.129 7.128 7.126
100-06 7.129 7.138 7.134 7.131 7.126 7.125 7.123
100-06+ 7.125 7.135 7.131 7.128 7.123 7.121 7.120
100-07 7.122 7.132 7.128 7.125 7.120 7.118 7.116
100-07+ 7.119 7.129 7.125 7.122 7.116 7.115 7.113
First Payment 3.161 3.078 3.078 3.078 3.328 3.494 3.578
Average Life 6.425 7.120 6.797 6.617 6.259 6.180 6.073
Last Payment 7.911 9.744 8.911 8.411 7.494 7.328 7.078
Mod.Dur. @ 100-00 4.946 5.330 5.152 5.053 4.852 4.807 4.746
Accrued Interest 0.517 0.517 0.517 0.517 0.517 0.517 0.517
</TABLE>
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $6,485,000.00
COUPON: TBA%
FACTOR: 1.0000000000
ORIGINAL BALANCE: $6,485,000.00 BOND M1F PRICE-YIELD TABLE
DATED DATE: 03/01/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.504 7.517 7.512 7.509 7.500 7.498 7.496
99-24+ 7.500 7.515 7.509 7.506 7.496 7.494 7.492
99-25 7.497 7.512 7.506 7.502 7.492 7.490 7.488
99-25+ 7.493 7.509 7.503 7.499 7.488 7.486 7.484
99-26 7.490 7.506 7.500 7.496 7.484 7.482 7.480
99-26+ 7.486 7.503 7.497 7.492 7.481 7.478 7.476
99-27 7.482 7.501 7.494 7.489 7.477 7.474 7.471
99-27+ 7.479 7.498 7.491 7.486 7.473 7.470 7.467
99-28 7.475 7.495 7.488 7.482 7.469 7.466 7.463
99-28+ 7.471 7.492 7.484 7.479 7.465 7.462 7.459
99-29 7.468 7.489 7.481 7.476 7.461 7.458 7.455
99-29+ 7.464 7.487 7.478 7.472 7.457 7.454 7.451
99-30 7.460 7.484 7.475 7.469 7.453 7.450 7.447
99-30+ 7.457 7.481 7.472 7.466 7.450 7.446 7.443
99-31 7.453 7.478 7.469 7.462 7.446 7.442 7.438
99-31+ 7.450 7.476 7.466 7.459 7.442 7.438 7.434
100-00 7.446 7.473 7.463 7.456 7.438 7.434 7.430
100-00+ 7.442 7.470 7.460 7.452 7.434 7.430 7.426
100-01 7.439 7.467 7.457 7.449 7.430 7.426 7.422
100-01+ 7.435 7.464 7.453 7.446 7.426 7.422 7.418
100-02 7.432 7.462 7.450 7.442 7.422 7.418 7.414
100-02+ 7.428 7.459 7.447 7.439 7.419 7.414 7.410
100-03 7.424 7.456 7.444 7.436 7.415 7.410 7.405
100-03+ 7.421 7.453 7.441 7.432 7.411 7.406 7.401
100-04 7.417 7.451 7.438 7.429 7.407 7.402 7.397
100-04+ 7.413 7.448 7.435 7.426 7.403 7.398 7.393
100-05 7.410 7.445 7.432 7.423 7.399 7.394 7.389
100-05+ 7.406 7.442 7.429 7.419 7.395 7.390 7.385
100-06 7.403 7.439 7.426 7.416 7.391 7.386 7.381
100-06+ 7.399 7.437 7.422 7.413 7.388 7.382 7.377
100-07 7.395 7.434 7.419 7.409 7.384 7.378 7.373
100-07+ 7.392 7.431 7.416 7.406 7.380 7.374 7.368
First Payment 3.161 4.161 3.494 3.078 3.244 3.411 3.494
Average Life 5.499 7.691 6.689 6.133 5.051 4.846 4.672
Last Payment 7.911 9.744 8.911 8.411 7.494 7.328 7.078
Mod.Dur. @ 100-00 4.292 5.588 5.018 4.685 4.011 3.882 3.774
Accrued Interest 0.538 0.538 0.538 0.538 0.538 0.538 0.538
</TABLE>
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $12,971,000.00
COUPON: TBA%
FACTOR: 1.0000000000
ORIGINAL BALANCE: $12,971,000.00 BOND M2F PRICE-YIELD TABLE
DATED DATE: 03/01/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.753 7.767 7.761 7.758 7.748 7.745 7.743
99-24+ 7.749 7.764 7.758 7.754 7.744 7.741 7.739
99-25 7.745 7.761 7.755 7.751 7.740 7.737 7.735
99-25+ 7.742 7.758 7.752 7.748 7.736 7.733 7.730
99-26 7.738 7.756 7.749 7.744 7.732 7.729 7.726
99-26+ 7.734 7.753 7.746 7.741 7.728 7.725 7.722
99-27 7.731 7.750 7.743 7.738 7.724 7.721 7.718
99-27+ 7.727 7.747 7.740 7.734 7.720 7.717 7.714
99-28 7.723 7.744 7.736 7.731 7.716 7.713 7.709
99-28+ 7.720 7.741 7.733 7.728 7.713 7.709 7.705
99-29 7.716 7.739 7.730 7.724 7.709 7.705 7.701
99-29+ 7.712 7.736 7.727 7.721 7.705 7.701 7.697
99-30 7.709 7.733 7.724 7.718 7.701 7.696 7.692
99-30+ 7.705 7.730 7.721 7.714 7.697 7.692 7.688
99-31 7.701 7.727 7.718 7.711 7.693 7.688 7.684
99-31+ 7.698 7.725 7.714 7.707 7.689 7.684 7.680
100-00 7.694 7.722 7.711 7.704 7.685 7.680 7.676
100-00+ 7.690 7.719 7.708 7.701 7.681 7.676 7.671
100-01 7.687 7.716 7.705 7.697 7.677 7.672 7.667
100-01+ 7.683 7.713 7.702 7.694 7.673 7.668 7.663
100-02 7.679 7.711 7.699 7.691 7.669 7.664 7.659
100-02+ 7.676 7.708 7.696 7.687 7.665 7.660 7.655
100-03 7.672 7.705 7.693 7.684 7.662 7.656 7.650
100-03+ 7.668 7.702 7.690 7.681 7.658 7.652 7.646
100-04 7.665 7.699 7.686 7.677 7.654 7.648 7.642
100-04+ 7.661 7.697 7.683 7.674 7.650 7.644 7.638
100-05 7.658 7.694 7.680 7.671 7.646 7.640 7.634
100-05+ 7.654 7.691 7.677 7.667 7.642 7.635 7.629
100-06 7.650 7.688 7.674 7.664 7.638 7.631 7.625
100-06+ 7.647 7.685 7.671 7.661 7.634 7.627 7.621
100-07 7.643 7.683 7.668 7.657 7.630 7.623 7.617
100-07+ 7.639 7.680 7.665 7.654 7.626 7.619 7.613
First Payment 3.078 4.161 3.494 3.078 3.161 3.161 3.244
Average Life 5.494 7.691 6.689 6.133 5.022 4.795 4.593
Last Payment 7.911 9.744 8.911 8.411 7.494 7.328 7.078
Mod.Dur. @ 100-00 4.255 5.533 4.974 4.646 3.961 3.817 3.690
Accrued Interest 0.555 0.555 0.555 0.555 0.555 0.555 0.555
</TABLE>
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $12,383,948.40
COUPON: TBA%
FACTOR: 1.0000000000
ORIGINAL BALANCE: $12,383,948.40 BOND B1F PRICE-YIELD TABLE
DATED DATE: 03/01/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.0% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 8.057 8.072 8.067 8.063 8.052 8.048 8.045
99-24+ 8.053 8.070 8.064 8.059 8.048 8.044 8.041
99-25 8.050 8.067 8.060 8.056 8.044 8.040 8.036
99-25+ 8.046 8.064 8.057 8.053 8.040 8.036 8.032
99-26 8.042 8.061 8.054 8.049 8.036 8.032 8.028
99-26+ 8.038 8.058 8.051 8.046 8.032 8.027 8.023
99-27 8.035 8.055 8.048 8.042 8.028 8.023 8.019
99-27+ 8.031 8.053 8.045 8.039 8.024 8.019 8.015
99-28 8.027 8.050 8.041 8.036 8.020 8.015 8.010
99-28+ 8.024 8.047 8.038 8.032 8.016 8.011 8.006
99-29 8.020 8.044 8.035 8.029 8.012 8.006 8.002
99-29+ 8.016 8.041 8.032 8.025 8.008 8.002 7.997
99-30 8.012 8.038 8.029 8.022 8.004 7.998 7.993
99-30+ 8.009 8.035 8.026 8.019 8.000 7.994 7.989
99-31 8.005 8.033 8.022 8.015 7.996 7.990 7.984
99-31+ 8.001 8.030 8.019 8.012 7.992 7.986 7.980
100-00 7.998 8.027 8.016 8.009 7.988 7.981 7.975
100-00+ 7.994 8.024 8.013 8.005 7.984 7.977 7.971
100-01 7.990 8.021 8.010 8.002 7.980 7.973 7.967
100-01+ 7.987 8.018 8.007 7.998 7.976 7.969 7.962
100-02 7.983 8.016 8.003 7.995 7.972 7.965 7.958
100-02+ 7.979 8.013 8.000 7.992 7.968 7.961 7.954
100-03 7.976 8.010 7.997 7.988 7.964 7.956 7.949
100-03+ 7.972 8.007 7.994 7.985 7.960 7.952 7.945
100-04 7.968 8.004 7.991 7.982 7.956 7.948 7.941
100-04+ 7.964 8.001 7.988 7.978 7.952 7.944 7.936
100-05 7.961 7.999 7.985 7.975 7.948 7.940 7.932
100-05+ 7.957 7.996 7.981 7.971 7.944 7.936 7.928
100-06 7.953 7.993 7.978 7.968 7.940 7.931 7.923
100-06+ 7.950 7.990 7.975 7.965 7.936 7.927 7.919
100-07 7.946 7.987 7.972 7.961 7.932 7.923 7.915
100-07+ 7.942 7.984 7.969 7.958 7.928 7.919 7.910
First Payment 3.078 4.161 3.494 3.078 3.078 3.078 3.078
Average Life 5.472 7.691 6.688 6.128 4.966 4.702 4.466
Last Payment 7.911 9.744 8.911 8.411 7.494 7.328 7.078
Mod.Dur. @ 100-00 4.202 5.467 4.919 4.597 3.891 3.724 3.575
Accrued Interest 0.577 0.577 0.577 0.577 0.577 0.577 0.577
</TABLE>
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $281,479,000.00
CURRENT COUPON: TBA%
FACTOR: 1.0000000000
ORIGINAL BALANCE: $281,479,000.00 BOND A9 DISCOUNT MARGIN ACT/360 TABLE
DATED DATE: 03/27/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
ASSUMED CONSTANT LIBOR-1M 5.4375
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00%
GR II (CPR) 25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 34.00%
PRICE
99-24 29.982 25.669 26.888 28.565 31.662 34.649 36.755
99-24+ 29.232 25.189 26.331 27.903 30.806 33.606 35.581
99-25 28.481 24.709 25.775 27.241 29.950 32.563 34.406
99-25+ 27.731 24.228 25.218 26.580 29.095 31.521 33.232
99-26 26.981 23.748 24.662 25.919 28.240 30.479 32.058
99-26+ 26.231 23.269 24.106 25.258 27.385 29.437 30.885
99-27 25.482 22.789 23.550 24.597 26.530 28.396 29.712
99-27+ 24.733 22.309 22.994 23.936 25.676 27.355 28.539
99-28 23.984 21.830 22.439 23.276 24.822 26.314 27.367
99-28+ 23.235 21.351 21.883 22.616 23.968 25.274 26.195
99-29 22.486 20.872 21.328 21.956 23.115 24.234 25.023
99-29+ 21.738 20.393 20.773 21.296 22.262 23.194 23.852
99-30 20.990 19.914 20.218 20.636 21.409 22.154 22.681
99-30+ 20.242 19.435 19.663 19.977 20.556 21.115 21.510
99-31 19.494 18.957 19.109 19.318 19.704 20.077 20.340
99-31+ 18.747 18.478 18.554 18.659 18.852 19.038 19.170
100-00 18.000 18.000 18.000 18.000 18.000 18.000 18.000
100-00+ 17.253 17.522 17.446 17.341 17.148 16.962 16.831
100-01 16.506 17.044 16.892 16.683 16.297 15.925 15.662
100-01+ 15.760 16.566 16.338 16.025 15.446 14.888 14.493
100-02 15.014 16.088 15.785 15.367 14.595 13.851 13.325
100-02+ 14.268 15.611 15.231 14.709 13.745 12.814 12.157
100-03 13.522 15.134 14.678 14.052 12.895 11.778 10.990
100-03+ 12.777 14.656 14.125 13.394 12.045 10.742 9.822
100-04 12.031 14.179 13.572 12.737 11.195 9.707 8.655
100-04+ 11.286 13.702 13.019 12.080 10.346 8.672 7.489
100-05 10.542 13.225 12.467 11.423 9.497 7.637 6.323
100-05+ 9.797 12.749 11.914 10.767 8.648 6.602 5.157
100-06 9.053 12.272 11.362 10.110 7.799 5.568 3.991
100-06+ 8.309 11.796 10.810 9.454 6.951 4.534 2.826
100-07 7.565 11.320 10.258 8.798 6.103 3.501 1.661
100-07+ 6.821 10.843 9.706 8.143 5.255 2.468 0.497
First Payment 0.078 0.078 0.078 0.078 0.078 0.078 0.078
Average Life 2.331 3.888 3.269 2.682 2.017 1.620 1.416
Last Payment 7.911 11.328 9.911 8.578 7.411 6.828 6.578
Mod.Dur. @ 100-00 2.011 3.143 2.711 2.281 1.764 1.447 1.284
Accrued Interest 0.000 0.000 0.000 0.000 0.000 0.000 0.000
</TABLE>
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $26,763,000.00
CURRENT COUPON: TBA %
FACTOR: 1.0000000000
ORIGINAL BALANCE: $26,763,000.00 BOND M1A DISCOUNT MARGIN ACT/360 TABLE
DATED DATE: 03/27/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
ASSUMED CONSTANT LIBOR-1M 5.4375
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00%
GR II (CPR) 25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 34.00%
PRICE
99-24 40.466 38.828 39.369 40.085 40.649 40.517 40.235
99-24+ 40.123 38.588 39.096 39.767 40.295 40.172 39.907
99-25 39.781 38.349 38.822 39.449 39.942 39.826 39.580
99-25+ 39.439 38.109 38.549 39.131 39.588 39.481 39.252
99-26 39.098 37.870 38.276 38.813 39.235 39.136 38.925
99-26+ 38.756 37.630 38.002 38.495 38.882 38.791 38.597
99-27 38.414 37.391 37.729 38.177 38.528 38.446 38.270
99-27+ 38.072 37.152 37.456 37.859 38.175 38.101 37.943
99-28 37.731 36.912 37.183 37.541 37.822 37.756 37.616
99-28+ 37.389 36.673 36.910 37.223 37.469 37.412 37.288
99-29 37.048 36.434 36.637 36.905 37.116 37.067 36.961
99-29+ 36.706 36.195 36.364 36.587 36.763 36.722 36.634
99-30 36.365 35.956 36.091 36.270 36.411 36.378 36.307
99-30+ 36.024 35.717 35.818 35.952 36.058 36.033 35.980
99-31 35.682 35.478 35.545 35.635 35.705 35.689 35.654
99-31+ 35.341 35.239 35.273 35.317 35.353 35.344 35.327
100-00 35.000 35.000 35.000 35.000 35.000 35.000 35.000
100-00+ 34.659 34.761 34.727 34.683 34.648 34.656 34.673
100-01 34.318 34.522 34.455 34.365 34.295 34.312 34.347
100-01+ 33.977 34.284 34.182 34.048 33.943 33.967 34.020
100-02 33.636 34.045 33.910 33.731 33.590 33.623 33.694
100-02+ 33.295 33.806 33.637 33.414 33.238 33.279 33.367
100-03 32.955 33.568 33.365 33.097 32.886 32.935 33.041
100-03+ 32.614 33.329 33.093 32.780 32.534 32.591 32.714
100-04 32.273 33.091 32.821 32.463 32.182 32.248 32.388
100-04+ 31.933 32.852 32.548 32.146 31.830 31.904 32.062
100-05 31.592 32.614 32.276 31.830 31.478 31.560 31.736
100-05+ 31.252 32.375 32.004 31.513 31.126 31.216 31.410
100-06 30.912 32.137 31.732 31.196 30.775 30.873 31.084
100-06+ 30.572 31.899 31.460 30.880 30.423 30.529 30.758
100-07 30.231 31.661 31.188 30.563 30.071 30.186 30.432
100-07+ 29.891 31.422 30.916 30.247 29.720 29.842 30.106
First Payment 3.494 4.161 3.494 3.161 3.744 4.161 4.411
Average Life 5.339 8.312 7.032 5.841 5.110 5.220 5.546
Last Payment 7.911 11.328 9.911 8.578 7.411 6.828 6.578
Mod.Dur. @ 100-00 4.403 6.290 5.509 4.733 4.261 4.363 4.598
Accrued Interest 0.000 0.000 0.000 0.000 0.000 0.000 0.000
</TABLE>
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $24,917,000.00
CURRENT COUPON: TBA%
FACTOR: 1.0000000000
ORIGINAL BALANCE: $24,917,000.00 BOND M2A DISCOUNT MARGIN ACT/360 TABLE
DATED DATE: 03/27/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
ASSUMED CONSTANT LIBOR-1M 5.4375
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00%
GR II (CPR) 25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 34.00%
PRICE
99-24 50.559 48.844 49.385 50.109 50.891 51.147 51.180
99-24+ 50.211 48.603 49.111 49.790 50.522 50.763 50.794
99-25 49.863 48.363 48.836 49.470 50.154 50.378 50.407
99-25+ 49.515 48.122 48.562 49.150 49.785 49.993 50.020
99-26 49.167 47.882 48.287 48.831 49.417 49.609 49.634
99-26+ 48.820 47.641 48.013 48.511 49.048 49.224 49.247
99-27 48.472 47.401 47.739 48.192 48.680 48.840 48.861
99-27+ 48.125 47.161 47.465 47.872 48.312 48.456 48.474
99-28 47.777 46.920 47.191 47.553 47.943 48.071 48.088
99-28+ 47.430 46.680 46.917 47.233 47.575 47.687 47.702
99-29 47.082 46.440 46.643 46.914 47.207 47.303 47.316
99-29+ 46.735 46.200 46.369 46.595 46.839 46.919 46.929
99-30 46.388 45.960 46.095 46.276 46.471 46.535 46.543
99-30+ 46.041 45.720 45.821 45.957 46.103 46.151 46.157
99-31 45.694 45.480 45.547 45.638 45.735 45.767 45.772
99-31+ 45.347 45.240 45.274 45.319 45.368 45.384 45.386
100-00 45.000 45.000 45.000 45.000 45.000 45.000 45.000
100-00+ 44.653 44.760 44.726 44.681 44.632 44.616 44.614
100-01 44.306 44.520 44.453 44.362 44.265 44.233 44.229
100-01+ 43.960 44.281 44.179 44.044 43.897 43.849 43.843
100-02 43.613 44.041 43.906 43.725 43.530 43.466 43.458
100-02+ 43.266 43.801 43.633 43.407 43.163 43.083 43.072
100-03 42.920 43.562 43.359 43.088 42.795 42.699 42.687
100-03+ 42.574 43.322 43.086 42.770 42.428 42.316 42.302
100-04 42.227 43.083 42.813 42.451 42.061 41.933 41.916
100-04+ 41.881 42.843 42.540 42.133 41.694 41.550 41.531
100-05 41.535 42.604 42.266 41.815 41.327 41.167 41.146
100-05+ 41.188 42.365 41.993 41.497 40.960 40.784 40.761
100-06 40.842 42.125 41.720 41.178 40.593 40.401 40.376
100-06+ 40.496 41.886 41.447 40.860 40.227 40.018 39.992
100-07 40.150 41.647 41.174 40.542 39.860 39.636 39.607
100-07+ 39.804 41.408 40.902 40.224 39.493 39.253 39.222
First Payment 3.244 4.161 3.494 3.078 3.411 3.578 3.661
Average Life 5.262 8.312 7.032 5.832 4.897 4.636 4.597
Last Payment 7.911 11.328 9.911 8.578 7.411 6.828 6.578
Mod.Dur. @ 100-00 4.328 6.261 5.487 4.709 4.083 3.913 3.892
Accrued Interest 0.000 0.000 0.000 0.000 0.000 0.000 0.000
</TABLE>
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 1997-1 Credit Suisse First Boston Computational Materials
CURRENT BALANCE: $35,995,051.60
CURRENT COUPON: TBA %
FACTOR: 1.0000000000
ORIGINAL BALANCE: $35,995,051.60 BOND B1A DISCOUNT MARGIN ACT/360 TABLE
DATED DATE: 03/27/97
FIRST PAYMENT: 04/25/97
TOTAL CLASSES: 15
YIELD TABLE DATE: 03/27/97
ASSUMED CONSTANT LIBOR-1M 5.4375
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.0% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00%
GR II (CPR) 25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 34.00%
PRICE
99-24 80.684 78.895 79.442 80.183 81.123 81.609 81.803
99-24+ 80.328 78.652 79.164 79.858 80.740 81.195 81.377
99-25 79.972 78.408 78.886 79.534 80.357 80.782 80.951
99-25+ 79.617 78.164 78.608 79.210 79.974 80.368 80.526
99-26 79.261 77.920 78.330 78.886 79.591 79.955 80.100
99-26+ 78.906 77.677 78.052 78.561 79.208 79.541 79.675
99-27 78.550 77.433 77.774 78.237 78.825 79.128 79.249
99-27+ 78.195 77.190 77.497 77.913 78.442 78.715 78.824
99-28 77.840 76.946 77.219 77.589 78.059 78.302 78.399
99-28+ 77.484 76.703 76.941 77.266 77.677 77.889 77.974
99-29 77.129 76.459 76.664 76.942 77.294 77.476 77.549
99-29+ 76.774 76.216 76.386 76.618 76.911 77.063 77.124
99-30 76.419 75.973 76.109 76.294 76.529 76.650 76.699
99-30+ 76.064 75.729 75.832 75.971 76.147 76.238 76.274
99-31 75.709 75.486 75.554 75.647 75.764 75.825 75.849
99-31+ 75.355 75.243 75.277 75.323 75.382 75.412 75.425
100-00 75.000 75.000 75.000 75.000 75.000 75.000 75.000
100-00+ 74.645 74.757 74.723 74.677 74.618 74.588 74.576
100-01 74.291 74.514 74.446 74.353 74.236 74.175 74.151
100-01+ 73.936 74.271 74.169 74.030 73.854 73.763 73.727
100-02 73.582 74.028 73.892 73.707 73.472 73.351 73.302
100-02+ 73.227 73.785 73.615 73.384 73.090 72.939 72.878
100-03 72.873 73.542 73.338 73.061 72.709 72.527 72.454
100-03+ 72.519 73.300 73.061 72.738 72.327 72.115 72.030
100-04 72.165 73.057 72.784 72.415 71.945 71.703 71.606
100-04+ 71.811 72.814 72.508 72.092 71.564 71.291 71.182
100-05 71.457 72.572 72.231 71.769 71.183 70.879 70.759
100-05+ 71.103 72.329 71.955 71.446 70.801 70.468 70.335
100-06 70.749 72.087 71.678 71.123 70.420 70.056 69.911
100-06+ 70.395 71.844 71.402 70.801 70.039 69.645 69.488
100-07 70.041 71.602 71.125 70.478 69.658 69.233 69.064
100-07+ 69.688 71.359 70.849 70.156 69.277 68.822 68.641
First Payment 3.078 4.161 3.494 3.078 3.078 3.078 3.078
Average Life 5.178 8.300 7.011 5.794 4.731 4.311 4.162
Last Payment 7.911 11.328 9.911 8.578 7.411 6.828 6.578
Mod.Dur. @ 100-00 4.227 6.170 5.411 4.636 3.924 3.635 3.532
Accrued Interest 0.000 0.000 0.000 0.000 0.000 0.000 0.000
</TABLE>
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 1997-1 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
- -------------
05/97 9.32
06/97 9.37
07/97 9.43
08/97 9.56
09/97 9.72
10/97 9.81
11/97 9.81
12/97 9.86
01/98 9.92
02/98 10.04
03/98 10.20
04/98 10.28
05/98 10.28
06/98 10.30
07/98 10.35
08/98 10.35
09/98 10.36
10/98 10.37
11/98 10.37
12/98 10.47
01/99 10.58
02/99 10.77
03/99 10.88
04/99 10.95
05/99 10.95
06/99 10.95
07/99 11.03
08/99 11.22
09/99 11.22
10/99 11.22
11/99 11.22
12/99 11.22
01/00 11.22
02/00 11.26
03/00 11.32
04/00 11.32 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 1997-1 Credit Suisse First Boston Computational Materials
- --------------------------------------------------------------------------------
- AMRESCO 1997-1
- Cut Off Date of Tape is 3/1/97
- FIXED RATE COLLATERAL
- $220,845,948.40
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 2,687
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $220,845,948.40
Aggregate Original Principal Balance: $222,002,155.00
Weighted Average Gross Coupon: 10.107%
Gross Coupon Range: 6.840% - 16.330%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $82,190.53
Average Original Principal Balance: $82,620.82
Maximum Unpaid Principal Balance: $617,951.41
Minimum Unpaid Principal Balance: $82.00
Maximum Original Principal Balance: $624,000.00
Minimum Original Principal Balance: $10,500.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 325.179
Stated Rem Term Range: 115.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru Date): 5.524
Age Range: 0.000 - 38.000
Weighted Average Original Term: 330.703
Original Term Range: 120.000 - 360.000
Weighted Average Combined LTV: 69.702
Combined LTV Range: 6.667% - 100.000%
- --------------------------------------------------------------------------------
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 1997-1 Credit Suisse First Boston Computational Materials
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
6.50% < Gross Coupon < = 7.00% 2 108,267.15 0.05
7.00% < Gross Coupon < = 7.50% 4 645,624.86 0.29
7.50% < Gross Coupon < = 7.75% 30 4,459,517.67 2.02
7.75% < Gross Coupon < = 8.00% 62 9,031,052.76 4.09
8.00% < Gross Coupon < = 8.25% 86 13,353,943.87 6.05
8.25% < Gross Coupon < = 8.50% 106 13,063,888.35 5.92
8.50% < Gross Coupon < = 8.75% 108 10,906,997.05 4.94
8.75% < Gross Coupon < = 9.00% 150 14,625,290.61 6.62
9.00% < Gross Coupon < = 9.25% 104 9,708,899.70 4.40
9.25% < Gross Coupon < = 9.50% 138 14,821,714.07 6.71
9.50% < Gross Coupon < = 9.75% 141 11,682,014.90 5.29
9.75% < Gross Coupon < = 10.00% 221 19,523,391.03 8.84
10.00% < Gross Coupon < = 10.25% 96 8,279,252.23 3.75
10.25% < Gross Coupon < = 10.50% 166 12,385,566.47 5.61
10.50% < Gross Coupon < = 10.75% 170 13,192,470.63 5.97
10.75% < Gross Coupon < = 11.00% 172 13,217,413.86 5.98
11.00% < Gross Coupon < = 11.25% 81 5,563,569.43 2.52
11.25% < Gross Coupon < = 11.50% 94 5,108,980.44 2.31
11.50% < Gross Coupon < = 11.75% 132 9,209,714.50 4.17
11.75% < Gross Coupon < = 12.00% 103 6,284,239.46 2.85
12.00% < Gross Coupon < = 12.25% 68 3,783,250.64 1.71
12.25% < Gross Coupon < = 12.50% 66 3,392,016.19 1.54
12.50% < Gross Coupon < = 12.75% 82 3,894,042.32 1.76
12.75% < Gross Coupon < = 13.00% 57 3,018,402.99 1.37
13.00% < Gross Coupon < = 13.25% 40 2,057,396.81 0.93
13.25% < Gross Coupon < = 13.50% 47 2,348,709.91 1.06
13.50% < Gross Coupon < = 13.75% 37 1,738,376.00 0.79
13.75% < Gross Coupon < = 14.00% 39 1,785,599.75 0.81
14.00% < Gross Coupon < = 14.25% 24 1,051,520.44 0.48
14.25% < Gross Coupon < = 14.50% 17 796,089.04 0.36
14.50% < Gross Coupon < = 14.75% 16 862,861.23 0.39
14.75% < Gross Coupon < = 15.00% 8 267,027.86 0.12
15.00% < Gross Coupon < = 15.25% 9 274,905.57 0.12
15.25% < Gross Coupon < = 15.50% 6 230,656.61 0.10
15.75% < Gross Coupon < = 16.00% 3 131,057.14 0.06
16.00% < Gross Coupon < = 16.25% 1 25,347.24 0.01
16.25% < Gross Coupon < = 16.50% 1 16,879.62 0.01
- ----------------------------------------------------------------------------
Total.......... 2687 $220,845,948.40 100.00%
============================================================================
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
108 < Orig. Term < = 120 1 79,597.35 0.04%
168 < Orig. Term < = 180 584 35,209,577.12 15.94%
228 < Orig. Term < = 240 17 944,943.33 0.43%
348 < Orig. Term < = 360 2,085 184,611,830.60 83.59%
- -------------------------------------------------------------------
Total............ 2,687 220,845,948.40 100.00%
===================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
=====================================
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 1997-1 Credit Suisse First Boston Computational Materials
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 1 79,597.35 0.04%
132 < Rem Term < = 144 4 224,985.48 0.10%
144 < Rem Term < = 156 11 495,488.88 0.22%
156 < Rem Term < = 168 32 1,907,413.62 0.86%
168 < Rem Term < = 180 537 32,581,689.14 14.75%
228 < Rem Term < = 240 17 944,943.33 0.43%
312 < Rem Term < = 324 31 2,737,567.52 1.24%
324 < Rem Term < = 336 47 4,572,142.18 2.07%
336 < Rem Term < = 348 217 31,150,661.07 14.11%
348 < Rem Term < = 360 1,790 146,151,459.83 66.18%
- -------------------------------------------------------------------
Total............ 2,687 220,845,948.40 100.00%
===================================================================
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 176 13,316,005.00 6.03%
0 < Age < = 12 2,193 169,125,270.03 76.58%
12 < Age < = 24 227 30,460,149.35 13.79%
24 < Age < = 36 67 5,832,342.76 2.64%
36 < Age < = 48 24 2,112,181.26 0.96%
- -------------------------------------------------------------------
Total............ 2,687 220,845,948.40 100.00%
===================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
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 5 286,730.08 0.13
10.000 < CLTV < = 15.000 7 310,152.51 0.14
15.000 < CLTV < = 20.000 13 561,811.18 0.25
20.000 < CLTV < = 25.000 26 1,114,485.24 0.50
25.000 < CLTV < = 30.000 31 1,469,700.66 0.67
30.000 < CLTV < = 35.000 45 2,453,527.74 1.11
35.000 < CLTV < = 40.000 51 2,825,257.90 1.28
40.000 < CLTV < = 45.000 61 3,446,495.86 1.56
45.000 < CLTV < = 50.000 130 7,792,319.14 3.53
50.000 < CLTV < = 55.000 136 9,454,799.24 4.28
55.000 < CLTV < = 60.000 247 15,183,046.87 6.87
60.000 < CLTV < = 65.000 323 23,021,923.38 10.42
65.000 < CLTV < = 70.000 448 34,798,191.94 15.76
70.000 < CLTV < = 75.000 450 38,076,829.81 17.24
75.000 < CLTV < = 80.000 531 58,889,294.50 26.67
80.000 < CLTV < = 85.000 111 12,655,454.79 5.73
85.000 < CLTV < = 90.000 69 8,310,305.16 3.76
90.000 < CLTV < = 95.000 1 154,661.52 0.07
95.000 < CLTV < = 100.000 2 40,960.88 0.02
- --------------------------------------------------------------------------
Total.................... 2,687 $220,845,948.40 100.00%
==========================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
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 1 082.00 0.00
10,000 < Balance < = 15,000 16 205,313.95 0.09
15,000 < Balance < = 20,000 82 1,526,044.25 0.69
20,000 < Balance < = 25,000 124 2,857,132.38 1.29
25,000 < Balance < = 30,000 140 3,877,166.36 1.76
30,000 < Balance < = 35,000 173 5,714,079.69 2.59
35,000 < Balance < = 40,000 150 5,675,425.52 2.57
40,000 < Balance < = 45,000 134 5,740,172.84 2.60
45,000 < Balance < = 50,000 157 7,509,532.92 3.40
50,000 < Balance < = 55,000 131 6,900,715.02 3.12
55,000 < Balance < = 60,000 148 8,571,360.78 3.88
60,000 < Balance < = 65,000 117 7,371,827.25 3.34
65,000 < Balance < = 70,000 110 7,476,668.05 3.39
70,000 < Balance < = 75,000 95 6,946,486.91 3.15
75,000 < Balance < = 80,000 91 7,108,909.94 3.22
80,000 < Balance < = 85,000 89 7,338,989.19 3.32
85,000 < Balance < = 90,000 77 6,781,820.66 3.07
90,000 < Balance < = 95,000 72 6,671,885.03 3.02
95,000 < Balance < = 100,000 94 9,202,934.49 4.17
100,000 < Balance < = 105,000 65 6,686,023.05 3.03
105,000 < Balance < = 110,000 40 4,302,502.67 1.95
110,000 < Balance < = 115,000 60 6,746,124.95 3.05
115,000 < Balance < = 120,000 47 5,547,841.05 2.51
120,000 < Balance < = 125,000 45 5,527,678.20 2.50
125,000 < Balance < = 130,000 48 6,140,659.81 2.78
130,000 < Balance < = 135,000 32 4,258,616.46 1.93
135,000 < Balance < = 140,000 29 3,995,806.73 1.81
140,000 < Balance < = 145,000 32 4,575,359.19 2.07
145,000 < Balance < = 150,000 18 2,677,245.00 1.21
150,000 < Balance < = 200,000 111 19,048,461.15 8.63
200,000 < Balance < = 250,000 81 17,841,074.64 8.08
250,000 < Balance < = 300,000 35 9,548,511.25 4.32
300,000 < Balance < = 350,000 19 6,127,708.04 2.77
350,000 < Balance < = 400,000 13 4,940,439.76 2.24
400,000 < Balance < = 450,000 4 1,682,386.02 0.76
450,000 < Balance < = 500,000 4 1,924,987.47 0.87
550,000 < Balance < = 600,000 1 563,000.00 0.25
600,000 < Balance < = 650,000 2 1,234,975.73 0.56
- --------------------------------------------------------------------------
Total.................... 2687 $220,845,948.40 100.00%
==========================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AR 9 264,844.59 0.12
AZ 107 7,334,376.30 3.32
CA 814 94,361,508.16 42.73
CO 93 7,274,330.54 3.29
CT 13 1,109,257.25 0.50
DC 9 687,359.75 0.31
DE 7 275,188.42 0.12
FL 204 11,980,915.69 5.43
GA 73 5,020,666.07 2.27
HI 40 7,847,044.42 3.55
IA 5 161,801.17 0.07
ID 17 1,093,140.01 0.49
IL 169 12,179,969.85 5.52
IN 129 5,444,719.45 2.47
KS 10 598,730.57 0.27
KY 26 1,103,709.43 0.50
LA 15 1,078,770.97 0.49
MA 21 1,493,148.15 0.68
MD 29 1,957,710.14 0.89
ME 2 98,721.46 0.04
MI 97 5,531,124.08 2.50
MN 25 1,813,858.76 0.82
MO 47 2,183,054.87 0.99
MS 9 358,087.50 0.16
MT 5 367,751.62 0.17
NC 60 3,105,999.74 1.41
NE 5 296,845.62 0.13
NH 3 261,393.93 0.12
NJ 17 1,482,981.67 0.67
NM 13 939,386.25 0.43
NV 34 3,112,029.96 1.41
NY 63 5,865,535.06 2.66
OH 79 4,578,501.03 2.07
OK 8 270,381.90 0.12
OR 91 7,248,141.88 3.28
PA 39 2,222,006.31 1.01
RI 7 533,830.53 0.24
SC 33 1,458,071.50 0.66
SD 1 34,089.75 0.02
TN 8 387,658.19 0.18
TX 89 5,532,796.43 2.51
UT 63 5,185,345.71 2.35
VA 24 1,625,866.26 0.74
WA 60 4,528,446.36 2.05
WI 10 312,086.48 0.14
WV 3 107,513.87 0.05
WY 2 137,250.75 0.06
- --------------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
==========================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 2367 195,492,327.50 88.52
Manufactured Housing 16 773,523.03 0.35
PUD 21 2,727,159.58 1.23
Townhouses 8 341,530.48 0.15
Condominiums 60 4,509,945.26 2.04
2-4 Family 192 15,238,246.71 6.90
Mobile Home 2 108,976.60 0.05
Other 21 1,654,239.24 0.75
- --------------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2353 201,564,407.42 91.27
Non Owner Occ. 334 19,281,540.98 8.73
- --------------------------------------------------------------------------
Total.................. 2687 $220,845,948.40 100.00%
==========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 2642 219,040,620.08 99.18
2 45 1,805,328.32 0.82
- --------------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
Amortization
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 2549 208,950,791.11 94.61
Partially Amortizing 138 11,895,157.29 5.39
- --------------------------------------------------------------------------
Total.................. 2687 $220,845,948.40 100.00%
==========================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
NO 1128 91,722,654.74 41.53
YES 1559 129,123,293.66 58.47
- --------------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
==========================================================================
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
ACCREDITED 2 97,192.47 0.04
ADMIRAL 14 1,290,934.68 0.58
AMRESCO 406 26,075,624.76 11.81
BNC 392 26,785,278.49 12.13
FIRST COLONY 36 3,532,445.93 1.60
INVESTAID 46 3,383,844.04 1.53
LONG BEACH 82 9,968,073.82 4.51
NATIONAL 44 3,487,761.22 1.58
NEW CENTURY 493 42,811,201.40 19.39
OPTION ONE 222 16,013,401.78 7.25
PROVIDIAN 397 45,938,371.46 20.80
QUALITY 444 32,275,750.85 14.61
UNITED LENDI 4 537,498.36 0.24
WAYERHAEUSER 105 8,648,569.14 3.92
- --------------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
==========================================================================
PAG CODES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 602 63,076,652.79 28.56
2 903 81,271,214.04 36.80
3 546 40,225,434.65 18.21
4 228 13,484,292.42 6.11
5 402 22,300,759.74 10.10
Missing 6 487,594.76 0.22
- -----------------------------------------------------------------
Total.......... 2687 $220,845,948.40 100.00%
=================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
5/6 148 13,194,249.92 5.97
FIXED 2539 207,651,698.48 94.03
- --------------------------------------------------------------------------
Total.................. 2687 $220,845,948.40 100.00%
==========================================================================
FOLLOWING STRATIFICATOINS PERTAIN SOLELY TO THE 5/25 ADJUSTIBLE RATE LOANS
WHICH ARE INCLUDED IN THR GROUP ONE COLLATERAL.
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
10/01/01 3 $207,826.06 01.58
11/01/01 14 $1,343,941.43 10.19
12/01/01 40 $4,081,749.12 30.94
01/01/02 49 $4,554,404.22 34.52
02/01/02 35 $1,989,629.09 15.08
03/01/02 7 $1,016,700.00 07.71
- --------------------------------------------------------------------------
Total........ 148 $13,194,249.92 100.00%
==========================================================================
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
4.5 < Margin < = 5.0 1 45,978.08 0.35
5.0 < Margin < = 5.5 12 1,329,031.55 10.07
5.5 < Margin < = 6.0 28 2,661,626.37 20.17
6.0 < Margin < = 6.5 34 3,293,212.23 24.96
6.5 < Margin < = 7.0 23 1,771,027.62 13.42
7.0 < Margin < = 7.5 21 1,267,596.55 9.61
7.5 < Margin < = 8.0 17 1,728,997.07 13.10
8.0 < Margin < = 8.5 10 761,919.46 5.77
8.5 < Margin < = 9.0 2 334,860.99 2.54
- --------------------------------------------------------------------------
Total................. 148 $ 13,194,249.92 100.00%
==========================================================================
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 1997-1 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 2 108,267.15 0.82
13.500 < LIFE CAP < = 14.000 2 184,586.66 1.40
14.000 < LIFE CAP < = 14.500 3 290,985.09 2.21
14.500 < LIFE CAP < = 15.000 5 610,136.39 4.62
15.000 < LIFE CAP < = 15.500 8 775,970.32 5.88
15.500 < LIFE CAP < = 16.000 23 2,255,879.53 17.10
16.000 < LIFE CAP < = 16.500 9 1,419,542.09 10.76
16.500 < LIFE CAP < = 17.000 21 2,322,408.12 17.60
17.000 < LIFE CAP < = 17.500 16 1,595,235.69 12.09
17.500 < LIFE CAP < = 18.000 10 810,650.35 6.14
18.000 < LIFE CAP < = 18.500 8 442,659.27 3.35
18.500 < LIFE CAP < = 19.000 11 892,080.85 6.76
19.000 < LIFE CAP < = 19.500 6 247,059.31 1.87
19.500 < LIFE CAP < = 20.000 6 436,663.54 3.31
20.000 < LIFE CAP < = 20.500 5 285,281.43 2.16
20.500 < LIFE CAP < = 21.000 8 285,846.32 2.17
21.000 < LIFE CAP < = 21.500 2 102,222.87 0.77
21.500 < LIFE CAP < = 22.000 2 88,186.71 0.67
22.000 < LIFE CAP < = 22.500 1 40,588.23 0.31
- ---------------------------------------------------------------------------
Total................. 148 $ 13,194,249.92 100.00%
===========================================================================
LOA SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
6.500 < Life Floor < = 7.000 2 108,267.15 0.82
7.000 < Life Floor < = 7.500 2 184,586.66 1.40
7.500 < Life Floor < = 8.000 3 290,985.09 2.21
8.000 < Life Floor < = 8.500 7 906,563.27 6.87
8.500 < Life Floor < = 9.000 17 1,734,568.47 13.15
9.000 < Life Floor < = 9.500 18 2,161,919.46 16.39
9.500 < Life Floor < = 10.000 21 2,378,178.40 18.02
10.000 < Life Floor < = 10.500 15 1,613,733.19 12.23
10.500 < Life Floor < = 11.000 13 946,158.48 7.17
11.000 < Life Floor < = 11.500 7 287,098.21 2.18
11.500 < Life Floor < = 12.000 11 991,166.30 7.51
12.000 < Life Floor < = 12.500 7 311,667.28 2.36
12.500 < Life Floor < = 13.000 7 477,232.40 3.62
13.000 < Life Floor < = 13.500 5 285,281.43 2.16
13.500 < Life Floor < = 14.000 8 285,846.32 2.17
14.000 < Life Floor < = 14.500 2 102,222.87 0.77
14.500 < Life Floor < = 15.000 2 88,186.71 0.67
15.000 < Life Floor < = 15.500 1 40,588.23 0.31
- --------------------------------------------------------------------------
Total................. 148 $13,194,249.92 100.00%
==========================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
- --------------------------------------------------------------------------------
- AMRESCO 1997-1
- Cut Off Date of Tape is 3/1/97
- ARM COLLATERAL
- $306,064,443.90
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 2,879
Index: 6 Month LIBOR
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $306,064,443.90
Aggregate Original Principal Balance: $306,406,636.00
Weighted Average Coupon (Gross): 9.809%
Gross Coupon Range: 4.510% - 15.875%
Weighted Average Margin (Gross): 6.103%
Gross Margin Range: 2.875% - 9.760%
Weighted Average Life Cap (Gross): 16.205%
Gross Life Cap Range: 11.510% - 22.875%
Weighted Average Life Floor (Gross): 9.783%
Gross Life Floor Range: 4.625% - 15.875%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $106,309.29
Average Original Principal Balance: $106,428.15
Maximum Unpaid Principal Balance: $1,000,000.00
Minimum Unpaid Principal Balance: $15,196.16
Maximum Original Principal Balance: $1,000,000.00
Minimum Original Principal Balance: $15,200.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 356.512
Stated Rem Term Range: 173.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru): 1.963
Age Range: 0.000 - 31.000
Weighted Average Original Term: 358.475
Original Term Range: 180.000 - 360.000
Weighted Average Combined LTV: 72.954
Combined LTV Range: 4.491% - 100.000%
Weighted Average Periodic Interest Cap: 1.116%
Periodic Interest Cap Range: 1.000% - 3.500%
Weighted Average Months to Interest Roll: 16.483
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 1997-1 Credit Suisse First Boston Computational Materials
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
0.00% < Gross Coupon < = 5.00% 3 368,630.84 0.12
5.50% < Gross Coupon < = 6.00% 7 966,279.88 0.32
6.00% < Gross Coupon < = 6.50% 15 1,721,374.56 0.56
6.50% < Gross Coupon < = 7.00% 27 4,984,473.92 1.63
7.00% < Gross Coupon < = 7.50% 44 6,481,552.14 2.12
7.50% < Gross Coupon < = 7.75% 43 5,972,238.48 1.95
7.75% < Gross Coupon < = 8.00% 66 9,396,922.85 3.07
8.00% < Gross Coupon < = 8.25% 77 11,105,491.89 3.63
8.25% < Gross Coupon < = 8.50% 103 12,990,736.62 4.24
8.50% < Gross Coupon < = 8.75% 151 19,060,558.72 6.23
8.75% < Gross Coupon < = 9.00% 179 23,181,376.60 7.57
9.00% < Gross Coupon < = 9.25% 163 18,129,714.21 5.92
9.25% < Gross Coupon < = 9.50% 205 24,870,468.19 8.13
9.50% < Gross Coupon < = 9.75% 206 25,275,534.57 8.26
9.75% < Gross Coupon < = 10.00% 215 22,959,028.02 7.50
10.00% < Gross Coupon < = 10.25% 154 14,160,582.68 4.63
10.25% < Gross Coupon < = 10.50% 159 17,344,678.78 5.67
10.50% < Gross Coupon < = 10.75% 177 16,603,976.87 5.42
10.75% < Gross Coupon < = 11.00% 202 19,651,519.85 6.42
11.00% < Gross Coupon < = 11.25% 96 7,856,869.04 2.57
11.25% < Gross Coupon < = 11.50% 113 9,648,777.89 3.15
11.50% < Gross Coupon < = 11.75% 86 6,739,333.44 2.20
11.75% < Gross Coupon < = 12.00% 93 6,198,579.37 2.03
12.00% < Gross Coupon < = 12.25% 49 3,827,954.33 1.25
12.25% < Gross Coupon < = 12.50% 41 3,146,217.92 1.03
12.50% < Gross Coupon < = 12.75% 39 2,345,164.05 0.77
12.75% < Gross Coupon < = 13.00% 35 3,116,412.33 1.02
13.00% < Gross Coupon < = 13.25% 24 1,376,646.23 0.45
13.25% < Gross Coupon < = 13.50% 22 1,355,010.68 0.44
13.50% < Gross Coupon < = 13.75% 19 1,046,961.72 0.34
13.75% < Gross Coupon < = 14.00% 13 726,397.41 0.24
14.00% < Gross Coupon < = 14.25% 22 1,416,014.16 0.46
14.25% < Gross Coupon < = 14.50% 12 802,811.28 0.26
14.50% < Gross Coupon < = 14.75% 5 223,135.86 0.07
14.75% < Gross Coupon < = 15.00% 10 720,627.87 0.24
15.00% < Gross Coupon < = 15.25% 1 53,200.00 0.02
15.50% < Gross Coupon < = 15.75% 2 176,198.06 0.06
15.75% < Gross Coupon < = 16.00% 1 62,992.59 0.02
- ----------------------------------------------------------------------------
Total.......... 2879 $306,064,443.90 100.00%
============================================================================
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
168 < Orig. Term < = 180 46 2,592,240.25 0.85%
348 < Orig. Term < = 360 2,833 303,472,203.65 99.15%
- -------------------------------------------------------------------
Total............ 2,879 306,064,443.90 100.00%
===================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
168 < Rem Term < = 180 46 2,592,240.25 0.85%
324 < Rem Term < = 336 1 425,880.78 0.14%
336 < Rem Term < = 348 2 176,725.61 0.06%
348 < Rem Term < = 360 2,830 302,869,597.26 98.96%
- -------------------------------------------------------------------
Total............ 2,879 306,064,443.90 100.00%
===================================================================
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 328 31,184,558.09 10.19%
0 < Age < = 12 2,549 274,355,646.58 89.64%
12 < Age < = 24 1 98,358.45 0.03%
24 < Age < = 36 1 425,880.78 0.14%
- -------------------------------------------------------------------
Total............ 2,879 306,064,443.90 100.00%
===================================================================
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
0.000 < CLTV < = 5.000 1 74,733.61 0.02
5.000 < CLTV < = 10.000 1 19,985.03 0.01
15.000 < CLTV < = 20.000 4 248,692.91 0.08
20.000 < CLTV < = 25.000 6 231,845.59 0.08
25.000 < CLTV < = 30.000 13 665,590.38 0.22
30.000 < CLTV < = 35.000 18 1,460,727.72 0.48
35.000 < CLTV < = 40.000 24 1,433,790.83 0.47
40.000 < CLTV < = 45.000 46 3,278,325.54 1.07
45.000 < CLTV < = 50.000 84 8,052,640.00 2.63
50.000 < CLTV < = 55.000 86 5,841,817.20 1.91
55.000 < CLTV < = 60.000 205 18,859,645.63 6.16
60.000 < CLTV < = 65.000 336 31,585,334.56 10.32
65.000 < CLTV < = 70.000 522 48,013,137.77 15.69
70.000 < CLTV < = 75.000 597 66,255,829.66 21.65
75.000 < CLTV < = 80.000 602 74,199,320.11 24.24
80.000 < CLTV < = 85.000 115 15,423,682.28 5.04
85.000 < CLTV < = 90.000 216 30,093,753.54 9.83
90.000 < CLTV < = 95.000 1 138,110.37 0.05
95.000 < CLTV < = 100.000 2 187,481.17 0.06
- --------------------------------------------------------------------------
Total.................... 2,879 $306,064,443.90 100.00%
==========================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
2.5 < Margin < = 3.0 2 832,784.73 0.27
3.0 < Margin < = 3.5 1 34,435.86 0.01
3.5 < Margin < = 4.0 4 1,114,854.96 0.36
4.0 < Margin < = 4.5 61 7,249,857.93 2.37
4.5 < Margin < = 5.0 262 32,444,273.78 10.60
5.0 < Margin < = 5.5 555 62,875,522.70 20.54
5.5 < Margin < = 6.0 481 54,403,649.58 17.78
6.0 < Margin < = 6.5 509 53,436,184.54 17.46
6.5 < Margin < = 7.0 441 43,588,693.37 14.24
7.0 < Margin < = 7.5 298 28,034,039.59 9.16
7.5 < Margin < = 8.0 186 15,707,964.33 5.13
8.0 < Margin < = 8.5 46 3,655,777.45 1.19
8.5 < Margin < = 9.0 23 2,044,398.38 0.67
9.0 < Margin < = 9.5 9 584,682.37 0.19
9.5 < Margin < = 10.0 1 57,324.33 0.02
- --------------------------------------------------------------------------
Total................. 2,879 $306,064,443.90 100.00%
==========================================================================
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
11.500 < LIFE CAP < = 12.000 3 368,630.84 0.12
12.000 < LIFE CAP < = 12.500 5 381,615.32 0.12
12.500 < LIFE CAP < = 13.000 19 3,140,358.98 1.03
13.000 < LIFE CAP < = 13.500 37 4,825,508.09 1.58
13.500 < LIFE CAP < = 14.000 62 9,332,147.24 3.05
14.000 < LIFE CAP < = 14.500 137 17,700,734.30 5.78
14.500 < LIFE CAP < = 15.000 249 34,592,985.43 11.30
15.000 < LIFE CAP < = 15.500 296 39,466,006.81 12.89
15.500 < LIFE CAP < = 16.000 399 45,051,321.68 14.72
16.000 < LIFE CAP < = 16.500 344 36,613,839.76 11.96
16.500 < LIFE CAP < = 17.000 388 40,503,795.59 13.23
17.000 < LIFE CAP < = 17.500 240 21,614,832.35 7.06
17.500 < LIFE CAP < = 18.000 254 20,467,111.27 6.69
18.000 < LIFE CAP < = 18.500 127 9,367,949.07 3.06
18.500 < LIFE CAP < = 19.000 101 8,453,530.12 2.76
19.000 < LIFE CAP < = 19.500 63 4,465,494.86 1.46
19.500 < LIFE CAP < = 20.000 58 3,385,453.26 1.11
20.000 < LIFE CAP < = 20.500 36 2,430,133.30 0.79
20.500 < LIFE CAP < = 21.000 23 1,489,794.91 0.49
21.000 < LIFE CAP < = 21.500 23 1,341,146.82 0.44
21.500 < LIFE CAP < = 22.000 12 847,111.31 0.28
22.000 < LIFE CAP < = 22.500 1 53,200.00 0.02
22.500 < LIFE CAP < = 23.000 2 171,742.59 0.06
- --------------------------------------------------------------------------
Total................. 2879 $306,064,443.90 100.00%
==========================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
04/01/97 19 $3,304,267.98 01.08
05/01/97 94 $13,185,009.14 04.31
06/01/97 163 $20,730,215.16 06.77
07/01/97 322 $40,525,658.75 13.24
08/01/97 369 $41,309,177.42 13.50
09/01/97 133 $13,310,684.76 04.35
07/01/98 2 $353,824.15 00.12
08/01/98 3 $129,998.61 00.04
09/01/98 8 $388,838.82 00.13
10/01/98 27 $3,239,160.16 01.06
11/01/98 123 $12,705,816.86 04.15
12/01/98 181 $19,882,239.73 06.50
01/01/99 392 $39,004,565.80 12.74
02/01/99 264 $26,654,997.62 08.71
03/01/99 185 $17,026,167.09 05.56
04/01/99 1 $27,884.29 00.01
06/01/99 1 $33,944.20 00.01
09/01/99 1 $141,845.79 00.05
10/01/99 2 $152,201.31 00.05
11/01/99 3 $499,044.78 00.16
12/01/99 14 $1,403,113.90 00.46
01/01/00 207 $20,215,131.66 06.60
02/01/00 339 $29,800,859.92 09.74
03/01/00 26 $2,039,796.00 00.67
- --------------------------------------------------------------------------
Total........ 2879 $306,064,443.90 100.00%
==========================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
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
15,000 < Balance < = 20,000 33 607,105.35 0.20
20,000 < Balance < = 25,000 60 1,384,511.56 0.45
25,000 < Balance < = 30,000 76 2,121,594.76 0.69
30,000 < Balance < = 35,000 105 3,452,143.08 1.13
35,000 < Balance < = 40,000 103 3,906,664.87 1.28
40,000 < Balance < = 45,000 115 4,907,052.92 1.60
45,000 < Balance < = 50,000 115 5,544,348.09 1.81
50,000 < Balance < = 55,000 133 6,975,945.72 2.28
55,000 < Balance < = 60,000 147 8,488,697.15 2.77
60,000 < Balance < = 65,000 134 8,430,660.17 2.75
65,000 < Balance < = 70,000 131 8,865,808.15 2.90
70,000 < Balance < = 75,000 108 7,883,982.85 2.58
75,000 < Balance < = 80,000 95 7,408,699.65 2.42
80,000 < Balance < = 85,000 112 9,271,546.52 3.03
85,000 < Balance < = 90,000 120 10,545,447.33 3.45
90,000 < Balance < = 95,000 83 7,705,976.37 2.52
95,000 < Balance < = 100,000 97 9,463,038.96 3.09
100,000 < Balance < = 105,000 84 8,624,812.69 2.82
105,000 < Balance < = 110,000 74 7,997,694.85 2.61
110,000 < Balance < = 115,000 61 6,868,315.66 2.24
115,000 < Balance < = 120,000 62 7,286,867.81 2.38
120,000 < Balance < = 125,000 42 5,163,094.76 1.69
125,000 < Balance < = 130,000 57 7,279,884.09 2.38
130,000 < Balance < = 135,000 58 7,706,695.92 2.52
135,000 < Balance < = 140,000 47 6,471,564.14 2.11
140,000 < Balance < = 145,000 39 5,574,559.61 1.82
145,000 < Balance < = 150,000 35 5,164,301.90 1.69
150,000 < Balance < = 200,000 273 47,471,055.59 15.51
200,000 < Balance < = 250,000 128 28,569,795.69 9.33
250,000 < Balance < = 300,000 69 18,674,629.74 6.10
300,000 < Balance < = 350,000 28 9,137,244.43 2.99
350,000 < Balance < = 400,000 17 6,312,943.77 2.06
400,000 < Balance < = 450,000 9 3,856,664.21 1.26
450,000 < Balance < = 500,000 13 6,288,398.97 2.05
500,000 < Balance < = 550,000 5 2,609,607.45 0.85
550,000 < Balance < = 600,000 1 590,922.67 0.19
600,000 < Balance < = 650,000 2 1,272,659.34 0.42
650,000 < Balance < = 700,000 2 1,398,615.58 0.46
700,000 < Balance < = 750,000 3 2,179,764.89 0.71
750,000 < Balance 3 2,601,126.64 0.85
- --------------------------------------------------------------------------
Total.................... 2879 $306,064,443.90 100.00%
==========================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AR 7 643,307.26 0.21
AZ 79 9,842,754.96 3.22
CA 547 82,449,487.84 26.94
CO 128 12,290,354.51 4.02
CT 57 7,452,707.85 2.44
DC 15 1,245,374.95 0.41
DE 6 710,215.90 0.23
FL 156 12,859,097.95 4.20
GA 67 7,535,036.35 2.46
HI 52 11,116,138.02 3.63
IA 10 638,168.08 0.21
ID 22 1,681,027.53 0.55
IL 268 27,729,411.45 9.06
IN 61 3,359,080.44 1.10
KS 10 576,623.03 0.19
KY 26 1,407,634.60 0.46
LA 5 287,288.89 0.09
MA 98 11,467,545.10 3.75
MD 60 6,573,656.95 2.15
ME 10 621,833.34 0.20
MI 88 8,644,251.28 2.82
MN 46 3,954,446.44 1.29
MO 72 3,418,451.66 1.12
MT 5 352,895.55 0.12
NC 67 4,640,066.39 1.52
ND 1 57,400.00 0.02
NE 3 143,066.25 0.05
NH 27 2,508,497.07 0.82
NJ 48 6,308,051.38 2.06
NM 31 2,828,619.02 0.92
NV 56 6,933,835.40 2.27
NY 41 4,591,115.05 1.50
OH 103 6,511,427.43 2.13
OK 2 53,466.06 0.02
OR 92 9,192,143.01 3.00
PA 44 3,853,177.77 1.26
RI 35 3,237,583.97 1.06
SC 26 1,650,210.30 0.54
SD 1 44,587.29 0.01
TN 7 453,727.07 0.15
TX 90 6,405,052.99 2.09
UT 83 8,863,442.94 2.90
VA 53 5,468,439.71 1.79
VT 3 313,982.62 0.10
WA 88 9,096,644.42 2.97
WI 78 5,694,494.31 1.86
WV 3 225,839.38 0.07
WY 2 132,784.14 0.04
- --------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
==========================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 2442 259,658,040.66 84.84
2-4 Family 185 18,625,681.11 6.09
Manufactured Housing 9 542,920.77 0.18
PUD 108 15,330,430.75 5.01
Townhouses 7 441,165.78 0.14
Condominiums 123 11,049,343.74 3.61
Mobile Home 1 68,217.53 0.02
Other 4 348,643.56 0.11
- --------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2548 278,990,616.64 91.15
Non Owner Occ. 331 27,073,827.26 8.85
- --------------------------------------------------------------------------
Total.................. 2879 $306,064,443.90 100.00%
==========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 2874 305,862,379.85 99.93
2 5 202,064.05 0.07
- --------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
==========================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
LOAN SUMMARY STRATIFIED BY
Amortization
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 2878 305,767,153.88 99.90
Partially Amortizing 1 297,290.02 0.10
- --------------------------------------------------------------------------
Total.................. 2879 $306,064,443.90 100.00%
==========================================================================
PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
NO 1322 135,469,281.02 44.26
YES 1557 170,595,162.88 55.74
- --------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
==========================================================================
LOAN ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
ACCREDITED 22 1,839,594.36 0.60
ADMIRAL 31 3,538,033.83 1.16
AMRESCO 499 44,807,392.05 14.64
BNC 263 25,002,882.54 8.17
FIRST COLONY 26 3,280,460.62 1.07
INVESTAID 7 754,293.93 0.25
LONG BEACH 132 22,156,600.53 7.24
NATIONAL MORT. 46 4,855,163.36 1.59
NEW CENTURY 112 19,317,565.24 6.31
OPTION ONE 1107 113,544,954.69 37.10
QUALITY 235 20,822,189.30 6.80
UNITED LENDING 3 905,419.98 0.30
WAYERHAEUSER 396 45,239,893.47 14.78
- --------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
==========================================================================
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 1997-1 Credit Suisse First Boston Computational Materials
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Type of Loan Loans Balance Balance
1 155 20,469,293.55 6.69
2 1135 142,513,867.47 46.56
3 766 77,397,237.13 25.29
4 227 19,406,578.61 6.34
5 574 43,640,547.62 14.26
Missing 22 2,636,919.52 0.86
- -----------------------------------------------------------------
Total.......... 2879 $306,064,443.90 100.00%
=================================================================
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
6 M LIBOR 1099 131,939,132.43 43.11
2/6 M LIBOR 1185 119,385,608.84 39.01
3/6 M LIBOR 595 54,739,702.63 17.89
- --------------------------------------------------------------------------
Total.................. 2879 $306,064,443.90 100.00%
==========================================================================
NOTE: Percentages may not add to 100.00% due to rounding.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT FIRST
SUISSE BOSTON
<PAGE>
Exhibit 99.3
AMRESCO 1997-1
Home Equity ABS
Yield Tables
Amount ($MM) Class Price Talk
- --------------------------------------------------------------------------------
$38,800,000 A-1 Fixed Rate Certificates [TBA %]
$35,200,000 A-2 Fixed Rate Certificates [TBA %]
$44,700,000 A-3 Fixed Rate Certificates [TBA %]
$19,400,000 A-4 Fixed Rate Certificates [TBA %]
$12,000,000 A-5 Fixed Rate Certificates [TBA %]
$13,400,000 A-6 Fixed Rate Certificates [TBA %]
$20,110,000 A-7 Fixed Rate Locked Out [TBA %]
Certificates
$20,400,000 A-8 Fixed Rate Certificates [TBA %]
$281,480,000 A-9 Floating Rate Certificates 1 MO. LIBOR + [ ]
$6,490,000 M-1F Fixed Rate Certificates [TBA %]
$12,970,000 M-2F Fixed Rate Certificates [TBA %]
$12,390,000 B-1F Fixed Rate Certificates [TBA %]
$26,730,000 M-1A Floating Rate Certificates 1 MO. LIBOR + [ ]
$24,920,000 M-2A Floating Rate Certificates 2 MO. LIBOR + [ ]
$36,000,000 B-1A Floating Rate Certificates 3 MO. LIBOR + [ ]
- --------------------------------------------------------------------------------
The information herein has been provided solely by MORGAN STANLEY 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 MORGAN STANLEY'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, MORGAN STANLEY 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. MORGAN STANLEY
(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, MORGAN STANLEY 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, commoditie or derivative instruments should be consumated without
the purchaser first having received a prospectus and, if required, prospectus
supplement. Finally, MORGAN STANLEY has not addressed the legal, accounting and
tax implications of the analysis with respect to you, and MORGAN STANLEY
strongly urges you to seek advice from our counsel, accountant and tax advisor.
- --------------------------------------------------------------------------------
** This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Morgan Stanley representative immediately.***
<PAGE>
CURRENT BALANCE: $38,800,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $38,800,000.00 YIELD TABLE DATE: 03/27/97
BOND A1 PRICE-YIELD TABLE
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.00% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 6.495 6.65 6.59 6.551 6.442 6.406 6.374
99-24+ 6.455 6.621 6.556 6.514 6.397 6.358 6.324
99-25 6.414 6.591 6.522 6.478 6.353 6.311 6.275
99-25+ 6.373 6.562 6.488 6.441 6.308 6.263 6.225
99-26 6.332 6.532 6.454 6.404 6.263 6.216 6.175
99-26+ 6.291 6.502 6.42 6.367 6.218 6.169 6.126
99-27 6.25 6.473 6.386 6.331 6.174 6.121 6.076
99-27+ 6.21 6.443 6.352 6.294 6.129 6.074 6.027
99-28 6.169 6.414 6.318 6.257 6.084 6.027 5.977
99-28+ 6.128 6.384 6.284 6.22 6.04 5.98 5.928
99-29 6.087 6.355 6.25 6.184 5.995 5.932 5.878
99-29+ 6.046 6.325 6.216 6.147 5.951 5.885 5.828
99-30 6.006 6.296 6.183 6.11 5.906 5.838 5.779
99-30+ 5.965 6.266 6.149 6.074 5.861 5.791 5.73
99-31 5.924 6.237 6.115 6.037 5.817 5.744 5.68
99-31+ 5.884 6.207 6.081 6 5.772 5.696 5.631
100-00 5.843 6.178 6.047 5.964 5.728 5.649 5.581
100-00+ 5.802 6.148 6.013 5.927 5.683 5.602 5.532
100-01 5.762 6.119 5.98 5.891 5.639 5.555 5.483
100-01+ 5.721 6.089 5.946 5.854 5.595 5.508 5.433
100-02 5.681 6.06 5.912 5.817 5.55 5.461 5.384
100-02+ 5.64 6.031 5.878 5.781 5.506 5.414 5.335
100-03 5.599 6.001 5.844 5.744 5.461 5.367 5.285
100-03+ 5.559 5.972 5.811 5.708 5.417 5.32 5.236
100-04 5.518 5.942 5.777 5.671 5.373 5.273 5.187
100-04+ 5.478 5.913 5.743 5.635 5.328 5.226 5.138
100-05 5.437 5.884 5.71 5.598 5.284 5.179 5.089
100-05+ 5.397 5.854 5.676 5.562 5.24 5.132 5.039
100-06 5.356 5.825 5.642 5.525 5.195 5.085 4.99
100-06+ 5.316 5.796 5.609 5.489 5.151 5.038 4.941
100-07 5.276 5.766 5.575 5.452 5.107 4.992 4.892
100-07+ 5.235 5.737 5.541 5.416 5.063 4.945 4.843
First Payment 0.078 0.078 0.078 0.078 0.078 0.078 0.078
Average Life 0.399 0.555 0.482 0.444 0.364 0.343 0.327
Last Payment 0.744 1.078 0.911 0.828 0.661 0.578 0.578
Mod.Dur. @ 100-00 0.382 0.528 0.46 0.425 0.349 0.33 0.315
Accrued Interest 0.502 0.502 0.502 0.502 0.502 0.502 0.502
</TABLE>
** This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Morgan Stanley representative immediately.***
<PAGE>
CURRENT BALANCE: $35,200,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $35,200,000.00 YIELD TABLE DATE: 03/27/97
BOND A2 PRICE-YIELD TABLE
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.00% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 6.484 6.544 6.522 6.507 6.462 6.447 6.432
99-24+ 6.469 6.534 6.509 6.493 6.445 6.429 6.412
99-25 6.453 6.523 6.497 6.48 6.427 6.41 6.392
99-25+ 6.438 6.513 6.485 6.466 6.41 6.392 6.373
99-26 6.423 6.502 6.472 6.453 6.393 6.373 6.353
99-26+ 6.407 6.492 6.46 6.439 6.375 6.355 6.333
99-27 6.392 6.481 6.448 6.426 6.358 6.336 6.313
99-27+ 6.376 6.471 6.436 6.412 6.341 6.318 6.294
99-28 6.361 6.46 6.423 6.398 6.324 6.299 6.274
99-28+ 6.346 6.45 6.411 6.385 6.306 6.281 6.254
99-29 6.33 6.44 6.399 6.371 6.289 6.263 6.235
99-29+ 6.315 6.429 6.386 6.358 6.272 6.244 6.215
99-30 6.299 6.419 6.374 6.344 6.255 6.226 6.195
99-30+ 6.284 6.408 6.362 6.331 6.237 6.207 6.175
99-31 6.269 6.398 6.349 6.317 6.22 6.189 6.156
99-31+ 6.253 6.387 6.337 6.304 6.203 6.17 6.136
100-00 6.238 6.377 6.325 6.29 6.186 6.152 6.116
100-00+ 6.223 6.366 6.313 6.277 6.169 6.134 6.097
100-01 6.207 6.356 6.3 6.263 6.151 6.115 6.077
100-01+ 6.192 6.346 6.288 6.25 6.134 6.097 6.057
100-02 6.177 6.335 6.276 6.236 6.117 6.078 6.038
100-02+ 6.161 6.325 6.264 6.223 6.1 6.06 6.018
100-03 6.146 6.314 6.251 6.209 6.083 6.042 5.998
100-03+ 6.131 6.304 6.239 6.196 6.065 6.023 5.979
100-04 6.115 6.293 6.227 6.182 6.048 6.005 5.959
100-04+ 6.1 6.283 6.215 6.169 6.031 5.986 5.94
100-05 6.085 6.273 6.202 6.155 6.014 5.968 5.92
100-05+ 6.069 6.262 6.19 6.142 5.997 5.95 5.9
100-06 6.054 6.252 6.178 6.128 5.98 5.931 5.881
100-06+ 6.039 6.241 6.166 6.115 5.962 5.913 5.861
100-07 6.023 6.231 6.153 6.101 5.945 5.895 5.841
100-07+ 6.008 6.221 6.141 6.088 5.928 5.876 5.822
First Payment 0.744 1.078 0.911 0.828 0.661 0.578 0.578
Average Life 1.08 1.62 1.364 1.235 0.96 0.895 0.836
Last Payment 1.411 2.161 1.828 1.661 1.244 1.161 1.078
Mod.Dur. @ 100-00 1.012 1.49 1.266 1.151 0.903 0.845 0.79
Accrued Interest 0.475 0.475 0.475 0.475 0.475 0.475 0.475
</TABLE>
** This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Morgan Stanley representative immediately.***
<PAGE>
CURRENT BALANCE: $44,700,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $44,700,000.00 YIELD TABLE DATE: 03/27/97
BOND A3 PRICE-YIELD TABLE
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.00% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 6.691 6.726 6.713 6.704 6.677 6.668 6.659
99-24+ 6.682 6.721 6.706 6.697 6.667 6.658 6.648
99-25 6.674 6.715 6.699 6.689 6.658 6.647 6.636
99-25+ 6.665 6.709 6.692 6.681 6.648 6.637 6.625
99-26 6.656 6.703 6.686 6.674 6.638 6.626 6.614
99-26+ 6.648 6.697 6.679 6.666 6.629 6.616 6.603
99-27 6.639 6.692 6.672 6.659 6.619 6.606 6.592
99-27+ 6.631 6.686 6.665 6.651 6.609 6.595 6.581
99-28 6.622 6.68 6.658 6.644 6.6 6.585 6.57
99-28+ 6.613 6.674 6.651 6.636 6.59 6.574 6.559
99-29 6.605 6.669 6.645 6.629 6.581 6.564 6.547
99-29+ 6.596 6.663 6.638 6.621 6.571 6.554 6.536
99-30 6.588 6.657 6.631 6.614 6.561 6.543 6.525
99-30+ 6.579 6.651 6.624 6.606 6.552 6.533 6.514
99-31 6.571 6.645 6.617 6.599 6.542 6.522 6.503
99-31+ 6.562 6.64 6.611 6.591 6.532 6.512 6.492
100-00 6.553 6.634 6.604 6.584 6.523 6.502 6.481
100-00+ 6.545 6.628 6.597 6.576 6.513 6.491 6.47
100-01 6.536 6.622 6.59 6.569 6.503 6.481 6.459
100-01+ 6.528 6.617 6.583 6.561 6.494 6.471 6.447
100-02 6.519 6.611 6.576 6.554 6.484 6.46 6.436
100-02+ 6.511 6.605 6.57 6.546 6.474 6.45 6.425
100-03 6.502 6.599 6.563 6.539 6.465 6.44 6.414
100-03+ 6.493 6.594 6.556 6.531 6.455 6.429 6.403
100-04 6.485 6.588 6.549 6.524 6.446 6.419 6.392
100-04+ 6.476 6.582 6.542 6.516 6.436 6.408 6.381
100-05 6.468 6.576 6.536 6.508 6.426 6.398 6.37
100-05+ 6.459 6.571 6.529 6.501 6.417 6.388 6.359
100-06 6.451 6.565 6.522 6.493 6.407 6.377 6.348
100-06+ 6.442 6.559 6.515 6.486 6.397 6.367 6.337
100-07 6.434 6.553 6.508 6.479 6.388 6.357 6.326
100-07+ 6.425 6.548 6.502 6.471 6.378 6.346 6.315
First Payment 1.411 2.161 1.828 1.661 1.244 1.161 1.078
Average Life 2 3.085 2.562 2.303 1.763 1.632 1.519
Last Payment 2.578 4.161 3.411 2.994 2.328 2.161 1.994
Mod.Dur. @ 100-00 1.814 2.698 2.28 2.068 1.613 1.499 1.401
Accrued Interest 0.484 0.484 0.484 0.484 0.484 0.484 0.484
</TABLE>
** This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Morgan Stanley representative immediately.***
<PAGE>
CURRENT BALANCE: $19,400,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $19,400,000.00 YIELD TABLE DATE: 03/27/97
BOND A4 PRICE-YIELD TABLE
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.00% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 6.89 6.918 6.908 6.901 6.878 6.871 6.864
99-24+ 6.884 6.914 6.904 6.896 6.871 6.864 6.856
99-25 6.878 6.91 6.899 6.891 6.864 6.857 6.848
99-25+ 6.872 6.906 6.894 6.886 6.858 6.849 6.841
99-26 6.866 6.902 6.89 6.881 6.851 6.842 6.833
99-26+ 6.86 6.899 6.885 6.876 6.844 6.835 6.825
99-27 6.854 6.895 6.881 6.871 6.837 6.827 6.817
99-27+ 6.848 6.891 6.876 6.866 6.83 6.82 6.809
99-28 6.842 6.887 6.872 6.861 6.823 6.813 6.801
99-28+ 6.836 6.883 6.867 6.856 6.817 6.805 6.793
99-29 6.831 6.879 6.862 6.851 6.81 6.798 6.786
99-29+ 6.825 6.876 6.858 6.845 6.803 6.791 6.778
99-30 6.819 6.872 6.853 6.84 6.796 6.783 6.77
99-30+ 6.813 6.868 6.849 6.835 6.789 6.776 6.762
99-31 6.807 6.864 6.844 6.83 6.783 6.769 6.754
99-31+ 6.801 6.86 6.84 6.825 6.776 6.761 6.746
100-00 6.795 6.856 6.835 6.82 6.769 6.754 6.738
100-00+ 6.789 6.853 6.831 6.815 6.762 6.747 6.731
100-01 6.783 6.849 6.826 6.81 6.755 6.739 6.723
100-01+ 6.777 6.845 6.821 6.805 6.749 6.732 6.715
100-02 6.771 6.841 6.817 6.8 6.742 6.725 6.707
100-02+ 6.765 6.837 6.812 6.795 6.735 6.717 6.699
100-03 6.76 6.834 6.808 6.79 6.728 6.71 6.691
100-03+ 6.754 6.83 6.803 6.785 6.721 6.703 6.684
100-04 6.748 6.826 6.799 6.78 6.715 6.695 6.676
100-04+ 6.742 6.822 6.794 6.775 6.708 6.688 6.668
100-05 6.736 6.818 6.79 6.769 6.701 6.681 6.66
100-05+ 6.73 6.814 6.785 6.764 6.694 6.674 6.652
100-06 6.724 6.811 6.78 6.759 6.687 6.666 6.644
100-06+ 6.718 6.807 6.776 6.754 6.681 6.659 6.637
100-07 6.712 6.803 6.771 6.749 6.674 6.652 6.629
100-07+ 6.706 6.799 6.767 6.744 6.667 6.644 6.621
First Payment 2.578 4.161 3.411 2.994 2.328 2.161 1.994
Average Life 2.998 4.942 4.031 3.57 2.569 2.375 2.202
Last Payment 3.578 5.911 4.744 4.244 2.828 2.661 2.411
Mod.Dur. @ 100-00 2.626 4.06 3.412 3.068 2.284 2.125 1.982
Accrued Interest 0.496 0.496 0.496 0.496 0.496 0.496 0.496
</TABLE>
** This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Morgan Stanley representative immediately.***
<PAGE>
CURRENT BALANCE: $12,000,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $12,000,000.00 YIELD TABLE DATE: 03/27/97
BOND A5 PRICE-YIELD TABLE
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.00% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.099 7.123 7.114 7.108 7.087 7.076 7.069
99-24+ 7.095 7.12 7.11 7.104 7.082 7.069 7.063
99-25 7.09 7.117 7.107 7.1 7.076 7.063 7.056
99-25+ 7.085 7.114 7.103 7.096 7.071 7.057 7.049
99-26 7.081 7.111 7.099 7.092 7.065 7.051 7.042
99-26+ 7.076 7.108 7.096 7.088 7.06 7.044 7.036
99-27 7.072 7.105 7.092 7.084 7.054 7.038 7.029
99-27+ 7.067 7.102 7.089 7.08 7.049 7.032 7.022
99-28 7.062 7.099 7.085 7.076 7.043 7.025 7.016
99-28+ 7.058 7.096 7.081 7.072 7.038 7.019 7.009
99-29 7.053 7.093 7.078 7.068 7.032 7.013 7.002
99-29+ 7.048 7.09 7.074 7.064 7.027 7.007 6.995
99-30 7.044 7.087 7.071 7.06 7.021 7 6.989
99-30+ 7.039 7.084 7.067 7.056 7.016 6.994 6.982
99-31 7.035 7.081 7.064 7.052 7.011 6.988 6.975
99-31+ 7.03 7.078 7.06 7.048 7.005 6.981 6.969
100-00 7.025 7.075 7.056 7.044 7 6.975 6.962
100-00+ 7.021 7.072 7.053 7.04 6.994 6.969 6.955
100-01 7.016 7.069 7.049 7.036 6.989 6.963 6.948
100-01+ 7.012 7.066 7.046 7.032 6.983 6.956 6.942
100-02 7.007 7.063 7.042 7.028 6.978 6.95 6.935
100-02+ 7.002 7.06 7.038 7.024 6.972 6.944 6.928
100-03 6.998 7.057 7.035 7.02 6.967 6.938 6.922
100-03+ 6.993 7.054 7.031 7.016 6.961 6.931 6.915
100-04 6.989 7.051 7.028 7.012 6.956 6.925 6.908
100-04+ 6.984 7.048 7.024 7.008 6.95 6.919 6.902
100-05 6.979 7.045 7.021 7.004 6.945 6.913 6.895
100-05+ 6.975 7.043 7.017 7 6.94 6.906 6.888
100-06 6.97 7.04 7.013 6.996 6.934 6.9 6.881
100-06+ 6.966 7.037 7.01 6.992 6.929 6.894 6.875
100-07 6.961 7.034 7.006 6.988 6.923 6.888 6.868
100-07+ 6.956 7.031 7.003 6.984 6.918 6.881 6.861
First Payment 3.578 5.911 4.744 4.244 2.828 2.661 2.411
Average Life 3.997 6.829 5.383 4.735 3.294 2.822 2.618
Last Payment 4.494 8.244 6.078 5.328 3.828 2.994 2.828
Mod.Dur. @ 100-00 3.374 5.245 4.338 3.899 2.846 2.48 2.316
Accrued Interest 0.51 0.51 0.51 0.51 0.51 0.51 0.51
</TABLE>
** This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Morgan Stanley representative immediately.***
<PAGE>
CURRENT BALANCE: $13,400,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $13,400,000.00 YIELD TABLE DATE: 03/27/97
BOND A6 PRICE-YIELD TABLE
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.00% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.254 7.274 7.268 7.262 7.245 7.239 7.228
99-24+ 7.25 7.272 7.265 7.259 7.241 7.234 7.223
99-25 7.246 7.269 7.262 7.256 7.237 7.23 7.217
99-25+ 7.242 7.267 7.26 7.252 7.232 7.225 7.212
99-26 7.239 7.265 7.257 7.249 7.228 7.22 7.206
99-26+ 7.235 7.262 7.254 7.246 7.224 7.216 7.201
99-27 7.231 7.26 7.251 7.243 7.22 7.211 7.195
99-27+ 7.227 7.258 7.248 7.24 7.215 7.206 7.19
99-28 7.224 7.255 7.246 7.237 7.211 7.201 7.184
99-28+ 7.22 7.253 7.243 7.233 7.207 7.197 7.179
99-29 7.216 7.251 7.24 7.23 7.202 7.192 7.173
99-29+ 7.212 7.248 7.237 7.227 7.198 7.187 7.168
99-30 7.209 7.246 7.235 7.224 7.194 7.182 7.162
99-30+ 7.205 7.244 7.232 7.221 7.189 7.178 7.157
99-31 7.201 7.241 7.229 7.217 7.185 7.173 7.151
99-31+ 7.197 7.239 7.226 7.214 7.181 7.168 7.146
100-00 7.194 7.236 7.223 7.211 7.177 7.164 7.141
100-00+ 7.19 7.234 7.221 7.208 7.172 7.159 7.135
100-01 7.186 7.232 7.218 7.205 7.168 7.154 7.13
100-01+ 7.183 7.229 7.215 7.202 7.164 7.149 7.124
100-02 7.179 7.227 7.212 7.198 7.159 7.145 7.119
100-02+ 7.175 7.225 7.21 7.195 7.155 7.14 7.113
100-03 7.171 7.222 7.207 7.192 7.151 7.135 7.108
100-03+ 7.168 7.22 7.204 7.189 7.147 7.131 7.102
100-04 7.164 7.218 7.201 7.186 7.142 7.126 7.097
100-04+ 7.16 7.215 7.199 7.183 7.138 7.121 7.091
100-05 7.156 7.213 7.196 7.179 7.134 7.117 7.086
100-05+ 7.153 7.211 7.193 7.176 7.129 7.112 7.08
100-06 7.149 7.208 7.19 7.173 7.125 7.107 7.075
100-06+ 7.145 7.206 7.187 7.17 7.121 7.102 7.07
100-07 7.142 7.204 7.185 7.167 7.117 7.098 7.064
100-07+ 7.138 7.201 7.182 7.164 7.112 7.093 7.059
First Payment 4.494 8.244 6.078 5.328 3.828 2.994 2.828
Average Life 5.145 9.403 7.523 6.31 4.359 3.91 3.308
Last Payment 5.994 9.744 8.911 8.161 4.994 4.494 4.078
Mod.Dur. @ 100-00 4.161 6.619 5.609 4.903 3.621 3.298 2.846
Accrued Interest 0.52 0.52 0.52 0.52 0.52 0.52 0.52
</TABLE>
** This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Morgan Stanley representative immediately.***
<PAGE>
CURRENT BALANCE: $20,106,000.00 DATED DATE: 03/01/97
COUPON: TBA% amresco71 FIRST PAYMENT: 04/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $20,106,000.00 YIELD TABLE DATE: 03/27/97
BOND A7 PRICE-YIELD TABLE
PREPAYMENT SPEED
*** ALL TABLES TO CALL ***
<TABLE>
<CAPTION>
PRICING SPEED
<S> <C> <C> <C> <C> <C> <C> <C>
GR I (HEP) 23.00% 15.00% 18.00% 20.00% 26.00% 28.00% 30.00%
GR II (CPR) 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
PRICE
99-24 7.68 7.688 7.685 7.684 7.675 7.672 7.667
99-24+ 7.677 7.686 7.683 7.681 7.672 7.669 7.664
99-25 7.675 7.683 7.681 7.679 7.669 7.665 7.66
99-25+ 7.672 7.681 7.678 7.676 7.666 7.662 7.657
99-26 7.669 7.679 7.676 7.673 7.663 7.659 7.653
99-26+ 7.666 7.676 7.673 7.671 7.66 7.655 7.649
99-27 7.663 7.674 7.671 7.668 7.657 7.652 7.646
99-27+ 7.661 7.672 7.668 7.666 7.654 7.649 7.642
99-28 7.658 7.669 7.666 7.663 7.651 7.645 7.639
99-28+ 7.655 7.667 7.663 7.66 7.648 7.642 7.635
99-29 7.652 7.665 7.661 7.658 7.645 7.639 7.632
99-29+ 7.649 7.662 7.658 7.655 7.641 7.635 7.628
99-30 7.647 7.66 7.656 7.653 7.638 7.632 7.624
99-30+ 7.644 7.658 7.653 7.65 7.635 7.629 7.621
99-31 7.641 7.655 7.651 7.648 7.632 7.626 7.617
99-31+ 7.638 7.653 7.648 7.645 7.629 7.622 7.614
100-00 7.635 7.651 7.646 7.642 7.626 7.619 7.61
100-00+ 7.633 7.648 7.643 7.64 7.623 7.616 7.607
100-01 7.63 7.646 7.641 7.637 7.62 7.612 7.603
100-01+ 7.627 7.644 7.638 7.635 7.617 7.609 7.599
100-02 7.624 7.641 7.636 7.632 7.614 7.606 7.596
100-02+ 7.621 7.639 7.633 7.629 7.611 7.602 7.592
100-03 7.619 7.637 7.631 7.627 7.608 7.599 7.589
100-03+ 7.616 7.634 7.628 7.624 7.604 7.596 7.585
100-04 7.613 7.632 7.626 7.622 7.601 7.592 7.582
100-04+ 7.61 7.63 7.623 7.619 7.598 7.589 7.578
100-05 7.607 7.627 7.621 7.617 7.595 7.586 7.574
100-05+ 7.605 7.625 7.618 7.614 7.592 7.583 7.571
100-06 7.602 7.623 7.616 7.611 7.589 7.579 7.567
100-06+ 7.599 7.62 7.614 7.609 7.586 7.576 7.564
100-07 7.596 7.618 7.611 7.606 7.583 7.573 7.56
100-07+ 7.594 7.616 7.609 7.604 7.58 7.569 7.557
First Payment 5.994 9.744 8.911 8.161 4.994 4.494 4.078
Average Life 7.558 9.744 8.911 8.407 6.658 6.111 5.542
Last Payment 7.911 9.744 8.911 8.411 7.494 7.328 7.078
Mod.Dur. @ 100-00 5.554 6.662 6.264 6.011 5.035 4.702 4.347
Accrued Interest 0.549 0.549 0.549 0.549 0.549 0.549 0.549
</TABLE>
** This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Morgan Stanley representative immediately.***
<PAGE>
- --------------------------------------------------------------------------------
- AMRESCO 1997-1
- Cut Off Date of Tape is 3/1/97
- FIXED RATE COLLATERAL
- $220,845,948.40
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 2,687
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $220,845,948.40
Aggregate Original Principal Balance: $222,002,155.00
Weighted Average Gross Coupon: 10.107%
Gross Coupon Range: 6.840% - 16.330%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $82,190.53
Average Original Principal Balance: $82,620.82
Maximum Unpaid Principal Balance: $617,951.41
Minimum Unpaid Principal Balance: $82.00
Maximum Original Principal Balance: $624,000.00
Minimum Original Principal Balance: $10,500.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 325.179
Stated Rem Term Range: 15.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru Date): 5.524
Age Range: 0.000 - 38.000
Weighted Average Original Term: 330.703
Original Term Range: 120.000 - 360.000
Weighted Average Combined LTV: 69.702
Combined LTV Range: 6.667% - 100.000%
- --------------------------------------------------------------------------------
<PAGE>
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
6.50% < Gross Coupon < = 7.00% 2 108,267.15 0.05
7.00% < Gross Coupon < = 7.50% 4 645,624.86 0.29
7.50% < Gross Coupon < = 7.75% 30 4,459,517.67 2.02
7.75% < Gross Coupon < = 8.00% 62 9,031,052.76 4.09
8.00% < Gross Coupon < = 8.25% 86 13,353,943.87 6.05
8.25% < Gross Coupon < = 8.50% 106 13,063,888.35 5.92
8.50% < Gross Coupon < = 8.75% 108 10,906,997.05 4.94
8.75% < Gross Coupon < = 9.00% 150 14,625,290.61 6.62
9.00% < Gross Coupon < = 9.25% 104 9,708,899.70 4.40
9.25% < Gross Coupon < = 9.50% 138 14,821,714.07 6.71
9.50% < Gross Coupon < = 9.75% 141 11,682,014.90 5.29
9.75% < Gross Coupon < = 10.00% 221 19,523,391.03 8.84
10.00% < Gross Coupon < = 10.25% 96 8,279,252.23 3.75
10.25% < Gross Coupon < = 10.50% 166 12,385,566.47 5.61
10.50% < Gross Coupon < = 10.75% 170 13,192,470.63 5.97
10.75% < Gross Coupon < = 11.00% 172 13,217,413.86 5.98
11.00% < Gross Coupon < = 11.25% 81 5,563,569.43 2.52
11.25% < Gross Coupon < = 11.50% 94 5,108,980.44 2.31
11.50% < Gross Coupon < = 11.75% 132 9,209,714.50 4.17
11.75% < Gross Coupon < = 12.00% 103 6,284,239.46 2.85
12.00% < Gross Coupon < = 12.25% 68 3,783,250.64 1.71
12.25% < Gross Coupon < = 12.50% 66 3,392,016.19 1.54
12.50% < Gross Coupon < = 12.75% 82 3,894,042.32 1.76
12.75% < Gross Coupon < = 13.00% 57 3,018,402.99 1.37
13.00% < Gross Coupon < = 13.25% 40 2,057,396.81 0.93
13.25% < Gross Coupon < = 13.50% 47 2,348,709.91 1.06
13.50% < Gross Coupon < = 13.75% 37 1,738,376.00 0.79
13.75% < Gross Coupon < = 14.00% 39 1,785,599.75 0.81
14.00% < Gross Coupon < = 14.25% 24 1,051,520.44 0.48
14.25% < Gross Coupon < = 14.50% 17 796,089.04 0.36
14.50% < Gross Coupon < = 14.75% 16 862,861.23 0.39
14.75% < Gross Coupon < = 15.00% 8 267,027.86 0.12
15.00% < Gross Coupon < = 15.25% 9 274,905.57 0.12
15.25% < Gross Coupon < = 15.50% 6 230,656.61 0.10
15.75% < Gross Coupon < = 16.00% 3 131,057.14 0.06
16.00% < Gross Coupon < = 16.25% 1 25,347.24 0.01
16.25% < Gross Coupon < = 16.50% 1 16,879.62 0.01
- ----------------------------------------------------------------------------
Total.......... 2687 $220,845,948.40 100.00%
============================================================================
<PAGE>
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
108 < Orig. Term < = 120 1 79,597.35 0.04%
168 < Orig. Term < = 180 584 35,209,577.12 15.94%
228 < Orig. Term < = 240 17 944,943.33 0.43%
348 < Orig. Term < = 360 2,085 184,611,830.60 83.59%
- -------------------------------------------------------------------
Total............ 2,687 220,845,948.40 100.00%
===================================================================
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 1 79,597.35 0.04%
132 < Rem Term < = 144 4 224,985.48 0.10%
144 < Rem Term < = 156 11 495,488.88 0.22%
156 < Rem Term < = 168 32 1,907,413.62 0.86%
168 < Rem Term < = 180 537 32,581,689.14 14.75%
228 < Rem Term < = 240 17 944,943.33 0.43%
312 < Rem Term < = 324 31 2,737,567.52 1.24%
324 < Rem Term < = 336 47 4,572,142.18 2.07%
336 < Rem Term < = 348 217 31,150,661.07 14.11%
348 < Rem Term < = 360 1,790 146,151,459.83 66.18%
- -------------------------------------------------------------------
Total............ 2,687 220,845,948.40 100.00%
===================================================================
<PAGE>
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 176 13,316,005.00 6.03%
0 < Age < = 12 2,193 169,125,270.03 76.58%
12 < Age < = 24 227 30,460,149.35 13.79%
24 < Age < = 36 67 5,832,342.76 2.64%
36 < Age < = 48 24 2,112,181.26 0.96%
- -------------------------------------------------------------------
Total............ 2,687 220,845,948.40 100.00%
===================================================================
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 5 286,730.08 0.13
10.000 < CLTV < = 15.000 7 310,152.51 0.14
15.000 < CLTV < = 20.000 13 561,811.18 0.25
20.000 < CLTV < = 25.000 26 1,114,485.24 0.50
25.000 < CLTV < = 30.000 31 1,469,700.66 0.67
30.000 < CLTV < = 35.000 45 2,453,527.74 1.11
35.000 < CLTV < = 40.000 51 2,825,257.90 1.28
40.000 < CLTV < = 45.000 61 3,446,495.86 1.56
45.000 < CLTV < = 50.000 130 7,792,319.14 3.53
50.000 < CLTV < = 55.000 136 9,454,799.24 4.28
55.000 < CLTV < = 60.000 247 15,183,046.87 6.87
60.000 < CLTV < = 65.000 323 23,021,923.38 10.42
65.000 < CLTV < = 70.000 448 34,798,191.94 15.76
70.000 < CLTV < = 75.000 450 38,076,829.81 17.24
75.000 < CLTV < = 80.000 531 58,889,294.50 26.67
80.000 < CLTV < = 85.000 111 12,655,454.79 5.73
85.000 < CLTV < = 90.000 69 8,310,305.16 3.76
90.000 < CLTV < = 95.000 1 154,661.52 0.07
95.000 < CLTV < = 100.000 2 40,960.88 0.02
- ----------------------------------------------------------------------------
Total.................... 2,687 $220,845,948.40 100.00%
============================================================================
<PAGE>
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 1 082.00 0.00
10,000 < Balance < = 15,000 16 205,313.95 0.09
15,000 < Balance < = 20,000 82 1,526,044.25 0.69
20,000 < Balance < = 25,000 124 2,857,132.38 1.29
25,000 < Balance < = 30,000 140 3,877,166.36 1.76
30,000 < Balance < = 35,000 173 5,714,079.69 2.59
35,000 < Balance < = 40,000 150 5,675,425.52 2.57
40,000 < Balance < = 45,000 134 5,740,172.84 2.60
45,000 < Balance < = 50,000 157 7,509,532.92 3.40
50,000 < Balance < = 55,000 131 6,900,715.02 3.12
55,000 < Balance < = 60,000 148 8,571,360.78 3.88
60,000 < Balance < = 65,000 117 7,371,827.25 3.34
65,000 < Balance < = 70,000 110 7,476,668.05 3.39
70,000 < Balance < = 75,000 95 6,946,486.91 3.15
75,000 < Balance < = 80,000 91 7,108,909.94 3.22
80,000 < Balance < = 85,000 89 7,338,989.19 3.32
85,000 < Balance < = 90,000 77 6,781,820.66 3.07
90,000 < Balance < = 95,000 72 6,671,885.03 3.02
95,000 < Balance < = 100,000 94 9,202,934.49 4.17
100,000 < Balance < = 105,000 65 6,686,023.05 3.03
105,000 < Balance < = 110,000 40 4,302,502.67 1.95
110,000 < Balance < = 115,000 60 6,746,124.95 3.05
115,000 < Balance < = 120,000 47 5,547,841.05 2.51
120,000 < Balance < = 125,000 45 5,527,678.20 2.50
125,000 < Balance < = 130,000 48 6,140,659.81 2.78
130,000 < Balance < = 135,000 32 4,258,616.46 1.93
135,000 < Balance < = 140,000 29 3,995,806.73 1.81
140,000 < Balance < = 145,000 32 4,575,359.19 2.07
145,000 < Balance < = 150,000 18 2,677,245.00 1.21
150,000 < Balance < = 200,000 111 19,048,461.15 8.63
200,000 < Balance < = 250,000 81 17,841,074.64 8.08
250,000 < Balance < = 300,000 35 9,548,511.25 4.32
300,000 < Balance < = 350,000 19 6,127,708.04 2.77
350,000 < Balance < = 400,000 13 4,940,439.76 2.24
400,000 < Balance < = 450,000 4 1,682,386.02 0.76
450,000 < Balance < = 500,000 4 1,924,987.47 0.87
550,000 < Balance < = 600,000 1 563,000.00 0.25
600,000 < Balance < = 650,000 2 1,234,975.73 0.56
- ----------------------------------------------------------------------------
Total.................... 2687 $220,845,948.40 100.00%
============================================================================
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AR 9 264,844.59 0.12
AZ 107 7,334,376.30 3.32
CA 814 94,361,508.16 42.73
CO 93 7,274,330.54 3.29
CT 13 1,109,257.25 0.50
DC 9 687,359.75 0.31
DE 7 275,188.42 0.12
FL 204 11,980,915.69 5.43
GA 73 5,020,666.07 2.27
HI 40 7,847,044.42 3.55
IA 5 161,801.17 0.07
ID 17 1,093,140.01 0.49
IL 169 12,179,969.85 5.52
IN 129 5,444,719.45 2.47
KS 10 598,730.57 0.27
KY 26 1,103,709.43 0.50
LA 15 1,078,770.97 0.49
MA 21 1,493,148.15 0.68
MD 29 1,957,710.14 0.89
ME 2 98,721.46 0.04
MI 97 5,531,124.08 2.50
MN 25 1,813,858.76 0.82
MO 47 2,183,054.87 0.99
MS 9 358,087.50 0.16
MT 5 367,751.62 0.17
NC 60 3,105,999.74 1.41
NE 5 296,845.62 0.13
NH 3 261,393.93 0.12
NJ 17 1,482,981.67 0.67
NM 13 939,386.25 0.43
NV 34 3,112,029.96 1.41
NY 63 5,865,535.06 2.66
OH 79 4,578,501.03 2.07
OK 8 270,381.90 0.12
OR 91 7,248,141.88 3.28
PA 39 2,222,006.31 1.01
RI 7 533,830.53 0.24
SC 33 1,458,071.50 0.66
SD 1 34,089.75 0.02
TN 8 387,658.19 0.18
TX 89 5,532,796.43 2.51
UT 63 5,185,345.71 2.35
VA 24 1,625,866.26 0.74
WA 60 4,528,446.36 2.05
WI 10 312,086.48 0.14
WV 3 107,513.87 0.05
WY 2 137,250.75 0.06
- --------------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
==========================================================================
<PAGE>
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 2367 195,492,327.50 88.52
Manufactured Housing 16 773,523.03 0.35
PUD 21 2,727,159.58 1.23
Townhouses 8 341,530.48 0.15
Condominiums 60 4,509,945.26 2.04
2-4 Family 192 15,238,246.71 6.90
Mobile Home 2 108,976.60 0.05
Other 21 1,654,239.24 0.75
- --------------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2353 201,564,407.42 91.27
Non Owner Occ. 334 19,281,540.98 8.73
- --------------------------------------------------------------------------
Total.................. 2687 $220,845,948.40 100.00%
==========================================================================
<PAGE>
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 2642 219,040,620.08 99.18
2 45 1,805,328.32 0.82
- --------------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
Amortization
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 2549 208,950,791.11 94.61
Partially Amortizing 138 11,895,157.29 5.39
- --------------------------------------------------------------------------
Total.................. 2687 $220,845,948.40 100.00%
==========================================================================
PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
NO 1128 91,722,654.74 41.53
YES 1559 129,123,293.66 58.47
- --------------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
==========================================================================
<PAGE>
ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
ACCREDITED 2 97,192.47 0.04
ADMIRAL 14 1,290,934.68 0.58
AMRESCO 406 26,075,624.76 11.81
BNC 392 26,785,278.49 12.13
FIRST COLONY 36 3,532,445.93 1.60
INVESTAID 46 3,383,844.04 1.53
LONG BEACH 82 9,968,073.82 4.51
NATIONAL 44 3,487,761.22 1.58
NEW CENTURY 493 42,811,201.40 19.39
OPTION ONE 222 16,013,401.78 7.25
PROVIDIAN 397 45,938,371.46 20.80
QUALITY 444 32,275,750.85 14.61
UNITED LENDI 4 537,498.36 0.24
WAYERHAEUSER 105 8,648,569.14 3.92
- --------------------------------------------------------------------------
Total............... 2687 $220,845,948.40 100.00%
==========================================================================
PAG CODES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 602 63,076,652.79 28.56
2 903 81,271,214.04 36.80
3 546 40,225,434.65 18.21
4 228 13,484,292.42 6.11
5 402 22,300,759.74 10.10
Missing 6 487,594.76 0.22
- -----------------------------------------------------------------
Total.......... 2687 $220,845,948.40 100.00%
=================================================================
<PAGE>
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
5/6 148 13,194,249.92 5.97
FIXED 2539 207,651,698.48 94.03
- --------------------------------------------------------------------------
Total.................. 2687 $220,845,948.40 100.00%
==========================================================================
<PAGE>
FOLLOWING STRATIFICATOINS PERTAIN SOLELY TO THE 5/25 ADJUSTIBLE RATE LOANS WHICH
ARE INCLUDED IN THR GROUP ONE COLLATERAL.
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
10/01/01 3 $207,826.06 01.58
11/01/01 14 $1,343,941.43 10.19
12/01/01 40 $4,081,749.12 30.94
01/01/02 49 $4,554,404.22 34.52
02/01/02 35 $1,989,629.09 15.08
03/01/02 7 $1,016,700.00 07.71
- --------------------------------------------------------------------------
Total........ 148 $13,194,249.92 100.00%
==========================================================================
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
4.5 < Margin < = 5.0 1 45,978.08 0.35
5.0 < Margin < = 5.5 12 1,329,031.55 10.07
5.5 < Margin < = 6.0 28 2,661,626.37 20.17
6.0 < Margin < = 6.5 34 3,293,212.23 24.96
6.5 < Margin < = 7.0 23 1,771,027.62 13.42
7.0 < Margin < = 7.5 21 1,267,596.55 9.61
7.5 < Margin < = 8.0 17 1,728,997.07 13.10
8.0 < Margin < = 8.5 10 761,919.46 5.77
8.5 < Margin < = 9.0 2 334,860.99 2.54
- --------------------------------------------------------------------------
Total................. 148 $ 13,194,249.92 100.00%
==========================================================================
<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 2 108,267.15 0.82
13.500 < LIFE CAP < = 14.000 2 184,586.66 1.40
14.000 < LIFE CAP < = 14.500 3 290,985.09 2.21
14.500 < LIFE CAP < = 15.000 5 610,136.39 4.62
15.000 < LIFE CAP < = 15.500 8 775,970.32 5.88
15.500 < LIFE CAP < = 16.000 23 2,255,879.53 17.10
16.000 < LIFE CAP < = 16.500 9 1,419,542.09 10.76
16.500 < LIFE CAP < = 17.000 21 2,322,408.12 17.60
17.000 < LIFE CAP < = 17.500 16 1,595,235.69 12.09
17.500 < LIFE CAP < = 18.000 10 810,650.35 6.14
18.000 < LIFE CAP < = 18.500 8 442,659.27 3.35
18.500 < LIFE CAP < = 19.000 11 892,080.85 6.76
19.000 < LIFE CAP < = 19.500 6 247,059.31 1.87
19.500 < LIFE CAP < = 20.000 6 436,663.54 3.31
20.000 < LIFE CAP < = 20.500 5 285,281.43 2.16
20.500 < LIFE CAP < = 21.000 8 285,846.32 2.17
21.000 < LIFE CAP < = 21.500 2 102,222.87 0.77
21.500 < LIFE CAP < = 22.000 2 88,186.71 0.67
22.000 < LIFE CAP < = 22.500 1 40,588.23 0.31
- --------------------------------------------------------------------------
Total................. 148 $ 13,194,249.92 100.00%
==========================================================================
<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
6.500 < Life Floor < = 7.000 2 108,267.15 0.82
7.000 < Life Floor < = 7.500 2 184,586.66 1.40
7.500 < Life Floor < = 8.000 3 290,985.09 2.21
8.000 < Life Floor < = 8.500 7 906,563.27 6.87
8.500 < Life Floor < = 9.000 17 1,734,568.47 13.15
9.000 < Life Floor < = 9.500 18 2,161,919.46 16.39
9.500 < Life Floor < = 10.000 21 2,378,178.40 18.02
10.000 < Life Floor < = 10.500 15 1,613,733.19 12.23
10.500 < Life Floor < = 11.000 13 946,158.48 7.17
11.000 < Life Floor < = 11.500 7 287,098.21 2.18
11.500 < Life Floor < = 12.000 11 991,166.30 7.51
12.000 < Life Floor < = 12.500 7 311,667.28 2.36
12.500 < Life Floor < = 13.000 7 477,232.40 3.62
13.000 < Life Floor < = 13.500 5 285,281.43 2.16
13.500 < Life Floor < = 14.000 8 285,846.32 2.17
14.000 < Life Floor < = 14.500 2 102,222.87 0.77
14.500 < Life Floor < = 15.000 2 88,186.71 0.67
15.000 < Life Floor < = 15.500 1 40,588.23 0.31
- --------------------------------------------------------------------------
Total................. 148 $13,194,249.92 100.00%
==========================================================================
<PAGE>
- --------------------------------------------------------------------------------
- AMRESCO 1997-1
- Cut Off Date of Tape is 3/1/97
- ARM COLLATERAL
- $306,064,443.90
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 2,879
Index: 6 Month LIBOR
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $306,064,443.90
Aggregate Original Principal Balance: $306,406,636.00
Weighted Average Coupon (Gross): 9.809%
Gross Coupon Range: 4.510% - 15.875%
Weighted Average Margin (Gross): 6.103%
Gross Margin Range: 2.875% - 9.760%
Weighted Average Life Cap (Gross): 16.205%
Gross Life Cap Range: 11.510% - 22.875%
Weighted Average Life Floor (Gross): 9.783%
Gross Life Floor Range: 4.625% - 15.875%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $106,309.29
Average Original Principal Balance: $106,428.15
Maximum Unpaid Principal Balance: $1,000,000.00
Minimum Unpaid Principal Balance: $15,196.16
Maximum Original Principal Balance: $1,000,000.00
Minimum Original Principal Balance: $15,200.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 356.512
Stated Rem Term Range: 173.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru): 1.963
Age Range: 0.000 - 31.000
Weighted Average Original Term: 358.475
Original Term Range: 180.000 - 360.000
Weighted Average Combined LTV: 72.954
Combined LTV Range: 4.491% - 100.000%
Weighted Average Periodic Interest Cap: 1.116%
Periodic Interest Cap Range: 1.000% - 3.500%
Weighted Average Months to Interest Roll: 16.483
Months to Interest Roll Range: 1 - 36
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
- --------------------------------------------------------------------------------
<PAGE>
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
0.00% < Gross Coupon < = 5.00% 3 368,630.84 0.12
5.50% < Gross Coupon < = 6.00% 7 966,279.88 0.32
6.00% < Gross Coupon < = 6.50% 15 1,721,374.56 0.56
6.50% < Gross Coupon < = 7.00% 27 4,984,473.92 1.63
7.00% < Gross Coupon < = 7.50% 44 6,481,552.14 2.12
7.50% < Gross Coupon < = 7.75% 43 5,972,238.48 1.95
7.75% < Gross Coupon < = 8.00% 66 9,396,922.85 3.07
8.00% < Gross Coupon < = 8.25% 77 11,105,491.89 3.63
8.25% < Gross Coupon < = 8.50% 103 12,990,736.62 4.24
8.50% < Gross Coupon < = 8.75% 151 19,060,558.72 6.23
8.75% < Gross Coupon < = 9.00% 179 23,181,376.60 7.57
9.00% < Gross Coupon < = 9.25% 163 18,129,714.21 5.92
9.25% < Gross Coupon < = 9.50% 205 24,870,468.19 8.13
9.50% < Gross Coupon < = 9.75% 206 25,275,534.57 8.26
9.75% < Gross Coupon < = 10.00% 215 22,959,028.02 7.50
10.00% < Gross Coupon < = 10.25% 154 14,160,582.68 4.63
10.25% < Gross Coupon < = 10.50% 159 17,344,678.78 5.67
10.50% < Gross Coupon < = 10.75% 177 16,603,976.87 5.42
10.75% < Gross Coupon < = 11.00% 202 19,651,519.85 6.42
11.00% < Gross Coupon < = 11.25% 96 7,856,869.04 2.57
11.25% < Gross Coupon < = 11.50% 113 9,648,777.89 3.15
11.50% < Gross Coupon < = 11.75% 86 6,739,333.44 2.20
11.75% < Gross Coupon < = 12.00% 93 6,198,579.37 2.03
12.00% < Gross Coupon < = 12.25% 49 3,827,954.33 1.25
12.25% < Gross Coupon < = 12.50% 41 3,146,217.92 1.03
12.50% < Gross Coupon < = 12.75% 39 2,345,164.05 0.77
12.75% < Gross Coupon < = 13.00% 35 3,116,412.33 1.02
13.00% < Gross Coupon < = 13.25% 24 1,376,646.23 0.45
13.25% < Gross Coupon < = 13.50% 22 1,355,010.68 0.44
13.50% < Gross Coupon < = 13.75% 19 1,046,961.72 0.34
13.75% < Gross Coupon < = 14.00% 13 726,397.41 0.24
14.00% < Gross Coupon < = 14.25% 22 1,416,014.16 0.46
14.25% < Gross Coupon < = 14.50% 12 802,811.28 0.26
14.50% < Gross Coupon < = 14.75% 5 223,135.86 0.07
14.75% < Gross Coupon < = 15.00% 10 720,627.87 0.24
15.00% < Gross Coupon < = 15.25% 1 53,200.00 0.02
15.50% < Gross Coupon < = 15.75% 2 176,198.06 0.06
15.75% < Gross Coupon < = 16.00% 1 62,992.59 0.02
- ----------------------------------------------------------------------------
Total.......... 2879 $306,064,443.90 100.00%
============================================================================
<PAGE>
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
168 < Orig. Term < = 180 46 2,592,240.25 0.85%
348 < Orig. Term < = 360 2,833 303,472,203.65 99.15%
- -------------------------------------------------------------------
Total............ 2,879 306,064,443.90 100.00%
===================================================================
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
168 < Rem Term < = 180 46 2,592,240.25 0.85%
324 < Rem Term < = 336 1 425,880.78 0.14%
336 < Rem Term < = 348 2 176,725.61 0.06%
348 < Rem Term < = 360 2,830 302,869,597.26 98.96%
- -------------------------------------------------------------------
Total............ 2,879 306,064,443.90 100.00%
===================================================================
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 328 31,184,558.09 10.19%
0 < Age < = 12 2,549 274,355,646.58 89.64%
12 < Age < = 24 1 98,358.45 0.03%
24 < Age < = 36 1 425,880.78 0.14%
- -------------------------------------------------------------------
Total............ 2,879 306,064,443.90 100.00%
===================================================================
<PAGE>
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
0.000 < CLTV < = 5.000 1 74,733.61 0.02
5.000 < CLTV < = 10.000 1 19,985.03 0.01
15.000 < CLTV < = 20.000 4 248,692.91 0.08
20.000 < CLTV < = 25.000 6 231,845.59 0.08
25.000 < CLTV < = 30.000 13 665,590.38 0.22
30.000 < CLTV < = 35.000 18 1,460,727.72 0.48
35.000 < CLTV < = 40.000 24 1,433,790.83 0.47
40.000 < CLTV < = 45.000 46 3,278,325.54 1.07
45.000 < CLTV < = 50.000 84 8,052,640.00 2.63
50.000 < CLTV < = 55.000 86 5,841,817.20 1.91
55.000 < CLTV < = 60.000 205 18,859,645.63 6.16
60.000 < CLTV < = 65.000 336 31,585,334.56 10.32
65.000 < CLTV < = 70.000 522 48,013,137.77 15.69
70.000 < CLTV < = 75.000 597 66,255,829.66 21.65
75.000 < CLTV < = 80.000 602 74,199,320.11 24.24
80.000 < CLTV < = 85.000 115 15,423,682.28 5.04
85.000 < CLTV < = 90.000 216 30,093,753.54 9.83
90.000 < CLTV < = 95.000 1 138,110.37 0.05
95.000 < CLTV < = 100.000 2 187,481.17 0.06
- --------------------------------------------------------------------------
Total.................... 2,879 $306,064,443.90 100.00%
==========================================================================
<PAGE>
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
2.5 < Margin < = 3.0 2 832,784.73 0.27
3.0 < Margin < = 3.5 1 34,435.86 0.01
3.5 < Margin < = 4.0 4 1,114,854.96 0.36
4.0 < Margin < = 4.5 61 7,249,857.93 2.37
4.5 < Margin < = 5.0 262 32,444,273.78 10.60
5.0 < Margin < = 5.5 555 62,875,522.70 20.54
5.5 < Margin < = 6.0 481 54,403,649.58 17.78
6.0 < Margin < = 6.5 509 53,436,184.54 17.46
6.5 < Margin < = 7.0 441 43,588,693.37 14.24
7.0 < Margin < = 7.5 298 28,034,039.59 9.16
7.5 < Margin < = 8.0 186 15,707,964.33 5.13
8.0 < Margin < = 8.5 46 3,655,777.45 1.19
8.5 < Margin < = 9.0 23 2,044,398.38 0.67
9.0 < Margin < = 9.5 9 584,682.37 0.19
9.5 < Margin < = 10.0 1 57,324.33 0.02
- --------------------------------------------------------------------------
Total................. 2,879 $306,064,443.90 100.00%
==========================================================================
<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
11.500 < LIFE CAP < = 12.000 3 368,630.84 0.12
12.000 < LIFE CAP < = 12.500 5 381,615.32 0.12
12.500 < LIFE CAP < = 13.000 19 3,140,358.98 1.03
13.000 < LIFE CAP < = 13.500 37 4,825,508.09 1.58
13.500 < LIFE CAP < = 14.000 62 9,332,147.24 3.05
14.000 < LIFE CAP < = 14.500 137 17,700,734.30 5.78
14.500 < LIFE CAP < = 15.000 249 34,592,985.43 11.30
15.000 < LIFE CAP < = 15.500 296 39,466,006.81 12.89
15.500 < LIFE CAP < = 16.000 399 45,051,321.68 14.72
16.000 < LIFE CAP < = 16.500 344 36,613,839.76 11.96
16.500 < LIFE CAP < = 17.000 388 40,503,795.59 13.23
17.000 < LIFE CAP < = 17.500 240 21,614,832.35 7.06
17.500 < LIFE CAP < = 18.000 254 20,467,111.27 6.69
18.000 < LIFE CAP < = 18.500 127 9,367,949.07 3.06
18.500 < LIFE CAP < = 19.000 101 8,453,530.12 2.76
19.000 < LIFE CAP < = 19.500 63 4,465,494.86 1.46
19.500 < LIFE CAP < = 20.000 58 3,385,453.26 1.11
20.000 < LIFE CAP < = 20.500 36 2,430,133.30 0.79
20.500 < LIFE CAP < = 21.000 23 1,489,794.91 0.49
21.000 < LIFE CAP < = 21.500 23 1,341,146.82 0.44
21.500 < LIFE CAP < = 22.000 12 847,111.31 0.28
22.000 < LIFE CAP < = 22.500 1 53,200.00 0.02
22.500 < LIFE CAP < = 23.000 2 171,742.59 0.06
- --------------------------------------------------------------------------
Total................. 2879 $306,064,443.90 100.00%
==========================================================================
<PAGE>
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
04/01/97 19 $ 3,304,267.98 01.08
05/01/97 94 $ 13,185,009.14 04.31
06/01/97 163 $ 20,730,215.16 06.77
07/01/97 322 $ 40,525,658.75 13.24
08/01/97 369 $ 41,309,177.42 13.50
09/01/97 133 $ 13,310,684.76 04.35
07/01/98 2 $ 353,824.15 00.12
08/01/98 3 $ 129,998.61 00.04
09/01/98 8 $ 388,838.82 00.13
10/01/98 27 $ 3,239,160.16 01.06
11/01/98 123 $ 12,705,816.86 04.15
12/01/98 181 $ 19,882,239.73 06.50
01/01/99 392 $ 39,004,565.80 12.74
02/01/99 264 $ 26,654,997.62 08.71
03/01/99 185 $ 17,026,167.09 05.56
04/01/99 1 $ 27,884.29 00.01
06/01/99 1 $ 33,944.20 00.01
09/01/99 1 $ 141,845.79 00.05
10/01/99 2 $ 152,201.31 00.05
11/01/99 3 $ 499,044.78 00.16
12/01/99 14 $ 1,403,113.90 00.46
01/01/00 207 $ 20,215,131.66 06.60
02/01/00 339 $ 29,800,859.92 09.74
03/01/00 26 $ 2,039,796.00 00.67
- ----------------------------------------------------------------------
Total........ 2879 $ 306,064,443.90 100.00%
======================================================================
<PAGE>
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
15,000 < Balance < = 20,000 33 607,105.35 0.20
20,000 < Balance < = 25,000 60 1,384,511.56 0.45
25,000 < Balance < = 30,000 76 2,121,594.76 0.69
30,000 < Balance < = 35,000 105 3,452,143.08 1.13
35,000 < Balance < = 40,000 103 3,906,664.87 1.28
40,000 < Balance < = 45,000 115 4,907,052.92 1.60
45,000 < Balance < = 50,000 115 5,544,348.09 1.81
50,000 < Balance < = 55,000 133 6,975,945.72 2.28
55,000 < Balance < = 60,000 147 8,488,697.15 2.77
60,000 < Balance < = 65,000 134 8,430,660.17 2.75
65,000 < Balance < = 70,000 131 8,865,808.15 2.90
70,000 < Balance < = 75,000 108 7,883,982.85 2.58
75,000 < Balance < = 80,000 95 7,408,699.65 2.42
80,000 < Balance < = 85,000 112 9,271,546.52 3.03
85,000 < Balance < = 90,000 120 10,545,447.33 3.45
90,000 < Balance < = 95,000 83 7,705,976.37 2.52
95,000 < Balance < = 100,000 97 9,463,038.96 3.09
100,000 < Balance < = 105,000 84 8,624,812.69 2.82
105,000 < Balance < = 110,000 74 7,997,694.85 2.61
110,000 < Balance < = 115,000 61 6,868,315.66 2.24
115,000 < Balance < = 120,000 62 7,286,867.81 2.38
120,000 < Balance < = 125,000 42 5,163,094.76 1.69
125,000 < Balance < = 130,000 57 7,279,884.09 2.38
130,000 < Balance < = 135,000 58 7,706,695.92 2.52
135,000 < Balance < = 140,000 47 6,471,564.14 2.11
140,000 < Balance < = 145,000 39 5,574,559.61 1.82
145,000 < Balance < = 150,000 35 5,164,301.90 1.69
150,000 < Balance < = 200,000 273 47,471,055.59 15.51
200,000 < Balance < = 250,000 128 28,569,795.69 9.33
250,000 < Balance < = 300,000 69 18,674,629.74 6.10
300,000 < Balance < = 350,000 28 9,137,244.43 2.99
350,000 < Balance < = 400,000 17 6,312,943.77 2.06
400,000 < Balance < = 450,000 9 3,856,664.21 1.26
450,000 < Balance < = 500,000 13 6,288,398.97 2.05
500,000 < Balance < = 550,000 5 2,609,607.45 0.85
550,000 < Balance < = 600,000 1 590,922.67 0.19
600,000 < Balance < = 650,000 2 1,272,659.34 0.42
650,000 < Balance < = 700,000 2 1,398,615.58 0.46
700,000 < Balance < = 750,000 3 2,179,764.89 0.71
750,000 < Balance 3 2,601,126.64 0.85
- --------------------------------------------------------------------------
Total.................... 2879 $306,064,443.90 100.00%
==========================================================================
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AR 7 643,307.26 0.21
AZ 79 9,842,754.96 3.22
CA 547 82,449,487.84 26.94
CO 128 12,290,354.51 4.02
CT 57 7,452,707.85 2.44
DC 15 1,245,374.95 0.41
DE 6 710,215.90 0.23
FL 156 12,859,097.95 4.20
GA 67 7,535,036.35 2.46
HI 52 11,116,138.02 3.63
IA 10 638,168.08 0.21
ID 22 1,681,027.53 0.55
IL 268 27,729,411.45 9.06
IN 61 3,359,080.44 1.10
KS 10 576,623.03 0.19
KY 26 1,407,634.60 0.46
LA 5 287,288.89 0.09
MA 98 11,467,545.10 3.75
MD 60 6,573,656.95 2.15
ME 10 621,833.34 0.20
MI 88 8,644,251.28 2.82
MN 46 3,954,446.44 1.29
MO 72 3,418,451.66 1.12
MT 5 352,895.55 0.12
NC 67 4,640,066.39 1.52
ND 1 57,400.00 0.02
NE 3 143,066.25 0.05
NH 27 2,508,497.07 0.82
NJ 48 6,308,051.38 2.06
NM 31 2,828,619.02 0.92
NV 56 6,933,835.40 2.27
NY 41 4,591,115.05 1.50
OH 103 6,511,427.43 2.13
OK 2 53,466.06 0.02
OR 92 9,192,143.01 3.00
PA 44 3,853,177.77 1.26
RI 35 3,237,583.97 1.06
SC 26 1,650,210.30 0.54
SD 1 44,587.29 0.01
TN 7 453,727.07 0.15
TX 90 6,405,052.99 2.09
UT 83 8,863,442.94 2.90
VA 53 5,468,439.71 1.79
VT 3 313,982.62 0.10
WA 88 9,096,644.42 2.97
WI 78 5,694,494.31 1.86
WV 3 225,839.38 0.07
WY 2 132,784.14 0.04
- --------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
==========================================================================
<PAGE>
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 2442 259,658,040.66 84.84
2-4 Family 185 18,625,681.11 6.09
Manufactured Housing 9 542,920.77 0.18
PUD 108 15,330,430.75 5.01
Townhouses 7 441,165.78 0.14
Condominiums 123 11,049,343.74 3.61
Mobile Home 1 68,217.53 0.02
Other 4 348,643.56 0.11
- --------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2548 278,990,616.64 91.15
Non Owner Occ. 331 27,073,827.26 8.85
- --------------------------------------------------------------------------
Total.................. 2879 $306,064,443.90 100.00%
==========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 2874 305,862,379.85 99.93
2 5 202,064.05 0.07
- --------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
==========================================================================
<PAGE>
LOAN SUMMARY STRATIFIED BY
Amortization
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
Fully Amortizing 2878 305,767,153.88 99.90
Partially Amortizing 1 297,290.02 0.10
- --------------------------------------------------------------------------
Total.................. 2879 $306,064,443.90 100.00%
==========================================================================
PREPAYMENT PENALTY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
NO 1322 135,469,281.02 44.26
YES 1557 170,595,162.88 55.74
- --------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
==========================================================================
LOAN ORIGINATOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
ACCREDITED 22 1,839,594.36 0.60
ADMIRAL 31 3,538,033.83 1.16
AMRESCO 499 44,807,392.05 14.64
BNC 263 25,002,882.54 8.17
FIRST COLONY 26 3,280,460.62 1.07
INVESTAID 7 754,293.93 0.25
LONG BEACH 132 22,156,600.53 7.24
NATIONAL MORT. 46 4,855,163.36 1.59
NEW CENTURY 112 19,317,565.24 6.31
OPTION ONE 1107 113,544,954.69 37.10
QUALITY 235 20,822,189.30 6.80
UNITED LENDING 3 905,419.98 0.30
WAYERHAEUSER 396 45,239,893.47 14.78
- --------------------------------------------------------------------------
Total............... 2879 $306,064,443.90 100.00%
==========================================================================
<PAGE>
PAG CODE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Type of Loan Loans Balance Balance
1 155 20,469,293.55 6.69
2 1135 142,513,867.47 46.56
3 766 77,397,237.13 25.29
4 227 19,406,578.61 6.34
5 574 43,640,547.62 14.26
Missing 22 2,636,919.52 0.86
- -----------------------------------------------------------------
Total.......... 2879 $306,064,443.90 100.00%
=================================================================
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
6 M LIBOR 1099 131,939,132.43 43.11
2/6 M LIBOR 1185 119,385,608.84 39.01
3/6 M LIBOR 595 54,739,702.63 17.89
- --------------------------------------------------------------------------
Total.................. 2879 $306,064,443.90 100.00%
==========================================================================
